The new system and we have a staff update on this this morning. So looking forward to that. In short, d. B. I. Is still fulfilling its motion on behalf of the his. I want to thank you to our hardworking and dedicated professionals for their absolute terrific jobs they are doing and have been doing. Under the enormous stresses caused by this virus. This continues to require multiple adjustments in very reduced timeframes and under challenging conditions. And we are all deeply impressed with our staffs achievements to date. On top of Everything Else, the entire department is moving its offices to 49 south van ness. The move will start on july 23rd and take place over two weekends. It will mean that the Curbside Services are unavailable for a few days and again staff will provide more details on this later in the morning. The city, as you know, is keeping a very close eye on the resurgence of the deadly virus. Well keep you updated as changes occur and we have steps that are designed to k
Investment savings again as tensions continue to rise. Selling underway this morning. Dow futures down 50 points duh the nasdaq is up 4 and a quarter. S p 500 right now down 3. Growing concerns over coronavirus spikes and what it could mean for the recovery fueling a selloff yesterday. Nasdaq and s p 500 snapping 5day winning streak with declines in double digit. Facebook not getting a like. Walmart says retailer reportedly to offer freeday delivery and customers willing to pay a 100 a year. Defund police, this as crime is rising across america. We have you covered coming up at 7 30 a. M. I will speak with new york city mayor Rudy Giuliani, dont miss that. Secretary of Homeland Security chad wolf will join me. Secretary is live at 8 30. Mornings with maria is live right now. Global markets this morning are mixed. Take a look at european indices across the board. Dax lower by 86. Uk finance minister announced that the latest Recovery Plan lathe today later today is expected to open pubs
[no audio] tom good morning, everyone. Bloomberg surveillance. We welcome all of you worldwide, on Bloomberg Radio and Bloomberg Television. Some technical difficulties there, which usually start with tom keene because i am the one most remote today. I am still at my home here near the mount sinai complex. It has been a most extraordinary morning. Let me give you a sense of the new slow right now before we get to our good conversation this morning. Is certainly decidedly new and more grim news on the pandemic. This has been the seachange news this morning. We have seen it over the last couple of days as well. And in the markets, as Jonathan Ferro has mentioned, a real deterioration over the last number of hours. All of this the reality. I think i could simplistically just say because we have wiped away any sense of a vshaped recovery, that ended somewhere in the vicinity of 2 40 p. M. Yesterday, didnt it . I think there was Jonathan Jonathan i think there was a little bit of exuberance
We are standing by for the daily task force briefing. Hear that President Trump recently spoke with Vice President joe biden. Also, u. K. Prime minister Boris Johnson has now gone into the icu. Positive 10 days ago and his symptoms have only gotten worse since then. Rosalind joins us on the phone from london. What do we know about the Prime Ministers condition at this late hour . He had been isolating himself at home for 10 days now. He was attending meetings by video link and sending selfie videos to the public even though he was clearly ill throughout. Concision his condition worsened. He has been transferred to the icu conscious, but as a precaution in case he needs ventilation. That has been a pattern for some patients were around the 710 day mark they take a turn for the worse. They say these are precautionary steps. Emily he did tweet this morning. He said, last night on the advice of my doctor, i went to the hospital for tests. Told dominic raab, the u. K. Foreign secretary, to
Good spirits. This hour brings earnings for samsung. A crucial report amid the virus disruption will show how the chip industry is weathering the global storm. Shery lets start you with breaking news out of south korea. We are getting become your current account balance. Right now, the surplus coming in at 6. 41 billion. Also for the goods trade surplus ining in at 6. 58 billion february. Both numbers are a significant rebound from the plunge that we saw in january when it hit the lowest level in seven years. Exports have been stabilizing after that hit from global trade spats and the double chip industries downturn. For the month of february, we are seeing an update and a rebound with a current account surplus at 6. 4 billion. The goods surplus at 6. 6 billion in february but of course we are headed to seymour economic fallout from the coronavirus outlet, so we will keep an eye on those trade figures out of south korea. For now, lets get you a quick check on markets. He restocks at th