A lower those 2 had recently traveled to italy and reported the contract of the virus there mexico is now the 2nd latin American Country to register the virus and the largest city on the african continent lagos which has a population of over 20000000 people has also reported its 1st case from an italian patient the w. H. O. Continues to warn that this virus will likely soon be in every country throughout the world. The continued increase in the number of cases and the number of affected countries over the last few days clearly of concern. Just have been monitoring this development squint universally and we have no increased assessment of the risk of spread and the risk of impact of corbett 19 to very high global level. Well lisa china there is some good news in Mainland China they are reporting 327 new cases that is the lowest since january 23rd and chinas biggest 3 airlines they have restored some International Flights with that lets go to kristie to start off this weeks market walk.
To get to on this very busy day lets get started. And we begin with another bloody day for wall street down another 1000 points and yes we have now seen the worst week for markets since the 2008 financial crisis wiping out as christy just said 5 trillion dollars from Global Markets im going to say it again wiping out 5 trillion dollars in one week were going to break down Global Markets and the horrific week they just had in just a minute but 1st lets get you caught up on the very latest with the corona virus which of course is blamed as the catalyst for all of this so here are the latest numbers more than 83000 people and at least 53 countries have been infected and of those more than 2800 have died outside of china the largest number of deaths is in iran at 34 where that country has seen a huge jump in infections to ron had already canceled friday prayers at the capitals of 23 of irans 31 provinces u. S. Secretary of state might bump aoe says that the u. S. Has. Offered to assist ira
Controlling this area meant access to charleston, South Carolina, an important confederate port city. This was part of the emerging civil war blog symposium. Its 50 minutes. Its my honor to present our next speaker who currently serves as a primary and secondary educator with the Public School district in northeast ohio. Previously dan was the Education Programs coordinator for the Gettysburg Foundation and also continues to serve as a seasonal park ranger at Gettysburg National military park. Dan received his bachelor of arts from Youngstown State University where he studied instrumental music education, particularly in the french horn, which i understand is pretty much means learning how to play on the upbeat for anything that souza has composed. Dan provides a valuable service here for emergence civil war, something you receive every month. He solicits all the news and notes for the merging civil war newsletter. And its certainly a tasking, thankless job. For as much as we love to w
With the turkish leader. Much of the focus quite appropriately for the Business Network what the chairman of the Federal Reserve is saying right now. You know had three rate cuts this year. The third one just last month. He seems to be indicating he will keep his powder dry, holding fire for a moment. He acknowledges trade headwinds, other issues could slow things down. He is always ready to pounce if need be. He is certainly not indicating anytime soon. Get the read percent from our own Edward Lawrence. He has been monitoring all of this. Edward . Reporter neil, the testimony will go on for another 30 minutes or so when the Federal Reserve chairman has to leave here. Federal reserve chairman Jerome Powell told senators and Congress People does not see a rate cut for december unless check data would come in better than expected. He said the Federal Reserve would act going forward. He painted a glowing picture of the economy. He said the Consumer Spending. Wages are rising. Job market h
At the table, we have u. S. And we have the chinese reformers and we have the chinese hardliners hsbc is reportedly set to slash up to 10,000 jobs as they look to cut costs on the new interim ceo. Buyer shares tick higher after another trial over the roundup weed killer is delayed the German Chemicals giant is inching closer to an out of court settlement. And ams fails in its 4. 5 billion euro takeover bid sending shares in the german Lighting Group lower, but they tell us the company is open to collaboration with the austrian chip maker well, good morning and welcome to street signs. Its the start of a new trading week so lets get into some of the price action wall street saw a higher close on friday. We had goldie locks employment report the headline number came inside lower than expectations still showed pretty firm backdrop with Unemployment Rate at 50year low. That yielded to somewhat of a mixed session for asia the focus overnight has shifted to those upcoming trade talks taking