hello and welcome to this thursday edition of asia business report, i'm sharanjit leyl. edition of asiaport, i'm shara njit leyl. some edition of asia business report, i'm sharanjit leyl. some newsjust in, in the past few minutes we've been hearing from president donald trump, who announced a ban on all travel from europe to the us to tackle the spread of the coronavirus. addressing the nation from the white house, he said the restriction wouldn't apply to the uk. let's listen to what he said a short time ago. to keep new cases from entering our shores, we will suspend all travel from europe to the united states for the next 30 days. the new rules will go into effect friday at midnight. for more analysis we can bring in oui’ for more analysis we can bring in our reporter monica miller, who was obviously watching that address by president donald trump and quite draconian measures, which is making markets particularly nervous because we've seen those markets take an even steeper fall since he spoke. the nikkei is down about 2.5% and the australian market is down 4%. once going on? we are

now on bbc news live to singapore for asia business report.an markets are mixed after wall street had its worst day in over three decades. all the major indices there dropped more than 12%. us airlines asked for government bailout as more travel restrictions ta ke bailout as more travel restrictions take effect. good morning and welcome to asia business report, live from singapore with me, mariko oi. let's begin with wall street where we saw yet another sharp fall on monday, all the three main indices there falling by more than 1296 indices there falling by more than 12% overnight, the dow actually lost more than 3000 points in one day, that's the worst point loss ever, and in the past month, the dow has lost almost one third of its value at the coronavirus spread well beyond asia to europe and the united states, and not much better numbers for the s&p 500, falling 29% over the past month, practically wiping out all of last year's gains, as well as for the nasdaq. and here's how asian markets are responding this morning, japan's nikkei opened

hello and welcome to this monday's asia business report. i am sharanjit leyl asia business report. am sharanjit leyl. we begin our programme with markets in turmoil where a dramatic price war has broken out between two of the world's most largest oil producers. we have opec and russia. oil prices have been plunging and thatis oil prices have been plunging and that is spilling over here into asia's stock markets which are all opening sharply lower. i am joined by monica miller here in the studio. you have been watching it all, what has been going on? this downward spiral happened over the weekend when open —— opec and russia had a meeting about production cuts but couldn't reach a conclusion. this has sent, as we can see, brent crude oil, the benchmark, it has been down by almost 21% that even the future is that we started out with this morning when we came in, they were down 30% and this is where traders started the day here in asia. the problem is, when you look at, saudi arabia produces the cheapest oil on the planet and russia is also saying, wait a minute, we the planet and rus

that's it for this edition of asia business report, thanks for watching.to—date with our top stories is our. the head of the world health organisation says the outbreak of the new coronavirus has entered uncharted territory, but that it can still be contained. 0fficial that it can still be contained. official results yet to be announced, but israel's prime minister benjamin netanyahu has claimed victory in the country's third election in a year. dozens of homes in east yorkshire are still underwater after the river air ove rflowed are still underwater after the river air overflowed its banks following unprecedented rainfall in recent weeks. the water remains in several feet deep in places and is expected to bea feet deep in places and is expected to be a few more days before people will be allowed back into the worst affected homes. 0ur correspondent danny savage reports. the rain which caused all this flooding is now a distant memory. but the problems it created go on and on. in the village of east calvert, 69 homes have been flooded. you need waiters to

that's it for this edition of asia business report. thanks for watching.ave introduced drastic measures today to try to slow the spread of the virus, among them ireland. all schools, colleges and nurseries were closed until the end of the month, and mass gatherings have been banned. ed thomas reports. 6:00pm, and this was dublin at rush hour, from the streets to quiet city parks and empty restaurants, as ireland's partial shutdown began. i'm a bit scared, because i can't go home in case i pass it onto, like, my grandmother, my grandfather, so... what does this mean for you? well, it's better to be safe. we're going to stay at home, and wait untilallthe... you've made that decision, stay at home with the children? yeah. so far, there's only one urgentjob. how manyjobs should there be? there should be at least 60 or 70 jobs on that. 70 jobs? at this time of the evening, yep. the advice here now is to work from home if you can. but, for a taxi driver like colin, that's a problem. finance — who's going to pay the bills? because i'm self—employed. so you're los

now let's go to singapore with asia business report.oronavirus fears hit markets: a shares and oil resumes slump as global recession concerns grow. international women's day: how the annual event's organisers are calling on men and women to challenge stereotypes. good morning, welcome to asia business report live from singapore with me, mariko 0i. let us begin with me, mariko 0i. let us begin with stock markets, because asian shares have started the day sharply lower as fears grow that the coronavirus outbreak will push the global economy into a recession. let us global economy into a recession. let us show you japan's nikkei, down by more than 2%. that followed another bruising session on wall street where all the three main industries fell by more than 3% overnight. michelle fleury has more from new york. health care systems grapple with how to cope with the virus, financial markets are doing the same. us stocks were once again pummeled, and after two days, the dowjones industrial average fell more than 3% — 29 of the 30 stocks that m

hello and welcome to this monday's asia business report. i am sharanjit leyl asia business report. with markets in turmoil where a dramatic price war has broken out between two of the world's most largest oil producers. we

hello, and welcome to tuesday's asia business report, i am sharanjit leyl business report, i am sharanjitl. let's look at markets in asia because some of them are open but it appears to be another choppy day of trade. we see the nikkei is down over 1% but crawling back from some of its steeper slides. we sought open 3%. we sought slide 5%, after dave incredibly volatile trading. we saw the us financial markets seeing their biggest one—day fall since the 2008 financial crisis. it's being dubbed black monday. the drops was so severe dubbed black monday. the drops was so severe in fact, the trading was halted for 15 minutes. watching it all from wall seat was similar hussein. there is no way around it, it was a very brutal day on wall street. it began with an 1800 point dropped on the dowjones began with an 1800 point dropped on the dow jones industrial average, triggering an automatic halt to trading for 15 minutes to give investors a chance to take stock and ta ke investors a chance to take stock and take a look at the trades they were making. in the end on monday, the dowjones industrial

now on bbc news, live to singapore for asia business report.all street rallies with investors liking the white house promise of a huge stimulus package. the auto industry stalls while china's factories maybe backup, —— china's factories maybe backup, —— china's factories are back up at europe's maybe closing. good morning and welcome to asia business report live from singapore. let's begin on wall street because we saw a rally overnight at last with investors reacting positively to the news that the trump administration is now pushing for a massive stimulus package to help the us economy. let's show you how the markets ended. the dowjones ended 5% higher, only one day after losing almost 3000 points and the snp and the nasdaq both jumped almost 3000 points and the snp and the nasdaq bothjumped by more than 6%. we have more from new york. wall street is finally getting what it has wanted for week, some help from washington. the us senate, after having been absent for a number of days, finally got back to work on tuesday and is passing the corona

good morning and welcome to asia business report live from singapore with me, mariko oi.sian markets have been so volatile of the back of that second emergency rate cut by the us federal reserve in two weeks. let's show you how japan's mckay is trading at the moment. it's up by 0.5%, basically because investors are expecting some kind of announcement from the bank ofjapan which moves its monetary meeting forward to today. we will continue monitoring how the decay is going to perform today. while australia's asx 200, down by more than 7%. that came up 200, down by more than 7%. that came up back of the fed cutting borrowing by new zero. the fed and other big central banks also announced that they would co—ordinate its liquidity, hoping to cushion the economic impact of the coronavirus. president trump welcomes the announcement. talking about the federal reserve, it's a tremendous thing. it makes me very happy and i want to congratulate the federal reserve. for starters, they've lowered the fed rate from what it was which was i—i.25, and it has been lowered down to zero to

now on bbc news live to singapore for asia business report.tional lender of the imf pledges $50 billion and makes a stark warning that the corunna virus outbreak could it lead to the wea kest outbreak could it lead to the weakest growth since the global financial crisis. while in asia, markets are up but the central bank continued to feel the heat as they grapple with the best way to respond to the virus volatility. good morning. welcome to asia business report. live from singapore with me, mariko 0i. let us begin with me, mariko 0i. let us begin with coronavirus, a global problem calling for a global response. those are the words of the head of the international monetary fund as she placed $50 billion for developing countries to contain the spread of the disease. the organisation also warned that the worsening impact of the new virus is likely to push global economy growth but low last yea r‘s global economy growth but low last year's subdued level. and that it may even be the weakest since the globalfinancial may even be the weakest since th

now on bbc news live to singapore for asia business report.ca's central bank makes the biggest rate cut since the financial crisis. the us shares tumble on the surprise move. and a $10 billion industry under threat as a travel ban it means chinese students are not able to return to australia to continue with a university classes. let's begin with hong kong, and the cost of borrowing by half a percentage point to one and a half percent. following on from what the us federal reserve did overnight. the main aim is to help ease the adverse impact on the coronavirus. hong kong monetary authority say that there is still little uncertainty in the ever looming of the epidemic and the in texas open black and the hong kong dollar is packed. they didn't have much of a choice. but it is highly unusual for the bank to cut and outline their needs. just a emergency moose of the financial crisis of 2008. that is raised fresh concerns about the state of the us economy and sent us shares tumble link by a nearly 3% overnight. 0ur north america business correspon

now on bbc news live to singapore for asia's business report. ets in japan markets injapan kicked off the new trading week lower, continuing the global sell—off, which started last week in asia, europe and the us. we look at how india's supply chain is disrupted by the corona outbreak. hello, and welcome to this monday's asia business report. of course, we know it's a brand—new week, and asian markets are in the red, extending the sell—off from last week over injapan, we take a look at which has been open for the last hour or so, down about half a percent, it's actually scaling some of its deeper declines just a little earlier, still lurking near six month lows though, and of course, really taking its cues from wall street last week, which saw its biggest sell—off since the financial crisis in 2008. the snp 500 index for instance lost about 11 and of course, really taking its cues from wall street last week, which saw its biggest sell—off since the financial crisis in 2008. the snp 500 index for instance lost about 11 and a half percent all of la

hello, and welcome to asia business report. i'm sharanjit leyl.ll begin with the markets, because there is yet more volatility. asian shares are going lower after yesterday's gains, we are taking a look at japan's nikkei 225. tokyo yesterday's gains, we are taking a look atjapan‘s nikkei 225. tokyo is flatted to lower. australia's s and p asx 200 is currently down by about 1.596. -- p asx 200 is currently down by about i.5%. -- s&p. p asx 200 is currently down by about 1.5%. -- s&p. this is p asx 200 is currently down by about 1.5%. —— s&p. this is after the games yesterday and also those gains on wall street, this follows a particularly beautiful monday. 0n tuesday this is how wall street ended. you can see gains there. the dow closing by more than 1100 points. that is after that awful monday whether markets or some of its worst days the financial crisis. president trump has been trying to reassure investors, saying he would unveil measures to stimulate the economy. notably, he did not appear ata economy. notably, he did not appear at a scheduled

and we will be getting to the markets on the asia business report. ay how we saw what was dubbed as black monday with the markets falling genetically to levels not seen since the 2008 financial crisis and we will bring you more about —— dramatically. and we will bring you more about -- dramatically. let's move away from the coronavirus toa move away from the coronavirus to a moment about harry and meghan market. the duke and duchess of sussex have been making theirfinal duchess of sussex have been making their final official appearance at senior royals. they attended a commonwealth service at westminster abbey. that's their last real duty before stepping back. —— royal duty. good evening. well, after a promising start, the day deteriorated as the winds picked up and rain began to edge its way in. now, some of this rain's going to be quite heavy and persistent, particularly for parts of mid wales. the met office has issued an amber warning. over the hills we could see as much as 100 mm. flooding and travel disruption likely. you can see nicely the exte

let's get on update from our asia business reporter monica miller. says this is that i've financial crisis but it has financial crisis but it has financial and economic impacts? this announcement has escalated fears here in asia with equity and oil prices falling through the floor. we have seen the neck a drop 5%. the hang seng in hong kong is down 2.5% and in australia, the snp... asx 200 is down 6% and this is after prime minister scott morrison announced an $11 billion stimulus package. we are also looking throughout asia, japan had released a $4 billion package a couple of days ago, sing a point on the same but none of this seems to be stopping this freefall that we are seeing in the equities market. president trump did sign an $8.3 billion package just a few days ago but has gone back to congress. he wants to increase that funding to $50 billion. and he also has a bit ofa billion. and he also has a bit of a terrestrial move that he has asked for and that is to roll back payroll taxes until the end of the year. this coronavirus is showing no sign

more on that on asia business report.looks at a new smartphone software being introduced in china to dictate whether the users should be quarantined. the paper is this that the new software appears to represent a new form of automated social control, they could persist long after the epidemic subsides. marika, thank you for the newspapers there. we only have exit polls so far from official results i get to be announced. israel prime minister benjamin netanyahu israel prime minister benjamin neta nyahu is israel prime minister benjamin netanyahu is claiming victory in the country start election injust one year. in the country start election in just one year. we have a freelance reporter in tel aviv. she agrees that mr netanyahu could be on the cusp of achieving a conclusive victory. israel is going to be in limbo probably at least for the next 24 probably at least for the next 2a hours because they are just starting to count real vice. afterwards, they are all of the special votes. that's kind of real votes. votes like the

let's get an update from asia business report and monica miller.sident stressed several times it's not a financial crisis but it has impacts? in asia we have seen markets deepening and that was before the announcement but there's been a big sell—off. 0n there's been a big sell—off. 0n the nikkei, they have saved more than 5%, the hang seng in hong kong has lost 3.5% and in australia, the asx 200 is down 6% and this comes after prime minister scott morrison had announced an $11 billion aid package to help business impacted by the coronavirus. president donald trump had earlier said he had signed a bill... $8.3 billion to help businesses in the us but now he wa nts businesses in the us but now he wants congress to consider upping that number to $50 billion. as you said, he doesn't see this as a financial crisis. he said this restriction on travel to europe, not the uk, but certainly for travel within europe, it's affecting people, not essences. monica millerfor us monica miller for us there. in italy, europe's worst affected country, spending has bee

i know you will bring more on that in asia business report very shortly. and i'm sharanjit leyl in singapore. stay with us. i will be back to talk about those markets in a little while. we will be with you in the next few minutes. good evening. well, after a promising start, the day deteriorated as the winds picked up, and rain began to edge its way in. now, some of this rain's going to be quite heavy and persistent, particularly for parts of mid wales. the met office has issued an amber warning. over the hills because could see as much as 100 millimetres. flooding and travel disruption likely. you can see nicely the extent of this rain on the earlier radar image. some heavy losses as well for north—west england and down towards southwest england as well. spilling its way eastwards, and will gradually clear, the main band during the early hours of the morning, but more rain to come for parts of mid wales, up into north—west england and parts of south—west england as well. over the moors, parts of south—west england as well. overthe moors, here parts of sou

we will have more on that one asia business report shortly. you‘re watching newsday on the bbc. is preparing to deal with an increase in coronavirus cases. also on the programme: we answer some of the common questions people have been asking about the virus. the numbers of dead and wounded defied belief. this the worst terrorist atrocity on european soil in modern times. in less than 2a hours then the soviet union lost an elderly sick leader and replaced him with a dynamic figure 20 years his junior. we heard these gunshots in the gym. then he came out through a fire exit and started firing at our huts. god, we were all petrified. james earl ray, aged 41, sentenced to 99 years and due for parole when he's 90, travelled from memphis jail to nashville state prison in an eight—car convoy. paul, what‘s it feel like to be married at last? it feels fine, thank you. what are you going to do now? is it going to change your life much do you think? i don't know really. i've never been married before. this is newsday on the bbc. i‘m mariko 0i in singapore. and i‘m lewis vaughan jones in lo

we will catch up with you and asia business report. for the time being, thank you for watching.ixed fortune, certainly. colder air moving in from the north, still mild in the south and across england and wales the cloudy mild theme continues through the day with some outbreaks of rain. for scotland and northern ireland a different story, cold and frosty start to the morning with a mix of sunshine and a few showers around. the dividing line between the two weather types is this weather front which is slowly sinking south across parts of wales and northern england as well through wednesday morning. north of that we have a chilly north—westerly flow so after a frosty start for scotland and northern ireland we see showers working in and they will fall as sleet in snow over the highest ground in scotland. further south we have a band of rain pushing across northern england towards the midlands into wales and much of southern england should stay dry for a good part of the day but fairly cloudy and grey. light winds in the south but it could be quite breezy across the north—west of the

let's check in on the markets which have just opened in asia in the last hour with our business reporter. how other markets? he has been very, very volatile and i think it is fairto very, very volatile and i think it is fair to say that motility is here to stay. japan's nikkei as open flat to slightly higher and that is because it is closed for public holiday on friday to a didn't get to react to the huge stimulus package by the united states that peter was just talking about, how much trouble it is currently in. that is why it is a slightly higher but if you look at the rest of the region, we are well and truly in the red. let me show you australia's market, now down by more than 7% and that is a similar pick are elsewhere because investors are elsewhere because investors are increasingly concerned about this uncertainty and if you look at the us futures, thatis you look at the us futures, that is also pointing to a sharply loyal —— sharply lower opening for this coming monday. last friday, the dour practical —— practically really —— erased all the gain it made sense donald trump became

the last 2a hours in response to political events in the us — the markets in asia are opening for a new day. our business reporter. turmoil in recent days and a little bounce back. how have the markets opened this morning? it is looking quite good this morning. let me show you how the nikkei is trading at the moment. hire by 6%. it has been trading for two hours now because investors are hopeful that that stimulus package you and peter were talking about will be approved soon and also investors seem relieved that the olympics were only postponed and not cancelled altogether which could have caused —— cost the japanese government $14 billion. let me show you the hang seng index that has just started trading. it is up by more than 3% at the moment taking their cue from wall street where we saw the dow jones industrial average and rising some 11%, the biggest one—day gain since 1933 and we also saw all the other major indices ending the day hi as well stop that of course is not to say that market volatility is over that makeover. we still don't know what will happen with the stimulus package in the us which seems to

coronavirus pandemic will wipean ou economic growth in east asia preventing almost 24 million people from escaping poverty. here is our business reporterho has more on the story. >> the federal reserve released a report in which they estimate that some 47 milli americans will lose their jobs in the coming months. ploymentld push the un rate in this country to 32%. a staggering number on its own. if you compare that to last month when we saw that the unemployment rate was 3.5%, and for the last several years we have seen the unemployment rate in the united states has been at decades lows. is unbelievable to see these kinds of projections coming from the econ reserve.the federal >> in russia, the number of coronavirus cases has jumped by 500 in 24 hours. that comes as the russian parliament approved laws to slow including up to seears in prison for breaking rules. there is now a fear that presiden exposed.y have been >> it began with a handshake. vladimir putin meeting this dc octor a week ago to inspect the hospital. now the doctor himself has tested positive for covid-19. he and the president spent the afternoon together in close cont

. >> reporter: she is working hard to keep her business afloat amid the coronavirus. >> a lot of the products that are not locally sourced are coming from asiaeporter: what she has wasn't flying off the shelves. a lot less foot traffic because of the outbreak but she is using technology to market and move products. >> deliver food to clients. >> reporter: down the street, the lights are off at the busy buffet for tuna. a victim of less customers thanks to the coronavirus. >> reporter: further evidence of the virus' economic impact. the banquet hall dark. >> i have to pay tax, rent. everything. employee. >> reporter: owner of u.s.a. nails said she already laid off one worker and put another on part-time status because of the outbreak. >> i don't know how long it is going on like this. and how long i can handle this business. maybe one month or two months. three months i have to close down. >> reporter: businesses turning to their associations as well as city and state lawmakers for help to stay afloat in an unpredictable time. >> we delved would encourage our mayor to look at free parking. >> hoping there will be assistance for small business

remain open after the company closed certain parks in asia until further notice small businesses are also struggling. >> this is prime lunchtime. >> reporter: sam says there is a 50% drop in foot traffic at his family's chinese restaurant. >> if this continues, i'm not even sure how long i can survive like this. >> we need to think about helping hard-working individuals that want to go to work. some of them are showing up to work and cannot get paid because there is no customers coming in. >> reporter: as for the millions of americans who don't have the option of working remotely, like service industry employees and gig economy workers. >> i am very scared today, especially today. >> reporter: the idea of not being able to bring home a paycheck can be daunting. >> stephanie joins me now. we've been seeing a lot of roller coaster days but that was a big, big drop today. should we be concerned? >> lester, concern is fair but it's not a time to panic. we're not facing a financial crisis today. what we're facing is a public health emergency and the underlying economy is strong with patience we'll see that strength again. i said treat your 401(

asia have often been the first to react. they're opening for a new week. our business reporter mariko 0i is in singapore.e. let's see why. there are a couple of reasons. firstly, america's central bank is ramping up efforts and it's promised to do something that it's never done or, even during the financial crisis of 2008. it's promised to buy as much government debt as possible. so that news is being welcomed by investors. they are hoping the us stimulus package will get him proved since the date lay on the weekend and that's why we are seeing asian markets higher. it looks like wall street will open higher this evening. that doesn't mean volatility is over. we are starting to get really dire warnings. that the gloomy recession we are about to face is going to be as bad if not worse. if you look at various sectors from aviation, auto, filmmaking. we are seeing a lot of impact on those sectors and some dire figures of how many jobs may get lost during this outbreak. the south african president says he would impose a nationwide lockdown as part of efforts to contain the upgrade. they will be allowed to co

of the coronavirus is unprecednted and the markets in asia have often been the first to react — they're opening for a new week. our business reporter singapore. ali looking at the moment?” have to say, it is a bit of a mixed picture. the japan nikkei has opened slightly higher because it was partly the case because it was partly the case because it was close for a public holiday on friday so didn't get to react to the announcement of the few stimulus measure from the united states. if you look at other markets in the region, like south korea and australia, we are seeing a sharp fall. if you look at the us futures, we are seeing a fall expected for monday's opening later today as well. as peter was talking about, a lot of uncertainty about, a lot of uncertainty about how long this pandemic will continue but also how these shutdowns across the world could affect the economy around the world. and now, we're talking to economists who had initially said, maybe we could avoid an economic downturn but now they're saying, it is just a downturn but now they're saying, it isjust a question of when and not if when at the world will fall into

questions remain aboutjust how far asia's economic giant really is from resuming anything like normal business activity. 0ur china correspondence stephen mcdonell reportsust go like that and these gloves. and hand sanitiser and the like, this is after all, a food processing place. —— giving us these hats. well, just as he was starting to tell us about the potential of it coming in from another country, going to current income officials told us to stop talking. well, thanks to stephen mcdonell there. i am well, thanks to stephen mcdonell there. iam kasia madera in london. and i'm sharanjit leyl in singapore. the coronavirus has hit social markets does not financial markets, it could be a —— financial markets, we speak to jim rogers, perhaps it could be a good time to invest? don't forget the next edition of newsday is coming up, thanks for watching. goodbye for now, though. hello. 0n hello. on tuesday we had a temperature of 16.5 degrees at kew gardens and cambridge are making it the warmest day of the year so far. for some southern parts of the uk, the air originated all the way from the azores, hence that bit of warmth. further north, it is cooler and

reports that, experts fear a second wave of coronavirus across asia and beyond. the financial times focusses on the british finance minster‘s plans to help businesses, by delivering rescue package for companies. usa today praises several supermarkets for setting aside shopping times when seniors and other groups at risk from covid—i9 can shop on their own. and, under the headline "wedded miss", the sun report on what it calls "coronavirus chaos" as the church says weddings will be limited to just five people, prompting the question, is this sufficient to celebrate the best day of your life? we normally have a guest in the studio to review the papers with us but because of the coronavirus outbreak the bbc has decided to implement a little social distancing. so, this morning we're talking to our reviewer from the comfort of his own home. what a lovely home it is. he's david buik, market commentator at core spreads brokers. thank you very much forjoining us. thank you very much forjoining us. it is a shame you aren't here with me, i often enjoy your company but we can get on with this through the magic of technology. let's start with the independent because of cours

reporter: nina joyner, longtime oakland resident and business owner is working hard to keep her business afloat during the coronavirus. >> a lot of the products that are not locally sourced are coming from asia>> reporter: what she does have wasn't flying off the shelves. there's a lot less foot traffic because of the outbreak, but she's using technology to market and move products. >> just like other agencies, food agencies, companies who deliver food to their clients. >> reporter: down the streets, the lights are off at the often busy buffet fortuna. >> many have to prepare every day, every night. >> reporter: at pacifica renaissance plaza, more evident of the virus's economic impact. the banquet hall now dark. >> reporter: swan lee, owner of usa nails in oakland said she's already laid off one worker and put another on part-time status since and because of the outbreak. >> i don't know how long it's going on. and how long i can handle this no business. maybe one month, or two months. three months, i think i'm gonna have to close my business down. >> it's hard to drive along these corridors. and people are concerned about the stock market. concerned about cruise ships. but being someone wh

are allowed inside but other countries in asia are tightening their rules of the same time florence though it has a report. shopping malls and retail business has slowly reopening in the new hard since we where the coronavirus 1st emerged but everywhere there are reminders that these are still different times a sign advises shoppers to wear masks and keep the safe distance from others know how you know just how much i'm very excited because who has been shut down for a long time through one international plaza is very representative of the city so it's reopening really makes me feel the city is coming back to life. before people are allowed in their temperature is checked and they have to show a mobile phone code that certifies they're in good health china has reported a drop in new coronavirus cases for the 4th day in a row. after restrictions on foreign travelers reduced the number of imported cases but elsewhere in the asian region countries are tightening their rooms astray as to most populous states new south wales and victoria are limiting public gatherings to just 2 people from a previous limit of 10 in vietnam the prime minister has

asia. wewe have to wait anand see how situation develops. >> reporter: with no end in sight to the coronavirus crisis and the strict border and quarantine controlols containin movement, many of hong kong's businesses struggling with how to respond. nhk world, hong kong. >>> today's onslaught of pollen triggered advisories across the country. let's take a look at weather conditions with jonathan oh whose voice is an octave lower today. >> just a little bit because of that hay fever situation that's been taking place, i know. but otherwise yeah, we're seeing this dry weather that is continuing to be a big part of the story, but it will change as we head into the weekend. we have a front moving through with some rain coming in from the south and west, so that's going to really bring some wet weather into the picture. but for those of you who may have been trying to get from one place to another nearr the rive inin tokyo, you might have seen ththis. take a look at t this video. you will be seeing t this rtrticularigight and t this is littlele bit earlier than what typically see when it comes to the cherry blossom season. it's not officially announced but the flowers are starting to come out and about

reporter: small and midsize businesses worry about what happens next. >> translator: some of our customers are demanding that factory owners move part of their production bases to sosomewhere like southeast asiat and see how the situation develops. >> reporter: with no end in sight to the coronavirus crisis. and the strict border and quarantine controls curtailing movement, many of hong kong's businesssses are s struggling w how to respond. nhk world, hong kong. >>> for our final report, we go to wuhan, where the coronavirus pandemic first broke out. the city has been under lockdown since january. one man has been posting reports from the deserted streets. he's a videographer who has volunteered to help during the crisis. nhk world spoke to him to find out what's motivating him. to protect his privacy, he asks to be own only by his family name, lin. >> reporter: lin's posts, called wuhan diary, began on january 23rd, and have garnered more than 5 million followers. as a volunteer driver for medical staff, he's seen the impact the coronavirus has had on daily life. lin interviewed dozens of volunteeeers including a barber who is going into wuhan's hospitals to cut doctors' hair. >> reporter: h

businesses has been severe. this week, several companies reported quarterly earnings that in many cases announced a dip in rockets. -- profits. our roundup begins with one of asia'sminent airlines. >> let's turn to cathay pacific, tumbling 28% last year and more pain appears on the way. airlineg's flagship says it expects to post a "substantial loss for the first half of this year." looks like a pretty dire outlook based on their statement today. >> they are in a dire situation at the moment. saids the industry, cathay in february, they have to cut capacity by 30% and in march and april, 65% of capacity has been cut. they are looking at further cuts probably into may. that is really bad news because we get into the travel season and things might have been better for cathay this year with protest subsiding toward the end of the year but with the coronavirus, it has really become a serious problem for not just cathay, across the industry. says it could take a first-quarter revenue hit of up to one billion euros as a result of the coronavirus. in sports brand said sales china were 80% below 2019 levels from january 25 through the end then,ruary, but since stores and

likely to be severe for asia's number three economy — which was already struggling with its weakest growth in more than a decade. as our india business correspondent nikhil inamdar reportsecision and ballpark estimate seem to suggest india could lose as much as 100 two 120 million dollars is 80% of its economy grinds to a halt. the continuation of essential services would mean that about 20% of india's economy would function but even here, there has been chaos due to a lack of co—ordination between central and local authorities, leading to heavy disruptions in the suppliers of drugs, essential commodities and vegetables. several reports of police using a heavy hand, trains and trucks not being allowed to pass and harassment of those delivering essential supplies are now coming to the fore. in fact, even some companies have complained about their ability to deliver being triggered by local authorities despite guidelines being released after the prime is the's speech explicitly allowing deliveries. what we've heard from the pm and various local government safe is not related to the ground level. we have seen that a numberof ground level. we have seen that a number of dist

paul: asia economics reporter, michelle jamrisko, thank you so much for joining us. a quick check of the latest businessina's number two online retailer sees a quarterly revenue growth above 10%, while saying that it is a prisoner estimate given the rise of the coronavirus. jd.com reported fourth-quarter income of almost any $5 billion, topping the highest estimates. however, 10% growth is less than half what analysts were expecting for the current quarter. twitter is advising its nearly 5000 global employees to work from home because of the coronavirus. it made the suggestion in a blog update the day after suspending travel.ritical work the ban includes withdrawing from the sxsw conference later this month in austin. twitter says the work from home policy is mandatory for workers in hong kong, japan and south korea. hyatt hotel is pulling its financial guidance for this year because of the coronavirus. it says new corporate travel restrictions are hurting performance and making it hard to forecast for the rest. of the year high it says it has only limited ability to assess the financial impact of the o

asia pac. keep it here with us. this is bloomberg. ♪ haslinda: welcome back. here's the latest business flash headlines. china's number two lender reportsher profits from last year, improving its defenses against potential losses from the economy at the start of 2020. construction income rose to $30 billion, slightly better than the average estimate in a bloomberg survey. they seem to whether the trade war and the economic slowdown from the virus. sinopec has refiner reported four-year earnings down 7% as the rising fuel glut on the mainland hits office. net income jumped $8 billion last year from 8.6 billion in 2018. operating profit fell 44%, highlighting week domestic demand for fuel. chinese electric vehicle maker byd is planning to offer a full range of parts to its rivals in an attempt to diversify revenue sources. companyen buffett back sells complete cars but would also offer competitive batteries, powertrains, and lights. byd has been china's leading maker of alternative energy for at least the last -- yvonne: taking a look at your movers here today in the asia-pacific, we are heading mostly lower but we have seen some standout

asia, but it is reducing service to the u.s. and u.k. that is your bloomberg business flash. matt: laura wright in london with your business flash. shiffler has reportedrevenue 14.4 billion euros. the german autos supplier says it expects revenue growth this year of between -2% and zero. that's not really growth, is it? revenue contraction this year .etween -2% and zero shares currently up 3% in the premarket trade. joining us from music is the ceo of schaeffler and i'm assuming the forecast for contraction is a lot to do with china and the coronavirus. how severely is that impacting your business? klaus: good morning. good morning from munich. the coronavirus is clearly a challenge. we are showing numbers today that are better than expected for the year 2019. it is not only topline what counts, it is free cash flow and we have shown in 2019 that we are able to generate significant free cash flow even better than expected. that gives me confidence we will also cope with the unexpected situation now with the coronavirus. knowch a situation, we all forward-looking statements are somehow a working hypothesis. our guidance says -5% for the auto sector in

asia reporting carl >> eamon, i'll take it thank you. i want to turn back to the broad impact of the coronavirus on industry across the world including, of course, the movie theater business the ceo of imax joins us now on the phone. richard, let's start off with the basics how many of your movie theaters around the world are open right now if any >> there's about 150 open, all internationally. i think there's one or two in the u.s. maybe still open. the biggest territory still open is russia with about 50 screens. >> okay. and let's talk china, because we bring you on many times and we always do end up talking about it since it's an important component of your overall business things are getting better there. things are opening up. when do you think you're going to have screens beginning to open again in china? >> yeah. i mean, david, because this happens in china before the rest of the world and because we have a sizable business there, we got an earlier dose of reality than many people, and whileit wasn' pleasant at all and still isn't, we have an early look into how this thing might run its course. so where it's at now in china is about 21 multiplexes are open. none o

asia. haidi: europe remains in the grip of the coronavirus and italy and china have reported deaths. china is returning to normal. the premier says most of the country is low risk. u.s. businessth well retailers in korea. we are live in seoul, korea. haidi: we have an alert on the bloomberg. jp morgan could be returning to work mid april. diamond has undergone emergency heart surgery and we now hear he might be back to work mid april. let's get to the market action with sophie in hong kong. week for assets across the board. rough moves for stocks and bonds. higher.an shares, moves 5000 level. worse for the asx 200. morgan stanley cautioning early estimates for a 10% drop could be conservative. movingl, korea, kospi higher by 3.2%. closing 8% lower. stack in focus. gains of nearly 4% after a low in south korea. and yuan gaining ground. afternoon.t for this bonds to be of bought by the be ok. europe remains the focus of coronavirus with italy overtaking china in reported deaths. fatalities have reached 3405 with more than 41,000 people infected. u.s. businesses increase calls for government health -- government help including relief on tariffs from chinese imports but trump say