the white house scrambles to shield the u.s. economy from a further stock market battering over coronavirus fears unveiling a huge stimulus package. france declares war on coal bed 19 even deploying the military into the streets of paris at says that you increase the containment efforts while member states slam their border shut. the borders of the entrance of the european union and the shamans of the clothes we are forced to stop fly connections to these countries and establish control of the switchboard without a valid reason revelling in and out of the country will no longer be. an australian special forces face a backlash after graphic video emerges showing a soldier shooting dead and an arm afghan man at close range.

you're watching r t international bring you your live news updates straight from the russian capital welcome to the program. u.s. stocks have rebounded from monday's bloodbath on wall street major indexes have risen following tuesday's briefing by the coronavirus task force with a trumpet ministration sought to calm jittery markets with the promise of a major economic response but key industries still face the threat of collapse because you know this is worse than 911 for the airline industry this is they are almost ground to a halt the president wants to make sure that although 'd we don't want people to travel it's critical we want to maintain for critical travel the right to have to match to travel by making shared sacrifices and temporary changes we can protect the health of our people. and we can protect our economy because i think our

economy will come back very rapidly one day we'll be standing possibly up here will say well we won and we're going to say that sure if you're sitting there we're going to say that we're going to win and i think we're going to win faster than people think i hope. during the briefing unveiled some of the plans being put into place including 1000000 checks to americans congress will also be discussing a multi-billion dollar aid package to prop up ailing sectors of the economy such as the airline industry all the federal reserve is set to reintroduce additional crisis era tools in a bid to stabilize the system markets reacted positively to the news we're shares jumping slightly out after a dramatic sell off on monday when u.s. stock markets suffered their worst trading day since the 1987 black monday crash share prices tumbled 12 percent wiping out trillions of dollars in market value with more on the current global economic situation here is r.t.s. money. unless you majored in finance everything that's happening may seem

a little overwhelming what is going on why are markets melting down while bankers whirling around like headless chickens and a few minutes with this monopoly set i'll explain my everything seems to be crashing and burning what the hell is a fiscal stimulus and why is everyone crazy about rate cuts 1st that said the pieces 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 don't keep your money under your mattress you want to return it right interest a pretty good pensions you take this money and you put it in the banks depending how smart they are all 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 specifics options.

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 fancy 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 a year now. it 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 ancient funds who manage bank board formulas 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 it dismiss china's response is 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 childbirth. now to discuss the us reaction and hopefully also the global reactions of the coronavirus we're joined live now by journalist and commentator chadwick moore and max abrams assistant professor of public policy at northeastern university in boston now chad wreck if we can go ahead and start with you if we focus in on the u.s. something that we've been hearing quite a bit is a lot of criticism of donald trump and his reaction people calling it slow saying that he was trying to downplay it and if we look back at some of the things he said he you know he said that in april it looks like it will get warmer and it will go

away miraculously saying it's going to disappear like a miracle one day he also said that as well why do you think he was making those sort of commons. well even his team you know and dr policy at the national institutes of health even said look these pandemics of the last time we had was 10 years ago 11 years ago and they do take this natural curve and they do you know they do climb they plateau they drop and it usually coincides with weather when it gets warmer out these viruses don't like e. they don't like humidity i don't think the president was making a false statement or was just talking out of thin air when he said that he really isn't speaking to advisors but you know he continues to get you know we obviously can't do anything right there's an insane amount of panic out there being driven by the media and meanwhile when you listen to the experts when you actually listen to them when you listen to the current crop of ira's. task force that they're very kong they're not freaking out and they're giving pretty simple basic instructions

to people max what do you make of the president's comments when we have also had the saying you know that you can't make any assumptions you can't bank on the idea that the hot weather summer is going to kill it out why would he be making such comments like that. i think that there has been a real evolution in terms of the quality of doubt on trump's response to coronavirus initially it is absolutely true that he tried to downplay and he said at one point you know that it was the whole little book he said more recently that the administration and how the virus under control of any no longer speaks that well i agree with my fellow panelists that he is supported by a strong team of medical and otherwise scientific professionals and he always appears you know side by side with them and i think he's making

a bigger effort now to speak less off the cuff and to have it more data driven that said donald trump you know is sort of a populist in terms of how he relates to the citizenry as well as how he relates to the media and he gives very very long press conferences and many other politicians wouldn't they would be much more close lipped and so sometimes he deviates from the script and when he does that can get in trouble but in general he is for tasking seems to be more in line with the scientists and the prognosis in terms of where we are has become increasingly. chaddock what do you think why do you think it's taken a major dip in the markets and the prospect of an economic recession to spur a more vigorous move coming from the trumpet mr ation like we've seen today. well where's the where's the dip coming from it's coming from the hysteria in that and i

mean we've got every restaurant and bar and retail store clothes in our biggest cities what's that going to do to hundreds of thousands of bartenders and waitresses and waiters so you know it's who's to say what it is that the reaction from the media which by the way remember swine flu or h one n one in 2960000000 cases 13000 dead almost 0 panic through the media the media is jump on this we've got less than a 100 people dead in the united states i think we just get 5000 cases out of 330000000 people certainly places like new york very crowded places that have a higher risk but the u.a.e. see that you see this panic and given by the media this media that has despised this president from day one this is the recession the economic hit that they've been begging for they've been praying for this bill maher even said it out loud that he's praying for recession and it's the only thing that could hurt this president is an election year and they've got it they've got it now so you know

it's obviously extremely complicated business but who knows if the markets would be taking such a massive hit if the media establishment and the left were in full on crazy mode and by the way journalists should never be listened to on these things they don't know what they're talking about they never know what they're talking about the experts should be listened to and they are the ones who are basically pretty kong you get a lot of saying nobody can wash your hands don't kiss grandma for a while and you know relax max are the measures unveiled going to have a real effect on the markets and are americans going to feel reassured by them we're still how we saw it and seen a real package being pushed through on paid sick leave and whatnot while they're still telling people to stay at home. in order to address the economy what we need to do is take the public health portion of people who are contracting just virus and exponential numbers and they continue to die commensurate rate obviously the

national and international economy is going to contrive i think that the i'm not an if i'm trained economist but i think that the administration is doing reasonable things with respect to trying to prop up this economy been extraordinarily difficult time so reducing the interest rates out of liquidity are dealing with you know certain sectors in industries that are particularly heavy for example the airline industry trying to spur a bilateral cooperation between a student a new chin it is speaking right now with congress and trying to set the right tone and trying to get the the right amount of relief and to put money into people's pockets give them some purchasing power at a time where unemployment is expected to run again i'm no economist but these sorts of measures seem relatively uncontroversial and yet to really move

forward realistically we're probably going to have to wait about a year or 18 months the scientists are saying in terms of the development and distribution of a vaccine which will really reduce the amount of physical harm from the spirals so we need to do everything we need to deal with the economy and we need to deal with the science in order to mitigate this virus itself tadic as max was just pointing out a vaccine of any sort would still be nowhere near as happening right now no matter how fast tracked it is to think that some of trans frederick was just the white house trying to not create unnecessary panic as you were talking about earlier. well i think max is correct that you know it's a president speaking style so when he kind of goes off because he never called it a hoax by the way that's been taken out of context but his speaking style and his you know kind of rambling whatever it is a part of his appeal it's what many people like about him so he has indeed gotten down more throughout the data and the numbers have become

a little more solemn and serious but that doesn't mean he wasn't you know this whole time working on on it or at least speaking to experts so yeah they're approaching seems reasonable i mean you know here we are talking about bailouts and and all these other things which i didn't think anyone ever thought we'd hear about in the trunk with ministration it's more an obama thing but it does seem reasonable doesn't seem that. there's much pushback against that whatsoever ted what do you think that these bailouts that they're proposing are going to be enough i don't know you know monitoring economists either so it. you know it's difficult to say the present dimensions you want to do one big dump of money he doesn't want to roll it out slowly he doesn't want to have these talks every few days so he just wants to inject a bunch of money in into the economy who knows how long are we dealing with this it could be a couple weeks or could be a couple months max if we take a step further look at the global reaction to the coronavirus something we saw at

the beginning when things were only focused on china whereas a lot of criticism of china saying that they were using authoritarian tactics shutting down the cities and whatnot and yet now we've seen in the u.s. there's multiple states that have been shutting down and putting everybody on lockdown and european union countries that are doing the same thing so why do you think that now they realize that those were the right tack to excess. well i think that someone here and 2 crises in general crises tend to strengthen the hand of the executive we're seeing a tremendous increase right now in the federal government's power in the united states the reason there's even some talk you know about martial law and curfews we're also seeing an expansion in local and state power and so governments that at both different levels are much stronger be the citizen then they were just

a couple weeks ago that said the u.s. is a democracy and china is an authoritarian country and so the hint of the government is substantially stronger than even in the u.s. during a crisis and so it's interesting to look at these very different approaches but in general in terms of the continuum between democracy human and government and authoritarianism the got the u.s. government is moving more in the direction of china while still trying to maintain some of our time a credit norms chaddock what do you make of the u.s. and european response that's locking down a city as you know closing the borders. i think it's terrifying i think it's really disturbing and it's you know there are some constitutional scholars out better that debate whether how constitutional it is i think it's it's shocking how easily americans will give up their liberty i don't know like i said if you're just looking at the numbers if you're just listening to the experts then you're not really all that terrified of this of this pandemic and pandemic also sounds like

a very scary word but it's a very common word just describe what's going on so i think it's very scary i think that max is absolutely correct that if we're seeing just how swiftly the state can expand out now it can come in and become more authoritarian and you know in new york city right now it's a ghost town here and it and you know the mayor wants to quarantine the entire city the governor won't let him i would bet that it might be coming so very very scary stuff and it's it's like anything most people living people logged today have seen . and you know but one thing also with the chinese government response when they have this virus going on they still let people leave their country and infect the rest of the world so you know they didn't do that great of a job in containing it max here we have entire cities being shut down a new york city being described as a ghost town something i definitely never thought that i would hear before is that

the right measure the like both saying either way this is a problem be it scary or not how large of a scale that is max are these the right decisions being made is it not enough is it too much. sure there is no question that the u.s. government's power is expanding in the face of this crisis that said i believe that it's mayor and i think it sounds like where i disagree where i disagree with my colleague is that i actually do you view this threat as extraordinarily severe and and not just scary. but consequential and i don't think that numerically we can just look at the numbers today we need to look at their direction and how do you know and when you look at how could you know how communicable how you know how contagious this virus is in the portion of people that it will also be early affected as well as killing

them and then when you consider that we're not going to have a back seen for a very long term. and it's reasonable to expect this virus to substantially harm if not kill you know substantial portions of the ringback u.s. population and so given the nature of the threat it is reasonable for the government to intervene in refel ways to try to mitigate that threat particularly by enforcing social distance and so that we don't infect each other needlessly max abrams assistant professor of public policy at northeastern university in boston and journalist and commentator chadwick more on and thank you both for joining us on the program to break down some of the consequences and reactions to the coronavirus thank you nic thank you. well the e.u. has now announced the closure of all its external borders for the next 30 days in

office has imposed an almost total lockdown on citizens with more than 800000 police deployed to enforce the quarantine measure is unprecedented for post war europe and military trucks have been filmed on the streets of paris it comes as france's interior minister warned people to stay at home. modelled the message is clear stay at home these are containment measures similar to those with spain and italy postings travelling must be able to justify their movements each person will have to carry a document certifying the reason of his or her journey. and what you are now closing its borders for next month and the block radical stepping up its containment efforts are to look at whether the era of free movement will ever return. 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. 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. 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 course we teach 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 either 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 to assure the last 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 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 your pet store oakley has being 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 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. 'd 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 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 cold the consequences would be grave 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 controls that's a completely different question dreamy days of the past with no border controls at all i see is permanently over. graphic footage has emerged online showing an australian soldier shooting dead an unarmed afghan man at close range and warning you may find the following images disturbing .

thought. i am deeply disturbed by what has been eroding tonight's 4 corners report we are serious allegations are raised australians would rightly expect their 3rd league samant the video was obtained by the australian 4 corners t.v. programme the show claimed an official investigation by the australian defense force the killing was justified as self defense something that's not supported by the footage the killing is one of a number of cases uncovered by the programme the country's defense minister now says she backs an inquiry into all claims of wrongdoing by special forces in afghanistan in 2017 a former defense lawyer leaked the so-called afghan files documents allege war crimes by australian soldiers among the claims of the mistaken killings of a father and son during a raid as well as the killing of an afghan detainees and the mistreatment of others

brian becker from the anti-war answer coalition says claims of war crimes are becoming a daily occurrence for the australian special forces. there's no doubt that this is a demonstration of work crimes there's no doubt about that whatsoever the australian military again is is involved in a criminal cover up the fact that they're shooting people while they're lying still on the ground and they recognise that a camera may be capturing these war crimes and they do it anyway shows how absolutely routine the killings like this are in the field they are gauged in routine i believe routine work crimes and crimes against humanity and they know that their bosses their superiors in the chain of command are perfectly ok with it they appear to still be ok with it even though the video completely contradicts the assertion that this was in self-defense.