Language no not this keeps me and they go but you need me to interact with the same you want to know their story lines are fighting and reliable information for margaret. Wall street tumbles at the prospect of nov new coronavirus 8 u. S. President donald trump declaring the u. S. Economy can wait until after the election its bad news for the unemployed and the airlines. Also on the show londons Financial Hub risks becoming a ghost town as more workers stay home to avoid infection. And you can sell anything online chinese farmers are now taking their produce directly to social media. Well and welcome to the show im stephen beards in berlin good to have you with us wall street shuttered on monday after u. S. President donald trump announced he was ending the goshi ations for a new congressional pandemic relief package which was likely to include aid for unemployed workers the airlines and Small Businesses the dow closing 1. 3 percent down following trumps tweet that he would only enterta
A take a step toward equality for the 1st time iran will officially have a female Powerlifting Team and take part in International Competition for women already competing in the sport its a welcome and over g. O. Initiative. Im Claire Richards and welcome to the show we began here in berlin where belarus is exiled Opposition Leader svetlana to cannot escape has been holding talks with the german political leaders including chancellor Angela Merkel took an all scale is calling for european help to force new elections in belarus following august a disputed poll since then the country has been gripped by mass opposition protests and of violence a government crackdown and taken out and taken off scale once a germany to help. Play a leading role in ending the unrest. This meeting at the german chancellor and berlin is crucial for. She has High Expectations of angle americal as she told d. W. Ahead of the talks germany is. Most powerful countries in the world extremely important because we n
Tougher restrictions are rolled out the Prime Minister warns that normal is still months away. And remembering the past but looking to the future molly marks 60 years of independence from france. For 1st time in history leaders from around the world are meeting virtually for the annual u. N. General assembly that is of course because of the coronavirus and on choose day the fight against covert 19 it dominated speeches from Global Leaders most of them called for united fights and for the United Nations to repurpose itself in response to a world permanently changed by the pandemic but its also exposed a rising tensions between the u. S. And china donald trump accused beijing of spreading what he called the china virus and chinas leaders paying said attempts to politicize the pandemic should be rejected so lets bring in our diplomatic editor james phrases of course at the United Nations and of course weve heard today james covered 1000 becoming really the latest crisis to divide World Le
Battery day event. He announced a 25,000 electric car within three years. The u. S. And china clash again. This time, at the virtual u. N. President trump slammed beijing for the coronavirus. Xi jinping warns no one should profit from the problems of another. Haidi lets take a look at how we are setting up for the start of trading proper here in asia. We had a reasonable session in the u. S. , that tech rebound continuing to keep things afloat. This as we continue to get a little bit more news flow as to the stopgap measure being reached between the democrats and the gop. U. S. Stocks in the overnight session climbing. Tempering some of these concerns that came through from jay powell, pointing to slow economic recovery as well as Charlie Hedman saying the recession could worsen without more fiscal support. We see the nikkei 225 flat at the moment. We saw that japan markets have been closed. Futures have been dropping. We have seen during that time asia extra pen falling 2 asia x japan
Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus story you were discussing, so lets get to that. U. K. Chief scientific advisor warning of 50,000 new cases a day by midoctober if urgent measures are not taken. Cases are increasing. Hospitalizations are falling. Deaths unfortunately will follow that, and there is the potential for this to move very fast. At the moment, we think that the roughly is doubling every seven days. If we dont do enough, the virus will take off. If we do not change course, we are going to find ourselves in a very difficu