The crackdown on the opposition takes a new turn as two top judges and a former president arrested. Hello im terry marchin good to have you with us. Well have more on those stories coming up in just a moment but first a hand straight over to my colleague first of all whats happening on the markets not how serious is this well many already talking about a black monday and that might be a bit premature because its a term reserved in financial circles only for the most severe of shocks but after a rally that has been going on for many months monday was a busy day of reckoning on u. S. Markets lets have a closer look the Dow Jones Industrial average tumbled one thousand one hundred seventy five percent this four point six percent down to close at twenty four thousand three hundred forty five on monday to put this into perspective its the biggest loss for six years and it marks the largest intra day decline of all time one thousand five hundred and ninety seven points the Technology Index nasdaq is also sharply down by three point seven percent and a combination of factors is at play here wages in the u. S. Have risen stronger than expected stoking fears of rising inflation that will drive Interest Rates up and it was cheap money that has been driving the rally of recent years also makes safe assets like bonds more attractive so investors move out of stocks also automated trading orders are triggered when certain indicators falter preprogrammed level and these sell offs trigger other sell orders its a computer driven domino effect and it works within seconds around the globes globe asian markets followed wall streets leap japans nikkei index was down seven percent during the trading session and closed four point seven percent down stocks across all sectors were skidding in the wake of the new york crash coming because like to your financial stocks and Technology Companies were hit hard all other asian markets also took a beating in hong kong the hang seng index ended the day around five percent lower. So what goes up must eventually go down but analysts say that this sell off actually is healthy at this stage its better the market is letting off some steam right now they say instead of later when a rout could be much more damaging. Good news for the economy turned out to be very bad news for stocks at the start of the trading week the latest data on u. S. Wages show average Hourly Earnings up two point nine percent year on year the highest rate of growth recorded since the middle of twenty nine thats following years of stagnation but faster wage growth means employers have to spend more to recruit the workers they want higher pay could equal less profit for shareholders and traders fear possible Interest Rate hikes. But the market is reacting not so negatively because the economy is doing poorly but quite the contrary because the economy is doing so nicely and we might see some inflation pressure meaning the Federal Reserve and other Central Banks around the globe might also become more aggressive and that uncertainty could become a sea change so could we do not know yet a sea change in Central Banks meaning sharply higher key lending rate i mean growing understanding that loose Monetary Policy is supposed to be temporary but thats further along the road for now investors are looking more anxious to get the short term u. S. Stock futures have slid further since wall street closed there now down three percent. For asian markets as weve followed the u. S. But whats happening in europe lets cross over to the Frankfurt Stock Exchange down there what can we expect in european markets today and what does it look like right now. Here hi there go ahead well the worst scenario that some of the investors were predicting already this morning so far it did not happen yes we are down here at the frankfurt stock market as well with a level of two percent down to Twelve Thousand four hundred and thirty points but the early four because look much worse some of the investors were saying that we that we would have even started another mark off Twelve Thousand points and lets have a local also across europe and the s. And i index in zurich also down with one point so. In percent the cac forty in pairs one point seventy five and the fourth c. In london with one point six percent down in general it seems that it was a first initial shock for investors but then they realize the situation is not a very bad of course markets are down we dont have to fear a possible recession so thats why the markets then slide the year recovered it even looks worse this morning on the bitcoin front remember in december the britain was still at a level of about twenty thousand point this morning it was even under the mark of six thousand dollars so markets in europe. Decided to calm and then the rest of the world is this market adjustment may be healthy right now. While one investor was telling me little bit earlier that he was actually waiting for this sort of correction he was telling me that during the last weeks and months the market was just a tool strong and it was not even reflecting the real value of those companies so he has been telling me that this correction might be even healthy for the market. Frank thank you very much. And thats all your business for now germanys main Political Parties edging closer to a Coalition Deal story thats right get heard it seems the way americans conservatives and center left social democrats were meant to strike a deal by sunday but theyre still far apart on a couple of key issues leaders on both sides are pushing hard for an agreement and an end to months of political uncertainty. The end of the road might just be inside the headquarters of the santa leftist p. D. Is with germanys political heavyweights the toughing it out in this last phase of Coalition Talks negotiators have been fine tuning the deal they hope will im sure in the German Government for months after the countrys elections. Visit and we agreed that choose day will be the decisive day were in the final round and want to finish the negotiations tuesday will be decisive on whether the negotiations will be concluded successfully or not for up she see. Health care reform has been a Sticking Point the social democrats want to end germanys two ts Health Insurance system a second obstacle is fixed Term Employment contracts which the s. P. D. Wants to replace with permanent positions that provide greater job security the green party now in the opposition is vehemently opposed to the Coalition Agreement as it now stands start so instead of a display of courage to address tasks of the future were seeing a grand coalition thats concerning itself with minor issues even while the really critical challenge were facing in europe arent getting the attention they deserve. Talks are said to continue one choose day even if an agreement is finally reached the social democrats rank and file still need to sign off on the deal. The political crisis in the mold deaves has deepened after two Supreme Court judges and a former president were arrested its latest move in a cracked by present me refusing to obey a Supreme Court order to release imprisoned opposition leaders on monday you mean declared a state of emergency. This is what usually comes to mind when you think of the multi beautiful beaches isolated islands and calm blue ocean but politics is rarely paradise especially for the People Living here. In the motifs capital mali these protesters are angry and risking arrest theyre furious at the president for ignoring a court ruling last week to free nine jailed opposition leaders their trials the court said had been politically motivated with the unrest growing the governments move to give itself extra police powers. And the president has declared a state of emergency for the next fifteen days in mali and wherever suspects of illegal activities all situated. President jiang means ruled the maldives largely unopposed since twenty thirteen of corruption he fears the courts decision to move dissenting voices in the country and lead to his impeachment and so you know means trying to protect his grip on power on monday he had his own harsh brother arrested. President for thirty years before the mold became a democracy in two thousand and eight now he sides with the opposition before he was taken away he recorded this message. Ive done nothing wrong or unlawful i urge the people of the molds eaves to be strong and stand with us. We will win. Waiting in the wings is another former president Mohammed Nasheed currently living in exile is one of the leaders of the court order to be for each if the ruling does get implemented he could challenge i mean for the leadership later this year. For the upcoming a live in south korea the Animal Rights group has staged a p. R. Stunt on tuesday to call olympians and visitors to the winter games to stop wearing. Her wearing just a white bikini and bunny ears and brandishing a sign saying champions dont wear fur female activists braved subzero temperatures for some fifteen minutes to convey her message to reporters that this is china is the biggest for producer and claims that animals are being forced to live in miserable conditions before being slaughtered for there for three months. Well the Winter Olympics begin in south korea on friday and preparations are well underway in john chang the athletes village is finished and competitors are arriving with a joint korean womens hockey team and the russian contingent hitting headlines but theres one problem with the winter games by definition its extremely cold. Yung chang is just around the corner the olympic flame currently on the final stretch of its tour of the country is only an hours drive away and despite a limp excitement heating up its really cold in so province one of the coldest places in the country and its particularly cold at the moment with temperatures dropping as low as minus twenty degrees celsius not a problem for the athletes who are used to cold weather but it could prove troublesome for the spectators during the Opening Ceremony. Get. Hands on your feet in case they get. Healthy side thank you question if you can say im going to keep you warm that. This blanket. Wasnt the one this isnt the only proof that pyongyang is ready and raring to go the Olympic Village is finished as all the highly praised venues but dont expect the atmosphere to mirrors that of previous olympics as the events are spread far and wide across the region. The games and i. O. C. President thomas buff in particular have political hurdles to overcome as well one such hurdle has been cleared with north and south korea taking part at the Opening Ceremony under a united flag but the socalled unification flag has upset neighbors japan the blue dot to the south of the Korean Peninsula depicts a small group of violins that japan and south korea claim and of course there will be pressure from moscow they want their athletes who had that reduced by the court of arbitration for sport last week to take part in the Upcoming Games shows. At the moment the athletes along with their legal representatives are examining the decision and they will decide what their next steps will be which. Welcomes the athletes as they arrive in pyongyang how many of them will actually be allowed to compete in. South korea will again be decided by the courts. And just remind of our top story asian shares have tumbled following a chaotic day on the u. S. Markets sall the Dow Jones Industrial averages biggest loss in a single day since two thousand and eleven in japan the nikkei index was down almost seven point one percent during trading. Were back with more news at the top of the next hour sumi will be with you then and of course you can get all the latest news and information on our website at www dot com just forego the tivoli gardens in copenhagen is inspired many other amusement parks around the world its sold raising its one hundred seventy fifth anniversary we leave you with these images of a fun for all the king and fun for all the king and funky lights thanks for watching. Germany is a strong country. We have achieved so much we can do this and do something we must overcome it. Going where its uncomfortable global news that matters w made for mines