that is michelle fleury.se grand prix is another event due to take place in shanghai in april but that has been postponed. formula 1 tells us the decision has been made to ensure the health and safety of drivers, staff and fans. staying with the virus, fears of a wider outbreak has sparked panic buying of certain products in places like hong kong and right here in singapore. take a look at theirs. this is a store here in singapore, essentially nervous shoppers emptying cells in supermarkets stocking up on canned goods, facemasks and toilet paper. it prompted singaporean officials do assure “— it prompted singaporean officials do assure —— to assure citizens there would be adequate supplies in case the virus situation worsens. so what is the psychology behind this panic buying? i put that question to and associate professor at nus business school. there are two kinds of uncertainty. the first is that you won't be able to go to the supermarket at all, if the situation gets very bad you may not be able to go. th

michelle fleury explains.ewer players in the market, especially in the telecoms industry, there is a concern that basically pricing becomes the very first thing to suffer. so becomes the very first thing to suffer. so consumers becomes the very first thing to suffer. so consumers ultimately end up suffer. so consumers ultimately end up paying more for their phones. but here is the thing. this deal has been years in the making. as you point out, it was very contentious. dozens of us states mounted a challenge on those lines that less competition would basically mean that people ended up paying more. the decision was such a surprise the approval, the share price of sprint is up 77%. it gives you a sense that investors were really caught off guard by the fact it had been approved. i think what was interesting was that we had from an academic that said actually the merger of sprint and t—mobile, while it has been criticised for this idea that it could reduce competition, may have the opposite effect and enhance co

michelle fleury, bbc news —— tariffs.action now from our asia business correspondent karishma vaswani. here in asia the reaction to the trade deal has been met with some relief. many asian companies may factor their products in china and they have been hit by these american tariffs, too. so this is a welcome respite from the uncertainty of the last 18—24 months, as wendy cutler, the former acting deputy trade representative told us. more certainty, not 100% certainty, but i think businesses now, at least, can navigate over the coming months and make some difficult choices and, perhaps, start actually putting in place some investment decisions that they have put off. but, you know, a phase i deal isn't the end of the trade for by any account. it's simplya trade for by any account. it's simply a pause. and tariffs remain on the vast majority of goods on either side. just to give you the statistics, sally, on average they are 20% higher than what they were before the trade war began. for ta riffs before the trade war began.

michelle fleury reports from new york., disney plus's new star wars series, has had a big impact on popular culture thanks to one small but central character. he's been a tv star for months already, a massive hit on social media and now finally the child, a.k.a. baby yoda, is available as a toy so you too can live out your memes. it's just a testament to the power of social media. the character was introduced in november and already it's become a worldwide phenomenon. given its success, why keep fans waiting? this lucasfilm executive defended the lack of official merchandise last christmas, a move that may have cost disney $3 million in sales. we live in a world where leaks are very difficult to manage so we all agreed we wouldn't release assets on the character until the show had aired and worked out. that secrecy created a similar problem when the first star wars films came out. back in 1977, there was no product development when the film came out. they ended up shipping empty boxes to consumers, what was known as an ear

from wall street, here's michelle fleury. like the rest of the world will try to figure out how far this might spread and what it might mean. you see businesses continue to close, travel being disrupted and people staying at home. all of that not only has a human toll, it has an economic cost and thatis it has an economic cost and that is we are seeing pay—out in financial markets right now with the dowjones industrial average, the s&p 500 and nasdaq falling into correction surgery, falling into correction surgery, that is around io%. there have been lots of comparisons to the sars outbreak. back then, the us economy and china was far less integrated when it comes to supply chains than it is today. you see companies like apple saying there foxconn plant in china has been affected, that will affect the supply of iphones as that factory was closed and workers are now returning. but big consumer brands like starbucks, which operate in china, it is a big market for them. they are seeing community demand dropped off, they have had

michelle fleury, thank you. more of today's news now., after both countries were removed from the safe travel list. restrictions in england and wales mean people can now only undertake overseas travel for limited reasons, including work and education. students at the university of manchester held protests tonight after fencing was erected around their accommodation. residents at the fallowfield campus said barriers were put up without warning on the first day of england's lockdown. the university has now apologised and said it will remove the barriers. the public inquiry into the grenfell fire has heard the makers of one of the most widely used types of insulation — kingspan kooltherm — knew it wouldn't pass a fire safety test ten years before the deadly blaze. kooltherm passed a test similar to this in 2005, but its composition was then changed. when retested in 2007, an internal e—mail suggested it burned like a "raging inferno". kingspan says it was unaware its product was being used on grenfell. the former owner of the bhs retail cha

michelle fleury in new york.ell sharply with the spread of coronavirus showing no signs of slowing down with concerns ramping up slowing down with concerns ramping upfor slowing down with concerns ramping up for the global economy. brent crude actually fell below $50 a barrel in us trade, and as asian training starts, they are currently trading at 50.02 despite oil exporters agreeing to cut supply by 1.5 million barrels a day until june. the proposal will be discussed ata june. the proposal will be discussed at a meeting in vienna later this friday. earlier i spoke with alejandra from argus media who told me when oil is at this level, it is more likely that an agreement will be reached at. when we see the price of brent below 50, there is even more likelihood that they will agree. in fact in the past, but we have seen is that russia has agreed, evenif have seen is that russia has agreed, even if they don't fully comply with the full cut of half a million barrels a day for non—0pec producers, they can still commit

for more come i spoke to the bbc's michelle fleury on wall stre. what is driving the meefall in thkets, michelle? michelle: in a word, coronavirus investors, like the rest of the world, are trying to figure out how far this will ipread and whwill mean. if it continues to be as widespread as people might be, you will see businesses continue to close, travel being disrupted, people stayingho at . all of that has not only a human toll it has an economic cost. that i what you are seeing in the financial markets with the dow jones industrial average, s&p 500, the nasdaq a entering into crection territory, which is when the markets fall by more than 10%. laura: is there talk on wall street that this could even potentiay lead to a recession in the u.s.? michelle: i think if you go back to the start of today one of the predictions that came out from a big well-known investment bank, goldman sachs, suggested that corporate profits in america could eentially be flat this year. you could see no growth in those profs from last year to this year as a result of t

michelle fleury, bbc news, new york. >> before we go, let's recathe top stories.oronavirus cases around the world are in the lead states. president trump is announcing new federal guidelines on teing this evening and had set up the weekend that his regular press briefings were a waste of time. boris johnson is back at work following his recovery from covid-19st the prime mi cautioned lockdown measures should not be relaxed too soon. remember, you can find much more news on our website. any time, make sure to check us out on twitter. thank openor bbc wld news america." tonight -- watching "bbc world news america." on of this programfor this is provided by... language specialists teaching spanish, french and more. the freeman foundation. by judy and peter um kovler foundation; pursuing solutions forte america's neglneeds. and by contribution to this pbs statom viewers like you. thank you. rrrs ♪ mr. roge: ♪ it's a beautiful girl: we are the curious.♪ ♪ woman 1: wow! man 1: the adventurous. man 2: oh! daniel tiger: grrr! woman 2: thofi venturing out for tht time. all

the more we are joined by michelle fleury in new york. i should have said they ed to plead guilty. elle, what exactly is purdue saying they will plead guilty to? michelle: so the justice department came out and announced they had reached a settlement with purdue pharma cynical, the maker of oxycontin, a prescription drug which was seen as helping to accelerate the opiate crisis in america, in part due to over prescription. at the heart of this is the marketing factor, the marketing practices as this company. as part of this age billion-dollar global settlement, the biggest of its kind, the company agreed to plead guilty on three . one of the charges involved in anti-kickback statute in which two doctors were oppressed paid by perdue between 2009 and 2017 money that incentivize them to prescribe purdue pharma products. this come of the prosecutor said, was evidence of the dodgy market practices that went on that helped fuel the epidemic. but critics have bquick to say, hang , this doesn't hold the owners of the company accountable. no individual has yet been found responsible. katty:

michelle fleury, bbc news.aura: i am joined by jason, the former chair of economic advisers who is noprofessor at the harvard kennedy school of government. thank you for joining us. the weekly joble claims up as coronavirus cases in the u.s. cross 4 million. what do you read into the uptick in claiming unemployment? >> first of all, the gross flow en the labor market is h right now.lots of people are lo. there are many people gaining jobs. the net of those two is unclear. some surveys suggest we may be losing jobs again on net. at best the recovery has plateaued. it is possible the u.s. economy is going in reverse. laura: congressdi ided over whether to carry on the supercharged unemployment benefits. we part -- republicans are arguing they created this incentive for pple to return to work. do they have a point? >> one effect is it is cash in and spend money.you can g out that is a very powerful force in the short run. that is why consumer spending in the month of june rebounded back to above where it was 12 mo

laura: michelle fleury there.very night in new york city there was applause for the central workers in a crisis, not just the doctors and nurses, pharmacists and groceries for workers,. t a majority of those workers are women, who are taking on additional responsibilities at home now. buis gender inequality has existed forever t has been exacerbated by the crisis, as katty kay reports. katty: slowly america is opening doors. shopping malls in texas, hair salons in georgia, even tattoo parlors in tenssee. but until someone opens schools and chapter centers from millions of women cannot go to work. 60% of the job losses in march is women. now women are ld we will reopen the economy, but they have lost child check, public e schools t reopening. there is no one to take care of theichildren. i don't think we have thought about what reopening the economy looks like for women who desperately need to go back to work, they neethat income for eir families, but we have made no provision for how they are pposed to do that. as

michelle fleury, bbc news, new york. >> before we go, let's recap the top stories.early one third of the coronavirus cases around the world are in the lead states. esident trump is announcing new federal guinelines on tethis evening and had set up the weekend that his regular preste briefings were a wf time. boris johnson is back at work following his recovery from covid-19. the prime minister cautioned lockdown measures should not be relaxed too soon. remember, you can find much moru news owebsite. to see what we are working on at any time, make sureo check us out on twitter. thank you so much for watching open bbc wld news america." tonight -- watching "bbc world news america." narrator: funding for this presentation of this program is provided by... language specialists teaching spanish, french and more. raymond james. the freeman foundation. by judy and peter pursuing solutions for america's neglecteneeds. and by contributions to this pbs station from viewers li. thank you. narrator: yo♪ re watching s.♪ mr. rogers: ♪ it's a beautiful girl: we are the curious.♪ ♪

our business correspondent michelle fleury is in new york. off—load the oil, michelle? essentially, producers are paying to off-load the oil, michelle? yes, this is unprecedented what you are seeing in the oil industry, cowes that has not existed as far back as people have been recording the price of oil. what has happened is that with all of us staying home, not driving around and not getting on planes demand has essentially vanished. the result around the world, there is too much crude oil. and, so, today what we saw is a drop in the price of a key us benchmark, west texas intermediate, to below zero. again, this has never been seen zero. again, this has never been seen before, and what it means as traders are essentially paying to get rid of this oil but there is so much that is being stored because people just are not buying the oil, refineries are not taking this oil, that they are saying, well, we don't wa nt that they are saying, well, we don't want any new deliveries in the month of may. we are not expecting to see any of may. we are n

our new york business correspondent, michelle fleury, has the latest.e back of 2020. us stocks started the last week of the year on a high note. investors are betting that fresh stimulus spending will give the world's largest economy a much—needed boost. the dowjumped more than 200 points, or0.7%. disney and apple were among the stocks that saw big gains. after days of drama, president trump backed down from his threat to block a $900 billion coronavirus economic aid package and signed into law on sunday night. the move paves the way for $600 checks to be paid directly to people hit hardest by the pandemic. it also extends unemployment benefits, releases billions of dollars in help for small businesses, includes emergency aid for airlines and much more. the decision also means that a government shutdown that would have been starting this tuesday has been averted. now, taken together, with the rollout of the vaccine and a supportive central bank, investors are finding plenty of reasons to feel festive heading into this new year. that is michelle fleury,

michelle fleury, bbc news, new york. let's delve into this a little more.is lisa hooker, consumer markets lead at the consultants pwc. hello, lisa, thank you for coming onto the programme. tell us coming onto the programme. tell usa coming onto the programme. tell us a little bit a bout what this year's black friday is going to look like. what kind of impact will the pandemic have? is quite interesting. if we look at the uk, when we did oui’ we look at the uk, when we did our usual survey we look at the uk, when we did our usual survey asking people about black friday they said they were going to an 8% more, that's over eight million. then we decided to rerun the survey once the new lockdown measures we re once the new lockdown measures were announced in november and, actually, the new survey suggested less people were interested and they were going to spend 20% less. so we saw a real dive in interest, as i think confidence went down, particularly amongst the younger age group who had been the most interested. so there is interest, but it is going to be sli

that's michelle fleury there.last fortnight has also seen promising announcements by the scientists working on the vaccines at oxford and moderna. but how do they work? 0ur health correspondent james gallagher explains. vaccines are being developed at unprecedented speed — ten years of work has been condensed into around ten months. more than 200 vaccines are being researched, and the most advanced are starting to produce results. so, how do they work? well, first of all, i want to point out something on the coronavirus itself. this is known as the spike protein and that is what most vaccines are training your body to attack. now, there are broadly four different approaches being used to make coronavirus vaccines. the first kills or inactivates the coronavirus and then injects it into people. this triggers the immune response, but without causing an infection. the second approach takes the spike proteins from the coronavirus and just injects that. these are tried and trusted methods of making vaccines, but they ar

michelle fleury, bbc news, new york., ispoke to our business correspondent samira hussain for more on those worrying job figures. indeed, but remember that what makes this really different than any other massive amounts ofjob losses that we've ever seen is the speed with which all of these jobs were lost. remember thatjust two months ago the unemployment rate in the united states was 3.5%. that's a 50—year low. and fast forward two months and now we're seeing that the unemployment rate is 14.7%. and the real sort of number that actually as what you alluded to, the fact that it's not taking into account people that are working less hours, that are not even looking for a job any more, if you take into account those number of people, the unemployment rate is more like 20%. it looks like those graphs in some ways simply cannot cope. you almost think it's a computer glitch the way the line sort of skyrockets downwards or upwards. what kind of steps are being taken by the government to try to get this back to, if not normal, t

michelle fleury, bbc news. — and he likes to do things a bit differently. his owners take him out on walks on a lead, alongside their three pet dogs. so far he's travelled the yorkshire dales and reached the top of scafell pike, the highest mountain in england. they say he gets lots of attention from fellow walkers, and doesn't mind stopping for a photo. now it's time for a look at the weather. good afternoon. this unsettled, blustery and wet spell of weather continues. we have had heavy downpours today. a pipeline of moisture planning and across northern ireland, southern and western scotland, north wales. the heaviest rain on hygge land. across the pennines and parts of southern and western scotland, some spots will see between 60 and 80 millimetres of rain. there are ongoing flooding problem some more rain is not good news. it is windy everywhere but especially east of the pennines, said he scotland. they went in the far north of scotland as well, brighter here as well. brighter in south wales and south engl

michelle fleury there. two former heads of states to lead an independent probe into the global response to the coronavirus pandemic. former new zealand prime minister helen clark on the left and the former president of liberia ellen johnson sirleaf on the right will head the inquiry. they'll look at how the who handled the pandemic, and how countries, governments and health services did, too. the who has faced criticism, most notably from the us, that the organisation was slow to respond. earlier, the who chief said everyone must look in the mirror. this is a time for self—reflection, to look at the world we live in and to find ways to strengthen our collaboration as we work together to save lives and bring this pandemic under control. and we'll be speaking to helen clark, the former prime of new zealand, about her appointment in the next edition of outside source. we've got a couple of quick updates on europe. let's start in england, where life is slowly getting back to normal. in the past few hours, the g

michelle fleury has more from new york.s asked that biggest names in technology to hand over information about a decade worth of deals. america's telecoms regulator is trying to understand how giants like amazon and facebook have used acquisitions to become so dominant. if the ftc were to discover anti—competitive merger activity in the past, it could lead to action being taken, with the ftc chairjoseph simons telling reporters it could result in unwinding. the request comes as the size, power and business practices of big tech are under the microscope, including several government investigations into whether their practices harm competition. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining us is writer and journalist, marisa bate. a piece in the guardian about ofcom giving a new role of policing online platforms. the government will announce draft legislation suggesting ofcom could have powers and responsibilities over the behaviour of these tech giants. the likes

michelle fleury reports. expected to buy more goods and services from the united states, which should reduce america's trade deficit with china. something that has been a long thorn in the side of the donald trump. it also allowed him to wave the economic flag and hold a big signing ceremony at a time when he is campaigning for re—election and the impeachment process is moving forward. this is an unbelievable deal for the united states and ultimately it's a great deal for both countries, and it's going to lead to an even more stable peace throughout the world. china is helping us with north korea, china is helping us with lot of things that they can be helping us with. so what next? us trade representative bob lighthouses said he will meet with china's vice president in 30 days and he says he will know by the spring whether the phase i deal is working. contentious issue between the countries remain, areas including technology and innovation that could determine the economic and military power of these two sup

michelle fleury in pennsylvania, thank you.lection later in the programme. the rest of the day's news now, and a new trial to test everyone living and working in liverpool for coronavirus has got under way. the ten—day pilot will allow around half a million people to be tested, whether they have symptoms of the virus or not. figures out today from the office for national statistics show that although the number of people with covid continues to rise, the growth is levelling off. 0ur health correspondent dominic hughes has spent the day in liverpool. is this the way out of liverpool's covid dilemma? mass testing has begun in the city that has seen some of the highest infection rates in the uk. it's a bit of an inconvenience, but at the end of the day, if that means you can spend your christmas with your grandparents, why wouldn't you ? you haven't got any symptoms? no, asymptomatic. it'sjust because i feel like the more people get tested, the sooner we can get out of this, get it over with, and try and get back to normality, rea

michelle fleury for us there. 0ne rare positive effect of the past few months has been on the environmentest ever reduction in the volume of carbon dioxide released into the world's atmosphere has been recorded since march. at the height of the lockdown scientists discovered that daily emissions around the world dropped by more than 17%. but scientists are warning that this extreme reduction in greenhouse gas emissions is likely to be temporary, as our science editor david shukman explains. all over the world, some stunning transformations — from choked streets in india becoming calmer and easier to breathe in, to the most famous landmark in china suddenly looking clearer. to the centre of paris, often polluted, now quieter and cleaner. the fight against the virus has slowed down many economies, at huge cost. but it's also done wonders for the air and for the carbon emissions that are heating up the planet. the drop in traffic is a major part of that, here in the uk and globally. lower demand for electricity has also made a difference. along with the grounding of planes. fewer flights mea

michelle fleury, bbc news, new york.s' time. that's pretty you on some other business stories was that microsoft has become the latest company discomforts for because because of the coronavirus outbreak —— let's brief you. the current quarter, disruptions to its supply chain. apple said it may not be able to make it's much quarter sales forecast. a third runway at heathrow airport, judges will decide whether that expansion so into account climate change commitments. walmart says it may sell a majority stake in its uk supermarket as dark, the us retail giants as it is talking toa retail giants as it is talking to a small number of retail parties about a possible investment —— asda. the uk's regulator block plans to merge sainsbury is and asda based on concerns it would raise prices for consumers —— sainsbury‘s. now let's look at what is trending in business news. in limbo, johnson super at uk on collision course with you trade thoughts. the government is to publish its negotiating mandate on thursday, —— trade talks with

michelle fleury has more from new york. was in part on inspiration for the gordon gecko character in the film wall street. in 1990 he was sent to prison for his part in a vast insider trading scheme. donald trump's decision to pardon him came on the same day that seven others received a pardon and four others had their sentences commuted, including former illinois governor. the president would not say if he is considering a potential pardon for his long—time associate of roger stern. as for mr milken, he has sought to rehabilitate his reputation for decades and has established an influential nonprofit think tank, devoted to initiatives that advance prosperity. now, even with a lifetime ban from the securities industry, the formerjunk bond king who was sentenced to ten yea rs bond king who was sentenced to ten years in prison and fined $600 million has a pardon from the president. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is lesley batchelor, international

michelle fleury there in philadelphia, pennsylvania. president trump lead overjoe biden has been whittled away as the mail—in votes are counted. with 98% of the votes counted, his lead overjoe biden is less than 10,000. earlier we go an update from the voting system implementation manager for the state, gabriel sterling on how long the process was likely to take. we anticipate having to —— the count done when the legal certification is which is ten days after the election. that is when we are done, because there are ballots that are still coming in, ballots to be cured, ballots that are provisional that are to be verified. so, we can't know how long the process will take. we hope to have clarity on the outcomes of these elections as soon as possible, however, when you have some important elections being so close done, it's a very relative turn to you term at this point. we are trying to get all the legal votes counted accurately so we can get the right results and make sure that everybody's vote is refracted properly. so it's all about

michelle fleury, bbc news, new york. let's recap our top stories now.he world. nearly one—third of them are right here in the united states. president trump is announcing new federal guidelines on testing this evening. he had said over the weekend that his regular press briefings were a ‘waste of time‘. and borisjohnson is back at work, following his recovery from covid—19. the british prime minister said lockdown measures would not be relaxed too soon. you can find much more on the website. and check it out on twitter. i am website. and check it out on twitter. iam laura website. and check it out on twitter. i am laura trevelyan, thank you for watching bbc world news america. take care and have a good night. you are watching the bbc news channel. in case you were wondering what happened to bbc 0ne‘s news at ten, we were originally waiting for a press co nfe re nce ten, we were originally waiting for a press conference by donald trump in the rose garden at the white house. now, he has delayed that. we will be returning to that when he starts, we think,

however that news doesn't stop companies having to adapt to the virus outbreak from new york here's michelle fleury with the details on one such retailer. for many american shoppers, target is the cheap and cheerful option in department stores, which means its earnings statements, well, they give us all kinds of clues about the state of the us economy. its latest statement is out on tuesday. first off is its sheer size. if americans are happy to spend, they are probably spending a fair bit at target. second is china. lots of american products are made there. so if the coronavirus are severely impacting supplies from china, target may well have something to say about that. and then there is the situation right here in new york. target, based in minneapolis, was planning to update investors in person in midtown manhattan. but it had to dig those plans and is instead doing a webcast because of the coronavirus. so that gives you a sense of the impact in the united states. what about asia, where effo rts states. what about asia, where efforts to contain the buyers have impacted a number of businesses? a

michelle fleury has more from new york. some of the largest beer companies in america are promoting dryf giving up alcohol for an entire month to detox after overindulging during those holiday months. my neck and rolled out what it calls january dry packs featuring a booze free beer. the packs are handed out for free in cities like new york, philadelphia and boston while supplies last. it is not the only bma maker jumping on supplies last. it is not the only bma makerjumping on the wagon. brooklyn brewery rolled out its first non—alcoholic beer in october. motivated by drinkers who are cutting back on alcohol to lead healthier lifestyles. that has led toa drop healthier lifestyles. that has led to a drop in beer sales and we should learn more about that softness in the market when constellation brands which make some bs reports its quarterly results on wednesday. it is going to bea results on wednesday. it is going to be a busy week. that is your business briefing. lawrence gosling is back with me in a moment for the news briefing. first, this story. the mother of a british teenager fou

unemployment benefits in the space of just two m let's get more fr our business correspondent, michelle fleurychelle: further confirmation of the economic damage we have seenna from the corus to the world's biggest economy. you have millions americans stuck at he. massive drop in reales.e a the biggest area we saw this dr was in clothing. if you look at the retail sector, there havanbeen many cos struggling even before the pandemic. th an we hav seen bankruptcies,. crew one of them, neiman marcus another. also, jcpenney. it is not just retail hurting. restaurants and bars are closed. spendingdo in that sector i sharply. groceries is one of the few areas whater hee p meoorple.e there wa a y,fosithe sdechiurs s i tndustrl drop.h showed an 11% it was a sharp decline. what we are seeing is that orelfateedfoinie-pctlace os rded a terrible effect. if youoo athat is having a knock on effect. anchor: the economic news out of germany is not great either. europe's biggest economy is in recession after shrinking by more than 2% in the first quarter of the year because of it is germany's biggest slump sin

as michelle fleury explains, many of the existing tariffs will remain in place.s, they we re place. what we have here is, they were more tariffs due to go into effect in december 16. that didn't happen as a result of these negotiations. there was also a further set of tariffs that were rolled back or cut in half, from 15% to, well, they were essentially halved. however, there are some $200 billion worth of imports in china into the us, which still faces ta riffs of into the us, which still faces tariffs of 25%. the us still has some degree of leverage, but what you are seeing here is the difficult stuff that needs to be negotiated, in this phase to deal that donald trump alluded to in a tweet. the question is whether they can ever get there. it is a big ask. not injakarta, not in jakarta, when not injakarta, when more than 20 people have lost their lives and thousands of residents have relocated to temporary shelters. —— 110w relocated to temporary shelters. —— now to jakarta. the indonesian capital was experiencing its heaviest rainfall in over 20 years. the tor

the bbc‘s michelle fleury explains. to know is they are spending a lot of money to create this calibre of content and is it paying off in terms of subscribers? the rate at which they are increasing their spend is not being matched by the rate at which they are getting new subscribers and they are getting new subscribers and they have had to increase their fee and there about two face more competition from the likes of disney and you have disney+ and apple tv. in other business news making headlines and india's inflation rate has reached its hottest highest level in three years, mainly due to food prices. it got to almost 7.4% in december compared to 5.5% the previous month. this adds to the challenges for prime minister narendra modi, trying to revive a slowing economy. these are has agreed to find dominate by a financial tech firm late for $5.5 billion and it allows them to link bank accounts to mobile apps. it currently connects with over 11,000 financial institutions across the us, canada and europe. banks that use t

let's get more on this from our north american business correspondent michelle fleury, who sent us thiseport from new york. wasn't meant to be like this stopping the grounding of the 737 max jet wasn't expected to last this long, but boeing is pushing back the date for its return to service stopping the new delay comes after two recent discoveries. a software floor requiring more work than expected and an audit that found that some of the wiring on the plane needed to be rebutted stopping the means thejet needed to be rebutted stopping the means the jet will miss the busy summer means the jet will miss the busy summer travel means the jet will miss the busy summer travel season means the jet will miss the busy summer travel season for a second straight year. that is peak revenue season, and that could add to the compensation that the us plane maker ends up paying airlines. to recap, the max was grounded in march of 2019 after deadly crashes that killed many people. 0verly optimistic assessment caused the plane maker problems, not least with investors, and it led to the departure of boei

if pennsylvania declares tonight, as we were hearing from michelle fleury a moment ago, and declarese biden, that's it — joe badger has reached the 270 mark that he needs to get. i would think in the next 2a hours, we would get a result, but it's worth talking about some of the other atmospherics that are going around at the moment. there is clear frustration in the white house that donald trump is not getting the support from the republican party that he thinks he should be getting over the legal action he has been taking. his lawyer, rudy giuliani, said, where is the republican party? our voters will never forget. donald trump's son eric has added, no, they won't. so there is frustration about that and it is striking that the leaders of the republican party, who are good at finding their way to a television camera, have stayed clear of them so far. the other thing we are getting from the trump campaign is that there isn't going to be a concession because there is no need to, because the votes have been stolen by fraud and the rest of it. but what we haven't had yet is any evidence

not just for investors — but for all ‘stake holders' — as the firm's co—founder explained to michelle fleuryakeholders. we nominated five who are guests, our hosts and employees, shareholders and the communities in which we operate and to further formalise that we have find specific principles in metrics by which we are going to serve our stakeholders so we can hold ourselves accountable over time. someone listening right now, forgive them for a degree of scepticism, they will just say ok, this is a lot of nice words and a lot of lofty goals. how do they measure that? this is where it is important to be explicit and in numerate exactly what it is and what the impacts that we care about and where we will measure them. one example is with our host community, hosts are making significant income on the platform and we want to make sure that they are succeeding ever more each year. one metric is what percentage of our hosts are earning more on the air b&b platform each year than the year before? the most problematic area just looking for your stakeholders is when it comes to community. the area r

michelle fleury went to find out. an endangered species act, the plastic bag.th the ban starting march the first, all new yorkers will have to bring their own reusable bags to the grocery store oi’ reusable bags to the grocery store or pay 5 cents for a paper one, so what do shoppers think? there is no recycling purpose for them, they just fill landfill, so good. half the staff in the store you buy is made out of plastic that holds the food, so plastic bags... doesn't make sense. you food, so plastic bags... doesn't make sense. you are food, so plastic bags... doesn't make sense. you are ahead of the ban, you have your reusable bag?m is very sturdy and useful for many reasons. to help shoppers prepare, this shop in brooklyn is giving away reusable bags to any customer that spans over $20 and while the owner thinks this is the right thing to do for the environment, he said some will find it inconvenient. change is hard, people use plastic bags for everyday use, they use them to pick up everyday use, they use them to pick up dog poo and in their trash bags and in

the bbc‘s michelle fleury has been following the story in new york.ite—collar criminals, the faces, if you like, for corporate greed and wrongdoing, who are amongst those who have received pardons or computations in their sentences by the president, and that is leading to some raised eyebrows. you mentioned michael milken. he really was very well known as a formerjunk bond really was very well known as a former junk bond king really was very well known as a formerjunk bond king here on wall street —— commutations. he was the face of insider trading scandals backin face of insider trading scandals back in the 1980s. 0riginally he was sentenced to ten years in prison for crimes when he was working for an investment bank and basically banned from the securities industry. since then, he has really sought to try and burnish his reputation, and so you saw donald trump today, when he announced that he was being pardoned, he sort of praised his work for cancer treatment. and again, this will certainly please mr milken, like i say, who has certainly sought to

with more, here is michelle fleury. chelle: this is no moment to say that things are getting back track. as we have heard from the pat -- in the past from jerome powell, while somates that people will return to their jobs or get n left out in the cold. areink that is where we we are at that point where we are starting to see workers being recalled. that is why you are seeing this drop in the number of weekly claims. on an ongog basis as well. flurry theil on-the-job situation in america. the whoor has appointed twor heads of state to lead an independent probe into t global response to the coronavirus pandemic. e former new zealand prime minister helen clark on the left of your screen, and the former president liberia ellen john -- johnson on the right, they will head the inquiry. they will look at how the w.h.o. handled the pandemic and how countries, governments and oo.lth services did the w.h.o. has faced criticism, most notab from america, that the organization was slow to respond. earlier, the w.h.o. chief said every

3% overnight. 0ur north america business correspondent michelle fleu ry business correspondent michelle fleurythis report. —— tumbling. with fears of economic contagions came in emergency rate cut. the us central bank has slashed interest rates. in the united states the most i said some action taken so far. a shot in the arm in a jenna legg for the us economy. america central bank can't financial markets off guard, the surprise come unwelcome. 0ne off guard, the surprise come unwelcome. one big reaction came from investors and government debt and as bond. market interest rates on ten year us debt dip below 1%, the first time on record. indicated a pretty profound market pessimism about the prospects for the worlds largest economy. from panic bond buying two panic stock selling, the move was greeted with skepticism on wall street. they are doing it soupe support the markets but that makes people fearful that while we must be in bad shape, if they are doing such a large cut. to pull that bull out so a large cut. to pull that bull out so fast and so seriously leaves us with not that much ammo. bu

michelle fleury has more from new york.o's pizza in china has been boosted by a younger generation with a taste for western food, and an appetite for ordering online. and while its presence is nowhere near the scale of, say, mcdonald's, it is a growing market for the fast—food company. dominoes has around 250 stores in china, with plans to open more, and while none of them are located in hubei province, the epicentre of the coronavirus outbreak, wall street will be keen to hear what impact is virus is having on domino's china business. fast—food companies like starbucks, which has had to close stores in china, well, they are ramping up contactless pick up and delivery services, to try and keep their workers and customers safe. just one of the many ways companies are modifying how they operate in china because of the coronavirus. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me isjenny garrett, who's a career coach and leadership trainer. 0ur story today involving

our new york business correspondent michelle fleury has the story. chelle: the good news is that the pace of these job losses starting to slow. you think back to early march, we saw a figure of more than 6 million americans filing unemployment claims. the number is coming down. here's the thing, it remains at historically high levels and if you look at the total, 40 million americans claiming unemployment benefits in 10 weeks, that is greater than the total during the financial crisis of 2008. there is huge concern when you talk about this scale of unemployment, what happens next, what it will take to put all those people back to work. that is beginning with the reopening we are starting to see some businesses across the country. katty: every thursday night in the u.k., people stop what they are doing at 8:00 p.m. to pay tribute to health care workers. [applause] katty: this weekly clapping has become a symbol of a nation's support for the frontline medical community. but certain members of the group are more risk than others. our correspondent clive

michelle fleury has more for us. michelle: there are a couple of things particularly striking.ne is the diversity conditioner number of women in thi tm stands out. people of color. it is going to be an inspiring choice for many in the community who look at this and s, ok, i see self reflected in this erlineup. are couple of other things. because she has been nominated to be u.s. treasury secretary. she will be, if confirmed, the first woman to serve as u.s. treasury secretary, but also as the head of the u.s. fedal reserve priestly and under the clinton administrion,he was at the council of economic advisers. first person to ever hold all three of those roles at different points. katty: an investigation is underway in sri lanka after 8 inmates died in a prison right near the capital. more than 70 people njured in the disturbances in the maximum security jail, which broke out over coronavirus fears. it is the a latest in series of similar protests in the island's prisons fulsome hours have --the island's fulsome hours of asia correspondent has this report. reporter: fire engulfe

now, on bbc news... 0ur north america correspondent, michelle fleury, chronicled the story of her neighbourhoodooklyn, new york, as the coronavirus pandemic first swept across the world. we are all dealing with the great unknown, a disease that we don't understand and we have seen nothing like this before. new yorkers were hardly shocked over the city's first confirmed case of coronavirus. a second person has died from the virus. we have an invisible enemy, a ferocious enemy. the new york mayor holding his news conference right now, he says "new yorkers should be prepared for a shelter place order." new york remains the epicentre of this outbreak. new york is now reporting more than 1,000 deaths. with a death toll now passing the 4,000 mark. each of those are human beings and a family represented. new york suffered the worst, outbreak in the united states. in the city that never sleeps, neighbourhoods fell silent. the sense of fear, isolation and the threat of financial ruin grew as the virus spread. no neighbourhood was spared, including the one where i live in brooklyn, home to about 80,000 n

major retail casualty of experts warn of multi-the last area here is the bbc business rrespondent michelle fleury>> they call this the first retail victim of the coronavir here in the united states. well-known for its preppy style of clothing,nk j.crew, i t you'll start to see this winnowing out, going into the wiisis the stronger player have a better ability to weather the closures. go to any main streets with lockdowns and lays acro america, the shops are all closed and you can only buy online you various studies show that peoally aren't buying close at the moment and that is having a big impact on retailers. those who went into it in a stronger position are in a better place, well, you can see the result. >>on we have been reportinow the trump administration is laming a chinese lab for the coronavirus. ntscts have been studying the global trade in wildlife as they look at how the disease left from animals to humans. fingers are being pointed at wildlife marketsnd calls for them to be banned. as victoria now >> captured to be sold. global trade under new scrutiny as the and a neck.gin of this b