Drillers to leave oil in the ground. Good morning, this is bloomberg surveillance. I am Francine Lacqua. Lets check in on the markets. We have a lot of news, but we are used to it. Terms of european stocks, u. S. Futures, and everything in between, the big story is oil. We had the iaea report yesterday, production cuts on sunday did not seem to be enough. Stocks rising, u. S. Futures rising. Investors are trying to gauge the damage caused by coronavirus, and awaiting the next corporate earnings. The dollar also extending gains. Lets get the first word news from new york city. Milestone, with a global infections topping 2 million. In the u. K. They will extend the nationwide lockdown as Officials Say there are signs britain may be passed the worst of the pandemic. In theh korea, and election, the Democratic Party in the 300places seat national assembly, that is the largest elementary victory in more than 30 years. The result as a show of support handling of the coronavirus outbreak. Fiv
Who will pay for the financial fallout of the coronavirus pandemic governments around the world pledged trillions of dollars to try and keep their economies afloat will a massive bailout to stop another Global Financial crisis this is inside stuart. Hello welcome to the program. Most economists agree the coronavirus pandemic has pushed the world into recession trade and business abruptly stopped when billions of people were told to stay at home governments are pledging huge stimulus packages to try and reduce the damage the European Union has agreed a 590000000000. 00 rescue package to prop up the worst hit economies such as spain and italy that includes Unemployment Benefits loans for Small Businesses and Health Care Services but leaders couldnt agree on how to share the cost of the crisis the french finance minister is calling this the most important economic plan of the e. U. s history this response contains bald and shoes proposals there will there be unsinkable in just a few weeks
Essential show as you might call it in somewhat technical terms in other words everyone is equally affected and so it must be in everyones interests and it is in germanys and chanced that year it should be very strongly from this chance that a little fresh start with the. Also coming up warnings that this week could become the deadliest in the u. S. Since the pandemic began new york state Governor Andrew Cuomo saying now is not the time for anyone to let down their guard if we apply a tone we we are proud towing it a very high level and theres tremendous stress on the Health Care System this is a Hospital System where we have our foot to the floor and the engine is that red line and you cant go any faster because the system will blow. Well to our viewers on p. B. S. In the United States and all around the world welcome we begin the day as a week of death begins in the United States those are the words u. S. President will tromp used to warn the country of what is expected to be the dea
Footing. If we do get some kind of opecplus deal, that will provide some support in the markets. Guy we are seeing equity markets bid, and it is stuff the market has really fallen out of love with that is catching the biggest bid. The travel and leisure sector, airlines, some of the catering companies, the hotel groups really bid today. Bid, up by 1 . We are anticipating any second now the start of a Video Conference call between eurozone finance ministers. We will get the results of that maybe a little later on. We continue to watch what is happening over at st. Thomas hospital, where the Prime Minister of the United Kingdom is in intensive care. Withrms of what happening yields, going a little higher today. Trading at 37 basis points on the u. K. 10 year. Alix we will say higher maybe in quotes. For more on the impact of the virus, we are joined by kemal shree kumar by cobol shree kumar by hobo three rikumar. S are we seeing some sustained buying ability . Are greatse questions. I th
Who will pay for the financial fallout of the coronavirus pandemic governments around the world pledged trillions of dollars. Their economies afloat will. Stop Global Financial crisis. Welcome to the program. Most economists agree the coronavirus pandemic has pushed the world into recession trade and business abruptly stopped when billions of people were told to stay at home governments are pledging huge stimulus packages to try and reduce the damage the European Union has agreed to 590000000000. 00 rescue package to prop up the worst hit economies such as spain and italy that includes Unemployment Benefits loans for Small Businesses and Health Care Services but leaders couldnt agree on how to share the cost of the crisis the french finance minister is calling this the most important economic plan of the e. U. s history this response contains bald and vicious proposals that will then be unsinkable in just a few weeks ago. We cant pull remember the response to the financial crises of th