2020 has arrived but what exactly does that mean we have a boom bust panel on hand to break it all down and have the pandemic continue to take a bite out of business how will small restaurants fare in the wake of the outbreak we bring in a famed guru to dish out what may lie in store today so lets dive right in. And we lead the program with some moves to reopen economies hit hard by the crow virus pandemic spain will launch phase one of their lock down exit plan monday but many restrictions will remain in areas that were hit hardest by the pandemic in the country now meanwhile france will ease some of the worlds strictest measures which have included the need for permission forms just to leave your home some children are actually going to return to secondary schools in. Norway and denmark is allowing shops to reopen and in the u. K. Prime minister Boris Johnson announced that starting this week people would be afforded a limited outdoor exercise instead of the one trip per day rule that was currently in place saying he hopes to announce plans to reopen schools stores and some in the Hospitality Industry in the near future but as the autonomy is beginning to look to reopen and social distancing measures are relaxed there are some concerns that new outbreaks in south Korea Germany and china may actually slow a broader reopening so lets take another look look at the Global Trends and spread of the coronavirus with r t correspondent sites have a day or so where are we today sobrang globally more than 4100000 people have tested positive for the coronavirus and over 284000 people have died now here in the u. S. There have been over 1300000 confirmed cases and more than 80000 that but countries around the world are working very hard to flatten a curve and by finding curve it means when a country has fewer new cases today than it did the day before and now on a trend line of total cases a curve looks how it sounds flat and this chart shows the daily number of new cases for the 10 most affected countries based on the number reported of deaths now whereas there are countries that have a lot more cases like russia and turkey for example these 10 countries have the most deaths and they include france the netherlands spain u. K. Germany u. S. Among others not a month from those 10 countries 5 countries are actually going down in cases which are the u. S. United kingdom italy spain and germany at the bottom which shows up right now here and now there are also 5 countries from the 10 countries. That i mentioned that their 5 their average of new cases is actually going up at the moment which is friends brazil belgium iran and the netherlands so whereas countries are leading with the reopening and relaxing some of these countries are just going up in cases and what about these countries that are leading the reopening efforts what are we looking at there. So this is whats happening countries are relaxing their lockdown measures then all of a sudden seeing increasing cases now were seeing that right now with china which reopened weeks ago but it was on today reported its 1st cluster of new infections since a very strict quarantine was relaxed in early april so thats a major setback for china and then there is south korea who had been encouraging people to cautiously resume their everyday lives but over the weekend bars and nightclubs in seoul were ordered to close after 34. 00 new cases reported on sunday which started from an outbreak of one of those nightclubs and then theres germany thats also seeing infections on the rise just days after the country ease its a lot downward instructions and of course we see the same thing happening right here in the u. S. As states started and now and seeing reopening after they were guided by data and advice of medical experts despite not meeting guidelines by the federal government and Public Health officials and this is apparent if you look at new york which on sunday returned to the level that he was when they issued a state of closure of nonessential businesses nearly 2 months ago and brand you are early you mentioned u. K. And which also is leasing easing lockdowns and in order to avoid another outbreak like the other countries Prime MinisterBoris Johnson and now its on sunday that britain will will be imposing a mandatory quarantine on travelers arriving in the country by air. Britain is doing everything they can after relaxing their nearly 7 week lockdown so that way they dont have another outbreak and start quickly can you tell us about the mortality rate and how that differs country to country radio yes so that i have a chart that they going to put up here so this shows the mortality rate so whereas countries like the u. S. That have the most thats their mortality rate percentage is at 6 percent and then youre seeing countries like belgium that dont have that many deaths but their mortality rates are much higher at 16. 3 percent and for example netherlands add 12. 7 percent and then you have countries that have a lot more numbers like again like russia and turkey but theyre not even on here because their mortality rates are much lower than the least of the germany which is 4. 00 so a lot of times the numbers of deaths and then you kind of have to look at also the murtala the liberates and that really shows whats happening in terms of outbreak in that specific country bred are 2 correspondents are having your thanks for keeping us up to date. And as a reminder you can always find the latest news and information regarding the coronavirus on portable t. V. s coronavirus tracker us equities are mostly flat monday with the exception of the tech heavy nasdaq which extended its gains to 6 trait trading days facebook. And google all traded up on the day continuing positivity for these socalled fading stocks to go over market moves and some other Economic News of the day to bring in cohost Christiane Christine thank you so much for joining us again today now markets are a bit muted on this monday as countries around the world attempt to reopen and lift lockdowns whats going on there. Was cited as mentioned investors are worried about the possibility of a 2nd reinfection especially with germany and south korea now reporting a huge surge in coven 1000. 00 cases now now in the markets were about an arms length away from all time highs and pretty coronavirus levels and that doesnt really make sense when we just got news of how bad 2nd quarter data was in terms of g. D. P. In terms of unemployment levels so there really is a disconnect between sentiment and the actual market now given this the market is clearly at overbought levels even as it is pricing in expectations of this grand reopening the s. And p. Right now rallied more than 33 percent ever since hitting the rock bottoms in march of 23rd and while most of them were large caps as you just mentioned is the fang stocks leading its facebook its amazon Netflix Google as well as microsoft and disney those are the large cats that are leading and theyre the story right now theyre playing out leading all of the other equities higher however the real story remains to be cyclicals and that includes the oil names the industrial names the energy names the financial names also the backbones of the entire market and when you look at cyclicals that really tells the full story underneath all of this high flying tech those are actually still down about 24 percent within the past 3 months and that is really concerning because those name provide the entire foundation for the entire market where tech is. Viewed as more speculative now kristie as the crow virus related news is kind of slowing down i want to say the virus is slowing down just the news is we are starting to see the focus once again shift to u. S. China ties whats going on there. Well there is a bit of tension because everybody is trying to play the blame game and right now china is pulling back from the u. S. With their Foreign Direct Investments declining to the lowest since 2009 for comparison in last year china in the same time to china invested 2000000000. 00 in the u. S. Economy this year were only at about 200000000. 00 Venture Capital flow also had solved very steep draws and both directions so this pandemic could have been an opportunity for china and us to kind of come together however beside both sides play the blame game it is creating a bigger divide as every single government continues to engage in trying to point fingers to see whose fault this is kristie i want to hit on another big story here and i know youre going to be really excited about so for that lets bring in. Ben swan as well now monday is one of the most anticipated days in the big korean world in the years weve been weve been telling you about the upcoming bitcoin having for several months but what the world obviously did not expect to see having come at the center of a worldwide pandemic traditionally a big point having means a boost in the price of bitcoin but this time around what will happen is anybodys guess so but i want to actually pose this 1st question to you to give me an actual explanation as to what exactly the having is. Having versus all sounds like something from highland there right is how its. Going to be even more exciting than it actually is but it actually is the miners the people who technically mind that coins the amount that they get when they mine is essentially cut in half its a technical adjustment that takes place and its actually under the design of that coin that this happens every few years until eventually the amount that is mine goes to 0 that is the goal here and so the goal ultimately for big. Point is that there is a fixed finite amount of big coin that would exist in the world its supposed to give big going some of its actual value unlike all the currencies we see right now unlike whats happening with the u. S. Dollar and whats happening with currencies worldwide where everyones just printing them to oblivion theres a thick set of coins so on monday around 5 pm eastern were going to see the have the take place and so the question becomes what happens to the value when the price of that coin as a result of that. So what about the pandemic is creating doubt here in terms of what might happen with bitcoin price. Well traditionally big coin has seen a historic rally into this have a however this year its a little bit different were kind of stuck underneath the 10000. 00 mark and the lot of that is propagated by the crown of virus because there is less liquid capital however on the flip side of the story you also have huge billionaires such as Paul Tudor Jones saying that now 2 percent of is total assets are now and that he sees this as a very viable hedge even though its new its only 11 years old he sees this as a very fallible head and that every single year that big point exists trusts in the community and trust in the Network Grows so we are going to see a lot of volatility because given the current of endemic there is a lot less liquid capital there is a lot less money floating around but then on the flip side of that the more the government and and the legislators they print additional money people are going to look to something that actually stores value that actually has scarcity value and when youre comparing Something Like that big wins on every single one of those levels when you get whether youre talking about durable cord ability scarcity fungibility verifiability divisibility all of that the only only instance that comes up a little bit short as compared to fear its going to be its a stylish meant and given the fact that its only 11 years old. How volatile is because right now and where is it go it. Was as christine just said i mean big point has been somewhat volatile lately i mean we saw it go in the last. 24 hours just above 10000. 00 and then it dropped by 10 percent and its hovering monday around 8600. 00 but the end chris is absolutely right when she says its struggling right now to hit that 10000 and hold that 10000 mark but there is a lot of reason for that but its also important to remember that governments around the world have already recognized the value of Digital Currency they are all moving towards it the United States probably more slowly than others but you have countries like india that are are fast moving towards Digital Currency in fact theres an indian city that is as of right now because of the pandemic is saying that theyre moving completely to Digital Currency so i think were seeing that happen more and more the question is does big coin remain the standard and does remain a truly decentralized autonomy as. A currency as opposed to what happens when governments do it it will never be a thomas when the government creates a Digital Currency and it will never be decentralized the very nature of government currency is to have a centralized so i think were big coin does have this opportunity along with other coins as well as the opportunity to really push forward in this moment is to say you cannot trust that governments will do what they say theyre going to do and so thats why we need the centralized currency christie finally about 30 seconds here but has been quite been able to thrive during this pandemic i mean i know its been more volatile theres been some bounces but is it doing what you would expect at this time. It actually has because qantas entire panamic especially if you look at countries like venezuela argentina Trading Volume has never been higher since thats and weve always said that in times of crisis this is where quite a currency really shines and youve seen o. T. C. Entraining and just go off the charts and venezuela and argentina in those 2 countries predominantly boom bust cohost ben swan and christiane thank you for that expert analysis on this. Thank you. For a quick break but hang here because when we return as Small Businesses continue to sizzle out in the midst of the copen 1000 pandemic how will small restaurants survive if the virus rages on we bring in a true better end of the sector when we come back as we go to break here the numbers at the close. Seem wrong. To shape our. Attic. And indeed. The trail. Find themselves worlds apart. Yeah. You see if you can achieve. Your goal or do it if you keep. Things so they. Had to call someone an idealist and that is what you want. Them to sure believe this is. Just the q. Youve said theres a long. Long. History you clenched. Give. Me a value for money why is that a good thing for to do you know for the slow but also acknowledge. Good food descriptions sound up even for the owners so how to choose the pet Food Industry is telling us what to feed our pets really more based on what they want to sell us then whats necessarily good for the pet turns out in pet food may not be as healthy as people believe we have animals that have you know diabetes in arthritis they have auto immune disorders allergies we are actually creating these problems its a huge of a demick of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets less treats the larger corporations are not very interested in proving or disproving the value of their food because theyre already making a 1000000000. 00 on it and theres no reason to do that research. And welcome back more than 80 percent of Small Companies in the United States believe the coronavirus pandemic will affect their business for at least 12 to 16 months now this according to the survey conducted by Global Payment Company beam which has helped thousands of Small Companies apply for loans under the governments 660000000000. 00 Paycheck Protection Program now the survey also found nearly 90 percent of businesses polled are also preparing for an economic downturn that will further stall business now Government Data released last week showed unemployment in the u. S. Skyrocketed to 14. 7 percent in april and government Officials Say the jobless rate could hit as high as 20 percent in may 1 of the sectors hardest hit by the pandemic has been restaurants here in the u. S. The industry employs more than 15000000 people across more than 1000000 establishment many of these small local businesses for more on that just how the endemic has affected the Restaurant Industry were joined by Andrew Zimmern 4 time James Beard Award winning t. V. Personality chef activist and creator host of m s n b cs of whats eating america enter thank you so much for joining us today. Great to be here now youve been well connected to the independent restaurants throughout this country while many have been able to provide some sort of service it has mostly been limited to take out and delivery now what kind of pain is actually being felt in the industry amid all of these changes right now. Tremendous amount of pain there are often readers and theyve been well documented who have made the successful pivot and because of the nature of their businesses the set up of perhaps multiple units of the same city block or other advantages that are built into their own businesses theyve been able to make a go of it doing to go and delivery foods 99 percent of the restaurants its merely a drop in the bucket and its not a long term viable solution you can. Only bring back a small portion of employees youre in most cases not even able to cover your rent and youre still a tease a lot of restaurants are doing to go and Delivery Service and Community Resource kitchen work as a way to sort of stay relevant stay open stay in front of their customers and be visible in the Public Square and it sounds like and i want to go right to the idea of reopening here because it seems like this really isnt going away and things are certainly are going to return to the full normal for at least 18 months right s