A quarter of all coronavirus debts states and cities in brazil move toward strict lockdowns against the will of president gyra bills tomorrow. Classes resume in france but many parents are one read about sending their children back to school. And then all the stories were covering at 34. 00 are dead in afghanistan including 2 newborn babies and their mothers off the attackers target a Maternity Hospital and a funeral. Welcome to the program a leading member of the u. S. Coronavirus task forces Want Congress of serious consequences if states rushed to ease restrictions despite the u. S. Death toll approaching 82000 the focus has shifted to lifting the lockdown and restarting the economy but in tests of in testifying to senators top Infectious Disease expert and she said that opening up too soon could result in a new wave of outbreaks well elsewhere in russia an investigation is underway after a fire blamed on a faulty ventilator that killed at least 4 coronavirus patients there. In fron
Dollaryen is doing this, a big gain in the u. S. Dollar against brent is upyesterday, and back below 70 basis points. Yvonne lets get the first word news with Karina Mitchell in new york. Promising billions of pounds per infrastructure to end an era of austerity. Plan criticalding to Boris Johnsons political mission. Offering support amid the coronavirus fallout. Former Vice President joe biden has hit the ground running, saying hes wanted michigan, missouri, and mississippi. Consolidating his lead over Bernie Sanders. Both candidates Cancel Campaign rallies in ohio on concerns about the coronavirus. And saying the countrys relationship could be put at risk. Kelly was temporarily in solitary confinement. South koreas Unemployment Rate dropped sharply in february, even as hiring began to slow. The jobless rate fell to 3. 2 from 4 a month earlier. Signalingwth slowed, coronavirus may be impacting labor. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more th
On in the session. And italy. Greece you can see that at the bottom of the screen. 54 basis points for the ecb. Significantly as well today, we have seen the fed extending the swap lines. I think this is really important because this dollar squeeze is right at the center of the market turmoil we are seeing at the moment, so we see had extended to countries like norway. Maybe not much of a movement today, but that is still up or down by 1. 7 versus the u. S. Dollar. Fall, buttinue to 0. 5 given the scale of some of the moves we have seen recently, i think we will call that well within the margin of error. Alix lets stay focused on Central Banks. They are taking dramatic action to stem the fallout from the coronavirus. The fed launched a program to support money market funds, and in europe, the ecb launched an emergency buying program with 820 billion. This morning we have new swap facilities for Central Banks in australia, brazil, south korea, mexico, etc. Paul donovan, ubs global chief
Announcer this is cnbc breaking news. Im Courtney Reagan in this morning. We begin with breaking news. A Global Market sell off under way. Dow futures pointing to a drop of 1300 points at the open but futures have hit their daily limit down across the board. That means stocks could open much lower than whats indicated right now here on the screen you can see the s p 500 is indicated lower by 151 points and the dow by 1300. Bond spark is hitting again. The ten year yield is sitting above half a percent this new record lows were hitting here nearly across the board this morning hovering maybe just above the record lows but look at the 30year bond, under 1 thats happening for the First Time Ever. At 0. 925 . Now all of this is happening as theprice of crude oil has crashed. And that is not an ap exaggeration oil is hitting its lowest levels since 2014 as saudi arabia announces a massive production ramp up and price cut. Crude is now on pace for its worst day since the start of the first g
Surveillance, im Francine Lacqua in london. She targeted bloomberg, but she said about this appointment . Have they been for it or have a lot of the focus who know the had punches for pete and for amy. They had questions . Axel first, you can see the markets will be no the banks. Surveillance. But the question is, bloomberg was surging and biden was a joining as now, Ebrahim Rahbari. Reaction of the stock has been on the markets will be in positive. Distressed candidate. I ways think it is very does this shift the narrative, important when there are some polling . The banks. Conventional wisdom tells you changes, the market has the debates do not tend to move stocks down some 0. 2 . First reaction which was in voters opinions, but this one general positive. Clients have questions around was very fractious, very we did have corporate warnings. The process but i have not passionate. Tom what is so important here, what does wiki yen indicate to received feedback that was we are looking at