Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more
Corporate and labor party support. Thanks thanks to she tells the hey theres no genocide in brookline st. My mas de facto president faced the you in court is the crisis the dispsplaced o of a Million People made a fatal military crackdown continues. Thank you very much for being with us. Pensions in front to o set to undergo a major reform announced this wednesday by the Prime Minister at waffle leap. Comments that came as a general strike continues to grip the country the issue as united fronts almost l like no other with political extremes coming together to condemn the reform plans basically president michael. Pledge to abolish the forty two special pension accounts number place them with universal scheme its the delivery of this Campaign Pledge at this conference workers out on the streets in protest. Lobbies showed the governments objective of universal pensions is a socially fat. Yeah but that there is no hidden agenda. The but were not looking for small savings here all that. We
The housing market. Chinas new loans may have hit a record in generate. Sources say initial Government Data shows new lending with near or above the previous monthly record of 364 billion. The credit storage highlights the challenge policymakers face in reducing leverage and deflating access bubbles. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. You are watching bloomberg. Lets get a check of the markets. Afternoon trading getting underway in hong kong and china. The hang seng index unchanged. Cory im cory johnson in for caroline hyde. Who is in for emily chang, i am still cory johnson, this is bloomberg technology. 97 Tech Companies take a stand as San Francisco becomes ground zero in president trumps travel ban. Plus, we will chat cap into Virtual Reality. A detailed look on who will be banking off of Virtual Reality. Uber is researching floating taxis. We will talk to the man who literally wrote the book on ubers flying car
Received attention. Manus welcome to bloomberg show. Ak, our flagship i am manus cranny. Anna a bigger mandate in the house behind me. She needs to third of the mps in two thirds of the mps in the house. We will consider what that means for the assets. The huge chemical maker any takeover, theyve delivered their numbers. Good news for the ceo in this defensive moment. Revenue, 316 6 billion. Passing for. 6 billion. The net income they had put in is 240 million in the First Quarter. The First Quarter, a comfortable fullyear earnings. It will be about 100 million higher than they were in 2016. Ceo plans to fight defensively. Missate the chemicals as qamar work up to 90 billion euros to break that away, to come up with perhaps a defensive place. Those are the top line numbers. , auick line on asml significant beat. 402. 8 million billion for asml. Keep an eye on both of those stocks. The euro down outside with minister. The british pound broke the 200 day moving average. That is a critica
Why did he want to write this book . Guest couple of people approach me with an idea if this was something i would like to write about and as it happens i have been thinking for a long time about the state and the things are happening in industry. Some of it because of my experience at cbs and some of it not at all because of cbs. I attended investigative reporting cant conferences and compare notes of friends local News Reporters and it seemed there was a common theme that signaled trouble as far as i was concerned and that is why i was interested in my experiences and observations. Host what is fat trouble . At some point in the book you talk about the journalists themselves not wanting to deal with the stress of taking on corporations and government. Guest i think at the ground level there is still a great deal of desire on the part of many reporters and producers, great original investigative reports. That is what we do and that is what every Investigative Reporter likes to do. Ive