Are signs the u. S. Outbreak is beginning to level off. Global stocks climb as the daily death toll declines in some epicenters. The virus takes its toll on the u. K. Forest johnson was taken to hospital for tests after 10 days of suffering with the coronavirus. The queen makes a rare address to comfort the public. The worldsk to biggest food company. Our interview with the nestle ceo and around 10 minutes time. Welcome to bloomberg surveillance. Im nejra cehic in london. We are seeing optimism. The stoxx 600 showing green on the screen. U. S. Futures, all higher by at least 4 . The 10 year yield had its lowest weekly close ever last week. Bank of america says we are poised to retest the record low with the 10 year yield moving higher, above a 60 handle in todays session. The dollar, giving up some gains, but it was on a fourday gain. The exception of the yen. Recovering after the weakness in the Asian Session and oil, weaker as we look ahead to this potential meeting on thursday betwe
Market. In the we want to begin in washington, where the u. S. Passed a record 2. 2 trillion economic rescue package. The house will vote potentially on friday. Going this is kevin cirilli. Walk us through some of the highlights here. Kevin shortly before midnight, the senate, in a resounding 960 trillionsed the 2 economic stimulus bill. That puts pressure on the house of representatives to get this done quickly. Theres been some comments from farleft progressives and far right republicans that they may have some issues with this version of the bill. I do not it is about that being enough to significantly stop this from being passed, based upon my reporting. I can tell you that the likely vote will come friday, and President Trump has said he is going to sign this virtually immediately once it lands on his desk. Alix thanks so much. As i mentioned earlier, europe really stepping up its effort to deal with the fallout from the coronavirus. The latest is the ecb started buying bonds, but
Shrinks, but it doesnt set the u. K. Up for a good spot Going Forward. We are seeing the relationship between fiscal and Monetary Policy really evolve the u. K. We will break that down over the next few hours. You are seeing bond markets bid across the board, as we are koff develop. We want to kick it off with Michael Mckee. Theld central bank mike,entral banks if i say mmt, am i wrong . Anyway. Yeah, [laughter] its confusing, though, what is going on with the economic philosophy called mmt. Yes, it is unlimited cash in unlimited amounts for unlimited periods of time until we get through this. Youre still going to work your tail off today before we get to 4 00 p. M. Lets start in london come over the bank of england is going to finance Government Spending for the time being by lending money directly to the treasury. It is called the ways and means facility, a shortterm credit the last used during great financial crisis. Government and the bank say any borrowing will be repaid by the en
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
Over 19 and factions continue to surge globally the number of cases exceeds 490000 thats nearly doubling in just one week now the death toll at more than 22000 the pneumonia causing virus has been rapidly increasing across europe and the United States cuba is the latest country to join a 20 percent of the global population thats already on lockdown of the World Health Organization concerned now more than ever on the number of Health Care Workers being infected. Evaded little ports we also know that one old infections. Are walkers and many more busy. Of. Those services to respond. To all of us as of yesterday its a little board at 6200. 00 in fact that it will cause. List all the. Individuals as best as we can so in the last 24 hours spain saw a small decline in fatalities where 655. 00 people passed the Spanish Health Ministry Said the total death toll rose to nearly 4100 while the number of confirmed cases climbed in one day from 47610 to more than 56000 now the Spanish Parliament ext