Its time for western got worse i was having children fever i didnt have any sense of say source now im in the most you know and the world would you. Recently she was under the orders you to. That was simon is on the ground 0 for research. I have to. Push myself how close are they for me in the 5 days im going to. Go. This is the one business show you cant afford to miss friendship or in washington coming up i could go to the wood to come to get in so many dotty and national you need to come from this pond and meek as the pandemic continues to take a toll on Global Health and well the w. H. O. Is calling for unity to combat the cold but 19 outbreak straight ahead we break down the global numbers and how International Markets are reacting plus boeing is back in the headlines after scrapping a joint venture with temporary we bring you a live report on the Aerospace Giants latest move and Oil Continues to sink as storage nears capacity amid the massive decline in demand we take a look at the petro sector and what lies ahead for energy we have a packed show today so lets dive right in. As the worldwide total of corona virus cases has officially clips to 3000000. 00 the World Health Organizations director general on monday addressed the easing of lock downs in europe due to the klein new cases on the continent. The new hope is was declining numbers of new cases we continue to countries to find isolate test and treat all cases and travis. These declining trends continue. But the pundit mickeys far from over w. H. O. Warned that while western europe may be seeing declining numbers there is a concerning upward trend in africa Eastern Europe latin america and some asian nations the director general also spoke about the importance of the world coming together to fight this and future pandemics i continue to call in for the wu to come to give the audience only dottie and National Unity to come from this pond and meek but also to prevent the next one and to build safe and a fairer would for everyone everywhere. United the virus we exploit the cracks between us and continue to create havoc. Lives will be lost and even life is very precious and as were seeing more governments prepare plans to use these lockdowns lets take another global look at the spread of the crow virus with our teeth correspondent side cabbage or so where are we today so brian numerous countries around the world are actually in the beginning stages of managing the Virus Outbreak now that doesnt obviously mean that people arent getting in fact that it just means that several countries are slowing the rate of infection out take a look at countries like a u. S. U. K. Spain italy Germany China and france now theyre all slowing their rate of infection which means theyre actually the trends are flattening on the curve and my flattening the curve means in other words preventing and delaying the spread of the virus so that large portions of the population arent actually sick at the same time so all in all the very good news brown you know as were seeing some of this flattening of the curve as they say what are some of the actions governments are taking to ease some restrictions reopen economies so here in the u. S. Americans are showing signs of quarantine fatigue which basically means that americans are venturing out of their homes more of war the 1st time since social distancing guidelines were put in place in mid march and with more than 5055000 deaths and almost 1000000 confirmed cases some states are already planning to ease some sort of restrictions like for example a georgia the fastest state to ease restrictions is already has allowed hair and nail salons small shops and gyms to reopen last week and today people in tennessee will be allowed to dine out of restaurants for the 1st time and. Missouri is planning to allow almost every business to open next week now new york has also laid out a plan for a gradual reopening of low risk business a starting in mid may then looking globally there are spain the European Countries with the highest number of deaths after italy which reported its lowest death toll in nearly 5 weeks on sunday and then at that same day on sunday children were able to actually go outside for the 1st time in 6 weeks and then we have switzerland where beauty salons open up their doors today and shops are actually selling for the 1st time other things other than food then we have a neighboring country germany and theyre also gradually easing some restrictions with playgrounds said to open later this week and theyve also made face masks mandatory in shops and Public Transportation and theyre giving out fines between 2510000 euros if violated then we have the u. K. Where Prime MinisterBoris Johnson is back at work today after recovering from the virus where he announced u. K. s lockdown would actually remain in place and reviewed at a later time by may a 7th and italy has recorded their low with a daily death toll in 2 weeks and people are now allowed to actually move around their regions but not between different regions for example if you live in rome you still cannot visit relatives or friends in the milan but you could go ahead and mentor of between roma the city that you live in and italys also considering restriction commercial flights from other countries into italy but thats still not decided on but salons bars and restaurants are expected to be open starting june 1st and thats pretty significant considering that italy had some of the strict this lockdown in order to contain the virus and lastly brand argentina which has been under a not. The lockdown since march 20th and with over 192. 00 deaths already has closed its borders and blog entry to foreigners from affected zones which include a europe china and the us and theyve just expense extended the ban on toll september 1st but some activities are not permitted including a maximum one hour walks per day but only within 500. 00 metres of peoples homes r t correspondent sayas having her thank you for the update and a reminder you can always find the latest news and information regarding the krona virus on portable t. V. s kroto virus tracker. And its no big surprise that the coronavirus shutdowns have severely impacted their lives monday brought even more bad news for the 2 of the Largest Aerospace companies in the world at boeing and airbus in fact boeing shares traded lower on monday after the plane maker dropped plans for a 4200000000. 00 joint venture with Brazils Embraer now the deal was 2 years in the making but was canceled on saturday after a deadline passed to bridge gaps in the agreement between the 2 companies but embers says that it was boeing that wrongfully terminated the agreement joining us now to discuss his book the toast and investigative journalist ben swan has been following the story for us ben thank you for joining us on this why would boeing attempt to get out of this agreement if that is in fact what they actually did well i think that theyre trying to get out of it for a couple of reasons 1st of all remember as you just said there correctly so this is a deal thats been 2 years in the making and in 2 years ago boeing was in a very different position position that it is now keep in mind this was all before the 737 max jets began to crash and boeings production line went offline before boeing started losing out on hundreds of orders of new planes those orders to go in the air bus instead and then of course with the coronavirus and the fact that air travel has been so low you know no one could have predicted that and now boeing finds itself in an even tougher position but the real losers in all of this are going to be the staff of boeing about 16700. 00 commercial planes you know are have been grounded theyre not going anywhere as a result of that but we is also talking about layoffs for about 10 percent of its workforce which is about 160000. 00 people so youre talking about a massive amount of people who may be out of the job and boeing doesnt see how its going to be able to pull out of this so instead they cite irreconcilable differences on an agreement with amber in order to not be able to move forward and now boeing has actually a big week ahead in the next week boeing will hold its annual meeting report 1st Quarter Results and face the application deadline for a multibillion dollar aid package from the federal government what are we expecting this week here. Well its going to be interesting to see kind of how that plays out because obviously with the aid package boeing just wanted to be given a stack of money which doesnt everybody and they was a going to work out that way so they do have to apply for that money show how theyre going to use it but again when youre talking about a large amount of their workforce being cut you have to look at that and also question whether or not they should be given all this federal money if the because its really taxpayer money if taxpayers are going to hand over billions of dollars to boeing and yet boeing is planning to cut 10 percent of its workforce by laying those people off wheres the money actually going and where is it flowing to especially when right now air travel is not back and boeing has preexisting problems its not like boeing was humming along just fine when the coronavirus had these were problems of their own making and this is definitely been probably about an 800 to 2 year 18 month to 2 year issue for boeing really facing struggles and many of them of their own making and i want to take that away from them boeings biggest competitor the air bus told its staff on saturday that the Worlds Largest plane maker is bleeding cash it unprecedented speed and warned that its survival is in question quickly ben what does this mean for air bus and its employees the same thing but bad news for employees there about 3000 employees have been furloughed in france already air bus does not know how theyre going to continue to pay all those people theyve been trying to you know get those workers back to work as quickly as possible but in the over in france the union is the one fighting is a bus to say workers should not be back right now so again its workers who are being hurt more than anyone else right now boom bust cohost an investigative journalist ben swan thank you so much for that reporting. You got it. And markets worldwide are up as the prospects of easing lockdowns and reopening economies is leveling out volatility so lets get an update on what is happening with the toast other bilbos cohost Christiane Kris is joining us from Los Angeles Kristie thank you so much now were starting off the week pretty quiet i mean we were up you know the dow is up 400 yards or so today but this is going to be one of the busiest weeks on wall street what do we have to look forward to. Well today were actually up on the hopes that the economy will reopen soon so states including alaska georgia South Carolina tennessee and texas theyre all beginning to allow restaurants and other stablish rents to start to serve customers looking forward were going to be in the midst of peak q one earnings this week with about 173 Companies Reporting the big ones ive got to be alphabet starbucks pfizer facebook microsoft and apple theyre all slated for later on this week now last week has given us a mixed bag view with some companies weathering the storm better than others however this week will really be an indication of where the economy is that good acting right on the market indicates that traders are kind of prepared for another sell out as recent optimism has flooded the market back up into the overall territory now the magnitude of over 26000000 and unemployment is being lost here and the com you will feel some of the delayed effects of unemployment in the coming quarters and now on top of that we also have a couple big macro events this week the fed and the e. C. B. Are due to announce policy decisions following the b. O. J. Now the b. O. J. Went all in this morning launching unlimited q. E. They have gotten rid of their upper limit of about 743000000000. 00 per year and will now be purchasing quote as much as necessary so we will hear from the fed on wednesday and the e. C. B. On thursday to provide an outlook and what the response will be on how to continue to support the market the big question is what else can the fed do now with Interest Rates are already had 0 and buying up all the Corporate Bonds the only thing left is really what japan is doing right now and thats to start. By corporate stocks as well you know kristie i want to talk to a little bit about earnings because specifically about the Financial Sector here. Is actually surging on monday after beating 1st quarter estimates but it is warning of a 67 percent decline in profits year over year as you said we could have a lot of earnings coming up this week what are we looking at in that sector and overall because i mean youre saying that looks like we could have a sell off i mean is that really whats happening here. Well right now this statement from budget bank was a surprise it sent shares soaring up about 11 percent today they have had a challenging couple of months racked with scandals and restructuring and layoff about 18000 of that work force in its quote radical transformation and that restoring profitability so i mean confidence and sentiment in the name has gone down to an all time low here after the new or scandal that they were involved in last year to the point that it is now in the oversold territory and undervalued so now with its latest earnings front its giving investors confidence that yes this ship can u. Turn around and the restructuring plans to reduce and if it should sink are taking hold now so deutsche is kind of being used as the big canary in the coal mine now because it was already struggling last year before the coronavirus it so how it fares in the face of the challenging economic right now is going to be an indicator of how healthy european banks are so this will be right and im not going ahead of earnings on wednesday see where the final shots fall that most likely i suspect were going to get a mixed bag earnings review from the coast christiane thank you or just stick around here because we have some more stories straight ahead that we want to get your take on and time now for a quick. Type because on the other side the oil sector is still dolling in the wake of the drop in demand what could lie in store for energy going to break it all down and as we go to break here the numbers at the close. B because theres a Survival Guide lets stay single malt to start simply putting all the pieces. Dont forget the. Public know. Repatriations look at the last 7 years. Of the separate lives kaiser report. And welcome back u. S. Oil prices dropped by more than 25 percent at times on monday to the concerns that storage could soon reach capacity as Global Demand continues to plummet due to the corona virus pandemic west texas intermediate futures for june fell by 27 percent to below 13. 00 per barrel at at the low for monday and International Benchmark brant crude also dropped by as much as 8 percent going below 20. 00 per barrel so lets take a look at the state of oil and the commodities effect on the overall economy by bringing back boom bust cohost christiane and rick rule c. E. O. Of Sprott Holdings thank you both for joining us again here rick i want to start with you or oil is now moving into the endgame as we will hit peak Storage Capacity by about mid may now the u. S. Oil sector is decimated with only about 378 rigs out of 650. 00 still running what will remain of the u. S. Energy sector after all this is over. The u. S. Energy sector is a very very resilient sector but this will of course be. A real test the ritual is that people will still be trained and also believe we need to remember if you are in the oil markets if you are prices prices there in fact that were running so if you really means that the shooter is already being worked on remember the u. S. Production ridiculous or. The shale based production decline rates are extremely rapid so you will see production decline as a consequence of less sustaining Capital Investment in the restroom in the very near term of course i dont think anybody could have estimated circumstance where the consumption of oil would fall sassed as a consequence of the virus or being in winter as a consequence of consumption declines we would run out of storage there are literally is no place along the production and transmission line to cover any more oil and gas and its a circumstance that nobody could. See but the industry coming back yes absolutely the industry will come back itll be a mess. Markets are always messy markets always work. Our and our record i think is interesting because we dont know when this whole thing is going to be over i think you know initially when we saw oil go below 0 last week you know the reason that was mostly because people said oh by june july numbers will be up but itll be back to normal so theyll be able there will be the demand and frankly thats not the case and we dont know when that demand is actually going to come back i want to add i want to cover and i want to talk about Something Else here at because last week treasury secretary Stephen Newton actually selected a suggested things that the government could do to help the oil industry including buying fuel for the country in advance although if stores are completely full well thats going to really work out but he also said that the government was open to taking an equity stake in Energy Companies adding that there were a. A lot more options as well but what do you make of this prospect of the u. S. Government taking stake in the u. S. Oil companies. That horrifies me i dont think the government does anything particularly well i. Need her doing well in gas Company Analysis and they are at things like deliv