with me at the table is steven beardsley from dw business. a check to every american citizen for $1000? steven: sounds like something we have never seen before, a check to every american. sounds very trumpian, something that is eye-opening and get search engine, and maybe that would be the plant, to give people money to pay outstanding bills or to go and spend it while the economy is still open. remember that two thirds of the u.s. economy is based on consumption, consumer activity. the travel industry, the hotel industry, the restaurant industry, all the industries being hit very hard. direct help was a part of the last a recession package. it was put into tax measures, tax credits, and it was put into payroll withholdings. your withholdings were decreased. this is a lot different. this would be an eye-opener, and it would gin up a little bit of excitement or help for people. brent: i would imagine it would get some criticism because a lot of people who don't need the money would be getting a check for $1000. steven: of course that is one cl

is very important when you have markets in freefall so that's the message here all right stephen beardsley from the to be business as always david thank you thank you. well the world health organization has called on countries to ramp up testing programs as the best way to slow the pandemics advance now the director of the w h o says the governments need to do more to track down every potential k. stimulus the most effective way to prevent infections and save lives is breaking the chains of transmission and to do that you must test and isolate you cannot fight a fire blindfolded and we cannot stop this bundle me if we don't know who is infected we have a simple message for all countries test test test well the german chancellor angela merkel has announced unprecedented new measures in response to the outbreak non-essential shops are to be closed as well bars theaters sports venues gyms and playgrounds there's also a ban on religious gatherings until further notice and hospital visits will also be restricted at least 14 people in germany have died from the corona virus more than 6600 have b

this and that's the way to peers right now and that uncertainty is really looming still stephen beardsley with the business stephen thank you very much helping us go through as we said unprecedented decisions being made today thank you. my next guest tonight says that pharmaceutical companies view covens new details how an entire industry betrayed the people it was intrusted to protect and heal honor is a new york times best selling author and an award winning journalist and he joins me tonight from miami florida your presence good to have you on the day with this corona virus pandemic that we are in right now. would you say that it is in the interest of the pharmaceutical companies for the crisis to get worse. no i think you know exactly in line with what your previous guest said that would be a cold calculus that nobody's going to say that people the pharmaceutical companies the executives the scientists working in the labs they would like to be able to come up with a vaccine not just for the profit but because it serves everybody's purpose it's going to save this financial collapse if

when we hear the big table now is steve it beardsley from. business a check to every american citizen $4000.00 right it sounds like something we've never seen before and maybe it isn't a check to every american it sounds very trumpy in writes it sounds like something that sort of opening and gets your attention and maybe that would be part of the plan here is to really sort of boost confidence to give people that money to pay some outstanding bills or to go and spend it while the economy is still open remember that 2 thirds of the u.s. economy is based on consumption right and sooner activity that means the travel industry the hotel industry the restaurant industry all the industries that are now being hit very very very hard direct help was actually a part of the last big recession package it was just often put into tax measures tax credits for example and it was put into. payroll withholdings it was basically your withholdings were sort of decreased this is a lot of difference this would be an eye opener and it could hopefully join up a lit

search for the right responses to this rapidly evolving crisis. 20 here the big table now is steve it beardsley from v.w. business a check to every american citizen $4000.00 right it sounds like something we've never seen before and maybe it isn't a check to every american it sounds very trump in riots it sounds like something that sort of opening and gets your attention and maybe that would be part of the plan here is to really sort of boost confidence to give people that money to pay some outstanding bills or to go and spend it while the economy is still open remember that 2 thirds of the u.s. economy is based on consumption right or consumer activity that means the travel industry the hotel industry the restaurant industry all the industries that are now being hit very very very hard direct help was actually a part of the last big recession package it was just often put into tax measures tax credits for example and it was put into. payroll withholdings was basically your withholdings were sort of decreased this is a lot of difference this would be an eye opener and it could hopefully join up

news live from berlin stephen beardsley is up next with business stick around he'll be right back. every day counts for us and for our planet. glued to my geno's is on its way to bring you more conservation. how do we make seduced greener how can we protect animals and their habitats what to do the following waste. we can make a difference by choosing reforestation over deforestation and recycling for disposable smart new solutions oberstein said in our piece earth is truly unique and we know that uniqueness is what allows us to live and survive goodbye dio's the environmental susu global 3000 on t.w. and on. the trip. global markets fear recession and go looking for cash investors and companies abandon stocks on wednesday as well as typical safe havens like bronze and gold now governments are racing to prevent a spiral. pulse on the show we'll look at the start of a berlin that's proven to be especially vulnerable to the coronavirus. and we show you the way cargo companies like to tonga are dealing with a backlog through the pandemic keeping at least some supply chains doing. this

this is your business report i'm stephen beardsley bilin thanks for joining us the german government announced new measures on monday to slow the outbreak of coronavirus in the country closing many retail businesses shattering playgrounds and curbing restaurant hours the decision follows more drastic measures in neighboring italy and france where general quarantine orders have limited public life and hit small businesses especially hard in germany it's the large companies that have been feeling most of the pain so far as trading got underway in frankfurt at the start of the week there was no doubt left germany and its entire economy had arrived in the coronavirus era the benchmark dax index plummeted to begin with despite a late rally the dax closed over 5 percent down and below 9000 for the 1st time since 2016 the carnage was even worse than other european exchanges than the downward momentum could hold for quite some time even though several central banks have opened the money taps wide. markets will remain volatile i think the worst is yet to come in infection and. then you have t

this is your business report i'm stephen beardsley in berlin it's good to have you with us asian markets were up on thursday on hopes that government stimulus could offset the economic damage from the coronavirus hong kong's hang seng index rose nearly 2 percent while in tokyo the nikkei index ended more than a percent higher meanwhile there are tentative signs that chinese companies are slowly grinding back to life after weeks of lockdown in quarantine but there's still a long way to go. after weeks of shutdown and quarantine these pictures from china's state news agency show the country is getting back to work it insists 3 quarters of private businesses are already back up factory owners are obliged to abide by a strict tie jean measures such as providing face masks and disinfectant for their employees workers have their temperature taken twice a day but getting the assembly lines rolling is often easier said than done i'm afraid situation underground doesn't look so optimistic though the chinese government figures officer figures show that over 70 percent of all of the production has

up next germany's economy grounds to a halt as coronavirus fears spread that's next with stephen beardsley will be back right after this.

correspondents and the corona virus outbreak around the world this is news live from berlin stephen beardsley is up next with business stick around he'll be right back. every day this for us and for our society. global ideas is on its way to bring you more conservation. how do we make seduced greener how can we protect our.

is very important when you have markets in freefall so that's the message here all right stephen beardsley from the to be business as always stephen thank you thank you. well here's a look now at some more of the latest coronavirus developments around the world different president emanuel is ordering citizens to stay at home except for essential reasons mirroring measures taken in neighboring italy canada is closing its borders to all foreign nationals except u.s. citizens with prime minister justin trudeau urging people to stay home to stem the spread of the virus russia will also banned the entry of non nationals and stateless people until may in response to the corona virus outbreak and the outbreak continuing to spread away from its original epicenter in asia china where the 1st cases were detected in december now accounts for less than half of the global total which is nearly a 180000 british prime minister boris johnson has urged all citizens to refrain from non-essential contact with one another to help slow the spread of the corona virus he called on britons to avoid all social ven

beardsley's here with me now it's it appears not to be a taboo anymore here in germany but i'm going to ask you all the countries here in europe do you get the impression that they are recognizing the severity of this crisis they have and i think they are i think the question is whether they can come up with stimulus packages that address those needs and that's what everyone's raising to do right now is a one trillion dollars just of course from a 3rd piece of legislation in the u.s. in europe you're asking what the e.u. spain and italy for example if you look at their stimulus packages they're trying to put money directly in the hands of individuals spain for example paying mortgage big mortgage payments italy giving out for babysitting what they're recognizing is that everyone is in a cash crunch that's once economic activity has basically been paused whether through the lack of demand because of the virus outbreak or because of the measures put in place to deal with that outbreak to try and control it and that left a lot of people high and tight frankly once businesses lack that n