global stocks nosedive as investors panic over the coronavirus with the market suffering its worst sell off in more than 3 decades. as the rest of the world overtakes china confirmed deaths from the virus with nations now seeking beijing's advice on the best way to tackle the pandemic. russia is one of the latest countries to close its borders to foreign nationals in a bid to slow the spread of. all of their life from moscow this is r.t. international money welcome to the program 1st the u.s.

stock market suffered its worst trading day since 1907 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 kevin discussed what's driving the selloff with us senior correspondent. 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 their stocks the average it is plunged to levels that we saw that the world was out in 2070 so over the course of a few weeks we've raced all economic progress made over the last 3 years and this is still early days yet i mean the pandemic in the united states it is predicted to get much much worse and 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 paddick 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 it gives 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 of the bow of the banks can pay the eventual. you know the people who invest that money in a bag how this is affecting markets around the world 1st it was china they shut everything down and this was you know this was the 1st warning 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 phones in china so then surely 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 with genius 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 banks 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 because eventually 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. 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. because you will have hundreds hundreds of millions of people all around the world sitting at home without jobs and entire interests industries at a standstill but everyone has to eat you know their loans to pay their responsibilities that must be attended so it's anyone's guess until to tell how this is going to go uncharted territory indeed how we also sounded out economist richard wolfe who thinks confidence is slipping in governments and it could spell a disaster on a par with the great depression because lots 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 board 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 are 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 s.

and 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 we we have seen an ip discoloration of cases of course 19. more cases and have now been reported in the rest of the world than in china according to the latest estimates deadly cases from around the world now outstrip 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 on 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 it isn't easy your allies have refused to help saying they need to stockpile essential for their own citizens dr pak number one who's a senior lecturer in international relations at bath university in the u.k.

explained why china's stepping in to help italy. to china. has a very special crease because italy was the 1st country who signed the one bill one rule agreement so i believe as italy has already extended how we quest to china china has taken it very seriously most of metal for the entire 48 bars 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 offered the core no warrants or bridge it's not enough or too china is also all these. major economies in europe and in north america as well as disrupting all these global supply trends so i believe we

are actually already and her into recession. are here in russia the number of confirmed coronavirus cases is approaching 100 and a few hours ago the government announced a temporary ban. starting on wednesday almost all foreign nationals entering the country don't call it a mix of the other measures being put in place. or 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 and while many countries are implementing aggressive measures to contain coronavirus british government's been sharply criticized over its perceived lack of action of some of the latest concerns came off the country's chief scientific advisor mentioned going down the route of so-called immunity and other would infecting more than half the u.k.'s 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 while the country's health secretary matt hancock later denied that cheating herd immunity is good cake government policy cases in britain have now surged beyond 1555 people dead 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 the decision additionally the u.k. health secretary has said that people aged over 70 could be isolated for up to 4 months we asked people in london what they think about the government's high risk approach to tackling the pandemic. it's probably true to q. i don't really describe how the 1st to respond i should like to be nobody needs to be put at risk for 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. put up people to get that virus if we make sense we've

come down to try. to 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 it didn't so we would need to know whether or not we do become immune to this virus simply. it's a great strategy possibly the wrong strategy we don't know but nobody seems to be given us all the range of thinking so one year i might tell gleeson associate professor of infectious disease modeling of oregon averse to tea in the u.k. explain 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 in fact any more people because the sensually people had contacts and been infected and so it reduced to a low enough level that the epidemic would die out there's a risk to we know that the over seventy's and particularly over eighty's. because they may have underlying health conditions are more risk some opiates the 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. the stories about across this tuesday the greek island of less bosses sliding deeper into crisis with the numbers of asylum seekers there swelling and opposition towards them growing the prospect of coronavirus tearing through the overcrowded morea capital so of course intentions to flare up with even aid organizations facing hostility evangelise sepsis reports from. the greek island of les paul says he 3 week conflict on its hands as europe's brought light to the migrant crisis some locals are taking more of a stance against the swelling numbers of refugees held up on the island and the ngos have been drawn into battle to. reviews new of people but not small couple of hundreds they start blocking the streets that are stopping cars that many n.g.o.s come by so that we stop in the vans or that we're stopping their rental cars and

they will just much in them like between them throwing stones at them they can be put out between people we've been doing in this hunt chasing also. volunteers so they said they might be station people that works and you know this is because they they. want to bust the message that n.g.o.s profit from human suffering finally we got the permission to dock in this part in a t.v. need we think it's a very good sign from the authorities that they made it possible to sign also to say that it's not just a group of patients that are going to take over. how things work on this island the migrants remain in overcrowded facilities with lack of hygiene frankly living in terrible conditions in a desperate move to try to pursue some of them to go back home the e.u. is offering 2000 euros as bait but some of them have traveled sold far is that money really enough to make them go back if i go back tonight. so to me

$2.00 euro would not take me back to $1000.00 so that would be. 2000 euros is not enough i come to love my country for money i love because it doesn't save a few protect it's. the 3rd front is the one created by a right wing greeks we do not appreciate your picture a sick island turning into a giant migrant camp sucking more getting up assessment every day these people pass through our town without asking anyone they come and steal from the people here are fed up that's why we decided to make these barricades gather here is often is when your hands are bent there right now you're entering the town and force them to take another route we have never been. and we have never clashed with them on the contrary they come in gangs and try to argue with. a main goal was to protect our village it was so some banks and meant to live where do they want to pass and we're

here and since the growth of virus has been confirmed to me that's another reason to prevent them from entering here this additional struggle how single speed very big price tourist season has become something of the past and businesses have even been forced to put them shutters for good and there is very much in our life here is horrible we were happier in the past they robbed us destroyer properties they even break into our houses most of the shops are closed and the refugees are the reason there are 25000 of them and only a 1000 of us. do the poses the island there has been suffering the most the more your camp is overcrowded with refugees as i believe we all have to sit down and find a solution can't live like this and our towns can't survive like this we are fed up with. this island might be a tiny greek period is that the sun shines all your around but down here on the ground it's clouded over here on certainty and anger vengeful subsidies from lesbos

greece party. 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 it comes after the longtime rival of benjamin netanyahu was endorsed by a majority of lawmakers in the knesset following a 3rd inconclusive election in under a year and karen discuss the prospects of a new look government with our correspondent in tel aviv. 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. 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 erupt 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 ridden has tossed 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. i will do whatever it takes to form within a few days as possible 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 would that benefit actually all here or 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 there. 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 our 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 hang on can we really trust guns can we really trust the coalition that he's going to build now let him 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 unfair media so it's actually banded together the netanyahu supporters. and 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 the most at risk it says that as many as $450.00 suspected beautiful were arrested each month and it stresses that the scale of abuse is likely to be considerably higher

than the official figures show 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 it we can anyone it's can.

you know the media now is more accessible i feel that what we are just now aware of that not that it's changed really. outraged. and i feel that we need really run the 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 count on lot 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 about how to stay safe online for the more legislation may be proposed which would enable the

informant to tackle the problem more effectively. we can't arrest our way out of the problem and we have to look at a far more holistic approach we are a saturation point a market all over again who expose the poor handling of the rochdale child abuse ring and 2012 agrees that the government needs to be working more closely with tech companies even with the right training in the u.k. we're gonna must've. deficits all police offices individual police offices 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 root 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 technical giants like google like microsoft like amazon they have billions of pounds and legislation should make them

a culture of you going to and she will that investment does go into these areas to prevent the defiles from destroying in children's lives because that is not what is happening on a daily basis ok the trot it is for now thanks for watching next meet the russian bodybuilder pushing herself to the max and tackling stereotypes to be the best. now explain for me we have what would be historically considered one of the greatest financial crises of the past 150 years and where does it fall into the category where how do you classify it i think we're going to see a global depression and to your point how quickly do we get out of it the activist

fed the problem there is that their prescriptions thus far have caused the problem so there actually is the problem there needs to been fed the central banks need to be removed from the equation because they are the problem. you are no offense but you no longer a young woman in fact you are one of the last living survivors of the nazi else asked i'm aware of that. leverage all you like. and you can never forget maybe you can now auschwitz was really like to be inhaled because he would never believe that one. can do to as a hobby horse for 32 years and open the cupboard it. seems so lost over time you decide to make it right when i get out on the farm saw you

more songs that are next to you so you can listen and hopefully bless my heart hurts.

so the last strip most logical thought but it missed the. news for those other things you must have seen. in the channel closer look at your list of words are the beliefs of the british those films let us know you will for the least. get worse and you might be a failure on the they've got it with you this guy did it it was there you go. look at it like you believe that and you know it all which hadn't much to diddle with oh and look at this heaps of quo. so it wasn't like the bullshit of the most oil slick bloke know what you don't want the more grateful press. somebody's going to function those are those you switched when you know. if you got in your district i mean you see your church you are wrong as i showed above it was

the social bit of advice you do when you know there's somebody easier to prosecute throughout. the muslim case on the part of the most some of the know me as my victim in my book but they threw caution to the new and would you build them be sure would you give them up and get them ashore to see that he had the idea. that he spoke up to altering your woods just like you thought me theirs to new york that you worked in your old navy you thought i was one of you which are not always true now when you propose we you were to me to be also been the butt ugly. we get over in the north. 6 double digits of noise but he can get that much to jump davis but he still are going to much too much you must put us there are studies. for me i. mean that it's a new influx of slaves to deny that over to singapore to make for the never put

away for a few of them for tickets that it was for the list which was. not the shape of the board it's a new new deal. it's a bit of luck you face figure out what would you build on the book on your sleeve on this ripples is not just not just for your old money it's your mark starling tediously podium easy to use and trust me store that up in the bottom of a switch not as good as of judea and drops you on not just a little bit bush brecht trim to each missing doubling to just as of about so you can get each of the chest chantix and 1st of all for the 9 months all the things that were there were so that you know. this chemical that bloke they were doing. when you missed all go at it that unibrow be set up for a man that's for sure. yet you light it up. up nicely to nobody had to duck to you but you could get the usual.