You see it in the markets where for the first time in ages, we have sort of got spaces across equities, bonds, currencies, commodities. The focus is on europe. It really pulled back toward the tendency of disinflation and deflation. The urgency of stimulus in europe is really front and center today. It certainly is and we will see if leaders agree on something. Lets get straight to the bloomberg first word news in new york city with Viviana Hurtado. Viviana President Donald Trump signed an executive order to curve immigration. Green cards are currently on hold. They allow foreigners to become permanent residents the president says that will limit competition for jobs. An exception is being made for medical professionals and researchers. The u. S. House is expected to approve today the 484 billion rescue plan. The bill adds more money to aid Small Businesses plus money for hospitals and coronavirus testing. U. S. House Speaker Nancy Pelosi says her next priority, a major aid package for
Deflationary europe feels than america. Francine this is also because the pandemic hit italy first, so in terms of curves, you are a couple of weeks ahead in europe. It is a different set of numbers. The packages and loans that european governments are giving is different from what the u. S. Is doing, largely because you are at different stages in europe compared to the u. S. We are looking for that leaders summit, more stimulus coming from the commission and probably to give a strong voice to the commission that europe is united and in solidarity with country most affected by the virus. Tom a lot of different opinions. We will talk to Dennis Gartman about how to fold in a weaker euro call with gold. Here is viviana hurtado. Viviana donald trump signed an executive order to curb immigration. Green cards are currently on hold. They allow foreigners to become permanent residents. The governor the president says that will limit competition for jobs. Expected tose is approve today the 484
Remarkable 24 hours. The sirens are still more than evident on this island of manhattan and with that said there is quiet across the nation today, its just a benchmark of the deaths in the covid virus reported in america are now greater than the deaths of americans from the vietnam war. That is a real touchstone in america. Looking at figures for london, the number of deaths now bigger than what we had one thing i was reading about in the u. S. Was number of deaths and care homes. States retro rampup testing to make sure the elderly are safe. News go to the bloomberg in new york city. We begin with u. S. Federal reserve policymakers to keep the benchmark rate near zero. Focus on thelikely next step it can take to rescue the economy once the lockdown ends. The decision at 2 00 p. M. New york time. Area that might need support, mortgage servicers. A couple of grim milestones of the u. S. The number of infections topping one million. That is a number and then number of deaths passing more
Downing street. Lawrence the cat, move over. Francine just an hour ago, the Prime Minister Boris Johnson announced the healthy arrival of a brandnew baby boy. Baby johnson was delivered safely this morning. We do not have a name or photo, but there is a lot of messages of joy from people across the world because Boris Johnson is or g20y leader of the g7 to catch coronavirus quite badly, needing almost four days in intensive care just two or three weeks ago. Tom i have been watching the glideh give us the path. Give us the update on milan. His the virus done in italy is the virus done in italy . Francine this is something variola just with virologys with the heads of state are trying to figure out. New zealand, they have only had 19 deaths. It is difficult to have a complete walk down. Lets say you flatten the curve. Keep people and lockdown forever. If you are in a region that is part of a bigger country, it is much more difficult to find the right balance of not hurting the number of
Friday coming off the exhaustion of all of that central bank news, the analysis of the markets, the big tech earnings. I would focus on this may day, on the persistent theme, the dawning awareness about a seriousness a pandemic continues to be. One lighter note, there is a beach war in america. The governor of california is shutting down the beaches while alabama and texas are talking about opening the beaches. That is the distraction in a very difficult virus statistics. Howcine it is interesting in the u. S. It differs from state to state. With the bloomberg first word news in new york city is Viviana Hurtado. Viviana we begin with u. S. Federal reserve expanding the scope of its main Street Lending program. Now businesses with up to 15,000 employees will be eligible, so will those with up to 5 billion in revenue. The central bank is expanding its paycheck protection facility. This after the initial round of funding was spent in under two weeks. European central bank looking to ease