We are all in this together. We must put politics aside, stop the partisanship and unify together as one nation and one family. Trump made the announcement in a National Address on wednesday, saying the u. S. Will suspend all passenger travel from most of europe for the next 30 days from the end of friday. American citizens and their families are not included. The United Kingdom is also exempt from the suspension, although trump did not explain why. He said the European Union had failed to take the same precautions as the u. S. To combat the virus. The president also announced economic measures including a payroll tax relief, but emphatically said this is not a financial crisis. It happened on the same day the countrys capital declared a state of emergency. Washington d. C. , mayor Muriel Bowser also recommended canceling or postponing gatherings of more than 1,000 people until the end of this month. That includes the citys famous Cherry Blossom festival. The number of infections is in
Stock market suffered its worst trading day since 987 with share prices tumbling by 13 percent on monday the coronavirus pandemic is causing turmoil on Financial Markets worldwide despite drastic action from Central Banks to limit the damage discussed whats driving the sell off with our senior correspondent. Well theres only one way this is going and it is going down look at yourself in a matter of weeks the Dow Jones Industrial average this is this is an average of many major corporations so an index of their stocks the average it is plunged to levels that we saw that the world was out in 2070 so over the course of a few weeks weve race all economic progress made over the last 3 years and this is still early days yet i mean the pandemic in the United States it is predicted to get much much worse and essentially what were seeing is the equivalent of a run on banks so if a bunch of people run by sea to try to get their money out this is what investors are doing now with the stock market
Then kurt i dont know who that person is and someone whos a strong proponent of American Power and kurt has spent his life taking about this competition and hes on our side. We are down to the last of the last but not the least of our rapidfire conversations and we couldnt imagine anyone better to do it with than you, kurt campbell. He was assistant secretary of state for asia for obama, the author of the pit which was later renamed, we wont tackle you on that one and slightly less wellknown, kurt was the first person to get me involved in the Strategy Group when i was a mere kid so thank you very much for that and for being so inclusive. Let me start for you the same question i asked mike, i think i know what youre going to say but id like to ask you anyway. If we had a democratic administration, what would be the goal for our relationship with china . What would the perfect relationship with china look like . If you dont mind i want to say a word of thanks not only to nick who incred
To beat this disease maybe it even needs a bear market which is where we are today and the dow plunged and s p and nasdaq nose dived 4. 7 coron as coronavirus is a Public Health crisis wreaking havoc all over the country and it hasnt effected that many people yet but we know it will. And we thought we could keep it out and then thought it could be contained and then as it kept spreading we were told there was no big deal. Theres so few cases and so few why all the fuss and we discovered the Term Community spread we heard about the outbreak in Washington State and then the suburbs of new york and then the fiasco it dawned on us when they say novel as novel coronavirus, novel means we have no immunity to it. We have no vaccine if you dont, try not to get it. We have no tamiflu once you get it were all against this unseen nightmare. Novel, steven king novel all right. Were cancelling big Public Events what happens next. The two ways to do this, two ways to play it, pile on once again and
Im married to evanston its good to have you with us the Italian Government has put about one quarter of its population under quarantine in a bid to stop a rapidly expanding outbreak of the new coronavirus Prime Minister just have a contest signed a decree after midnight the lockdown affects the region of lombardy and other northern provinces and it also includes venice and italys Financial Capital milan now italy is the country with the most corona virus infections in europe the governments most recent figures show 5883 confirmed cases and some 230 people have died of the disease the lock down is the most drastic measure yet taken in a european country to try to contain the virus. Milan italys vibrant financial heart turned into a ghost town lumber d. Is the countrys most populous region its also where the corona virus has hit the hardest putting hospitals under strain and the government under increasing pressure to take drastic measures probably part of the. For lombardi and the other