Says will give hope to other parts of the world class. The georgia braces for a rise in infections after bowing to religious pressure and allowing churches to open orthodox easter. The British Government has denied reports that it wasted time and botched its response to the coronavirus pandemic with Prime Minister Boris Johnson directly to blame a damning report in the sunday Times Newspaper says johnston ignored scientists warnings and skipped 5 emergency meetings in the run up to the crisis this is the u. K. Recorded 596 more deaths pushing the total past 16000 elsewhere in europe italy and spain of recorded their lowest daily death tolls in about a month with 433 and 410 deaths respectively but numbers keep rising across the atlantic with more than 40000 people now dead in the u. S. The worlds worst affected country meanwhile south korea which once had the worst outbreak outside china has recorded just 8 new infections well have more on that shortly but 1st this report from paul bre
Today. And south korea, the Ruling Party Wins the election. Oil sits near an 80 year low amid a record collapsing u. S. Fuel demand. The trump is said to consider paying them to leave oil in the ground. We start this morning with a little bit of shaky ground. A reality check. For me, its about the bond market. You saw that drop in yields yesterday by 13 basis points. Its crazy to hold bonds. I turned to blackrock. I like what rick writer is saying. Basically, we will follow the fed. By bonds, etfs. What caught my eye, blackrock is getting ready to sell Interest Rates long. Nejra very interesting. A lot of people have been saying that in terms of buying what the fed is buying. If we get another initial jobless claims print above 5. 5 million which is the consensus, that would take the gains over four weeks in those initial jobless claims about 20 to you 22 million. One of the eight of the workforce out of work, wiping out the job gains since the last recession. Staggering numbers you ar
Drillers to leave oil in the ground. Good morning, this is bloomberg surveillance. I am Francine Lacqua. Lets check in on the markets. We have a lot of news, but we are used to it. Terms of european stocks, u. S. Futures, and everything in between, the big story is oil. We had the iaea report yesterday, production cuts on sunday did not seem to be enough. Stocks rising, u. S. Futures rising. Investors are trying to gauge the damage caused by coronavirus, and awaiting the next corporate earnings. The dollar also extending gains. Lets get the first word news from new york city. Milestone, with a global infections topping 2 million. In the u. K. They will extend the nationwide lockdown as Officials Say there are signs britain may be passed the worst of the pandemic. In theh korea, and election, the Democratic Party in the 300places seat national assembly, that is the largest elementary victory in more than 30 years. The result as a show of support handling of the coronavirus outbreak. Fiv
Committed to serving all people everywhere with the best evidence to protect their health. Who develops guidance based on the totality of evidence collected from around the world. Every day our staff talks to thousands of experts around the world to collect and still the evidence and experience. We constantly review and update our guidance as we learn more as we work to adapt it for specific context. R example, we recommend hand washing but we recognize this can be a practical challenge for those who lack access to clean water or who live in cramped conditions. Together, with unicef and the International Federation of the red cross, we have published new guidance for improving access to hand washing. The guidance recommends that countries set up hand washing stations at the entrance to public buildings, offices, bus stops, and train stations. And many countries are doing it. We are also working hard with researchers all over the world to generate the evidence about which medicines are
In times of crisis, and with the dow plummeting another 1338 points, s p plunging 5. 8 and nasdaq down 7. 0 were in a doozie of a crisis you simply could not do enough to help make things better our government should always error on the side of doing too much in these situations because you dont beat a pandemic by thinking small not unless you get very, very lucky. So far we weve been about as unlucky as it gets everything is going wrong at once in terms of being constructive let me tell you what i think needs to happen to stop the tsunami of selling in your stocks in your portfolio when i say we need to think big, i mean huge, it was terrific to see a bill pass the senate with massive bipartisan supreme copo that help the cause. The government has said that bars and restaurants should close down payrolls a payrolls hotels, airlines 59 billion, all jobs are in danger and many are already gone we need to write checks directly to the workers we cant afford to tear the fabric of society b