This hour. But the city where it all began is getting back on track. China lifts travel terms in wuhan, ending 11 weeks of lockdown that disrupted the lives of millions. Shery we are seeing kiwi stocks gaining ground. We had seen u. S. Stocks under a lot of pressure today. There was a lot of volatility. U. S. Futures continue to fall 3 10 of 1 . We have surged as much as 3. 5 in the u. S. Session, but that really wasnt supported through the end of the trading day. Bk futures also down nikkei futures down after japan unveiled the 108 trillion yen stimulus package. We have seven prefectures that declared a state of emergency. Current account balance and trade balance this hour. We have crude at the moment rebounding after falling to the weakest level since the start of the month. Trump hassident threatened to withhold funding from the world health organization. He has been telling reporters at the latest coronavirus White House Briefing that he is considering doing just that. Bealso said
As economic pain starts to bite worldwide here to the coronavirus pandemic many countries are now beginning to ease lock downs and reopen their economies but what are the risks of a blitz soften the Financial Impact of the pandemic this is inside story. Hello welcome to the program im Adrian Finnegan its been described as the Great Lockdown by the International Monetary fund and it could have created the worst recession in nearly a century both rich and poor countries are affected by measures taken to control the coronavirus pandemic and governments are under pressure to stabilize markets and prevent job losses that are weighing Public Safety against restarting their economies although many countries are reopening stores and schools there are differences over where and when businesses can resume operations for many of the prospects that the world may be returning to normal is a relief but Health Experts say that relaxing too much too soon could trigger a 2nd wave of infections heres a
Footing. If we do get some kind of opecplus deal, that will provide some support in the markets. Guy we are seeing equity markets bid, and it is stuff the market has really fallen out of love with that is catching the biggest bid. The travel and leisure sector, airlines, some of the catering companies, the hotel groups really bid today. Bid, up by 1 . We are anticipating any second now the start of a Video Conference call between eurozone finance ministers. We will get the results of that maybe a little later on. We continue to watch what is happening over at st. Thomas hospital, where the Prime Minister of the United Kingdom is in intensive care. Withrms of what happening yields, going a little higher today. Trading at 37 basis points on the u. K. 10 year. Alix we will say higher maybe in quotes. For more on the impact of the virus, we are joined by kemal shree kumar by cobol shree kumar by hobo three rikumar. S are we seeing some sustained buying ability . Are greatse questions. I th
They have very often less resources to protect themselves against this crisis help any konami crisis. We know that in many countries Health Systems are weak. We know that in fight in flight to safety a lot of capital has left the merging economies the developing quote nearly 90000000000. 00 have flown out this is way more than during the Global Financial crisis. And some countries are highly dependent on commodity exports which prices collapsing there hit yet again it is paramount for us to place these countries and especially the weakest among in the center of our attention the same way the virus hits Vulnerable People with medical preconditions hardest the economic crisis hits vulnerable economies the hardest and that takes me to my 3rd point we ed the i. M. F. Are mobilizing strongly working together with the world bank and other International Financial institutions bringing the world together. To provide protection against this crisis we have one trillion dollars war chest and we a
The same mistakes next time there is a Global Pandemic bus why is it always communist cuba that comes to the rescue when theres a medical emergency even when the countries in distress like britain and italy are allied to the usa responsible for decades of terrorism and sanctions against the caribbean island all as a ball coming up in todays going underground fest thats go straight to book a moment its just because god to dr Sylvia Binyamin the the Health Director of the San Francisco clinic who is on the front line of the fight back against corona virus sylvia thanks so much for coming on spain seems to be turning into with the by next week who knows new york and london maybe like a book or mo would you advise all of us 1st of all to do to minimize the impact of coronavirus they see on us that it would seem bad m. R. O. It out there whats the end of favorite already in the in my office because the immediately we introduce the actually at the end because for all the people entering the.