up next is business use was christopher coke. or. i'm secure in the volume or not hard and in the end this is a me you're not allowed to stay here anymore we will send you back. are you familiar with this. with the smugglers we're alliance of. what's your story. 'd 'd on what numbers of women especially in victims of violence. take part and send us your story you are trying in all weathers to understand this

new culture. you are not a visitor nothing yet you want to become a citizen. in for migrants your platform for reliable information. a slim announcement ball soaring financial markets after monday's dizzying losses u.s. president trump promises quote major steps to battle these bragging coronavirus will be enough to gird the world's biggest economy again but also on the program it's a year since that ethiopian airlines jet crashed killing all on board family members gather for a memorial service of the size of the crash the tragedy compounded by what victims' relatives describe as being way too little compensation. i'm chris cuomo welcome to

the ball around the globe investors are still wary after monday's shock trading session. the coronavirus and the steep drop in oil prices remain big concerns for markets all prices are up by around 8 percent with russia now or not excluding negotiations with other oil producers over virus lead production cuts due to lower demand now european markets struggled with both germany's dax london's footsie and milan's exchange losing ground as europe tries to prevent a further spread of the coronavirus in new york investors focused on president donald trump who promised major steps to cushion the economic impact of the virus that helped to propel the dow jones industrial average closed nearly 5 percent higher recovering some of monday's debt now for a closer look at the financial markets let's cross over to new york and our correspondent jose luis de oro jose luis congress already approved

a more than $8000000000.00 to fight the virus what exactly is on the table now in terms of economic stimulus. well right now that negotiations they continue it sings it down to main proposal on the table right now it's either a cut or canceling dip a roll tax for the rest of the year mainly taxes from employees and employers to pay for social security and medicare doing so will save money given to all around $50000.00 a year or about $3100.00 according to secretary of treasury and stephen newton there is some consensus among legislators humbled sides of the aisle to act and we believe earlier on the day said there will be some kind of help for airlines and cruise operators and by the republicans one to avoid anything that will bail out

and the white house is also considering federal assistance afford to show industry has all the prizes. to do that price war between russia and saudi arabia also in focus and those who don't get paid each day are seek or can go to work but take a look at the old prices just a 2nd here but if we look at the figures from tuesday the dow up by almost 5 percent is it safe to say that investors are buying these economic stimulus plans. investors are still some kind of cultures. in our focus on both the scope and the timing of the pisco package both factors are crucial to avoid a deeper a slowdown and on the monetary front and defend already cut rates the last week and probably will do so next march 18th even if trump keeps criticising the u.s. central bank but there is so much a cheap money can do so wall street now is focused on measures that will guarantee

dead american consumption and competence to get somehow healed from the virus disease easier said than done but some legislators point out to a robust as strengthening of unemployment insurance food security or paid leave among all the measures that will help you as a consumers to deal with this situation much better than expected jose luis daro new york thank you. now the coronavirus has been devastating all prizes and ordinary russians are likely to feel the impact as the ruble is losing value precious currency as tumble to a 4 year low since it deal in global oil output cuts unexpectedly fell apart last week hammering oil prices ruble is the worst performing currency against the dollar this year it has lost over 17 percent of its value of central bank will sell for currency for the 1st time in 5 years to prop up the occurrence. now while

latin america has not been as badly affected by the coronavirus so far markets and currencies have plunged as fears of escalation rattles investors nerves the united nations says economies like argentina and chile are particularly vulnerable. argentina was already reeling from recession high inflation and a weak peso the coronavirus and its a toxic mix in the past few days the marble stock index has taken a battering investors fear dwindling trade in the collapse of tourism to destinations like the capital when as i raise and patagonia. the un's trade in development agency says latin america is under threat. in the latin american region which is also vulnerable region we're looking at an economy like argentina. has been contracting as a consequence of its. difficulties with servicing its debt. that's

an economy that will again be struggling as a consequence of the knock on effects of this crisis next door peso has been slammed by volatility linked to the world wide spread of the virus as well as protests over inequality and social injustice that have weighed on the economy. economy is largely driven by exports ranging from salmon to wine and fruit and vegetables but the corona virus has also hit the country's biggest export copper as demand in its key market china plummets. tuesday marked one year since the crash of ethiopian airlines flight 3021 year ago 157 passengers on a boeing 7 vs have max plane bound for nairobi lost their lives after a flight control system proved sadly flawed a monday in the o.p.'s ak raft accident investigation bureau released a report ball soaring earlier assessments which found that not the airlines or the pilots but the boeing's plane's software cost the crash. still in mourning and one

year after the crash these people who lost relatives and friends traveled from france to addis ababa in ethiopia u.s. aircraft manufacturer boeing has pledged about $150000.00 for each victim to little many say now the families are suing boeing in court they accuse the aircraft manufacturer of neglecting safety we were pissing. off them and the all 1st that boeing cuss me. out now the 7th of all. for most of our clients we have made instead of 20. kids we're going to continue with a with the usual process a we're going to continue with the case the sequencing of the ethiopian government interim report on the $737.00 max crash found systematic design flaws in the plane

for example the automatic control system was faulty so that the aircraft was steered towards the ground the reason for the crash since the accident the $737.00 max machines have been grounded causing boeing a loss of nearly $4000000000.00 the company is currently working on getting the planes recertified but new problems keep cropping up most recently with the wiring in spite of the problems boeing expects the $737.00 max to be allowed to take off again in the middle of this year. and if you want more detail coverage on boeing the fate of its 737 max and the role of us every nation regular f.a.a. simply go to our web site that's d w dot com slash business there you'll find a lot of background information. and now to some of the other business stories making headlines the german institute for economic research has warned that the coronavirus will drag germany into

a recession this year germany's export heavy industry is badly hit but other sectors like the hospitality and travel industries are seeing tough times as well the institute highlighted risks to employment say but equally part time workers could see their income sources drying up but a bank says it's dispersing its staff to different locations after a franc for base worker contract the coronavirus at the european central bank one person has also been diagnosed with the virus and 100 of their colleagues are working from home as a precaution. as finance minister has announced a slashing of the budget in the face of plunging all prices currently oil is trading around $20.00 below what the energy exporting nation needs to finance its budget just how much nigeria will be forced to cut will be determined later just week. india's top tourist destination is the golden triangle the city of j poor delhi and home to the top small but the spread of the coronavirus

a stake in the last of the sites in recent weeks visitor numbers are down and businesses are under pressure an elephant ride is one way of seeing pours amber for it one of india's most popular sites but it's a lonely a ride these days fewer tourists are coming to poor chinese visitor numbers have been down for weeks and now after 16 italian tourists who visited the city later tested positive for corona virus worries have shot up the city's hotels are seeing cancellations of almost 80 percent toward gods are feeling the pressure. our business is like a. wall all for glass on a small east on canebrake whole wall so this kind of news coming from everywhere from the international media domestic media soft post this here if we have almost 40 to 45 percent cancellations personally my t.

groups of the macho cancelled already. many still make the trip to see the famed pink city with precautions of course but even those who want to make it work are finding it more difficult. to try to enjoy this holiday but you heard that our trip to. israel and also in our heads but the question is now when the epidemic will calm down and if merchants and tour guides can hold out until then those answers are yet to come into focus. and that's our show i'm chris bowen thanks for watching.

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