We are looking at a contraction for the year between 1 and 4 . Looking at where china is, reality starting to bite, trading lower right now. Pmi front and center. Chinas economy has been damaged. A lot of the world still is shutting down. The downward revision in expectations may only be just beginning. Nikkei, lower by 4 . Jitters also there in the market. For globalmism governments to cushion the blow from the coronavirus outbreak. Lets flip the page, take a look at where we are in terms of the dollar. Easing a little. Theaussie below 60 to dollar. Is,ng a look at where crude down by 1. 5 there. Traders weighing the extent of against the 2 trillion stimulus package. The oil glut meaning we are running out of space to store. Yvonne things turning south now. It was after we saw global stocks register a rare back to back again on wednesday. Asia looking mixed. Japan seeing substantial pressure now. Lets get more context with david ingalls. Things are starting to turn a little to the dow
Italy has observed a nationwide minutes silence to remember its victims of the virus more than 11 and a half 1000 people have died in the country the highest toll in the world in the north of the country which has been the worst hit a 200 bed Field Hospital has been built in milan to relieve the pressure on the Health System there. The u. S. Continues to have the highest number of cases in the world with more than one 175000 countries seen more than 3 and a half 1000 deaths new york state is the worst affected with the governor saying the peak is still to come we are planning now for the battle at the top of the mountain thats what we are doing. Get a staffing plan ready now for the battle at the top of the Mountain Equipment stockpile now were gathering equipment that we dont need today because today is not the day of the battle the battle is when we hit the apacs depending on who you believe 14 days to 30 days from today and even though china and south korea appear to be winning thei
World Health Organization wants a pandemic is getting worse but says there is still hope to change its trajectory. Also the u. S. Secretary of state makes a brief visit to afghanistan seeking to salvage a deal between washington and the taliban. Mozambiques army battles fighters in a northern town close to a 1000000000. 00 energy project. To italy has reached another grim milestone in the corona virus pandemic the number of dead now exceeds 6000 and that is almost double the number of deaths recorded in china where the virus originated another 602 people died in italy in the last 24 hours compared to 650 from the previous day the country has been reporting a smaller day to day increase for 2 days in a row nearly 64000 people there are now in. Acted hundreds more people have also died in spain or thora to report 460 new fatalities pushing the death toll to more than 2000 the state of emergency has been extended and foreigners are being banned from entry in the United States the number o
National it must be a European Response it has to be responsible we all role as one whether we are dutch spanish portuguese italian or german it has to be a European Response isnt it more on the situation in spain with malta hereto in madrid. Madrid still remains as the ground 0 of the whole and demick scene since the outbreak of the Coronavirus Crisis weve got in madrid a 50 percent of that the death toll has had at announced yesterday that he suspends nonessential work and Economic Activities for the next 2 weeks this means starting tomorrow monday 30th and april 9th this covers these eastern period of time where everyone here in spain goes out to the coast goes on holidays so they want to prevent people out breaking this lockdown weve seen this past weeks many people were taking the car going doing that weakens you know not being concerned but i must say that this past week and less people have gone out or have been arrested or have been fined because leaving their houses and so i t
Dozens of hostages freed at least 20 killed after a siege at a sikh center in the Afghan Capital is. A turkey lympics is pushed back a year and athletes from around the world have voiced their relief at no im happy to be petering the current virus pandemic well hear from them in the next hour. Well the largest lockdown yet in the fight against the coronavirus is underway with 1300000000 people in india now under orders to stay in their homes the restrictions will last for 21 days now india is only seen around 600 confirmed cases so far but there are fears that that could rise quickly all europe remains the current at the center of the outbreak more than 500 people died in spain just in the past 24 hours. Raising the death toll there to nearly 2700 but theres also concern the u. S. Could be the next hot spot infections in new york have now said to more than 25000 and that number is rising rapidly and just in the past few hours u. S. Senate leaders agreed on a stimulus package to help He