Guest this week from brussels is the European Commission oklahoma. Council for will especially on thank you so this morning to you believe you get it so brought. In by your hands and welcome to all comfort zone thank you weve seen high levels of disunity on the show across the e. U. During this pandemic you would agree that its been a major blow to the e. U. s credibility as in the disunity. No i dont agree with that at all actually we are seeing desperate actions from Member States and thats quite understand of our because we are in a situation were never been before and the crisis is really really a big one but we have also seen Member States asking for the e. U. Commission to take a stronger old to do more to coordinate more also in areas where we do not really have the mandate as a commission so i dont really agree with you on that well last month the french finance minister Bruno Lemaire said to his squabbling colleagues after an overnight meeting to try and agree a rescue package
Highlight the countrys shocking right. Tonight. Well we begin with the sound off on Global Stock Markets prompted by fears about the coronavirus and made worse by a row between saudi arabia and russia. Which sent oil prices down 20 in london the fifty one hundred almost 9 its biggest one day drop in twelve years. In new york trading was briefly suspended and when it resumes the major indices fell six points weston pony has more. Dozens oforried phone calls at this parisian trading room the french Capital Stock exchange plummeted more than 8 on monday. The latest dp in a two week decline. Okay around the world stock markets have also been in freefall trading rules of the new york Stock Exchange triggered a fifteen minute trading suspension after the dow jones and s. And p. Five hundred. Open down than seven percent. The reason behind this market crash it did this combinaon for the Global Economy. On the one hand and bill price war between russia and saudi arabia which sent the price of
Mainland china in february markets need to be calm about the coronavirus outbreak. And a live bookkeepers helping customize it for our business. We need to go back into the live bookkeeper youre all set up facts and the figures and based janine great on that decide vo get set up right with a live bookkeeper with intuit quickbooks. The International Air transport says the endemic will slash Global Airline profits by 1. 5 billion thisyear. French finance minister bruno will have a bigger impact on markets than previously thought. Good morning, everybody. Lots to get through today. I want to bring you data were getting out of the eurozone. Probably a little outdated given everything going on with coronavirus but the february final pmi came in at 4. 2, the final numbers versus the flash estimate of 49. 1 slightly higher than the initial estimate for eurozone pmi numbers. Worth mentioning, none of this data would have taken into consideration any of the impact from coronavirus most of the d
Estate market in the world sees value slide a bit well go to hong kong for the latest. This is your Business Report im stephen bears in the lead thanks for joining us. Credit to embed on the american donald trump all are scheduled to attend the annual World Economic Forum Meetings in davos switzerland which are getting underway monday sustainability and Climate Change are the main topics of the meeting activists like twin bed are putting more pressure on governments and Business Leaders to do more in stopping Climate Change the forum is introducing a scorecard this year to Rate Companies on how sustainably they act. Now ahead of davos American Money Management firm blackrock has grabbed a great deal of the attention of the finance world its c. E. O. Larry fisk announcing that the company would quote exit investments presenting a high sustainability related risk in quote for a start to festing hundreds of millions of dollars from coaling to businesses that could be a big deal black rock
Authorities. On digital john deal with the u. S. And france are waging a terrible war of words as the nations leaders meet in london for richer the British American Business Association is on hand to dig into the details of how tech tax is driving the escalation plus as your team of guard has taken the reins at the e. C. B. She has already made some Firm Commitments for the central bank professor of economics on patriot and steve keen joins us from amsterdam to break down the banks move and the central what Central Banks have come under fire around the globe we have a packed show today so lets get right to it. The trombone ministration is considering reviving a plan to kick qual way out of the u. S. Banking system this proposal was previously is considered by the White House National Security Council as a Nuclear Option to sanction the company but was ultimately shelved due to the aggressive nature of the sanction this plan would put quality on the treasury departments best so it actua