The. Us the situation in china itself begins to. Coming from moscow 24 hours a day this is your international minings you know neal hello and welcome to the program. President trump said he is invoking wartime powers to force industry to tackle the cold but 99 Senate Republicans are also pushing for an economic stimulus package worth up to a trillion dollars but the drastic measures have so far failed to come the markets scale up and reports. As everything seems to be called a native and quite a crisis we have donald trump invoking the defense production act now that is a law that was 1st invoked during the korean war gives the government the ability to have industries aska late production the hope is that with the government invoking this act there can be an escalation and rapid production of masks medical supplies and other needed materials now donald trump has got a lot on his plate because the stock market took a very dramatic plunge we saw at this point what people are calling a h
A black monday crash this time caused by investor fears over the handling of the 1000 crisis. Broadcasting live from our studios in moscow this is r. T. International im sean thomas certainly glad to have you with us all right several countries have declared an emergency on friday in response to the outbreak of covert 19 in spain joined a number of other european nations which are struggling for containment measures and now donald trump has announced the u. S. Is stepping up its risk level and response to unleash the full power of the federal government did this effort today i am officially declaring a National Emergency. 2 very big words. The action i am taking will open up access to up to 50000000000. 00 of. Very importantly very important. A large amount of money for states and territories are these in our shared fight against this disease and we heard from trump you speaking in the white house rose garden surrounded by mike pence and other officials explaining the dramatic measures
To. Grab your tuning in from a right across the world this hour welcome to moscow. For the company. President trump said he is invoking wartime powers to force industry to tackle the cove would like to break Senate Republicans are also pushing for an economic stimulus package worth up to a trillion dollars but the drastic measures have so far feel to count the markets as you can see here kill up and goes further into. As everything seems to be called a native and quite a crisis we have donald trump invoking the defense production act now that is a law that was 1st invoked during the korean war gives the government the ability to have industries aska late production the hope is that with the government invoking this act there can be an escalation and rapid production of masks medical supplies and other needed materials now donald trump has got a lot on his plate because the stock market took a very dramatic plunge we saw at this point what people are calling a historically unprecedented
Warm welcome to you youre watching r. T. International with me nicky airing our top story this hour global stocks plunged on thursday with a number of markets seeing their biggest share price crashes in decades in the u. S. The Federal Reserve moved to pump in emergency loans to ease the strain as investors panicked over the impact of the coronavirus pandemic the benchmark Dow Jones Industrial average fell 10 percent in a single day marking the biggest decline since black monday in 1987 other major american indices also closed significantly lower on our truck gave a Rare Oval Office address to the nation but failed to calm investors nerves about the economic damage kovac 19 is causing. This is not a financial crisis this is just a temporary moment of time that we will overcome together as a nation and as a world in todays boom bust of r. T. We gather expert analysis to try and map out where the stock market rollercoaster is heading as well as covert 19 another factor at play is oil whi
Since the 1987 black monday crash this time caused by investor fears over handling of a covert 1000 crisis. Are broadcasting live direct from our studios moscow this is R T International im sean thomas certainly glad to have you with us right several countries have declared an emergency on friday in response to the outbreak of covert 19 spain joined a number of other european nations which are struggling for containment measures and now donald trump has announced the u. S. Is stepping up its risk level and response. To unleash the full power of the federal government that the separate today i am officially declaring a National Emergency. 2 very big words. The action i am taking will open up access to up to 50000000000. 00 of. Very importantly. A large amount of money for states and territories are these in our shared flood against this disease and we heard from trump you speaking in the white house rose garden surrounded by mike pence and other officials explaining the dramatic measure