the asian development bank says it could cost a trillion dollars. china's industrial output rises for the first time since the outbreak but retail sales shrink further amid political tension. and president trump does not want to talk to president xi. the highestcords number of deaths in a week. and we have the gdp data from germany. welcome to daybreak europe and welcome to friday after a rocky week in the market. on thee bit of green screen coming through from asia. yesterday there was a rally on wall street. initially, u.s. stocks dropped after jobless claims again but we got a rally. making a comeback. the gap between tech stocks and banks getting to an extreme level. .utures, a mix for europe, right on the screen yesterday. european futures up 1% ahead of the german gdp data looking to post the worst contraction for germany since 2009. 10 year yield dropping about eight basis points through the week. the dollar heads for a weekly aim speaking to risk off as well and oil heading for a third weekly gain as well. some science the markets are slowly

for example the african development bank could be adding to these programs to countries that want more more spending to frontline health care providers that could be added to by other organisations around the world very very quickly meeting in a matter of days or or weeks mr mouth as i say that you are the wild bank along with the i.m.f. have also been calling for a bilateral debt from the fed the world's poorest countries and i see the g 20 agreed to a suspension of that debt but that's essentially just a delay and it will have to be repaid at some point while developing countries are then still reeling from this pandemic what are your thoughts on how that should be addressed the 1st step is to have the moratorium work so the countries save cash flow immediately. and that needs to also be expanded to commercial creditors which is something some of the countries are working on and it will be up up to demand to and the world to figure out how that part of the process can work and then i think there ought to be before there's going to be an evaluation of the debt sustainability of c

know is this would be a 3 part package the 1st would be a 3000000000 euro loan from the german development bank where the controversy really lies in the other 2 parts so that the german government would buy about 20 percent of tonnes shares and in addition to that they would buy what's called a convertible bond and what that means is that it's debt that the government would be able to turn into stock if it wanted to if it would pull that lever they would have a 25 percent stake in left. and that number is really important because it's the threshold at which the government would be able to overrule all other investors if they wanted to block any sort of corporate strategy change they would have the power to do that with this 25 per cent stake the government has said that they don't plan to utilise these voting rights they plan to be a silent participant but they have said that they could use that that 25 per cent stake if for example the the company is facing some sort of hostile takeover situation and that's what if situation is really what's worrying tons investors right now josie delaney thei

know is this would be a 3 part package the 1st would be a 3000000000 euro loan from the german development bank but where the controversy really lies is in the other 2 parts so that the german government would buy about 20 percent of tonnes shares and in addition to that they would buy what's called a convertible bond and what that means is that it's debt that the government would be able to turn into stock if it wanted to if it would pull that lever they would have a 25 percent stake and. and that number is really important because it's the threshold of which the government would be able to overrule all other investors if they wanted to block any sort of corporate strategy change they would have the power to do that with this 25 percent stake the government has said that they don't plan to utilize these voting rights they plan to be a silent participant but they have said that they could use that that 25 percent stake if for example the company is facing some sort of hostile takeover situation and that's what if situation is really what's worrying look tons investors right now chelsea delaney

. >> emily with the california infrastructure and economic development bank manages the small business loan guarantee fund, more than $1 million set aside to help businesses fallen through the federal cracks and can't get an sba loan. >> i am expecting large numbers. >> not only has the state of california started to step in where the federal government has left off, but several cities like san francisco and alameda have also launched their own small business loan program for those businesses that don't qualify for a federal sba loan. you can find out more information about thoseo nbcbayarea.com/investigations. >> if you have a story for our investigative unit, give them a call, 888-996-tips. or you can visit our website, n nbcbayarea.com/investigations. >>> kari, how is the weather looking today? >> we will have warmer weather coming in for the weekend, but right now starting out with most of us in the mid-50s. we will take a look at a warmer forecast coming up after the break. we're here for you and we're open. wow. i'm an original. one of a kind. you feel me? love ya'. oop! you look

for example the african development bank could be adding to these programs to countries that you mention that want more more spending to frontline health care providers that could be added to by other organizations around the world very very quickly meeting in a matter of days or or weeks so in this time of as i say that you the while bank along with the i.m.f. have also been calling for a bilateral debt from the fed the outpour us countries and i say the g 20 agreed to a suspension of that debt but that's essentially just a delay and it will have to be repaid at some point while developing countries are then still reeling from this pandemic what are your thoughts on how that should be addressed. the 1st step is to have the moratorium work so the countries save cash flow immediately. and that needs to also be expanded to commercial creditors which is something some of the countries are working on and it will be up to them to and and the world to figure out how that part of the process can work and then i think there ought to be before there's going to be an evaluation of that deb

president maybe this would but fitch ratings the rating agency has said that if the multilateral development banks if they do that their credit ratings are just going to you know fall so we can't all go that well that's the most important thing is the credit rating right thank you so much energy i think you. all right here are your headlines from the future in november you'll learn joe biden's brain parasite declares victory in presidential election many people are going to excited about that and on monday. police nationwide having trouble finding enough people walking around to keep brutality in pig condition and finally a week from now strip clubs reopen in georgia dancers wear nothing but mask sounds. that is our show but don't forget to grab the free r t america app portable t.v. it's at portable dot tv slash download and my new political humor book is that link camp book at dod cob you can grab the paperback or the digital version right now lee camp book dot com until next time goodnight and good fighting. 54 jets and more than 1300 military personnel are headed to air force base in alaska wh

project uses german technology and german financing a 740000000 year old loan from the state owned development bank k f w all this for coal fired power production that's being phased out in germany. the landslide in mop up he took place in 2010 in the village of a not guilty about 30 kilometers away but there was a landslide in the summer of 2017 also near a coal mine. or east coast kind of p.t.'s house was directly about the big crack. this is our east coast and his son petrus. they continually check on the condition of their home. the ground is still sinking it's too dangerous to go inside. to feel. the they've used their vote the bill is more than that he didn't need they got the power company doesn't want to pay compensation because they say there's no lignite here minutes up a look at us all a bit of work you know about us that but the mine is just 300 metres away so they should have known that something like this might happen but i'm it's not my job to tell them about any of those recordings cup if you meet with the can with just a good day you're here they should have warned us earlier to lo

know is this would be a 3 part package the 1st would be a 3000000000 euro loan from the german development bank but where the controversy really lies in the other 2 parts so that the german government would buy about 20 percent of tons of shares and in addition to that they would buy what's called a convertible bond and what that means is that it's debt that the government would be able to turn into stock if it wanted to if it would pull that lever they would have a 25 percent stake in left. and that number is really important because it's the threshold at which the government would be able to over roll all other investors if they wanted to block any sort of corporate strategy change they would have the power to do that with this 25 percent stake the government has said that they don't plan to utilize these voting rights they plan to be a silent participant but they have said that they could use that that 25 percent stake if for example the company is facing some sort of hostile takeover situation and that's what if situation is really what's worrying look tons investors right now. it's time no

countries this is really more the responsibility of the world than coffee in their american development bank big bilateral aid entities so it's a 2 track donor conference that we take place on tuesday the 1st feedback we were getting from donors is good on both tracks let's hope that at least a substantial part of these needs can be met it would be a crucial signal for countries and communities hosting venezuelans and of an assailant themselves. leaper grandy coronavirus pandemic is for schools around the world to close leaving millions of children without proper access to education it's often worse for children in refugee camps like these atari camp in jordan where $32.00 schools shut down so here's how one family is trying to make sure their 6 children keep up with their studies. ready set go sense dad and begins to record how soon do says she learned the letter rain today and lists off word starting with it. how to. have. one walk how do you. have. a long walk. the recording a center teacher who is working from home this is how the i-man family's 6 children are either learning 5 days a we

still rise and i know that they multilateral institutions have moved quickly but the african development bank the world bank. i may have other institutions all round the world they moved to making meth density finance and i believe bill now and dead that day i met i was given some measure of death and need to countries but let me tell you something the african continent has celt to help itself and has acted very quickly and the policymakers have been very responsible and i think that's also partly why we have seen danes today and so that's why is this we've had experience with the biotechs just diseases in the past so we have some strong systems to trace identify and trace contacts so people we have them same place in several countries and that has helped you know get that from western media or arguably doctrine goes. thank you very much thank you off of the break as from this week old british newspapers for the 1st time no longer have to disclose sales figures and made widespread lack of trust we investigated the economist magazine is a centuries remained of global influence a despite its au

indy's countries this is really more the responsibility of the world bank of the entire american development bank will take bilateral aid entities so it's a 2 track donor conference that will take place on tuesday defers to feed back we were getting from donors is good on both tracks let's hope that at least a substantial part of these needs can be met it will be a crucial signal for countries and communities hosting venezuelans and of an assailant themselves. leaper grandy coronavirus pandemic is for schools around the world to close leaving millions of children without proper access to education it's often worse for children in refugee camps like these that tare county in jordan where $32.00 schools shut down so here's how one family is trying to make sure their 6 children keep up with their studies. ready set go says dad and begins to record how soon do it says she learned the letter rain today and lists off word starting with it. how. have. how do you. have. a long walk. the recording is sent to her teacher who is working from home this is how the i-man family 6 children are either learning 5

countries and this is really more the responsibility of the world than coffee inter-american development bank big bilateral aid entities and so it's a 2 track donor conference that will take place on tuesday defer stayed back we were getting from donors is good ok on both tracks let's hope that at least a substantial part of these needs can be met it will be a crucial signal for countries and communities hosting venezuelans and of in this way and so themselves it's around the. point your let's let's have a look at another crisis right now facing refugees here in europe a new findings that we presented here on g.w. yesterday suggest that greek authorities have been beating migrants and illegally deporting them back to turkey because of the alleged physical assaults emerged earlier this year and thousands of migrants gathered in border areas off the turkish authorities encourage them to travel to europe many of whose the greek police are arresting them without warrants and forcing them onto boats bound for turkey who's running what is the the u.n.h. the us reaction to these accusations against

. >> reporter: emily burgos with the california infrastructure and economic development bank, or ibank, manages the state's small business loan guarantee program, a little-known fund with $100 million set aside to help businesses that have fallen through the federal cracks and can't get an sba loan. >> i'm expecting huge numbers throughout the summer and a large increase in participating lenders coming very soon. >> reporter: not only has the state of california started to step in where the federal government has left off but several cities like san francisco and alameda have also launched their own small business loan programs for those businesses that don't qualify for a federal sba loan. you can find out more information about those programs by logging on to our website. just go to nbcbayarea.com/investigations. >> stephen, thank you. if you have a story tip for stephen stock or anyone else in our investigative unit we urge you to give us a call. 888-996-tips. or you can simply visit our website, nbcbayarea.com/investigations. let's bring in our chief meteorologist jeff ranieri. we

and the world bank to function effectively, and actually be able to help developing countries. not in every case but there is a bit of a risk, the way the chinese with developing countries and the way they load the money. it's not necessarily conducive to serious people of them. i think lot of similar concerns. we talked to the americans all the time about policy. we in britain have different sort of economic relationship with the chinese, and i think that's probably going to continue. >> picking up on some of those points, you already mentioned you sat in the u.n. security council. you've read other roles in the u.n. as well. you want is globe as additions to work. you are probably amongst the best place people in the world to tell us what could improve in some of those mechanisms. have you got any ideas that we could implement with that use negotiation to get things moving a bit better at that level? >> oh well, if you have a spare day or a week or so, i'd be happy to sit here and rant. >> in a nutshell. >> in a nutshell i think there are several areas, some quite technical b

germany's development bank says the country's economy will probably not return to its pre-crisis level until fall of next year it's predicting germany's economy to shrink by 6 percent this year that is a fall in g.d.p. of around 300000000000 euros as a result of the pandemic fears of getting sick are also likely to dampen consumer spending for several months to come even as the businesses begin to reopen. now until there is a vaccine for covert $1000.00 people around the world are looking for ways to protect themselves or what if one of those ways involves an addictive substance scientists in paris are probing whether smoking and nicotine can stop people from contracting the disease. has been looking into it. take a deep breath to get ready for what's coming next before covered 19 francis' reputation as a land of heavy smokers sparked only negative headlines but in the middle of the coronavirus crisis the fact that more than a lot of french people smoke doctors to discover something they found hard to believe every morning i was. looking whether or. not. and then i have seen that we ha

germany's development bank says the country's economy will probably not return to its pre-crisis level until fall of next year it is predicting germany's economy to shrink by 6 percent this year that is a fall in g.d.p. of 3 $100000000000.00 euros as a result of the pandemic fears of getting ill are also likely to dent in consumer spending for several months to come even as businesses start to reopen. all right our financial correspondent in frankfurt chelsea delaney is with us hi shell see so a 6 percent contraction that sounds extreme how likely is this could we see even in an even steeper decline. it is certainly a term addict klein and it would be the steepest most severe recession. in germany's history since world war 2 but if you look at some of the g.d.p. forecast the economic contraction forecasts for other countries in other countries and europe as well germany does seem to be getting off a little easier if they are able to stick to a 6 percent decline in the broader euro zone is expected to see the economy contract by 8 percent the united states is expected to see its economy

is still rising i know that they multilateral institutions have moved quickly but the african development bank the world bank the i.m.f. other institutions all around the world in malta making their dance if i announced in a 1000000000 dollar now and dead of the i.m.f. i was given some measure of debt to lead to countries but let me tell you something the african continent has moved itself to help itself and has acted very quickly and the policymakers have been very responsible and i think that's also partly why we have seen the incidental deaths lower why is this we've had experience with other infectious diseases in the past so we have some strong systems to trace identify and trace contact stopped people we have those systems in place in several countries and that. well you don't get that from western media or arguably doctrine goes on joey alla thank you very much thank you top of the break as from this week will british newspapers for the 1st time no longer have to disclose sales figures amid widespread lack of trust we investigate how the economist magazine is for centuries remained of g

tough to see if we look at many many estimates out there last monday from the asian development bank essentially looking at the whole global economy global output shrinking something like 10 percent this year assuming that the outbreak can we can do roughly country within 6 months or so throughout the world largest economies mahler's economy oil has been a factor i suppose the only thing we save some of the smaller economies believe perhaps not asked dependent on this so my exports and domestic consumption so far as though less for example would be like vietnam where there had been used to see a growth of 78 percent this year the prats could still overweight a recession with very small growth if the other lucky but also one of the tool to few rare cases. and looking at just at the bigger picture and the reasons for this is it just because of the corner virus pandemic that i'm in the german economy for incense was already in difficulty before the outbreak there was a young lady trying to trade war what are the the other factors that have contributed to this. i think we must remember w

if we look at many many estimates out there last month being from the asian development bank essentially looking at the whole global economy global output shrinking something like 10 percent this year assuming that the outbreak can be contained roughly contained within 6 months or so throughout the world largest economies mahler's economy oil has been the fact that we must remember we are in the 2 worst you clearly are not a mature and grow cycle so grow who are going to slow anyway we are hoping that you will just be a steady so that will growth but obviously that wasn't to be the case so now we are seeing reset of the global economy how long you will be a new growth cycle starts we don't know but essentially around the region itself different stages of contraction obviously some countries start the contraction earlier we could talk about the com well obviously protests had been a drag on domestic economy and external demand we can talk about even japan where the consumption tax which was imposed or on height in october also contribute to the contraction that we saw in the quarter obvio

james villafuerte, senior economist for asian development bank. plenty more ahead.berg. ♪ haslinda: let's get you up to speed on the headlines from singapore airlines. does not expect to recover full services in 12 to 18 months. it expects some recovery. too early to specify. singapore air will not extend the lease of the triple seven 200 aircraft. it is on the back of the biggest quarterly loss, which it reported yesterday. in the lead up to those numbers, singapore airlines shares slumped the lowest in 30 years. down about 10% over the last three days. along with other carriers having a tough time in lack of clarity of where airlines go from here. a lack of clarity of how the industry will shape up after this. look at whatng a we are heading to towards the end of the week. we have global stocks on track for perhaps their biggest weekly retreat in something like seven weeks. our code anchor -- our coanchor is david and glaze. he is having a look at the overarching themes. we have been gathering quite a few rules of worry over the few trading days. david: you have t

war one fortunately we have received letters from world bank from mission development bank from we're un agencies who will be assessed and have to be honest come in fighting against our own outliers in addition this is michael as a medical doctor as an afghan on the opposite of the mr public and that. they should not forget that we understand and find. the translation. process rather than a stand on and. lost in war in afghanistan because you are has been to war and civil unrest has devastated most of infrastructures and afghanistan now that. verse 3 aspect that our reforms. i do use i just see the international community to pressure on the warring parties was an end to. never ending and enduring war in afghanistan while we hope your messages had thank you very much for speaking to us why he doing my ass spokesman for the afghan ministry of health thank you for your time this year much for having me. battle iran away some mosques have reopened in areas the government deems safe but the capital tehran remains a virus hotspot must play as a band because president has done rouhani says s