In the conspiracy theories can provide comfort you dont like the reality create another. Film about knowledge and belief trust and deception democracy of the gold bull starts july 1st on d w. 20 percent lord g. D. P. Britains economy gets a hit of historic proportions from the countrys pandemic lock down measures and theres more trouble also on the program after the biggest pullback in weeks u. S. Starts where able to rebound to get the latest from our markets man and for years brolin hotels and restaurants have been overrun with visitors now theyre trying to adapt to a new reality post walked out. On chris colfer welcome to the program. Britain is facing its deepest recession in 300 years due to the coronavirus pandemic the economy shrank by a record 20. 4 percent in april the sharpest drop on record reflecting the impact of the countrys covered 19 locked up and is not the only bad news for businesses hoping to land back on their feet Boris Johnsons government has signaled it wont seek an extension of the bracks its a transition period which is due to end on december 31st and once talks stalled that means the next shock could already be on the horizon. Earlier this week shops in londons posh west end district celebrated the news that they can soon open their doors again. You can see now they can actually come back again theyre right putting up their stores that windows is starting to be redressed so there is an excitement i think to come and see people again but the optimism got a reality check friday when the u. K. Announce a record decline in Economic Activity for april businesses are now bracing themselves for a double blow to the coronavirus the u. K. s economy is heading towards the worst crash in centuries. To make matters worse the u. K. Has officially ruled out extending the current transition period that means unless Real Progress is made in talks a new deal breaks it is increasingly likely that could harm britains trade relationship with its european neighbors and even drive potential investment away. In terms of the last chances because of threats that there will not be that Many Companies coming here that would otherwise be so its really about lost opportunities which i think no country can afford at the moment with the current across its just to create some extra loss of opportunity im on Prime MinisterBoris Johnson and European Commission president will sign off on the line are scheduled to hold talks next week. With the grim economic backdrop sinking in business is hope the video call will break the impasse. The 2nd look at Financial Markets after thursdays punishing session on wall street the big question was whether stocks would rebound and they did with the dollar jones industrial average gaining about 2 percent however the coronavirus lockdown is still taking its toll on the Worlds Largest economy all major u. S. Indexes suffered their biggest weekly percentage declines since the week ended on march 20th. Lets bring in our financial correspondent yes court in new york a rebound yes but wild swings during fridays trading session and a pretty bad look overall what are we to make of it well there there were some concerns because we got reports that in some states and corona cases are actually on the increase specially in this health west of the United States in states like arizona and texas and even in parts of california but it has been a crazy week on wall street to just think back on wednesday when the nuts that cup was it so Technology Shares for the very 1st time ever the 10000 point mark followed on thursday by those huge drops specially in the dull jobs of just an average when it lost about 800 points now on friday we could recover some of those losses but for the weeks blue chips are down by 5 and a half percent now many states in the United States are relaxing their coronavirus restrictions but a majority of people says they will maintain virus precautions what is that going to mean for the u. S. Economy. Well i mean just look at restaurants and some other places even if a lot of those some have reopened theyre far away from the same capacity they had before the virus broke out so we will see less business there no doubt whether what is true for a lot of the retailers here well probably see is some of the airlines actually getting smaller specially when we are hitting fall and the center for Disease Control on friday actually said if in some places the cases are increasing heavily then maybe those places sold those areas will have to be locked down again so what weve seen in march so bottom line is we will see probably rather an even recovery thats what old saw Jerome Powell the fed chairman into that on wednesday so turbulences are clearly not over at this point even if we had a little bit of a comeback and a little happy and here have pleased them in the friday session you know your correspondents quarter of morning from new york dance thank you. And now a brief look at some of the other business stories making headlines. Europes Industrial Production suffered the worst drop in its history in april on average you factories produce 17 percent less than they did a month earlier thats according to the euro stat Statistics Office italy luxembourg and slovakia were hardest hit all suffering 840 percent reduction. Easyjet ryanair and British Airways are taking legal action against the u. K. Governments new rule requiring International Travelers to quarantine for 14 days the airlines are already reeling from Coronavirus Travel restrictions and say these stringent rules will further deter travelers and threaten jobs sony has unveiled the new playstation 5 the Company Hopes to have new users for the end of year launch with sequels to its head spiderman and gran turismo games along. Comes ahead of microsofts next generation x. Box debut. Now in a time of lost jobs and closed Community Gathering places it can be hard for many people to feel a sense of belonging but one Community Garden in the australian city of evilly is bringing new and old ozzys together. Cookouts are a beloved australian pastime a way to bring people together. But its not often that you see maize on the barbie. Thanks to a Community Garden started 4 years ago in adelaide this staple of many recipes from the african continent is now available for purchase to the public. Very good lets once not only from off we come to communities but even from the middle east and from isha and now we are teaching even. To to you is a maze and they like. The garden is a hub for people looking to purchase maize and the demand is surging this means that theres more to do for people looking for community and jobs. But when i was see the guy did it it reminded me a whole new ground so i feel im a whole another way of a sense of belonging for people like me who come from another country. And its not just the corn growing the size of the garden is to. The Community Organization recently bought a strip of land across the road and is looking for local Market Gardeners to plant maize as well the hope is that one day there will be enough maize to make their own flower. Complete and its back to germany 14000000 people thats the number of visitors the german capital berlin counted last year the city with its combination of history and mudslides heavily depends on tourism setting visitor records for 17 years in a row until the shutdown slow the things are picking up again now since the end of may hotels and restaurants have been open and they are trying to adapt to a new reality. Its still relatively empty but things are starting to improve at the hotel ranya and violence courts back district. Over a lot of the pickets and its all. Around phillip vocalist the Hotel Manager and kitchen chef all rolled into one lunch to go is telling quite well companies from the neighborhood order lunch and pick it up its normal to the crisis so the Hotel Restaurant is only open for the few hotel guests during the evening but its not enough business. Because and it was important for us to show our presence that were still here were in charge of 45. 00 employees were slowly getting out of short time work we reduced everything and still have the breaks on but its important that our employees are in good spirits and that they have a task as much as they may have enjoyed the time they had with their families the employees now want to work and get recognition for it. And they can improve us to. Phillips wife jennifer takes care of the guests totalis 41. 00 rooms most of them have been empty for weeks hygiene is that the utmost importance decorations are at a minimum the Hotel Manager is glad that things are slowly starting to pick up again she misses her casts. We are of course more limited than usual usually were well booked with around 80 percent occupancy over the year now were at around 20 percent life is missing in the hotel not only do we all miss being out and about we miss the hustle and bustle and the hotel and. Social distancing guys when supply to the mens room too so they set up a floral arrangement that does the job. Social distancing also plays on torah ships no problem demand is low anyways theres more than enough room since the end of may the berlin River Cruise Company riedel has resumed business but with only 3 of their 15 vessels according to fleet manager. Florian fries is food the dish did the tourists are really missing the travel groups that are around during the week on the weekends its Getting Better and better because berlin brandenburg residents are saying to themselves lets get out visit the capital and take a little trip on the water i mean really notice that recently. Does smack into a strong. They used to have gas from around the world on board especially chinese mines. At least europe supporters are opening up the gun violence Tourism Industry hopes that means that lots of tourists are on their way. And thats our show as usual you can find more on our website at www dot com slash business or on our social media im Chris Caldwell and thanks for watching and enjoy. One of the most durable spacecraft ever turns 30. 3 stellar still. Rising for decades. And supplying us with a marvelous. Strace. Its a Vital Research instrument that shirt sales are our window on the universe. Next d. W. 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