Again and World Markets follow with the dow jones now down more than ten percent its officially a Market Correction well tell you what that means in business. Just hours before the twenty eighteen olympics kick off in south korea the official north korea delegation touches down including kim jong un sister is her visit the sign of a fall or just a political ploy. But its not all about politics the olympic flame is in the final few stages of the torch relay and on its way to the Opening Ceremony of the twenty third winter games. Plus the nigerians forced to flee deadly clashes between herders and farmers well take you inside the latest player of a conflict that stretches back for decades in the country. Hello im terry martin good to have you with us the u. S. Government has shut down again after a rogue senator singlehandedly delayed a vote on the stopgap measure to keep the government funded for another six months senator rand paul held up a bipartisan budget agreement that raises Government Spending the most observers expect this impasse to last only a few hours u. S. Senate has reconvened and is likely to pass the measure and then go to the house of representatives for a vote in time for government offices to open as normal in the morning. Take a listen to senator rand objection to this budget deal today the senate will vote on a bill that will add one point five trillion dollars to the debt over the next ten years the dirty little secret is the republicans are loudly clamoring for more military spending but they cant get it unless they give the democrats welfare spending so they raise all the spending its a compromise in the wrong direction. Well while washington braces for another short shutdown no theres been more trouble on wall street shares have dropped dramatically again has the latest as far as they say terry when wall street sneezes the world catches a cold and as we saw during Global Markets spasms earlier this week that is very often true everything seems to be just fine until thursday when wall street sneezed again the dow plunged more than four percent last night combined with mondays losses the slide it overall slide of more than ten percent officially puts the drop into Market Correction territory asian markets followed shanghai is down for an office and the sharpest drop in the region. After the Global Market rally earlier this week and investors were warned of increased and more frequent volatility moving forward and thats what theyre getting as seen by the dows return to the red on thursday some analysts say that algorithm based trading and preprogram sell orders are to blame others point to market based indicators first u. S. Investors fretted over a potential rise in borrowing costs as inflation picks up on increasing wages and they were anxious over the Government Shutdown but some investors are taking a longer more sanguine view. Or in one of these environments right now what do people have to realize the stock market and the economy are two different things. And the technicals of the stock market are going to fight the fundamentals of an improving economy maybe for the rest of this month theres no doubt that the economys improving and theres no doubt that some of the. Repercussions of the tax reform plan and the lower Regulatory Environment probably havent even worked its way all the way through the market yet theres little sign of an impending recession and thus a bear market or sustained sell off isnt expected either but that appears to be cold comfort to asian markets theyre following u. S. Stocks into negative territory to pans nikkei saw a slump of more than three percent and chinese stocks are on track for their worst day in almost two years as cash seeking investors dump stocks ahead of the long Lunar New YearHoliday Weekend starting next week. Right over to all financial correspondent whos standing by at the franklin Stock Exchange where trading has not yet started but daniel is the u. S. Government shutdown contributing to this volatility. Well garrett i asked this question early this morning to one of the First Investors here showing up at the stock market she said in a normal market situation she would have said clearly no but we have really seen this a very high volatility market a market that is extremely nervous extremely under president she was telling me also issues like this can really give the market some problems and we have to talk about what is happening for the second time this week wall street has been dropping many and bester is also are telling me that this cannot just be about Interest Rates at the moment that the market is really pressure. But you also have to keep in mind that we are still on a very high level at the moment and it seems when you look for example to the level of the gold price this morning also to the oil price that investors there are warry but theyre also not panicking those numbers if this would have been the case would be way up. Down here want is a Market Correction where does it stand on the Richter Scale of financial earthquakes. Yeah Market Correction that in many cases is actually considered as healthy. Is a correction of ten percent mostly in the negative way of course from the peak then the bear market would be a level of twenty percent and then we would see a crash so yes a Market Correction can be painful but certainly it could be even worse talk about even worse if everyone is so nervous right now whats keeping us from heading into a proper crash or sustain bama could. Well i think what we have to remember the following if for example im generally twenty six by the time we still saw a peak happening somebody would have invested one hundred us dollars we would still be as a level of ninety dollars at the moment and well in general the World Economy is doing very well yes we might see Interest Rates hikes happening and we might see also a little inflation happening because of higher wages and less people being unemployed but the world has not completely changed also after keep that on mine today is trading there is going to be rather difficult again investors will be even more nervous because its as i said the second time were seeing this happening today but also the yesterday the market in frankfurt was already struggling because of this situation the first focus is also showing that most likely will be starting in the red numbers but we also dont expect a crash market happening here today certainly an interesting day on World Markets today thank you very much done in frankfurt. And ill have more Business News a bit later in the show but first back to terrorism or well its interesting day on wall street interesting day in washington to go hard with the another Government Shutdown looming at least for a little while weve seen these senators in washington having a difficult time passing a budget bill yet again costing phenomenon has been following the proceedings all evening there in washington hello to you causton any idea how long this shutdown is going to last. Well most people here expect that this shutdown might last only a few hours basically there seems to be majority in both chambers of congress for this bill which is of course is based on a bipartisan deal between republicans and democrats in the senate and it was simply held up by one senator rand paul who used Senate Procedures to delay the bill but basically this will not stop the bill after it has passed the senate if you will of course go to the house of representatives theres a bit more uncertainty there because there has been criticism from both republicans and democrats about some provisions in the bill or things that are not in the bill but basically the odds are still good that this shutdown is over before actually most people go back to work on friday morning what is this impasse about why are the republicans and the democrats having such a difficult time agreeing on a budget right now one of the main Sticking Points. Well the main Sticking Point with this deal for the republican side there are some conservatives who are against spending more money for the states to spend more money anyway and this bill provides for higher spending limits for both military and non military spending so some republicans think there should be more spending and all that some republicans think more spending for the military is fine but not for the welfare programs which the democrats insisted on to agree to this bill on the democratic side of course the main point is that they said there is no mention of Immigration Reform here there is no solution for the socalled dreamers so young immigrants who painted yes illegally as kids and democrats want to have a solution there that is not in the bill so that is why so Many Democrats are reluctant to vote for it ok now so we get two Government Shutdowns within a matter of weeks there in the u. S. What does this tell us about the current state of the union in in washington. Well the political system in washington is in a deep crisis this system depends very much on the readiness of members from both parties the two main parties in congress to compromise for the moderates to come together because theres always been this element of some members on either side of the aisle not going with the party line because here in the us and them as of parliament are not so much dependent on the party or the Party Leadership they are dependent on the voters back home in their constituency so they have always been some members who voted against the party line this is why the system depended on moderates from both sides working together and to compromise and these days there are less and less moderates and more ideologues and that is why the system gets nothing done or very little done ok thank you cause indeed i mean cause and phenomena in washington. Now moving on to the Winter Olympics weve got the Opening Ceremony in china south korea ninety two nations are taking part in the games including north korea athletes from the two koreas will mark side by side under a unity flag at the Opening Ceremony thats going to happen in just a couple of hours a plane carrying senior officials from the north arrived at south Seoul Airport just a short while ago the delegation includes kim the sister of north Korean Leader kim jong il and she chunked the other members of north koreas high level delegation are fairly powerful people as well kim is the younger sister of north korean Supreme Leader kim jong the thirty year old oversees the ruling partys propaganda efforts to boost her brothers cult of personality south korean papers often refer to her as the ivanka trump of north korea now ninety year old kim young naam is the countrys formal head of state just one notch below kim in the power hierarchy he is the head of a high level delegation to the winter games the vice chairman of the Workers Party of korea is choi we who serves as a resource on north koreas politburo with kim jong il he leads efforts to recruit and develop the countries of talent now that theres also someone that hes the whole point man for reunification talks with south korea he spearheaded the january delegation that results in north korea taking part in the Olympic Games or correspondent Jason Strother is in china for us today jason what is on kim jong uns sisters agenda during their visit at the winter games. I wish i knew what she had been on her mind right now but i can tell you what everyone is talking about here. Miss kim you know jiang and Vice President mike pence actually speak to one another when they are having dinner hosted by for south korean president moon j. N. Group because theyre pinning ceremony this formal gathering is to appen already the North Koreans have said theyre not interested in talking to the americans mike pence while saying that the trumpet ministration is ready to put new sanctions against the regime has indicated that there could be some wooer room for him to speak with the north so there could be some real tension at that dinner where you have high level north korean and american officials in the same room very unusual what does kim appearance mean jason for relations between the two koreas. Certainly its a big move for appealing young to send someone within the kim family to south korea as you noted theres never been. A better send it of the kim clan down here in south korea although south korea has sent the president s to the north on two occasions i have the north has never had a reciprocal visit. Between this dinner gathering tonight and another meeting tomorrow back in so im sure president moon and miss kim are going to have many discussions about future cooperation although it seems unlikely that denuclearization would be on the agenda. Jason was so much Media Attention focused on the visit of that north korean delegation are the hosts of the Olympic Games there in the south not concerned that the Athletic Competition itself will be overshadowed. And theres no doubt that the Athletic Competition right now is overshadowed by north korea. The young china games have been generating some international Media Attention. As it was but one him jungleland said of the beginning of this year that he was willing to participate and the north and south declare that they would back into the stadium later tonight together under a unified flag and also field a joint womens Ice Hockey Team thats been all be attention on thats all the attention focused on the games right now and im sure. The government would rather have a deal on the sports and the athletics and the camaraderie but when north korea is in bad and anything they always take center stage jason thank you so much Jason Strother there for us at the winter Olympic Games in china south korea. With the final countdown to the winter games a rush of last minute preparations for host south korea in china well have a final decision on the doping scandal that has dominated much of the coverage in the run up to the games in just a couple of minutes but first lets take a look around the olympic venues and those who are looking forward to the event most. The olympic torch is on to the home stretch. The final few stages of the flames journey brought it ever near its hip young chang and the games Opening Ceremony as the torch made its way along the coastline athletes and fans were gearing up for two and a half weeks of Winter Sports action with expectations high. The german house in pyongyang is up and running and here come finance in a good metal hole is so high that the champagne is already on ice everything here is sets out to give competitors and supporters alike a taste of germany a long way from hug. For organizers its about making sure everyone has a good time. Thats not going we want to welcome many happy guests and see many sports stories written and watch many happy athletes who are truly enjoying their time here. Meanwhile in the capital so too controversial figures made their entrance impersonators of donald trump and kim jong un have arrived in south korea with a message of peace and friendship. It seems like the olympics event like this has started a dialogue between north korea and south korea which i have to think that dialogue even if it differed produces a little bit of shouting between people is better than people shooting each other up a lethal tropic can. They will do you think talk to probably go home because in my opinion theyre pretty much the same people. An unlikely friendship made reality by the people in chiang games and with official opening of events just hours away people here will be hoping diplomatic relations can piggyback on the feeling of good will to make the Winter Olympics more than just a sporting success. Tell the court of arbitration for sport the c. I. S. Has turned down an appeal by forty seven russian athletes and coaches to compete at the winter Olympic Games the russians. Had been banned from taking part in the International Olympic committee over state sponsored doping in sochi four years ago they argued theyd been wrongly excluded from the games but said the i. O. C. Its decision wasnt unfair or just really too. Well here to talk about all this is Jonathan Crane from d. W. Sports agent this storys been back and forth all around since the court of arbitration first reduced the sentences last week was this the expected outcome i think weve come to expect the unexpected with this story but certainly the i. O. C. Is breathing a massive sigh of relief because after days and weeks of uncertainty we do finally have some clarity and i think this will be seen as a win for the i. O. C. Because its essentially got its way those athletes that it wants to compete at the games are competing and those russians it d