business is up next looking at another historic day on the wall street to washington to you news from the lead don't forget you can get all the latest news and information around the clock on our website just joking dot com politics closer to extra watching for. my 1st vice i was a sewing machine. where i come from women are almost by this notion towards women something as simple as learning how to write a by psychosis and. since i was a little girl i wanted to have a bicycle off my home and it took me as to understand there's. finally the game bob invented by me and by psychos and returns people sewing machine sewing i suppose was more apt procreates for goes than writing i'm biased as no i want to meet those

woman back home blood bones by then 2000 and social goals and inform them of old dead be surprise. my name is them out of the home and they work at. the trouble continues wall street has its worst things 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 all the coronavirus nightmare for the global aviation industry gets worst as the united states bars travelers from most e.u. nations from entering the country and what's more expensive than going to pull a deal. seeing

a market and we will let you know why. kris kobach into 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 the self coming 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 the losses worsened 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 straddle 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 norwegian air the largest foreign carrier serving the new york region

says it's scrapping another 4000 flights and temporarily laying off up to half of its employees. the global aviation industry has been shaken up dramatically by the coronavirus an 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 hired in 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 equates 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 dollars 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 scene.

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 the president delivering 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 would be included he later. tweeted say measures that will not affect the trade or goods only people but the damage was already down also he did not all for up major new ideas on fiscal stimulus is still in the waiting jose louie's another day of steep losses for u.s. markets the worst stage since 987 for the dow put that into perspective for us. exactly the worst percentage drop for the dow jones since october of 1970 which

supports the idea that the economy might be heading into into a recession like these screens or that we experience the weakest drop over 20 percent from record highs ever taken toll both on investors and consumer confidence and consumer confidence and 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 call me even harder and make out but situation even worse so is 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 i think 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 the regard and out of time even if the federal reserve announced a massive additional injections of liquidity to decease them to make sure there is enough money for lending among banks in the short term the markets have make 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. that he was daro reporting from 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 corona virus 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 bishops 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. as already negative interest rates on banks deposits as a way to stimulate the eurozone economy the deposit rate was already have a record low of minus point 5 percent. or words did not ease jittery nerves on the markets to 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. a rare commodity now palladium it's used in catalytic converters in cars and automakers needed desperately to meet tighter missions standards which is one reason for the recent surge in 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 a little cut recycles the precious metal just one of these exhausts can sell for up to 2900 euros for the palladium i like. entrepreneur christophe's reza has never seen prices like this. these precious metals they used in the email 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 off to 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 answers a played in per year forces through going out to supply i don't think that there's speculation that's driving a surge in prices i believe it's supply and demand fundamentals. here in germany behind the steel door and one meter thick concrete walls rare and precious metals

of stuart investors are hoping to cash in on the high demand for palladium. these small 100 gram cost around $9000.00 euros each comes out in a premium the there's limited availability of this role 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. these apprise are no high. in 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. we assume there's

a market for them in eastern europe they probably burn or melt out the precious metals and put them back into production or tools you can. extract thing palladium from catalytic converters requires know how as well as centrifuges and other law technology but at the current prices it's clearly worth the effort. twice as expensive as. that's a show i'm chris cuomo cover in bowling for me and the entire team thanks for watching and herself a successful. the

from. climate neutrality to. energy pioneers aka pairing forest. green deal is attracting no money. guys c o 2 is just one way the climate killer can even be resigned called can't replace crude oil. made in germany. w. . to the point strong opinions clear physicians international

perspectives. more than a 100 countries around the world are in the grip of a coronavirus thousands have died and many more are infected and this business is struggle to stay alive great fears of a global recession sad to deal with the i'm still kind of old to the point shortly . to the point of the team 16 years on t w. is the human race to destroy itself. we are moving the basic elements of our existence. using too much water and moving the bugs water juice and life.

we may think only water supplies who can last forever. but they. come when the rains strong. storms march 20th on g.w. . the new corona virus has shaken global financial markets countless businesses are in jeopardy but the large scale shutdowns of factories and flight cancellations have been ups.