Saw. The 1st story we listen to after the war saying youll go. With. The stories that. Hello im Darren Jordan this is counting the cost on aljazeera look at the world of business and economics this week its been a little more than a decade since the financial crisis will the pandemic push the banking and financial industry into another meltdown more jobs are lost than joining the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries to migrants in rich nations who is looking out for them. Well from a Health Emergency to an Economic Disaster as the world grapples with the coronavirus demick unresolved old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering learn
Hello im Darren Jordan this is counting the cost on aljazeera oh look at the world of business and economics this week its been a little more than a decade since the financial crisis will the pandemic push the banking and financial industry into another meltdown more jobs are lost than joining the Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks people on the margins of society that have no safety net from former workers in developing countries to migrants in rich nations who is looking out for them. Well from a Health Emergency to an Economic Disaster as the world grapples with a coronavirus pandemic unresolved the old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering learn repayment holidays to consumers well in europe where banks have yet to recover from the 2008
Hello im daryn jordan this is counting the cost on aljazeera your look at the world of business and economics this week its been a little more than a decade since the financial crisis and will the pandemic push the banking and financial industry into another meltdown more jobs a loss than during the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries to migrants in rich nations who is looking out for them. From a Health Emergency to an Economic Disaster as the world grapples with the coronavirus pandemic unresolved old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering loan repayment holidays to consumers well in europe where banks have yet to recover from t
Around the world countries are ramping up their response to the coronavirus imposing increasingly drastic measures to combat the pandemic the u. S. Has already banned arrivals from mainland europe from friday italy has strengthened its lockdown closing bars restaurants and shops other than pharmacies and shops selling food 1016 people have now died there with more than 15000 cases several more countries have announced full School Closures such as norway which has seen more than 600 cases and even oland which has 43. 00 infections so far and we have to stop large gatherings as the 2 major restrictions on sporting events the n. B. A. In the us and spains top Football League has suspended all games for now. And Global Markets have continued to tumble on fears of the impact londons footsie 100 suffered its biggest daily fall in more than 30 years and trading was automatically halted in new york after a large drop when the markets opened to angela begins our coverage. Chaos and confusion in
Costco inver go in to any week. 27 this week alone. Travel stocks hitting hard getting hit hard. It is pain in the sector of the market. Scarlet lets check in with our reporters to get more insight on what they were watching heading to the close. Abaco, get uss, started. The s p 500, this is the last three weeks back and correction on the coronavirus. As for the uptick, volatility i am told it had to do with corporate buybacks and that is when corporations come in here we see a little bit of that but we are still down and technical damage done suggesting more selling probably ahead for the s p 500. This the fiveyour chart in relationship to the 200 week moving average fiveyear chart in relation to the 200 week moving average. Back in 2015, once the s p 500 went below the 100 week moving average, it cuts down to the 200 week moving average heard a similar situation in 2018. Last week going below it and this afternoon touching off of it. Bearishthe inside candle suggesting volatility and