mark price talking to victoria derbyshire.e train services which were previously operated by arriva rail north. the takeover was announced in january following widespread commuter chaos since may 2018 when the timetable was changed. passengers experienced regular delays and cancellations. 0ur correspondent danni hewson has been in manchester and has been explaining what difference it will mean for passengers. this morning's commute was the first real test of the government's operator of last resort which took control of the northern rail franchise last night. all the staff that work here at this depot in north manchester, all the trains are now under their control and it is a complicated franchise. more than 3000 services every single day. passengers have got used to delays, to cancellations and to overcrowding. they understand that there can be no magic wand waved, but i was talking to transport secretary grant shapps earlier and he said he understood that people wanted change. i think anyone who has been travelling on these

mark price, former trade minister. it's his birthday today, happy birthday to him.o prove it, it says hugo boss. i am now legally hugo boss according to the bbc legal system. good morning, hugo boss. i'm going to have to get used to it. hugo boss is a company, i believe and there is a small company called in swansea who are a business —— boss brewing. they tried to make a couple of trademarks for their beers and hugo boss sent them a cease and desist letter basically stop doing what they think is alleged illegal activity. i think it is a massive company taking on a little company and its not fair and nobody is going to confuse a beer with hugo boss, i don't think i would splash myself with heineken in the morning —— on my neck but maybe i will. i thought they don't like their name being used, they have sent dozens of these two small businesses, charities. what is interesting is the alleged illegal activity is use of the word boss stop yeah. the brewery is not the hugo boss brewery, it is boss brewing. so no one can use the word boss according to hugo boss. no, and n

. >>> a ban in japan on the resale of face masks that marked up prices is set to go into force from sundayvernment has approved the measure as the masks are in short supply amid the outbreak. violators will face penalties up to a year in prison or a fine as high as 1 million yen or nearly $10,000. officials believe that hoarding of masks for reselling them at inflated prices on-line is worsening the shortage. medical and nursing care facilities are among those directly affected. the government ordinance will ban the reselling of masks by individuals and businesses at prices higher than the cost of buying them at retailers or elsewhere. the measures apply to sale on on-line auctions through marketplace apps and other means. >>> the coronavirus outbreak has been a major blow for many japanese companies with production in china. suspensions and quarantines are wreaking havoc for factory managers. we take a look at how one mid sized firm has been trying to get by. >> this company produces parts and machines for the automobile and agriculture industries. two years ago it set up a factory in chi

lord mark price is a conservative member of the house of lords. food and drinks businesses. we were trying to talk to you face time, mark price, but that's beaten us so we will talk to you on the phone. thank you for talking to us. i have so many messages about the situation in supermarkets. let me read you this text which has come m, read you this text which has come in, iam read you this text which has come in, i am self—isolating but will have to visit the shops because all of the home delivery slots are booked up. when you go to the shops nothing is there. i'm really worried about the elderly and vulnerable because they may not be able to survive. do you agree? yeah i can totally sympathise with that point. i think it is really difficult. as you mentioned, isit i think it is really difficult. as you mentioned, i sit on the board of two large food producers, suppliers. they have lots of stock, they have lots of production. i was talking to the boss of a large business that produces sauces injars. the issue is not with the supply chains, the peo

that prick from tennessee who hoard it nearly 18000 bottles of hand sanitizer to sell online it marked up prices the good news is he's being peer pressured to donated the bad news is it's all going to his fellow tennessee resident kid rock who should have been bathing in pure oil for the past 20 years. but who better to capitalize off of this pandemic than corporate america after president trump invited c.e.o. after c.e.o. after c.e.o. on stage so they could get a chance to show how their company plans to help shortly after shaking typhoid don's hand after the c.d.c. explicitly said to not do that. right ok i like that that's good but corporations are just like that terrible exboyfriend you've been tempted to tax during your corn team and that they are counting on a crisis to make you forget just how they were to you like adam schefter c.e.o. of the medical testing lab company lab core and qwest diagnostics c.e.o. steve. who promised to develop new covert 1000 tests but likely needed an excuse for any good publicity after 19000000 patient records were stolen in a breach from qwest diagnostics an

that prick from tennessee who hoard it nearly 18000 bottles of hand sanitizer to sell online it marked up prices the good news is he's being peer pressured to donated the bad news is it's all going to his fellow tennessee resident kid rock who should have been bathing in pure oil for the past 20 years. but who better to capitalize off of this pandemic than corporate america after president trump invited c.e.o. after c.e.o. after c.e.o. on stage so they could get a chance to show how their company plans to help shortly after shaking typhoid don's hand after the c.d.c. explicitly said to not do that. right ok i like that that's good but corporations are just like that terrible exboyfriend you've been tempted to tax during your corn team and that they are counting on a crisis to make you forget just how they were to you like adam schefter c.e.o. of the medical testing lab company lab core and qwest diagnostics c.e.o. steve. who promised to develop new covert 1000 tests but likely needed an excuse for any good publicity after 19000000 patient records were stolen in a breach from qwest diagnostics an

that prick from tennessee who hoarded nearly 18000 bottles of hand sanitizer to sell online it marked up prices the good news is he's being peer pressured to donated the bad news is it's all going to his fellow tennessee resident kid rock who should have been bathing in pure oil for the past 20 years. but who better to capitalize off of this pandemic than corporate america after president trump invited c.e.o. after c.e.o. after c.e.o. on stage so they could get a chance to show how their company plans to help shortly after shaking typhoid don's hand after the c.d.c. explicitly said to not do that. right ok i like that that's good but corporations are just like that terrible exboyfriend you've been tempted to tax during your corn team and that they are counting on a crisis to make you forget just how they were to you like adam schefter c.e.o. of the medical testing lab company lab core and qwest diagnostics c.e.o. steve. who promised to develop new covert 1000 tests but likely needed an excuse for any good publicity after 19000000 patient records were stolen in a breach from qwest diagnostics an

measure to combat the outbreak with two members of the house appropriations committee, mark amodei and david price. 7:00re to watch live at a.m. eastern thursday

selling items like hand sanitizers and facemasks certain kinds of cleaners and that they're marking those prices up we would call it price gouging right and so what amazon is saying these they removed not only these from the web site but they've actually taken a step further than that they also say that they are sharing the information with state's attorneys general and federal regulators about sellers who they believe have been participating in price gouging and they are essentially sitting that information over in case those a.g.'s or the feds want to prosecute the white house has become very much involved in this as well on monday president trump signed an executive order to prevent hoarding and these price increases of these supplies amid this outbreak what does that that actually mean for people at home well it doesn't mean a whole lot for people at home so all the people who have run out and bought like huge amounts of toilet paper which i not understand exactly why that is happening but they're doing it and the administration says we're not going to come after you if you're buying a lot o

roll out, it is going to be 10% unemployment, let's get the worst-case scenario out there so the marks can price it in. a lot of these things are starting to get priced in and does concern me that it's going to make it -- give us the -- a chance of any kind of v-shaped recovery is tough. with that number losing job and the concern that the coronavirus could hit us again next fall and people worried about to be laid off again even if they get the job back keeps it from jumping back in in a big way. >> matt, obviously paying close attention to the market feels and the technicals what jumps out to you at the moment >> one of the things is russell 2000 two things forced selling coming to an end like it did, two weeks ago, just massive and basically every single market. now that that's subsided the market's bounced back in a vacuum what happens next? i'm looking at the small cap russell 2000 that is bounced back very nicely it's been a great leading indicator of many years an especially the last few years. if that rolls back over and takes out the 2016 lows that's going to be a problem. if it can hol

price gouging by third-party sellers. however, the research group points out amazon is also marking up prices for hand sanitizer and face masksome necessities, during this outwretarget walmar how many hand sanitizers, disinfecting wipes and toilet paper customers can buy. target customers can buy up to six sanitizers and wipes per person. walmart says store managers can decide how much it will sell based on the available inventory. >>> a new warning regarding coronavirus email scams. a report says cyber criminals are sending emails contacting fake -- i should say containing fake coronavirus-related information and even fake hiv results as well. those messages may infect computers with malware, giving hackers access to victims' personal and financial data. experts say think twice before opening up messages that are misfilled or have an attachment. the price on these items is just ridiculous now. i don't know if you've seen some of them out there, but it's stupid. >> and people will take advantage. >> let's get one last check on our weather with spencer. >> this sunny, mild day is giving way to a night that will see the develop

even if this turns out to be, you know, from a health point of view not as bat as feared, the marked is pricesa very different economy. goldman thinking we're going to barely average happen a percent growth over the next three quarters. >> i think everyone is jumping to extremes this early so far the impact has not been that great globally. there's a lot of fear going on out there. fear does seem to be spreading faster than the virus. we will see, and as i want, we could have that surge in growth. >> did the market also sort of get rattled by the bernie sanders boom? the worth month of the best six months we've had some excessive valuations, some contentious election battles all of that together, throw in a pandemic scare, and you have the making foss a correction here, which is why we had the 10% correction whether it goes further depends on how we deal with it on a medical/cdc level, and what comes out of the fed, any of the emergency cuts we have seen. only one really worked, which was '98. otherwise getting into fed moves between meetings, it just i think freaks people out a bit. >>> inter

clearly an investment for some mark the rising prices also source for inspiration for others many saying the city is becoming increasingly less affordable i have still have not some of the things is that once this this is the profile as he changes the charm and the atmosphere the city just to. so it's important that that social makes to keep that alive right. how you do that i don't know. cool thank you very city called the business great to see. because the studio would be fine jane street. good evening sir hi mark. a study with coverage of the- coronavirus him fronts. yes of course- the number of cases going up all the time you have. a live tracker on loans now giving a sort of the latest. situation which is obviously a- point i think- causing some concern for a lot of people you do see- more more measures being taken for example- face masks. aren't you kind of just and no one it's not everybody can just purchased some of the street you have to have. a bit of medical supervision at a medical reason for doing so bring a man than the econ. economy minister. saying that the prices of cert

per gallon nationally in the coming weeks, factexperts say the prices could be driven below the $2 markvirus ers continue and the global oil supply doesn't rank. it comes after major oil producing nations failed to come to agreement over the weekend to boost. oil prices and production triple a now reporting a national average pre of gas. currently at $2.38 per gallon and again the thinking is it might get below the $2 mark here locally of course we're still paying much higher thanthat the average prce for a gallon of gas in san francisco's $3.53 per gallon in oakland $3.45 and in san jose $3.38 again that's accordi to gasbuddy dot com here's a quick check of the big board is where washing impacts on the markets yestery wall street had a major slide of more than 200 points to the downside th mornng trying to make back some of that oks like positive by about 600 trading positive by about 600 trading at 24,004 56 for the d this burger's delicious! positive by about 600 trading at 24,004 56 for the d let's make it more delicious! ♪ menutaur put an extra patty on th! bam! wo! uh-uhhh! my $4.

war and the impact of coronavirus causes value to plummet brant crude often used as a global price spens mark is down by around 30 percent that's up to saudi arabia signaled that might increase. of the oil producing block pick the price dispute began after russia refused to join the group's efforts to cut oil production in a bid to stabilize markets jeff called in is the author of aggression when oil causes war he says the drop in oil prices will have a huge impact on the global economy. this is a massive decrease in the price of oil that we're seeing right now is probably the biggest once of the 1930 s. it's going to have huge economic and political consequences and unfortunately this comes because of a breakdown in negotiations between opec and russia when saudi arabia representing opec asked russia to not only maintain the cuts that they've made previously but also even deep in them in response to the the we can demand from coronavirus russia said no we're not interested and that set off the price war with both of them bidding to expand their own market share this is going to be mixed news

we are literally marking up the prices ourselves. , --y state i have to protect new york. i have to pay whatever i pay to acquire the ventilators. i don't mean to take them from other states, but when you have a system where you say to the states, ok, you go out and buy what you need to buy. we all need to buy the same thing. we all need to buy ppe, we all need to buy n95 masks, we all need to buy ventilators, so we are all shopping the same distributors, the same group, and it is not even legally price gouging. i was attorney general. i don't even think you have a price gouging case, this is just private market competition. the price is changed, you could see the prices going up literally during the course of the day. if the federal government organized this, the states organized among themselves, because you can't have the states competing against the states. when the federal government goes out to buy the same equipment for their stockpile, now it is 50 stating's competing against the states and the federal government competing against the states. so this is not the way

so i think we haven't really seen prices marked down in asset ca category and high yields and bank loans still vulnerable and right now in having true price discovery, i think asset-backed security and clos, and whole business securitization and aircraft. those are the most vulnerable places. >> let everybody else jump in for a second and we talked about it qe, scott i'm going to '08 and '09, tarp, talf, some of these programs, would you describe what the fed did as those and if not, do you think that we will need a return to those types of direct buying programs >> well, let's talk, of course, there are a number of things you're bringing up there, brian. there's quantitative easing and i've always argued that the treasury bill purchases were qe. now there's no argument anymore because they're buying with the yield curve just like qe the treasury bills and they're maturing and we'll get reinvested a reinvested across the yield curve and we've definitely engaged in quantitative easing our view is if we are not already in a recession, we will slip into one very soon and the analysis that w

recommended with the german government should sell the airfield and at a reasonable price to about $38000000.00 marks. the. window he also arranged for us to get a government subsidy provided that we got final approval and started flight operations. on that was a great deal for us so we went ahead with it. a good deliberately made a point of according to all the titians who could help him grow his business people who could open doors for him. toad's or and a more low volume quoted you're going more like a respected politician who knew everyone on the counter. moves. through more like he met a lot of important people and so it was a smart move for him to make some dominants opens with religion anguish it to shop talk. show me to also started building a new flow techs headquarters complex at the airfield leading politicians attended the groundbreaking ceremony including the state premier at the time having to fly for. the guests were impressed with his model of the proposed new facility. smita made a promotional video. on your from here will tackle the projects of the 3rd millennium. neither claim that

mark: those realities are getting priced in the marketplace.ncludet-case scenarios no progress made on a virus or a vaccine or the antivirals we have talked about. those kind of tones, the most dire tones, you have to understand, are possible. i am more sanguine in this time that the health care and amount of technology and sequencing this virus and the ability to get closer to something that will make it less severe overtime is likely. i have no medical background but the smart people and those i trust are telling me over the next 12 to 18 months, it may not go away but it will be less dire. you are right. i want to talk about apple in particular given the impact we are seeing on the supply chain, worldwide stories outside of china remaining closed. is apple in more unique case? obviously it gives us a pulse of consumer sentiment and everybody is carrying a phone these days but are they uniquely impacted given their exposure in china and worldwide? mark: i would not call them unique. $170 last june and look at it today. $250 give in court -- o

measure to combat the outbreak with two members of the house appropriations committee, mark amodei and david price. be sure to watch c-span's washington journal, live at 7:00 eastern this morning. join the discussion. ♪ it comes out to be a campaign in which we have one candidate standing up for the working class and the middle class. we are going to win that election. >> for those who have been knocked down, counted out, left behind, this is your campaign. primariessidential and caucuses continue tuesday for six states, including idaho, missouri,mississippi, north dakota, and washington. watch our campaign 2020 coverage of candidate speeches and results tuesday evening on c-span, c-span.org, or listen from wherever you are on the c-span rio

> reporter: as monday morning came and the global infection rate passed the 100,000 mark, world markets and oil prices ra heralding a stark picture for the international community. britain britain's market down more than 8%. over the weekend italy plunged into ai don't saai don't say thousands in the north rushed to train stations or into their cars to try and escape before the lockdown was put into place. the northern tourist hub seeing fewer visitors. >> it's just a lot less social i'd say. >> reporter: with cheustomers facing pharmacies across europe running out of essential supplies including hand sanitizers an other hygiene items, the french finance minister calling for action to be stepped up with a coordinated response from europe to avoid the risk of an economic crisis after the epidemic. in italy the government has vowed to implement economic stimulus to boost the economy. those northern regions facing lockdown are the financial hubs of the country with the powerhouse of milan at its center. now governments across europe are under pressure to do the same as millions feel the economic strain o

price. >>talk about for us tonight mark harmon are standing by on the set of bay area sports night to mark yeah getting ready for bay area sports night 7 o'clock on the kron on app a lots to talk about steph curry's grand return to the warriors lineup. the 2 time mvp fact in the mix after missing more than 423 points in 27 minutes, we'll assess his performance also draymond green sounding off on tnt analyst charles barkley you want to hear that sound and also a live report from spring training in a jam-packed edition of bay area sports night 7 o'clock on the kron on app back to all right mark, thank you very right let's check and see what we can expect this weekend our meteorologist lawrence karnow has the details hey guys lot of clouds out there now we have seen some scattered showers early on today, but you know what we're going to get into some real rain overnight tonight, but it's not going to be a washout so the good news is hanging out there still enjoy the weekend and certainly a lot of fun things to do about this for fun things we've got free lawn bowling that taking place in golden gat

experts at gasbuddy say that prices could be driven below the $2 gallon mark if covid 19 shares continueand the global oil supply does not shrink. it comes after major oil producing nations failed over the weekend to agree on a plan to boost crude oil prices aaa reports the national average price r gas is currently at $2 and $0.38. and tonight, the average price of s is san francisco's $3.65 in oakland. it's 3.89 and in san jose. it is 3.69 that's according to gasbuddy dot com. >>the c berkeley is suspending most in person classes starting tomorrow that's according to the chancellor at this time the campus has no confirmed coronavirus cases, however, officials say they're taking extra precautions as the spread of the virus continues all lecture courses will be offered through alternative high tech options, including zoom, and course capture. the change is effective through the end of spring break that's march 29th officials say they will then make a decision for next steps on march 30th based on the most up to date information about coronarus and stanford university also canceling up on

pricing in. it is still looking bleak. guy: thank you very much. andre back with elsa lignos markudmore, our managing editor for our live blog. elsa, you listed three asset classes earlier and talked about the relationship between them. is it possible one asset class is leading? are we taking our cues from a particular asset class? the bond market seems to be the most obvious, but it seems like it might be like crude. i'm curious about the different asset classes. elsa: there is also an argument that says if the fed is going to cut rates, some equity investors say if you use a lower discount rate, futures are not so bad. that is why it is interesting to see about what will be the asset reallocation implications of the moves we have seen in equities and bonds. that is where i think fx becomes the most interesting asset class. traditionally people default thinking about the dollar. when times are bad, we go back to the dollar in the haven. i do not think that is the right framework. we are starting from a position where the dollar was one of the g10.st dealers in there a lot of hedg

if you go to the front page of the financial times, oil price plunge sends tremors to battered global markets. marke about bugs in things than i ever will and he says we haven't heard about cases in the southern hemisphere. that's a very big point. it's dry down there, it's summer. what tends to happen is that you will get a rise in moisture in the air content and that is what kills the bug or kills the virus. singapore, to be true, which is right on the equator. i was born there. indeed, indeed. iworked there. indeed, indeed. iworked there for four years, fabulous place. great food. the point is that while the crisis might end here in the northern hemisphere, come wintertime down there, it will pick up wintertime down there, it will pick up again. but conversely, when it gets warmer, if it ever gets warmer here in written and stops raining.|j can't imagine the moisture content being any higher. that's what i said to mark and he said if you look at the graphs, moisture content in winter and summer, there is a marked difference which is apparently what kills the bug in white will he can six weeks' t

measure to combat the outbreak with two members of the house appropriations committee, mark amodei and david price. 7:00re to watch live at a.m. eastern thursday morning. join the discussion. aviation industry afternoon.good a doctor posted a snippet of an analysis that found sars coronavirus and extensive bacterial colonies in a patient's airways, and he says this new illness led the hospital to quarantine some patients in the emergency department. so frightening, a member of the group chat replied, is sars coming again? suffice to say that the chinese communist government, which like all authoritarian regimes is often more concerned about protecting its image than the life and safety of its citizens, was not pleased. and even as dedicated public health experts scrambled to warn each other to collect more information on what was happening, china's security services were busy trying to stop them. in probably the starkest example, on january 1, the wuhan public security bureau summoned eight doctors for posting and spreading "rumors" about wuhan hospitals receiving sars-like cases. while the doctor

mark cudmore. great to see you this morning. a bounce in oil pricesp for the losses of yesterday but we are back about $36 a barrel brent, up 4.8% after the losses yesterday. even if we find a bottom in crude prices, you argue that doesn't necessarily mean an end to volatility the stoxx. mark: in the extreme day we saw yesterday, but overall, a higher level of volatility will be part of the structure of the markets for a few weeks because the volatility recently will affect measures. implied volatility goes up, risk goes down from the buy and sell side. there is less appetite for those positions which means structurally, higher vol for a while. this is a reason why volatility periods tend to cluster. matt: that means we could see bigger losses going forward? what do you think about the market situation now that the u.s. is coming in with -- at least projected to be a dramatic rescue package. i'm not overly negative on markets, but i will say that i don't think you want to read too bounces. today's it is logical for assets to consolidate, given the ext

mark: parents and children are taking in the news for some, the disruption is a price worth paying. >not a question of panicking, but taking necessary measures to avoid the virus spread out. mark: her nine-year-old says he isap h, because it means no studying and no homework. italy was the first in europe to ban all flights to china, the first two cordon off hold tos. finow tht to close all schools. a dramatic response to a deepening crisis, and perha in a couple of how other countries madey to respond. as cases and deaths rise, more towns in the north may be quarantine. cinemas and thclters could e. the government is set to advis tactile italians not to greet by kissing. how many rooms are occupied? >> none. emptuy, empty. mark: this owner says he has had 90%t cancellations, and the biggest crisis in his 35 years. if the situation gets worse? >> we can close the door. mark: italy is now facingun an ecedented challenge and a desperate search for a remedy, for the virus, and for this country's suffering. laura: here in the u.s., the death toll from the coronavirus has risen again. an 1

that is where folks like senator mark warner pushed to have a new price for banks. they said a loan is not good enough for small business owners. forget about wall street. it is small businesses that will be impacted and it is not good enough to get a loan with a low interest rate. it has to be a grant. windowix-month period where they could get a grant and it is an incentive not to lay off these workers, because if you can deal with this for six months, here is a grant, keep folks on your payroll. don't lay them off or furlough them, and we will get through this. the question is whether lawmakers and policymakers can communicate that down to the local level. washington bureaucracy is already difficult to read --ough so it is a difficult directing people in the administration and educating congress to get this done fast so they don't have to lay people off. francine: i think there was another bill last week about all americans having paid sick leave, food assistance, and free coronavirus testing. has that been implemented? kevin: that message has reached everyone in