Good morning. Wherever you are in the world, welcome to this virtual interview from politico. My name is robert heath and i am the author of politicos global translations. If you dont get my newsletter, you can get that. Today, we are kicking off a a worldcalled transformed. To discuss how the pandemic is changing global leadership. Other countries, global ngos andons and Global Private sector groups are rising to the occasion. Our guest today is kristalina georgieva, managing director of the International Monetary fund, imf. I have had the privilege of getting to know her over the course of 10 years as a colleague and as a journalist and im delighted that she will help us understand what she calls the great lockdown. Imf is pushing the emergency liquidity into the market. It is succeeding in getting a debt moratorium. Ina. Ome, kristal dir. Georgieva thank you very much. And hello to the obvious. Ryan we have people all over the world. Glad you made it into the office. Ill start with
Justh to reopen california today taking smaller steps to ease its lockdown later this week. The first state to shut down its in our lets bring Bloomberg Markets reporter, taylor riggs. Why did tech outperform the rest today . Taylor a lot of the optimism new yorkn newsom, from governor andrew cuomo, seemed to turn that around in the final hour of trading. , all of theoned direction today. Fangs,daq along with the the peak out performers. Microsoft, amazon, apple leading those gains. Needp hearing that you that leadership for this rally. Emily Warren Buffett seemed to be driving a lot of the pessimism, saying he got out of airlines entirely. Walk us through how his remarks may have played out today. Since down the lowest september of 2013. Warren buffett said he would rather take losses in those positions. He said, the airline business, and i hope i am wrong, and i may be wrong, but it has changed in a major way. He said the future is much clearer to me. 137ew his cash pile to billion.
Proud moments when we persuaded her to do that. So im honored to kick off what i know will be a fascinating discussion about the influence oof the influence ofeurope on tl marketplace. Last year the wall street journal called the decline of europe a force in World Affairs the most consequential shift of the last 100 years and there is some truth in that since world war ii military influence of europe is certainly declined, and its also true the Economic Growth has been compared favorably with that of the United States or for example with china or india. And of course efforts to maintain an Economic Union have been more complicated greatly as we all know. But still, i think professor bradford sees things a little differently and in her book the brussels effect of the European Union rules the world which is here and also back there and you must have a copy, professor bradford argues that it remains a critically important economic superpower and makes the case very persuasively that conti
After officials celebrate positive results from a gilead trial. The data shows that remdesivir has a clear cut positive affect in diminishing the time of recovering this is important for a lot of reasons. Socgen gals. It triples provisions and suffers poor performance at Investment Banking business. Nokia takes a 200 million euro hit saying 5g will be an ongoing boost to demand. Elsewhere to facebook focusing on the positives shares jump in after hours trade as the social media giant said ad revenues made a come back and monthly users neared the 3 billion mark we are not immune from this crisis we did see a steep decline in advertising revenue starting about the first week in march. That has continued weve seen some more recent stabilization. A warm welcome to street signs, everybody. The French Economy has suffered the deepest contraction since world war ii meanwhile spanish gdp data also showed that economy slumped 5. 2 , quarter on quarter as the virus brought the countrys economy t
Contributed to our understanding of the universe. Welcome to the Program Leaders from around the world have announced theyre teaming up to develop and deliver a Coronavirus Vaccine that will be accessible to all the program is being called a landmark collaboration work will start with a global pledging effort next month aimed at raising 8000000000. 00 the un and politicians all stressed the need to make vaccine widely available to everyone there was a notable absence though from the meeting of the United States which says it has no official involvement the w. H. O. Chief says its important all tools used for fighting the virus are available to everyone but the experience is stored as that even went to the side a veil a bill they had been not been equally available to all. We cannot allow that to happen today doubly sure is proud to be uniting with many partners to launch the axis 19 accelerator or the accelerator this is a landmark collaboration to accelerate the Development Production