Storm is now coming to all the seas theres a. New york is in crisis helping new york. Another appeal from the governor of americas worst hit state is new york records more than 100000 coronavirus cases and nearly 3000 deaths. And far from a bed of roses thousands of workers at flower farms in kenya lose their jobs. So then the managing director of the International Monetary fund has announced that a global recession is taking place to to the code 1009. 111. 00 Global Markets and that a one trillion dollar war chest is at their disposal if needed. This is a crisis like no there never in the history of the i. M. F. We have witnessed the World Economy coming to a stand still we are now in recession it these way worse then the Global Financial crisis we can have one trillion dollars war chest and we are determined to use as much as necessary in debt protecting the economy from this current of this crisis straight to our diplomatic editor james bays whos at the United Nations james the i. M
Coffee 1000. 00 storm is now coming to all the sea theres of course. The u. N. Renews its call for a global ceasefire to help combat the virus. New york is in crisis helping new york. Another appeal from the governor of americas worst hit state is new york records more than 100000 coronavirus cases and nearly 3000 deaths. And almost right for picking but australian farmers fear their fruit will rot if they cant get enough workers. So then the financial damage caused by the coronavirus pandemic is now quote way worse than the 2008 Global Financial crisis the stark warning has come from the head of the International Monetary fund Christina Georgieva says the trillion dollar war chest will now be used to fight what shes calling a worldwide recession this is a crisis like no other. Never in the history of the i. M. F. We have witnessed the World Economy coming to a stand still we are now in recession it is way worse then the Global Financial crisis we have one trillion dollars war chest an
Winning american soul singer bill withers has died at the age of 81. 00. Millions across china have stood in silence to honor the more than 3000 people who died from corona virus much of the country came to a stop 2 hours ago. From beijing to woo han and hundreds of other towns and cities sirens sounded to mark the socalled martyrs day china claims to have now curb the spread of the virus but some restrictions have been tightened again to prevent a 2nd wave of infection 82000 confirmed cases in china but most have already recovered well katrina you joins us live now from beijing katrina so a very poignant reminder there to everyone in the country the pandemic still presents a real and deadly danger. Thats right at 10 am here local time for 3 minutes the entire country stood still flags were flown at half mast people stopped with i was standing with their heads bowed traffic was stopped and sirens around all the country was wailing and people who had boats or cars were also encouraged t
Moderna theyre looking forward to move to vaccine testing. Were heeding warnings of social distancing. Were separating out. Were over an hour from the latest virus tax force briefing. What can we expect . I dont know. Here is what larry kudlow told me of possible stimulus. Roll the tape. Well reach for every available way to mitigate and stem and undergird both the health side and the economic side. Stuart his actual expression was, whatever it takes. All of that and more on making money. Stuart were sinking. Stocks are sinking across the board. There is economic uncertainty. The fed stepped in with rate cuts and injection of cash. Right now weve got the markets off of their lows of the day but only just. Here is an old friend of mine, old colleague, market watcher shah gilani. All right, shah, we saw this morning at the opening bell. We dropped 7 . Reopened the market. We dropped 12 . I was inclined to think that was the washout selling, catastrophe selling, the capitulation selling t
Power during the 20 levon revolution. Im. Off for the 1st time since the corona Virus Outbreak began the number of new infections outside china has exceeded the number within 37 countries have tallied 427 new cases or beijing says its counted 411 earlier the World Health Organization warns immediate action is needed to prevent it becoming a pandemic where its widespread around the world one country seen rising fatalities is iran at least 19 people have died there 130 have contracted the virus including the Deputy Health minister in south korea the number of cases has passed 1200 the largest number of infections outside Mainland China churches have cancelled religious services and. Pand tries to limit the spread Prime Minister shinzo abbe has called for supporting and cultural events to be delayed by 2 weeks or cancelled entirely well the rounds president Hassan Rouhani has announced further measures to tackle the spread of coronavirus inside iran he defended the governments handling of