Mondays losses on the dow eclipse the first day of the wall street crash in the great depression, as the ceo of nasdaq says it is critically important to keep markets open. Macron callsuel for unity in the battle against the coronavirus. The e. U. Closes its borders, as im a trump admits the u. S. Could enter a recession. Unknown, volkswagen says the economic fallout from the pandemic is impossible to predict, as car plants across europe are shut down. Anna good morning everybody. A grizzly monday on wall street following a 100 basis point cut from the fed after an emergency meeting, the dow fell almost 13 , the biggest plunge since 1987. Oil hit its lowest level in over four years. President trump says the coronavirus may cause economic disruption against the summer and it could send the u. S. Economy into recession. Pointing, u. S. Futures up and european features also pointing to gains. The s p has fallen or risen by 4 last six days, an incredible record of volatility. And, lets loo
Stocks will surge when this is over. Now look at this. An overnight tweet from the president. Quote, the United States will be powerfully supporting those Industries Like airlines and others that are particularly affected by the chinese virus. Big bucks coming. The president is clearly on board with the rescue plans that deliver trillions of dollars to industries and individuals. Who gets help and how its delivered, thats going to be hotly debated but there is a new sense of urgency to push that money out there. Here are the latest virus developments. Todays primary in ohio has been canceled by order of the governor. Primaries in florida, arizona and illinois will go ahead but the results are likely to be skewed by what may be a low turnout. Mcdonalds will close its dining rooms. Takeout and drivethrough okay, but no eating in. Chickfila, starbucks, they are encouraging takeout. The Kentucky Derby has been postponed. Very tight restrictions around the San Francisco bay area. Residents
The election in taiwan is set to lift markets. The victory moves the island further away from chinas influence. Saw stocks. S. , we falling, treasury yields falling with the disappointing december jobs report. We had hiring data lowerthanexpected. Wage growth the weakest in more than a year. The s p 500 fell for the first time in three days. We have industrials and financials leading the decline. Oil posting its biggest weekly loss since july. We had geopolitical tensions in the middle east fading a little bit. We have the dow being pulled down by boeing down. 5 . The new ceo officially taking charge on monday. Lets see how things are shaping up for asia. Offline. S we look to a week that will bring us chinese gdp and a decision from the bank of korea. We will check on korean trade and indian inflation. A mixed session mostly to the downside after a week reaching a high. It was a turbulent time for oil as well. We saw crude cap the worst weeks in july as the risk premium is fading and
Might take a little bit longer but safe, probably definitely do that. There is backroads, such like that. So yes, i would go a different road because i mean its damage to your car and, you know, possibly an accident as well. Reporter so far no one has been seriously injured, but some people inside the cars have been cut by shattered glass. Drive through the area. Keep your windows up. Report anything unusual. Reporter the california Highway Patrol says theyre investigating and have even created a task force to help, but so far theyve not released any information about who might be behind the attacks or a possible motive. If your vehicle is struck by something, immediately stop and dial 911 so we can send investigators there. Reporter chp investigators are not releasing exactly what type of projectile is being used in the attacks but say its about the size of a large marble due to the damage theyre seeing on the cars. Theres a reward of almost 15,000 for information leading to an arrest
Sometimes when ive heard some bad news or bad things that had happened outside, ijust, here and do some mechanical things. Live from our studios in singapore and london, this is bbc world news its newsday. Glad you could join us. Its 7 00am in singapore, midnight in london, and 7 00pm in washington, where the white house has published a letter to senior democrats, confirming that it will not co operate with impeachment proceedings against donald trump. The letter calls the process constitutionally illegitimate and claims democrats are seeking to deprive the American People of their president. Earlier, the Trump Administration blocked a key figure from testifying at an impeachment hearing. Gordon sondland, the Us Ambassador to the eu, was going to be asked whether he urged ukraine to investigate the former Vice President joe biden and his son. He released a statement saying hed been directed to stay away. Laura trevelyan has more from washington. Hes the manor House Democrats wa nted he