Transcripts For ALJAZ NEWSHOUR 20240713 : vimarsana.com

ALJAZ NEWSHOUR July 13, 2024

Federal reserve promising a large pile up of debt to keep the economy afloat. The u. S. Like your state is in afghanistan seeking to salvage a deal between washington and the taliban. And ip december the sport its beginning to look more likely the Tokyo Olympic games will be postponed as countries announce they wont be singing teams in the heat of world it also calls for it not to take place. All right we start this news hour in spain where hundreds more died of covert 1000 while falzon are infected as europe struggles to contain the outbreak more than 460 people died in spain over the last 24 hours pushing its death toll to nearly 2202182 a state of emergency has been extended and foreigners well theyre being banned from entering in asia singapore. Airlines has grounded nearly its entire fleet this follows decisions by emirates and Turkish Airlines to hold nearly all passenger flights many major travel hubs are closing down hong kong is banning all tourists including those from Mainland China well india india is locking down major cities to try and slow the spread of the virus curfews are in place nationwide with domestic flights now banned in addition to International Flights and in the coming hours the u. S. Senate is set to vote on a trillion dollar stimulus package but democrats theyre accusing republicans of favoring corporations over because all right lets start with barbara who study by firsts in a london tell us about the state of play there and whats restrictions are in place and are coming into place. Well the wooding is important then nick because there have been lots of press conferences by the Prime Minister Boris Johnson by the chief medical officer and so on in recent days with advice but as to restrict sions well very few where the post street station one of the capitals busiest injuring rush hour or rush hour timings earlier on there were very few people about but we have spoken to laborers who work on Building Sites around here and theyve been telling us that theyre very worried about the lack of protection for them and a lack of Hand Sanitizer and so on now 11 concern is transport because people like that do have to get about the government saying that trains have to keep running so well i would send your workers to get about but also there will be other people on those trains and on the ground as well on monday social media has been full of pictures of very crowded underground trains in london which certainly break the social distancing guidelines now there are many more angry voices being race including the head of the biggest trade union unison saying that people have seen whats happening in italy and that people who go out unnecessarily are insulting Health Care Workers in britain the labor opposition a colleague on Boris Johnson to introduce tougher restrictions on peoples movements the government says that could be around the corner if people dont change their behavior there are not many signs that people are changing their behavior right now people are still in very close proximity in shops and the like in sharp contrast to some of the internet the measures that have been introduced in other European Countries goes name everybody in the u. K. Is strewed nies in following very closely whats going on in Continental Europe well what is the latest. Well the reason with that people in britain are looking at the continents europe is because we seem to be following the same trajectory as countries like spain as you were saying in the introduction spain now has a death toll from coverage 19 of over 2000 a quarter of those reported just in the last 24 hours people in britain a hearing for nurses and medical workers who are saying that theyre already becoming overwhelmed just now in the last hour the local press is saying that in london 142 people have died thats about half the death toll in britain but many thousands more are predicted to die in the coming weeks or months and thats even if there is some kind of lockdown such as the the the rapidity of the spread its really the worst hit country is seeing a strike by workers at a chemical factory because theyre exempt from a ban on people going to work until money is getting tough finding more than 2 people gathering and theyre still trying to get flight home around 80000 people out of 200000 who was stranded abroad while people are still flying into britain from places that included chile and iran and china so the public are really asking how seriously are we getting on top not just of stopping transmission but trying to trace people who should in some peoples opinion be in quarantine testing is rather limited here in britain thats another area that the government say theyre going to ramp up as soon as they can are netting thanks very much indeed does not mean by right there in the heart of london. Need aim at referring that to germany germany has announced a trillion dollar support package to try to help its economy the new 8 plan bolsters the nearly 500000000000. 00 already set aside for loan guarantees Small Companies in the selfemployed hit by closures are to receive up to 16000. 00 now there are signs the rates of new infections in germany is slowing down the head of its institute for Disease Control is attributing the change to social distancing measures germany has more than 26000. 00 cases and 111. 00 deaths around. And in 2000. We are seeing signs that the exponential growth curve is flattening off slightly but i will only be able to confirm this trend definitively on wednesday i am optimistic that the measures are already having an effect which is very early because they have only been in place for a week and count indictment notice of contact one core element is the ability to keep track of contacts the quarantine of contacts for a duration of 14 days and the isolation of infected people these measures must be strictly adhered to for the coming weeks and months well very interesting what could be happening in germany lets take it on we can speak now to dr mohammed moneer whos of religious at Lancaster University joins us on skype from lancaster in the u. K. Dr if this is the case that were seeing rates flattening out why do you think it is because of the restrictions that are being put in place. Well the distinction that are being put in play instead is were just like open up base before like locking down or limiting the number of people in a gathering so i dont think that these are things that are making the defense if it is making the defense than it is only done to their timely actions i think youre going to have been relatively quick in applying the phenomenon like test find isolate it again please everybody individual cases you can. Add do so and by database that not only have a limited number of confection but at the same time if we limit it to suppress one it will community because if we look into these the portion of the out of people that is not any significantly different than heatedly so. That at this moment if you take the average i mean average up nearly dead people who will die they say weve meet a young population is like 46 and 18 in in germany compared to like 60 or 64. In britain many of us spec t. V. So i think the major impact they are seeing now is getting the timely action in the beginning the effort in place right and thats i think what you referred to that the numbers of those getting infected has been perhaps comparable to spain but the small from talent to right the small number of deaths relatively is the thing here what factors on the ground would create one. What he said is really too difficult to do to conclude anything here because the disease has not completed the explanation of course yet although we started we started seeing defeat in the cases and just wanted to say thats probably too early to to to conclude anything but one thing that certainly had made impact is the flu shot of c. O 2 cases where in the younger people so that means that they would have a higher chance to survive and therefore having a lower rate in your money but at the same time can also be noticed that that Little German intensive healthcare system. Has. Quite a significant claiming that they have like 25000 pounds of care about is compared to 5 or 6080 frowns and in the u. K. So therefore they got a little bit more time to prepare and that if there is going to help you need to treat every patient who needs it or will it spread it forward to what is happening in u. K. Given this experience of whats going on in germany what could be what could be good news in germany how do you think it bears out for whats happening in the United Kingdom given the precautions that have been taken the. Well certainly i think everyone and all the and the government and the Scientific Community we do understand that action plan has been needed to little to late because the whole world can tell me no British Government is really working now its all mitigation of the suppression of the curves so that the burden on the Health Care System in the news but unfortunately overall number of cases even in a prediction of the one those are confirmed to be a lot different than any other country who have not controlled media rights at that time so the important yes we are really moving toward the same direction as if you. And and and france are moving so certainly that the next few weeks are really difficult to. Write critical time certainly dr mohamed great to get your perspective on this do appreciate thats not to mean you have a virus is from Lancaster University meanwhile in the United States President Donald Trump has posted a video online urging people to stay home its called the invisible enemy and thats what it is its an invisible enemy but were doing tremendous work the truckers the doctors the nurses everybody this is doing tremendously and of course youve heard it a 1000 times wash your hands good hygiene all of that but social distancing keep away its going to have no place to go. All right lets bring in Gabriel Elizondo of course when he is live for us in new york and gabriel whats going on the New York Stock Exchange has been a big effort to try and shore up the markets generally. Yeah thats right the markets have been open a couple hours now and its continues to slide the dow is down about 2. 5 percent thats about where its been fluctuating but the bottom line here is that the u. S. Economy is in free fall and the Federal Reserve pretty much acknowledges that now what theyve done is they announced on monday a really unprecedented package billions of dollars in bond buybacks of u. S. Debt 700000000000. 00 in treasury secretary securities 200000000000 in Mortgage Backed debt and the fed said they are prepared to buy as much as needed now what is actually mean in laymans terms what this means is the fed is basically trying to fund the markets and prevent a complete bottoming out of the u. S. Economy thats what these steps are doing that also announced theyre going to be doing a package of billions of dollars to shore up Small Businesses throughout the u. S. There is growing concern within the u. S. White house and elsewhere and wall street that Small Business could be absolutely decimated by this shutdown of many cities and so theyre talking about funding Small Businesses so they can pay employees on businesses that are shut down and keep businesses open or at least paying bills and functioning at least for a month maybe 2. 00 so this is an immediate package its out there as well meanwhile in washington what you have is white house officials meeting with Senate Senators as well trying to push through a one trillion dollar stimulus package that the white house and the democrats everyone is saying is needed immediately theyre trying to push that through as early as today it could be any hour perhaps but that is also a measure that is being taken to try to stop this bottoming out of the u. S. Economy just in summary here to give you an idea of how bad this could be the president of the Federal Reserve board of st louis looked at the numbers cry. The numbers and he said. Sunday night he said that the u. S. Could face 30 percent unemployment in the 2nd quarter and could face a g. D. P. That loses nearly 50 percent in the 2nd quarter these are the kind of numbers were talking about what were hearing on wall street is. To perhaps the Great Depression these are not just hyperbole here this is what actual wall street folks are now saying comparing this to perhaps becoming the Great Depression here in the United States thats why there is so much urgency to try to get a stop to this right extraordinary numbers in extraordinary times that as another sign of that when this took the stage what was it a half ago so there was a historic difference was in the us about. Yeah for the 1st time in 228 years the floor of the New York Stock Exchange was closed to traders very unprecedented for this to happen its important the Stock Exchange is still running its running normally the dow is down about 2. 5 percent so theres a sell off but trading is happening most of the trading was happening electronically to begin with they switched to that several years ago but the traders that were on the floor were still kept there to do some of the trading theyre now completely off the floor the doors are shut of the New York Stock Exchange but the trading that those traders on the floor did has now just been switched electronically so its a little bit of symbolism more than anything else the Stock Exchange still functioning but those are the Iconic Images of frantic traders on the floor on the phone making deals thats not happening because the Stock Exchange is closed it just shows you lease the floor of the Stock Exchange is closed it just shows you how new york state new york city completely shut down as many other cities in the u. S. But particularly here in the epicenter and the shutdown is even taking itself all the way to the floor of the New York Stock Exchange 1st time in 228 years somehow it was hard to countenance whats going on gabriel do appreciate the brothers on the new york well while new infections are decreasing in some Asian Countries theres no sign of a slowdown in most of the region governments are responding with tighter restrictions new closures and travel bans could last 6 months its got highly. Even while there is some positive news on curbing the spread of coded 19 in some countries in asia pacific like south korea its of the fewest new infection cases since its peak in february many more nations are moving forward on shutting down nonessential businesses and restricting movement indonesia just began a 2 week emergency period and hong kong will ban foreign arrivals for 14 days starting on wednesday this after a recent spike in coronavirus cases mostly imported the increasing Economic Impact on the region and the still unresolved 2 trillion dollar u. S. Rescue package forced most major asian stock markets down as the new trading week started captains of Industry Leaders of union just really has implemented strict restrictions on Non Essential Services and social gatherings cited together and with the rest of the world we face this unprecedented challenge a wants a 100 year event. A Global Health pandemic that is fast becoming the economic crisis the likes of which we have not seen since the Great Depression new zealand moved into its highest possible alert level restricting movement and shutting schools to be absolutely clear we are now asking all new zealand is. Outside essential services to stay at home and to start all interaction with others outside of those in your household joining other Major International air carriers Singapore Airlines announced that it was slashed its capacity by 96 percent grounding nearly all of its fleet to catastrophic situation traffic was normal but every numbers traffic in asia fell by about 50 percent and thats deteriorated further as the gumtree march because more and more countries see focusing on fighting rain erna virus outbreaks and as a result more and more borders directions Singapore Airlines move comes after the country closed its borders to travelers even transiting passengers in order to curb the spread of the virus scott had learned. To india now which is stopping all domestic flights from wednesday elizabeth per number has more of the country wide lockdown from the capital you debbie. Most indians do understand the need for this and that is because even though the number of confirmed cases in india 414 does seem really low for a country with a population of 1300000000 people india has also performed the lowest number of tests among affected countries Something Like 3 per 1000000 it was a was about 90 a day and there are increasing concerns that the very low level of testing could

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