You have this huge shock to the system. That has led congress to say that we need to do something of a skill we have not done before. Now, the democrats in congress and republicans in congress and white house are all negotiating. Ofy want to do the same set things. There is an argument about the detail and the scale. For instance, the administration came out with a proposal that would, among other things, would give checks to every family. They wanted to do it with 1200 for each adult and 500 for each child. An just a one off of infusion of cash. Democrats wanted to do something much larger. They were talking about 2000 for each donor, maybe 2500 and doing it repeatedly over the course of however long this recession lasts. There is also a big question about unemployment insurance. You will have this gigantic infusion of people needing unemployment. It is already happening. And so, that is something the democrats have been pushing for. We need to put a large amount of money into the une
A dominant leader of the baddies that is in the race for the democratic president ial nomination. But we begin with the corona virus that spread to more than 100 countries across 6 continents south korea is especially hard hit more than 200 new cases have been reported there many of them Medical Center in the capital south korea has the highest number of infections in asia outside china the crisis there seems to be easing with fewer new cases and deaths reported the government is allowing some companies to reopen in ruhani the epicenter of the outbreak in the u. S. A number of infections has increased with more than a 1000 now confirmed the National Guard has been deployed and a new york city suburb sealed off after a cluster of cases were reported Persons Health minister is a victim. To the National Health service is contacting people whove been in contact with Nadine Dorries well stephen baba is a professor and political economist at Regents University london he joins us via skype an
Nomination. In a wave of violence in cameroon we speak directly to the man claiming responsibility for the attack its. Just gone midday in london where the u. K. Parliament is mazing less than a day after it was announced a British Health minister has tested positive for corona virus 19 doris is now under quarantine last week though she did attend an event hosted by Prime Minister Boris Johnson the Health Service is now tracking those who may have come into contact with live pictures for you from westminster right now Prime Ministers questions are beginning that is of course the leader of the opposition Jeremy Corbin and later the finance ministers usually unveil the governments new budget which will include measures to counter the Economic Impact of the. Coronavirus. Gratitude to the chief medical officer and the chief scientific adviser has shown Exceptional Leadership throughout and well continue to follow their advice mr speaker sunday was International Womens day a day when we cel
Damaging as the financial crashes. Italy is taking steps to contain the worst infection rate outside of china. All businesses and pharmacies are ordered to close. Shery lets get you a check of the markets in the u. S. We had the dow fall into a bear. Arket territory, falling 20 the s p 500 a hair away from the 19 lower than the previous high. We had every group on the s p 500 sinking more than 3 . The nasdaq down 4. 7 . U. S. Futures under pressure. We have seen no more details on the substantive stimulus that President Trump had promised. In the afternoon, he said at one point that the u. S. May not need the fiscal measures. That did not sit well with the markets. U. S. Futures gaining 2 10 of 1 . We will see how we do without how we do throughout the rest of the session. News and headlines dominate market sentiment. Sophie a lot of caution. A she futures pointing lower despite the global stimulus engine being revved up. In new zealand, a fiscal response is being considered. The rbnz
74 basis points. Everything is down. I would imagine 90 of stocks are down. All 11 major indices are down in the region today in very high volumes. At this point, there is nowhere to hide, at least in the equity markets. Yvonne President Donald Trump announcing a suspension of all travel from europe to the u. S. For the next 30 days. The most farreaching measure yet in the administrations effort to combat the spread of the coronavirus. To keep new cases from entering our shores, we will be suspending all travel from europe to the u. S. For the next 30 days. The new rules will go into effect friday at midnight. David our Senior International editor, jodi schneider, is here with us. Thats a big deal. It is. There was a little bit of talk about it before hand, but not necessarily expected to stop all of the european travel for 30 days starting friday. It is something he can do without congressional approval. It is a major move. Also the way the president cast it. Clearly by having the spe