Unprecedented move the u. S. State department indicts venezuelas president Nicolas Maduro on allegations of Drug Trafficking there are also reward money is being offered were going to discuss all right its time to boost your news i q. Hard coded 1000 again dominating headlines with now a 170 countries and territories reporting new cases here are the latest numbers worldwide there are now more than 500000 confirmed cases and more than 22000 deaths and right here stateside confirmed cases now top 74000. 00 and deaths related to the virus just over 1000. 00 and here in washington after days of debate republicans and democrats came together to pass the largest ever stimulus package for americans in. Patted by the coronavirus shutdown the bill is now headed to the house and President Trump has already promised his signature archys Rachel Blevins is joining us live with a breakdown of whats in this bill rachel well manella 1 the senates 11th hour vote is being called historic after the democrats the republicans who have disagreed strongly on this 2 trillion dollars stimulus package passed it with unanimous support Late Wednesday night President Trump who has already promised his support took to twitter where he wrote 96. 00 to 0 in the United States senate congratulations america as part of the stimulus package americans with an annual income of less than 75000. 00 will be eligible for 1200. 00 and rebate checks married couples will get 2400. 00 and families will get 500. 00 per child that amount decreases for individuals who make over 75000. 00 and if your annual income as an individual is over 99000 then you dont qualify it all americans are already feeling the impact of the coronavirus shut down and unemployment claims in the u. S. Have hit a record 3300000 in the last week hours before the deal passed Senate Republicans criticized it for being too generous with Unemployment Benefits but they later relented and agreed to the terms the package they pass addresses a crisis by giving unemployed workers 600 dollars per week for up to 4 months on top of the state benefits they already received they would also get an additional 13 weeks of Unemployment Benefits that deal 6 to create a Pandemic Unemployment Assistance Program for those who have lost hours and wages due to the shutdown but dont qualify for traditional benefits now the package also makes independent contractors and part time workers eligible for federal benefits over lost wages and it offers Small Businesses 3 150000000000. 00 in forgivable loans the Health Care Industry has also been hit hard by the coronavirus pandemic with states across the country reporting shortages of surgical masks ventilators and other. Supplies while Senate Democrats initially criticized republicans for being too cheap with their proposal for aid the final number they agreed on is now above 100000000000. 00 the deal creates a fund for rio to reimburse hospitals doctors nurses and providers impacted by the coronavirus pandemic it also lemonades more than 8000000000. 00 in scheduled payment reductions to hospitals treating uninsured patients and it boosts reimbursement for facilities treating medicare patients diagnosed with the coronavirus by 20 percent we have also seen ongoing criticism for the deals that tend to take care of Corporate America and develop Companies Like boeing which has lost billions after its negligence resulted in the death of 346. 00 people the deal comes with a 500000000000. 00 Lending Program that is meant to bring relief to the Industries Hit hardest by the coronavirus pandemic it also includes rules banning stock buybacks by companies receiving aid and banning elected officials and their immediate families from receiving aid it also sets aside 17000000. 00 for companies the government sees as crucial to National Security a list boeing would be included on now the largest economic stimulus package in u. S. History is now headed to the house where a vote is set for friday morning while it is likely to pass it has received heavy criticism from representatives who argue that the tax should have been made public before last night and thats the government is still not handling this crisis in the most effective way reporting in the newsroom Rachel Blevins archie. The housing crisis of 2008 saw a millions of homes go underwater in a selfinflicted wound that took years to building up in a bubble back then it was a combination of eager buyers and lenders who were into starting of who could get a home loan now its taken the country the better part of 10 years to recover from that crisis and now americans. Are facing a new threat to their homes code at 19 with lessons from 2008 in mind local governments are taking drastic measures to prevent another housing crash so joining us to discuss realtor and a state director at Compass Real Estate group naomi klein is here they only thanks for being with us and sharing your expertise so the question on everybodys mind i think is will the coronavirus push us into another housing crisis like 2008 and what are the trends looking like where youre at. I know thank you so much for having me yes i do think that the coronavirus will push us in the Housing Market but i dont think it will be anywhere near 2008 and the reason for that is because we had so many sub prime lenders and the banks as well as. Fires have learned their lesson you have a lot of homeowners that have equity in their home upwards of 203040 percent so there is going to be no rush to tell unless youve gone from a 2 to one income and its nats the change because of some of the mortgage forgiveness or. Sellers will not have to sell in any type of fire sale theyll have from. Time to work in that its not rushed ok so thats some good news for people and especially in california where in year out governor gavin newsom has asked the 5 biggest banks to suspend mortgage payments for a while at least until we get a clearer picture of how this virus shakes out how might this impact your industry especially since Mortgage Loan applications took a sharp decline over the past week of like 30 percent. Right yes so what we need to look at statistically there is active you get of march ones went up 220 percent so with them going down 30 percent thats actually a good thing because its getting the banks a lit. A bit of time to now have time to process those those broker ngukurr just says and for a refinance so theyre still up 190 percent just a few weeks and should be Interest Rate is around 3 percent if the banks werent overloaded with all of the retries the new purchase. Loan applications so once those loan applications decrease a little bit and the banks have a little bit more time to process i believe youll see the Interest Rates go down perhaps to 3 percent again thats great news for briars and then as far as sellers with the barents its great everyone just needs to catch their breath right now not have you know sharp moves either way speak to your professional while theyre running actual or real estate oriented and see what the best path been suggest for you as a home buyer or as a seller there and there are definitely a lot of possibilities and alternatives that are available for briars and sellers and naomi real estate is a very in person business theres a lot of close contact youre also going into peoples homes who you dont know so since the outbreak began and social distancing became the new norm how are realtors kind of altering their daily mode of operation to accommodate the c. D. C. Health guidelines. So we are definitely pivoting and that includes a lot based time and virtual showings so we will go into a house with that being whether the owners you know take a walk outside that there are questions that we ask them have they traveled to any of the affected areas have they been tested are they experiencing any of the symptoms. You know is showing and from there we asked them to turn on. All the lights to unlock the door or literally in the car while theyre doing that so that theres theres no downtime there and we will do a nice time showing with a prior while the technology has to come in here to help with all of this obviously so after all this is over and the curve has been flattened do you think the Real Estate Interest industry will see a permanent shift or any major impacts from coronavirus like you said such as these video showing. Yes i do i think the good news is that human nature i feel has short term memory which is great will definitely be and i often say this is the time this is our. Moment that our grandparents you know parents felt as though well never forget it but we will be able to move on and i think were going to practice social distancing for a while but maybe not as severe as we are right now i think that show homes are going to continue i think the biggest question mark in the forbearance and the mortgage is the people i mean i think were already at 3300000 people for unemployment so you know that thats going to be significant and with the Mortgage Companies doing a lot of parents its not a good good nests not pay so you dont know what the terms are are they going to tack on those humans at the end of the job or are they going you know increase your rate after in 1000. 00 holdouts hold. So i think youre going to see some sale coming up in 6 months but theyre going to have time to sell because of that that flexibility that the banks are giving them all right naomi klein of Compass Real Estate group we got to leave it right there thank you for all that sound advice. Thank you manila. And over in new york the crew. Virus pandemic is being described as worse the 911 hospitals there are 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 arties trying to be chavez brings us the latest developments. Today hospitals in new york struggling under the weight of the pandemic carol biblical. Like you do know. People come in they get into bed it 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 its every day its nonstop literally and. Unfortunately its my get to see question you have to pick and choose what youre going to do how youre going to do it as medical staff operates out there limit hundreds of more people wait lining up outside to get tested for coated 19 but Officials Say the 545 bed hospital is overrun and in desperate need of medical supplies the systems overwhelmed all over the place the shortage of safety gear out one New York Hospital so dire nurses have resorted to wearing trash bags the situation in new york worsening by the hour the state accounting for roughly half the cases across the country this grim video shows teams setting up a makeshift morgue outside of Bellevue Hospital something that was done during Hurricane Sandy and 911911 was nothing compared to this we were open waiting for patients to kabul never came. Ok now they just keep coming however a small sign of hope Governor Cuomo announcing that for the past few days the rate of hospitalizations is slowing although he cautions that the peak of the crisis could still be about 20 days away. They closed the schools we closed the gathering. We brought in testing and we have dramatically slowed the increase the governor adds that while only about 15 percent of cases have required hospitalisation the state anticipates 140000. 00 people will need to be hospitalized warning that he does not have enough beds or lifesaving ventilators so thats our greatest unloads is the apex and when is that going to happen again that is a projection again that moves around but the current projection is that could be in 21 days so ramp up the Hospital Capacity to make to be able to handle that apex volume and as medical personnel remain on the front lines we are learning that a member of mt sinai is nursing staff who has been treating coronavirus patients has passed away from co the 19 the hospital saying in a Statement Today we lost another hero a compassionate colleague friend and selfless caregiver meantime the Hospital System initiating a procedure called plasmapheresis where they transfer antibodies from patients who have recovered from co the 19 to those who are critically ill from the virus the procedure could be life saving reporting in new york Trinity Chavez r. T. Right lots more news to come stay tuned well be right back after this. Im going to fulfill the repeated purposes oh politics to the people and promise to be you know weve all pots be. Pretty. Pretty good. Now you want to work. No. Big. Coming coming coming up. The stock market i could imagine trading in a 1000 again on the dow and that would be an appropriate level given the true underlying economic factors the bond market Interest Rate should be 45 percent in the in the 30 day Interest Rate ok that would mean bonds would be down 506070 percent but thats thats separate thats return to normal valuation and thats what we need right. Now is to show seemed wrong when all rolls just dont hold. Any new low but yet to see how it does they become active. And engaged equals betrayal. When so many find themselves worlds apart we choose to look for common ground. My. Friend as well and president Nicolas Maduro and more than a dozen other venezuelan officials have been indicted by the u. S. For charges in narco terrorism and cocaine trafficking conspiracy were not acting as the worlds policemen were acting as policeman people who are obligated to protect the American People the announcement came today from u. S. Attorney general bill barr and the head of the dea with the charges contained in separate indictments in New York Miami and washington now the move ramps up the latest move against a country thats already struggling economically as it faces the dire consequences of the coronavirus pandemic so joining us now to break it all down miguel teams arsalan hes author and professor of latin American History at Pomona College professor thank you for being with us so 1st the indictment of a head of state is unprecedented the state department is now offering a reward of Something Like 15000000. 00 for information leading to the capture of president mother little can the state Department Just sort of put a price on the head of state like that. Well its obvious that this administration feels that it can do whatever it wants the fact that bill barr has to start his conference by saying we are not the policemen of the world in fact speaks of the fact that this action is highly political and really reinforces the notion of the us as an imperial power able to dictate policy able to order the arrest of World Leaders heads of states as it wishes if it really was interested in dealing with drug issues it would actually look at some of its closest allies in latin america in all due to us one would love to have done this whose brother was indicted and found guilty and in new york courts for actually Drug Trafficking has also been implicated in Drug Trafficking so have many other political leaders in the region including leverage in colombia so this is very much a clearly a political more moment a cruel inhuman action at a time in which the country is reeling not only from the pen demick but also from low prices for oil and also dramatic shortages created in part by the sanctions imposed by both the Obama Administration and now the Trump Administration and what you brought up the sanctions because the the u. S. Sanctions against countries like venezuela we know its nothing new this is a tactic the u. S. Has used on many states but how effective are these sanctions because according to a report for us from back in march 12th by the Congressional Research service they say quote broader u. S. Sanctions adopted since 27000 have yet to compel model to leave Office Despite the countrys increasingly dire Economic Situation they have also provided a scapegoat on which mother at all has blamed the countrys economic problems so what do you say to that. Well i think theyre correct i think the government needs to look at his old Congressional Research council and accept the fact that sanctions wherever theyve been applied where they were applied to cuba for 50 years did not effect regime change where they bit apply. To iran for over a decade have not affected regime change and the same thing in business when what sanctions do however is wo