the us is poised to pass its third major spending package of the pandemic — a $1.9 trillion plan that president biden has championed as a way to help struggling americans. the senate approved it on saturday, and later today the house of representatives is due to vote on the senate's version of the bill. the plan calls on the government to send out $1400 per person to those on lower incomes — that's anyone who earns less than $75,000. so will this be enough to boost the economy? joining me now from miami is chris campbell, chief strategist at duff & phelps. good morning and welcome to the programme, although it is not morning where you are, i am well aware of that. how much of a game changer is this stimulus for americans? a game changer is this stimulus foramericans? i a game changer is this stimulus for americans?— for americans? i think many americans — for americans? i think many americans - _ for americans? i think many americans - $75,000 - for americans? i think many americans - $75,000 is - for americans? i think many i americans - $75,000 is more americans — $75,000 is more than the medium income for most medium families in the us and that means the majority of americans will get a significant amount of relief and perhaps as a family of four would get about $4000 so it is going to be meaningful and a lot of money to the average american. 0ur lot of money to the average american. our economy has been largely closed so saving rates are up anyway but there are some fears that this large shot in the arm, fiscal money going to focus is going to cause inflation but it has been difficult and it has been difficult and it has been difficult around the world. i was going to ask about the inflationary response. is it given that people will go out and spend that money or will they be spending it on critical items just like food and getting by? itemsjust like food and getting by?— getting by? there's unemployment - getting by? there's - unemployment insurance as getting by? there's _ unemployment insurance as well embedded in this bill as well as other packages and issues that will help the average american get back to work. one of the major challenges is if you are paying people not to go to work at a time when the economy is reopening, there is perhaps a fear that it will delay people going back into the workforce but i think most economists are suggesting that we will see a spike in inflation because of the large amount of money the federal reserve is pumping and will be pumping to be able to pay for the bills. and it will raise the bills. and it will raise the costs because so many americans will go out and largely have a spending spree. in terms of help for businesses, some industries have been taken out almost by this pandemic. what aid has been added by this third stimulus bill?— been added by this third stimulus bill? ., , ., ., stimulus bill? largely more of the same _ stimulus bill? largely more of the same but _ stimulus bill? largely more of the same but somewhat - stimulus bill? largely more of the same but somewhat morej the same but somewhat more targeted. small businesses with additional lending, service components for airlines and the hospitality industry has targeted relief as well as targeted relief as well as targeted relief as well as targeted relief for small businesses including restaurants so those that have been largely impacted but not helped from the previous two bills that have been passed by the us congress to have target relief coming and it is on its way. this package is going to be great. it may come a little too late in that our economy is already reopening in many us states and what has been found to mention is that it will pass on party lines and will put a damper on future deals in his presidency. we damper on future deals in his presidency-— presidency. we are very familiar— presidency. we are very familiar with _ presidency. we are very familiar with that - presidency. we are very familiar with that and i presidency. we are very| familiar with that and we presidency. we are very - familiar with that and we will watch this space. shares of gamestop, which surged over 2,000% injanuary, rose over 40% during monday's trading session, as expectations that retail investors may soon use their stimulus cheques to once again buy in the equity market. 0ther stocks favored by retail investors on forums such as reddit�*s wall—street—bets also rallied. our technology reporter james clayton has more from san francisco. there are lots of theories as to why this is happening. 0ne to why this is happening. one is a big investor in gamestop, ryan cohen, has decided to get more involved in digital strategy. in normal times that would not do much to the share price but it is enough, a kernel that people can get energised about and people start pumping up, hyping up the stockjust start pumping up, hyping up the stock just like they start pumping up, hyping up the stockjust like they did in january. the other theory is that there is a big stimulus and everyone is gonna get a checkin and everyone is gonna get a check in america and lots of people are going to have a load of money at one of the theories about retail trading did so well last year is because people were using that stimulus checks and perhaps this time people will use their stimulus checks again to invest more in the stock market and a lot of people who are amateur investors have been investing investors have been investing in gamestop. it looks like other people are putting money into it and so people will follow. there we go by on the rumour. sell on the stock. let's see how the asian markets are faring today. a bit ofa a bit of a mixed victory. there is optimism on the whole about the recovery of the global economy. the us stimulus happening and the impact it will have. in the us tech stocks were hit because the worries if there is inflationary pressure, these overinflated shares may take another hit in the future so people selling out when it comes to tech. the high profile delisting of chinese energy giant cno0c from the new york stock exchange begins today. that follows an executive order by previous us president donald trump, and effectively bars us investors from directly investing into the company. joining me now from singapore is mariko 0i. with a new presidency in the us we have a kind of forgotten about this but it is happening today. about this but it is happening toda . . today. indeed and it follows the delisting _ today. indeed and it follows the delisting three - today. indeed and it follows the delisting three other. the delisting three other chinese telecom giants at the beginning of the year and it complies to the executive order issued by former president donald trump which basically adds us investment in companies which washington says have ties to the chinese military. the joe biden administration does not seem to be changing the course at least for now. map software and cloud services company would be removed from the nasdaq injust under a week while for other companies have also been blacklisted and if you speak to analysts they say that others are under threat. before the executive order was signed in november, there were more than 200 chinese companies listed on the us stock exchange with a total market cap of 2.2 trillion dollars. those chinese companies are also listed in hong kong as well and their shares have actually risen as a mainland chinese investors put money there. it means tension between washington and beijing remain. the uk may be leading europe on the vaccine rollout but when it comes to recruitment, the uk is the least optimistic country in the region. according to manpower�*s latest employment outlook survey, it has the weakest outlook for new hires in 30 years — much worse than in the 2008—9 crisis. but the hope remains that confidence will snap back as the economy re—opens — particularly for larger companies. joining me now is chris gray, uk director of manpower group. good morning. why is that the list optimism in the uk when it comes to hiring?— list optimism in the uk when it comes to hiring? good morning. when we look — comes to hiring? good morning. when we look at _ comes to hiring? good morning. when we look at these - comes to hiring? good morning. when we look at these results i when we look at these results we have to look at them within the context of a period of time as opposed to a snapshot in time and during the last quarters, it has progressively improved from a —12 to a —5 so it has been a steady recovery in the last three quarters. the time this result to place back in january, time this result to place back injanuary, a lot was going on injanuary, a lot was going on in the last weeks which buoyed the confidence and optimism for us all and employs such that it should accelerate beyond this quarter into the next. you are sa in: quarter into the next. you are saying this — quarter into the next. you are saying this will _ quarter into the next. you are saying this will change - quarter into the next. you are saying this will change quickly but will be still be lagging behind our partners and competitors in europe? i think the journey — competitors in europe? i think the journey of _ competitors in europe? i think the journey of the _ competitors in europe? i think the journey of the hiring - the journey of the hiring retention is lagging relative or similar to that we experience on how we managed the covid pandemic. the vaccine rollout is approving itself. the messages from the chancellor from the budget extending support for business will boy confidence and the cloud lockdown... exit from the lockdown announced by the government recently gives us a really clear roadmap to plan and anticipate what we need to do during the next six months so absolutely we will move into 03 so absolutely we will move into q3 and q4 with a better view of the market. d0 03 and 04 with a better view of the market-— the market. do you think brexit also had an _ the market. do you think brexit also had an impact _ the market. do you think brexit also had an impact given - the market. do you think brexit also had an impact given the i also had an impact given the timing of it?— timing of it? brexit most definitely _ timing of it? brexit most definitely had _ timing of it? brexit most definitely had an - timing of it? brexit most definitely had an impact. timing of it? brexit most. definitely had an impact. i timing of it? brexit most - definitely had an impact. i was involved with projects around ports, working with complex supply chains waiting for documentation to come in and if the flow of traffic and that is now starting to settle as people get their heads around the administration and what they need to prepare to go through the ports. various markets coming out of lockdown will see that flow improving as well so brexit together with the covid exit from this lockdown will almost definitely help. lockdown will almost definitely hel. ~ . lockdown will almost definitely hel _ . ., ., lockdown will almost definitely help. we are loving the hands over your _ help. we are loving the hands over your shoulder. _ help. we are loving the hands over your shoulder. what - help. we are loving the hands l over your shoulder. what colour are yours? _ over your shoulder. what colour are yours? i _ over your shoulder. what colour are yours? i forget, _ over your shoulder. what colour are yours? i forget, it _ over your shoulder. what colour are yours? i forget, it was - over your shoulder. what colour are yours? i forget, it was a - are yours? i forget, it was a while ago. i are yours? i forget, it was a while ago-— are yours? i forget, it was a while ago. i am guessing you were brown _ while ago. i am guessing you were brown because - while ago. i am guessing you were brown because they - while ago. i am guessing you were brown because they are while ago. i am guessing you - were brown because they are the biggest. stay with us on bbc news, still to come: india's internet shutdown's costs the economy billions of dollars, as businesses struggle with the government flicking off the wi—fi switch. the governor of the bank of england says the long—term hit to the economy from the pandemic could be smaller than in past recessions. andrew bailey says that while the total value of goods and services produced in the uk is expected to be i2% lower at the end of march than it was before covid struck, government support would help mitigate some of the worst effects. detectives investigating the disappearance of a woman in south london say they remain "open—minded as to all possibilities". 33—year—old sarah everard hasn't been seen since last wednesday evening after she left a friend's house in clapham. police are asking people near to where she was last seen, to check their dashcams and doorbell footage. the nightingale hospital network in england, set up in the early weeks of the pandemic, is to close from april. it was established last year when there were fears that nhs hospitals would be overwhelmed, but the nightgales were largely not needed. the centres in london and sunderland will continue to be used as vaccination facilities. this is bbc world news, the latest headlines: silence from the palace, but lots of reaction about mental health and racism, after the duke and duchess of sussex give an explosive interview to oprah winfrey. italy's coronavirus death toll passes 100,000, one year on from the world's first national lockdown. the main financial backer of one of the uk's largest industrial groups has fallen into administration. if you were watching us this time yesterday we were discussing the specialist bank and it is the main lender to a sprawling empire which includes liberty steel stopping appointment of administration puts 5000 jobs at risk at liberty steel and other firms, so union officials were already due to have crisis talks today. joining me now is chris beauchamp, chief market analyst at ig. good to see you. we were talking about this story yesterday, talking about how this could happen, what more detail has emerged since? it looks like it is headed into administration and liberty�*s operations very much in doubt, questions surrounding the viability long before i think just last week, certainly suggested that the firm has been running on empty if you like for quite some time, liberty makes up around 70% of the revenue. liberty makes up around 7096 of the revenue.— the revenue. following the 2008- 2009 _ the revenue. following the 2008- 2009 financial - the revenue. following the| 2008- 2009 financial crisis 2008— 2009 financial crisis when many banks were on the brink of collapse, governments had to step in and rescue them, how could a bank be so exposed again now, today? it’s how could a bank be so exposed again now, today?— again now, today? it's one of these firms — again now, today? it's one of these firms that _ again now, today? it's one of these firms that people - again now, today? it's one of| these firms that people might not have heard of, it is a shadow bank providing finance for companies that are in perfect health but need the cash to pay these invoices, and this industry has grown and grown but i would say the main issues have been, you can borrow from these companies at lower rates but it does mean that you are sort of subject to problems of those companies have cash flow problems, it sends them back to you and we have found that lenders to greensill have had to put their firm into administration. gill firm into administration. all of these jobs at risk in the steel industry, does it highlight that there be better regulation of this shadow banking?— be better regulation of this shadow banking? be better regulation of this shadow bankin: ? , ~ shadow banking? yes, i think we will have to _ shadow banking? yes, i think we will have to step _ shadow banking? yes, i think we will have to step in _ shadow banking? yes, i think we will have to step in and - shadow banking? yes, i think we will have to step in and take - shadow banking? yes, i think we will have to step in and take a i will have to step in and take a closer look at at, because of the low interest rates available they have become much more popular and other investigations further down the line, we have already seen this a couple of years ago, it can have major impact on national andindeed have major impact on national and indeed local economies. absolutely, we remember it well. chris, thank you. $2.8 billion, that's how much money india lost last year because of repeated internet shutdowns. according to a recent report, the economic impact in india was the worst in the world and 2021 hasn't started on a promising note either. our business correspondent in dehli, arunoday mukharji explains. the three month long protest by tens of thousands of farmers outside delhi marked the first internet shutdown. when protest turned violent, the government shut off internet. but this man's it firm granted to a halt due to no access to the internet. fix. due to no access to the internet.— due to no access to the internet. �* ' ., ., internet. a 15 minute outage can result — internet. a 15 minute outage can result easily _ internet. a 15 minute outage can result easily in _ internet. a 15 minute outage can result easily in a - internet. a 15 minute outage can result easily in a 5% - i internet. a 15 minute outage i can result easily in a 5% - 10% can result easily in a 5% — 10% efficiency loss and that day. internet restrictions clocked nearly 9000 hours and india, the most anywhere in the world. businesses around the country lost $2.8 billion, the highest globally. between 2019 and 2020, seven million people in indian administered kashmir had no internet for seven months. the longest internet lockdown and a democracy anywhere in the world stopping the internet was restored and stepped up to forgery only in february. being cut off from the online world during a pandemic with a double whammy for this medical student. she is still trying to catch up after struggling for a year and a half. catch up after struggling for a yearand a half. i catch up after struggling for a year and a half.— year and a half. i guess you could say — could say it took me 150 hours to do what my classmate took one hour to do. if they were to be compared with my national or international students. the indian government - international students. the indian government defended the shutdown and kashmir. translation: fix, shutdown and kashmir. translation: �* ., translation: a degree that internet translation: a degree that internet is — translation: a degree that internet is critical _ translation: a degree that internet is critical for - internet is criticalfor communication internet is critical for communication but we have to prioritise such decisions when it comes to issues of safety of kashmir and its residents. but exerts kashmir and its residents. but exoerts say — kashmir and its residents. but experts say there is no evidence that shutdowns help. there is no data available from the government to say all right, we imposed x number of shutdowns, this is what we achieved, otherwise have happened. critics argue these communication - have happened. critics argue i these communication blockades hurt india's image as the world's largest democracy and also have become tools to muzzle %. like many other countries, india is trying to rebuild its economy and bounce back from the pandemic, but flicking off the internet switch creates another hurdle to that much—needed recovery. arunoday mukharji, bbc news, delhi. more now will probably be the most talked about television interview for some time, 0prah interview for some time, oprah winfrey free of course securing the fir