[please stand by] virtually no cars, no motorcycles, no anything. Things that would normally be taken care of, we dont see anymore. The ship is ready, but it has to, if we need it, needed for the virus, we would be using it for that. We would prefer not but if for any reason they need it, it is ready, willing and able. We have the we have the best logistics officials anywhere in the world and we are orchestrating a massive furlough response federal response unlike our country has ever done. More and more we are using medical people because of the states, iniction particular, new york, new jersey, long island has become a hot spot, part of new york. Sending a lot of things and now personnel where it is needed, military personnel. As of tuesday we will have deployed over 3000 military and Public Health professionals to new york, connecticut and other parts of the country. The number is going up. Off in we see a leveling the hottest spots of them all. You will see that over the next few d
Manus a warm welcome to daybreak europe. The numbers have dropped on hsbc. Job cuts. Share buybacks have been abandoned. A hugest impression is restructuring with a kitchen over 7 billion. That is a reality check on growth. Cost cuts are aggressive. And the reaction in hong kong not great, dropping as much as 3. 2 . The buyback and the plan to suspend those could be part of that. You talked about the 7. 3 billion charge and the bank still looking for a permanent ceo. That was Something Else we were looking out for. There were some changes in personnel but not at the very top. And cost cuts. Says it has hsbc yet to factor in the impact of that virus. Manus the fact that they have ripped the heart out of the Share Buyback which is one of the reasons why you believe that quinn can turn the business around. He has not been anointed or appointed. They are prevaricating. The goodwill impairment comes down to 4 billion in the investment essentially, they want to reallocate some of the freed u
Energy stocks and financials are leading the overall market, while safe havens outperform well discuss the impact on the coyne vines. Dr. Anthony fauci will join us he is part of President Trumps task force on fighting the virus. Steve weiss is join joinin for the hour. What do you. I think the market should take it in stride. Weve had other Companies Come out and talk about the virus they make chips that go into handsets in china and primarily asia, also tmobile here they had they were lowering their forecast youve had other come out. And ive talked about it on the Halftime Report but we all spoke to micro, but in it continues, invariably it would continue in my view you take opportunities to get further invested if youre underinvested in certain names, because its a one or twoquarter phenomenon. It wont impact what i view as the supercycle in invests particularly in semis. So what the market is pretty much ignoring today are what a lot of people ignoring, the test it is companies, su
I hope that you send him a dozen roses today because he will not be there to receive them. And you have the armani story. Everyone on global wall street must be focused this weekend on the soap opera going on. Banking is think left, right, and center. And i have a chart looking at the swiss franc. What it means for the further negative. But first, lets get straight to the bloomberg first word news with viviana hurtado. Begin with the coronavirus outbreak. It is getting tougher to gauge the true scope of it because china has provided the data that the death toll was lowered to less than 1400. Now there are more than 53,000 reported. U. S. Officials are stepping up criticism of chinas response. A stunning rebuke of President Trump from one of his most trusted cabinet numbers. William barr saying that tweets and remarks about going ongoing cases make his job impossible. Already vowed to veto a resolution to restrict his ability to wage war against iran. To be passed by the u. S. House, it
Lets get your global exchange, where we bring you todays market moving news from all around the world. From hong kong to munich to paris washington to sarasota, florida and new york, our bloomberg voices are on the ground with todays top stories. There are questions about transparency for china. Rishaad salamat joins us from hong kong. Walk us through some of the latest. Now with63,000 cases the death toll up by 121, but the inconsistency in the numbers has led to a lot of questions. Some of them are not being answered, and that has led to people thinking that this disease is not really going away at the moment. We had some optimism a couple of days ago, but that has receded somewhat. Weve also got bickering between washington and beijing. The u. S. Saying they have been denied that. On a microeconomic level, weve got companies such as Fiat Chrysler halting production in one of its plants in serbia. They cant get enough parts out of china. If you want to buy a barbie doll in the future