The bloomberg terminal. Reopening in america, President Trump urges the u. S. To get going again, even if it leads to more death. Chinas ambassador to washington calls for an end to the blame game over the coronavirus origin. More pain for europes banks. Lenders try to estimate the damage to their Balance Sheets from the coronavirus shutdown, and the ecb stands by its inflation mandate after a German Court Ruling on its qe program. Bond investors expressed concern about the Central Banks latest ofonavirus stimulus in light that decision. We are under an hour away to the start of cash trading across the continent, and in Great Britain, lets look at futures this morning, pointing slightly lower after a decent rally yesterday, although it was a rough start to the week for European Equity indexes. We are looking at drops of about. 1 right now on the dax futures in frankfurt. Higher in thedge cash trade yesterday. We are seeing futures edge higher once again today, so. 6 gain across the s p
In 1973 i saw him first, across a loud, profane, filthy newsroom in downtown raleigh. He was right out of school. I was still in school. I looked across at a city summit, who is that . Thats david zucchino. Is going to be the new star here. He had long, dark hair, over his shoulders, sick, jet black mustache. It was a long time ago. David is a grad of the unc Journalism School and in the burnout of the journalism hall of fame. In raleigh, he became famous very quickly in the newsroom when a new young editor came in and sent out a memo to the reporting staff saying each report will submit to his editor every morning and itinerary for his plans for the day. David even then impossible to tame, sat down at the old manual typewriter. Its a legendary story. Said what i will do today, i david zucchino. 10 15 try to to sneak in a late. 10 40 get a son drop. 11 Start Talking up where to go to lunch. He was writing all this done. We went to the diner yesterday at the blue plate special win wt ov
Seeing this as a sign that they do see sort of a light on the horizon here. With all the states beginning reopening, expanding the reopening, it will continue to be good for the economy, even in a staggered fashion. There is that. Were following markets across the board. Even issues with disappointing numbers and earnings, most seem to have factored that in. So well get detail by detail, casebycase, sector by sector. This is a remarkable comeback here. A lot of this buoyed by this news out of Gilead Sciences that its drug just might be the panacea some hoped it would be for treatment of the coronavirus. Way too early to tell that here but certainly a different reaction as that stock soars close to 6 on the day. Blake burman, monitoring developments at the white house right now including the president having a sitdown with the louisiana governor. Also meeting with more ceos and those in the agriculture, meat industry. The president you might recall has said that the Meat Processing plan
Emergency Small Business fund, 75 billion for hospitals. The democrats claim its their victory and already, senator schumer is planning another 150 billion package, this one for local governments. Is all this enough . In my opinion, not if we dont get back to work soon. We have to open up the economy to avoid economic disaster. Elsewhere, the president says he will sign an executive order today suspending green card issuing for 60 days. This does not apply to guest workers or agricultural workers. To the markets. After two days of sharp declines, weve got an uptick. The dow looks like it will open with a gain of close to 400 points. That is 1. 7 . S p up 1. 8 . Nasdaq up 1. 6 . Green arrows across the screen. There are some standout stocks. Netflix nearly 16 million new subscribers. Their outlook, though, is cautious. We will get into that. The stocks down eight bucks, 1. 8 . Look at chipotle, doubling their online orders in the month of march. Chipotle is clearly a lockdown winner and
Im nejra cehic in london. Overall, the stoxx 600 in the red today. We had some Real Movement on u. S. Futures overnight, flirting around the flatline. We see a little bit of optimism come through on u. S. Futures after the s p 500 briefly rose over 20 . D yieldsthe 10 year bun and other core yields slide in europe. Some Dollar Strength. It is moving higher against all g10. The aussie underperforming. Oil bouncing back after two days of declines. Lets get the bloomberg first word news with Viviana Hurtado in new york. Viviana we begin with Prime Minister boris johnson. He remains in intensive care. Dominic raab is trying to reassure britains fight against coronavirus is under control. The u. K. Is heading to the peak of its outbreak. The government has been criticized over its handling of the crisis. Saying he isb confident the Prime Minister will pull through because he is a fighter. Theark and austria became first European Countries to loosen restrictions. Sources telling us selective