time now for the business briefing, i'm sally bundock. a terrible day on wall street, where us financial markets had their biggest one—day fall since the 2008 financial crisis. bittersweet. 10,000 beehives destroyed in australia's bushfires, we will find out what this means for the future of the industry. so, let's show you how the markets are trading now in asia, the day after what some called black monday, you can see japan up black monday, you can see japan upjust black monday, you can see japan up just slightly, hong black monday, you can see japan upjust slightly, hong kong a little better, a mixed picture in asia as investors pause for breath.

so, the markets right across the globe, it was a day on monday, ending on wall street where stocks had their biggest one—day decline since the 2008 financial crisis. as i've mentioned, it's being dubbed black friday, in the us the drops were so black friday, in the us the drops were so severe, black friday, in the us the drops were so severe, trading was halted for 15 minutes. at the end of the day, you just saw on our market board the dow posting largest points drop in history, closing 7.8% lower. let's talk to david madden, a market analyst in london. the trading floor is pretty empty, how much sleep did you get last night? not a whole lot, the

story is involving in relation to the coronavirus and the crisis, who can even sleep. in terms of the element with the oil price drop as well, at the beginning of the week it was the perfect storm, wasn't it? sadly, it was. i wrote a note yesterday, traders have enough to worry about with the coronavirus crisis taking hold in europe and to a lesser extent in north america, to add into the mix, we have this massive spat between saudi arabia and russia in relation to the oil market, the plunge, the colossal move to the downside in the oil marketjust really added to the mayhem and the markets yesterday. traders didn't know which way to turn and a month amidst all the uncertainty, it just heightened a pre—existing, already high fears, so we saw plungers in global stock markets. as you

mentioned, the dowjones lost roughly 7.8% last night, on par with levels last seen in 2008, at the height of the banking crisis. that really highlights how nervous traders have been in the last 2a hours. how nervous traders have been in the last 24 hours. and what about today? looking at asia at the moment we are seeing some upside, a slight bounce, but it will be volatile for some time to come? i think so. we're going to seeing volatile times for the next few weeks, i suspect the risk between the saudis and the russians are likely to carry on for some time. you mentioned a rebound in asia overnight, it is fairly small in comparison to the losses we have endured in the last few days. we have seen some drastic steps by italy to lockdown the entire country. quarantine has had some success in the likes of china, but things are likely to get worse in terms of the economy before

they get better, so i suspected volatility is here to stay for the next couple of weeks. all right david, we will let you get to your desk and watch those screens. thank you for joining us, though. just to say, the oil price today is up by some 7.5%, but let's not forget this time yesterday it was down 30%, so we are talking a$2 50 was down 30%, so we are talking a $2 50 increase on the price of oil, $36 a barrel. so, that is the markets. let's now focus on the global events industry that generates billions of dollars every year stopping the tech sector alone has cancelled many high—profile conferences this year stopping it is estimated that will cause an economic loss of $1 billion. just this week, the tech giants adobe, google, microsoftand others have all cancelled major events. let's talk to simon hughes, who works on events in

london and elsewhere in the uk. just put this in perspective for us, how difficult is this situation with coronavirus and the events industry? it is very challenging. it is challenging right around the world, and i think one of the things we have seen think one of the things we have seen is the people coming together, associations in particular, providing their members with information, advice, case studies, up—to—date news, and i think the link between the information we are getting from government departments, from people like visit britain which is being shared on a daily basis and the tourism emergency response group is meeting on a weekly basis is really helping people cope with the impact of this, which is huge. we have seen very this, which is huge. we have seen very high—profile events cancelled like the globe while mobil congress in spain earlier this year, very big sporting events have been cancelled, or postponed, even. what goes

through the minds of organisers of eve nts ? through the minds of organisers of events? how long can they leave it before they make that call, because it is a very expensive decision to make, isn't it? we have seen a couple of things called off at very short notice, tennis and particular. yesterday there was a notification two days out before it started. that is not best practice and that is certainly not what our partners would be doing. so i think the decision—making process is, are we're going to carry on, modify, what are the risks? do we c0— modify, what are the risks? do we co— locate, maybe we do it slightly differently. for example, students and people working in hospitals are, in some areas, not coming out to events, so how do we hybridise those events to take those events to them using technology? there are a number of different options that people are looking at and sharing that process with other people. i know of events being postponed, does this mean that

when this coronavirus spread is seen when this coronavirus spread is seen to be under control, or even hopefully disappearing is not the right word, it will never disappear, but you know what i'm mean. it will be in a place where it is no longer high risk to have an event, how do we then put on those events that have been postponed?” think, for business events it is probably easier to move them or postponed them. i am worried about the cultural sector, though. festivals and things, we have got a really busy schedule already well set down in the uk and trying to shift some of those around in terms of both the audience and the artists i think is going to be artists i think is going to be a bit ofa artists i think is going to be a bit of a problem. but we have seen some a bit of a problem. but we have seen some people just saying, 0k, we're not going to do it this month, we will do it at the beginning of next year, so they give themselves plenty of time to do that, i think that is quite a prudent way of doing that. the industry is built upon detail, and people spent a lot of time doing logistics,

working out... they spent years organising some events stopping the olympics in tokyo, for example. yes, and their understanding of risk management, and their understanding of the logistics surrounding major events is what is really going to help them, i think, what is really going to help them, ithink, in what is really going to help them, i think, in this situation longer term. all right, thank you for coming and simon, appreciate you getting s0 simon, appreciate you getting so early for us. the chairman of wells fargo resigned, along with a board memberjust days before they were due to testify ata us before they were due to testify at a us congressional hearing on the aftermath of the bank's 2016 fake account scandal. the bank opened millions of fake bank opened millions of fake bank accounts in order to meet their sales targets. an enquiry by ethiopia's government found that boeing did not provide enough training for the 737 crash ahead of the ethiopian airlines crash one year ago. they also singled out faulty systems stopping this crash, along with the one in 2018 and

indonesia, led the fleet to be grounded worldwide. 0ne unexpected casualty of the massive of bushfires in australia is the beekeeping industry, as many as 10,000 hives were destroyed in the fires. many other agricultural sectors could be affected because they use beehives for pollination, but most beekeepers are worried about the longer term impact. this here is the remains of the burnt honey. it's just... like, burnt. it hasn't sunk in yet. i still haven't absorbed it, how much loss i've actually had.

there's the queen. pink dot we put on them so we can find them easy. as soon as i'd take this lead off, they will be into the bucket. no matter how good you are,

you could be a big businessman or whatever, if you are relying on the natural environment as your income and it's been destroyed, not the wanted two years, but 10—20 years, no business can take a hit like that. let's show you the market boards one more time so you are across how things are going so far today in asia. as you can see, they are all up, but hardly anything compared to the sea of red we saw this time yesterday, so you can see the price of oil as well at $37 a barrel, just over. that is your business briefing. now, you can pick them up for as little as £20, so it's no wonder that — camps have become

increasingly popular with motorists over the past few yea rs. motorists over the past few years. it lists are using the footage to ban dangerous drivers from the roads, it is saving them thousands of hours, but some worry it will result in less officers out on patrol as chris jackson reports. it's capturing some of the most mindless and terrifying driving on our roads. more than 3 million people now have — camps or helmet cams, and more of us are uploading footage for the police. there is now a quick way to upload. the national dashcam safety portal. 32 police forces and england and wales are signed up. there has been about 10,000 uploads sent through to the national dashcam safety portal, and they equate to about eight to ten hours of police time saved per upload. but there is a concern that uploading is doing police officersjobs for them uploading is doing police officers jobs for them and that traffic officers will be cut. in the last few years, the

amount of traffic officers has halved. we are incredibly concerned. if you stop someone for a serious motoring offence, it is much more likely that they are involved in wider crime. so, yes, have — camps to protect yourself, but we need cops in cars to protect the entire public. the aspiration is that every force in the country signed up to this. i really don't think that will have an impact on police officer numbers. if anything, i think there is a need to grow police numbers in general across the country. uploading incidents like this is here to stay. the question is, in the age of the selfie, is the dashcam or helmet cam going to transform our driving, or will it become a double edged sword?

this is the briefing on bbc news, let's remind you of the headlines. all of italy is now placed under lockdown due to the coronavirus outbreak. people are told to stay at home u nless people are told to stay at home unless there is an emergency. passengers stranded for days on a cruise ship in the pacific because of the virus have begun to disembark. and i have to say, coronavirus and the various different elements to the story dominating the media globally. so this is the front page of the french daily le figaro. it is looking at the market meltdown, oil and the virus crash the markets read the headline. the paris stock market dropping 8% on monday. financial times has this all over its front page, saudi arabia beginning an oil war with russia, putting on the budget. the official government

news agency quotes the government's energy minister as the situation is under control and they can still make money, even at the low prices. bloomberg looks at another stand—off between turkey and the european union, turkey's president erdogan left talks without an agreement over the new wave of refugees sent to the border with greece. moving back to the virus, inside the sun looks at the increasing number of sporting events being cancelled or postponed, although the cheltenham horseracing festival does open today as usual, despite concerns. the telegraph has a suggestion for office workers. anthropologist studying and african tribes says squatting or kneeling helps them stave off diseases. perhaps we should be getting out of our chairs squatting or kneeling. i won't be doing either of those.” squatting or kneeling. i won't be doing either of those. i can do the standing up, if you like. i think we will stay right here. so johnson

like. i think we will stay right here. sojohnson is