This Chinese Government as begin with Gordon Chang Asia x. Wait contributor for the daily beast hes in new york what do you make of chinas claims you think theyve stabilized that gordon. There we dont really know larry because there is now extraordinary information control and the infections to 6 deaths statistics that are coming out of beijing actually support chinese rulers see jim pings policy of getting Chinese Workers back to their job sites so its sort of suspicious now i think that maybe and on where this started maybe theyve stabilized but we also know that there are clusters in beijing and some other cities and so cute very well have in these other locations a new Virus Outbreak but you know as i said because of what beijing has been doing especially putting journalists in jail and all the rest of it we absolutely do not have very much of an idea still can we is says how being is handling this. Well we know that for 6 weeks from december 8th when the 1st corona virus patient w
Bring you the latest news every hour of the day this is our national while come from myself and the whole team in moscow. Well lets jump in with our 1st story u. S. Stocks plunged to the lowest in decades the Federal Reserve moved to pump in emergency loans to ease the strain as investors fled over the impact of the coronavirus demick the benchmark Dow Jones Industrial average fell 10 percent in a single day marking the biggest decline since black monday and that was back in 1907 other major american indexes also closed significantly donald trump gave a rousing Oval Office Address to the nation but failed to comment just as nubs about the economic damage kopek 19 is causing. This is not a financial crisis this is just a temporary moment of time that we will overcome together as a nation and as a world and todays boom bust on r. T. Weve gathered expert analysis to try and map out why the stock market rollercoaster is heading as well as covert 1000. 00 another fact of course is while whi
Of suspicious now i think that maybe and on where this started maybe theyve stabilized but we also know that there are clusters in beijing and some other cities and so cute very well have in these other locations a new Virus Outbreak but you know as i said because of what beijing has been doing especially putting journalists in jail and all the rest of it we absolutely do not have very much of an idea so can we as says housing thing is handling this. Well we know that for 6 weeks from december 8th when the 1st coronavirus patient was diagnosed to january 20th when he made his 1st public a knowledge moment we know that the communist party hid information about the virus that allowed it to spread around china and indeed to escape china and around the world so that is damning of his his policies the real problem is hes now gone back to the secrecy and because of that its very difficult for us to assess whats going on but i dont trust those numbers and we really wont know for quite some ti
Well we know that for 6 weeks from december 8th when the 1st corona virus patient was diagnosed to january 20th when he made his 1st public a knowledge moment we know that the communist party hid information about the virus that allowed it to spread around china and indeed to escape china and around the world so that is damning of his his policies the real problem is hes now gone back to the secrecy and because of that its very difficult for us to assess whats going on but i dont trust those numbers and we really wont know for quite some time how do you think the impact of the corona virus will tip the Global Economy into recession. I think its already happening larry you know were seeing for instance china in february was in a contraction i dont know if theyll be relabeled to recover much in march but we have seen in places advanced societies like south korea italy you know they just shutting down large portions of the country thats going to occur in the u. S. As well so i think that
Least off the stocks took their worst hit since 1870 black monday crash this time caused by investor fears over the handling of the covert 19 crisis. By their one i am Early Saturday Morning here in moscow life from r. T. Internationals world news h. Q. Kevin owen here with a 30 minute update thank you time review tuned in around the world and its coronavirus start of the news again various lines and tell you 1st off several countries have declared emergency status friday in response to the outbreak of covert 19 spain joined a number of other european nations which is struggling for containment measures and the big news in the last few hours donald trump announced that the u. S. Is stepping up its risk level and response to unleash the full power of the federal government that the separate today i am officially declaring a National Emergency. 2 very big words. The action i am taking will open up access to up to 50000000000. 00 of. Very importantly for. A large amount of money for state