With us markets worldwide plunged monday on fears over the spreading coronavirus in the u. S. The Dow Jones Industrial average fell 3 and a half percent erasing its gains over the year the tech heavy nasdaq index was also hit hard investors meanwhile flooded into socalled safe haven assets like bonds and gold a new cluster of the virus in south korea home to Major Tech Companies and suppliers is adding to the Bleak Outlook in china where manufacturing output has been crims for weeks. And lets go to our financial correspondent in new york yes quarter for more on this. Other markets have long been registering the effect of coronavirus going up recovering going back down why is the u. S. Markets why are they just now seeming to notice this or at least taking such a massive hit. There you corrected to a while before. Wall street realized what could happen just last week wednesday we set new records with the nasdaq composite and the s. And p. 500 economists were kind of hopeful that the vir
Action in the hopes of saving those jumps each year a prime. Mistake councils executive meeting has decided on the temporary extension of loan repayments and on raising preferential loans. Arrangements have also been made to increase support for home based companies. Should you. Do hobble for the small and medium sized firms as well as own businesses in who they wont have to pay employers contributions for social benefits from now through june taxes electricity and gas rates have been lowered the state is also likely to help pay many workers salaries those infected with the coronavirus or under official quarantine have so far continue to receive their pay thats an item that Small Businesses in particular cannot afford for a long. We asked our taipei correspondents also harden if business really is returning to normal. Well the governments figure would tell you that overs 70 percent of the production has been restarted by those Big Companies Small Businesses reported that only 30 percen
Arrangements have also been made to increase support for home based companies. Should you. To hobble full with a small and medium sized firms as well as all businesses in who wont have to pay employers contributions for social benefits from now through june taxes electricity and gas rates have been lowered the state is also likely to help pay many workers salaries those infected with the coronavirus or under official quarantine have so far continued to receive their pay thats an item that Small Businesses in particular cannot afford for a long. We asked our taipei correspondents on honey if business really is returning to normal. Well the government figure would tell you that overs 70 percent of the production has been restarted by those Big Companies Small Business reported that only 30 percent of them at work and they are the majority of the employment in china some of them told me that the process of returning to normal operation has been very difficult because they cannot meet the
A prime. The state councils executive meeting has decided on a temporary extension of loan repayments on raising preferential loans. Good arrangements have also been made to increase support for home based companies. Should you. And i do hobble for with small and medium sized firms as well as own businesses in who wont have to pay employers contributions for social benefits from now through june taxes electricity and gas rates have been lowered the state is also likely to help pay many workers salaries those infected with the coronavirus or under official quarantine have so far continued to receive their pay thats an item that Small Businesses in particular cannot afford for a long. We type a correspondence if business really is returning to knoll. Well the governments figure would tell you that overs 70 percent of the production has been restarted by those Big Companies Small Business reported that only 30 percent of them at work and they are the majority of the employment in china so
My familys starts in mexico in a small town. My parents are from a very, very small town. So small, that my dads brother is married to one of my moms sisters. Its that small. A lot of folks from that town are here in the city. Like most immigrant families, my parents wanted a better life for us. My dad came out here first. I think i was almost twoyearsold when he sent for us. My mom and myself came out here. We moved to San Francisco early on. In the Mission District and moved out to daily city and bounced back to San Francisco. We lived across the street from the ups building. For me, when my earliest memories were the big brown trucks driving up and down the street keeping us awake at night. When i was sevenyearsold and im in charge of making sure we get on the bus on time to get to school. I have to make sure that we do our homework. Its a lot of responsibility for a kid. The weekends were always for family. We used to get together and whether we used to go watch a movie at the new