Europe and why debts keep rising so much in spain and in italy and what can be done. Tom we have an important interview in the next hour on the virus. We will go to mount sinai for that. I am next to the outside i manhattan hospital in new york. I will tell you, it is an extra ordinary monday. I know you see in in london, we see it in new york, with quiet streets and politicians really needing to adapt. My major message in this hour is the complete readjustment and struggle that global wall street is having trying to gauge this contraction. I love what bruce kasman said at jp morgan. He looks back and harkens back to the contractions that we saw before world war ii. Francine i think we had an update on friday from goldman sachs, j. P. Morgan on the Second Quarter gbp just gdp in the u. S. , and the numbers are nothing like we have ever seen before. So i know we have a full round of update just on the lockdown, different in new york than it is in london. Boris johnson saying that people
To the importance of signal of folding below a 1 year yield. The twoyear is many people will be discussing emergency fed action. Francine yes, i think that will permeate through what we look at everyday, bond markets around the. World lets get to the first word news first word news in new york city with vienna or title. Viviana we begin with the first moving developments to the coronavirus fastbreak. The japanese island of hokkaido went quiet after the governor declared a state of emergency. New zealand and lithuania putting their first infections. South korea has more than 2000 cases. The u. S. Is moving to expand the number of people being tested. Health Authorities Say they will test anyone with unexplained severe respiratory illnesses. J. P. Morgan is joining other Corporate Giants in restricting travel, the bank saying International Business trips will be limited to a social travel only. Previously they had limited travel only two regions hardhit whether coronavirus. Oil is on tra
Some have moderated a little. We trade at 68 59. Gold went above 1600 an ounce. We come off the high a ten year yield did get to a 170 breaking a trend line that weve been in since september but now down to two basis points on a 180 handle on that. Looking at dollar yen though that comes off a little bit. Unchanged there on that currency pay. European equities in the red but a reasonably muted move also what were seeing in u. S. Future. One point we saw it drop as much as 1. 7 but we recouped ome of those losses. This morning we begin with the retaliation from iran against the u. S. For the killing of its top general. The nation firing a series of missiles at Iraqi Air Bases Housing u. S. Troops. The escalation coming hours after President Trump says the u. S. Was totally prepared for an attack. Irans foreign minister saying tehrans is retaliation. It adds it isnt looking for war but will defend itself. Also this morning shortly after takeoff a boeing 737 bound for ukraine crashing in
I am Francine Lacqua in london. You can see the stoxx pretty much unchanged, and if you look at the chinese were nimby the renminbi, china does not want a comprehensive deal with the u. S. , and we are looking at the pound, because we are seeing a little bit of a move on brexit, things on both sides, the eu saying they are looking at a proposal but are expecting more from the u. K. , the u. K. Saying they want to speak to Emmanuel Macron, the president of france, directly, and the euro is now at 1. 0973. And hsbc is cutting jobs, but bloombergs get to first word news. Reporter ready to emerge with impeachmentrump inquiry, a Law Firm Says it is acting on behalf of multiple whistleblowers. Abc news earlier reported the second whistleblower has not yet spoken to the committees investigating the president. The white house says this does not change the fact that trump did nothing wrong, and ealspects for a brexit d fading, after doubt be a cast on whether a deal can be reached before the oc
Good morning, everyone. This is bloomberg surveillance. There is quite a lot of going on in the markets. It is what is happening with crude oil, 59. 21. That is nymex. Brent is much higher. We have to look at some of the prices at nymex. It is having a huge impact across the board. We are seeing stocks relate to oil price as well. If we have a look at the airlines that have been impacted. Lets get that board up, ryanair down 2. 7 . Bp worried about possible shortages. We will have a lot more on the story. A lot more on the barranco attack. Get to thets bloomberg first word news with viviana hurtado. Viviana would begin with Boris Johnson. A law would stop him from forcing through a no deal brexit. We have been told he will reject any deadline extension. Ahead of the Prime Ministers first negotiations today with European Commission president. Over to hong kong, this we can protesters set fire to a subway station. Police hit back with tear grass and Water Cannons. It is now into its four