The strain of coronavirus. Has declared he will suspend immigration into the United States through an executive order the us president in this tweet said it was in response to the coronavirus pandemic he refers to it as the invisible enemy and added that he has to protect american jobs so well that was an announcement of 3 swift condemnation from some in the Democratic Party who accuse trump of distracting people from what they describe as his faulty response to the outbreak well start with this john hendren chicago. The president issued this tweet in the dark of night and he seemed to do that for good reason he could have made his announcement at his daily News Conference where he talks about the coronavirus and all of the actions the administration is taking but by issuing this mysterious tweet late on a monday night he gets the morning news cycles where the newspapers d in the morning shows talking about what hes had to say and then in the afternoon he gets another round where he explains what his policy is and then it gets to gestate and analyzed again and the president wants to show that hes doing something the centers for Disease Control just a month ago in a little known action. Issued an order that allowed the United States to stop people at the border who didnt have the proper papers and because of the pandemic that order allows them to send people back similarily no Court Hearing no chance for asylum theyre sent back automatically and now the president is expanding that to include any immigration from anywhere. Now on top of that weve had for the 1st time in history u. S. Oil prices going below 0 into negative territory but have since come back but only to about 2. 00 a barrel and that sent new shockwave through Financial Markets there is of course a worldwide glut in supplies as factories cars and airplanes will sit idle we will talk that through in a moment with our economics editor more on what it all means what could happen next or you can also say we have some Wonderful Team in baghdad of course iraq an Oil Dependent country and to figure pollan in hong kong looking at asian markets team we will be with you shortly 1st and again. At the beginning of 2020 a barrel of u. S. Crude oil cost around 60. 00 then came the coronavirus pandemics forcing states toward a lot downs emptying streets closing businesses and shattering factories across the nation demand dried up and the price fell to 18. 00 a monday things took a catastrophic turn for the 1st time in history u. S. Oil went into negative territory a doomsday scenario for the entire industry President Trump called the drop interesting despite the crash hitting the stock market were filling up our National Petroleum reserves through dziedzic you know the strategic reserves. And were looking to put as much as 75000000. 00 barrels into the reserves themselves that would top it out that would be 1st time in a long time its been tapped out would get it for the right price capacity though both on land and sea in the United States is filling up since march stockpiles in some locations have risen by 50 percent in some places the price of fuel is now at a 10 year low demand is down theres no certainty when states will reopen and all of this comes as a severe blow to President Donald Trump hes going to Great Lengths to protect the oil sector working with both russia and opec to reduce. Reduction now the entire Global Industry is an unknown president in crisis the Historic Deal to slash production by millions of barrels a day involved saudi arabia russia and other Oil Producing nations but experts say another global effort is needed were probably down a 1000000 from normal 10000000 barrels down to about 9 that probably needs to come down some more but all the other Oil Producing countries need to do the same until the the economy recovers the plunging price is a driven by trading deadlines oil is traded on its future price contracts are due to expire on tuesday why is it virtually nonexistent some traders are now paying to get rid of oil instead of buying it the president says the industry will bounce back they got caught and there are a lot of people that are not too happy because they got caught so you take a look at it youll see its more of a financial thing than an Oil Situation but because you take i believe in a month to go a little bit its a 25. 00 and 28. 00 or so its largely a financial squeeze. If there is a Silver Lining those on the front lines of the coronavirus will pay less to fuel because a recovery in demand for oil is now dependent on oil prices that in many parts of the u. S. Is far from over and to go across jazeera Miami Florida all right starting with our economics editor. But this is all future looking i think its really important outlines of people that we are looking a month ahead and then i guess effectively have to start looking another month off the bat and say does the prognosis look any better. Youre absolutely right theyre a man so this it is a contract which basically means that youre going to get the lid off your oil in may and not not seen april where we are right now and the next contract which starts tomorrow is for deliberate in june and that runs for another month all the way through to the middle of may and then we should have a change of contracts now we had a lot of stuff come together at the same time which had a massive impact on your price yesterday 1. 00 of the problems was that there was a huge amounts of all bets are on the oil which or which people predicted would actually be higher than the price is currently and so were going to see you know the next 3 days were going to hear a lot about companies maybe investment banks who are in the market maybe trate houses who are made huge losses we already know that is trading has its our Team Singapore which couldnt get a 3800000000. 00 loan from its banks or to cover some of the slots this and. June price is also roughly at about 22. 00 a barrel and trade you hoping that that remains the norm because anything below would be absolutely destroy the all the u. S. Shale industry which could lose millions of jobs thank you for that our but only our economics editor and london at the moment weve also got some Wonderful Team in baghdad a bit of perspective someone or from a country which is so reliant on oil they must be concerned about the us. Indeed and the drop in oil prices is already having a profound impact on iraqs economy according to the latest World Bank Projections g. D. P. Growth is expected to contract by 5 percent this year while the fiscal deficit is expected at over 19 percent thats compared to a 3 percent surplus last year now what this means in practical terms is that the government cannot even pay salaries for its own workers as well as pensions if we look at the month of march the government earned less than half of what it had projected last year and it was 1000000000. 00 short of paying salaries now this is an extremely precarious situation in the country where the government uses salaries and public subsidies to ease political pressure and also lets remember that for months now weve had a widespread antigovernment protests in one of the major grievances of those demonstrators was the lack of jobs so here you have a government that has tried to ease those protests by promising new jobs but right now its in the position where it cant even on or all the commitments to pay roughly 3000000 people it employs in the Public Sector now that leaves it with the following options it can borrow against its foreign reserves but of course this comes at a risk of not having sufficient foreign reserves to back its currency which is pegged against the dollar and it also has the option to borrow on International Markets but for example if it were to reach out to the i. M. F. And world bank for budgetary support it would have to accept several recommendations to restructure its economy and of course that is something that is very difficult to do at a time of contraction thank you simone a full team in baghdads european markets have opened lower on account of this u. S. SOil Price Crash or youve got some gold stocks 600. 00 its a pan European Index would fill about one percent at the start of trade puts in london 1. 7 percent the dax in frankfurt accounts in paris spoke to pursue. Down and that south well the worst day for about a month in asian stocks tokyos nikkei finished almost 2 percent dumb Hong Kong Sydney seoul off one percent and shanghai and singapore down as well so difficult pollen in hong kong pretty poor picture right across europe and asia there how the asian markets responding now welcome all the message that asian markets are hearing is that the u. S. Economy is in trouble and its likely to have a huge uphill battle in trying to revive its economy and thats balance effect the Global Economy economic recovery and youre feeling the ripple effects here in the stock markets across asia as you said there many of the markets closing down or edging downwards to the close but whats also interesting is china although it is closing in negative territory it seems to have been boid by certain stocks that have to do with the oil markets talks particularly not necessarily Oil Companies or refineries but stocks that have to do with distribution and storage and i want to say thats because china is slightly trying to boost up its oil reserves in other words take advantage of these extremely low or negative oil prices to shore up their reserves that they have now trying to is hoping to open up its economy and get it restarted again after the coronavirus of breaks the message it wants to send is that it is on the path to recovery and by boosting its also talking oil reserves that having them at such cheap prices that can only help their their plants there you go problem with that update from hong kong thank you in the news ahead. Brazils president joins a rally against isolation measures and and so a long political stalemate in israel the stories in the headlines and among. How i we got some nasty weather into the mediterranean the moment central saw the process it was big line of cloud here to sing some really heavy downpours deep area of low pressure swirling away across that western side of the mat in particular further north and its not too bad a slushy fine and dry quite a key way in there that will draw in across a good pass off the United Kingdom london at around 78 celsius wont feel as warm as that is a fresh wind coming in from the north say that its going to feel a little on the cool side at least it will be dry a very different story similar temperatures unitas into spain into italy 1617. 00 degrees or so heavy rain there just around the northeast of spain pushing into southern parts of france could see some heavy rain for a time to central areas of italy possibility of some flooding anywhere in this zone it will sink a little further south with this we go through friday warming up in a room to around 20 degrees celsius further north just as fine and dry will see temperatures of around 900. 00. In the sun sign some sunshine to across northeastern parts of africa a little bit of clout there towards egypt but the thick of cloud is over tools of northwest so we will see some cloud right leaking out of the Upper Peninsula into northern possum are ok. But. As the world fights the corona pandemic were learning more about this every day in the new black. I think you can join our Global Community ill see how we come together to fight answering your question can i just as you think this is directly whats coming on on you tube as youre saying im concerned about the funny life for nothing or a question of keeping you up to date and weve seen countries retreat back and beaten back to the stream on 00. 00. 0. Well take you to the top stories now on aljazeera president says he will sign an executive order to temporarily suspend immigration into the United States because of corona virus he also tweeted he must protect american jobs for the 1st time in history u. S. Oil futures prices have crashed below 0 into negative territory since come back to about 2. 00 a barrel but that crash caused markets in asia to suffer one of their worse trading days in a month the nikkei in tokyo was off limits to. The outbreak in russia continues to surge nearly 5700. 00 new cases confirmed in the last 24 hours pushing the total to over 52000. 00 a virus has now killed 456. 00 people in russia president Vladimir Putin has warned the peak of the outbreak is still to come. After declining for 2 days theres been a slight rise in new cases in germany just under 800. 00 reported on tuesday bringing the total in europes largest economy to around 143000. 00 the german chancellor Angela Merkel and urged people to stay disciplined as some shops were allowed to reopen on monday over 4 and a half 1000 germans have died from coronavirus. Well the pandemics forced a strenuous 2nd Largest Airline into voluntary administration to the government refused to bail out the day to day running of Virgin Australia is to be placed in control of another company while its assets a tallied up by headlines Worldwide Travel restrictions and border closures grounded most of its fleet and compounded its debts which are in excess of 3000000000. 00. It has been. A necessary decision made by a board of boredom boy and on fraser to Global Pandemic covert 19. This is not just something that is getting virgin to strongly we know its hurting the industry globally and is the worst process and i was saying that you should were not immune to that. Might a very courageous decision last not to put the company into voluntary administration and do so quickly more now from nicholas cage in sydney she explains why the government turned down surgeons request for help. Airlines around the world are under huge pressure right now so this will come as no surprise to anyone whos been watching this play out Virgin Australia is billions of dollars in debt and most of its fleet has been grounded 2 to carve it 19 and for weeks it has been urging the government here to hope with hundreds of millions of dollars in laurens to try and get it through these crosses but that has been rejected by the government on several occasions it says that its not willing to buy a lousy company which is largely foreign orange by large shareholders with big pockets so it would be a huge blow to the strike if Virgin Australia did collapse nearly 10000 workers are employed another 6000 on top of them directly indirectly work for Virgin Australia and this comes at a time when unemployment is rising because of coronavirus this is not something that the government wants to see happening. Still in australia in the Prime Ministers back in coles from his top diplomat for an International Investigation into chinas response to the virus crisis donald trump was a war in china of consequences if it was knowingly responsible for the pandemic chinas government denies accusations by the us and its allies of failing to respond adequately. I think such an inquiry is important and we can respectfully have a difference of view from thats but thats been put by china. The virus began in china and will harm that i think will understood and its important that the w. I. Fi. Acts and all parties the part of the act with right transparency i think this is important regardless of where a virus might break out france has stopped all flights from outside europes open borders shang an area the french transport and environment minister is both on says the closure is likely to remain in place over the northern summer france has registered more than 20000 deaths the 4th country to go beyond that point. Spain and the United States. And factions across latin america are now beyond out to 1000 and most of them are in brazil its president though is demanding an end to restrictions on his this week and supporters say he should call in the army to get his way often john home of. The critics of brazilian president joe you both are not over this rally was another outrage perhaps the most serious since coronavirus began he spoke to supporters outside of the Brazilian Army headquarters many of them cool for congress to be closed leaving the military intervention to get there and his wish an end to the current team measures imposed by many state governments oh no. We dont want to negotiate anything while we want to sacto for brasil. Desperate for people to get wood despite brazil already having the highest rate of corona virus cases in latin america. 70 percent will be infected if not today then next week or next month its had a reality we have to take care of the elderly and those with Health Problems the rest have to be careful but have to work. Theres widespread opposition to that and to him yesterday there was a a movement brazilian government governors 20 out of 27. 00 governors of brazil state governors they have signed a document in common in defense of democracy and of course repudiating also that it was participation that. Demonstration so that happened yesterday and trai