Transcripts For ALJAZ NEWSHOUR 20240713 : vimarsana.com

ALJAZ NEWSHOUR July 13, 2024

Drinking water how illegal gold mining in ghana is poisoning rivers and trying farmlands and i told you sport italy calls for the european football championships to be postponed and the International Olympic committee except to hold emergency talks about tokyo 2020. Could have you with us welcome to the new leaders of the 7 Worlds Largest economies are about to begin a Video Conference on how to respond to the coronavirus pandemic amid a rising death toll and more and more restrictions concern is now about the wider effects been another major plunge on the New York Stock Exchange it dropped more than 9 percent in a few seconds when it opened triggering a trading halt while in brazil paolo Stock Exchange for over 12 percent causing trading to be suspended for the 5th time in a week when our White House Correspondent is standing by but 1st lets go to gabriel is on the whos following the markets in new york and gabe really has to be said that those Circuit Breakers were activated within seconds of the market opening whats going on right now. Well traders are watching very closely but weve basically settled in right now to where both the dow and the s. And p. Have been fluctuating between 7 to 10 percent in the red meaning negative 7 to 10 percent thats what kind of a fluctuation has been it does not appear there are going to be any gains back of this today on monday right when the markets opened as you as you mentioned within almost seconds of trading opened the s. And p. Dropped to below 7 percent i mean it lost more than 7 percent that immediately triggered the automatic Circuit Breakers you mentioned that halted market trading for 15 minutes its now back up again but we have to watch closely because if the s. And p. Goes down by 13 percent or more it will trigger the Circuit Breakers again to stop trading so watching that closely and then if it gets to 20 percent they would halt trading for the rest of the day now whats going on here in wall street is pretty remarkable quite frankly these are historic times but historic for all the bad reasons everything is in the red this is the worst month for the s. And p. And dow since 1987 this is the 3rd time in the last week that theyve had to stall stop trading on the new york city Stock Exchange because of this and what were seeing now is basically 2 things the market is reacting to 2 things number one is the market wants to see improvement in the coronavirus numbers here in the United States and were not there in fact numbers are increasing not decreasing and number 2 the Federal Reserve slashing Interest Rates essential to 0 is good in one way but what the market is basically saying is its not enough and theres nothing else the fed can do a sensually the fed has fired its last bullet from its gun as one trader described it so theres a little bit of panic on what else can the fed do they brought the rates to 0 so. What youre seeing is a reaction to that on the markets here on wall street today and it is summarized by saying as traders were coming into the new york city struck exchange employees this morning they were all stopped they all had to have their temperature taken they were all given facemask and had to sign a waiver as well just gives you an idea of not only the markets but the employees in the traders themselves feeling it from all different sides as one analyst said we are watching this slow shutdown of the u. S. Economy gabriel is on the New York Stock Exchange in new york thank you White House Correspondent can be helped at this standing by you just heard gabriel quoting. Officials there you know the slow closed down of the u. S. But i think actually globally thats the general feeling around the economy because there is a new reality now hitting countries foreign wide including the u. S. Absolutely the latest indications just another measure of how not just the economy is shutting down but also how daily lives are being radically altered the latest word the u. S. Supreme court is now cancelling oral arguments for the time being now this kind of disruption at the highest court in the United States has not been seen since to give you a little perspective 1918 that was when the spanish flu was wreaking havoc on the United States so it gives you a sense of the gravity of the moment they were in right now other indications of things that have shut down in the last couple of hours weve heard that the blubbed White House Easter Egg Roll has also been canceled now these are sort of this is something sort of a special event but it gives you a sense considering this is really something that is notable in the spring time for Many Americans to participate in this is also not taking place just another sign that life has changed dramatically for every day lives weve seen in major cities whether its new york city even washington d. C. Even los angeles bars and restaurants are closing those that are open are our operating at a very minimal capacity making sure that people sit very far apart from one another and weve seen School Children staying home in some 30 plus states of the 50 states in the United States so this is significant as well Many Americans are not going to work either self quarantining or be forced to telework if they work for the federal government and this is not something thats going to end anytime soon in fact the guidance from the centers for Disease Control if you want to have a gathering of 50 people or more dont do it in fact this is something theyre recommending for the next 8 weeks or even longer it is a new reality kimberly. Is going to be discussed wish wish all within the next stop by the g 7 leaders in a Video Conference call of course what comes out of that Conference Call is very important that each individual nation as well as the globe because people will be listening in the u. S. Very clearly and intently to what President Trump says and how he reacts after that meeting its all intertwined now isnt it. Its intertwined and this u. S. President is fighting a lot of criticism here domestically that he has at times treated this more like a political crisis then a Public Health crisis focusing on how this might affect his reelection chances so watching very carefully for his comments coming out of that Video Conference of g 7 leaders the official agenda is to address not only the economic reality and challenges but also a vaccine and on that vaccine for there are also accusations of towards donald trump that he may have tried to corner the market in terms of at least one company luring it with money to the United States allegedly as a Company Called karabakh and there are some reports out of germany that in fact this may be true these allegations now having said that here in the u. S. Side u. S. Officials denying the president tempted to do that in fact the former u. S. Ambassador to germany Richard Grinnell saying if fact that this story is patently false but whether or not we can take this seriously or not well have to wait to ask those questions because the crowd of virus task force here in the United States has pushed back that meeting giving reporters a little less access than they had hoped to have earlier this morning could get in washington d. C. Thanks very much unprecedented restrictions are being imposed across the European Union to try to curb the spread of coronavirus germany has become the latest to use state to roll out new border controls by setting up checkpoints with 5 of its neighbors a number of other even ations have already imposed controls all fronts in spain and now also considering that shutdowns lawrence lee joins me now from our london Broadcast Center and you might say the jewel in the crown of the e. U. Is to have open borders allow Free Movement of people what germany has done a really sort of strikes at the core of what the e. U. Is about. Yes exactly because it wont be shutting down airports its Something Else stopping people from traveling by road. From country to country in the Free Movement of the Schengen Area of the European Union and not only has germany now announced today its shutting its butt or at least mostly shutting its borders except to commuters and freight transport with 5 of its neighbors in the last 5 or 6 minutes or so the German Government and balance and has come to an agreement with all the regions because its federal in germany that all the bars and restaurants in the country are going to close as well and so its this sort of gradual grinding shutdown that our correspondents in the states have been talking about exhibit being being mirrored exactly in the European Union which is the epicenter of the outbreak has well other things are happening here one of the Biggest European Car Companies p. S. A. Is reported to be shutting down its car operations across europe and its also being reported from brussels that some more o. The e. U. Countries are going to rubber stamp. The they think that the stopping of travel to any of the schengen countries from what they call 3rd countries that is to say any country in the world that are or in europe that on parts of the of the shang in zone and that offer is also being put forward to going to country in the e. U. Like ireland for example and so in that sense they exert the same measure that the United States puts on the schengen countries that they werent able anymore to travel to the u. S. Thats now being reciprocates in reverse by the shank and countries and so you can see the European Union gradually go into this sort of sites of suspended animation quite how long its going to last is completely unclear the can italy which is obviously in complete shutdown theyre saying that the peak hasnt yet arrived in france which is on the way to doing the same thing. As they say its still getting worse and you have to wonder exactly what. Theyre going to get to before they start easing all these restrictions because if one country at some point in the next few weeks or months says we think were now clear you have to assume theyre going to have to have everybody else to be clear as well because otherwise the whole transmission process starts all over again and so based on that you have to think this is going to last potentially months if not a few weeks and. In reality and in the immediate narrow you might say real concern about sort of economic woes hitting the travel Hospitality Industry airlines of course affected and we also getting word that one of europes major carriers ryanair even considering grounding all of its aircraft maybe for the next 2 months. Yeah because no ones getting on the planes and they have to pay to keep the routes open even though the European Commission has said it wants to get around that for the time being but obviously if the it doesnt make any any economic sense whatsoever to keep putting planes in the air when they havent got any passengers on them thats just as a disaster economically wait and waiting to happen Virgin Atlantic is demanding that people like the u. K. Government start to underwrite some of their losses theyve called on their staff to take 8 weeks out of the next 3 months in unpaid leave and are offering voluntary redundancies of people as well chewy which is the europe where europes biggest travel company said it sits down about 30 percent at least for the time being is absolute catastrophic for these for these industries but as you say its not only that clearly in all these countries like say its really in spain where little towns rely on the Tourism Industry and people in restaurants and bars how are they going to make any money if this goes on for weeks or months it clearly something needs to happen on the european level which is i guess if not Interest Rate cuts because that isnt working as proved by the markets response today so they were going to be printing money like they did when the banks went down in 2008 of course then they printed all this money and gave it straight to the banks to stop them going under the banks so much more resilient now but what are they going to do with are going to print money just give it to people this is completely uncharted any of this moment and lawrence of course will continue to see what happens as the day progresses lansley then our london Broadcast Center. But to the middle east now where iran has recorded another big rise in the number of deaths 129 more confirmed on monday among those dead is a Senior Adviser to the assembly of experts there almost 15000. 00 confirmed cases and there are concerns the pandemic could overwhelm Health Facilities and an economy struggling under sanctions joins me now from the iranian capital. Leaders there of course saying the country has passed the peak of the virus or they are calling it too soon zain. Well when we heard this we actually did think its about a week or 10 days to early experts all month long have been saying that the peak of the virus is still ahead of us its going to continue to get worse but president Hassan Rouhani has published on his official website it says that he said the peak of the virus is over within hours of that report sort of making us rounds around the country and adviser to president Hassan Rouhani issued his own statement saying that that is not what the president meant what he actually said was a little bit different he said that the trend of the efforts being made to combat the current virus and those are promising so really some mixed messages here but if you log on to present us and ronnies web site you can still see the website quoting him as saying that the peak of the virus has passed now theres a lot of mixed messages here and that is really difficult thing to allow to have happen especially when the country is still trying to get people on board with social distancing with self quarantining and what were seeing is the government walking a very thin line between being desperate to project stability and trying to deal with the ground realities of this outbreak in iran and even if the president is downplaying and saying that the trend is promising that really contradicts the numbers that were seeing another record setting day in the number of deaths a continued increase towards 15000 for the overall number of corona virus infections in iran and what hes saying even if its just downplaying it saying the trend is promising it really contradicts what hours later after he spoke his Health Official said the head of his Coronavirus Task force in iran mr Ali Reza Zali said that this is serious that the population into iran is not taking it seriously enough and if they continue not to this could go on until june the spread could continue at pace until june he also said that this is biologically different from what weve seen in china and that the virus in iran is more complicated. Also the head of the i. R. G. C. Saying mr Hussein Salaam saying that he came on state news and he had a plea to the iranian people and literally begged them to stay at home to help stop the spread of the disease he said the virus spreads through a human chain and to break it people must please please please stay at home so very serious messaging coming from different parts of the government as the president tries to downplay perhaps the level of seriousness that were seeing in terms of the spread of the virus here. And set up thank you. Level and has declared a state of emergency in the term to control the spread of the corona virus but the country is in the middle of an economic crisis and not everyone can afford to stay at home to report on from beirut. Traffic has slowed after lebanons government ordered a lockdown private and state institutions are closed as daily life slowly grinds to a halt its the latest measure to stop the spread of coronavirus but not everyone can afford to stay home. I have 3 daughters theres no work for a tall worker some force to drive a taxi and all my health is in danger but i have no choice. The government declared a medical state of emergency to keep the number of infections in check while essential Services Like bakeries and pharmacies remain open the country will be sealed off from wednesday with the closure of airports ports and borders but some fear these measures are not enough the start of a few minutes here in the flesh only problem is many lebanese are not taking the threat seriously ask us why we wear masks and gloves one should protect himself private Health Facilities are now on the fro

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