Vice president ial contenders take the stage for the one and only vp debate in Salt Lake City tonight. We will take you straight to the beehive state for a live preview of what could be the most intensely watched vp faceoff in history. And our allstar Political Panel, Brad Blakeman and mary ann marchon on why the president chose his Supreme Court nominee over trillions in coronavirus stimulus yesterday only to reverse. Plus, slack stepping it up to take on tiktok and instagram . Slack unveiling workplace video stories as it fights off new challenges from google. Ceo Stuart Butterfield joins us live in just a moment because they have a whole host of other things they are floating. Really interesting things. In the meantime, lets get to the president s tweet thats got the markets doing quite a dance. This is what we saw at this time yesterday, after President Trump put a full stop to stimulus negotiations. You could see it. It really began to fall very dramatically. His tweetstorm right
Wilford frost in this final hour of trade markets rallying again today, stocks at their highs of the day around 3 , although we did see yesterday anything can happen in the final minutes or hour of trade. It can evaporate at a moments notice 59 minutes left. Driving the action this hour, encouraging numbers from the u. S. As the government lowers its projection model for the devastation from coronavirus and after fauci says the government is planning ways to, quote, ease back to normal fed minutes out from the last meeting showing the u. S. Central bank intends to keep rates near zero until the economy has weathered the Coronavirus Impact and senator Bernie Sanders suspending his president ial campaign, removing a mesh huasuf uncertainty before novembers election coming up on todays show, well speak with mark cuban. His read on how Small Business is faring and this i take on the market volatility ahead. And the ceo of etsy will join us as many etsy sellers pivot to homemade facemasks w
Virus could put you in hospital for weeks or even kill you thats a warning from the World Health Organization telling young people dont be complacent in the fight against the pandemic and the u. S. Has announced it is limiting non essential travel across the border into mexico and want to force a new statute to block migrants from entering illegally. In my increasing the mandates because the numbers are increasing and as a lockdown in new york state the governor announces tighter restrictions and calls for all nonessential workers to stay at home. For we got a lot of developments to take you through with regards to the coronavirus pandemic the number of deaths continues to rise rapidly especially in europe it is now considered. The epicenter of this crisis we start with the news out of italy where the death toll has climbed to more than 4000 we have seen the largest single day rise in the number of fatalities 600 and 27. 00 people died there on friday as we say that total now up above
Korea, but now we had subsaharan africa. Anotherhad nigeria, and area of great concern is iran. These are countries that do not have the same kind of Public Health infrastructure, the some kind of control over their border. If you start to see transmission and those areas, those will be the ones that cause spread to other countries and a greater rate than we are already seeing q8 david you are seeing already. Fed going tos the do about the coronavirus . Michael fear is in the saddle. We have gone from maybe the fed might have to cut because of this to three full rate cuts and a better than 50 chance of a forth over the next year. The only trouble with this theory and the idea they be they do an emergency rate cut is correlating with central bankers around the world is that central bankers do not seem to agree. The head of the Buddhist Bank has been the head of bundesbank whose country has been affected by this says we have enough accommodation and at this point there is nothing Central
Years long review process. Human rights advocates say asylumseekers who have been returned to mexico are often assaulted in shelters and on the streets when looking for food. California regulators have agreed to penalties against pg e to a record 2. 1 billion for violations tied to the wildfires ignited by the companys power lines in 2017 and 2018. The penalty is about 462 million higher than in earlier fine and would be the biggest ever against the california utility. Pg e would also be required to pass along any tax savings associated with the payments to customers. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im vonnie quinn. Amanda live in toronto, im amanda lang. We are joined by our bloomberg and Bnn Bloomberg audiences. Here are the top stories we are following from around the world. Panic and fear