A packed show today so lets dive in. And the eurozone economy is doing worse than initially expected facing a recession as bad as the European Central banks worst Case Scenario according to e. C. B. President Christine Legarde now economic output in the block is set to contract between 8 and 12 percent this year old guard pointed out a previous estimates of the milder downturn are now out of date the e. C. B. Will release official projections for Economic Growth and inflation in the block and next week meanwhile the European Union on wednesday proposed a 750000000000 euro recovery package to help Member States deal with the recession brought forward by the ongoing coronavirus pandemic president of the European Commission spoke about the situation. The aim must be to invest together and our common good we will be bold by raising president amounts of funding at european level we will be focused channeling. The funding to the new priorities that will shape the future. And to achieve this
I had had to shake his hand and for us it was very poignant last year my dads way when we often called morning to see he was a break to pass and my sister and her family and myself were able to feast with them. Im literally 0 goodbyes to them and as my sister and her family myself were talking we could see without breaching his hands at the same of us beds for our hero he raised in 4 people with her blue gloves on and it was a really great moment because touch was such a reassuring the increment and we werent there the whole my dads hand you know we were denied opportunity to be with him just in his final hours and when we think of the most vulnerable in our society you know our Elderly Population some places theres theres been cases where with people with disabilities and they dont have this embrace that will again and again with them and they are into these homes you cared for to be protected. And this is not happened it was found almost all of the residents and 29. 00 stars in the h
Seem first, welcome to the program, thank you for joining us. It does seem to be a bit of a monday. What does that 02 . Why does the investor looking to buy risk assets question mark james assets . James the fall to 2 is encouraging people to take extra risks, on the basis that they cannot find adequate return and fixed increase interest. So they are having return free risk rather than risk free return. Matt why does it make sense to buy u. S. Assets right now . If i look at the wei on my bloomberg to see the moves in equities, the big drops that we have seen in europe to date are astounding. 25 is the year to date drop. 8. 5 . P 500 is down it looks like investors will continue to bid up u. S. Assets, why . James if we look at prior periods where we have low real yield, we see higher valuations of good quality companies. In previous growth bubbles we have seen priceearnings move between 45 and 65 and adjusted 31 times. People would say isnt that really very low . Rates,s very low cash
Scale of yemens corona Virus Outbreak which one aid agency describes as an unfolding catastrophe. The u. K. Prime ministers top adviser prepares to speak out after boss johnson defied intense pressure to fire him for breaking quarantine. Im joining us rosco with sports including worrying times for slats enable him a bit she suffered in the killings injury in training with ac milan which could rule him out of the season and potentially end his career. India has resumed domestic flights with the government eager to get asias 3rd largest economy moving again on the same day that it would announce its biggest jump yes a new corona virus infections almost 7000 are india correspondent Elizabeth Brandon reports from new delhi. It is the new normal that indian airports start sanitize passengers bags before they enter the turn. The disinfectants praised just one of a number of new measures as domestic flights resumed passengers temperatures a checked before and after flying masks a compulsory t
A lot of people very angry. Top u. K. Government adviser Dominic Cummings denies breaking lockdown rules and the curious is the media of whipping up the political storm around him. Indias domestic flights take off again but infections are still on the rise with the biggest day be increase yes. And israels Prime Minister says he wont miss an opportunity to annex more of the occupied west bank calling it one of his governments top tasks. We are going straight now to a press conference which is being held in London Boris Johnson there the british Prime Minister about to speak its the daily Coronavirus Briefing we also expect now to talk about Dominic Cummings lets listen in 2634 tests for Creative Arts have not been carried out in the u. K. Including simply 3726 tests carried out yesterday. 261184 people have tested positive and thats an increase of 1625 cases since yesterday 8834 people are in hospital with coded 19 in the u. K. Thats down to 0 percent from 10092 this time last week and