Trials now pending between galia and in no bar to santa fe all these drug therapies now are used in combination to try to develop a vaccine to contain the contagion and the spread however all the people who have moderate to very low sometimes the doctors actually recommend them to quarantine themselves at home and your human body can actually combat the virus itself and many people have actually made full recoveries that way also i want to move back a little bit to the trade the punitive tariffs that were kind of rolling back here amid concerns what do we need to know about that and how is that going to help the economy of china well these villages have were already agreed upon the both china and the u. S. Simultaneously roll back you know the parents over the course of this year under phase one china is however doing this a lot sooner than expected in part is because they are trying to reduce the cost to importers and make export of goods a lot cheaper in the domestic economy and this is really important as the government is trying to continuously stimulate production in the economy right now and were also seeing in this is you know there. Theyre rolling these back to kind of help the economy to help these businesses work in china now i dont know abbie obviously im not saying this is going to happen but say you know at the end of the flu season its like sars it kind of just a radical itself on its own and the krona virus is no longer an issue so maybe lets say by mid may almost when were done with quarantines and everything how much is going to take for the chinese economy to actually recover after this is going to take a significant effort because that will mean about one and a half quarters a product of the almost lost and as we said in the study of yesterday that that will basically equip the equivalent to the American PowerAmerican Workforce taking 2 month vacation thats the amount of public to be lost across all of china and thats tremendous and what that represented by the year end global g. D. P. Will not be the same it will not be nowhere near estimates and the cause for concern is because we have expected this continues pace of production and if we dont get that pace of china does not continuously become the developing economy we expect them to be to be the Global Growth driver then we can expect to see a little slump a little downtime and perhaps even the 1st hint of our session and well definitely keep an eye on this and to uncover this in depth here to bust for sure. And the coronavirus is taking a toll on the Auto Industry in china as sales fell by 92 percent in the 1st half of february now according to the China Passenger Car Association many Car Dealerships in the nation have been closed while much of the population stays home as christine just mentioned to prevent the spread of the virus now china is the worlds biggest car Market Selling more than 2xww vehicles in 21000 dealerships have restarted opening their doors this month and the trade organization hopes for increased sales throughout the rest of february as car sales have struggled so too has the production of vehicles in china due to the virus. And for more on that were going to bring in lauren fix the car coach and shes going to break this down and other news auto related headlines today thanks so much for joining us lauren now china has already witnessed a decline in vehicle sales due to a slight economic slowdown in the country as well as the trade war with the u. S. So how concerned should we be about this 92 percent slump in what is essentially 2 weeks of february. Well thats huge because theyre actually down 54 percent in sales so far for the whole year so that impact is going to affect the economy of not just auto manufacturers but the economy of china and theyre already down in sales it was predicted to be 2 percent but having this happen the timing was not good and its going to definitely impact automotive suppliers as well as automotive manufacturers now the chinese automaker geely has launched a service to allow customers to buy vehicles online in a time to boost sales and have them delivered to their homes so as buyers continue to refuse to go to showrooms due to the quota virus weve also seen b. M. W. And mercedes heavily promoting vehicles online as well during this Health Crisis so do you see online sales boosting the Chinese Market and frankly do you see this becoming more and more of the norm of the Auto Industry but i think this might be the cause of the trigger that makes automotive on line buying more popular i mean obviously those people that are home who are quarantined are not going to be able to go on test drive cars are not going to be able to purchase cars and theyre not making money in order to buy those cars so thats part of the problem but having line buying is really smart i know Mercedes Benz and b. M. W. And tussles been doing it for a long time but now that gailey is doing that with volvo this is a great way to get people to do something why theyre sitting at home what are they doing there on line and this would give them a chance to think about when i get back to work i can purchase this car theyll bring the car to me i can drive it and it takes away from the Dealer Experience but were starting to see that here in the u. S. As well not to get too much of this is going to get back to the device in the Auto Industry but would you say that were seeing a little bit more of this in the u. S. I mean you know i think it took people a long time to understand that when you purchase anything you dont have to see it you dont have to feel it were going to move that way and vehicles as well. Well on the big thing i always recommend people you must test drive a vehicle before you buy it i mean youre going to live with it more than its going to be a month its not like a pair of shoes where if you dont like it you can return them this is going to be some year to keep for 3 years or longer and in china their culture is to keep it for the long term so i always tell people you should test drive a vehicle i know that for room and car gurus and theres a whole bunch of other ones that are out there are bringing cars to consumers and consumers are getting this experience and taking it away from the dealer however if you need a repair you have to start creating a relationship with your local dealer i always recommend to go in the dealer or at least meet the people at some point during the process all right sorry for that aside there lets go lets lets go back ok we got to know. Our germanys dialers also shared concerns over the Coronavirus Impact that could not only hurt sales but also production in the overall supply chain now how concerned are these automakers overall about this affecting their business i mean were seeing it from basically all that automated factories right now because china is so important in the supply chain. Well theres not much of an impact on honda and toyota but most manufacturers are seeing some sort of impact whether it be at a screen or an interface or a wiring harness or something thats made in china no ones not getting impacted by this in any way shape or form sometimes you can find a back up supplier i know that in for b. M. W. Theyre putting 2000000000 dollars into a battery factory because they dont want to be reliant on china and you start to see the whole way so this could impact china down the road especially when youre looking at the overall economy where people are saying were going to look at other suppliers whether come from india or thailand or where that might be so i think youre going to start seeing more of that looking for that backup supplier in case the sever happens again you have to protect your brand because you cant build a car with 99 percent of the parts now japans ministry of economy trade and industry announced thursday that it has stopped at a new task force to address the viruss impact on the Auto Industry so how bad are japanese automakers been hit by all of this and what can we expect from the task force. Well the name of the group is the new Coronavirus Countermeasures Automobile Council which is a tongue twister but what theyre trying to do is make sure that all the manufacturers that are producing products in japan are at least aware of coming other suppliers that might be able to fulfill that need i know that right now toyota and honda are not being impacted but we may not impact them today it may start impacting these people down the road because if they have been working for a long time and youve got a 6 or 8 week lead time you will see that 6 or 8 weeks down the road once they get back to work so they have to come start looking for other suppliers with the be from mexico or other countries. And i had one more for you today i gave you a bevy of stories but this one is the red meat lauren fix story well go back to china for just a moment it is reported that beijing is looking to possibly extend subsidiary subsidies for purchases of eveys beyond 2025 to china had its 1st annual decline in new Energy Vehicles last year what do you see going on here. Well right now theyre saying 54 percent decline in sales which is quite dramatic and that was certainly not the goal when they wanted to go all electric and part of their being green they thought this was a wise idea but people are not buying it without the incentive which is equivalent to about 8700. 00 and it was supposed to go for 4 years well the big decline says to them were going to have to go and go back to that incentive now with the virus in place and people not working time gets back to work and start it starts making money they may or may not consider an electric vehicle i know that tesla does rely on that help but we may not see exactly what their goal is i know that china tends to be very aggressive when they make decisions but theyre not realizing theyre have the power for the grid theyre Building Nuclear power plants as quickly as they can so sometimes they put the cart before the horse the always and so below and fix the car coached thank you. Thank you. Virus continues to spread fears across the Global Markets lets see how we ended up starting off in moscow the moet says as russia has proposed new terms for future oil supplies to belarus to partially compensate minsk for the cost of taxes introduced last year now over in shanghai the composite jumped to a one month high on p. B. S. The stimulus after the central bank unveiled yet another move to support the economy and mitigate the fallout from the corona outbreak the market has now entirely recover from the corona sell off rally to the highest level since january 22nd a day before the will hand lock down now over in hong kong the hang seng fell 1. 8 percent this week as a real estate and casino operators drag the market lower hong kong who is more ally on tourism than china warned that the Economic Impact of the current outbreak could be more severe than 2 in 2003 when the city was hit hard by sars retail sales recorded their greatest ever drop of 24 percent year over year in the last quarter and unemployment will likely surpass 3. 3 and finally in japan the nikkei is down 1. 3 percent for the week as the current outbreak seems to be spreading faster within other Asian Countries outside of china this now turns the japanese yen formerly viewed as a safe haven currency from an asset now into a liability the yen has slumped about 2 percent against the dollar even as gold and treasuries pushed higher now over in india the sensex was closed on friday in observance of. But ended down for the week the trade drama now shifts to india and the us who are working on a major trade deal but there is uncertainty on whether or not certain deal points will be hammered out before the u. S. President ial election begins now down in australia the a. S. X. Is barely but it launched its own tech index that is efficiently the australian version of the nasdaq tech has been the. Over the last 5 years and this new and next will initially consist of a basket of 46. 00 stocks unemployment will still however remain a problem as the jobless rate continues to climb analysts are now looking for the r. B. A. To slash Interest Rates again later this year and finally in south africa the all shares are down as the eskom crisis continues stage too low shouting will continue into the weekend as a cast has warned of an increased likelihood of power cuts over the next 18 months now over the brow of the rest of america. So you so much kristie starting in Europe Markets are down across the board and were going to start with the cac in paris the week started looking positive before dropping off at the end of the coronaviruses impact was still the main catalyst here one of the biggest losers was auto manufacturer know who lost 3 percent on friday alone which can be attributed to a supply chain issues due to the virus as well as a french probe into base use of funds now the dax in germany is also following a similar trend here looked like it was going to be even all week and then took a bit of a dive on friday losing nearly one percent the biggest losers in germany were in adidas who are hurting because of travel and supply chain issues respectively due to the virus the footsie in london it is in the same boat here so so just know that it almost rebounded to even on friday but luxury brand Burberry Group had a terrible week falling more than 2 and a half percent on friday alone and that was due to their reliance on sales in china and theyve seen that throughout the markets now moving stu south america in brazil the ebo best but also down on the weak falling by a percent and a half on friday miner barely missed quarterly profits and fell nearly 4 percent at the end of the week hurting that market as well then heading north the b. M. V. In mexico is also down on the week some analysts said the countrys economy would not be hit hard by the coronavirus but the strength of the u. S. Dollar due to the virus pushed down the peso to its lowest level since to. When moving up to the u. S. The s. And p. The New York Stock Exchange and nasdaq all down on the week after hitting record highs in recent weeks the nasdaq dow and s. And p. Fell by at least 1. 3 percent on the week the nasdaq alone was pushed down by fang stocks thats facebook amazon netflix and google they had a rough week over there now and moving up to canada the toronto Stock Exchange is up but just slightly the small gains were mostly in the oil and Minerals Sector as oil prices actually pushed up for the week thats it for this weeks Global Market walk. They care because when we retire and we break down the new us fund for biotech and we break down the concerns that swirl around the sector youre not going to want to miss that so as we get a break here are the numbers at the close. The load. The. Whole business by blaming russia by america is getting really the static because heres a guy whos effectively trying to dehumanizer whole group of people slavic people of the states this is remarkably ironic coming from like like. I cant show you my face but im going to teach you must. In 9093 this man was sentenced to death. They could charge carried with capital murder even though he didnt have the gun didnt pull the trigger didnt intend to kill anybody imagine living in your bathroom. Its weak when he said of the 23. They have. Confined within the green. Using. Believed this room. Welcome back biohacking has become increasingly popular and is constantly evolving since the start in Silicon Valley over a decade ago it can relate to a various number of upgrades made to the body and brain whether its through fasting intermittently which has become a fad lately or like those i was in or a former nasa employee who injects himself with d. N. A. Using Gene Technology crisper or just people who have chips implanted into their hands well these are all forms of biohacking theres a range of bio hackers around the world from actual scientists with ph d. s others whove gone to medical school and some of those who are simply amateurs even tattoo artists although its been quickly growing globally it appears russia is catching on to the Global Movement with a growing number of russians interested in upgrading their bodies using the technology and we want to have a conversation about this so for more on this were going to rein in just responded to sarah much as they ok and boom bust cohost investigative journalist ben swan thank you everybody for being here now of course sara i want to start with you today because you are the one who actually has been doing the research on this story so what is going on in russia and how is it picking up there well russia has been the most recent country to to pick up with the looking at looks like over 1000. 00 russians have been chipped as of late now it goes back to chips are being used around the world right so its fair to start cars to turn on Smartphones Computers and printers moderating body temperatures and store medical information or business cards like were seeing in sweden where you have the. Chip inserted into your hand and youre able to scan cash out with kind of moving toward a Cashless Society and even some professional magicians who are now using them to enhance some of their tricks but russia is now catching on kind of with trying to really concentrate on how to stop the process of aging theyre looking at how to interfere with the genetic aging process with these chips by monitoring a lot doing its heavy exercises and a lot of them even taking a lot of vitamins and putting things into their body where theyre trying to prevent it now so far there is no actual effect to this and they dont have a system for it but thats exactly kind of what theyre looking for where they want longevity now this is a great piece of technology but when i was discussing this with my frien