A show for you today so lets go and ive read that. Global infections for the coronavirus stand out more than 2700000. 00 the total death toll and nearly 200000 World Leaders met virtually with the World Health Organization to launch what they called a landmark collaboration to fight the pandemic will the u. S. Did not participate but french president manuel mccrone and german chancellor Angela Merkel were among the group and they pledged to accelerate their work on these tests drugs and even vaccines while you as you and secretary general antonio terrorist cited the importance of these global efforts. The world needs of the development of production and equal to believe many of safe and effective government 19 facts internet bill ticks and theyd gnostics not a vaccine or tick most for one country or 100 or one of the worlds but the vaccine and treatment at that affordable safe effectively easy administers and universally available for everyone everywhere. Meanwhile Brazils Health minister confirmed 407 new deaths the countrys highest day to day increase so far more than 51000 people in the south American Country are infected while the death toll is now at more than 3300 meanwhile hospitals in the u. K. Are using sleep apnea devices to treat coronavirus patients well clinicians are using these devices on patients with early symptoms which have eventually hope for a quicker recovery rate theyve prevented several patients from having to use ventilators spain reported its lowest number in daily deaths in more than a month the country plans to gradually ease restrictions on the lock down by opening up the 2nd half of may well this comes as the e. U. Agreed to set up a massive 540000000000 Euro Recovery Fund to fight the Economic Impact of the coronavirus well africa saw a surge in cases by 43 percent in just one week african officials are scrambling to find a quick and thats necessary to treat patients 10 nations have 0 ventilators infections climbed past 27000 on friday the u. S. Death toll topped 50000 still the country with the highest number of cases more than 883000. 00 President Trump signed a 484000000000. 00 relief bill adding another 310000000000. 00 to these Small Business loans meanwhile reuters is reporting that a u. S. Government trial of a krone virus treatment by it is running ahead of schedule results are expected as early as mid may however run does appear may have seen a setback after the World Health Organization published the results of a chinese trial of the drug the study said there was no benefit but claims the study has or was stopped early and had a low number of patients antibody tests have become a hot topic and as more test results are made public studies suggest more people have actually have the virus than previously thought. Well an example are some preliminary results from tests out of new york that they suggest that one in 5 new yorkers may have had the virus so the presence of antibodies suggests that at one point those people were exposed to the corona virus and actually recovered well its not clear if those people are now immune to the virus or if theyre simply asymptomatic for more information and numbers on the coronavirus be sure to check out your portable dog t. V. App and look for the section tracking coronavirus. Additional helicopter money is arriving soon to these Small Businesses and hospitals as the administration signed the 484000000000. 00 bill into law well joining us now to go further in debt is. Chris christie how effective is the p. P. P. Program in doling out funds and those who actually need it most. Well actually so its been a complete mess banks and all the other Financial Institutions who are responsible for distributing these funds they were comfortably unprepared for the task that they were hit with so much demand in a few short weeks so you have large corporations being prioritize over the smaller businesses that the people he was intended to help so meanwhile Small Businesses provide nearly half of american jobs and what a 5 percent of National Production so they were actually completely ignored Small Business owners actually got completely screwed as it was revealed that billions went to large corporations with almost 20 percent going to publicly traded companies who have other means of accessing capital so a lot of critics have put these companies on blast us taxpayer money to go back to these multimillion Dollar Companies meanwhile Companies Like shake shack they have announced that we were turning the loan but the majority of the group surveyed said that they will not return the money or do not respond so ensure Small Businesses theyve been become the people who has been completely ineffective a healthy need Small Businesses and they were overlooked in favor of larger corporations so that banks could get a massive underwriting for originating these larger loans so now its airy and that they cannot have any other sources of money so by default this excludes any publicly traded Company Going forward on these are Small Businesses certainly suffering the most from this a lot of them barely in the application process for the Small Business loans but to continue the conversation lets bring in Stephanie Cutter editorial director with the American Institute for Economic Research geoffrey thank you for your time today i want to ask you this what are your thoughts do you think these deficits will ever return to some managed manageable levels when we make it through the crisis. Or is it really going to make it the recovery that much more difficult when were starting so much in the red already. The recovery is going to be almost impossible i think maybe if we had into the shutdown a few weeks ago and stopped this outrageous amount of trillions and trillions and trillions of spending that we had a much greater chance of getting out of this mess quicker but but but every day we delay the opening and every day we keeps passing these hundreds of spend billions of dollars of spending is just more pillage gene of the taxpayers to add on top of the house arrest in the mandatory shutdowns and this is the way you destroy an economy for you know not just a year but 5 years maybe 10 years so this is this is an immense calamity like i say its adding the pillage of the taxpayers on top of already putting everybody under under house arrest in effect getting rid of the constitution also right so that its not good economically speaking that survey sure especially if were seeing a larger number of these Unemployment Rate some some record highs here jeffrey big coin has now emerged the clear ask that when are having the couple term stocks and even bonds after plunging down with the market in march now since then its risen over 100 percent what is driving the right now. Well you know the thing about p. T. C. Its interesting is that theres not a lot of people who accept it in payment unlike say 5 years ago that thats kind of almost entirely gone but whats happened is that weve weve seen a very viable use case in which a big climb in International Remittances and nonbank transfers of value and thats what is being used for your scene a. T. M. Being used ever more and could be in a stores of Convenience Stores in this country dont forget were coming declared essential businesses so you have the opportunity to do your banking outside of a so the banks and in times of people are not entirely sick sure anymore whether or not we might in fact be facing a financial crisis in the near future here with all that said money printing and Everything Else because it looks like a pretty good a pretty good safe haven at this point a lot of people looking toward it as an alternative like youre saying because they they trust that even without the regulators and the regulation of the christie lets bring you into this we know youve talked a lot about the v t v how they are that it will take place sometime in may does this have anything to do with the recent strength that were seeing again. Well certainly as jeffrey just mentioned it quite as a scarce and the net assets of the may happen that weve all been talking about will reduce the amount of newly minted declined by 50 percent and by simple supply and demand economics less quite should mean greater demand and higher prices so the last having that we had in 2016 we saw major increases in decline in pricing so in the face of all this unlimited q. E. And money printing big point still remains a safe haven asset and crypto markets remain one of the only truly free markets left so betting on decline is basically a bet that deflationary pressures well when and right now we have about 1000 years to go and traders are lining up new bets now and while there are those people who still doubt declines by. I believe like our good friend Peter Schaeffer lets take a quick look at the recent filing just by Renaissance Technologies they are the juggernaut want hedge fund that had just liable to begin investing in point and cash subtle natures with its Flagship Fund so this is really really significant because the Medallion Fund has been one of the best performing Fund Since Inception in 1982 and theyre currently up 39 percent year to date while most funds are underwater so this kind of adds to because it strategies into Renaissance Fund and this is a big institutional firm which is basically giving bitcoin the stamp of approval and some mending its place in the Capital Markets go toward not only big claim but we report on the surlier crissy you mentioned the china also looking at alternative Digital Currency so me becoming more popular than even before Jeffrey Tucker editorial director with the American Institute for Economic Research and boom bust cohost christi i thank you for that report and analysis. Markets are mixed this week although mostly down after a sell off earlier in the week pushed things down well lets start in moscow with a green arrow for the mo x. This comes despite some Oil Volatility that we saw the markets fell friday as Russia Central Bank cut Interest Rates to the lowest levels since 2012 and warning the countrys economy could shrink by 6 percent at the end of this year will asian markets all in the red for the week stocks fell on friday as host for the coronavirus treatment took a hit well the shanghai composite saw big losses early earlier this week due to Oil Volatility and it finished off the week sliding as Economic Uncertainty regarding the pandemic continues in hong kong the hong saying also down for the week on a similar trend it didnt see any rebound on stabilizing oil prices after a big decline on tuesday investors are continuing to look at stimulus and on measures to prop up the economy while japans nikkei also held down looking at similar conditions here we did see a 1. 5 percent gain on thursday after oil markets stabilized but still losing at just under one percent on friday in india the sensex had mostly rebounded from some midweek losses but they closed down the week roughly down by one percent after some steep losses on friday the Financial Sector is really being hit with axis bank e. C. C. And interest in bank all sliding by roughly 5 percent then over to australia where the a. S. X. Finished out the week gaining half a percent but it still wasnt enough to bring the index into the Green Health Care and Consumer Staples struggled throughout the week the all shares in south africa finished on the green this friday even after a steep drop made weak the gold Mining Sector in south africa it is thriving the ran as weaker earlier this week. Over a 26000000000. 00 stimulus package now moving to european markets all 3 major indices are in the red this is even though the e. U. Finally agreed on a 540000000000. 00 euro stimulus package it simply wasnt enough to drive markets up in london the footsie appeared that it would actually end green on the week but it fell by 1. 5 percent on friday losing just 36. 00 points on the week in france the cac also in the red the index was not able to make any significant gains on friday and over to germany where the dax following the same trend of during the meeting e. C. B. President Christine Legarde reportedly said the e. U. Economy is expected to shrink by 15 percent this year well lets move across the atlantic over to brazil where that hugo best also down for the week early friday it appeared it would and in the green but Justice Minister sergio mauro resigned after accusing president of interfering with Law Enforcement affairs well this caused the rail to really think it sent markets plunging and caused them to lose 9 percent well moving north the b. M. V. And mexico also down for the week a lot of struggling to to open or whether or not to open it during these difficult times in the u. S. The dow and the s. And p. Down for the week while the nasdaq saw some significant gains will markets were moving positive on friday before giving up some of these gains the turmoil in the oil sector is affecting volatility in equities as well while finishing off in canada the Toronto Stock Exchange is also up for the week since taking some big losses in both february and march the t. S. A. Is up now nearly 30 percent since those lows the oil sector once again helping to keep things moving throughout the week and that is your Global Market walk. Time now for a quick break but hang here. Because when we return well take a look at tallinn medicine and how social distancing may forever change the way you talk with your doctor as we go to break here the numbers at the club. I mean any friend of his son was that once you got infected then youd get a nice one with any mean response and so that. Philosophically protects you against me infection or not was fine and with this new crime the boss is sad its a very cold case situation in many patients who get mild disease any anybodys. Show something seems wrong well we just dont all. Get to shape out these days to come to advocate and indeed from an equal speed trail. When so many find themselves worlds apart we choose to look for common ground. Is youll media a reflection of reality. In a world transformed. What will make you feel safe. Tyson nation little community. Are you going the right way or are you being the. What is true. Is faith. In the world corrupted you need to descend. To join us in the debt. Already made in the shallows. There are some new terms being heard in medical circles thats becoming the new normal in the crown of our sara telemedicine and tele health well its on the rise to deal with the demand of the pandemic but here to talk more about it is our correspondent farren fronsac fair and whats going on well it is new to some doctors but you also have a lot more Doctors Today that are having to kind of learn what this is now sara this has been around for at least a decade and its one of those things that its being done today whats being done today is simply a real you have a team of surgeons out in bangladesh being guided remotely by a highly skilled cardiac surgeon thats in new york city you have medical students and gonna listening to a lecture about immunizations in germany and like what were seeing more and more today especially in the wake of coven 1000 doctors are screening patients on line or patients going to a tele Health Center and Video Conferencing with a physician like what new york has done to meet the demand for patients coming and its pretty incredible take a look at this. All right so this is one of the times that we are not to get up and running as you can see theres a registration thats this week i dont want through this time were going to use regis slots each room this morning. With the ability were going to be on the other lead the 99 minutes weve heard summaries of them so i get all to meet demand im looking at what medical experts say the pros are this is more Cost Effective for patients rather than walking to the e. R. And getting slapped with a big bill rural areas are the most underserved areas when it comes to medicine so this can help with the demand there doctors can see more patients more quickly and the quality of health can improve for some patients who lets say like if they had lou gehrigs disease or a. L. s where getting in the car and driving to the office thats going to start to get extremely painful as they lose their ability to move their arms or legs etc now the cons to this is that there isnt that bad side and interaction and theres no physical exam thats physically in the same room also what if your internet goes down or your camera breaks theres technical difficulties there and then weve had People Companies even the government get hacked could this happen here too now its not just physicians in the e. R. Doing this you also have Mental Health professionals physical therapists personal trainers and those who are mans best friend but also have 4 legs veterinarians are also saying theyre a little patient via video chat with their owners because again with many stay at home orders and placing your pets health not considered an essential treatment its basically the only way to figure out if thats the ticket old buddies back or just a little scratch but the big question not only on the doctors mind but also on the patients mine does my Health Insurance cover telehealth well thats where you have a lot of Insurance Companies now looking into it and unfortunately you have been looking into this and many doctors say that the decisions are changing day by day until last month medicare and medicaid they were very strict about what technology could be used and they did not allow smartphones now you can use that. But how much they will cover well thats another decision theyre making as well you know i know with my own dad being a physician sarah a lot of these Insurance Companies end up picking and choosing what they will and will not pay for that is extremely frustrating not only for these doctors but also for the patients and knowing dr dombrowski who were about to talk to about has a whole lot more to say about this. To correspondent thank you so much x. But as fair and just pointed out the crown of us pandemic has certainly changed a lot of parts of society as we know it those changes have come quickly and in some cases might become permanent well one of those changes is a style medicine so continuing our conversation on that you are joined by dr John Dombrowski of the Washington Pain Center of the us cohost and investigative journalist bunce one gentlemen lets continue the conversation dr dombrowski lets start with you how big of a change is this for the medical industry and do you believe this will actually become a permanent change to the medical landscape. This is monumental i cant tell you how many patients have been doing this now in my office since the code of crisis has come up and actually look at this why did we do this before and i really find this one of the things that were not going to go back to is well you need to come in for that visit to times people really do and boy just a convenience as you are you know saying which is your introduction. I do see that this could be because of the opioids your patient confidentiality but one poorly patients and physicians dont look at each other and grin we can do this by video but there are a lot of nonverbal cues we get in each and every school exam and sometimes you will continue to lie if i see you body language a really you know one of touch on that so this is a great technique but in all the subpoenas you for everything it definitely takes away from the interaction and like youre saying im picking up on lies picking up on refuse from that one on one interaction but then in march alone telehealth visits increased by 50 percent now this is beyond the practical reasons is there a deeper reason for this. Yeah there is a deeper reason the biggest reason that weve seen this increase it really comes down to regulatory issues there were severe regulations that held a lot of this back and just to give you an idea of some of those the center for medicaid and Medicare Services they expanded tele Health Benefits to Medicare Beneficiaries so that obviously opens things up the u. S. Drug Enforcement Agency the da they temporarily lifted a provision in something called the ryan white act which required an in person exam before provider could electronically prescribe controlled substances and then a couple of other things here the Department Health and Human Services says that non hipaa compliant communication tools so in the past face time and skype with would be considered a violation of hipaa laws in order to use them and now thats no longer the case so essentially whats happened is a lot of red tape has been cut that has allowed doctors to be able to do that do this and patients to be seen this way well a solution or at least temporary as they say for now dr dombrowski what are some of the drawbacks that spoke of a feel but if any of this this kind of health care. Well i think the 1st thing is that you know the red tape was tremendous and im glad that the trucker ministration they got rid of this because we needed to make sure patients gets you name mediately going through an overwhelming that system is not the way to go forward a lot of patients could be seen and you know despite telehealth like were doing today obviously the drawbacks or you know we dont have a school exam and again its that we have a Good Relationship with the patient is this the 1st weve started no weve had a long term relationship to certainly can be done and i love the idea in terms of Mental Health youre going to see a tremendous with this crisis tremendous gains in drug and Substance Use disorders suicides and things like that so more with interact with patients in any format better for their city well absolutely when they need that support from a doctor i know doctors who have been doing this for years though for example who are for in other cities are specialists or things that are only have certain days of the week where they think these types of patients then one of the concerns here is also fraud how does that play into all of this well that fraud always plays into it i think i think its it becomes a smaller part of this you know i think what john just said so much truth in what he said about especially for Mental Health issues right we have a huge lagging in this country in terms of Mental Health services this could be a great way to deal with some of that and also the ability to be able to to make prescriptions but yes in the month of march alone the center for medicare and Medicaid Services essentially said that they saw dozens of new applicants who showed up with these new billing codes in order for billing to go through so yes there could absolutely be some people who take advantage of it no doubt there will be theyll be theyll be some forms of Medicare Medicaid fraud that come from this also in some cases doctors essentially would be consulting with patients and it allows them if you handle this the right way to be able to bill for things that you shouldnt necessarily be billing for but i think. Its a smaller issue you know theres always fraud but i think the good in this case would significantly outweigh the bad in terms of people who really do need the help or even the changes for example of theres a p. A. s as a doctor actually seeing you and the doctor actually taking the time to see you either way i definitely create some issues here with what the billing do you really see this becoming a possible new permanent alternative for maybe some days that dr dombrowski. Yeah i really do i mean the point was made earlier about Mental Health this is going to be a new normal i think and again many things in our life in terms of medicine have come out of crises you know the golden hour that came out of the vietnam war we had ice you care and things like that this is new technology thats going to have to be you know accepted and were doing it rule areas and other places that are underserved and i think this is a great idea but its not good for everything so we need to be cautious that we move or were not going to go get patients to i think i think there could be a little bit of a balance between both want things a return to our new normal as they say well dr John Dombrowski of the Washington Pain Center and cohost of boom bust about the investigative journalist ben swan thank you for that analysis. Thats it for this time catch boom bust on the man on the brand new part will t. V. s available on smartphones through google play and the Apple App Store you can always catch us on youtube dot com slash for the best are tea and coffee and i. Something man has used to put on a chain on the last one to cut you a little sponge thats them. With nothing to do on that i desired to know. But i told of the. Local just a little planning im still going to. Show were still a lot. Of them will push it. Puts. You put its not just on thoughts and you will not on one level so we will stop it. When i see you. This is a story about what happens auster a stray bullet kills a young girl in the streets. What happens to her family my daughters in florida alone my other daughter is buried in a cemetery it is kneeling 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 to be. Shocked shocked as far off society we feel. We dont know children just for. The end of this trial unfortunately due to the will still love no children. With good reason Public Discourse is focused on addressing it fine. Each containing the cocaine 1000 pandemic now the focus is on devastated economies where the recession will appear stage with depression with the recovery being. Or in. The world. Today we discuss mosques coronavirus controversy and c. R. Control sit tight the show starts now. Just. What. The. World according to. I am crazy to santas for our top story today we turn to the collapsing oil industry this week oil prices plunged into the negatives for the 1st time in history as demands dries up due to the global coated 19 pandemic on monday the price of crude oil fell 8 to negative 37. 63 so anyone expecting a delivery would have actually been paid to accept it rather than paying to buy it to better understand this lets look at the most widely followed Oil Futures Contract in the United States west texas internet