this comes at a time when demand for crude was already some are calling this the ultimate perfect storm how this all. ends. u.s. stock was dropped from the 1987 crash as president trump's open office address failed to convince investors that the coronavirus crisis is only temporary. but the economic drop is proving to be a problem with time for some companies unquote off the caption on people's anxiety . plus we report from the greek island of kos where the fatah faction has been registered local fear they won't be able to cope as they contend with housing and overcrowded refugee camps.

247 live from the russian capital this is an international web that you get from a very womb while come. now for a stop few u.s. stocks plunged on state to the lowest in decades the federal reserve moved to pump in a margin seed loans to ease the strain as investors fled over the impact of the coronavirus pandemic the benchmark dow jones industrial average fell 10 percent in a single day marking the biggest decline since black monday back in 1907 all the major american indexes also closed significant donald trump gave a rout of office address to the nation but failed to comment just as nubs about the economic damage kovac 1000 is causing this is not a financial crisis this is just a temporary moment of time that we will overcome together as a nation and as a world today's boom bust. analysis to try and map out where the stock market

rollercoaster is heading as well as covert 19 another factor is oil which is seeing a price drop and supply such. this is the beginning of the greatest financial crisis in u.s. history to financial crisis of u.s. of 2008 will pale in comparison as will the severity of this recession the summer when we look back to these numbers it's going to look externally grim i think i differ with my friend peter is actually think it's possible that we could get out of this thing pretty quickly come the fall in the winter i think peter has a bit of an apocalyptic view and if you could do something wrong the government authorities to get on it for sure and the feds are going to help congress is going to help but the point from jeff jeff i get. you let me make a point i'm not talking about the coronavirus that's not the problem no the coronavirus is just the pin the debt bubble is the problem it doesn't matter the

coronavirus can be cured the damage is already done the debt bubble is imploding you know if it wasn't a coronavirus it would have been something else this volatile has been looking for in 3 years and it finally found one the u.s. has done everything wrong this stimulus package is is is utterly pointless the this is just government officials trying to make headlines and make news and do what they think they're supposed to do but it means nothing the fiscal stimulus would mean nothing but i think we're faced with with the short term deflation as we've seen from from virtually prices and everything from financials to oil to the fiscal stimulus is going to make the situation worse the u.s. is broke the dear is no money to stimulate the economy all we could do is print money we're going to crank up the printing presses we're effectively dropping money from helicopters but if the coronavirus does anything it's going to reduce the supply of goods so after this initial decline in prices prices are going to go up

because there's not going to be very much to buy the supply of goods is going to go down meanwhile the supply of money is going to go through the roof transatlantic travelers are being dealt a blow off to donald trump announced chapal from europe which takes effect this friday america america's friend from fox reports from reagan international airport in washington d.c. . well saying that airports across europe are having a pretty busy day today is an understatement as american citizens are scrambling to get back before that countdown and at midnight friday evening where that travel ban is to go in place yet americans trying to get home and also have some europeans that has it will be patients in the united states that are either trying to reschedule those vacations or canceling them altogether as the president said this on wednesday evening take a listen. merican should also avoid nonessential travel in crowded areas my administration is coordinating directly with communities with the largest outbreaks

and we have issued guidance on school closures social distancing and reducing large gatherings. made that announcement just hours after the world health organization declared covert 19 a pandemic again that travel ban goes into effect midnight friday and all flights from europe will be canceled except from the united kingdom and ireland now homeland security officials did later clarify that the new restrictions would apply only to the most foreign nationals who have been in europe's passport free travel zone at any point for 14 days prior to their arrival in the united states now following the announcement the european union actually lashed out at president trump saying that the illness does not respect borders now again that travel ban goes into effect friday at midnight on airlines are really trying to help in working diligently to get those americans home or that don't like but they are telling passengers as corny as it sounds to your patience. the crowd of

ours outbreak at the root of this economic instability has been the focus of a phone conversation between the u.s. on canadian need to us who discussed efforts to combat the virus canadian prime minister justin trudeau was watching a 14 day quarantine and knocks off to his wife tested positive for code but 90 around the wild more than 100 saw 2000 infections have now been right just that it's now a few. fishley been declared a pandemic and governments are clamping down on people mixing in public schools and what the pace is of being shocked and may just fix just postponed in many nations but with anxiety spreading just as far off to the coronavirus is providing opportunities for the unscrupulous shot at twopence key reports from paris. with panic in no short supply virus here in front some enterprising individuals well shysters to be more precise have been concocting

a variety of scams to make a quick buck now we're all well aware that the 1st line of defense against the virus is told watch on her hands when you're out in the pouch touching everything from. $200.00 to picking up things in shops it's a bit difficult to run into a both room to scrub. every time well thank goodness of course those little travel sized bottles of hand sanitizer to fight those nasty germs and that is of course if you can still find eddie the phones don't stop printing this morning we have the schools the town hall the public transport company everybody wants gel we are under siege with demand far outstripping supply the cost of an gel exponentially increased the problem was considered so serious the french government stepped in to you that today when you take the degree regulating the prices of hydrocodone

another precaution for many is to do on a face mask a tiny bit of cough covering your mouth and is this season's must have it seems the face mask took over paris fashion week so if you have the money instead of paying a couple of euros for one you can spend thousands if you like except that the type of mask available over the counter or even from arena and fashion house is pretty useless against the virus that's at least according to the french government which at the same time is requisitioned all stocks and production over masks for the next few months reserving them for health workers and those who are infected but. the scammers have a new ploy france has you probably know a wolf famous ban or fully covering your face in public that's mainly aimed at conservative muslim women but some tricksters have twisted it to their advantage

dressing as police officers they've been told getting chinese visitors to paris who were wearing face masks telling them that they had broken the law and had to pay an on the spot fine these students were 1st to pay a 150 euros and find spoke policeman for having broken the law that bans complete face covering in public spaces police investigation found the d.'s police were pretending to be police wearing a mask for health reasons is absolutely not illegal. there are trying to pick on the weak and the elderly in the district around bordeaux there are reports of people selling door to door decontamination services for a snip at 1500 euros these con artists use a pressure washer to do a little bit of cleaning that's not all they're up to this type of canvassing

allows these crooks to enter your home check the presence of valuable objects of the presence of an alarm system perform if they have the opportunity a robbery by trick the majority of the victims of robbery or elderly who are physically weaker tell your loved ones to take precautions and the scams it seems gaining momentum the french national consumer and food office says it's received thousands of reports of dealings we're talking everything from magical lamps with disinfecting properties to antivirus purifier is the simple and most effective method to stay virus free is something that we should all been doing anyway and that is the early washing our hands with soap and water it's that simple so remember to kiss well not physically as we've been told what to believe is a search but the acronym keep it simple stupid and don't get caught and.

r.t. paris. and still sticking with the current a virus the crisis is posing unique difficulties for one of greece's smaller outlying islands one case has now been registered on less boss which is host to a densely packed refugee camp where more than 20000 are living and often dire conditions are tease eventually sepsis has been speaking to some of the islanders the. i'm standing here in front of the laurier refugee camp in the lesbos reese we're about 20000 refugees are held in an area that was initially built for 2000 people area it's not the base when it comes to fighting in the conditions are not the ideal for people living in such a small area but now with the spread of corona virus around the world a lot of the people are concerned he went around and spoke to the locals to see what they had to say about a fear of a virus like that spreading among the camp. if it gets like italy will be doomed

because the island only has one hospital it is good if they manage to isolate one or 2 of those infected with corona virus one of the feel and let the infection spread further you can imagine what will happen. with them again there will be many issues and they will be big the virus is likely to spread very fast it could be maria that's affected but also my telling the whole island of lesbos will be in trouble i have family on the island and of course i'm afraid if we have our homes our jobs they say many bad things about us but it's us who are dealing with this issue but as the locals are raising concern about such a bit leaf iris on the island and jewels are ensuring that nothing of those cases have been confirmed here at the morea camp but as we went around and we spoke to refugees who are living in this cow for many many years now they have a different opinion this place like witnessed. a lot of people here and now i don't know we saw somebody told me yesterday that 2 people have it so yes men and good

men. that's why i'm sick but they're not even treating me nobody's paying any attention on the virus who's already here even if you are in the hospital it does not help much because you cannot be cured you know i sleep in a container with other people. now enough. side to all of this tech companies have been looking to step up that role in halting the spread of covert 19 various apps have been developed to highlight the increasing risk but critics say it's not the expense of users privacy here are a couple of examples one out cation asks your postal code but even goes as far as often about personal hygiene including how often you wash your hands others get people to publish the virus like symptoms and from this data a map is created showing supposed said high risk areas for infection and all dot

use of possible data could fall foul of the law companies in the e.u. are facing a number of obstacles to take tough action against a pandemic fastly it is illegal to use location data in any way to track someone who is sick employees also can take random temperature readings of best off and have their hands tied and gathering other data unless medical professionals are involved in the process well we've been discussing whether data privacy can take a back seat when it comes to exploiting tech to tackle this pandemic. if ups can be made to work in that way where data is anonymised and we can have a service that provides some form of utility to the general population then there is real potential here to to provide a service that would be absolutely necessary in this kind of occasion if people are worried about being surveyed by the state and that's too late the state is surveying everybody and so are private corporations embedded in the state so we

take a really security 1st approach that there's no reason why you can't keep the data secure and there's no reason why you can't abide by g.d.p. our dispose of the date data once the. virus is over it is potentially a very a useful tool for dealing with a pandemic like this because we've got all of this communications infrastructure which was not liking during the black death for example which was allow us to act collectively to protect ourselves it's all a bit hurried we don't have a single focus on a single up we don't actually have the permissions structure we're not able to identify accurately the people who we actually need to track and actually some of the security in the privacy provisions haven't been put in and minded about and if we're going to rush this then the chance of it being secure and everything working accurately is very unlikely to be a sufficient we do need laws to protect the citizens but the laws us to be russian law realistic and in the situation like this if you can you can just basically

people are being asked to volunteer information about where the been and what they've done a little should be any problem in offering the phone to you know legitimate medical personnel so they can use it to help them fight this crisis. another story for you aid charge has ordered us army whistleblower chelsea manning be released from jail ruling that her detention no longer thought of any purpose manning had attempted to kill herself on wednesday. manning's appearance before the grand jury is no longer needed in light of which her detention no longer serves any coercive purpose the court further finds that in force ment of the accrued conditional fines would not be punitive but rather necessary to the course of purpose of the court's civil contempt order manning is still recovering in hospital after that a suicide attempt it is unclear whether she will be jailed again if she pales fails to pay the fine she has been in prison since may for refusing to testify against

wiki leaks before curie we spoke with you know an activist kevin zeese him believes the nickel process used against manning is fundamentally unfair here or that well this whole case is an injustice and a violation of her basic human rights the secret grand jury system in the united states is very unfair it only allows the prosecutor in the room with jurors no defense lawyer no defendant only hear one side of the story that's what manning is protesting really signals where the trouble illustration is going when it comes to julian assange and wiki leaks they already have an indictment against julian assange they are not supposed to use the grand jury for the purpose of gathering evidence to prove that indictment but it shows to me that the government is not very confident about the evidence they have or about that indictment they want more

. for more american news for you the u.s. democratic presidential candidate but he saw it as says he will continue campaigning despite a fresh loss in the primaries to rival joe biden they go head to head in the next t.v. debate on sunday. donald trump must be defeated and i will do everything in my power to make that happens on sunday night in the 1st one on one debate of this campaign the american people will have the opportunity to see which candidate is best positioned to accomplish that goal saunders health is being partly blamed on his own target photos many of whom but he felt voices i'm no longer being hugged more penn explain the last day of democratic primary voting did not go too well for bernie sanders and now many voices are calling for him to drop out of the race and clear the road for joe biden however sanders says he is not willing to give up just

yet now sanders says his campaign actually has the upper hand over his rival when it comes to the youth but it is not just the ideological debate. the rest of the is with. we need the generational. one or 2 in the future you need to. preserve the future oh country now the polls confirm what bernie sanders says young people like him more than they like joe biden and one of the goals of the bernie sanders campaign is to get them more involved in the electoral process but it's not as easy as it sounds how we've been as successful as i would hope in brigham young people and the answer is no but why young people aged 20 to 35 approximately adds up to

roughly 60 samant 1000000 people if they all signed up to vote sanders would have quite the edge but they haven't done that turnout among younger voters remains comparatively low some blame the procedure for registering to vote for the 1st time for students who are going to school in another state registering to vote can get quite complicated some said that the electoral college and the party primary process is very confusing and complicated and the quality of education on civic matters is quite low we decided to talk to some younger people here in new york city and find out why the numbers of young people going out to vote is so low did you vote in the last election now do you plan to vote in the upcoming primary vote maybe. navy better believe it why might you not vote. it just doesn't make sense that the public's opinion doesn't even matter when it comes to a presidential election now why do you think a lot of young americans don't vote. cause it doesn't make any sense to close the

most the defense of the. people sometimes the lines are really long but. not as long as adults knew that's what younger people just either don't think it's important as are so many people in voting or they just. i know. well i feel like a lot of them probably think that their vote doesn't make a difference these as what i hear from a lot of my friends who can vote so that's probably the devil is what happened last election as well i don't think they feel that their voices heard it is one of the reasons that i don't think that they really understand what a difference it makes in our democracy today are you going to vote for sanders or biden. sandy's like to keep that to myself i guess i like both of them i go to go. by the i think as i stand right now is leaning more toward sanders now the sanders campaign has been reaching out to younger voters with catchy slogans and internet memes some say this could hurt him with older voters who don't like the resentful towner radicalism coming from the sanders campaign on the other hand it's

the younger generation struggling with historic levels of debt and lack of health care who have the most to gain or lose people in my age group younger and older than me like you want people like are working a lot or the rest school or or both they just don't have time for politics and there's also a lot of political apathy student debt but it's also. health care and it's jobs those are 3 main thing to a lot of people in my generation in generations there's almost no future for us a lot of these people who might bite and just want to keep things the way they are of all the people the older generations they have their pensions they have this and that they don't see anything wrong with anything and are i mean no i have to most people think that all the military actions that the u.s. has done in the past 20 years has been justified that's right it just gives people even to a lot of middle upper middle class liberal types bitin reminds them of things or everything was fine and back to normal even though for the one or more overwhelming

majority of the population of the us things weren't normal for the people worst still strikes struggling to get by. now if bonnie saunders does eventually drop out of the race the democratic party's infighting might risk losing crucial votes one american t.v. pundit too far online for suggesting she brought the waist up vote and play along with the party establishment maneuvering against saunders i don't think it's terrible for progressives threaten to vote for trump i think that's nuts i would never do that i don't know her donald trump either but you can we let the line here we go crystal ball saying she will leave it blank in november what an absolute hack this is a really great example of white privilege in action with all that on the line crystal ball one of the biggest grifters on the scene is using her platform to advocate for trump's reelection just wear

a maggot hat and be done with it the behind the scenes soap opera playing out in the democratic party has been a gift to a lot of us news coverage who are starring suggestions that support for saunders was only help trump get reelected the onset of his backers are hitting a back though accusing his critics of being more than a little self-serving i will absolutely not forward for biden when they try to get into it by saying you must be privileged not to be impacted by trump's policies remember they're trying desperately to hang on to their privileges which they will never ever extend to you the d.n.c. may have just gone triumph reelected make no mistake you've biden who is totally demented excites no one and has 0 good poses to offer is the democratic party candidate is trying to move win reelection all of these are republican party and

russian hashtags don't buy into it they're trying to prevent bareness supporters from supporting joe biden so the trump wins in an election he has no chance in. nicolette media commentator lionel says that if sound to support a song terabyte and party need us only have themselves to blame there is a sizeable faction and always has been all for the last 2 elections who supported bernie sanders who don't like the fact that bernie sanders has been shown that he's been moved out of the way for the 2nd time in a row now they're being told listen shut up vote for the party vote for a vote for vote how you're told to listen to your elders and what they're doing is they're saying wait a minute this is not my idea of voting remember the lesser of 2 evils is still evil they know they're going to get screwed again and then you have other pundits who somehow have established themselves as being the voice to be the progressive

activism or democrats who are saying no if you don't vote for joe biden you were violating your oath and they're saying down with your old i'm voting my way that's what's happening. that's how things are looking at the moment i'll be back at the top here with the very latest of course until then sit back and enjoy cross to. join me every 1st day on the alex i'm i'm sure i'll be speaking to us of the world of politics or business i'm show business i'll see you there.

time after time corporations repeat the same mantra sustainability it's very important to accelerate the transition to sustainable transport sustainability stadium and more equity. and sustainable well. they claim that production is completely harmless. because. it does not the. companies want us to feel good about products while the damage is being done far away this is something else this must be undone even if i . knew this movie didn't. look so good so good and.

hello and welcome to cross talk we're all things are considered i'm peter lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an oil market collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyone's guess. crosschecking crude carnage i'm joined by my guest was me in beirut he's a professor of economics and international affairs in irvine we have pai and he is an independent economic and geo political analyst as well as a former commodities trader and in toronto we cross alexandre bruno he is an analyst at gulf state analytics sorry gentlemen cross-like rules in effect that means you can jump in anytime you want and i always appreciate pilot may go to you

1st in irvine because you got up early as for this program here all right it all happened quite quickly and a lot of analysts weren't too surprised by the deal that the russians and the saudis had. collapse the saudis the russians didn't go along with what the saudis wanted to do and the saudis reacted and now we have carnage on the oil markets what is saudi arabia's gambit here because you know in the if you look at its budgetary constraints it can afford to have low oil for a very long time and we throw in the coronavirus that is also hurting on crude demand all across the world what's the what's the gambit go ahead guy. well thank you yeah the timing of the gambit of the gambit as well as a separate thing all this turmoil and black swans concurrently happening around the world really kind of begs certain geo political questions in my opinion you have coronavirus more or less announced really kind of command saying new year's eve and

then the rollout is fairly rapid and. in a sense the attention being kind of collapsing of as you said already low energy demand but as a demand especially within china's collapsing then you have the announcement of the pandemic and the timing then of opec really saudi arabia and to a certain extent now u.a.e. . you know just insisting on the pullback which would in turn affect the desired medium term desired from russia to capture more of the global market share within the energy space and at some point there was a budding of heads russia i sensed saw through certain coordination issues you had unofficial accusations of coronavirus having been triggered out in the west from russia as well as from iran and russia did you know they do their man.