spain reported its lowest number of new infections in more than ten days. in italyaths linked to the virus have continued their downward trend. the government in the uk has urged people to stay at home, as the death toll from coronavirus rose by 700 in one day, including a five—year—old boy. there are indications that the spread of the infection in the uk is slowing because of the lockdown restrictions. now on bbc news — dateline london. hello, and welcome to the programme which brings together some of the uk's leading specialist journalists with the foreign correspondents based here who file their stories with the dateline "london". joining us from home: stefanie bolzen is uk and ireland correspondent for germany's die welt. michael goldfarb presents the frdh podcast — that's the first rough draft of history. and, boy, what history is he reporting on now. and with me again — at a safe distance — the bbc‘s chief international correspondent, lyse doucet. grounded she may be by covid—i9, but her curiosity about the world remains undiminished. we'll begin here in the u

epidemologists think we're two to three weeks behind italy and spain, which has seen more than 10,000far, coronavirus has caused under 4,000 deaths — it's only after the event we'll know whether we did enough. stefanie, what have you been telling your readers about how the uk is handling this epidemic? kind of a roller—coaster. i think as much emotionally for a person living in the uk and having a family here. but also from the continent, especially from germany, our readers have been very interested in looking at how the british government manages the crisis. generally, the impression was that borisjohnson has been very slow, he was a very slow to actually tell people they had to stay at home, you almost got the impression that he didn't want to tell people to do anything, he is not a person who likes to tell people to follow orders. but that has now risen to criticism, but actually, the british government has not taken advantage of being behind the curve and introducing very strong measures in terms of social distancing to actually stop the spread of the virus more quickly than coun

spain reported its lowest number of new infections in more than ten days and italy has continued itsrd trend. there headlines. now on bbc news, dateline london with shaun ley. hello, and welcome to the programme which brings together some of the uk's leading specialist journalists with the foreign correspondents based here who file their stories with the dateline "london". joining us from home: stefanie bolzen is uk and ireland correspondent for germany's die welt. michael goldfarb presents the frdh podcast — that's the first rough draft of history. and, boy, what history is he reporting on now. welcome to you both. and with me again — at a safe distance — the bbc‘s chief international correspondent, lyse doucet. good to have you again. grounded she may be by covid—19, but her curiosity about the world remains undiminished. we'll begin here in the uk. it's week two of the "great stay at home," and the statistics suggest it's working — dramatic falls injourneys on public transport, little activity at airports, quieter roads. this, though, is the calm before the storm. because of the t

we are seeing a lot of stress in europe between italy, spain, germany, and the netherlands, and the big debate. everyone trying to figure out whether or not we are going to see debt utilization. the eurozone acting as one to figure out how to deal with the virus, and then how to plan a

phil: what will it mean for countries with weaker economies like italy and spain? >> italy and spain were unhappy with the first line of answers. two weeks ago the meeting of the finance ministers put forward a number of things that will also be part of. they made clear to leaders they need more help. the money that is being put forward in different funds, we are looking at billions of euros from the investment bank, from the rescue fund, the stability mechanism and from a short time work scheme the european commission has put up. it was 100 billion. so these three things are probably in that package that has presumably been agreed to by the ministers. particularly the netherlands were concerned about the european stability mechanism conditions. they were the one country among the 19 that said we want to stick to tough conditions if italy and spain want money from the fund. it appears this has been resolved. phil: briefly, other strings, what conditions have to be fulfilled? georg: remember the financial crisis when greece was about to fail, the stability mechanism

other wealthy northern european nations to issue shared debt in order to help countries such as italy and spain but that idea it is highly divisive. hospitals in italy have faced a massive challenge to treat all their patients critically ill with cove in 1000 disease spain's prime minister has called the pandemic europe's biggest crisis since the 2nd world war with. but help has come for some in the form of the german air force specially equipped planes have flown covert patients from italy and france to hospitals in germany in all more than 200 sick people have been transferred from european countries even in the time of corona germany sees itself as a good european. wants to and he will show solidarity we've proved that in the past but this is a crisis that affects us all in terms of health and economically and financially that's why we must take care in these times that the e.u. stays together. but when it comes to financial help germany is less ready to offer everything that is asked for the e.u. has agreed big support package it's worth more than 3 trillion euros to counter the economic ef

the situation in europe is the focus of the financial times with italy spain and france looking to easeir own restrictions. the front page of the times shows a picture of a loan runner in london where the london marathon should have finished today, if it had gone head. the paper also has a story about an asteroid making its way towards earth. scientist say its way towards earth. scientist say it will miss us byjust under 4 million miles. a narrow escape. let us million miles. a narrow escape. let us begin with our guests, kate and asa. we will look at the metro first of all. it begins with boris returning to number 10 to kate, what is his first decision? he has some significant decisions to be getting on with so it is obviously going to be about the lockdown and we have heard a lot over the weekend and i am going in tomorrow and you will see on the front pages, it is all about when these restrictions may be lifted. some papers say there may be some things happening this week, i find that a little hard to believe that he is going to move fast in any way on this dig he still has two weeks

coming up, providing, italy and spain could get financial help. more on that next.his is bloomberg. ♪ this is bloomberg daybreak: europe. as the global case number has hit one million, the epicenter is in europe. spain,ce,, italy, and new infections slowed in italy and intensive care infections to clyde. -- declined. italy is of particular concern. it had the weakest outlook of the member states. that was before the virus's drug. says hencial minister is willing to offer quick financial aid to minus all the red tape. do you see this as perhaps a sign of hope europe might be able to come together to fight this crisis? >> absolutely. they are going the right direction. moment for cohesion when the pandemic is finally contained. is most impacted by the shutdown. hit extremely hard. they will require fiscal support for quite some time. but kind of af protracted one-off. i have argued for many years that essentially it was designed for another era. werehen public deficits inflationary. is only one benefit to revisitemic, it is to that criteria. from have some comments it

particularly in those areas most impacted, italy, spain. this does bring to the fore the question of eurobonds. are we goingrall to see a more coordinated response? are we going to see any significant movement or is it a breaking point for europe? is going to bet a testing time for europe. i do not think a breaking point. with all of these things, these crises can bring people together more, and hopefully that will be the case for europe. , thef the positive things cost of borrowing is limited. there will be profound long-term implications in terms of what happens, whether we see debt forgiveness or meaningful changes, and potentially something at the corporate level turning on its head the capital structure. considered,ot to be but the most important thing is getting the spread of the virus immediaterol, and economic implications which is significant. we saw last week the market apedsting to reflect a v-sh recovery. the market is now thinking that will probably not be the case. the implications are much more significant, and we will see at

with germany and austria experiencing fewer than 5 deaths per 100—thousand inhabitants, while italy and spainhousand. as the lockdown continues here — a limited number of shops and businesses are being allowed to reopen in italy, spain and austria. our rome correspondent mark lowen reports. a tiny step towards unlocking italy. camilla cocchi's baby shop reopening today after five weeks, as this country dips its toe back into normal life. a limited experiment to see how italians react, with new rules on hygiene and limiting numbers on site. we're really glad, really excited. of course, it's not normal times, so we are worried at the same time. but we have to work, we have bills to pay, we have rents to pay, we have wages to pay. leaving your business that you started, is like leaving your baby. customers too are adapting, welcoming a reward, but with apprehension. i feel strange more for them, for the babies, for my children, but we have to be happy and somehow brave. "i'm really pleased", says eight—year—old elena, "because i haven't been out since the 4th of march. "i'm emotional." books and

2nd wave of infections the number of deaths from corona virus across europe has exceeded 40000 italy and spain account for more than half the european union has admitted it struggling to provide enough ventilators. new york state now has more than 100000 cases not far behind italy in spain dr matthew barry is a physician at mount sinai queens hospital in new york city he showed a behind the scenes look at the tough task facing health care workers that every day i'm getting ready to put on my personal protective equipment for the day. just this right here is my 95 mask that i will be wearing for the whole day through my shift. it's a little hard to bruise. but experience on the hole there. to protect us from here and articles. and then this is a 2nd mask of just surgical mask that goes over 95 to protect it from any splashes or droplets or secretions that may come my way. and lastly are these it's one form of eye protection to correct your eyes from splashes this is what i'll be wearing generally throughout the day if i need to go into a high risk procedure like integrating a patient meaning pu

italy, spain and france in laeos angeles the mayor is urging citizens to cover their face when they're out in public. top naval officials say thats h. the warship isw members. >>> some newcomers have movered in a heard of wild goats are munching through gardens in the town and in honor of national burrito day chipotle is givering away burritos to health care workers. >>> florida residents are finally being told to hunker down the da coe thkotadakotas, arc as and iowa must day stat home. nursing home administrators called the move alarming that puts healthy workers at risk >> the officials made the announcement after someone with a confirmed case of covid-19 was at the park in the grand canyon earlier this week. and the wimbledon has been cancelled for the first time since world war ii zploo as the number of coronavirus cases explodes here in the u.s. a dire new alarm about our dwindling supply of ppe, our capitol hill correspondent is here with us this morning some medical workers are already ratcheting this gear >> exactly they are rationing, they are reusing gear x they're protesting

joined him, in forming the government are more inclined to show fraternity and solidarity with italy, spains a severe outbreak. i think there will be a lot of pressure, and i would be interested to see what kind of pressure the current ruling coalition in germany may come under. in the end, the economy is so thoroughly intermingled, particularly on the continent, that to say, well, we are not going to help corona bonds or, indeed, the best way to go forward, we are not going to help italy or spain, it could have an incredible knock—on effect on the northern countries. i think that as the weeks go by, politicians are going to come under more pressure in the north than perhaps they are at the moment. lyse, it's interesting, the example there that michael gave of the comparison with the 1920s and ‘30s, because i suppose the dilemma for any politician now is that your reputation destroyed by how you answer or don't answer these challenges. president hoover, a man who had helped to feed the starving masses in europe at the end of the first world war, a man who had quite a lot of good things in h

but in italy, spain and austria, a cautious lifting of restrictions for some businesses for a trial periodd the latest research on why coronavirus hits some apparently healthy people much harder than others. and in sport on bbc news: the former fa chairman, david bernstein, tells us football needs outside help to sort out its financial difficulties. good evening. the latest official evidence of the human cost of coronavirus shows a very sharp rise in the number of deaths per week throughout england and wales — 6000 more than would be expected at this time of year. the figures released by the ons, the office for national statistics, relate to the week leading up to the 3rd april, since when the numbers have risen again, and there is particular concern about the situation in care homes and in the community at large. the new figures show that more than one in five deaths in england and wales are now linked to coronavirus. across the uk, there were 778 deaths reported in the last 24—hour period — most of those in hospitals. it means that so far, the official number of deaths in the uk linked t

spain has overtaken italy as the european country with the most cases.umber of confirmed coronavirus deaths in the country has now reached almost 11,000. we'll have much more on all that news from around the world but our first report tonight on the situation in the uk comes from hugh pym. aimee o'rourke, one of two nurses who have lost their lives after contracting covid—19. tributes were paid today for their bravery, including at the downing street press conference. and there was this warning to the public from the health secretary. we cannot relax our discipline now. if we do, people will die. so i end with the advice we all know. this advice is not a request, it is an instruction. stay at home, protect lives, and then you will be doing your part. earlier, there was an unusual official opening of the newest nhs hospital, the key players keeping their distance on fixed marks, the moment marked by a royal video contribution. perhaps i could invite nightingale‘s head of nursing, natalie grey, on my behalf, to unveil the plaque to declare nhs nightingale

more than $6000.00 according to the department of health that puts that force in the world after italy spain and france that's cross over to the. parts in the long. haul what is the latest on the condition of the prime minister. well boris johnson has been brought to san thomas's hospital just across the river from downing street on sunday night it's one of the best hospitals in the united kingdom and he went in for routine testing because he had those symptoms of the virus high fever and a cough he'd been self isolating in downing street for 10 days and we last saw him last thursday when he was clapping for the national house service and he did not look good then so when he went to the hospital there were some tests done and his condition even at the moment he's not on a ventilator he does not have pneumonia this is what downing street tells us but he's being of course closely monitored and he's 55 we know that he said other than that and in a good health condition he didn't have this thing conditions but of course this disease can reputably weston and we thought were leaders today wishing

a country like italy and spain is not sufficient that they themselves can organize the bailout. already seeing, if you compare the physical response of the industrialized nation that italy and spain have the weakest physical response. -- ineeds to happen or order to prevent a serious economic downturn not -- in italy and spain, is to allow recovery to have -- there will be something. it won't be nothing. but one has to look very carefully at the credit. it is actual money? is it just a promise? or is it something that will happen? they will not spend the money on the immediate crisis. this is money for the reconstruction of the economy after the crisis. this is about investment. this is a multi-annual program of investment but it would help enormously if these countries the moneyve themselves but if there was a new program that would do that. wolfgang, in an institutional basis, how do you see this in a year or two with -- with all of the history from world war ii, where is europe a year from now? two years from now? >> that is a possibility the eu would weaken. i don't think th

about 7000, at least that in care homes, then the united kingdom hasjoined a very sad list of italy, spain20,000 deaths and hospitals. but unlike france, the united kingdom still does not give a daily figure four people dying either in the community or in residential care. i think that needs to change. suddenly what is not in that important article on the front page, we mustn't lose sight of it is true that scotland, wales and northern ireland seem to be very much starting to engage and explain what a lack of lockdown or less of a lockdown will look like. i think it's notjust lockdown will look like. i think it's not just about treating people like adults but... how that messaging very public sleep —— publicly. i'm sorry to interrupt you but what i have to go live to the white house now, because president trump is starting his daily briefing. let's listen. half of all americans live in states who have taken steps to open their economies. yesterday governors announced initial plans to restart certain sectors. we asked every american to maintain vigilance and hygiene, social distancing and v

italy, spain, france and the uk make up half of the worldwide toll.y tests for covid—19 — which many countries had hoped to use to determine if people have developed immunity to the virus. who officials in geneva said there was no evidence that having had the virus would guarantee immunity. 847 people have died in british hospitals in the past 24 hours. it brings the total number of deaths tojust over 14,500. the uk government is setting up a new task force to back the development of a vaccine, but it'll be many months before one is available.

and other countries we re italy, spain and other countries were not able to avoid because theyavoid because they were not able to avoid because they were not up and they were not ready to make decisive action when it was necessary. may be the most important thing you said to me there was we do not care any more. let us look at some the specific decrees that the government is now already passing or is contemplating passing as a result of the new emergency powers, which in effect, let's be honest, put democracy in the deep freeze until the government executive chooses to change the situation. let us start with looking for example, at the fa ct with looking for example, at the fact that all political parties under the emergency law are not required to donate 50% of their current account cash to the hungarian emergency response fund. the opposition parties in your country say that it will fundamentally cripple their ability to remain viable voices of dissent in opposition. how does that fit with your hungarian democracy? opposition parties have asked for monetary financial contribu

spain has overtaken italy as the european country with the most cases.umber of confirmed coronavirus deaths in the country has now reached almost 11,000. we'll have much more on all that news from around the world but our first report tonight on the situation in the uk comes from hugh pym. amy o'rourke, one of two nurses who lost their lives after contracting covid—19. tributes were paid today for their bravery, including at the downing street press conference, and there was this warning to the public from the health secretary. we cannot relax our discipline now. if we do, people will die. so i end with the advice we all know. this advice is not a request, it is an instruction. stay at home, protect lives, and then you will be doing your part. earlier, there was an unusual official opening of the newest nhs hospital, the key players keeping their distance on fixed marks, the moment marked by a royal video contribution. perhaps i could invite nightingale's head of nursing natalie grey, on my behalf, to unveil the plaque to declare nhs nightingale hospital

on top of that, we have spain overtaking italy as the main epicenter in europe. contain the virus, and the prime is extending his lockdown until the 25th of april. spain's confirmed cases increased to 124,000 over the past 24 hours. twoave deaths rising by 809 over 11,000. that is where we are in europe. home in india,to the country has banned the import of the antimalarial drug. can you tell us what is happening in that country? rishaad: donald trump has repeatedly touted this drug, hydroxychloroquine. it was cited as a game changer in the fight against this pathogen. india says they will prohibit without any exceptions exports of it. oversawe regulator exports of the drug. this is a move to totally ban the export of it. this is against a backdrop of a country which has a mass migration taking place. we have seen television images of that. there are outbreaks in settlement slums, one of which is three miles from district,inancial home to the biggest stock exchange and the biggest banks. we have thousands of people who are trying to get home, and the thing to bear

italy, spain, and france reporting the smallest number of fatalities in weeks.rancis says it will unveil plans within two weeks. the current lockdown could see the french economy contracted by 10% in 2020. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. manus: coming, more about how the cleveland fed president saying -- the central bank, the market concerns. this is bloomberg. ♪ ."nus: it is "daybreak: europe with anets dealing implosion in crude, a number of calls saying cash. bank of america saying there is a disconnect between what is going on in equities and what is going on in cash. the index retreating quite aggressively. oil quite literally imploding on the day. that is a may contract. the june contract, five times the open interest. oil is at eight 99 year low. you are seeing a little bit of a movement on the dollar as well. dollar-yen up. now, forget about the earnings season and by u.s. stocks. that is according to jim mcdonald. season the earnings won't have eno

have italy and spain achieved what they wanted. yes they have achieved some of their goals basically something remained on the table and something is off the table let's start with what's off the table and that is tough conditionality conditionality for money from the european bailout fund will remain at a minimum minimal. and there won't be tough conditions like greece was facing them when they needed money from the bailout fund the compromise here is that the money can only be used on certain areas for instance in the health sector now what is remains on the table and that was crucial for both spain and italy is the idea of corona bonds in a way because what ministers agreed to is a recovery fund what they called a common financial mechanism for the future and there is still disagreement how the money for this fund where is where the money for this fund comes from some countries see joint debt issuance as a source that will be the corona bonds other say that won't happen and that is why the head of the euro group today said they

stats, and also causally being remembered by the government that the uk are several weeks behind italy and spainve not talked about lifting the lockdown compared to spain, but spain again had a higher numberof to spain, but spain again had a higher number of deaths a lot earlier than we higher number of deaths a lot earlierthan we did, higher number of deaths a lot earlier than we did, and they saw the spread very quickly. so it is to stop this from becoming as severe as other places, so we need follow these rules. speaking of other european countries, this evening emmanuel macron has announced that those restrictions in france, which i must say are stricter than those in this country, will carry on until 11 may. the headline there... very nice french accent. i do my best, google translate tells me it means" hope is reborn but nothing is required." i think what that means is there's a chance but nothing is taken for granted. the extension, emmanuel macron announcing it until 11 may. 0nly nurseries and college schools can open, so it is a partial reopening. but as a father of three teenagers, two

well the spain italy and others have achieved easy access to cheap loans but these are only loans is not fresh money they have to pay it back at one point the italian fine is mr roberto god here he said vincentio i have one and also the dutch finance minister. on the other side said we have fun because no there will not be any corona bones no debt issue by all member states the common debt that is fiercely debated in the e.u. this has to be decided on the road to the time frame is not clear the e.u. fines mrs also agreed to have a recovery fund later on the size is unknown and also it's unknown how to finance this germany is strictly against these corona bones but italy is still fighting for them and back to you know the enormity of really what is at stake here for the european union should not be underestimated many people saying that the future of the block itself depends on how it navigates its corona crisis alternately based upon this plan will the money be enough but all the experts in brussels and also the european central bank says these emergency funds worth 540000000000 euro

the number of deaths across europe has exceeded 40000 italy and spain account for more than half of that paul brennan reports on how they and other e.u. countries are coping with the crisis. maria espen are can only speak to her mother through a distant window 85 year old concepcion lives in a barcelona nursing home where half of the elderly residents have been isolated with suspected coronavirus but if concepcion tests positive and is isolated herself maria may never see her again. these are the people who have gone through a lot they have got through war post war and to leave them die like this it's very sad very sad they don't deserve it. on friday the european union executive admitted it's struggling to procure large numbers of ventilators quickly and member states are scrambling to manufacture their own with spain seeing new fatalities exceed 900 for the 2nd consecutive day the spanish prime minister visited a ventilator factory. visitor. with this visit i don't just want to pay tribute to the work of this company and all its workers but also to the company's workers and professiona

or the uk. than italy, spain or the uk.ge of turkey‘s fight against the virus. 31 cities now sealed off to all but essential traffic. still, president erdogan says, the wheels of the economy must keep turning. so many are still going to work. wearing masks is now compulsory. staying home is not, except for those under 20 or over 65. istanbul‘s mayor, a key opposition figure, has a lot on his hands. his city has the highest number of cases. he told me there should be a general lockdown before it‘s too late. translation: when we counted, there were about 1.1 million people using public transport on a workday, and we‘ve seen a lot of private cars out on the streets. 15% of the normal population is still on the move, so between two and 2.5 half million people — equal to the population of a european city. do you think it‘s crazy that this number of people are still being allowed to move around? absolutely. here, as elsewhere, the virus is killing those trying to save others... like dilek, whose relatives shared this video with u

hearted nations such as spain and italy welcome the idea but they say they need more so-called corona bunts a new type of public debt instrument backed by the euro zone so far germany austria finland and the netherlands strongly oppose the idea but financial experts going to come both tells me the positions on mutual lies debt have been softening so this should not be seen as a backdoor entrance for a fiscal union because if it is that i think it would be not acceptable to the north of europe i mean the north of europe does not want a permanent transfer union to be created so it needs to be in a sense temporary and targeted to the coronavirus cost but if that is achieved i think joint debt issuance should be feasible french finance minister lemaire already floated the idea for a common fund and dutch prime minister who also has a plan $1.00 offering grants to those in need rather than alone plenty of material for an outside the box solution whatever is agreed by the finance ministers goes to e.u. leaders for another video conference later in the month. you corresponded to filed that r

in italy and in spain. those countries, with the most infections in europe.ad the german finance minister olaf schulz calling for the quick financial stabilization of european countries hit by the coronavirus while avoiding any mention of joint debt issuance. we continue to do everything we can to fight covid-19 and support health care workers at home. we've ramped up production in the u.s. as quickly as possible. we saw this early in january and ramped up production capacity that we keep idle for just the situations. we are working to expand that. we are focused on delivering as much as we can in april and the narrative overnight that we are not doing everything to maximize the delivery to our home country is not fall -- is false. is not doing 3m all it can to fight price gouging and unauthorized reselling is research -- absurd. we've been at the front line of leading this. for all theve -- dreamers that have dedicated so much time and effort to leave the fight here, it was different -- disappointing to hear that narrative. >> it is always hard to know what

where the numbers i'm affections and deaths are the highest in fact for the 1st time spain has overtaken italy for the number of confirmed cases and with a total of 117000 confirmed cases spain is now. 2nd in the number i'm affections only to the u.s. you know which has a population 7 times larger so spain's total death toll now stands at almost 11002nd only to italy with almost $14000.00 and brenda's really shaking the foundations of the e.u. and i'll give you an example the netherlands which has over $15000.00 cases and almost $1500.00 death is refusing to join the european debt system to ease the cost of the virus because the dutch government saying is that they issue a joint debt is a step too far because they just don't have that many infections and you know they're not alone as lawmakers in germany and austria have a similar opinion then there is a swiss government with almost 20000 cases and all there they are not part of a e.u. today they now instead they're doubling the size of their coronavirus emergency loans came to 41 $1000000000.00 after being flooded with requests for help from

spain. i was it particularly italy and spain who were unhappy with the fust line of answers that this this of 2 weeks ago the meeting of the finance ministers put forward it included a number of things that probably in today's conclusion of that meeting will also be part off but they were they made very clear to european leaders that they need more help that the money that is being put forward in different funds we are looking here at think billions of euros from the european vestment bank from a rescue fund the european stability mechanism and from a short time work scheme that the european commission has put up worth 100000000000 euros so these 3 things are probably in that package that has now presumably been agreed to by the ministers of big was particularly the netherlands who were concerned about the e.s.m. so the european stability mechanism conditions and they they were the one country among the 19 who said we want to stick to those 2 tough conditions if italy and spain want money from that fund and it but it appears that this route has been resolved. and briefly other strings will co

let me ask you just a very blunt question, do you think the people of italy and spain where the peopleere the coronavirus impact has hit very hard, do you think that they feel that they have received sufficient support from fellow nato member states ? support from fellow nato member states? normally when we have a crisis, only in limited number of countries are affected in than the others can provide help to those affected. now, everyone is affected in the mix the whole situation much more difficult because not all allies have full capacity and that is the reason why i think one of the lessons really are to look into after this crisis is their ability of masks, protective suits and so on. but that is the less we have to look into after we address the most immediate crisis. you and i have talked about your concerns about cyber warfare coming from different sources, but you have mentioned russia and china in the past. there is an eu report issued just a couple weeks ago talking about a significant disinformation campaign by russian state media and pro—kremlin outlets regarding the covid—

related deaths in europe now passed the 50,000 mark, but with stabilization in some countries, italy and spain are among those poised to ease some restrictions. certain local shops are to reopen in italy as long as they maintain a social distancing rules. madrid, meanwhile, is under fire for letting construction work resume. primary schools in denmark reopened today, one of the first nations to make that move in europe. the imf warns of a so-called rate lockdown recession being the deepest in almost a century. it says the global contraction and subsequent recovery will be worse than forecast if the coronavirus is halted. outlookt world economic since the worldwide freeze, the fund predicts little gdp will shrink 3% this year, the deepest fall since the depression of the 1930's. in the second half continued the way they are now, then we are looking at severe downside scenario. global growth could fall to -6% in 2020, and that could be a time when financial conditions will be much tighter than what we are seeing now. matt: that's your first word news. asian stocks have fluctuated. u.s. and europ