Skip to main content

tv   NEWS LIVE - 30  Al Jazeera  April 21, 2020 11:00am-11:33am +03

11:00 am
this is 2.0 the hunt for the. this president announces he will suspend immigration saying he has to protect americans from run a virus and save jobs. every one. of this is the world news from al-jazeera for the 1st time in history u.s. oil futures have turned negative meaning some producers are paying customers to take stock of their hands. since turn positive again but investors have been rattled asian markets sold their steepest falls in a month. come back later stronger and fitter the boss of australia's 2nd largest airline promises to rebuild and stay in the sky after it collapses under
11:01 am
the strain of coronavirus. has declared he will suspend immigration into the united states through an executive order the us president in this tweet said it was in response to the coronavirus pandemic he refers to it as the invisible enemy and added that he has to protect american jobs so well that was an announcement of 3 swift condemnation from some in the democratic party who accuse trump of distracting people from what they describe as his faulty response to the outbreak we'll start with this john hendren chicago. the president issued this tweet in the dark of night and he seemed to do that for good 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
11:02 am
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 and 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. now on top of that we've had for the 1st time in history u.s. oil prices going below 0 into negative territory but have since come back but only to about $2.00 a barrel and that sent new shockwave through financial markets there is of course
11:03 am
a worldwide glut in supplies as factories cars and airplanes will sit idle we will talk that through in a moment with our economics editor more on what it all means what could happen next or you can also say we have some wonderful team in baghdad of course iraq an oil dependent country and to figure pollan in hong kong looking at asian markets team we will be with you shortly 1st and again. at the beginning of 2020 a barrel of u.s. crude oil cost around $60.00 then came the coronavirus pandemics forcing states toward a lot downs emptying streets closing businesses and shattering factories across the nation demand dried up and the price fell to $18.00 a monday things took 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
11:04 am
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 1st time in a long time it's been tapped out would get it for the right price capacity though both on land and sea in the united states is filling up since march stockpiles in some locations have risen by 50 percent in some places the price of fuel is now at a 10 year low demand is down there's no certainty when states will reopen and all of this comes as a severe blow to president donald trump he's going to great lengths to protect the oil sector working with both russia and opec to reduce. reduction 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
11:05 am
another global effort is needed we're probably down a 1000000 from normal 10000000 barrels down to about 9 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 are due to expire 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 you take a look at it you'll see it's more of a financial thing than an oil situation but because you take i believe in a month to 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 front lines of the coronavirus will pay less to fuel
11:06 am
because a recovery in demand for oil is now dependent on oil prices that in many parts of the u.s. is far from over and to go across jazeera miami florida all right starting with our economics editor. but this is all future looking i think it's really important outlines of people that we are looking a month ahead and then i guess effectively have to start looking another month off the bat and say does the prognosis look any better. you're absolutely right they're a man so this it is a contract which basically means that you're going to get the lid off your oil in may and not not seen april where we are right now and the next contract which starts tomorrow is for deliberate in june and that runs for another month all the way through to the middle of may and then we should have a change of contracts now we had a lot of stuff come together at the same time which had
11:07 am
a massive impact on your price yesterday $1.00 of the problems was that there was a huge amounts of all bets are on the oil which or which people predicted would actually be higher than the price is currently and so we're going to see you know the next 3 days we're going to hear a lot about companies maybe investment banks who are in the market maybe trate houses who are made huge losses we already know that is trading has it's our team singapore which couldn't get a $3800000000.00 loan from its banks or to cover some of the slots this and. june price is also roughly at about $22.00 a barrel and trade you hoping that that remains the norm because anything below would be absolutely destroy the all the u.s. shale industry which could lose millions of jobs thank you for that our but only our economics editor and london at the moment we've also got some wonderful team in
11:08 am
baghdad a bit of perspective someone or from a country which is so reliant on oil they must be concerned about the us. indeed and the drop in oil prices is already having a profound impact on iraq's economy according to the latest world bank projections g.d.p. growth is expected to contract by 5 percent this year while the fiscal deficit is expected at over 19 percent that's compared to a 3 percent surplus last year now what this means in practical terms is that the government cannot even pay salaries for its own workers as well as pensions if we look at the month of march the government earned less than half of what it had projected last year and it was $1000000000.00 short of paying salaries now this is an extremely precarious situation in the country where the government uses salaries and public subsidies to ease political pressure and also let's remember that for months now we've had a widespread anti-government protests in one of the major grievances of those
11:09 am
demonstrators was the lack of jobs so here you have a government that has tried to ease those protests by promising new jobs but right now it's in the position where it can't even on or all the commitments to pay roughly 3000000 people it employs in the public sector now that leaves it with the following options it can borrow against its foreign reserves but of course this comes at a risk of not having sufficient foreign reserves to back its currency which is pegged against the dollar and it also has the option to borrow on international markets but for example if it were to reach out to the i.m.f. and world bank for budgetary support it would have to accept several recommendations to restructure its economy and of course that is something that is very difficult to do at a time of contraction thank you simone a full team in baghdad's european markets have opened lower on account of this u.s. soil price crash or you've got some gold stocks $600.00 it's a pan european index would fill about one percent at the start of trade puts in
11:10 am
london 1.7 percent the dax in frankfurt accounts in paris spoke to pursue. down and that south well the worst day for about a month in asian stocks tokyo's nikkei finished almost 2 percent dumb hong kong sydney seoul off one percent and shanghai and singapore down as well so difficult pollen in hong kong pretty poor picture right across europe and asia there how the asian markets responding now welcome all the message that asian markets are hearing is that the u.s. economy is in trouble and it's likely to have a huge uphill battle in trying to revive its economy and that's balance effect the global economy economic recovery and you're feeling the ripple effects here in the stock markets across asia as you said there many of the markets closing down or edging downwards to the close but what's also interesting is china although it is
11:11 am
closing in negative territory it seems to have been boid by certain stocks that have to do with the oil markets talks particularly not necessarily oil companies or refineries but stocks that have to do with distribution and storage and i want to say that's because china is slightly trying to boost up its oil reserves in other words take advantage of these extremely low or negative oil prices to shore up their reserves that they have now trying to is hoping to open up its economy and get it restarted again after the coronavirus of breaks the message it wants to send is that it is on the path to recovery and by boosting its also talking oil reserves that having them at such cheap prices that can only help their their plants there you go problem with that update from hong kong thank you in the news ahead. brazil's president joins a rally against isolation measures and and so
11:12 am
a long political stalemate in israel the stories in the headlines and among. how i we got some nasty weather into the mediterranean the moment central saw the process it was big line of cloud here to sing some really heavy downpours deep area of low pressure swirling away across that western side of the mat in particular further north and it's not too bad a slushy fine and dry quite a key way in there that will draw in across a good pass off the united kingdom london at around 78 celsius won't feel as warm as that is a fresh wind coming in from the north say that it's going to feel a little on the cool side at least it will be dry a very different story similar temperatures unitas into spain into italy $1617.00
11:13 am
degrees or so heavy rain there just around the northeast of spain pushing into southern parts of france could see some heavy rain for a time to central areas of italy possibility of some flooding anywhere in this zone it will sink a little further south with this we go through friday warming up in a room to around 20 degrees celsius further north just as fine and dry will see temperatures of around $900.00. in the sun sign some sunshine to across northeastern parts of africa a little bit of clout there towards egypt but the thick of cloud is over tools of northwest so we will see some cloud right leaking out of the upper peninsula into northern possum are ok. but. as the world fights the corona pandemic we're learning more about this every day in the new black. i think you can join our global community i'll see how we come together to fight answering your question can i just as you think this is
11:14 am
directly what's coming on on you tube as you're saying i'm concerned about the funny life for nothing or a question of keeping you up to date and we've seen countries retreat back and beaten back to the stream on 00. 00. 0. we'll take you to the top stories now on al-jazeera president says he will sign an executive order to temporarily suspend immigration into the united states because of corona virus he also tweeted he must protect american jobs for the 1st time in history u.s. oil futures prices have crashed below 0 into negative territory since come back to
11:15 am
about $2.00 a barrel but that crash caused markets in asia to suffer one of their worse trading days in a month the nikkei in tokyo was off limits to. the outbreak in russia continues to surge nearly $5700.00 new cases confirmed in the last 24 hours pushing the total to over $52000.00 a virus has now killed $456.00 people in russia president vladimir putin has warned the peak of the outbreak is still to come. after declining for 2 days there's been a slight rise in new cases in germany just under $800.00 reported on tuesday bringing the total in europe's largest economy to around $143000.00 the german chancellor angela merkel and urged people to stay disciplined as some shops were allowed to reopen on monday over 4 and a half 1000 germans have died from coronavirus. well the pandemics forced a strenuous 2nd largest airline into voluntary administration to the government refused to bail out the day to day running of virgin australia is to be placed in
11:16 am
control of another company while its assets a tallied up by headlines worldwide travel restrictions and border closures grounded most of its fleet and compounded its debts which are in excess of $3000000000.00. it has been. a necessary decision made by a board of boredom boy and on fraser to global pandemic covert 19. this is not just something that is getting virgin to strongly we know it's hurting the industry globally and is the worst process and i was saying that you should we're not immune to that. might a very courageous decision last not to put the company into voluntary administration and do so quickly more now from nicholas cage in sydney she explains why the government turned down surgeons request for help. airlines around the world are under huge pressure right now so this will come as no surprise to anyone who's
11:17 am
been watching this play out virgin australia is billions of dollars in debt and most of its fleet has been grounded 2 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 orange by large shareholders with big pockets so it would be a huge blow to the strike if virgin australia did collapse 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. still in australia in the prime
11:18 am
minister's back in coles from his top diplomat for an international investigation into china's response to the virus crisis donald trump was a war in china of consequences if it was knowingly responsible for the pandemic china's government denies accusations by the us and its allies of failing to respond adequately. i think such an inquiry is important and we can respectfully have a difference of view from that's but that's been put by china. the virus began in china and will harm that i think will understood and it's important that the w.i.-fi. acts and all parties the part of the act with right transparency i think this is important regardless of where a virus might break out france has stopped all flights from outside europe's open borders shang an area the french transport and environment minister is both on says the closure is likely to remain in place over the northern summer france has
11:19 am
registered more than 20000 deaths the 4th country to go beyond that point. spain and the united states. and factions across latin america are now beyond out to 1000 and most of them are in brazil its president though is demanding an end to restrictions on his this week and supporters say he should call in the army to get his way often john home of. the critics of brazilian president joe you both are not over this rally was another outrage perhaps the most serious since coronavirus began he spoke to supporters outside of the brazilian army headquarters many of them cool for congress to be closed leaving the military intervention to get there and his wish an end to the current team measures imposed by many state governments oh no. we don't want to negotiate anything while we want to sacto for brasil. desperate for people to get wood despite brazil already having the highest rate of corona virus cases in latin america. 70
11:20 am
percent will be infected if not today then next week or next month it's had a reality we have to take care of the elderly and those with health problems the rest have to be careful but have to work. there's widespread opposition to that and to him yesterday there was a a movement brazilian government governors 20 out of $27.00 governors of brazil state governors they have signed a document in common in defense of democracy and of course repudiating also that it was participation that. demonstration so that happened yesterday and train train is sad and this is significant. delay does the mcas there are more than 40000 coby cases in brazil hospitals are
11:21 am
stretched to the limit this video shows one in the amazonian city of announced with bodies rest in beside living patients. even as the president spoke at the rally he was coughing. he's angered many with his distaste for social distancing but appearing with the crowd some of whom called for the army to intervene and support him. nation. brazil escaped military dictatorships only 35 years ago. the next day the president seemed to make you turn. we don't need to close anything what do we have here is democracy and respect for the brazilian constitution but he still repeated his call for an end to quarantine measures in brazil by next week. john home and i was eager. let's look at some other world news and in kenya it is the 3rd day of the search for 22 people who disappeared during flooding 12 people are already confirmed
11:22 am
killed i went home shops and a market all swept away by a landslide triggered by rain and reports this disaster is in the same area where a landslide killed dozens of people 5 months ago. flying over this scenic terry lane in western kenya it's hard to miss the devastation on the ground it was caused by a huge marts 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. this is where the markets to it until the rocks came crashing down. also destroying homes shops and restaurants hundreds of people like 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
11:23 am
torrent of mad. i want people to leave this area. but they would not believe. the water i would get now we have lost a loved one. to go to. this was a thriving trading center in a pound of about 3000 people mostly talk to said when they had rumbling up 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 is 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 are also rescued several
11:24 am
people including evelyn could toy. nor do or so much just like to take me i don't know how long i was like an hour i thought i would die every time i found a tree branch going 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. just gone western kenya. israel's prime minister benjamin netanyahu and his main rival benny gantz have agreed to form an emergency coalition government to see through the pandemic crisis their power sharing deal is due to last for 3 years netanyahu be the prime minister for the 1st off against the 2nd the agreement
11:25 am
follows 12 months of political paralysis and 3 inconclusive general elections and yahoo remember is also about to stand trial for bribery powerful such as in west jerusalem he has more on this political breakthrough. people in this country very much sick and tired of this ongoing grinding crisis 3 inconclusive elections it was 7 weeks ago this very evening that nelson you know was celebrating what he said was a sweet the sweetest political victory of his career only to find that the numbers didn't quite tally up in his favor and we've had all these weeks where everything of course as changed as far as what he's got out of this deal though he's got the most important thing which is his continued presence in the office of prime minister the most powerful place he could imagine to be in to try to fight off this corruption case which is due this trial do just start in may he also has veto power over the appointments the senior points judicial appointments through the judicial
11:26 am
committee that's something that could be important in that fight as well and despite the fact that this is being sold as a coronavirus exclusively coronavirus government for the 1st 6 months at least in which no other legislation is supposed to be passed he's also secured an agreement which would allow him to push through from july the 1st with agreements and coordination from the americans an exception of large swathes of the occupied west bank the secretary general of the palace at palestine liberation organization sagarika ghose so that any government a coalition that is based on this move towards an accession is one which will only bring greater threat greater instability to the security of the middle east funny it has been one year now since a series of suicide bombings in sri lanka killed 279 people families that they can say no court in the welcome bring them justice but they don't want those
11:27 am
responsible punished and all finance reports from colombo wishing that father who lost his son and daughter in the attacks. someone city man and his wife us struggling to take on the 1st anniversary of the easter bombings the 19 year old son and 22 year old daughter were intern anthony's church praying for good results at upcoming public exams when a suicide bomber struck. it was the 1st of 6 locations to be hit within an hour 279 people were killed and more than $500.00 injured. when from one hospital board to the next looking for my children but i couldn't find the many we find the doctor told me however reluctantly that i should look in the mortuary couldn't seem to friend who was with me he came back sobbing that my son was there when i recovered consciousness we got another call that my daughter had been found in another mortuary. a little known locally slam experienced group
11:28 am
called the national. claimed responsibility for the attacks investigations revealed some members of the group paid state informants that authorities were repeatedly warned about their activities and that some politicians had even intervened to release some of those arrested earlier but most troubling of all that intelligence warnings of impending attacks had been ignored the families of the victims want accountability. i don't think there is any cause in the world that can give me justice because that means giving me my children back that won't ever happen but those who neglected their responsibilities must be punished without the archbishop of colombo cardinal malcolm drownded also criticize the negligence of the then government and the cover up that followed addressing the tensions that came after the bombings he praised his congregation for not letting emotion drive their
11:29 am
actions our challenge will be to work amicably with all our fellow citizens and to ensure a true acceptance and integration that's an approach to muslim human rights activist endorses she says the end of muslim sentiment which followed the bombings shook the community when this happened all of a sudden we have become. actually international terrorist connected. so we were really worried about existence in the country because the way that the entire muslim community was blamed for what people did was highly problematic through say sri lankan politicians have been engaged in mongering feeling tensions and causing division by portraying the muslim community as the villain in recent years the past has an ease the pain of losing loved ones anthony's or in the other. easter bombing most families and all those who warned of the threat of an
11:30 am
attack say what's hardest to cope with is that they think the bombings could have been prevented if only the government had cared to do so even if and then there's al-jazeera colomba. past the hour on al-jazeera these are the headlines president donald trump says he will sign an executive order to temporarily suspend immigration into the united states because of the coronavirus pandemic he also tweeted that he must protect american jobs. at the same time and for the 1st time in history john hendren 1st wants to hear for the 1st time in history u.s. oil futures prices a crash below 0 and into negative territory there since back up to around $2.00 about more from our economics editor of italy we had
11:31 am
a lot of stock come together at the same time which had a massive oil price is $1.00 of the problems was that it was a huge amounts of. oil which people would be higher than the prices currently and so we're going to see you know the next 3 days we're going to hear a lot about companies maybe investment banks who are in the market maybe trate have made huge losses the oil price crash caused the stock markets in asia to suffer $1.00 of their worst trading days in a month the nikkei in tokyo finished almost 2 percent lower and european stock markets have also opened lower yet the pan european stock $600.00 fell about one percent the start of trade also the footsie in london was off 1.7 percent the dax and the cas in paris also down 2 percent. the pandemic has forced
11:32 am
a strenuous 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 the airline had asked for an $800000000.00 emergency loan after travel restrictions left at more than $3000000000.00 and france has also stopped all flights from outside of europe's open borders schengen area the french transport minister says she expects the closure to stay in place over the northern summer finally the corona virus outbreak in russia continues to surge $95700.00 new cases confirmed in the last 24 hours pushing the total above $52000.00. those are your headlines on observer the streams that. the latest news as it breaks with no treatment or vaccine for her in a virus volunteers will continue to provide the services they can to fight the disease with detailed coverage along without any planning for india the millions of
11:33 am
migrant workers. and feel as journalism from around the world for many coming to this place is the only chance they have to leave at least once a day. hi i'm femi oke a and you all in the stream only dition and hosting it from my living room today at the big east coronavirus down in the well as in india 1300000000 people being told that they have to stay home and to at least may the 3rd one is not like do you have questions concerns experiences of khushi to add to the handle is at a stream you can.

42 Views

info Stream Only

Uploaded by TV Archive on