u.s. markets surface its worst sell off in more than 3 decades amid fears over the coronavirus but president trump seems unfazed by the looming threat of a possible recession. with the e.u. taking its efforts to contain the pandemic so a new level an increasing number of member states temporarily closed borders. of the entrance of the european union and the show will be closed we are forced to stop flight connections to these countries and establish controls at the swiss border without a valid reason travelling in and out of the country will no longer be allowed. and i'm entitled scrutiny of us tech giants by european regulators i phone maker apple

is ordered to pay over $1000000000.00 euros by france and competitive practices. by that thanks for joining us this is art. u.s. president donald trump has bullishly brushed aside fears america may be heading for recession without the ruling out the possibility the corona virus pandemic is causing turmoil on financial markets worldwide is a drastic action from central banks to limit the damage. is the u.s. economy heading into a recession well it may be without thinking 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 it 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 on monday the u.s. stock market suffered its worst trading day i think from 1970 the share prices tumbled by 13 percent amid fears of a coronavirus we were in the current global economic situation his all to get the. unless you majored in finance everything that's happening may seem a little overwhelming what is going on why are markets melting down while a bank is working around like headless chickens in a few minutes with this monopoly set i'll explain why everything seems to be crashing and burning what the hell is a fiscal stimulus and why is everyone crazy about rate cuts 1st that set the pieces so here are investors meaning millionaires you're middle class with modest savings your pension is here all of them have some money saved up these days you keep your money under your mattress you want to return it right interest

a pretty good pension so you take this money and you put it in the banks depending how smart they are how greedy they are they promise you x. amount of profit per month the banks then go ahead and loan out this money to whoever needs it they drive our entire economy the new hotel built in your city the new jet purchased by british airways the new hips the bar bill down the road from you your mortgage to buy your house comes from the bank so all this money goes into the economy to keep things running and here is how it runs every month these people make payments to the bank here every month the same payment goes back to the bank the bank then pays the investors the investors then put the money back into the bank this is obviously simplifying things but you get the gist of it it's a cycle it all works great while it works but then something unforeseen happens

like a mortgage crisis or a pandemic virus clubs and pubs are to be closed along with theatres museums do sports centers and similar establishments and retailers with specific suctions. now is the time to take extra steps we are ordering the suspension of all retail activities with the exception of groceries pharmacies and other outlets selling 1st of goods. suddenly mass shut down quarantine factories businesses come to a standstill people lose jobs stop paying mortgages suddenly people aren't paying the banks back and the investors the markets your pension manager they start panicking that is their money stuck potentially lost they see the news pandemic they call the bank they say they want their money out pull my money out of the

markets out of the dow jones out of b.p. out of up all the markets crash but the banks don't have it here is where the government step in before this mass panic and a run on the banks the government say the magic word bailout fiscal relief lots of words but it's the same thing the government pulls money out of thin air the money presses and gives it to the banks so that they can keep paying investors it's all pretend play they just simulating that everything's fine by printing ridiculous amounts of money and passing it back and forth between each other the real economy the factories in the businesses these guys are in quarantine and shut down but the entire point of this little show is temporary live this illusion has to work for a little while weeks months to allow the economy to recover to prevent the banks from going bankrupt and recalling all this debt to help these guys get back on

their feet and start paying their debts back you don't need to be a new to the economist or an economist to realize how how fickle how fragile this illusion is the collapse of the markets down 10 percent roughly here you know. it states in new york city where i'm sitting 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 ancient ones who manage bank work for me also 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 we're running on borrowed time they can't keep printing money for too long or inflation goes through the roof money becomes worthless the illusion will eventually wear off even the most optimistic investors can only live in denial for so long and will realize that banks are

living in a dream world then it all collapses see the world up until now has been weighing lives vs the economy for all the criticism and ridicule of the world through a child that they shut down everything sacrificed their own economy to keep the virus from spreading the west didn't the west ridiculed that dismiss china's response as incompetent they tried to keep the markets happy rather than the people safe and what they got america and europe is the worst of both worlds and economy on the brink of collapse and the death toll fast eclipsing that of child that social media feeds are currently filled with pictures of people queuing in panic buying goods as they brace for lockdown over coronavirus some russians who experience them the supermarket shelves back in the eighty's and ninety's they seem

perturbed them quarter explains. stockpiling toilet paper hoarding food long queues everywhere it's a common depiction of the soviet union for many westerners except now it's the 21st century in the western world reeling from the coronavirus pandemic ringback ringback. socialism capitalism it doesn't matter what system when all out crisis is around the corner hysteria has already hit the world economy hard as pandemonium sets in for those who are trying to secure supplies police will hold to a chill or a mock supermarket boring old something old. in all i've been told by constant

conflict with the west put a lot of stress on the soviet economy at times there were widespread deficits of certain products threatening to stab people wasn't exactly the kneejerk soviet reaction though many recall waiting patiently in long queues while others say that deficits weren't even a big part of their lives was not the stuff we got all the goods through acquaintances and i was speculate says it was so much fun speculators it was somehow courts i remember speculations were something much as they sat near the store to be the 1st in line but there was a severe shortage of goods so you might ask why in the morning they were the 1st on the list when you bought his bottle we weren't spoilt for choice let's suppose there was no red fish but there was herring and milk and dairy products modder that was all that ordinary people needed well they didn't kill for the toilet paper but there wasn't enough of the toilet paper but they looked at it was humor and didn't really focus on it somewhere and all of my best moments were in the soviet union i

do not. remember the deficit well i do remember it but it was a very long time ago there will be no panic with the coronavirus we should remember a time when there was no toilet paper its all so we know how to live without toilet paper for a country constantly fighting an uphill economic battle with the west people dealt with adversity quite well in soviet times perhaps they knew that a panicked reaction to crisis could be worse than the crisis itself. the world health organization says that the global death toll outside of china from coronavirus is now over taken inside china france has imposed a near total lockdown on the citizens with more than 100000 police officers deployed to enforce the corridor to the measures and precedents of a post-war europe. the message is clear stay at home these are containment measures similar to those on 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. radically steps up it has to contain the virus restricting or nonessential travel for at least 30 days several nations including austria germany and france have close their borders with the schalit was good looks at whether the era of free movement could be coming to an end. 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 shanking which is the idea of free movement within the european union to do that without passports is essentially over well for now at least if. the borders of the entrance of the european union and the schengen zone will be closed concretely all travel between known european and we're reaping 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. a moment during the tour group public were all foreigners except foreigners who 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 cory to 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 e.u. 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 last globalized world was the pandemic and panic a bates those who believe that 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 populous parties who have been advocating this this tighter control of borders for many many years and also those title restrictions 19 has

highlighted the downsides of extensive international integration while funding fears of foreigners and providing the gist 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 have also said that it will see the nation fighting loneliness 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 oh god. but

the longer that self isolation goes on some say could be weak 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 future historians will remember the time 90922020 as the heyday of european global integration which came to an end free borders of free movement. inclusion etc. all of a sudden we see a complete this mode goes into reverse. the called the consequences would be no question i do not expect any return to the status quo ante we would see a different i do not expect a disintegrated europe but how this will how this will work out how it will look in

. reality for example with border control that's a completely different question remey days of the past with no border controls at all i see is permanently over. this fear domestic abuse could see a spike amid the coronavirus crisis explain it all to the full. media a reflection of reality. in a world transformed. what will make you feel safe.

isolation community. are you going the right way or are you being led. by. what is true what is faith. in the world corrupted you need to descend. to join us in the. forum made in the shallows. if we can l. look into people's minds read the thoughts the question then is what kind of consequence we can take from this. i think in take the example of lying it would prevent us from i wouldn't be able to lie. everything becomes transparent about what we're thinking.

about u.s. tech giant apple has been hit with a fine of more than 1000000000 euros by france's competition or 30 the company and 2 of its wholesalers in france were found to become looting to stifle competition and to 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 but apple disagrees with the decision saying that it's disheartening and is bound to appeal it company also pointed out that the order will cause chaos for companies across or industries however it is not the 1st time that europe has made big u.s. tech giants cough up lately just over a month ago apple was slapped with a $25000000.00 euro penalty by france that was for a software update that was found to slow down old arrived phones and it's not just up either to the 17 european commission ordered google to pay a $2400000000.00 euro fine after it was found to have abused its dominance as

a search engine and favor its own comparison shopping service columnist and elizabeth newton political analyst charles or tell both the big fines do little to deter tech giants. 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 low billions even for such a company like apple or of a microsoft or whatever the system he's got his trademark those approaching are 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 to see 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 color 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 are where they actually set out to be are not they are sometimes evil in the markets and they certainly distort the play the free play of markets and that's all they've got to be contained and the only way is to is to hit them where it hurts which is the pulse. of a more people across the globe end up holed up at home over coronavirus the mess that violence activists have been sounding the alarm about a surge in cases abuse is about power and control and then abuse or can use any 2

to exert that power in control including a national health concern such as covert 19. we expect rising tension and likely rising violence which makes everybody move only the survivor and children in the home. activists say pandemic related destructions worldwide will make it harder to help domestic abuse victims they point out the people at risk still have someone to talk to though there's advice hotlines will remain open to be hosting the louden says communities need to look out for the vulnerable 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 reduce public contact several states across australia will suspend roadside police breathalyzer tests for drugs and alcohol and have to cope with 19 infections spiked over the weekend this is you have 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.

and in the current climate. strake only has around 370 cases of corona virus 5 of them have been deadly all citizens returning from abroad must go into self isolation for a period of 14 days the glenn list jennifer the master and former u.k. police officer peter cook and these on whether police should change the way they work because of the pandemic you 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 the on the road in australia were caused by drunk driving we don't know what's going to happen in the future it doesn't sound like something that's going to be years and years and years it's going to be from them so that impacts the limit states 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 in 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. you the employer has an absolute responsibility so you do all that is reasonable possible reasonably possible to keep their employees safe from injury or illness when work over silly 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 brought their lies or devices or or have ones

that could be disposable utilize a little. more funding for local law enforcement so that we can keep everybody safe talking about what we go into it was 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 anymore or we need to keep the same propulsion. staying with ati international and don't forget you can find plenty more new stories if you had to our website. you are no fan speed you no longer a young woman in fact you are one of the last living survivors of the nazi yeah.

i'm aware of it. all you like. you can never forget. now. was it really like to be inhaled because you would never believe it was a human candle to have as a. cause for 32 years of the. very bad at all seems so logical for by your side. when i get out on the farm saw you take my song to the next the oh so he can listen in the hope for the good bless her .

so what we've got to do is identify the threats that we have it's crazy. let it be an arms race is on off and spearing dramatic development only closely i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk.

as an issue from which to get some investors. because i'm up for from the floor of the truck to improve the. nature of my plans you know to try to reduce the. problems. because the global was going to have to pull through this needs it in your voice you. must have played on possible business for the soul of the family when you're fighting with the folks up close enough. somebody left just before she was about 4 to 6 months because of the sound.

the market down continues as an hourly fed rate head doesn't work as planned this is the one business show you can't afford to mess i'm christiane and i'm going to bore and washington coming up the federal reserve has taken drastic measures to combat the malays of the cope 19 impact we take a deep dive on the move and the way other central banks around the world are reacting plus. we have taken other decisions as well known that the most important is that we have clues to argentina's borders during the next 15 days a period that can be extended to argentina supporters. and amid the outbreak what measures are some nations around the globe taking to slow the spread of which i mean we take a look around the world to see which nations have temporary exposed travel to stave the effort out. and later a several industries have.