Surveillance. I am nejra cehic. We are seeing european equities accelerate to the downside. The stoxx 600 down 0. 6 . Futures pointbut to a lower open. The five year yield hit several record lows. Target rangeow the from the fed. Lets get the bloomberg first word news. Laura the u. S. Death toll from the coronavirus talked 150,000 topped 150,000. Texas, california and florida had record cases. Dr. Fauci warned more protection will be needed. He said if you have goggles or a face shield, you should use it. Facebooks Mark Zuckerberg was speaking alongside the bosses. Rom alphabet, apple he says facebook lags behind its competitors. Credit suisse says it will merge trading and Investment Banking and combine its risk function. The chief executive says it is the first major rebound of the swiss lender. Undoes some of the decisions by the predecessor. The bank merger is something we have been discussing for months. Bute will be costbenefits, it is about having one underwriting business to ha
On this thursday, jobless are front and center jon jon . A News Conference center. Jon a News Conference over the weekend, lisa, i love this about the great depression. That after delivering record fees worldwide for the firm. Just try to reconcile those things for us. Lisa its a boom of fees in a time of incredible uncertainty coming on the heels of fiscal stimulus and the question is how do they pair these realities . We will have more on that decision at 7 45 a. M. , i am watching it even though guy johnson calls it a snooze. Hopefully the press conference will be less of a snooze. Tom, to your point, jobless claims and retail sales are already anxious history, but we can get a sense of how much momentum there was going into this resurgence of cases in the virus. We are also getting netflix earnings after the bell. Interesting to see if some of these high flyers improve. Me you would never catch characterizing and ecb News Conference that way, would you, tom . [laughter] tom never.
Back to the office. Jonathan ferro, Lisa Abramowicz and tom keene. Justews flow this morning in this hour is extraordinary. We are going to take time with david coston on the equity markets. Just importantly, lagarde at the bottom of the hour. Ecbthan we will hear from president Christine Lagarde. The struggle continues to get a clean read on the u. S. Economy. Tom it is two worlds. Its about finance and Morgan Stanley and great. What its really about is we really lose perspective on the tangible hardship thats out there. Lisa we are going to get a sense of that with the churn in the unemployment numbers. We are expecting a decline in total filings. Are we seeing a significant number of increases in areas hit harder by the virus . Futures 22. 28. 82 the center tendency. Yesterday we spoke with Michael Holland with decades of experience. Is with Goldman Sachs. Just as importantly, what not to own. What do i not want to own right now . You want to avoid are companies that have a shorter
Onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Welcome to bloomberg markets. Here are the top stories we are following from around the world. Ecb president Christine Lagarde five to support the euro economic recovery from coronavirus all not. She vows to maintain the flood of liquidity that has so far calmed markets. Morgan stanley wraps up the week for bank earnings. Big gains for the trading desk. Helped thedfall that group survived the brunt of the pandemic. The u. S. ,ntioned, u. K. , and cannot say russian state intelligence is hacking into research enters working to develop a covid19 vaccine. We will dig into the reports. Lets get a quick check on the markets. Certainly a risk off day. 500 off of itsp lows of the day, still down about two thirds of a percent. The dollar index, not too much rea
U. S. Universities harvard and mit is suing the government over a Bond International students remaining in the country the Trump Administration has said foreign students must leave if theyre attending institutions where classes have been moved online. Surgeons at a hospital in rome have successfully separated tweens who had been conjoined at the back of their heads the rest surgery was aided by a 3 d. Augmented reality map of their skulls and brains this is deja news from berlin follow us on twitter and instagram at the news of visit our website w dot com. The United States has now surpassed 3000000 confirmed cases of code 19 the virus is ravaging huge sections of the country hospitals are full doctors over well it is unclear when or how this crisis will lend but it will not be any time soon despite the dangers she was President Donald Trump is pushing for schools to reopen next month today he pointed to germany saying schools here are open with no problems theres one correction their