still with me, lori calvasina and jim caron. money, $35 billion, come out of investment-grade funds. how much of that is true panic versus selling what is winning and moving somewhere else? jim: i think a lot of it is panic because essentially, the math that people are doing is they are saying, look, i don't know how long this virus is going to take to flatten the curve before business gets to return to some form of normalcy. therefore, they are going to look at cash flows, at earnings, and then they are going to look at the weaker balance sheet companies. the problem is the market has already figured that out. the liquidity is not very good. so what you end up doing is you end up selling what you can sell, and what you can sell typically be the higher quality names because they have better liquidity. the name of the game right now is cash is king. people want to raise cash. they want to get out of financial assets. fear typetypical more of move that goes into the markets. at some point, there will be a tipping point where we st

are 100 percent bets going that the fed is going to reduce interest rates in order to mitigate a carone impacts we'll see whether that's happening whether there will be indeed as people also speculate a coordinated effort by central banks around the world but whether that's going to have a better effect an effect of improving things i very much doubt that because central bank is helping works with demand weakness this is the weakness in supply it would be the wrong remedy i think it would be throwing oil into the fire. only balance in the frankfurt thank you. germany is opening its job market to skilled workers from abroad the skilled labor immigration act comes into effect on monday to make it easier for companies to find suitable recruits especially from non e.u. countries for a variety of important jobs particularly in sectors where there are just not enough applicants from within germany that our current. 40 professions with an acute lack of qualified workers are the most affected sectors is health care germany's rapidly aging society finds itself confronted with an acute lack of nu

turkey is just at the beginning of what might grow into a health crisis the country's 1st carone. virus death was confirmed on tuesday since then the number of cases has been rising istanbul is a city of 16000000 and the empty streets are clear sign that many people here are taking the threat of infection seriously schools pap's gyms have been closed and public transport limited and the city's mayor has ordered where cars and full protective gear to disinfect buses and subway trains on a regular basis. there we will get through this our country our city can be an example for the world as an example and how to keep coronavirus cases and fatalities low. my fellow citizens of the stumble we do have difficult days ahead of us but they will pass and everything will be fine eventually don't lose hope little seats and may lose hope it is the same message that people sent to turkey health care. at night in istanbul. now calls to postpone the tokyo 2020 games are growing the governing body of u.s. athletics has pushed for a delay of the olympics due to the ongoing corona virus pandemic now

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i think that we've learned a lot from the carone heart. break and i think this require leaders around who change in our economic models and that's not about china it's about us in the west it places like greece and that we have to start looking at our own ways of doing things and we need to change them and that means building back our own industries and not blaming the chinese that we don't have them anymore when we just saw everybody everybody write that down on a little post dated put it on your refrigerator because it's worth hearing that again from alexander mackerras all the time we have gentlemen many thanks my guest here in moscow and in london and thanks to our viewers for watching us here in our d.c. next time remember across. time after time corporations repeat the same mantra sustainability it's very important to accelerate the transition to sustainable transport sustainability. more equitable and sustainable world. they claim their production is completely harmless . because. it does not appear companies want us to feel good ab

cannon and tear gas at the border with turkey migrants of intrade to cross on miles to use in zion carone else last week it would do nothing to stop them. but the 1st passenger train has crossed the bridge connecting crimea to the russian mainland the construction is europe's biggest bridge to have 3 kilometers in length . the regional council in the u.k. has been accused of spreading transfer over international women's day celebrations with more on the story you showed it was dusting. international women's day is coming up it's a day to mark the struggle for the right to vote and the fight for equal rights but this year the run up to march the 8th has been inadvertently embroiled in a trance rao sefton council in liverpool has been pressurised into removing flags being flown outside its town hall is simply red woman noun i don't feel well and while that might be the definition in the oxford english dictionary it's been deemed transphobia the flag flying at the moment is a hostile transphobia dog whistle recognizes a symbol and brand of one of britain's most outspoken and visible trans an

despite some initial gains when the markets opened on thursday that clearly the concerns about a carone of it. led recession are overshadowing any of the economic stimulus packages being announced around the world japan's benchmark of the nikkei it was down point 74 percent where markets where they markets ended their morning session the shanghai composite index was down 2.37 percent hong kong's hang saying it filled 3.95 percent and a straight a's reserve bank is now just an interest rate cut to a quarter of a sense now it's never been that low in australia and south korea's main benchmark the cost index it fell to its lowest in a decade so certainly look at the south korean situation and the government there is announced a range of financial measures to try and prop up its its economy this is on top of another package it's already and so certainly the crisis funds at the moment the package it's announced today are they the equivalent of 59000000000 dollars and this is what south korea's president moon had to say earlier about this package or should join this is a special emergency fin

plan for what the european union and the euro zone are going to do in the longer term and this would carone of bones is going to become very very widely talked about i think particularly in the poorer euro zone countries the idea of that is that the european commission goes to the financial markets and says can we borrow a trillion say. and distribute it among the countries so they don't literally don't go bankrupt but then it's the deal is that the monies paid back over a very very long period of time. so you don't get the same sort of sovereign debt crisis that happened after the banks collapse in the in the in the philosophy behind it sees whether or not it was countries folse individual countries full. when the sovereign debt crisis happened clearly this is nobody's fault and therefore no individual country should be punished for it and so the idea of a massive financial restructuring in the very long term is going to become a key components of the response from europe i think the next weeks and months and days and keep of course the closer to where you are i mean how is the lockdown go

the virus has been in development you need to eat garlic at least 3 times a day and that will stuff carone of ours especially older people have been coming to me hoping that this will protect your family i mean don't count on that remedy though the world health organization says there's no evidence that eating garlic has protected people from the new coronavirus so far all the cases on the african continent are not coming from china like experts predicted but from europe the outbreak that began in the north of italy is quickly spreading beyond european borders we are not far from the pandemic most of the continent is not enough for example for intensive in senegal an emergency crisis cell has been put in place similar to the one during the 201416 bull outbreak over 11000 people died from that virus mostly in west africa. the government does not want to see the virus spread in neighborhoods like this where there's a shortage of water frequent power cuts and the sanitation systems are not up to scratch people here live in close proximity and this is a virus that's highly contagious so help a

single biggest jump that we've seen in a day and of course italy is at the center of the largest carone out very here coronavirus outbreak here in europe with spain not far behind of course spain today declaring a state of emergency and also we had today important comments from the world health organization essentially confirming that the at the center of the corona virus outbreak has moved from asia to europe so we'll continue to stay across that bring you any more information as it comes in to us but we also want to bring you all the news that we're following iraq's president has condemned retaliatory as strikes conducted by the u.s. iraq says 6 people were killed but the head of the u.s. military central command has defended the strikes is targeting iran backed fighters adding that the threat from to iran is still high. the u.s. says the strikes were in response to a rocket attack that killed 3 soldiers on wednesday 2 americans in a person died when 8020 rockets were fired at a military base northwest of the capital baghdad also mona fulton is in baghdad and she says that there are c

you are in the caron we spoke on the phone early.oke?” basingstoke. what took you to glamourous basingstoke? i went to go to basingstoke and north hampshire hospital. which is about seven weeks ago the microbiology lab they're not this could get quite bad. —— they thought seven weeks ago. they consider wrapping up their testing. a manufacturer of test called an oversight and hampshire nearby them agreed to provide them with test and while our seven weeks on, they are one of the first district general hospitals to be doing testing of patients and crucially, nhs staff for active covid—19 infections because you will know there has been this big problem about them especially nhs staff, who are stuck at home isolating because maybe one of their children as got symptoms and they have to stay at home may be for 14 days and what everybody wants is to have a test. have i got it? cani is to have a test. have i got it? can i go back to work? and they are now. . . can i go back to work? and they are now... we were allowed to actually film the dr

jim, thank you so much >> thank you >> jum c >> jim caron, thank you.re soaring right now. the new stimulus bill from the senate will provide $25 billion of direct financial aid, $4 billion for air cargo carriers these are industries which have taken a big hit by coronavirus jetblue, spirit, you can see, up 28% today. >>> and that does it for the hour of our breaking news coverage tyler mathisen picks it up at the top of the the hour with the latest from washington on the details of this multi-t trillion-dollar recovery package and a deep dive into the food chain, the restaurant crash, and how e thnation's cattlemen are dealing with this pandemic hey you, yeah you. i opened a sofi money account and it was the first time that i realized i could be earning interest back on my money. i just discovered sofi, and i'm an investor with a diversified portfolio. who am i?! i refinanced with sofi and i was able to cut my interest rate by forty percent. thank you sofi. it's a day filled with promise and new beginnings, challenges and opportunities. at ameriprise f

caron of morgan stanley, this hour. guess what? there is a jobs report this super friday.cqua. i'm sorry. all eyes are on the next governor of the bank of england, mr. bailey speaking with us today in a unique position. francine: don't be sorry. big repricing in the money markets. we know andrew bailey. he has come on surveillance a lot. first time we have heard him talk in quite some time on monetary policy. the fed cut by yesterday. boe expected to cut in march. now, after a busy evening, first word news, viviana hurtado. biden onsuper for joe tuesday, reviving his hopes on the biggest primary night of the democratic presidential campaign, winning nine states, including upsets in texas and massachusetts. bernie sanders taking the golden state, the biggest prize of the night. he also got colorado, utah and vermont. just days ago, he seemed insurmountable. now biden has momentum. michael bloomberg is rejecting calls he would drop out of the race. he wants to look at results from all the primaries of super tuesday. he got american samoa but he lost eight where he was expect

virus is going to individualize you need to eat garlic at least 3 times a day and that will stuff carone of others especially older people have been coming to me hoping that this will protect them when you're going to be i mean don't count on that remedy though the world health organization says there's no evidence that eating garlic has protected people from the new coronavirus so far all the cases on the african continent are not coming from china like experts predicted but from europe the outbreak that began in the north of italy is quickly spreading beyond european borders we are not far from the pandemic most on the continent is not enough capacity for example for intensive in senegal an emergency crisis cell has been put in place similar to the one during the 201416 bull outbreak over 11000 people died from that virus mostly in west africa. the government does not want to see the virus spread in neighborhoods like this where there's a shortage of water frequent power cuts and the sanitation systems are not up to scratch people here live in close proximity and this is a virus that's