A coalition base the u. S. Launches a new round of airstrikes in iraq. Asian markets have opened in freefall extending a global ralphs on fears of a recession caused by the coronavirus pandemic it follows a diet day for us european and middle east in stocks invest as a bailing out amid travel restrictions and business shutdowns that are bringing economies to a halt italy has ramped up its lockdown closing baals restaurants and shops all fronts norway and ireland are among the latest countries to close schools and universities if its to stop large gatherings have led to severe restrictions owns forcing events european football matches and american basketball baseball and hockey games are among those canceled or postponed. The fallout is continuing on Global Markets on wall street the Dow Jones Industrial average sank almost 10 percent its worst losses since the black monday crash of 1987 and none in the footsie 100 closed down almost 11 percent while european markets together dropped 12 percent as for asia right now tokyo has been trying nikkei index is trading down or 8 percent south korean stocks of slammed by about 7 percent in trading was briefly suspended in india and thailand off to both markets dropped 10 percent ill get a live update from seoul shortly 1st kristen salumi has the round up from new york. These are dark times on wall street as the corona virus continues to spread and a fog of uncertainty descends on investors here and around the world we will be suspending all travel from europe to the u. S. President Donald Trumps shock announcement on wednesday night that he was banning all travel from the European Union may have been intended to calm fears. But it had the opposite effect. For the 2nd time in a week the slump in stock prices was so precipitous that trading on the New York Stock Exchange was temporarily halted on thursday as airlines began cancelling flights the u. S. Federal reserve stepped in with the rescue package this time promising 1. 00 trillion dollars to shore up markets but it had little effect new yorks main indices closed down between 9 and 10 percent leaving many wondering what more could be done to calm nerves i think were going to need to see a series of actions that look like theyre only focused on responding to this other agenda so every department the government has to sing the same song in the same tune with disabled music all these little gaps and things that people think are cute when times are good become terrifying when times are bad and were closer to bad than good at this particular moment. It was even worse for european traders as the economic implications of president trumps travel ban sunk in germanys dax closed down more than 12 percent as did france and spain is main markets while londons footsie had its worst day since the crash of 1987. U. S. Markets have now fallen more than 20 percent below their highs and with coded 19 yet to peak here its actual impact on the economy not to mention peoples lives is hard to predict that has investors preparing for the worst while everyone is hoping for the best christian salumi aljazeera we are. From abroad joins us now live from seoul for more asian markets so nosediving. Thats right the markets have continued to tank across asia this friday at one point of the nikkei in japan was down more than 10 percent thats the biggest single drop that its had in 30 years it has recovered now somewhat as it tends to do at this time in the trading day but its in all the other markets are solidly in the red the nikkei is down 6 percent at the moment the kaspi the south korean index thats down more than 5 percent more than 4 percent drop on the hang seng index in hong kong the biggest single drop that weve had recorded here in asia has been in bangkok with the thai index at one point being down a full of 13 percent which caused a suspension in trading there for a while all of this has had Central Bank Officials finance officials there holding emergency meetings in a number of asian capitals deciding what to do theres talk about the central bank of Korea Holding a meeting amid speculation that maybe Bank Officials there will be looking at the Interest Rate in a way of maybe trying to help the market out but Interest Rates are already historically low and the Interest Rate in south korea is down 1. 25 percent in japan of course it is famously 0 so theres very little latitude it seems that Bank Officials and Central Banks can do to stop the rot. Rob lets turn our attention to china where this all originated out there signs yet that some things may be returning to normal. There are encouraging signs theyve been continuing wedo for the past few days and have continued this friday theres talk about some of the travel restrictions within the epicenter of this outbreak being further relaxed outside of who were hearing from finance officials in beijing that around 95 percent of some of the Larger Companies in china are now returning to work so slowly the wheels of this giant economy beginning to turn once more across china were hearing for the 1st time that the number of new infections is actually in Single Digits just 8 new cases of the coronavirus being reported in Mainland China in hong kong sadly weve had news of a 4th death there gradually the situation across Greater China the picture is improving and in fact theres even talk of some of the massive stockpiles of medical kits and equipment that they have theyre now being offered to parts of the world in greater need than china such as western europe and here in south korea again weve had a continued downward trend of new cases only 110 new cases being recorded here so all of this good news would normally feed into Market Sentiment but all the markets here are looking at at the moment is whats happening on the world stage and looking in horror of whats happening in the United States and europe and reacting accordingly. Thank you there on the bride there live from solved. U. S. President Donald Trumps restrictions on european travelers going to effect later on friday the restrictions are just having an Economic Impact also straining already brittle diplomatic relations between washington and brussels as mike hanna reports. The irish Prime Minister arrives at the white house his bilateral meeting with the u. S. President one of the few events going ahead as should jeweled island along with the United Kingdom 2 countries exempt from the sweeping travel ban which appears focused on the 26 European Union members of the Shingle Alliance giving rise to claims that the ban has been haphazardly applied when you think of what happened to europe because it was very fast and very furious and what happened is a lot of people went from china into europe and europe suffered tremendously see whats going on and so i just wanted to stop as it pertains to the United States or Public Access to the u. S. Capitol has been suspended but lawmakers in the house are continuing to discuss a bill to counter the economic and social impact of the coronavirus and also pacing questions about whether lawmakers should stay at home lets get this bill passed 1st and then well see where theyre from there because the fact is inside the house is on fire people are concerned about their of course the house and the health of their challenger democratic president ial candidate joe biden added his voice to the discussion about how best to deal with this ongoing crisis and was harshly critical of the efforts by the trumpet ministration public fears may become. More pervasive like and trust in this president. Why adversarial relationship with the truth that he continues to have this stall public concern about the slow rollout of testing kits this despite claims by the trumpet ministration that anyone who needs a test can get one the web site of the center for Disease Control records said it has not conducted any tests over the past 4 days and the number of tests conducted by Public Health lads has dropped dramatically over the same period yesterday for example across the entire United States only 8 tests are reported. President trump maintains he is in no need of submitting to a test but this may change following reports that a man he met during talks with the brazilian leader at mar a lago last week has tested positive for the virus brazils communication minister pictured here on the president s lift is awaiting the results of a 2nd test my canner out his era washington. Mike hanna mentioned there the lack of testing going on in the u. S. A top u. S. Official who deals with Infectious Diseases has bluntly described the situation as a failing and they felt he made the comments to members of congress at a briefing on thursday the system does not. Is not really geared to what we need right now what you are asking for that is a failing and yes it is a failing there lets admit it the fact is the way the system was set up is that the Public Health component that dr that dr redfield was talking about was a system where you put it out there in the public and a physician air 6 for it and you get it there i hear of anybody getting it easily the way people in other countries are doing it were not set up for that do i think we should be yes but were not. The wife of canadian Prime MinisterJustin Trudeau has tested positive for corona virus so featured all had been experiencing flu like symptoms following a visit to the u. K. The Prime Minister says he doesnt have any signs of infection but will stay in isolation for 14 days. And a move or to be unprecedented in modern times the vatican has ordered the closure of romes catholic churches in response to the coronavirus pandemic the decree will stay in effect until early april and follows cancellations of public engagements by the pope whos been Live Streaming presence online to avoid crowds the vatican has also told romes catholics theyre not bloods to attend sunday mass while the pandemic is ongoing. Across the world sporting events are being affected all north American Sports have either been canceled or postponed that includes the National Hockey league Major League Baseball and the n. B. A. College basketball championships have also been called off in the u. K. Premier league bosses are holding an emergency meeting on friday after arsenal manager. Tested positive for the virus and the entire chelsea squad of the squad rather has gone into self isolation after one of their players tested positive it comes as spains league has been suspended with the whole Real Madrid Team placed in quarantine. And the organizers of formula one have cancelled the australian grand prix over coronavirus concerns the event was due to be in melbourne this weekend with about 100000 spectators a member of the mclaren team tested positive for the virus on thursday and is now being treated by local health authorities. David zirin is Sports Editor for the nation a weekly news magazine he says the n. B. A. Season suspension was a wake up call for many. It certainly seems that for a lot of people this did not become real until the n. B. A. Said you know were putting our season on hiatus because thats when a lot of folks will go up and said whoa this really must be something i need to Pay Attention to i have precisely because sometimes being involved in the sports world allows you to take a vacation from the real world and yet theres no vacation from what were dealing with right now left to consider several factors i mean the 1st is take the National Basketball association theyre talking about losing tens of millions of dollars when they cancelled a series of home games but its not just the people at the top who make all this money they also have to take into account the stadium workers who tend to be low wage workers who depend on those jobs for their daily lives and then theres a whole informal economy outside of stadiums where people make money by hawking various goods so when youre going to cancel an n. B. A. Game its not just about removing that entertainment from our buff they have options its also about wreaking havoc on the lives of people who depend on these games for their work and their livelihood its going to come here on all just their own civilians caught in the crossfire of poems a specialist during fighting in the Central African republic. And washington retaliate for chinas expulsion of 3 u. S. Journalists. Welcome back look at weather conditions across the radian peninsula and the middle east in general here in the gulf states where the conditions are looking dodgy find plenty of sunshine but it is the area of low pressure which is giving cause for concern it is giving some torrential rain across northern parts of egypt we sending across the sinai into israel lebanon too and you see the windows there very closely packed together so behind it is a chance of a lot of lifted a real sandstorm conditions having a big impact upon air travel if nothing else and that system is also in the stir things up further towards the east as a move the forecast through into saturday some showers also showing up across parts of iraq but what that doesnt show is the winds developing and i think theyll be a lot of dust through iraq up through the tigris and Euphrates River valleys during the course of the day things quarter stage further towards the west like so there 24. 00 degrees in some sunshine across Eastern Central parts of africa looking fine now across much of somalia kenya showers confined to the far south you notice that on the bottom your screen that circulation of low pressure and bought some very heavy showers on the eastern side of madagascar thats expected to continue as we head through into saturday but tana should stay dry ice here 27. He came from a wealthy background in paris and became an artist against his familys wishes he went on to bring a fresh perspective to orientalism painting falling in love with sahara and culture making his home and converting to islam. And his dear world tells the story of nothing and his unique artistic work. The french oriental is. An aljazeera. One. Of the. Youre watching aljazeera a reminder of our top stories this hour across the virus pandemic has dealt another blow to Global Stock Markets on friday major indices in tokyo seoul and home called all plunged by around 8 percent within minutes of opening that was off to wall street suffered its worst single day losses since 987. The record spread of the virus has caused cancellations and the perspiring mint of sporting events around the world that includes all made just for the north America League and spain and be a Straight Line drawn free. Brazilian president s press secretary has tested positive for corona virus just days after meeting donald trump in florida hes pictured standing next to the u. S. President at his mara lago resort on saturday trump says he isnt concerned that he wont be tested. For the things president roderigo to turkey has announced the capital manila will go into lockdown for a month to stop corona virus spreading from sunday the citys 30000000. 00 residents will be prohibited from leaving large gatherings are also banned 2 people have died from the virus in the philippines which has more than 50 confirmed cases. But there are concerns about how the government will implement these sweeping measures stimuli and again has more now from manila. Much of the presentation of president will be good at their day and his cabinet late thursday night was focused on metro manila in manila and the greater metropolis they talked about Community Quarantine if a certain city in metro manila has 2 or more cases than the the city should itself. Be under Community Quarantine but it remains to be seen how that is possible and what is the difference between a Community Quarantine and a Lockdown School scam of all are also been postponed and canceled until april middle of april next month operations of the government remain to be skeletal those in the private sector are also expected to minimise their interactions basically the focus of the government at this point is social distancing isolation and quarantine but several cabinet officials admit that they still have to finalize the implementing rules and regulations 13000000 people in the metropolis are actually 1000000 people are actually living in the metropolis not to mention those who travel to the metropolis on a daily basis to work here there are concerns about food supply transportation about the commute public transport the people here but in the coming days up until sunday or expecting a more clear view and guidelines as to how the government is exactly going to implement this israeli Prime MinisterBenjamin Netanyahu has called for the formation of an emergency government to confro