Points. As the pathogen makes its first appearance in new multiple countries and at this hour, on the canary islands, where 1,000 people are on lockdown at a luxury hotel, the centers for Disease Control saying an outbreak of the deadly virus in america is now quote, inevitable. Health and Human Services secretary alex azar warning we do not have enough masks and ventilators to handle an outbreak. Coming up, medical experts and reporters are at the ready to handle every breaking angle. The surprise chinese stock thats spiking right now, the two u. S. Banks telling their employees to stay away from italy, and talk that the olympics could be canceled. Less than an hour to the closing bell in this final hour. Lets start the claman countdown. Liz we have this breaking news thats not getting enough attention. We are going to give it attention. Even as u. S. Airlines shut down service to china, look at the dow jones transportation average which includes airlines, railroads from norfolk and K
producer of them both. from next month, exporting these metals will require a licence, as michelle fleury explains. welcome to world business report, i m ben thompson. us treasury secretary janet yellen is headed to beijing and hers is the second trip by a cabinet official to china since ties between the world s two top economies deteriorated earlier this year. her goal is to steady the relationship, but she s got her work cut out for her. ahead of her visit, beijing said it was imposing export controls on two rare metals essential for making semiconductors. the measures are seen as a tit for tat response after the us, the netherlands and japan recently restricted chip exports to china. some say the move is aimed at giving china more leverage in future trade discussions. gallium and germanium, the two metals in question, will be subject to export controls starting august 1st. in a statement, china s ministry of commerce said it was to protect national security interests. ch
authorities have declared an emergency. jessica parker has this report. this was a worst case scenario that s now unfolding in front of the world s eyes. a wave of molten rock is carving its way into what was a thriving fishing town. grindavik s been evacuated, again, but abandoned homes and businesses lie in the path of an overwhelming natural force. this, it appears, was the first house to fall. translation: while this i is a bit surreal to watch your family home just disappear, i m still realising what s happening. trucks building defensive barriers against the lava suddenly found it surging towards them. fiery liquid burst out into the open on sunday morning. another fissure then tore up through the earth. the icelandic president tonight addressed the nation. translation: today is a black day for grindavik and today - is a black day for iceland. but the sun will rise again. together, we will deal with this shock, whatever may happen. we reported from grindavik back in nov
this follows a similar eruption in the same area last month this time, it s much closer to the fishing town of grindavik. people living nearby have already left the area and local authorities have declared an emergency. jessica parker has this report. this was a worst case scenario that s now unfolding in front of the world s eyes. a wave of molten rock is carving its way into what was a thriving fishing town. grindavik s been evacuated, again, but abandoned homes and businesses lie in the path of an overwhelming natural force. this, it appears, was the first house to fall. translation: while this i is a bit surreal to watch your family home just disappear, i m still realising what s happening. trucks building defensive barriers against the lava suddenly found it surging towards them. fiery liquid burst out into the open on sunday morning. another fissure then tore up through the earth. translation: today is a black day for grindavik and today - is a black day for iceland.
However slower demand in trade restrictions on Chip Making Technology have put businesses under pressure. Those restrictions only apply of course too high end chips currently and again more on the pulse of the industry i spoke to stacy raskin a Senior Semiconductor analyst will stop these Export Controls were fairly targeted. Fairly targeted. The only thins fairly targeted. The only things that fairly targeted. The only things that were fairly targeted. The only| things that were actually impacted were high and Artificial Intelligence chips chips for supercomputers and equipment that was capable of manufacturing high and logic and memory. In terms of actual Revenue Impact the only ones that really saw was the Equipment Vendors. The reason is from the high end chips it was the micro to expose their they were able to backfill with other products that came in below the Control Thresholds that were legal to sell in china nvidia. The customers bought lot of those in had a backfill and did n