Huawei. The s p 500 down 0. 9 . Dire Economic Data followed by confidencey good data, according to the Michigan Consumer sentiment data. But we are checking the innards of those data to see what is going on there. The 10 year yield at 63 basis 28. 53, up crude at a good 3. 5 today. Lets get to europe. Germany plunging into recession, gdp falling 2. 2 in the first quarter. Bloomberg has been speaking with executives of German Companies about the pressures caused by the pandemic. Have a listen. The times are turbulent and they are complicated. The real question everyone is asking, how quick will be recovery come . The uncertainty remains. There is still very much uncertainty, so from that point of view, we remain kind of cautious. I think it is too early to call an end to the globalized world. We assume a ushaped in area into year end. We are presuming recovery on the one side, which is important. We dont know exactly how the restart and the unraveling of the current lockdowns across the
Is in kabul to move forward a u. S. Peace deal signed last month with the taliban. The trip comes despite the coronavirus pandemic at a time when World Leaders and statesmen travel. Ailing official since the signing of the deal, the Peace Process has stalled amid political turmoil in afghanistan with the country leaders fighting over who was elected president. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Scarlet vonnie it is 1 00 a. M. In london. Welcome to Bloomberg Markets. Lets check the majors and the 10 year. Off this piece of news, the imf has released a statement on the Conference Call of the Conference Call and says the Global Economic retraction this year and a recovering here. Nearly 80 countries are requesting our help. But is a direct quote from the imf, nearly 80 countries are requesting help from the imf. We have seen that with Dollar Streng
Now. The president has instructed me this is nofault to the american workers. We are shutting down parts of the economy and we will use all the tools we have and what tools we dont have we will go back to congress. I got to go back. Its a substantial number. We will go big we can keep going back every day or every week we are going big. Thats the way Mitch Mcconnell wants to go this way i want to go. I have a big confusion as opposed to going to little meetings every couple of days. We dont want to do it way. The country is very strong weve never been so strong and thats what we will do. With this invisible enemy we dont want airlines going out of business we dont want people losing their jobs and not having money to live when they were doing very well four weeks ago. We are going big and thats the way it will be in thats way everybody seems to like it on the hill. Any other questions . Airlines and hotels. Restaurants today. Any Emergency Assistance even if they are doing delivery the
Think a lot of us are predicting, after having studied it so hard, we are going to start seeing some real light at the end of the tunnel. This is going to be a very painful, very, very painful two weeks. Sean the president saying that we all need to face the truth, make no mistake. The next two weeks, maybe longer, will be rough. Here is where we are we are uptotheminute tonight. Fema has supply 250 ambulances and 500 emts to new york. Thats the point of interest right now. It could spread elsewhere. The army corps of engineers are developing a facilities to expand Hospital Capacity in california, including hundreds of additional sites across the u. S. Fema is soon delivering a 250 bed Field Hospital in the state of michigan. And additional Field Hospitals now being built in louisiana. Up to 500 beds as of now. And a 3,000 bed alternate care site, they are building that in new orleans. Also fema is also providing 100 travel trailers to help with Housing Needs in the administration, the
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