Are signs the u. S. Outbreak is beginning to level off. Global stocks climb as the daily death toll declines in some epicenters. The virus takes its toll on the u. K. Forest johnson was taken to hospital for tests after 10 days of suffering with the coronavirus. The queen makes a rare address to comfort the public. The worldsk to biggest food company. Our interview with the nestle ceo and around 10 minutes time. Welcome to bloomberg surveillance. Im nejra cehic in london. We are seeing optimism. The stoxx 600 showing green on the screen. U. S. Futures, all higher by at least 4 . The 10 year yield had its lowest weekly close ever last week. Bank of america says we are poised to retest the record low with the 10 year yield moving higher, above a 60 handle in todays session. The dollar, giving up some gains, but it was on a fourday gain. The exception of the yen. Recovering after the weakness in the Asian Session and oil, weaker as we look ahead to this potential meeting on thursday betwe
A doctor returns to the hospital. Good morning, everyone. Tom keene in new york, guy johnson in for Francine Lacqua and london. We say good morning to all of you. It has been an extraordinary come historic we can. The queens speech, the Prime Minister hospitalized as well. Tell us about london. Tell us about the mood monday morning in london. Guy lets talk first of all about what is happening with the Prime Minister. Under u. K. Rules, there is no Vice President , there is no vice Prime Minister. So what is happening here is heominic raab has been will chair todays cobra meeting, the emergency cobra meeting, and he is effectively in charge of the government. Boris johnson is still in charge of the government, but with him hospitalized, there are growing calls that the Prime Minister needs to take a step back. The understanding is that he has been put into hospital for precautionary reasons, but we will wait to see the exact details. There is no new information be on the news that he ha
This is a very unprecedented time. Three priorities in this period. The first is the health and safety of our employees. If we can all stay healthy what stay healthy, we can be part of the contribution here. Even under adverse conditions, we are trying to maintain manufacturing of our food and beverage products. And then with the physical presence in 187 countries, it is very important to us that we also give the helping hand over and above the call of duty around the world where we are present. And on the business continuity, mark, do you have all of your raw material supply guarantees . Crisisminute we saw this spread, we were trying to improve inventory levels at all. Evels of manufacturing obviously there was very little time, and i think flex ability is what is required right now. You do have logistics constraints. Sometimes you need to resort to airfreighting. Sometimes that takes longer or capacity is limited. It is all about managing in a very tight way this crisis and ensuring
Angela merkel may be pouring a little bit more cold water on that idea in the last hour. Vonnie absolutely. It is hard to understate the extent of the rally here. We have consumer durables leading this rally, up more than 7 in the s p 500. Itself is up 4. 4 . Even in the s p 500, the worst performing sector is up 1. 25 right now. The dollar index is up 0. 25 . A live at of weakness for the 1. 0785. Ding at the Canadian Dollar stronger today at 1. 4742. Guy lets get some more insight into what is happening with these markets, a little more context as to where we are potential he going. Mber, Global Market strategist at jp morgan asset management, joins us on the phone. Looking at what is happening around world, seeing signs that there may be stabilizations happening in a number of countries when it comes to coronavirus cases, then extrapolating that into the equity market, i am wondering whether that is a step too far. Hugh i would agree with you because i think at the moment, what we s
Boris johnsons condition has worsened although he is said to be in good spirits. The virus pushes australia closer to its first recession in almost three decades. There is no expectation that the rba will make any changes when it needs meets later. Shery lets turn to President Trump at the white house. He is giving a press briefing on the coronaVirus Outbreak. Take a listen. Pres. Trump 15 are in plans for critical trials in clinical trials. A Second Company enough the fda has authorized its vaccine candidate to begin clinical trials. Johnson johnson is already there. I believe they were the ones that are first. Now we have a Second Company that has Just Announced and was just approved. We have two companies at that level. 100 ift performed you think of this 1. 79 million tests. 1,790,000 tests. I believe we are going to put on the screen. This is the process starting on 5 march and ending right about now. Yesterday. Pres. Trump and it is going up at a rapid rate. Nobody has done more