Abdullah abdullah has held a separate ceremony to inaugurate himself. Welcome to the program the spread and fear of crude a virus is starting to have a major Global Economic impact on top of the growing he would cost u. S. Stocks plummeted in the opening minutes of trading in new york forcing a temporary suspension of the markets also hit with big drops in asia Europe South America brazil stock market also had to suspend trading after a 10 percent drop mondays market shock was triggered by a 30 percent plunge in the price of oil has been following events for us in new york and its been a bit of a bumpy road for the dow jones just a little whats been happening in the last couple of hours. Yeah a very dramatic morning here in new york as all of the major indices remain down significantly they have recovered a bit now the Dow Jones Industrial average and the s. And p. Both trading around 5 percent lower earlier shortly after opening bell they plummeted more than 7 percent triggering that automatic shut off that occurs when trucks stocks trade too quickly into low to give the market time to recover and adjust they seem to be trading a bit more as steadily now but clearly there is major concern about the ongoing threat of coronavirus and what thats doing to the economy and businesses writ large and those plummeting oil prices that you mentioned as well just a little bit of background over the weekend we had more cases of corona virus in the United States reported were now up to more than 500 confirmed cases in the United States more than 24 if they tally this. And 8 states now including new york have declared a state of emergency to help ramp up the response and deal with the spread and clearly investors are worried about the impact thats going to have on businesses as more people stay home to avoid getting sick travel is down considerably some schools have closed in certain areas of the country so theres real concern among investors there and then there is that major drop in oil prices some 30 percent sunday after opec Oil Producing countries and other Oil Producing countries including russia met and failed to reach an agreement on cutting or oil supplies were seeing a glut of oil in the world and a surge in prices. As the demand is going down because of this virus and less people traveling and less people working so all of this combining for a perfect storm to make markets very very very jittery this morning also were seeing revealed u. S. Treasury yields at record lows as investors look for a safe haven and plunge their money. Into these Treasury Bonds but the returns on those are unprecedentedly well as a result of the of the all of the action there so very unsettled markets this morning will of course need to continue for similar to what goes on in new york christine thanks for the update. Brian has more only Oil Price Drop which triggered more term walling global stock markets. Oil prices have fallen by as much as 30 percent the steepest drop in almost 30 years a crisis described as heaven no equal in oil markets history the market turmoil began when saudi arabia the Worlds Largest oil exporter started a price war by announcing plans to boost production that followed fridays meeting in vienna by the organization of the Petroleum Exporting countries pick russia refused to join the cartels plan to reduce production at countering the decline in demand from china usually the worlds Biggest Energy consumer but damaged by the coronavirus crisis. The saudis are angry because other countries like russia are unwilling to participate in Oil Production cuts so this we will show you the bosses we can produce at much lower cost. But the oil price lump could have widespread consequences beyond hissing already just a remark at the International Monetary fund suggest saudi arabia needs prices to be at about 80. 00 a barrel to balance its budget the price fall will also hurt major Oil Producing nations venezuela and iran already under pressure from u. S. Sanctions a prolonged price collapse could mean they struggle to fund things like education and health care especially vital sharing the global corona Virus Outbreak. Spread of white as is control or. Recovery in the Capital Markets because. It has caused huge damage to the Global Economic americas Shale Oil Industry could also be in trouble it needs prices to be relatively high to make a profit Many Companies are heavily in debt and may not be able to make repayments leading to job cuts this seems to be the kind of. Russian leaders might have actually decided was in their interests. Not. Good for russias economy but if it causes even more playing to the u. S. Economy it might be something that theyd be interested in the consumers though it could mean less pain at the pump with the price of petrol expected to fall. Aljazeera. Well european leaders are preparing to hold an emergency teleconference as the global coronavirus epicenter moves towards the continent governments are struggling to stop the spread with more than 10000. 00 affections confirmed so far italy france and germany are the hardest hit the International Monetary fund has urged governments to make substantial efforts to deal with the growing economic fallout Charlie Angela is monitoring events forswore london news center and lets just focus in on on italy charlie because that seems to be the epi said for the moment in terms of how grave the coronavirus scenario is the europe. As a quarter of a 1000000 people there are under strict quarantine measures and this is the italys richest region covering not only the Financial Hub of milan but also the tourist harbor of venice and this is a country that was already teetering on the brink of recession before the outbreak began and these extreme measures will be in place until april the 3rd and will hit the economy hard the Healthcare System there is also under strain with the head of the crisis unit in the long body region one of the regions affected saying that it is on the brink of collapse and intensive care facilities are under enormous strain there are reports of stars setting up high dependency unit in corridors in operating theatres and even emptying entire hospital sections to make space for seriously sick people but as anyone will know who spent time in intensive care its not just the beds that are important but the number of machines those heart monitors is respirators and if there arent enough of them to go around and seriously sick people are going to be put at risk theres also pressure on the countrys prison system inmates have been told that they are not allowed to have any face to face visits from loved ones or from friends and that has sparked a number of riots now the prisons in italy are very average overcrowded in some areas the perfect conditions for this virus to spread rapidly so italy is now seeing cracks in its prison system its Health Care System and also its economy but of course charlie other countries around europe will be focused on how italy is coping economically because the perhaps have an idea of how much its going to cost them in their respective nations look at what italy is having to deal with in trying to try to sort out the code of virus impact economically. Well it leaves better the definitely the most extreme seeing throughout europe but just to give you a sense of whats happening in other countries in spain 63000 students are being sent home from the basque region for 2 weeks in france which is seen 21 deaths there now banning all public gatherings of over a 1000 people in the u. K. Here theyve just reported the 4th death from corona virus but there is still no social distancing measures being put in place and the same in germany which has just reported its 1st 2 deaths from the virus no preventative measures being put in place apart from obviously the hand washing which is essential across all of europe but what we are hearing is that on tuesday european leaders will join together in a Video Conference call and perhaps will see a more unified response emerge from that were also expecting on thursday the European Central bank to me now we were expecting to hear a pretty rosy outlook for europe from then but now were looking at a region that could be heading towards recession well for the update thanks very much Charlie Rangel of the in london but lets get the latest on the u. S. Response to the current virus or White House Correspondent says the white house is trying to change Public Perception of the operate. The u. S. President also tweeting what were getting a sense of here at the white house is there is an effort to try and contain not only the growing hysteria in the Financial Markets but also among ordinary public and there is this perception by some here in the United States that this president has not perhaps taken this situation seriously enough treating it more as a political versus Public Health crisis take for example some of the tweets the u. S. President has been issuing in the last couple of hours he has really been trying to downplay this criticism saying in one tweet great job by the Vice President and the Coronavirus Task force thank you also a plotting his own decision to early on close the u. S. Borders to some travelers from china were of course the coronavirus originated saying best decision to close the borders saved many lives hes also pointing the finger at the media for inflaming what he believes is a situation not yet spiraling out of control saying that there is so much fake news there are those reporters another 43. 00 to surrender viruses cases continue to rise the death toll is now at 237 more than 7000 functions have been confirmed in many clever lines itll stop flowing to iran which is facing one of the worlds some breaks in the world. So the Prime Minister has survived what the government is calling out assassination attempt. Of the attack wont hinder the political changes being made since the ousting of omar bashir last year so that has more. The monday morning attack took place in the sudanese capital of khartoum Prime MinisterAbdullah Hamed was in a convoy of cars when gunfire and an explosion went off near his vehicle he survived the attempt on his life but a Police Motorbike rider was injured within a couple of hours hamed ducked tweeted a photo to prove in his words that hes in good shape the government says it was a targeted attack and investigations are under way and if you care to tout. And we know that there are people who are trying to target the revolution of the sudanese people and to attack the gains of the revolutionaries but we stress that revolution is going on at the revolution will continue its path with you that. No one has claimed responsibility the attack highlights the fragility of sudans transition to civilian rule almost a year after protesters forced the military to remove president on one of bashir and replace him with a joint military civilian government but the generals remain effective rulers of sudan and of showing a reluctance to hand over power to civilians i Prime Minister one doc has vowed that the attack wont get in the way of sudans transition sort of hired at aljazeera. Well still ahead here on aljazeera a mass murder trial begins over the shooting down of a malaysian airliner but with justice finally being searched. In south africa offers amnesty to give up guns to avoid prosecution but not everyone believes it will reduce crime stories after the break. How the heavy rains just left the shores of china this massive cloud here and hes heading for japan a place thats already had its fair share of rain throughout the winter rosin snow now more recently weve had snow on the high ground but this here looks like producing quite a rap is stored in the high ground of honshu and in the lower ground of her car blue is rain of course but look at the temperatures supposed to plus 11 now without high with a meter of snow on the ground a source eames likely that will chill afterwards as this backwash comes in for some parts of the card when the sun comes out during wednesday but i think be quite a mess on the ground afterwards at always or during this time the rest of china is quite quiet air quality for certain parts cause thats pm 2. 5 the very small particles is rather on the portside for beijing Everything Else is quite good and you see the sun is out for the south in china the cloud is up again trying to build more rain but not succeeding in the near future theres been a lot of rain recently in soloway sea and that is a bit of a focus the next day or so northern borneo and sort of wisely and the eastern side of java eastwards there are a few shots available on the vietnamese coast and theyll spread i think across laos into cambodia jury wednesday but not time yet. On counting the cost why the nurses say fed rate cut just isnt good enough to save the Global Economy from the impact of the fast spreading to rotavirus scientists race to find a vaccine to stop the epidemic plus the environmental damage of drilling for oil in the republic of congo counting the cost on aljazeera. Part of the sound from that we hunger love dogs we are the travelling the extra mile the autumn media dont go we go there and we give them a chance to tell their story. You want your just there with me cell run a reminder of our top stories the European Union are sent to hold emergency talks via Video Conference to coordinate their response to the corona Virus Outbreak the number of new cases in the European Union continues to grow rapidly italy has the highest number of infections with nearly 7400. U. S. Stocks have plunged in the opening minutes of trading in new york as concern over the spread of coronavirus starts to have a major Global Economic impact asian markets all sort of major sell off while billions are wiped off european markets. But those markets shock followed a 30 percent drop in the price of oil a bit we think demand from the impact of coronavirus and the price war. And the wall is head of investment analysis at the Investment FirmHargreaves Lansdown joins me now from bristol in england could have you with us live on the program this will markets always seem to sort of take a hit when weve had a similar medical emergency other than sars all coronavirus doesnt seem to be any different to the way that its affecting the markets or is it. I think its too soon to tell whether this will be the trigger for the next Global Financial crisis all much like the medical emergency as you mentioned just then will will prove to be short lived in their impact on the market i think its very interesting to see how acute the impact has been in the different regions as you mentioned in europe its been particularly bad here in the u. K. That c. 100 is back to 2016 levels that we look at the s. And p. And 500. 00 although its come off sharply well actually only back to levels we saw last october and last summer as donald trump sort of did his tweeting about the trade war with china saw the markets have come off a bit they havent come up office as much as they have in asia rounded europe will of course long term worries about provirus this particular case will surely have sort of long term impacts on business too in terms of the way businesses think about the supply chain how long either the delay a may last absolutely i think theres 2 things to think about here theres productivity and the impact of people just not being able to do their jobs in the same way will have on companies so we know when we get a sunny day in the u. K. We see what a hot summer does sort of productivity of the other 5100 because people just dont turn up to work or dont work as hard theres that element of people not being able to do their jobs as well from home but then theres also the element of if you are in manufacturing if youre an industry and youre reliant on parts of across the world hitting autos in germany or all companies in japan then you just simply wont be able to make the products you usually do because you cant get the Component Parts because there is going to be that impact on trade but of course were hearing news that saadi arabia and russia disagree on Oil Production levels so for the all the street is what u. B. S. Program how does that impact on the crisis that were already experiencing when it comes to coronavirus. I think its just another level of uncertainty if you think about the ordinary man or woman on the street as you say you know Oil Prices Dropping any 30 percent in a day i mean that hasnt been the case weve not seen a fall like that for decades and decades and this feeling of uncertainty which markets dont like which Economic Forecasters dont like and its just another thing to be concerned about another thing to get make the markets jittery or for the moment im a wall that has been good to get your insight thanks so much for joining us from bristol in england thank you explosions from a suspected rocket attack of interrupted the inauguration serve the of afghanistans president musharrafs gardy. The blast did not appear to take place there were several body guards political rival held a parallel swearing in both the alleged claim to the presidency after a disputed election last september bleeders in kabul she says the feud could affect peace talks with the term about. It was certainly i think full of controversy and violence because 1st of all there was a lot of delay in this inauguration people had been told to arrive quite early in the morning all the guests and the media and then when we arrived there we were told no it was delayed by 6 hours and then it was delayed by another additional hour during that time you had the u. S. Envoy Zalmay Khalilzad try shuttling basically between these 2 political rivals president a shovel and me and. Trying to find a compromise where he couldnt find a compromise and actually both of them went ahead with their own president ial inauguration during his speech during the inauguration. Actually. Said that by tomorrow he will issue a decree for do release of taliban prisoners thats one of the thats one of the articles of the agreement between the u. S. And the taliban but he said that that would take several months actually to release up to 5000. 00 prisoners he also said that they will be a. Delegation that will go to the afghan talks which are considered crucial here to bring any kind of peace and stability will be ready in the coming days but then you have the problem of. Do know where he during his inauguration was saying that any was illegitimate that the election that happened in september was marred in fraud and he actually called for a 2nd round of president ial elections at least 43 people being killed in attacks in northern became a fan so the government says 2 villages were targeted and near the regional capital the area has seen a surge in violence by armed groups attacking civilians. A mass murder trial has begun in the netherlands with 4 men accused of helping to shoot down a malaysian airliner. 298 people were on the flight from amsterdam to kuala lumpur 6 years ago it was hit by a missile fired from territory a new crane controlled by pro russian separatists 3 russians and ukrainians are being tried in absentia need barca has more. The dutch judges entered the special court they are absolute Schiphol Airport in solemn silence at the start of a trial of mass murder fail and have a longer day now days of the many have waited a long time for this day the day that the mh 17 criminal trial really begins as a consequence of this atrocious disaster 298 people men women and children died a case of this complexity a magnitude is unprecedented in the netherlands among the dead 80 children entire families gone and now all 4 men stand accused of their deaths 3 russians and a ukrainian they were named by investigators is ego get in a former colonel in russias f. S. B. Intelligence service he was given the title of minister of defense in separatist held Eastern Ukraine 2 suspected members of russias military intelligence to g. R. U. Also on trial so he gave to bin ski and pull out of. The 4th suspect is Ukrainian NationalLeonid Carr Schenker believed to be a pro russian separatists commander all 4 men were absent from court believed to be in russia arrest warrants have been issued for russia doesnt extradite its citizens and the kremlins question the legitimacy of the court the trial will continue without them i do hope the judge had so many evidence on this table that the one. Guilty as rote of. Looking fairly forward to start of this process because it is so important to find the truth of the joint Investigation Team formed by australia belgium malaysia the netherlands and ukraine found that the plane was shot down by russian book surface to air Missile System brought into ukraine from russia this is the crime scene reconstructed from remaining wreckage the kremlin denies involvement. It was meant to have been a routine flight from amsterdam to kuala lumpur. Instead the passengers of the boeing triple 7 became victims of a foreign war if found guilty the 4 suspects could face life in prison little is known about who will testify before the court the identities of some witnesses may remain secret in a trial thats expected to take several years to reach a verdict leave parker al jazeera. A little strike is underway in mexico called a day without women following last march as for International Womens day on sunday the female workers are staying at home they say theyre showing what mexico is like without them john holmes is in mexico city. To day the aim of this is not just a strike from the working place but also the women dont go out in the street at top so were in a house where a group of women are just going to be supine you know and talking about this issue and sort of symbolically disappearing and much be here with modeling gomez whos a child psychologist money thanks a lot for joining us today i think what is the significance of this be a symbol head is that they without women what are you trying to do today were trying to create consciousness that women are dying and disappearing in this country not only women of a certain age its women all the way from 7. 00 to 80. 00 something and theyre dying and and theyre being pulled into sex trafficking and theyre being battered to houses and its just terrible violence towards women just because they are well weve spoken about a culture of much shes more chauvinism is this going to be enough these actions even though theyre historical the march and then destroyed to change that is just the 1st big big step is the massive not were not here anymore its a wake up of consciousness but its not the only step the has to be taken then we need more laws we need more protection of the fiscally we need things that are devoted to say protect women from sexually related gender related crimes those modeling gomez speaking to us women all over the country going to be staying indoors not all of them of course not everyones in favor of destroyed but a lot of women and in the full workforce in mexico theres actually 21000000 women thats 40 percent of the workforce this could have a sizeable impact. South africa has all of the highest crime rates in the world much of it due to illegal firearms now the government is offering an amnesty but many are skeptical this will make south africa safer for me to miller has will. This is the reality of gun crimes in south africa on average there are 58. 00 murders every day one of the highest Violent Crime rates in the world according to government statistics and experts say thats largely down to half a 1000000 illegal firearms on the streets buying an illegal gun can cost as little as 50. 00 as very it is ago because its very easy to buy a gun in the hostels or you can get it by breaking into houses in the suburbs sometimes you mark someone who has a gun its very easy to get a gun here in south africa these gang members in the johannesburg township of soweto who dont want to be identified say guns make it easier to commit crimes with 4 guns between them they call themselves a small army and they say they are capable of protecting themselves. As they continue to do commit crime we do a lot of things to have in brainwashes because when we look at is attrition at all no one is Ricky Olazabal is nothing how as can we use a gun especially one that is not licensed we hustle and bustle the wrong we just saw we can have something to eat looking phone to leave some way they say theyve all been arrested for crimes ranging from house break ins to vehicle theft while there are 3000000 registered guns in south africa the government is offering amnesty to people willing to hand in guns or ammunition that are unregistered but theyll only avoid prosecution if the guns have not been used to commit crime. So far police have collected more than 2000 firearms and over 31000 rounds of ammunition at this hand over in johannesburg gun shop owner crisp on the back surrendering more than 300 firearms he says no longer have commercial value but while the government says theyve been some successes in reducing the number of guns on the street some people say the Amnesty Program will not reduce crime would any of you hand over your own firearms. You know i want you to know. Every year close to 10000. 00 guns from handguns to a k 47. 00 assault rifles are reported lost or stolen adding to hundreds of thousands of illegal firearms on some african streets the government says its doing all it can to change that. These guns are often difficult to trace and police hope some of them will be handed over during the amnesty period but getting the public to cooperate is not the only challenge Police Corruption has also contributed to the number of illegal firearms with some Police Officers accused of selling confiscated guns to criminals and so for many the government may still not be doing enough to make south africa safer for me the al jazeera johannesburg. Your child is there of me so wrong a reminder of our top stories u. S. Stocks have plunged in the opening minutes of trading in new york as concern over the spread of coronavirus starts to have a major Global Economic impact when those market shock followed a 30 percent drop in the price of oil in it and weakening demand from the impact of creating a virus and a price war saudi arabia has signaled it might increase output after a meeting of the Oil Producing bloc opec kristen slim has more from new york. The meeting over the weekend to try to address the concern about Falling Oil Prices prices did not yield the results people were looking for the market is now flooded with oil at a time when were seeing businesses contract due to fear of the Coronavirus Travel being cut schools being closed and the markets are frankly in a bit of turmoil trying to adjust to reflecting the worry that people have over what this is going to do to the Global Economy and global profits for businesses European Union leaders told emergency talks for a Video Conference to coordinate their response to the break the number of new cases in the e. U. Continues to grow rapidly italy has the highest number of infections with nearly 7400. At least 43 people being killed in attacks in northern became the 1st so the government says 2 villages were targeted near the regional capital the area has seen a surge in violence by armed groups attacking civilians. Sudans Prime Minister has survived what the government is calling it as such they shouldve termed. Course unhurt by the roadside bomb blast but a police guard was injured in the capital khartoum the Prime Ministers vowing the attack wont hinder the countrys political transition. And the trial of former accused of murder of the downing of Malaysian Airlines flight m h 17 has begun in the netherlands 298 people died when the plane was shot down of you created 2043 russians and ukrainians are being tried in absentia. And will be Mexico Holding a nationwide strike you know the gates gender based violence they say they show you what society would be like without them as they demand Government Action or the rising number of would being hit and you can follow those stories on our website at aljazeera dot com and back with more news in half an hour here on aljazeera next its counting the cost to stay with us. Hello im Adrian Finnegan this is counting the cost on aljazeera a weekly look at the world of business and economics this week recession why an emergency fed rate cuts just isnt good enough to save the Global Economy from the impact of the fast spreading coronavirus as the World Bank Offers billions to developing nations to support Health Care Systems inside a lab thats working to find a vaccine to fight the virus an Oil Companies in the republic of congo have discovered vast oil reserves but drilling could be and