You wish the circumstances were not as grim. I would start by saying i hope you and your families are healthy and coping in these challenging times. I want to express my deepest condolences to the millions of healthy and coping in these people around the world suffering from covid19 and who have lost a loved one to the pandemic. I just concluded a very productive virtual dialogue, low carbon virtual dialogue with our Development Committee. I was joined by managing director of the i. M. F. And it was good to hear the views from shareholders on how the World Bank Group and i. M. F. Can Work Together to support our member countries, especially the poorest and most vulnerable. I was pleased earlier this week that the g20 took up our joint call to provide a suspension in debt service to bilateral creditors during the crisis. Chris and i worked hard on this and supported it and were happy to see it done. Its a powerful, fastacting initiative that can bring real benefits to the poor. In respo
The Virtual Press briefing is an hour. The springto meetings 2020 Virtual Press bankrence with world president david malpass. President malpass will give weef opening remarks and will turn to your questions. Thank you to all the reporters from around the world who have been submitting questions. We may have to group some of to get through as many as we can and we may edit for brevitys sake. You send in questions, please submit only one per outlet. With that, president malpass, over to you. Malpass thank you and good morning to everyone. Im happy to speak to all of you. Wish the circumstances were not as grim. I would start by saying i hope you and your families are healthy and coping in these challenging times. To express my deepest condolences to the millions of around the world suffering from covid19 and who one to the loved pandemic. I just concluded a very virtual dialogue, low ouron virtual dialogue with Development Committee. I was joined by managing the i. M. F. And it was good
Crude at 22 a barrel. Guy some of the crude stocks in europe are trading a bit higher. Of the stocks in terms Sector Performance today actually doing a little bit better, but european stocks are down. We are down your session lows, approaching 4 . We are waiting to find out what happens in the senate a little bit later. That big bazooka a little bit of ther on ahead german fiscal story. Theyre going to be turning on the taps over in berlin. Still, maybe more need to be done on a european basis. 38 on the negative 0. 38 on 38 on theenure german 10 year. The pound is back down again now , down only a little bit, but its been battered of late. The euro is still in positive territory, up by over 1 at the moment. Clearly, this demand for dollars still yet to be fully cited by the swap lines put in place. But to be honest, they take a little while to work. All of these announcements we are getting on a minute by minute basis from the and others, they dont kick in immediately. They take a lit
Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re
Valuable tips to stay healthy. Treatments that we know right now if youre planning to travel in and out of the United States. Director of nih said vaccine could be coming within 3 months. Microsoft warning it will miss revenue guide and deadly shooting at a milwaukee facility. We have the latest this morning, plus how you could own the Million Dollar picasso for 100. Mornings with maria begins right now. Maria some of the stories that we are watching this morning a california resident tested positive for coronavirus and could be the first case if its Community Spread in the United States, it means that the doctors do not know how the patient contracted the virus. At this time theres, quote, no relevant travel history or another known patient. Cdc is adding in a statement its possible that the patient could have been exposed to returned traveler who was infected. President trump addressed the media yesterday saying the u. S. Is droppedly developing a scene and tout what had the country