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

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

renault and others have shuttered their plants during the global health crisis in the e.u. alone of a sector is responsible for around 14000000 jobs the pandemic is causing huge problems for the u.s. job market as well with the country's unemployment claims seeing one of the largest spikes on record the u.s. labor department has reported several 100000 claims filed forecasts are dire with some predicting that there will be millions of jobless americans by next week. editorial director at of the american institute for economic research geoffrey tucker says that the global economy is facing increasing pressure by the day. this is the kind of decision of that the private sector has to make amends to some extent also the responding to demands to is for social doesn't see in and there's a lot of public pressure public sector pressure on private companies just to shut down which is in many ways tragic and i think there's going to be a lot of things to discuss after all this is over about who called for these shutdowns and why and to the extent to which there was actually in a kin

renault ffion are among those who have shut their plants during the crisis in the e.u. alone the sector is responsible for around 14000000 jobs. in the latest episode of artes boom bust automotive expert lauren fix told us the industry will take a long time to recover. for the auto industry a global basis we're looking at a huge impact with every single manufacturer pretty much shutting down production we're not just talking about high end cars but every day cars we've already seen a huge negative downturn when it comes to china they're off by about 80 percent so far for the 1st quarter but that may change they're starting to get back on line but here in the u.s. we're looking at last year's sales at 17100000 cars. is recommending and they're stating they're somewhere around $14900000.00 we have not seen a downturn like this since 2008 this is going to impact a lot of us because if you look at the dow jones half of it is impacted by the auto industry either by a supplier or something that supports the auto industry so this is going to be a huge impact and it's going to

that's a great question. 71% of the population, specifically between 18 and 24, rl and -- ineligible renault terry service due to several -- ineligible for military service due to many reasons. conditions,dical the obesity epidemic makes them unqualified to serve in the military for our that prevent folks from being able to get on base to see what the military does. jobs in ption the only the military are those that are related to combat. job in actuality that any you have as a civilian you could also have in uniform. fact that military services really becoming a family business. service joins the because their father, their mother, their brother, their sister served. a decade ago, 40% of those military had a direct relative that served. is a growing disconnect between the civilian military community and we help bridge that divide ages ofally between the hoping tween 17 and 24 to get them to serve. host: did your guest mention the corps? reserve if so could he describe how alter the impact of m.r.c. in the future? mr. heck: great question. medical reserve corps was an entity poet-9/11. the s

and as for the renault door ward it offset the view that the juries of the prestigious prizes were influenced by the major publishing houses. a perspective further thrust into the spotlight with the release of selene's groundbreaking but controversial novel journey to the end of the night. yes the- people. about collusion in nineteen thirty three. adding to knowledge when full rifle school not because members of ththe- technology genius. that s because you were considered that outside the realm of hhs because if i have to lose weight they send them to give a price to a different. more tame hold the proof of the prison system. the use of in may nineneteen sixty eigight riots o shook the french literary world. for many the ward giving juries will too opaque in their decision making and ignore the literary tastetes of the majoroy of readeders. to democratize. te media in in car fewer and re. to on favorite novels. but widespread criticism of literary prizes remains. low monthly literary prizes essentially ten books intnto bet sellers. they give a lot of publicity to winning office which in turn

but that warehouse was run by associates of, uh, cyrus renault.see, i can't prove that now. i-i got to tell you something. this drug problem -- i'm as concerned as you are. i know that you've got guys out there on the streets. i know that you're going to be reluctant to tell me what you might know about this situation. i know about the code. i understand this stuff. right? that's good. what i need you to understand -- this is not just a battle if it becomes a war. and if you can't bring it to an end, then i don't really have any other choice but to step in and come down really hard on crime, and that might very well include you. harmony is involved with some dangerous people. dangerous? how? okay, i just want you to be careful. keep her at a distance until this whole thing's over, and you're gonna be fine. until what is over? [ sighs ] please, s-she's my mom. just tell me what's going on. has she asked you for anything? no, it's all i could do to talk her into meeting me for breakfast, and then she left as soon as she could. well, t-that's good. t

anna: we are seeing in other parts the same trend, renault stopping industrial activity.u for joining us. could carmakers help the fight against coronavirus or any other manufacturers by making life-saving ventilators? u.k. johnson has called on manufacturers to help with production of the machines but in divorce -- industry voices have cast doubt over whether the plan would work. what are the voices from business telling us about -- it makes a nice rallying cry, doesn't it? echoed back to the country .oming back together his business skeptical it can deliver? >> talking about how they want to help but don't know how they can help, especially with sinceators, especially you are a car it would be extremely hard to get up and running in such a short period of time. matt: i don't even understand how a carmaker could switch from producing fenders to ventilator. i guess there must be ways, but is the concern one of regulations? telling yout makers they couldn't make it past the bodies that need to prove these things? there is they, question of regulation because you have to un

i want to quickly break some news that we are getting at of renault this morning in france.utside of china and south korea will now be shut down. this is another one of those announcements you could have expected. we have heard this from other european automakers as well. renault will shut down all plants outside of china and south korea, where they've got the spread of the virus better under control. let's get the bloomberg first word news. lowhas slumped to a 17 year as global demand erodes. new york crude briefly dripped -- dipped below $20 a barrel. the price war between saudi arabia and russia continues and the kingdom says they've not had contact with moscow. saying thised down is unpleasant but not a catastrophe. u.s. treasury secretary steve mnuchin says he expects to have small business loans up and running this week. the administration is focused on getting the money out quickly. sunday told fox news on that the mass of trillion dollar stimulus plan was signed into law on friday and congress is already discussing another release package. -- relief package. anna: mi

movies downgrade -- moody's downgrades lufthansa and renault to junk debt.l talk with the head of credit ratings at moody's. next. this is bloomberg. ♪ matt: welcome back to "bloomberg market: the european open." right now, 19 minutes away from the start of cash trading and we are down in terms of futures about 4% across europe. a monetary policy blitz isn't enough to stop a selloff in corporate debt for now. the worst kraut -- route in credit markets since the financial crisis is persisting despite a flurry. of central bank steps and promises. . that comes as the u.s. fails to agree on a rescue package at the government level. after cutting renault and lufthansa to junk debt status, moody's says the coronavirus will continue to cut profitability in the most exposed sectors. joining us, the chief credit officer at moody's investors service. richard, are these government measures just not coming quickly clearlybecause they are wreaking economic damage on these companies that are most exposed? richard: good morning. admittedly, the measures i think are very st

stocks just to see if that gives you a sense of where you may go in youe italian oil business and renaultos business up on the gainers side but we still have weakness here. anything to do with airplanes at the moment seems to be a nonstarter i think just because people are still concerned about travel around coronavirus in europe back to you, courtney. >> absolutely. that seems to make sense to me geoff,> we'll move now to washin where president trump will be meeting with senate and house republicans today to discuss new the coronavirus and related e of slowdowns. eamon javers is here with us with more. hi. >> courtney, a dramatic day yesterday and i'm told there were two simultaneous meetings happening more or less side by side at the white house yesterday in the oval office yesterday, late afternoon, you had the white house economic team meeting with president trump to gather ideas on what to do to stimulate this economy and support those people who have been hurt by coronavirus particularly hourly wage earners who might have to take time off of work. some real uncertainty for those fol

steph rry's backhe is yeah back on the court tonight to face off against the defending champs that renaultn't played that course for what 4 months now since he broke his hand yeah, the left hand. >>and as you can see here he's been practicing and working out he did monday with the g league and they said it was pretty good. yeah, city is ready go back got his mojo so he's not going to be plan a ton, i mean they wanto ease a man after all there's nothing really at stake here other than just entertaining the fa you think we're out of >>it said all along he does want to throw a bone to the loyal fans >>happy that he scrimmage the physicality was the main thing for him to us. i to go up and down and the screens in. the bombs, the bruises on that stuff we haven't you haven't talked to rick about it yet but based on whe he is in his own season. i would definitely wouldn't plan hu minutes. >>should i say it was a nurse and as chance, no no >>a 44 people in nashville, tennessee are coping with deaths injuries and massive devastation after a tornado tore through at least what 24 people now have been

three of europe's biggest car makers, fiat chrysler, psa group and renault are closing their plants.hat's nearly 14 million workers whose jobs and income are now on the line. >>> at the stroke of midnight president trump's travel ban expanded to include the united kingdom. that follows a weekend of chaos and confusion at airports nationwide. officials vow to be better prepared this time. now the u.k. is introducing stringent measures to stop the spread of the infection. hi, phil. >> reporter: hi. the u.k. government has shifted its position in just a few days. late last week its core message was wash your hands and if you have symptoms stay home for 7 days. now it has unveiled just a few days later a whole range of new measures, including work from home. including no socializing at all. no pubs, clubs, restaurants. no dinner parties. really avoid all unnecessary contact. if one person in your home falls ill, the entire household has to stay isolated. there's a new extraordinary measure for those who are over 70, pregnant or with underlying health issues are being told to isolate them

for assistance from companies the teams include there see this mclaren red bull racing point haas renault and williams. and finally with people having to spend more time at home a several athletes are using social media to spread the word us all to keep their fans into taint 10 to 3 grand slam champion serena williams has joined her sister venus in encouraging people to stay active venus has been hosting daily workouts live on instagram demonstrating various exercises without having to use gym equipment. and that's it for me i'm all of that sort of thank you so much for that finally. scaremongering you know all about that there's a lot of that going on are actually people with false information worried about coronavirus we're going to tell you about care mongering about a social media movement that spreading across the internet all thing just simple things help kindness those who need it wherever they are story now from the moment community groups around the world are using social media like these in canada to help people dealing with a coronavirus crisis on their own care mongering and t

that's a great question. 71% of the population, specifically between 18 and 24, rl and -- ineligible renault terry service due to several -- ineligible for military service due to many reasons. conditions,dical the obesity epidemic makes them unqualified to serve in the military for our youth, prior problems with law, legal issues, mental health issues, all of those are some of the factors. the numberthat bring of eligible down to 27% and 28%. we address the growing military civil divide in our report, and we need, as i recommendations, some of the recommendations are geared at increasing opportunities. -- awareness of opportunities. that goes to the divide where we see the average citizen becoming more and more disconnected from our u.s. military, in part because, post 9/11, a lot of billet -- military bases put in measures to prevent folks from getting on base to see with the military does. the perception the only jobs in the military are those related to combat, when in actuality, any job you has -- have as a civilian you can have in uniform. the fact that military service is becoming a f