Defense cooperation with agreements for india to purchase more than 3000000000. 00 of advanced American Military equipment including apache and m. H. 60 romeo helicopters the finest in the world there was also a deal between us energy big hit to exxon mobile and the Indian Government to to see the americans improve Indias EnergyDistribution Network it will mean the u. S. Can sell even more of its oil and gas to the subcontinent after that closely watched comprehensive trade deal President Trump says theres been tremendous progress but theyre not shaking on it just yet. Correspondent joins us now from delhi take us through the main Sticking Points on that eventual trade deal. So you know even the u. S. Even now indias biggest fear is still wants a bigger share of the market especially in a guy who is. Stated to have potentially the worlds biggest middle class saw the 1st ticking point of course eve access to the indian market for many goods are particularly. But india of course has the dexterous policies in certain sectors and it wants to keep it that this and of course is the trade deficit between the 2 countries which isnt indias people at the moment in fact president jumped up this up several times during his visit here in the last 2 days he calling unfair and he said that his country wouldnt have it and it would have to change so this means that india would have to accept the additional tax that the u. S. Has slapped on india specially in a. Steel industry and one of the last Sticking Point is that on. The issue this issue of the station. Which is the essentially the storage of they dont look as if were sitting in government wants. Companies like google and amazon pushed back and said thats very expensive for them so thats again a major fault of disengagement between the 2 countries what about these other deals that are being announced on this visit at the or any of them actually new. Oh not the mean ones actually you know we do not expect some defense to use a lot and im pleased especially until its just at the helicopters but you need and also the announcements that they need on the way to energy now again as weve all said pull the leaders of the to he said this is a new way. In the u. S. To egypts relationship but to me though he does actually what that means you know im going focus and we have to wait and see what these details are so just briefly do you reckon trump has a friend in modi i mean its said he needs a pal as a counterweight to china. Well if were to believe the delete does then yes they certainly seem to feel as though they said that if he didnt leave over the last few days obvious to d. J. T. And also makes a lot of sense the us to build a better relationship with india especially at a time where a presence in this region and in the middle east. Declining and increasing so this is good obviously providing a vacuum that china the saloon so i think the book on chief executive night that mutually beneficial relationship which is why he said you know youve also seen their step up. In defense opposition. Surbiton excellent talking to you thank you very much. And lets bring you up to date on the Financial Impact of the coronavirus now italy says it may need budget leeway from brussels the euro zones 3rd largest economy is struggling to prevent an outbreak spreading traders on global exchanges are doing their best to keep their cool. A slightly kharma day for stock markets yesterday some exchanges saw their steepest one day drop since 2015 today more mixed picture. Some exchanges opened slightly up and others down the mixed picture is partly down to chinese factories slowly reopening signaling a replenishment of Global Supply chains tempered by the near inevitable reality of a Global Pandemic now is to try and repair so were in a phase of preparedness for a potential pandemic Seoul South Korea is quiet its too late for preparation instead disinfecting the main train station new cases are being detected around the world such as here in poland sicily southern italy it means that business as usual is becoming impossible. There is of course an Economic Impact to you to the suspension of activity including for the regions directly affected but we are ready to deal with this emergency youll see that we can manage to limit the negative impact including the Economic Impact. Few analysts are predicting a global downturn largely because governments are willing to step in with measures to stimulate the economy but the last few days show that every time the virus spreads to a new country stock markets and the economy more generally take a hit. The white house is seeking 2 and a half 1000000000 dollars from congress to respond to the epidemic the money would be used to speed up Vaccine Development and help the u. S. Prepare for possible cases speaking in india president from try to sound upbeat. We other than yesterday which was. Something pretty bad with respect to the virus and well see what happens i see the futures are up today fairly substantially but thats a very serious thing but we think were in very good shape in the United States weve essentially closed the borders to areas where we had to close them taiwans parliament has agreed a stimulus package to help ease the Economic Impact of the coronavirus politicians have passed a bill allocating close to 2000000000 euros in aid the money will provide Small Businesses with cheap loans and support the Tourism Sector which has seen a dramatic drop in visit the numbers Coach Companies will have a tax cut for the plans include vouchers to spend on food usually to a strong night markets. Finance textiles they could suffer as a result of the virus produces a focusing a severe shortage of materials during the 2nd quarter of the Year Companies say they have sufficient materials until the end of the 1st quarter the production beyond that could be hampered by difficulties importing from key supplies in china japan and south korea yesterday british Clothing Company prime arc said it may have to speed up or up production in countries outside of china like vietnam to counter supply problems but it sounds like vietnam has problems of its own. Its also is how intertwined global businesses have become and how vulnerable they are for conoco told from the German Association for supply Chain Management says some companies are shifting operations away from china but that its tricky to read the situation ad react this is something now where how our companies see that Risk Management is getting more and more important and that us is. These entire supply chain and analysis of the entire supply issue and supply a portfolio to see where can we shift some issues attorney to root of transport an issue so all these aspects putting all together under a concrete evaluation and lettuces also for the future to be even better prepared if such kind of situation should ever cure again especially from the chinese authorities i think transparency of keeping up transparency is crucial so that we all can get an idea of what they did about the dimension that this virus is bringing to the Global Impact and furthermore from the german torah hes also talking about the German Federal government so far we believe that the Risk Management is quite good but however if this crisis will continue on having an impact federal government should also have a look. Not only on the health issue but also what they could do to stimulate or to protect the german environment in terms of economy lets take you back over to frankfurt throughout financial correspondent the Chelsea Delaney noticed dramatic today is far stocks go but some big moves for bond markets and oil. Thats right theres been so much focus on on the stock side of this this dramatic declines weve seen in global stocks but the bond market in particular has also been seeing some pretty intense moves over the past couple of weeks and its sending a slightly clear signal in the stock market a week ago us stocks were at record highs but the bond market has really been sort of showing concern about coronavirus pretty steadily for the past several several weeks its today the 10 year treasury yield thats really the world safe haven asset fell below its record close so its getting very close to a Record Record lows and that really is signaling peoples concern about the global Economic Impact of this but also the rising expectations among among investors and traders that this is really going to force the Federal Reserve and other Central Banks to respond with more Interest Rate cuts the other interesting market youve mentioned was oil oil has also been hit really hard by this this is obviously going to reduce demand for oil imports from from airlines from for manufacturers but its also raising sort of existential questions about the future of the opec suppliers theyre holding a meeting next week and theres already been a big rift between russia and other Oil Suppliers so i think investors are really focusing on that as well as you let me thank you phil chime in. And most trouble in paradise before we go you would have heard about the tourists traps on cruise ships because of the coronavirus now no ones allowed to leave a hotel on Spains Canary island the h. Tang costa daisy palace on terrorists is on a track down old block down rather after a visiting italian delta tested positive for the virus is footage was filmed by a british guest whos stuck in the hotel hes now mr flight all of italian doctor who caught the disease is being treated at a hospital on the island. Last in business with you. I am like you call me. Sick wow. Shall come with the flowers massive attack on a bunch of pussy. Can a time for color mistake a dust storm. Taken aback. Our fighters want to start families to become farmers or engineers everyone of them as a planet in a super you soon summoning is just that the children who have already been there all. And those that will follow are part of a new process. They could be the future of. 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