Fight against this disease in furtherance of the order emerging every state to set up Emergency Operation centers Effective Immediately a National Emergency 2 words indeed now meanwhile the World Health Organization think all Health Workers around the world and announced europe is now at the epicenter of the coven 1000 pandemic more than 132000 cases of call did 19 have now been reported. From 123 countries and. 5000 people have lost their lives a tragic milestone. Europe has now become the epicenter of the pandemic wheezes more reported cases and there is than the rest of the world combined apart from china more cases out of now being reported every day than were reported in china at the highest of its epidemic. This comes as Top Health Official for the combine ministration dr anthony foushee said the disruptions from the corona virus could be prolonged and last up to 8 weeks adding its going to get worse before it gets better the death toll in europe continues to rise as spain declar
That. Continues to spread worldwide as president just moments ago the cleric a National Emergency for the United States to unleash the full power of the federal government for today i am officially declaring a National Emergency. 2 very big words. The action i am take in will open up access to up to 50000000000. 00 of. Very importantly for important a large amount of money for states and localities in our shared fight against this disease in furtherance of the order emerging every state to set up Emergency Operation centers effective immediately. A National Emergency 2 words indeed now meanwhile the World Health Organization thank all Health Workers around the world and announced europe is now at the epicenter of the coven 1000 pandemic. More than 132000 cases of corbett 19 have no been reported to deadly youre from 123 countries and territories 5000 people have lost their lives a tragic milestone europe has now become the epicenter of the pundit make wheeze more reported cases and is
Scene Central Banks finally starting to get it. We have some actual details as to what the fiscal responses . We do not. Sebastian businesses size up their bottom line with continued headwinds. We see the business down 85 . If i talked to our colleagues in china, they say it is Getting Better everyday. Can want to do our best to fight this crisis and achieve our targets. Sebastian investors, economists, and policymakers offer guidance in a time of financial turbulence. I think the odds are 80 we will have a recession. The Oil Price Decline is very good for india, good for china. Survive with liquidity, three months, six months, nine months, people will go bankrupt. Sebastian that is all straight ahead on bloomberg best. Hello and welcome. Im Sebastian Salek and this is your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with a look at the top headlines. Last friday and talks between saudi arabia and rus
Break down the week that was in the markets and what next week may have in store. Plus the global virus lams market supply lines and manufacturing are also taking a major hit were going to analyze the disruption in auto manufacturing we have a truck show for you today so lets go and dive right it. Continues to spread worldwide as President Trump just moments ago the clarity a National Emergency for the united states. To unleash the full power of the federal government to this effort today i am officially declaring a National Emergency. 2 very big words. The action i am taking will open up access to up to 50000000000. 00 of. Very importantly for important and a large about of money for states and territories or localities in our shared fight against this disease in furtherance of the order emerging every state to set up Emergency Operation centers effective immediately. A National Emergency 2 words indeed now meanwhile the World Health Organization thanked all Health Workers around the
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