This is bloomberg surveillance. I am Francine Lacqua in london. Markets, thet the volatility swings we saw is moving to currencies. European stocks have been fluctuating, they are flat right now. They were higher a couple minutes ago. Oil is higher today after china unveiled plans to boost its reserves. If you look at brent, they were 12 higher, now they are 9 higher. Treasuries slipping along with the dollar. Lets get to the bloomberg first word news. China says it acted in an open and transparent manner when it comes to the coronavirus, after u. S. Intelligence reports said beijing concealed the extent of the outbreak. Two sources say chinese numbers were fake, that includes underreporting total cases and deaths. The pentagon is looking to provide as many as 100,000 military body bags for potential civilian use, as the u. S. Warns deaths could soar in the coming weeks. To a dealon is close with a contractor. It will send it to fema. Now to eu nations, they are setting out competing v
The hearing will come to order. Last congress this Committee Held two hearings examining the currency ecosystem. Those hearings we heard about some of the developments that have occurred and tha and and tr ijokerin the marketplace since e creation in 2008. The potential benefits of the Digital Currencies and the concerns about the value of stability, quality and illicit uses market manipulation and privacy. Since then facebook announced its intentions to launch the system into Digital Currency that will be governed by the association comprised of up to 100 financial and nonfinancial members including facebook digital wallet service. Facebook project generated renewed interest in Digital Currency and watching generally including how they interact with u. S. And International Regulatory potential benefits and challenges and concerns around issues like antiMoney Laundering in counterterrorism efforts including data privacy, Consumer Protections, commerce and Monetary Policy. David marcus
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