The u. S. Enters a new week with the highest number of coronavirus doubts in the world. Administration is still trying to ease lockdown restrictions by may. The Top White House virus eight says infection levels are stabilizing. Some of the u. S. Could be open in the next month. The imf and world bank held meetings this week using digital remote software. The global lenders will facing new reality of mounting unemployment. Thecials have already said Global Economy is suffering its worst recession since the 1930s. India is set to extend its current 21 date lockdown to the end of the months to allow more time to evaluate the spread of the infection. The Prime Minister said the government has adequate supplies of medicine and protective gear for frontline workers, adding that the next four weeks will be critical. The virus is ad social emergency. In hong kongals are facing a pay cut. Announced new stimulus. The additional spending accounts for double the projected government budget. The ph
Cable. T to highlight you could argue we are not really going anywhere. Poin the 50 basis point cut to be already priced in. We get more coming out today on the 10 year. Yields down by about 10 basis points. Crude continuing to rollover. Time now for global exchange, where we bring you todays market moving news from all around the world. From london to rome, to hong kong and new york, our bloomberg voices are on the ground with this mornings top stories. The bank of england cutting rates to help keep credit flowing amid Economic Uncertainty over the virus. Bank of england governor spoke earlier in england. Carney the bank will take all necessary further steps to support the u. K. Economy and Financial System consistent with its statutory responsibility. Ago, that was a few hours and then we wait for the budget. Absolutely. A fine display of cooperation from monetary and fiscal actors. Weve heard from the monetary side. We wait for this fiscal side this morning, coming around an hour an
Have you spend any time with us and talk about stocks. Thanks for having me. And the markets and Everything Else in between steve weis and josh brown. Youll see them throughout the hour as well a great collection of investors on the stage stage behind us giving their views on the market which are at record highs as were sitting here having this conversation give us your view on where you see the markets and where they are now. If its justified or not in your mind. Well, define justified. Well, why to you think were here i think were here because basically the Central Banks have todaysy theres the general view that whats worked will continue to work Monetary Policy will stay easy, and and well live with the valuations, so i think that kind of sums up the way i think most investors think. Yeah, youre not saying, and maybe its purposefully, that theres any sort of credit due to the president or his expected agenda is that purposeful that you dont think that hes responsible at all for wher
Time wont be granted to raise cash. Minister is tasked with forming a new government. U. S. President elect donald is sticking by the one china policy should come with the united ts for states. He points the finger at beijings currency and taxation policy. In n trial, i. M. S. Head is court on charges of negligence rom when she was frances finance minister. Were outside the court ahead of the event. Welcome to bloomberg day break europe our flagship morning show. Im anna edwards. Netflix ng bad, the series, this is what happens with oil. The question for the market is is the oil price, the yield as well and the u. S. Is this whatever it takes moment. Line in this story this morning. To cut below the big of 10 ogical level Million Barrels of oil per day. Since the opec meeting back in the middle of november. Here in the tracking and the effects that these big is having l prices along with the fed conversation u. S. Nald trump on the 10year yield heading for its biggest quarterly increas
Borenstein. Amanda lets check in with our Bloomberg Team for indepth coverage. Miller in berlin as german low, andp to a record andr current enda curran simin demokan. David we begin in london. Mario draghi and company have begun buying Corporate Bonds. Lets bring in guy johnson. What do we know if anything about which bonds they are buying . Guy they are looking for the most liquid bonds. This is a new phase for mario draghi and the ecb. It is looking to step up its program, boost its Balance Sheet, trying to get money in different areas of the economy. It is buying the most liquid names in the corporate sector there, anheuserbusch. They have been buying spanish telephone companies. Liquidig names with big pools of Corporate Credit that they are stepping into. The Bond Buying Program has been rippling into other assets so you see it affecting the equity market. Affect also. Year buy aroundoking to 5 billion each month, and we will find out where. That the market has been front running