been signaling that they're close to a deal with congress for economic stimulus the federal reserve the u.s. central bank has been pumping money into the markets to keep the liquidity up so that has investors waiting back in but cautiously this is still on track to be the worst week since 2008 the s. and p. 500 fell 9 and a half percent yesterday and now it's just up under 2 percent so you can see it's still way down from where it was as the signs of this the economic fallout from the coronavirus continue to be evidence and weighed by investors we've got states of emergency declared in new york in states and communities around the country major gatherings have been canceled sporting events have been canceled people are staying home from work trips are being canceled so everywhere you turn you're seeing signs of the impact this is having on every day business every day commerce and so on until we know the full extent of the spread of this virus and exactly what the government here in the united states plans to do about it i think we're going to see more of this uncertainty thank you very much from new yor

stimulus package that kimberly was just describing we also had some more moves by the federal reserve the u.s. central bank today to continue to inject more cash into the markets to maintain liquidity. herm's of short term loans and so on and also promises as we've been hearing but with a little more direction on terms of industry bailouts we know now that the airlines want some $50000000000.00 to help them deal with these massive shutdowns and so forth so all of that is keeping things fairly calm today but there's still the prospect of a global recession which president knowledge for the 1st time on monday and now global ratings agency have been predicting as well so still a lot of uncertainty out there thank you christine salumi there in new york meanwhile iran has issued its most i warning yet about the corona virus outbreak suggesting millions could die if the public keeps ignoring health guidance a stark warning came from a journalist on state t.v. who of the public to listen to travel restrictions run is also temporarily freed some 85000 prisoners in response to the pandemic including the british ira

u.s. markets on tuesday recovered about half of what they lost on monday reassured by progress towards an $850000000000.00 stimulus package announced by the white house and more fed action the federal reserve the u.s. central bank announcing that it would take measures to keep credit flowing to businesses and individuals in the form of short term loans the white house for its part said that it wants to offer individual americans a one time payout to help them deal with this crisis and also allow individuals and small businesses to defer any tax payments that may be deal again to keep cash flowing in these times of trouble main sectors of the economy major sectors of the economy however continue to struggle airlines cruise lines hotels all seeing their strikes drop sharply again on tuesday as the fallout from the virus continues to be felt the white house planning to do more to help those industries as well but those plans are less clear one bright spot on tuesday clorox company one stock that rose 13 percent they are the makers of bleach. all restrictions around the world are becoming more severe as countries step up their efforts to halt the spread of the coronavirus iran has issued one of the most dire warnin

payments all of this keeping cash in people's hands also talk of new fed measures the federal reserve the u.s. central bank taking steps to alleviate tightening credit markets increasing short term lending opportunities again keeping cash flowing but still a lot of major underlying concerns in the big industries that have been most affected by the coronavirus continue to suffer airlines hotels cruise lines and energy sector prices are still down and that's a big unknown going forward the president and the u.s. treasury secretary steve did indicate that there will be steps to aid these industries but we don't have a lot of details on exactly what that will be and that's more controversial sell in congress going forward so yes a better day today things are looking up still a lot of uncertainty in terms of volatility however the volatility index remains quite high so a lot of uncertainty going forward thank you from new york kristen salumi. well the u.s. government meanwhile is considering sending checks to americans so they have cash to spend during the coronavirus crisis it's also increased the amount of ta

that you mentioned of 15 minutes calm things for a bit but the sell off continued the federal reserve the u.s. central bank attempted to step in and offer one and a half trillion dollars in short term funding to keep the markets going that only helps temporarily and we ended up where we are now at the end of the day and basically i think what's happening is the news is just coming in too fast for anyone to catch up we've had in the last hours broadway shows being canceled here in new york major sports leagues canceling the baseball is putting off the start of the season for 2 weeks basketball canceled flights being canceled president trump made an announcement cancelled flights from europe to the united states canceled prevented travelers from coming to from europe to the united states that's hitting airlines who are already suffering leading to request for more help basically the markets are very unsteady and nothing that the government has done so far has been enough to calm them down it's impossible to predict where things are going now but one thing that we can look at is the so-called volatility index

reduce their production further and they are causing the markets to panic basically federal reserve the u.s. central bank did take some steps to try to rein in the fear and the panic to increase money in the markets they took steps to put money into short term borrowing overnight that's supposed to create money in the markets and keep things going but as we've been seeing all day investors are very worried and they're moving into safer havens like gold with their money treasury bonds government treasury bonds but the yields there are all time low so what we're seeing signaled in the market is that this may be. moving beyond wall street to main street as a problem the concern being that as the health crisis continues that could take longer for the u.s. and other markets to recover and then you start getting worries about recession down the road even though the fundamentals of the u.s. economy have been strong investors start to worry that any prolonged impact could start affecting profits in the bigger economy and then ultimately lead to a recession of course again federal reserve trying to calm those fea

the show u.s. president donald trump has congratulated the federal reserve on another cut in interest rates the u.s. central bank on sunday dropped its target range to between 0 and point 25 percent it's the 2nd cut in 2 weeks aimed at shoring up the u.s. economy during the coronavirus emergency and also had advice for americans on how they should behave during the crisis. there's no need for anybody in the country to hoard essential food supplies they said to me could you please tell i'm just going by enjoy it have a nice dinner relax because there's plenty but you don't have to you don't have to buy the quantities. because it's hard to refill the stores on a basis as rapid as refilling them for more on that let's go to our correspondent stefan simons in washington stefan trump is urging the public to relax but on the other hand top u.s. health official has just told americans to protect prepared to hunker down is there a mixed message here yeah you could say it's always exactly what he said he's there to to relax and that we are that america is actually doing great and that everything is under absolute tremend

i made so much uncertainty the federal reserve which is the u.s. central bank has promised to make more money available for short term loans to keep cash flowing to financial markets other measures may be under consideration but so far they haven't been enough to reassure investors that the coronavirus won't take the entire economy christian salumi out to 0. 1 let's find out how. performing this tuesday rob mcbride in seoul for us so the markets in asia opened about 3 hours ago now how are things looking. a mixed picture this tuesday morning the volatility carrying over from yesterday monday with seeing some early drops but again rebounding possibly as a result of technical rebound because of course monday's drops were so big we've saw the nikkei in japan that opens down a big 4 percent but recovering very quickly it's down now one and a half percent the hang seng in hong kong that opened one percent down but again making back that ground and now at the moment flat here in south korea the kaspi index is down half a percent it is possibly a confidence has been r

made so much uncertainty the federal reserve which is the u.s. central bank has promised to make more money available for short term loans to keep cash flowing to financial markets other measures may be under consideration but so far they haven't kind of not to reassure investors that the coronavirus won't take an entire economy christian salumi out to 0. still head on al-jazeera. explosions as the afghan president warned in his rival adela separate ceremony to not write himself. here in the battleground state of michigan people are going to the polls to vote what could be the deciding day determines who runs against donald trump the general election i pay rolls on to detroit that story coming up. hello the most calm conditions throughout much of the middle east on the arabian peninsula some clouds as you can see here on the satellite on his way to western areas attack it does bring a few rain showers on cheese dip but really quite nice and very well scattered and north temperature and 16 degrees celsius where it is cooler is much further to the east in the n

i made so much uncertainty the federal reserve which is the u.s. central bank has promised to make more money available for short term loans to keep cash flowing to financial markets other measures may be under consideration but so far they haven't had enough to reassure investors that the coronavirus won't take in the entire economy precisely al-jazeera. u.s. president donald trump says it's planning to discuss with congress possible cuts to payroll taxes in response to the corona virus outbreak he made the announcement as he briefed the press a short while ago says the possible tax cuts will be substantial and can help support the economy as the country continues to deal with the outbreak one in 600 people in the u.s. have been infected. we are going to take care of them have been taken care of the american public and the american economy we are going to be asking tomorrow we're seeing the senate going to be meeting with house republicans which mcconnell everybody and discussing a possible payroll tax. cut or relief substantial really very substantial relief

away so the market could regroup things steadied a bit after that when the fed the federal reserve here the u.s. central bank announced that it would inject one and a half trillion dollars into the markets to help keep things going but that didn't really help much things continued to slide albeit a little bit more slowly after that there's just isn't a lot of good news for investors to go on here it all started with president trump announcing that travel from europe to the united states would be restricted that led to more flights being canceled by airlines they have been battered by the spread of the virus oil prices continue to fall events continue to be canceled and while all of the stocks continue to plummet one thing is increasing and that is the volatility index here which is a sign of how concerned investors are in the chance for wild sling swings that is at an all time high yeah all right sounds like a chris and thank you for that update from new york. well staying in the u.s. and all public access to the capitol in washington has now been shut off and broadway is being temporarily closed in new york

i mean so much uncertainty the federal reserve which the u.s. central bank has promised to make more money available for short term loans to keep costs money to the financial markets other measures may be under consideration but so far they haven't had enough to reassure investors that the coronavirus won't take the entire economy precisely out to 0. by u.s. president donald trump says he is planning to discuss with congress possible cuts to payroll taxes in response to the corona virus outbreak he made the announcement as he braced the press a short while ago says a possible tax cuts will be substantial and can help support the economy as the country continues to deal with the outbreak more than 600 people in the u.s. have been infected let's speak to ross in jordan in washington d.c. was the president and his task force very keen to show that they have the situation under control. that's right they are oh very much grappling with the fact that there have been so few tests available to confirm whether people have contracted this particular strain of the cor

i mean so much uncertainty the federal reserve which is the u.s. central bank has promised to make more money available for short term loans to keep cash flowing to financial markets other measures may be under consideration but so far they haven't had enough to reassure investors that the coronavirus won't take an entire economy christian salumi out to sea or. in other news of ghana stance president ashraf ghani is expected to issue a decree for at least a 1000 prisoners to be released this week the pentagon says the u.s. military has started withdrawing troops as part of its agreement with the armed group god he took his oath of office amid a rocket attack while they was a rival inauguration ceremony by abdullah abdullah a national strike is underway in mexico called a day without women following mass marches on sunday for international women's day female workers are staying at home they say they're showing what mexico would be like without them activists accuse the government of failing to take attacks on women seriously and women across argentina are expect

i made so much uncertainty the federal reserve which is the u.s. central bank has promised to make more money available for short term loans to keep cash flowing to financial markets other measures may be under consideration but so far they haven't been enough to reassure investors that the coronavirus won't take an entire economy christian salumi al-jazeera. afghanistan's president is expected to issue a decree for at least a 1000 taliban prisoners to be released this week the pentagon says the u.s. military has started withdrawing troops as part of its agreement with the armed group on he took his oath of office amid a rocket attack while there was a rival inauguration ceremony abdullah abdullah thousands of women across mexico have stayed away from public areas as part of a strike called a day without women after sunday's mass marches for international women's day and workers stayed at home to show mexico what it would be like without them and a mass murder trial has begun in the netherlands over the 2014 downing of a malaysian airliner 4 men are accused of

central banks scrambling to soften the impact of the pandemic. the dow jones and the ftse 100 closed almost 1% higher, but trading remains volatile. the u.s. federal reserve of england, and the european central bank rolled out fresh measures support the financial markets. still to come on al jazeera, zimbabwe braces with a health care system that has been crippled with years of crisis. and evidence of a prehistoric the eventat survived that wiped out the dinosaurs. ♪ ♪ anchor: hello. we were blessed with 30 degrees and adelaide and melbourne. a fairly rare event for march. you might get a clue from this arc of clarity that it will not last. the forecast is dropping us down to the middle 20's for adelaide and melbourne, and probably canberra. the cold air will eventually push that way. we are down to 25 by saturday. in perth, it is getting -- it is getting warmer. here just slid through tasmania on its way to new zealand. there e is a windy weekend on te way for you. for most of australia, it is back in the sunshine. it is still quite hot for some places. where it should be wet, where there is a hint for decent rain, not as much as you might want this time

greg: i want to get your impression on the action we have seen from central banks, including the u.s. federal reservee they doing enough to calm our nerves? charles: the central bank is doing the right thing in providing liquidity. i think it would be good to get some fiscal stimulus out of washington and the european governments. if that is done through sending people checks, that makes sense to me as a policy response. it is done by taking equity stakes in u.s. businesses, that is not a great response. i think markets will react differently under different policy responses. greg: thanks for joining us, charles. it is time now for first word with mark crumpton. the fda has been told by president trump to see if it can expand the use of an experimental malaria drug to treat patients infected with the coronavirus. at a press briefing today, the president and the head of the fda gave apparently conflicting comments about the availability of the drug. mr. trump said the medication had been approved and could be prescribed to patients. minutes later, fda commissioner stephen hahn said use of the drug wou

i made so much uncertainty the federal reserve which is the u.s. central bank has promised to make more money available for short term loans to keep cash flowing to financial markets other measures may be under consideration but so far they haven't had enough to reassure investors that the coronavirus won't take an entire economy christian salumi out to 0. and rob mcbride is standing by in seoul with more on what we can expect from the financial markets in asia on tuesday markets there opening about 2 hours ago how is it looking so far. that's right markets in early trade continuing this downward trend the nikkei plunging a nearly 4 percent soon after opening but bounding back quite strongly it's only down just below one percent at the moment some of this could be a technical correction because of course yesterday monday we saw such big drops in the market the nikkei down 3 percent the cost be that's the korean stock index down a full 4 percent but actually the kaspi after going down another one percentage point in early trading this tuesday morning bouncing ba

the u.s. federal reserve bank of england and the european central bank of old fresh measures to support the financial markets. while the global struggle to contain corner virus continues this also glimmer of good news from where it was discovered in china they were imported no new local cases on wednesday the 1st time since the virus was noticed in december in. iraq has begun a week long low down in the temp to slow the spread of the cooling of virus in iraq's confirmed 12 deaths from a virus that has more than 160 cases soldiers have been deployed in the capital baghdad police setting up checkpoints aid agencies are warning that refugees are increasingly vulnerable to the virus the united nations refugee agency says they're struggling to protect people in camps when i want to next thanks for your company but why. when a prime minister takes some lump of coal into his own home and that coal means a lot to the country's fortunes we bring you the stories and developments that are changing the way we. break it down but it was a slogan that whatever the problem is of course joe counting the cost on al-ja

the u.s. federal reserve has made new unemployment estimates rob reynolds has more on that from los angeles. so there's some pretty bad news from the u.s. central bank the federal reserve saying that 47000000 americans could wind up jobless and the unemployment rate could reach as high as 32 percent president trump said that at the end of this pandemic prices the u.s. economy will come back the governor of florida says he doesn't want a cruise ship with coronavirus patients on board to dock that 4 people have died and dozens of sick on board these on dime cruise liner it's heading towards florida to possibly through the panama canal passengers showing those symptoms were removed and taken to zaandam sister ship the most of them and again i got in miami says that u.s. authorities may allow the boat to dock elsewhere. they've been on this cruise ship since the beginning of the month they began in point is ari's went round to chile got stuck in panama the pun ammonium authorities eventually let them pass through the canal and they're about 3 days away from here in florida and the governor gave a press conference this morning one percenters basically gi

the u.s. dollar in the global economy, lending dollars overseas can disrupt financial conditions here in the u.s. to guard against such disruptions, the federal reserve maintains swap lines with five major central banks. when pressures emerge, those essential banks can contain the pressures in their jurisdictions and prevent them from impeding the flow credit you're at home -- the flow of credit here at home. [end video clip] host: we talk about the credit needs of households and businesses, do you think that is a good response? is it too early for measures like this? guest: again, not my area of expertise, the monetary side of things. i think as long as it is targeted to smaller businesses and households, it is possibly a good response. all i can say is the stock market's response is never a good thermometer of whether it is a good policy or a bad policy. i have seen it in other areas. in this case, they did not seem to like it. i don't know why. i think it is because this is not what they needed or maybe it is the fact that they already have low interest rates and lowering rates further at this point is not necessary. i am not exactly sure. it is something that apparently people thought is not work

the u.s. central bank the federal reserve said today that you know in a report that the pandemic could cause the loss of 47000000 u.s. jobs and 32 percent unemployment that is would be at an overwhelming number of people were much worse then during the great recession earlier in this century no trouble said that when the pandemic eps and disappears the u.s. economy will be back bigger than ever we had the greatest economy in the world with the greatest economy in the history of our country and i had to go from doing a great job for 3 years to shutting it down but you know what we're going to build it up and we're going to build it up rapidly and i think in the end will be stronger for it we learned a lot the governor of florida says that he doesn't want a cruise ship with coronavirus patients on board to dock that 4 people have died and dozens a sick aboard the cruise line up it's heading towards florida after passing through the panama canal and just showing no symptoms were removed and taken to zaandam sister ship the rotterdam let's go live out of miami and is there a saudi gallagher joins us

the u.s. market since 1987 we're seeing a bit of a rebound following an early rate cut from the u.s. federal reserve as the central bank tries to mitigate the economic impact of the krona virus markets to.

the u.s. central bank the federal reserve which issued a report saying that under certain circumstances under. some very poor scenarios the unemployment rate in the united states could rise to 32 percent with $47000000.00 people left out of a job but the president said that once the pandemic is over the u.s. economy will come roaring back better than ever because what he said earlier today . we had the greatest economy in the world with the greatest economy in the history of our country and i had to go from doing a great job for 3 years to shutting it down but you know what we're going to build it up and we're going to build it up rapidly and i think in the end will be stronger for it we learned a lot the governor of florida says that he doesn't want a cruise ship with coronavirus patients on board to dock that 4 people have died and dozens of sick on board these on dom cruise liner which is heading towards florida after passing through the panama canal and just showing no symptoms were removed and taken to zaandam sister ship the water down. there's been a wave of strikes across the u.s. as w

the u.s. central bank the federal reserve saying that 47000000 americans could wind up jobless and the unemployment rate good reach as high as 32 percent president trump said that at the end of this pandemic crisis the u.s. economy will come back we had the greatest economy in the world with the greatest economy in the history of our country and i had to go from doing a great job for 3 years to shutting it down but you know what we're going to build it up and we're going to build it up rapidly and i think in the end will be stronger for it we learned a lot here york's health system is getting a lifeline via the scene a u.s. navy medical ship has arrived to help relieve hospitals which of quickly filling up the 1000 bed ship will treat people with normal virus related ailments i think there have been times in recent days where a lot of new yorkers have felt alone lied to yorkers have felt. a sense of not being sure what's coming next not being sure of help would come. well i want to say to all new yorkers we have evidence here you are not alone we are not alone. our nation is helping us in our hour

the u.s. central bank the federal reserve board today saying that if some models prove true of the extent of the pandemic here in the united states $47000000.00 americans could lose their jobs and the unemployment rate could rise to 32 percent that would be catastrophic here's what the president said about what he thinks will happen once the rotavirus pandemic ed's here and across the world we have the greatest economy in the world with the greatest economy and the history of our country and i had to go from doing a great job for 3 years to shutting it down but you know i'm going to build it up and we're going to build it up rapidly and i think in the end will be stronger for we learned a lot. now elsewhere for the 3rd consecutive day spain has reported more than 800 deaths in the previous 24 hours and after 2 days of declines the number of deaths rose again to 812 but there is some hope that infection rates are slowing in both countries paul brennan reports. even with stringent restrictions empty streets and ever tighter regulations imposed daily declared corona virus cases in europe have now e

the u.s. market since 1987 we're seeing a bit of a rebound following an early rate cut from the u.s. federal reserve as the central bank tries to mitigate the economic impact of the coronavirus markets tumbled to yearly lows losing more than 10 percent and on tuesday things are back in the green but the question is for how long we're going to get to that shortly with some expert analysis but that's what's going on on wall street what about what's happening on main street please pardon the political cliche there an increasing number of businesses have been forced to close in major cities throughout the united states as of tuesday the united auto workers have called for a 2 week shutdown of plants operated by ford general motors and chrysler to safeguard their members from a crow virus outbreak movie theaters movie theater operators amc and regal will close for up to 12 weeks department store nordstrom will close for 2 weeks apple stores have closed and the list keeps growing on tuesday at the white house u.s. treasury secretary stephen moore nugent spoke about what the administration has planned to stimulate the economy

the u.s. market since 1987 we're seeing a bit of a rebound following an early rate cut from the u.s. federal reserve as the central bank tries to mitigate the economic impact of the coronavirus markets tumbled to yearly lows losing more than 10 percent and on tuesday things are back in the green but the question is for how long we're going to get to that shortly with some expert analysis but that's what's going on on wall street what about what's happening on main street please pardon the political cliche there an increasing number of businesses have been forced to close in major cities throughout the united states as of tuesday the united auto workers have called for a 2 week shutdown of plants operated by ford general motors and chrysler to safeguard their members from a krone virus outbreak movie theaters movie theater operators amc and regal will close for up to 12 weeks department store nordstrom will close for 2 weeks apple stores have closed and the list keeps growing on tuesday at the white house u.s. treasury secretary stephen moore nugent spoke about what the administration has planned to stimulate the econom

the u.s. central bank is taking unprecedented steps aimed at limiting the damage to the u.s. economy caused by the corona virus outbreak the federal reserve has promised to commit unlimited funds to buy assets as part of its quantitative easing program meanwhile the u.s. congress has again failed to pass a relief package worth more than one trillion dollars to support businesses republican and democratic senators have spent 2 days trying to reach an agreement on this stimulus package. you know the u.s. federal reserve promising to do what the european central bank is also promising that is to rev up the money printing presses for more i'm joined now by rob what's here from our business desk rob talk to me so the u.s. fed is really almost mirroring what we've seen here in europe isn't it yeah that's right this is the fed indicating that it is willing to do whatever it can to make sure that businesses have the money that they need to get them through this crisis is essentially pulling all the leaves that are available to it we've already seen interest rates reduced to as low as they can go to say the tool that the fed is now using is one th

the u.s. federal reserve helped stocks across asia regained ground on tuesday in japan where the central bank has announced its own major bond buying scheme gains across the board pushed the nikkei up 7 percent during the course of the day. meanwhile in europe the new lock down in london and the rest of the u.k. combined with the fed's actions to send the footsie motoring up more the 9 percent traders are responding to firm action where it's taken. in germany where the government has also announced a massive package to help the economy the dax is gains were in the double digits. but before we get carried away a look at the dax over the last month shows there's a lot of ground to make up and so far daily rises on coronavirus ravaged markets have been followed by even bigger drops. the positives like china's tentative steps towards normality are outweighed by the negative of coronaviruses continued spread to new to mainz only sure fire signs of the crisis is past its peak likely to bring an end to brutal bear markets. the coronavirus has silenced a voice from the world of jazz music cameroonian

the u.s. stock market surged today on hopes the federal reserve and other central banks will intervene and limit the economic impact of the virus. today's huge gains clawed back some of the ground that was lost in last week's massive sell off. today the dow jumped nearly 1300 points, the biggest ever point gain for the index. the nasdaq added 384 points. tech companies led the gains. also on kpix.com right now, you can check out our online obalreat tracks the at ithn 2020, the democratic presidential field is shrinking ahead of tomorrow's super tuesday vote. amy klobuchar has announced that she's dropping out on the heels of pete buttigieg suspended his campaign of finishing 4th in the south carolina primary. the remaining candidates are now in raceto pick up support from voters backing those candidates. natalie brand is live in washington where we're just hours away now from super tuesday. natalie? >> reporter: can you believe it, veronica? and interesting to note that more than 3 million ballots have already been returned in california in early voting across democrats, independents, and republ

be some kind of concerted effort by central banks across the world, particularly because it comes on the heels from -- of similar remarks by the u.s. federal reserve last week. and central banks have done this before. back in november of 2011, when we were in the midst of the european debt crisis, central banks around the world cut rates. and tried to stem the volatility in the markets. so i think that's -- that's what's triggering the rebound today. but we are -- we have a long way to go before we make up for all of these losses that the markets have suffered in the last week. and people, even before that move is even made, people are saying that this is not a financial crisis. this is an everyday problem. it's a health issue. it's a supply issue. it's a demand issue, as well. and they're wondering whether normal monetary measures, like a cut in interest rates, can do -- can really correct what we're seeing in the equity markets. but on the day, we are seeing a little bit of relief on the pressure for all of the indices here in asia. back to you. >> all right. kari, many thanks to you for keeping us up to date on how the markets are looking. goin

the fed making rate cuts. lows. at record our central bank today moving in-stat with the u.s. federal reserveutting by half a percentage point. our economists think there is more to come on the bank of canada as g-7 countries react to what is going on. vonnie: the canadian housing sector will need watching because it had been hot. that half a percentage point will be impacted canada. in terms of the u.s., it would be fun to look at the housing sector and how yesterday's emergency rate cut will impact that sector. the data has been showing it is healthy. investors optimistic and pending home sales and existing home sales came in strong. to refinance homes has been surging. that is the white line. it surged in the last couple days. this as mortgage rates tumbled. we are going to be seeing potentially refinancing and people taking out new mortgages. expectation, the fact the bank of canada went deep in its rate cut, it might inflame what we have seen, the loonie falling on the news of the bank of canada dropping basis points. the light to the upside means the value of our canadian dollar did dro

the u.s. federal reserve bank of england and the european central bank will that fresh measures to support the financial markets or cases of corn a virus in the states of new york have nearly doubled in one day to 5201 than 3600 of those are in new york city 29 people are already confirmed to have died in the state officials are ramping up testing in an effort to slow the growth gabe elizondo is in new york city and says local officials can explain the jump in numbers. and new york state has begun a widespread testing really for the 1st time on wednesday evening into thursday morning the governor saying that they tested about 7500 people in the last 24 hours and that is why we are exploring they were seeing this bike in numbers that is going to continue to go up and one side that's the governor said that's a good sign because we're starting to identify who has it and we're starting to get them into the hospital so that's in some ways we're seeing this bigger number it's in some ways a good sign he says but the downside of that is that you know they're testing 7500 in evening in a city of new y

hours the fed the american central bank the federal reserve they decided on sunday to cut interest rates to almost to 0 is the most dramatic intervention that the central bank has made in the u.s. economy since the 2000 the financial crisis they also put in place other measures as well for quantitative easing the markets in the futures on sunday didn't react well and that has been reflected in the markets on monday there don't i think the last time i checked was somewhere in the region of 2000 points there are a number of measures being considered by the senate at the moment you may remember me not that on the house on friday they passed a bill there to try and take steps that would help bolster the economy the senate has no good its hands in that bill and they are changing certain aspects mitt romney former presidential candidate a person who voted for donald trump's impeachment someone not well liked by the republicans but he is suggesting one $1000.00 to every american to try and help them through this crisis. thank you very much and all. now the day's other developments are on the pandemic the world health organization has urged countries to step up their response to the c

the u.s. federal reserve helped stocks across asia regain ground on tuesday. in japan, where the central bank has announced its own major bond buying scheme, gains across the board pushed the nikkei u up 7% duduring the course of the day. meanwhile, in europe, the new lockdown in london and the rest of the u.k. combined with the fact's actions to send -- fed's actions to send the ftse up 9%. traders a are was funny to firm action where it is taking. in germany, the government has announcing measures to help the economy, the dax's gains are in the double digits. but before we get carried away from a look at the dax over the last month shows a lot of ground to make of it debbie rises on coronanarus-ravaged -- daily rises on corononavirus-ravaged markets have been followed by bigger jobs. the positives, lili china's tentative steps towards normality come up and went by the negative of rotavirus'-- coronavirus's continued spread to new domains. only surefirire signs that the crcrisis is past its peak arare likely to bring an end to brutal bear markets. brent: for more, i'm joined by jens korte up

the u.s. federal reserve has cut interest rates by half a percentage point the central bank says it's an emergency move to protect the economy from the impact of the coronavirus virus outbreak is something that will require a multifaceted response there's also a monetary policy long term policy can be an effective tool to spur economic activity we do recognize that rate cut will not reduce the rate of infection it's a broken supply chain we get that we don't think we have all the answers but we do believe that our action will provide a meaningful boost to the economy. 19 people have been killed by tornadoes in tennessee nashville was one of the hardest hit towns the governor has declared a state of emergency. it is super tuesday in the united states the biggest day in the democratic campaign to become the presidential nominee on the hunt for those front runner bernie sanders who cast his vote in his home state of vermont. israel's right wing bloc led by the posse of prime minister benjamin netanyahu is leading election results but is still one short of a majority with most votes counted the likud

pandemic the dow jones in new york and fitzy $100.00 in london both closed almost one percent higher but trading remains volatile u.s. federal reserve bank of england and the european central bank old-i fresh measures to support the financial markets still to come here on al-jazeera zimbabwe braces for an i wait with the health care system it's already been crippled by years of economic crisis. and you evidence of tiny prehistoric chicken that survived the global event the wiped out the dinosaurs. hello we were blessed it's the world was 30 degrees again for adelaide in melbourne at least as it sydney joined into to fairly rare event for march but you might get a clue from this arc of clarity is not going to last the full cost has dropped things down to the middle twenty's at least for adelaide melbourne and probably count this is on friday we're a city so it's $36.00 that we're not out of because the cold air will eventually push that way and you don't about 25 by saturday they'd perth the off season is going to be warmer more humid well certainly warmer with their shows coming in to western australia whereas the rain here just straight through tasmania is on his way to n