A global trade unit of account in particular he pointed out that almost all cars at least where he lives in africa come from overseas like japan and theres a huge used car market where they ship the cars used cars from japan to africa and these people are paying for its with bitcoin right you know this is an example of an area of the world that was considered lagging but could leapfrog to the head of the class remember part of the reason china became such a huge economy is that they entered into the Global Economy during the age of mobile phones and there wasnt really you needed to build the infrastructure of the old copper wire base telephony same thing in india in africa because they are already mobile phone. Marianna oriented are dominated now with mobile payments and with bitcoin in Crypto Payments they are in a position to leapfrog the world and become the 1st hyper big quite as ation example and that would be an enormous if they could leave the world yeah of course for domestic p
International norms and this point might be coming about right now john thanks for your time beach on tell us ole from germanys the left party thank you thank you all right time for another slice of the colors report states here standing by to translate the business and markets lingo and make sense of whats not there to stay close. To what weve got to do is identify the threats that we have its crazy to confront a shouldnt let it be an arms race is on all sides very Dramatic Development only really im going to resist i dont see how that strategy will be successful very critical time time to sit down and talk. Time acts as if this is to cause a report thats right weve entered a global depression still a longer recession forget the recession its the d. Were the pression this will last a few years you know so you know lets get into it stacy well endings are always always always new beginnings so its an opportunity to come up with new Companies New monetary systems new economic ideas and n
Session here. We are seeing korean stocks up, some 4 . This has certainly been a shift in the risk on sentiment we are seeing. The concerns over the waves are being brushed aside. Across assetsg here. When it comes to your bond, we are seeing yield ticking higher. 73 basis points for your u. S. Tenyear. We saw a rise but it is petering off. Did selloff overnight. Take a look at currencies, the dollar dropped will be the key story here. That is living these markets here today. As aen has been steady rock here. Despite the volatility we have seen. That should give some breathing room for the boj. Perhaps they are likely to sit tight when it comes to policy levers but look for hints on what they do with the Corporate Funding program. Youre seeing that dollar is really trickling through here. The taiwanese dollar is blaring green here today. We are up a third of 1 . The korean won strengthening. 7 . Mmb is unchanged. There has been a sense that the feds have the markets back. Letting the C
A daily meal. At another use saudi forces interceptor missile over the capital riyadh explosions are heard in Northern Areas of the city and. The number of deaths is wising by the day millions are in confinement of the world is slipping into recession the coronavirus pandemic is turning out to be humanitys worst crisis in decades there are now more than 30000 deaths linked to the virus more than half of those in just 2 countries in europe italy alone more than 10000 people have died and spain has reported its highest number of deaths in a single day bringing the total there to more than 5800 the army has been asked to transfer bodies to morgues because undertakers are unable to cope saturday also so the highest day on day increase in violence related deaths in the u. K. More than 1000 people died and the government is increasing testing for frontline hospital staff and in india the fear of death due to starvation not the virus has led to a mass exodus of poor workers bus and train stat
Trillion dollars will be rushed to states and businesses struggling and with a crisis the bill will also send a direct payments to tens of millions of americans plus the original epicenter of the coronavirus pandemic is fast in motion after months on lockdown but its a one way street people are allowed in but not allowed out we have the latest from china. Im calling aspen thanks for joining us italy has set another record for the most deaths from chrono virus in a single day nearly 1000 people have died in the last 24 hours that brings the total death toll to more than 9000 thats the highest number of any country and Health Officials say the worst may be yet to come oscar awards are still full although doctors do say that the number of patients. Is now standing contagion rates appear to be slowing as well thats feeling hope that these strict social controls may be working but the lock down is hitting the Italian Economy hard with churches and charities struggling to care for people in