Peak fatality rates could come in the next two weeks. Haidi brent crude is at its lowest price in trading since late 2002. The australian markets have just opened. Lets get straight to Sophie Kamaruddin. Sophie shares opening lower in sydney. We are seeing and struggling australian in vectors australian economy goes into hibernation. It should strengthen gdp 10 this quarter. As for new zealand, 14 quarterly contraction in the Second Quarter before rebounding as officials wrap up. Buying Corporate Bonds from tuesday. Off more than 2 . Nikkei futures in chicago under pressure. Analysts believe the economy is already in recession. Japanese Prime Minister shinzo to fund the biggest ever stimulus package. Futures sinking more than 2 . Worries about Economic Growth and dwindling demand also playing out in the oil market. Wti testing 20. Flipping back, President Trump is still speaking at the white house, where earlier he said he would extend the guidelines for americans to distance themselve
Crisis. 1000point days were multiplied all week this week for joining me right now to discuss the chaotic week for the markets is the Hudson Institute director for chinese strategy michael pillsbury. Always good to see a thank you mr. Entrance arch for joining us. We talk about markets in the comic backed up coming up with Robert Kaplan but let me first get your take on the coronavirus and i your in touch with the administration. Tell us about the u. S. s response to the coronavirus and what President Trumps focus on now. President trump responses been to offer help to president xi, he has not accepted. He did permit the World Health Organization to send a team at their access was restricted. And now the who in geneva admitted yesterday that key data they need about how healthcare workers are infected, means of transmission, have not been provided by china. This is not something that is evil or mean, its part of chinas overall strategy that weve seen the last three years they are basic
Indonesia as well has been the laggard when it comes to its performance against the dollar. That is also seeing some decent gains. We are up 4. 5 . Yesterday, we saw a stunning rally, jumping the most in 20 years. May just be a technical rebound given how extreme the drop had been before. Brent and crude, we are still seeing some decent gains. We could be in a freefall given the shutdowns we have seen across the globe. Australia. Hing the only laggard today, down about 1. 5 . Still has been a stunning rebound. E. M. Having a good run. Jay powell has been reassuring americans the fed still has plenty of tools and plenty of tools to blunt the economic damage from the coronavirus. He is urging the house to pass the 2 trillion stimulus package. Kathleen hays is here with what happened today and what happens next. Is the stimulus package a one and done deal . It looks like it is going to pass. The Senate Passed it 960. The first vote was 4747. Finally, after days of backandforth, democrats
Crisis. 1000point days were multiplied all week this week for joining me right now to discuss the chaotic week for the markets is the Hudson Institute director for chinese strategy michael pillsbury. Always good to see a thank you mr. Entrance arch for joining us. We talk about markets in the comic backed up coming up with Robert Kaplan but let me first get your take on the coronavirus and i your in touch with the administration. Tell us about the u. S. s response to the coronavirus and what President Trumps focus on now. President trump responses been to offer help to president xi, he has not accepted. He did permit the World Health Organization to send a team at their access was restricted. And now the who in geneva admitted yesterday that key data they need about how healthcare workers are infected, means of transmission, have not been provided by china. This is not something that is evil or mean, its part of chinas overall strategy that weve seen the last three years they are basic
A Global Travel slow down sends shock waves around the industry. I think the airlines will fail. This is a huge amount of Money Airlines will lose. In the u. S. Politics, super tuesday shakes up the race for the democratic president ial nomination. This is a big night for joe biden who beat expectations. The jobs report tops the week. The economic base is strong, the fundamentals are strong. Exclusive confirmation with the ceo of nissan. He said job one is to listen and learn. Its important for me to know what is going on down to our employees. It is all straight ahead on bloomberg best. . Hello and welcome. This is bloomberg best. Your weekly review of the most important Business News, analysis and interviews from Bloomberg Television around the world. Lets start with headlines. With cases of coronavirus mounting and equity markets coming off their worst week since 2008, investors were already on edge. Weak Economic Data from china did not help. Investors racing for more market turmoi