Transcripts For ALJAZ NEWSHOUR 20240713 : comparemela.com

Transcripts For ALJAZ NEWSHOUR 20240713

Number of coronavirus deaths in england and wales could be 41 percent higher than the government has been reporting. A dire warning from the u. N. The number of people going hungry around the world could double because of the pandemic. Chortle for you cheers citizens is to differ on earth to choose to do what we can. Also this will need the volunteers helping to boost irans response to the pandemic. And im piece them to the sport huey for and its Member Associations are holding a teleconference on tuesday to try and work out a way to finish the football season. Us President Donald Trump declaring that he will suspend immigration into the United States via an executive order the u. S. President on twitter said thats in risk. Of the coronavirus pandemic referring to. The invisible enemy added that he has to protect american jobs the announcement drew swift condemnation from some in the u. S. Democratic party the who accused mr trump of distracting people from what they described as his full response to the outbreak john hendren has more from chicago the president issued this tweet in the dark of night and he seemed to do that for good reason he could have made this announcement at his daily News Conference where he talks about the coronavirus and all of the actions the administration is taking but by issuing this mysterious tweet late on a monday night he gets the morning news cycles where the newspapers d in the morning shows talking about what hes had to say and then in the afternoon he gets another round where he explains what his policy is and then it gets to gestate and analyzed again and the president wants to show that hes doing something the centers for Disease Control just a month ago in a little known action. Issued an order that allowed the United States to stop people at the border who didnt have the proper papers and because of the pandemic that order allows them to send people back summarily no Court Hearing no chance for asylum theyre sent back automatically and now the president is expanding that to include any immigration from anywhere ok lets bring in thomas gifts he specializes in u. S. Politics hes a lecturer at University College london thomas welcome back to the news here on aljazeera so he wants to see if its 22000000 jobs that have already disappeared whats the safeguarding. Well i think this is more about optics than it is about economics theres certainly a conceptual difference here between shutting down orders from x. For all travel to many countries of course that done to ice league team the spread of 19 now actually new can substitute reforms to immigration policy trump does insist that suspending immigration is meant to protect jobs in the u. S. As unemployment has escalated economists can debate about but i think largely what trump is trying to use exploder political opportunity here of course and stricter immigration policy has been one of the president s remarks he issues since he entered the white house as reflected by well his National Emergency that he knew where to go the Us Mexico Border wall is that her to temporarily ban immigration from muslim majority countries and so on and so i think that this effort very much plays into that narrative and thinks that its a political winner a moms conservative base he tweets its in the middle of the nights his time washington time does that mean that we will see a not dissimilar process through a process weve seen before say when it comes to Foreign Policy on twitter there is a distinct rowing back and somebody will give us clarity on this over the coming couple of days thats very possible i mean there is a lot of uncertainty about what he actually meant by the substance of it its tweets and oftentimes these tend to be so cryptic so we may see either a lot of this. Officials with him in his administration or he may decide to just press ahead with this as he intended and so at this point theres just a lot of one certainty n. A lot of parity that hopefully will be getting more in the coming days how do you think this will get on with his base. Well i think that this will go well with these base because again spirit wants to get into the broader political narrative of a skeptical more hardline stance toward immigration but of course its also going to elicit a lot of criticism from democrats that they are going to portray this as an instance the zenith moving blame shifting there or in suggesting that this is an example trying trying to find a scapegoat for what they perceive as that mishandling of the crisis so far and so it probably is going play well among conservatives and i think its going to play less well among the impulse which is consistent with this polarization im cintra president forgive me thomas if my next question sounds slightly naive and quite tabloid i guess in a way but you know the pictures that are coming out of america now yesterday looking on social media we have nurses wearing face masks and their i. C. U. Nursing uniforms squaring off against demonstrators protesters in trucks wearing paramilitary fits shouting and pumping their horns all the parts of america where americans are beginning to lose the plot over this. Well i think thats a really apt description at the same time you know youre hoping that some of the. Instances are more isolated than not and of course that leaves more intense and kind of focus on leads. On these particular picture particular images but certainly i think if anything the 900 is further and trenching a lot of the polarization that weve already witnessed in the United States in the past we have mirrors over the trunk presidency and i think Going Forward these movements and i dont see anything except for the i mean this mr trump do you think can he can he maintain his position which he seems to be squaring off against individual states govern as well he certainly seems prepared to signal to them that he will you know talking about time to liberate i think it was 3 states that he mentioned on twitter what 4 days ago thats very Strong Language very authoritarian language it is quite provocative to say dont we stand trial continues to insist essentially that yes fall of the war here over when and how the various states open up in the coming. Months the reality however is that under the federalist u. S. System a lot of these situations the. For those kinds of choices are actually left to the individual governors so theres also going to be very much a local battle but we didnt questions as well so muskets told us 70 thanks thank you bill. For the 1st time in the history of the United States u. S. Oil prices have crashed below 0 and into negative territory the futures figure has since come back to about 2. 00 per barrel while brant crude the International Benchmark has fallen to just under 20. 00 a barrel we have 3 correspondents covering the story for us here on the news our economics editor of it ali will have more about what that means and what could happen next osullivans of aids and doha with the impact on the gulf region untypical pollens in hong kong looking at the asian markets and their reaction will speak to them all after this report from the u. S. And our correspondent there and alex. At the beginning of 2020 a barrel of u. S. Crude oil cost around 60. 00 then came the coronavirus pandemic forcing states toward a lock downs emptying streets closing businesses and shuttering factories across the nation demand dried up and the price fell to 18. 00 on monday things took a catastrophic turn for the 1st time in history u. S. Oil went to to negative territory a doomsday scenario for the entire industry President Trump called the drop interesting despite the crash it in the stock market were filling up our National Petroleum reserves through dziedzic you know the Strategic Reserves. And were looking to put as much as 75000000. 00 barrels into the reserves themselves that would top it out that would be the 1st time in a long time its been tapped out would get it for the right price capacity though both on land and sea in the United States is filling up since march stockpiles in some locations have risen by 50 percent in some places the price of fuel is now at a 10 year low demand is down theres no certainty when states will reopen and all of this comes as a severe blow to President Donald Trump is going to grow. Lengths to protect the oil sector working with both russia and opec to reduce production now the entire Global Industry is in a not precedented crisis the Historic Deal to slash production by millions of barrels a day involved saudi arabia russia and other Oil Producing nations but experts say another global effort is needed were probably down a 1000000 from our normal 10000000 barrels down to about 9 that probably needs to come down some more but all the other Oil Producing countries need to do the same until the economy recovers the plunging price is a driven by trading deadlines oil is traded on its future price contracts are due to expire on tuesday why is it virtually nonexistent some trade is now paying to get rid of oil instead of buying it but president says the industry will bounce back they got caught and there are a lot of people that are not too happy because they got caught so if you take a look at it youll see its more of a financial thing than an Oil Situation but because you take i believe in a month or so and go a little bit its a 25. 00 and 28. 00 or so its largely a financial squeeze. If there is a Silver Lining those on the frontlines of the coronavirus will pay less to fuel they cause a recovery in demand for oil is now dependent on a crisis that in many parts of the u. S. Is far from over and we gallacher aljazeera Miami Florida ok lets bring in the 1st of our correspondents covering the story our economics editor of it ali joins us from london up at what has to change will shift for the price to go back to some place where its less astonishing than is at the moment. You know peter lets just discuss the baseball a moment just think back to friday if the price of crude was 18. 00 a barrel now each contract is worth 1000. 00 barrels of oil so that would have been 18000. 00 in the hands of traders but they cant sell those on to anybody and i having to give that away right to this at this moment they have to pay 3000. 00 force people to take that contract off them they cant sell their oil to anybody and. The situation will only change if opec and the United States get back together and they start to think seriously about how theyre going to reduce the amount of oil that they reason out there at this present moment theres more than 35000000. 00 barrels in circulation which have which which are not useful to anybody at this present time and so we need to figure out how to get rid of those 35000000. 00 barrels that would me russia United States and saudi arabia shutting down production but thats not practical because if you shut down pratfall you can damage wells so it needs a collective help from from everyone around the world the other thing that the United States can do is is that offer up the Strategic Research to allow corporations to actually store away their oil in those corporate in those that are in the Strategic Reserve and thats something that theyre going to consider and the u. S. Is also considering haying Oil Companies to keep oil in in the oil well so that they dont pump it out thats just some of the ideas that of being floated at this present moment looking a longer timescale perhaps a bid for the past month or 6 weeks or so we have been talking about the impact of coronavirus possibly pushing the the worlds towards a global recession could this situation with the cost the pricing of oil pushed the Global Economy not from recession but into a depression. Youre youre absolutely right we could be headed in that direction some of the numbers that we have got from governments from the i. M. F. Suggesting that so you know contraction in the economy in the 2nd quarter alone could be about 35 percent thats a stranded staggering fault for any economy and Going Forward to try and get economies going its like turning around a supertanker its a slow process to get everyone working in the same direction to get all that conks going in the economy so we are looking. At an economic recession down the line could be did depression that all depends on how well what governments do at this present moment and theyre doing massive not so mired in specially in the ritual but just think about those poor nations think about nigeria it may be the biggest economy in africa but right now with oil prices at 20. 00 a barrel it needs to balance its budget at 8. 00 a barrel needs oil prices 80 dollars a barrel its having to forest 7000000000. 00 wrong the i. M. F. And the world bank to see it through the krona pound only a bit out in london thanks very much lets go to a summer binge of aids here in doha so theres always a Ripple Effect whats the effect in the Traditional Oil manufacturing areas. Well the middle east and north africa region especially here in the Gulf Cooperation Council a youve already begun to see the impact of the crash at its lowest point since after the 2nd world war in 1946 weve seen the saudi stock market which is the largest in the region drop weve seen the value of saudi aramco the Largest Oil Company drop weve seen blips in divorces across the g. C. C. So yes yes it was w. T. R. Yes it wasnt brant crude which is the international brant bug but yet that Ripple Effect has already been felt and it is worth noting that these this region specifically in the g. C. C. Is dependent on hydrocarbon exports they run their budgets are based on hydrocarbon theres just too much oil too for for them to sell everybody wants to sell and nobody wants to buy and that is primarily because of a global slowdown be people are not driving people are getting on planes and need an industrial sectors are shut. The biggest buyer of the world in the developing world that is trying in india are not buying as much oil as people had and dissipated and adds up with the sea that we are seeing in excess of 30000000 barrels now being floated around that nobody wants it is going to be a very difficult had to pull a trick to pull out of the hat for these economies to balance themselves and its not just a traditional economy that here were talking about is the 2nd largest producer among nations is iraq and it is going to find it difficult to pay salaries it is being hit by a double whammy the contraction economy because of the could on a virus it is having to borrow money for that in addition to that if it cannot sell oil on the price that it had projected it will not be able to be basic salaries salaries of people who are not just switching on the light and bringing water to people salaries of people who are on the front lines fighting against isis. So it is going to have a major ripple in effect if prices of oil are not standardized and stabilized and opec plus isnt dissipated to come into action were already hearing reports about the saudi government which had agreed to cut about 10000000. 00 barrels of oil from the Global Oil Supply chain among with opec plus the asians are planning to push ahead its reduction earlier but again big because there is so much glut and theres so much reduction in demand all of these nations will have to do a lot more if they want to balance their budgets and see if their economies was on offense very much. European trading day of course well up and running european stock markets opened lower today after the u. S. Oil price crash last night overnight the pan european stock 600. 00 fell about one percent of the start of trade londons footsie fell down dipping their 1. 7 percent well Frankfurts Dax and one of the main exchanges in paris well they both said 2 percent this was the worst day for about a month for asian stocks tokyos nikkei finished almost 2 percent Hong Kong Sydney and seoul dropping about one percentage point each loss is 2 in shanghai and singapore live now to hong kong and our correspondent following those crucial asian markets did you go parlance or did you have they rallied a tall today during the course of the trading day. Well peter they have all ended the day in the red it all in negative territory and what theyre reacting to is not necessarily just the price of oil those historic lows theyre also reacting to the narrative the message that the u. S. The worlds Top Crude Oil producer is sending its economy has already been hit by the pandemic and now its saying that its going to be a massive uphill battle to get the economy back on its feet and the reverberations for of that on the Global Economy is making investors here in asia very nervous so it sent stock markets. Plunging not necessarily massive amounts but enough to make investors here very uncomfortable now one of the stock markets that ive been watching closely throughout the day is chinas markets the shanghai composite in the index and the shenzhen composite index and whats interesting is that has dropped of course throughout the day but its ended the day just under one percent and investors are saying that the main r

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