To get to on this very busy day lets get started. And we begin with another bloody day for wall street down another 1000 points and yes we have now seen the worst week for markets since the 2008 financial crisis wiping out as christy just said 5 trillion dollars from Global Markets im going to say it again wiping out 5 trillion dollars in one week were going to break down Global Markets and the horrific week they just had in just a minute but 1st lets get you caught up on the very latest with the corona virus which of course is blamed as the catalyst for all of this so here are the latest numbers more than 83000 people and at least 53 countries have been infected and of those more than 2800 have died outside of china the largest number of deaths is in iran at 34 where that country has seen a huge jump in infections to ron had already canceled friday prayers at the capitals of 23 of irans 31 provinces u. S. Secretary of state might bump aoe says that the u. S. Has. Offered to assist ira
We will start with the us china trade war because President Trump has announced a major escalation in us tariffs on chinese goods, saying that china has broken its promises made in negotiations. The announcement has rocked markets as we saw a moment ago, sending stocks and commodities tumbling. Here is what has them so worried. Resident tom says that from september one, the us will impose a 10 tariff on 300 billion worth of chinese imports that are not already subject to us taxes. This comes on top of the 25 tax already imposed on chinese goods worth 250 billion a year. But they will hit consumer goods such as electronics, toys and footwear. Us business groups have been quick to condemn this escalation. The us chamber of commerce that represents 3 million firms says it will only inflict greater pain on us business and undermine and under wise strong us otherwise strong us economy. President trump began his tweet with praise for the most recent round of negotiations, describing the talk
Two holiday firms, with bookings from more than 50,000 people, have ceased trading. Last month was probably the warmestjuly on record according to new research. And, england Bowlerjames Anderson awaits the results of a calf scan and could be out for the rest of the first ashes test at edgbaston. Good morning. Welcome to bbc newsroom live. The liberal democrats have won the brecon and radnorshire by election taking the seat from the conservatives, and leaving borisjohnsons government with a working majority of one. Here is the result the liberal democrat candidate jane dodds overturned the conservatives majority of over 8,000 to beat the incumbent mp chris davies byjust over 1,400 votes. The brexit party pushed labour into fourth place. And here is the share of the vote which saw a 12 swing from the conservatives to the liberal democrats, and the labour vote collapsed. 0ther pro remain parties had stood aside to allow the lib dems a better chance to reclaim the seat they lost in the 201
You can do to improve your health. State use. The bumpy road to industrial transformation. Joins the race tomorrow with the countrys 1st car manufacturing project. Experts say Corporate Leaders could prove Global Growth whats holding them back we talked to. A global spillover from the u. S. Chinatown just give material. Banks. And shipping shipping in the summer heat from. Africa complain about the price of. Africas becoming more selfsufficient another has joined the race to industrialized parts of the continent. His 1st attempt at producing vehicles. Have to take on the global auto giants 1st slice of the huge african market. This is one of ugandas biggest innovations since independence over 55 years ago. The 5 seater has been made by young ugandans. There were days when were just in the loving you know there was nothing yet on there and but the day that come of it i think fighting for us to know that we didnt just have. One now confident enough that we can inspire and that its possib
And more. Mourners. Among problems. The global 3000 talks with senior british researchers who take a more optimistic view. While it is not always a good place but its much much clearer than it was how is the world really Getting Better. I close to 3000. 00 special reports. Starts august 19th sunday w. A bumpy road to africas industrial transformation. Finally joins the race to modernize with the countrys 1st com manufacturing project. Experts say female Corporate Leaders could prove Global Growth so whats holding them back if you talk to the s. N. P. Executive board member a different spot. Global spillover from the u. S. Chinatown just putative realizes investors seek safety in Central Banks and supplies right. And shipping shrink in the summer heat from a new defines the. Customers across north africa complain about prices. Lets do business africa is becoming more selfsufficient another homegrown car maker has joined the race to industrialize parts of the continent kira motors is uga