Europe and why debts keep rising so much in spain and in italy and what can be done. Tom we have an important interview in the next hour on the virus. We will go to mount sinai for that. I am next to the outside i manhattan hospital in new york. I will tell you, it is an extra ordinary monday. I know you see in in london, we see it in new york, with quiet streets and politicians really needing to adapt. My major message in this hour is the complete readjustment and struggle that global wall street is having trying to gauge this contraction. I love what bruce kasman said at jp morgan. He looks back and harkens back to the contractions that we saw before world war ii. Francine i think we had an update on friday from goldman sachs, j. P. Morgan on the Second Quarter gbp just gdp in the u. S. , and the numbers are nothing like we have ever seen before. So i know we have a full round of update just on the lockdown, different in new york than it is in london. Boris johnson saying that people
You are in the world. Welcome to bloomberg surveillance. We changed hours in europe to get an extra hour. Ill be joined by tom keene in one hour. Weve had a couple incredible weeks on the markets, a lot of volatility, a lot of people working from home. Good morning to you, as well. European and asian stocks declining this monday. U. S. Equity features are pretty fluctuating, investors trying to figure out negative coronavirus news means against the stimulus measures that trigger the balance in risk assets last week, dollar getting, oil falling desk gaining, or will dollar gaining, oil falling. Lets get to blooming first word news. Is viviana hurtado. At his President Trump goal of a normal life by easter. He wants the public to practice social distancing until the end of april. Earlier, Top White House advisor dr. Fauci telling cnn as many as 200,000 americans could die if efforts to mitigate the spread of the virus on to successful. Arent successful. Secretary mnuchin wants to have op
Routes in the u. K. Is incredibly difficult. As a result of which, to be in a for Francine Lacqua this morning. Lets have a look at the markets honest, this is something that then. Was probably always going to happen. Tom as an american, i would the stoxx 600 is down by. 2 . Suggest that may be possibly we opened in positive territory because the Railroad System is lifted with talk to come. So darned better than ours. Flybe we will talk much more about that today. That puts the virus front and sentiment from center. Its get to first word news with the trading day. Viviana hurtado. Countries are ongoing headlines are weighing on things at u. S. Futures are pointing negative. Tightening travel restrictions to contain coronavirus. There are reports japan will quarantine all people arriving this is the picture on oil markets. From china and south korea. Focusedthe brent price, australia has also added south korea to its band list. On the opec plus meeting in declaring a state of vienna. I
Gaining stoxx 600 are 0. 7 . Trying to still digest moves from the fed at super tuesday. We are getting data out of the euro area. It is coming in instead of the 52. 8 we were expecting. The eurodollar is unchanged. Lifts foring similar the s p future. Lets get straight to first word news in new york city. We begin with an update on the coronavirus. More than 50,000 people have recovered from the virus more been released from the hospital. The number of infections has risen. Now, to the spring meetings of the International Monetary fund. Will use a virtual format instead of holding the conference in washington dc. The two organizations have said they are fully committed to maintaining the coram. Japan is saying it could be possible to delay the summer olympics to later in the year amid concerns the coronavirus could cause the games to be canceled. Late may is seen as the latest a decision could be made. Is pressingapan ahead. Experts from opec and its allies recommended deeper cuts to
Definitely running away from risky assets on virus fears over the weekend. We have a number of cases initially climbing, putting extra pressure on the ftse made. Mib. Down 4 . Travel and leisure down significantly so the fact the epicenter has moved from china, korea, and some of the asian economies in europe, it is freaking out investors, saying the spread may come to europe. But, two. 3 higher, 1682, outside to quality italia and markets. Italian sovereign bonds, dropping quite a lot as italy is the epicenter for the coronavirus in europe. Plenty more on that throughout the day but lets get to first word news in new york city with Viviana Hurtado. Viviana President Donald Trump in india. Moments ago, he said he is countries can reach a great trade deal, as he announced they are to sign a deal worth 3 billion in military sales. It also comes during his official status visit. Mp spoke at a namaste tru event and will visit the taj mahal. Reforms. S want sweeping boats in iran and other