the u.s. markets up as its worst sell off in more than 3 decades amid fears over the coronavirus president donald trump warning of a possible recession. the message is clear stay at home fronts the war on the coronavirus pandemic with the e.u. taking its efforts to contain the virus to a new level some member states temporarily closed borders. i don't think the borders of the entrance of the european union. will be close. scrutiny of us take a chance for european regulators make the apple is ordered to pay for the 1000000000 euros by france and keep competitive thank you.

very good morning to you hope you're well thanks for joining us here on r.t. . u.s. president donald trump said the country's economy may be heading into recession the u.s. stock market suffered its worst trading day since 1987 the share prices tumbling by 13 percent on monday amid fears over the coronavirus. is the u.s. economy heading into a recession will it maybe think in terms of recession with thinking in terms of the virus once we step i think there's a tremendous pent up demand both in terms of the stock market in terms of the economy and if once this goes away once it goes through and we're done with it i think you're going to see a tremendous tremendous surge while the 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 race 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 ride on 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 then

putting my 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 has 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 israelis are locked up and the banks rule exposed to this so nobody's paying the banks of the bow of the banks car pay the eventual you know the people who invested money in

a bad 1st that 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 owns stock in apple apple produces its phones 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 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 for them the future looks very bleak 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 we spoke to economist richard wolfe he says that confidence is slipping in governments and once we could be on the brink of another 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 is a clear very profound statement of 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 volleyers 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 stock in our supermarkets we are experiencing the kind of meltdown that you associate with events like the great depression of the 1930 years. well the radically stepped up its efforts to contain coronavirus restricting all nonessential travel for at least 30 days several nations including austria germany and france of closed their borders with paris imposing a near total lockdown on citizens. the message is clear stay at home these are containment measures similar to those in spain and italy all persons traveling must be able to justify their movements each person will have to carry

a document certifying the reason of his or her journey. the french president has ordered citizens to stay at home for at least the next 15 days with the french army deployed to enforce a lockdown the measures are precedented for post-war europe and the sheller do is get takes a closer look. for years populists have been advocating tighter border controls within the european union which you and the national governments have criticised yet in 2020 that is exactly what we're seeing happening it all started with italy and border controls being imposed from people trying to leave it to lead to go into austria but since then a host of other e.u. countries have done exactly the same we have seen slovenia hungary denmark and now even germany shutting up shop saying its borders are closed shame again which

is the idea of free movement within the european union to do that without passports is essentially over well for now at least. the borders of the entrance of the european union and the schengen zone will be closed concretely all travel between known european and we were ripping countries will be suspended for 30 days or we are forced to stop flight connections to these countries and establish controls at the swiss border just like the ones we have already implemented with italy when you're hungry border in the direction of italy remains closed. without a valid reason travelling in and out of the can through will no longer be allowed. to burn on entering the czech republic for all foreigners except foreigners who are the permanent residence of permits or residence of a man to do life in the e.u. as we know it is over museums shops bars cafes schools have all shut up shop in

many countries in a bid to pause the peak of the infection rates in france the bees which is the way that people sort of greeted each other with kisses on the cheeks has been pretty much a band people have been awkwardly bumping elbows or knocking their heels together but even that. has been petering off as people are becoming more and more whipped up into hysteria that they could get contamination from just being close to another person the government's line is keep your distance from each other yet in the even this conglomerate of $27.00 countries which are all meant to be singing to the same tune it doesn't seem that there's one rule that all are applying even the european commission is warning that the closing of borders could actually pause supplies thousands of bus and truck drivers stranded at internal borders on parking

lots creating more health risk and disrupting our supply chains if we do not take action now shops will start facing difficulties in refilling their stocks of certain products coming from elsewhere in the single market some see the idea of governments in europe essentially locking down their countries as being the start of a slippery slope even warnings that this could be a nail in the coffin for globalization as we know it the coronavirus crisis threatens the globalized world was the pandemic company debates those who believe the openness to people and products from around the world is generally a good thing we need to make a case for it afresh in persuasive ways. and he says this could be a gift for populist parties who have been advocating this this tighter control of borders for many many years and also those tighter restrictions 19 has highlighted the downsides of extensive international integration while funding

fears of foreigners and provide images of missy for national restrictions on global trade flows of people europe as sturrock lee has been a cultural hobbits bars it's cafes its restaurants hazes of people coming together discussing and debating ideas and some fear that this idea of self isolation as we've been told to do could actually cut through the fabric of that some of also said that it will see the nation fighting as people self isolate in their homes and their apartments now in italy some people have already tried to overcome that we've seen these marvelous comes together of people singing on their balconies as there's a sense of we're in this together. but the longer that self isolation goes on some say could be weeks some say it could be months for many people their homes which are meant to be their safe haven

the place that they go to relax and rest could become more like a prison cell. the journalist and author thomas fassbender believes that the era of free borders is over. future historians will remember the time 1900 to 2020 as the heyday of european global integration which came to an end free borders of free movement integration inclusion etc and all of a sudden we see a complete this this mode goes into reverse. the call the consequences would be grave no question i do not expect any return to the status quo ante we will see a different view i do not expect a disintegrated europe but how this will how this will work out how it will look in in reality for example with border controls that's

a completely different question dreamy days of the past with no border controls at all i see is permanently over gone. u.s. tech giant apple has been hit with a fide of more the 1000000000 euros by france's competition or 30 the company and 2 of its wholesalers in friends were found to be colluding to stifle competition and control prices apple and its 2 wholesalers agree to not compete against each other and prevent resellers from promoting competition between each other thus sterilizing the wholesale market for apple products the french competition north or a cheese decision is disheartening it relates to practices from over a decade ago and discards 30 years of legal precedent that all companies in france rely on with an order that will cause chaos for companies across all industries we strongly disagree with them and plan to appeal. so the 1st big fine apple scene in

the european union just over a month ago friend slapped up with a $25000000.00 euro fine for a software update that was found to slow down old i phones and in 2016 i was ordered to pay $13000000000.00 euros to ireland after the e.u. commission ruled that the company had received illegal tax benefits for more than 2 decades columnist and elizabeth political analyst charles will tell shed their perspectives on the issue. i think if you were talking about fines of 1xb5xb1cw you start to get some attention but so long as the fines are in the little girl eons even for such a company like apple or of microsoft or whatever the system he's got his trademark advice of approaching or about a trillion dollars so it's really you know less than a penny to them it's not really it's hurts you don't want to pay a $1000000000.00 fine but it's not the kind of thing that's really going to change behavior yet in my in the governments around the world are going to including our own u.s. government are going to take

a much closer look into the degree that high tech companies are abusing their market positions in effect operating near outweighs or even monopolies driving other businesses out of out of existence around the globe so it is the i think a rebalancing of power between the tech giants and the rest of the world treaty it's intended war and in this respect it's probably a good thing that the governments are fighting the cold like not eventually everybody's going to going to get to some sort of agreement but it's the you know the time when google said be good don't be evil which was a company moto in the late ninety's that's over they all went and they actually set out to be on the all sometimes evil in the markets and they certainly distill the play the free play of markets and that's all they've got to be contained and the anyway is to is to hit them way to cuts which is the plus. now it's ok to

mess with being skin see a spike amid the coronavirus crisis all have details for you after this break. blushes and. more the host for your set it's. not only shooting against. beautiful girls you know snooki included at least. a year that i was going to

have. to show. form which will leave you families. through the subsequent years or stop them the t m 40 summed up. the money which a couple were dismissed and worst i am all sure but. welcome back the world health organization has announced that the global death toll outside china from coronavirus us now overtaken that in china where the virus 1st broke out

. in the past week we have seen an ip discoloration of gay's a soft 19. more clues are. now being reported to the rest of the world than in china. according to the latest estimates deadly cases from around the rest of the world have now outstripped china by around 174 while approximately 5000 more people have been infected outside of china than in. on monday beijing announced it was sending additional experts to help tackle the pandemic in italy the 1st time 1st team arrived in rome last week with tons of medical aid including masks and respirators meanwhile the italian government has criticised the member states for being slow in coming to the country's aid over coronavirus packman wong senior lecturer in international relations at the university of bath explains why china was 1st to help italy. to china are really has

a very special crease because italy was the 1st country who signed the one by one rule agreement so i believe as italy has already extended how we quest to china china has taken it very seriously but cement off the entire 40 did ask help from the usual however it didn't work that's why italy has to ask for help from china. european. states members will experience all know as oprah crisis and i believe that the chinese government would also be willing to extend help cement off the corner where it's all broke it's not all nafta to china it's all saw this lot to gain major economies in europe and in north america as well as disrupting all the global supply train this saw i

believe we are actually already owned her into recession gradually. ever more people across the globe and polled about home over corona virus domestic violence activists have been sounding the alarm about the surge in cases abuse is about power and control and then abuser can use any tool to exert power and control include in a national health concern such as covert 19 we expect rising tension and likely rising violence which makes everybody more vulnerable the survivor and children in the home like to say pandemic related restrictions worldwide or make it harder to help domestic abuse victims some have come up with a safety plan suggesting potential victims avoid stares and rings that contain sharp items in the hosting allowed and shared some different types. when ever people are cloistered in close areas for long periods of time emotions are naturally heightened this is normal so when you have people who are already

emotionally vulnerable our or in bad emotional relationships those emotions are also deepened and and a lot of times heightened and so it can lead to some of the worst unfortunately and so so you can see spikes in domestic abuse i don't think it's the job of government or the role of government to monitor the emotional health of people necessarily but there are a lot of ways for people to sort of self check neighbors can check on neighbors family members can check on family members and help your neighbor out or help your family member or friend out and especially those who are vulnerable for whatever reason and this is certainly one of those reasons you might want to do some checking on people in the move to deduce public contacts several states across australia will suspend roadside police breathalyzer tests for drugs and alcohol have to cope with 19 infections spiked over the weekend this is ucas been made to

minimize the risks to police officers and the community. the police commissioner in consultation with the minister for emergency services has determined police officers may decide it is not reasonable to undertake stationary r.b.t. an r.t.t. in the current climate australia currently has around 370 cases of coronavirus 5 of them have been deadly all citizens returning from abroad must go into self oscillation for a period of 14 days because jennifer damascus and former u.k. police officer peter cook can share their views on whether the police should change the way they work because of the pandemic. we have to be worried about everything that's going on right now but to say that we're just going to stop utilizing breathalyzer tests is absolutely ridiculous australia was the 4th country on planet earth in terms of high auto. alcohol related auto accidents and that's just behind the united states and

a couple others but 30 percent of deaths on on the road in australia were caused by drunk driving we don't know what's going to happen in the future but it doesn't sound like something that's going to be years and years and years is going to be from them so that impacts the limit seats but you've got so while the pros and cons of doing not doing bottom line though is a cop can only do one thing at once and if they need it for what is considered the priority of stuff they're not going to be there to do anything else but a situation like this where it comes to 1st responders who are law enforcement our police forces we need to make sure every country especially now needs to be putting their funding a back in use to be reevaluating their budget needs to be helping our 1st responders our law enforcement because that's where people are going to melt down unfortunately we don't want people to riot or to to go crazy at all we want people to be calm in the u.k. the employer has an absolute responsibility so they do all 'd that is reasonable possible reasonably possible to keep their employees sayf from injury or illness

when don't work oversleep reasonably practicable is something that the course would decide there can be other measures and 2020 technology is advanced enough where you can either find different kind of brother lies or devices or or have ones that can be disposable utilize a little bit more funding for local law enforcement so that we can keep everybody safe talking about what are we going to do as a contingency if we suddenly get a shed load of stuff to do to do with the virus what are we going to knock off the list that we're not going to be doing any more we need to keep the same proportion . ok you what you know it's. international appreciate you company this morning and join me for updates on our top stories in 30 minutes.

now in point scoring we have what would be historically considered one of the greatest financial crises of the past 115 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 and the activist fed the problem there is that their prescriptions thus far have caused the problem so they're actually in the problem their knees have been fed the central banks need to be removed from the equation because they are the problem.

to solve the last ship close to me as. you look at those numbers you just said it's in the future no closer to truth the closer the social.

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they threw caution to dani and would you be all jumpy sure would you give them an up or just get them ashore to see that. dalton your would just like him you thought those 2 new york that you worked in your old navy stuff as well that you would not wish to do and i knew. you were going to need to be also been a problem don't we get to be in the north. 6 double digits of noise but he can jump much to dump him if he's kilogram to much too much you must put us there are pretty . funny i. mean that it's me for the trip slave to get out though she's not able to see the portsmouth for he never put away from you of my political skill that he was clueless which was. not the trip of the board 15 years ago. it's a bit of a few days figure out what would you build on the book on your state of venice was opposed is not just not the sheer eliminate that your mark starling tediously over

to. an easy to use and trust me story that i'm not touching the bottom of this which now has been lots of judea and wops year on not just good book but it will be bush cracked carrot each missing double into just as of us even get each of the chest junkets and 1st thing in the bill for the months although since the reader was full of. this chemical bloke they were deal with. it when you've missed all go at it that you grow up right. and that's are. jealous storms or yet you light it up the thought i had up nicely to nobody had to duck just yet the model you produced you could get the usual book with the high job of putting me on the body of the new and yet there's a line up shots of a commute idea they need to go out it's a must you'll go is this nice to. deal with that the median waist it was at a blip was a couple. of quick but it was my gardenia who wrote the biggest piece and i mean it's mostly to moving in months.