Business going as shutdowns affect more and more unishe and the summer olympics in tokyo have been canceled over the coronavirus yet but theyre certainly talk about putting multibillion dollar investments at risk. Because coburn berlind welcome to the program the u. S. Government labeled the corona Virus Outbreak a National Emergency on friday President Trump announced a raft of measures to tackle the worsening pandemic which has led to over 1600 infections and more than 40 deaths in the United States as a trump promised 50000000000. 00 to fight the virus and said tech giants and Big Pharmaceutical Companies would be included in the effort markets reacted positively after some of the worst losses in its history in recent days the Dow Jones Industrial average closed 9. 4 percent up nearly 2000 points. For more lets bring in in new york our financial correspondent there yes that was quite a few areas rally we saw there towards the end of the trading session it looks like President Trump gave the address that markets have been waiting for well what a reaction it has been a point gain of almost 2000 points at these by points it was the best day in wall streets in history for the week were still down 10 percent and im not fully sure what really got the markets so excited for instance u. S. President donald trump did mention that no agreement no deal could be made so far with the opposition so with democrats for example on tax cuts and yes we will get more tests here in the United States but was that we will probably see quite an uptick in corona virus infected people here in the United States so it was a bit puzzling how positively wall street reacted why you had the u. S. President was speaking in the give us your take on the heavy involvement of the private sector that the president was stressing there google is supposed to set up a website about testing pharmaceutical companies are supposed to get involved. You know clearly i mean if you get the private Companies Involved you say from here on the on the government side but thats not really going to get the economy going and that is the big question mark and we did not really get concrete answers from the president. How hes going to actually get the economy started. Making it more transparent and if you should get tested or not thats a nice move but its not really going to change the ongoing crisis at this point at all. The president also said that the u. S. Is to buy large quantities of oil for Strategic Reserves what are we to make of that. Well what we clearly did see is that the oil prices started to spike quite a bit after those comments that has been one of the worst weeks for oil prices at least since the early ninetys so now we hear this demand from u. S. President proposal from u. S. President donald trump that. The u. S. Should be looking at increasing the Strategic Oil reserve but well i dont really know now and i think many people do not know how much stock in space there is left if there is really going to be a huge amount of oil thats going to be purchased so it did help the price of oil when the market closed but were still short of details also on this end and scored in new york thank you as over 19 spreads across large parts of the globe it has been leading to a drastic countermeasures sweeping travel bans the walling off countries and even entire continents keeping people inside their homes and slowing the engines of commerce to stem the epic deep endemic Central Banks and governments are trying to fight back with massive aid packages in the case of germany was the biggest since world war 2. To ministers with one clear message germanys government promises it will do everything in its power to soften the economic blow for workers and Small Businesses and alike during the Global Financial crisis in 2008 banks wont be at the front of the line for relief. He says my mom there were making an unlimited commitment of the smallest Midsize Business from taxi drivers to the Creative Economy to Large Enterprises with tens of thousands of employees. The same time. The government is offering emergency loans to the state owned a k F W Development bank its earmarked 500000000000 euros to help Companies Stay afloat businesses will also be allowed to defer tax payments earlier on friday the German Parliament passed new measures also ensuring Financial Support for workers who are likely to see their hours and wages cut during the coronavirus pandemic. A german flag carrier as one company lining up for that state aid the highest profile economic casualty of the coronavirus pandemic so far has been the Aviation Industry the funds that is approaching berlin as well as other governments bookings have taken a nosedive also asking for Government Support to scale them the dust subsidiary of air france k. Y. M. It plans to slash up to 2000 jobs and cut working hours by one 3rd meanwhile British Airways management told staff that quote aggressive downsizing and job cuts would be necessary because of the coronavirus calling it a fight for its life. The European Union has earmarked 37000000000 euros in structural funds to help Companies Impacted by the coronavirus heres what Commission President was enough on the line to say. It is a manger. All the global and all the european economy only up to 3 decisive and bold action and this on all Different Levels were setting up 37000000000 euros coral no response Investment Initiatives to Ground Support to the health care. To the labor market. Also. The president of the e. U. Commission or the love on the line speaking there and lets look at how the spread of the corona virus is having an effect elsewhere in the world tesla is temporarily pulling its employees out of germany after the coronavirus entry ban imposed by the u. S. On passengers from the European Union and wont affect the schedule for building the plant near Orlando Tesla wants to begin production there as early as july 2021. This big volatile day ahead cryptocurrency is to bitcoin suffered its worst daily loss of nearly 7 years on thursday plummeting by almost 40 percent and it fell another 20 percent on friday to its lowest level in almost a year it confirms the challenges in becoming a usable currency. The metro and are all still running but few customers are venturing into the Public Transportation network leaving trains deserted italy is one of the 3 countries with the highest death toll from the kobe bryant. Now professional basketball hockey soccer baseball and other sporting events usually drawing large crowds have been canceled in many countries around the world the summer olympics due to kick off and july in tokyo have been suspended yet but the traditional Olympic Torch Relay just got scrapped over fears of the coronavirus spreading among spectators some see that as a bad sign for the games altogether and the multibillion dollar investment which japan made to host. Everythings ready to go 8 sports stadiums have been built japan has invested billions and is right on schedule with the preparations in fact the athletes could come right now but there are calls for a delay even from u. S. President trump but japans a limp dick minister is still optimistic. And all that happened i thought on the highway or if President Trumps comments but neither the i. O. C. All the Planning Committee is considering responding or canceling the games can be messy. Even though very few virologists expect the pandemic to be under control by summer the organizers are refusing to admit defeat theres too much money at stake. This that it wouldnt be calling off the games would mean a loss of 17000000000. 00 euros plus another 120000000000. 00 because the lack of tourists would be a huge blow to japans economy. You know that if you must. But many of the countries residents are fully expecting the event to be counseled. Presumably looking at if you want to be considerate towards the operates then you shouldnt hold events me if you carry on regardless and the coronavirus gets worse hes going to take responsibility. But i think you know that if it was postponed until next year that would be so bad that i could still look forward to it but it would be a real shame if they canceled us altogether and. Theres still a glimmer of hope that there will be a vaccine by summer but without one many feel it would be reckless to let such a Massive International event go ahead. And finally chinas richest man ali baba cofounder jack ma is donating 1000000 facemasks and 500000 coronavirus test kits to the United States the billionaire says the items are ready to ship the gift could help alleviate a shortage of testing materials in the u. S. And his statement on twitter last foundation said the gesture was joining hands with america difficult times. There hasnt been any reaction from the white house yet on that offer thats a show im Chris Cuomo Roland thanks for watching have yourself a great weekend and say how for. People earning reality wait a 2nd. We want the whole picture. Facts instead of vague ideas shifts deliver us. From other reality to cryptocurrency your topics for live in an ever changing Digital World lets talk a little devise a simple. W. Ws crime fighters are back africas most successful radio drama series continues. This season the stories focus on hate speech prevention and sustainable production. All of those are Available Online and of course you can share and discuss on africas Facebook Page and other social media platforms. Crime fighters to mindanao. Closely to any kind of surprising move on. To something one day in the footsteps of the wrigleys movement concerned. To contemplate extra. Free time i want to film the life of me traveling to such from germany. Where exactly. Was fun i am learning a lot of our culture history. Details travel extremely worth a visit. Hello and welcome will be talking about the devastating effect that the coronavirus is having on so many live cultural events at the moment also coming up today and iraq eos is to serve up to the socalled islamic states in mosul and survived and now live safely in germany. And this might look like great graphic patents but these are photos of tiny insects magnified thousands of times. But we begin with whats happening in the cultural world regarding the coronavirus the short answer to that is very little as events that require audiences are being canceled as i speak governments around the world are restricting gatherings of lots of people which of course course means most popular artistic events cannot take place but there are intriguing ways of safely playing to your audience as one british pop singer did in have. It was a surreal situation and a 1st for purchasing guy james. Playing a major show too and she already tori im