well you. also need to sift through. a lot of people for the over rich and home the fortune for the most recent article about. the bottom of the valley that. was worth. 3. degree books on. the move. but trouble continues wall street has its worst days since the 987 crash investors the governments and central banks anti-virus measures us too little and possibly too late sending stocks into a tailspin also the coronavirus nightmare for the global aviation industry gets worst as the united states bars travelers from the most you nations from entering the country and what's more expensive than gold palladium is seeing

a good market and we will let you know why. of course kobach the program it was the worst day on wall street in more than 3 decades stocks plunged again on thursday triggering a stop in trading for the 2nd time this week the dow jones industrial average fell by 10 percent self calming amid growing uncertainty over global measures to contain the economic damage of the coronavirus pandemic so far emergency measures by central banks fails to dow's mounting recession fears due to their losses or worse and by reactions to a travel ban to the united states for most european citizens. will cross over to our wall street correspondent in a moment but 1st brussels has it back and washington straggle than you officials say it came without any consolation now u.s. president trump says there was no time for talk it's already causing airline problems as normal. there the largest foreign carrier serving the new york region

says it's scrapping another $4000.00 flights and temporarily neighing off up to half of its employees. the global aviation industry has been shaken up dramatically by the corona virus outbreak. empty plans travel bans and forced flight cancellations have become the new normal that has already made things difficult for airlines on wednesday night a fresh blow to keep new cases from entering our sure's we will be suspending all travel from europe to the united states for the next 30 days the new rules will go into effect friday at midnight. the ban has several exceptions it does not apply to u.s. citizens permanent residents or immediate relatives of citizens ireland and the u.k. are also exempt as are other countries outside the european schengen passport free travel area. and although donald trump suggested otherwise the white house has

clarified that cargo flights will not be affected. nonetheless the move will have a huge impact on european and u.s. airlines that regularly cross the atlantic ocean. nearly 40 airlines operate around $560.00 passenger flights daily in both directions that acquits to nearly $17000.00 flights and $4800000.00 seats in a 30 day period among the european airlines most affected will be lost tons of air france and k l m u.s. airlines such as delta and united will also suffer last week the international air transport association said the global industry could lose over $100000000000.00 as a result of the coronavirus pandemic. given what has happened since that now seems like a very conservative estimate. all right now let's bring in the whole sea louise daro

in new york or san luis the u.s. president is attempting to send a strong message here why are u.s. investors reacting so negatively to. confusion to president delivery on wednesday night created more questions than answers initially not only did he not give any heads up to european allies but he also did not make clear if european products will be included he later clarified that be a tweet it say measures or will not affect the trade or goods only people but the damage was already down also he did not all for up a major new ideas on the fiscal stimulus is that still in the waiting paulson louise another day of steep losses for u.s. markets the worst day since 987 for the dow put that into perspective for us. exactly the worst percentage drop for the dow jones since october of 1987 which

supports the idea that the economy might be heading into into a recession. or that we experience the weakest drop over 20 percent from record highs ever they control both on investors and consumer confidence and consumer confidence as specifically it's very delicate if consumers like myself into thinking hey we are heading into a recession or we're going to lose our jobs even if that not happening when the situation recovers that does not mean we will immediately go one by and spend right after and that will keep the economy even harder and make our situation even worse so if investors aren't buying president trump's travel ban how about other measures to prop up the economy in this time of crisis from the fed for example. well for now the latest news coming from capitol hill is that legislators from both sides of the aisle are close to the school deal but not there yet so the clock is

ticking on that regard and other time that even if the federal reserve announced a massive additional injections of liquidity to deceased them to make sure there is enough money for lending among banks in the short term the markets have made very clear agrees with a 3rd of that monetary policy it's not the answer to a stop the virus from spreading or get this situation under control also lose daro reported wall street also louise thank you so another gruesome day for u.s. stocks earlier in the picture was much prettier on european exchanges many eyes were on christine legarde the president of the european central bank called the coronavirus pandemic a great shock to the world economy and announced stimulus measures by these but it wasn't what many had hoped for. markets had been expecting a rate cut but that's not what they got from the euro zone instead there was a warning from the new e.c.b.

chief that the pandemic was a major shock to the economy this requires a coordinated response from finance chiefs and governments to mitigate the impact. in particular and ambitious and coordinated fiscal policy response and vicious and coordinated fiscal policy response is required to support businesses and workers at risk. despite not cutting rates the central bank chief did announce new stimulus these included measures to support bank lending and expand its program of buying corporate bonds. investors had expected to slide cause in the e.c.b. s. already negative interest rates on banks deposits as a way to stimulate the eurozone economy the deposit rate was already of a record low minus point 5 percent or words did not ease jittery nerves on the markets the paris and frankfurt stock exchanges fell more than 10 percent in

afternoon trading after the announcement was spain's ibex and other european bourses also tumbled. but a rare commodity now palladium and is used in catalytic converters in cars and automakers needed desperately to meet tighter mission standards which is one reason for the recent surge and palladium prices the other is a massive under supply as russia of the world's biggest palladium producer is strictly controlling quantities making the already rare metal twice as expensive as . a catalytic converter contains up to 45 grams of palladium which makes the scrap extremely valuable german company able cut recycles the precious metal just one of these exhausts can sell for up to 2900 euros for the palladium alike. entrepreneur christophe's reza has never seen prices like this. these precious

metals they used in the emo billet he sector for electric batteries people are speculating on that being a growing the moment and that's driving the prices sky high. south africa is the 2nd biggest producer of palladium after russia this mine is about 2 and a half hours drive from johannesburg palladium is extracted as a byproduct of platinum mining demand is rising the precious metal is vital for the systems that clean exhaust emissions in hybrid and gasoline cars. and manufacturers are under pressure to comply with increasingly strict emission standards so the automotive industry uses about $9000000.00 ounces a plate in per year forces $3000000.00 ounces of platinum i don't think that there's speculation that's driving the surge in prices i believe it's supply and demand fundamentals. here in germany behind the steel door and one meter thick concrete walls where some precious metals of stuart investors are hoping to cash in

on the high demand for palladium. these small 100 gram ingots cost around $9000.00 euros each. comes out in an airplane in the us the limited availability of the straw material and there's a growing number of applications for it too that gives people confidence that the value will remain stable and that it could quite well go up. because even does a prize or no high. end gurlitz on the polish border palladium is even keeping the police busy especially investigators looking for thieves who have so far stolen more than 80 catalytic exhaust combatives from parked cars 5 arrests have been made so far. so that's your. there's

a market for them in eastern europe they probably know melt the precious metals and put them back into production tools again. extracting palladium from catalytic converters requires know how as well as centrifuges and other lock technology but at the current prices it's clearly worth the effort. twice as expensive as. that's a show i'm chris cuomo limb for me thanks for watching and successful.

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i'm not laughing. at us sometimes but i sound off in the winter that. thinks deep into the german culture of looking at stereotypes a question in here think the future of the country that i not. yet. we take for this drama play out. it's all about ok. i'm right joe joe i mean coming from jenin from d.w. . post.

hello welcome to news from the world of arts and culture here is a look at what's coming up to the. a young polish comes to town a who's getting rave reviews in the opera world as another unexpected talent. and a french graffiti artist who creates cool illusions and then appears in them as well . bots we start with

a movie that's been talked about a lot at the moment never really sometimes always is about the difficult subject of teenage pregnancy and abortion in america where such rights or lack of them are very different from state to state that says 1st let's have a look at the movie and some great acting from the 2 newcomers who really carry the film. looks like a positive. it's positive is there any way compete. you know the powers it is only. imagine if you want every. a young girl and a very big problem always them is pregnant and doesn't want to be.