tv NEWS LIVE - 30 Al Jazeera April 21, 2020 10:00am-10:34am +03
10:00 am
al-jazeera explores the history. behind the systematic persecution of the regime and me and my. exile and i'm not just iraq. this president donald trump announces he will suspend the immigration saying he has to protect americans from coronavirus and save jobs. live from doha and i'm come out santa maria with the latest news from al-jazeera on the pandemic and its worsening financial fallout is for the 1st time in history u.s. oil prices have turned negative meaning some producers a paying customers to take stock of stock off their hands since turn positive again but investors around sold in asian markets have seen this steepest falls in
10:01 am
a month. come back to lena stronger and fitter and the boss of australia's 2nd largest airline promises to reboot and stay in the sky after it collapses under the strain of corona. rollout to come but we'll start with donald trump's declaration that he will suspend immigration into the united states through an executive order he said it in a tweet that it was in response to the coronavirus pandemic referring to cover 19 as the invisible enemy added that he has to protect american jobs. they don't want drew swift condemnation from some in the u.s. democratic party who accuse trump of distracting people from what they describe as his faulty response to the outbreak john hendren with more now from chicago. the president issued this tweet in the dark of night and he seemed to do that for good
10:02 am
reason he could have made his announcement at his daily news conference where he talks about the coronavirus and all of the actions the administration is taking but by issuing this mysterious tweet late on a monday night he gets the morning news cycles where the newspapers 'd in the morning shows talking about what he's had to say and then in the afternoon he gets another round where he explains what his policy is and then it gets to gestate in analyzed again and the president wants to show that he's doing something the centers for disease control just a month ago in a little known action. issued an order that allowed the united states to stop people at the border who didn't have the proper papers and because of the pandemic that order allows them to send people back similarily no court hearing no chance for asylum they're sent back automatically and now the president is expanding that to include any immigration from anywhere. in the u.s.
10:03 am
now we're waiting for more developments on that in a few hours time in the meantime for the 1st time in history us all prices crash below 0 and moved into negative territory they have since come back to about $2.00 a barrel but it is the new shock waves through financial markets there is a worldwide gluts in supplies that factories cars and have planned airplanes all sit idle so here's the team this hour we've got our economic that is abu dhabi's consult more about what a list means what could happen next for the price of oil some wonderful things in baghdad with the impact on an oil dependent country like iraq also did you keep on in hong kong looking at the asian markets we will be with all of you shortly folks this report from a galaxy. at the beginning of 2020 a barrel of u.s. crude oil cost around $60.00 then came the coronavirus pandemic forcing states toward a lock downs emptying streets closing businesses and shuttering factories across the nation demand dried up and the price fell to $18.00 and monday things took
10:04 am
a catastrophic turn for the 1st time in history u.s. oil went into negative territory a doomsday scenario for the entire industry president trump called the drop interesting despite the crash hitting the stock market were filling up our national petroleum reserves through dziedzic you know the strategic reserves and we're looking to put as much as $75000000.00 barrels into the reserves themselves that would top it out that would be a 1st time in a long time it's been tapped out would get it for the right price capacity though both online and see in the united states is filling up since march stockpiles in some locations have risen by 50 percent and some places the price of fuel is now at a 10 year low demand is down to 0 certainty when states will reopen and all this comes as a severe blow to president donald trump is going to great lengths to protect the
10:05 am
oil sector working with both russia and opec to reduce production now the entire global industry is an unknown president in crisis the historic deal to slash production by millions of barrels a day involved saudi arabia russia and other oil producing nations but experts say another global effort is needed we're probably down a 1000000 from our normal 10000000 barrels down to about line that probably needs to come down some more but all the other oil producing countries need to do the same until the the economy recovers the plunging price is a driven by trading deadlines oil is traded on its future price contracts that you to accept. speil on tuesday why is it virtually nonexistent some traders are now paying to get rid of oil instead of buying it the president says the industry will bounce back they got caught and there are a lot of people that are not too happy because they got caught so if you take a look at it you'll see it's more of
10:06 am
a financial thing than an oil situation but because you take i believe in a month or so which go a little bit it's a $25.00 and $28.00 or so it's largely a financial squeeze. if there is a silver lining those on the frontlines of the coronavirus will pay less to fuel because a recovery in demand for oil is now dependent on a crisis that in many parts of the u.s. is far from over and to gallacher al-jazeera miami florida ok let's start in london with our economics. 2 dollars a barrel for oil in the united states can you actually explain that a little more to us and what this means because it's really looking. ahead here. that's right kamar so basically the situation was that i think we've got a lot of different sonorities coming together at the same time which massively absent the price of oil firstly you got the contracts which traders use now.
10:07 am
where in april but we're buying oil which will be delivered in may and the situation is that they amount to storage there is currently to hold all that oil is almost a non existence in the united states where running at about 76 percent coverage in the oklahoma. refineries there so there's no way to put the oil some of that oil has been ports and into tankers at sea 116000000 barrels are at the right this very moment just just standing there just at standstill they're not going anywhere they're just being stored and at the time of the last price crash which we had was in 2000 there was only $100000000.00 and that was after the financial crisis so that was kind of understandable but this is being brought on brought about by not only the current but one of virus pandemic but also
10:08 am
the fact that we had this price war between russia and the saudi arabia saudi arabia was basically annoyed that certain rush air wouldn't come along and help to cut oil production by by 1500000 barrels way back in march but this is progress beyond that and then they had to go to that 10000000 barrels cut which they introduced but again that was insufficient because the global economy is a misapplied by that at this particular moment in time and if you really want to make a huge dent in that then you know you need to show. down production not only in the united states but in the u.s. as well as russia 3 nations together which produce a $35000000.00 barrels of oil where is all crises going next well we're looking at the june contract so far the june contract is holding up at $22.00
10:09 am
a barrel and fingers crossed traders will be the biggest cost to make sure it does stay at that level ok that's the economics of it with the thank you now the impact with simona fulton in baghdad on a country like iraq simona so dependent on oil what feel as if they got their. well there are a lot of fears here about the impact of the latest drop in oil prices the world bank issued economic outlook just a few days ago in which it projected that iraq's economy will contract the g.d.p. growth will be negative 5 percent negative and it also said that the fiscal deficit would reach 20 percent this year compared to a 3 percent surplus last year what is means is basically that iraq doesn't have enough revenues to even pay government salaries if you look back at march the country earned less than half in oil revenues to what it projected last year and it
10:10 am
was about $1000000000.00 short to cover salaries now this is extremely important in a country like iraq which has faced a lot of instability over the past few months let's remember that we've had anti-government protests that erupted in october and 1 of the major grievances there was the lack of jobs and what many people were demanding was to have more employment opportunities but now we're in a situation where the government can't even meet existing commitments to cover salaries of the roughish 3000000 people who are employed by the government so what options does this leave for iraq there are a few so for example it could borrow on local markets what is means is that the government could. borrow against its foreign the reserves but there's a lot of concerns that this could raise inflationary pressures and it's. basically a draw down reserves which are needed to back its currency which is pegged against
10:11 am
the u.s. dollar there's another option that iraq could reach out to foreign lending institutions like the i.m.f. or the world bank but any such programs to offer budgetary support to iraq would be tied to structural reform such as reducing the bloated public sector and investing in the private sector and of course such reforms are extremely difficult to do during times like these. when there is very limited funding to actually embark on those reforms thank you some wonderful scene in baghdad no asian stock markets or some of their worse trading in a month after the us oil price crash the nikkei in tokyo was all foremost 2 percent also hong kong sydney in seoul dropped around one percent as well and things fell in shanghai and singapore as well so did we go pollen in hong kong not a great day on the asian markets are they responding no come all the message that stock markets across asia are getting is that the u.s.
10:12 am
is going to have a tough uphill battle in its economic recovery and that will have reverberations across the global economy and therefore you're feeling the ripple effect here in asia as you've mentioned there most markets across the board are down the hang seng index down nearly 2 and a half percent but it's interesting that the chinese market somehow seemed to be questioned from this they have shed about one percent that's the shanghai composite index and analysts are saying that's mainly due to the fact that china is taking advantage of this major drop in oil prices they're doing some bargain hunting here and they're buying our oil at rock bottom prices china is one of the world's biggest importers of oil one of the big world's biggest users of oil and what you see is companies related to the distribution and storage of oil their shares are doing pretty well and also china seems to be indicating that by shoring up all this oil and say it's likely they're trying to double their amount of inventory china
10:13 am
does not release official numbers on this but analysts are saying but by doing this child is indicating that they are preparing for their own economic recovery from the coronavirus and lockdowns devika pollan in hong kong thank you. our coverage continues in a moment we will look at al canada's energy sector is being impacted by the oil price plunge and also construction crews and others getting back to work in some european countries but there was a warning about a return to normality. and you probably don't want to be in the mediterranean the western mediterranean the next couple days and that might be the clue why the general pattern is still the cold down the east and south of europe that's a cold front represents the sun's out so on the whole it's not that bad this is
10:14 am
developing into rotating rain spreading all the way from the spanish coast through italy towards the adriatic more or less so rain is the blue and his orange that's heavy red circulation here and that coast to spain is not going to be good but further west inspect imports it's cloudy here and is only in the teens but it's not quite as what i have to say if you're in london you won't like that when it's been a chili's to be for days and still the sun is compensating this depicts for wednesday more of a hint of this rain heading towards its chilly course dimia and leaving for example pass the adriatic and spain into the sunny weather the east where the focus around to far as that is raining on wednesday cotton fargo on thursday the sun's out on friday the temperatures slowly rising now what's happening in eastern spain usually happens in morocco algeria still the case the wind is quite strong the coasts are for about eastwards to tunis in fact it could well rain all off for the next 2 days
10:15 am
. but. nice early tests. and trace frank assessments why is italy struggling to cope with the number coronavirus push failure to take really aggressive action really them behind her informed opinion it's going to be much more challenging in a place like haiti where there's one ventilator very relieved to go in-depth analysis of the day's global headlines india done enough to nip the spread of the out of hours in the inside story on al-jazeera.
10:16 am
the global coronavirus pandemic updates now and president donald trump says he will sign an executive order to temporarily suspend immigration into the united states because of the pandemic he also tweeted he must protect american jobs for the 1st time in history u.s. oil prices a crash below 0 and gone into negative territory they have since they come back just to $2.00 a barrel. but the price crash caused markets in asia to suffer $1.00 of their worst trading days in a month and a cane toad care was off by $0.02 it's. the price crash in the us also having a big impact for the north canada is the largest foreign supply of crude to the united states david most of what this report now from central alberta the heart of canada's oil industry. background for more than 16 years glenn karat has been providing fire and safety management in the heart of canada's oil industry with 3 shops and dozens of vehicles the business owner would normally have 40 to 50
10:17 am
employees working at oil and gas sites around western canada but these days he's down to just 5 or 6 workers while hundreds of thousands of dollars of least equipment sits idle it's disheartening to have people sitting at home there for me on a regular basis to find out if we're going back to work and the bills keep piling up and you know if we don't have all this equipment out work and it's cost a lot of money every day every day it's canada's oil industry has been reeling since late 2014 when crude prices haft from around $100.00 a barrel to less than 50 that drop led to bankruptcies and the loss of hundreds of thousands of jobs in oil and gas a vital sector in canada's economy now with more than 3000000000 people locked down in their homes because of the krona virus the demand for oil has evaporated prices for western canadian select alberta's benchmark heavy oil have plummeted to less than $5.00 a barrel. over the past few weeks if prices don't rise substantially the impact on
10:18 am
oil workers here could be devastating opec's record cut in oil output has failed to prop up the price of crude and most canadian producers are now well below their breakeven point we have called it a perfect storm. and in many cases you know the folks that i work with who have been through many different cycles in this industry quite frankly have never seen anything quite like this and i don't think anyone. will possibly ever see anything like this again chad miller was laid off a few weeks ago and with just 30 out of 515 oil rigs in operation across the country he knows he's not alone miller hopes his facebook group oilfield dads will help provide support for those worried about how they'll pay the rent or put food on the table it's nothing worse than hearing about someone's family member you know turning to drugs or alcohol or even suicide and that's it touches all of us because
10:19 am
it's dear to our hearts that could be any one of us last week the canadian government announced a $1700000000.00 aid package to try to save thousands of energy sector jobs but with oil storage facilities already close to capacity and demand at historic lows the worst may be yet to come david mercer al-jazeera in central alberta canada the pandemic is forced to strike me as 2nd largest carrier into voluntary administration after the government refused to bail it out the day to day running of virgin australia has to be placed in control of another company while its assets are assessed and line had asked for an $800000000.00 emergency loan not to travel restrictions lifted more than $3000000000.00 in debt virgin australia has stood down most of its workforce that can we gauge now in sydney explaining why the government turned down that request for help. airlines around the world around
10:20 am
a huge pressure right now so this will come as no surprise to anyone who's been watching this play out virgin australia is billions of dollars in debt and most of its fleet has been grounded to carve it 19 and for weeks it has been urging the government here to hope with hundreds of millions of dollars in laurens to try and get it through these crosses but that has been rejected by the government on several occasions it says that it's not willing to buy a lousy company which is largely foreign oil and by large shareholders with big pockets so it would be a huge blow to the strike if virgin australia did collapse and nearly 10000 workers are employed another 6000 on top of them directly indirectly work for virgin australia and this comes at a time when unemployment is rising because of coronavirus this is not something that the government wants to see happening france has stopped all flights from
10:21 am
outside of europe's open borders shang and area the french transport and environment minister made that announcement saying there are no more international flights outside the zone which includes $26.00 countries and covers most of mainland europe of the european countries which are relaxing their restrictions are being warned though about returning to normal to quickly move back as more of that . morning one of their own medical staff at a hospital had betrayed. the chief of surgery can track to the virus whilst treating patients. after the silence of. these medics is spain's best hope in the battle to save lives a fight the country believes it's slowly starting to win thank you arriving in the capital 2000000 protective masks purchased from china by the spanish government they'll be shared across the country helping parts of spain's economy to reopen.
10:22 am
builders are back at work some heavy industries operating again. these are carefully controlled steps spain's infection rate is now stable but the number of people diagnosed with the virus passed 200000 dog monday 2nd only to the u.s. . the world health organization urged countries to act fast on limiting the spread of the virus. without national unity and global solidarity classed as the worst is yet ahead of us let's prevent this tragedy. it's a virus that many people still don't understand the slowdown in deaths in spain and italy has returned some optimism to europe's financial markets share prices edged higher on monday from their lowest since the 2008 crash but businesses are bracing
10:23 am
for a lengthy global downturn. in russia the crisis is deepening with a lockdown entering its 4th week chairing a video meeting with the regional officials president putin when the worst is still to come. the peak incidents is still ahead and now we need to do everything to flatten this pete. the french government says it's making progress restrictions remain in place until at least may the 11th but there are social consequences to france's strict lockdown rules over the weekend police in new this clashed in paris his poor suburbs mediators have been sent in to soothe tensions. the u.k.'s lock down remains in place with the government saying it's waiting for the right data before easing restrictions the country hopes to start clinical trials for a vaccine next week. as countries consider their options here in portugal
10:24 am
a reminder of how virulent coronavirus is a total of $138.00 refugees out of $175.00 house at a hostel in lisbon tested positive there are concerns about infection spreading quickly in other hostels where social distancing is difficult. europe's shouted societies on very different paths relaxing things too soon too fast could risk a 2nd spike in cases governments are struggling to balance the health of their economies with the health of the people need barkha al-jazeera. we do want to look at some other world news the search goes on in west. in kenya for 22 people were disappeared during flooding on saturday homes and markets were swept away after the rain triggered a landslide killing 12 people this is all happening in the same area where a landslide left dozens of kenyans dead just 5 months ago this report katheryn.
10:25 am
flying over this cynic terrain in western kenya it's hard to miss the devastation on the ground it was caused by a huge margin light after 2 rivers bust their banks it's been raining heavily for days in the more mountainous areas and the impact is felt in this area the kenyan counties. and west palm courts. this is where markets do it until blokes came crashing down also destroying homes shops and restaurants hundreds of people lined the town market on saturday afternoon. stanley corey ran a butcher's shop and was hoping to sell 24 goats. all but 4 were swept away by the torrent of mad. i want people to leave this area. but they would not believe. the water i would give now we have lost
10:26 am
a loved one. to go to the property this was a thriving trading center in a town of about 3000 people mostly talk to said when they were wrong milling. so watered down they ran for safety but others were not so lucky several people have died dozens are still missing rescue operations by the government red cross and other agencies still going on among the bodies retrieved so far a 14 year old girl the area is difficult to get to roads were swept away and bridges downed without heavy equipment to help dig through the rubble young volunteers use sticks to look for bodies. the volunteers have also rescued several people including evelyn could toy. the water was so much i just let it take me i don't know how long i was in it but he felt like an hour i thought i would die
10:27 am
every time i found a tree branch to hold on to the water would take me back and i just don't know how i survived she's among thousands who lost everything many a sheltering with neighbors who are on higher ground the same area was struck by another mudslide killing 60 people last november the government says the community needs to move to safer ground many like evelyn tallis they have nowhere else to go catherine sorry al-jazeera just gone western kenya. chad is opening an inquiry into the deaths of 44 book of her own prisoners in their cells on thursday an autopsy revealed they had burnt lungs from a lethal substance and some had died of heart attacks and suffocation or were detained after a gunfight which has military in february where $98.00 soldiers were killed it. funny the death toll in canada's worst mass shooting is resins in 19 that includes the gunman but police say there may be more victims who haven't yet been found the
10:28 am
suspect drive more than 100 kilometers shooting at people along the way and setting homes on fire in the eastern province of the discussion daniel lackwit this from toronto. this was a crime as elaborate as it was horrific police believe just one gunman was involved and that he's dead shot by heavily armed officers after a 14 hour spree of gun attacks and arson across central nova scotia among those known to be victims of the gunman a 23 year veteran of the royal canadian mounted police the r.c.m.p. others killed were a teacher 2 nurses and a family of 3 including in 1000 year old woman but the lead investigator said he feared there were other victims not yet found we've been unable to fully examine the crime scenes because for instance we have had. 5 structure fires. most of those being residences and we believe there may be that term
10:29 am
still within the remains of those. which. in all the chief superintendent said police were working at 16 crime scenes along more than 100 kilometers of road he said some of those killed were known to the gunman others appeared to be targeted at random so far there's no indication of motive police have not yet found a note explaining the gunman's actions it's hard to imagine a more complex challenge for police with so many crime scenes and witnesses including survivors to interview many days and weeks of investigations lie ahead. canada's prime minister began his daily coded 1000 press briefing with promises of solidarity to communities hit by unexpected unspeakable violence this happened in small towns quarter peake truro milford and enfield are places where people have deep roots places where people know their neighbors and look out for one another
10:30 am
now these communities are in mourning in canada is in mourning with calls are growing for justin trudeau government to introduce long promised legislation tightening canada's already strict gun control laws this is the worst mass shooting in canada since 1989 when a gunman specifically targeting women killed 14 people at a college in montreal a country already traumatized by the pandemic is deeply shocked and wondering just what happened in nova scotia and why daniel lak al-jazeera toronto. is what is taking to the headlines now president says he will sign an executive order to or temporarily suspend immigration into the united states because of the corona virus pandemic he also tweeted that he was doing it to protect american jobs
10:31 am
john hendren in chicago and now our reporting on the timing of this announcements. this is a surprise in this sense that it was delivered late at night not in his news conference where he could be questioned about it and that just happened hours ago here in the u.s. but this is fully in character for donald trump you remember that he had the ban from immigration from muslim countries that was overturned by a court and modified and of course this is the president who his made his who'll be stopping illegal immigration and now in this case he is stopping illegal immigration you can bet that he'll be asked about that in the news conference tomorrow we expect to hear a little more on that when that happens for the 1st time in history u.s. oil futures prices went below 0 into negative territory and have since come back to about $2.00 a barrel but the price crash caused markets in asia to suffer $1.00 of their was trading days in a month the nikkei in tokyo finished almost 2 percent. in australia the pandemic
10:32 am
has forced the country's 2nd largest air carrier into voluntary administration after the government refused to bail about the day to day running of virgin australia is to be placed in control of another company while its assets are assessed the airline had asked for an $800000000.00 emergency loan officer travel restrictions lifted more than $3000000000.00 in debt. also with flights from stopping all flights from outside the europe's outside of europe's open border schengen area the french transport minister says she expects the closure to stay in place over the northern summer in the world health organization is warning against complacency as some european countries ease their restrictions nurseries in no way of reopened and small businesses are trading again in some parts of germany and denmark you are up to date with the headlines on al-jazeera inside stories next. from the talk to al-jazeera we ask what will force were when you saw that document
10:33 am
for the 1st story we listen to after the war saying you'll be in to go build united states of you but we will not be with you we meet with global news makers and talk about the stories that matter on the ground 0 as economic pain starts to bite worldwide tears of the coronavirus pandemic many countries are now beginning to ease lock downs and reopen their economies but what are the risks and will it soften the financial impact of the pandemic this is inside story. i welcome to the program i'm adrian finnegan it's been described as the great lock down by the international monetary fund and it could have created the worst recession in nearly a century both rich and poor countries are affected by measures taken to control the coronavirus pandemic and governments are under pressure to stabilize markets
51 Views
Uploaded by TV Archive on
