Are now keeping an eye on a swine flu like virus and one that has the potential to create that i can damage and a whole 20 universities paid more than 1000000. 00 in ransom after Cyber Attacks these types of intrusions are up as much as 400 percent according to a new report showed today so lets go and divergent. Global efforts continue in the race for a covert 19 vaccine or even a treatment that could help probable pull the pandemic will british regulators approve a global trial to restart testing drug sykora quinn and chloroquine to see if they can prevent infection with copd 19 well the food and Drug Administration revoked emergency use for the drug after a trial showed they did not benefit us treatments but this cop called trial its. When to look to see if the drug can be used as a potential preventative medicine meanwhile on tuesday the European Unions 27 members announced a ban on travelers from the United States citing concerns over the recent coronavirus spikes across the country will russia and brazil are also barred the list of countries deemed safe include australia canada japan new zealand and south korea will the u. S. Still leads with the highest number of cases more than 2 point 6000000. 00 americans have been infected with the virus leading to more than 125000. 00 deaths of the country that accounts for only 4 percent of the worlds population is also accounting for 25 percent of total cases worldwide director of the National Institute of allergy and Infectious DiseasesDr Anthony Fauci appeared before a Senate Committee on tuesday and said hes concerned that the country is going in the wrong direction. We are now having 40 plus 1000 new cases a day i would not be surprised if we go up to 100000. 00 a day if this does not turn around and so i am very concerned we cannot forget that what was thought to be unimaginable turns out to be the reality that were facing right now so relates the kind of appreciation that outbreaks happen and you have to deal with them in a very aggressive proactive way and as a world continues to struggle to contain the corona virus trying to scientists have identified a new strain of flu with a potential to become the next pandemic well that new strain it descended from the swine flu which emerged back in 2009 and is carried out by pigs well professor chiang from Nottingham University in the u. K. Told the b. B. C. Right now we are distracted with corona virus and rightly so but we must not lose sight of potentially dangerous new viruses for the latest on the market im joined by adam mash of the Trading Group and boom bust cohost chrystia kristie lets start with you u. S. Equities are headed for their biggest 1st quarter gains in years now both the dow and the s. And p. Theyre on pace for their best quarterly performance since 1988 is this rally expected to extend into quarter 3. Well like the 2nd quarter rally this was primarily driven by the trillions of dollars of new stimulus pumped into the economy and you also have a lot of hope hope for a vaccine hope for economically openings and balance hope that everything is a temporary blip but as we begin q 3 only one of those tailwind is currently in place and thats going to be the government stimulus now right now the old saying is never bet against the fed because even though its only one tailwind now its a pretty big one so its going to be very difficult for the market to tank when you know when you continue having that safety buoy holding it all up so that doesnt really mean the rally will continue. Higher though you know because this really isnt any positive force driving the market as we enter into this sort of period so likely were going to be pretty range bound i will trade sideways until the upside or downside and really were just one stimulus disappointment away from a really really ugly day and it looks like the market is really driven by a lot of these headlines adam fed chairman powell and u. S. Treasury secretary steven minucci and testified before the House Financial ServicesCommittee Earlier and they offer 2 different perspectives here on how quickly the economy is really going to recover now we heard the treasury secretary talking about how strong it will come back and how quickly it will then we heard powell saying that it was recovering more quickly than expected but still there are a lot of risks that remain with the resurgence of these cases and the steps the states are taking with the reopening or at least backwards that is what do you make of this. I think its pretty transparent one policy king he doesnt have an agenda only he is looking for while managing our economy the best way possible and thats in administration thats not how can i say cheerleading the economy and i understand why theres an election coming up thats obvious you know who will do what theyre doing but they were the same ones criticizing nala for not cutting routes prior to spend and. Then we would have been seeing a lot of ammunition to the what we experience now so ill be watching this game play out and so for every hour has been more correct than the administration so hes going to listen to Going Forward and if he says theres still a lot of concerns and im still going to be concerned well out of these these new gains that were seeing in the in the market is it really because we hit almost a new low following the crowd of iris and a few months ago. This is if you for a time in the market i dont think anyone can explain and i think that the most logical explanation would be that the government is stock up in the market and theyre kind of overdid it because theres an election coming up because of all the concerns are yours of the op and the country is going to hit its kind of backstop in the economy but its slowed steroids in baseball you know its fun to watch for people who dont run well once they want to clean up their game. You know it doesnt look so good but thats an analogy i could say for someone who doesnt know about the market is watching this unfold is if you ever played the game monopoly imagine playing monopoly and youre your own back you up on the front while everyone else us to play within the rules of the view youre going to win so the government is doing it it doesnt feel real it doesnt make sense but you certainly can fight it thats what its looking like a curse christine i want to switch over to commodity side Royal Dutch Shell is writing down up to 22000000000 worth of assets and its now revising some of its Long Term Energy price outlook given the cove in 1000 hit whats going on there. All the oil markets i will now theyve gone pretty decimated getting hit by a double whammy a ton of supply coming online and a complete lack of demand from all the grounded flights and grounded travel so it shall warn about severe cold related impacts and the ongoing to ration car all Energy Products and right now this write down cost shell shows you drop over 2. 5 percent today even though most of these charges were pretty much expected the Biggest Surprise actually came from low balling their finding margin assumptions over time by 30 percent as its kind of indicates to the market that this expectation is this is the expectation and benchmark Going Forward and that a recovery in prices is not going to happen here and shell is also responding to this new normal by cutting its dividend for the 1st time since world war 2. Too and they also lowered planned spending this year by another 5000000000 to the maximum of 20000000000 so right now this is really a difficult message for shell to get out because it is essentially saying that the long term future demand for fossil fuel its just not there anymore shell is the Worlds Largest fuel retailer and it is now expecting a 40 percent drop in sales in the 2nd quarter and this is likely to be the 1st of many reportings so this was a big fat wake up call for pretty much the entire industry now adam we have about a minute left but let me turn it over to european stocks that are also closing higher on tuesday theyre upping up their best quarterly performance in about 5 years whats popping up the market over there whats whats the data showing. Well here you have a couple things number one is you are back stock amerikana me to the tune of 1. 00 trillion dollars so you have that whole dont fight the fed dont fight. But you know youre out there doing what do you to be doing but also europe has been handling this much better than we have their numbers are way down versus auster now opening up their countries theyre not including the us or not because were not. So they have the benefit of money coming in last theyre handling the virus better so they are closer to returning to normal and so it kind of makes sense if anyone is going to be going up its more likely than not now not to make sense to me i think were going to rust we are logically explain that thats why theyre locked down who are much stricter they lasted a lot longer as well and people were following them which is very different from what were seeing here in the United States i understand the economy has to run but lives are at stake and and unfortunately what were seeing these in these cases that continue to climb it will continue to to make the stock market really volatile but well continue to monitor adam ashe of the adams Trading Group and boom bust cohost christi i thank you for your time today. You know again. With more people working from home during the pandemic the risk for hackers has search well earlier this month a new walker criminal gang hacked the university of california San Francisco the group attack networks within the school of medicine and a leading medical Research Institution took part in some ransom negotiations citing Important Information for serving the public good well u. C. S. F. Statement added we therefore made the difficult the fission to pay some portion of the ransom approximately one point 14000000. 00 to the individuals behind the malware attack and exchange for a tool to unlock the encrypted data and the return of the data they obtained for more were joined by cyber monday analyst and chief security advisor for sun tunnel one morgan right morgan thanks for being with us today good to see you. Could see again sir well lets lets start with this basic question the University Said the information was obviously very important to sort of the public good it doesnt look like any patient information or records were actually exposed it paid 1140000. 00 and a go she did with these hackers is this pretty common. You know unfortunately it is you get a lot of people who dont invest in the cybersecurity healthcare is one of those areas actually a good friend of mine is the chief Security Officer for the health icepack one of the information sure you know its the centers theyre doing better but theyre not doing the job they ought to especially with protecting data i mean hollywood presbyterian was the poster child for the 1st ranch where case now it was really publicized that it health care so if you think about it this way they paid 1140000. 00 in ransom had they spent that money earlier on things like Cyber Security hardening their defenses applying our social intelligence you know really secure things they would be in this position right now you know i tell people you will pay one way or the other you will either pay now for the solution to stop everything or you will pay later to get your false fact if you get it back a lot of the research out there even clued in our own shows at about 40. 5 percent of the time you dont get your false back and out of those about 25 percent of those people end up getting attacked again so there is no such thing as on or among sisera i wouldnt trust these guys other than i could from my computer and its even surprising that they got some of a receive them out information back but we are seeing that more and more hacks but a recent unisys security report found that less than one 3rd of americans or about 31 percent actually said theyre concerned about their security data but the f. B. I. Has Internet CrimeComplaint Center that show online crimes have increased by 400 percent why arent americans concerned. You know sarah that is a really good question and ill tell you i think some of that is everything thats going on right now everything from the social unrest to coated to some of these other things when we saw a poll that hit we saw an explosion of fraudulent sites posted 1000 people saying they have the cure everything these things exploded i mean scams you know our goal tights were prof you know were prosecuting theyre just drawing a mentally and i think people begin to get fatigued and people dont take a lot of time to secure their own infrastructure and ill tell you that the fact that you know like say 31 percent you know that is a very small number considering trying to have this technology around for years the internets been around you know for 25 you know going on 30 years now so why people are doing it i wish i had the answer to that i mean we do a better job of working our seatbelts than we do securing our own computers especially with so many people working from home and definitely for now more let such care is here a little bit were just learning more about the federal Communications Company that made the Telecom Companies like while we and the t. As a National Security risk weve seen those back and forth for for quite some time now is this more of a political move or is this an actual threat. Politics involved in any decision with any government i would be shocked no not really i mean of course theres politics involved the United States is engaged with china not only because it coded the attribution of where covert started trade wars things like that but this is not just confined to the trough administration this is going on during the Obama Administration in fact the 2012 Senate Report kind of was laid out the markers for everything to say look these folks are a threat you have people that were members of the Chinese PeopleLiberation Army that are members of huawei and huawei is not a publicly traded Company Neither is a t. V. Soaps are very opaque you cant see whats going on so you know i think that this was the natural culmination of what was going to happen and ill tell you part of this syria is the positioning around 5 g. 5 g. Is obviously a very strategic kind of a play for everybody i know that the 5 Eyes Alliance u. S. U. K. Canada australia and new zealand us was pushing really hard britain said they were going to do it and they pulled back so theyre not going to allow way into certain core parts of their network so you know were saying this is a global place not just us this is one writer in it but the fact that many no sense a huge message out there to the market i think its interesting after the Us Commerce Department did say that they wanted help in other of these networks Chinese Companies to help with setting 500 standards not too long ago so well see where this goes from here the f. C. C. A thing one thing well continue to see because i know theyve also sent waivers to these companies who can continue to do business so itll be really interesting and well continue to follow and bring you the latest morgan right Cyber Security analyst and chief security advisor for sentinel one thanks again for your time and it was good to have you on. Good to see you again sir. Time now for a quick break but they here because when we return we take a look at a controversial chinese law into hong kong and what it could mean for one of asias biggest financial hubs and as we go to break here the numbers that the clubs. Secret prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived within the zeros all there were to view houses were allegedly preserved was located and only see you can fool have access to the story for investigators sure how they uncovered the darkest dealings of the secret services but i mean there you go rated nor in. Hockey seem a bit of sore knee for. Crying for justice on r. T. Ah no team no crowd. No shots. Actually helps because. While its true no one. Point should your thirst for action. Thousands of american men and women choose to serve in the countrys military. Every came to a complete. Kill me i would destroy. Any screamed at me in. My own. Right mean. If you take into account that women dont report because of the extreme retaliation its probably somewhere near about half a 1000000 women have now been sexually assaulted in the us military rape is a very very traumatizing tat happening but ive never seen trauma like ive seen from women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished than the offender and almost 10 year career which i was very invested in and i gave a sex offender who was not even put to justice or put on the registry this is simply an issue of our in violence male sexual predators for the large part of target whoever is there to prey upon whether thats. Growing tensions between india and china are spilling over into the world of tech well india is banning dozens of chinese based apps including take talk and we chat according to censor tower about 30 per cent or 611000000 out of tick tocks 2000000000 downloads came from the worlds 2nd most populous country while an animosity has been growing between india and china since