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 agreement so i suppose people were fearing the opening of the markets was it even worse and some people feared. I think it was a perfect storm the oil prices and growing concerns about coronavirus here in the United States that spooked investors sending the markets plummeting from the opening bell and they bend down they remain down at this hour theyve been down all day right now the s. And p. 500 the dow jones are trading 7 percent lower after whats been a couple very tumultuous weeks we have news that there are more people sick in the United States more people staying home less people traveling that has the markets worried in general add to that the lower demand for oil in an inability of the russians and the saudis to come to a deal on reducing production the saudis slashing their prices and oil trading so low and youve got a real dire situation here the Federal Reserve attempted to take some steps to kind of keep money flowing through the markets but theres a lot of concern that this is finally catching up to not just wall street but main street as the impacts the coronavirus become clear on businesses one thing about the oil prices and stocks in general being down about oil prices in particular being down that. Investors tend to put their money into safer havens like government bonds and gold theyve been doing that and now treasury bond yields are at their lowest record levels ever and that along with oil prices are seen as signs barometers if you will that the economy is struggling and you starting to hear people talk more and more about the possibility of this turning into a recession if things continue along this trajectory right now when the stock market was shut down earlier in the day because it plunged more than 7 percent it kicked in this automatic shutdown in order to slow things down and give investors time to rethink and regroup that. Triggered when that went down to. The levels of the market were close to bear market territory were basically at this Tipping Point where if stocks continue to fall down it will reverse like the last 11 years where the market has been in a growing or bull market state to a bear market where things are starting to slide into the negative and thats something that has investors concerned Going Forward and were seeing the play out before us with less than an hour to go now until the closing bell today because a salumi with the latest from new york kristen thank you. Well that this feud between saudi arabia and russia could see Global Oil Markets flooded at a time when demand these already low lexia brian looks at the possible fallout. Oil prices have fallen by as much as 30 percent the steepest drop in almost 30 years a crisis described as heaven no equal in oil markets history the market turmoil began when saudi arabia the Worlds Largest oil exporter started a price war by announcing plans to boost production that followed fridays meeting in vienna by the organization of the Petroleum Exporting countries pick russia refused to join the cartels plan to reduce production at countering the decline in demand from china usually the worlds Biggest Energy consumer but damaged by the coronavirus crisis. The saudis are angry because other countries like russia are unwilling to participate in Oil Production cuts so this we will show you the bosses we can produce at much lower costs. But the oil price lump could have widespread consequences beyond hissing already just to remarket the International Monetary fund suggest saudi arabia needs prices to be at about 80. 00 a barrel to balance its budget the price fall will also hurt major Oil Producing nations venezuela and iran already under pressure from u. S. Sanctions a prolonged price collapse could mean they struggle to fund things like education and health care especially vital sharing the global corona virus outbreak. Spread of white as is going to continue. In the Capital Markets because. It has caused huge damage to the Global Economic americas Shale Oil Industry could also be in trouble it needs prices to be relatively high to make a profit Many Companies a heavily indebted and may not be able to make repayments leading to job cuts this seems to be the kind of move that russian leaders might have actually decided was in their interests that low oil prices are not good for russias economy but if it causes even more pain to the u. S. Economy it might be something that theyd be interested in the consumers though it could mean less pain at the pump with the price of petrol expected to fall. Aljazeera. Meanwhile coronavirus has continued to spread around the world as though there are signs of hope in asia not so many so far at least in italy where 6 prisoners have died in more than an hour after riots broke out in several prisons when inmates were told that a new emergency decree restricted face to face visits with relatives the current virus has now killed 366 people initially it ran meanwhile is temporarily released 70000 prisoners the country has reported another 43. 00 deaths from corona virus raising the total to 237. 00 with more than 7000. 00 infected south korea reported another 96. 00 cases on monday taking its total infection to 7478 but the rate of increase has slowed to its lowest in 11 days where european leaders are preparing to hold an emergency teleconference on the virus on tuesday should hold reports now on the situation across the continent. Italys coronavirus at the Democrat Read of the 2nd most deadly after china has taken another dramatic turn riots in 2 dozen prisons across the country followed restrictions on face to face visit in modern or a town inside the northern Quarantine Zone 6 inmates died after they broke into the prison infirmary and overdosed on stocks of the heroin substitute methadone. As a warning they posted some posters such say we can only go inside wearing a mask that only along the zits of one Family Member at a time. This was a hint of what chaos might in syria if the virus were to enter the confines of the prison system it is almost everywhere else in italy where a quarter of the population is under quarantine these were rare scenes filmed inside a hospital in the northern town of cremona and also on lockdown the Financial Capital milan one of the engines of the economy europes major stock markets from milan to frankfurt paris and london all suffered dramatic falls on monday with share prices plummeting as the infection rate saws the Economic Impact is already substantial and will only grow there it discomforting comparisons being made to the 2008 financial crisis with concerns for the preparedness of european banks and businesses on tuesday e. U. Leaders will meet to try and come up with a unified response but they wont meet here in person in brussels with its steadily growing infection rate instead theyll be holding a tele conference the circumstances of this unique crisis continue to evolve although not yet into a pandemic says the World Health Organization in which transmission of the virus is uncontrolled now that the virus has a foothold in so many countries. The threat of a pandemic has become very real. But it would be the 3rd spondaic in history that could be controlled the bottom line is we are not at the mercy of the virus there are signs of success against the virus in china south korea and singapore but not yet in europe spain looks set to launch whats being described as Shock Therapy measures possibly following france and germany with School Closures and restricted public gatherings news the German Bundesliga football matches might be cancelled wasnt welcomed. I think its totally exaggerated its a bit threatening particularly this area of course but i think the hype is completely data rated these are moves the government in britain is not yet prepared to make apparently to defer the enormous social and economic costs of fighting coronavirus but there will likely be no avoiding them jonah how aljazeera israel meanwhile has become the 1st country 24 some mandatory 2 week quarantine for all new arrivals as it tries to limit the spread of the virus the says it applies to both citizens and tourists who are most of the complex discussions we reached a decision everyone who comes to israel from abroad will be put on a 14 day quarantine this is necessary to protect Public HealthPublic Health comes before Everything Else this decision will be valid for 2 weeks at the same time we are making decisions to maintain the israeli economy. U. S. President donald trump is on his way back to washington to meet his economic advisers and discuss the governments response to coronavirus us media reports that measure is being considered are paid sick leave aid for Small Businesses and tax the fur rolls for the travel industry the trumpets played down the threat of the virus and was seen shaking hands with supporters in florida hes blamed the stock market plunge on the saudi russia oil dispute and described concerns over the outbreak as quote news a White House Correspondent kimberly how could joins us live now from washington d. C. So were continuing to see these conflicting messages are we can believe coming out of the white house over the coronavirus. Yeah absolutely even as the president continues to downplay not only the impact that this has had so far in the United States we see the Public Health officials in the United States issuing fairly dire warnings 1st of all lets talk about the president with regard to him continuing to essentially minimize the risk in terms of the public tweets that hes been sending out once again kind of comparing the risk of corona virus to the common flu one of his tweets today so last year 37 americans died from the common flu an average of between 27070000 per year nothing is shut down life in the economy go on but as we can see the economy is not going on and thats why weve seen not only the nervous markets but as you have reported there are options being presented to the president by his economic advisers and how to mitigate some of the impacts that were already seeing in terms of things that can be done to try and minimize the impact whether it be individuals businesses industry and in the midst of all of this Public Health officials are now issuing a warning to those in the United States that are perhaps of advanced age or have pride. Immune systems to begin stockpiling not only the food they might need to self quarantine or even enforce quarantine but also medicines as well if they have to treat themselves or even some of the regular medicines that they might take so there is already disruption going on in the United States not just from those who might be infected we know we have 500. 00 plus cases but there is real fear now that there is not a lot of confidence in the messaging coming out of the white house given the fact that it is so conflicting we should say very quickly as well the house and the senate up on capitol hill in the u. S. Congress they are convening this evening as well to see what legislative steps they can take to minimize the impact of coronavirus to ordinary americans as well as industry you know be interesting to see what comes out of that for the moment kimberly how kind of the white house thank you and a cruise ship thats been forced to stay off the coast of california for the past 4 days has just been allowed to dock in oakland at least 21 people on board the grand princess cruise the coronavirus the ship is carrying more than 3 and a half 1000 people and was barred from returning to port in San Francisco because of the infections fences surround the oakland ports and buses have been lined up to take passengers into medical care or quarantine crew members will be quarantined and treated on board. Well still to come in this half hour after opening turkeys border with greece for refugees and migrants turkeys president heads to brussels to push the e. U. To share the burden and in a fight for their lives women across latin america stopped work to demand the full rights and more action against gender based violence. Had other sells more all the west and windy weather heading out across the northwest and indeed across into Northern Europe at the same time weve got some very unsettled the pushing through the eastern end of the med but is notes all doom and gloom have a look at this this is the free ride world tour you go skiing is an snowboarders alike taking part in this event and just look at it this is coming from the austrian alps some beautiful clear blue skies and lots of fresh snow the small fresh snow as well as we go through tuesday once again accumulating along the line of the alst but the rain that is in the wake of that across france the low countries much of germany quite heavy at times and also pushing up in to denmark and southern areas of norway and sweden meanwhile weve got quite a blustery flow across much of the u. K. Will into more showers as well but it is a much better picture tuesday throughout much of the mediterranean and in fact even better as we head through wednesday but the rain showers still across northern sections of mainland europe it remains malvo for many areas who got to 16 degrees in 08 and really warming up across the southwest 25 degrees celsius and madrid now the systems that have been pushing through the med continuing to really impact these northern coastal areas of africa particularly on throughout geria tunisia and libya and keeping things cool as well just 14 celsius in tripoli. 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And some positive news on the outbreak despite more reported cases in south korea the rate of increase is the lowest that its been in 11 days while china has reported its lowest number of new infections since january. At least 43 people are dead in booking a fast so after gunmen attacked 2 villages in the north of the country the military has been sent to secure the villages in the north a region close to the border with mali nobody has claimed responsibility but the villages are inhabited by ethnic full army herders who are often targeted by vigilantes for their alleged links to eisele and al qaida. So that this Prime Minister of the law has survived what the government is calling an assassination attempt a convoy of cars carrying the leader was attacked by a roadside bomb and gunfire in the capital khartoum doc escaped without injury people morgan has more now from the scene. The monday morning attack happened in the capital hard to name Prime Minister abdullah who was in a convoy of cars when a roadside bomb blast was followed by gunshots he survived the attempt on his life but the Police Motorbike rider was injured within a couple of hours a photo to prove in his words that hes in good shape and vowed that the attack one gets in the way of saddams transition the government says it was a targeted attack and investigations are underway into who carried it out. And were not we know that there are people w