thank. you. it is just too risky.

to. musicians. making money. because of the. welcome to the program it's billed as the world's biggest festival and every year it attracts some $6000000.00 visitors from around the globe. but october fest. because of the. events given the enormous crowds.

in. the. emotionally difficult moment. well you have to understand beers that the total fest for munich and the people of munich is much more than just another big party this is it's got a really long history it's been around for more than 200 years and it's shaped the image of not only munich and a very a but to certain degree all of germany all around the world if you ask anyone anywhere in the world what they associate with germany one of the 1st answers that you always get is the otago fest and the people of munich of course are proud of that they're proud of the fact that their city is home to a huge famous festival like this that draws visitors from all around the world by the millions every year now of course they're sad that this year it can happen absolutely means october fest and drinking time but there is of course another

economic dimension to this isn't. absolutely the entire fest for munich is a huge economic factor it's it brings in more than $1200000000.00 euros every year and of course the 1st thing or the 1st casualties that you think of are the businesses that are on the top of fest itself of course and the breweries but there's much more to it really there's a whole hospitality sector if you think about the fact that around $1000000.00 people spend the night in munich during the of tobar fest so for the hotels it's a huge factor for taxi drivers for restaurants for bars for everything really as specially in a sector that's that that's a very difficult situation this year anyway this is just another blow to the gun for boston given the current situation with the pandemic in germany and internationally as well i mean the olympics. is this is it really such a surprise that october 1st has been cancelled. no it's not it's not

a surprise at all beers on the contrary it would've been a huge surprise if they went ahead with it and they've been talking about canceling it for weeks and 1st they said they decide about it in the summer then they said in may and so now they made that decision today if you think about the fact that we know that other mass gatherings in the past and it was huge outbreaks. you think about the fact that this is a festival that draws millions of visitors from around the world and then they party together there that you can't socially distance yourself at the top of says it's just impossible people get infected they go back to their home countries spark outbreaks there that would be a huge disaster so there's no way to responsibly go ahead with this festival with this event this year so that's why this decision was made and everyone expected it to be like that i suppose there was going to be a lot of drinking. thank you very much for that. let's have a look now at some other coronavirus news from around the world several countries

are starting to ease their knocked on including germany. but before the end of this week it will outline plans for the gradual easing of destructions from the 4th of may so for us states of announced reopening show deals with georgia even to restart its economy by the weekend for the world health organization has warned that rushing to ease restrictions will increase the risk of the substance of the disease the global death toll now stands at nearly 170400 according to johns hopkins university in the u.s. . and here's a look at some other stories making news around the wild south korea and china have cast doubt on media reports that north korean leader kim jong un is gravely ill after a heart surgery said it had seen no signs indicating the 36 year old was in serious condition. after kim missed a key state celebration last week. u.s.

president donald trump says he will temporarily suspend all immigration by signing an executive order he said the action was a response to the coronavirus of brick and to protect jobs more than $22000000.00 americans have applied for unemployment benefits in the past month because of pandemic lockdowns. that's for the 1st time in history that u.s. oil prices crashed into negative territory on monday they have since rebounded but it meant producers had to pay baez to take oil off their hands the crash was triggered by a collapse in demand as the world continues its shutdown because of the spend demick it's an unprecedented development we'll discuss the impact in just a moment but 1st this report. when its planes are flying and it's ready to roll that the u.s. can at least lay claim to one thing we certainly have plenty of. in fact far too much of it the president tried to calm nerves after the value of u.s.

crude went negative for the 1st time ever on monday at one point reaching minus $40.00 a barrel in a month it would go a little bit it's at $25.00 and $28.00 or so it's largely a financial squeeze and they did get squeezed with a boil traders who found themselves on monday under heavy pressure to sell off their crude futures to the rising cost of holding the oil in the u.s. is when dealing storage facilities means keeping it is becoming too expensive. there's so little space for it left the u.s. government is planning to fill up its own reserves i think we have 75000000000 gallons right now capacity that's a lot it's we've been building it up over a period but that's a lot 75000000000 barrels. so we're going to get either ask for permission to buy it or we'll store it one way or the other it will be for the what is most

needed is a return in demand brought by restart to the u.s. economy then the oil that continues to be pumped unbroken pace can actually have enough places to go. the movie didn't speak to a business reporter rob ward's full report you just saw robo com what exactly do you mean by a negative bryce's or barrels of oil so let's take an example you and i we go out to the shop to get a snack after the program and we go to the shockey from we say see how much is this chocolate bar and he says negative one your are we going to be thrilled our way because we're going to get our chocolate bar and he's also going to give us a euro it sounds ridiculous but that's effectively the situation that we had with oil futures in the united states yesterday since the start of the year people have been flying they've not been driving factories haven't been working at the same level as they were before and it means that demand for oil has dropped dramatically

however the refineries have still been pumping it out to a similar pace to they were before so it means that produces have got this huge backlog of oil to the extent where they know where to put it and they reach the point where they are willing to pay people to take it off their hands so use the costs over there but then the key question here is why did this production continue when clearly demand wasn't there we've heard quite a lot of talk around the world about reducing oil output we had that meeting last week among the opec countries that produce a lot of the world's oil and their allies and they did come to this agreement that they were going to cut oil combined by 10000000 barrels a day but it seems like that isn't enough because we've also got in the u.s. other reasons the oprah duction isn't being lowered their competitors don't want to give their competitors a leg up by slowing down their for direction and also slowing down production

closing facilities cost money getting them going again once all this crisis is over is also going to cost a lot of money so for those reasons output has been 19 and it continues to be maintained. and we continue to get this growing battle district of the example the group gave earlier get a one year old roebuck for a snack that you get effectively feel free sounds like a good idea i mean related to oil or this version freeserve i'm in the united states it's a good thing for me right and if i'm living abroad what does that mean to me well we're not at the stage where even americans can turn up the petrol stations and demand to get their petrol and a bit of money as well when you know that this is a fleeting things happen we've already seen today that oil prices have started to become you know positive again it was a quirk of the way that that sold based upon futures that we had what happened yesterday but pump prices have been dropping in the united states over the past few months they followed by 2 thirds since the start of the year outside of the us we

won't see the same impact in this west texas intermediate drop in prices because most of the world uses brant crude as its gauge for how much oil is worth but it is a sign of the trend in oil prices around the world that they are going down without petrol prices will also go down the problem is we've got no i say go halfway don't it's a sliding scale of the robots thinks of us recovering in a british or us. besides oil another industry that has been hit hard by the pandemic is now with lockdowns in place in many countries concept some for us have been canceled and the prospects for life performances in the future all sort of bleak in the u.k. a plot somewhere is really used for booking artists is now offering musicians and alternative way of making money did of those beer get mass reports from london savannah hunted down here actually hope you're right there in south africa this is a special music message now for an ox here in london. a light hearted video message

for some doctors composed and performed by musician tom morning. how are you going to help me with. being a musical messenger is the new day job for tom hall. in no. i fly all kinds of weddings and events all over the u.k. and europe. so it tends to be mostly my weekends completely for less work full time job obviously in this situation they will be disposed of can't so it's gone are the days of life where tom could perform at parties on greek islands or an indian weddings. his income has vanished overnight spring and summer are usually the busiest time of the year for musicians like him but music and theater venues across the world remain firmly shut and with nobody knowing how known this

will last musicians have been coming up with a plan b. past the lies news the knesset. the web said on calling stem with clients allowing them to earn money and to do what they enjoy most of all to perform. music is one of the u.k.'s best exports and the u.k. music industry is enormous so to see it all within the space of one who needs to go from beginning to almost nothing has been has been extremely difficult for everyone in the music industry we didn't want to sit more in the loss of life performance we wanted to sort of turn our heads to a solution and think what can we do right now i help musicians and money from home . to make it service even more attractive encore donates a small amount of food surnames on each message to the british national health service perform songs for patients suffering with current or past so. i've even

performed at someone's virtual party. it's really good. so far several 100 messages have been sent all over the world for musicians like tom morley this means that they can now pay their rent. i'm certainly not feeling positive all the time myself at the moment. but it gives me a focus yeah great great channel positivity into every day. and to show how truly adept ability is tom gives a very special performance in german. kiss in the bar. bar is there. anything is there. soon as i made it then. they sent.

this is a dozen years in berlin the great reminder that you can get news of each other on the craft on our website ended up in dot com and with the dean of new app and added up i'm going to do it and for watching. i didn't because it is out there by a long it's not easy to go to another country you know nothing about why folks i don't do this because we can't stay on it's way into i'm not down on the support that. closely global news that matters d.w. made for mines.