Transcripts For KQED PBS NewsHour 20240713 : vimarsana.com

KQED PBS NewsHour July 13, 2024

All that and more on tonights pbs newshour. Announcer major funding for the pbs newshour has bn provided by. Before we talk about investments, whats new . Audreys expecting. Twins. Grandparents. We want to put money aside for them, so change of plans. All right. Lets see what we can adjust. We want to be closer to the twins. Change of plans. Ok. Mom, are you painting again . You could sell these. Let me guess. Change in plans . At fidelity, a change in plans is always part of the plan. Announcer bnsf railway. American cruise lines. Consumer cellular. The william and flora hewlett foundation. For more than 50 years, advancing ideas and supporting institutions to promote a better world, at hewlett. Org. And with the ongoing support of these individuals and institutions. This program was made possible by the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. Thank you. Stephanie good. Im stephanie sy at newshour west. We will return to Judy Woodruff and the full program after this. Senior officials held a press conferce on e coronavirus. The president announced the administration will discuss payroll tax cut and other measures with congressional leaders tomorrow. And Vice President mike pence said passengers on the grand princess cruise ship now docked in oakland, california would be flown on tuesday to bases in georgia and texas. Vice president pence said he has not been tested and does not know if the president has. In u. S. Financial markets, the bible financial read coupled with a 25 drop in World Oil Prices sent the Dow Jones Industrials average down more than 2,000 points to close at 23,851. The nasdaq fell 625 points, and, the s p 500 lost 225. All three indexes were off more than 7 today, and theyre down nearly 20 from their peaks last month. Well return to economy and the markets in a moment, but first, amna nawaz looks at the new deadly toll from the coronavirus including 26 in the u. S. And drastic new quarantine measures. Reporter as the number of confirmed covid19 cases in the u. S. Continues to rise, officials are stepping up measures to control the virus spread. Heeding a weekend warning from dr. Anthony fauci, Infectious Disease chief at the National Institutes of health. Dr. Fauci in real time, you got to evaluate the situation. If we continue to see the Community Spread go up, i think you seriously need to look at anything thats a large gathering, again, i have to underscore, particularly if you are an individual with an underlying condition or are vulnerable. Reporter across the country, communities are bracing for disruption. Airlines now say they could lose more than 110 billion. And schools are assessing their own closuresn real time. After a member of new Yorks Columbia University was exposed to covid19, classes were cancelled today and tomorrow, with remote classes planned for the rest of the week. Further north in westchester, scarsdale Public Schools have closed until march 18th after a middle School Faculty member tested positive. Across the country, Stanford University cancelled inperson classes until march 22nd after a faculty member contracted the virus. Earlier today in oakland, california, officials prepared to receive thousands of passengers from the grand princess cruise ship, docked since march 4. 21 people aboard have tested positive for coronavirus. On twitter, the president wrote, last year 37,000 americans died from the common flu. At this moment there are 546 confirmed cases of coronavirus, with 22 deaths. The virus, which affects the respiratory system, has proven to be more dangerous for older people. In albany today, new York Governor Andrew Cuomo urged seniors to remain cautious. At least 142 people in his state have tested positive. Gov. Cuomo the fear and hysteria is outpacing the reality of the situation, but the reality of the situation is people in that target group should be carel. Reporter meanwhile, in london, store shelves lay bare. Tesco, the countrys largest retailer, has now restricted bulk purchases of products like antibacterial gel and dried pasta. German Health Officials today lauded their countrys preparedness like this roadside testing in southeast germany. One advantage, of course, is that we are here on an open space, far away from infrastructure. This means that with this station, we contribute to keeping the general practitioners from being overloaded and, above all, keep the hospitals free and operational. Reporter in italy, officials over the weekend locked down the hardh Northern Region, including milan and venice, and today expanded the quarantine to the entire country 60 Million People in an effort to contain the coronavirus. One milan resident said the rerictions are sparking fear outside the quarantine zone. You can see the terror in people, even via email. In my job, i have to travel, to other cities and abroad. All these travels have been canceled also because of peoples fear. Reporter but in paris, disney land remains open, and crowded, even after one worker tested positive for coronavirus. Meanwhile, israels Prime Minister Benjamin Netanyahu said today all israelis entering the country from abroad must selfquarantine for 14 days. Still, there are signs of recovery. In china, where the virus began, Authorities Say the number of new cases in recent days are in single digits. And the mayor of south koreas mostaffected city said new cases over the weekend are the lowest in a weekandahalf. Late today in the u. S. , questions about president trumps contacts with o republican congressman who are now selfquarantined. Doug collins of georgia shook hands with the president on friday, and matt gaetz of florida flew with the president on air force one today. Both had contact with a conferencegoer in the d. C. Area, who was later diagnosed with coronavirus. For the pbs newshour, im amna nawaz. Stephanie and we will have much more on the coronavirus story after the news summary. In the days other news, the democratic president ial race ticked down to another showdown between former Vice President joe biden and vermont senator Bernie Sanders. Six states hold primary elections tomorrow, with michigan the biggest prize. Biden is looking to build an insuountable lead in delegates. Sanders is aiming to win back momentum. Well get the details later in the program. For the first time, twitter has slapped a manipulated media tag on Campaign Video shared by a white house aide and retweeted by president trump. The edited clip makes it appear that Democrat Joe Biden suggested mr. Trump be reelected. Twitter acted on sunday. Facebook initially refused to do so, but today, it branded the video as partly false. In afghanistan, there were competing inaugurals today, with both ashraf ghani and Abdullah Abdullah declaring themselves president. The National Election commission had declared incumbent ghani the winner. He celebrated with supporters in kabul. But abdullah asserted he is the winner. He claimed another ghani win after 2014s disputed election threatens afghan democracy. The Afghan People are the real winner of the election. If we had not compromised in 2014 for National Stability and unity, the country would have been in crisis. But now the case is quite the opposite, and if we were to accept the result of fraud under any name this time, it would mean the end of democracy in afghanistan. Reporter the split jeopardizes efforts to begin peace talks between the Afghan Government and the taliban. The pentagon confirms two u. S. Service members died in iraq on sunday. They were accompanying Iraqi Security forces on a mission targeting the Islamic State group. The u. S. Statement says the troops were killed by enemy forces. A dutch court today began a murder trial of four men for the downing of a Malaysian Airlines flight in 2014. The airliner was destroyed by a missile over ukrainian territory held by prorussian rebels. The presiding judge began by reading the victims names, and he said the time for justice has come. Many have been looking forward to this day for a long time, the day on which the criminal case mh17 begins. As a result of this terrible disaster, all occupants, 298 men, women and children were killed. This tragic loss of so many lives has led to many reactions all over the world. Stephanie the accused three russians and one ukrainian are being tried in absentia. They are believed to be in russia. The Prime Minister of sudan Abdalla Hamdok survived an apparent assassination attempt today. An explosion and gunfire targeted his motorcade in khartoum. The blast wrecked vehicles and brought crowds of onlookers into the streets. And, swedishborn actor max von sydow has died in france. He made a number of films with director ingmar bergman, including the seventh seal, but he gained global fame as the priest in 1973s the exorcist. In all, he appeared in nearly 200 movies and t. V productions. Max von sydow was 90 years old. Still to come on the newshour an entire country under restriction. Covid19 and a locked down italy. Amy walter and tamara keith analyze the twomarace for the democratic nomination. And former mayor of chicago rahm emanuel on the power of the modern city. Announcer this is the pbs newshour from weta studios in washington and in the west from the Walter Cronkite school of journalism at Arizona State university. Judy we return now to the coronavirus outbreak, and to italy, which was tonight put into lockdown by the government. 60 Million People told to stay home. That came after authorities there announced today another spike in both the numbers of coronavirus cases, and deaths. Over 9,100 people have contracted the disease, and 463 are now dead from it. Special correspondent Christopher Livesay filed this report from rome, before tonights lockdown took effect. Reporter the streets outside romes coliseum have for days now, fallen silent. As italy battles the biggest coronavirus outbreak outside china, the few tourists that remain at hotspots like st. Pers square walk the streets wearing respiratory masks. Mariana gomez a visitor from mexico says many have given in to the rising anxiety. I know its a phenomenon that is spreading worldwide, to all people. But what i have seen, in the few moments ive spent in rome, is that there is a kind of psychosis here. Reporter its a similar scene further north, in milan italys financial capital. What is happening in my city is worrying me a it is also saddening, because milan is a lively city, and to see it like this today, it is almost a defeat for me. I never would have thought this would happen. Reporter this, after a record jump in deaths this weekend prompted the government to take drastic and aggressive steps to stop the virus spread. On sunday, authorities quarantine the entire Northern Region of lombardy and nearby provinces, affecting a quarter million, but today they turn the entire country into a red zone. At an emergency cry News Conference today Prime Minister , Giuseppe Conte implored his fellow italians to abide by the new precautions. The right decision today is to stayathome. Our future and the future of italy should stay at in our hands. Reporter before restrictions came into force this weekend, a mad dash of travelers to catch the final train out of the region. My decision was made in a hurry. So i dont know. Lets say i am fleeing. Reporter like life elsewhere in italy has also been upended by the virus. On sunday, pope francis canceled his public appearances to avoid crowds from gathering, and delivered sunday blessings via video link from inside the vatican. Its a bit strange, this prayer today, with the pope caged in the library, but i see you and i am close to you. Reporter but not t close. He briefly waved from a window at the small crowd scattered across st. Pets square, where intensive tens of thousands would normally gather. As for tourists, many popular destinations were nogo zones. We say its bad luck becau we arrived just yesterday and the exact day that we planned to do all the sightseeing, we find that everything is closed. Reporter the coliseum is just one of thousands of sites italy has now closed across the country as the contagion spreads and the death toll soars. The toll on tourism could amount to more than in losses through 8 billion the month of may. But not all locals here see a downside. Its really fantastic because the city is so quiet, theres so little tourists. So are you afraid . We are not afraid. We wash our hands before we eat and thatabout it, no were not really afraid. Reporter instead, its the toll taken by the restrictions on other rituals of life here. Yesterdays inter milanjuventus soccer match, a huge rivalry here, was played to an empty house, after the government required sporting events to take place without fans. Today the Italian Olympic Committee suspended all sports nationwide through next month. And as of this week, the watchword from elsewhere in europe, mind the gap. Citizens must try to keep at least one meter of distance from one another in all public spaces. Meanwhile, across italys overcrowded prisons, frustration with the new measures turned violent, with riots over new restrictions on family visits aimed to curb the spread of the virus. For the pbs newshour, im Christopher Livesay in rome. Judy we now get some perspective on todays markets free fall, and the widening economic fallout from the corona virus outbreak. I am joined by mark zandi, chief economist of moodys analytics. And to look at the challenges airlines face, as people increasingly cancel travel plans, Ben Mutzabaugh, who follows the industry for the points guy, an air travel advice website. Welcome to you both. Mark zandi, i want to start with you. How do you explain what happened today . I think we saw over the weekend what happened to a major economy italy shutting down , milan and venice. People realize if it could happen there, it can happen in boston and orlando and seattle. It really spooked investors. On top of that, the saudis and the russians got into a battle over oil and oil prices collapsed. That spooked a lot of investors and energy stocks. Finally, theres growing concern about the policy response. What is the Trump Administration and Congress Going to do to help whats going on here . So far investors are not getting , a good feeling. That makes them nervous as well. There was a confluence of things that came together. Made it a really bad day. Judy you say really bad day. They are saying the worst drop in a decade on wall street. I was just reading, the s p 500 index lost 5 trillion in value since its record highs a few weeks ago. It sounds pretty drastic. I think recession risks are high. At this point, it will be pretty tough to avoid. The virus will be very disruptive. Travel, tourism, transportation. People will be stuck at home. They cant work. Then of course, youve got the fear. That is showing up in the stock prices and other financial markets. The key here is going to be whether the administration and congress can get it together fast enough to provide help. The fed does not have a lot of room to maneuver. Interest rates are already pretty low. I think it will be tough to avoid a recession at this point. Judy are you saying its likely . Yes. I think its more than likely. We could get lucky and the virus peters out and its not a big deal as it appears to be, or the congress and administration get together quickly, pass a piece of legislation to provide support for folks being hurt and to the broader economy, and we might be able to navigate through. Barring those three things, recession is likely. Judy from where you said, what does that mean for ordinary americans . Well, nothing good. Your retirement nest egg is going to be smaller. Wages are not going to increase. Some people will not hold onto their jobs. Unemployment will start to rise. I dont think we should be thinking that this is Something Like the financial crisis, 10 unemployment we got 10 years ago. Thats not what this is and its not what we will experience, but it will be a more typical gardenvariety recession which means more financial painandsuffering. Judy gardenvariety, but with a real human cost. Exactly. Judy lets go to you, Ben Mutzabaugh, someone who spends a lot of time looking at the airlines there they are having a tough time. They are having a tough time. You dont have to you could be sitting on your couch at home and know the coronavirus and the situation is bad for the airlines. We are certainly seeing that. I think what has struck me with coronavirus is that things were fine for the airlines until they werent. We spoke to some airline ceos last week at a conference in washington. They said the end of january was fine, demand in february was fine, all while it was in china. All of a sudden, the first week of march, we saw things go from fine to all of a sudden people are canceling plans or they have stopped booking as theres a fear or concern around the virus. Judy how much is air travel off . Passenger travel . I think we are still getting a sense of that. It happened so quickly that if you look at the latest numbers, you dont see a lot becaus

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