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Stocks plunge despite global central bank action

Wall Street halted trading again despite efforts to ease the coronavirus economic pain.

Wall Street halted trading again despite efforts to ease the coronavirus economic pain. The Βι¶ΉΤΌΕΔ's Samira Hussein at the New York Stock Exchange brings us all the latest market moves. We ask former Federal Reserve governor Dr Randy Kroszner what more central banks can do after a range of measures were introduced overnight. With travel restrictions in place, the global aviation industry is now grounding huge numbers of flights to deal with the slump in demand, and many airlines are laying off staff or asking workers to take unpaid leave. Alex Macherras is an aviation analyst based in Qatar and tells us whether these drastic measures will be enough to stave off bankruptcy. We find out how hoteliers are coping with the unprecedented situation by talking with Andy Chappell, who owns the Molino del Santo hotel near Malaga in southern Spain. Plus we hear about a scheme in Africa aimed at helping consumers get access to cleaning products in the fight against coronavirus. Juliet Annamah is Nigeria chair of e-commerce platform Jumia and tells us about their partnership with consumer goods manufacturer Reckitt Benckiser.

(Picture: A Wall Street market trader. Picture credit: AFP.)

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27 minutes

Last on

Mon 16 Mar 2020 15:32GMT

Broadcast

  • Mon 16 Mar 2020 15:32GMT