City of rochester an announced their retirements amid protests over the handling of the death of a black man. But we begin with breaking news out of greece several fires are currently burning in the countrys largest migrant camp located on the Eastern Island of less bus they were deliberately set after additional coronavirus restrictions were announced following months of lockdown families were seen feeling from their tents that overcrowded facility holds more than 12000 people thats 4 times its capacity well ali i spoke to Douglas Hammond hes the cofounder of refocused media labs an organization that hosts citizen journalists inside maria can he explains whats unfolding. If the current moment there are several fires that are kind of all over the camp. Yes corona has been identified in this camp in recent days and the number of confirmed cases have been rising many of the asymptomatic people have been put into a quarantine area on the far eastern side of the camp and that area earlier
Good friday morning. Were going to kick things off this hour, of course, with tiktok as the president orders downloads of the platform and we chat to be blocked beginning on sunday does this put the oracle deal into jeopardy . We have every angle good morning. What we know right now is the e commerce officials is that as of midnight on sun theyre going t stop people from using the apps. The quality will be degraded pretty quickly it is after the president ial election, carl of course we chat is used for Many Americans to communicate with family back home, also for payments, logistics, and i know you were talking about this perhaps being a bit of a climb down, but we dont really know the implications yet yes there are 19 million we chat users here in america versus 1. 2 billion in china, but we dont know how many of the 19 million users are businesses meanwhile the app will continue to operate as it is. Does it not protect some of the bigger american businesses like starbucks and disney
How did these things affect people we revisit the state even when there are no international headlines. Aljazeera really invests in that and thats a privilege. Hello there im nick clark this is counting the cost on aljazeera to look at the world of business and economics this week mozambiques troubled road to becoming the worlds 4th biggest gas exporter a debt crisis and an equal society and an islamist uprising near its most valuable gas fields. Also this week an epic battle to challenge apples grip on its store a multibillion Dollar Gaming Company taking on the tech giants and the regulators watching from the wings. The mighty dollar. That up ends its dominance or is that Wishful Thinking on the road to a current. 7 in time mozambique will become the 4th biggest exporter of gas but right now is fast becoming the most unequal societies in Subsaharan Africa the promise of gas riches could not come quickly enough for a nation mired in a debt scandal that plunged the country into a curre
Sell off until they realize they cant keep paying for things like snow flake because when they have to sell Something Else i think is why we have another bad day. Dow dropped 245, s p fell and nasdaq lost 1. 70 . It bounced from the lowest percent. Once again, were reminded the stock market is first and foremost a market. And markets are government earned by supply and demand. Right now the supply of new stock is overwhelming demand so the whole market just gets hammered until you trade for a living, you might now understand how this works the software a video game plan and they dont have spare cash lying around, what do they do . How do they get that piece easy they sell. They sell the stock and companies that dont understand it anyway. If you have a stock on the deal and you flip it, well, thats free money free big profits and you got to take free money when wall street is giving it to you. Take public at 52 if you got some at 52 in the deal it scored to 75 where you can cchaching. S
Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus story you were discussing, so lets get to that. U. K. Chief scientific advisor warning of 50,000 new cases a day by midoctober if urgent measures are not taken. Cases are increasing. Hospitalizations are falling. Deaths unfortunately will follow that, and there is the potential for this to move very fast. At the moment, we think that the roughly is doubling every seven days. If we dont do enough, the virus will take off. If we do not change course, we are going to find ourselves in a very difficu