Essentially to avoid non essential travel and not to gather in groups of more than 10 until the end of april thats an update from the latest comment from President Trump where he seemed. Optimistic that things would be back to normal by april 12th so while the United States and its government is making official recommendations to its citizens in other parts of the World Governments are being more forceful in places like spain for example and italy where citizens are being told to remain in hibernation thats the word its being used by far the largest lockdown anywhere in the world is taking place in india india 1300000000 people being told to stay in their homes look at this video its gone viral it reflects just how seriously indian authorities are enforcing the curfew with Police Officers seen giving residents a not so gentle nudge with but tongs and sticks and other disciplinary actions as you see there by the way theres Something Else theres another crisis developing in india regardi
Essentially to avoid nonessential travel and not to gather in groups of more than 10 until the end of april thats an update from the latest comment from President Trump where he seemed. Optimistic that things would be back to normal by april 12th so while the United States and its government is making official recommendations to its citizens in other parts of the World Governments are being more forceful in places like spain for example and italy where citizens are being told to remain in hibernation thats the word its being used by far the largest lockdown anywhere in the world is taking place in india india 1300000000 people being told to stay in their homes look at this video its gone viral it reflects just how seriously indian authorities are enforcing the curfew with Police Officers seen giving residents a not so gentle nudge with but tongs and sticks and other disciplinary actions as you see there by the way theres Something Else theres another crisis developing in india regardin
Intervention such as Circuit Breakers and bailouts now on the other far end of the spectrum of market intervention many are calling for the markets to shut down temporarily to prevent further selling and quote own the shorts the Philippine Stock Exchange has become the 1st to implement this and announce that its suspending trading until further notice after the market wiped out just over a 3rd of market value since the november highs. Is back below 30. 00 after opec canceled their technical meeting this week that was meant to mediate between saudi arabia and russia sources said that it will be hard for both sides to reach a compromise now and then i guess market warns that extreme oil surplus is possible Monetary Policy is now being discounted as cheap or money does little to restore confidence in the average consumer in the face of a deadly pandemic 0 percent Interest Rates wont make up for much of the massive loss of activity and income for companies and consumers. And were now joine
Weekend cutting its key Interest Rate by a full percentage point to near 0 and boosting its Bond Holdings by 700000000000. 00 markets are still getting slammed triggering a 15 minute hold again right off the open. Target range for our own Interest Rate by one percentage point bringing it closer or further we expect to maintain the rate at this one and who were confident that the economy has weathered recent events and is going to try to achieve our maximum employment and productivity go. Equities saying deeper into bear territory as the dow is now about 30 percent off its all time highs investors are digesting nonstop news full of companies shutting down operations countries sealing borders and infections spreading in normal circumstances a large policy response such as this weekend would put a floor under risk assets and support recovery however the fear is exponential and markets are questioning what else Monetary Policy can do in mitigating coronavirus induced risks investors are li
Election meddling moscow says stop the blame game. And i want to say here in moscow my name calling for a welcome to world news from r. T. International 1st the World Health Organization is warning of a potential pandemic as cases of the deadly coronavirus spike across europe and asia italy iran and south korea have now emerged as infection hotspots. This is a time for all countries communities i release and individuals to focus on preparing. We do not believe in a binary black and white world its not either that all we must focus on containment why do we have everything we can to prepare for a potential pandemic. Italy has quarantined a dozen towns in the north of the country after more than 200 cases and 7 confirmed deaths neighboring nations have called emergency meetings to discuss preventing the spread of the virus with concerns that freedom of Movement Across the e. U. Should be suspended heres our europe correspondent peter oliver. Tens of thousands of people a lot down in quara