The crown a virus has infected more than 2400000 people globally its taken more than 160000 lives while some countries are seeing a flattening curve others are still seeing a surge in new cases coppa 19 has infected more than 766000 americans while thats in the u. S. Have top 40000 new york state which is finally seeing a drop in new cases announced that its going to begin aggressive statewide Antibody Testing this week protests continue across the u. S. Over shelter in place orders amid pressure on governors to reopen local economies at sundays briefing president said that hell use the defense production act to increase manufacturing of testing swabs while working with governors to reopen their economies. Some of the governors doing a better job than others the robust capacity that weve brought online will empower governors to deploy sophisticated strategies so they can safely reopen their states. Some people believe in test play and other people believe in it less strongly but still its a very good thing to have the us remember that the governors wanted to have total control over the opening of their states but now they want to have us the federal government do the testing and again testing is is local you cant have it both ways where us governors are in conflict with President Trump and say that testing is still an adequate and not adequate enough to lift restrictions or President Trump raise the question whether china was knowingly responsible for the global spread of the coronavirus on monday Chinas Ministry of Foreign Affairs spokesperson gang shuang responded by calling for international unity. Would die young like other countries china has been attacked by the virus and is also a victim of the virus we are not the corporate nor the accomplice of the virus in the face of a Major Public Health crisis and threats of Infectious Diseases the International Community should stay united rather than blaming each other for rushing to hold someone accountable or demanding compensation i dont remember where there was such an International Practice before some People United states must understand that their enemy is the buyer is not china. Well some countries in europe are seeing signs that the coven 19 infections are slowing germany is reopening shops and easing restrictions as a country toll fell by more than 60 percent in just 2 days and the u. K. Reached its lowest a leave death toll any early 2 weeks but education secretary said there are no plans to open schools by summer time on sunday france reported 395 deaths its lowest number in the early 3 weeks while italy reported 433 deaths its lowest in 7 days and meanwhile some businesses in iran reopened as the countrys daily death toll fell to 73 though this is the lowest in more than a month but other countries are seeing an increase in its numbers singapore for example reported more than 1400. 00 new cases in just one day raising the total to more than 8000. 00 from the 6500. 00 reported on sunday will prove reported 15000 new confirmed cases but for contacts here the country reported its 1st case on march 6th and it took 25 days for infections to then reach 1000 but so far peru has more than 50000 cases and 400 deaths brazil is the only other country in latin america with more cases than peru but for more numbers and information on the coronavirus be sure to check out our portable dot t. V. s and look for the section tracking coronavirus. Now we reported 2 weeks ago that this Historic Oil Deal was nothing more than political the actrix making a whole lot of much ado about nothing but we said that it was not enough to counter the record inventory buildup and that prices will crush even more as the steel doesnt even make a dent well for a breakdown of how markets are starting this week lets turn to both cohost christine well the chips are down today as oil plunges below 0 christi were seeing at negative values here for the 1st time in u. S. History whats happening with the oil. Wells there and this is on record the biggest plunge ever that was. Were down over 300 percent today for made up e. T. I. Contracts now this price dynamic happens when producers actually have to pay to have someone take the crew as a cause its less then shutting down all of production so its kind of weird that the of this is the environment that were living in this world where we live and have negative carry on crude and also negative Interest Rates so its kind of a very interesting time in modern economics and now today we have a front and plunges morning i would been saying for weeks came true that supply has far outpaced and now which has fallen on an estimated 36000000 Barrels Per Day and now are coming close out of storage so global oil stored on land and at sea is rapidly filling up and is currently estimated to have exceeded 70 percent brant however is frying a little bit better as it is a water bore crude and tanker storage is still accessible however in contrast is completely landlocked in the us in canada and russia and about 500 miles from water brant is still under considerable pressure today down 6 percent but is likely to find some sort of support at 20. 00 per barrel given its strategic location so the main contracts will expire tomorrow on tuesday but right now the entire front end of the futures curve looks just as ugly the spread between front months is now at the widest ever in history a speculators and paper traders roll their contracts out well kristie the u. S. Equities market also continues to remain extremely volatile as it tries to find some direction whats happening there. Well we looked last a bit today as the market attempted to stage a rally midday as we got some indications of the pandemic is getting under control in the u. S. And that seems to be the near term issue on everybodys mind but then as we look a little bit further earnings and the aftermath then come into focus and thats when you start seeing the market get sold off again on the back of oil so right now the instability and markets bled over into equities and we thought into the close with the industrial heavy dow taking the biggest hit down over 2 percent the tech focus cues however seem to fare a little bit better down about one percent short sellers are now also coming back as the latest earnings and data brought to light the devastating toll of coping 19 ive had on the economy this recent rally was in large part due to a short squeeze as a huge stimulus package was passed in the 11th hour but now thats been shown to merely delayed the downturn the shorts are back stacking a bet against the s. And p. Were Short Interest rose to 60000000000. 00 last week which is now the highest level in data going back to 2016 with the most heavily shorted company now all within travel and retail christine you mentioned the relief package that the trumpet my station has said will be reached that deal by monday there seems to be more relief coming to this Small Businesses and assistance to local state and governments what do we know about that. So now after much pleading for additional assistance the administration is closing in on another aid bill to further help Small Businesses and hospitals around the country so it is now expected to include another 310000000000 dollars for the p. P. P. Program to i ran out last wednesday in order to help Small Businesses survive the outbreak this is also expected provide another 75000000000. 00 for hospitals and 25000000000. 00 in testing now these measures are meant to be a bridge between phase 3 and face for their beliefs measures merely extending the life line a little bit more to get the funds to those who urgently need the aid now face war is what will include a big spending package and analysts estimate could cost about 1. 00 trillion dollars as it will provide at this. To states and municipalities as well were looking for more stimulus help on this but for more analysis we are joined by tio and chief strategist for cool intelligence and former Federal Reserve insider danielle de Martino Danielle thank you for joining us today more stimulus actually is it going to help at this point are these packages even being deployed correctly or is all this just a little bit too late and extending the rope for a little bit more and just trying to delay the eventual crash that many people were expecting. Well you know whats interesting is that if you look at the p. P. P. Loans that were distributed from the original 349000000070 percent of them were for less for 350000. 00 or less so its apparent that the bulk of the day the demand was coming from very Small Companies even though weve seen some splashy headlines about much Larger Companies that have been able to get much larger loans so i think that im hoping the government has learned its lesson that it needed a separate program for really Larger Companies maybe that is what the Federal Reserves main Street Lending program will do but because the funds initially were exhausted you have to think that theres a backlog of applications sitting at u. S. Banks right now that are ready to go the minute that Congress Approves and we get we get the extra stimulus signed into law well yes especially you said because it definitely looks like the Small Businesses really werent necessarily taken account you have Companies Like ruth chris shake shack we just returned their money and you know a lot of these midsize retailers are really just getting screwed here now they dont qualify for a lot of these programs as it is theyre too big to qualify for the s. B. A. And they are too distressed to qualify them for the the primary market Corporate Credit facility thats aimed at these Larger Companies there are Companies Like macys and Neiman Marcus that are being forced to then go into bankruptcy whats going to happen to this industry if they dont receive the aid now these retail accounts for the largest private sector employer. Youre right it is the largest employer in the nation and thats what makes this that much more of a tragedy and unfortunately i would say that the corona virus has acted as kind of an accelerant that you would throw on a fire Neiman Marcus it was well known last year was was desperately struggling with an overhang of debt it had been you know its Balance Sheet was in a tatters so we knew that Neiman Marcus would be the 1st one to declare bankruptcy if. There was any kind of a red swan or even worse a black swan event of this magnitude and other major retailers such as macys for years have been kind of doing this slow drip methodology of closing down stores 100 here and 100 there as opposed to really right sizing the company to what demand was for their traditional kinds of Department Stores again its tragic and its awful and i hate to see these people lose their jobs and i do hope that the extra amount of Unemployment Insurance that is available via stimulus is of assistance to them but again these some of these retail deaths have been a Long Time Coming a lot of people now also turning to Online Shopping in the last couple years but even more so now because they are still still selling rather than theyre saying the Department Stores will no longer not necessarily not exist but they are dying down but kristie earnings week continues as we have the group of Major Airlines that are reporting this week we all know that its not going to be good give us a preview of really whats to come. Well i dont think. And i guess just to put things in perspective in january there was about an average of over 100000 flights every single day flying worldwide now last week there were only 28000 flights so in the u. S. Domestic life i was only just 10 passengers her flight and everything a carrier has now been scrambling to cut because and now entire sleeping ground it was booking revenues down over 100 percent year over year so we know things are bad and not looking to recover any time soon the Airline Industry on average takes about 4 years to recover from any sort of shock ive seen from 911 so we wanted to hear anything good come from them now but the biggest focus will be the aftermath what will the company be doing to rightsize the operation and the fleet once the coronavirus over what efficiency measures will be in place and certainly as social distancing becomes more of the norm now these days downsizing to cram more capacity wont be an option anymore for airlines where lines are definitely struggling we have about a minute left but christine let me get this question and now despite oil cratering whats really holding the companies are the markets for now they traded pretty flat today. While they try pretty flat but you saw the fang stocks actually gain a lot decline as lead advances 3. 00 to 1. 00 and even so a lot of the tech stocks still manage to stay afloat so you have amazon and netflix both the clear winners however coming into our next facebook might be a completely different story as they generate most of their earnings on at and as companies are struggling to stay afloat spending more money on as an ad read in commercial is the last thing on everybodys minds. Well you must cohost christi i and former fed inspired daniel de martino both thank you so much i mean only time will tell like weve been saying for the last couple weeks but markets seem to be. Holding pretty well except for unfortunately oil all time lows hopefully we can come back from this and not in the slow recovery that we were expecting but time now for a quick break but hang here because when we return as more people and companies go online to work competition is growing for Cloud Computing and maybe looking to make a run at amazon and even microsoft as we go to break here the numbers are that. Is youll be a reflection of reality. In the world transformed. What will make you feel safe. Isolation a little community. Are you going the right way or are you being led. By. What is true. Is very pleasing in the world corrupted you need to descend. So join us in the debt. Or a maid in the shallows. Join me every thursday on the alex salmond show and ill be speaking to guest of the world the politics sports business im showbusiness ill see you then. The world is driven by dream shaped by frank person of those. Who dares thinks. We dare to ask. Thanks guys just by the National Survival guide. When customers go buy your supplies. In elf well reducible our. Best undercutting but whats good for market is not good for the global economy. Theres no question that the coronavirus is indeed changing the way that businesses operate and its also placing new focus on digital economies as well one example of that is the new focus that online marketplace is now placing on building out its Cloud Computing division the Global Leaders in that space are amazon and microsoft is now going to make a major run at them joining us to discuss is bloomberg and investigative journalist ben swan ben what kind of financial commitment are we talking about here by. Well actually its a pretty massive commitment were talking about the equivalent of about 28000000000. 00 of alibaba is going to roll into Cloud Computing essentially saying that this is the next frontier this is where the Company Needs to be and theyre making this kind of double down investment as you just said based on the fact that they say with the coronavirus right now that there is more of an opportunity in this Digital Space all bob as we know is kind of a amazon right sort of platform ecommerce online marketplace its somewhat remarkable how ali baba sees its future is now back in 20 danielle is the c. E. O. Of ali baba towards the end b. C. I think cloud will be the Main Business of ali baba in the future and quote this was back in 20 team but why are Companies Like amazon so focused on these Cloud Services. Well because its a massive new space and theres so much room and so you still consider the fact as you said that alibaba and amazon are essentially the same company in terms of being these online retailers where you go in there and you buy stuff online have a sense your home whats interesting about these companies is they have very similar trajectories in these other spaces they want to involve themselves in the difference between Amazon Amazon an hourly bob is that alibaba is primarily has its strength in obviously asian markets and specifically in china the number one market place in china and was on globally is larger in this space and certainly globally larger in terms of Cloud Computing but thats where alibaba sees an opportunity so theyre saying this is a 100000000000. 00 opportunity just in china itself to take over all that Cloud Computing because what theyre seeing is the move from so Many Companies to move over to these kinds of businesses that competition where thing comparing it to amazon but how important has Cloud Services like amazon a to the u. S. And become now to that company. Well you know and thats and thats kind of the whole point here amazon obviously is a Massive Company doing a lot of Different Things 8 of Us Amazon Web Services is its Cloud Service and the Cloud Company and essentially amazon seasoning just a minutes amount of profit coming from this i want to do some numbers here so get this Amazon Web Services right is the cloud because it brought in cells of 8380000000 dollars just in the june quarter of last year of 21000. 00 thats 8380000000. 00 but at the same time either of us accounts for 60 percent of the total operating profit for all of amazon so 60 percent of that companys and higher profit is coming from just its Cloud Computing not from the stuff that youre ordering online and you would think the opposite actually here so im sure that ben ali baba really is giving amazon and microsoft as well a run for their money well see how well they do but they seem to be looking like theyre pretty prepared for this boom bust cohost and so on thank you very much sir things. Playmaker giant boeing is in the headlines once again will now battling at 737. 00 max order cut thats right china just canceled an order of 29. 00 undelivered 737. 00 as boeing shares fell more than 3 percent on monday but boeing has lost more than half of its value this year and for more we bring in our t. Correspondent from fair and thanks for being here why the sudden move from china well sarah basically the short answer is because of those 2 fatal 737 max crashes but then you also have the coronavirus you know these check this Chinese Company actually just released a statement saying in quote in light of evolving Aviation Market dynamics weve been working together with boeing over many months to recalibrate our max order book to be in line with our long term view of the market and related opportunities now the Company Order 29737 max planes as you mentioned sara and those are priced at about 2900000000 apiece. Now last year authorities ground at the max after those 2 major fatal accidents where 300. 00 people were killed more than 300. 00 people and boeing was hoping to return to service this summer but the pandemic is actually virtually shut down air travel and adding more to that sara china isnt the only one to cancel their orders were talking canceling 150. 00 jets alone in march but they did have an order to make 31 jets but those are for military aircraft and one is actually a freighter for fed ex but then just in the past day you had a big order come in from germany with the countrys defense minister confirming their decision of ordering 30 f. 18 Super Hornets and 15. 00 now boeing did report to the Hong Kong Stock Exchange that it also has 70 orders for the max planes but they will be changed to these smaller max versions and 20 of those planes will actually be delayed until 2024202520 extension 26 want to go and we know that 737 max has been granted for quite a while they are trying to get that back in the air since possible in Washington State specifically the seattle region was one of the hardest hit by the crown of iris at least at the beginning boeings 1st person said that there will be safety precautions in place theyre going to reopen their boeing facilities there but employees will be tested for the virus right youre in youre talking 100. 00 or 161000 employees but 27000. 00 are actually going to be going back but its not going to be business as usual for those workers boeing is the very 1st business actually on a large scale to get back to work since this all broke out but its not going to be business as usual now during the weeks long shutdown boeing actually went through and did a deep cleaning at their facility near seattle but in light of the outbreak now going to have employees come in on staggered shift times theres going to be marks on the floor for that 6 foot social distancing workers going to have to wear face masks and theres also going to be wellness checks every single shift where you will see those a bollen teary temperature screenings now Washington State is still under a state home order but boeings Assembly Operations are considered essential business which i. Also makes them exempt now monday workers for the 7377476777 extension 7 those workers for those planes are going to be back at work with most of those 27000 employees returning to work by wednesday a lot of employees are hopefully we dont see a spike again in these cases in the area now part of the coronavirus stimulus bill includes 25000000000. 00 right and stimulus aid boeing now many are angered from both sides the political aisle was a 25000000000 going there well its funny too because you know a lot of people were arguing not to give that money because they said that they were failing before this whole pandemic even started but there is going to be conditions with that 25000000000 namely that that money can only be used to continue paying their nearly 161000 employees all the way through to september which means they have cant have any job cuts or layoffs now when the bill was signed President Donald Trump he actually recognized boeings failures but said that it was important to keep them afloat listen here we have a great plan for the airline its going to keep the airlines go you know its never been a Good Business but its a very vital business for the country we cant let anything happen to boeing its you know so much potential you talk about potential can anything have more potential than that. Now sarah boeing c. E. O. Says that as far as reopening now and there are new Safety Measures that are in place the company is in uncharted territory and could forever change the business and the industry because of this pandemic but bowling is taking it day by day and theyre hoping to come out strong and competitive throughout all and when you look at these plane makers you really have not much competition i mean theres boeing and then theres the airbus right so so boeing somehow needs to exist right in this type of of the center somebody who comes in thats going to start making planes isnt going to be a competition to boeing has been around for exactly right now you have air bus thats halted too so its kind of like everybody is at a standstill and maybe the only possible way they can get ahead of this is by ramping up business again and going back to work but heres the problem there ok theyre good theyre going back to work and yes theyre taking service certain safety precautions but will that be enough and planes are grounded well thats one of the things that they were talking about is actually these Assembly Plants they are built to be you know very you know pristine were supposed to be you know that your son was supposed to be easy and they said that by adding in all these different precautions it might actually slow production a little bit because youre going to have all these other elements in there that are going to kind of get in the way of what theyre used to doing well and i think they end up killing or taking more money its going to cost them a lot more and how much stimulus is the government actually going to give boeing and are we going to see them like many other industries eventually ever declare bankruptcy something that theyre going to be down the stock is going to go down to 60. 00 a share right now it was about 147. 00 or so but well see well have to follow and continue to see because i doubt the governments going to let them sink lets say for the chime but you can catch boom bust on demand on the brand new portable t. V. Up available on smartphones through google play and the Apple App Store by searching. For 3 months by your t. V. By downloading the portable t. V. On apple t. V. And online a t. V. As always check it out on youtube dot com watch them both start to see. Next time. This is a story about what happens auster a stray bullet kills a young girl in the streets. What happens to her family and daughters and. The mother daughter is buried in a cemetery it really messes with your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court be the. Shock shock as far as i feel. We dont know just from. The end of this trial unfortunately you truly will still love no chill just. Seemed wrong why dont we all just dont hold. Any of these yet to shape out these days because as a kid and it gains from it equals betrayal. When so many find themselves worlds apart we choose to look for common ground. And. Welcome redactor tonight this is the comedy show where americans in america covering American News are called foreign agents now you know. Feeling out there yes ok you hang in there ive learned a lot of things in partial quarantine ive learned things are not that bad when you start feeding your pets human food things are bad when you start eating the pet food in my defense i only did it to teach him a lesson all right it was not out of necessity and anyway the world on vacation continues to be a weird existence but we need to understand what an incredible gift weve been given all these quiet for most of us our lives are on pause were held in limbo just floating here like bananas inside a jello mold the things we thought mattered now dont the things we thought didnt matter now oh i really dont remember when you thought if you didnt get your eyebrows eyebrows threaded every other week your life was over now people are just Walking Around looking like the back end of a peacock it doesnt matter no one cares for years weve been stuck inside the for now to keep pace of lives based on nonevent never given a moment to pause to look at the society we had created remember what used to matter before this pandemic remember what you used to focus on how many live picture of your dinner got on instagram what happened in the new episode of the voice of the real housewives of the walking dead or the farting diseased which superhero movie to go see and then complain about how it sucked afterwards whether the guy at work doesnt like you even though he smiles his stupid face that you we thought all of that mattered not of it really matters many of us maybe most of us have been living for nothing rushing towards not