Libya syria and yemen are bracing for a possible corona Virus Outbreak officials there have shut down schools and impose travel restrictions but how can this virus be contained in conflict zones and can developing nations cope with the pandemic this is inside story. Hello and welcome to the program im. From complete lockdowns of cities to building new hospitals rich countries appear to be better suited in the fight against the coronavirus pandemic but covert 19 is straining Health Systems and some governments are struggling and this raises fears that nations whose hospitals are closed or ill equipped may not be able to cope conflict zones are for particular concern libyas u. N. Recognized government in tripoli has declared a state of emergency its ordered the closure of its land air and sea crossings as well as schools for 3 weeks yemens government suspended all flights to and from airports under its control for 2 weeks and syria has delayed its problem entry elections and canceled mos
President trump has yet to detail any stimulus plans to stem a potential economic slowdown. Big tech names also feeling the pain. Uber and lyft plummeting amid concerns Everyone Wants to shelter in place. Lets get straight to Abigail Doolittle in new york. Give us the big picture on the pain. Abigail truly a brutal day for markets in the u. S. And frankly, around the world on these coronavirus fears, what the impact will be on the global economy, especially now it is being called a pandemic. Before we know the true scope in the u. S. , look at the decline for the major averages. Dow in a their market. S p 500 flirting with that territory. Investors want out of stocks. They get they cannot take the risk. Finished downy slightly at one point higher. That could do with the fact that they are offering around stimulus, something we are waiting for more details on later today. Lets go into the bloomberg terminal and look at what is happening right now for global growth. 4 e are the china dow
Combat the outbreak as france closes schools. New york city declares a state of emergency as the death toll approaches 5000. Investors fear that emergency packages will not be enough to stave off a recession. That showed in european and u. S. Sessions yesterday. Saw their worst day of all time. Wall street showed its biggest crash since 1987. Here is a look at just how bad it was. Drops, the likes of which i have never seen, on individual equity indexes. The dax is down 12 . The ftse in milan is down almost 17 in a oneday session. It seemed to all be sparked by Donald Trumps travel ban and then made worse by the ecb decision. Jones look at the dow industrial average, the most famous global index. Circuit breakers were set off again yesterday and this was the biggest drop. Since 1987. Nts the s p 500 is down 9. 5 , as was the nasdaq. Doterms of price action, we see a bounceback in terms of futures. You see ftse futures are up more than 3 . The 10 year yield is gaining a little bit in te
Are seeking to capitalize on it. We will talk about the potential threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. Jones entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. Danked wegman sec
Crisis, with dr. Christopher mores, a Global Health professor at George Washington university, and Adriane Casalotti from the National Association of county and city Health Officials. This is the washington journal for march 6. President trump expected to sign 8illiondollar billion emergency funding bill, this has mike pence said yesterday there were not enough testing kits to meet demands Going Forward. Its will be disturbing to by the end of this week. Maryland has announced three new cases and the governor there reporting a state of emergency. Cdc highlighting cases when it at 100, coronavirus with 10 total deaths and state reporting cases out of 13 of , 13 cases reported by the cdc. Over the next 30 hours, medical professionals three hours, medical professionals will join us later to answer your questions about the virus and the Public Health response. Gethe first hour, we will your response. The level of concern you have about the virus in the United States. Here is how you can le