A military operation in the Western Sahara. Endangering a nearly 3 decades long cease fire and the changing face of brazils politics. We take a look at how the black lives Matter Movement has impacted its electoral process. But 1st, the u. S. President has spoken publicly for the 1st time since his election loss to joe biden. During his press conference, donald trump updated americans on his response to the coronavirus pandemic. But he also inched closer to acknowledging he may not be leading the countrys next administration. Alan fischer reports now from washington d. C. Incredibly, this is become a rare thing. Public remarks by donald trump, his 1st since the election. And this was about protecting his legacy. But administration has initiated the single greatest mobilization in u. S. History, pioneering developing and manufacturing therapies and vaccines. In record time, there was no talk of the election result. This was an update on the fight against corona virus, the hope provided
His biggest Daily Advance in three months. Lets bring you the bloomberg first word news and the u. K. Government is telling the to work from home if possible telling the public to work from home with possible full to the Prime Ministers holding an emergency cobra meeting this morning for briefing parliament, thewill make a broadcast to public at 8 00 p. M. Local time. The billiondollar initiative to the polio vaccine around the world is moving to the next phase. Over 150 countries and regions including 64 higher income nations are taking part. Solutionis to find a to covid a little sooner than we were expecting. Pressure onto put Alexander Lukashenko are on pause. Ministers on monday failed to agree. On how to handle turkeys energy claims in them eastern eastern mediterranean. That is global news 24 hours a day on air and on bloomberg quicktake. We will have plenty more on the markets and we will go over some of the other news we are watching. Tom, good morning. Tom francine, good morn
Lets get straight to steve liesman. Jay powell testimony before the House Services committee will note improvement in the economy saying Household Spending has recovered three quarters of the decline and say this is in part response to federal spending and higher Unemployment Benefits which is running down he said housing has rebounded and Business Investment showing signs of improvement but overall employment and Business Activity with well below the prepandemic levels an the out light is uncertain. He makes special mention of the feds main Street Lending program, a 600 billion program with a backstop from the troo z treasury hell be speaking tomorrow before the house financial Services Committee with treasury secretary Steve Mnuchin and this is required testimony about the cares act where they have to quarterly appear before congress and discuss progress with the lending programs. The terminology, highly uncertain, is that different from what the clair has used in the past. This is t
Raises a number of russian mercenaries helping libyan warlords in the fight against the internationally recognized government. For war on drugs has failed a global team of experts calls time on policies it says are fueling organized crime. Im joined again with sports and its confirmed germanys beyond just legal will restart next saturday becoming the 1st European Football League to resume amid the current virus pandemic well be live in berlin. Where we begin in the United States where figures just released show another 3200000. 00 people have filed for Unemployment Benefits keeping a prolonged track to be the worst month on record for job losses well that means around 33000000 people have registered as unemployed in 7 weeks economists think Economic Growth in the u. S. Could plummet by. 30 percent in the 2nd quarter in europe the bank of england expects the u. K. s Economic Production to shrink by 14 percent this year and unemployment to rise to 8 percent the European Unions been warne
Interview with Michael Oleary is coming. Good morning. Also happy friday. It has been a long week. This is what your markets are doing and a lot of folks about what we heard from a we heard about will we heard from the European Central bank. We continue our earnings outlook. Was tech yesterday companies. This is what i am looking at, dollars up. U. S. Futures are down. Treasuries advancing. If you look at trading, holidays across many major markets. Gdpecb coming out with calls saying it could be it could rebound. Of course, this year that gdp could shrink between 5 and 12 . Year will be next a lot better. We will have the more forecast. Figureseuro area gdp being published. We will delve deeper country by country and give you an update. Lets get to new york city with the first word news. Viviana we begin with the u. S. Federal reserve expanding the scope of its main Street Lending program. Businesses with up to 15,000 employees will be eligible. Expandingl bank is its paycheck protect