Distance from others to the pandemic of zeros lawrence lee has more from london on the situation across europe. Its the exponential rate of rise thats really alarming 2 days in a row now where theres been well over 400. 00 deaths each day if you if you extrapolate it clearly and it stays at that level youre looking at the best part of 3000 deaths a week and thats really terrifying stuff big rise 2 in spain the problem in italy seems to have been brought about because they reacted see late because the hospitals and fall people are getting sufficiently ill while still at home that its too late to do anything for them when the by the time they got to hospital and so its the countries that are behind the curve where italy is now the supposed to be looking at this and thinking well perhaps we should be reacting differently to the way that its a lead ins when it mismanaged this at the start so germany for example is now suggesting that at the weekend if people are refusing still to abide by
Increase of coronavirus cases in the United States. S. In europe, italy, doctors and hospital struggle to deal with the spiraling number of patients. We will find out how the Italian Health care system is coping. The olympic torch is lit in greece, but will it ever make it to tokyo . The covid19 pandemic is fueling concerns the olympics in japan could be delayed or canceled. Brent i am brent goff. Welcome. Fears hammered markets again today. Shares on wall street plunged, triggering a stop in trading for the second time this week. The Dow Jones Industrial average was down almost 9 shortly after the start of trading. The selloff comes amid uncertainty to contain the economic damage of the covid19 pandemic. It follows the announcement of a u. S. Travel ban on flights from europe and mirrors tough trading sessions in asia and europe, where investors had signaled satisfaction with stimulus measures so far dissatisfaction with stimulus measures so far. The European Union has criticized the
Our fears would be a. Message from the medical staff on the front lines in the fight against the karada street. The air. The coronavirus pandemic continues to tighten its grip on europe theres no sign that the infection rate is slowing with thousands more confront every day and the death toll is rising to just over 3400. 00 people have died in italy more than anywhere else in the world including china infections of suppost 40000. 00 the government will now deploy the army to enforce a lockdown in long body the region was to hit in spain the death toll is now past 1000. 00 infections there have also risen to nearly 20000. 00 and iran has Just Announced a further 149. 00 deaths bringing its total. More than 1400 president has some rouhani is calling on iranians to stay united to tackle the crisis they want to the u. S. The governor of the countrys most populous state california has told everyone to stay home one followers did sections of been reporting well take you live to the u. S. In
Guys, that interview with barry right now makes you feel better. Gives you hope i think its important to he hear, are stocks cheap yes. Is the system working . Yes. Is the opportunity going to be great if the countrys locked down no so whats important is to find out where the country is fiscally thats why its important to speak to the treasury secretary. Yeah. The concerns that we had yesterday continue to be the concerns we have today, which is about businesses forced to potentially suffer significant financial damage as a result of being closed or having no customers. And what that will mean. Liquidity is always an issue it does seem to be not in the treasuries where we have seen illliquidity that scared people moving into credit, which we need to focus on huge repricings. The cost of capital has gone up for corporate america. You can provide people money, but those people dont want to go out we are a service economy, twothirds of our country is service. What do we do when you get mo
House considering Financial Relief for workers and businesses impacted by the virus. This is what the president said yesterday. We are going to be asking tomorrow, were seeing the senate, well be meeting with house republicans, mitch mcconnell, everybody, and discussing a possible payroll tax cut or relief, substantial relief. Very substantial relief. Thats a big number. Were going to be talking about hourly wage earners getting help, so that they can be in a position where theyre not going to miss a paycheck all right jim, we have a presser at 5 30, but right now dont expect specific proposals i think theyre mulling over some things. Theyll give direct support to workers, which is fabulous a lot of workers live hand to mouth. Theyre coming to work even though she shouldnt because theyre sick and this is a great holdover Small Business loans, they can expand that greatly. We have a lot of money coming into the treasury. They can waive the interest and penalties for people who file exte