Storm is now coming to all the seas theres a. New york is in crisis helping new york. Another appeal from the governor of americas worst hit state is new york records more than 100000 coronavirus cases and nearly 3000 deaths. And far from a bed of roses thousands of workers at flower farms in kenya lose their jobs. So then the managing director of the International Monetary fund has announced that a global recession is taking place to to the code 1009. 111. 00 Global Markets and that a one trillion dollar war chest is at their disposal if needed. This is a crisis like no there never in the history of the i. M. F. We have witnessed the World Economy coming to a stand still we are now in recession it these way worse then the Global Financial crisis we can have one trillion dollars war chest and we are determined to use as much as necessary in debt protecting the economy from this current of this crisis straight to our diplomatic editor james bays whos at the United Nations james the i. M
A deal with the taliban. And the tokyo lympics heading for a postponement to canada and now says it will not to send athletes to this team is games. Now a lockdown of indias major cities has begun and one of the biggest single government moves to slow the spread of the coronavirus its capital new delhi the Business Capital known by chennai and kolkata are among them companies that also in place nationwide and International Flights have now been banned for a week japans Prime Minister shinzo abbay now says the Tokyo Olympic games may also need to be postponed thats after weeks of insisting the major sporting event would go ahead as planned in july and dozens of cuban doctors have arrived initially to help the Taliban Health workers it is one of the countries thats been hardest hit more than 5000 p. Have died there well shortly well get the latest from london with nadine bob and Lawrence Leigh who are also update us on whats happening in europe but fast lets go to Elizabeth Piron and in
That seems to have worked because the dow which had been limit down has now bounced back and at the opening bell, we may be up 400 points. The dow will be up significantly at the opening bell. Same story with the s p and also with the nasdaq. Now, treasury secretary mnuchin, he says the Federal Reserve will have 4 trillion for loans to businesses. He says theres more where that came from and if congress doesnt get something going real fast, then they will go back to congress for more and he says the fed will provide any amount that is needed. Thats what the fed is doing right now. Thats the market. Thats the fed. Thats whats going on in congress. Now look at the price of oil. That has been a problem for American Energy producers and right now, weve got oil all the way down in the low 20s. Thats a continuing problem for texas, north dakota and for the Energy Producers and these energy stocks. How about the price of gas . That is absolutely tumbling. The National Average all the way down
[please stand by] virtually no cars, no motorcycles, no anything. Things that would normally be taken care of, we dont see anymore. The ship is ready, but it has to, if we need it, needed for the virus, we would be using it for that. We would prefer not but if for any reason they need it, it is ready, willing and able. We have the we have the best logistics officials anywhere in the world and we are orchestrating a massive furlough response federal response unlike our country has ever done. More and more we are using medical people because of the states, iniction particular, new york, new jersey, long island has become a hot spot, part of new york. Sending a lot of things and now personnel where it is needed, military personnel. As of tuesday we will have deployed over 3000 military and Public Health professionals to new york, connecticut and other parts of the country. The number is going up. Off in we see a leveling the hottest spots of them all. You will see that over the next few d
Im hopeful and sure that hes going to be fine hes strong man strong person today every patriotic american heart beats in solidarity with the incredible people of new york and new jersey theyve really become a very hot zone but some very good things are happening in new york the 1st time where the deaths were less from the previous day thats a 1st drop so far so maybe thats a good sign it could be in the hospital levels of story to. Perhaps decrease its been very short but perhaps decreased so we wish Governor Cuomo and. All of the people in new york great and new jersey governors doing a great too soon a great job in new jersey they got hit very hard. I just want to say that the full power of the American Government and American Enterprise is it really is this is an all out military operation that weve waged and especially over the last number of weeks 50 states and territories have now been approved for major disaster declarations which is very unusual thanks to the army corps of engi