Process is dominance of government the parliamentary process is dominant of government, completely opposite of what we see in the United States, but it is really all the same thing, governments coming to the rescue of economies that are simply shattered. Francine yeah, and we dont know if there is a second wave or a specific lockdown coming our way as well. Lets get to first word news in new york city with ritika gupta. Ritika good morning, francine, tom. The u. S. Is pending planning a one a Virus Testing resurgence. Testings are being sites are being set up in louisiana and florida. They could provide a clearer picture of how the coronavirus is moving through the population. Officials are weighing how far to go in reopening the economy or rolling back steps already taken. In brazil, president bolsonaro is defending his approach to the coronavirus despite the fact it has killed tens of thousands of brazilians and left him with the disease as well. Bolsonaro has called the virus a litt
Assets. It markets off about 1 . We will do that in the data check in moment. Life goes on. It francine, i think it has been under discussed, the challenges in the United Kingdom and lockdown. How locked down is the United Kingdom . Francine these are challenges to what we have seen around the world with countries, governments empower grappling with how soon do you ease the lockdown. Yesterday, there was a bit of excitement, certainly in the capital, because of the reopen toward the end of the month. There is no plan on schools. There are three grades, peoples that have gone back from june the first. We thought we would hear from the government of the u. K. A gradual plan on the rest of the year. If you are eight or nine years old, you would go back here, and it would be gradual. The government said they would not they did not want to a lot of guidance. They would leave it up to the schools to find out what is best. Tom absolutely confusing. The United Kingdom really looking out to sep
You see it in the markets where for the first time in ages, we have sort of got spaces across equities, bonds, currencies, commodities. The focus is on europe. It really pulled back toward the tendency of disinflation and deflation. The urgency of stimulus in europe is really front and center today. It certainly is and we will see if leaders agree on something. Lets get straight to the bloomberg first word news in new york city with Viviana Hurtado. Viviana President Donald Trump signed an executive order to curve immigration. Green cards are currently on hold. They allow foreigners to become permanent residents the president says that will limit competition for jobs. An exception is being made for medical professionals and researchers. The u. S. House is expected to approve today the 484 billion rescue plan. The bill adds more money to aid Small Businesses plus money for hospitals and coronavirus testing. U. S. House Speaker Nancy Pelosi says her next priority, a major aid package for
Nonresident entry. D. C. Ndc takes action and d. C. Takes action, fiscal support over the virus source to 1. 9 trillion. The fed steps in to support money market mutual funds. This is bloomberg surveillance. Im taylor riggs, stepping in for tom keene in new york. Francine lacqua joining us from london shortly. We want to bring you the breaking as well. In the meantime, an update on the bloomberg we will get the mark out of there for german business confidence, coming in at about 87. 7. You are seeing continued relief here into the ecb. Translating over to a gain for some of the european stocks. In the meantime, i want to get a check on the bloomberg first word news with viviana hurtado. Viviana we begin with the Senate Passing the major the second major Coronavirus Relief bill, President Trump signing it provides paid sick leave and financial help for testing. Lawmakers are rushing to come up with phase three. That is a comprehensive rescue plan that tops 1. 3 trillion dollars that tay
Ahead of the Conference Call to the g7, leaders, a lot of focus will be on whether they will step in with coordinated action or words to assuage the markets. Ahead of that, markets are rising. The stock europe 600, 4 and the that saw a lot of losses because of the epicenter in europe still in italy, up today. The dax up. S p futures, gains across the board. A caveat. Yesterday, we saw similar gains and they peter off as the day went on. Today, there is expectation from g7 and that the fed will possibly step in. Lets get to the bloomberg first word news in new york city with Viviana Hurtado. With an update on the coronavirus. Governments around the world preparing for emergency measures to fight the outbreak. Drugmakers hope to have antiviral treatments ready within the month and vaccines by next year. Of cases number worldwide, topping 90,000 but reports suggest over half those people have now recovered or have been released from the hospital. Central bank, it has cut rates and signals