Role coronavirus cases being reported the pandemic is spreading rapidly but some countries still dont have the capacity to test people so is that hampering efforts to curb the disease this is inside story. Hello and welcome to the program im peter davi now the number of people infected by covert 19 is more than 700000 globally the number who have died over 34000 those are the estimates from Johns Hopkins university but do those figures accurately reflect reality if were talking about pure math curves usually indicate how severe cases are in a country and they show its ability to control a crisis but there are other factors too governments denying risk facts suppressed a lack of access to poor people and limited testing but be it in the slums the townships countries suffering conflicts and those without democracy is what is unknown is whether the outbreak is bigger than politicians are admitting or theyre able to handle correspondence in beijing johannesburg and mexico city report now o
Good morning, everyone. Good afternoon if you are watching from asia. This is bloomberg surveillance. I am in italy for the ember city ambrosetti forum. Lot to do with the economy, the trade war, with no end in sight. Although the two sides did decide to meet her we go back to our wall of worry. What im looking at. European stocks were up at the open a touch, now they are down. 1 . A lot will have to with the number we get from u. S. Jobs. Looking at treasuries, they are slowing some of the declines we saw yesterday and we shot a sharp selloff. Im also looking at gold. It is probably the perfect litmus test when comes to risk on or risk off. And wti, there is little change their. There. So we will get back to the markets and great interviews, but first, lets get straight to london and first word news. Hong kongs Credit Rating has that is as months of persistent protests and violence continue. Fitch says it is testing the framework that governs the relationship with china. Carrie lam sa
A candidate supported by china fishing boats and military helicopters, rescue people stranded in front of the greek villages. At least 10 people have died. The thank you very much for joining us. Its 5 g m t 6 am in morocco where at least 296 people have died after and 926. 8 or as quakes truck, the center of the country. More than a 150 people are injured. Several video show collapsed buildings, particularly in parts of the old medina in the city of marrakech. So the sort of them understand. So do the money because of the powerful earthquake of magnitude 7. 0 hit with this epi center in the whole region. According to preliminary reports, as of 2 am local time, the earth quake resulted in the depth of 296 people in various provinces. In addition to the injury of another 153. 00 people, which they suffered every active injuries. And some of them were taken to hospitals. When we dispatch a number of security teams at a rescue operation to various effected areas, we urge all citizens to s
To security. After millions of dollars of damage in catastrophic flooding, there are fears the worst is yet to come. The president duda to arrive in texas for the response of Tropical Storm harvey. Minister has a radical solution to ending the gender pay gap in the country, taking money out of spending corporations accounts. More of that in the business update. Anchor the french president says fighting terrorism is a top i already of french diplomacy. This, in his first major poor his first major foreignpolicy speech. He focused chiefly on terrorism and ending financing to Human Trafficking and he spoke to nearly 200 envoys who attended the event. Take a listen. [french]esident translator the top priority of our policy. Islamist the term terror and i except the scope of that term. But there is no point in having a fear of islam. Neither is confusing islamists with islamic. General suspicion with the millions of muslims in europe who have not a single link with the fanatical doctrine an
Said this will make banks act irresponsibly but we never visit that this connection of the system. Weeks spirited it from 2000 he hands added on in the insurance for free in the end freddie and all the other things but we promoted that moral hazard problem that is supposed to resolve. We tried with Flood Insurance but in those cases nobody could articulate for safety reasons for reforming those systems. Day you see any hope . I would get a slightly different interpretation. You are right fdr was very worried of the moral hazard consequence is but it was an upsurge that it had to be dense would happen in the way. But with deposit Insurance Scheme more federal oversight we can argue that was good but that meant banks could do certain things it actually deprived a lot of people love credit because regulated banks could make certain loans but what happened because they wanted loans this waterfall Innovative Society created alternatives that is what we call the shadow banks keep the bailout