Good morning, everyone. This is bloomberg surveillance. I am francine la am francine lan london. We have to get to the news for not only eg markets but corporate rates announcing changes, also something that may help with the sickness when it comes to covid19. U. S. Equity futures also higher. Are looking ats coronavirus cases and focusing on monetary stimulus as well. One thing i want to show you is thatorth korean yuan, currency is no longer trading, but we did see a lot of withility this morning, crude oil mapping gains. We will have look at the markets, but first, lets get to the bloomberg first word news in london with dani burger. Hi, danani burger. Hi, dani. Dani good morning, francine. The u. S. Economy has a way to go, according to chairman jay powell. The economy is likely to see a period of significant improvement, but it will probably leave the labor market well short of levels seen before the pandemic. Chair powell the first days of the shutdown, and we have seen what that
The global pulpit Paper Industry and he holds patents in selfadhesive postage stamps and barcode labels. Never knew that. He is an ohio native who graduated from miami university. Teams part of the research that developed the first commercially successful selfadhesive u. S. Postage stamp. Written 20 civil war and andrground railroad books his biography of general william awardson multiple including a literate literary prize for confederate history. He has written several articles forgetting magazine and several other publications. Scott and his wife debbie reside in northern pennsylvania. Scott thanks for coming today. I want to talk about the role of the railroads in pennsylvania. I have written three books on the railroads. Respectively from east to west, the philadelphiawilmington baltimore railroad. The Northern Central Railway which ran from harrisburg to baltimore. The third key railroad that ran between maryland and pennsylvania during the civil war. The Cumberland Valley railro
Balance of opening our business, but they will only be as successful as the Customer Confidence that is there to patronize those businesses. That is not just for the hospitality. That is true for all business. Retail has been the hardest hit. My understanding is over 2 of businesses have closed permanently already. How are we to address this Consumer Health issue . I know this is something you have talked about. What should we be doing . Chairman powell it affects different sectors of the economy differently. The ones we talked about are the ones we are exposed to. Other sectors of the economy may be able to recover much more quickly, and we certainly hope so. Thing is people believing it is safe to go back to work. That is about having a sensible, thoughtful reopening of the country, something we all want. Something we are in the early stages of. That is what it will take for people regain confidence and resume their activities. At a different pace depending on the nature of the busin
For the rest of the year well get a bunch after the bell including netflix. President trump is set to meet with new York Governor Andrew Cuomo this afternoon key relationship for the country and our pandemic response, which has been marked by tension and cooperation in the last few weeks. Well bring you that as soon as it begins. Were expecting that within the hour ahead on todays show, a key move for earnings. Netflix, chipotle, Texas Instruments and snapchat gear up for results after the close. Full coverage of those names and ana analysis of the reports when they come out. And how volatility has impacted brokers. Well speak with chairman Thomas Peterffy after the numbers hit were down 2. 8 on the s p 500 oil very much in focus energy the best performing sector today, only down 0. 6 well dig into all of that coming up for you. Mike santoli is tracking that market selloff. We have got the cohead of oil trading, ben lucker, important guest to join us to discuss crudes unprecedented vol
The public. The resolution is intended to help small businesses, such as staurants, which have been hit especially hard by the pandemic. Restaurants like cassava in San Francisco can stay open by shifting to taket or Delivery Service only. Many of them have applied for federal or city funds to t rvive the crisis. W, some are facing a new hurdle. Insurance companies who say the coronavirus has not caused direct physicda loss or ge to the business property. Joining me now is you, you roy, general manager avof ca you can, thank you so much for being with me tonight. I understand you and your husband rucassava together. Tell me about the restaurant. Yes. Hi, thank you for having us. We have been on street in outer richmond, San Francisco since 2012. We serve the california, modern california cuisine. Cuently, we have been serving more mft food. Fried chicken, salmon, prime rib, that type of stuff. What we are seeing is that people holiday food. Everybody wants comfort. So, that is what we