Will likely lower crowds of people outdoors. Andre senior reminds us that social distancing is still required and can be enforced. We are walking into a very warm weekend. The most beautiful weekend as far as warm weather. Cabin fever is something we are all dealing with nowadays but increasing temperatures on the rise for the weekend could be the cure. Governor gavin newsom acknowledging that and the potential problem it brings up. People want to go to the beaches, parks and playgrounds. How you do each of those things depends on where you live because of the differences in the shelter in place orders in each bay area county. Earlier this week we told you about the rules and San Mateo County are among perhaps the strictest, prohibiting people from traveling more than five miles from their homes. Alameda includes no such restrictions in their sheltered place orders but social and physical distancing is thickly enforced and will be watched closely with the likelihood of more people head
Opening up like indonesia. It is broadly risk in in asia. Jakarta, a little slow at the get go. Singapore higher. Of 0. 7 . The china security journal says china may lower that mls. The hang seng up 150 points. The bondaction in markets overnight, especially when it comes to treasuries. Aelds in the twoyear fell to record low. Fund fed funds pricing in a negative policy rate. This is ahead of the u. S. Jobs. Bonds still up. Bit of ar taking a slump ahead of the jobs data as well. Crude, still below 30 a barrel. Set for a second week of gains for oil. Lets get more analysis. Patrick joins us. Always great to have you. It seems like we have risk coming back. Disconnect to be a to what equity markets are saying and the signal from bond markets in the prospect of some type of economic recovery. Which side is right . Actually you could overplay the disconnect. The dichotomy between markets. Right tohey are both some degree. Littles are probably a spare. It is not crazy to see some recovery
U. S. For tallys from the coronavirus top 75,000. The u. K. And france prepare for some easing measures from next week. Playing ball. China and the u. S. Agreed to cooperate on implementing their trade deal, despite a blame game over the coronavirus. Welcome to bloomberg surveillance. Im nejra cehic in london. We are seeing a clear risk on tone ahead of the payrolls report. , one of theg adjectives being described what we could see, the job losses to gains. T a decade of job what we heard on the u. S. China trade talks perhaps giving assets a lift. You are seeing green on the screen in terms of u. S. Futures and european equities. The nasdaq has also wiped out its losses for 2020. Yesterday, the two year yield hit a record low, along with the five year yield. Oil catching a bid, heading for a second weekly gain. Lets get the bloomberg first renews now. China and the u. S. Have agreed to cooperate and work toward implementing their phase i trade deal. Chinese vice premier talked with th
Damage assessment economists expected payroll reports to show 22 million job losses, taking unemployment levels to their highest since the 1940s. Neel kashkari says the impact will be devastating. And customer orders slump. We speak to the ceo. Lots still ahead in the trading day. We will talk about siemens numbers and the lack of visibility. We also get plenty of analysis for the jobs report which we expect to see later today. With that in mind, lets take a look at futures. It seems we have found plenty of reason to be cheerful this friday. We will not have any trading in london because it is a Public Holiday, but we have plenty of positive trading coming in from the Asian Session and indeed, in the futures, we see that reflected. Futures point higher by around 1. 3 while european futures, where we see moves to the upside. Euro stocks futures up by a similar amount. Of focus on reopening, which seems to be taking place or being planned for in various parts of europe and in some cases
Camera with mainly clear skies, we were in the 50s to start off the day but as we head to the afternoon check out the daytime highs, 75 in San Francisco, 79 in oakland, 90b0 in san jose, topping out at 93b0 in concord. They tam highs are 11 to 19b0, daytime highs are 11 to 19b0 above normal. But lets check in with gianna. This is a traffic pattern the last few days that we havent seen in a while but more cars are hitting the roadways this morning. We are seeing a few more brake lights through that ultimate alt pass, as you work your way out of tracy, lots of construction on the roadways so brake lines, brake lights showing, with your drive time right around seven minutes. Once you are at 680 things are quite in both directions with no delays. I will have a closer look at traffic in my next report. Im and maca vic and we are following the breaking news of these unemployment numbers that just came out and they are really devastating numbers for the american economy, showing the Unemploym