Scene Central Banks finally starting to get it. We have some actual details as to what the fiscal responses . We do not. Sebastian businesses size up their bottom line with continued headwinds. We see the business down 85 . If i talked to our colleagues in china, they say it is Getting Better everyday. Can want to do our best to fight this crisis and achieve our targets. Sebastian investors, economists, and policymakers offer guidance in a time of financial turbulence. I think the odds are 80 we will have a recession. The Oil Price Decline is very good for india, good for china. Survive with liquidity, three months, six months, nine months, people will go bankrupt. Sebastian that is all straight ahead on bloomberg best. Hello and welcome. Im Sebastian Salek and this is your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with a look at the top headlines. Last friday and talks between saudi arabia and rus
We will talk about the potential threats to National Security. No refunds. Airlines may be refunding customers, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the Global Economy as the coronavirus widens. Italy went into lockdown and u. S. Virus cases spiked. The dow jones entered a bear market wednesday, the s p tumbling into their market into bear market territory after President Trump announced a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. That talkedch, about how much companies would lose on the downturn and uber and lyft shares fell on the reality that customers are sheltering in place. Wednesday i asked Wedbush Securities dan ives for his take on the volatility. Dan you need to put goal post around in terms of demand. When i look at the core names, a lot of t
Damaging as the financial crashes. Italy is taking steps to contain the worst infection rate outside of china. All businesses and pharmacies are ordered to close. Shery lets get you a check of the markets in the u. S. We had the dow fall into a bear. Arket territory, falling 20 the s p 500 a hair away from the 19 lower than the previous high. We had every group on the s p 500 sinking more than 3 . The nasdaq down 4. 7 . U. S. Futures under pressure. We have seen no more details on the substantive stimulus that President Trump had promised. In the afternoon, he said at one point that the u. S. May not need the fiscal measures. That did not sit well with the markets. U. S. Futures gaining 2 10 of 1 . We will see how we do without how we do throughout the rest of the session. News and headlines dominate market sentiment. Sophie a lot of caution. A she futures pointing lower despite the global stimulus engine being revved up. In new zealand, a fiscal response is being considered. The rbnz
Are seeking to capitalize on it. We will talk about the potential threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. Jones entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. To keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. Danked wegman sec
Particularly hard with some 220 cases reported and the death toll at 7 italian authorities have put almost a dozen communities on lockdown in the countrys economic heartland now that could spell major trouble for that years 3rd largest economy and possibly the entire block. But slightly calm a day for stock markets yesterday some exchanges saw their steepest one day drop since 2015 today a more mixed picture. In london the Stock Exchange opened slightly up but in new york closing shop down. Thats partly because chinese factories a slowly reopening signaling a replenishment of Global Supply chains and because fears of a truly Global Pandemic havent been realized although its fall from over. Now is the time to prepare so were in the phase of preparedness for a potential pandemic so preparation is now the name of the game in the United States the white house asked congress for 2300000000 euros to prepare medical workers and to find a vaccine japans preparation staggering the daily commute