Back into the program the coronavirus pandemic is causing new concern across the world this time about the wider effects the middle rising death toll and new restrictions the concern about the economic fallout and what that may lead to leaders of the g. 7 will begin a Video Conference in the next hour to discuss how to respond to the pandemic the call comes amid another major plunge on the New York Stock Exchange it dropped more than 9 percent in just a few seconds when it opened 30 minutes ago and that forced a 15 minute halt in trading trading has restarted gabriel is under is monitoring whats going on at the New York Stock Exchange what is going on. Well its an absolute collapse quite frankly of the new york citys Stock Exchange and the markets that were seeing here in new york right now now we saw Trading Halted twice last week. Tuesday and thursday and then we saw it again monday morning right as the markets opened at 9 30 am eastern time within nearly 2nd stock markets they have plunged to beyond 7 percent and immediately this socalled Circuit Breaker was initiated that automatically stops stops halting for 15 minutes trading has resumed but things have not gotten any better the s. And p. 500 down about 10 percent the dow jones down about 10 percent or 20000 points this is going to be a very long and quite frankly by all. Signs of it so far a very ugly day on wall street what were looking for now in the coming hours is the following this Circuit Breaker that shuts down trading on the New York Stock Exchange is kicked in when the s. And p. Drops below 7 percent or higher than 7 percent i should say thats what happened right it when trading opened if it drops more than 13 percent. Trading will be halted again for another 15 minutes and if it drops more than 20 percent the market will be closed trading will be halted for the rest of the day you know whats going on here basically 2 things what youre seeing is the Federal Reserve cutting Interest Rates essentially down to 0 is not helping things that is not called the markets as was perhaps expected and i think that what youre seeing from traders is basically saying that they are seeing no signs of anything getting any better no signs here in the u. S. That the coronavirus numbers are coming down in fact theyre going up and then you see the Federal Reserve basically using one of the last things that they can cutting these Interest Rates essential down to 0 theres nothing much more. The Federal Reserve can do so yourself giving us a little bit of a sense of panic here ill conclude by saying 2 things as traders were coming into the New York Stock Exchange to come to work this morning they had to have their temperatures taken and they were all given masks just to get into the New York Stock Exchange so you get an idea of how this is affecting not only the markets but the actual traders themselves lasley is one and one analyst just recently said he said what youre basically seeing now is a shutdown of the u. S. Economy gabriel is on the thankfully updates in new york lets cross over to a White House Correspondent can believe how good it can be you just heard gave final words you know a shutdown of the American Economy while americans are going to deal with the prospect of a reality that their lifestyles a changing because of the way the economy is tanking right now. Yeah the american lifestyle as it has been known for so many decades really has changed dramatically in the last 72 hours what were seeing are Mass School Closures here in the United States some 30 states and counting have children staying home from School Government workers are staying home being told to telework and those who do not have the luxury of being able to work from home and collect a paycheck are finding that they are seeing some of their work simply drying up in the Service Industry with the restaurants being closed those who care for children in private homes there are all kinds of people in various sectors of the u. S. Economy who are simply struggling now trying to figure out how theyre going to pay their bills as this continues to ask the late now were hearing from the u. S. President that things are under tremendous control but thats not what the Top Public Health officials are saying in fact just the opposite prepare for hundreds of thousands to potentially die as the peak of course of virus in this country has not yet occurred numbers continue to spike very sharply and what the messages from the centers for Disease Control is prepare for this type of living to continue for some time potentially at least 8 weeks or more the guidance being that large public gatherings of 50 or more should not take place and of course this is good be part of the conversation the president times with of the g 7 leaders in a Video Conference call we expect well within the next hour what. Does his impact on the public psyche the markets. Absolutely and this president many would argue has been vacillating between dealing with a Public Health crisis and then trading up more like a political one there has been a lot of criticism of this president s response that at times he has spent more time criticizing his political adversaries like joe biden who took place took part in a democratic debate last evening but in the midst of all this there are also some questions as this Video Conference takes place with World Leaders as they discuss not only an economic response but also perhaps a vast vaccine response that there has been some widespread reporting that the u. S. President allegedly tried to corner the market if you will on a vaccine solution approaching a German Company by the name of cured back assembly trying to lure it with money to the United States now out of germany the reports are that this is not confirmed but its also not denied here in the United States there has been a more forceful denial particularly from the former u. S. Ambassador to germany Richard Grinnell saying that this is patently false so were watching very carefully for more revelations about this but in terms of asking the administration about it well thats going to be a challenge because the coronavirus update we were expecting in the next hour has now been pushed back or delayed by up to 5 hours complete outfit in washington d. C. Thanks very much well the president s restrictions all being imposed cross the European Union to try to curb the spread of the credit virus germany has become the latest e. U. States to roll out new border controls by setting up checkpoints with 5 of its neighbors from before the e. U. Nations have already imposed their own controls on fronts in spain and also considering the shutdown lawrence lee joins me now from london im sure thats also another issue thats going to be discussed in this g. 7 meeting lawrence germany of course take you on board the border controls. Well yes clearly europe is the epicenter of the outbreak of going to the World Health Organization and free movements of people its most of the europeans most most prized again historically may well have been part of the reason why europe is the epicenter because obviously is one thing some people flying but if all the borders are open for people to drive across then the concern is that cases can be transmitted from country to country very easily in that way and so yes germany which borders 7 countries is now shut its border or is monitoring able to 5 of them only freights and commuters can get through one of the borders this is still open with the netherlands that may have to go as well because netherlands has just increased announced a very big increase of its own in case as well but across the European Union really on the main one on the continent all these restrictions are now coming in left right and center hungarys closing itself says poland the Czech Republic spain and portugal are thinking about closing their borders to tourists the portuguese Prime Minister said there will be no tourism thats the quote from him from from spain for the foreseeable future in france which is on the partial lockdown it sounds like president mccrone when he speaks to the nation tonight isnt going to announce a full lockdown has happened in italy and increasingly in spain as well but as kimberly was just saying there its about a whole way of life thats really now for the time being. Its if he cant cut cant carry on there for a friend of mine is in Southern Spain told me this morning that somebody that she knows tried to go for a jog and was fined 500 euros on the spot by a policeman for leaving the house is its really draconian but it seems to be anything they can think of doing. For the day thats joining us from our london broadcast center. Well there are as recorded another big rise in the number of deaths 129 more confirmed on monday amongst those dead was a Senior Advisor to the assembly of experts there are almost 15000 confirmed cases and there are concerns the pandemic could overwhelm Health Facilities and the economy struggling under sanctions amos rafi joins me now from tehran zain. Leader is there a saying that the country has passed the peak of the virus what more can you tell us about that. Thats really the most interesting thing to come out of the briefing or the statements from president Hassan Rouhani is office today now what mr rouhani said is that the figures the way he looks at them shows that the country is past the peak of the virus if you listen to the experts that have been going on about this for several weeks now were about a week or 10 days too early now why would president Hassan Rouhani make this is a clear contradiction of the rise in the number of deaths another record setting day here in iran why might he say this well the government here knows that no matter how the virus goes at this stage and perhaps its already out of their control they know that no matter what happens with the spread of the virus the stability of this government depends on the economy they will live in by how much economic stability they can continue to maintain and president Hassan Rouhani is eager to try to get things back on track in his statements yesterday he said that talks are underway with neighboring countries to resume exports of goods and cargo as normal even if passengers cant go back and forth but to reopen borders under Strict Health and hygiene protocols that he said would be endorsed and overseen by the World Health Organization so certainly the words of a country that is showing that it is desperate to try to resolve the problems that it is facing and its about balancing the health with the economy the other reason he might be downplaying the current state of the coronavirus in iran is likely because he is trying to prevent a panic if we go back to the early days of the virus the same president said it will be over within days he also said that the enemy is trying to promote fear across the country so a real sense from this president of trying to maintain calm in the face of potential panic but there are signs that some sectors of the country are panicking if you look at the overall number of deaths about 120 to 150 of those about 20 percent are from consuming industrial or bootleg alcohol from alcohol poisoning weve seen over a 1000 cases of alcohol poisoning people thinking that drinking that. Will make them better so its between trying to prevent panic like that its about trying to maintain the economy a recent poll conducted in tehran showed that at least 70 percent of respondents have said that their revenue that their businesses have suffered in some way because of the coronavirus but keep in mind president Hassan Rouhani is also sending mixed signals hes saying this is the head of his task force later after he spoke earlier today the head of his Task Force Said that to her on if people here continue to not Pay Attention to the guidance by the government not to move around that the spread could continue well until june so really these mixed messages also make it difficult for people to know what is real and what isnt out of there as they were striving to force into iraq thank you now a cruise ship carrying more than 1000 people is there to dock in cuba after it was turned away from multiple ports across the caribbean there are 5 confirmed cases of creative iris on board the m. S. Nearly 40 passengers and crew showing symptoms have been isolated the british cruise ship had been stuck at sea for more than a week now it tried to dock in the bahamas over the weekend but was refused entry at augustan is in havana he says cubas trying to market itself as a safe place amid the outbreak. Look human judgment say that theyre allowing the ships to dock because nobody else would take them. At least 5 cases for out a Virus Program all those cases were almost a week ago and the alternative if you were to take them might have been that theyd have to cross the atlantic. Which would have been rich which in all likelihood a very very bad situation was the cuban government. Gave me a quote. Last night in which they said this is the time where. A sense of a sense of humanism and common efforts must come to the people if. Its going to contain the damage to the cubans the saying that this was done for treason i think thats part of the. I think the other reason that theyre doing it is that cuba is trying to keep us in an economic fix right now for the last 2 years or something ministration accommodate that which faction of the faction and theyre looking for evidence they have not stopped. And they are saying that mr surgeon saying that he really is a place where where there is no. Where people are relatively safe from for in a virus. In order to get away from it one can sound so i think this fits into the larger picture of a fever trying to market itself as a destination that corona virus free and that its a medical power. Chinas government released numbers showing the full scale of the economic damage caused by the outbreak but the number of infections that drops its trying to get the worlds 2nd largest economy back to work when he reports. Day by day there are more signs of life returning to the streets of who province where the corona Virus Outbreak began the simple act of police removing a roadblock was a welcome sight for residents and the government which wants to get the country moving again the industrial engine which led china to become the 2nd largest economy in the world is also restarting after a disastrous 2 months which saw output collapse companies are gradually recovering their general order of production the situation for factories and business and hiring is improving and on the labor demands will continue to increase as the number of new infections in china decreases just 16 recorded on sunday the government expects the economic prognosis to significantly improve this month but with the outbreak bringing other countries to a halt demand for chinese exports will take some time to recover. The number of new infections is slowing in south korea too but preventative measures are continuing particularly in vulnerable areas here volunteer work is spray a Housing Project for the poor in the capital seoul in australia many people were angry they werent given enough time to return home before tough new travel restrictions were introduced by the government anyone entering australia must now self isolate for 14 days to return to a farming property we have no food at that farming property were now trying to find people to buy for us so that literally we can eat now 12 hours were in a foreign country was all a warning weve got now i think its deplorable the government of the philippines will extend quarantine measures beyond manila to the entire island of luzon the capital is affected lock down with travel restrictions in place to try to slow the rate of infection after a spike in the number of confirmed cases the move came as 400 Filipino Crew members from a cruise ship that was stranded off the coast of california arrived back home the workers were flown back on a charter flight after some passengers on the ship became infected with corona virus when hey al jazeera. Weather reports the International Olympic committee is going to hold emergency talks on tuesday about whether tokyo 2020 can feasibly go ahead with less than 5 months to go with sport around the world being cancelled because of the corona Virus Outbreak there are serious questions hanging over the games in recent weeks tokyo 2020 organizers and the japanese government have repeatedly said the olympics are going ahead as planned. Well still ahead here on aljazeera Donald Trumps trade war with china has hurt u. S. Farmers but will it change how they vote in the 2020 election. But. Its no longer courses cold is that brief shock in tokyo you see the the clouds go through the northerly breeze and follows it but the forecast gives you a lightning in the wind or a wind up from the south and that comes across the water produced in this blue which is a massive cloud developing rain not snow for the west coast 13 in tokyo 6 in sapporo the sun is out throughout northern and Central China but in the south the seasonal rains assign to draw spots supposed to be going on this time the there is rain there pretty widespread but not particularly intense it will reach as far south as hong kong across to taiwan across the Southern Islands of japan the lighter ones what does after that well well have to wait and see but you have 2 days of sunshine in tokyo a till then the rainy season is slowly falling apart now that hasnt gone yet but the emphasis is on fewer showers still some pretty big ones around sulawesi and java not as many as they were and in sumatra to halfway up at least those were 2 showing in in thailand cambodia vietnam but thats ok were into march now well get more and more as the months go on and the same is true of course for india no monsoon sinking yet but there are scattered showers inland and after the last big downpours around delhi is getting warm in the sunshine. From fossil fuels to modern day renewable as societies develop their energy demands increase requiring Innovative Solutions to make such demands as a Global Power Development of the Investment Company nebraska power is uniquely positioned to deliver against the stigma we provide Business Growth promote social economic benefits and provide innovative safe and fire mentally sound Energy Solutions for future generation the brush fire nearing future energy. Oh. Welcome back youre watching aljazeera of the seller on the mind of our top stories u. S. Stock markets have plummeted on the 1st trading day of the week the New York Stock Exchange dropped more than 9 percent in seconds of opening all seeing a halt to trading it comes as g 7 leaders are set to hold a call within the hour to discuss the economic fallout of the corona virus. A new border restrictions are being rolled out in europe as it becomes the new epicenter of the pandemic germany has imposed controls of 5 of its neighbors france and spain also reported to be considering shutting their borders. And 129 more people have died in iran over the past 24 hours taking the death toll there to 853 iran is one of the worst affected countries with maybe 15000 cases. Despite a surging u. S. Economy midwestern states that were key to President Trumps 2016 election victory a liking behind the rest of the nation trump made increase. Jobs in those communities key to his 26000 campaign for the president s trade war with china is a been challenged is hitting the midwest halt 100 ripples. Ride the rural roads an hour south of chicago to john key from his farm and youll reach the results of a rough year incomes have been trending lower and the trade war definitely exacerbated the lower price for a lot of our commodities. Raising corn soybeans chickens and donkeys he has endured a trade war midwest floods swine flu and now a coronavirus that slashed exports to asia we had Mother Nature unleashed one of the worst year of the weather on us so you take most of the prime growing areas across the midwest we had trouble even getting a crop planet and in many areas we did in the swing states in the midwest in pennsylvania which depend largely on agriculture and farming President Trump narrowly won in 2016 on a promise to restore jobs but for his 20 twentieths reelection bid there are economic warning signs farmers are not doing as well as they would like in the new factory. Employment levels in the midwest went up through 5th actually in the 1st few years of the Trump Administration but now the rate of growth in one year factory has slowed from the midwest Population Centers to the plains with job growth has been anemic in the 1st 3 quarters or 2019 jobs grew at a rate of more than 9 percent in nevada in colorado and less than 2 percent in wisconsin ohio and michigan hardly the midwestern jobs boom the president promised. Amid the manufacturing and farming slowdown democratic activists note several key trump states switched parties in the 2800. 00 midterms michigan wisconsin and they all tossed out the republican in the governors chair and they and they put a democrat in and and in november. That you can see the writing on the wall that hes a key states. Its as agriculture in the Auto Industry has struggled through the president s recent trade war with china some niche manufacturers like atlas 2 works in illinois still prosper industries that were in defense of Aerospace Workers been very busy with our best here in a 100 years and weve seen continued strong growth but here in the prairie states the president s voters can be a stubborn lot as not a true supporter of trump. Form but. It is voters like him who are the president s best hope of maintaining his fire wall in the american midwest john hendren 0 chicago israels Opposition Leader has called for unity have to be nominated to form a new government after 3 elections in the past 12 months how the full set ripples of west jerusalem. Hes been here before for one thing in october he was given the mandate after Benjamin Netanyahu failed to form a Coalition Government after the 2nd election he failed to do so then and we eventually got to a 3rd election a couple of weeks ago now and so here we are once again the difference though this time is that he does have a majority of the newly elected parliament ariens at least recommending him for Prime Minister that doesnt know what a medically means meaning as a government in waiting he has 2 options really one is a Minority Administration supported but not incorporating the 15 palestinian israeli members of the knesset from the joint list largely palestinian israeli who supported him in their recommendations for Prime Minister but there are some within his own ranks within blue and white who are uncomfortable with that kind of arrangement so he might not get 61 votes the necessary majority to form such a government what hes talking about though is trying to form a broader unity government one equipped to deal with the Current Situation especially with the Coronavirus Crisis as its gripping this country both in terms of health and economic effects he is now reaching out or hes reaching out his elbow as he put it given the the restriction on hands and handshakes to Benjamin Netanyahu and others to join him in such an administration now netanyahu had made the same call just a few days ago saying that gantz should join a netanyahu led government to try to tackle the coronavirus together. A 6 year old child has died after a fire broke out as an overcrowded refugee camp in greece a number of tents and containers used for shelter in the morea camp were destroyed the cause of the fire was a known campus on the island of less pos currently holds more than 90000. 00 people which is over 6 times its capacity in the last few weeks hundreds of refugees arrived on the island after turkey said it would not prevent Asylum Seekers from travelling to the European Union. And japanese man accused of killing 19 disabled people in 2016 has been sentenced to death so you might to stabbed to death of the victims or to care center for people with mental disabilities he had once worked in the facility in southwest tokyo during the investigation the trial. Repeatedly said that he had no regrets. Illegal gold mining is threatening to farmlands destroying the landscape and poisoning water sources leaving some communities struggling to find clean drinking water. Reports there are warnings the country might have to be forced to import water. The river probably in southern gonna is contaminated with mercury and cyanide and vegetation is drying off and gone as heartland of cocoa the main ingredient of chocolate. The river is also vital for fishing farming and fuel to. The pollution is blamed on frozen a small scale gold mines working round the clock at this one boys as young as 15 and dozens of men what theyre doing is illegal many mines have been here for years despite a government crackdown to close them. They operate deep in the forest hidden from the police and the military task force attracted by the precious metal mine is come from different parts of ghana and neighboring countries as well as china they say is their only source of income per godless of the risks and injuries. And i was able to provide money and help my family in the volta region until the government decided to ban small scale and illegal mining now police harass us all the time some of us tried to run away and others fall into the money hits those who cant swim get injured or die. There joe had his hand cut off 2 years ago while mining he received no compensation if youre going to be able granted there are no decent jobs for the an educated and poor young people if we had training opportunities provided by the government it would be better. Makeshift pumping stations are used to divert rivers to do. It when bandits penitently come here looking to come here because on this scale these 5 miners found just a few grams and sold it for 128. 00 u. S. Dollars sent between them god has one of africas leading gold export. President s not have i joe has pledged to continue his fight against illegal mining his government regulates the industry the Community Mining scheme. That is meant a lot more. In the Community Center to get people in a community who want to get involved to be able to do so properly that will serve more up large and small scale minute but critics and environmental activists blame the lack of political will and corruption to government promises falling short of the Funding Sources be from foreigners and there have been from the top quality car and in this society that is the reason why. In the government it has also been difficult while environmental groups call for tighter regulations minus say they have no choice but to continue digging for their survival for him mohammed are just giving. You what you all deserve it means a whole robin a reminder of our top stories u. S. Stock markets have plummeted on the 1st trading day of the week the New York Stock Exchange dropped more than 9 percent within seconds of opening forcing a halt to trading that comes as g 7 leaders are set to hold a call within the hour to discuss the economic fallout of coronavirus gabriel a song that has the latest from the New York Stock Exchange. Right as the markets opened at 9 30 am eastern time within nearly 2nd stock markets they have plunged beyond 7 percent and immediately this socalled Circuit Breaker was initiated that automatically stops stops halting for 15 minutes trading has resumed but things have not gotten any better the s. And p. 500 down about 10 percent the dow jones down about 10 percent or 20000 points this is going to be a very long and quite frankly by all. Signs of it so far a very ugly day on wall street new border restrictions are being rolled out in europe as it becomes the epicenter of the pandemic germany has imposed controls with 5 of its neighbors france and spain are also reported to be considering shutting their borders and 129. 00 more people have died in iran over the past 24 hours taking the death toll to 853. 00 iran is one of the worst affected countries with nearly 15000. 00 cases a 6 year old child has died after a fire broke out of overcrowded refugee camp in greece in the last few weeks hundreds of refugees have arrived on the island of to turkey said it would not prevent Asylum Seekers from travelling to the European Union but israels Opposition Leader benny gantz has called for unity of doing nominated to form a new government hes been tasked with ending the political stalemate and to help tackle the coronavirus pandemic the the guns nor Benjamin Netanyahu have managed to form a government after 3 elections in the past 12 months im back with the news hour in a half an hour here on aljazeera to stay with us. That in america is a region of wonder joy tragedy and yes filings but it doesnt matter where you are youll have to be able to relate to the human condition on the subject because im trying to break that way and its a sad thing no country is alike and its my job to shed light on how and why all. The bills the. Budget done to harm me its been over a year since the former cricketer turned politician imran khan became pakistans Prime Minister. During his campaign mr cone promised to turn around the countrys economy but the fight to ease inflation has not been an easy one the pakistani rupee lost 35 percent of its value drink comes 1st year in office and despite some encouraging news from the International Monetary fund many are still struggling as a result of the weak economy pakistans location brings a lot of opportunity as well as challenges a lot of hope has been put on its agreement with china to set up an economic corridor but its not clear if the ambitious project will be beneficial to both sides
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