I am Francine Lacqua in london. This is what markets are doing. These are the headlines from the International Energy agency. The oil markets are improving, they say, and we had hints of that from the biggest reducers in the world. Saudi arabia claimed they could put a price increase on asian markets. They say the oil market improving is continuing. We will have a look at wti futures to see what they indicate. The markets give us a good idea of what is to come. U. S. Futures are fluctuating. Investors are waiting for the jobless data. Treasuries gaining, the dollar is up as well. Lets get the bloomberg first word news from new york city. Spending more money to tackle the economic turmoil caused by the coronavirus pandemic will be rapid, that is the message of jerome powell. He calls on increasing stimulus, and he is backing down suggestions that the central bank should adopt negative rates. 130pandemic could push Million People into poverty in the next decade, according to the United N
Will mean then. A lot of earnings out there. Without question the ecb meeting is front and center today. A change after what chairman powell said yesterday. Absolutely stunning the difference between the u. S. Central bank in the European Central banks. Its could be a radically different press conference from lagarde today than what we saw from powell. Francine many people say its a different economy and cycle. Im excited to be talking about that. First lets get straight to new york city. Trumpbegin with president blaming chinas Coronavirus Response on politics. He says beijing would do anything to see him lose the election. The president did not provide any evidence china would liberally mishandle the outbreak. He says he is considering various ways to punish the chinese government. Chinas response, it has no interest in interfering in u. S. Internal affairs. Chairmanderal reserve jerome powell, he worries about the longterm economic damage of the coronavirus. If the economy starts to
Big stories here, francine, the idea in america, the spread of the virus, just getting ready of this hour of bloomberg surveillance, you hear the sirens constant in the background here in upper East New York city. In particularne is of focus on louisiana, and the other issue, francine, picking up the debris of all the those factorsof is able market with a vix of 63 a bull market with a vix of 63. Francine yes, we will have a lot more on the market. First, lets get straight to new york city and bloomberg first word news. Here is viviana hurtado. Viviana we begin with a major change in tone overnight between the u. S. And china. President donald trump and xi jinping pledging in a phone call to cooperate, this in the fight against the coronavirus. This comes after weeks of rising tensions between the two nations. President trump tweeting, we are working closely together. Relations between the two sides are on a critical moment. Now the u. S. Press surpassing china now the u. S. Surprising
Action, a really important interview coming up. Seth carpenter will join jon ferro and me on Bloomberg Radio on the negative Interest Rates in the u. S. It is about this pandemic. What do you see in london . What is new with Prime Minister johnson and how he treats this viral crisis . Francine first of all, it is friday. A lot of people will be happy it is friday. Focus on the markets and the numbers and try not to be overtaken. Two fed president s coming onto bloomberg tv later with Michael Mckee, and also Catherine Mccain Catherine Mann. London is similar to new york. I was taken aback by the jobless claims yesterday. That number may have been much bigger. You are looking at negative Interest Rates, but if you look at the human tragedy unfolding in italy, they talk about a humanitarian crisis. In london and new york, the numbers keep going up. We will see what impact this has. Tom across bloomberg, a great focus on the louisiana. Ofwill bring you mr. Bostic atlanta and mr. Kaplan of
Ease some of the Capital Buffers as well, potentially some of the u. S. Banks. We know again this is not a financial crisis, this is more of an exhaustion us shock. So letting the banks perhaps ease up on some of these roles to make sure they can get loans out to people who need them, certainly perhaps a smart idea. Ofncine yeah, i think a lot policymakers are just worried over what is essentially a Health Crisis that will turn into a financial crisis as they are trying to give loans and credit to Small Businesses that need it. I am looking forward to an interview with the treasury people in charge in the u. K. About the stimulus they put out yesterday lets get to first word news in new york city with viviana hurtado. Viviana we begin with the Trump Administration pushing a one point 2 trillion stimulus plan. This to counter the Economic Impact of coronavirus. Bloomberg has learned americans could get direct payment of 1000 or more within two weeks. A month later, a second set of check