Epicenter of the outbreak in the united states. Jobless and hungry the Pandemic Forces thousands in bangladesh to leave the capital and head back to their villages. And sport the house and the 2023 womens world cup will be announced later on thursday colombia goes against a joint Australia New Zealand bed as they all lied to stage the competition the 1st time. We begin with new developments in the global Aviation Industrys efforts to survive curing the coronavirus pandemic more than 40 Major Airlines have been forced to ground their entire fleets many have suspended more than 90 percent of their flights australias biggest carrier quantas today announcing 6000. We cut in a bid to lower costs as it fights to stay in operation germanys lufthansa the 2nd largest in europe has signed a deal to secure a 10000000000. 00 government rescue package but in the u. S. Where air travel demand has picked up a little since april the number of people passing through airports is still down by more than
Comment on wall street as investors panic about the pandemics a devastating economic impact. As more flights are cancelled and borders closed to the leaders of the worlds 7 largest economies hold a Video Conference to discuss a unified response. Below in the past hour the president of france has announced dramatic new steps as his country fights the spread of the coronavirus told the french people they are at war with the disease as he warned them to stay at home its the latest development in a day when the british Prime Minister presented a tougher approach telling people to try to avoid transport and the e. U. Proposed banning all but essential foreign travel to the block for 30 days the World Health Organization says it is still not far enough. Barkha. 19 has silenced entire cities this is the tourist metropolis of venice now look at it 100000000 europeans are on lockdown in italy the number of dead and infected is rising steadily elsewhere in europe paris worked to its 1st business
Investors make about the pandemics devastating economic impact. And the pandemic is putting millions out of work and shops and restaurants close around the world. And im peace summit in doha with your storefronts now also the coronavirus turning point has to take place by the end of may. 2020 will have to be postponed emergency talks are set for tuesday. Countries across the world are ramping up their response to the corona virus pandemic the french president Emmanuel Mccoll has declared war on the outbreak and is closing frances borders from 11 g. M. T. On tuesday the e. U. Bloc as a whole is considering banning all but essential foreign travel to the showing in the zone the British Government which has been under pressure to toughen its approach is now asking britons to avoid nonessential travel and pubs clubs and theaters u. S. President donald trump has issued similar advice and is urging for no social gatherings higher than 10 people were to come. As the head of the World Health O
How did they get hit so hard when Nothing Happened . The absurdity can seem prepostero preposterous. Market wide sale off makes it seem its the best stupid and worst corrupt and drives you away from the asset class. I wish there was a hidden logic, but the truth is your inclinations are right and the action often is every bit as stupid as it appears. There is no way to think of it other than negatively. Tonight, i want to tell you about all the ways stocks can be impacted by forces that have nothing to do with the companies themselves. So you have some grounding, grounding about what might really be driving you crazy. The absurdity of your stocks going down when nothing happens at the underlying companies. So were going to pull apart all the reasons your stocks do go down through in fault of their own. That way youll have a more certain handle on how to take advantage of the big market wide declines because when you know what youre doing, you can make a decline work for you, not agains
Off, commodities surging today, copper and coffee and oil. If you look at the material sector that is leaving the market today but for the month of december. Another stock down 8 is twitter. The social messaging site getting cut to underperform from mutual, but maintaining the price target at 46, the second downgrade for twitter since last week, sun trust cut its rating to neutral last week. That is what we are hearing but it is of meteoric rise for the stock until today. Cheryl thank you, cu in 15 minutes. Adam our next guest underestimated the power of the markets, as big expectations for stocks in 2014, chief market strategist, welcome and thank you for joining us on markets now. Why i use all optimistic going into 2014. Get ready for corrections. I am optimistic for the first half of the year and for the second half we will get a correction as the market begins to sniff out the first interestrate hike by the Federal Reserve but they said they are going to leave the overnight rate u