Payments to lower income households. Aid to households households with children. One year tax referral. Cuts, money handouts for businesses and households it seems like officials in tokyo are stepping up to try to support the economy as they look to implement an emergency lockdown as early as tomorrow. That is likely when it will be announced. It will be starting on april 8. We will continue to digest the details from that package. They did see a thousand cases in japan and we are waiting for more announcements from shinzo abe, planning to declare a state of emergency. We are still seeing equities heading higher. U. S. Futures falling. The press briefing from President Trump, perhaps there is light at the end of the tunnel. They are seeing some signs of stabilization when it comes to new infections. Europe is also seeing a peak in cases. Asia, we are up about 1 . It is still very much the oil story. Doubts about what a deal could look like, is the u. S. Going to be involved, is it conditional . Wti down toto 26 26. Jakarta coming online. It is a holiday shortened week for china, india, and thailand, and macau. About 1. 5 . Ng gains the hang seng up by 171 point. Yields, selloff in the face of this risk on. Watch currencies as well. The pound has been in focus given the likes of the Prime MinisterBoris Johnson being admitted to the hospital. He is seeing persistent symptoms from covid19. We are seeing the japanese yen pretty much selling off. Your offshore womermb. Lets take a look at the surge in coronavirus cases in japan over the weekend. They will declare a National State of emergency. Prime minister abe may announce the move as early as tuesday. Lets get to stephen engle. We just got news of this fiscal stimulus. What could this mean for japan . We are getting a second news outlet in japan saying the Emergency Declaration will be andared tomorrow, april 7, would be enacted the following day on wednesday. Ofp in mind, this is more giving power to the municipal governments to request, urge people to stay at home. There is no legal power to enforce requests to stay home due to Civil Liberties under japanese law. It gives a lot more teeth to the efforts like the governor of tokyo, who has urged people to stay at home. The tone has shifted after the olympics were postponed by year. Japanese officials are looking at the numbers and sing 143 seeing 143 new cases in tokyo. The city has more than a thousand cases. No doubt, the government is taking seriously the amount of stimulus that is needed. This big package, this new package totaling 550 billion u. S. Dollars, on top of the 235 billion u. S. Dollars the government announced in december to take the issues that were stemming from the Fourth Quarter slowdown into effect. Now with the coronavirus, they need more stimulus. If there are requested tokyowns and places like requested lockdowns in places like tokyo, this is the 11th biggest economy in the world. Singaporekong and were being held up as poster children on how to contain this virus. Now we are seeing the numbers flareup again. There have been important cases, the number of various restrictions in singapore imposed, including the Prime Minister announcing they will be shutting down all nonessential businesses as of tomorrow. Schools will be closed. 195apore got an additional confirmed cases over the weekend. Singapore is not that large. Sinces an 18 increase friday. New clusters have emerged, including in two dormitories of migrant workers. Prime minister is expected to speak in Parliament Today at 2 00 to perhaps unveil a third stimulus package. Hong kong, we might getting even stricter restrictions sometime soon. The top advisor to carrie lam, he says a strict lockdown, including an order for people to stay home, would be possible in this third wave of suspected infections. Yvonne over to europe now, we heard Boris Johnson was admitted to the hospital. Is this a sign in terms of europe, the u. K. Is remaining in the spotlight now . The u. K. Is in dire situation. 4934 deaths. That is a remarkable percentage of the number of cases and deaths. Boris johnson being admitted to hospital. He is still in charge of the government. Would be theretary next in line if mr. Johnson would be incapacitated. Europe, there is some encouraging signs coming out of europe. It is staggering, the effect the virus has on these countries. Sunday. 25 new deaths on it sounds a lot and it is terrible but it is the lowest number in two weeks. Same situation in spain and france. Fewer deaths for the last few days. Fewest amount of deaths since last tuesday. The outbreak maybe cresting. Maybe to soon to say that but the data is that suggesting is suggesting that it might be down in the near future. New york state, fatalities also fell for the first time and donald trump has said the u. S. Outbreak is beginning to level off. Trentom lets hope that continues. That lets hope that trend continues. Trump isresident sounding a more upbeat note on the coronavirus. He is saying he is seeing infection start to level off. Mike pence agrees, saying the administration is beginning to see a clamor of progress. A glimmer of progress. New york state reported a lower number of deaths on sunday. New york, the first time the deaths were less from the previous day. Navy that is a good sign. Maybe that is a good sign. The World Health Organization says face masks may be protection against the coronavirus. Executive director told the Daily Briefing that wearing a mask in public may not prevent catching covid19. Ns Hopkins University exports ofanned all the malaria drug touted by president drug as a cure for covid19. The government says shipments of hydroxychloroquine are prohibited. It as a gamecribed changer, although medical experts are not certain. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. I am Karina Mitchell. Ahead, green david young joins us from hong kong with more on the outlook. Nternet property and baby gear this is bloomberg. Yvonne looking past the economic pain evident in fridays u. S. Payroll. Lets look ahead at the new trading week with andrew sullivan. He joins us on the line from hong kong. It seems like we are dealing with less bad news these days. Would you think this is a turning point for markets . Andrew if you missed the first bottom, there is usually another opportunity. Investors should remain cautious. Ok. Ne in terms of the unprecedented amount of fiscal and monetary easing we have seen, is there a sense we could be saying a massive rally in the second half . Are there stocks that have become so cheap for longerterm investors, they stand to make potential profits . Substantial profits . Andrew they will be cautiously looking at buying those. Certainly the ones with the strong Balance Sheets and good lines of credit. A lot of them are looking at infrastructure. Some of the materials like iron ore are likely to do better. We have seen some of the futures lifting stronger. I think there will be a lot of opportunity in the second half. Tom is there anything you have seen in terms of the economic support measures from officials in tokyo that would entice you into that market . Tokyo is in a difficult situation. It is likely that they will declare a state of emergency. The problem with japanese stocks is the amount of shut down. They are going to cut production and shut a number of factories. That is a concern for investors. This is probably going to mean this small recovery is put on the back foot again. Meanslay of the olympics 2021, you will start seeing people take a more active position and some of those tourism stocks. Wise, we have the increased work at home and japan. In japan. There will be increased spending. Market, it is more than stock picking rather going back into markets on a general basis. Tom lets get to some of your stock picks. Tencent alibaba, some of the tech stocks that you like. 100 hong kongll dollars off of its highs. Peopleis making a lot of money using those platforms. Onlinenline services and facilities, the work at home, food ordering, or education. Other ones, lenovo looking at upgrading computers. Yvonne when it comes to names in hong kong, you are staying broadly when it comes to airline stocks, travel groups. When it comes to hotels, you are seeing a little bit of a differentiation. What else are you looking at . The hotel groups , once them wise over. Restrictions are another one that is a little bit of an outlier, they are expecting a baby boom because of all of these people staying at home. Tom andrew sullivan, thank you very much. Looking at a baby boom toward the end of the month. Also favors tencent and alibaba. Talks, fresh debates emerge. We will look at what is behind oils renewed slump. This is bloomberg. We think it is highly unlikely but we are planning for the worst case. Opec and its independent allies have delayed talks on the oil price. Fresh divisions emerged. Saudi arabia and russia indicated they want the u. S. To join any agreement on curbing production. But President Trump had harsh words over the weekend. Again. On againoff a little optimism but now little more negative on the story. At least they are talking about talks. That is a good way of putting it. The optimism was really strong at the end of last week. You saw oil prices surge. We are back down today. Saudi arabia and russia were trading barbs over who started this. Donald trump said he does not care for the cartel and threatened tariffs. They are still planning on meeting later this week. There is still a chance countries like iraq and norway say there is a chance for making a deal. We will have to sit tight this week. The market will wait for some clarity. Deal whatwould would a deal look like . With the u. S. Have to be involved . Saudi arabia and russia are very concerned about cutting production and letting the u. S. Ramp up output again, which is what has been happening for the last three or four years. They want the u. S. To be involved. It is difficult to understand how the u. S. Would agree. They do not have control over the oil industry the way that russia and saudi arabia do. Texas does have some control they can use to prorate production. It is not enough to offset the demand destruction from the virus but enough to slow down the build so they do not have overflowing tanks. Our energy reporter. Companies around the world are being encouraged to switch strategy to fight the virus. Airbus has delivered to the european union. Airbus said most of the masks will be donated to france, spain, germany, and the u. K. Airbus has made three such flights. Airlines have been hardest hit by the virus is demand for tickets plummets. Many have ground their fleets and united is slashing services to airports who serve new york. Lagarde it will see just two flights compared to the normal 80. Emirates is said to be seeking urgent loans after the virus force the grounding of its fleet. It is speaking to local and international banks. Last week, the government in emirates,d to support saying it was it would be given unspecified help. Take a look at markets right now. We are still seeing a little bit about risk on. U. S. Futures, we are punching higher by 3 . Given the less bad news from the u. S. New zealand is the exception. Australia, japan seeing gains north of 2 . Japan, we just learned, we are expecting some big fiscal stimulus on its way and we are waiting for that decision from Prime Minister abe to declare a state of emergency. He could be doing at as early as tuesday. Taking a look at currencies, pretty stable. We do see the dollar on the stronger side. Money coming out of the japanese yen, we continue to extend those down 6 . R wti, futures around 33 holding at the moment. That opec meeting is delayed until thursday. There is still a lot of uncertainty about what kind of deal we could be seeing. Were are counting down to more markets, coming up. This is bloomberg. Theres no place like home. Especially when xfinity has you covered with fast, reliable internet. With advanced security to help keep you secure online. And with the most tv shows, movies and streaming apps all in one place. With simple Digital Tools you can get the help you need or even trouble shoot your services on your own. Download the xfinity my account app or just say help into your xfinity voice remote. We are working to make things a little easier on everyone. Download the xfinity my account app today. Yvonne 10 29 p. M. In new york. Reports from japan say the government made it clear a state of National Emergency as virus cases jump. And a documenting by bloomberg outlines the new stimulus, including tax concessions and higher subsidies for businesses. Households suffering income ses, with around 200 and around 1200 for each. Thetries worst hit by coronavirus have reported death rates falling, with italy saying the worst may be over. Latest figures suggest tight restrictions on movement are having a positive effect. Between italy and spain, they have the most infections in europe. The Public Health institute in rome says they are seeing a significant slowdown of the spread. The u. K. Government is threatening even tighter virus restrictions among signs people are ignoring the rules. Fine weather over the weekend sent thousands to local parks despite police warnings. The Health Secretary says the government will not hesitate to ban all Outdoor Activity if people continue to flout the rules. And at the irish Prime Minister is doing his bid for the coronavirus spike, temporarily returning his first job as a doctor. He left the medical profession seven years ago, but has reregistered and will work one day a week assessing patients by phone if they think they have been exposed to the virus. Ireland reported 21 new debts on sunday, and now has almost 5000 infections. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Karina Mitchell. This is bloomberg. Yvonne . Thank you. Ina, taking a look at markets here. We mentioned the dollar story playing out as the big theme. E. M. Currency seeing quite a hit, if you look at the likes of the south korean won. We are inching to the record highs for the dollar against the rand. The rupiah still on the weak side, the ringgit as well. Somes a big focus on why of these em currencies are perhaps being a bit of a selling point today. Take a look at the rest of the markets. We are looking at u. S. Futures, which continue to see a slight off, but still north of 3 . Wti is the big focus here today, but you see the nikkei getting close to that lunch break. We are still higher by 2. 5 on news of some type of stimulus, and will wait for more signs of the declaration of an emergency in japan. Local reports say we could be seen that in the next coming days. The dollar fund stress seems to be going away, much of the currency going back to normal. But it does not really say that dollar could start to lose steam. Perhaps things are looking a little better. We do see that haven when it comes to dollar today, at least for the monday session. Lets take a look at hong kong. The retail, food and Beverage Industries are the hardest hit by coronavirus as the city bans gatherings of more than four people. It is a hit to the sector. David, always great to have you. The financial secretary of hong kong wrote on a blog over the weekend that it will take about six months to reverse the Economic Impact from this coronavirus pandemic. Can businesses like you survive in the next six months . Guest wow. I mean, i think many may not survive six weeks, to be honest. This is unprecedented difficult times. As we know, this obviously started more than two months ago. We are seeing a lot of empty stores, not just restaurants, but any type of retail. We saw a drop in at retail value of around 44 . It is going to be extremely difficult. It is severely affected by the latest relations. Yvonne how will hong kong look look when all is said and done . Will there be changes . Andt people from a health food standpoint, people will be a lot more conscious. People are already becoming more conscious about food and about lifestyle, about wellness. I think for sustainability, it will be a big topic across the holistic lifestyle. And also a broader spectrum of the economy. People will examine businesses and people in general, and also governments will examine what are the loopholes, what are the potential risks . Where are the vulnerable spots . In terms of what we do, we have been saying about the risk of our animal or meat heavy supply chain for a long time. It clearly has a negative impact on climate change, on food security. A lot of people now realize that many of these diseases coronavirus is not the first one. There have been so many examples of diseases transmitted from animals to human beings. Type ofe that consciousness rising dramatically. Tom i know you have eight stores and cafes in the city. What states have you had to take to mitigate the impact . Have you had to shut any stores . Are you having to cut headcounts . Are you extracting any counts . Finally the of all, last month or two, there are some landlords who have been rejecting the idea of any type of reduction. Still not all of them, and i am still very disappointed in that. We happen to have. A very diversified model o we happen have a very diversified model. We have the restaurant side, which is hit hard like most of the dining services, not just in the city, but around the world. But we have our grocery side of business, not just in our stores, but also distribution to the supermarkets and grocery channels. Obviously people are staying home, working from home, and the demand for groceries have gone much higher. And online shopping, we have doubled actually, our online sales have more than doubled compared to before and after the virus outbreak. Again, same rationale, which is people are clearly staying home. We are a little bit more fortunate in the sense that we set out to be a more diversified approach in our business, but there is no doubt it is affected. Restaurants may not be able to survive this unprecedented crisis. Tom what does the roadmap to recovery look like for the fnb bu