Flights bringing more than 11000000 people from one place in the world to another that makes it really easy for a virus to spread around. Corona you may not want to hear the word anymore or maybe you all someone in your family is unfortunately affected or you live in a region where there are many cases and you creates a lot of fear and many questions but as fast as the virus spreads myths created today we will focus on some of those myths but lets 1st take a look at how this corona virus managed to put the world into panic. People with a non known illness start to appear on Central Hospital in early december 2900 late in the month the one day young a doctor there posts on social. Media that patients in the hospital are showing symptoms of viral pneumonia. Chinese Health Authorities admit theyre investigating an outbreak among the 1st patients many have direct ties to the hunan Seafood Market where wild life is also sold by january 1st it shut down. 2020 dawns chinese Health Authorities
Without the businesses, they will not be getting money for long. Is there enough . If not, we will do something later, i am sure. Wall street analysts are predicting unemployment could skyrocket next week. Some analysts say as many as 3 Million People applying. That would be an historic number. Is a 1000 check going to cut it . We are talking much more than that. We are also talking about doing phases if this doesnt work. We will keep on doing it until we get it going. Once we get the economy back, was this enemy is defeated, the invisible enemy, once we get the economy back, it will all come back to us very quickly. We have a tremendous economy. Othernumbers like no country has done before, number one in the world. That money comes back to us very rapidly. That when,have it so not if, but when we win the war, the invisible enemy, when we win it, these companies can immediately start. Not that they had to start rebuilding, which takes a long time. Are you confident those jobs will come
As the outbreak crippled. Ctivity Saudi Arabia Oil export to day. D 10 Million Barrels a determine withts get you set up quick check of the markets. We are seeing u. S. Futures under pressure at the open. This after stock markets. Ebounded we have s s p 500 really moving green after we heard that the fed was commercial paper facility and additional move the we havent seen since financial crises. We are just getting more details from the fed. Establishing primary deal credit mentioned, were also getting a Deal Offering and funding. Rate. Te matching discount it will allow primary dealers to support market functionality. From jae powell saying thats what the fed was focused on which is restoring normal function in this dysfunctional condition. The fed saying that primary deal Credit Facilities established section 133, saying that available for at least six months from now. March 20th. Le starting on maturities up to 90 days. Were getting some of that on thecoming through latest effort by
Discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could hard this year want the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were ready to support growth the Federal Reserve cut rates by a half a percentage point its 1st emergency cut since the financial crisis in 2008 now whether Central Banks have the firepower after more than 700. 00 rate cuts and trillions in buying off the financial crisis is another question after all that it. The stock markets that benefited most from the rate cuts little trickle down into the real economy but unlike the 2008 crisis where banks needed a desperate infusi
00 im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems with inside a lab thats working to find a vaccine to fight the virus and Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could ha this year will the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were read