The s p 500 has climbed all the way back from down 2. 5 to flat. A little bit of strengthening from last week in the dollar index, but weaker on the day. The 10 year yield at 69 basis points. And a little return to climbing higher for crude, but it is lower on the equity downdraft. Halfway into the trading day, lets go to scarlet fu for more details. Scarlet you mentioned the paring of losses. Futures, the s p 500 futures have almost wiped out its early decline. And we are looking at that in the cash market as well. Of what is in leading things higher, Consumer Staples are doing the best in the s p 500. Names like kellogg and campbells, a clear sign of the risk off safety trade, even as we see the Overall Index make a comeback. And the tech heavy nasdaq 100 extends its top performance, 5 shy of a record high. Last week, we saw it the s p 500 by the most in nine months. Small caps are holding up better than the big caps, thanks to health care names like bbi vaccines, working on a covid a large with market cap. With the fed as a backstop for Investment Grade debt, we are higher for a second day. Even though there is a concern about a second wave of infections, we see the increase of cases in arizona, florida, texas and a new outbreak in beijing, the u. S. Economic data shows things are improving as the economy reopens. When you look at the economic surprise index, it has made an upswing. Reports are coming in better than expected. The data today is case and point. The new York Manufacturing numbers are jumping in june. We will see how it plays out for the rest of the week with retail sales out tomorrow, housing on wednesday, and leading indicators on thursday. Vonnie it will be quite the week across all of those. Thank you, scarlet fu. Now, you coronavirus cases are going up in as many as 20 states, even as economies try to recover from the economic hold. Hospital revenue has been decimated. Surgeries were put on hold to care for covid19 patients. Us michael dowling. Ofis the president and ceo northwell health. He has been advising Governor Cuomo on reopening. Thank you for everything that northwell has done over the past few months, but it seems like we are only partway through this story. How should the Hospital System be prepared for a resurgence . Michael we hope a resurgence does not happen in a severe way, but obviously if it does we are well prepared, given the experience we have had over the past three months. We are obviously now in a situation where we are making sure that we have all the ppe, the staff prepared, the Emergency Management systems prepared. We know where to put the extra beds, if needed. So we are well prepared if and when this reoccurs over the fall. Vonnie how concerned are you about cases spiking in other states and new york City Reopening in phases, even reopening faster than the rules dictate . Michael i am concerned that certain people are not complying with the social distancing rules, many of them are not complying with the mask wearing. That concerns me. Especially if you look at what has happened in parts of new york city and elsewhere. People are going back like nothing ever happened over the past three months. That is dangerous and foolish. And it demonstrates people do not give much of a care about community health. It also is concerning what is happening around the rest of the country, especially if and w hen there is interstate travel. As people move from states that are seeing an upsurge and they moved to places like new york, over the next number of months, thats concerning. You have to be careful, watch the stats carefully, and be prepared. This is not over. We are in this for the next nine months or so, until there is a vaccine. At at least until there is a vaccine. So nobody should be thinking that just because we have survived the past three months in new york, where we had the most severe cases, that things are over. We are in a transition period. And we are trying to recover and bring businesses back that are necessary, because you do not want people not Getting Health Care services because of covid19, that is also dangerous. Lost 1. 5e system billion because of elective surgeries being put off, and rightly so, but now youre getting back to elective surgeries. Is that deficit going to be a problem . Michael it is an issue, but during a pandemic or a crisis the last thing you worry about, especially in the public arena like we are, is to worry about money. You have to do what is right for the public. Orwhen the crisis diminishes is over, then you figure out how to recover. We will recover and we will come back. It will take quite a bit of time. We are definitely a year away from it. Businesses are coming back slowly. People are still a little bit nervous. They are a little bit scared, and rightly so. Even though i want to assure everybody that if you are thinking about coming back to one of these facilities, the facilities are safe. But it takes time for people to understand this. And interpret it. So we will come back. We did take a beating financially. We have received health from help from the federal government. That is the nature of the business we are in. You take care of the public during a crisis, you work your tail off to come back as fast as you can in a reasonable, practical way. Vonnie do you anticipate the smaller hospitals around the country will have a more difficult time, and there could be a round of forced consolidation or hospital closures after this . Michael i believe there are hospitals that will close. There will be Health Care Facilities and that will probably close. And there will be facilities that will want to connect to other systems for their own security Going Forward. So, i think you will see some of this. The danger is we must be very careful to protect those that are in the underserved areas, that have been disproportionately affected by covid19, to make sure we preserve the integrity of those facilities in those communities, because if some of those places close, then the situation is only exacerbated. We have to be careful to make sure that that does not happen. And the places, many facilities in the poor communities are the ones that make up the worst here, and are the ones most likely to close. And if they do, the ones most likely to make the situations even worse in those communities. Vonnie your system has obviously seen difficult situations over the last couple decades, but how will the coronavirus and this time around have changed your system and hospital care in general when we go forward and we get past this eventually . Michael the experience has changed everything, both personally and as individuals and as organizations. Our organization is going to change. Webecome we we will will be expanding services, using technology a lot more than we ever did before. That was proven very effective during the crisis. We will have more people that work from home than ever before. So, any organization that comes out of this crisis and does not change the way it operates, and operate more effectively as a result, has lost an opportunity. In many ways, the positive outcome of this is it will force us to get better, change your attitude and the way we think. It is a new perspective. And we will focus on those things that are more important, getake sure that those who the least amount of services, that have been proven during the covid crisis, that we make sure those people Going Forward get maximum services. Vonnie michael, thank you. It has been able to close few months for you and your staff in northwell health. Thank you, michael dowling. Vonnie lets go to first word news. Mark thank you. I enjoyed his bluntness. A a number of states sought cases climb over the weekend, texas and florida reporting record numbers of new infections. Andsurgeon those states, others like arizona and north carolina, has led to concern among Public Health officials that reopening the economy has come at the cost of spreading the virus. The United States has more than 2 million confirmed infections and more than 115,000 deaths, according to data compiled by Johns Hopkins university. Singapore will ease restrictions this week. Most activities will be allowed to resume, subject to save distancing. And small gatherings of up to five people can take place. It is the second phase of the easirys threephase ng. The cases have dropped there. Infection rates remain stable. The naacp is leading the rally in atlanta following the Police Killing of a black man on friday night. Oks wasold rayshard bro shot in the back after a struggle with officers caught on body camera video. The officer who shot him has been fired. The Atlanta Police chief resigned hours after the shooting. The Supreme Court has dealt a blow to the administrations immigration policies. It let this ensure a lot in california standard that restricts local police from helping federal authority deport people who are in the country illegally. The administration argued the measure undermines deportation efforts, violating federal Immigration Law and the constitution. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie this is bloomberg markets. The s p 500 back into the green after an overnight session that saw losses up to 3 . Here is abigail doolittle. Abigail pretty typical to what we have seen recently with increased volatility. We certainly had a risk off tone. Overnight, the s p 500 futures down more than 3 , now the index up to tens of 1 . Oil down more than 5 at its lowest. Risk assets being sold. It i would suspect that probably has to do with the dollar. You can see the dollar index is now down 1 10 of 1 . At the heights it had been up. 5 . That is a driver for risk assets, certainly as it is seen as a haven asset. 10 year yield at this point is a still lower. There is a little bit of a haven but but overall bid, overall there is a shift. At the open, all sectors had been down on the s p by more than 1 . Now we have the cyclical sectors back in charge and up top, the industrials come utility sneaking in. The financials are on the bottom, health care and consumer discretionary, energy, it is really a risk on sector theme. It is a big shift. And so much volatility for the airlines, down more than 60 , up 100 . And over the last year, the s p 500 Airline Index actually doing better than the s p 500 itself. Who knew . That is interesting. Vonnie abigail, thank you for that. And speaking of airlines, the isustry across the globe looking at a recovery. We spoke with the easyjet ceo about european orders reopening. Andhis week, we are having operating about 310 flights. That is across 22 airports in europe commit eight pieces in the u. K. Bases in the u. K. In july come as an example, we expect to be covering about 50 of the network. In august come up to 75 . In august, up to 75 . So we will have a majority of the network by them being covered. But bear in mind, in terms of capacity it was still only be about 30 of what we had originally planned. That is interesting. Where do you see pricing going here . Do you expect the overall dynamic will be one of price war or price discipline . I think you will see in the initial phase there will be attractive fares, but we do see there is a good demand on new bookings, particularly outside of the u. K. I think the demand is dampened by the u. K. Government and rules they put in place. But hopefully, as that is andaced, demand will go up pricing levels it should be relatively normal. One should bear in mind the capacity and supply is clearly far less than you would expect as well. So that will clearly play a part when it comes to the level of the prices. What does that mean in terms of how fact the flights will be . I am no hypochondriac, but i do not feel like sitting directly next to somebody on an airplane. Are you going to make prices low enough i can purchase two andets, or will i buy one count on an open middle seat . We have good factors on the first couple weeks of flying, from today and the remainder of june. Elementsactors are that will be a result of demand that we see. But of course, the load factors will not reach normal levels we but it is peak times, also the case that that will progress and increase as we go through the summer. To be clear, are all the Seats Available for sale at the moment, or have you blocked any out for distancing purposes . No, all of the seats are available for sale. There is no social distancing recommended from the authorities in the u. K. It regulators in the jurisdiction and the regulators in the jurisdictions we are operating. We will not serve food on board. And you are required to wear a face mask. We also do a deep disinfection of the aircraft every 24 hours, and we will provide additional protection. Ose are the measures that have been recommended by authorities. We hear from michael oleary, for example, that he is willing to slash prices to get people flying. I think he is willing to do that to take market share. Does that mean you will not be playing that game, if there is going to be any price competition so you will stay out of it . We are sad that as we start flying we will focus on making flying available that will make a profitable contribution, and a positive contribution to the company as a result. That is on the basis where planning the program. The pricing in this industry is very dynamic, even in normal times. So you will see very attractive fares. But you will also see that that is dynamic and they will also go up. It will go up with supply level, which i will say again is significantly lower than what was originally put in place. So the prices do not look dramatically different. But it is also true to say that in the initial phases there are attractive fares. Vonnie that was the easyjet ceo. To declare come he is operating in europe and the u. K. Only. Still ahead, we will talk about coronavirus cases and lessons for the u. S. Health care system with a professor of nursing at Johns Hopkins university. That is next. This is bloomberg. Vonnie coronavirus cases continue to climb in the u. S. And china, threatening efforts to relax resurgence. Now more on preparedness with tener goodwin veenema, professor of nursing at Johns Hopkins. Thank you for joining us. At the beginning, everybody was hit hard and nobody knew what to do. What lessons have you learned, particularly in the nursing community, for next time around, to what you might need for example . Tener certainly. Thank you for asking. Our analysis has revealed important early lessons from the covid19 outbreak, as it relates to National Nursing preparedness. Theirsically nurses and overall capacity to respond and to keep themselves and their patients safe. We have seen evidence from nurses in the field that they lacked access to personal protective equipment, that they had or did not possess adequate knowledge and skills related to the many different aspects of pandemic response, roles and responsibilities. We also saw a lack of decision rights in terms of their ability to impact workflow, nurse staffing, and an overall disconnect between frontline nurses and the executives and hospital administrators. This really had an impact on the capacity to care for patients, being redeployed within hospitals, and of course allocation of scarce resources. Vonnie which would be the right agencies to put out may be a handbook or develop standards for when this will come around again . Tener i think that there are multiple agencies, actually, that play a role both inside and outside the federal government. Certainly, we turn to the cdc for guidance as the Gold Standard for guidance in recommendations for Public Health preparedness. Asper has a role to play. And professional nursing organizations themselves, and schools of nursing. I think it will require a collective effort to address those gaps in preparedness and really address the needs for nursing workforce development. Vonnie thank you for joining us today. Please keep us updated on all of those efforts, because this is not going away. In fact, it has not even started to die down yet. That was tener goodwin veenema, professor of nursing at Johns Hopkins. That school is supported by the founder of bloomberg lp, the Parent Company of this network. Here is a look at the markets. We came right back up to flat, and we are now positive on the s p 500. Down 40 points on the dow. This is bloomberg. [ sigh ] not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Ask about saving up to 1500 on your installation. Nie amanda from toronto, welcome to bloomberg markets. Here are the top stories we are following from around the world. Stocks climb out of the red. The s p 500 down 2 at session lows is now flat as market volatility continues. U. K. Prime minister Boris Johnson says the chances of Great Britain reaching a trade deal with the European Union are good, and he says there is no reason it should not be signed in july. Hurts down 20 , the Car Rental Company warning inv