Operations as the pandemic wreaks havoc on its business model. Good morning, this is bloomberg surveillance. I am Francine Lacqua in london. Lets get to the headlines. Expectations of a 6 slump in the Global Economy, but a caveat hang if there is a second wave, which some economists are expecting, it would be a 7. 6 slump. The oecd is explaining what will happen if the economies stay open and there is a second wave and second lockdown. In theetween 6 slump Global Economy and 7. 6 if there is a second wave. The markets are focusing on the rally in a couple days ago. It is about the fed and what they will do today. Investors are waiting for the decision on monetary policy. Treasuries edging lower and crude oil retreating. Lets get to the first word news in london with any murder. Dani the World Health Organization is walking back its comment on the asymptomatic spread of coronavirus, a day it was very rare, it says it is unclear. The head of the unit says previous projections were a misu
And even bigger move at the front end of the italian, and the euro as well bouncing. Up by another 1 . Basically is really intensifying its response to the covid19 crisis and the Economic Impact that it is having on the global economy. Christine lagarde delivering that 600 billion and extending the benefits put forward by the governing council over the last few weeks, making them last a little bit longer. Lets listen to what she has to say. We judged that it was necessary to increase the price and i can assure you that there view and theus governing council that action had to be taken. In the face of that inflation outlook, and given our mandated price ability, action had to be taken. How big a day was it for europe . That ecb decision and Angela Merkel, bob diamond, Capital Funding partner and ceo, joining us now. What do you make of what Christine Lagarde has done, what do you make of what Angela Merkel has done . How big of an impact will it have on the european economy . Fromch a s
We are also watching currency, the dollar has been the big story this week. The euro as well as its counterpart. We are taking a pause from the rally after the ecb, but if we see a gain today, that would take that streak for the longest in 16 years of nine days straight. So far it is flat. Flirting withlar . 70 for the first time this year. The dollar weakening across the board with the exception of the yen. Dollaryen, and offshore hovering. We are watching the bond markets as well. The mliv question is, the yields we are seeing, will they disrupt the equity rally . The u. S. 10 year after the u. S. Jobless numbers that fell again, treasuries ing the worst brent slipping after they did extend cuts after a breakthrough with iraq. Tom the European Central bank did put its money where its mouth is, announcing a bigger than expected increase in emergency bond buying, responding to what it calls the unprecedented contraction in the euro area economy. Kathleen hays has the story. What is dri
A state of emergency and warns of grave legal measures against anyone who undermines the fight against the pandemic. Arrested after being on the run for 25 years a bangladeshi military captain is to be executed of the assassination of the countrys founding leader. And the how much now have all the sporting kidding footballs governing body say theyll step in if clubs and players can almost solve the pay dispute issues caused by the coronavirus ban that. Now the 3 months after it was sealed off from the wall to hand has opened its doors again tens of thousands of people have been allowed to leave the chinese city which was once the epicenter of the coronavirus solid break but it remains under close watch with tight Health Restrictions in place avoid a 2nd wave of infections sarah clarke begins our coverage. Packed and ready for departure tens of thousands of people from the city of woo han are on the move after 76 days holed up in their home when i wasnt here when i planned to go home du
[bell] street asmmet on all investors panic about the pandemics devastating economic impact. The pandemic is putting millions out of work, as shops and restaurant close around the world. Stocks plummet on wall street. Hello. Countries across the world are wrapping up the response to the coronavirus epidemic. The french president has cleared were on the up break and is borders from 11 gmt on tuesday. The eu as a whole is considering banning all but essential travel. The British Government which has been under pressure to toughen its approach is asking britains to avoid nonessential travel and pubs, clubs and theaters. This President Donald Trump has issued similar advice and urging no social gatherings higher than 10 people. This comes as the head of the World Health Organization implores governments to test far more people with suspected cases of covid19. The mounting concerned that the pandemic will cause a global recession. Another toward day on the market. Stock markets plunged arou