Huawei. The s p 500 down 0. 9 . Dire Economic Data followed by confidencey good data, according to the Michigan Consumer sentiment data. But we are checking the innards of those data to see what is going on there. The 10 year yield at 63 basis 28. 53, up crude at a good 3. 5 today. Lets get to europe. Germany plunging into recession, gdp falling 2. 2 in the first quarter. Bloomberg has been speaking with executives of German Companies about the pressures caused by the pandemic. Have a listen. The times are turbulent and they are complicated. The real question everyone is asking, how quick will be recovery come . The uncertainty remains. There is still very much uncertainty, so from that point of view, we remain kind of cautious. I think it is too early to call an end to the globalized world. We assume a ushaped in area into year end. We are presuming recovery on the one side, which is important. We dont know exactly how the restart and the unraveling of the current lockdowns across the
First time in decades. Going there for more from beijing is bloombergs selina wang. Give us an update on the situation in terms of the death toll and some of the evacuations from the ships, and also what we have heard about potential delay to the National Peoples congress. Selina we heard from the head hospital that he turning point may be reached, but we did see the number of , so it looks like the virus has not reached a peak yet. Outside china, countries have been stepping up evacuation efforts from these cruise lines. The diamond princess cruise ship in japan reporting the number of infections jumped to 454 after another 99 new cases right in the fight. In beijing, you can still feel the effects on the local economy, with stores and restaurants still closed. There has been a slight uptick in activity as people have resumed work, but only about 40 to 50 of the economy has been running at capacity this week. In beijing, anyone returning from the city has been ordered to self quaranti
Particularly when it comes to equities. 0. 3 . 600 up by the eurodollar just turning negative in front of our eyes. Its been positive for most of the day. As you can see, the movement is to the downside, as it is with brent crude coming out trading 57. 24. We are down by 0. 2 . This talk about what is happening in brussels. This week, the European Union would unveil big plans for rules on Artificial Intelligence and Data Management ahead of the socalled white paper. Has beenns tech czar meeting with facebooks mark zuckerberg. Joining us from brussels, bloombergs maria tadeo. Talk us through how important these rules are going to be. Important because these rules will have a Significant Impact on u. S. Technology companies. European regulators want to get tax reform on Digital Services. A tax on Companies Like facebook. Define a newt to frontier for Digital Services that has to do with Artificial Intelligence, facial recognition, and so on. This meeting was crucial for mark zuckerberg,