Restrictions but many businesses and states are seeking additional financial assistance. 8 30 a. M. Eastern treasury secretary Steven Mnuchin will join me live on how to help recover from the pandemic. Retail continues to struggles. J. Crew to file for bankruptcy this morning. We are expecting that. Take a look at futures, indicating a decline 266 points and nasdaq lower by 73 on top of selloff on friday which led the u. S. Markets in the red for the week, take a look, mornings with maria is live right now. Tensions between the United States and china are growing. Dax index in germany down 368 points right now. Sharp decline there. Manufacturing and construction starting back up in italy today. Shops set to reopen in ten days followed by bars and restaurants in june, in italy. In asia overnight losses in hong kong and south korea. Hong kongs gdp for the First Quarter decreasing, much steeper fall than expected. Hong kong down better than 4 . Markets in china closed for holiday as well
Opec and allies extend curbs on oil production. Eu leaders make a striking selection to lead the ecb. Its breathtaking. It has the benefit of surprise. Viviana july is here. The fomc has signaled rate cuts may be coming. Clevelands fed president shares exclusive insights on the policy outlook. I think the fed funds rate is about at neutral right now. Viviana plus, expert perspective on what is ahead for the global economy. I think the market is getting a little bit greedy in terms of rate cuts. If these escalate, there will be a global recession. Viviana it is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. The week began on a note of optimism after president s trump and xi met at the g20 summit and agreed to restart trade talks. Francine the u. S. And china have agreed to a tr
Senate working overtime on up to 2 trillion package ahead of mondays deadline for a final vote, florida senator marco rubio takes us up and we will break down the stimulus bill in u. S. History. Also today President Trump emergency war power to help, white house creating manufacturing advisor Peter Navarro is here to the response of coronavirus and impact on the economy. Also he has been studying the pandemic from a white house chief strategist steve bannon how the coronavirus is impacting the country and hospitals. Are they on the verge of breakdown . Plus hope for the future, innovation and science in america, the ceo of Johnson Johnson is here to discuss the vaccine and antiviral treatments of coronavirus. All that ahead. Maria now the latest on coronavirus today, there has been over 26000 cases in the u. S. More than 340 people are now dead. More than 311,000 cases and 13000 deaths worldwide. The state department has raised a Global Travel advisory to a level four, that is the agen
President trump unloading on live tv, negotiating with congressional leaders and taking both sides by adopting a surprise new stand on gun control. Only to revote on twitter today. You cant buy one, you have to wait until youre 21, but you can buy the kind of weapon used in the School Shooting at 18. I was just curious as to what you did in your bill. We didnt address it, mr. President. Know why . Because youre afraid of the nra. If you could add what you have also, and i think you can, into the bill, can you do that . And invincible. A warning from Vladimir Putin today claiming he has a new arsenal of Nuclear Capable weapons which he says could render u. S. Defense systems useless. If you have a Cruise Missile that can fly low and fast, it cannot be hit by our Missile Defense systems in our coastal cities, boston, new york, washington are definitely at risk. Good day. Im Andrea Mitchell in washington. With the white house reality show hitting a whole new level. A trusted aide on the w
The United States has an 800 billion yearly trade deficit because of our very stupid trade deals and policies. Our jobs and wealth are being given to other countries that have taken advantage of us for years. They laugh at what fools our leaders have been. No more. John roberts live with the story. John, always so hard to tell where he is on issues. He keeps his emotions close to the vest. No, not really. You know, he has a penchant for, as you might say, if youve been shark fishing, chumming the waters, throwing something out there to let people chew over it, discuss it, see what becomes of it. At the moment, the new tariffs against aluminum and steel scheduled to go into effect later this week or maybe the beginning of next week. The president still on track, tweeting this morning, quote, to protect our country we must protect American Steel, america first. The president at the same time suggesting there could be relief in store for canada and or mexico if they renegotiate nafta. The