The most important issue. The blur of information we are getting, the effect on the markets, the effect on the nations politics, it doesnt matter. The pandemic statistics, the cases, the hospitalizations, and yes, rising death rates are front and center. Jonathan couldnt agree more. The conversation is so familiar to everyone sitting in london, in europe watching this play out. You start at 10 00 p. M. Curfew you start to limit dining. Then what . That is the concern for a lot of people this morning. Tom im going to use the hands up. That has proven so effective on radio worldwide. Think of it like three hockey bucks of death in europe. Inis only one hockey puck the United States. Europe is way out front of this, and i am frightened by the idea we will begin to see the deaths expand. The other thing i am frightened by, lisa takes a day off, and rumor has it she left day bear, and i think shes returned a bull. [laughter] jonathan lets see how long this one last. I reckon we can get to a
U. S. Naval Institute News reporter sam lagrone talks about the role of u. S. Navy hospital ships in the coronavirus response. Washington journal is next. The men and women of the greatest country on earth are going to defeat this coronavirus and reclaim our future. After sleep deprived nights and marathon negotiating sessions, we have a bipartisan rescuent on the largest package in American History. Host republican and Democratic Leaders in the u. S. Senate announcing a deal at 1 30 a. M. This morning on a 2 trillion coronavirus aid package. Good morning. We will get your thoughts on that this morning. Democrats 202 7488000. Republicans 202 7488001. Independents 202 7488002. Youcan join us as well if text us with your first name, city and state that 202 or8003 at 202 7488003 go to twitter at cspan wj. We have learned about what is in the deal the lawmakers have reached. Theres 500 billion for major corporations. 360 7 billion for Small Business loans. 130 billion for hospitals across
Annmarie hordern. Jonathan good morning, good about strategies to expand margins. I am actually very optimistic morning. This is bloomberg surveillance that margins will grant you only alongside Lisa Abramowicz and gradually expand. Annmarie hordern. The s p positive by. 3 . A two day losing streak on the s p 500. The biggest oneday loss on the there is this major focus on s p since the middle of expanding margins. February. The nasdaq 100 the biggest move lower since january. We have chairman powell volume lisa your overweight risk one and volume two in the next 24 hours. Lisa i have to say about the assets piling on, shrugging off selloffs, is that a viable dip . All of the doubletalk. Does it count as a dip . Are they the toxic ones at a this is the conversation we will time of concern for a longer have with jay powell. The question is if his threshold has changed if the january cpi period of time . The have a significant concerned him in the way it seems to be concerning the market
Lets kick off with first word news, with mark crumpton. Mark an encouraging sign for texas, as it struggles to return to normalcy. Hasus christi ship channel reopened, after being shut down nearly a week. Port Officials Say the reopening is a step toward resuming operations at seven refineries, and transporting that fuels to market. The channel was closed when harvey slammed into Corpus Christi last week. Are inan 1500 people louisiana, and officials expect that number to rise as more people are a black evacuated from flooded communities. 1000 people were flown to dallas from a shelter in beaumont, where residents have no drinking trump will visit texas for the second time on saturday. Officials in houston expect most of the floodwaters to receive by late today, or early tomorrow. Gone, theater is rebuilding can start. And of this an estimated 136,000 structures were flooded in harris county. Up 10 sinceces are a gallon after the nations largest refineries shut down due to flooding fro
A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to gradually build up and support headline Inflation Development in the mediumterm. We are also unanimous in communicating no change to the forward guidance. We only have to wait for wages and prices. We were unanimous in setting no precise date for when to discuss changes. The last thing the governing council may want is an unwanted tightening of the financing conditions. Jonathan joining me around the table today is the cohead of Global Portfolio management fixed income at Goldman Sachs asset management. And the credit columnist for bloomberg gadfly. Over in dallas, the chief Investment Officer of highland capital management. Guys, great to have you with us. Lets begin with you, mike. Yesterday and through today, this really interesting dynamic asserting itself. The first time i have seen in a number of years, the euro is stronger and the peripherys bid. Can that continue . Mike i t