global stocks nosedived as investors panic over the coronavirus with the u.s. market suffering its. decades. and the rest of the world overtakes china and confirmed deaths from the virus with nations now seeking banking advice on the best way to tackle the pandemic. of the crisis pushes the world into uncharted territory we are living in philosopher suppose you check for his predictions on the long haul and. get to know the.

worldwide news 247 this is r.t. international from us on call in bright welcome to the program on the u.s. stock market suffered its worst trading day since 1987 with share prices tumbling by 13 percent on monday the coronavirus pandemic is causing turmoil on financial markets worldwide despite drastic action from central banks to limit the damage and discussed what's driving the sell off with our senior correspondent rob. well there's only one way this is going and it is going down look at yourself in a matter of weeks the dow jones industrial average this is this is an average of many major corporations so an index of the stocks the average it has plunged to levels that we saw that the world was at in 2070 so over the course of a few weeks we've. economic progress made over the last 3 years and this is still early days yet i mean the pandemic in the united. it's it is predicted to get much

much worse essentially what we're seeing is the equivalent of a run on banks so if a bunch of people run by sea to try to get their money out this is what investors are doing now with the stock markets with the stock markets in the united states and. their reaction has been so far to come out and say they're obviously trying to avoid inciting panic they're trying to calm everyone down and they're pulling money out of thin air billions and billions 700000000000 that they announced in financial measures which is quantity of easy which is a bailout which is it's essentially printing money pulling it out of thin air and giving it to bags the whole point of this is to keep keep banks running what is a bank to bank has money what does it do with this money doesn't sit in it it gives it out so you give it gives it out to you you're a business you're a mortgage owner you get all this money and here's the bag it has hardly any left

suddenly all these. debtors all these that is come to the bank and say look we want our money back the bag doesn't have any money i mean you've got all the money you pay every month you pay every month the situation we're in now is the entire industry is collapsing while manufacturing italy is on lockdown and the banks rule exposed to this so nobody's paying the banks so the bow of the banks can pay the eventual you know the people who invested money in a bag how this is affected markets around the world 1st it was china they shut everything down and this was you know this was the 1st wooden bell because this would this is a knock on effect the entire world economy is interconnected a small bag somewhere in chicago has ultimately an interest in keeping things running in china because say it own stock in apple apple produces its fruit in china so eventually there's no phones being produced in china. new for new phones

being sold so the bank takes a loss ultimately it's all a knock on effect and we're seeing this across the entire world more quantitative easing and rate cuts they're going to keep rates of this is this is to stimulate borat to stimulate bags to give out more loans on top of loans that are being paid back so that we can at least pretend that things are going on as as usual we have these fiscal measures out there and they're very powerful i mean the sum total as well over $800000000000.00 from our forward this is it is sort of kicking the ball down the road. all this money more than a trillion if the if the $800.00 a printer to get more than a trillion dollars that people are going to have to pay back this is banks this is ultimately borrowers that are going to have to pay back all this huge amount of money but there's no alternative. turn it is to watch the entire thing crash and burn and the europeans especially worried about it we support our companies we

support the small and medium enterprises and above all we support people we support them in their jobs we support them with their income losses so right now the focus is on strengthening our economies and investing what ever is necessary to have the economy going on further the future looks very bleak because you have hundreds hundreds of millions of people all around the world sitting at home were without jobs entire interests industries at a standstill but everyone has to eat you know their looms to pay their responsibilities that must be attended so it's anyone's guess and showed how this is going to go uncharted territory indeed and we also sounded out economist richard wolfe who thinks confidence is slipping in governments and that could spell a disaster on par with the great depression. it collapse of the markets today down

10 percent roughly here in the united states in new york city where i'm sitting it is a clear very profound statement that the entire investment community which is not the small people who have a few shares i'm talking about the people who manage pension funds who manage bank quarter following those and so on have a massive loss of confidence in the government of the united states or in the private economy to get out of this disaster after a cut in the interest rate last week and even bigger double the size cut this week and the announcement of stimulus plans we do not see a recovery a turnaround we see that these are interpreted as signs that this situation is out of control and i think you see that in the business community you see it in the mass of the working class you see it in average people everywhere we are out of

soap in our supermarkets we are experiencing the kind of meltdown that you associate with events like the great depression of the 1930 years the world health organizations announce that the global death toll from the corona virus has now overtaken china as ground 0 for the deadly outbreak. in the past week we have seen an ip discoloration of cases of course 19 more cases and does have no been reported in the rest of the word than in china according to the latest estimates deadly cases from around the rest of the world have now outstripped china by around 600 approximately 16000 more people have been infected around the globe compared to the total number in china where the virus outbreak was 1st reported. now monday beijing announced that it was sending additional experts to help tackle the pandemic in italy the 1st team arrived in rome last week with tons of medical aid including masks and respirators it's been reported that italy's new allies have

refused to help saying they need to stockpile essential for their own citizens dr pak non-war senior lecturer in international relations of britain's barking averted to explain why china stepping in to help italy. to china italy has a very special crease because italy was the 1st country who signed a one bill one rule agreement so i believe as italy has already extended how we quest to china china has taken it very seriously and cement off the entire 40 did ask help from the you'll however it didn't work that's why italy has to ask for help from china. are the european. states members who experience all know or is crisis and i believe that the chinese government would also be willing to extend help cement off the core no waras old grip it's not

will not do china is also this tune major economies in europe and in north america as well as disrupting all these global supply trends saw i believe we are actually already the only put into recession. on the spread of covert nineteen's taking its toll on big decision makers too with the sickness striking down many in the corridors of power a growing number of lawmakers falling ill leave causing concern over how effectively governments will be able to coordinate their responses to the outbreak . there are far more politicians who have been infected than you would have by statistical chance politicians are overrepresented in the number of people being diagnosed.

well in all the uncertainty and unknown of this it's easy to get a bit worked up so we thought we'd get a sound head on this we've been speaking to the celebrated slovenian philosopher about the pandemic he like in the crisis to a war time scenario and emphasized the need for meaningful international solidarity . in believe yes this case people were thinking just about isolation and

so on until one day i hope we are becoming aware that we can't go in there you know i coordinate that way we are all being direct your money. we see it in the same boat. the big loser i think will be but he sadly a nationality an atheist and there won't be in our country to isolate itself until of course we need to get on teams and what for example take europe we should you know unite that to a shell pinkett job that are we going to meet the mosques what they would eat what their bodies need and go on and so on i think that in this sense we should be shaped riyadh in the middle of that military operation we should be i'm not here appealing to some kind of abstract sense of solidarity even in our interest in

germany now. they may get an even stronger probably epidemic and go on and to want so it can think obviously that it is something that is demand from us but if sadly if we think as a national know it. will get better recruits step back and reflect what this our mobile go through life how should we change it because we should be aware of why i don't think it's not let me just go on galilee and into the month it will be over maybe this epidemic. in the fall that are that if the day may get out of out that it will articulate about it and so what it was i think that even when i think we'll go but it doesn't look normal it will not be the same normality. we leave now we're going to change our mode

of life. here in russia the number of confirmed coronavirus cases is approaching a 100 and just a few hours ago the government here announced a temporary ban starting on wednesday on almost all foreign nationals entering the country from a quarter looks at the other measures being put in place. well russia's corona virus infections have jumped to $93.00 people only 7 of which were actually infected within the borders of russia the vast majority came from abroad and the whole situation has really set off alarm bells with officials moscow's now banned public gatherings of more than 50 people until april 10th schools and universities will also be closed by the end of the week for about just under a month but students will be able to continue their studies over the internet now russia's also decided to close its border with neighboring bella ruse to halt the spread of the virus as for russian nationals returning from the u.s. and europe they'll be confined to self quarantine for 14 days president putin's also already ordered the creation of

a new group within the state council to address nationwide mobilization against the spread of the corona virus and starting tomorrow special volunteers will be sent to all of russia's virus stricken regions to help the most vulnerable the elderly to get through this difficult time but most of all moscow wants to make sure that a panic doesn't occur and it's assuring everyone that they need to stay calm. while many countries are implementing aggressive measures to contain coronavirus the british government's been sharply criticized over its perceived lack of action and some of the latest concerns came out of the country's chief scientific advisor mentioned going down the route of so-called good immunity another would infecting woman huff the u.k. population. in terms of building up a unity within the u.k. what i mean what sort of percentage of people need to have contracted the virus probably about 60 percent or so in other countries health secretary matt hancock later denied that achieving herd immunity is you k.

government policy ok today britain of now surged beyond 1500 with 55 people known to have died as a result of petitions been launched calling for schools to be closed across the country the government also stated that it plans to ban large events after delaying on that decision and then the u.k.'s health secretary has said that people aged over 70 could be isolated for up to 4 months we asked people in london about what they think of the government's high risk approach to tackling the pandemic. it's probably true to take you. i don't really describe how the 1st responders i. would have nobody knew so we put at risk. a situation like this i can see the argument doing that but really i can also see the n.t. can say we're going to you know push it out of people to get that virus if we make things we've come down to do i. get scared to justify this but we've got to carry

on living. overseas i don't say that for this is a peek into about 10 weeks time so that's when i will get really concerned what we don't know yet is full range of detail and if you didn't we would need to know whether or not we do become immune to this virus basically. it's a great strategy possibly the wrong strategy we don't know but nobody seems to be giving this old a range of people so once a year. now my tilsley is an associate professor of infectious disease modeling at war university in the u.k. and he's been explaining to us why slowing down the epidemic is so crucial. community is that when enough people have been trapped by the virus then. the epidemic will eventually die out so essentially what we're still trying to do is we're trying to control the outbreak so we're trying to put in interventions that will delay the peak of the epidemic and also reduce the reduce the height of

the epidemic at the point to the certain number of people would be infected then it could no longer infect any more people because the sensually people had all their contacts and been infected and so it reduced to a low enough level that the epidemic would die out is a risk to have we know that the over seventy's and particularly over eighty's. because they may have underlying health conditions are more risk some obvious that you want to protect those. those people in the population which is why these sorts of measures are being considered it's really important now that we keep these good hygiene practices that have been recommended we keep necessary isolation and quarantine policies. and the crucial thing here is to reduce the demands on the health service to make sure that those people that really do need hospital cat have access to it. or some other headline news now the leader of

israel's blue and white party benny gantz has accepted an official request from the president to try and form a coalition government comes after his longtime rival benjamin netanyahu was endorsed by a majority of lawmakers in the knesset following a 3rd inconclusive election in less than a year and discussed the prospects of a new look government with our middle east correspondent. what does this mean for benjamin netanyahu. well it's actually not good news i mean he's going to be hoping that there's going to be a 4th round of election he's also very surprised because he was the one who actually won these elections and so as a patient particularly from his voting bloc was that he would be the one to form the next coalition government what are the chances that guns can become the next pm look at this stage they seem quite small he's facing 2 main problems the 1st problem is that he's formed a coalition between our parties and a right wing political party belonging to a former army defense minister avigdor lieberman they are not natural allies so

you'll just have one issue that will be wrapped in the 2 sides will fall apart guns also faces threats from 2 members of his own party who say that because he's formed this coalition they are going to withdraw and if they withdraw he won't have the 61 majority that he needs at this stage however the country's president we've been rivlin has tasked guns with forming the next government or at least trying to pick the law gives you 28 days beginning tomorrow to form a government this is a short amount of time but given the current circumstances of national and international crisis even this is too long. i will do whatever it takes to form within as few days as possible a national petri arctic and broad government so if guns doesn't manage to form a majority coalition one next. well then they're going to before the elections and the question here for everyone is how do you hold elections when you have the coronavirus epidemic at the same time israelis are really fed up we've

already had 3 elections here in the space of one year and it's costing the country a fortune but that will be the ultimate solution or at least the next step. and if it goes to a 4th round of elections with the benefit actually all her guns it will probably benefit netanyahu because we're already seeing a lot of criticism from the guns camp he campaigned on a ticket where he said he would not have anything to do with the right wing political party they now have come on board and they complained on the ticket saying they have nothing to do with the arabs and here you see them forming some kind of alliance so that that kind of support is going to be lost also done city wouldn't have any kind of relationship with the extreme arab parties party called balad and he is having a relationship he needs them for the 61 coalition so people are likely to say the next time around can we really trust guns can we really trust the coalition that he's going to build now let's you know his corruption trial was due to start tomorrow tuesday but it's been postponed because of the coronavirus pandemic now

what impact did his trial have on the elections where you might think that it might have had to make it to impact but actually it had the opposite in september he won 33 seats and this time around he won 36 seats so with these corruption trials going on behind the scenes his support particularly from his base has actually increased and this is because people say they must be unified against what they see as an attorney general that has it out for netanyahu against what they call a liberal media so it's actually banded together the netanyahu supporters. an independent inquiry into child sex abuse in the u.k. has found that the internet is facilitating a sharp rise in predatory behavior and the police are struggling to respond to the growing threat according to the report's findings 11 to 13 year olds are most at risk it says that as many as $450.00 suspected paedophiles are arrested each month and it stresses that the scale of abuse is likely to be considerably higher than the official figures show and the inquiry also notes that many internet companies

are failing to provide adequate protection for youngsters using their services. you don't know where this images will end up and that is an awful thing to think in that paedophiles can just look online and get we can anyone can.

know the media now is more accessible i feel that what we are just now where is it not that it's changed really. outraged. and i feel that we need really big full changes to our whole criminal justice system we need a law that the police themselves not equipped 1st of all to deal with the. methods that abuses use the report says the british government needs to work with tech companies to counter online abuse it also says that new tools are needed to prevent the posting of indecent images online as well as algorithms to detect illegal content and also want schools to offer better guidance on how to stay safe online for the more legislation may be proposed which would enable the reinforcement to tackle the problem more effectively. we can't arrest our way out

of the problem we have to look at a far more holistic approach we are at saturation point a moderate all over again who expose the poor handling of the rochdale child abuse ring in 2012 agrees that the government needs to be working more closely with tech companies. even with the right training in the u.k. we must sit. deficits all police offices individual police officers are overwhelmed there are nazi noles all the it's down to the government invest in the criminal justice system we need to address this calls we need more police offices we need a real commitment to invest in dealing with this kind of crime but alongside that i have to say that the giants like google like microsoft like imus and they have a 1000000000 pounds and legislation should make them the funding too and

she will that investment does go into these groups then lead to piles destroyed in children's lives because that is not what is happening on the day. and that sure altie world news for now thanks for watching i'll have you next update and a little over half an hour together. the world is struggling in different ways to cope with the kobe daintiness endemic and governments are taking the heat for their actions. for the owner virus to be a referendum on globalization.

blushes and. more. protests in your he said it's not that it's in detention centers that are only showing against. him. beautifully because you know i said you didn't think you would be a user that i was going to want to have any skin to show. for. the studies. in the us but to the south korean his are still empty come forward from the. mummy approachable british mr westcott so i am always you.

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thanks. for the last that's most logical to me that's the. news for those of the. future to try this for the so. the british the specialist i feel terrible for the police. get worse and you might say on the they've got it with you this guy did speed as they do gates in the delta still don't look at it like a building that and you know you know what's headed my state of the aisle and look up at this. so it's bush wasn't like that bush has the most oh it's the book what you know what on the more breaking the press. somebody's going to get a bunch of you know what does that mean you know. if you got your district i mean you see your shirts you know long as i showed up was the social bit of advice you

know when you know there's somebody easier for you throw. a muzzle on the put it the most some of those numbers and i have to mean my look but they didn't cause him to have done you would you build them he sure would you give them an up or just get them ashore to see that. he's booked all to your would just like he was funny there's 2 new york district 14 year old navy stuff as well that you would not wish to do and i knew. you were going to need to be just within the uk but i believe we got over in the north. but 6 double digits of noise but he can get that much to jump interest rates kilogram to much much you must put us there are pretty. i mean you know i. mean that it's a secret.