Stock market suffered its worst trading day since 987 with share prices tumbling by 13 percent on monday the coronavirus pandemic is causing turmoil on Financial Markets worldwide despite drastic action from Central Banks to limit the damage discussed whats driving the sell off with our senior correspondent. Well theres only one way this is going and it is going down look at yourself in a matter of weeks the Dow Jones Industrial average this is this is an average of many major corporations so an index of their stocks the average it is plunged to levels that we saw that the world was out in 2070 so over the course of a few weeks weve race all economic progress made over the last 3 years and this is still early days yet i mean the pandemic in the United States it is predicted to get much much worse and essentially what were seeing is the equivalent of a run on banks so if a bunch of people run by sea to try to get their money out this is what investors are doing now with the stock markets with the stock markets in the United States and. Their reaction has been so far to come out and say theyre obviously trying to avoid inciting paddick theyre trying to calm everyone down and theyre pulling money out of thin air billions and billions 700000000000 that they announced in Financial Measures which is quantity of easy which is a bailout which is its essentially printing money pulling it out of thin air and giving it to bags the whole point of this is to keep keep banks running what is a bank to bank has money what does it do with this money doesnt sit in it it gives it out so it gives it gives it out to you youre a business youre a mortgage owner you get all this money and heres the bag it has hardly any left suddenly all these. Debtors all these that is come to the bank and say look we want our money back the bag doesnt have any money i mean youve got all the money you pay every month you pay every month the situation were in now is the entire industry is collapsing while manufacturing italy is on lockdown and the banks rule exposed to this so nobodys paying the banks so the brunt of the banks can pay the eventual. You know the people who invest that money in a bag how this is affecting markets around the world 1st it was china they shut everything down and this was you know this was the 1st warning bell because this would this is a knock on effect the entire World Economy is interconnected a small bag somewhere in chicago has all timothy an interest in keeping things running in china because see it own stock in apple apple produces its phone to china so eventually theres no phones being produced in china. New phones being sold so the bank takes a loss ultimately its all a knock on effect with genius across the entire world more quantitative easing and rate cuts theyre going to keep rates of this is this is to stimulate borat to stimulate bags to give out more loans on top of loans that are being paid back so that we can at least pretend that things are going on as as usual we have these fiscal measures out there and theyre very powerful i mean the sum total as well over 800000000000. 00 from our forward this is it is sort of kicking the ball down the road. All this money the more that a trillion if if though those 800. 00 a pretty to get more than a trillion dollars that people are going to have to pay back this is banks this is ultimately borrowers that are going to have to pay back all this huge amount of money but theres no alternative. Is to watch the entire thing crash and burn and the europeans especially worried about it we support our companies we support the small and Medium Enterprises and above all we support people we support them in their jobs we support them with their income losses so right now the focus is on strengthening our economies and investing what ever is necessary to have the economy going on further the future looks very believe. Because you will have hundreds hundreds of millions of people all around the world sitting at home without jobs and entire interests industries at a standstill but everyone has to eat you know their loans to pay there are responsibilities that must be attended so its anyones guess uncharted territory how this is going to go until to territory and they hope we also sounded out economist Richard Wolfe who thinks confidence is slipping in governments and it could spell a disaster on a par with the Great Depression because lots of the markets today down 10 percent roughly here in the United States in new york city where im sitting it is a clear very profound statement that the entire Investment Community which is not the small people who have a few shares im talking about the people who manage Pension Funds who manage bank board following orders and so on have a massive loss of confidence in the government of the United States or in the private economy to get out of this disaster after a cut in the Interest Rate last week and even bigger double the size cut this week and the announcement of stimulus plans we do not see a recovery a turnaround we see that these are interpreted as signs that this situation is out of control and i think you see that in the Business Community you see it in the mass of the working class you see it in average people everywhere are we are out of soap in our supermarkets we are experiencing the kind of meltdown that you associate with events like the Great Depression of the 1930 s. And the World Health Organizations announce that the global death toll from the corona virus has now overtaken chinas ground 0 for the deadly had outbreak. In the past we we have seen an ip discoloration of cases of course 19 more cases and is have now been reported in the rest of the word than in china. According to the latest estimates deadly cases from around the rest of the world have now outstripped china by around 600 approximately 16000 more people have been infected around the globe compared to the total number in china where the Virus Outbreak was 1st reported on monday beijing announced that it was sending additional experts to help tackle the pandemic in italy the 1st team arrived in rome last week with tons of medical aid including masks and respirators its been reported that italys aid you allies have refused to help saying they need to stockpile essential for their own citizens but to pack them one whos a senior lecturer in International Relations above university explains why china stepped in to help italy. To china really has a very special crease because italy was the 1st country who signed the one bill one rule agreement so i believe as italy has already the extent that how we chrystia china china has taken it very seriously i submit all further to the entire 48 bars help from the you will however it didnt work thats why italy has to ask for help from china. Are the european. States members who experience all know or is crisis and i believe that the Chinese Government would also be willing to extend help submittal for its the core no one of us all group its not china its also all these to meet your economy see europe and in north america as well as disrupting all these Global Supply troops saw i believe we are actually already the inter into recession. Here in russia the number of confirmed coronavirus cases is approaching 100 and a few hours ago the government announced the temporary ban starting on wednesday on almost all foreign nationals entering the country double quarter looks at the other measures being put in place. Well russias corona virus infections have jumped to 93. 00 people only 7 of which were actually infected within the borders of russia the vast majority came from abroad and the whole situation has really set off alarm bells with officials moscows now banned public gatherings of more than 50 people until april 10th schools and universities will also be closed by the end of the week for about just under a month but students will be able to continue their studies over the internet now russias also decided to close its border with neighboring bella ruse to halt the spread of the virus as for russian nationals returning from the u. S. And europe theyll be confined to self quarantine for 14 days president putins also already ordered the creation of a new group within the state council to address nationwide mobilization against the spread of the corona virus and starting tomorrow special volunteers will be sent to all of russias virus stricken regions to help the most vulnerable the elderly to get through this difficult time but most of all moscow wants to make sure that a panic doesnt occur and its assuring everyone that they need to stay calm while many countries are implementing aggressive measures to contain coronavirus the British Governments being choppy criticised over its perceived lack of action and some of the latest concerns came out the countrys chief scientific advisor mentioned going down the route of socalled herd immunity in other words allowing more than half the u. K. s population to become infected. In terms of building up a unity within the u. K. What i mean what sort of percentage of people need to have contracted the virus probably about 60 percent or so of the countrys Health Secretary matt hancock later denied that achieving herd d immunity is u. K. Government policy the cases in britain have now surged beyond 1500 with 55 people dead as a result of petitions been launched calling for schools across the country to be closed the government also stated it plans to band large events after delaying on that decision additionally the u. K. s Health Secretary has said the people aged over 70 could be isolated for up to 4 months we asked people in london what they think about the governments high risk approach to tackling the pandemic. Its probably true if you take your eye i dont really describe how the 1st to respond i should do what i already knew so we put at risk. A situation like this i can see the argument doing that but really i can also see the n. T. Say were going to you know push it out of people to get that virus if we make things weve come down to die. A bit scared to justify this but weve got to carry on living. Overseas i dont say that far this is a peak into about 10 weeks time so thats when i will get really concerned what we dont know yet is full range of detail and if it didnt we would need to know whether or not we do become immune to this virus possibly. Its a great strategy possibly some wrong strategy we dont know but nobody seems to be giving this older range of people so once a year. On my colds lee is an associate professor of Infectious Disease modeling at the university of warrick in the u. K. He explained to us why slowing down the epidemic is so crucial. To your immunity is that when enough people have been in fact find them by. Iris then. The epidemic will eventually die out so essentially what were still trying to do is were trying to control the outbreak so were trying to put in interventions that will delay the peak of the epidemic and also reduce the reduce the height of the epidemic at the point that the certain number of people would be infected then it could no longer in fact many more people because the sensually people had all their contacts and been infected and so in reduced to a low enough level that the epidemic would die out is a risk to have we know that the over seventys and particularly the eightys. Because they may have Underlying Health conditions are more of a risk so all this that you want to protect those. Those people in the population which is why these sorts of measures are being considered its really important now that we keep these good hygiene practices that have been recommended we keep necessary isolation and quarantine policies and and the crucial thing here is to reduce the demands on the Health Service to make sure that those people that really do need hospital cat have access to. The greek island of less bosses sliding deeper into crisis with the number of Asylum Seekers their swelling and opposition towards them growing the prospect of coronavirus tearing through the overcrowded maria camp is also causing tensions to flare with even aid organizations facing hostility evangelos sepsis report from that. The greek island of lesbos has a 3 way conflict on its hands as europes front line to the migrant crisis some locals are taking more of a stance against the swelling numbers of refugees held up on the island and the ngos have been drawn into battle 2 reviews before people but not small couple of 100 they stopped blocking the streets because stopping cars that many n. G. O. S a bunch of that would stop in the vans or they would stuff in their rental cars and there was just much in them between them throwing stones at them they can people beat them people weve been doing this kind of chasing also. Indias so they said a big thing with the station amount of people that works and you know this is because they they. Want to bust the message that n. G. O. S profit from human suffering finally we got the commission to talk in this part in a t. V. Need we think its a very good sign from the authorities that they made it possible to sign also to say that its not just the group of patients that are going to take over. How things work on this island the migrants remain in overcrowded facilities with lack of hygiene its frankly living in terrible conditions in a desperate move to try to pursue some of them to go back home the e. U. Is offering 2000 euros as bait but some of them have traveled so far is that money really enough to make them go back. To cuba so to me the dollar you know were not talking about 2000 so that would be. Almost 42000 euro says not to not come and love my country for money i love because it doesnt save the few protectorates they think the 3rd front is the one created by a right wing groups who do not appreciate their picture a sick island turning into a giant migrant camp. Something more getting up assessment every day these people pass through our town without asking anyone they come and steal from the people here are fed up thats why we decided to make these barricades gather here as often as we can to prevent the refugees from entering the town and force them to take another route we have never been aggressive towards and we have never clashed with them on the contrary they come in gangs and try to argue with. A main goal is to protect the soaps and banks and where do they want to pass and were here and since the growth of virus has been confirmed to me to an image its another reason to prevent them from entering here this additional struggle single speed very big price tourist season has become something of the past and businesses have even been forced to put the shutters for good and there is very much in our life here is horrible we were happier in the past they robbed us destroying our properties they even break into our houses most of the shops are closed and the refugees are the reason there are 25000 of them and only a 1000 of us. It. Is the island that has been suffering the most the morea camp is overcrowded with refugees i believe we all have to sit down and find a solution because we cant live like this anymore our town cant survive like this we are fed up. This island might be a tiny greek period is that the sun shines on your r. L. But down here on the ground its clouded over fear uncertainty. Mental subsidies from lesbos greece or r. T. The leader of israels blue and White Party Benny Gantz since accepted an official request from the president to try and form a governing coalition it comes after a longtime rival of Benjamin Netanyahu was endorsed by a majority of lawmakers in the knesset following a 3rd inconclusive election in less than a year because aaron discussed the prospects of a new government with our correspondent in tel aviv. What does this mean for Benjamin Netanyahu. Well its certainly not good news i mean hes going to be hoping that theres going to be a 4th round of election hes also very surprised because he was the one who actually won these elections and. Particularly from his voting bloc was that he would be the one to form the next Coalition Government what are the chances that guns can become the next pm look at this stage they seem quite small hes facing 2 main problems the 1st problem is that hes formed a coalition between our parties and a right wing Political Party belonging to a former army defense minister Avigdor Lieberman they are not natural allies so you will just have one issue that will erupt in the 2 sides will fall apart guns also faces threats from 2 members of his own party who say that because hes formed this coalition they are going to withdraw and if they withdraw he wont have the 61 majority that he needs at this stage however the countrys president weve been living in has tossed guns with forming the next government or at least trying to take the law gives you 28 days beginning tomorrow to form a government this is a short amount of time but given the current circumstances of national and International Crisis even this is too long. I will do whatever it takes to form within a few days as possible national petri arctic and broad government so if guns doesnt manage to form a Majority Coalition one next. Well then theyre going to be for the elections and the question here for everyone is how do you hold elections when you have the coronavirus epidemic at the same time israelis are really fed up weve already had 3 elections here in the space of one year and its costing the country a fortune but that will be the ultimate solution or at least the next step. And if it goes through a 4th round of ele