Will be back he ignited a bit of a controversy and a heck of a lot of curiosity yesterday on this show when he said he is not using the 5 million he will ultimately get, he expects, from the government, to pay workers he will be back here to explain why hes doing that and why and how that is helping him, kelly, keep his business afloat yeah, looking forward to that, tyler, thanks. And were about to get a closer look at the economy. The Federal Reserve releasing its beige book report just this minute Steve Liesman digging through it for us bob pisani and Rick Santelli are standing by for instant action before we dig into that, lets dig into this selloff what are you seeing . Were down, kelly were well off of the lows and you can think andrew cuomo, once again, market mover we rose about 20 points off the lows as cuomo was talking about hospitalizations down, intubations down but if you look at the sectors that are down, these are the sectors that are down on general worries about the ec
Prices. A new study warns japan is facing a double digit contraction in the coming months as the coronavirus pandemic slows the economy further. Shery lets get you started with a quick check on how markets are trading. We are seeing key restocks gaining ground for a third consecutive session. We have seen the rbnz come out and say it is open to increasing the size and scope of its program. We are seeing further upside in trading. Nikkei to futures up. 2 . U. S. Futures under a little bit of pleasure but this of course after closing at the highest level in a month and also entering a bull market. Up more than 20 over its recent low. Wti also gaining ground, up more than 4 above that 26 a barrel level. We have seen a little bit of fluctuation in the oil market. We are headed to the opecplus meeting on thursday. President trump says there are of to slow the spread there are signs that the virus effort is having an impact. In his daily coronavirus briefing, he lashed out against the World
I am nejra to pitch. Nejra cehic. I the stoxx 600 in europe up almost 3 . Pushing to a higher open is in todays session. Nasdaq all higher by more than 2 . The question is whether this is a polish signal in equities or just a blip in a downward trend. Around the 75 handle, moving higher by seven basic basis points. You are seeing the broad dollar weakness. Bloomberg dollar index, out performers and underperformers against it, even though they are stronger, signals from the rba and of course in japan, record stimulus. Talking about a state of emergency, reflection and deflation, the yen up on some optimism on talks from opecplus and producers. Lets get to bloomberg first word news with Viviana Hurtado in new york. Hey, viviana. Viviana our biggest story is Boris Johnson being in intensive care after he was hospitalized over the weekend after his coronavirus symptoms worsen. For 10 days, he was in isolation. Are expecting to say the outbreak peak is in the next seven to 10 days. Restrict
The holiday period. Federal reserve chairman Jerome Powell says the central bank will maintain its efforts to support the flow of as americans hunker down from the spokevirus pandemic, he on the nbc today show. We are not going to run out of ammunition. That doesnt happen. ,e set Interest Rates in time what we think is giving the economy the right level of support. If we raised Interest Rates more, it would have been higher than we thought and Economic Growth would have been slower. It would not have mattered in the end. We are always setting our Interest Rates at the level we think is appropriate. Carowell says mortgages and loans are among the areas that the fed can step in. Global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in armorhan 120 countries, ritika gupta. This is bloomberg. I am ritika gupta. This is numbered. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and want to click a. M. In hong kong. In
This poisoning rivers and drying up farm us. With sports as calls for the european football championships to be postponed and the international indignity looks set to hold emergency talks about 2020. For the 1st time since the corona out corona Virus Outbreak began there are more deaths and confirmed cases outside of china than within across the world tougher restrictions are being rolled out to try to limit the spread the latest global death toll is 6500 daily 170000 cases lets take you through the latest developments 3 hours ago germany imposed border controls with 5 of its neighbors new checkpoints are in place a most travel is banned but good. And commuters are still able to cross its the latest country in the u. S borderless shang in the area to close its doors one of irans top Government Officials has died from the virus but they go with the capitals representative to the assembly of experts iran is one of the worst affected countries with nearly 14000 cases and the philippines i