italy is on nationwide lockdown. >> there will not be anymore zone one or zone to in the country. it will be italy. italy is a protected zone. all movement across the country is to be avoided unless three specific circumstances. reason of wk, reason of necessity, or health reasons. amy: we will spend the hour on the response to the coronavirus around the world. we will speak with thomas boyd and-- thomas bollyky alfredo morabia. we will go to italy to speak with a student in quarantine and ask about life in the red zone and we will talk to the marshall project reporter keri blakinger about fighting the virus in prisons where key supplies like alcohol-based sanitizers are banned. we will go to washington state and talk to an undocumented immigrant organizer about domains to protect thousands in detention centers around the united states. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. coronavirus cases continue to surge worldwide. the death toll has topped 4000, with over 113,000 confirmed infections. italy is now on nationwide lockdown

italy sooner rather than later. experts warn massachusetts is smaller than italy. it has 100 cases. there were 159 cases in italy two weeks ago. that's where we are heading. we have to move now to prepare hospitals and ramp up testing. joining me, dr. zuhdi jasser, he served 11 years as a medical officer in the navy. what is your sense of this. you look at boston. it's being compared with italy which is truly a disaster. >> we are learning somebody every type we find out more information about clusters. there was a cluster in boston. i'm not sure the analogy with italy necessarily applies. italy has 25% of its population over 65. many of the deaths are people who are immunocompromised. it was an executive meeting of drug companies and others doing this work. they quarantined and got the information. they were on top of it. it shows you how much we have to be on top of social separation. making sure we do everything we can to slow down the 6-7 day doubling in the population. once you flatten that curve you increase county impact of what happened, happening in italy. the president's declaration of a national emerg

it is difficult to say now because italy is obvious he playing the first three games in italy. —— italyans be allowed to come? will other friends from europe be willing to travel to italy —— fans? will they be allowed to do that? there are also, let's say, potential solutions coursing around in italy now. the cop italian final taking place... means after euro and after... there is a season. onto football, and manchester united are the last team through to the quarterfinals of the fa cup in england. they cantered into the last eight, winning 3—0 at championship side derby county, where luke shaw opened the scoring after 33 minutes. that was only the second goal of his professional career. just before half—time, shaw turned provider — setting up odion ighalo for united's second of the match, and his second for the club sincejoining on loan from shanghai shenua. but he wasn't finished, and neither were united. midway through the second—half, the nigerian striker scored again, completing a 3—0 victory. united will be away to norwich in the quarterfinals. we are through. that's the main thin

in germany right that's that's always the big thing and it's a completely different situation to italy italy really needs this help from the e.u. germany's in a cushy position and this shows how dire the situation really is for companies and businesses and consumers because if people are being forced to stay home and not work at the local have the money to spend businesses are closing down clubs are being forced into bankruptcy and we're already seeing the big companies take on. this help lift tons of saying that it's going to apply for aid from germany not just germany switzerland austria belgium as well baritones airlines we're talking about companies in a really tricky position right now we're looking at and of course economists are all arguing about this but what we're looking at what could be the next big recession we had one it it's still in the rearview mirror right how would you compare the financial situation now to what we saw in the latest crisis of the global financial crisis was all about dodgy loans the banks were bailed out if you go back even further to the asian financial cr

government and company debt across the eurozone, especially that of italy and greece, which are in the greatest trouble. italy has italy has suffered italy has suffered the italy has suffered the highest italy has suffered the highest number of deaths in a single day since the outbreak began in china last december. freya cole has this report. it's an unusual sight. sweeping views over paris which revealed the lot down in full force. familiar landmarks deserted stopping the once busy streets, abandoned. at least 250 million people across europe are in lockdown and it is causing economic panic. the european central bank has issued a call for calm. it has held an emergency meeting and its solution is an $820 billion package to buy public and private assets curb skyrocketing debt comes italy's darkest day yet. it is now poised to overtake china as the worst affected countries. deaths continue to spike despite a stringent lockdown. hospital resources and medical staff are overrun, with no respite insight. worldwide, there is a desperate rush for hospital ventilators. this swiss company says it is working overtime to meet th

italy. italy possibles prime minister starting that news conference in rome a moment ago is saying that italy's a startling confession in light of what is going on there, but northern italy in particular has been quite seriously affected by the coronavirus and the figures that we mentioned, 107 people of god died in italy and when i mentioned the other announcement that came from the education department in the past few moments that universities right across the country will close from thursday until the 15th of march. so some seriously significant measures being announced in italy and the prime minister now acknowledging that the health service has been overwhelmed by the coronavirus. more on that to come in the ever come but turning our attention to other news. it's an criticism that they pursued a show trial. the outcome of the investigation will not be made public. the duke and duchess of tort mental health and duchess of tort mental health and social justice charities and duchess of tort mental health and socialjustice charities on the second day of the visit to ireland. the roles are give

public about new cases reported in europe a huge spike in cases italy italy on lockdown sweeping quarantine affecting order of the population italy could be justified in promoting a lack of unity from the e.u. neighbors earlier this week the italians pleaded with brussels for more help rome should not be left out of this crisis alone this is a crisis that requires a global 1st and foremost a european response we are thankful to the european commission for its positive engagement but it's time now for the e.u. to go beyond engagement and consultations with emergency actions that are quick concrete and effective while the european commission announced a multi-billion euro aid package for member states to help them deal with the crisis there was no specific date for italy announced leaving the hardest hit in europe to rely on the hardest hit in the world for the aid they sorely need not forget that italy supported china during the most difficult times of fighting the pedantic now we also want to stand by the italian people although china still has a large demand for medical supplies we will step up our efforts to export urgently nee

italy has 59,000 cases . italy has the highest the full from the virus, almost 5500 deaths have been reported . help for italy is coming from other countries, cuba sent doctors and nurses to italy over the weekend to help fight the pandemic . russia is also helping italy, sending nine cargo planes loaded with healthcare workers, medical equipment and aerosol disinfection trucks . >>> is the number of coronavirus cases continues to grow rapidly, more countries are introducing travel bands and introducing physical distance measures . >> reporter: as the pandemic sweeps throughout the world officials are cracking down on restrict an effort . germany is banning gatherings of more than two people, except for families . the chancellor answers quarantine herself after learning her doctor had tested positive . >> the overwhelming majority people understand it is now down to every individual . that everybody can and must do their bit to stop the virus . >> in the uk, hundreds were out in public even despite measures to stay home . tougher measures could be introduced if they don't not follow the social distancing advi

italy. everyone singing italian songs. reminding you of our top story in italy. italyworst single day total worldwide since the pandemic began. hello there. there is a lot of fine and settled weather in the forecast right across the country. but we will see subtle changes in the north—west. as high pressure hold on for most of us, this weather front will encroach in to bring more cloud, outbreaks of rain to the north—west and also fairly strong winds. the rainfall amounts really could mount up here as we move into next week. but for most of us it's going to be settled, thanks to that area of high pressure. so dry for most with a good deal of sunshine around. we'll continue to have a chilly wind, certainly over the next few days and nights will be cold, with some frost around. now, as we head into the early part of sunday, looks like we could see some low cloud just rolling in off the north sea into the north—east of england and into eastern scotland. a bit more cloud for the west of scotland as well. further south, though, clear skies. it's going to be a chilly one and

italy sooner rather than later. experts warn massachusetts is smaller than italy. it has 100 cases. there were 159 cases in italy ago. that's where we are heading. we have to move now to prepare hospitals and ramp up testing. joining me, dr. zuhdi jasser, he served 11 years as a medical officer in the navy. what is your sense of this. you look at boston. it's being compared with italy which is truly a disaster. >> we are learning somebody every type we find out more information about clusters. there was a cluster in boston. i'm not sure the analogy with italy necessarily applies. italy has 25% of its population over 65. many of the deaths are people who are immunocompromised. it was an executive meeting of drug companies and others doing this work. they quarantined and got the information. they were on top of it. it shows you how much we have to be on top of social separation. making sure we do everything we can to slow down the 6-7 day doubling in the population. once you flatten that curve you increase county impact of what happened, happening in italy. the president's declaration of a national emergency is so

italy, china, a and -- dr., help me out. >> italy. >> i'll get it back in a second. italy. italy. a country i know and love. and italy, we'll start there, italy has taken some quite extreme measures to keep people separated. they've issued public warnings, public health advisories people aren't supposed to kiss. they've closed all of the schools and universities for about ten days. they have imposed a lot of travel restrictions for people to come in and out, particularly in the north. so they're taking this very seriously and now we're starting to see concerns going forward as easter holiday is coming with just today the vatican even reported it found its first case. so will there be mass at st. peter's square come easter sunday? so italy's already taking it very seriously and it has been incredibly disruptive for the italian way of life, the italian economy and there is a great deal of fear associated with all of the actions in italy. i speak to italian friends particularly in the milan area, people are very nervous. they're starting to feel the bite. if you see the images of piazzas in italy, there's nobod

italy italy is a fuel there is a do not know the 1st game what was 10 days including the danger here10 days in a hospital will do this if people do it on the simplest i'm doc it was a virus distribute 10 days is a long dark and civil war scare on iraq. we only have like a minute or 2 laps and we may just sort of perhaps. get a little rest in managing 1000000 dollar question but 2 questions when using it will it end and how soon are we going to get a vaccine i think it's. within 6 months like. china. at the end you go. what do you mean i think some old get it will need a year in the midst of the world was it was an. amazing speaking. of those questions that are bothering everyone. stay safe stay home still might. join me every day on the alex salmond show and i'll be speaking to guest on the world of politics sport i'm sure. i'll see you then. media a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being. direct. what is true what is faith. in the world corrupted you need to descend. to join us in

all over italy italy is a few and there is a do not know the 1st game what was 10 days into doing a dangerhere 10 days in your regular hospital was blue will do this if people do it on the simplest of doc it was a virus distribute 10 days is a long dark and civil war scare on iraq. we only have like a minute or 2 laps and even we may just sort of. give a little rest to me and it's a 1000000 dollar question but 2 questions when using it will it end and how soon are we going to get a vaccine i think it's. within 6 months like. china . if you know of any. one i think some all get a year in the midst of the world was and was and. michael thank you so much for this wonderful insight into raising speaking and hearing the most vital questions that are bothering everyone right now stay safe stay home made also my. trade and investment to become magic spells to conjure economic development. most people think about trade they think about goods and services being exchanged between countries and the in fast chapter of a trade agreement as about something very different but what one investment leads to

italy. that's why you keep hearing people talk about italy like it is the bogeyman in this story. that's why new york officials in particular are sounding the alarm about the mirror between new york cases and italy, about how the steep rise in cases in new york now foretells a crush in hospitals here coming very, very soon, just as we have seen it play out in realtime in northern italy. there's some good news, though, from italy as well today. and it is smaller-scale good news but i will take good news where i can get it. the town in northern italy that recorded the first death from coronavirus is a town called vo. that i can remember. v-o is the name of the town. it's in the venetto region. forgive me, i don't speak italian. my pronunciation is terrible. but there are about 3,300 people in that town of vo where they had the first deaths. and they did a study with the local university, and they decided that what they were going to do in that town is that they were going to test every single resident of the town. 3,300 people. they tested everybody. they got 90 positive tests. including at least half a dozen people who were completely asymptomatic and would never have been otherwise identified ha

italy itself is even better. northern italy, the richest part of italy, not some backwater, when it comes to advanced medicine, or advanced anything. i mean that's where they make the most expensive yachts in the world. that's literally where they make ferraris. and there are big modern hospitals there, full of lots of fully-qualified doctors and world-class equipment. and there, that place, is where they're now losing more than 300 people a day. 475 deaths in the last 24 hours. chico harlen wrote this for the "washington post," and the last line, it will put your heart in your throat, quote, even as lockdown measures have gradually slowed the number of new cases, the country's death toll has exploded, more than twin ling in t , tripling in the span of a week, exponentially in the way that mirrors the growth total cases earlier this month, as people lose battles with the disease after several weeks. today the government of the hardest hit lombardi region said that medical facilities there will soon be unable to help the sick. quote we will soon be unable to give a response to those who fall ill. we will be unable

italy hit out at the package emmanuel macron said the measures are not enough while italy's prime minister said the central bank's task is not quote to hinder but to facilitate. joining us now is the former ecb chief economist peter praet. was she like her point is not there to answer to markets but doesn't the ecb need to pay attention to markets when equity indexes are posting the biggest crash on record? peter: indeed, that is always in the minds of monetary policymakers. people quote the whatever it takes of mario draghi, let's not forget it was proceeded by the head of states and governments. had some wait until he signals from policymakers about the deepening of the union. what is different in the script of what happened yesterday is the signals from other authorities were quite weak. what we needed is such signals would have been given for the press conference of christine lagarde. you need a coherent response. in her communication, it was quite a difficult, because she did not have the signals mario had. that's a big difference. now they are trying to correct it. i hope the macron declaration will be followed by signaling from politicians. i guess berlin is one of the voices you are not hearing. we have reported that merkel's government is ready to abandon that black zeros, its policy of not going into deficit. when do you expect to hear from berlin? peter: things are moving rapidly. my understanding is that there will be a strong signal. i think it hope it will be followed by key countries like germany. that is a bit what happened yesterday. i think the package of the ecb is quite strong if you think about credit and banking channels. i think the communication issue came about credit spreads and not sovereigns. markethe reaction of the and i can understand that. but to really have an action on sovereign spreads, you need a very strong signal from politicians about solidarity. not only the central bank can do it alone. even an asset purchase program has limited impact on spreads if it is not backed in general. it is not only mario draghi that did whatever it takes, it's the support of political bodies at that time. matt: absolutely. i heard a lot of concern yesterday about small businesses that only have enough liquidity to survive one month or two and are not sophisticated to access financial instruments like tltro's. what needs to be done to stave off a wave of failures in such businesses? >> seeing what was communicated yesterday in france, it is a benchmark of what has to be done in other countries. basically, you deal with government guarantees and the combination of central-bank provisions. are the banks of the sme's and government guarantees. none of these measures are being taken today. is ais lacking now coherent communication to the market as well as the national and european levels. was the unfortunate lack of strong signals vis-a-vis italyaly has major shocks, other countries are in the same situation quite soon and i think the coherent response of government is something that was lacking. christine lagarde had this problem in the press conference because she started in an environment where the fiscal response was quite weak, actually. that has been the problem. matt: can i quickly ask you about the u.s.? is there concern that a fumbled response to this epidemic with measures such as a travel ban or a lack of testing equipment and preparedness turns it into a financial and economic crisis? peter: yes, i think it is a real issue. today is the chinese in china, the epidemic is more than it seems. sequence whereof it goes from one continent to the other. now, it is europe and the next would be the u.s.. that is the market perception. reaction,ave a strong we heard australia turn in the market quite rapidly. inability tois come with strong signals to control the disease. considerrkets would the relatively temporary shocks,

italy was very bitter about the european approach so father of a foreign minister of italy who did he most said that there's not enough what europe is doing. underline no it's trying to show the opposite there will be no medical stuff no doctors from the e.u. because they you does not have this it's only it's only in a common effort to manage the supply of medical goods but that 20 to 30000 cases now in all over europe in 3 thirds of that still in italy. now just in terms of cooperation all 27 edu countries have confirmed cases of the virus is really is now a europe wide outbreak how well are either you countries working together in your opinion well we have to say that the cooperation really is not going very well at the moment there are a lot of how shall i say national it goes i'm so involved a lot of people a lot of countries saying you sort of my country 1st closing borders within the european union and so on the german foreign finance minister said today that in terms of finance in terms of german activity germany would think also of other european countries but if you look at what ben was just mentioning there's export ban on medical supplies produced in germany that is not exactly a very co-operative signal in the end i think what you have to say finding cooperation within the european union is a very very difficult matter we've seen how difficult it is on the refugee crisis situation and on this situation the coronavirus sit

that's different is the government is trying not to make it look like italy. italy the contagion spread before it shut down the country. what we have seen is the healthcare system actually cannot handle all the cases coming into the hospitals. so the idea is, if you can contain, you can flatten the curve. we talk about the curve in the treasury market but we also have a curve in terms of number of infections. you put some probability that some will need to use the hospital system you need to flatten that out and extended out as long as possible. what happened this week was the understanding that the contagion was coming here because there is a lack of tests and information, you can't put a number on it. so what we lack a lot of numbers on this, a lot. gerry: for the real economy, does this mean recession a? >> we have a 60% chance of a recession sometime this year. jack: you mean to contact a course of negative. >> we took call that a technical recession we are probably headed towards one of the monch of marth, certain by the second quarter. some people think we are

that's different is the government is trying not to make it look like italy. italy the contagion spread before it shut down the country. what we have seen is the healthcare system actually cannot handle all the cases coming into the hospitals. so the idea is, if you can contain, you can flatten the curve. we talk about the curve in the treasury market but we also have a curve in terms of number of infections. you put some probability that some will need to use the hospital system you need to flatten that out and extended out as long as possible. what happened this week was the understanding that the contagion was coming here because there is a lack of tests and information, you can't put a number on it. so what we lack a lot of numbers on this, a lot. gerry: for the real economy, does this mean recession a? >> we have a 60% chance of a recession sometime this year. jack: you mean to contact a course of negative. >> we took call that a technical recession we are probably headed towards one of the monch of marth, certain by the second quarter. some people think we are

italy and i want america to know why we need to look at italy so closely. we have a chart i want to show you that shows how similar the timelines are between the united states and italy see right there comparing the u.s. and italy, eight days after italy reported its first coronavirus death on february 22nd, the number of reported cases surpassed the 1,000 mark. four days after that, italy closed schools nationwide. compare that to the u.s. it took eight days to go to 1,000 reported cases yesterday and today more than 1500 schools nationwide have closed or scheduled to close. in other words, again, our growth chart very similar to italy's. italy has more than 800 deaths. i hope we do not get there. that's why we need to look and be careful that that's not what happens here. in the meantime, president trump warned elderly americans about the risk of coronavirus. this happened in his prime time address last night. what should you be doing to keep yourself and your family if you're older or younger. >> joining us now dr. morrison from cedar sinai imt you're getting so many questions. i'm going to dive into some of the questions you stay you're getting largely from older

italy, italy was always judigd too to fail. it is groaning already under the strain of the coronavirus. it i going to need help. the eurozone is going to need help. and so we are expecting to hear more measures. that will be taken. it is one of those situaons where, y know, the european union is an artificial construct. it's somethingy that m in the e.u. really believe in. but, of course, for political leaders, they're putting their own nations fst but it doesn't mean they're turning their back on the e.u. as a whole. one example is the sharing embetween ther states of protective clothing, like face masks, for example, ventilators which e.u. leaders have, after a rettle bit of disent at the beginning but they have agreed to share amongst themsenes. we've sne million face masks arriving in italyfor emple, through germany. i think it's too early to write off the european union or the eurozone over the coronavirus but strains and pressures, there certainly are. >> very u vful. thank yy much indeed. we've begun with hugh in paris, katty in brussels. next we move to the u.s. in the last hour or so, president trump said his administration -- to blunt the spad of the infection. here he is speaking at the white house. >>hewe much rather be of the curve than behind it. that's what we are. therefore, m administration is recommending that all americans, including the young andealthy, work to engage in schooling from home when possible, avoid gathering in groups of more than 10 people, avoid discretionary travel, and avoid eating and drinking at bars, restaurants and public food courts. if everyone makes this change or these critical changes and sacrifices now, we will rally together as one nation, and we ll defeat the virus and we're going to have a big celebration all together. >> let

business overseas in the army is restricting soldiers from traveling to or from south korea and italy. italy has now surpassed south korea as a country with the most coronavirus cases outside china and is now restricting movement within the entire country except for work, health, or emergencies. >> now that the virus has a foothold in so many countries, the threat of epidemic has become very real. >> today the centers for disease control and prevention warned that many people here in the u.s. are likely to become infected over the course of this year and the next and while the majority of those cases are expected to be mild, cdc officials say it's important to look out for the elderly and those with underlying health conditions who are most at risk. and some breaking news to tell you about, organizers of the st. patrick's day event in boston say it has been canceled amid concerns of the coronavirus outbreak. >> bret: that is serious. i bet we will hear more of that. thank you. as mentioned, we are here in dearborn, michigan, for tonight's fox news town hall with democratic presidential candi

italy. 2.2 million americans fly to italy normally every year. that won't be happening this year. so the effect locally is bad. for example, the famous opera house in milan is closed. it is losing $1 million a week. and nationally well, italy won't just tip into recession. it's going to probably crash into recession. and that would be italy's fourth recession in 12 years. the short answer, chris, is this country is now being hammered. >> yeah. thank you, bill, for that. diane, some of the statistics are sobering. for example, the average american takes three flights a year. what if they decide not to fly vacation. what if businesses say you're going to teleconference? americans spend $19 million on gym memberships. what if you don't want to go a place where somebody is sweating. if somebody sneezing, there you are. netflix pulled out of south by southwest in austin. conventions, festivals, pump billions of dollars into the economy. even the james bond movie has been delayed. so i guess, can the united states or at least some sections of the united states expect to see what we just saw from bill neely in italy? >> unfortunately, we do see this as an economic pandemic. it's global in scope, and what's happening abroad is now

italy leading a sort. break of the e.u. and wanting to withdraw because in our discussions among the people and differently from other countries of the south we do think that italy there are a lot of people that think that italy might be well off better on its own if it has to constantly. come from the e.u. with its restrictions on the way we manage our public that ok we must leave it there thank you to our guests julia fabrice party and thorsten ben and thank you to you too for your company you can see the program again anytime on the website al-jazeera dot com and for more discussion check out our facebook page facebook dot com forward slash inside story or the conversation carries on on twitter that's at a.j. inside story or tweet me i'll tweet you back i'm at peta dubbing one for me peta dobby and the team here in doha thank you for watching the show we will do it all again at the same time tomorrow i will see you very soon. join the listening post as we turn the cameras on the media india has more than 424 hour television news chops morning talkers and focus on how they report on the stories that matter the most to states misleads the public the state be here reflects the. climate change poll their edito

was starting to work. 0ur italy correspondent, mark lowen, is in rome. sophie, italy hasjust sophie, italyn cases since the outbreak began. tonight, all catholic churches across rome are being closed, unprecedented in modern times. alone, of course, with the closure of shops, restaurants, schools and a raft of other venues. the milan stock exchange has just had its biggest ever one—day fall. the economic impact is huge, and of course the impact, also, on a very struggling health care system now. when i spoke to the italian foreign minister today, he said there should bea minister today, he said there should be a single european unit, coordinating the resupply of all hospitals and clinics across europe in need. but he also sounded a note of optimism. he told me that in ten towns in the north of the country where the first restrictions, the red zone, were imposed, there have been no new infections. he said this is the way to beat the virus. it is a model that is being rolled out across italy and elsewhere as well as they are echoing measures in italy. this country is now a laboratory, a test

italy canada and denmark the dog teams are expected to arrive in nome in about 9 days. a quick reminder now of our top story. italy has ordered one quarter of its population into lockdown in an attempt to contain its rapidly expanding outbreak of a new coronavirus the quarantine affects much of northern italyand includes the cities of milan and venice cinemas theaters and museums missions wide are closed. you're up to date now on news american and steam from me and the entire team here in berlin thanks for the company. is the human race to destroy so. you're running the basic school systems.

italy italy is also one of the weakest countries economically right now. how concerned are you that this could be the straw that breaks the camels back, so to speak when it comes to finances, yes, it is a worry. it comes to the eu to be lenient. they are not going to launch a deficit procedure. we have been warning about a possible debt crisis given the weakness in u.s. corporate bonds. the trigger that could be raising the next financial crisis is a slump in growth. we could see an un-ralphing of bonds. it is a dense global growth, that is a big concern we are having >> looking at the political implications from the outbreak she's concluded that this could have a positive impact on political relations and a positive impact on the uk, eu relations. what is your take here >> it is a little difficult, if you think about the trade negotiation that is starting now. i kind of feel we have lost momentum compared to last year it has to start the stance taken by the uk fairly, fairly hard. we have to see if the outbreak is going to make things better between the two parts. i'm not sure what it will do in the background that will not be as much in the headlines, so maybe it is for the better and i'm going to want to give up on the red lines because there is a health crisis in europe >> that is going to have consequences for the uk and europe >> the irony is that this just happened on the heels of another euro group meeting they wanted to agree on a seven-year budget. couldn't come to agreement all of a sudden, we are talking coordinated response where was that intention last week it was just a few weeks ago, we were talking about the budget. they couldn't agree on anything. >> absolutely. the point here, what we know about the eu, it reacts when there is real crisis i do think there is a political upside from all of this. i agree the tensions from the uk and the eu without the coronavirus are extreme. and it is not going to be a positive outcome i do think trade tensions are likely going to subside because of the health crisis we are facing there is a political upside, that will also manifest itself by the time the eu meets again on the budget. they'll realize they've made the show and will move on. >> what is left in the ecb's tool kit that could give markets comfort here >> i don't think there is much left they are not going to have significant impact the whole thing about appointing lagarde is the political fire power. she is going to step up the pressure on the countries and stimulus that is where we are headed to >> thank you to our guests >>> we'll be back and we'll leave you with a shot of how energy is faring and we'll be right back >>> welcome back to "street signs. i'm julianna tatelbaum >> and i'm joumanna bercetche. these are your headlines >> european stock markets rebound sharply with minors and tech stocks leading the rally. >>> european financials also firmly in the green after the top central banks say they are ready to counter act the outbreak president trump praises the rate cut taking another swipe at the fed. >>> travel and leisure recover after ryanair continues to slash flights. >>> and bmw ceo is keeping a close eye. >> we don't see any large interruptions yet but we are monitoring closely we'll see what will happen but currently, all of your plants are operating. >>> we are just getting some data out of the uk construction data. that has come in at 52.6 this is a big jump versus 48.4 in january we got the manufacturing pmis for february slightly weaker than the slash we have these construction numbers coming out showing uk builders have returned to growth after the election that is the latest in terms of uk data. >> you've got to see how much that strength will last. especially on the strength of the coronavirus. let's talk about markets, a lot of green on the board. trading nicely in the green after a lack luster session. the land over from wall street, very strong. the biggest jump for the dow we have ftse 100 just above 6,800. about 2.2% firmer. we have news about measures that they will be reducing and recommending for people to do. keep an eye on that. in germany, we have the dax up about 2.6% we're seeing companies that got beat down and recovering some travel names, lufthansa is staging some rebound industrials trading as well. cac is up and italy is very much focused on the ftse mib yesterday. it was one of the few spots of red on the board italy has reported the highest number of cases in the eurozone. it is a concern for the sme-based economy. we are seeing the rebound and some of the italian names that got hit are recovering names like unicredit are up. some stabilization for european markets. let's talk about currency markets here it is a big day when it comes to coordinated actions and expectations we have the g7 call taking place. also an executive board meeting being tabled right now by ecb president lagarde. keep an eye out on the measures that could potentially be announced and could be very significant. euro, we have trading slightly on the back foot the ecd did release a statement saying we are ready to use all measures let's look at that in a few hour's time. dollar/yen, we have a slight spot the pound we have trading slightly firmer versus the zl . dollar let me talk central banks. super tuesday not just for the p

and playing fruit and market.t an empty let's state in italy -- stay in italy, because they nationwide lockdown has been extended ere. northern italyrst hit by the outbreak. some footage from one affected town. this video was posted on social media. it shows military trucks carrying coffins of coronavirus victims to other provinces because localrematoriums are struggling to cope. steno thseni pvee eo doctor.d >> we are in full emergency with this coronavirus. our health personnel, nurses, and physicians are working around the clock, countless hours, to fight this incredible situation. we do not know how long ts pandemic will last. i havees twoges. the first one is for the general population. please stay-at-home. the second message is for whoever wants to help us. we are in desperate need of both nurses and physicians, together with ventilators, and dispositives for protection. anchor: another grim warning from a nurse working in a hospital from milan. this is her assessment. we are all working in a state of v.y high stress and tensi psychological tension has gone through the roof. unfortunately, we can't contain the situation. ther