Most importantly, we are here to find innovative solutions. This the focus of the World Bank Annual meeting, which takes place starting the week of october 12 and convenience Global Leaders from governments, businesses, and civil societies. We will hear from the World Bank President on what it will take to tackle the crisis, and how we can turn this into an opportunity to build a path towards a resilient and inclusive recovery. He will be joined in conversation with the president of the Stanford School of finance and management. We will hear from the president of the bank joining us from his office. He has been president of the german centralbank since may 2011. He is a member of the governing council of the ecb, represents germany at the imf and under international parties, and has been chairman of the board of directors of the fund for International Settlement since november 2015. Welcome. The virtual floor is yours. Thank you very much, asiya, for your kind words of welcome. It is a
Gain of more than 500 points the day before that and right now dow futures indicated up another 113 points this comes after the dow closed at its highest level in a month yesterday. Oil prices picking up by about 3 more of a supply picture but the s p 500 indicated up by about 13, nasdaq up by 31. And treasureky my market, te yielding 0. 765 . Andrew lets talk about stimulus this morning because house he Speaker Nancy Pelosi and treasury secretary Steven Mnuchin spoke about a broad stimulus plan yesterday and Speakers Office says that the treasury secretary made it clear that President Trump had interest now in finding an agreement on a comprehensive relief plan, that conflicted with comments from the White House Communications director who said that the white house wants to address stimulus checks, Small Business loans and the airline, but not anticipating a larger package. Nancy pelosi said that the white house is open to something bigger but not on the scale that democrats have prop
Now in the days and weeks that will decide how germany will fare in this pandemic in winter. We see that we obviously have very special infection dynamics in germanys largest cities. Patients on ventilators for. My top priority is possible not to have to bring economic and public life back down to the level that was necessary in the spring. We have to appeal to our population we dont want to have a situation like the resume prousts for a situation like there is in spain. We dont want to 2nd lockdown. Germany marks a year since an anti semitic attack that left 2 people dead. Ladies and gentlemen it is not enough to condemn an attack like the one in hundreds of targets and then to return to business as usual. Welcome to the day chancellor Angela Merkel the mass of 11 major cities in germany have agreed a package of new measures to stop the spread of coronavirus germany fear is a growing 2nd wave of the virus after infection rates in cities like berlin and frankfurt reached a key threshol
Absolutely extraordinary. Thank you for joining us on Bloomberg Radio and Bloomberg Television worldwide. What have we got . Mcdonalds just out with a dividend increase. Ibm with a seismic restructuring. Morgan stanley to take out the venerable eaton vance of boston. On and on we go. Guess what . None of it matters. Someone speaking to maria in two minutes. Jonathan the present will be on fox news. I imagine he will have a reaction to the next debate being virtual. That news out from the commission on president ial debates. Tom i really want to bring up this story, below the fold on the internet sites, but our Jennifer Jacobs reporting that the head of security for the white house is gravely ill with this horrific virus. Really a difficult illness as well. It is amazing how this virus story in the debate last night, commenting ondent this debate. Jonathan the president tweeting, saying that this is not a separable. He is looking forward to doing rallies. He is feeling goods. Those comm
Federal government has declared a state of emergency in madrid because of a rapid increase in corona virus cases the government overruled regional authorities in forcing a partial lockdown in the capital and the surrounding region the countrys Health Minister says the measures are necessary to prevent madrids high infection rate affecting the rest of spain. The United Nations World Food Program has one dis years Nobel Peace Prize for its effort to combat hunger and improve conditions for peace. He provided assistance to almost 100000000 people in 88 countries last year the committee described the award as a call to the International Community not to underfund the program. This is deja news from berlin follow us on twitter and instagram at news or visit our website dot com. This weekend sees the imposition of tougher coronavirus lockdown restrictions in major german cities like bob and frank 1st the german chancellor and the mass of 11 countries biggest cities have agreed on more strict