and welcome back the global business travel sector is expected to lose more than $800000000000.00 in revenue due to the corona virus according to global business travel association business travel to asia will likely face the biggest hit with roughly 75 percent of companies saying they have canceled or delayed trips to china hong kong taiwan and other countries in the region according to this report now china is expecting a loss of more than 4 $100000000000.00 in the country as the country has witnessed a 95 percent drop in business travel since the outbreak began europe is expected to be the 2nd most hit by it they are planning to lose just shy of 200000000000 due to limited travel now what's really interesting is i would you just what you were talking about was just purely business travel but did you know that leisure travel is actually more than double that of business travel and it's got to be hit as hard if not harder obviously as business travel because when you doing business travel you have to go do that when you doing leisure travel you're making a choice to go out in the wor

so what is the long-term impact of all of this global -- on the global travel industry? cnn's businessr at large, richard quest, he joins me now. so, richard, every time i open my email, i see another airline announcing more canceled flights and routes because of dropping demand. what is the real impact of this on the industry? >> well, let me tell you this morning, lufthansa group, which is lufthansa german airlines, austrian and swiss announced it was reducing capacity by up to 50% and may park its jumbos temporarily. this is a crisis for the airline industry. some says it goes back to not just the financial crisis, but arguably back to 9/11 for the extent, the depth, the range and the long-term effects. and it is not going away anytime soon. airlines like united, which are put in place major changes, they had changes coming in april. the soonest they could reverse them would be in may. >> fascinating. what is then the eventual impact on air passengers if the airlines going to continue to take a hit financially, cutting routes, what is the fallout then, i wonder, for people who want

global business at columbia business school. the institute supports research on global business, sponsors provocative forums like this one and sends columbia business school students on a host of global travel programs. including a study tours and classes during winter and spring break. i'm proud too say next month the institute will sendd its 10000 student overseas, that is great and a compliment. the other sponsor is the richard paul richmond center for business law and public policy from the university. it's a joint venture of clumpy as business and law school. the goal at the richmond center is to foster collaboration among colombian universities distinguished business and legal scholars in orderti to generate innovations, advanced research that hasas the potential to infm public policy as well as the theory and practice and business of law. just like the brussels effect. now, without further ado to explain the brussels effect and its many applications i'm pleased to welcomepl the profesr of law and international organization columbia law school who's also a senior scholar at colby avenue business school and help lead the conversation we are very privileged to have the economic editor f

what do you see from global business leaders? banning travelr limiting it, preparing to have employees work from home, that will have huge economic impact. are they no longer connected, do they not believe the information they're getting from the administration? >> the two press conferences hurt him, it was a lot of misinformation and a lot of covering up things that didn't need to be covered up, but i think that's also the wrong strategy. the white house would be better served not just with a rate cut but perhaps a payroll tax holiday for a period of time like they're doing in hong kong which would lead to some consumption, increase some savings and calm the consumer down. probably a 50% rate cut, ten year is at 106. i am not worried about long term health of the stock market frankly, there's a lot of mechanisms that they have in the next three to six months to help the stock market and calm investors. we have to see what happens. they would be better served telling the truth at the press conferen conferences. >> jay powell, friday, remind the

global business is the interdisciplinary hub of columbia business school and the institute supports research on global business, sponsors provocative forums like this one, and since the business school students on a host of global travel programs. including study tours and classes during winter and spring break i'm proud to say next month the institute will spend 10,000 -- send 10,000 student overseas. the richmond paulson center for policy at columbia university is a joint venture of columbia's business and law school. the goal of the center is to foster collaboration among the columbia university distinguished business and legal scholars to generate curricular invasions and advanced research that has the potential to inform the public policy as well as the practice of business and law just like the effect. so now without further ado to explain the brussels effect and its many implications, i am very pleased to welcome anu bradford the professor of law and international organization columbia law school who is also a senior scholar at columbia business school and to help lead the conversation, we are privileged to have peter coy the economics director for bloomberg business week. they will talk for about 45 minutes an

has forced 35 countries across the globe to impose restrictions disrupting lives travel and businesses this means globally every 7th person is confined to their homes this sunday. italy is struggling the most to combat covert 19 with a total of nearly 5000 deaths officials there reported the largest one day increase in fatal if he's from the corona virus with almost 800 deaths recorded in the past 24 hours. this is the chapel at cremona hospital in northern italy the morgue is full so bodies are being kept here until they can be buried in . the intensive care unit has no beds left medical staff a struggling to cope. the sauce. it's not me. we are here. they. all me we are all to fall for. if you are worth in. here for the war because we are. here for the patients. the battle against the spread of the coronavirus is not just in hospitals but on the streets of italian towns and cities. police have been making sure that fresh draconian measures introduced on saturday to further limit people's movements are in full those out and about a stopped and asked to prove why they're not at home despite their if it's

globally on the economy is huge. the air transport association is estimating that this will cost the airlines alone $29 billion. just in lost revenue. that's just the airline business, not even the ripple effect. global business travel association said 37% of all the next couple months upcoming business travel is already canceled. we are seeing it, look at giant conferences, conferences that draw over 100,000 people. the itb in berlin, the world's biggest travel conference, canceled. mobile world congress, canceled. even facebook's f-8 canceled. the impact is huge. that's just the business travel side there. stuart: i don't want you to speculate but i am going to question the survival of the olympics, due to start in japan in july. what do you think? >> there are already people questioning whether or not they should go to that. people just have no sense yet of how long this is going to stretch out and the images they are seeing are creating, as everybody has talked about this morning, more and more fear. there's pictures of professional baseball teams in japan playing in empty stadiums and they see that holland america ship that didn't even have any cases that was denied getting into five different ports. people are

lowering because of the corona virus and its spread and the impact that that is having on global travel and businesses worldwide writ large as more people stay home and avoid travel to deal with this. epidemic so we're seeing a lot of panic a lot of concern by investors the federal reserve the united states central bank has made some moves to try to allay fears and keep money flowing through the markets just before opening it was announced that they were injecting money into short terms alone a $150000000000.00 increasing from $100000000000.00 to $150000000000.00 the amount of money that they put into these overnight repurchase or so-called repo agreements again that's just a way of keeping money flowing through the markets to try to ease concerns but we're seeing this morning again the oil prices down. to record lows the biggest drop since the 1991 gulf war and u.s. treasury. are also at record lows as investors pour money into government bonds which are considered a safe haven in times like this both the treasury yields and oil prices are a sign so that investors are very concerned these are usually

global buzz the interdisciplinary hub at columbia business school. the institute supports research on global business, sponsors provocative forums like this one and sends columbia business school students on a host of global travel programs. including study tours and classes during winter and spring break. i'm proud to say that next month the chazen institute will send its 10,000 student overseas. that's quite an accomplishment. the other sponsor is the richard paul richmond center for business law and public policy at columbia university. it's a joint venture of columbia's business and law school. the goal of the richmond center is to foster collaboration among columbia university's distinguished business and legal scholars in order to generate curricular innovations and advanced researching that has the potential to inform public policy as well as the theory and practice of business and and law. again, just like the brussels effect. so now, without further ado and to explain "the brussels effect" and it is many implications, i'm very pleased to welcome anu bradford, columbia law school, who is also a chazen senior scholar at column what business school. and to help lead the conversation, we are very privileged

let's look now at how the ongoing health crisis is affecting the global economy with travel restrictions the shattering of retail businesses and orders to stay indoors people's livelihoods are on the line and the u.s. banks are predicting the country's g.d.p. to drop by as much as 30 percent and a slowing economy needs job cuts one economist predicts u.s. unemployment rising from 3.5 percent to 30 percent in the coming months central banks are setting up bond buying the programs pumping hundreds of billions of dollars into their economies but experts say that's no cure all no amount of cash will on freeze the economy until the pentagon make is over. now the tokyo olympics in july and august could be postponed because of the virus japan's prime minister shinzo obvious now acknowledge the possibility of pushing the event back had previously insisted that the games would go ahead as scheduled the international olympic committee open the door to a postponement on sunday when it said a final decision would be made within the next 4 weeks. now in the last few weeks it's become a popular way to get themself isolation with others

take a look at how the ongoing health crisis is affecting the global economy with travel restrictions of a shattering of retail businesses orders to stay indoors people's livelihoods are on the line in the u.s. banks are predicting the country's g.d.p. had dropped by as much as 30 percent and a slowing economy means job cuts one economist is predicting that u.s. unemployment will rise from 3.5 percent to 30 percent in the coming months central banks are setting a bond buying program sponsoring hundreds of billions of dollars into the economies but experts say that is no cure all no amount of cash will unfreeze the economy until the pandemic is over and let's take a look at what's happening with the global economy now we can speak to on head of the secretary general for the organization for economic cooperation and development the o.e.c.d. thank you for joining us mr good to you have said that this crisis is pushing our economies into a deep freeze state what do you mean by that well i mean. the social distancing measures all the containment measures that many countries have been gorgeous that kerry and others are going t

right let's look at how the ongoing health crisis is affecting the global economy with travel restrictions of a shattering of retail businesses and orders to stay indoors people's livelihoods are on the line in the u.s. banks are predicting the country's g.d.p. to drop by as much as 30 percent and a slowing economy means job cuts one economist predicts u.s. unemployment rising from 3.5 percent to 30 percent in the coming months now central banks are setting up a bond buying program sparking hundreds of billions of euros into their economies but experts say that's no cure all no amount of cash will unfreeze the economy until the pandemic is over. it's becoming increasingly likely that the tokyo a lympics due to take place in july and august will be postponed because of the virus several qualifying events are already cancelled and pressure has been growing on authorities to consider a delay today japan's prime minister shinzo are big knowledge that risk actually in the games may be the only feasible course of action. for weeks and even japan knew the international olympic committee was prepared to countenance it now prime minis

could see between 63 billion and $113 billion of revenues lost for the global airline business in 2020 because people are travelings. we know a lot of conferences and large scale events are postponed or turned into virtual teleconferences. the u.s. economy may slip into recession and whether the global slowdown story takes hold more. that's the reason volatility is here to stay quite some time, and why traders are watching closely to see whether or not there's any stability. at this point they would like 2 or 300 point day or down 2 or 300 point day versus what we've seen so far. >> josh, talk about lack of coordination and trust between the highest levels of government about coronavirus. there are people in the administration, hank paulson, tim geithner saying here's what the real picture is, how do you keep people safe but not panic. leaders look at the administration and see the president surrounded by 100% loyalist. steve mnuchin called the president saying he has near perfect genes. last friday, larry kudlow said time to buy the dip. you have elaine chow and betsy devos, who can business leaders trust? >> thi

the peak has passed beijing is relaxing travel restrictions on encouraging businesses to gradually reopen but investors convinced as the spread continues globally asian indexes kept falling thursday the shanghai composite the bank saying in hong kong the same story in australia as well although its central bank also came out or its government rather came out with stimulus measures investors failing to get excited about that european investors equally unconvinced that the e.c.b. would help stem the economic damage in the e.u. london's footsie and germany's dax both down considerably mid-afternoon. well brussels is the back of washington's travel ban or most europeans entering the united states in your fish will say it came without any consultation the airline industry is already reeling from a crisis as i pointed out bookings of bunged travel shows to. the global aviation industry has been shaken up dramatically by the corona virus outbreak. empty plans travel bans and forced flight cancellations have become the new normal that has already made things difficult for airlines on wednesday night a fresh blow. to keep new cases from entering our sur

travel anymore. that really dried up the business air travel across the united states and globally. and with that, that has really had a profound impact on the airlines. in the words of one airline ceo, fear is driving this right now because there's so much concern about the unknown and concern about the potential of picking up the virus perhaps in an airport or in a plane or whatever the case may be. but the ceo of southwest airlines, listen to this. the ceo of southwest airlines says this is a more serious challenge for the airline industry than 9/11. and you may recall, 9/11 dealt a real power punch, if you will, to the entire airline industry. they struggled for a long time to recover from that. and part of the problem here is they simply don't know when this might begin to ease up. when might they see that they'll have demand return? it looks like it's unlikely during spring break and now, american airlines canceling some flights into the summer travel season because they are expecting the summer travel season will be impacted by all of this. it's the fear of the unknown, and t

fears of the impact of the coronavirus as cases globally continue to rise — having a severe impact on businesses, staff and productivity, but also limiting travelnge by more than a fifth. the day has already been dubbed "black monday" by analysts who described the market reaction as "utter carnage". a government minister has said there is "no need" for coronavirus stockpiling, as worried shoppers clear shelves. tesco and waitrose are among retailers restricting sales of essential food and household items, in—store or online. shoppers have reported shortages of items such as toilet roll and hand soap at their local stores. let‘s show you what‘s happening on global stock markets right now — after that big sell off. and just for some context, let me show you how that compares to the previous biggest losses on the ftse100. here are the three largest falls on the ftse100. 10.8% slump on so—called black monday, when shares fell sharply around the world. oil price down as well. huge sell—off on the market for the reasons we sell—off on the market for the reasons we have talked about. the concern about what the coronavirus spread could mean for all sor

whatever but dubai specially grades a big impact for the global travel system so this is quite a big news in this challenge in days for their vision business you have to expect this crisis vibration takes quite long that will be done a lot of travel ban still of the flight restrictions and i don't expect in the next few weeks or even months that something will go back something it's the normal to many airlines grounded domo by fleets and emirates is the latest prominence victim on this the many smaller airlines which getting deep troubles but you also see we also see now more airlines request and for requesting for aid from the governments even stronger of towns or one of the richest islands in the world is looking for state aid from their government well more than a 1000000000 indians have been asked to stay indoors during a daytime nationwide curfew and with the number of cases rising every day healthcare officials say the country is now at a critical stage and less about purana much more from the capital new delhi. in a city of nearly 20000000 people the streets of delhi were practically empty on sunday and it was a similar picture arou

whatever but dubai specially grades a big impact for the global travel system so this is quite a big news in this challenge in days for their vacation business you have to expect this crisis vibration takes quite long that will be done a lot of travel ban still a lot of flight restrictions and i don't expect in the next few weeks or even months that something will go back something it's the normal to many airlines grounded their world might fleets and the emirates is the latest prominent victim on this the many smaller airlines which getting deep troubles but your seat we also see now more airlines request and for requesting for aid from the governments even stronger of towns or one of the richest islands in the world is looking for state aid from their government. mcdonald's restaurants across the u.k. and ireland will temporarily shut their doors amid this pandemic the company says its 1300 restaurants in the region will close by monday night at the latest restaurants and fast food chains around the world have been forced to limit services or closed due to a chronic virus. so the food hospitality and entertainment industries are being hit

global travel. and that's plain andrea hang in singapore in frankfurt and the financial fallout is immense but how bad is this hitting businesses.

whatever but dubai specially grades a big impact for the global travel system so this is quite a big news in this challenge in days for their vision business you have to expect this crisis vibration takes quite long that will be done a lot of travel ban still of the flight restrictions and i don't expect in the next few weeks or even months that something will go back something it's the normal to many airlines grounded them up by fleets and emirates is the latest prominent victim on this the many smaller airlines which getting deep troubles but you almost see we also see now more airlines request and for requesting for aid from the governments even stronger of towns or one of the richest islands in the world is looking for state aid from their government. riots in prisons in colombia have left at least 23 people dead there have been violent protests at a number of prisons as panic spreads over coronavirus inmates feared an outbreak of the virus behind bars on a sound of m.p.'s he's in bogota and says the situation is now under control. it seems to have been a coordinated efforts on the part of an manned inmates to set up these protests dem

the density in the city, all of the global travel, travelers, people who travel into the city from all across the world. different countries. you also have the businesshe number of people who travel outside of new york across the world and then come back here. so he believes and based on what health officials are seeing, that in many ways this may have started here. we keep hearing this -- that this may have been on the streets here in new york, in new york state, for much longer than anyone had initially thought and so it spread and it has been spreading and that is why we are seeing this rise and this continued rise in number of cases. and as you said, jake, behind me is this makeshift hospital. they're getting things underway. they're setting up all of the gear and hopefully by next week they should have it up and running, jake. >> shimon prokupecz in new york city. >>> joining me now is elizabeth cohen. let's start with the governor's announcement that they're going to try to put two people on one ventilator in an experimental procedure. how is this going to work? >> jake, this tells us how bad this is gotten that they are feeling like they need

global travel. and let's pull in andrea hang in singapore in frankfurt starting with you the financial fallout is immense but how bad is this hitting businesses across the region then it was a painful ledgett ing start to the week shares would dropping like flies.

the oval office and all not specific on stopping the travel how worried are you about that specific in terms of the implications for global business and try to eat well normally i would say is quite significant but if you look at passenger traffic on airlines it's not quite ground to hold but it's it's slowed so sharply already that kind of the cuts in these planes off now probably won't make that big a difference i think it's more just a sign that the he's betraying by this that he's that he's missed the boat in certain areas is more worrying. petroeuro watching the markets but you know that in washington d.c. taking the temperature of things we've seen president trump over the last couple of weeks i think he had an eye on the markets and was trying to say well it's not really this serious the coronavirus he seems to deeply misjudged things that deep. well trump has him self literally aligned the success of his presidency with the stock market saying the stock market is a barometer of his presidency and so he does very paid very close attention to the market i think you can actually separate the selloff into 2 legs the 1st as we

for the habit to be invented, undertaking business conversations in the way we are taking now and i suspect we will never return to the same level of global travel before. that is the kind of business lifestyle change. if you take a policy shift. it is interesting that the u.k. chancellor said yesterday when they announced a new package for self-employed people that they had made him aware that self-employed people probably are not paying enough tax and because they are not paying enough tax, the government can't netrd to put in a safety for these people in terms of sickness insurance or other things that can tide them over. what we might see after this, reflecting problems that existed before his we might see a kind of new settlement were , or theloyed people welfare safety net is extended to cover them. anna: so we think the classifications of different types of work, matthew. you have worked in the policy unit at number 10. schemessier to dream up , how confident are you that the grand plans we have heard from the u.k. government, they will actually be able to get to the people who really need them on the ground? >> look. i used to work in go

travel and public gatherings. coming up next in d.w. business we have the latest on the corona virus and what it's doing to the global economy stick around for that we'll be right back. i'm scared that. not hard and in the end it's a me you're not allowed to stay here anymore we will send you back. are you familiar with this. witness smugglers would lie and say. what's your story. 'd on what numbers of women especially a victims of violence. take part and send us your story we are trying in all ways to understand this new culture. not a visitor nothing yet you want to become sitting. in for migrants your platform for reliable information. up. a clash between 2 oil titans and stocks around the world tumbling markets experienced the worst days since the financial crisis in 2008 we lost our correspondent on wall street to assess the damage. also coming up plus the corona virus infects global supply chains we take a look at how one german company is weathering the storm. choppy waters ahead how years of on the bratz have pushed mollies tourism sector to the brink of collapse we'll meet some of the people whose livelihoods are at risk. this i

columbia business school institute supports research on global business, provocative forums like this one instance a student from a host of global travel programs including study tours and classes during winter and spring break. i'm proud to say next month the institute will send its 10,000 students overseas. that is quite an accomplishment. the other sponsor is the poor richmond center for business law and public policy at columbia university. it's a joint venture of the business and law schools. the richmond center's goal is to foster collaboration among the universities distinguished business and legal scholars in order to generate curriculum, advanced research to have the potential to inform public policies as well as the practice of business and law. again, just like the brussels effect. now without further ado to explain the brussels effect and its many implications, i am pleased to welcome anu bradford the professor of law at the international organization columbiofcolumbia law school who a senior scholar at columbia business school and to help lead the conversation we are privileged to have the economics editor for bloomberg bu

global travel. and that's plain andrea hang in singapore chelsea delaney in frankfurt and starting with you the financial fallout is immense but how bad is this hitting businesses across your region then it was a painful ledger thing started the week shares would dropping like flies over here in singapore those numbers dropped 6 to said to further down in more ways than one australia lost a whopping 7 percent now that this goes on and it only continues downhill why are asian exchanges down so far when when we're hearing that the chinese are returning to work and the new cases of infection are subsiding. that's an excellent question ben but it really still is very much attached or linked to the coronavirus and there's even talk that it needs a recession globally now we can cheer about the positive numbers that are coming out of china and you know that the fact is they still have some 80000 people still inspected to give the all clear what's even more worrying now more than what's happening in china are the numbers that are steady and fast rising spreading rapidly across other countries outside of china now government banks are you know clearly not very prepared

travel and public gatherings. coming up next in v.w. business will have the latest on the coronavirus and what it's doing to the global economy stick around for that we'll be right back. i'm scared that i will not tire and in the end it's a me you're not allowed to stay here and more we will send you back. are you familiar with this.

business travel and events. both companies are also encouraging global employees to work remotely from home, if possible. >>> inield people who spent the past couple weeks in quarantine left travis air force base in buses today. about 140 passengers from the diamond princess cruise ship were evacuated from japan and taken to travis last month. the passengers who tested positive for the virus were moved to hospitals. most others were monitored and eventually cleared. the buses took them to airports in sacramento and san francisco today so they could fly home. passengers said they understood the need to be isolated in japan and again in the united states. >> we totally understand why we had to do another 14 day quarantine because the last thing we want to do is be of risk to anybody out there. >> officials say about a dozen people who had close contact with someone who tested positive for the coronavirus will remain under quarantine at travis until they are cleared by doctors. >>> just more warm weather around here today, that wind advisory set to drop tomorrow morning, but it's still breezy in the hills. these w

businesses. analysts say the planned assistance fell short of investors expectations and that the travel l restriction fueled their concerns over the global economy. indexes are in the negative as sell-offs intensified after the white house speech. mumbai's benchmark plunged 8.2% and sydney tumbled 4.4%. seoul down 3.9%, extending losses from a three year low marked on wednesday. >>> now the governor of the bank of japan said he is ready to respond to the volatility. >> translator: we will keep a close watch on the situation and act in an appropriate and timely manner without hesitation if necessary. >> kuroda made the comment after meeting prime minister shinzo abe to discuss the economy and fluctuating financial markets. kuroda said the boj has been providing ample liquidity, the financial markets -- to the financial markets and buying exchange traded funds. >>> a government survey shows that sentiment among major the poll by an industry association covers 87 bus companies in the northern prefecture. at least 12,000 servicesooked for the first half of this year have been canceled. in sales terms, that works out to a loss of 860 million

business. while the virus is having an impact and will impact results for the first half of this year, i continue to be optimistic about the potential for luxury travel globallyarket. it is a strong area of business to be in. shery: that was james riley, ceo, mandarin oriental hotel group speaking to us earlier on bloomberg. let's get a check on the markets. down byifty futures almost 4%, and that is tracking losses elsewhere in asia. hong kong stocks down close to 2%. 1%. downside of over we continue to watch market action on this friday's session. asian stocks continue to selloff. this is bloomberg. ♪ when you move homes, you move more than just yourself. that's why xfinity has made taking your internet and tv with you a breeze. really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome. so while moving may still come with its share of headaches... no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started. >> inching ever closer to the weekend poll. 8:30 a.m. in mumbai. i am haslinda almond

multi-quarter sales losses because even as the epidemic stabilizes in china, the global spread means their outbound travel businessegatively impacted. i also want to point out that their management has taken some extreme measures. their chairman and ceo are slashing their salaries to zero starting this month to help cope with the outbreak. haidi: extraordinary measures everywhere. thank you so much for that. . our china correspondent, selina wang, in beijing. the u.k. and u.s. are moving closer to lockdown. both governments are trying to find ways to keep this -- keep business in business. duncan edwards is the ceo of britishamerican business, a transatlantic trade group. we welcome him now. great to have you on with us. how do businesses possibly mitigate or prepare for a scenario that is so unexpected and so unpredictable? duncan: clearly, the first thing that is on the minds of businesses and our members and other businesses is the well-being of their employees, first and foremost. and secondly, on the well-being of their companies. over the last week or so, and more rapidly in the last few days, companies have

whatever but dubai a specially grades a big impact for the global travel system so this is quite a big news in this challenging days for the division business smaller airlines must be quite worried seeing this sort of news of a big and line as you point out like emirates which will have support from its host city and from its government if it can have this sort of trouble then smaller airlines must be the risk of them some actually going to the wall in this in this crisis which is well who knows how long it will be. yet that the problem is we don't know how long it will take and you have to expect this crisis motivation takes quite a lot that will be done a lot of travel ban still a lot of flight restrictions and at the expect in the next few weeks or even months that something will go back some things that normal too many airlines grounded there were about fleets and emirates is the latest prominence victim on this and as you said all right show the many smaller airlines which getting deep troubles but you also see we also see now more airlines request and for requesting for aid from the governments even stronger of terms of one of the ric

whatever but dubai specially creates a big impact for the global travel system so this is quite a big news in this challenge in days for the division business we have to expect this crisis vibration takes quite a long that will be done a lot of travel ban still a lot of flight restrictions and i don't expect in the next few weeks or even months that something will go back something it's the normal to many airlines grounded domo by fleets and emirates is the latest prominent victim on this the many smaller airlines which getting the deep troubles but you also see we also see now more airlines request and for requesting for aid from the governments even stronger of towns or one of the richest islands in the world is looking for state aid from arab governments. in the u.s. the federal government is slowly implementing measures to contain the outbreak but many state leaders say it's not happening fast enough and they're introducing their own tougher rules new york and california opted for a complete lockdown leaving home for anything other than essential activities is now punishable by law in other states governors have shut down bars restauran

business in phases. >> in terms of travel and trade in china, it is only going to compromise everyone's ability to get this done. >> you cannot really isolate one country anymore. it takes globale sum believes countries can ease travel restrictions, limiting the spread of the virus while allowing the spread of business once again. >> i hope airlines and countries will limit travel bans to people outside wuhan, because the number has shown they're healthy people, they have fighting power. i think the industry needs to be recovered. >> reporter: sun is also encouraging new workplace habits within her own country as roughly 40,000 employees have slowly returned to the office. masks are required and they pass through temperature checkpoints daily. >> even the boss has to do it. >> everyone. >> reporter: and sun's customer service centers are working overtime, handling millions of cancellations and refunds, something she's had to convince business partners to agree to. >> so i reached out to all the ceos for hotel chains, for the airlines, for local operators and yesterday was the cruise ceos. everyone needs to be brought into the front line. >> reporter: sun says much of her time

whatever but dubai specially grades a big impact for the global travel system so this is quite a big news in this challenge in days for the division business you have to expect this crisis vibration takes quite long that will be done a lot of travel ban still of the flight restrictions and i don't expect in the next few weeks or even months that something will go back something it's the normal to many airlines grounded them up by the fleets and emirates is the latest prominence victim on this the many smaller airlines which getting the deep troubles but you also see we also see now more airlines request and for requesting for aid from the governments even stronger of tons of one of the richest islands in the world is looking for state aid from their government more than a 1000000000 indians have been asked to stay indoors during a daytime nationwide curfew with a number of cases rising every day health care officials say the country is now at a critical stage and less about piron i'm has more from the capital new delhi. in a city of nearly 20000000 people the streets of delhi were practically empty on sunday and it was a similar picture ar

travel is a rapidly growing area of business. the virus is clearly having an , but i continue to be very optimistic about the potential for luxury travel, globallystrong area of business to be in. haidi: thank you for your time. to's get you straight jessica summers for the first word headlines. jessica: governments around the -- more thanning 54 billion dollars has already been set aside. most asian nations have allotted just while spending is year of spending is almost entirely on italy. the world health organization warned about complacency. airlines are being warned that the virus could cost more than $100 billion in lost revenue, due to falling travel demand. the warning is based on an estimated 19% loss in global passenger revenue. nations with 10 or more cases of the coronavirus account for 80% of airline income. saudi arabia has announced a major shakeup in government. economy minister is being removed from his post and will be replaced by the finance minister. ae change was announced in decree. they have given no reason for the move. the international criminal court has improved -- approved an investigation into war crimes in afghanista