The world battles grown a virus. Has the United States enters near total locked in the trumpet nutrition lays out what the future holds and burning and Biden each other with their walkers, I'm Ben Shapiro. This is the bench a parachute show is sponsored by expressing DP and protect your data from prying eyes and expressive gps dot com. Lash by what we're all still here guys can be. Ok, as I said last Friday, it's gonna be ok. We just have to Do we have to do in that mainly means stay at home. Make sure that your family is taken care of here's, a few things for you too do today. Here's what I'm going to try and do today. Anyway, if I'm a good person and I'm going to try and get a few things, first call five friends find out how I'd social distancing means that we are not as human beings to do all the things that we actually usually in times of crisis. Usually when there's a time of crisis you get together with friends, usually get together with your religious community. Now we have. This very odd circumstance were being courage to stay

way from all of our friends happily and from our local community. This does increase loneliness, it does increase links of angst obviously embodies very nervous, is obviously the back of everybody's mind, but here are a few things that we can do. First call five friends, you got a phone call friend use use face time, do something to reach out to five people just find out how they're doing today, find out if an elderly neighbour relative needs any grocery or pharmacy goods and bring them over. Have you got somebody or famine he's over the age of sixty five make sure that their actually stacked up if they're not stocked up- and you are young- go by groceries wore them bring them to them is supply lines are still in place. There may be some temporary shortages of some good that will alleviate, as time goes on, also go out to a local store call. A local store would be even better call a local store and by a gift card. You know that you're gonna use that gift card later and right now, everybody's a cash crunch, so many stores are putting down that. I personally know people who run small businesses and they are seeing their business basically be destroyed by corona virus, because

their operating on slim margins, they're trying to keep people paid. What do you know you can't buy from the store later and you can the store? I announced the stores closed instead by a gift card gift cards to your friends. If you got the expendable cash to do so and just make clear those as is that you're gonna keep patronising business and give them the temporary flowed are basically paying them up front by a gift card from a local store for later use. It'll help tie them over and final Go for a walk luxuriously! You turn off the news. Turnoff twitter go for a walk, don't hang out with people who are working with you, the social distancing and all that but get outside. Look at the sky. It still exists, look at the sun, it still exists. The temptation is obviously to be. Courts are stuck in your house that, just because we are supposed to sell self isolate, sort of does not mean that. And engage with the world around us and there is something inherently optimistic about going outside for a walk. So here are a few tips for tonight now I want to start off to act by giving some actual information uncle Roger is always we do this. I shall always anyway, we start off with them nation, and then we get to the opinion of it. All some use

all information for you about corona virus, so right now one of the biggest problems of crony viruses. We're she don't know all that much about it. Most people don't know, symptoms. They feel like. Ok, if I may know, starts to run about dry cloth. Does this mean that I have quite a virus? The answer in all likelihood not your project, have allergies right, it's the middle of March. The chances are very high. These have a normal, or you have allergies, says good article in the New York Times today by women and Nouvel shake talking about the different. Is between corona virus analogies in what you should be looking for, and this is good to know, because I honestly it's hard not to go to most paranoid place. You start feeling a little bit ill. Like all my. I've got to run a virus in I've got infected the entire planet. My entire families, which is at risk here, are the symptoms that you should be looking for you to consider the time of year According to the New York Times allergies, an influenza tend to be seasonal. If you ever running those in the spring- and this happens every year, allergies- are the likeliest corporate. You may notice last week that a bit of a cough wasn't grown of our executive off literally this time. Every single year, plus I had vast unpleasant, not sleeping because of the new baby rivets winter and

was raging your community, then that is the probable explanation. The flu is far more widespread than corona virus If you have flew like symptoms in warming, whether in a place of documents across various transmission, then maybe it's not. The flu influenza does tendency back in the summer. We don't know yet whether corona virus is going to do the same thing, especially because, as the Times points out there, having krona viruses, spreading in place like Singapore and in the southern hemisphere which are currently experiencing summer. Temperatures also consider where the symptoms first started appearing according to one doktor, is usually your nose in eyes redevelop symptoms of seasonal allergies. Seasonal flu is more likely to affect your whole body, as is the case for many, the respiratory viruses, including corona by yourself- and you have a fever. Headache must legs then We consider a leather flu or grown a virus if, instead you're just getting runny, knows itchy eyes, in all likelihood you just have allergies or maybe just have a cold. It's hard to tell the difference.

Flew and run a virus by inference unit, cold and a flu we all know, and so, if it feels more like a call than it feels like the flu, the chances are, you actually have grown a virus really really slim. So there is a little bit of it. Information for you also, not very many people. Aren't we Is it not our vomiting that five percent of patients with carnivores only four percent are developing diarrhoea so that those are symptoms? Sort of more typical fluvial fever would be the first one read this why everybody is being too four fever body aches fever, chills right down the stuff? Where you you start to worry, even then only if it starts to get bad enough that you're starting to have shortness of brow, Should you really consider going in for a task according to the New York Times? close attention, whether your symptoms, working overtime, discomfort due to allergy remains consistent until you treated or the Elgin goes way symptoms of the fleets and resolve in about a week, but the new growth virus teams, because more severe symptoms than the average seasonal flu seems to have a higher fate at any rate of your elderly, of other health conditions and obviously be quicker to get a test. If you are,

under and your experiencing this sort of stuff, then you're probably supposed to stay home unless it gets a little bit more your mild cases of the flu resolved by themselves within a few days, corona virus tends to ass a little bit longer, but most people mild cases tend to get better in about so there's a lot of information for you. If not feeling great today, then think about that description of symptoms and see sort of which one it fits again. Just a second you some information on where we currently stand in terms of the total number of case counts, and it's kind of fascinating to see how this thing has levelled. In China, while it continues to grow fairly exponentially in ITALY. Also talk about the different strategies. The countries have been you to deal with current virus, because there's a sort of fastening from a data perspective, social experiment currently taking place between the United we'll get to that in just once. I can first, let's talk about the fact that you're losing your her. I know that using your hair? I know I downloaded my Harriman who's that losing their hair thinking about the possibility of Stephen kings. This, and becoming reality. What, if you prefer not to lose your hair, then maybe you should think about keeps because the

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Ok, so here are the total number of coronavirus virus cases by country right now this, according to the Johns Hopkins Study, then Johns Hopkins has really good chart of all this. China's basically levelled off. They ve eighty one thousand cases in China. It had eighty one some cases in China for the last several weeks. That is because they walked down basically seven hundred people, one of the benefits of being off which are in countries. You can do that sort of thing more of the downsides of being an author returning countries. You wait two months to do it try to shoot everybody who talked about it so that that's the downside, the upside is that of it Will you go full off oratory unlock the thing down. Italy is the country that is experiencing significant problems. Italy obviously now has twenty four thousand on her forty seven documented cases with eighteen hundred nine documented death. Now again it difficult to tell what the actual death rate your are, because it is our reliance on who exactly is getting tested and if only the most severe people are getting tested, because you have a shortage of of tests right,

We, the most severe, are encouraged to go get tested. Obviously, that's can be elevated death rate, so there have only been twenty five thousand actual confer case in ITALY. The chances are very high that a lot more people than that have actually obtained Colonna virus. In ITALY, but they had three and sixty people dive krona virus just yesterday, so obviously they have exponential growth in ITALY, IRAN the actual numbers? Are there saying fifteen thousand infected in IRAN when nearly a thousand doubts eight hundred fifty three total doubts accordingly Johns Hopkins, but the numbers It may be much higher because, again, repressive dictatorships have an incentive to lie about their actual numbers. Spain is seeing exponential death, when Spain has nine hundred four nine thousand for her in seven documented cases, with three hundred thirty five told that there are five hundred thirty people recover now as you. As time goes on, the numbers of recovered are going to increase pretty radically to because the number of people in hospitals where finally being released. It takes a little while for people who even Edra Hospital to be released. South Korea

really level. This thing off, if only at seventy five total doubts in South Korea and the total number of documented cases, the eighty two hundred thirty six. That is because south greater signal in social distancing measures they really crack down. They shut down large places of business very early on Germany, is seeing a rapid increase in the number of actual cases, but very few actual deaths, so Germany has six in six hundred. Seventy to actual cases, only fourteen deaths so far, which is kind of fascinating, there's been some theories. I think we're going so wrong in ITALY, but so right in Germany, and one of the furies is that there is a lot of cross generational pollination in ITALY. People tend to hang out with older relatives in ITALY a lot more often than they do in Germany, and this does lead to some serious questions about the measures that are being taken in the West right now. My way, France has about fifty four hunter. Cases hundred twenty seven total debt United States right now, sixty nine total debt and thirty eight hundred documented cases that is working stand on a country by country level. The Lee fascinating thing is seeing how

from countries responded to all this. Obviously, ITALY has locked everything down, but they didn't late. The United States is currently locking everything down my home city of LOS Angeles. Everything has basically been lockdown mare, Eric Garcetti, who couldn't lockdown sixty five thousand homeless. People city, so presumably those people who are wandering around and are absolutely risk factors for grown of Irish, a bunch of people who are living streets who are in no sense clean, I mean they did homeless people are not famous for showering very often or or up keeping with the sort of personal, hardly washing their hands, while we're handwashing going on the homeless community here, unless I was living in areas that are extremely dirty if sixty five thousand almost people in L, a county alone that has not been lost on four years and was basically facilitated by the OECD government. People are being told their stuff couldn't be moved, people were being told. It was fine for them to sleep industry to all of that is but mere Eric our cities walking down the entire city of LOS Angeles. He knows this. Last night I saw in order tonight that will do the following. It prevents people from gathering. In close proximity

by banning and closing, are bars and nightclubs. Second rest France and retail facilities. We will now have prohibited on site food, but permitted for delivery take out and drive through groceries, pharmacies and food banks are, of course exempt from this order of closure movie theatres, though performance news bowling, alleys, arcades, gems and fitness centres will be closed to the public. Ok, so there, is no end date on all of this. As far as Garcetti is concerned, in reality, I can't see this thing lasting for weeks on end May shut down the entire american economy, and this is happening in New York to Aramis IE, eight none of the inter american economy for months? on end- and I honestly don't know how people of the West are going to respond to that sort of thing, particularly if the data coming from the UK is widely different, personal, I'm not How many of this is enforceable unwillingness station a cop, every bowling alley in the United States instead

in a carpet every restaurant. The fact is that, right now people are going to deal with it, because these restaurants will still have heavy levels of take out orders and my family is still gonna get take out for sure. But the how generally police that I mean if the local restaurant has people are coming in and picking up we're gonna, stop zombie from sitting down on the table and eating, certainly a cop there who just gonna hall everybody off to jail? How exactly that going What we ve seen something similar happen in New York City, where build the Plaza Wednesday, gymnast, more events, it? Why I'm see eight months, a man is a moron He shutting down all these rest. In the same way that our city is by the way people in the United States, some some are taken seriously. Some people really are not. There are pictures from Disneyworld last night where it was completely pack. Disneyland is new world I believe, are shutting down, but completely pack bourbon straight there. A cocktail streets last night, having remind people guys like there's a pandemic on, go home. What is that We sought the wording in the sort of situation is actually the start arresting people on mass. We don't have corona virus, which we have not yet seen the consequences of that the truth

that voluntary civil societies in a fairly good job of locking this down so far putting the prospect of government ocean on the table in a way where the government can actually enforce that may carry some of its own consequences. Is its unclear exactly how Garcetti plans to enforce end. This at all. Nonetheless, as we see the measures that are being taken, r, r, wildly wildly different across across countries, in the United States. The CDC is now recommending no gatherings of fifty people or more for eight weeks for eight weeks, which wow wow I mean I fail to see honestly how they don't start putting restrictions on air travel if that is what, if that is the actual risk, if, if what we are being told, is that gatherings of fifty people are basically verboten in the United States in the people should not gather in numbers, and why fifty, why not fifteen or twenty? In basically, there engine in meat agenda. Twenty erasing stay in your home. How do you say to people

in your home for two months for two months and based on the risk factors that we had seen thus far. I understand exponential growth I explained at last week on the show I understand geometric growth rightly explained the last week on the show. We understand the risk factors. The question is: how long can a society afford to be incomplete, lock, down, and how long can meet the? U S? Government take on debt without eventually people saying this is the new normal and the economy completely collapsing right now, a sort of assuming that this comes to an end in eight weeks or six weeks or twelve, a joint effort is as long as we know what the actual and time is like. When this thing actually comes to a stop, then we know in the recovery begins. But if this be comes an indefinite suspension and well disposed to stay home? How long can the government should continue to keep paying people based on what based on the prospect of future growth, if there is no prospect of future growth? That's waste on the markets. Thank this morning, we'll get to that in just a little while, but first let us

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And happy, go legal zoomed, contrary get your business on the right track for twenty twenty legal zoom is we're late. Me too, I'm using legal them for years long before they are. We're ties are on the programme you should to. Why spend hundred but in our own, when you could do it yourself, using legalism check them out illegal zoom dot com today and get on the right track for what is bound to be a volatile year. Legal zoom dotcom go check them out right now, tat. Say the cdc as now recommended that no gatherings with fifty people or more be held in the United States for next eight weeks, which basically means Most sporting events, all movies online came in industry events, it means the end of going to church in any sort. Of large numbers- are synagogue in any sort of large numbers. The cdc does not apply this to the day, the operation of organizations like schools, Institute of higher learning or businesses and added it was not intended to supersede the advice of local health officials. It's hard to see how the sky remain open under those circumstances, mean schools everywhere. Closing my kids were let off at the end of last week, are you. A study was let off the end of last week. The near schools,

Let's have now all been led. All schools across the country are being closed for this. And that is, I would assume away until the summer. At this point, it is March, if you're, assuming a wii, It takes you to middle May, so that point there, boy ran me now summer has happened so so there is no real, to go back to school the cities. Says the recommendations made in an attempt to reduce introduction of the virus into new communities and Displode slow this infection communities already affected by the virus. The CDC urge people to take care. In own only if they can be carried out with adherence to guidelines for pretty only if they can be carried out with it, hearings to guidelines for protecting vulnerable populations, hand, hygiene and social distance. When feasible. Organizer should modify events to be virtual as well Basically, the end of social life in America, as we know California. The state has already told resident sixty five in order to stay home completely. There are now calling for everybody above the age of sixty five, to shelter in their homes, Massachusetts, removing to ban dining in bars and restaurants, beginning on Tuesday effect,

closing Boston Bars for Saint Patrick Patrick stake. Puerto Rico in setting strict measures in the United States imposing a nine p m to five. I am curfew and closing non essential. Businesses grow said were calling for the home. Isolation of all seniors in California, so really stricken being taken. Meanwhile, as I say, let me fascinating sort of counter example is what the UK is doing, that the fascinating counts, for example- and this is really the way that we're gonna be able to tell whether all of this is. An overreaction and whose what we are doing about it or whether the UK is blatantly through this thing up in a lot of people who die because the UK is growing. This thing up according to the financial Times the UK basically asking everybody over seventy two self, isolate for up to four months and in their thing everybody else go out and do you want and the reason are saying that is theirs. English. There is a vast difference in the vulnerability of older populations, people pre existing conditions and people who are younger and it's actually not good to have people who are younger

destroying the economy of the country by staying home. In order to protect people who you can pretend by simply having them basically self quarantine right have everybody who is in the vulnerable population stay home? Have everybody else go to work? And then, if all those people, in fact each other and then of all those people, experience miles and then, if they spend two weeks being logic and they they're saying by the way you have a call for you fever thing a home and self Quarantine for a week, and you do all of that sort of stuff, then few months, there'll be heard immunity that sort of the theory that is ongoing in the UK, without in any way, if they have the same death rate as as the United States or South Korea or China, or even ITALY, then the question is gonna. Be. Did we just destroy the entire world economy for several months on end. In order to protect him we'll population when the vulnerable population could have been protected simply by having them shelter in place accordingly, actual times. The UK government will ask everyone aged over. Seventy two self isolate from two four months has called manufacturers to increase production of ventilators met. Hancock is the health secretariat?

elderly would be asked to take measures to protect themselves from the virus in the coming weeks. He said that the promoted would disrupt the lads, almost everybody in the UK, the question and you think, and of panic messages coming out of companies in coming out of public health officials. The question is what that is based on data or one that is based on the sheer sense. If we don't do, they can do something right now. This thing could rage out of control, so how much of that is realistic? Again, we are now in the forecasting business because here's the thing, if you take these We haven't measures and things don't get really bad to say it was a heavy measures that prevented things from getting really bad. If you don't take the heavy measures things get really bad people go. Why the hell? Did you take the heavy measures? If you don't take the heavy measures and things end up being pretty good that embraces? Why the hell did you take the really heavy measures in the first place, so the sort of safety If this thing to do is a public leader urban same is about president from four, while the safest thing to do as a public leader is too over what's the worst that happens, the u overreact and then there's less death and then

say right: there is less death because I overreacted, there's no counterfactual uk right now is providing a counterfactual, so it'll be fascinating to see whether that counterfactual actually result In the same sort of death rages in the United States, the number of people diagnosed with Nineteen in the UK has now reached thirteen hundred seventy two, the number of deaths, as at thirty five of the desert among those with underlying health conditions, are aged over sixty. Appearing on the remarks on the BBC? Hancock said the governor would introduce emergency legislation through the House of Commons next week to give the authority. The powers they need to force, people to self isolate Hancock also said he could rule out closing non essential businesses like restaurants and bar civil, ruled that out will do what is necessary, but the body sort of differentiation between the age groups. Here again, it may provides a fascinating counterfactual to the. U S: reaction, which is simply been on the order of South Korea or China. And yes, we are reacting fashion. Chinese did we are reacting much faster than the Italians did

the Italians only started closing things down it day. Fifteen, since when this stuff start appearing in their country, we ve got everything down day ten day, eleven now have significant retro, significant ramifications for the economy, of course, and that is why the FED is now more to lower the interest rates and that we will get to the financial implications of this for just sing, but first, a note of a note of of optimum everybody's, can are looking at the empty shells right now in freeing up of the supply chain to remain strong, what's happening right now, as we are seeing the first wave of sort of panic buying people going out there in trying to stock up I get it. I've got a family, I wanna make I'll be out of the item. I wait two weeks ago to go and stuck up as soon as the stuff start hitting the United States as it wasn't, I think there's gonna be a problem, though in stock up, so our fridge is full for people who are not their panic buying right now, but don't worry that stuff will be reached I'll be idiots out there who are saying things like this is what a capitalist economy looks like in times crisis yet and is what a socialist economy looks like all the time: the difference

There is any milk on the shelves tomorrow morning, thanks to capitalism, their world. There will be yours. Back on the shelves this week, thanks to thanks to capitalism, but thank God for capitalism, thank God for supply chains. Thank God for free market The New York Times, reporting isles and aisles of empty store shelves give the appearance. The United States is running out of food, but the nations biggest retailers, dairy farmers and producers say that isn't so the food supply. And they say- remains intact- has been ramping up to meet the unprecedented stockpiling brought on by the corona virus epidemic. Even so, shoppers can most likely expect see some empty shells intermittently, as the nations networks of food producers, distributors and retailers are stretched as never before industries calibrated to supply consumers with just enough what they need and given day cannot keep up with it. Might surge of relentless shoppers. Basically, there's a rush on goods, but folks don't freak out again his lungs you can, as on GM food or enough resource go, get take out for the next three four days, then you will be fine. You don't actually need to stock up as much as everybody is that people are buying like water bottles and friggin about ok, the water supplies like getting shut off guard

If you have to rely on your stock of water bottles, we are so screwed Yankovo, remove they shut off. The electricity in the water has a whole different sort thing, and no one is talking about any of that and if you re met, sacking up really should be starting up on meat right made. Maybe some dairy products like the stuff that has a shelf life but need these sort of panic buying of of thing like water like water is the is the number is the number three panic buying item? Don't be an idiot water is not running out guys. It comes right for we'd. Have it free right, worst comes to the table, what I understand: buying rice and dried beans. That makes some sense by buying pasta that makes sense, although again that stuff is, is gonna last on the shelves for for a long time, but it say it's it's fascinating to to watch as the source of have it'll be. Ok right. All that's gonna have a is gonna be ok. Now it is

the grocery stores that are learning be in trouble, we can get some financial ramifications to all of this in just one second, because the Jones Industrial Average had paused again this morning after the market dropped a thousand points, so we can get to that momentarily. But first, let's talk about keeping your homes and secure their view, ramifications? Obviously the grown up. I was one of those ramifications. There are lots of people who are home, and that means that a lot of people who don't have anything better to do- and there are a lot of people who may be criminals Fart looking around for things to do during this time of of doing nothing, and that means he probably won't your neighborhood be safe right. What better time than now is know exactly what is going on at your property, and this is why you need ring devices I have been in favor bring devices for years and very paranoid about my own security, but paranoia is just the first step in caution. So go check out ring not come right now ring gives you protection at every corner. Helps you create custom, affordable security of your home.

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and you're going to see the entertainment industry. It really hard against the restaurant industry hit really hard right now. That means jobs there. Now that there's some economists who believe that we could lose hundreds of thousands of jobs in the month of March and in months of in the month of April, as people stop going out as we will stop purchasing as people stop bar went to start new businesses, basically, the only things that are open right now in a lot of major cities are banks as well as, groceries and pharmacies the Domestic Box office just saw a shall lacking the Domestic Box office posted it's worth, weaken the nearly two decades amid calls to practise social distancing to slow the corona virus pandemic. The box office experiences We can fully in the throes of the virus outbreak grosses in the US and Canada told just fifty three. Fifty five point: three million dollars, plus all the theatres and in China, are shut down, and that is made. A source of wealth for Hollywood's Hollywood is just getting crushed right now. How would had anticipated we ticket sales but

not really anticipated that all of the theatres would be shut down in major cities, which is what is currently happening. So the dramatic reduction in ticket in ticket sales is obviously going to hurt Hollywood. The question for sports is, what's going on, Ben Mobile Sports really ever recover from this hiatus we ve already seen the NBA has basically suspended the season march. Madness has been cancelled. The M l b is not even a start it season. The question is gonna, be how do you can recover from this? Because six months from now is grown virus really gone is still hanging around the fringes. Are we gonna wanna get together in large crowds ever again are the these ports that are that are more likely to succeed. Gonna be those that are basically made for tv where olive oil, economic, closer than be billions and billions of dollars, and we had on my friend Clay, Travis last week's fourth broadcaster. That's it as a three hour sports I should have felt today like owning the nobody's gonna talk about how much

how can one whose about centre fields of all time, you did ever like three hours a day for ever cogs. Actually is that going to work so at some point you can return, but it's gonna be a long road. So in stop all this. The FED slashed its rights to near zero and then fail a do. Programme to aid the economy, the central bank cut rate by a full percentage points and announced a giant. On buying campaign to inflate the economy against krona virus via basically, the Federal Reserve is now saying: they're gonna buy up some dead thing to buy a mortgage debt there near by. Loaned I'd like to buy up a bunch of debt in order to prevent people from having those debts called on them and prevent, for example, a real estate meltdown as banks losing money from businesses closing down start calling him judge that instead, the governments, Ngos will back the mortgage that don't have to worry about it. Let people let peoples I've right now put everything on plus. That makes sense right mean this. Is it

global pandemic. It will come to an end. At some point. People will go back to work. There will be a recovery. What doesn't make a ton of sense to me is the FED dramatically Loring its rights that is going to solve the problem, but they now run out of bullets. There are no more bullets. The reason people aren't buying and borrowing right now has nothing like literally. Nothing to do with the rate of borrowing is that, as though, if you lower, but is the typical theory behind the FED lowering interest rates. As that you want peace borrow Yonah jog economy to lower the interest rates to get people to borrow, but this is a a misperception of why people are not. Borrowing now. Nobody's borrowing right now, because who the hell to borrow into this economy? You know borrowed started this right now. Nobody is going to do that are owed by a new house right now. I can barely pay the more here in the house that you got rabies lowering the interested Nesbitt tend to revise your mortgage, but lower in your interest rate, is, is not actually going to radically change the state of the economy. Because again underlying issue here and the underlying issues fairly obvious. It's all the world,

I make a nobody going to work every that would be the global underlying it. There's a big difference between that and, for example, the stock market crash of nineteen twenty nine that was not brought on by an actual real world event. They jogged everything to a complete and utter halt. What it does not want. You thousand. Seventy thousand eight worthy banks had basically bet on the real estate market, and then people started being unable to pay back there. Their sub prime mortgage is and the real estate market collapse in on itself, they'll, just banks making bad bats initiative had been forced to eat the bad. That's also what's happening right now. What's happening right now is an external events, and that external shock is destroying the capacity of businesses to operate so backing the capacity of businesses to operate, or at least not lose their short right now that makes sense, but lowering interest rates generally it's not gonna causing optic any economies, cause people to borrow, and that's why you're seeing the market actually be they this guy major hit. This morning, the DOW Jones Industrial Average was at an early hour about seventeen hundred points down over seven percent the market

opened immediately had to shut for fifteen minutes because of the DOW Jones. Natural average didn't where'd, you we going up and down for a while here guys, ok bottom line is Yo Yo. Nobody knows where to press the market, not even knows how bad this thing is: gonna get, and so on the absence knowing how about this thing is gonna get made very because tell where allotments Simon thing for a while, if you can afford to buy and hold framework period of time now is not a bad time to buy. I'm not saying this to the bottom of the market. I don't know where the bottom, the market, as I know that in ten years this not with bottom the markets going to be in five years, even in three years, even in two years. I think, but with that said, I can say that this is about it s, time to buy Mohammed L area and a friend of the programme and other the head of Ali all right. He has suggested for encouraging people by right now, in this sort of volatility is probably mistake again, that's if you have to sell right. If you had asked for liquid, now is actually a to good time to buy, because if you can buy in whole than you're, never gonna lose money on the market over broad periods of time. In addition to cutting its benchmark interest rate by full percentage point returning into a range of zero point, five percent-

the feds had will inject huge sums into the economy by snapping up at least five hundred billion dollars of treachery securities, and at least you a billion dollars of mortgage, backed at over the coming months. That again makes perfect sense, because if your backing the debt of peoples that the banks will have to call in a debt and remove people from their homes, for example, foreclosure rates and people, people's house value. Dropping that's a good thing for a short term, shot justice from insulate against that. That's not bailing out the banks that is bailing out everybody, but if you're talking about spiking the economy by somehow lowering the interest rate that doesn't, Any sense, president from praise the central bank move such a sure, worried Americans that food supplies would not be disrupted present trump has been something for a very long time about the lowering of the first rate, but that is sort of a bizarre. I again or a bizarre reaction. The problem here is not the interest rates. People are not borrowings or not. Borrowing in spiking interest rates to zero is not actually going to cause Bialik again. Who's gonna go and take a lonely economy like anyone, ok and lowering infringed zero ain't, gonna change thing that does not

all the underlying economic problem. But here is President Trump praising the federal cutting interest rates. Does Europe he's been calling like if trumpet had his way by the way worth noting it from that? Is why a year ago, wait a minute zero. The federal interest rate then would have no bullets left in the chamber. Now we're out of bullets. Some new really help very much by the way worth noting We are so irresponsible to people we just in terms of our government. We ve been a trillion. Where's, your more than we taken, we ve been trillions. We spend ourselves between saying that what you think happens when a crisis it and I actually have to take out that we're like the moron, when I bought a boat every single year and now the way earlier the family, died, and now at all, you know what been smart not buying about every single year, because now we shall have to take out some debt idiotic anyway, here as president from praising the FED for cutting races zero I want to congratulate the Federal Reserve, For starters, they lowered the federation from it was which was one to one point, two: five and its people,

or down to zero two zero. Point two five and that's really good news is really great for our country. Things were very happy. I have to say this very afternoon did it at once said that in Turin, Forceps overlooked It is time they did one step, and I thank them people in the market should be very thrilled. I will say president from Sweden, the target not accurate. My friends not accurate over the last two weeks. You like markets can be fine and now he's like yeah people on the market will be thrilled. He said this yesterday, there's only problem the market immediately open around eight percent, had to shut for fifteen minutes and is currently animals. Two thousand points so ya know on that. No on that, it turns out that the president's red on the FED is not an accurate red on the federal government to more on the on the global economy and the and the economic recovery that may follow. After all of this, we can hope and then we'll get to more of president trumps administrations. Policy will gets a debate between

Joe Biden very centres that no one cares about last night, but to all these demonstrating that they should not be anywhere near the levers of power. We gets all that in just second. First, let's talk about people, eight or company. Who you may not be anymore? Not right. Now is an excellent time to make sure that your employees getting paid. Frankly, I mean there is a great time to hunger down, make sure that the people who love the people who we need are still making a living. But if you can do that, that's great, but if you are looking for somebody better than say a person who comes back office having been exposed to grow a virus blithely waltzes into the office and just proceeds to take office, sure dont, Carnegie, indefinable candidate for your growing business, zip, recruiter, you're, smart, efficient, hiring solution, zipper grew, makes hiring gray people faster and easier. Today, you can try super cool for free at Super coolers outcome, Slash daily, where, when you had over to procure with one

We had some precludes outcome, Slash daily, why are when you had over his had procured with one click, send your job zipper crews network of over one hundred leading job sites. What happens next well zipper defines the best matches for your job and invites them to apply its effective, that four out of five important post unzip preclude you get equality candidate within the very first day. So, if you're looking for a place that employees than bugging you for a while now is the time to do it over zipper corridor that come slash daily, where that is zero quota. That comes, I d, I uh, why don't you worry, zip, recruiter, dot com, slash daily is, is indeed the smartest with a go check them out right now. Other news, so many of us are driven to isolation, ran up. It is really important more important than ever. I think that we can get the community particularly online. The good news is, we are an internet company. At the daily, where we want to do everything we can to help our members through this difficult time in hang out together in our reporting, we're making sure we bring you facts, and we always do so. You can understand the situation you can properly prepare in addition, can be informed

We also want to help our members take their minds off the stress of the situation, and so we're alone something your accelerating the launch of a new show called all access live. Germany boring and I wanted to host the first live episode tonight at five p M Pacific, eight p m Eastern. Don't worry we're safe. Both of us were he's not gonna get me Corona. I'm gonna give him corona. We are neither of us experiencing symptoms, we're working, additional programming for this week, as I speak, we want to hang out with you. I understand was- and I remember, being in law school at Harvard LAW, I remember, the long winter is being alone in my dorm. Basically now all me in Moscow hang out alone ardour and nothing is comforting as quite as being part of a community. I might we want, they show give your all to hang out with us at each other. Will then discuss things outside of the current news when top what religion and movies and yes will do, the best seller, fielders ever everyday level. We're just gonna hang out because I don't like now is a great time for us all that we can have person, but we can hang out online as we do anyway. So why not expand? That's that you can actually get off this night a little bit and just some time with us, the show is intended for all access members,

during national emergency in terms of isolation or opening up to all of our members. We're gonna get through this wouldn't be stronger as a nation and as community, when we do. I really think that we be the socially we have to physically distance booter after social innocence. I hope that you can join me this evening at five p M Pacific, eight, p m Eastern. Remember, Oliver, members are able to watch live stream and you live stream- enjoined live chat. We are a community one hang out with. You is actually my personal suggestion. I would like to, I think, really important I'll hang out together. So let's do this thing tonight. Five pm, civic, eight pm eastern we'll see. Don't you get out a daily where it can become a member? Remember you and have to be an oasis member right now you may have to wait or, but right now are opening up to all of our members of all levels of good check. Us out, right now, over a daily wire dotcom. We are the largest fastest Conseil replied: Captain Radio shown the nation. So again The fact is a band aid on a gaping mood than your times. Reports. Investors were confronted with weak economic readings out of China and the United States chinese officials report. Retail sales manufacturing activity

investment in the first few months of the year had slumped even more than economists expected, a gauge manufacturing activity in York state collapsed by the most ever in history. In a month, economic analysed with the investment bank Jefferies and unfortunately this is a new reality. This report is a harbinger of what is to come. European markets also tanked. On Monday, falling more than six percent. France's main stock index fell briefly by ten percent. The over were intended to ensure that credit flows freely spring businesses and households to continue borrowing in spending, but again, as the Addis nobody's actually to borrow and spent in this economy. They need at the FED was gonna solve this thing. The bed is firing. The fetters firing let's enemy asthma. That's not going to work! That's not the way any of this works. Meanwhile, the house has passed a sweeping corona virus. Responds package has got some good stuff in some bad suffers. Her usual with our government, that that included a bipartisan vote to expand access to free testing which

This is good, providing a billion dollars in food aid and extending sickly benefits to vulnerable Americans, and one of the main problems of extending sickly benefits you vulnerable, Americans without government backing is. That is a pretty good way to bankrupt small businesses that are operating right at the margins. It's easy to say small businesses should basically keep taking hit when they're not getting any income. But what happens when all of those small Business act of small businesses have to declare Bankrupt literally talked to a friend who runs a business yesterday. He doesn't major catering and an event business and he said to me, like I may have to declare bankruptcy. I sent him ok what you do and then everything gets back on track. I'm always here did you alone, like really by. I think that people should help each other out if they have the resources to do so, but the new legislation that forces small businesses to cover paid sickly, that's often

games until it turns out. They are talking about small businesses that have like seventy five employs. More than fifty have. Seventy five employs another expected to pay indefinite sick leave for people for what weeks at a time, even if the business has to shut down in an bandwidth unbelievers. Any time limit on that I think that the democratic world pass this thing without a sunset provision, which means that even have grown a virus end. That would still be the case, long, sigh, blowsy, major majority leader EAST anywhere said he expected. The house committees be working through next week's resource and a new bill meant to address the economic damage wrought by corona virus, which is devil. The airline, hospitality and entertainment industries met minority leader can Mccarthy's, and I think this is a very good sign of bi partisanship and working together that we can overcome the virus. In president trumps. Approval of the bill was forthcoming. The twitter He republicans caution there. Still lingering issues related to attacks credit for paid at family, sick leave. Mccarthy want some businesses to have a little bit more flexibility, because

now there is no flexibility in the rules when the major obstacles involve the president's personal demand for Perrault Tax cut in the package Democrats, we're not willing to go along with that. Further actions are likely to be taken in the near future. The cancellation helps bride free food for children who schools are closed during the crisis, as well as other initiatives to make sure that seniors and food banks get help as well. One of the problems with the free school Lunch programme, of course, is that you might be better off just giving the families food directly re May, instead of the extending the free school lunch programmes which, by the way, have been a fairly large scale. Failure across the United States in terms of the amounts That's been thrown away, maybe you'd be better off just giving the Andrea thousand dollar tax credit rages, give everybody a thousand bucks for the moment in order to get through this crisis. I mean your effectively doing that with businesses anyway, legislation glued fourteen paid sick, these four employees, as well as three months of paid emergency, led three months of paid emerge, you leave much higher and how they expect businesses, whether that three months are paid him. Chauncey leave who's gonna pay for that employers

We remember for some of the costs through tax credits. Ok, good luck with that at that european citizens, the emergency we provision, expires in near the paid sick days- do not expire in a year, but very small businesses are being exempted from the requirement, but that seventy five employees is a mass of business you're not being exempted from any of this, so again not a very good bill, but this is the way that we do legislation in the United States. We don't actually tailor the remedy to the actual problem. Meanwhile, the the White House praising the the bill, my pensiveness bipartisan deal is gonna help take care. Those who need here's. My present yesterday do you. It passed the house last night The centre earliness wheat next week delivers on the present plan, strong health and economic support, particularly focused those most impacted, including heart, working blue collar Americans who may I currently have paid family Today it provides free

Karuna virus testing for uninsured Americans and builds on the decisions of President Trop made expand. Being coverage of format AIR Medicaid and also getting a commitment from private health insurance companies to join with us to waive all cooperate on crew virus testing myself everybody's very happy now the bill will see what the cost is. But again we could afford to be irresponsible. The bill act as if we had not spent the last. I don't know forty years building about twenty two trillion dollar that it. Meanwhile, Scott that Leap who's been won, can a darker voices of doom and, in essence, is an average of means that he's got a pretty dark vision of what can happen with growth. A virus, the former FDA head under President Trompe says the White House is on top of this. The federal response is now appropriate to the situation. I've been fortunate to have the opportunity to talk to officials in the way has all through their some. Some of the calls that I was making Tina conversations I was having go back to January. They ve been on top of semi

been concerned about this. I've been talking to White House staff, and this would have been concerned about this gate, Deborah Bergs saying something similar, although she is saying that the cases are going is by now notice when we follow the numbers. Of course, the case they're gonna spike part of the reason the case organist, like some of that, is going to have to do with presumably the exponential growth of a virus, but part of that and have to do with increasing so do not be alarmed by the mere spike in growth. Note that did. The testing is lagging, it has been lagging so, as the testing becomes more common than the feds renouncing, there should be up to four thousand how today it's gonna quickly escalate from there with more tests come more positive, and that means that you are going to be a spike in the number of cases in the United States. Do not be surprised by that. Do not necessarily be alarmed by that. If it continues to be exponential after we ve taken all of these measures, then we can start being like supremely alarm, but Deborah Burke says yeah that there will be

spacing cases, so you will notice, as these tests were allowed over this next week, we will have a spike in our curve. For those of you who watched China and China reporting remember when they change their definition and all of a sudden there was a blip in their curve. We are going to see that you're going to see a spike as more and more people have access to a Anthony algae? He says was an possible. Hundreds of thousands or millions of people could die of kroner virus. That sort of information is not supremely useful and ensure that possible. What are they can we get legal, but can we get like some sort of bell curve on and what are the chances of It is not like an outlying estimate is an inland. Estimate. What's the data based on, I understand these anti being he's getting sound and I understand you wanted to take this seriously, but more information would be good, more transparency, good his doctor, Anthony fancied, the head, the National Institute of Allergy infectious diseases. There been estimates of hundreds of thousands of people.

The? U S who could die or in the worst case scenario millions. Can you tell the american people that that is possible in its path? people, because when you do a model, you have a worst case scenario: the best scenario, and the reality is: how React to that. Will depend where you gonna be on that curve. So obviously we are clearly going to have more and more Sean's there's gonna be more problems it with regard to morbidity and mortality. Are we really don't have the full information but the point of values. Making, as you say, listen, do everything that you can. He says: dramatic reduction interactions would be what is called for here. Basically stop interacting with people for the foreseeable future. Here, a stout yesterday and state of the union. Would you like this a national lockdown? Basically, people you can't go out to restaurants, bars union single will. I would like to see a dramatic diminution.

The personal interaction that we see in restaurants and in bars, whatever it takes to do that. That's what I'd like to see Ok, he continues along these lines and he says that the travel there good idea, despite the media's hatred for the travel bans here, is doctor of in the press. This decision to to essentially a major blocking of of travel from China that already had an effect. Not seeing the way in Europe. Italy didn't do that and am I I feel so, bad because somebody friends they are. They are getting hit hard work doing now with the other travel restrictions. So you block infection from coming in and then with. In is when you have containment amid again and that's the reason why the kinds of things with doing may seem like an overreaction will keep us away from worst case scenario and want none of who stopped all this from becoming political, obviously was going to become political with with

we're finally passing some bills? Maybe they'll shut up for the moment, but the the continuation of the democratic presidential race means that this is going to continue being quite political. The democratic debate last night took place basically an empty rooms, Joe Biden and Bernie Sanders, I'm sure the ratings were abysmal. Nobody wants to watch a democratic debate in the middle of this watch. Two octogenarian going out o clubbing each other with their with their walkers honestly Bernie Sanders has no more opportunity to win in this race or cancelling primers. We speak by the way has not even as though Bernie as the then maybe Bernie gets lucky in and out and retires, because he is obviously not fully functional. But that is highly unlikely that what suffice it to say. It is not a great thing that all of the candidates for present United States are in the corona viruses. Sweet spot, hey Joe Biden is old, with underline health conditions? Bernie Sanders is old, with underlying health conditions down from his old with, of course, none of this is a recipe for for greatness. Here. The democratic debate last night began with elbow bumping,

coughing, which is always a great signed to America. I heard the two democratic candidates last night: do you think, this social isolation thing Regarding the home right was that an elbow the job of Bernie Sanders my job, I? What do you say to the american people who are confronting This new reality First of all, my heart goes out to those I've already lost someone or those who are suffering from the virus, gazing It's always good news. Joe Biden was confident orbit last night, neither Bernie nor by and by the way, look like. They were fully functional mentally there. Each making the kinds mistake to make way for eighty years old minutes. That's not because their bare dumber in an age of the way that it works with all that sad, the polarization here is not going to stop me. Trump surgeon general. He told reporters yesterday guys like for the moment. Can we cut it would like the retrospective criticism, but just for a moment, you can always do this later, like just wait, two weeks, if you're trying to solve a problem like Now that's one thing, but if you're just bitching about something that happened seven weeks ago, the Trump said maybe to put that aside for, like the next five

that's why we try and get a response together once you are to understand from straight talk from the nations doctor, We really need you all to lean into and prioritize the health and safety of the american people, no more bickering number partisanship no more criticism are finger, pointing they'll be plenty of time for that we all need to hit the reset button and lean into moving forward that health and safety of their people are their top priority more stories on how people can protect themselves more people on we're happy can get the resources that they need that we ve unleashed from the federal government and state and local governments less stories. Looking at what happened in the asked again, though, be time for their May, that is, Doctor Jerome, atoms and heating. Ripped up and down by the media, who are saying what we wanted to cover the same. Of course you can cover this anyway, you want. The question is: are you your eye on ball, which is making the coverage making the the responds better. Or is this really more about political posturing, and that remains

there remains to be seen, except. I think that the last few weeks approved that it doesn't remain abuse. It is pretty obvious that the media to heavy ruining interest in these groups of the Trump Administration, as something that they want to do something that happened. Americans it using they there. They are not unhappy, went from messrs things. Up already we're gonna get to some things that I like and some things that I hate to things that I like, so your in time on your hands. If you like sport, but all the sports are off the tv, the tv, let me just recommend the greatest baseball book ever in history, it is the new bill. James Snorkel, baseball abstracted hasn't been updated for quite a while, but it is just fantastic. Basically, he ranks every player pretty much ever rings like the top hundred players in on each positions of Europe. Baseball fan. There's things like the ultimate bathroom book. It is just fancy. Stick on every level bill. James of course revolutionise the game of baseball by focusing so much on statistics and looking for new statistical ways to measure exactly who was good and who was not. It was built James, who came up with one of the key statistics that we now use as opposed to the old fashioned statistics.

We used to focus not on banning average. Now everybody, of course focuses on on based percentage. We should focus a lot on banning average. Now people focus on on sluggish percentage rate or on base plus lugging. Better gauge of how good a player is than simple batting average, because if you get a lotta heads, we don't walk ever. That may not actually be the best that the New Bay, Belgium's historical baseball abstract is just some get lost in four hours and a half hours on your hands unless you have kids, unless you have kids, in which case your basically group? Let me point out that all of my heart, my heart, goes out to people who are single and go home. For this whole thing. My heart also lose out as a parent. My heart goes out to all the people, who are just told that they now have to home school their kids for the next two months and suddenly had become teachers who cannot set up play dates with their kids. Another gets can take their kids to play. Gems can take their kids to the park, is while the equipment over there and basically have now been relegated to little hole a little house on the prairie style parents for next foreseeable future, so shouts my wife.

Now dealing with this at home as we speak and and good for a good for all of you for doing what you can to make sure that you could have a filling experience during this time. People have been asking me what I say to my kids in the middle of a balanced, and when I say to my kids is listen, everything is gonna, be fine and basically you get early summer vacation. The brig probably just have to hang out with us so either. I think it'll be honest in my kids excited about it, the more excited about it. Then. I think any parents are at this point, but we were all hanging in together. No quick reminder tonight. We are gonna, be doing some extra programming just for our members over a daily wired outcome. Normally it should be all access kind of stuff. Any of our members now get access to. It will then be broadcasting live at five p M Pacific. Eight p m Eastern so that I'll get the rose. You got a wooden trying to low but extra programming in the evenings, so you have something to do and a community together with online to go check it out of our daily work. Now it's a great I become a member. Go check this out right now,

for a daily wire, otherwise will be here for two hours later today and will be back here tomorrow. To recap: everything is it's going on stay safe out there to carry her family, go for a walk, they could call to a friend make sure but he's doing. Ok, we're gonna, get thrown together, we're here with your every single day, seeing them but I'm bench brothers, the bench Barroso. If you enjoyed this episode, don't forget to subscribe and if you want to help spread. The word. Please give us a five star review and tell your friends to subscribe to reveal a born apple pod cast Spotify and wherever you listen upon. Gas also be sure to check out the other dearly, whereupon pass, including the end reclaiming show that Michael all show and the mat Walsh thanks for listening, debenture Piero Show is produced by coltan, has directed by my joy or executive producer, Jeremy, boring supervising producer methods, lover and Robert Sterling assistance. Rector Pavel White, asking technical producer, Austin Stevens play back and media operated by Nick. She had associate producer Katie's Winterton edited by ETA,

I have it. Audio is mixed by MIKE core amino here and make up is by Nikko Geneva. Dementia bureau show is a daily where production, copyright daily wire, twenty twenty everyone's Andrew claimant host of the Andrew Clayburn show the big question America is facing right now is: can we pull together to protect the health of the most important and vulnerable people? Elderly podcast hosts the claimant, only one person, but we ve, keep him safe. I'll, tell you why, on the Andrew Clayton Show.