there has been panic buying in grocery stores, many parts of this country, and that move by the us federal reserves central bank, to bring down interest rates to virtually zero here, a sign of how the economy, there are concerns about how the economy here could be impacted, it isa economy here could be impacted, it is a well‘s largest economy of course, and the fed announcing this on a sunday evening, would you believe, clearly believes there is a lot of risk to the health of the economy here, and the global economy here, and the global economy as well. it is hoping that by cutting interest rates, that by cutting interest rates, that will shore up small businesses, giving them less interest to pay, ditto those with credit cards here, but how much it will actually do to get people out and spending again, i think remains to be seen, sally. thank you very much indeed, david willis for up with the latest on that. —— for us. for the first time in three weeks, south korea has reported fewer than 100 new coronavirus cases. the country has the highest number of cases in asia after china, with over 8,000 c

this is a rare move, to see that the us federal reserve institutes a rate cut on a sunday and as you y pointed out, just and as you rightly pointed out, just a few days before its scheduled meeting but the head of the federal reserve, jerome powell, said in a statement that there is a massive economic impact that is happening as a result of the coronavirus and in conjunction with other central banks around the world, they have set up when not only have they cut interest rates here in the united states but they are going to do what they call quantitative easing so they are going to be buying up some mortgage—backed securities and treasuries. $700 billion worth, as a way to try and get more liquidity into the us market. meanwhile, we got the first data out of china since the coronavirus outbreak started there and it's caused some cities to go to look down. it's get more from our business reporter, monica miller. talk is through the latest data. if the west wants to look to the east as to what's going to potentially happen, these numbers are fairly grim. we've learned that industrial out

our top stories: the us federal reserve has cut interest rates for a second time in a fortnight to protecthe us economy from the worst consequences of the cornavirus pandemic. we'll have the latest on how asian markets are reacting to the decision and the impact the virus is having on the global economy. as the death tolljumps in france, italy and spain, we report from madrid, on the huge pressures on hospitals and medical workers translation: you go home and you cannot kiss your child or your husband or get too close, you cannot talk to your friends. and growing numbers of parents in the us prepare for home learning as more and more states order schools to close. central banks around the world, led by the us federal reserve, have taken concerted action to halt the economic slump provoked by the coronavirus pandemic. the fed slashed interest rates by a full percentage point on sunday and announced a multibillion—dollar package of quantitative easing, to encourage spending. it said it expected a rate of virtually zero to be maintained until the bank was confident that the economy had weathe

following on from what the us federal reserve did overnight.ain 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 contagions came in emergency rate cut. the us central bank has slashed interest rates. in the united states the most i said some action taken so far. a shot in the arm in a jenna legg for the us economy. america central bank can't financial markets off guard, the surprise come unwelcome. 0ne off guard, the surprise come unwelcome.

some breaking news on efforts to combat the economic impact of the virus — the us federal reserve hasit's also announced co—ordinated action with the central banks of canada, the uk, japan, switzerland, and the european central bank. us officials say they're working to improve waiting times for health screening, after chaotic scenes for returning travellers at some american airports. the trump administration's decision to include the uk and ireland in its european travel ban comes into effect on tuesday. for more on the us level of preparedness, let's go to david blumenthal, president of the commonwealth fund, an american healthcare research foundation. thanks very much for being with us. how ready and how prepared is the us? i'm afraid we are not very well prepared. we are getting better prepared. we are getting better prepared but at the moment, we are not well prepared. why is that, what needs to happen? first, we need to be much better at testing. we are way behind the rest of the world in implementing a testing regime. we also have in our public health capacity for years and that

central banks around the world, led by the us federal reserve, have taken concerted action to halt thec slump provoked by the coronavirus pandemic. the fed slashed interest rates by a full percentage point on sunday and announced a multi—billion dollar package of quantitative easing, to encourage spending. it said it expected a rate of virtually zero to be maintained until the bank was confident that the economy had weathered events. here's president trump's response. the federal reserve is going to be purchasing $500 billion of treasuries and $200 billion of mortgage—backed securities and that number can increase, but they are going to start with that and that is really good news, it's really great for our country. it's something that we're very happy, i have to say this, very happy. 0ur north america correspondent, david willis explains why the ferderal reserve are acting now. they are acting now out of concern, i think it's fair to say, mayram, over the effects of the coronavirus in the united states, and of course around the world. we've seen markets in freefall over the last few w

headlines on al-jazeera the us federal reserve has announced its pumping hundreds of billions into the economy and cutting interest rates to me is 0 to counter the impact of the coronavirus pandemic that says the mayors of new york and the sign generous have ordered restaurants cafes and nightlife venues to close their doors and attempt to contain the outbreak despite a rising infection rate the u.s. president a short american says no need to hoard groceries. you don't have to go so much take it easy to street people going in and buying more of the i remember us during the conversation doug of wal-mart said that the buy more than the buy a christmas relax we're doing great it will pass. china's industrial output us contracted for the 1st time in decades because of coronavirus it comes as 16 more cases have been reported in the country with restrictions now being tightened on foreign visitors the government says a majority of the new cases were all imported meaning a person was outside the country when they became infected south korea says it's also looking to impose stricter quarantine

in the last few minutes the us federal reserve has cut interest rates for the second time in less than two weeks. the us central bank said the coronavirus outbreak posed risks to the economic outlook and that rates were coming down to a quarter of i%. in spain, a near total lockdown is in place with strict rules on who can leave their homes, but there has been a spike in deaths from the virus. as the european death toll from the virus rises, the continent's largest economy germany has announced border controls with its neighbours, france, austria, switzerland, luxembourg. and south korea has reported fewer coronavirus cases, although the country has the highest number of cases in asia after china. at ten o'clock we will have a full round—up of the day's news. wuhan, central china, with a population of 11 million, it is bigger than greater london. this is where the coronavirus outbreak began, last december. injanuary, as it started spreading across china, the government took an unprecedented step, to lock down wuhan. two residents began to film. police barricades ring the city. all road

cut and cut again: the us federal reserve slashes interest rates for the second time in just two weeks. and with major sporting events cancelled or postponed, how does the sector survive the coronavirus outbreak? and on the markets a mixed reaction in asia to the latest move from the us central bank — investors remain unconvinced a global recession can be prevented. in a rare move on a sunday, the federal reserve, america's central bank cut interest rates to near zero. and in cooperation with other countries around the world, it will engage in quantitative easing. all of this as the number of cases of coronavirus cases continues to rise. samira hussain reports from new york across america, the damage is mounting. people are asked to practise social distinction —— distancing. new york feels like it's grinding to a halt, the 9/11 memorial is roped off, the public schools have all shut their doors and even starbucks will serve you copy but no hanging about in the shop. recognising the impact coronavirus is already having, america's central bank took an unprecedented move on a sunday, cutt

a boost for the global financial fight against the coronavirus the us federal reserve makes a surprise cut in interest rates equities around the world surged. retreats again. health officials warn if the coronavirus is not contained they could be acute shortages of vital drugs global supply of india cards exports. as south africa falls back into recession what does it mean for the continent's most industrialized economy. that's your business in a surprise move the u.s. federal reserve policy setting committee has voted unanimously to cut its benchmark interest rate by half a percentage point the fed says it's reacting to support the economy as the coronavirus outbreak takes its toll stock markets swung into positive territory but then u.s. equities suddenly were treated coronaviruses brought yet another 1st since the dark days of the financial crisis 2008 was the last time a fed chairman announced a cut to interest rates between regular policy meetings my colleagues and i took this action to help the u.s. economy keep strong in the face of new risks to you can all make our work namely

this is news that live from berlin the us federal reserve cuts interest rates in a bid to boost the economy during the coronavirus crisis president donald trump welcomes what he describes as a terrific move he also tells americans to stop panic buying we'll go live to washington also coming up. germany closes its borders with 5 its neighbors travel to austria switzerland luxembourg denmark and france will be hit as berlin increases measures to try to stop the spread of the coronavirus. and the shutdown continues to tighten across europe spain imposes almost total lockdown telling residents to remain inside their homes it's the 2nd worst hit country in europe after italy. i'm already in use of welcome to the show u.s. president donald trump has congratulated the federal reserve on another tax cut another cut in interest rates the u.s. central bank on sunday dropped its target range to between 0 and point 25 percent it's the 2nd cut in 2 weeks and at shoring up the u.s. economy during the coronavirus emergency which has already claimed 65 lives and also had advice for americans on how they sh

us your take on the last 24 hours? yeah, so, in the last 24 hours we have had a massive monetary stimulus package from the federal reservee central bank in the us. everybody nowadays knows about oe, the bond buying programmes comedy whatever it ta kes programmes comedy whatever it takes actions from central banks to try to support the economies. the fed is now an open ended, unlimited quantitative easing. this is unprecedented, they have never done this before, even during the financial crisis. they have announced a number of other stimulus measures, really throwing the kitchen sink at the situation and going beyond where they have gone before, sending a strong signal as to how just they view this situation and how dire it is. we saw a bounceback in the markets this morning, reversed yesterday. whether this will be sustained, you could toss a coin at this point. these markets are incredibly volatile, incredibly wild and therefore very hard to predict. craig, thanks for getting up so early, we will see you again, i'm sure. the reliance on gig workers to make deliveries or drive essential workers to their roles is increasi

is the feds jumping the gun surprising analysts and markets the us federal reserve cuts its main interest rates by half a percent in response to the growing threat but coronavirus poses for the u.s. economy but markets are not impressed and have started to slide again. opec officials are gearing up to halt the slide of the oil price coronavirus slow demand in china pushing the price of crude to record lows. and as large events get canceled around the globe tourism and hospitality industries are the 1st to soft power long can hold sales an ally and hold out without state. this is the the new business i'm proud of has welcomed in a move that surprised analysts and markets the u.s. federal reserve has announced its biggest interest rate cut in a decade the decision comes in response to the danger the coronavirus poses to the american 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 bon

the us federal reserve announces a drastic cuts in interest rates to near 0 as coronavirus fears continue to ravage world markets. iran blames u.s. sanctions for impeding the fight against the coronavirus with a number of the factions there nears 14 times.

traders are now ready, the us federal reserve will cut interest rates soon to block the outcome of the but that doesn't quite explain the scale of the rebound. increasing numbers of coronavirus outside china... 0n increasing numbers of coronavirus outside china... on monday, investors jumped at the opportunity to buy oversold stocks with shares in apple and walmart among those enjoying the biggest gains. as michelle has mentioned, the paris—based group ecd. .. michelle has mentioned, the paris—based group ecd... have house demographics output democrat look this year because of the coronavirus. here's the chief economist. europe, and asia, like japan. in which case he would have the same guarantee and travel banks as we have seen in china, or similar. and that would slice the work that we were working at down to 596. work that we were working at down to 5%. meanwhile, central-bank work that we were working at down to 596. meanwhile, central-bank bosses in the us,japan 596. meanwhile, central-bank bosses in the us, japan and europe are all standing ready to help prevent an economic meltd

times focuses of the economic cost of the crisis, leading with the emergency rate cut by the us federal reserveg a medal as a precaution against spreading the illness. the mail carries the same picture and says that people may have to put their social and work lives on hold for three months as a result of the outbreak. the i also reports on the government's plans, saying that in a worst case senario there could be half a million extra deaths in the uk and the mirror says the crown prosecution service deaths in the uk. and the mirror says the crown prosecution service is reviewing its decision to pursue a prosecution against caroline flack. let's take a look at some of those stories in more detail. let's kick off with the mail. sonia, this picture of the queen, which has been pretty popular on the papers and their headline life on hold for three months. the picture of the queen, she's giving honours at buckingham palace and apparently it's the first time she's ever worn gloves to do this. she wears gloves a lot, doesn't she? usually not indoors i suppose. i guess it's sort ofa indoors i suppose.

our top stories: the us federal reserve has cut interest rates for a second time in a fortnight to protect'll have the latest on how asian markets are reacting to the decision and the impact the virus is having on the global economy. as the death tolljumps in france, italy and spain, we report from madrid, on the huge pressures on hospitals and medical workers. translation: you go home and you cannot kiss your child or your husband or get too close, you cannot talk to your friends. and growing numbers of parents in the us prepare for home learning as more and more states order

the us decision to cut interest rates is the lead for the times. the federal reserve rates by i% in an attempt to calm markets which have been rocked by the coronavirus outbreak. the guardian leads on the content of a secret briefing given by public health england to senior nhs managers which claims the pandemic may hang on until next year and cause nearly 8 million people in the uk to be hospitalised. the paper also carries an image of pope francis delivering his sunday blessing to a deserted st peter's square in the vatican. the i outlines ways in which the government is likely to step up its response to the coronavirus outbreak. one of those measures calls for people over 70 to stay at home forfour months. the telegraph carries the same story, but says those over 70s who refuse to self—isolate face a hefty fine and a possible prison sentence. the paper also carries an image of shoppers with overflowing trollies at a superstore in watford. the metro focuses on the growing number of grassroots volunteer groups established to help those vulnerable and elderly people w

australia led the way now the mighty us federal reserve has followed suit in a surprise decision the fed has lowered its interest rate by half a percent but as more central banks and governments scramble to mitigate the economic effects of the coronavirus critics ask are they over reacting. opec officials are gearing up to hold the slide of the oil prices go up ira's slow demand in china pushing the price of crude to record lows. as large events get canceled around the globe tourism and hospitality industries are the 1st to suffer from the virus outbreak how long haul tells and allies hold out without state aid. this is d.w. business i'm gal alpha's in berlin welcomed with the economic damage caused by the corona virus becoming increasingly clear more and more companies are calling for state aid some governments have already responded with a variety of measures south korea for example is to deliver an economic stimulus package to the chief of $13700000000.00 u.s. dollars the cash is mainly aimed at smaller businesses like the country's numerous market traders who have been badly affe

we have the bank of england, the us federal reserve, both cutting the cost of borrowing.he response from europe as european central bank wraps up its two day meeting in svr. there's limit to what the ecb can actually do. the european economy has been struggling since the 2008 financial crisis and the ecb has little ammunition left in terms of cutting borrowing costs. its main interest rate is already zero and another of its rates is already negative, i.e., it charges banks to deposit money to encourage them to land. it could ramp up the amount of money it pumps into europe's financial system by buying up more bonds on the market. it is orally spending 20 billion euros a month and has spent 2.6 trillion in the last five years on wednesday, european banks called on ecb are to be flexible in its regulations and ease the rules brought in after the last crisis on how much cash they can keep in reserve. they want to be able to keep cash flowing to be able to keep cash flowing to struggling companies. earlier in in the day, the bank of england cut interest rates back to the reco

headline in the times business and we are seeing situations where the interest rate cut, the us federal reserveen since the financial crisis. that hasn't quelled markets. it made no difference at all and i thought it was kind of fascinating that they decided to cut so early in this because these sorts of cut in the virus had onlyjust these sorts of cut in the virus had only just begun these sorts of cut in the virus had onlyjust begun to reach the us states. now obviously with more doubts down the line, i suspect we're probably going to see another couple of of extreme volatility on stock markets. unfortunately for save rs markets. unfortunately for savers and investors they will probably be a lot more red on those screens. certainly we have had those growth projections from the international monetary fund, they are certainly not going to reassure i nvesto rs they are certainly not going to reassure investors any time soon, are they? that is a huge cut to growth forecast. leading investment banks are talking about 0.5%—1% being knocked off global growth was up economists in the uk, where growth

i'm mariko 0i in singapore, the headlines: drastic action from the us federal reserve to tackle coronavirustaly and spain, we have a report from madrid on the huge pressures on hospitals and medical workers. you go home and you cannot kiss your child or your husband or get too close, you cannot talk to yourfriend. i'm kasia madera in london. also in the programme: south korea reports fewer than 100 new coronavirus cases for the first time in 3 weeks. we look at how it's managed to slow the spread.

federal reserve for not doing enough. and clearly the federal reserve is worried this is quite a drastic action, help us understand the thinkingready to help the us economy if it can, when it can if it deems that it is necessary. it seems a more upbeat tone than it took on friday. then they took this drastic move of making an emergency rate cut. this is something we have not seen since the financial crisis and before that we saw this kind of an emergency rate cut done in the wake of the slip september 11 terrorist attacks. at a very rare move. but they did in the hopes that it would try and stabilise us financial markets, but in fact we have not seen that effect and we see that the dowjones industrial average seen that effect and we see that the dow jones industrial average closed a little while ago down about 800 points. so investors are still really spooked. thank you very much indeed. live with us in new york. 0ne indeed. live with us in new york. one question we have heard asked again and you get the coronavirus is how does it compare with seasonal flu ? how does it compare with seasonal flu? in a couple of minutes we come

the us federal reserve has cut interest rates for a second time in a fortnight to 0.25%.tates have also taken coordinated action in an effort to protect the american economy from the impacts of the coronavirus pandemic. president trump welcomed the decision. it makes me very happy and i want to congratulate federal reserve. for starters, they have loaded the rate from what it was which was one — 1.25, and it has been lowered down to zero, zero point 25 or 0.25. so it is 0— to zero, zero point 25 or 0.25. so it is 0- 0.25 to zero, zero point 25 or 0.25. so it is 0— 0.25 so that is a big difference. it is quite a bit, a point. and in addition, very importantly, the jewel reserve point. and in addition, very importantly, thejewel reserve is going to be purchasing 500 alien dollars of treasuries and $200 billion of mortgage—backed securities and that number can increase but they are going to start with that and that is really good news. it is really great for our country. it is something that we are very happy, i have to say, very happy. and they did it in one step, they didn

i'm mariko oi in singapore, the headlines: drastic action from the us federal reserve to tackle coronavirus: it cuts interest rates near zero and announced co—ordinated action with other central banks. as the death tolljumps in france, italy and spain, we have a report from madrid, on the huge pressures on hospitals and medical workers. translation: you go home and you cannot kiss your child or your husband or get too close, you cannot talk to yourfriend. i'm kasia madera in london. also in the programme: south korea reports fewer than 100 new coronavirus cases for the first time in 3 weeks. we look at how it's managed to slow the spread. and we talk to a doctor about all the sensible things you can do to avoid getting infected. good morning. it's 9am in singapore, 1am in london, and 9pm in washington dc, where the us central bank has cut interest rates to almost zero in a bid to protect the economy from the impact of coronavirus. it's the federal reserve‘s second emergency cut in a fortnight and it took the action in co—ordination with central banks in canada, europe, britain, switzerland

our top stories: the us federal reserve has cut interest rates for a second time in a fortnight to protect markets are reacting to the decision and the impact the virus is having on the global economy. as the death tolljumps in france, italy and spain, we report from madrid, on the huge pressures on hospitals and medical workers translation: you go home and you cannot kiss your child or your husband or get too close, you cannot talk to your friends.

a cut in us interest rates to fight the coronavirus. the federal reserved action with other central banks. the news has been welcomed by president trump. the dollar has fallen sharply against the yen, and futures markets are also down. as the death toll across europe rises, spain begins a state of near lockdown the police have been out on the streets encouraging people out and about to return home. but some countries may be turning the corner. south korea has reported fewer than 100 new coronavirus cases for the first time in three weeks. the country has the highest number of cases in asia after china,

the majority of this money, 450 billion is money that we use with the federal reserve to create broad based programs, and, you know, chair powell and i speak multiple times a day. the way that works is, the federal reserve requests us to approve a specific program. i as treasury secretary have to do that. i have approved every single one. they asked for so far and in many of these packages we put up money to support the credit for the fed. so those are bed based programs. there is also approximately $50 billion that is in specific lending authority where we can lend to -- out of treasury to the airlines industry and other national security industries where it is critical and i will be working with the president on all of those and let me just emphasize, we have full transparency on anything we do. we will be reporting to the public. >> brennan: okay. the president said on friday, though, the american public could end up owning large chunks of these corporations. what does that mean? is this going to be run like to auto bail out was? will the u.s. govesseessentiallg equity stakes, warr

a cut in us interest rates to fight the coronavirus. the federal reserve brings rates down to a quarter of one per cent, and announces co—ordinated action with other central banks. the news has been welcomed by president trump. the dollar has fallen sharply against the yen, and futures markets are also down. as the death toll across europe rises, spain begins a state of near lockdown the police have been out on the streets encouraging people out and about to return home. but some countries may be turning the corner. south korea has reported fewer than 100 new coronavirus cases for the first time in three weeks. the country has the highest number of cases in asia after china, with over 8,000 confirmed infections and 75 deaths. now on bbc news in a special edition of the programme, stephen sackur is in scotland for hardtalk 0n the road. written is a proud island nation. the surrounding seas have always been vital source of food. —— britain. but who profits most from the uk's offshore riches? forfour decades, the eu made the key decisions. but then came brexi

and another volatilile session n global markets this often m movs from the us federal reserve fail to calm investors

business d w news that live from berlin the us federal reserve cuts interest rates in a bid to boost the economy during the provirus crisis president donald trump welcomes what he describes as a terrific move he also tells americans to stop panic buying we'll go live to washington. also coming up. germany closes its borders with pfizer its neighbors travel to austria switzerland denmark and france will be hit as berlin increases measures to try to stop the spread of the corona virus. and the shutdown continues .

in a surprise move the us federal reserve has slashed interest rates to almost 0 and pledged hundreds of billions of dollars to help shore up the u.s. economy a decision welcomed by a president desperate for better headlines it's really good news it sure is great for country it's something that. we're very happy i have to say this. trump also found himself pleading to americans to stop hoarding you don't have to go so much take it easy just really people are going in and they're buying more they remember i guess during the conversation doug of wal-mart said that to buy more than that by christmas relax doing great it all will pass but for citizens like carol shrader it doesn't feel that way. she's one of fountains who's being caught up in the chaos of trying to get back to the states ahead of trump's travel ban no consistency in questioning no temperature check no swabs no we were given a 5 page document to write about her. while many americans are now living in lockdown others are trying to carry on as if nothing has changed but with a state of emergency declared across the country n

federal reserve is cutting but must further yes' and most importantly come into line with other countries' competitors we're not playing on a level playing field on a level field rather not fair to us a. it's finally time for the federal reserve to lead more easing and cutting us from cultural john paul is giving a press conference now so no doubt we'll have more lines out of that a little later thank you for that for now shavar tons of there live from washington d.c. . another 11 people have died from coronavirus in iraq that raises the total there to $77.00 the highest outside china around $2300.00 iranians are infected including the deputy health minister of iran is considering roping in the military to step up its response. the world's top finance ministers and central bankers have promised to take action to try to protect the global economy from the coronavirus the g. 7 ministers did not announce any immediate steps the outbreak has already affected markets infection numbers are easing in china but they are spreading around the world especially in south korea and japan betray you reports inspecting a research lab in beijing president xi jinping urges scientists to develop vacc

it comes as economic institutions ranging from the world bank to the us federal reserve step up measuresthe outbreak. lots of detail about all of that on our website. now let's get the inside track on the global fragrance industry. its market has grown rapidly in recent years. in 2018 it was valued at $41 billion, and according to the statistics firm euromonitor its expected to grow to $52 billion by 2025. 0ne firm that's been in the industry for a while is acqua di parma, which was founded in 1916. however the firm faces increasing competition from cheaper rivals. victoria craig caught up with its chief executive, laura burdese, to find out how she made the leap from international economics to the beauty industry. i've always loved international business in a way, and i think global business is about knowing people, and getting to know international world, how the world goes. and i think any business needs to start from a deep knowledge of the countries and of the people of the countries, because in the end the customer is at the centre. it's not only something we say is a slogan. reall

and another volatilile session n global markets this often m movs from the us federal reserve fail to calm investors. thank you very much for joining us here on the phone twenty four thus the french president address the nation on the corona virus outbreak emmanuel maccoll announcing that as of noon tomorrow movement will be restricted for the next two weeks. people will only be allowed out o of their h homes o go to the grocery store pharmacy or to work the president also announcing that he was delaying the reforms to the country's pension system he also pushed back the second round of municipal elections. in micichael ending his speech y saying we are at war with corona virus. after having a console and listen this trailer. experts experts from the field of course you know. it is the end of the awful with much thought i have decided to ramp up the images into its travel and live entertainment. the contact the people have to live in this area as of tomorrow midday councilmen for at least fifteen days that often so hi folks tomorrow. i'll move it will happen to be absolutely love is w

as the virus slows down economies around the world the us federal reserve makes a dramtic1% cut to the cost of borrowing and takes action with other central banks to limit the damage — but will it help? investors are not convinced for now — stock markets in asia and europe tumble again — china's factory output collapses with some of the worst numbers ever reported by the world's second biggest economy. and with central banks practically out of ammunition, we'll find out if tax cuts and government spending will be the next economic weapon to fight coronavirus. and we'll hear from one small buisness owner about how his chain of park cafes is struggling, with people staying at home because of coronavirus, and what help he needs to weather the storm and you can be a part of the conversation. tell us what you think about the stories we are covering or what is happening where you are. just get in touch with the hashtag #bbcworklife. welcome to the programme. as governments around the world increasingly restrict the movement of people to try and stop the spread of coronavirus, economies are s

is the feds jumping the gun surprising analysts and markets the us federal reserve cuts its main interest rates by a possible percent in response to the growing threat occur on a virus poses for the u.s. economy but markets are not impressed and of starts to slide again. opec officials are gearing up to halt the slide of the oil price call.

there's also a lot of focus on central banks the us federal reserve a making that emergency rate cut last week it could even be considering another one at next week's meeting. do you think that's the right way to go or lower interest rates going to really support the economy against the effects of the outbreak. you're asking another great question- the answer is this is. the missing two had a slight problem with the connection there at two mickey levy was giving us his analysis on the state of the u. s. markets- and the pending. a support measures that we're gonna be hope to hear from the trump administration in the coming hours laura it's of course a very big week on wall street on global markets as a whole there's a l 03/10/20 03/10/20 [captioning made possible by democracy now!] amy: from new york, this is democracy now! pres. trump: we have a great economy. a very strong economy. at this blind sided the world and i think we have handled it very, very well. the people behind me a kind a great job. amy: the coronavirus pandemics urges wide wide foss of the death toll has topped 400

play this is news live from berlin the us federal reserve cut interest rates in a bid to boost the economyuring the coronavirus crisis president donald trump welcomes what he describes as a terrific move he also tells americans to stop panic buying we'll go live to washington also coming up. germany closed its borders with some of its neighbors travel to.

markets around the world surged during tuesday trading thanks largely to the actions of the us federal reserveinvestors welcomed the fed's promise to buy up as many long term bonds as necessary to keep the u.s. economy moving europe also indeed higher in germany the dax rose a hefty a one percent on the day. young visitors have been enjoying beijing zoo for the 1st time in nearly 2 months parts of it reopened this week following its closure in january as coronavirus took hold. and his muse like that and talk of the lifting of the lock down in who hand this allowed their markets around the world to be a little more bullish. the improving situation in china and the actions of the u.s. federal reserve helped stocks across asia we gained ground on tuesday in japan where the central bank has announced its own major bond buying scheme gains across the board pushed the nikkei up 7 percent during the course of the day. meanwhile in europe the new lock down in london and the rest of the u.k. combined with the fed's actions to send the footsie motoring up more the 9 percent traders are responding to fir

fallout across the world from lots of economic fallout so far probably gonna continue mark the us federal reserve announced emergency. interest rate cut on tuesday it's the largest since the two thousand eight financial crisis have point cut puts the fed's benchmark rate at one to one and a quarter percent. he comes one day after the organization for economic cooperation and development on that worldwide economic growth could be cut in half for the year if the outbreak intensive as- fed j. i'm laid out the case for the creditit a press conference today. yes. iris the measures that are being taken to contain it. will surely weigh on economic activity both here and abroad for some time. we are beginning to see the effects on the tourism and travel industries and we are hearing concerns from industries that rely on global supply chains. the magnitude and persistence of the overall effects on the on the economy however remain highly uncertain. and the situation remains fluid one. that surprise rate cut came on the heels of a conference call between finance ministers and central bankers from the g. se

the us federal reserve has already done so and so have others, but the problem at the moment is not liquidityand while in the medium term that might help stabilise and support markets, in the short term, adding extra liquidity to the global monetary system is unlikely to stem the selling we are seeing in the market. when it comes to what we are seeing on the markets, we always talk about this idea that markets don't like uncertainty. at the moment, the world has never seen anything like such an uncertain time, surely we shouldn't be surprised that we are seeing such fluctuations in the pound, at its lowest level since 1985, the australian dollar too, no surprises, surely? no, it's not, and what we're seeing in accounting markets is a flight home. investors globally are repatriating their funds. three of the biggest investing bases in the world but every other currency is suffering and falling against those currencies as investors bring theirfunds back to home and what they perceive to be as safety. is there anything that the markets should be doing? is there some way that analysts can be help

all straight led the way now the mighty us federal reserve has followed suit in a surprise decision the fed has lowered its interest rate by half a percent but as more central banks and governments scramble to mitigate the economic effects of the coronavirus critics ask all the over reacting. opec officials are gearing up to hold the slide of the oil price go up ira's slow demand in china pushing the price of crude to record lows.

yesterday, the us federal reserve cut interest rates to almost zero and launched a $700bn stimulus programmeosts. michael hewson is chief markets analyst for cmc markets. give us a sense, looking at those numbers, it is hard to comprehend such big falls once again for travel firms and it is another terrible day, they are the most exposed, other firms may be later but right now the concern is travel. when you think it cannot get any worse you see the price moves we are seen today, take easyjet for example, since 21st of february share prices are down over 60% but it is a mistake to focus just on the travel sector, hotel chains are down quite significantly, whitbread down, cineworld down 36% today anything thatis cineworld down 36% today anything that is exposed to consumer demand is getting hit very hard. so many of these firms have overheads that are very ha rd to these firms have overheads that are very hard to change, cinema have to pay rates and rents and employ staff, airlines are trying to mitigate by grounding large proportions of the fleet and cut capacity and lay off staff temporaril

the us federal reserve has cut interest rates for a second time in a fortnight to protect the us economythe worst consequences of the coronavirus pandemic. british companies are urged to join a "national effort" to produce more ventilators and other medical equipment "at speed". huge queues today as supermarkets urge shoppers not to buy more than they need, saying there is enough for everyone if people are considerate. and in around 15 minutes, we'll answer some of your questions on the coronavirus outbreak. hello and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are the writer and broadcaster dawn foster, and the broadcaster and psychotherapist, lucy beresford. good to have you both here tonight. thank you for coming in. many of tomorrow's front pages are already in. no prizes for guessing what's on the front of each and every one. let's start with the i, which outlines ways in which the government is likely to step up its response to the coronavirus outbreak. one of those measures calls for people over 70 to stay at home for four months. but not yet

loretta mester is one of the people who has a vote on what the us federal reserve does and she's beenre is extreme volatility in the market, funding available, they try to do that last friday, and that was followed by looking at some of our forecasting that we are working through right now. there is potential that this could be a bigger shock. my own view is that this will affect the us economy at least in the first—half of this year, and this was a case where we wa nted year, and this was a case where we wanted to our policy. other stories making business news today: barclays bank is cutting 250 jobs as it reshuffles staff between its offices in glasgow, manchester, leeds and northampton. many staff will also be asked to relocate. barclays says it will help them to innovate to serve their customers better than that it will do everything it can to support staff who are impacted by the changes. a rescue deal has been agreed for a yorkshire company which had been planning to create 1,000 jobs by developing the uk's first major deep mine for 40 years. shareholders in sirius minerals have

our top stories: the us federal reserve cuts interest rates for a second time in a fortnight as the consequencess the death toll jump across europe — we report from madrid, on the huge pressures on hospitals and medical workers. translation: you go home and you cannot kiss your child or your husband or get too close, you cannot talk to your friends. brazil's president, jair bolsonaro, has left self—isolation to greet pro—government supporters protesting against the congress.