Alone a sports stadiums turned into hospitals. And a cease fire comes into effect in yemen but the whities say its just a stunt. The number of worldwide coronavirus deaths is edging closer to the 100000 mark as lockdowns continue to threaten the Global Economy there are signs that any recovery in the u. S. Economy the Worlds Largest is going to be slow as Consumer Confidence collapses and unemployment skyrockets and europe leaders have agreed a trillion euro economic support plan they say will prop up businesses governments and help people meanwhile the number of dead around the world is rising rapidly in the u. S. More than 1200 people have died from corona virus in the past 24 hours with the u. K. Adding more than 800 victims within the last hour the British Government says Prime Minister Boris Johnson has been moved out of intensive care as his condition has improved he will remain in hospital 2 weeks after testing positive for the virus or economic toll of the virus is growing in t
The pandemic Oil Producing countries reach a deal to cut production in an effort to offset the global drop in demand and prices. The u. S. Unemployment rate has soared to 17000000 in the wake of the coronavirus pandemic the countrys economy has been crippled as businesses are forced to shut down in an effort to stop the spread figures released on thursday so 6. 6 millions of americans filed Unemployment Benefits last week alone thats on top of that 10000000 in the 2 weeks before and more than 15000 people have died new york state is the hardest hit accounting for nearly half the total number of deaths and the British Government says Prime Minister Abbas Johnson is out of intensive care very was being treated for the virus and were going to have more on joe. Ensigns condition in just a moment 1st lets go to john hendren whos joining us from chicago john just a few moments ago the press conference by the corona tasca force in the us at the white house was concluded president something th
This is bloomberg surveillance. I am Francine Lacqua in london. Markets, thet the volatility swings we saw is moving to currencies. European stocks have been fluctuating, they are flat right now. They were higher a couple minutes ago. Oil is higher today after china unveiled plans to boost its reserves. If you look at brent, they were 12 higher, now they are 9 higher. Treasuries slipping along with the dollar. Lets get to the bloomberg first word news. China says it acted in an open and transparent manner when it comes to the coronavirus, after u. S. Intelligence reports said beijing concealed the extent of the outbreak. Two sources say chinese numbers were fake, that includes underreporting total cases and deaths. The pentagon is looking to provide as many as 100,000 military body bags for potential civilian use, as the u. S. Warns deaths could soar in the coming weeks. To a dealon is close with a contractor. It will send it to fema. Now to eu nations, they are setting out competing v
Only 18 days since everything closed down. 39 days since the first covid case in new york. It feels like a lifetime. Firsts since we have the covid case in the united states. 80 days. Lifechanginge, 80 days, but thats what it has been. When we started this situation that we are still in the midst of, before people get march,ent, the end of the White House Task force was still talking about 1. 5 million to 2. 2 million deaths, ok . Their best Case Scenario with mitigation efforts was 140,000 to 240,000 deaths in the united states, which is breathtaking. For new york, there were a number of models that were put up that we are following. Wasmost frightening Columbia University that said we could have 136,000 people in new york city only who would be hospitalized, not infected. Which the mckinsey model suggested 110,000 people could be hospitalized statewide. We had a second scenario from mckinsey which is 55,000 people hospitalized. Foundation,tes thank you very much, funded a study which
A pass is that of spain as the president continues his war of words with World Health Organization. Millions of indians ordered to wear masks in public including those in the 2 biggest cities do you tell me in mumbai. And on time and i have all the sporting goods. And then how cross fit actually are staying active in isolation like competing online. We begin in yemen where a unilateral ceasefire is just started the saudi u. A. E. Coalition fighting Houthi Rebels says the truce will last for 2 weeks its the 1st time theres been a nationwide cease fire during the 5 years of war the saudis state news agency reported the Coalition Wants to. Venton our break of coronavirus in yemen the un has welcomed the ceasefire it says it hopes it will be extended to pave the way for direct talks of a push to end the fighting in yemen began in late 2018 when the 2 sides met for talks in sweden a truce was reached around the port city of her day there are both sides agreed to pull their forces out of the