Spare a thought for people in the chinese city of wuhan who thought they had beat the virus. Now, all 11 Million People are being retested after a discovery of a new cluster of cases. And an inquiry into the actions of Hong Kong Police during last years prodemocracy protests clears them of using unnecessary violence, saying the officers were responding to threats. Accor i am phil gail. Welcome to the program. Germans love their holidays in the sun, with the government starting to lift pandemic controls, the only thing getting them away from those dreams are other countries borders. Germanys foreign minister is due to discuss exactly that with his european counterparts next week the endless beaches of france and the majestic mountains of austria. In any normal summer, German Tourists love to head for these and many other european beauty spots. But because of the coronavirus, the route to germanys neighbors has beenen blocked. For many, the pandemic has given travel in you importance. Of
Front. Showing millions of jobs lost. Well see more with the jobless claim number and tomorrow with the number from the government dow looks to be up 260 s p up by 34 and nasdaq up by 118. We are getting competing views jobless numbers we know are bad. Then you see oil prices that tell you where things may be headed prices may be up again gain of 7. 3 this shows you maybe things are starting to pick up around the globe. Maybe that demand is coming back that may be something to hang your hat on. Andrew thank you we have a huge lineup of guests. Secretary of state mike pompeo will join us to discuss relations with china former ceo of Goldman Sachs about the outlook of the economy and the ceo of paypal and also talking to the ceo of hilton and aflac ceo will join us and our media guru from lion tree hard to think we are going to pack it all in in three tiny hours. That means no screwing around at all today is what i think go for it then. Three hours time for everything. With err going to
Welcome to bloomberg surveillance. I am Francine Lacqua. A lot going on in your markets. Happy monday. Asian stocks are advancing with the u. S. Index futures following a mixed section in asia. Investors move across growth to relax restrictions for coronavirus. I am looking at the dollar drifting higher against most of its major peers. Lets get to bloomberg first word news. In the u. S. Vice president pence is selfisolating after his press secretary tested positive for the coronavirus. He has tested negative everything a day. He has not been in quarantine. He plans to be back in the white house today. Threatening to sue in germany over the countrys constitutional court. Eu final word on ing eu law has infringement proceedings against germany are possible. Speak to the lawmaker later this morning. Saudi arabia has announced austerity measures. It is cutting allowances for government workers. The savings are valued at 27 billion. The coronavirus pandemic continues to hit oil demand. The
Good morning and thank you for joining us. Wet weather as we had through the day. That is happening for the northbay. We will talk more about that coming up. Im at the live news dance. Let me fill you in on some breaking news incidents. There was a car crash that happen in pittsburgh. It turned into a fire and a person died in that car. The Police Responded to the call. The car crashed into a post office semi tractor trailer truck. The Fire Department got there in the car was on fire. The person was trapped and they got the driver out and started cpr. Unfortunately, that person passed away. We are following right now a fire in an abandoned apartment building. More on that in the next half hour. Developing, we are learning more about the unemployment numbers during the pandemic. The latest figures show a sharp decline. 14. 9 unemployment nationwide for full time workers and 22 including parttimers. 20 him million american jobs were lost. Economists are wondering if there will be a depre
In light of the attack from the invisible enemy, as well as the need to protect the jobs of our Great American citizens, i will be signing an executive order to temporarily suspend immigration into the united states. So far the white house has not offered any more details. The pandemic has already been almost all of these put on hold now for weeks. President trump also said he is hoping the senate will vote tomorrow on a bill to replenish the Paycheck Protection Program to help struggling businesses. Those funds ran out last week. The new stimulus package is expected to provide another 310 billion in loans. As well as money for hospitals and virus testing. And an unheard of development as Oil Prices Fell into negative territory, as demand dries up it is causing a huge threat on oil and Storage Facilities around the world are at capacity. Marathon oil is closing its east bay refinery amid the historic plunge in prices. The data from San Jose Police reveals overall crime in the city is d