Statistics. Trust me, i got a lecture this morning on my way into work about these risks of age and weight, and the number one message i have worldwide is not what you or i think or what all the good people of journalism it is what the medical people think, and they are one week out. They are one week out, and then they are in search of pneumonia. The linkage of bacterial illness with this virus is what the pros are worried about. Wish everyone a speedy recovery, but that is a timely reminder. We will have plenty more on that. Lets get to bloomberg first word news with three to ritika more on the stunning news from the white house. President trump has tweeted that he and his wife milani a he and his wife, bonnie a trump, have tested positive for coronavirus. They plan to remain at the white house. President trump will continue to carry out his duties without disruption. In london, a warning that the city is at a Tipping Point when it comes to the coronavirus. Residents are taking immed
Tomorrow, but the one that really matters will be an 8 30 in 3. 5 hours time in washington, the jobless claims number to show a labor economy in america that really borders on depression. Lotcine we will talk a about the modeling out there and we will look at modeling in europe. Lets get to first word news in new york city with viviana hurtado. Viviana we begin with china, accusing the u. S. Of trying to shift the blame for its own coronavirus outbreak. Beijing responding today to the bloomberg report, china concealed the extent of the problem. Bloomberg has learned the u. S. To community concluded beijing under reported both total cases and deaths. China calling that moral slander. The pentagon is asked to provide as many as 100,000 body bags for potential civilian use. Bloomberg has used the military as has learned that the military has about has learned that the military has about half of that on hand. And more leverage will allow a absorption of lack of liquidity for treasuries, pl
Not a surprise if you look to see whats happening with the shutdown of the economy, the forced shutdown because of coronavirus. Taking a look at the tenyear this morning, it looks like that is yielding about 0. 735 at least on the last time i looked at the boards it was. And then wti is the other big story today. Joe also mentioned opec plus deal it was an historic one opec and other nations agreeing to cut Global Oil Production by onetenth. Well talk about this in a few minutes. Wti is up by 1. 5 to 23. 11 a barrel. We have a huge lineup of squawk newsmakers including Mohamed El Erian, Richard Preston and dr. Scott gottlieb starting in a few minutes. Andrew thanks, becky hope everybody had a great weekend. Lets bring everybody an update on the pandemic. Of course, the number of confirmed cases in the United States now more than 557,000 and the death toll is more than 22,000 there are 190,000 cases in new york state with more than 9300 deaths that means new york alone has reported more
This is 3 declines for each of these markets. Joe, it looked worse overnight well see what happens as we get a little closer to the opening bell youve been watching the treasury. It was lockdown. It was lockdown for quite some time. And it really was about i couldnt help but saying, this is the politicians fault. It was if they had done what they looked like they were going to do as of friday, i dont think it would have been like that but then again, we may have had the, all right, they passed it, were up and then that sells off. In this world, i dont know what to hope for anymore. This is how it works, though. Im going to read something in a second that im so excited about. I even got more excited about this than i did about the futures not being locked down is,000 points. Weet gel well get to that. It was 954 points or something. Yields have come down. The tenyear was down at 0. 829 . Again, that volatility is spreading not only through the stock market but treasuries. Its been amazi
Like General Electric that were important to the broader averages. Dow only dipping 17 points. S p falling 0. 01 . Nasdaq gaining 0. 3 . But the day ended up being dominated by takeover talk, and thats precisely where i want to start my game plan for next week, with a potential deal, namely at t buying time warner, something that david faber said could happen as soon as monday morning. Judging by the huge leap in time warner stock, its entirely possible this monumental possibly 80 billion deal could be announced 48 hours from now. That might be followed by another expected deal, qualcomm potentially buying nxpi for 110. If these deals occur it will be a wild monday that might distract us from the biggest earnings week of the year. They could send up everything. Cbs as well as all the Semiconductor Stocks that are small enough to get a bid, and im talking about everybody from skyworks to micron. Consolidation is a way of getting the bullish juices flowing. But lets not ice earnings. Mon