A state of emergency for tokyo and 6 other prefectures as early as tuesday. We have from experts that the government should prepare for a state of Emergency Declaration i want to huge scale never before seen night we have decided to give them internet konami measures one of 108 trillion yen one trillion us dollars which is equivalent to 20 percent of japans g. D. P. When japans Health Ministry house confirmed more than 3600. 00 cases including 84. 00 deaths china cautiously opening back up as a large crowds began to fill popular tourist sites in major Cities Health authorities are warning the risk remains on monday the National Health commission reported 78 new asymptomatic cases confirmed on sunday thats almost double compared to saturdays 47 infections the surge poses a threat to hunt china the epicenter of the virus. That is supposed to allow people to freely leave their homes on april 8th the 1st time in nearly 2 months now over to australia where police have launched a criminal investigation into the docking of cruise ship ruby princess the passengers were allowed to disembark in sydney this despite some exhibiting flulike symptoms more than 600 people on board that ship later tested positive and 10 have died so far in the middle east iran is the worst country hit with the pandemic while its still struggling to contain the virus on monday Foreign Ministry spokesman told journalists that iran will not seek assistance from the u. S. To battle the coded 1000. 00 pandemic. Look we have no media and will not make any request to the United States of america to send medical and Health Assistance to the Islamic Republic of iran it is not our policy to request help from the statesmen of the american regime what they are seeking and have revealed as well is to keep iran in this difficult situation and predicament so they can take advantage of it until the iranian nation is worn out and desperate and goes to the negotiating table the countrys Health Ministry said 136. 00 have been reported in just 24 hours bringing the total death toll to 3739. 00 with more than 60500 confirmed cases meanwhile in europe britains Prime MinisterBoris Johnson remains hospitalized for observation after complications from the coronavirus he is now in intensive care due to a high fever recommended by doctors the u. K. Recorded more than 5300 deaths and more than 52000 confirmed cases on sunday spain saw both the smallest increase in death toll in 90 days and the smallest increase in the new number of infections this was since the start of the outbreak the country that toll is more than 13000. 00 with more than 135000 cases which is only thakin to the United States the country still. Today with the most infections of the u. S. Has more than 352000 cases and more than 10000 people have died Health Officials are warning things will get much worse the u. S. Surgeon general jerome adams said the week will be the hardest and the saddest for americans he even compared it to pearl harbor and 911 this while President Trump said that we dont have enough time to wait for a vaccine. Thats one of the things with the vaccine when we have a vaccine we have to do tests because when you inject their vaccine when they take whatever ever it is they have to take we have to make sure does it have a horrible impact destroy somebody could so we have to test it for a long period of time this one not so much because its been out there now im not acting as a doctor im saying do what you want but there are some good surgeons on new York New Jersey michigan illinois and louisiana all hotspots where numbers are surging as governors across the country think cares about elaters ever more numbers and information on the chrono virus be sure to check out our portable dot tv app and look for the section tracking chrono virus. For a Market Analysis lets turn to boom bust cohost Christine Christie how are the markets this monday. Well sarah u. S. Equities jumped monday gaining over 6 percent as the number of new coronavirus case in the u. S. Appeared to slow down well it is still too early to determine a lasting trend there are signs of stabilization and hostile rates which helped to lift sentiment and some of the most batter names are getting a live today with Carnival Cruise lines up over 25 percent as Saudi Arabia Sovereign Wealth Fund revealed that it has built up an 8. 2 percent stake in the Company Analysts continue to upgrade names such as tesla on e bay on the hopes that the rebound this time is for real however j. P. Morgans jamie dimon issue a note of warning saying that he expects the crown a virus to include a bad recession with elements of financial strain similar to that of the 2008 downturn j. P. N. Dividend may also be suspended in order to preserve capital and that was a message that shocked the entire industry citibank likewise also warned that Global Corporate earnings could fall by 50 percent in 2020 and that stock prices have further room to drop to reflect the likely profit decline so while we are getting some relief today. In might still be too early china which has started to reopen the economy after nouns in victory against its battle with corona virus might be falling back into another cycle in his rush to restart the economy another cluster has emerged as china reported 39 new cases as of sunday from 30 a day earlier so it does appear that the disease is reestablishing itself yet again and that round 2 of the pandemic may just be Getting Started or oil prices however fell monday by 6 percent despite sources claiming that moscow and riyadh were quote very close to an oil deal to reduce output now this deal brokered by President Trump would finally bring much needed stability to the oil markets where they would cut production by up to 15000000 barrels the market was expecting a meeting to be announced on monday but tensions between the parties have escalated yet again and that has been pushed out and delayed now until thursday we hinted last friday that this oil deal might not be so straightforward and that the u. S. Will also have to give up something in return saudis oil minister on sunday mentioned that it will need the support from produces outside of opec plus specifically citing the u. S. Canada and norway so it seems like it will be our all in or nothing type deal russia and saudi arabia will need u. S. Participation in some shape or form to cut production along with them well thank you kristie for that abba are we want to bring in peter schiff c. E. O. Of Euro Pacific Capital now peter i want to start by asking you are we starting to see a turning point as christi pointed out in the market as we get better data out of the krona virus death now has all the news now been priced at and do we have a bottom now. Well i tend to doubt it you know too many people are focused on the pin and ignoring the bubble that the pinprick you know before the covert 19 shut down the u. S. Economy was long overdue for a severe recession and the us stock market was long overdue for a bear market so i think that coke would virus simply accelerated the onset of both and so all thats going to happen is that were going to return to a recession and a bear market so i would not get excited about this rally i think we still have a long way to go on the down side and the economy i think is going to be even worse well chrystia your thought some people even comparing this not only now to the 2000 it recession but to the Great Depression that we havent seen and our lifetimes kristie your thoughts. Yes i agree with peter on that that this is not the end this is not the balance and we still have a long way to fall because i think earning power along with the fall we still have massive unemployment tail tail from this entire coronavirus epidemic and were nowhere near the bottom line of the. Previous 2600 so right now its been proven that 2600 as it tries to attempt to gain support level or and it out michel long term bottom this really has been a roller coaster in the past couple of weeks one day its down the next its up i mean and im sure there is theres more to come as you both have said now peter on friday the p. P. P. Program the president signed into law it was gradually rolled out but what has been the response to this matter. Well i mean as you would expect a lot of people are trying to line up for whatever free money the government is handing out but of course its not free there is going to be a heavy price to be paid in terms of the loss of purchasing power of the u. S. Dollar as prices respond to all the new money being created by going off plus of course these programs are doing far more harm than good amount even if theyre doing any good but what they are doing is they are exacerbating the downturn and they are going to push the recovery off even further into the future because the government is basically encouraging businesses that should be downsizing and kind of adjusting their cost structure to the new reality instead the government is encouraging them to hold onto employees that they would be better off letting go and freeing up to do Something Else instead theyre going to keep some employees entrenched in companies that are probably going to end up failing because they refuse to lay off people and so instead theyre going to have to lay off even more people later and i think a lot of these loans are never going to be repaid because even the people that dont fire their workers a lot of these businesses are going to go out of business because they didnt fire their workers and then everybody is going to be out of. Job and the governments are going to get any money back because the loans have no security and theres no personal guarantee well thats thats been a big issue here also the repayment of these loans and whether or not these Companies Like you said will actually be able to pay for them especially with the rehiring of these employees without letting them go kristie i want to ask you fed board as saying has said that this basically jobs will come back and that the markets will come back as well as soon as the coronavirus and theres no timeline set to that will these jobs even come back. Well it is likely that the jobs will eventually come back but as we said previously we dont expect its been shaped recovery as so many analysts are so optimistic about simply because there is such a long tail with the coronavirus and we have to back and forth between a very heavy supply shock wave which weve seen in china already and then we coupled that with the demand shock right now from lack of consumption if people dont have jobs they dont have personal income that they dont have disposable income to spend and on consumption and services etc so it becomes a very strong back and forth the balancing between the 2 and so that makes the tail of the darkling virus very very long lasting long lasting indeed as you said earlier that china could be seeing a repeat of a 2nd cycle which is something that dr fauci has said time and time again and warned the United States and the world of but peter i want to talk about cold its up over 3 percent today well equities are soaring now usually interesting because investors are either risk on or risk but today it looks like to be a risk on type of day and testers are buying equities and theyre offering up some bonds but why is gold still up. Well i do the risk is inflation the only thing thats propping up the stock market is the fed and other Central Banks printing money which is creating inflation so you dont have earnings going for the stock market all you have is all the cheap money thats being created and inflation is much better for gold than it is for the stock market and so thats why both stocks are in gold. Going up but i think eventually gold is going to be going up much more than the stock market and i think gold is going to be going up even as the stock market rolled over and goes down so i think in terms of gold stock prices are going to continue to fall in fact theyre going to fall precipitously regardless of what happens to nominal stock prices because of the massive inflation being unleashed by the fed and other Central Banks well christine we have about a minute left but i do want to get this last question and things are looking better today but will we be getting another relief bill it may even take months before people get their checks are you thinking there will be a 2nd. Well right now it looks like good news is bad news because the entire narrative is that you dont want the dana to be too good because then you risk losing out on this 4th stimulus package because right now we have this kind of wait and see mentality however pelosi is heavily pushing for a 4th stimulus package to come in as early as this month in april however we need to figure out the strength of the Unemployment Benefits and the 2nd round of direct payments that could potentially be offered up to assist these Small Businesses as a lot of them have been excluded from the 1st round such as the Postal Service such as farmers and this also comes as a Record Number of Americans Last week just for unemployment 6600000 and thats a huge number that we now have to deal with so there is potential for stimulus package but it may not be as robust as weve seen and its a record breaking number that were seeing of unemployment hopefully we can come up with some sort of solution before its too late peter schiff c. E. O. Of Euro Pacific Capital and boom bust cohost christy i thank you for your time. Time now for a quick break but hang here because when we return bankrupt hospitals are back in demand to help fight the coven 1000 pandemic plus will explain and why many businesses and School Systems are now opting out of using the zoom back now as we got a break here the numbers after. As a slight edge of survival that stacy learned of the outfield lets say on the troika. Of the fight well street thank you for help they. Destroy. Slavery. I dont trust medical authority at all ever and the reason for that is i had this horrible water mean disorder growing up and it turns out it was completely alleviated with very drastic dietary measures and i went to a number of doctors to discuss what happened to me and i was basically laughed at like diet has nothing to do with autoimmune disorders so my suggestion to people who have Health Issues they cant figure out if theyre going to see a medical professional and theyve been going for 10 years and theyre still in the same place they should probably take it upon themselves to Start Testing things out testing out diet testing out exercise and try and figure out things on their own. Boobs will move. Move. Move move. Move move move. Move. Move. Move. Sure didnt look beautiful there the media since the good thing or a good. Move slow most of these girls were good youve gone through good girls. Dont go to shows so look i do the same you want me to show the story you 2 should go. To starts to give it to me to do it with a little of the mystery then see the good news its. Just not too since just new to me its been my strong. Suit to present it to its control is going to. Be of interest to those in the story to sniff them what to do it because that is the girls who. Are your supporters to go shoot station shouldnt throw you should go to the one whos your do this to. The ballooning number of coronavirus cases is putting bankrupt hospitals back to work all the facilities are needed to provide more care to the growing number of patients and an infusion of state and federal money is helping to make that possible legal journalist molly barrows joins us now with more molly thank you for joining us today now i want to i want to say these these are hospitals are actually helping these people are coming back to opening but they were already struggling before this which which actually is very interesting theyve been struggling before the crisis even began but its good to know that they are trying to help the already close hospitals and putting them back in business as more nurses and Health Care Providers are needed to come back at this. Pandemic now the state and federal dollars molly thank you for joining us today with the state and federal dollars who are helping to put these hospitals back in business but i want to start with whats even going on with these struggling hospitals and in some cases even ones that were already closed. Well basically theyre being commandeered to be put back into action because theyre having such high numbers of patients and they need places to treat them you know you see whats happening in new york city where theyve had to open the Convention Center well especially in rural places theres a hospital in Washington State for example or state officials have stepped in it was already closed and a federal judge approved a lease basically between the state Health Department and the debtors the creditors to reopen this this hospital that was already closed in order to be able to treat these patients so thats one example youve got another hospital in los angeles where the billionaire owner of the l. A. Times is working to get this hospital reopened as well i think theyre one step closer to doing that too you know and its a bigger commentary really about the struggle that especially rule hospitals have faced with declining Revenue Streams