Poor globalise continue to face an unprecedented challenge is that from the corner Virus Outbreak several in this thread any teams are in a lockdown plus the Australian Company has been called off the day after on the climb them but tested positive. Ok lets get going beginning this news with the Global Financial markets the fallout from the coronavirus pandemic has sent stocks into negative territory not seen in 3 decades the u. S. Markets so their biggest one day losses since the crash of 1987 after that asian markets dipped by as much as 10 percent on friday then they did rebound slightly but so far trading in europe is going in the opposite direction meanwhile this fast moving story is seeing governments taking tougher measures to. Stop the spread of the virus while trying to calm the fears of people facing layoffs a change in their travel plans and children who arent in school lets get right to it starts off we have rob mcbride in seoul to take in the developments across asia and e
With second largest point gain on record. Up 1,173 points yesterday for the duh industrials, that was 4 and a half percent. Nasdaq was up 334 points. About 4 . The s p 500 also higher by a quarter percent with a gain of 127 points. Coronavirus, crisis continues, california declares state of emergency as the number of patients in the golden state rises, the house passing 8. 3 billion bill to bat it will virus, the senate due to vote on that today. United and jetblue cutting flights to the United States, all that coming up. Samestore shelves, heared out of clorox and canned soups. Senator Bernie Sanders releasing ad barack obama praising him and joe biden hitting back and Mike Bloombergs expensive run to the end and is Elizabeth Warren coming next . Mornings with maria is live right now. Maria we begin with another volatile day in markets this morning. Take a look at markets overseas as we sea big selloff in the u. S. Cac quarante in paris down 91 and dax index in germly lower 120 points
In the red the cost be index that south koreas index down 3 and a half percent more than one percent drop in the hang seng index from hong kong all of this volatility has had a number of the Central Bank Executives running around meeting with their counterparts in finance ministries in the capitals of asia really looking at strategies for should they intervene can they intervene to strategies like buying back bonds to support the markets maybe cutting Interest Rates but of course central bank Interest Rates are already at historical lows in japan its 0 kenya now confirming its 1st case of coronavirus it is reportedly a woman who traveled both to the United States and london. This. Was. On the 12th which was. The 1st one to be in kenya since the beginning of the outbreak in china. Yes it is ok yes it isnt. Troubled but you know robi its only from the United States of america. United kingdom on the 5th of march. In the u. S. A Top Health Official says the government is failing to account
Reaches 514. And its game over for the English Premier League for these the next 3 weeks because of the virus. Hello the World Health Organization has warned that any country not moving to take tough measures against corona virus is making a deadly mistake it says europe is now the epicenter of the outbreak nations across the world are announcing drastic new measures to contain the virus spain has declared a state of emergency from saturday allowing the government to confine people and evacuated buildings Security Forces are being deployed to clear the streets right across iran in the next 24 hours and more global sporting events have been hit with the English Premier League suspended until at least april and 2 more formula one race is called off well the markets in europe in the u. S. Rose earlier after historic falls on thursday but the gains that faded and asian markets closed in negative territory well italy has reported another huge rise in its death toll from the virus jumping 25
Nationwide as its death toll reaches 514. 00. In sport the English Premier League is suspended and may not be finished 2 to coronavirus none of the 6 Club Officials have met in london all games are all some slight least the start of i will. Follow the u. S. President has declared a National Emergency over the coronavirus pandemic because the number of cases raises a cross the country donald trump described the next 8 weeks as critical to fighting the respiratory illness he said half a 1000000 coronavirus tests will be available as early as next week and urged every state to set up Emergency Centers to treat patients. To unleash the full power of the federal government that the separate today i am officially declaring a National Emergency 2 very big words the action i am taking will open up access to up to 50000000000. 00 of very importantly very important and a large about of money for states and territories or localities in our shared fight against this disease in furtherance of the o