financial times, coronavirus. financial times, says long—term economic prospects are expected to be downgraded in the event of the budget which is on march 11. because of the impact of boris johnson ‘s post—brexit crackdown on eu immigration. finally, the metro says the doctor says no, that is the headline on the front page of the metro, looking at the delayed release of the latest james bond movie, which is called no time to die. many are pointing out the irony of the title of that film. so let's begin with rebecca harding, who's ceo and founder of coriolis tech. this has been the case every day this week and last week, it is all about coronavirus to a great degree. the daily telegraph focusing on the uk, numbers going up and up by the day but this article is looking at the concern that actually in king's college hospital there are two new patients that were ona ward. are two new patients that were on a ward. i think the danger here is we're going to get a lot of these stories. the stories will get more about the

rachel, the financial times, ministers under fire new normal is.achel, the financial times, ministers underfire for new normal is. rachel, the financial times, ministers under fire for the situation over ventilators and supplies have said the call came too late. offers were not taken up, it seems. “— late. offers were not taken up, it seems. —— suppliers. late. offers were not taken up, it seems. -- suppliers. several points made in this piece in the financial times and it starts by saying there are currently 8000 ventilators which the nhs has and it will be receiving 8000 more by next week but it needs a total of 30,000. some of the criticisms made include that there are companies that make ventilators that offer their services to the government but did not hear back. one company said it was able to provide 500 and did not hearfrom government. there are other cases of other companies that are able to make ventilators but were not asked and they wonder why other companies without that expertise such as dyson have been asked to make those ventilator

that was yesterday so we financial times.e won't talk about that too much. 3.5 million test, what do we need to be careful with on this given that the fact that we are not science journalists, we are trying to catch up with everything? the times want to lead with the word hope. the interesting thing for me is that we have this really encouraging news to come out in the morning and then professor chris whitty who is the chief medical officer later in the press co nfe re nce officer later in the press conference stood alongside boris johnson. he actually cautioned, wait, we need to test these tests to make sure they work because a test thatis make sure they work because a test that is bad is worse than no test at all. even if we find they work, priority must go to our nhs front—line workers social care workers. he said actually, everyone calm down, it's not that likely that we will see online deliveries next week. there were reports we might be able to go on to get amazon orders of these mass tests. the reason is hopeful is tha

talk about the global stock market and the financial times, traumatic day.h has spurred central banks to step up action although many people would also say the european central back took action, the key rate of interest. perhaps not enough is being done. the fed came up with some extra action but it certainly doesn't have seem to have come to the market. what we haven't seen as a co—ordinated approach in the british government published its budget on wednesday, the europeans have come out with something different. so there is in the same co—ordinated approach we saw in the global financial crisis and stop also problematic is the fact that we don't have very much room. there isn't much we can cut of interest rates. 0.5%, but we are now down to 0.25%. not much wiggle room. a number of stocks fell by more than a third. the japan times is reporting on our hospitals are low on the last resort remedy. these are ecni resource intensive but cutting—edge machines. a fraction in the uk, compared with japan. this comes back to the strategic point that we started with w

the financial times focusses on the british finance minster‘s plans to help businesses, by delivering rescue package for companies. usa today praises several supermarkets for setting aside shopping times when seniors and other groups at risk from covid—i9 can shop on their own. and, under the headline "wedded miss", the sun report on what it calls "coronavirus chaos" as the church says weddings will be limited to just five people, prompting the question, is this sufficient to celebrate the best day of your life? we normally have a guest in the studio to review the papers with us but because of the coronavirus outbreak the bbc has decided to implement a little social distancing. so, this morning we're talking to our reviewer from the comfort of his own home. what a lovely home it is. he's david buik, market commentator at core spreads brokers. thank you very much forjoining us. thank you very much forjoining us. it is a shame you aren't here with me, i often enjoy your company but we can get on with this through the magic of technology. let's start with the independent because of cours

still on this but on the financial times. you are talking about people cashing in.americans are getting a bit miffed that other countries may be limiting access to certain supplies because they want to hoard it for themselves. some people are trying to make political cuts it seems. us officials criticised countries who have introduced export control to limit medical supplies in response to the crisis. this comes back to the whole issue, is it overprotection? is actually fuelling what's going on. certainly concerning, i think it's a case of, i hate to say this but the media have the huge role in this. what they say, what they don't say, and how responsible are they and say ok, look, it's bad but it's not the bubonic plague. this is about governments though. some countries are thinking we might need to keep things to ourselves. there's kind of a mix of things mentioned in this story. one is in governments doing things like introducing restrictions on overseas sales, of things like facemasks and respirators. the other things is countries like india limiting the exports

we are going to turn to the financial times now, sebastian, your paper.ion a month rescue dealfor sunak unveils £3 billion a month rescue deal for the self—employed. i am also going to try and shoehorn in am also going to try and shoehorn in a bit of breaking news which you might or might not want to comment on, which is that the liberal democrats have suspended their leadership race. that is not really related to the economic package, but there we go, i am shoehorning it in. it does raise questions about labour as well. but the financial times, briefly, sebastian, would you mind inafew briefly, sebastian, would you mind in a few sentences summing up that political points but also the economic package? well, the lib dem leadership contest hasn't actually really begun yet. it has a sort of been entrained for quite some time. so it is not a huge surprise, and it is possibly not the most pressing political issue of our time at the moment. i think the party can take the political hit of coming back that —— back to that next year. where is the labour leader is

anyway, financial times, sunak budget ta kes financial times, sunak budget takes aim at coronavirus.pan for over 30 years, notes been in recent times. will it work? —— the largest seen in recent times. it's difficult to know the answer to that question because we don't actually know what the impact is going to be. so there's no way of drawing a line at the bottom of this even virology is to say they can't actually predict how many people are going to suffer from this. there is this sort of worst—case scenario where 20% of the uk population will be ill also isolated at any one time, so there are ideas about how bad is dengate, but what we saw here was an end to austerity in a big budget —— how bad it is going to get. and this budget had so much in it for the uk economy and the fact the bank of england announced the bank of england announced the rate cut at 7am in the morning, pointing out the ftse closing 1.4% lower. the market predictions are saying the ftse will open the law again today. no matter what governments are saying, it would seem investors are not convinced. they think a l

the financial times... at the plate. the financial times...rd borisjohnson say the press conference today, kate, we heard boris johnson say we the press conference today, kate, we heard borisjohnson say we will support business and business needs to support its employees. there's a huge amount of worry for people about making ends meet if they're not able to get to work or even if they've got a job people have already lost theirjobs. ican name people have already lost theirjobs. i can name to people this week you have been told they need to take immediate unpaid leave or they've just been sacked and that means wages are stopping immediately. i felt that borisjohnson wages are stopping immediately. i felt that boris johnson could wages are stopping immediately. i felt that borisjohnson could have may be given a slightly stronger message. i know we're going to hear from the chancellor tomorrow but it seems to be very soft in terms of businesses. we really don't want you to sacked people. but without providing those concrete financial measures, b

the financial times reports calls to speed up the rollout of testing for nhs staff. and a half million testing kits which could be ready to use "within weeks" if they are shown to work. the telegraph also goes with that story, claiming these tests could allow the economy to get back on its feet quickly. and the guardian reports that the government will announce measures to help self—employed people tomorrow. so, let's begin. first of all, laura's on the left. could you either waive or not to show that you can hear me and our connections are working? normally we would have you in the studio. we got you both in your homes. it's awful now because all the viewers will get to snoop inside people's homes, i noticed the first thing you've done is got rid of every picture or paper or anything. i have no evidence for how you might live your lives, but i wa nt to you might live your lives, but i want to start with the daily telegraph with this fascinating picture of the queen speaking to borisjohnson from picture of the queen speaking to boris johnson from windsor. the thing t

do you want to take up the question of the financial times, london prepares to go into lockdown. ft are doing quite a lot on tomorrow mornings idea of the london lockdown, aren't they? yes they are and we have seen the scenes in the past couple of days where waterloo station, the square is completely deserted and when i was in london, so few people there and store prices up and going down and we've been seeing that as a universal phenomenon but one reason the gift for sterling taking a hammering is because the brokers who play the market feel that we, the british government, will be behind the curve in coping with this virus and therefore we have hammered sterling as a result of that. and the effect of the fall and the stock market that will have on order people with their savings and so on, i think it is quite a serious matter about how low sterling is falling i'iow. about how low sterling is falling now. and taking the other point that the article makes and quotes someone saying it is the brexit transition is effectively like an underlying condition so the virus that you harder

let's start with the front page of the financial times.inary pictures of the steps in rome there. one of the premier tourist attractions in an amazing city totally deserted. there are a couple of people on the edge of it, but it looks like a ghost town. that is what happens when you quarantine an entire country and when you tell people they can't move around, it seems that they actually obey it, as we have seen from italy today. interesting that the financial implications which i starting to be felt there. if you stop economic activity happening, you are guaranteeing economic recession for your country is not a depression. rome is talking about a package, mortgage payments, really dramatic stuff. the question is, is italy where the rest of european countries are going to go? mass quarantine, economic stimulus to keep the country working? we will be looking at this and thinking, is this as in at this and thinking, is this as in a few weeks‘ time? at this and thinking, is this as in a few weeks' time? we are also thinking about the fallout.

let's talk about misinformation now, and actually, this article in the financial times which says thel times which says the european union is warning ofa the european union is warning of a pro— kremlin disinformation campaign, an actual campaign to, you know, use this crisis to undermine europe, as it were. what do you make of this story? well, i don't think this is the first time we are hearing of such disinformation. i think this is something that we are going to see in the future. this is all around aggravating society, it's around causing panic. it's around destroying confidence. during vulnerable times. i think what makes it slightly more difficult is the fact that we are not able to see the impact of kind of social media taking action on bringing down that information, because of the limited data sharing between authorities. and this is, again, not something new that we are seeing. it is unsettling. i think it stresses the need to be sure of where you source information from, especially at a time when we have too much information at hand, and it is finding reliable and trusted s

we are good as her with the financial times.its problems obtaining kits to test medical staff or virus. claire cohen from the telegraph, this becoming a issue. this is summing up the epidemic in the country at the moment. they have to the word admits. michael gove today, i think the first admission from a cabinet minister there is a holdup in testing. some might say that had we got our plans into gear sooner when it comes to testing, we would not be scrabbling around with the rest of the globe in order to try and get hold of these chemicals. michael gove was saying the targeted 10,000 tests a day had been met at the weekend. new figures in the papers tomorrow show that the latest are only that 82110 were done yesterday. we are not even hitting that 10,000 a target it seems really unlikely whereunto had that 25,000 a day by mid april —— we are going to hit. whereunto had that 25,000 a day by mid april -- we are going to hit. as you say, a massive issue. what are your thoughts? i think it's absolutely right that the press co nfe r

it could cut global growth in half, according to tomorrow because my financial times.s as the chancellors preparing measures to help businesses cope. tomorrow's metro leads on allegations of bullying by the home secretary, priti patel, made by a former member of her staff. the guardian also reports on what it calls the pressure of patel with a photo of the minister leaving work today. on coronavirus, the paper says supermarkets are drawing contingency plans to cope with panic buying. tomorrow's daily express leads on the prime minister's warning that the prime minister's warning that the virus could spread within days. the daily mirror focuses on boris johnson's private life, the paper says mrjohnson broke the news that he is expecting a baby with his partner carrie simons just days after the death of his estranged wife's mother—in—law. the daily mail leads on the coronavirus. the paper says the nhs army has been put on standby to says the nhs army has been put on sta nd by to ca ptu re says the nhs army has been put on standby to capture a potential mass epidemic. the

and the financial times focuses on chancellor, rishi sunak‘s warning that the pandemic would inevitablyead to businesses collapsing. so, let's begin... and the financial times focuses on chancellor, rishi sunak‘s warning that the pandemic would inevitably lead to businesses collapsing. that's the flavour of the front pages. let's kick off. the daily telegraph has an extraordinary picture, really which i suppose in many ways sums up the whole crisis. the prime minister having a sort of skype, or i'm not sure what form of technology he is using, but holding a cabinet meeting, a virtual cabinet meeting with all of his ministers. yes, actually following by example, basically. all supposed to be doing all of this now and he was having his meeting with his senior ministers from downing street via skype as we have been having relations with lots of our family and friends. he is doing exactly the same thing. so after last night public announcement or which was watched by an extraordinary number of people think people said 27 million people tuned in, and that we are all being told to stay at hom

and the financial times focuses on chancellor, rishi sunak‘s warning that the pandemic would inevitably so, let's begin... and the financial times focuses on chancellor, rishi sunak‘s warning that the pandemic would inevitably

(ani)and the financial times has spain calling on eu finance ministers to draw up a "marshall plan" to from the devastating effects of the pandemic. we will start with the metro. health workers, medics, in hazmat suits, carrying a stretcher of a coronavirus patient. it is not a game, it says. yet people are still failing to heed what at the moment is advice and it might soon become something stronger than that. yes, at the moment still hearing very strong advice being given to us by the government clearly now this is being paired with quite dramatic and very frightening images of more and more people succumbing to the virus. we have heard reports from nhs frontline workers, we have heard reports from italy who are reportedly two weeks ahead of us and clearly those messages still are not landing with quite a significant portion of the public and we should add it doesn't need to be that large because of this virulent, the way this virus can spread. it only takes a few people to defy those guidelines the whole chain to go horribly wrong yes, perhaps these images will do thejob horribly wr

the financial times, just looking at that quickly, if you would.ut forward to help businesses and then hopefully that they will be able to help their employees. there is so much anxiety about what is this announcement of what it will mean. the government is got the message loud and clear, but that has not stopped people from losing their jobs earlier this week and people have been sacked and people up and asked to take unpaid leave and there needs to be some kind of instant crisis wage that the borough and organisations has been calling for that, labour opposition and candidates for leadership and cure starmer, they have been talking about an income that needs to go into peoples pockets straightaway in the statement this afternoon, quite flimsy, will back businesses and in turn, businesses need to back their employers and their employees, but i do not think that is good enough. we really would urge you not to let your staff go, that is not enough and he needs to be about either putting money in peoples pockets are really doubling an increasing even

the financial times, oil price plunge sends tremors through global markets as russia and saudi arabiar. a lot of cheery stock price to discuss. blimey. the front page of the times, john. global markets plunge amid coronavirus spheres, biggest falls since 2008, billions wiped off share values, the whole of italy and the town. armageddon. it's extraordinary. every day becomes more apocalyptic and this is very much the economic and this is very much the economic and financial and of the problem. the question we were discussing an hour or so ago the question we were discussing an hour 01’ so ago was, the question we were discussing an hour or so ago was, is this a reflection of a temporary crisis, temporary panic, temporary contraction in pretty much every country's economy. and therefore, all global markets, or is this particular when you add onto structural wea knesses particular when you add onto structural weaknesses which have been existing now for some time, a start of a major in prolonged global recession and we will know that soon but if today is repeated, any time $0011 01’ but i

front page of the financial times, anna, italy's experiment to test, test a test in one town cuts newrst time someone died in italy they decided to start testing everyone —— to zero. notjust someone who became sick and came into contact with people, but the whole town, healthy people, but the whole town, healthy people, and it appears to have worked in that the spread of the virus has been reversed. this will start to put pressure on people and on the government to roll out more widespread testing because there are cases where people for sick and they effectively probably have coronavirus but they can't even get a test. it means they don't know whether they should come into contact with their elderly family, should they isolate for longer? it has a big knock—on effect if you don't even know. the argument against mass testing should also be considered. sometimes if somebody doesn't come up like they have the virus, they could perhaps become complacent a bit. in addition, they haven't yet proved having it means you are immune. again, ithink the social distancing, being careful about who

on a number of different levels 1st of all ikea is recognizing that time has value time has value in traditional financial markets time also has values and it's expressed in an interest rate a 2 year bond 5 year bond 10 year bond would yield greater interest because it is good for a greater amount of time and time has value so it's remarkable that we live in an era in the 21st century the era of negative interest rates which implies. is that not only does time have no value but the value of time is negative that's what wall

the financial times reports calls to speed up the rollout of testing for nhs staff. times says the government has ordered three and a half million testing kits which could be ready to use "within weeks" if they are shown to work. the telegraph also goes with that story, claiming these tests could allow the economy to get back on its so let's begin. if you could both waive and acknowledge it's working. you are in very minimalist surroundings allowing me to interpret nothing about what he might say. i speak of the telegraph. there is the queen holding a telephone audience with borisjohnson. holding a telephone audience with boris johnson. these holding a telephone audience with borisjohnson. these are pictures that i haven't seen since i was a boy in the 1980s. that i haven't seen since i was a boy in the 19805. this that i haven't seen since i was a boy in the 1980s. this is exactly the kind of phone people would imagine that the queen has. very old school and you can't see the front of the phone. we don't know whether oi’ of the phone. we don't know whether or not she

. >> financial times. has the committee discussed any other monetary policy tools in addition to rate cuts or when that's appropriate? >> in the review of all of our tools we talk about our toolkit and what it is. but in the current context, no. and to come to the view that is appropriate. >> bloomberg. thank you for the press conference. take us through the reasoning of the rate cut a little more in depth. this is a supply shot one --dash side shock the rate cuts are not suitable others say more often to demand but can you give us the reasoning behind the rate cut? >> the virus outbreak is something that would require a multifaceted response that comes in the first instance from healthcare professionals and health policy experts and also from fiscal authority sure they determine the responses to the program. it could come from any other public and private sector governments but there's also a rule for monetary policy. as a tool to support overall economic activity we do recognize a rate cut doesn't fix th

and the front page of the financial times says that the pound is taking a hit as london may be forcedbout that. mihir, why don't you start. schools closed as virus to shut down. teachers and students were voting with their feet. absolutely, and we found that many teachers were not at school or pupils were staying away. i think the question here is, last thursday, if you remember, the prime minister was very clear that this is not the time to close schools because the problem was, who would look after the children? certainly the government wouldn't want grandparents, a burden on grandparents, a burden on grandparents, they are the generation considered to be most at risk and of course this does raise the question, who is going to look after these children? it will certainly put a great burden on pa rents. certainly put a great burden on parents. if they work from home, fairenough, parents. if they work from home, fair enough, they might be able to manage, but if they don't work at home, this will raise a very big issue as to how this is going to be managed and how this works out, becau

but traders on the floor are not having a very good time, as financial markets continue their free fall to close america's largest city may be necessary to preserve public health and health system, but there is very little doubt that it will have a devastating impact on the health of this city and the country's economy. let's financial markets today in asia, itan financial markets today in asia, it an absolutely dire day on monday, but as you can see, we are seeing markets go up today, but when you consider that markets in australia, the all ordinaries have seen a near 30% decline, the asx 200 and is the peak in february, today small gains do not count for much, but interestingly the stocks that are doing well, nintendo shares are up 5% today, in japan nintendo shares are up 5% today, injapan you would imaginea today, injapan you would imagine a demand for things like xbox, nintendo, when you stay at home is pretty high right now, so those are the kind of companies that are doing well at the moment on the markets. that's it for the business briefing this hour. italy is the european coun

the financial times is talking about coronavirus, saying the disease threatens to cut global growth inare in china which performs triage by colour coding on people's phones which indicates virus status information. which this paper says is then shared with the police. coronavirus could also affect sporting —— fixtures, so says the times. it is looking at matches that might be held behind closed doors going forward. in the substantive talks start between the uk and eu on trade, the independent digital wands that are no—deal brexit loss will be much larger than the benefit from any trade deal with the us. the times looks at the consumer group which saying that hotel rooms are more expensive saying that —— more expensive saying that —— more expensive when you book my travel sites than when you call the hotel yourself and book, and finally this story in the mirror thing looking at search dogs being trained to track down dementia patients who go missing. the search dog heroes help bring vulnerable people back to safety. with us we have andrew tuck a editor —— the editor of monocle, coronavi

this is not a financial crisis, this is just a temporary moment of time that we will overcome togethera nation and as a world. to soften the economic blow, the president says he would delay the tax filing deadline for those impacted by the virus, cut payroll taxes and make low interest loa ns ava ila ble cut payroll taxes and make low interest loans available to small businesses. but the latter two measures still require the support of a very divided and very polarised congress. it will be several months before the full economic fallout from the coronavirus becomes clear but wanting a certain, america ‘s longest bull market has come to an end. let's go straight to asia now and see how the markets are faring there. tell us what is happening. as you can imagine, the asian markets were already in the red when they open this morning, reacting to be who officially calling covid—19 a pandemic and to wall street officially entering a bear market overnight. then, when president trump spoke mid—morning here, they all tanked even further! so stunned when investors and traders by the really tough

we were looking at the financial times as well.a the items people are choosing to stockpile and toilet roll is not on the list. not that nor any kind of painkiller, which are the things if you go to a supermarket in the uk, those are the things you cannot find. what the americans seem to be buying is powdered milk. not sure what they will do with it. any old beams. chickpeas, black beans, whatever beans there are, people are stockpiling. lots of protein. and they last a long time, versatile, you can make soup, stew and burgers. we are told there is no need to stockpile, so there is enough for eve ryo ne stockpile, so there is enough for everyone to go around if you are just careful and take what you want. but some people do not heed that warning. something very primitive kicks in around fear. we are also quite group creatures so if we saw someone quite group creatures so if we saw someone piling on for a particular product we think, what do they know that i don't, i must get it for myself even though i don't need it. i must buy cat

the financial times and the economic fallout. global stocks taking a fresh pummelling.st rates a re close a fresh pummelling. interest rates are close to zero all over but it hasn't worked. that is the bottom line. investors are just worried about what is happening. and there is such a level of uncertainty in terms of predicting what will happen in the next few weeks little in the next few months let alone the next few years. in some of the measures put in place around the world which are necessary, it seems, to protect people, the impact that has economically. but whenever we talk about the economy it is notjust macro figures it is micro—. about the economy it is notjust macro figures it is micro-. the impact on people and their livelihoods and their security and i think that looking around europe there have been certain things that have been done that maybe the government could also consider in terms of making sure there is pay all support for people who maybe would not have it otherwise. in italy they have suspended mortgage payments. looking at some of these differe

the financial times says the pandemic‘s caused another plunge on the markets despite central banks‘ effortsinvestors‘ fears on monday. more business reaction on london's city am — "catastrophic" is how it describes the outlook for the capital's hospitality industry. it explains the situation‘s made worse by the prime minister advising people to avoid going out but not ordering the businesses to close down, which means owners can't claim financial assistance. and finally, ending with a ray of hope — the new york times is among many covering the search for a coronavirus vaccine and shows one of the first people to participate in a fast—tracked human trial. today we have briefing regular cornelia meyer, ceo of business consultancy mrl corporation. shejoins us from consultancy mrl corporation. she joins us from her home consultancy mrl corporation. shejoins us from her home in switzerland because you couldn't get on a plane to travel to the uk. you are in isolation for an hour, cornelia. tell us about what is happening in switzerland at the moment? we are in isolation. it's quite serious. 0n mo

financial times, says long—term economic prospects are expected to be downgraded in the event of thee of the impact of boris johnson ‘s post—brexit crackdown on eu immigration. finally, the metro says the doctor says no, that is the headline on the front page of the metro, looking at the delayed release of the latest james bond movie, which is called no time to die. many are pointing out the irony of the title of that film. so let's begin with rebecca harding, who's ceo and founder of coriolis tech. this has been the case every day this week and last week, it is all about coronavirus to a great degree. the daily telegraph focusing on the uk, numbers going up and up by the day but this article is looking at the concern that actually in king's college hospital there are two new patients that were ona ward.

says patients may need to be seen by video to free up doctors time to deal with the virus the financial timeste cut by the us federal reserve the metro has a picture of the queen wearing white gloves while presenting a medal as a precaution against spreading the illness. the mail carries the same picture and says that people may have to put their social and work lives on hold for three months as a result of the outbreak. the i also reports on the government's plans, saying that in a worst case senario there could be half a million extra deaths in the uk and the mirror says the crown prosecution service deaths in the uk. and the mirror says the crown prosecution service is reviewing its decision to pursue a prosecution against caroline flack. let's take a look at some of those stories in more detail. let's kick off with the mail. sonia, this picture of the queen, which has been pretty popular on the papers and their headline life on hold for three months. the picture of the queen, she's giving honours at buckingham palace and apparently it's the first time she's ever worn gloves to do this. sh

we will be speaking to claire barrett from the financial times and jasmine birtles, the financial and journalist, jasmine birtles, the financial and businessjournalist, telling us what these new measures mean for all of us these new measures mean for all of us feeling any economic impact now. and finally, a look at how the day's news will be covered on the front pages with businessman and politician lord digbyjones. coming up politician lord digbyjones. coming up at10:30pm and politician lord digbyjones. coming up at 10:30pm and 11:30pm. that is all a head—on bbc news but first sports day. hello, i'm olly foster, here's what's coming up on sportsday. coronavirus continues to have a huge impact on british sport, manchester city, arsenal and wolves all affected today. but sports does go on. we'll be live at anfield shortly and a must—win champions league match for the european champions. and it's champion chase day at the festival, we'll also head live to cheltenham. good evening, we usually like to think of sportsday as your nightly half hour escape from the news, but there is no escap

time now for the business briefing, i'm sally bundock. a terrible day on wall street, where us financial markets had their biggest one—day fall since the 2008 financial crisis. bittersweet. 10,000 beehives destroyed in australia's bushfires, we will find out what this means for the future of the industry. so, let's show you how the markets are trading now in asia, the day after what some called black monday, you can see japan up black monday, you can see japan upjust black monday, you can see japan up just slightly, hong black monday, you can see japan upjust slightly, hong kong a little better, a mixed picture in asia as investors pause for breath. so, the markets right across the globe, it was a day on monday, ending on wall street where stocks had their biggest one—day decline since the 2008 financial crisis. as i've mentioned, it's being dubbed black friday, in the us the drops were so black friday, in the us the drops were so severe, black friday, in the us the drops were so severe, trading was halted for 15 minutes. at the end of the day, you just saw on our market board the dow po

to be a global recession as a result of what we are seeing, and as martin wolf, the esteemed financial timesood, a global depression. if you think about this downside scenario, what do we have in their when it said it is going to cut global growth by half. we had the northern hemisphere, the us, canada, and in the north and some asian pacific countries, putting in place the same containment measures as what we have seen an containment measures as what we have seen an china, so i think they picked pretty well the situation we are in today. but first of all, that is not happening. i am speaking to you from the uk, people are not restricted in their travel by law. they are advised to do certain things and not do other things, but there isn't the draconian sort of imposition of controls that we have seen imposition of controls that we have seen and other european countries, so seen and other european countries, so it is a mixed bag, and in terms of that mixed bag, let's not forget what you have already said about america, the idea that a recession could be avoided now looks com pletely could be

the financial times reports that an infection control experiment that was rolled out in a small italianf the crisis has stopped the spread of new diseases that town. and the daily telegraph pictures nazanin zaghari—ratcliffe, out of prison in iran but wearing an ankle tag — she's been temporarily released as part of measures to curb the country's outreak. let us turn to my guests and torched £50 billion bailout launched to save the economy, wartime government, virus package target firms, homeowners get mortgage breaks, this is what a lot of people wanted and in the eyes of many, the chancellor has delivered. more than we are estimating earlier, more than £1 billion with the measures and this is the biggest bailout package in the financial crisis and it delivers on several things that people are calling for and questions are still being raised on how on the detail. but ultimately, they been chancellor for a month and delivered a very confident announcement today and a lot of businesses will be feeling better after today i think. we have lost lance at the moment, but given that he says th

the financial times says that the pound — and numerous other currencies — are taking a hit, as london. the japan times stresses the need for governments to make supporting jobs and firms a priority to cushion the economic fallout. the washington post says the coronavirus pandemic is redefining donald trump's presidency, with his $1 trillion stimulus a huge gamble, eight months before the us election. and wired reports on what might be a silver lining to the pandemic by highlighting the fact carbon emissions are falling as industries slow and people fly less. we normally have a guest in the studio to review the papers with us but because of the coronavirus outbreak the bbc has decided to implement a little social distancing. so, this morning we're talking to our reviewer from the comfort of her own home. she's inga beale, a businesswoman and the former ceo of lloyd's of london. very nice to see you, inga. i am sorry you could not be here sat next to me as always. but we can still manage to do a paper review together, kindly? yes commented we can, we can do it virtually. let's start wit

the financial times says rishi sunak signals the end of austerity.leashes the biggest borrowing rise in 30 years, turning on the spending taps for infrastructure and the nhs. it's the same story in the guardian, they call it the coronavirus budget, shoring up the nhs and head off a financial crisis as the covid—19 outbreak worsens. in the express, it says the nhs has capacity to test up to 10,000 people a day, and doctors preparing to see patients via videolink. and something different in the mirror — "bulger killer's new bid forfreedom." the parole board is set to consider freeing jon venables 27 years after the murder. as we were saying a little earlier, two stories completely dominating the papers but the times with this story about health minister nadine dorries. ben, it is the heart of government really isn't it? exactly, in some ways it is shocking and in some ways it isn't, it is shocking that the minister at the heart of the department at the forefront of dealing with this health crisis has come down herself with coronavirus, thatis come down

the financial times leads with trauma on the global markets, the worst day for the ftse100 since blackspecialist ecmo machines that are needed to help severe cases of coronavirus are in very short supply and most are already being used for patients with other serious heart and lung issues. bloomberg are reporting that italy's school shutdown is driving a surge in internet traffic as students turn to online video games to stave off boredom. and seeing as social distancing is becoming the new norm — harvard business review carries

‘johnson forced to close britain‘ reads the front of the financial times — as the prime minister announceshops will close and gatherings will be broken up by the police ‘national lockdown‘ say the daily mirror — who quote borisjohnson saying ‘many more will die and only drastic action can help the nhs.‘ with a similar headline, the metro has a picture of a packed london tube train with its passengers ignoring social distancing carrying a desk thumping picture of the prime minister the daily express headline reads ‘you must stay at home... for all our sakes.‘ turning to the i and it's a similar story — ‘lockdown uk. public told: stay indoors.‘ and with public gatherings of two or more being restricted, the guardian quote the prime minister simply saying ‘stay at home, this is a national emergency.‘ so let‘s begin. they did express, you must stay at home for all of our sakes. yes, pretty stark message from the pie minister. i think it was inevitable after a weekend of so many people ignoring the warnings and the order by the prime minister initially to stay at home and if you had to go out k

the financial times reports an internal eu document warning that russian media are using the coronavirusto sow distrust of european governments. it says a deliberate disinformation campaign is currently under way. bloomberg looks at another effect of the virus on the delivery company amazon. it has decided to temporarily suspend restocking from independent retailers in order to prioritise deliveries of what it terms essential products. they include books, by the way. and finally, the german website focus carries the story of the country's big brother contestants, who had been completely isolated from the news for the past month. the programme producers had to bring in a doctor to inform the contestants about the virus pandemic. we normally have a guest in the studio to review the papers with us, but because of the coronavirus outbreak, the bbc has decided to implement a little social distancing. so this morning, we are talking to our reviewer from the comfort of her own home. she is anju solanki, founder of mea consulting, a firm that helps companies establish gender balance

let's start with the financial times. it says that rishi sunak signals the end of austerity.eals the biggest borrowing rise in ten yea rs, the biggest borrowing rise in ten years, turning on the spending caps for infrastructure and the nhs. it isa similar for infrastructure and the nhs. it is a similar story in the guardian full stop they call it the coronavirus budget. budget billions to beat the virus is on the daily mail, talking about a 600 million pounds boost for infrastructure projects. virus sufferers given bra kes projects. virus sufferers given brakes on their mortgages amid fears that the virus will plunge the uk into recession. in the times, the health minister nadine dorries is diagnosed with the virus and is now in isolation. she has met hundreds of people in parliament and been at number ten with the prime minister. and something different in the mirror. the parole board is set to considerfreeing jon mirror. the parole board is set to consider freeing jon venables. there is no doubting the two big stories dominating the papers today and the two of them are sort

began in china and a dangerous side effect has been a as a nation, we have endured wars, tough financial times, all kinds of challenges. right now we need to be patient, positive and proactive. and we need to be kind to each other. doctors orders. copd makes it hard to breathe so to breathe better i started once-daily anoro. ♪go your own way copd tries to say go this way i say i'll go my own way with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. do not use anoro if you have asthma. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you a heart condition, high blood pressure, glaucoma, prostate, bladder or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. the most common side effects are sore throat, diarrhea and pain in the arms and legs. ask your doctor a

the financial times leads on the £3 billion a month rescue deal for the self—employed unveiled todayr goes with ‘your country loves you' — as millions around the country clapped nhs staff in tribute to their tireless work. the metro's front page describes the country as ‘checkpoint britain‘ — after roadblocks and drones have been used stop people leaving their homes. and the same story — and even the same headline — adorns the front page of the daily express. the i has more details on the chancellor's aid package for the self—employed. the daily mail says the housing market has been effectively frozen because of the coronavirus crisis. the telegraph claims that delays in implementing help to the self—employed will cause unemployment to soar. and the times criticises the poice for using drones to spy on ramblers and people walking their dogs in beauty spots. so let's begin... it is great to see both of you. this is called the papers but really this subtitle is our nightly nose around the front room of various journalists across the country. you are doing your very best to disguise wha

we move onto the financial times.ticle in the ft, sterling hammett as london prepares to go into lockdown. we take the two separately. the sterling hammett, unsurprising, really, given what is happening in the uk. yes. there are references in here to things such as brexit and there are so many different aspects in here talking about why the impact on stirling is so bad and it mentions though, andrew bailey, the new bank of england governor, and saying that they are going to print more money, they will be offering short—term loans, and everyone is talking about boosting the economy and supporting the economy, but still stirling has slumped, alongside all of the other things that are going on, which is the oil price that has collapsed and of course the dramatic fall in demand for oil. the other thing that is interesting in here is the liquidation of assets that is going on and the need for cash and there is a comment that a lot of people are needing cash so lot of people are needing cash so they are liquidating the only

the financial times reads the bubblyjet design to combat the effects of the outbreak. express goes with the same story. let's have a look a bit closer at those. let's kick off with the telegraph and this line that the virus can only be delayed. i think this is a statement of the obvious. this is where was a lwa ys of the obvious. this is where was always going to be. governments can't do right from wrong in this. if they go to quickly, to draconian, they are accused of being alarmist and cause economic damage. if they don't and they back off, and people die, they're accused of nasty stuff. they can't win. we're old and have phd in hindsight saying they got it right, they got wrong. on the other hand, i don't think, can somebody tell me why they are all panic buying toilet rolls? i don't know the major symptoms of this bug, but i think it deals with this going this way, not this going that way. on that basis, like toilet rolls? this herd instinct, there is alarmism, but on the other hand, we really have got a responsibility to those who are weaker. orjust being older, a

the financial times has info on markets. let's have a look. let's start with the telegraph. this quote that many more families are going to lose loved ones,. is a very sombre statement. it's something very u nfortu nate sombre statement. it's something very unfortunate that is going to happen. it's quite clear and already is happening. just setting out the starkness of the challenge facing, not just this country starkness of the challenge facing, notjust this country but many other countries. every country more or less. i suppose that the key message. the question is what the government is doing. not one that has gone as far as some of the country have done. it was a big jump because so far we've only talk about numbers ina because so far we've only talk about numbers in a few hundred. to say that 10,000 or more are to be infected is a very different scale. ina lot infected is a very different scale. in a lot of ways, they would clearly wa nt in a lot of ways, they would clearly want to emphasise anybody to whom the penny had been dropped. this is very serious. 10,000 people

the financial times taking a look at the economic impact and what that would mean. they estimate some 3500 flights a week would be impacted by the travel ban on 26 countries. the ban on individuals from that country, those 26 countries, or individuals that have been in that country for the last 17 days. in april, some 1700 41 flights were scheduled from germany to the united states. 1570, and from the netherlands, 312. looked on the germany is likely the --it hard -- lift on and delta and american airlines here in the united states. if you want to read more on that from the financial times today, yesterday, while he was meeting with the irish prime minister, president trump defended his travel restrictions in europe and discussed their economic impact. here is what he had to say. [video clip] >> there are many european leaders that are upset that they were not consulted about the travel ban. can you explain your rationale? very well with european leaders, but we had to make a decision, and i did not want to take time. it makes a long time to make the individual call

financial times all over the budget, they talk about signalling the end of austerity by unleashing theise in 30 years. telegraph reports coronavirus sufferers in some parts of europe may be given breaks on their mortgages by banks concerned the crisis could lead toa concerned the crisis could lead to a reception. and joe biden making headlines, the victories he has seen in psa ‘s michigan, mississippi and missouri on many tuesday of the la times reflecting on calls for bernie sanders to quit now in the race to become the democratic nominee. under the headline, let them cry! the times reports on an academic study that says letting a baby cry it out when they refuse to get to sleep does them no harm. it may teach them self—control. that is a very contentious debate among parents, let me tell you. henry bonsu is back with us. let's get stuck in. i can't remember, your father? i'm not. so you haven't been through that horrible night... know, but i think when i was a child i gave my parents a lot of sleepless nights, so i'm told. did they let you cry it out? of course, it was the 19605. out