Big stories here, francine, the idea in america, the spread of the virus, just getting ready of this hour of bloomberg surveillance, you hear the sirens constant in the background here in upper East New York city. In particularne is of focus on louisiana, and the other issue, francine, picking up the debris of all the those factorsof is able market with a vix of 63 a bull market with a vix of 63. Francine yes, we will have a lot more on the market. First, lets get straight to new york city and bloomberg first word news. Here is viviana hurtado. Viviana we begin with a major change in tone overnight between the u. S. And china. President donald trump and xi jinping pledging in a phone call to cooperate, this in the fight against the coronavirus. This comes after weeks of rising tensions between the two nations. President trump tweeting, we are working closely together. Relations between the two sides are on a critical moment. Now the u. S. Press surpassing china now the u. S. Surprising
Action, a really important interview coming up. Seth carpenter will join jon ferro and me on Bloomberg Radio on the negative Interest Rates in the u. S. It is about this pandemic. What do you see in london . What is new with Prime Minister johnson and how he treats this viral crisis . Francine first of all, it is friday. A lot of people will be happy it is friday. Focus on the markets and the numbers and try not to be overtaken. Two fed president s coming onto bloomberg tv later with Michael Mckee, and also Catherine Mccain Catherine Mann. London is similar to new york. I was taken aback by the jobless claims yesterday. That number may have been much bigger. You are looking at negative Interest Rates, but if you look at the human tragedy unfolding in italy, they talk about a humanitarian crisis. In london and new york, the numbers keep going up. We will see what impact this has. Tom across bloomberg, a great focus on the louisiana. Ofwill bring you mr. Bostic atlanta and mr. Kaplan of
Stimulus plan to really help countries in the eu. You do wind up having larry fink say if you are a longterm investor, you want to buy risk. You have the dollar seeing its worst week since 2009. May be some of the liquidity funding pressure is taking a backseat. Today we are going to take a look at the market moving news from around the world, focusing on washington, as well as new york. The house is expected to approve that 2 trillion rescue package. House Speaker Nancy Pelosi told bloomberg tv they will move quickly to get that. Rep. Pelosi will have a strong bipartisan vote that, hopefully by noon will be finished. That depends on how we have to come into small numbers to vote have we have to come in to the chambers in small nubbers to vote. In small numbers to vote. Now is kevin cirilli. What comes after that . Kevin all of the house members will vote on this to trillion dollar stimulus package. From there, the president will sign it virtually immediately into law. After that comes
Boris johnson and his house secretary. Spains deputy Prime Minister yesterday. Huge number of cases in the u. S. 22 states now under stayathome orders as 50 of the u. S. Population is meant to be abiding those orders. Down to 73 basis points on the 10 year yield. Crude back down again. 21 point 49. Canadian dollar weaker by about 7 10 of 1 after the bank of canada reduced its Interest Rate to 25 basis points. The Prime Minister selfisolating over here, the Health Secretary selfisolating. We are all selfisolating. The brown story in the market is done and dusted. We go into a weekend where traders do not want to take risk. Terrible numbers overnight out of spain. U. K. Numbers continue to climb. Numbers around the world of those infected and the fatalities continue to rise. That story is now taking over from that meal a we focused on so much over the last couple of days. European stocks at session lows, approaching that 300 mark with a bid back in the bond market. 50 in the german tenye
Test. E taken the it has come out positive, so i am working from home. I am selfisolating. That is entirely the right thing to do. Be a no doubt that i can continue, thanks to the wicked with agree of modern technology to continue to communicate with my top team and fight back. Is selfisolating in his down a street offices after a test on thursday found he had the coronavirus. Weeks ago johnson had pledged he would go on shaking hands with everybody. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Vonnie i am vonnie quinn, welcome to bloomberg markets. Here are the top stories we are following. The fastest u. S. Stock rally in nine decades is showing some signs of fatigue. Nervous aboutin the effects of the coronavirus pandemic. Bostic from president who expresses some confidence that the economy can rebound strongly. Later we speak with nobel prizewinning