this is worklife from bbc news, with susannah streeter and david eades. after black thursday comes friday the 13th. wild swings on global markets continure after the worst day on the markets since 1987. live from london, that's our top story on friday the 13th of march. after a day of fear and panic, european markets rebound with the ftse 100 surging during early trading. we'll also be crossing to our asia business hub in singapore, to find

out how the asian markets fared. and thailand's tourism sector hits the rocks, as holiday makers become more cautious about travelling abroad. and staying with tourism, we'll be hearing from the world travel & tourism council, which warns that 50 millionjobs in the industry are at risk due to the pandemic. and if you are still out and about meeting people, how are you greeting them, as handshakes are now considered a risky move? is it a habit that's hard to break? let us know — just use the hashtag bbcworklife. hello and welcome to worklife. we start on the markets, where investors reeling from black thursday are hoping friday 13th will be less of a horror show. on thursday, stock markets

in the us and europe had their worst day since 1987 — on fear the coronavirus pandemic will cause a global recession. us shares lost around 10% despite a massive intervention by the federal reserve. however, the selling hasn't continued in europe. joining us now from the city of london is michael hewson, who's the chief market analyst at cmc markets. what has happened since trading began? we saw initially a surge in prices. yeah, we have seen a bit of a rebound and that is largely on the back of that fed liquidity injection. asian markets did see a bit of a fall, but that was mainly a case of playing catch up. now we are seeing a rebound into the weekend. i don't think anyone really wants to hold anything over the next couple of days, simply because it is just too unpredictable. and while we are seeing some fairly decent gains, they pale into insignificance compared to where we finished that week. the ftse 100 finished last

week. the ftse 100 finished last week at 6460. we are still around 1000 points below that. and certain shares in particular have suffered. now the financial conduct authority in the uk has said it wants to prohibit short selling, which is betting on shares in the expectation that they will go lower. tell us why you think this is happening.” that they will go lower. tell us why you think this is happening. i think it is too little, too late. this is a short selling ban on certain italian and spanish shares. u nfortu nately, italian and spanish shares. unfortunately, it's a pretty feeble response because if you look at the italian banking share prices, they are already 50% down. if they really wa nted are already 50% down. if they really wanted to send a signal, they should have sent it a lot sooner. it is a valid response to market turmoil if you want to prevent a market meltdown, but i fear it has come too late. that said, it is helping in the context of the rebound we have seen this morning. michael hewson of

cmc markets, thanks for that update as trading begins in europe. asian markets fell sharply before recouping some of their losses. christine hah joins us with the latest from singapore. it's a funny old day when markets can look at a 3% loss and think that was not so bad. well, some of it is definitely bargain—hunting. as prices drop, you hear a lot of people saying it is perhaps a good time to buy was that japan's decay, despite all of that, were still one of the day's worst losers —— japan's nikkei. india and thailand at one point had to stop trading after stocks fell by 10%. very big highs and lows in hong kong and india, now back from its lunch break. it is back from its lunch break. it is back into the positive, up 4% now.

some of the markets yesterday like australia and philippines also closed the day on a positive. there may be some positivity on the back of government measures such as australia pumping liquidity into the financial system. there is bargain—hunting. but overall, extreme volatility also reflects huge uncertainty on the part of investors as to whether these government measures like injections into the banking system and tax relief, whether all that will be enough to avoid a global recession or cushion things sufficiently from the impact of the pandemic. 0f course you still have travel restrictions coming in and you still have a lot of social distancing measures coming in, which essentially closes down the economy. so there is still a lot to be seen, but sentiment is quite weak at the moment. thanks for that. when you look at singapore, further restrictions on flights from spain, italy, france and central europe. in addition to all the travel bans we have already seen, particularly the

one from the us which has caused such havoc. with us now is kathleen brooks, director of minerva analysis — a financial analysis consultancy. let's talk about the impact on travel stocks in particular. this ban is coming into effect later today. 2 million seats taken out. that is huge for the travel sector, which has already seen these massive falls. it is. i have heard the impact could be anything up to 150 billion. we have already seen flybe go under. other solid airlines that we re go under. other solid airlines that were not in bad shape and pared to other companies like flybe before this crisis happened, they could go under. we know flying groups have strong lobbies and i am sure they are banging down the doors of their governments right now for support. potentially to stop trading on their stocks, which would be a good idea in my view because this is a very

unconventional crisis that we find ourselves in. and added to that, some world leaders are exacerbating the problem for sectors such as airlines. there is a mixed bag response is now in different countries. when we focus on other moments like 1987 and black monday, and the financial crisis of 2008, this situation seem to be getting exponentially more damaging by the day. you have to remember, social media 24 hour media wasn't in place in 1987. i was looking at a chart recently and was fascinating was the number of times that coronavirus has been mentioned in the media, over a billion times. that compares to may be 40 million for sars and the financial crisis. it is pervasive. anything that happens in any corner of the world, we know about it now. five extra cases and stock markets

are falling. stock markets will probably continue to fall until people stop dying of the coronavirus. we have had these technical circuit breakers on the market to stop them falling below certain points. where else do you think we could have this kind of emotional circuit breaker is mac you say when people stop dying, but what else can governments and central banks do to send a signal to the markets to ease this fear which is all pervading at the moment? we are seeing a bit more upside volatility in the market today because the federal reserve last night did come and flood the market with dollars. they increased qe and flood the market with dollars. they increased oe and when you have a crisis, you need dollars because there are so much dollar funding a crisis, you need dollars because there are so much dollarfunding in there are so much dollarfunding in the world. that is a real help. but you also need to get used to an environment whereby over the last 12 yea rs, environment whereby over the last 12 years, some economies have been kept alive by monetary stimulus. that is not working in this environment and thatis not working in this environment and that is something we need to wean ourselves off and get used to an environment whereby we have to rely

on governments, but we don't know how much fiscal stimulus we need. everyone is still working out what will make a difference. thank you very much. let's take a look at some of the other stories making the news. still on the impact of coronavirus — indonesia says it's prepared an $8.1 billion stimulus package to support and bolster its economy from the pandemic. the government's plan, which includes tax breaks for companies and manufacturers, will take effect from aprilfor six months. so far there's been 34 confirmed cases of covid—19 in the country. apple is reopening all 42 of its branded stores in china, more than a month after they were shut in the wake of the coronavirus outbreak. the closures were one of two primary reasons the tech giant cited for pulling its revenue forecast for the march quarter. china is apple's third biggest market. the us department of defense says it will re—evaluate the awarding of a $10 billion cloud

computing contract to microsoft. the deal was temporarily halted last month by a judge, after protest from amazon, which had contended that it lost the deal because of interference from president trump. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is riaz kanani, chief executive and founder, radiate b2b — a marketing and advertising firm. what are we going to start with, something the ft have picked up? are tech start—ups going to survive this market turmoil? it is such a vulnerable time for so many smaller companies trying to get that funding to ta ke companies trying to get that funding to take off. what will happen now? it is going to be challenging. there will obviously be winners and losers, as with everything at the moment. for start—ups, the challenge is how prepared they are for this

situation. do they have the cash flows to keep them through what hopefully will be a better place by the summer? but we don't know. hopefully will be a better place by the summer? but we don't knowlj have a personal interest here because my son isjust have a personal interest here because my son is just starting have a personal interest here because my son isjust starting up, dreadful time to be doing it. you have a start—up that has been going for three years. is there a cut—off point where you can say, we are established, we will be ok, but it is not the time to be raising money now? it depends. we have money coming into the business, but at the same time we are looking to be expanding rapidly. you have to invest to do that expansion, so that will be the big change in the coming months. but there have been some famous tech start—ups which have begunin famous tech start—ups which have begun in times of recession. of course, and whenever there is this adversity, there are great things that come out of it. google is the example of that. but also loads of

exa m ples example of that. but also loads of examples emerging as the different ways of living and working. if you look at universities going for online learning at a level we have never seen before, we will possibly never seen before, we will possibly never go back to where we were before either. the guardian is focusing on online lectures. that's right. this will be the most interesting thing. we are clearly going to be working a lot from home, using video conferencing and collaboration and productivity tools. that change has been happening slowly and this is really going to drive that forward. i wonder how much of that will stay afterwards. will we see a return back? i don't think it will come back? i don't think it will come back fully with universities and education. i think a big back fully with universities and education. ithink a big part back fully with universities and education. i think a big part of education. i think a big part of education is that collaboration between students. so whilst you will between students. so whilst you will be able to learn off—line from home in remote places, the interaction is where you start to get strong ideas

and you need that as well. some of the quality of the live streaming or conferencing opportunities still feels pretty woeful. but that is a business opportunity for somebody else. let's move on to this story about how the coronavirus has divided workers into their worthy and unworthy sick. this is focused on google. contractors still have to go into google even though google employees are able to work from home. yes. it is times like this when we really identify where there are real issues with the way we treat different types of workers, or different types of people. it is not just tech workers. there are also people being forced to work from home who are not savvy enough to be able to do so. so being able to support those workers will also be important. it's a massive challenge everywhere you look. riaz, thank

you. still to come, a stark warning from the world travel & tourism council. they say 50 million jobs are at risk in the tourism industy due to the virus outbreak. you're with worklife from bbc news. despite all the photos in the papers of ladies in hats, attendance at the cheltenham festival this week has been down over coronavirus fears. however, organisers were grateful the festival did go ahead — this morning, the premier league is having an emergency meeting to decide what to do about fixtures. chris skeith is the chief executive of the association of event 0rganisers — we're hearing so many conferences and exhibitions are being cancelled — this is having a devastating effect on the events business? it isa it is a critical time. things are moving on a minute by minute basis. we have had events happening this week by the dictated whether the

event happened or not and everything was ok, following public health guidance of course. but going forward , guidance of course. but going forward, there has been a move to postpone a number of events, which has been great in the long term but in the short term, we need the supply chain, the organisers, the venues, the suppliers and the smes, we need to support them to make sure they are in a fit state at the end of this outbreak to make sure they can continue to deliver the events which are so important. how do you support them? for associations, it means being collegiate and sharing information on best practice approaches to access funding. we have been putting together a push in government. there were a great signs in the budget but we are seeking clarity on whether our events and agencies are included in that. we need to pay all manner of business costs. we need to make sure these

customers and freelancers are supported. so we want to see loans being relaxed. we know events are a ca ta lyst being relaxed. we know events are a catalyst to drive economies in post critical times and if we support the industry going forward, we will be able to kick—start the economy, get those airlines and hotels working again. you say post critical times, but we are in the critical time. it is going to be brutalfor you, no way around it. sorry, my microphone has gone. ijust hope we can find a way to push the government for support. the way other countries are supporting events is amazing to see, the way there are tax breaks for people. chris, you can't hear us but we can hear you. sorry about that, but thanks for joining we can hear you. sorry about that, but thanks forjoining us. you're watching worklife. a reminder of our top story: european stocks rebound after heavy

selling on thursday led to their biggest daily fall since 1987. now back to the economic impact of coronavirus — because shares of companies in the travel industry have been among the hardest hit. the global trade body — the world travel and tourism council — has warned that more than 50 million jobs are at risk in the industry. the latest blow of course has been president trump's ban on travel between the us and 26 european countries. that comes in at midnight tonight eastern us time. but it's not the only sweeping travel ban in place. india has suspended almost all visas for a month. with us now is gloria guevara, president and chief executive of the world travel & tourism council. let's look at this us travel ban. 2 million seats being cancelled. what kind of impact does that alone have

on the travel industry in the united states and europe? unfortunately, travel bans don't work as we would hope. in this case, it is $4 billion, the amount that european travellers would expect to spend in the next 30 days. that is huge. added to that, we have the impact on the cruise industry, older people being told around the world not to go on cruises. how are your members going to cope with this? are you expecting companies to go under? we are living in an unprecedented crisis. we have never seen something like this. 10% of world gdp depends on travel, and one in tenjobs. this is something we have never seen. 0ur measures are best met our members are taking measures to protect their cash and theirjobs. but we also have to concede that 80% of the sector is smes, small and medium—sized enterprises. they are

going to be closing businesses and losing jobs. what measures do you feel have been taken that perhaps shouldn't have been taken? where do you think the authorities have gone too far? according to the who, the travel bans are not helping. that is because the virus in the us is already there. so blanket travel bans are not a priority for the who. they say do testing, testing, testing and isolate the people. this isa testing and isolate the people. this is a public health global crisis but has also become an economic crisis. this sector is important in terms of jobs and the well—being of people. so we need to work with governments and we are doing that daily to try and we are doing that daily to try and come up with measures and benefits for smes like loans and incentives and reducing taxes. but the most important thing is, be

strategic. very important. don't make instant decisions based on whatever has been told that day. do you think they are being pushed by a public opinion fear rather than an evidence—based fear? public opinion fear rather than an evidence-based fear? in some cases, yes. but decisions more than ever need to be based on evidence. we also don't see a global approach towards sharing knowledge. different countries have different solutions. many people watching this might have booked a holiday and be worried about what to do. what advice would you give them? what is best for them and for the industry as a whole? the best is not to cancel. if you are not comfortable travelling, you can delay your holiday. check with your government because depending on the region of the world, some regions are more impacted than others. for

instance, the caribbean and latin america are not as impacted as europe and north america. so talk to your doctor, talk to the experts and make your decision based on that. do not cancel because if you cancel, the impact is double for the sector. let me ask about travel insurance. do you think insurers are behaving responsibly and transparently? people often don't know where they stand with the travel insurance they have taken out. travel insurance is a must on every trip. we always advise people to have insurance. travel insurers are being flexible with many regions, so get your travel insurance, book your travel and depending on the circumstance, you can decide to travel later. it is important to consider the economic factors, thejobs is important to consider the economic factors, the jobs and the impact that these decisions have on our economy. thank you for talking

to us, gloria guevara. in a moment we'll run through some viewer responses to our twitter question. but first, we continue with a look at coronavirus‘ impact on the travel industry. many destinations have come to rely on visitors from china — and few more than thailand. more than ten million chinese come to thailand every year, many of them heading to the beaches of southern islands like phuket. the bbc‘sjonathan head has been finding out how phuket is coping without them. the famed beaches are still the same, but one factor behind phuket‘s roaring success is missing — the chinese. 2 million used to visit this tropical island every year. today, you hardly see them at all. we have many chartered flights from china to phuket. they stopped. scheduled flights, they stopped. we had about 8,000 to 10,000

tourists a day but today, we have maybe about 700 to 800 tourists. this man has been running boat tours from phuket for 12 years. most of his passengers were chinese tourists, so he's had to take 20 of his 30 boats out of the water. "if it doesn't get better by the end of this year, he said, we will have to downsize the company and start laying off employees". so how much do you have to pay out every month for your business? it's even tougher for those lower down the food chain like this van operator. he has payments on his house and two cars of around $,1500 a month. for him, even six months is too long. you can't survive that long? cannot. cannot?

yeah. tourism accounts for one fifth of economic output in this country, and the rest of the economy is not doing well. thailand can ill afford a crisis here. yet there is little it can do against a virus whose full impact is still impossible to gauge. interestingly, gloria guevara, who has just interestingly, gloria guevara, who hasjust gone, said interestingly, gloria guevara, who has just gone, said the interestingly, gloria guevara, who hasjust gone, said the impact interestingly, gloria guevara, who has just gone, said the impact of tiny spending is $22 billion. —— chinese spending. huge amounts of money affecting the industry. at the top of the show, we asked you if you are finding it hard to break the habit of shaking hands when you greet someone?

let's take a look at how some viewers have responded: amelia z says she's now using either a wave or says namaste. katrina cliffe says she's finding it difficult and adds "yesterday's meetings were a mixture of fist bumps, elbow taps and namaste my my guess earlier said that his child's netball match, all the girls we re child's netball match, all the girls were doing elbow bumps. but everyone takes it in good humour. thanks for being with us.

bye— bye. good morning. the weather remains fairly mixed over the next few days. this morning has been mostly dry. we have had some sunshine this morning. that is the latest satellite imagery. you can see the bright lights of the cities first thing this morning. further west, we have more cloud around. then this area of cloud will move its way in for the weekend. there is some rain in the forecast as we go into the weekend. today there will be some showers moving through. but for most of us, it should be dry and there will be some sunny spells. the showers that do crop up will be across north wales into the midlands, perhaps the south—east of england. the showers across northern areas will tend to clear away. later, we will see more rain moving into south—west england.

further north and east, it is looking largely dry with sunny spells. lighter winds compared to yesterday. tonight, this area of rain will spread further north and east. there will be some snow over the high ground of scotland. that rain eventually pushes into the south—east of england. these are the overnight temperatures. we go into the weekend on a wet start, but that first batch of rain will clear. then there will be sunny spells. further rain into sunday and also turning a bit windy. this area of low pressure is going to move in. this is sunday's weather. as it moves in, the winds will start to strengthen, so turning blustery across many parts. on saturday morning, quite a bit of rain across scotland and northern england down to the south—east. that rain quickly breaks up and moves away. then there will be sunny spells and the odd shower before further rain moves in to northern ireland and the west of scotland.

this area of rain will move further south and east through saturday night and by sunday morning, positioned in northern england, wales and the south—west. that will move south—eastward, breaking up as it does. but there will be some sunny spells developing in scotland, northern ireland and perhaps eventually in northern and western areas of england and wales, with a few showers. into next week, high pressure will start to develop. it is not going to be completely dry. there is still some rain in the forecast, particularly on monday and tuesday in northern areas. but the general theme into next week is that it'll be a bit more settled, and that means drier and brighter weather and a bit more springlike weather.

you're watching bbc news at nine with me, carrie gracie — the headlines the government defends its approach to slowing the spread of the coronavirus as new official measures come into place. although school closures may be something that needs to be done at some point, we need to get these other bigger, more impactful measures in place first. the former health secretary is among those questioning whether more needs to be done to tackle the virus — and says the decision not to cancel public events is a concern. i think it is surprising and concerning that we are not doing any of it at all when we have just four weeks before we get to the stage that italy is at.