Trial which begins tomorrow, on tuesday. Chinas battling with a new and rapidly spreading respiratory virus. The number of people infected has tripled to more than 200. President xi jinping says it needs to be resolutely contained. The virus first appeared in wuhan in december the authorities says it passed to humans from infected animals at this food market in the city. There are now confirmed cases in beijing, shenzen and shanghai. Also, south korea and japan have now confirmed one case each. And there are two confirmed cases in thailand. Three people have died from pneumonia which has been caused by the virus. Earlier we got this update Chinas National Health Commission confirming the virus has been passed from person to person and has infected some medical staff. And this spokesman for Chinas Foreign Ministry today called the outbreak an epidemic. This virus is understood to be a new strain of coronavirus. Heres expert tohelp us understand that. Coronaviruses come in different form
We have an exclusive interview. In hong kong the government is again rejecting calls for universal suffrage for the chief executive here. This as anger bubbled back on the streets of hong kong. Shery australian markets have just opened to trade. Lets turn to sophie for a check of what she is watching. Sophie we are seeing stocks gaining ground,. 1 with the stock market looking overheated and valuations and records. The latest, investors buying into the aussie stock rally. Environmental risk around the earnings estimates. Futures looking mixed. It is opening slightly lower, this nikkei futures under pressure ahead of japanese industrial output we will get later this morning along with taiwanese export numbers and jobless figures from hong kong. We are seeing new york crude. 1 , asground over investors consider the potential impact from the auction health in libya and iraq. Said this is a policy delay disruption and there could be a quick turnaround if there is a political solution. Liby
Banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk and uncertainty in the market there were rumors going around that your partner banks were insolvent so when you hear Something Like that as a bank thats a huge risk you dont want to lend to an insolvent partner so when you see a risky client you want to charge them 5 percent 10 percent. Tiene pe
Move is the 1st of its kind since its 2008 financial crisis and the scary part is the fed still doesnt know what caused the spike so lets take a step back and really understand what the repo market is its essentially a short term borrowing market where banks and institutions lend to one another banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk
Television Entertainment Services. But more than two hundred eighty five chapters in the music and more. I thought santa was fine piano in sochi and ten on a thursday evening here in seoul. Canadian tour of europe in korea and hello to those of you were watching from around the world to boxing fights and his life and soul mind if he can send a note and thank you for joining us in a very hearty hello and welcome to those of you watching us for the first time through directv americas number one satellite tv provider that this is a special evening for those of us here in height and tv as we are around to announce that starting today at the mtv will be available on directv and channel number twenty nine e five two o nine times. For more on this exciting d view claudia ninety be joining us this hour from the United States has a very familiar name and face showman who is standing by her studio in los angeles no they shun tell us more about this momentous occasion why guys starting today many