thinks. we fear to ask. european union shuts down its external borders for the next 30 days in a bit to limit the spread of covert 90. white house scrambles to shield the us economy from a further stock market battering over the coronavirus pandemic unveiling a huge stimulus package. in other news australian special forces face a backlash after graphic video emerges showing a soldier shooting dead an unarmed afghan man at close range. with headline news 247 this is r.t. international from moscow money welcome to the program 1st the u.

has closed its external borders for the next $30.00 days germany's angela merkel announced the measure which is one of the most drastic so far in tackling the coronavirus. we have introduced and she restrictions basically an entry ban for citizens from non e.u. countries it should last for 30 days in germany it applies immediately. belgium's the latest country to join those declaring a nationwide quarantine spain italy and france are also in lockdown right now military trucks have been filmed on the streets of paris. takes a look at whether the error 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. the borders of the entrance of the european union and the schengen zone will be closed concrete leave all travel between known european union we were canceling it will be suspended over the 30 days you know or seem to be off or stop the 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 is what order in the direction of italy remains closed. without a valid reason traveling in and out of the can through will no longer be out. of

the ban on entering the czech republic. except foreigners with permanent residency or residency or 90 days 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 corey to each other with kisses on the cheeks has been pretty much banned 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 in 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 to assure a less globalized world was the pandemic compounded 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 tighter restrictions 19 has highlighted the downsides of extensive international insecure ation war funding fears of foreigners and providing legitimacy for national restrictions on global trade flows of people you're a pest or a cli 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 are already trying 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 grave

no question i do not expect any return to the status quo ante we would 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 . 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. stocks are prevented from monday's bloodbath home wall street major indexes have risen following tuesday to briefing by the coronavirus task force where the trumpet ministrations still to come jittery markets with the promise of a major economic response but k. industries still face the threat of collapse. because you know this is worse than 911 if for the airline industry this is there almost ground to

a halt the president wants to make sure that although we don't want people to travel it's critical we want to maintain for critical travel the right to have to most incredible 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 really rapidly one day we'll be standing possibly appear will say well we won and we're going to say that sure if you're sitting there we're going to say that and we're going to win and i think we're going to win faster than people think i hope during the briefing donald trump unveiled some of the plans being put in place including making checks to americans congress would 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 tolls and a bit to stabilize the system. markets reacted positively to the news with shares jumping slightly after a dramatic sell off on monday when u.s.

stock markets suffered their worst trading days since the $987.00 black monday to crash share prices temple 12 percent wiping out trillions of dollars in market value with more on the global economic situation right now here's more against the of. let's you majored in finance everything that's happening may seem a little overwhelming what is going on why are markets melting down why a bank is whirling around like headless chickens in 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 know 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

on 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. 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 and similar establishments and retailers specific assumptions. in all the now is the time to take extra steps and we're ordering the suspension of all retail season with the exception of very serious and on the season i'm 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 bags 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 3 allows how how fickle how fragile this illusion is the collapse 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 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 what follows 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 and 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 china. lines are among the worst affected with passenger numbers collapsing carriers are now cutting tens of thousands of jobs and sending workers on unpaid leave. europe's carmakers have also gone into full crisis mode mothballing dozens of factories the

tourism and hospitality sectors have been severely disrupted by the lack of customers amusement parks are being closed and they just sporting events cancel millions of jobs are likely to be at risk with the united states now also facing a similar scenario the editorial director of the american institute for economic research believes the effects will stretch well into the future you know this is a calamity that's more or less manmade actually none of this is actually truly necessary but the u.s. did absolutely everything wrong from the beginning of this crisis and you can't just issue orders from the top everybody stop what you're doing and do nothing you know if you do that you're going to bring about a massive market crash and expose every conceivable vulnerability in the system and that's exactly what's happening right now there's going to be a tremendous price to pay in the future. like economically financially socially culturally psychologically but also very profoundly politically because

people are going to be demanding answers and that 1st thing that people can discover right now is is a closer look at why the u.s. was not ready for this testing. because our team from moscow damning video has come to light showing an australian soldier killing an unarmed civilian in afghanistan it's our next story after this. now explain. 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 said the problem there is that their perceptions thus far have caused the problem

so they're actually the problem there needs to been fed the central banks need to be removed from the equation because they are the problem. the outbreak in spread of the coronavirus has become a black swan event for the global economy is no longer whether the u.s. and other economies will slip into recession the question now is how long the recession will last it's going to get worse before it gets better. graphic videos being released showing an australian soldiers shooting dead an unarmed afghan man at close range the disturbing video which we're about to show

you an edited version that was obtained by australia's 4 corners come to 1st t.v. program. world. stopped. 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 a.b.c. which as the 4 corners show says an official investigation by the australian defense force ruled that the killing was justified as self defense although the video appears to show otherwise the killing is one of a number of cases uncovered by 4 corners the australian defense minister now says she backs an inquiry into all claims of wrongdoing by special forces in afghanistan . and $27.00 a former defense lawyer leaked the so-called afghan files the documents alleged 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 detainee and the mistreatment of others brian baca from the antiwar 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 killings like this are in the field they are gauged in routine i believe routine out war 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. the u.s.

has withdrawn its troops from the base in iraq one of 3 that it plans to vacate comes after the baghdad government wrote to the un condemning american strikes against the iranian backed militia which the white house blamed for a rocket attack last week which claimed the lives of 2 american servicemen and a british soldier this is deemed an aggressive acts against the people government and state of iraq it's a flagrant violation of the conditions the american forces in iraq as well as a dangerous escalation that's meant to make iraq an area for the regional conflicts and agendas we are in iraq to support the people of iraq in their fight against isis however we always reserve the right to defend our forces whenever they're attacked or threaten a march the 11th 3 coalition troops were killed and 14 wounded after an attack on the military base in response the u.s. conducted strikes on 5 warehouses belonging to local militia baghdad claim 5 iraqi soldiers along with one civilian were killed jamal wakim who's

a professor of history and international relations says the u.s. takes advantage of an a division to stay in iraq as long as possible. well the problem. is and the american occupation under same time the divisions among. the has been dominating the scene or the country out that the american led invasion. so 'd these good to good to be germans are along sectarian lines. by. damage national unity and at the same time the americans that i was on this in all the alliances. and. in addition to dead alliances with many. because the so i believe the americans are trying to. cut it open if i don't rule in with that to stay in it are in spite of

all. many colds but i did occupy lament time by like. the. on the americans to withhold them on the current. u.s. ascribes another case trying to fit investigation into russian interference during the last presidential election charges have been dropped against 2 firms accused of running a troll farm that ain to influence voters under fama got more details any a from correspondents ask it taylor. well times russia gate and the infamous murder investigation have seemed never ending thought it appears that we might be seeing a ton in the tide because on monday the u.s. department of justice fall to motion to dismiss all charges against 2 companies but concord management and concord consulting now these are russian farms which were accused of financially supporting efforts to allegedly meddle in the 2016 u.s. presidential elections before we start talking through the whole back story to this

let's listen to the exact reason that the d.o.j. gave for dropping the case in light of the defendant's conduct the risk of exposure to law enforcement tools and techniques and the post indictment change in the proof available at trial the balance of queries has shifted it is no longer in the best interests of justice or the country's national security to continue this prosecution. so washington says it's backed out of the trial on the grounds of national security and it might be linked to the fact that back in 2919 a confidential information from the meter investigation was apparently leaked online now the d.o.j. never got to the bottom of who was behind the leak what do you think ever accused anyone but we can see that clearly this is had an impact on it has stopped fears of the breaches but either way given that the trial is just a couple of weeks ago and it was so high profile it was so much anticipated this is really quite a significant quite sensational backtrack from the justice department just give

some details then about why these 2 captured the eye of this investigation in the 1st place. management unconquered consulting are 2 of 3 companies on 13 individuals that were charged in for 20 by rope was a huge and that went on for $675.00 days despite the resources that was still no concrete evidence but still that didn't stop the hysteria this was something. it was inescapable it was on every t.v. screen in america 13 russian nationals and 3 russian companies accused of a massive effort to meddle in the election if you read between the lines is clearly saying that this was a russian government operation by special counsel robert muller has indicted some 13 russian nationals russian intelligence service for a very very long time has had in their playbook the this information campaign so as we just heard that as part of the meter investigation 13 employees from concord

what charged at the time they were watching for that international research agency now this is the so-called troll farm for concord they're dropping this case want out be very welcome news that will prepare a $50000000000.00 lawsuit against the u.s. government for illegal prosecution and sanctions so we'll see how that plays out but definitely a massive u. turn from the justice department and a bit of disappointment no doubt for all those who were hoping that this trial would be some sort of that for those who believe that donald trump was elected not by the american people but who by the kremlin itself or russia analyst martha macauley suspects the case was dropped to protect intelligence secrets. the u.s. justice department has taken a better or worse it is not an unprecedented step because if you go back to the cold war. the us has the problems decided not to charge certain u.s. cards because it would reveal too much about us country intelligence operations and

so on so it's not the 1st time as happened they've backed away from it but it's a really serious note from the u.s. justice department and what was really so in other words the u.s. justice department is now saying a busy day we can go forward with this charge against concord management because it would reveal too much about how we collect information and how we penetrate the other side and also in light who. are in russia. as expelling journalists from 3 american newspapers in a tit for tat move and the chinese foreign ministry is one that further steps could be taken if washington retaliate. in recent years the u.s. government has placed unwarranted restrictions on chinese media agencies and personnel in the u.s. it has therefore expose the hypocrisy of the self-styled advocates of press freedom

china edges the u.s. to immediately change course should the u.s. choose to go further down the wrong path it could expect more countermeasures from china. following the latest announcement reporters from the new york times wall street journal and washington post will have their press credentials revoked those 3 outlets plus voice of america and time magazine will have to submit detailed information on this stuff and financing in china and this dispute started in february when the u.s. labeled 5 chinese state media outlets as foreign missions china later expelled 3 wall street journal reporters over an article entitled china is the real sick man of asia and almost a 3rd president trump imposed a cap on the number of stuff a chinese news organizations working in the u.s. secretary of state might pump ayos condemned the latest move from china. they continued to take actions like that when you see today where they deny the world the capacity to know what's really going on inside of their country the individuals that we identified

a few weeks back were not media they were acting here freely they were part of chinese propaganda outlets last hour about the thoughts of joseph gregory about when he was a politics professor at east china university he says the dispute highlights the growing divergence between the 2 countries. i think it's very significant in so much as it signals that instead of cooperating to help get control over the global pandemic as well as the economic consequences they're going to continue fighting with each other this is really the logic of because playing this is really the logic of cutting ties but also the reciprocation that take place on a regular basis when it comes to you do this i do that so in a certain sense all this is normal but at the same time it is it appears to be a dramatic escalation at a very sensitive time and i think the cost will be very substantial on both sides ok that's the way it looks from moscow this hour we're keeping watch on the volatile markets next checking in with the ati money team in washington

a boom bust it's on the way. seemed wrong. wrong just don't. get to see palin these days become active. and engaged equals betrayal. when something you find themselves worlds apart we choose to look for common ground .

and markets have slightly bounced back from their worst day in more than 30 years this is the one business show you can't afford to miss i'm going to bore in washington coming up markets see a slight rebound on hopes of a possible stimulus but will the surge go on will break down with expert analysis as the virus continues its spread across the globe so as misinformation about the outbreak and tech giants are teaming up to take it on and later the global aviation industry has been battered by the virus could help for the sector be just over the horizon we have a packed show today so let's dive right in. and after the worst day for the u.s. market since 1987 we're seeing a bit of a rebound following an early rate cut from the u.s. federal reserve as the central bank tries to mitigate the economic impact of the krona virus markets to.