Discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could hard this year want the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were ready to support growth the Federal Reserve cut rates by a half a percentage point its 1st emergency cut since the financial crisis in 2008 now whether Central Banks have the firepower after more than 700. 00 rate cuts and trillions in buying off the financial crisis is another question after all that it. The stock markets that benefited most from the rate cuts little trickle down into the real economy but unlike the 2008 crisis where banks needed a desperate infusi
00 im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems with inside a lab thats working to find a vaccine to fight the virus and Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be environmentally damaging. The worlds factory has been shuttered supply chains have been broken flights of been grounded tourism decimated thats the real world consequence of the coronavirus and the epidemic has yet to peak outside china growth could ha this year will the o. E. C. D. To 1. 5 percent from its previous forecast of 2. 9 percent growth below 2 and a half percent indicates a global recession as markets crashed Central Banks stepped forward to say that they were read
Well keep digging for answers and come back with them as we have them. Julian glover, abc 7 news. Getting people off the grand princess cruise ship is taking longer than expected. This morning some passengers are still onboard and others had to wait on charter buses before they got to go. Amy hollyfield joins us in oakland with that part of the story. Good morning, amy. Good morning, jobina. Hard to imagine there are more than 1,000 passengers still stuck on this ship. And many of them say they are tired of being onboard. They are ready for land. The ship got here on monday. Here we are on wednesday. But unloading it has been a slow, tedious process. Health care workers are screening everyone and then determining where they need to go. A military base for quarantine, a flight back to their country, a hospital, so, organizing everyone is taking a lot of time. We talked to some people who are still onboard. They are sick of being there and they are really sick of the food. I think the ma
To these sprinkles to light showers. Lets broaden it out and see theyre moving from northeast to southwest. Theyre rotating from land over to the ocean. And notice i put the clouds on here. If you go up into the north bay, the usual wet spot, they dont have any clouds. Its quiet up there. 101 and 880. And it looks pretty dry. A lot of it is evaporating before it reaches the ground. 60 to 64 with a mix of sun and clouds at noon. Well keep the chance of stray showers in the north bay going through the afternoon hours. Heres jobina. Thank you, mike. Good morning, everyone. Were talking about san jose right now. We have a look here showing 280. Very Clear Conditions down there this morning. No major issues coming in and the Road Construction has been picked up since it is now 5 00. Good news for your commute. Looking live in san rafael. This is 101. Some people out there interesting to see how this will all impact us as far as people working from home. Will there be more cars . Ill let you
Mixture of sun and clouds and still some drops possible in the south bay and just a couple degrees cooler than yesterday. 59 at the coast near 70 else where and then at 7 00, 53 at the coast. Low to mid60s for the rest of us. Hi, jobina. Goodern moi morning, everyon. 6 01 and well start out with live cameras in just a moment. Beginning with the richmond, san rafael bridge. Well see things pick up and once you hop on the bridge, smooth sailing from there as you travel westbound and drive times here albany to the maze and fremont to san jose 14 minutes and highway 10 to cupertino. Leave you with a look at the map so you can see not a lot of slow spots and at the toll plaza metering lights and let me be specific those metering lights at 5 35 this morning. Our big story right now, three tsa workers at San Jose Mineta International airport have all tested positive. All tsa employees they had contact with tested positive at home. Concerns that are causing drastic cuts to u. S. Airlines. Juli