Ep. 6 Feat. Digital Lawrence: Why Zoomers are getting left out of the stimulus package, The Travel industry may never be the same, The FED and the Treasury are one?

Welcome to another episode of the Modern Markets Podcast!

Episode review:

In this episode, DigitalLawrence joins Tytan as they discuss the following topics:

A new backdoor for the treasury to have access to the FEDs printing press via the ESF.
Zoomers are getting left out of stimulus checks if they are dependants on their parent's taxes and attending college.
The travel industry may never be the same again.

Global Markets Update:

North America

Canada is now imposing travel restrictions on those exhibiting COVID-19 symptoms. Starting Monday, any traveler showing possible symptoms will be barred from domestic flights and trains. The Canadian government is holding private airlines and train companies responsible for carrying out these orders.

South America

A cruise ship off the coast of Santiago, Chile, is being prevented from docking on fears of infected passengers. 42 people on board the ship are complaining of flu-like symptoms which can also be symptoms of the coronavirus. A number of cruise ships are in similar positions. Getting people on these ships is challenging as coronavirus test kits must be brought on board.

European Union

The British Prime Minister, Boris Johnson, has tested positive for COVID-19. On Monday the Prime Minister issued a “shelter at home” order, severely restricting movement in the UK. All non-essential businesses are closed and police have been authorized to break up gatherings. Johnson is arguably the most visible person in the world to be diagnosed with the disease. His health secretary has also tested positive.

Africa

South Africa is following in the steps of the US in tracking its citizens. Vodacom Group Ltd and MTN Group Ltd, two major telecom carriers, have pledged to make their mobility data available to the government. The data will be used for “high-level aggregated data on how people are moving to help curb the spread of Covid-19.” As we wrote weeks ago, widespread monitoring of the population is a likely outcome of this crisis.

Asia

Japan is increasing border security amid the COVID-19 epidemic. Prime Minister Shinzo Abe has announced that Japan is placing all people traveling from South East Asia, Africa, and the Middle East under a 14-day self-quarantine. The continued apprehension around the coronavirus has also postponed the 2020 Olympics, previously scheduled to take place in Tokyo, back one year to the summer of 2021. The postponement of the Olympics is expected to cost the organizers between $2-3 billion.

Data brought to you by FomoHunt's lead analyst Kaltoro, and your host Tytan Inc.

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