Buying on my side and 3 times with the sewing machine sewing i suppose was more apt procreates for girls than writing advice as knowledge i was a reach out to those women back home playgrounds buy them do things and social rules and inform them of oded basic rights my name is them out of the home and i work its easy to. Lose. Touch. Its the story that world to go away from Consumer Behavior to market movements the coronavirus continues to dominate the world of business the u. S. Government pledges to spend more than 8000000000. 00 to break meanwhile traders try to make sense of the feds decision to cut Interest Rates. Try getting your hands on face months or hung sanitizer in germany shelves are empty shops report comic buying. Some of the worlds most fairytale destinations are waking up to the reality of declining tourism from china. This is business im Kate Ferguson welcome officials in the u. S. Have agreed to spend more than 8000000000. 00 to fight the coronavirus a big portion of the funds will be spent on Vaccine Development the united smoke comes as investors continue to digest the feds decision to cut Interest Rates in response to the outbreak markets in asia and europe were mainly on the wednesday following the u. S. Fed chairman Jerome Powells announcement of a cut to Interest Rates investors sense other Central Banks will be taking a closer look at their own stimulus measures to. However the feds decision to cut between Monetary Policy meetings for the 1st time since the financial crash left traders in no doubt that the americans see coronavirus as a serious threat to be dealt with. The International Monetary fund added to that with troubling words about the global economy. The impact then we have more use we are considering unfortunately we have moved into this more. The i. M. F. Previously said 2020 would be a better year for global finances than 2019 it now says that prediction can be all but wiped from the record. And one industry thats really thing the pinch at the moment is aviation earlier love songs and i am still would be granting a 150. 00 aircraft due to the outbreak this after it already suspended flights to china on toronto april the love tons of Group Includes whist and Austrian AirlinesEuropean Airline executives warned that the worst economic damage is still to come. Now lets talk more about all of this with his financial correspondent yes on wall street hi good to see you know these are incredibly Turbulent Times for aviation some analysts are even comparing this situation to the losses incurred during the financial crisis in 2009 is this a fair comparison at all. Well its difficult to compare todays situation with what happened a good 10 years ago back then the crisis was not necessarily a target really targeted specifically at the industry now travel is all the focus when it comes to the coronavirus the situation is clearly very severe just here on wednesday United Continental airlines actually announced that they will be cutting 10 percent of domestic and 20 percent of International Flights we have daily new companies coming out saying that they do not allow their employees to travel and when you look at their leisure side also a lot of people are just im confused theyre scared and theyre not doing their trips at the moment as well interestingly enough after some severe drops in the stock prices off airlines we saw because of a recovery when it comes to the share price of the big u. S. Allies. Right and this is the backdrop to which u. S. Vice president mike pence has been talking to Airline Executives what are you talking about haiti you think that the u. S. Government is going to give the industry any specific help beyond that 8000000000 that its investing to fight that i prayed. While at least not yet and what did not come on the table when the Airlines Executives discussed with mike pence was the word bailout remember back then after the terror attacks of 2001 george w. Bush big then offered a good 15000000000 dollars bailout to the industry in the years following actually we did see a lot of the big u. S. Airlines filing for bankruptcy protection we saw some big mergers in the industry so were not there yet but the big unknown clearly is for how much longer this situation is going to continue but at the moment but especially at the talks in the white house that was more what airlines can do for the country and not so much what can the country do for the airlines so one topic for example that was discussed to help trace the travel of their passengers ok so a reciprocal relationship that yes its clear to us always thanks so much for your insights. And meanwhile falling demand for oil has prompted setit arabia and other members of the opec cartel to seek russias support for making further at put cuts oil prices has dropped significantly since the beginning of this year take a look the virus has been paralyzing Economic Activity and dragging on growth especially in china for weeks the shops of being closed but Assembly Lines of stops transport is also badly affected in many places thousands of flights have been canceled with no let up in sight Global Oil Consumption highlights the problem as production lines and supply chains growing to a halt demand for crude has fallen sharply. Thats had an immediate effect on oil prices theyve fallen by 21 percent since the start of the currently floundering a 2 and a half year lows. Thats come as a shock to Oil Producing countries opec member countries are now thinking about throttling output again to try and boost the price and keep the governments revenues flowing. And Global Exports have taken a big hit as well with a shortage of industrial parts from china disrupting supply chains around the world as pollak buying takes hold all over the world many countries including germany are limiting exports of crucial items like face masks and other protective gear face masks and disinfectants is sold out in this berlin pharmacy as they are in pharmacies across the country when news emerged of germanys 1st coronavirus patients many people began stocking up no replacement supplies are hard to come by in bits of. Masks and disinfectant so completely sold out we cant get hold of anything from our suppliers but most small samples where i can get hold of 3 or 4 bottles but then theres sold out inside 5 minutes food. Protective clothing is running out production lines in china stood still just as the whole world wants to stock up on musts and disinfectants the shortages of prompted the German Government to ban exports of protective gear and theyve also raised industrial alcohol for emergency disinfectants on top of that major events are being canceled or postponed in germany the latest the huge turnover industrial fed has been pushed back to july now chinas decision to buy old group travel was hailed as a sensible step to contain the coronavirus but for fairy tale destinations like germanys noice stein coffee all the decline in chinese visitors is turning into a bit of fun like there. A night mist around the fairy tale castle of noise and the various prime Tourist Attractions seems peacefully aloof visitor numbers have been tumbling steadily since the corona virus outbreak. Neighboring towns normally host 70000. 00 tourists a year from china overall thats only about 5 percent of the people who visit this area but for those Hotels Restaurants and shops which have specialized in welcoming chinese tour groups the virus has quickly become a real problem. Its effects are selective it hits all the businesses hotels and guest houses which work closely with the Chinese Market with Chinese Group for instance theyre feeling the loss of revenue very very strongly and it can be compensated for it all in the short term. Like this restaurant which targets chinese travel grapes its now closed until further notice. And this eatery and hotel has also shut down for the time being. Companies tailor made for asian tourists are located here and around the castle they include a range of businesses with pottery watches and jewelry made in germany made in switzerland fast tracked shopping tax free and with a direct connection to asian payment systems. Tourists like these 2 seem to have very little extra time on their hands. Because several countries in cite turned its clear that sightseeing and shopping are on their agenda when you can combine them both in one location and thats a major time and a huge advantage. Its still too early to estimate losses this 4 star hotel has a Broad Customer base serving tourists from all over the world less than 15 percent come from china but the increasing number of cases which are appearing in other countries and the mounting number of travel restrictions could become a problem. To have a few cancellations of the virus doesnt hit it too hard up to this point and were hoping it doesnt get too new for any length of time and at some point things will stabilize and get back to normal. The high season is only around the corner and everyone here is hoping that the situation will ease by then even if that doesnt look likely right now. And even if supersize arent escaping this viral news story the producers of the latest in the James Bond Film series say theyre pushing back the release date no time to die it was supposed to hit cinemas and april but is now being put on hold until november and universal the company is behind the film blamed for the situation in the quote global theatrical marketplace for the delay that as people stay away from large public gatherings to write. A case beyond. Thats it for me and the Business Team here in berlin you can get more on our website thats dot com business where on social media to drop us a line there for me its goodbye and take a. Desperate people. Families overcome by fear in the streets. Dramatic pictures from the greek turkish border. Once again refugees are caught between competing political attrition. Seems to recall the migrant crisis of the 2015. People have lost all hope some. In 60 minutes on t. W. With him how to be gun who goes on as well lions how you know if i had known that the boat would be about small i never would have gone on the trip but i would not have put myself and my heritage some of danger to the bottom of the game of the foot a beautifully it would. Come to the hut that one of the wouldnt because im i have Serious Problems on a personal level and i was unable to live their lives im going to. Want to know their story and for my great stir fried and promotable information for margarets. Oh that 77 percent classic i am given thinks a fox. Thats me and. This 77 percent. From my part to flash from. The top this is what. Welcome to the 77 percent. This weekend on g. W. News africa coming up on the program. Virus very few cases have been confirmed in african countries so what is the risk. On the continent and what all countries be equipped to deal with an epidemic we speak to experts also coming up. Education is an expensive privilege for me. One young woman in nigeria is helping to provide basic education to kids living in the slums