emptying out markets around is now asking for a $5000000000.00 rapid loan from the international monetary fund central bank director. says it's urgent as he points out no one should lose his life because of a lack of funding for medical equipment well let's talk about this with theresa trumpet she's just back from tehran one about the w. reporters to raise a how dire is the situation and the need for these i.m.f. loan very diana otherwise they wouldn't be asking for that's for sure because it's the 1st time in 6 decades that iran has asked for help and i mean if you remember how big of a role the united states play in the fund then it's actually quite remarkable day even doing it now because it basically means this public is asking its arch enemy for help that shows how much help is needed right now to battle the virus and its economic consequences of course because you also have to see that iran's economy was already in a pretty bad state before the outbreak began and basically ever since the u.s. pulled out of the nuclear impose fresh saying people and businesses. i've been struggling to make ends meet o

feelings about christine lagarde, i got to be honest i'm never been a fan international monetary fund or european central bankknown as the ecb. she was managing director of the former and currently president of the latter. this morning the ecb enacted several measures which by the way disappointed the equity markets but her press conference was fantastic. she says it is still too soon to know whether or not europe will have a recession this year, but she stressed europe and the world facing major shocks but at the level and duration, all of it will depend on the speed and strength of a collective approach by all players involved. her press conference emphasized near term risk to the downside, in it is fiscal action will make the difference. she pounded table on need for physical authorities to take action that underscoring it must be collective, it must be ambitious. ecb decision not to cut interest rates left a lot of investors complain about a lack of shock and awe. but they made funds available for liquidity to keep credit flowing and increase access to refinancing plus they will be buying 120 billion euro

hopes of snapping from around the world comments from the bank of japan, european central bank, international monetary fund are giving buyers reason to buy. one stock hit hardest was up very big yesterday apple shares surging after an upgrade in the gain. those shares up in the pre-market as well this morning, stock futures are in the green in volatile trade if things stand the way they are, the dow would open around 100 points the nasdaq around 26 points. at one point, we had indicated down more than 200 points early in the session several factors you can see here down that level. australia's central bank cutting the key benchmark to a record low of half of 1%. number two, early reporting that fed chairman jay powell and mnuchin will be, quote, coordinating a conference call to help orchestrate a global response to the coronavirus outbreak both good news for investors initially. but number three is giving some pause. drafting a statement from the g-7 makes no direct calls for fiscal or monetary support amid the coronavirus outbreak earlier, president trump weighing in on the crisis and the spread tweeting

find they are in short supply and also earlier this week iran requested from its central bank to the international monetary fund an emergency relief package of $5000000000.00 and that is specifically to combat to help combat the coronavirus spread in iraq tweeted about that as well saying that it was imperative on the i.m.f. to be on the right side of history and facilitate iran as it tries to combat the spread of this virus now many here in iran do expect that the i.m.f. will be. to help but the united states will try to block those funds from coming through all this is happening as the worst is yet to come in iran experts medical experts say that the peak of the virus in this country is likely to come in the next 2 weeks the impact of the corona virus pandemic on workforces around europe has left many fearing that quarantines will affect their livelihoods sunday the reports. empty streets closed up shops and warning signs to keep their distance roam a shadow of its usual self no bustling crowds of visitors to help sustain its vital tourism sector rectally impacting the economy and workers. but the government

find they are in short supply and also earlier this week iran requested from its central bank to the international monetary fund an emergency relief package of $5000000000.00 and that is specifically to combat to help combat the coronavirus spread into rounds of odds are of tweeted about that as well saying that it was imperative on the i.m.f. to be on the right side of history and facilitate iran as it tries to combat the spread of this virus now many here in iran do expect that the i.m.f. will be keen to help but that the united states will try to block those funds from coming through all of this is happening as the worst is yet to come in iran experts medical experts say that the peak of the virus in this country is likely to come in the next 2 weeks well the israeli prime minister benjamin netanyahu has called for the formation of an emergency government with his chief rival to confront the coronavirus crisis that's on yahoo made the offer on a nationally televised. arrest saying and new temporary regime would save the lives of citizens he also ordered most schools in the country to be closed much more on t

find they are in short supply and also earlier this week iran requested from its central bank to the international monetary fund an emergency relief package of $5000000000.00 and that is specifically to combat to help combat the coronavirus spread in iran jobs or if tweeted about that as well saying that it was imperative on the i.m.f. to be on the right side of history and facilitate iran as it tries to combat the spread of this virus now many here in iran do expect that the i.m.f. will be keen to help but that the united states will try to block those funds from coming through all of this is happening as the worst is yet to come in iran experts medical experts say that the peak of the virus in this country is likely to come in the next 2 weeks and suspending nice to be as part of its new imagine some measures to contain the spread of the virus and its best burnham in new delhi has more. as of 12 g.m.t. on friday and on to april the 15th no foreign nationals can enter india apart from their diplomats work for the united nations or have certain employment visas the indian government has also said that all incom

find they are in short supply and also earlier this week iran requested from its central bank to the international monetary fund an emergency relief package of $5000000000.00 and that is specifically to combat to help combat the coronavirus spread in iraq tweeted about that as well saying that it was imperative on the i.m.f. to be on the right side of history and facilitate iran as it tries to combat the spread of this virus now many here in iran do expect that the i.m.f. will be keen to help but that the united states will try to block those funds from coming through all of this is happening as the worst is yet to come in iran experts medical experts say that the peak of the virus in this country is likely to come in the next 2 weeks. well the israeli prime minister benjamin netanyahu has called for the formation of an emergency government with his chief rival to confront the coronavirus crisis that's only at home made the offer on a nationally televised address saying the new temporary regime would save the lives of citizens he also ordered most schools in the country to be closed and the canadian prime minis

government's going to have and they've been statements from central banks including the bank of england and also the international monetary fund talking about potentially trying to help or how much difference to those make. and i think that the types of help that they're talking about are potentially looking interest rates to try and stimulate economic growth i think missed 2 challenges there one is that a lot of these economies are going into this potential crisis and on a period of relatively stagnant growth with low interest rates so their ability to make change there is more restricted and also anything that a central bank does focuses on and the financial aspects of an economy and quantity issues that potentially may arise economically from coronavirus are around the rest of the economy there around things like supply chains and we know that things like they're things that impact there are things that confidence. which obviously being affected quite significantly at the moment you mentioned got confidence is that people have been worried about investing in invest in the future is that things are not people not booking tri

find they are in short supply and also earlier this week iran requested from its central bank to the international monetary fund an emergency relief package of $5000000000.00 and that is specifically to combat to help combat the coronavirus spread in iraq tweeted about that as well saying that it was imperative on the i.m.f. to be on the right side of history and facilitate iran as it tries to combat the spread of this virus now many here in iran do expect that the i.m.f. will be keen to help but that the united states will try to block those funds from coming through all of this is happening as the worst is yet to come in iran experts medical experts say that the peak of the virus in this country is likely to come in the next 2 weeks. well the corona virus has killed at least 3 people in lebanon on and there are $66.00 confirmed cases the government has announced a wide reaching travel ban but there are doubts the country can cope with a full due to an unprecedented economic crisis that's weakened the health system xina has more from beirut lebanon's 1st confirmed coronavirus case was reported 3 weeks ago a wo

find they are in short supply and also earlier this week iran requested from its central bank to the international monetary fund an emergency relief package of $5000000000.00 and that is specifically to combat to help combat the coronavirus spread in iran tweeted about that as well saying that it was imperative on the i.m.f. to be on the right side of history and facilitate iran as it tries to combat the spread of this virus now many here in iran do expect that the i.m.f. will be keen to help but that the united states will try to block those funds from coming through all of this is happening as the worst is yet to come in iran experts medical experts say that the peak of the virus in this country is likely to come in the next 2 weeks. gaza's health ministry says israel's siege on the strip will prevent it from handling a large coronavirus outbreak special corn facilities have been set up to deal with a small number of cases the shortage of medical supplies means the health system will struggle to treat palestinians properly 2000000 people live in the gaza strip so far no cases have been reported. we in. our po

that iran is struggling with most earlier this week the governor of the central bank reached out to the international monetary fund the i.m.f. to try to request a $5000000000.00 loan to deal with the corona virus outbreak. be reporting live from tehran to johannesburg now and who's standing by for us south africa has recorded what 17 cases from india this includes the 1st person to person transmission there how concerned are people there. well despite the government urging people in south africa to remain calm panic is certainly sitting in especially given the amount of disinformation out there and also that 1st person to person transmission when the coronavirus was 1st detected in south africa it was within a group of people who were travelled to italy for a skiing holiday on their return to some of them experienced symptoms and that's where the 1st cases were detected now when this person to person transmission it's in a different province in the free states and what is concerning for people is that it appears that the spread of groener is something that can't be avoided and that's certainly a reality for many p

that's either the banks or it's foreign central banks but the united states is never itself going to impose the kind of austerity here that the international monetary fund which is run out of a small office in the basement of the pentagon implies imposes on latin america and other countries to create i.m.f. riots so the idea that we could continue along that path indefinitely is insane because you know we're really reaching that kind of a hockey stick inflection point that want to follow up on that because our debt is owed to china obama did the asia pivot it certainly looks like trump is ready to go to war in china we have the democratic party all the candidates except for tulsi gabbert are ready to go to war with russia do we see a hot war if somebody like tulsi gabbert doesn't get it and china and russia are minimizing their holdings of the dollar they've been cutting them back only for what they need to stabilize their exchange rate almost all of the growth in russian and china reserves is spent in gold not in dollars they've been avoiding it every country needs dollar. and foreign currency to trade and the us they buying our bonds yes they do that'

earlier than that about the $5000000000.00 in aid that iran central bank governor requested earlier this week from the international monetary fund zarif said that it is imperative that the i.m.f. be on the right side of history and help iran cope with this the feeling here is that the international community will be keen to help iran with those emergency relief funds to help combat the coronavirus however there is worry that the united states will try to step in and block those funds from becoming a reality from being able to come to iran to help them with combating the virus now all of this is playing out as the worst is yet to come experts in iran here say that the peak of the virus outbreak here is likely to happen in the next 2 weeks. in teheran thank you zain. we usually save sport towards the end of the news hour but we're bringing in the richardson a little bit early today because sporting events right around the world are being postponed or canceled already played in empty stadiums i will be led by you here because there is so much to talk about and would you want to start i mean i think in all seriousness as a sports de

international monetary fund calling on countries to provide stimulus wherever needed those sorts of things they're talking about cash transfers to businesses tax relief wage subsidies calling on central bank banks to institute interest rate cuts such as they can and so it goes on the numbers continue to climb italy we know is the worst affected we've heard lots and lots about the extraordinary dramatic measures in place there with a quarter of the population under effective lock down france and germany in sort of joint 2nd place lots of crowd distancing measures in place there are no gatherings in france of over a 1000 people school closures affecting 300000 pupils spain is about to introduce what they call shock therapy measures the socialist government of petro sanchez there may make those announcements very soon in britain here the numbers keep continue to go up but the government taking a somewhat standoffish star. on those dramatic measures possibly fearing the economic impact they say they're taking and being led by economic and side scientific rather and medical advice but they're not taking any big new steps just yet because you touched on italy that must have looked in the north

international monetary fund maybe some of the issues of special drawing rights and the other financial international institutions to regulate inject resources into the countries that need them. the making swaps around central banks can also be in liquidity to emerging economies and debt alleviation must be a priority improving immediately of us our interest payments for 2020 united nations says that is fully mobilized providing guidance for global efforts supporting going to responses and placing our supply chains at the world's disposal and to support our efforts the united nations is establishing and you must be partners fast phones for 19 response of the contrary to support a number of middle income countries to respond to the emergence and to recover from the social economic shock. un present court in 8 of us well the winds will be the drivers of the women response on the grounds ensuring that the wider diverse expertise and messages of united nations system i've used in the most efficient and effective way to support countries finally when we get past these crises which we will we will face a choice we can go back to the world as it was before or the decisively with those issues that make us all unnecessary

say this but coming from the head of the international monetary fund it's obviously a big deal she says that a recovery by 2021 m. is likely but only if central banks around the world take very aggressive measures to in her words stop. the issues from becoming solvency issues basically so that people don't post that companies and businesses don't go so far into debt that they just can't recover and she's warning that the poorest countries around the globe don't have the reserves to deal with this that they are going to need help from the richer countries of the world so a stark warning from the i.m.f. she also compared this to the financial crisis of 2008 and i think that's interesting sitting here in new york where we've been watching stock markets rise and fall for the last few weeks on news of the coronavirus there's been a lot of comparisons to the great recession of 2008 the great depression of the 1930 s. as wow this week we're watching the markets again be down with this news from the i.m.f. the dow and the s. and p. are down more than 3 percent but this after a 3 day rally. the volatility is really indicative of major stress on the economy

from the federal reserve last week, the statement from international monetary fund, the statement from world bank and statement from european centralinuing to support standing ready but little in terms of actual commitment nonetheless like you mentioned seeing a little bit of a rebound focus on two stocks earnings came out retailers we know retailers have been hit hard kohl's, kohl's did have earnings and profit beat sales beat the probe with kohl's weaker holiday sales despite launching several new lines the company did announce an increase of dividend by 5%, then we switch over to target you are seeing shares, eh tad higher 109, and 50 cents target did beat earnings but revenue fell short that is because of weaker sales of toys electronics home goods over holds one area doing really well may not bode well for amazon target same day services picking up in store have increased and that accounts for quite a bit of revenue so we are going to start to see more and o more push from all the players out there, same-store sales, pick up store or delivered to your house. maria: all right kristina partsinevelos, on wall street with dow up 1

international monetary fund describe the outbreak as a wicked cocktail as more countries improves a precedent it measures the u.s. . federal reserve has dropped its interest rates to 0 and launched a $700000000000.00 stimulus program japan's central bank also announced emergency measures on monday slashing interest rates and issuing loans to companies running out of cash shares opened sharply lower towards europe with the london and paris stock exchanges as low as just mentioned plunging by as much as 7 to 9 percent per pound an aunt is an associate professor of international business at thomas at business school she says it's impossible to predict how quickly the markets can recover. i think it is quite clear and the economic impact that this coronavirus have on the global economy and that to estimate how deep and how long it also depends on how the virus recover and how the world recover from this if we can recover within the 1st half of the year perhaps impact might not be too bad but nobody knows that so it all depends on how the world recovers from this but i think that it's quite clear that the impact have been felt strongly in most economies particularly on countries that depends a lot on on the soviet industry i think it will

international monetary fund describe the outbreak as a wicked cocktail as more countries impose unprecedented measures the u.s. federal reserve has dropped its interest rates 0 launched a $700000000000.00 stimulus program japan's central bank has also announced emergency measures slashing interest rates and issuing loans to companies who are running out of cash shares opened sharply lower across europe above them in paris stock exchanges plunging as much as 7 to 9 percent of it up on is an economist of associate professor of international business at thomas a business school she joins us now via skype from bangkok good to have you with us do you agree with those experts are we headed for a global recession and if so how deep and long will it be. i think it is quite clear that the economic impact these coronavirus have on the global economy and that to estimate how deep and how long it also depends on how the climbers recover and how the world recover from death if we can recover we've been there but it's part of the year perhaps impact might not be too bad but nobody knows that all depends on how the world recovers from this but i think that it's quite clear that impact have been felt strongly in most economies particularl