A packed show for you today so lets go to. The Global Pandemic toll now more than 101500 more than 1600000 confirmed cases of the coronavirus now as that number of new infections slows down and italy one of the worst hit countries is the leaning toward extending the lock down to early may this is to help ease that spread of the corona virus britains Prime MinisterBoris Johnson was moved out of the intensive care but he remains hospitalized for treatment of the coven 19 a spokesman said that he remains and good spirits well the u. K. Is actually considering a strategy to end the lock down that would allow young adults to be the 1st to resume their normal everyday lives meanwhile in spain the country saw a decrease in its numbers on friday the country reported. 605 deaths a 17 day low but in sweden they are refusing at to lock down still restaurants and bars remain open sweden is following what were calling the herd immunity theyre letting people contract the virus essentially while only protecting the most vulnerable the nordic country has more than 9600 factions and 870 deaths meanwhile the United States with nearly 500000 infections sees a fate glimmer of hope as fewer new cases are appearing still the death toll continues to surge to more than 800000 new york state alone reported 800 deaths in just one day director of the National Institute of allergy and Infectious DiseasesDr Anthony Fauci said that antibody tests could be available pretty soon within a period of a week or so were going to have a rather large number of tests that are available in the u. S. Unemployment rate is reaching record lows while record highs that is while President Donald Trump said he expects a big bounce on the economy and one he claims were already seeing in the stock market we passed the largest emergency Economic Relief package in American History to save the u. S. Economy and protect the American Worker as you know this past week which was for active days of the stock market good friday today is not is not included the markets are closed in 4 days we had the biggest market increase stock market increase that weve had in 50 years that tells you that theres a pent up demand that tells you they want to get back is something good going to happen i really believe that theres something very good going to happen we have to get back. For more numbers and information on the crown of iris be sure to check out our purple dot tv app and look for the section at tracking coronavirus and were going to bring in the much cohost christine to tell us more about the state of the markets and the Global Economy kristie are we looking this friday. Markets are closed in observance for good friday as we end one of the best weeks in the dow since 2008 however j. P. Morgan economist cut their 2nd quarter forecast even more now expect a decline of 40 percent and unemployment is expected to surge again in april to 20 percent as the current virus has a long tail now 2 big tech names are making headlines today apple and google who announced a partnership to their smartphone platforms are alerting users if theyve come into contact with a person with kovan 19 also known as contact tracking the apple trace the location of infected persons and all of those that he comes into contact with it is said that this is an opt in system but it has the potential to monitor about a 3rd of the worlds population to an even higher degree than they are now it is highly controversial and dangerous as it is involves sharing Sensitive Health information and location monitoring which raises huge privacy concerns and opens the door for further digital tracking and surveillance now over on the oil front things are still uncertain as opec and its allies failed to comprehensibly secure a deal on thursday after mexico abruptly just left the conversation the deal to cut roughly 10 percent of Global Supply will not take place unless the Broader Alliance also receives their consent while this cut is larger than any deal opec plus has ever agreed to before analysts are concerned its too little too late to prop up prices with the market already flooded with crude and trading down 63 percent since january. Thank you kristie but now i want to bring on the university of Miami Business School john quality thank you for joining us today john now i want to start by asking you this 1st question when coronavirus started now we had anticipated that this would be cleared up by summertime much like we saw during the sars epidemic and that we would get a rebound on travel Consumer Spending all of the above now but it has been pushed back once again what are the repercussions of a now even more delayed recovery and how much longer can businesses afford to even stay closed. Well youre right kristie there was a hope that there would be a rebound in the summer months in fact. The j. P. Morgan forecast that you refer to actually forecasts a 19 percent g. D. P. Rebound in the 3rd quarter at a 12 percent rebound in the 4th quarter so even with the reversion downwards in the 2nd quarter from 25 to 40 percent theres still a high degree of optimism that the reliable test kits will be in place that theyll be body tests in place and that on a selective basis there will be a return to work and potentially the opening of schools after labor day but a lot a lot depends of course on the trajectory in each part of the country all of the of and we need to see evidence of that curve peaking and be able to confidently send folks back to work without risk of a 2nd wave before we can get the economy up to speed again right and i think ill as weve all been told a lot still remains unclear about how this virus actually works and whether or not it will be cyclical weve heard that it will be we dont know that it wont now even with the with warmer weather is what theyre saying that theres not enough evidence to to say that it will. Much like sars did but kristie let me ask you this one group that is suffering extreme hardships is once again the farmers and the Agriculture Sector here in the United States and all over the world really we spoke about spain earlier this week whats happening on that front. Well the Agriculture Sector in america never really recovered ever since the trade war that they suffer massive losses from last year and now we see billions of dollars of food going to waste especially in areas such as california and florida the warmer bread bowls of the u. S. Theyre facing massive surpluses and perishable items farmers are now dumping fresh milk and plowing the vegetables back into the dirt as the shut down and Food Service Industry has scrambled the entire chain supply roughly half of the food grown in the u. S. Was pretty destined for restaurants schools stadiums being part and crucial is also a very big part of that now the overall impact could be up to 1300000000. 00 in farm losses alone this season and retailer cannot absorb it so you know with the increased demand in the supermarket that is not enough to offset all of the wholesale supplies so farmers are now collaborating and trying to find ways to fill the gaps in the supply chain offering a lot of direct to consumer produce box services in the region where they can Service Delivery one brother spoke just hours ago earlier today also talking about the farmers and how and they had been hurt like you mentioned kristie already from the trade war with the he was going to do everything he could to help the farmers and that tech there as well hopefully it doesnt come to a supply chain were now there will be a lack of food for the world but that would be a much more difficult problem but john i want to ask it seems like all of these major sectors of the economy are are not spared during this pandemic when we talk about Manufacturing Energy airlines leisure all of these sectors actually account for more than half of all of the g. D. P. Output in the United States whats left really to hold the markets up. Well health care of course is. Around about 20 percent of u. S. G. D. P. Theres also no question about government workers being furloughed obviously the federal government and state governments will back up those full time employees so theyll still have their paychecks Grocery Retail obviously strong as christi said one of the interesting things is that the the supply chain for Grocery Retail is totally different from the supply chain for food service and thats why this produce in florida and california cannot be easily migrated across into Grocery Retail and then finally i would mention high tech obviously Companies Like zoom citrix Amazon Companies that are supplying High Technology services that facilitate Remote Workers being in touch with each other these sectors also incidentally very buoyant at the moment where were definitely going to need to see some recoveries from some other sector given how much all these other sectors are struggling much like you said these tech giants and that are in the United States that can hopefully keep the market up at least thats what were seeing for this week and high hopes but we dont even know if weve hit the bottom yet or if where well go from here thank you boom bust cohost christine and john quotes dean of the university of Miami Business School. Thank you. Markets are up worldwide as hope continues that the curve is finally flattening at all the possibility of ever prevail in the oil war between thaw eurabia and russia lets start in moscow where the molex is up for the week overall after we saw 8th bike on. Thursday as oil prices soared this was due to opec talks as leaders from russia saudi arabia and the United States all attempt to recover from the big decline in oil prices thursday it was one of the best days for the ruble in recent memory now moving into asian markets starting in shanghai the composite had a good week but it was pushed down on friday dropping by more than one percent data released friday showed inflation in china rising the Consumer Price index rose 4. 3 percent year over year this was actually less than the expected increase of 4. 8 percent in japan the nikkei 225 had a great week gaining nearly 10 percent the index again at nearly one percent on friday alone and over to hong kong where the hong saying also a solid week posting big gains hong kong on wednesday and more than 17000000000. 00 of stimulus measures to help businesses and citizens affected by the outbreak well hong kong markets were closed friday for the holiday but they did see a gain of more than one percent on thursday when moving to india markets also up for the week you guessed it this comes as india discusses a 2nd stimulus package worth roughly 13000000000. 00 rising to more than 4 percent on thursday alone now over to australia where the a. S. X. 200. 00 also up with a strong finish gaining more than 3 percent to close out just on thursday the Banking Sector saw some positive movement led by Commonwealth Bank of australia and westpac and in south africa the all shares also witnessed big gains throughout the week but there isnt much confidence indexes 30 day volatility hit a record just above 70 now lets move over to europe as we start to get into the western markets here the u. K. The foot sea now france cac and the german dax all had a great week all up on thursday as the European Union agreed to a 500000000000 euro bailout package to help those affected by the virus stimulus. From the fed also helped gain some confidence in the region now moving across the atlantic over to brazil where the evo best buy is also up on the week now closing thursday very strongly into the Holiday Weekend the brazilian real posted one of its best weeks in 4 years this is after plunging to a record low just about a month ago or oil producer potoroo saw more than a 15 percent gain on the week now having north to mexico where the b. M. V. Also up on the week with some gains now were not seeing quite as big of gains that were seeing across other markets throughout the world but still and did on green and then moving over here to the United States where all major indices are the dow the s. And p. And the nasty egg all an overall green arrow for the New York Stock Exchange despite the dismal job numbers of almost nearly 17000000 americans applying for unemployment more stimulus measures from the fed kept markets going up right into the Holiday Weekend the question now becomes have we hit the bottom or will this volatility continue the volatility weve seen in recent weeks and even months will finally up into toronto where the t s x composite is not just up for the week it posted its best week in more than a decade after this positive week all markets are closely looking at the u. S. As unemployment data as this could bring more volatility to the markets and that is your Global Market walk. Time now for a quick break but hang here because when we return the state of the internet and whether or not government should protect access as a utility during the pandemic well talk about that boom bust is back in just a moment. Join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics Small Business im showbusiness ill see that. The slogan see the blood of them so much. Good your local was before. Much of those who heard its a very few other movies to see him with the north we will. Move the folk move when its. All show you that look beautiful live i mean its been a look or a good. Movie muslim also these girls will review films for good girls. Go to shuls a look but look you just seem you belong here to show your story to you should go. To startups to. Get to meet until it was a little missed lets see a look it is its. Just ashton understand just new its the mashed old truck stop the president on please control this project until. We have produced a ghost whisperer to snap them up when you look as good as the girls with you swear your supporters to your machine station shouldnt feel you should cook door for one whose deal does the. I. Know here on boom bust weve discussed how the internet is seeing a lot of traffic these days given the billions of people across the globe that are now working from home more and more arguments on whether or not the internet should be a public utility well for this we bring in Team Coverage to discuss the argument from a global standpoint to a domestic one and then into analysis r. T. Correspondents john hardy and fair and from that angle best cohost and investigative journalist Ben Swan John i want to start with you at an International Level lets look at the United NationsHuman Rights Council when 2016 issued a resolution they were declaring the internet a human right access to the internet was a human right john which countries are actually allowing for free life i service. You know this is this is a fascinating segment because 1st as you mentioned the un added a section to article 19 of the universal declaration of human rights in 2016 reading in part that quote everyone has the right to freedom of opinion and expression this right includes freedom to hold opinions without interference and to see receive and impact information and ideas through any media and regardless of frontiers and that includes the promotion the protection of enjoyment of human rights on the internet so as we know that look there are countries that control the internet that have total control of the and then are basically able to shut it down restrict access to it and also output notably what comes to mind of course north korea saudi arabia china syria iran among others but there are many more countries there are also the countries including several in Eastern Europe that allow Free Internet access free wifi lithuania which is where my ancestors are from so shout out to lithuania lithuania and crow. A shia really come to mind as having some of the best fastest Free Wifi Service in the world other countries include a stone you know in whats called stoney of which has been described as one of the more advanced east societies in the world giving people free wifi at parks and public spaces public squares even for us so its really an advanced country when it comes to that ireland also has invested heavily in its internet and wife i services over the last few years and whats called the National Broadband plan bringing the internet bringing Broadband Services to more than a 1000000 people and areas where service was really limited until the last couple years when ireland made this National BroadbandInternet Access push so look the bottom line is the u. S. Can definitely learn a lot from how these countries have essentially focused on the internet