With the top stories from europe including germany reveals plans to take in child refugees as the talks with turkeys president over the border crisis with greece. From the country to be canceled until april to slow the spread of coronavirus footballs governing body fee for the sides to postpone asian qualifying for the 2022 world cup. Welcome to the new spread fear of coronaviruses starting to have a major Global Economic impact on top of the growing human cost us stocks plummeted in the opening minutes in new york even forcing a temporary halt in trading president. Is due to meet with his economic advisors in the coming hours that stock market plunge was also influenced by all prices dropping around 30 percent on monday the biggest fall in almost 3 decades and thats amid a price war between saudi arabia and russia moscow refused to join the plan by major Oil Producing nations aimed at cutting output and maintaining prices stock markets across asia have continued to fall continuing the
Rocket fire interrupts ashraf ghani is he in a bowl of dolor sworn in as a kind of stands president viable inauguration ceremony. Thank you for joining us a plunge in oil prices triggered by a dispute between saudi arabia and russia has sent stocks plummeting on Global Markets already spooked by coronavirus billions were wiped off the value of Major Companies on monday londons footsie 100 suffered its biggest one day fall since the Global Financial crisis of 2008 the index fell by as much as 8. 7 percent before recovering slightly hong kongs hang seng index fell 4. 3 percent its biggest one they fall in 2 years and that spilled into other asian markets trading was halted on the New York Stock Exchange for 15 minutes when the dow jones tumbled more than 7 percent shortly after it opened. Well chris a salumi is monitoring the markets for us and joins us live from new york chris that it was friday the 6th of march when it became obvious that saudi arabia and russia hadnt come to some agre
Interrupts ashraf ghani as he and the beloved are sworn in as afghanistans president rival inauguration ceremonies. Hello welcome to the program a plunge in oil prices triggered by a dispute between saudi arabia and russia has sent stocks plummeting on Global Markets already spooked by coronavirus billions were wiped off the value of Major Companies on monday londons footsie 100 suffered its biggest one day 4 since the Global Financial crisis of 2008 the index closed 7. 7 percent down hong kongs hang seng index close 4. 2 percent down thats the biggest one they fall in 2 years and that spilled into other asian markets trading was halted on the New York Stock Exchange for 15 minutes when the dow jones tumbled more than 7 percent shortly after it opened well chris islam is monitoring the markets for us joins us live from new york its just close there what are the final numbers looking like kristen. Yeah barbara it was a brutal day for and vaster is a major sell off on wall street all 3 o
Home builder market, as crazy lows spark a mammoth rush to refi but could rates drop even lower . Mortgage guru barry habib of mbs highway here exclusively on whether you should pounce now or whether you should wait. Opec plus russia, fretting about the deadly contagion as the price of oil plummets. Its no longer if, but by how much the cartel will slash production. Dan yergen is one of the worlds foremost experts on black gold. How low will that go . Dan has an idea. He will reveal it right here. Its a fox business exclusive. And as companies from bmw to twitter order their employees to work from home, theres a softwear Company Helping you get the job done without leaving your couch. The ceo is here on how well its working. With less than an hour to the closing bell and gold and bitcoin surging, lets start the claman countdown. Liz breaking news. Senator rand paul of kentucky, the only senator to vote no as moments ago, the Senate Passed the 8. 3 billion emergency funding bill. This b
We start in the austrian capital, vienna, where a deal is being been done that will affect how much we pay for fuel next year. 0il ministers from the organization of Petroleum Exporting countries or opec for short and their allies, including russia, have been meeting to try and prop up the price of crude. Lets show you why. Back in 2017, they agreed to cut oil supplies to boost flagging prices. As you can see, until the end of last year it was working very well. But as prices rose, it encouraged Shale Oil Producers in the us to invest heavily, meaning american production is now at a record high. That meant too much oil. Prices coming down again and financial problems for countries who rely on oil exports. So, they are planning to cut production further, by another 500,000 barrels per day. If the deal is signed off, that would mean total production cuts of 1. 7 Million Barrels per day, equivalent to 1. 7 of the worlds supply. Analyst roger diwan is at the meeting. He said a deal is cruc