Been prevented. The consequences and explanations an explosion of violence including brutal attacks against police and looting please people in the german city of stark dark stunned and businesses track. Im brian thomas good to have you with us today there has been a spike in corona virus cases here in germany after more than 1400 people tested positive at a meat packing plant that facility has been closed for 2 weeks and thousands of people placed in quarantine in the surrounding area it remains unclear if regional leaders are going to reimpose a wider lockdown and concerns are growing about the reproduction rate for the whole of the country which is now jumped to 2. 00. Coronavirus cases in germany were long in decline but now thats changing and large part due to the super spreader event at the tiniest meat packing plant in the countrys west. North rhinewestphalia state for mia visited the site on sunday. Guns not to run this trial in north rhinewestphalia infection numbers have gone
Jakarta just coming online. Interesting when it comes to the hang seng, we are close to those session highs for the hang seng. Cathay pacific certainly one to watch. Spike onned that brief this governmentbacked rescue plan. We come back to earth a little bit. Still seeing shares elevated a little bit. Chinese stocks slightly lower. We missed on the Inflation Numbers. Small caps in china close to 20 higher from those lows we saw. India futures also pointing positive. We are watching the dollar as well. Down for nine of the last 10 sessions. A little bit of exception with the yen, 107. 79. The hong kong dollar still on the stronger side but kyle bass doubling down on his bet against the peg. We will see what kind of demand there is. Offshore renminbi pretty much unchanged right now. Haslinda lets stay with china. Factory prices continue to fall in may. The country continues to deal with the fallout of the coronavirus pandemic. Lets cross to selina wang in beijing. Break down the Inflatio
March and early april. How is it in london and the United Kingdom . Is the same tension there . Francine attention remains around the world but i think if politiciandoner, a in the u. K. , france, and spain, look at states that reopened may be more quickly than others, maybe without the same precautions than others, to try to give you a sense of what you should be doing. In london, if you look at our rate of infection, still below 1. Boris johnson this week said bars could reopen july 4. We will see as the number of cases around the world increase, exactly if consumers will go out and spend like the Prime Minister has asked them to. Return one has done the to sport like english premier football. It has been extraordinary. Their distinctive from the disaster that is american sports. Speaking of that, jason kelly in february began a project in speaking to the basketball star lebron james. Little did mr. Kelly know that this would be an extraordinary moment for bloomberg and also the spea
Discussing enough what the Standard Chartered bank and hsbc is doing where they are saying they are going to agree to whatever with new security rules of hong kong. How big a deal of this in your london . Francine well, it was quite a big deal when they announced it. I think you and i spoke to stephen engle. He reminded us, it goes to show may be the influence that beijing has on some of these companies if they want to have licenses in mainland china. This is actually quite difficult to dig into the deep root of it. Now, we understand that there is a backlash from investors. Just yesterday, we had o aviva, one of the biggest investors in a lot of these banks, saying it is decisionable with the of hsbc and Standard Chartered, it is uncomfortable about the banks decisions. Tom absolutely fascinating what we see their. We have got lots of coverage through this hour and on through bloomberg surveillance. Theill be joined from school of chicago, the former leader of the central bank of indi
I think Everybody Knows that. The impact is disproportionally on the poor and it could widen economic and equality, so something needs to be done. Government spending has helped but Public Confidence we key. You have to believe that you will be safe to go out. He says inflation will be low, and the fed has helped market functioning with its lending programs. They will keep buying agencies and treasuries, at the current pace, and then they will wind down with the crisis ending. The key point seems to take in the fact that we saw that amazing report today. He notes that with the easing of restrictions on mobility and commerce and the extension of federal loans, some businesses are opening up while stimulus checks are supporting households and spending. Oft said, he says the levels output of employment remained far below and significant uncertainty remains about the strength of the recovery. He underscores that we are committed to using our full range of tools to support the economy. If t