Work to make it right the. Billionaire Mike Bloomberg ends his race for the white joins joe biden after the former Vice President s convincing super tuesday victories. On the group of artists branching out into the world of nature to leave an important message. Welcome to the program a state of emergency has been declared in california after the u. S. State recalled that its 1st death from the corona virus and the number of infections there have increased there are now 50 cases in california the death of an elderly person on wednesday was the 1st outside of Washington State where 10 people have now died. Weve had a number of incidences throughout the state of california no longer north now in Southern California we have cordingley with this new. I. C. U. Patient passed away entered into this next phase that is required me under the circumstances to advance a proclamation. Of a state of emergency in the state of california and she had her townsend joins us live now from washington d. C.
A. Full hour in traffic plummeted an entire continent into chaos and violence. This is the journey back into the history of slavery. I think we will truly be making progress when we all accept the used to have slavery as all of our history. Our documentary series slavery routes starts march 9th on g. W. Its the story that will go away from Consumer Behavior to market movements the coronavirus continues to dominate the world does not Ask Companies see profits wiped away no make this in the United States approves a plan to fight the ad break lets take a closer look at whats on the state. Also coming up try getting your hands on face box or how sometimes are in germany shelves are empty out shoppers for. Not anti some of the worlds most fairytale destinations are waking up to the reality of declining tourism from china. This instead of the business line Kate Ferguson welcome the u. S. House of representatives has approved a plan to spend more than 8000000000. 00 on fighting the coronaviru
Stephen beard good to have you with us asian stocks have been on the rise as governments and Central Banks take aggressive measures to fight the coronaVirus Outbreak and limits its Economic Impact on kongs hang seng index rose nearly 2 percent while in tokyo the nikkei index ended more than 8 percent higher shares also rose in Southeast Asia there are signs that Chinese Companies are slowly grinding back to life after weeks of lock downs and quarantines markets rallied after a surge in u. S. Markets and the i. M. F. Has announced 50000000000. 00 in funding for countries hit by the epidemic. And lets go down to correspondent in taipei those on han. Flickers of optimism there from asian markets youve been talking to managers and executives of chinese businesses do you see a similar optimism there. Well im afraid to asian underground doesnt look so optimistic though the Chinese Government figures are fishel figures show that over 70 percent of the of the production has been restarted it a
A crisis measures to keep its economy going as it combats the coronavirus pandemic now in a few moments well hear from a European Commission president was not funded line and the executive Vice President s father some pro skates and margaret have a stay here they are due to speak in brussels in a few moments and with the disease spreading throughout the e. U. Theyre expected to offer funds to prop up Vulnerable Industries will also allow countries to break deficit spending rules as they battle the virus and that is something that italy the worst hit country has already said it will do the European Union will also offer cheap loans to Companies Hit by the outbreak as customers stay away. Right we have our team of correspondents on the story with us here in studio we have had offers from d. W. Business our Political Correspondent nina and also standing by for us in brussels our correspondent there and recruit good to have you all of us with all with us and theyre going to start with you
On every 19th. On february 19. Take a look at the banking sector, take a look at the mining sector, take a look at what is happening with the oil sector. These sectors are down by circa 30 since those highs were hit. Brent crude bouncing back today, up by nearly 8 , after saudi makes it very clear they intend to pump a lot of oil during the month of april. This Oil Price War is not going to go away in a hurry. The german 10 year yield, we are selling off today. We are 10 basis points higher. In italy, 12 basis points lower. The spread tightening up a little bit, but nevertheless, italy has been on offer for the last couple of days. Maybe some fiscal action helping the story out a little bit. Nevertheless, we have a big call between eu leaders. We will have to wait and see. Vonnie we will get all of that later today, but for todays market action, what we are looking at right now, we are joined by nancy davis, Quadratic Capital Management cio. Also joining us, our market live editor this