Renewed concerns about a 2nd wave of corona virus infections as the World Health Organization reported a Record Number of new cases sunday. Yesterday more than 180. 00 times in new cases of quote good would be pulled to 2 w 2. Easily the most you know a single day so far. More than 8800000 cases 7 now been reported to joe and more than 465000 people have lost their lives some countries are continuing to see about getting increasing cases and as some countries that have successfully selfless transmission are now seeing an absolutely. Open theres websites and economies. There as we just heard this marks the largest daily increase since the start of the outbreak according to the w. H. O. Brazil had the highest increase in new cases followed by the United States and india the w. H. O. Director general also spoke about the need to maintain measures to limit the spread of the virus while the world attempts to resume some sort of normalcy we continue to urge all countries to double down on th
Not as high as economists were expecting. , it is interesting tom it is interesting, the flows right now. I felt the research over the week and a massive, massive reset of what this recovery is going to look like. This goes to Prime Minister johnson and to your wonderful conversation with the chancellor of the exchequer yesterday, fran. The idea of the United Kingdom seneca the United Kingdoms fiscal policy into the summer and october as well. There huge mysteries out there fiscally for each nation. Francine you have a government in power that should be because they are because conservatives should be more proausterity, but they are also having to deal with this massive coronavirus. Deaths from coronavirus surpassing 500,000, that is moving the markets. European stocks are falling, oil is down. U. S. Futures are not as down but they are fluctuating a little bit. Something i dont look at very often, i want to show you 10year yields, add 0. 65. Going on is something with poland, strength
Business partners to speak of the future that they see in entertainment and education, which is front and center for mr. James. But also his future in basketball. This is a lengthy article. You will see a special tomorrow on Bloomberg Businessweek. We will have highlights for you all through the morning. Lebron james is something very different. For our International Audience, basketball is a shockingly simple game. Five players aside, there is a circle at the end 10 feet off the ground with netting, real simple, you put the ball in the basket and you go home. No one has done it like lebron james. I want to make clear, the shock of lebron james is that he is only 69. There are many other bigger, taller people in the sport, but no one has executed in the game like mr. James. He is called a power forward, and that is a big deal for a little guy at 69. Here is lebron james on his new entertainment venture, springhill. Lebron it stems from my upbringing, from akron. For us, when we talk ab
A lot going on in the markets. A lot of focus on the protests, not only in the United States but also london. Lets get to your markets. Stocks bouncing 0. 7 . A lot of focus will be on this deal when it comes to gilead, big pharma this is what i am looking at, crude oil. 40 a barrel. Oil extending the rise. A european stocks dropping as investors lets get to the bloomberg first word news. Francine. New york city is missing its curfew. This as the city prepares for life after the coronavirus lockdown. Minneapolis city council pledges to begin the process of dismantling its police force. Members say they will consult the community. New zealand is ending social distancing after eliminating covid19. It paved the way for resuming normal life. It is one of few countries that have eliminated to keep the virus out. Global coronavirus cases have topped 7 million. The u. K. Is pressing ahead with its twoweek quarantine on International Arrivals despite airlines is saying the move will devastate
Fed set 2022 and what the chairman will say and what i assume will be a Virtual Press conference today. Ofncine we will have plenty market action. We will look at the markets every 15 minutes, including what is happening in treasuries. We had the oecd coming out with their economic outlook. That was released about an hour ago, and the oecd, it is a smarter way of doing it, tom. Forecasting the pandemic would cause a Global Economic slump of 6 here, but if there is a second wave, that becomes a seven point 6 slump. It is a good way of visualizing percent comes a 7. 6 slump. By thewas taken aback differentials between the bar charts of europe and the United States. I did not have in my head how much worse the guesstimate is for gdp decline in the europe verses in the u. S. It is a very good report. Francine it is also because of where europe was in the economic cycle. Lets get straight to first word news in new york city with ritika gupta. Ritika good morning. A warning from jeffrey gund