Bloomberg television and bloomberg radio. Morning across this nation. All of you working at home, and good morning around the world, particularly in liver, great written Great Britain in liverpool, Great Britain. I want to get to the pandemic in a moment, but in Francine Lacqua conversation, i dont know if they brought of negative rates. Do you see negative rates in the United Kingdom . Jonathan if they couldnt negative Interest Rates, it will be up to the bank, not rishi sunak. And i hope it does not happen. Some policymakers have flirted with the idea over the last liverpool,ks area on saymichele texted me to hes very happy that his dear livable that his dear liverpool are now the champions in the merely. Cash in the premier league. Tom that gets us to the story of the moment, which is the pandemic area i was fascinated by the images in the telegraph in the times. Explain to us the oddity of seeing absolutely packed beaches in the United Kingdom, much like what we saw in florida. Jon
I think Everybody Knows that. The impact is disproportionally on the poor and it could widen economic and equality, so something needs to be done. Government spending has helped but Public Confidence we key. You have to believe that you will be safe to go out. He says inflation will be low, and the fed has helped market functioning with its lending programs. They will keep buying agencies and treasuries, at the current pace, and then they will wind down with the crisis ending. The key point seems to take in the fact that we saw that amazing report today. He notes that with the easing of restrictions on mobility and commerce and the extension of federal loans, some businesses are opening up while stimulus checks are supporting households and spending. Oft said, he says the levels output of employment remained far below and significant uncertainty remains about the strength of the recovery. He underscores that we are committed to using our full range of tools to support the economy. If t
We got white people back here still Work National buildings in the state in the countrys capital which are yours but if they see us little rock they can shoot in the face of the rubber bullet if they see us for any being that looks like a good theyre going to kill it on a daily basis. This is what you get when you dont hold other cops accountable when you let them kill other people when you let them kill us we dont hold your partner accountable this is it this is. The tramp on twitter have locked horns on friday a tweet by the president about the rights in minnesota was hidden by the social platform in the tweets trump slams the rioters in minneapolis saying the military supports the governor he also warns that if there was looting there would be shooting to it is they as they post in violates the its rules about glorifying violence dont quarter picks up the story. Donald trump and twitter are clashing swords it all started with the president s tweet about mail in voting his claim that
Tentative trade with autos extending decline as bmw warns the pandemic effect will last longer than anticipated. The german hospital operator flags increased demand for drugs and devices. Telling cnbc they are prepared for a second wave. We are working very closely with the authorities to make sure we have flexibility in termts of our ability to react should there be a second wave as the measures are released. A frozen dividend for disney. The media giant cancels a payout as it takes a 1. 4 billion hit from the paepd but makes plans to reopen in shanghai next week. The uk becomes the worst hit country in europe overtaking italy as the death toll crosses 32,000 the government grapples to get a time line for the exit from the lockdown a warm welcome to street signs. Lets kick off with fresh data this is on eurozone april pmi, the final numbers for services that figure for the whole is 12. Slightly better than the flash estimate of 11. 7 that makes the final composite pmi 13. 6, just a to
Highs, off 1. 6 . You can thank the autos and oil companies. Several companies in the permian cutting back on production even then there was no vote on quotas today. Index ofhe energy 2. 3 . Some companies are not faring so well. Norwegian cruise line among them, down 21 . Norwegian cruise lines looking for money desperately to keep going. It raised 400 million and is looking to go to market as well. Yuan offshore is trading off of its weakness. It looks like the Trump Administration for the moment, is going easier on china. Kailey leinz has a deeper dive into the market action. Kailey it has been steady buying today, and really for the past four days, when it comes to the equity markets. Futures,ok at s p 500 we saw a steady decline, and then a steady upward trajectory. Things are pretty orderly, and volatility is relatively subdued. The vix at 831 handle. On pace for its best nineng streak in months, back to 23 a barrel, as that supply and demand picture looks better. Higher by. 6 to