Welcome to the program the coronavirus keeps pummeling europe. Italy and spain have tightened restrictions as new infections are surging across europe italian Prime Minister tzipi conte on sunday ordering all bars and restaurants to close by 6 pm for at least a month the government in spain has meanwhile imposed a curfew on bars and restaurants from 11 pm to 6 and lasting until may last weeks they became the 1st western european nation to surpass 1000000 confirmed cases. Lets get more now from our financial correspondent conrad boos in frankfurt conrad bad news coming out of italy bad news coming out of spain we have the german chancellor just yesterday giving her very grim outlook speaking of a very difficult winter ahead what a market is making of all of this. Well chris more and more economists on the markets are giving out all pissant mystic outlooks for example the chief economist of the o. E. C. D. The organization for Economic Cooperation and development says that this years slu
Development warned that young people could become a lost generation. Youzhny fionn should be preparing to start an apprenticeship in the fall that would put her on track for her dream job of managing a hotel instead the 22 year old student is facing a mountain of worries. Hotels here in france have frozen hiring and tourists have stopped coming and the travel restrictions and fears over a 2nd wave of infections. Were going to treat because theres a lot of worry because for my masters im looking for an apprenticeship and who thomas hire me for a 2 Year Contract for a job thats suitable for me and when i saw the crown of iris numbers and especially the borders closing the absence of tourist i wondered what will i do what will the hotels do well they need me next year not this worries me all the time. Even in good times unemployment is typically higher for young people compared to the rest of the population with less experience theyre more likely to be laid off. But the worst economic slo
Im chris cuomo. As the worlds biggest economies come together this week to sign a phase one trade deal details are emerging of the pax to end a conflict that has roiled World Markets chinas chief trade negotiator vice premier league has arrived in washington for the signing reports say china has agreed to buy billions of dollars and u. S. Energy products farm goods and services. Sought chinas exports edge half a percent higher in 29. 00. Im joined by my colleague Clifford Coonan here in the studio what more can you tell us about these reports that china is to buy much more u. S. Stuff but its been a busy few hours in the in in the newsroom here were getting some details through the chinese pledge by nearly 80000000000. 00 in manufactured goods from the u. S. Over the next 2 years to be 50000000000. 00 more in Energy Supplies and probably about 35000000000 more in services which is actually one area where there is a trade surplus at the moment so were getting the details are coming thro
Explode planets beyond our solar system searching for a possible life in outer space. Plane. Im told me a lot before thanks for joining us. U. S. Plane make up boeing is suspending production of its 737 max series from next month to fatal crashes in 5 months had forced the grounding of the previously successful at craft last sales of casa boeing more than 8000000000. 00 in the company continued making the aircraft even though regulators ordered it to stop flying more than 400. 00 planes are currently being kept in storage maybe 350. 00 people were killed in crashes in indonesia and if youll pia which led to the jets being grounded in march. For more on this im joined by d. W. Business reporter Clifford Cohen and. Why is boeing doing this right now well basically the federal aviation authorities have said in the u. S. That theyre not going to allow the 737 max to take off again. Boeing had been hoping that they would get permission sooner than rather than later so they had a Board Meeti
Of 7 judges 4 whose terms have expired have not been replaced because the United States has blocked the naming of their replacements 2 of the remaining 3 are due to leave on wednesday with only one member remaining the court would no longer be able to function and the director general said that he will be now holding intensive consultations of a political nature ill get to his statement in a minute but what he said was that he thinks we need to dig deeper and we need to have a broader look at what we might be able to do in order to get a permanent solution to this problem involving the appellate body many of washingtons objections center on rulings related to trade with china. Without a court the 164 member w t o would no longer have a binding dispute Settlement System in a global trade environment that is a ready highly volatile that prospect has many feeling highly alarmed. Lets check in with our china expert cliff coonan who is in hong kong at the moment. Are they really that diffic