Stories were covering for you todays the day progresses it all to common of various social media but from our reporting from moscow when i was coven i wouldnt thank them have a great choose. The world is driven by a dream shaped by those. Who dares thinks. We dare to ask. This is the one business show you cant afford to miss on fairmont going to washington coming up donald trump signs any order on on a fire to leave at top dollar capitol hill still millions are expected to meant that my friend and even if minimum kind of hard payment plus live in a Government Shutdown after last weeks deadly explosion in beirut when i was sitting in the field of a protest in certain places we have a lot to get a lot of. The new number of corona virus cases continues to grow as new infections are spiking worldwide well head of the World Health Organization argues its never too late to control the outbreak this week we would reach 20000000 but just the cases of kobe of 9750000 is green shoots of hope and no matter where the country or region a city or a town is its never too late to the outbreak. The agencys executive director of Emergencies Program said that unlike the seasonal flu cover 19 is not showing the same seasonal patterns this time is has demonstrated no seasonal pattern so far but it is clearly demonstrated if you take the pressure off the virus that my response is but thats the reality thats the fact meanwhile new zealand marked 100 Days Without Community Transmission but Prime Minister just send ardern caution that the country must remain vigilant i think some of the guys a significant period of time by the police in any of the bridges. This long as we are continuing the course exist in a world with the growing feeling. That it is them all. This comes as europe once the epicenter of the pandemic is seeing spikes in ireland france and even italy where European Countries they took extreme measures by issuing strict lock downs in the early spring but theyre worried about a possible 2nd wave well according to i. F. O. German Companies Expect these restrictions to last another 8 and a half months this would be through april of next year meanwhile the u. S. Now makes up more than one 4th of global cases the country surpassed 5000000. 00 infections on sunday now the amount has doubled since the end of june and comes only 17 days after exceeding 4000000. 00 cases according to a new report by the American Academy of pediatrics in the Childrens Hospital association more than 97000. 00 children tested positive for cocaine 19 over the last 2 weeks now thats a 40 percent increase were seeing in child cases the results come as states are still under pressure to open schools by this fall. Over the weekend President Trump signed an executive order for a coronavirus stimulus this comes after failed negotiations with congress but trump said the executive order gives republicans much of what they wanted. I believe my i like you. I want. My money to make. Her mark on the relief deal and how markets are doing we are joined by cohost christine and c. E. O. And chief strategist for quo and college and and former Federal Reserve insider danielle de martino booth danielle lets start with you President Trump on saturday he signed this a series of these executive orders to expand this relief bill to americans but these new orders theyre probably going to face a legal challenge is continuing the programs would require federal funding which obviously congress controls whats going to happen now and will democrats challenge this. Well i do think that democrats are going to say that theyre going to challenge it and i do think that there will be a challenge to this but i think the Sticking Point is theres probably not a democrat or republican or a politician in the country who would actually try and stop this money from going out directly to to people in need of it people who are still unemployed there are people in the bases of both the ripped up republican and the Democratic Party so again i think that there will indeed be legal challenges it is only under under congress authority to to allow you to legislate spending weve never seen female funds used for an emergency of a pandemic so obviously all kinds of legal rules are being reviewed written but i dont think that the democrats will go so far with what we have now 12 weeks left until the election with this little time left between now and the election i just cant see them stopping the money from going out the door well its interesting because people are in dire need of this. Money and thats been a big issue where republicans have said we will meet you halfway will negotiate or at least do a temporary deal democrats seem to be wanting it all or nothing at all christie whats your take pelosi told fox news on sunday that they will probably have possibly go to court with this absolutely and i think danielle is right i think the democrats will want to challenge us but at the same time it doesnt look good for them if if every if the entire population suffers im not getting the funds that are so direly needed right now well kristie let me change gears here a little bit and turn to u. S. China tension and relations that are waiting obviously all eyes happen to be on tick tock and whats going to happen in the future in the next 15 or couple days it seems that beijing has just sent its clearest signal that it will oppose the sale to talk to microsoft and that likely to any other u. S. Buyer whats the latest here why i dont think that should come as any surprise to anyone because its plainly optimistic to think that beijing would relinquish the most valuable tech company right now to so easily to the u. S. Without any sort of fight at all so last week there were talks and elaborations on the table and by dance now plans to sue the trump and ministration and fight for the right to continue operation so right now this lawsuit alleges that the trump administrations executive order is unconstitutional because it did not allow to talk enough time to respond and that the claims that tick tocks being a National Security threat is completely baseless and unsupported so take talk c. E. O. Said that giving away his golden goose so soon would cripple the companys ability to grow into a global tech conglomerate so when initial reports about a sale to microsofts surface chinese users were furious calling this deal a robbery of Chinese Technology and that the c. E. O. Is a sellout and a traitor so if faced a lot of pressure and backlash to fight back and so now its looking like the company is doing exactly that now so the lawsuit will be filed in california and this is. Definitely looking like another a ha way to point out a kind of battle oh we knew it was and going to go without a fight per usual but then now lets move over to to lebanon here tuesdays blast it damaged huge parts of its commercial main trading pour in beirut what effect will this have on the economy i mean its already been struggling and in financial crisis even before the blast. You know i think the world misunderstands the depth of the situation in lebanon and ive studied it very closely that the corruptions been going on for a generation now the accident was literally waiting to happen but the fact is right now i the is not the right time for world authorities for the i. M. F. To be playing hardball i understand that reform measures must be taken it seems as if the government is about to collapse that might not necessarily be a bad thing but what we need to appreciate about lebanon 1st and foremost is that theyre on the theyre on the verge of having a famine theyre on the verge of having a humanitarian crisis the likes of which we cannot comprehend the likes of which they have not seen since since the world war 2 era when there when food was completely cut off from the area so its the depth of the economic crisis and cannot be overstated in any possible way shape or form and it is up to the world right now to stand up immediately and make sure that that help and humanitarian aid is sent to lebanon as soon as possible well then how is this going to further affect a middle east market. Well yes so obviously there will be ripple effects for other middle middle east markets but i think i think the point that im trying to make right now is that sometimes there are bigger matters than matters of economics and this is one of those times in the midst of this code crisis because every outlet of Economic Growth including travel and tourism believe it or not to have been on all of its been cut off with this latest a massive emergency hitting the country i think that the onus is upon World Leaders right now to. And. And come together on behalf of the people of that country absolutely kristie by this global turmoil u. S. Equities they continue to make new highs even today with supporting this and are we going to see it continue well i think we all know that this is supported by the trillions of dollars as being costly pumped into the system and added so weve been saying this all along and the minute that the Central Banks takes his foot off the gas pedal the entire thing will come up because its not supported by fundamentals at all everyone is trying to equities simply because thats the only place with any sort of yield right now and it becomes a selffulfilling cycle as the old saying goes dont fight the fed and as long as the fed keeps on printing it keeps on going up but the problem is that one day the fed will stop printing and all of this temporary stopgap measures that will have to stop so then what will happen. Plainly will see probably a huge wave of corporate bankruptcy and because all the businesses right now are hurting without any sort of stimulus right now facing short term liquidity problems and once that said in an employment problems they will continue to get even worse so the entire recovery that we were all praying for this v. Shaped bounce that never really materialized i know people still keep on wishfully talking about it but the truth is that we have plateaued and so we need growth to pick up again and that requires a tremendous boost in a tremendous catalyst the last time we were in the situation china was the Growth Engine that kicked off growth again for the entire world and drove growth for the last decade but this time we dont have that catalyst so everybody in the world is just bleeding out slowly and i looks like everybody in the world is waiting out the leaf for that vaccine and it will be until then where we can possibly eat and who knows because theyre even saying that a vaccine may not necessarily guarantee immunity or have to get boosters theres a lot yet to be learned from from the virus and whether or not were going to get the vaccine or not danielle de martino booth and christy i thank you both so much for your time today thank you thank you. A the. P. And the u. S. Government are among those seeking billions in claims against produce pharma over its role in the nations opiate crisis will produce filed for bankruptcy last year to resolve litigation the company face for widespread addiction to its painkillers well much like other creditors u. S. Prosecutors and the and p. Had to file their Financial Claims against produce pharma by the end of july legal analyst charles contributor with americas lawyer has more on those claims molly thank you for being with us today good to see you why is the its and ability c. P. Arguing that it should receive now part of this bankruptcy settlement. I think at this point because the deadline was creeping up and they feel like theyve basically been left out of the conversation so they want to come to the table and say hey youve got all these creditors including the u. S. Federal government the saying we want x. Amount of dollars in order to address the crisis in our particular communities because there are some 2000 lawsuits that perdue and other manufacturers are facing throughout the country for their role in perpetrating this highly addictive pain killer to the average person and of lacey piece says you know we feel like the media as well as just legal enforcement attention has been paid more to White Communities than it has to communities of color who have also been impacted and devastated by this drug abuse and they feel like if theyre not at the table participating making claims putting in their request which is up to 10000000000 dollars theyre going to get left out of the conversation and a lot of those resources that they need to address those same issues that are affecting White Communities whether its treatment for addiction or just fighting the resources to help people overcome overdoses those need to go to communities of color as well and if they dont put their name in the hat right now theyre going to get left out of that well and they have said in the past and now theyre saying that they havent necessarily gotten the same resources as the White Community has which is why there are forward but how hard has the Minority Community now been hit by this opiate addiction. Well its interesting i read a couple of different studies that said initially early on back in the nih. And early to thousands you saw more White Communities it being prescribed to them it was just the nature of access to health care as well but as you got into heroin addiction and moved on to other access to different sorts of pills that it did start to hit communities of color as well including black communities as well as the span of communities and in fact in 201720182001000 you started to see a lot higher rates of deaths mortality according to addiction within the black community so it has steadily been an issue maybe not initially hit as hard according to one study as maybe the White Community simply because they werent being prescribed them as much they didnt have the access to health care and it goes to the bigger role of actually why the federal prosecutors were investigating the way produce pharma and others encourage doctors to prescribe these it was you know people who are dealing with pain it affects people in all communities of color whether its white lack or otherwise but it was just how did their insurance how was you know how did they respond to pain problems and it did trickle down to the black community who is certainly feeling the effects of this addiction just like any other neighborhood and community in this country absolutely we know its a huge problem here in the country mali how much are federal prosecutors asking from the settlement and why. Anywhere between 13 and 18000000000 thats the upper end of what they can ask essentially and theyre really trying to settle twofold theyre trying to settle the civil litigation as well as any criminal complaints and that all goes to you know what did you know when did they know it where they illegally marketing this drug saying it was safe to prescribe when it wasnt where they giving kickbacks to pharmacies doctors the like to say hey go ahead of prescribe this at 90 pills for 30 days and lets see what happens its not addictive so theyre really trying to cover a lot of bases to get as much as they can just like a lot of creditors and you even have some pharmacies that are also you know hit and hit for that last deadline to at the end of july to get their name in the hat to recoup some expenses in this bank. The settlement a few well even though theyre being sued too as being part of the problem and not doing enough to stop the flow of drugs that were going to people so theyre being sued as part of the problem but theyre also now asking for 1st settlement money out of this yes its pretty crazy like c. V. S. It is it is everybody has their hand out everybody say and not my fault so i dont know how you decide whos who but i think thats part of what theyre trying to get to the bottom of and i will definitely follow along to see how this all plays out molly barrows contributor with americas a lawyer thank you for joining us today. Thank you. Time now for a quick break but stay here because when we return kodaks wild spike may be coming to an end were going to break down the investigation into the companys stock and how its putting a quarter 1000000000 dollar deal with the u. S. Government on hold as you go to break heres a number thought the club. Seems wrong when old rules just dont hold. Up to shape our just come out to. And in detroit equals betrayal. When so many find themselves worlds apart we choose to look for common ground. In the early ninetys. A psychologist just proposed to the west. Experiment. Paedophiles. Neglected boys experiment was a. Girl to believe that sex with older men would help with the boys socialization over 30 years many children were paedophiles to raise. The risk for. Someone to go to. Canada has been stuck in the middle of the us china trade dispute wealth and about country arrest of a chinese executive back in 2018 at americas request although china has tried to punish canada through various means including blocking goods it seems the asian super powers hunger for the canadian modesty is too strong to slow the full well artys alex mahela the story. Just a few years ago it seemed like canada and chinas relationship was on the right track renewing our relationship with china is extremely important for cash. Until now. The canada china relationship has somewhat lacked in stability and regularity. And we know that china will play a central role in shaping the Global Landscape in the years to come while canada was happily buying made in china goods china was purchasing billions in canadian products like meat soil and plenty of canola which is mostly made into cooking oil however things went south when canada arrested many one joe the c. F. O. Of chinas tech giant wall way man was detained by canadian officials and being coover on december the 1st 2018 at the request of the Us Government has been held under the suspicion of fraud related to allegations that she violated u. S. Sanctions against iran and is waiting possible extradition to the states with the arrest canada put itself in the middle of a trade war between china and the us since then canada has been punished by china through trade restrictions and allegedly to the arrest of 2 canadians instead of trying to ease tensions with its 2nd largest trading partner after the States Canada has chosen to dig in its heels heres the u. S. Secretary of state mike palm pale canada stood firm against the Chinese Communist party is taking its 3 Major Telecom cares have also banned untrusted vendors even with canada taking action against the asian economic powerhouse now some canadian meat is being allowed into china but canola trade remains strictly limited at least officially the fact is the demand for canadian can all uk also known as rapeseed has recently sort internationally and has found a back door to china while china has deeply cut its canadian imports china is buying canola oil from other countries who buy much of their raw canola from canada as it stands canada is the worlds biggest producer of the yellow flowering plant in fact its canadas number one crop last year it earned Canadian Farmers over 6. Point 4000000000. 00 u. S. Dollars of bad weather and insects which have caused the lowest yield in 13 years for the e. U. And britain for 2 years in a row canadian canola is crushing it although canadian canola exports to china fell by 45 percent year over year during 11 month period through june the countrys total canola exports have jumped by 9 percent with france doubling its purchases and the u. A. E. Tripling its import shipments in fact last week ice canola futures hit a high reaching levels not seen since october 2018 the jump was mirrored by a price rally in china which an attempt to limit supply from canada has caused an increase in cost for the oil at home according to reports a manager with a china based canola importer has said profits are extravagant anyone who has the resources to import canola oil will definitely buy it is like gold oil now currently canadians dog barrels are high and canadas dollar remains competitive meaning as much as china might not like it a little bit of canada will be on its kitchen tables for the forseeable future for boom bust and i would smile of its. Very bad news for kodak after a massive 765000000 dollar loan deal has now been put on hold well thats thanks to allegations of wrongdoing by kodak and its executive as we previously reported the deal came about when the Us International Development Finance Court Announced plans last month to loan kodak the funds to now produce a greedy and drug a gradient that is not attacked or used but now well that deal has been put on hold until these allegations can be cleared up that the f. C. C. Tweeted on july 28th we signed a letter of interest with Eastman Kodak recent allegations of wrongdoing raise serious concerns we will not proceed any further unless these allegations are cleared will joining us now to discuss this bill must cohost an investigative journalist and so on and then lets start with the allegations here whats actually being claimed about kodak. So its Pretty Simple here that little that you mentioned that the 760000000 alone was announced details that were leaked on july 27th but the f. C. C. Isnt getting it number one on what grounds was it leaked in the 1st place thats a very important and that and secondly after that how could that control that a slow zhora of the law which caused the price 25 percent that day and then looking at the fact that Stock Options were granted to exact. On the day. So were looked and Stock Options were granted to executives on july 27th those options instead became profitable because of that 25 percent that isnt the corrupt allegation thats been looked at. Lot of serious concerns here especially from the democrats about the amount of money in this amount alone going into a company like kodak because they have no pharmaceutical experience but were going to follow this and continue to follow it im sure bunce want you will be back with us to break this down further once we reach some sort of agreement or see what happens there boom was cohost an investigative journalist but. Space x. Has been in the headlines for working with nasa to launch astronauts to the International Space station but space x. May also be the next big partner for the pentagon well according to the wall street journal musks space x. Won a multibillion dollar contract with the department of defense making it one of 2 primary satellite launch providers know the deal will see space x. Take over about half of 3 dozen launches over the next 7 years this breaks up the monopoly that was held by United Launch Alliance which is a joint venture between familiar names like Lockheed Martin and boeing well its also a leap forward past amazon c. E. O. Jeff Bezos Blue Origin which also hit on that contract well thats it for now you can catch boom bust on demand on the brand new portable t. V. Up which is available on smartphones and tablets to play and the Apple App Store by searching portable t. V. Portable t. V. Can also be downloaded on newer models of Samsung Smart t. V. s as well as roku devices or simply check it out a portable the t. V. Next time. It was forward to talking to you. Should work for peace. A group must obey the orders given to human beings except were such sure to conflict with the 1st law. Of the. We should be very careful about Artificial Intelligence and the point all fiercely is too great trust ever. Played take on various child playing with Artificial Intelligence will suddenly be. A robot must protect its own existence as only exist. If. The us economy was booming growing numbers of people were made homeless. You can work 40 hours in a week and still not have enough to get housing everybody believes america still is the way of opportunity the reality of it were not financially equality and the lack of Affordable Housing for a living minimum wage gave many people no choice. Just been a problem with the city and all those turn around and told me stay away oh mr colton consider that there is no answer because the records resource the most vulnerable are abandoned on the streets to become invisible comes. The sudden forced and illegal takeover of a government by a small group. So rather than revolutionaries or soldiers could that small group be corporations when you have a tiny group of people who have all the power you have to have some means to make sure the rest of us dont get together and take it back. These are sacrificing. Places that capitalism exploited and destroyed for profit and left behind misery poverty environmental devastation and so you see things like Voter Suppression building more prisons you see. Gerrymandering all sorts of undemocratic practices. In the world. The medline says choose morning of 11th of august gun fire police clash is the 1st fatality the belorussian capital sees another night of unrest following the disputed president ial election there several journalists have been detained 2. Are no we getting tear gassed ok at our break for a moment when i put on my mask all going on rest on the streets of beirut has the governments resigns on mass but its failed and to quell public anger over last tuesdays poor play
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