The worst dow point loss ever the previous 2 record set just last week as the markets were closing in new york and washington President Donald Trump was asked if the country was in a recession well it may be without thinking in terms of a recession with a good in terms of the virus once we step i think theres a tremendous pent up demand both in terms of the stock market and in terms of the economy and once this goes away once it goes through and were done with it i think youre going to see a tremendous a tremendous surge the trading day was so bad the president of the New York Stock Exchange had to shoot down rumors that the Trading Floor might close down tweeting closing the markets would not change the underlying causes of the market decline this would only further compound the current market anxiety. Over the weekend the Federal Reserve lowered Interest Rates to nearly 0 hoping it would call in the markets it did not they lower the rates on sunday market is telling us that theyre no
Exercising were ordered home. In front schools bars and restaurants are closed gatherings of more than 100 people are banned and people are being urged to work from home public transport is still running but more measures are on their way as of them at this stage in urban areas we will maintain public transport to allow french people to commute for strictly necessary purposes and regarding Long Distance travel by train between major cities by bus or by plane this will be gradually reduced. In the u. K. The governments been accused of not acting quickly enough to contain the spread as people stocked up over the weekend almost emptying supermarkets in some areas hundreds of scientists queried the governments strategy the Health Minister now says water time style measures are coming hes asking british manufacturers to make more ventilators soon everyone over the age of 70 will be asked to self isolate for up to 4 months and this week should see new measures including a ban on large gather
Major stop people crossing borders to panic buy things in supermarkets as well but its one of the germany hungary said it was closing all its borders potence already done so in the Czech Republic as well. And altogether now you have a 100000000 europeans in lockdown spain is now going through the same trajectory as italy did just reported a big spike in fresh case in the last 24 hours and so increasingly these enforced stay at homes for people are being done theyre being put into place by by the police and probably in the fullness of time by the military as well and frankly i have to say that despite the fact that europe is now the center of the pandemic and obviously is a very big rise in cases they talk about trying to flatten the curve out of the virus the other thing that i think European Countries are going to have to start to address very very quickly is what on earth you do with all these people are staying at home to pay them any money so they can buy things well spain is also
The next few Weeks Congress has already put forward a bill to provide sickly as well as Food Assistance to children and the elderly it still needs to pass the Republican Controlled Senate before us President Donald Trump can sign it into law. But the new proposed payments which also need to be approved by congress would be part of a package worth more than a trillion dollars. Clude help for the airline and other Industries Hit hard by the slowdown in business this is worse than 911 that for the Airline Industry were going big with this invisible enemy we dont want airlines going out of business we dont want people losing their jobs the Hotel Industry has also been hard hit tuesday mariya the Worlds Largest Hotel Company started furloughing thousands of employees as their hotels see fewer customers but its not just the economy that has the white house worried it says Public Health remains a priority on standby in new york the army corps of engineers to increase Hospital Capacity in resp
Distance himself from because the immediate impacts are felt by others a long way away and in this case i think thats quite a person with respect to extreme heat. They didnt show for this for this discussion because the most challenging conditions worldwide are faced away from the west they are faced in places like Southeast Asia around the persian gulf and around east asia and when we see impacts like that somewhere else is perhaps easier than appreciate the agency of the situation and perhaps that that propagates down to policy that does not an area that are all comment on so to say you do see this up close this is not something that is far away and distant for you and for the red cross c tell us how much more this is a bigger piece of what you do now having to deal with the after effects of Climate Change and whether. Certainly sir. I am from sea and now responding to up to 3000 weather events in just the last decade and expecting that this will continue to increase and for Climate