I want to take a few brief opening remarks and then ill turn it over. Then ill turn it over to Ranking Member sanders. We are here today to consider, to serve as the nest director of budget. To serve as the director since there were 20. Teen President Trump nominated him in march as the nations facing a unprecedented crisis, both health and economic from the covid crisis. The office of management and budget paint played a key part, in addition to building the president s annual budget we also to do financial, management grants management, information technology, program assessment, and Property Management just to name a few. Given the vast responsibility over the organization its important to have a senate director in place. Before we hear from the Deputy Director of want to discuss our response to the coronavirus pandemic. Congress working with the president to provide needed relief for individuals and businesses and state and local government on a series of bills resulting in spendin
Today, francine. After the three day weekend here in the united states, what i really suggest is the testing of how we get back to normal. The markets decided with futures higher. Francine we will have plenty more on the market shortly, but now lets get straight to bloomberg first word news from new york city. Ritika good morning, in france hasn hong kong, carrie lam defended the sweeping new security laws. She says it is untrue that the legislation would ban street protests. She promised Hong Kong Freedom would be preserved. Prodemocracy groups are planning another major rally tomorrow. President trump is vowing to move the Republican Convention out of North Carolina unless crowds are allowed. Statesa shot at the democratic governor, roy cooper. The president says he wants to be assured that republicans can gather in charlotte in august, whether there are coronavirus outbreaks or not. British Prime Minister Boris Johnson is facing another day of pressure to discipline his top adviser.
Corona virus outbreak. And reunited after 32 years a mothers fight to find his son who was abducted as a toddler. And sport the n. F. L. Owners back a rule change designed to increase diversity in the league teams will now have to interview at least 2 minority candidates for head coaching position. A powerful fighter and has slammed ashore in eastern india and bangladesh cyclon open as the regions fiercest storm ever recorded that we can slightly at how do winds of up to 170 kilometers when it began to make landfall hundreds of thousands of people have sought shelter in india and there have been reports of injuries and a 2 month old baby has already died while neighboring bangladesh has also reported its 1st death after a volunteer drowned when a boat filled with evacuees capsized the government is attempting to get millions of people to imagine seashells is 1200000 range refugees and coxs bazaar have also been asked. Stay indoors until the cyclon passes well tanveer chattery is standi
The market did give back gains we had seen earlier in the session. Part of what we had been seeing with wti prices. Oil prices up. Wti potentially having seen the worst. Talking about disney in a minute they are reopening disney shanghai on may 11 wti up 3. 5 . 23. 40 it has been a long time since weve seen these levels, andrew. It is joe, or becky. We may have to get tacos for joe at the end of the month. Dont worry about me, andrew. Thats like 6 for 12 tacos. What we have to worry about is the hypo allergenic malte opinion poo or whatever. I told you id be happier to see stocks higher so i could buy my own dog i thought, wait a second. Doughnuts for andrew taco bell. Then she slips in the hypo aller againic labradoodle. Shes smart. Andrew, where are we at we could be at 3,600 or 1,100 by the end of may who knows the reason i said that. Over time, i would have never bought stocks on may 1, which makes me think i should have well see. By the end of may, well it may be obvious to buy on
Had any symptoms himself, and his wife is now feeling better. An emergencyg for 5 billion loan from the International Monetary fund to help fight the spread of the coronavirus. Its the first time iran has asked for the imf help since the 1960s. Reported cases in iran soared by more than 1000 in the last 24 hours. Now topping 10,000. More than 400 people have died, including several top iranian officials. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im shery ahn. Amanda live in toronto, im amanda lang. Welcome to bloomberg markets. We are joined by our bloomberg and Bnn Bloomberg audiences. Here are the top stories we are following from around the world. Equity markets plummet. The stoxx 600 recording its worst day on record, plunging more than 11 . In the u. S. , the s p 500 plunging more than 8 at its lo