hello, i'm ros atkins, this is outside source. global stock markets are tumbling downwards — big falls in new york where the market has just closed — we'll find out why. scuffles in johannesburg as president zuma refuses to step down despite pressure from his party's leadership. donald trump says this nhs march in london shows that british health care is broken — both sides of the political divide respond in defence of universal health coverage. across the world, there has been a defence of the universal health coverage. it's winter in moscow — you might expect it to be cold and snowy — well temperatures have dropped and enough snow has fallen that the city is struggling. big falls in stock markets in recent days. go backjust a week and the us stock market was at a record high,

it's a different picture now. look at these traders on wall street earlier — they've had better days. quite a few of them in fact in the last year as the market has boomed. the problems started last week — by friday shares in new york were down 4% on the start of the week. in london the fall was 3%. all of which gives the new chair of the federal reserve plenty to think about. this isjerome powell being sworn in today. and indeed one of the reasons traders are nervous is that he may put up interest rates. donald trump is certain to be watching this — he's repeatedly cited the buoyant stock market as a sign of the success of the economy under his leadership. for instance, here's a clip from last week's state of the union speech. the stock market has smashed one

record after another, gaining $8 trillion and more in value injust this short period of time. applause the great news... the chateau there was not should say — there is not a direct correlation between the health of a national economy and the level of a stock market. now the falls have continued today. the dowjones has closed in the last few minutes — these prices are delayed slightly — 15 minutes ago it was down another 4%. london closed down another 1.4%. big falls in paris and tokyo too. yogita limaye is in new york ssource wherever the dow ends up, it has been an astonishing day. yes. all of

that started last week, as you pointed out. finally enough, you had a labour report that came out about employment in america. it came out on friday morning and was something that was positive for the economy. 200,000 jobs were added, more than expected, and wage growth, which was 2.996 expected, and wage growth, which was 2.9% over the previous year, more than what most people expected, but as you pointed out, there is not actually a direct correlation between the strength of the economy and the level of the stock market so what has happened is because of that higher than expected wage growth, what people are expecting is that if people's salaries go up, prices go up, inflation goes up. what happens when inflation goes up? the central bank will essentially be compelled to raise interest rates to try and keep inflation under control, and before friday when i spoke to traders and said how many rate rises do you expect this year, they said about 23. that is what they were expecting. then you have this long

—— strong employment report coming out on friday, now they said they we re out on friday, now they said they were worried there would be 46. that is the reason why you are seeing this fall in the stock markets. you saw it on friday and you see it continue today. i was mentioning the files in tokyo, paris and london, are they directly affected by new york while separate individual factors at play? it does have a domino effect, what happens here, you see that kind of impact taking place around the world. one of the reasons, the decisions federal reserve snakes, if you see interest rates rise here in the us, but essentially happens is people who wa nt essentially happens is people who want higher returns, investors with money to spend, could actually then wa nt to money to spend, could actually then want to move their money here because they would get better returns that higher interest rates. that means money is moving to the us, could be moving away from other parts of the world, because in any case the us is considered a safe

investment destination. so it is all correlated, there may be individual factors in different markets but you a lwa ys factors in different markets but you always see this kind of domino effect when you have a big fall or a big rally in the us markets. thank you. to johannesburg. the pressure is piling onto south africa's president jacob zuma. and the threat comes from within his own party. senior politicians from the african national congress have been holding emergency discussions in johannesburg today. the party's national executive committee is set to meet on wednesday. it has the power to remove president zuma from office. box one also injohannesburg, rival protesters have clashed. these are members of the anc clashing with a group known to support the president. here's one anc one member. we don't expect trouble, and we will

say they must behave themselves as well, because this is the piece and you cannot expect anyone to come and provoke just yet. because if that comes to that point, then to defend the anc headquarters and the leadership, if it means to lose our § ready to do ;: ready to do that; , lives. we areregfiyte dr- hist ‘ you of corruption and fraud. to be his successor. but she's lost out to zuma's deputy cyril ramaphosa.