Evening. Ernoon, good this is bloomberg surveillance. Im francine here in london. Of course, its monday. To everyone out there. A lot of the focus is on what we heard from President Trump yesterday. Ideal way to actually reopen an economy is well. Uarding lives as well look at italy as today is the first what they call phase two. Actually day that its starting to slowly reopen. His is what your markets are doing. The focus is not just on european stocks, but on you can see european stocks down some 2 . Crude oil. Because of the rolling of the contracts and what we saw just a to le of weeks ago need spend a bit of time in terms of oil and what they see. President trump also blasting china. We troo i and figure out what that means for trade. Ell be speaking to our Brenda Murray very shortly. Now lets get straight to new york city. Bloomberg first reviews is we begin with the daily falling from the u. K. To italy. Hats as leaders across europe grapple with how to ease lockdown restriction
The presiding officer duly noted. Mr. Lankford mr. President , i want to be able to address this body to talk about an issue that we dont talk about enough, the deficit. Its an issue for whatever reason weve stopped talking about in washington, d. C. Were talking about tax policy, as we should. Were talking about Disaster Relief areas, which we should. Talking about health policies, which we should. A lot of other things. We have stopped talking about debt and deficit. I think thats a mistake for us. See, as the trend has moved, since 2011, at a high point when the deficit spending that year was 1. 3 trillion in overspending in a single year. Since that point, deficits have gone down a little bit each year until 2015. In 2016, our deficit number, thats a single year overspending started going back up. It went up in 2016. It went up again in 2017. Turning the wrong direction. As you will recall and as many people in this body would recall, deficits were a major topic for us starting in
Jobs act in colorado. The banks of colorado, which has significant presence in the western slopes of colorado, four Corners Region that i represent wrote me after passage of the tax cut and jobs act they anticipate the passage of the reform is going to be having a positive effect on the growth of their businesses an our local economy. In fact the bank of colorado added a special bonus at the end of the year for all 641 of their associates in colorado and new mexico. Theyre going to be receiving 1000 in terms of a bonus and parttime associates will receive 250 to 500. Mr. Chairman, in my part of the country thats real money. It is not a crumb. How we pay a mortgage. How we pay for the electric bill. How we provide literally for our children. To be able to boost hose opportunities for those employees it is actually helping main street right now. The bank of colorados actions i think provide an example for news terms of new possibilities that exist in the current economy and also looking
To 2,000, perhaps more employees, whereas the arena will employee a mere 500 people 6789 thank you. Thank you very much. Next speaker, please my name is iggy and my wife and i own a house and business in the mission. Our son was born at ucsf with severe heart congenital defects. They took great care of us. We love that hospital and we love San Francisco. We have invested our lives in the city. We strongly oppose the proposal to build the Warriors Arena across the street from the childrens hospital. We have two concerns. First, when our son has a medical emergency, that is the only hospital he can go to in the hospital city that knows how to treat his condition. We are very concerned that the arena traffic will prevent our son from getting the care he needs. Asking familis to deal with the noise and traffic from an arena on top of Everything Else they are going through is just adding insult to injury. Ucsf leadership has been bullied into going along with this plan and in doing so they