Just 5 weeks all of the jobs created since the end of the trip 1000. 00 to 9. 00 recession have been wiped out. Economy will start to pick up very substantially as soon as the states get open and thats happening as we speak and its actually very exciting and. People are just just thrilled to see it because our country has to get back to work they want to get back to work you see that whether its a demonstration or just in talking to people theyre going to get back to work and theyre going to get back to work very fast European Union leaders have held their 4th video summit to discuss ways to protect their Single Market from the effects of the corona Virus Outbreak this as some countries begin to ease restrictions some reports. In this laboratory in oxford a glimmer of hope human trials have now begun here with the vaccine. Researches are confident that it could take just months before they know if it would work and manufacturing it on a large scale could take much longer but hopefully
Peak if and when it comes might even be worse than the 1st one what were going through at the moment. Lockdown measures have actually been pretty successful and what that success has meant is that you dont have the exposure to the virus in the Wider Population and therefore any immunity there is is probably quite low wish which means that it could come back with a vengeance later in the year and i think anglo merkel was was alluding to that she was basically saying that this is going to be a tough battle that you shouldnt just suddenly spring back to normal life in much the same way that chris witty in the u. K. Has been saying she was acknowledging though that this is essentially an infringement of Peoples Democratic rights that you have to be able to explain this clearly to people the reasons why these demands are being made of normal people across europe and only then can you make a map managed to keep the unity is to keep it going for the for the long. Standing at the moment victor
From president obama will trump today i signed the Paycheck Protection Program and health care and has been act providing 320000000000 dollars to keep American Workers on the pharaoh trial then stood aside to allow updates from members of the Pandemic Task force but after 21 minutes and left the Briefing Room without answering anyones question trump has bragged on twitter about creating must see t. V. By insulting journalists and making wild pseudo medical claims but the uproar after thursdays briefing in which the president suggested that injecting disinfectant might cure people with corona virus may have been trumps cue to cut it short right and then i see the disinfectant but not say that in a minute one minute and is away we can do Something Like that. By injection. Or almost a cleaning because you see it gets in the lungs and it does a tremendous number of so be interesting to check that the president tried to downplay his words earlier on friday night i was asking a question sarc
Is now 425 kilometers above us orbiting earth and the head of the revolutionary guards says it gives irans military new strategic advantages or that. It is a necessity for such powerful Defense Forces like the revolutionary guard to have access to advanced capabilities today the powerful armies of the world have no comprehensive defense plan if they dont have a place in space today we can monitor the world from space and it means boosting strategic data for the i. R. G. C. Putting the satellite into orbit gives us the technological advantage of it and its also a powerful asset in the intelligence war in iran has put satellites in space before but the success of the noor comes after several failures in recent years its expected to be used for intelligence gathering secure military Communications Navigation and reconnaissance whatever leaders need to support from the sky irans military assets on earth and the satellite isnt the days only technological development. The difference between
Anticipating a reacceleration in inflation. Im just happy tightening is over. The economy is on a cooling path but it is a gradual path. This is bloomberg surveillance with jonathan ferro, lisa abramowicz, and annmarie hordern. Jonathan the most important hour of this morning begins right now. Good morning, good morning. Your equity market on the s p 500 positive one third of 1 . 30 minutes away from ppi, jobless claims, and retail sales. Lisa will it change anything . Ultimately i want to see if the market cares. How much people start to realize theres something greater under the hood then we are pricing in. Jonathan they can have a conversation about a Balance Sheet doing something about qt. The risk event for a lot of economists is whether those three cuts implied by the median dot drops down to two. Which would track the market in the direction the market did not want to go. Lisa and if jay powell does not sound as rosy about everything, it may be is concerned financial conditions