this is a w flight from thailand the black monday for global markets those of shaft prices that tumbled. friday on wall street is halted after the dow up plunges by 7 percent to try to continues across the world as traders react to fears of the impact of the coronavirus on the global economy. 16000000 people the north and escalating are now sealed off from the rest of the country as the government takes some custom to sketch the hopes of viruses spread. also.

this is deja vu news last summer led black monday for global markets as share prices tumble trading on wall street is temporarily halted after the dow plunges by 7 percent the downward trend continues across the world as traders react to the impact of the coronavirus on the global economy also coming up 16000000 people in northern italy are now.

friday driven by saudi arabia's decision to slash its prices germany's leading stock index the dax tumbled more than 7 percent of its open in japan the nikkei lost more than 5 percent during monday trading stocks in south korea shanghai and hong kong all slid by more than 3 percent australia even bigger losses with more than 7 percent wiped off stocks a saudi arabia perhaps in the biggest impact on its equity market shares in. down 10 percent at the start of trading. now for a quick look at european markets let's go to. france with. europe taking the whole thing. european markets are taking this very hard the dax is down almost 9 percent and earlier its parent losses a little better but this is still certainly one of the most dramatic days for european markets and in recent history and vespers had really already been on edge coming into this week because of the spread of coronavirus and the economic fallout measures to contain the virus that we're seeing and this oil price disruption and the big shock in the market is not really what anybody wanted to see right now it's going to add more p

the asia-pacific tumbling.he ftse down by 6%. the dax down by 6.5%. followreet looking to when it opens in a few hours time. , as oil prices dropped by more than a third. arerter: oil prices experiencing their steepest drop since the gulf war in 1991, the plunge the result of an unexpected enough that by saudi arabia on a steep discount on oil to his customers in europe, asia, and the u.s. stocks in asia fell as a result of the coronavirus, as in australia. >> another have been announcements about the russians and the saudi's in relation to oil. we are seeing a steep drop in the oil price in recent weeks. our financial system remains strong. our economy remains strong. reporter: the saudi decision a response to the conavirus outbreak, which is low demand. the saudis and russians could reach a compromise but in the meantime, prices could continue to fall, hurting will countries around the world, including venezuela and iran, already suffering under american sanctions. of italy'sr population in lockdown. 16 milli

the us shares tumble on the surprise move. $10 billion industry under threat as a travel ban it means chinese students are not able to return to australia to continue with a university classes. let's begin with hong kong, and the cost of borrowing by half a percentage point to one and a half percent. following on from what the us federal reserve did overnight. the main aim is to help ease the adverse impact on the coronavirus. hong kong monetary authority say that there is still little uncertainty in the ever looming of the epidemic and the in texas open black and the hong kong dollar is packed. they didn't have much of a choice. but it is highly unusual for the bank to cut and outline their needs. just a emergency moose of the financial crisis of 2008. that is raised fresh concerns about the state of the us economy and sent us shares tumble link by a nearly 3% overnight. 0ur north america business correspondent michelle fleu ry business correspondent michelle fleury sent this report. —— tumbling. with fears of economic contag

the saudis are now ramping up output from their fields to make up for lost revenues from already tumbling prices. but flooding the market with cheap crude has had the effect of driving down prices globally in early asian trading on monday they hit a nice 16 year low. and the 1st equity markets to begin the week posted extraordinary losses australia's finance minister tried to reassure australians the economy was still strong after stocks in sydney tumbled us there was the same story on markets across asia what started with an attempt by oil producers to respond to the economic shock of coronavirus has ended with oil and equity in free for the covered $900.00 outbreak has just registered another symptom. shows in india struggling lender yes bank of jumped more than 30 percent after tanking on friday on fears it will collapse last week the reserve bank of india took control of the company and imposed cash withdrawal limits it now says it intends to invest in a 49 percent stake in yes bank as part of a brace you package and the deposit is need not worry about this a bit. thousands of travel

the tumble continues wall street has its worst day since 987 investors deemed governments and central banks anti-virus measures as too little and possibly too late sending stocks to a tailspin also on the program the coronavirus nightmare for the global of nation history gets worse as the u.s. bars travelers from most e.u. nations from entering the country and some good luck for south africa domestic coal production is up. as the gold price climbs over the past months. i'm chris colfer welcome to the program it was the worst day on wall street in more than 3 decades stocks plunged again on thursday triggering a stop in trading for the 2nd time this week the dow jones industrial average fell by 10 percent the sell off coming amid growing uncertainty over global measures to contain the economic damage of the coronavirus pandemic so far emergency measures by central banks fail to douse mounting recession fears due to the outbreak losses were worsened by reactions to a travel ban to the united states for most european citizens. what were crossed over to a wall street correspondent in the

markets tumbling again. there is real data behind the fall, concerns how the spread will shrink economic growth around the world. >> absolutely. we're covering all angles of the pandemic. on wall street markets about to open. christine romans kicks us off. what are we in store for? >> in for a big sell-off here, the biggest test to the bull market since 2008. this is the 11th anniversary of the bull market and you've got futures around the world tumbling. in fact, at different points, they've been frozing, because they've fallen so far, they've automatically stopped trading to make it not be a freefall. you can see asian shares down sharply and when europe opened, europe opened down very badly, 6% or 7%. some of the european markets are on the verge of what we call a bear market down 20% from their peak. it's going to be a really rough morning here, and you can see crude prices another part of the story, a big decline in crude oil prices up to 30% sometimes at night, this is a crash we call it in the oil mar

. >> markets tumbling, businesses closing. >> we need help now. like a nightmare that doesn't end. >> families hunkering down. >> this is the reality for the next three weeks. >> how bad will it get? >> it's been very frightening. >> this is a character test for

the saudis are now ramping up output from their fields to make up for lost revenues from already tumbling prices. but flooding the market with cheap crude has had the effect of driving down prices globally in early asian trading on monday they hit him in a 16 year low. and the 1st equity markets to begin the week posted extraordinary losses australia's finance minister tried to reassure australians the economy was still strong after stocks in sydney tumbled was there was the same story on markets across asia what started with an attempt by oil producers to respond to the economic shock of coronavirus has ended with oil in equity in freefall because of it 19 outbreak has just registered another symptom. analyst spencer welch joins us from i.h.s. market in london. first of all it's usually the case that investors welcome this sort of these sort of price movements on oil markets as far as consumers and businesses go in this case it's a very different picture today. yes. thank you i mean on the on the program it depends what sort of investors you're talking about so there are there are short

of the volatile session on the markets asian shares tumbled again on friday morning after wall street more heavy losses of nearly a 1000 points this massive swings driven by concerns about the fast spreading coronavirus markets like clarity but analysts say there is very little of that right now in asia the nikkei dropped almost 3 percent. shared over 2 percent blue chip bags investors disruptions to global business intensifying soaking fears of a prolonged slowdown in the global economy and indian markets tumbled after the central bank seized control of the beleaguered yes. let's go straight to our financial correspondent frank but only from wall street that put it into perspective for us how bad is this drop of nearly a 1000 points. a 1000 points sounds huge but of course the dow is also. very much advance that was coming down from record highs that were almost close to 30000 points so you have to put that in perspective the percentage drop still huge the percentage drop was around 3 and a half percent and that's huge for a huge market like wall street where you have the world's mos

the saudis are now ramping up output from their fields to make up for lost revenues from already tumbling prices. but flooding the markets with cheap crude has had the effect of driving down prices globally in a asian trading on monday they hit in the a 16 year low. and the 1st equity markets to begin the week posted extraordinary losses australia's finance minister tried to reassure australians the economy was still strong after stocks in sydney tumbled was there was the same story on markets across asia what started with an attempt by oil producers to respond to the economic shock of coronavirus has ended with oil in equity in freefall because it 19 outbreak has just registered another symptom. so some serious drops there in asia tells the delaney of a nurse correspondent in frankfurt how european markets are reacting to the news. the markets here opened an absolute freefall the dax is down more than 7 percent the footsie and london sound about 8 percent so it's really a dramatic drops the biggest drop since the financial crisis in some cases even since september 11th so there's definit

economy the new rate is down half a percentage point but the movie also reassure wall street which tumbles in the aftermath results in asia on wednesday more makes with slight gains in tokyo and seoul. now let's check in with our financial correspondent only bonce who is standing by in frankfurt for us only mock reaction seem a bit all over the place. yes that's right it was a tepid reaction in europe when the decision came. just reaction really in wall street the market went south in a big way and asia the markets are kind of hovering wondering what to do with this the move was i think calculated to deescalate the worries and said it did not calm but escalated the worries and indeed when jerome powell spoke he did sound very worried that gave investors pause for thought of course we don't know what the reaction would have been if the fed had left the markets untended knowing the markets they wouldn't have appreciated that either i mean it really is a shot from the hip isn't it it's a deviation from standard fed procedure why why is the. that's right it's a much clearer step than steps bef

been accused by some of starting a price war while others say we are the one who sent the oil price tumbling so who or what led to the stock market crash on monday. well it's a combination of factors actually of course we have the impact of the crisis which is made by the corona virus spreading around europe italy we have just seen it your your reporting on it and then of course this situation with oriel which is a bit complicated and so far i've never seen anything like this at the end of the day. the aim of saudi arabia the. country's. 2 car. different auctions so that's the prize might mean sustained higher level given the drop in in the in demand that would come especially from china after what happened with the partial shutdown of the of the country but then the reaction by saudi arabia with actually. need to have some of the price of oil ended up by having was it the fact that they were seeking in the 1st place. so this is something a pretty pretty much unprecedented and. acted on the market even more pressure to it and we have seen what the outcome is we have had the 1st drop in price

curve has tumbled below 1%.n u.s. 30 year yields, which looked back last winter were trading at 2.5% are at 98 bips. part of this might be the contagion driven by the oil market, but traders i've spoken to this morning say this is a .arket overrun by algos we had been liquidity so you get a rushed sell bond -- by bonds. it has squeezed out shorts in the market and they run into equities, so we are seeing contagion across the market as circuit breakers get hit and the global route deepens. manus: thank you very much. dani burger on the markets. the germany, they've taken the first steps. companies and workers affected by the fallout of the coronavirus, after more than seven hours of talks, angela merkel's government agreed to the following. 12 point 4 billion euros between 2021 and 2024. the statement came after the meeting and read like this. no company in germany should go bankrupt. i'll read that again. no company in germany should go bankrupt. no jobs should get lost due to the coronavirus. the government say

a huge tumble wiping out most of waen's historic gain.s in store with the jobs report due in just a couple of hours. >>> if you don't call something an entitlement you'll never really deal with -- >> we'll cut it bought we're also going to have growth you've never had before. >> the president with a seismic shift on entitlements. how will it play out in key states 8 months until the election? >>> and sharp criticism of the attorney general's candor and credibility. it's not the democrats but a federal judge. good morning and welcome to "early start." i'm phil mattingly. they let me escape washington for one brief morning to hang out with my good friend. >> laura jarrett has the day off so phil is sitting in here. happy fraed, 5:00 a.m. in the east

in 2001, "worldcom's" stock tumbles more than 30 percent. like thousands of investors across the country, owens is watching his investment dwindle. and on wall street, analysts are getting nervous. >> "citigroup," through its traveler's arm, loaned him a half billion dollars through some family trusts, so he could buy lots of things. well, those loans were secured by the value of his "worldcom" stock. >> the banks tap bernie on the shoulder and request their money back. bernie's in trouble. to pay back the banks, he may have to sell his "worldcom" stock. >> a margin call. and when the ceo begins to sell a lot of stock, investors get nervous because they take it as a sign that the ceo thinks the future is-is poor for the company. and you had this, sort of, spiraling circumstance. >> "worldcom's" board of directors desperately wants to avoid a fire sale of "worldcom" stock. so, to bail ebbers out, the board approves of $408 million loan to its ceo. the move attracts the attention of the securities and exchange commission, which wants to know m

bookings for april tumbled 50%. reservations for overseas travel have declined 39% for march and 50% for april. a survey of tour bus operators shows more than 11,000 reservations for sightseeing and school excursion bus tours in january through april have been canceled. the companies are projecting year on year declines of about 50% in their march and april sales. the tourism industry could suffer another hit after the government's recent call to close schools. officials with japan's biggest trade union group say the outbreak is causing a great deal of anxiety for workers. they've set up a dedicated hotline to answer questions on the matter. the officials say i in recent weeks they have been getting more and more inquiries, main lay from contract and part-time staff. they say one caller was worrrri he h had the virus andnd wanted know if he would still get paid if he took time off. >> translator: the c callers ha been expressing a w wide range concerns. wewe'll worork witith relevant s to address their problems. >>

bubut it tumbled nearlrly 1,000 points and finished the day down 785 points. the tech-heavy nasdaq and the broader s&p 500 plunged about 3%. the japanese yen is strengthening against the u.s. dollar as investors seek thehe safety of t the currency. in the yield on the ten-year treasury note, briefly fell below 1% for the first time ever. analysts say investors believe there are limitations to what the fed and other central banks can do to mitigate the effects of the crisis. senior economist says that tuesday's plunge was probably a case of buying the rumor, selling the news. and fed announcement has the effect of stoking concern about the economic outlook making investors even more risk averse. he says that given the spread of the coronavirus infection in the u.s., i investors likely wantt additional easy measures. now in tokyo, here's how the nikkei is reacting. they opened the session 200 points lower than tuesday's close. and looking at other markets in the asia-pacific region. south korea's kospi and australia's benchmark are all trading in the negative. a

asian markets are tumbling right now. european markets have opened lower.k at london, down more than 8%. paris down 6%. frankfurt down 7%. those are huge, huge overnight moves. we have strained supply chains. workers staying home. uncertainty about the coronavirus. how far it will spread. deutsch bank lowered to negative 0.6%. a contraction in the american economy. the 10-year treasury has collapse today an all-time low dropping below 0.5% as investors around the world pile into safe haven assets. the federal reserve has cut interest rates for borrowers. congress passed $8.3 billion in emergency funding, that includes money for local businesses, communities, hospitals, testing and diagnosis. what about the workers? a brookings study shows 53 million americans earn about $18,000 a year. they are more likely to live paycheck to paycheck. they are more likely to not afford to miss work. they do not have guaranteed sick leave if they're told to stay home. many white collar companies are asking employees to work from home. they will likely be paid. engineers and

s&p 500 tumbled 225. the price of oil skidded nearly 25% after a price war between saudi arabia and russia triggered the biggest daily drol entered a bear market closing the day with the biggest losses since the great recession. a key u.n. trade organization is warning of a looming recession in the global economy as countries grapple with the coronavirus outbreak. asian markets higher this morning and futures here as well. now the trump administration has scheduled an emergency meeting with wall street executives tomorrow. president trump also said he'll meet today with senate and house republicans to discuss possible payroll tax cut as a way to calm financial market fears over the coronavirus. the president also says the white house will work with the airline and cruise industries to respond to the outbreak. >>> all right. diane king hall at the new york stock exchange. you're going to be joining us later. diane will tell us about music events being cancelled or postponed because of the coronavirus and p

imports from china tumbled by almost half to $6.26 billion.s the steepest fall in more than 33 years. shipments of clothing and accessories from china nose-dived by about two-thirds. those for mobile phones and other telecom devices dropped more than 45%. imports of computers and related equipment slid about 37%. the decline also impacted food, seafood shipments were down by about 40%. imports of vegetables fell by nearly 37%. even furniture imports were affected, they declined by more than half. lockdowns and other measures designed to fight the spread of the coronavirus in europe are hurting japanese auto and motorcycle makers. officials at toyota say they will halt production of small cars in france from wednesday until the end of the month. they say employees cannot go to work due to new rules on leaving their homes. toyota shut down one factory in portugal on monday for about two weeks. nissan is suspending production lines at factories in britain and spain. other stoppages include yamaha motor. it halted a motorcycle plant in france and

as the markets literally tumble. our national life has literally been transformed in less than a month. the e urgency and the gravity of this moment cannot be lost on anyone. every day, every hour congress delays in passing a significant relief package we risk more american livelihoods and the safety of more professionals. right after i fast-track the democratic house relief bill for the summit i immediately turned the senate toward bigger relief package for the american people. nine days ago i laid out key objectives of our work. we had to help main street small businesses and act to stabilize the foundation for our economy and we had to send more resources to medical professionals and our healthcare system. five days ago senate republicans released initial à Ãwe put forward bold policies like sending cash directly to americans. pouring money into small businesses. we knew we needed a proposal to address our nation's pain at every level. some voices have tried to pit some americans that is utter nonsense. american w

than 5 percent while the hang seng in hong kong lost almost 4 meanwhile here in germany the dax has tumbled almost 8 percent at the start of trading though it has since recovered a little bit. they believe financial correspondent chelsea delayed joins us from frankfurt germany financial capital welcome chelsea how nervous are the markets. i think we've really moved beyond nervousness to real fear driven trading one investor described waking up to the markets this morning as as waking up to armageddon and people are really quite shocked by the magnitude of the moves we're seeing and markets today it's by almost any measure of the sharpest declines since the financial crisis but in some cases since september 11th 2001 so these are really significant declines for global markets investors had already been really nervous coming into this week over the past 2 weeks there's been a lot of volatility and financial markets because of the spread of coronavirus and the economic. worries about the containment measures and what kind of impact that's going to be and now you have to add into the mix a pric

the dow tumbled 900 points.l street's iconic floor is closed for in person trading and goes online monday. >>> a delay at sfo but not a flight delay. they have postponed the next maze of harvey milk term cal one. another section was supposed to open next week. and now it will likely open next month. >>> today we spoke with one of the most respected leaders in the country. former defense secretary and white house chief of staff leon panetta, he said we are taking the right steps in combatting covid-19, but president trump should have protected the country much sooner. >> i'm concerned that this president has been ambivalent at best, about not only confronting the threat that we were dealing with, but in taking the necessary steps to try to make sure that we ultimately can control this epidemic. >> we will have much more of our exclusive interview with secretary leon panetta coming up on the 6:30 newscast this evening and he also talked about potentially, his thoughts of delaying the november presidential election

and then it doesn't trickle down, it tumbles down. >> reporter: tumbles down? >> sure. it's the restaurant worker, the cab driver, it's the maid at your hotel. >> reporter: the travel slump could be the worst since the 2008 recession with airlines already cutting capacity and amtrak cutting service on some of its most profitable routes. aware of the pending hit, vice president mike pence held a travel summit in fort lauderdale this weekend with cruise line weekend with crui it took place at the same port where a worker recently tested positive for the virus. but unlike smaller outbreaks the cruise lines have weathered >>specially a cruise, because they think they're going to get quarantined. and everybody wants to keep their options open. nobody wants to get stuck. >> reporter: the cruise lines' enhanced measures include having more medicvid thrdeshit countries. one travel association estimates the virus could cost the world's tourism industry $46 billion a month. norah? >> o'donnell: all right, manny, thank you. despite the risks posed by the virus, both bernie sanders

didn't last, trading having to be halted after just four minutes in which time the dowjones index tumbled or nearly 2,000 points. a market that's full of anxiety about the potential economic global slowdown, due to the virus, which i don't even think we've seen yet, and you end up with a perfect storm. that's what we have in there today. it was part of the knock—on effect of the global spread of coronavirus to 100 countries around the world. global falls started in asia, spreading to europe where italian markets slumped ii% today, german markets were down 8% and in the uk, the ftse 100 also tumbled 8%, the sharpest fall since the financial crisis a decade ago. these extraordinary moves in global stock markets matter notjust because of the impact on your pensions and investments. there are impacts on government budgets and business spending too. there were also historic moves in connected markets such as oil and in government borrowing too. and all this matters because of what it reveals right now. understandable uncertainty about the actual outbreak of the virus. but unpredicted consequen

wall street has taken another tumble, down more than 3%.oast of california, a cruise ship has not been allowed to dock as a passenger has died from the virus. around 2500 people ordered the grand princess going to mexico. two people on that cruise contracted coronavirus and one of them died yesterday. the ship has now been prevented from docking in san francisco. more than 35 people are said to have symptoms, a disconcerting time for those on board. there have been seven confirmed cases in los angeles. among them, a medical screener in lax, one of the biggest airports in the world. in new york, several schools have closed after an outbreak in westchester cou nty. closed after an outbreak in westchester county. there will be more cases. ourfocus westchester county. there will be more cases. our focus today is on what we believe is an increasingly vulnerable population. it appears from some of the worldwide data we have collected that seniors in particular, particularly seniors who have other health challenges, represent the most vulnerable p

trading having to be halted after just four minutes, in which time the dowjones index tumbled 7%, or0 points. a market that's full of anxiety about the potential economic global slowdown, due to the virus, which i don't even think we've seen yet and you end up with a perfect storm. that's what we have in there today. it was part of the knock—on effect of the global spread of coronavirus to 100 countries around the world. global falls started in asia, spreading to europe where italian markets slumped 11% today, german markets were down 8% and in the uk the ftse 100 also tumbled 8%, the sharpest fall since the financial crisis a decade ago. these extraordinary moves in global stock markets matter notjust because of the impact on your pensions and investments. there are impacts on government budgets and business spending too. there were also historic moves in connected markets such as oil and in government borrowing too. and all this matters because of what it reveals right now. understandable uncertainty about the actual outbreak of the virus. but unpredicted consequences of how nation

in the us, wall street took another tumble down more than 3%. off the coast of california, a cruise ship has not been allowed to dock after a passenger died. sophie long reports. around two and a half thousand people boarded the grand princess during a recent boyars to mexico. two people on that cruise contracted coronavirus. one of them died yesterday. this ship has now been prevented from docking in san francisco. more than 35 people are said to have symptoms in a disconcerting time for those on board. everything was running through my head. there have been seven confirmed cases in los angeles. among them, and medical screener at an axe, one of the b of this airports in the world. —— lax. in new york, several schools have closed after an outbreak in westchester county. there will be more cases. our focus todayis will be more cases. our focus today is on what we believe increasingly is a more vulnerable population. it appears from some of the worldwide data we have collected that seniors and particularly seniors who have other health challenges

this is the dumping years line from global markets tumbled us concerns over the impact of the coronavirus on the walls of congress grows. to 16000000 people in northern italy and are sealed off from the rest of the country as the government takes some steps to halt the spread of the corona virus. also on the program 298 people were killed in malaysia airlines some flight m h 17 was shot down over ukraine in 20146 years later being tried in connection with tests. on the doors of these women in mexico killed by now they're taking to the streets to protest against family size and the hope that kind of least save the lives of them was. a time for welcome to the program. global stock markets have plunged over fears about the coronavirus and a conflict amongst major oil producing nations has sparked a crash in oil prices oil collapsed a $31.00 and a half percent of the start of trading hitting $31.00 a barrel at one point its lowest value since january 1991 at the start of the 1st gulf war the prices since recovered slightly but it contributed to a collapse on stock markets on monday on the lea

the index has tumbled since then making it the worst performing sector in that period. >>> welcome back to "worldwide exchange" on cnbc. let's check some of the stocks on a move. shares of nordstrom dropping after announcing a series of changes to its c-suite eric will become the sole ceo, a role he previously shared with his brother. >> hewlett pack ard shares off urban outfitters taking a tumble falling short and shares are off 6% pre-market. >> as we head to break, s&p stocks there indicated some what higher a decent move with a 170-point implied gain for the nasdaq. when did we introduce siracha? not soon enough. these are our sales... by product, by region... ...set against evolving demographics. you can actually see taste- trends. since when can we do that? since we started working with bdends. (announcer) people who know, know bdo. want to freshen your home ♪ without using heavy, overwhelming scents? try febreze one; it eliminates odors with no heavy perfumes, so you can feel good about using it in your home. for a light, natural-smelling freshness, try febreze one. >>> let's che

american seniors have seen decades of savings cut down in the space of days as markets literally tumble. our national life has literally and transformed in less than a month. the urgency and the gravity of this moment cannot be lost on anyone. every day, every hour the congress delays in passing a significant package, we risk more american livelihoods and the safety of more health care professionals. that's why right after i fast-track the democrat house relief bill in the senate, i immediately turned the senate toward developing an even bigger and bolder relief package for the american people. nine days ago i laid out the key objectives of our work. we had to send direct financial assistance to americans -- direct? assistance to americans. we had to help main street small businesses. we had to act to stabilize the foundation of our economy for workers and we had to send more resources to medical professionals and our health care system. five days ago senate republicans released our initial framework for the cares act. we put forward bold policies like sending cash directly to americans

and he will tumble donald trump.f 3 people left and you have bernie biden and trump and people are choosing between all 3 and it was invited over all the other 2 all of the negatives and biden has this a pastor of negatives going that 4050 years kamala put it out. but again they're willing to forgive the so cummings the sins of joe biden because of the greater issue. of going after trump and in mississippi. the the top priority was not defeating trump. it was someone who could bring national unity can bring the country together that was interesting the top issue for mississippians. >>we have to remember there's a 3rd person in this democratic primary and donald trump. >>all right let me just ask because yeah we were seeing rallies being canceled again if there's a debate that will be no live audience. >>nobody's shaking hands, what could this to the campaign as we know it that's good for joe biden sanders and it's a race but i i have to disagree the gallup self identification has won 10 points to the republicans from

riddled with errors and misinformation that it made travelers panic and of course sent markets into a tumble officials later explained that the band did not apply to u.s. citizens or permanent residents they will be allowed to come home they'll be funneled into 13 domestic airports in the u.s. of which l.a.x. where i am right now is one but they will be subject to health checks and then to a 2 week quarantine upon return so let's look at some numbers here daryn last year there were about 550 flights between the u.s. and the shang an area of europe that's the area 26 countries where no visa or travel restrictions apply from country to country $550.00 flights a day that translates to $125000.00 per day this ban will wipe out of course cans of billions of dollars in revenues for the airlines with knock on effects for. agencies car rental agencies and the like and of course there's severe cash flow problems immediately for the airlines for example delta one of the major u.s. carriers sold employees today it would be asking them to take unpaid leave it's instituted a freeze on hiring and will idl

the smaller markets in asia wreaks absolute havoc for example in bangkok we've seen share prices tumbled by more the 9 percent in a single day's trade so real real selloff on all of the markets and these are markets that are already depressed as asia has been handling the effects of this corona virus for example the nikkei index in japan almost down 25 percent on where it was just a few weeks ago similarly the cost be losing almost 20 percent of its value. to the spread of the virus itself what's the latest on the government response across the region. well as the financial numbers have been polling this thursday the numbers of the corona virus that has actually caused it and continue to be encouraging the south korean officials here were asked at their daily briefing what difference it makes now that this global pandemic has been announced and they said well quite honestly very little because south korea has already been operating at its maximum alert level for nearly 3 weeks now ever since it got this mysterious cluster of cases down in the southeastern city of daegu that of that obvio

trading having to be halted after just four minutes, in which time the dowjones index tumbled 7%, or. a market that's full of anxiety about the potential economic global slowdown, due to the virus, which i don't even think we've seen yet, and you end up with a perfect storm. that's what we have in there today. it was part of the knock—on effect of the global spread of coronavirus to 100 countries around the world. global falls started in asia, spreading to europe where italian markets slumped 11% today, german markets were down 8% and in the uk, the ftse 100 also tumbled 8%, the sharpest fall since the financial crisis a decade ago. these extraordinary moves in global stock markets matter notjust because of the impact on your pensions and investments. there are impacts on government budgets and business spending too. there were also historic moves in connected markets such as oil and in government borrowing too. and all this matters because of what it reveals right now. understandable uncertainty about the actual outbreak of the virus. but unpredicted consequences of how nations resp

stocks taking another tumble. the president is meeting with the top bankers among them the held of goldman sachs who warned today that the bull market is coming to an end. much more on the markets in a moment. but straight to washington state where governor jay inslee just banned all gatherings of more than 250 people. >> we have to listen to science, we have to look at what is happening here and we have to act. it is not going to be easy. we are going to have to change our lives in ways that are uncomfortable if we're going to succeed as a community. >> let's go straight to seattle to sara sidner. and this is a major step in a state that has been hit very hard by the coronavirus. what is the reaction to this so far? >> reporter: look, i think what you're hearing from officials not only the governor himself but the mayor of seattle is that life as we know it is going to change some. that there are going to be lifestyle changes that need to happen in the immediate term and potentially in the long-term. not only her

the markets across the world tumbled again, reaching the lowest levels for several years before recoveringmassive moves in stock markets, and they are happening every single day. they reflect the fa ct every single day. they reflect the fact that when parts of society shut down, sectors of the economy do too, from aviation to car production. and while right now the health emergency is obviously the priority, when companies run out of cash, they can't pay people, they have to lay workers off, and that is why huge amounts of government help, more than they possibly could imagine last week, will now be required. the world's major capitals starting to feel emptier. the world's leaders speaking on a teleconference about the health and economic challenges. perfectly obvious, just the g7 conversation i was having today, everybody sees that this is going to be potentially a severe blow for the economy. just two, please. no worries. many in business are choosing to mokin at this time of crisis. here, a gin distillery in bristol making alcohol hand sanitiser for the needy. elsewhere, manufacturers a

laura: the coronavirus has sent treasury yields tumbling.suring below 1% for the first time in history. markets are pricing that the federal reserve will cut rates to 0%. otherors are piling into bonds from japan to australia. in germany, the government is taking steps to help companies worst affected by the coronavirus outbreak. it is planning to invest an additional 12.4 billion euros between 2021 and 2024. berlin is making it easier for companies badly hit by the virus to apply for aid to offset wages. in the u.s., the white house is -- itng measures to includes a temporary expansion of paid sick leave and help for companies hit by the outbreak. the timing for the measures is unclear. they could be rolled out on a step-by-step basis. global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in this isn 120 countries, bloomberg. thank you, laura wright in london. let's get to the stories now with a focus on what is going on in the oil markets. annmarie hordern has a breakdown of th

in the us not to the south korean users tell them not to be calm cool and tumble for. the mamiya that eucalyptus mr west imo sure just. join me every thursday on the alex simon show and i'll be speaking to guest in the world of politics sports business i'm show business i'll see you then. no coronavirus atallah taste shoots up and you're wrong the country's leadership claims the crisis is being exacerbated by the way. we've been faction raping crazing dramatically and other countries to politicians are being hit hard as well but the outbreak has been ministers into quarantine we also were nouns to video for those of us how he sees the crisis affecting every day not. knowing. which excuse the u.k. governments of pursuing a high risk strategy.

stocks continue to tumble despite attempts by the federal reserve to smooth over the coronavirus and use panic it's as markets all around the globe look to fend off free falling prices. as the rest of the world overtakes china in confirmed deaths from the virus with nations now seeking beijing's pressed advice on how to tackle the pandemic and those infection rates increasing dramatically we are screwed now and slovenian for the office for a bit of advice he's got a real sound head dog we also everyday life.

stocks continue to tumble despite attempts by the federal reserve to smooth over the corona virus and use it as markets all around the globe to fend off free falling prices. as the rest of the world overtakes china now in confirmed deaths from the virus of nations now seeking out beijing's advice on the best way to try to tackle the pandemic. with those who function rates increasing dramatically then we asked pronounced leading philosopher with a real sound head how everyday life could be affected his decision makers.

closed down almost 11 percent all european markets altogether dropped 12 percent and the gulf to buy tumbled 8 percent cuts harsha 4.5 percent and saudi stocks lost 3 percent of their valued prison salome has around now from new york. these are dark times on wall street as the corona virus continues to spread and a fog of uncertainty descends on investors here and around the world we will be suspending all travel from europe to the u.s. president donald trump's shock announcement on wednesday night that he was banning all travel from the european union may have been intended to calm fears. but it had the opposite effect i think. for the 2nd time in a week the slump in stock prices was so precipitous that trading on the new york stock exchange was temporarily halted on thursday as airlines began cancelling flights the u.s. federal reserve stepped in with the rescue package this time promising $1.00 trillion dollars to shore up markets but it had little effect new york's main indices closed down between 9 and 10 percent leaving many wondering what more could be done to calm nerves i think we'r

bond yields tumble. the boj pledges liquidity. the ecb unveils its response today.owns all around. down -- pairs down the economy to essential services. cases surpass 125,000. manus: let's get to market coverage. we are reacting to an implosion in confident. -- confidence. an announcement from the white house shatters the world travel concept. saly, gargantuan selloff in the first wave. is the nausea receding or are we still in full grip? >> still a lot of nausea. you have to have a strong stomach because we have been seeing widespread selling from sydney to mumbai. it is as if trump actually launched a major trade war with europe with what india's market on the cusp of a bear market territory, australia extending bear market territory. this is the worst day for aussie stocks since the height of the financial crisis despite the morrison government announcing $11.4 billion coronavirus stimulus. hong kong on the verge of bear market territory. in korea we had a halt on trading on the kospi, falling by pare so then we saw a back. very close to bear market territory in

the mood is lifting with futures gaining ground after the worst tumble ever after the stock tumble onday. look more into the markets with mark cranfield. butn't want to jinx it there are signs of the market stabilizing. >> can we start happy hour now? there are some signs of capitulation. the process will take some time. err you have seen such atic moves, there is a suggestion that some of the indiscriminate selling is coming to an end and it could stabilize a little bit after this. >> is it also a sign of some liquidity? >> absolutely. here fora huge problem market makers in particular since the rules were introduced after 2008. market makers cannot hold very big positions anymore. they have to keep risk tight. risk managers will be all over them this week. people,l be saying to do not hold positions over the weekend. stabilization and even if markets were to regain the losses, it does mean that the fed cannot hold back because 75 has already been priced into the market. >> the fed has been like this for quite a long time where they tend to do what the market has priced for them. orc

hanging on to that mobile westerly faile now weather across areas of cloud and ryan continuing to tumble in from the atlantic this next weather system bringing some breakdown poles for a time on those flood affected parts of western england in particular and the date across at least inside of wales more blustery showers are rolling through for this area of low pressure facing away just around grayson parts of the balkans and that will also bring some wet weather some wintry weather blustery showers pushing a further east was cloud and rain suit just sliding across france through the low countries which was germinates wards denmark sinking further south was a fair bit of snow coming in on monday across the alps and right sleet and snow down to the southeast and colder still persisting as well some very strong winds at times easing over into western parts of turkey whisk of some flooding coming through here flood risk of course continues up towards the northwest we'll see more wet weather coming in here but down to the southwest of it not bad in madrid temperatures at about 18 celsius with