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that. as we take on the world. where all of the stories that matter to you come true of what ever it is to. cut. the. alcohol. made for mines. u.s. lawmakers present their plan for a 2nd a trillion dollar stimulus package with the current set of benefits due to expire at the end of this week millions of americans are already struggling to pay their bills want to know what's happening next. coming out here if because the airline post huge law. passenger numbers dropped 99 per cent.

of the global economy faltering investors. sending the price of gold all time high . ferguson welcome to the so we begin in the united states where republican lawmakers have just presented their plan for a 2nd round of stimulus measures aimed at protecting the economy from the impact of the coronavirus the new proposals include unemployment a relief and a direct payment of $1200.00 to individual americans with the current package due to expire on friday for americans struggling to make ends meet the help cannot come soon enough. another day. another stack of bills waiting to be paid. medical bills are this just really. coming to.

light you know this is where i was sick. pay this bill because. there were. brown is one of over $4000000.00 americans who contract it covered 19 she survived the disease but her treatment required a medically induced coma nearly a month in the hospital and 3 separate blood transfusions procedures that have left her family of 4 struggling to make rent. on time is running for more than 20000000 americans who depend on the government's expanded coronavirus aid program which is set to expire in the coming days and at least one republican governor is calling on washington to provide more funds. to cover its collapsing in putting more people. not able to provide services to people destroying it. as republican members of congress put the final touches on their trillion dollar bill

they're already facing pushback from congressional democrats use them of dragging their feet while millions struggle to make ends meet anybody for more on this let's go to the financial correspondent yes caught in new york yes one thing this new plan well it's very telling what's in it also what's not in it but it was what's in it so americans will receive it not the one time trial for $100.00 check by the government then this extra money for unemployed you could get some help from $600.00 a week to the $200.00 something we can spool square get some support and now we come to the point what's not in it and that is funds for local and state governments so that is actually something that democrats were pushing hard for quite a bit to so that's the plan from the republicans and now we have to wait and see if

any agreement will be possible any time soon was that. he had on that no yes time here is really of the essence the current measures are expiring at the end of this week do you think they'll be a new plan equate before that. well it would be a disaster if there will be no agreement and i'm standing here on the for one spot in their oyster and steak house in the book and it's close for good that basically every day you see where you're from places that are close even to the retail stores in the restaurants so i guess it will be crucial to get a deal done and sometimes on the essence in about 10 days every says starts watching until the women should have been before that. and briefly and think you can do you think this will be enough to protect the world's biggest economy from an economic disaster. well what we definitely should understand this is not you're going to you're going to call that this is not message go stimulus program this is

to get people from here to clear so at the end we do need to find sure the kids he said find if this scene and everything we're doing with all those all those billions of dollars for the u.s. government the city just like a bridge it's a mention to get us from here to there. caught in new york thanks so much for your insights 900 some of the other global business stories making news. u.s. drug maker mature enough says it's receiving an additional $472000000.00 in government aid to develop a vaccine against covert 19 the company recently announced the start of a trial on $30000.00 people and says it could have a vaccine ready for use by the end of this year. british drug maker astra zeneca is teaming up with japan's daiichi sankyo to develop a new cancer treatment it's the 2nd major concert for

a collaboration between the 2 companies the deal could see astra zeneca pay up to 6 $1000000000.00 to date she found kill. google is giving its employees the option to work from home until next july 6 months longer than the company had originally planned the move is likely to put pressure on other tech giants that have proposed earlier dates. german businesses are feeling increasingly are these and that's despite the coronavirus that's according to the latest monthly survey of some 9000 monitors by the munich based evil institute for economic research the figures show a 3rd consecutive increase in confidence. indexes germany's most closely watched barometer of business sentiment in april it hit a record low earlier we spoke to the head of the for the institute claimants food and i asked him why determined businesses are feeling more optimistic. there

is a recovery in china our consumer spending in germany the seems to be coming back so in some sectors of retail we see good numbers so there are some positive signs of course generally the economy is opening up again some of our neighbor countries are also opening up and we shouldn't forget we are coming from a very low level so it's not surprising that the indexes recover. shares in european airlines are down after regional spikes in corona virus cases filled fears of a longer term impact on the industry the united kingdom is among the countries warning of travel to spain with british visitors now required to file i fully when they return home irish budget carrier ryanair is among the airlines feeling major loftus as europe's busiest airline group ryanair had much to lose from

corporate 19 and lose did to the tune of 185000000 euros travel restrictions hit hard with passenger numbers down 1009 percent speaking on the ryanair website the airline chief warned that his biggest fear was a 2nd wave. of this and we expect the for your traffic to fall by about 60 percent will fall $141000000.00 passengers last year to best $60000000.00 passengers this year dr who would be entirely contingent on there being no 2nd we've called admitting in the autumn of the winter and obviously we've seen some recent spikes in places like barcelona and that is impacting short term bookings. those rising coronavirus case numbers in spain late the uki to reimpose a 14 d. quarantine for arrivals that decision dented travel stocks holiday company among them. and he said mesdames

a government that biased against anything but essential travel and play a holiday however much we all love it is not essential travel and although sometimes i wish it was and so we cancelled all our men and spain program and we canceled out the land war because clearly it's a fairly fast moving kind of creature and we don't know quite where it will go next for ryanair bosses see the key to survival is cost cutting along supply chains and widespread mask wearing and hand hygiene on its flights but even those are no protection against a bumpy road ahead. let's get some more insight on the challenges facing the airline sector from financial correspondent chelsea delaney in frankfurt. it's been a brutal day for the european travel industry it's really starting to sink and for and busters and for the companies the really it's not going to be smooth and even recovery for this sector this comes after we saw ryanair report the worst quarter

in its history right there had been seen by a lot of investors a standout someone relatively well positioned to weather this storm they're now casting a lot of concern over this future of the industry and especially over a 2nd wave of infection and we are seeing this start to play out and the u.k. they've introduced new quarantine measures on people coming back from holidays and spain this is causing a lot of airlines to have to cancel flights and holiday packages and stoking a lot of concerns that we will see the reimposition of more travel restrictions ahead which would be a severe blow to this already crippled industry. and finally uncertainty abandons the price of gold has hit a record high as investors seek a safe place to park their money the price of an absence of gold reached 1944 u.s.

dollars in early trading breaking the previous record set back in 2011 traders have been rattled by the latest diplomatic feud between the united states and china as well as concerns about when and how it would be economy will recover from the coronavirus. so we have time for 4 more to check out our website the w dot com a slash business where on facebook on twitter too to feel free to drop us a line for me on the entire team here goodbye and take care.

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flames that consumed forests and entire residential areas from. rising temperatures water shortages lands clearance there's an abundance of flammable material once again to. no stop the fires. going smoke. global conflagration the world on fire starts aug 12th on t.w. . when people hear the word bad they usually think of money but today we want to talk about a different kind of back one for things like beans bananas and barley here what's being store.