fi fiat r through the end of the month, they will be doing a deep cleaning during that down time.rning, this afternoon they made the decision to close the factories, and automakers were already dealing with coronavirus, fiat chrysler had a plant that closed in michigan after an employee there tested positive. ford is deal be with a parts shortage, it was already closed. and in terms of pay, uaw represents 150,000 auto workers, gm and -- will get paid during this time. we're waiting to hear from ford on that. in the impact on the companies. fiat chrysler, in their statement, said, with our priority toward the health and safety of our work force we're evaluating impact of all stipess -- steps taken in company related to coronavirus emergency on our financial guidance. and for some believe -- perspec, latest work sto stoppage striket cost 3.billion, that was only n united states, not canada and mix mec as well, not all 3 companies. >> right, will tab tough, grady thank you. >> coronavirus crisis sparking fear, worldwide, prompting extreme measures, like travel bans. morgan o ortegas

pregnancy and abortion in america where such rights or lack of them are very different from state to state fiat says 1st let's have a look at the movie and some great acting from the 2 newcomers who really carry the film. that looks like a positive. defense paul luke is there any way it could be to. know the positive is always. this i mean most magical said. a young girl and a very big problem was folsom is pregnant and doesn't want to be i think you see trauma how she ended up in this situation is unclear for much of the film. but she certain she doesn't want to have the baby and the pregnant she becomes a huge psychological burden for her to focus to stay tonight but it's already too late for her to have an abortion in her home state of pennsylvania. so along with her cousin she travels to new york city without telling her parents. the film directed by allies a hit man gives a glimpse into the harsh reality facing young women in the united states who want to end pregnancies and how does this hired intention unsparing it shows us just how lost and desperate the goals are but it also celebrates

ford, general motors and fiat chrysler are all halting workers. factory workers can't work from home. workers will receive unemployment insurance and pay from their employers that will add up to nearly their whole play. other industries are asking for billions of dollars. the nation's airports asking for 10 billion. the nation's restaurants need a massive $325 billion bailout. there are 4.4 billion bars and restaurants in five states that have closed since saturday. that's a slice of what's going to hit the national labor market. >>> two members of congress have tested positive for coronavirus. the capital physician is now in contact with other house members who may have been exposed. at least 20 law members say they will isolate. >>> he's calling on everyone to, quote, keep things in perspective while the nation copes with the crisis. 97 to 99% will develop this and develop immunities. we don't shut down our economy because tens of thousands of people dion the highways. senator johnson says he is not denying what a nasty disease covid-19 can be.

three of europe's biggest car makers, fiat chrysler, psa group and renault are closing their plants. that's nearly 14 million workers whose jobs and income are on the line. >> at the stroke of midnight president trump's travel ban expanded to include the united kingdom. that follows a weekend of chaos and confusion at airports nationwide. officials vowed to be better prepared now and the u.k. is introducing draconian measures to slow the spread of the coronavirus. phil black live from london with the latest developments. phil, good morning. >> reporter: good morning, christine. yes, this is a really dramatic change in position for the british government. keep in mind that only a few days ago, late last week, its core message was wash your hands and stay home for seven days if you develop symptoms. now there is a range of new restrictions and instructions for people that include don't -- work from home if you can. don't socialize in public. no bars, restaurants, cafes, theaters. don't go out. don't have contact with people if you don't have to. if one person in a household falls ill,

we are getting headlines out now from fiat chrysler, saying it is going to halt its facility, shut downactories in syria, italy, and poland. they said those factories will probably close this month. we already had headlines from ferrari saying they would shut down production. and maseratiysler, will suspend all production in europe. this is in response to the spread of the coronavirus. it is important to keep social distancing when you are working hand in hand with others and a factory. we are just under an hour away from the start of cash equity trading in europe. let's take a look at where futures are. seemsd moved as big as it -- the fed move as big as it seems, did not impress traders. we see equities down in europe 4% or more.-- i think the pound is trading aroundow around a dolla -- $1.23. s&pts can go to 5% on the futures, and trading is halted. but apparently the issue is there are no bids. there are 8000 to 10,000 contracts at this price, and not getting bid at all. everything is on offer and there are no buyers. anna, what do you see on the gmf? anna: let me dwell on some othe

fiat chrysler has said it will suspend production at the majority of its european factories for the sameiod. on a more personal note, people are being urged to work from home where possible, particularly in london, where the virus is thought to have advanced faster than elsewhere in the uk. here's the prime minister at the first of what will now be daily news conferences from downing street. now is the time for everyone to stop non—essential contact with others, and to stop all unnecessary travel. we need people to start working from home, where they possibly can, and you should avoid pubs, clu bs, and you should avoid pubs, clubs, theatres, and other such social venues. that is a snapshot of what is to become a daily news briefing. so, how is business handling shutdowns and coping with staff affected by coronavirus? chris southworth, secretary general, icc united kingdom joins me now. one of the latest lines from the uk government is today it will announce new financial measures to help the economy, the chancellor is acted to be at today's briefing from street, what would you downing st

gm, ford and fiat—chrysler have all announced they are suspending vehicle production.world have raised concerns about potential shortages of the ventilators needed to treat critically ill patients suffering from coronavirus. uk broadband providers have experienced a surge in demand as more people work from home because of the pandemic. vodafone said it is experiencing a 30% rise in internet traffic across its uk fixed—line and mobile networks. talktalk said its daytime network traffic had risen 20% since monday. 0ne eu official has suggested that online tv services should stream content in lower resolution to protect broadband infrastructure. stay with us on bbc news, still to come: we'll be having a look at how the coronavirus pandemic is being covered in the global newspapers. today, we have closed the book on apartheid and that chapter. more than 3,000 subway passengers were affected. nausea, bleeding, headaches and a dimming of vision — all of this caused by an apparently organised attack. the trophy itself was on the pedestal in the middle of the cabinet here. now

. >> reporter: ford, fiat, chrysler, and gm about to halt u.s. production saying they'll sanitize all their plants. nationwide, many workers have already been laid off like manhattan bartender tanya. >> i just have to keep living my life. keep getting dressed in the morning. there's the ball of anxiety there constantly. >> reporter: jetblue now calling its losses stunning saying typical daily taking have fallen from $22 million to average of 4 and they're paying out $20 million a day in cancellation credits. some executives now taking a 50% pay cut. misery on misery, cancellations at chicago's midway because the control tower closed for cleaning after several technicians tested positive for coronavirus. in san francisco and elsewhere, millions now allowed out only for essential needs. >> i mean, the streets are, you know, fairly empty. >> reporter: essential needs include walking the dog and jogging. elsewhere some criticism that the young especially aren't taking social distancing seriously. >> they don't realize that they can be carrying lots o

fiat chrysler is now saying that its plants will be shut until april 14th that's four automakers today have said it will be well into april before production restarts scott, back to you >> and back to jim, phil, because you own gm tell us what you're thinking about auto stocks, because we have a question from dan in erie, pennsylvania, about those stocks >> yeah, okay, so -- and look, maybe we can bring phil back in on this. but sar for north american sales is tracking somewhere around $10 million for march. that's way down from the $17 million that we were tracking at and there's no reason to expect that that's going to pop up through the month of april maybe in may, maybe in june, we'll see. but, you know, if you're seeing a 35ish percent decline in auto sales in north america, that means that the inventory that's on dealer lots right now is plenty sufficient. so i'm not surprised to see the company say, look, we don't need to take the coronavirus risk with our workers, we don't need to produce right now let's sit back look, as far as the stocks go, i've been saying for quite some ti

any others fiat in a hammock of you had a magic idiomas what katie i would m make him a bobob ababout to see how that had it. but it had at the coffee. modal header and if you say the coffee. the yearly and numbers livid jennifer up old in this topic my knees and i will cancel out. your naked that william can doubt that had at the end so. i had a look ahead a little head of i think [inaudible] in t.. any doesn't want a commitment. the l. hump peggy [inaudible] working . too many people are involved yeah exhibitors. organizers. just putting people together to secure the maestro. i don't like this on it so far a symphony. let's do this and then we find out [inaudible] makes sense -- or today i woke up. at three o'clock this afternoon like around going into this i just want to dig a hole and hide it and i don't want to come. on come on it's time to celebrate now yeah it think. there was a message yesterday a lot of things the knots even arrive until now but i'm just close. it looks good and everyone seems to be happy so i'm happy. due to massive lots are you a class right hillary is flat

when we hear about fiat chrysler having to shut down a plant, i think about the supply chain. hear about empty show rooms the lunar new year, is it a supply or demand problem? oliver: we had the new year celebrations and after about that for two weeks people did not return to routine. then, of course, that influenced our market in china specifically in february. and we it is normalizing currently don't see serious effects on our supply chain in china or here but, that is something we have to watch every day and every hour. .att: it is quickly evolving, a couple weeks ago your cfo says bmw still expects 5% to 10% sales growth in china. can you confirm that is still your target? oliver: we expect growth in china and for the rest of the year. whether that's true for the coming weeks i would not be able to confirm, but it's too early to make predictions for the full year. bmw is still a growing brand. matt: this morning, they revealed their new i4, the car you see behind us. i was scouring the internet for news of it yesterday. i got to see it in person before the debut, which was

and fiat chrysler will do the same.in addition to unemployment benefits. >>> on wall street, stocks plunged, setting off another circuit-breaker today after the opening bell. the nasdaq down 344. and the s&p down 131. crude oil closed below $21 a barrel for the first time since 2002. >>> the stock market will be closing their trading floors in new york and san francisco beginning on monday. you will trading will be done electronically after a trader and an employee in new york tested positive for the virus. the employee was most recently in the building last friday. the trader was screened at a checkpoint and sent home on monday. >>> there's still some scour out there now. more to come as we head toward the weekend. they're getting close. friday is just around the corner. five-day forecast is next. my money should work as hard as i do. so i use my freedom unlimited card to buy all the latest tech stuff. today, i'm earning on a charger. so, just the charger then? ummm... ♪ ♪ ♪ ♪ yeah! (sarcastically) fantastic. earn 1.5%

ford and fiat chrysler have already closed their factories in europe.ng to find out if the tesla factory in fremont will shut down. tesla's being criticized for keeping factory up and running during the shelter-in-place order. an e-mail from tesla claims the vehicle manufacturing there is a crucial sector. but on twitter, the alameda county sheriff said that factory is not an essential business. still not clear if the factory will be open today or whether the county will take any further action. >>> the nation's top infectious disease doctor says the u.s. cannot contain the coronavirus without the help of young people. >> you don't want to put your loved ones at risk, particularly the ones who are elderly and the ones who have compromised conditions. >> health experts were alarmed at the sight of college students congregating at florida beaches for spring break. florida's governor is now shutting down all bars and nightclubs for the next month. he says healthy young people can pick up the virus, not know they have it and pass it on to the elderly. >>> a

ford, general mow torsion and fiat chrysler all halting production.ry workers can't work remotely from home. they will receive unemployment insurance and pay which will add up to their pay. others are asking for billions of dollars of help. the nation's restaurants wanted 325 dld. >> the other is 15.6 million workers -- restaurants for jobs, that's just a slice of what's going to hit the national labor market in the days ahead. >>> two members of congress have tested positive for coronavirus. mario diaz vallart and ben mcadams of utah. the capital physician is in contact with other house members who may have been exposesd as well. >> 40% of hospitalized patients are age 25 to 54. >> a lot of millennials thought they were immune and they're not. >>> for the first time since the outbreak mainland china reports zero new cases. cnn live around the world next. ♪ work now, play later. pay your dues. climb the ladder. all your life, you've been told, "business first, fun later." but why not live your dream, now? ♪ the mercedes-benz spring event is here with

g.m., ford and fiat chrysler came to the agreement with the united auto workers yesterday. >> for more go to cbsmoneywatch.com. at the new york stock exchange, i'm dana king. >>> looking for something to bing while you practice social distancing. >> hulu dropped a new show that is sure to bring the heat. >>> someone burned down your house with you inside. >>> reese witherspoon and kerry washington bring sparks. the series follows the intertwined faith of the family and a new mother and daughter in the neighborhood. it is streaming on hulu today. >>> 4:47 right now. as we get a check of the forecast with mary, still some rain. >> yes. we're not done with the wet weather yet. the low pressure system is a slow mover hanging around still just off the coast. with it so close to us, we have that unsettled weather that continues for today. let's zoom in here. you can see that wet start to the day from san rafael, across the golden gate bridge into san francisco, across the bridge and into oakland, alameda, hayward, concord. san ra mome getting light rain. all of this is pushing to the south,

borja: fÍate que has escaso minuto la secretaria de prensa de la casa blanca sea una recomendaciÓn yando y cada dÍa mÁs, de momento no van a recomendar a la poblaciÓn que no tengan contacto con las personas. asÍ que hay que estar muy pendientes a este coronavirus y vamos a seguir con esta cobertura. carolina: hace horas otra crucero mÁs está bajo la lupa. llegÓ a la costa sur de florida y desembarcaron. los cdc informan que al menos dos miembros de la tripulaciÓn pudieron haber estado expuestos a este coronavirus. dichas personas se habÍan trasladado hace mÁs de dos semanas del crucero gran princess que estÁ en california donde mÁs de una veintena de personas resultÓ positivo al cobid -19. >> los contagio por este virus en el Área test atalanta aumentaron en mÁs de un 145%. de 40 nueve casos subiÓ a11 y nueva york registra 115 . la mayor parte de estos estÁn en el condado west, por lo que el gobernador declarÓ el estado de emergencia en new jersey. carolina: hablando de nueva york, de no hallarse en los Últimos minutos se informa que el jefe del puerto habrÍa dado positivo a este vir

other majajor autoo makers including volgs wagon, renault, and fiat chrysler have decided to idle theirin europe. many of the e employees are unae to travel to work because ofof e restririctions of movemenent th have been put in place. they have led to a plunge in sales and stalled the delivery of parts. >>> temporary auto factory closures are also coming to america. japanese car maker honda says 12 plants in the united states, canada, and mexico will be shut for six days from monday. the moves will reduce production by 40,000 vehicles. toyota will halt operations at 13 factories also on monday and tuesday to disinfect them. officials at u.s. auto makers, general motors, and ford have decided to close their plants until march 30th. china's economy has been dealt a major blow by the spread of the coronavirus. three key indicators including retail sales have plunged falling for the first time since data became available online in the 1990s. we take a look at what the numbers mean on the ground for chinese businesses. >> reporter: this footage obtained by nhk was recorded on march 5th in t

ford announced today it will reopen some of its plants as early as april 6th, while toyota and fiat chrysler extended their shutdowns until later next month. in a rare interview, the chairman of the federal reserve acknowledged the country may already be in a recession but did say there was reason for hope. >> if we get the virus spread under control fairly quickly, then economic activity can resume. >> reporter: on saturday, the president will head to norfolk, virginia, to see the u.s. navy heads potyonavir res >> thank you. >>> on that note, tonight new york's governor, andrew cuomo, state upitalizations in the w yorkas nearly half of all the coronavirus infections here in the u.s. 911 operators in new york city say they're on pace to receive as many as 7,000 calls just today. a hospital in the borough of queens is now the center of the crisis. and mola lenghi is there. mola? >> reporter: well, in just 24 hours in new york city, 100 people have died due to the virus. across the state, 1,200 people are currently in icu. medical staff from doctors to nurses to emts, they're struggling to kee

detroit's big-three automakers, ford, fiat chrysler, and general motors will all temporarily close factories, putting close to 200,000 autoworkers at home to sit idle. >> they should have shut down when school shut down. that's when they should have shut down. >> reporter: from the ground to the air. the president said he would effort $50 billion in aid to the airline industry. the travel industry has been hit so hard, they say they need $150 billion just to survive. >> i think that's kind of everybody's biggest fear is how long is this going to go on for. you know, we live off our tips. >> reporter: at most hotels, with less than 20% occupancy, marriott hotel company started dismissing tens of thousands of workers on tuesday. in sacramento, hotel guests were told the hyatt was closing and they had to leave. >> the fact that there's no one around, nobody in the streets. it's quite frightening. >> reporter: the leading labor union says nearly 300,000 hotel, restaurant, and casino workers will lose their paychecks in coming days. nowhere is the impact more >> my everyday life is affected to pa

issue that has rolled into this that is not getting any attention, which is the federal reserve and fiat currencies, since the 2008 crisis, the federal reserve has been pumping u.s. dollars to hold up the stock market, and the one misstep of our president who i think is a narcissist, he took credit for that as if he was the one that recovered the stock market where they kept pushing money into it and now it seems that they are not able to do that anymore, and it may be the case that the bubble is collapsing, and there is a law fraudulent activity going on, and that is one of the ways that they dealt with 2008. and people who do not know what they are buying, so anyway, the point being, there is a lot of bad activity going on with fraudulent fiat currency that is not being discussed, so the impacts on the economy may not , butst a coronavirus basically when you are watching sensationalist news on tv, they are pushing a narrative that is based on facts, but they are not necessarily reporting the actual situation. of other reports on the economic impact, the front page of the wall street jo

motors, and fiat chrysler have announced they are shutting down factories due to the pandemic. the white house is lobbying congress to pass several legislative packages, collectively amounting to more than a trillion dollars to flood the u.s. economy with cash. the administration says it is helping to ease the burden on businesses, like airlines and individuals who are losing income. opposition democrats believe overall response is still too slow. >> behind the eight ball on tests. we are soon going to be behind on i see you beds and ventilators as more and more people get sick. the administration did not pay attention. now we are paying the price. pres. trump: chinese virus. reporter: in the midst of the effort, trump accuses -- trump insists on calling it the chinese virus as reporters ask whether the president is being racist. pres. trump: it's not racist at all. it comes from china. that's why. reporter: it is a posture trump insists is appropriate given he sees himself as. >> a wartime president. the frontleading against what he calls america's invisible enemy. >> a bill h

ford, fiat, chrysler have closed their factories in europe. we're still waiting to find out if the tesla factory in fremont will close. tesla's getting criticized for keeping it open. tesla claims the vehicle manufacturing is a crucial sector. however, on twitter, the alameda county factory says that factory is not an essential business. still not clear whether that factory will open today or the county will take more steps about it. be sure to keep up to date on everything and download the free ktvu fox 2 news app. you get all the latest information on the coronavirus pan demotic and get ation sent straight to your mobile devices. >>> it is 4:39. back over to sal castaneda. and we'll check in on traffic this morning. smooth sailing if you do have to drive. >>> just to remind people that traffic rules are in effect. you still have to drive safely. let's go out and take a look at what we have here. no major problems on any of the bay area roads, of course. and you can see there haven't been any unusual backups anywhere. and there's just a littl

reporter: connell, fiat chrysler the last of the detroit three automakers confirming they will suspend operations at north american factories through the end of the month. general motors and ford will not be producing any cars in their north american factories through march 30th. all of these automakers had pressure on them from the united auto workers union. they met with ceos of the big three last night and the result of that was not to suspend operations but that was all reversed this afternoon and now all of the big three automakers will suspend operations through march 30th n the case of ford and gm and through the end of month in the case of fiat chrysler. this is what the united auto workers had to say about this decision, they say, uaw families, members and our communities will benefit from today's announcement with certainty we doing all we can to protect our health and safety during this pandemic. there are 150,000 uaw workers across all three of these companies n terms of pay, we asked that of all automakers, will employees be paid while they're not working? we haven't heard

delivered full volume at a fiat-chrysler plant. >> look, there's a reason why we have a middle class.all street didn't build the country, y'all built the country. you built the country. >> reporter: but along with the chants and cheers, an angry confrontation with one auto worker, who confronted biden on guns. >> you are actively trying to take away our second amendment right and take away our guns. >> you're full of [ bleep ]. >> all right, all right. shush, shush. i support the second amendment. the second amendment just like right now if you yelled fire, that's not free speech. from the very beginning, i had a shotgun, i had a 20-gauge, 12-gauge. my sons hunt. guess what? you're not allowed to own any weapon. i am not taking your gun away at all. do you need 100 rounds? no. >> you're going to take our guns. >> i did not say that! i did not! >> reporter: still, biden is soaring in the polls, but bernie sanders is fighting on. >> bernie! bernie! >> reporter: the senator is looking to turn the tide and pull off a shocking upset in michigan, as he did in 2016 against hillary clinton. >

fiat chrysler almost 4% in terms of the decline.he united auto workers requesting a two-week shutdown of detroit automakers operations. this is coming out of reuters. the uaw said gm, ford, fiat were not willing to implement the request to shut down operations. they asked for 48 hours to put a comprehensive plan together. that is what the uaw is waiting on what the plan is to safeguard workers. this is certainly an area to watch as well. everybody is trying to prevent the community spread of the virus. all kind of businesses across the board are shutting their doors, telling people to work from home if they can or not come in, so they're not in contact with each other as part of the social distancing. deirdre: jackie, just noticeably it seems, at least i remember reading that the nyse is staggering people from their posts. are you seeing that, feeling that today? reporter: yeah, look i've been coming down here for the last three weeks on and off during this volatility. i will tell you this week believe it or not i actually feel the

ford, gm, and fiat chrysler have faced intense pressure from ns who are concerned abo the safety of workersval honda had already announced a six-a halt in production in the u.s., canada, and mexico. away from virus news, bernie s'san's campaign team says he is assessing his next steps after suffering defeats to joe biden in the race to be the democratic presidential nominee. biden won all three of the contest in florida, illinois, and arizona.g you are watchbc world news america." still to come on tonight's program, the effect of the coronavirus on the vulnerable. we look at h america's homeless population is faring in the crisis. >> what happens if your momts projou?-0- rejects you? >> that going to hite hard. >> have honked my family without really knowing it-- harmed my family without really knowing it? th was my thought. >> whatre little black girls gog to think of you for protecting white supremacists? >> like drinking out of the river because it is all dirty now. >> "our world" is a unique series of films on the bbc, offering unique insights into global events. >> i believe in this pl

with regard to your first question, can we see the president sign a dpa saying ford has to do this fiatysler has to do this, and the lant has to do this, and at this point the president has only signed this defense production act requirement specifically for general motors. now wlehether or not we see tha expand we'll see if we need as many ventilators as we need in this country it wouldn't be surprising to sign it for other manufacturers by the way, ford said it will be working on increasing ventilator production with ge health care so it's not as though other automakers and other manufacturers aren't doing anything >> yeah. phil lebeau, big breaking news on gm and a personal issue the president has with gm ceo mary barra and great week, be well. be safe, have a good weekend and let's get to the all-star trading group and guy adami, you're seeing the headline, best week for the dow since 1938. it's a ridiculous. i get it, it's true, i don't like it. the all clear has not yet sounded, i would imagine. >> yeah. you had major news organizations in the digital world with headlines in a new

the three major carmakers ford general motors and fiat chrysler. said at the closing their factories for the time being. okay that's all for now to stay with us here on fronts twenty four. silver fell because they needed it she likes it but not. at the facility only by the two on the adult. this was just once in don't need to be. the mobile phone you have power to chchange it the- way e eat. and improve this you choose. welcome to all fronts in focus i'm not a shalaby this week we're looking at the french. to food called. join us in one paris's famed much to match the size i'm not the perfect play to live on. produce now i the high and guest on he expects to lead the pack on the such as trace of. all controversial attitude in fact the has had its fair share of candles please consume with a nasty aftftertaste. milk and meat. basic food products that have sparked scandals france the last ten. in twenty thirteen the song and was to course. even though it's part set to contain b. at the of the affair spon hero the french company was accused of false ad

other manufacturers such as ford, nissan and fiat chrysler have also suspended work at factories in spains. a man who stockpiled nearly 18,000 bottles of hand sanitiser has given it all to charity, according to reports. matt colvin, from tennessee, who was the subject of a new york times article, is being investigated for price gouging after he tried selling the sanitiser of an inflated price on amazon. the actor idris elba has announced he's tested positive for the coronavirus. the star, who's been isolated since he found out about his possible exposure, said on twitter that he doesn't have any symptoms, feels ok, and will keep people updated about how he's doing. the spanish government has announced sweeping measures, allowing it to take over private healthcare. the number of cases there has risen to almost 9,500, and more than 300 people have died. spain has declared a state of emergency, placing the country on partial lockdown. damian grammaticas has more. this is spain on a warfooting, the military mobilised for this fight against the virus. instructing people to go back to their hom

fiat chrysler says that its subsidiaries.st of their european manufacturing plants. the italian—american car—maker says the temporary suspension would last until march 27, as the coronavirus epidemic continues to spread. the french luxury group lvmh said it would begin producing sanitising hand gel. its french factories that produce perfume and make—up for brands like christian dior and givenchy will temporarily change its production line starting today. the group says 12 tonnes will be produced as soon as this week and will be delivered "at no charge" to french health authorities. for the media, there is only one story in town. coronavirus is dominating the news agenda. joining us now to have a look at some of the different stories is russ shaw, founder of tech london advocates — let's start with the story in the ft about the strain on broadband. and with the surge in her work, but you are not convinced. i sincerely hope we can but if you look at spain, and italy, the network operators have really struggled to cope with the

manufacturers announce shutdowns in their european operations, including vauxhall‘s parent psa group and fiatysler. in france, president macron announced a ban on people leaving their homes, unless it's essential. and, in the past hour, finance minister bruno le maire has announced a 50 billion dollar aid package for businesses. the government is forecasting a one—percent drop in gross domestic product for 2020, in other words the economy shrinking. hugh schofield joins us live from paris. tell us more about the announcement today, helpful businesses in france? it's part of an ongoing programme of help that the government has been announcing. yesterday president macron said there would be a 300 billion euros loan guarantee from the government to banks so that companies, big and small, can continue to operate. then there is this money which is going to be given today, i'm not sure in quite what form, but we have had some ideas already. for example, any company whose staff have to go on temporary unemployment will have the salaries that they continue to pay reimbursed by the government. small c

and those numbers are rising with ford, general motors and fiat chrysler all temporarily closing u.s. plants because of the coronavirus. the markets had another big sell off today. the dow finished down more than 1,300 points. and back here in washington, both california senators voted in favor of that phase two relief bill passed today in the senate. senator feinstein saying in part, we need to ensure that families suffering from this virus are taken care of and this bill gets us closer to that goal. and senator kamala harris adding it's time to get to work on further solutions for working families across our country, including providing direct support to workers whose wages have been cut or who have been laid off. again, lawmakers and the white house still negotiating this much larger trillion dollar stimulus package. one other headline out of the white house today, the president says the department of housing and urban development or hud will suspend foreclosures and evictions through the end of april, allen? >> every bit's going to help. natalie brand at the white house, thanks so

ford, gm and fiat chrysler had faced intense pressure from unions, who were concerned about the safetyairline, qantas, has announced that it will ground all international flights from later this month and temporarily stand down two thirds of its workforce. the airline said its executives and board would take a 100% pay cut until at least the end of the financial year. in his latest news briefing, the director general of the world health organization praised south korea for its efforts to tackle coronavirus and said other countries could learn from them. a month ago, the republic of korea was faced with accelerating community transmission, but it didn't surrender. it educated, empowered, and engaged communities. it's developed innovative testing strategy and expanded lab capacity. it rationed the use of masks. it did exhaustive contact tracing and testing in selected areas, and it isolated suspected cases in these designated facilities rather than hospitals or at home. as a result, cases have been declining for weeks. at the peak, there were more than 800 cases, and yesterday, the repor

fiat has temporarily shut plans in italy. ford motor's will likely be forced to cut a dividend.arkets says the infection is affecting the auto industry. falling as much as 50% in the u.s. ford has assured investors it will maintain its dividend. says the virus will prove too much of a burden. haslinda: markets in melbourne. we are seeing the biggest decline since black monday. indonesia down. indonesia announcing tax breaks for 19 sectors. someenact import taxes on goods. those details are coming fast and furious. circuit breakers triggering left or right and center. losses seem to be mounting. in japan, the nikkei extending losses. kyoto reporting the government holding an emergency meeting on the stock exchange. the be ok discussing the need for a special meeting. more to come. this is bloomberg. ♪ haslinda: friday the 13th. not looking good. the sti down 11%. in the middle of the trading day, so far this week, the sti down 15%. there is a beneficiary. the exchange is benefiting from the frenzied buying and selling of assets. the sti down i more than 5%. let's get to the first

bubbles and crashes we've seen in the past 20 years are a sign instability and for gelati of the fiat's system and you've been writing recently that you see the end of the fi out era so talk about that alistair yes we have come up with really a real real crisis and the template for this is an interesting. none of that was john roll 300 years ago france mississippi bubble at the tail end of 7019 he was trying desperately to puff up the mississippi bubble before backing it with a bone cryo which that state was effectively the french central bank now he had control over the printing of money off that bank and he he puffed up the share price by printing money the currency started to fail 1st and then the major failed and when the measure failed by september 17th 20 there was meant to be some value in the share price like it had fallen from a bus $11000.00 libra down to around about 2000 lever but tellingly the value of the lever a itself in the foreign exchanges was a 0 there was no exchange for it so in other words the whole thing got wiped out all that model in less than a year and it loo

most people think of that and say oh i'm going to make money i'm a speculator i want to make more fiat's. what we're talking about is like when this system falls apart when there is no more central bank when there is no more government as we know it that is when gold and picc line that they don't need those institutions to bequeath it with value then these are outside of the system that is falling apart and we saw all of this in the beginning of this week we saw all those a huge move in gold on monday it was like $80.00 which was the biggest dollar move in history and then the next day it was like $125.00 but breaking records again so we're going to see records being broke all the time as the system unwinds and you know of course we're going to go into that right now with what might have happened because of course nobody knows a lot of these things about this pandemic in terms of the virus but also the consequences and the financial system which is so complex nobody knows what's happening but there are some theories about what happened with gold earlier this week and i want to turn to th

bubbles and crashes we've seen in the past 20 years are a sign instability and for gelati of the fiat's system and you've been writing recently that you see the end of the fi out era so talk about that alistair yes we have come up with really a real real crisis and the template for this is an interesting. none of that was john roll 300 years ago france mississippi bubble at the tail end of 7019 he was trying desperately to puff up the mississippi bubble before backing it with a bone cryo which that state was effectively the french central bank now he had control over the printing of money off that bank and he he puffed up the share price by printing money the currency started to fail 1st and then the major failed and when the measure failed by september 17th 20 there was meant to be some value in the share price like it had fallen from a bus $11000.00 libra down to around about 2000 lever but tellingly the value of the libra itself in the foreign exchanges was a 0 there was no exchange for it so in other words the whole thing got wiped out all that model in less than a year and it looks

know since the plaza coord in all this sort of stuff that you are you need to maintain faith in the fiat's currency right for this whole system to survive as it is this is the worst of times for that system as not coming back they all think it's coming back it's not coming back for them because what you're seeing with this desire for physical gold is not just speculative exposure to the price because that's where you go in the fist in the paper markets you want the actual thing because you are starting to lose faith in the system and i notice ordinary people are starting to question this as well not biased necessarily buying gold but if you've noticed on twitter a lot of people have noticed since we're printing up trillions of dollars all over the world every government's printing uro's or pounds or dollars is they're saying well why do we have to pay taxes anyway and as you and i have pointed out here the taxes are just in order to maintain people's belief that there's some value in it like i have to work to i have to pay these taxes that means the government really thinks these are valua

detroit's big three automakers-- ford, fiat-chrysler, and general motors-- will all temporarily closeactories, putting close to 200,000 autoworkers at home to sit idle. >> they should have shut down when school shut down. that's when they should have shut down. >> reporter: from the ground to the air, the president said he would effort $50 billion in aid to the airline industry, the travel industry has been hit so hard, they say they need $150 billion just to survive. >> i think that's kind of everybody's biggest fear is how long is this going to go on for? you know, we live off our tips. >> reporter: at most hotels, with less than 20% occupancy, marriott hotel company started dismissing tens of thousands of workers on tuesday. in sacramento, hotel guests were told the hyatt was closing, and they had to leave. >> just the fact that there's no one around, there's nobody in the streets, it's quite frightening. >> reporter: the leading labor union says nearly 300,000 hotel, restaurant, and casino workers will lose their paychecks in coming days. nowhere is the impact more immediate than