3 go to to succeed in shutting down a. B. s c. B. S. T. V. By the fulfilled leg join us of a special coverage as we look at the possible demise of a media giant and the ramifications for press freedom in the philippines on aljazeera. As corona virus spreads in the u. S. Its economy is likely to face its worst crisis since the Great Depression and the spillover is expected to inflict long term damage there and around the world so what can be done to reverse the crash and can the Global Economy fully recover this is inside story. Hello and welcome to the program im how much im joined its the Worlds Largest economy and has enjoyed record growth but its collapsing the u. S. Economy could be facing its worst recession in decades triggered by coded 1000 measures it shrank by almost 5 percent in the 1st quarter of this year thats the biggest slide since the 2008 financial crisis millions of americans have lost their jobs Consumer Spending has seen its biggest decline in 40 years and many busi
As corona virus spreads in the u. S. Its economy is likely to face its worst crisis since the Great Depression and the spillover is expected to inflict long term damage there and around the world so what can be done to reverse the crash and can the Global Economy fully recover this is inside story. Hello and welcome to the program im homage im joined its the Worlds Largest economy and has enjoyed record growth but its collapsing the u. S. Economy could be facing its worst recession in decades triggered by coded 1000 measures it shrank by almost 5 percent in the 1st quarter of this year thats the biggest slide since the 2008 financial crisis millions of americans have lost their jobs Consumer Spending has seen its biggest decline in 40 years and many businesses are going bankrupt the u. S. Has pumped more than 2 trillion dollars into the economy in the past 6 weeks but many economists say this is not enough and the worst is yet to come President Donald Trump says things will bounce back
And ibutions to this pbs station from viewers like you. Thank you. This is outside source on bbc news for viewers in a u. K. And around the world. We are covering the latest coronavirus developments here in britain and globally. The u. S. Has overtaken china in a number of declared deaths from coronaviru, and as the death toll in new yorktate alone surpasses 1500, the governor has this morning. War this virus isni morero powerful and dus than we expectedng. Spain record it biggest daily rise in the number of deaths, the number passing 8000. The u. K. Also record its highest number of coronavirus deaths in a single day as the infection rate gathers pace. 381 people died. And we go to a refugee camp in greece to find out how people there are dealing with the threat. Hello and a warm welcome. We start in the United States where the death toll from the dcoronavirus has now pas chinas. More than 3400 people have died concern confirmed cases. 0 outhree out ofamericans are now are about to be
Monday. Alls p 500, nasdaq, and dow solidly higher. Sectors tell you investors really do want in on stock s a bit of a reli a bit of a relief. That comes in what is a bear market. You were mentioning there is hope around health care treatments for the coronavirus tragedy but there is still uncertainty about the economy. We are seeing the pushpull but the bulls are winning. We look at a three chart of oil. We are going to see a sharp decline. Crude is flirting with 20 a barrel as the follow from the coronavirus is really going to eat into Global Demand. That could be a longerterm concern for stock because oil is less liquid. Tell on whatier the Global Economic picture could be. Another reason to think the rally for stocks could be a rebound. We will be watching but hoping the indexes will continue. Higher, microsoft up by 5 . They have seen a spike in cloud views on working from home. We also have apple popping higher and look at j j. Sharply higher since 2008. They have announced a lea
Measures fail to emerge. On the monetary side, the bank of england, becomes the latest to cut rates treasury yields hovering around 80 basis points. Full Team Coverage of todays market plunge. Mike san tolly is with us and meg on the latest on the coronavirus. But well begin with breaking news out of washington major Bank Executives meet with the president today. Well get to wolf at the white house. Reporter the president and the Vice President and the treasury secretary currently hosting in the white house behind me the leaders of the major Financial Institutions of this country in attendance we have the leaders of jpmorgan, bank of america, citigroup, goldman sachs, wells fargo, black stone making it the type of gathering we havent seen since the peak of the financial crisis. Theyre all inside, as we speak. What will be on the agenda well, two main things. Number one, liquidity and the functioning of markets number two, lending to businesses that are most affected by the coronavirus.