is human race destroying itself. we are ruining the basic elements of our existence we're using too much water and we're polluting. for life. longer supplies will last for ever but they won't. when the rain storm. starts march 20th on w. . the only way is down despite central banks around the globe corona in fact markets are continuing to melt down in the us the down another 10 percent around asia investors keep racing into safe havens and wiping trillions of dollars worth of stops. as markets continue their downward spiral of right of hope from china

beijing claims the west is over in the province and who took the workers are returning to factories. and football clubs taking it all taking a beating as teams play in empty stadiums due to primetime. this is the business i'm in berlin welcome coronavirus continues to batter global markets thursday saw the largest one day loss on wall street since 1980 seven's black monday with stocks falling by a massive 10 percent that followed huge losses in europe yesterday even after central banks around the world cut interest rates to ease fears asian indexes continued to fall in early friday trading before rally on a little shanghai composite and hung zang saw shop early losses but source some recovery over the course of the day japan's nikkei closed was it's down. 6 percent

. let's go to financial correspondent to delay and he's really standing by in frankfurt chose the markets around the world in freefall despite some full brunt of darts so it's interesting that the european central bank yesterday did more to lower their interest rates would you read into that as. well this meeting yesterday it was very highly anticipated it was expected to be the e.c.b. whatever it takes moment where they come in and they say we're going to do whatever it takes to rescue the economy here and they really didn't do that that's one reason we saw such a dramatic sell off here and europe yesterday but i think there's a couple things one there is a growing acknowledgement negative interest rates here are having really negative consequences on banks on savers and cutting interest rates even further would have been a big problem for the financial system but it's also coming at a time where investors are just really losing faith and the ability of central

banks to to really offset the crisis here we've been so dependent on central banks since the financial crisis where a lot of investors just believe no matter what happened the sad the e.c.b. would step in and save the market and now that's all really being put into question because of the nature of this crisis which is really just grinding activity to a halt and there's only so much that monetary policy tools increasing liquidity to banks can do. shows you what are you expecting to happen in european markets today . i wouldn't be surprised to see a bit of a bounce back in markets today especially given how steep the falls were yesterday looking at the futures market docks futures are up about 2 percent but i think and terms of the longer term we're not going to see a real stabilization and markets and till we start to see the number of cases come down and. a clear outlook on the spread of the virus. is that it's going to get

worse before it gets better thank you very much chance of filling in frankfurt. while all that is happening some encouraging news from china they jane has announced a drop in new cases. the government insists the worst is over beijing is doing everything they can to convince the world that they have the situation under control. on the surface life in china seems to be slowly returning to normal people are still taking precautions but at least they're daring to venture out in public again some factories have reopened but things are happening at a different pace in each region state authorities are pushing an optimistic message . or more things started to slowly improve in february we had an increase in customs declarations and the volume of cross border fred

traffic increased so china's foreign trade has also been gathering momentum recently. production is still getting back to full speed there is a 14 day quarantine period for all international arrivals at beijing's airports from europe. this is keeping the brakes on normal output life in china still takes place in the shadows of the virus with temperature checks monitoring and other bio security measures. not just the stock market is in turmoil ordinary small and medium sized businesses are fighting for survival to take german mail out of fashion retailer the average stack of that contains 20 different components from ultimate hero so lining or buttons you can imagine the headache this causes for global supply chains especially with the firm's sourcing in china also has 600 supplies that accounting for 40 percent of all deliveries most of them textiles

company has offices in home and car last year auto imported 18000000 items from china. and i'm now joined by michael duncan he's the c.e.o. of hermas auto international and he speaks to us from hong kong michael how bad is the situation for way you walk. it is improving and particularly we see no recovery rate on the east side more than 8 percent it. didn't you know the return of the workers by foreign cities just sent so every. $2.00 to $4.00 weeks till we really see a 20 improvement for china and says we're a global company now we're worrying certainly about other places like turkey india and what will come up there and what will be the it. that's that's a good point what is also doing to counter the damage the continuing damage to its

supply chain. but we have one advantage when you're a global company and global organization has 23 offices worldwide so we are all major markets so that's why when you 2 are certainly very much the situation in each market and where it is necessary we are shifting orders from one market to the other which is not always easy but this is it he's giving us a surplus ability that the only touring the situation close he can keep the definition for our cast list as low as possible but there is a huge impact there's no doubt. do you think consumers will actually change their spending habits over the crisis. i am very sure i mean we have the big advantage companies one of the largest e-commerce companies worldwide and i think their online business certainly has advantages versus the law retail because people are afraid to go out so then we'll have an advantage but overall i'm very sure that

the consumer climate will have a negative impact and even as far as it will happen and there's no doubt how big that it is that impact going to be have any idea this is very difficult to say to be honest i mean we are very happy now about the recovery in china and you can't is there all this back to europe and nobody expected it to be honest when it started here in china and hong kong and now we see what the impact is and you just mentioned it in your followers so it's really difficult to say and i don't want to be any in a percentage in there because any number i would mention would be probably wrong by the sea all of us also international thank you very much for this update. thank you very much. approach of ours hasn't ever day life on its head every wet in the space of just a few days in the world of sports soccer's governing body a body in germany has found it difficult to accept the new normal germany's top 2 soccer leagues are hosting games and empty stadiums now that does not only feel

with the players from big internationally known clubs like by and munich or for us at dortmund which are used to playing in packed arenas it also club's finances. it's the 1st big german match in an empty stadium mention gladbach versus cologne the fans were only able to cheer on their teams from the parking lot it's bad for the stadium and bad for the hosting team only for one damon brings in 2000000 euros for us the league provides us with game cancellation insurance so we can postpone games and cover the double expenses but that's not the case here for the show saturday and dortmund is going to look bleak as well normally $81000.00 fans come to their local derby against shaka their absence will cost the club almost $3000000.00 euros another game with empty seats will be union berlin versus buying in munich that represents a half

a 1000000 year old loss at the box office all told the bundesliga stands to lose an average of 10000000 euros for every game played behind closed doors. sports economists sebastian thinks that the bundesliga will come away from it all unscathed ticket sales only account for 8 to 15 percent of their revenue. in attendance as a sawdust sports like handball basketball hockey and volleyball depend more on game day for income than soccer does they depend on those games for 20 to 30 percent of their revenue because of the social eye nonsense look at sponsorship a slightly puts and also mention the revenue is especially important when smaller sponsors are. television revenues can't cover all the expenses a team might have the situation in ice hockey is drastic the german ice hockey league g.l. has even canceled the playoffs the most lucrative games of the season it might even

be the death blow for certain clubs at its high for the cops and it's a hard time for clubs we hope that the government's promises apply to us as well and we'll get some kind of aid we're directly affected you are not only indirectly our bread and butter is been taken away by no fault of our own so we hope we'll be getting some help when to start our next question if this soccer season will probably continue unless the bundesliga is forced to close it down completely clubs now depend on the revenues from t.v. and sponsors fans from 2nd division club v.f.l. boca are getting creative in the crisis they're selling tickets for the game behind closed doors again. it's more of a symbolic gesture to help the team coverage least part of the fallout as of now the game is far from being sold out. american electric car maker tesla is temporarily withdrawing its employees from germany due to the entry ban imposed by the u.s. on passages from the e.u.

in the wake of the corona crisis the ban begins on friday thought according to the company it won't affect the schedule for building a new plant near berlin where land is being cleared for the project wants to begin production there as early as july of 2021 and build up to half a 1000000 b. olds that year. and that's it from me and the business team here in berlin got much more on our website that's of course to w. dot com slash business also drop us a lion on facebook or twitter now stay tuned to the. all the latest news in arts and culture for you just after a brief update on global markets right now. i'm

scared that the a war that's hard and in the end is a me you're not allowed to stay here anymore we will send you that. are you familiar with this. when the smugglers were alliance and. what's your story

ready ready. i mean when i was in women especially in victims of violence. take part and send us your story we are trying always to understand this new culture. another village. you want to become citizens. in for migrants your platform for reliable information. hello welcome to news from the world of arts and culture here is a look at what's coming up today. a young polish countertenor who's getting rave reviews in the opera world as a novel unexpected talent. and a french graffiti artist who creates optical illusions and then appears in the most

wow. box 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 fatsis 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 it could be you. know. it's a. mess.