Are signs the u. S. Outbreak is beginning to level off. Global stocks climb as the daily death toll declines in some epicenters. The virus takes its toll on the u. K. Forest johnson was taken to hospital for tests after 10 days of suffering with the coronavirus. The queen makes a rare address to comfort the public. The worldsk to biggest food company. Our interview with the nestle ceo and around 10 minutes time. Welcome to bloomberg surveillance. Im nejra cehic in london. We are seeing optimism. The stoxx 600 showing green on the screen. U. S. Futures, all higher by at least 4 . The 10 year yield had its lowest weekly close ever last week. Bank of america says we are poised to retest the record low with the 10 year yield moving higher, above a 60 handle in todays session. The dollar, giving up some gains, but it was on a fourday gain. The exception of the yen. Recovering after the weakness in the Asian Session and oil, weaker as we look ahead to this potential meeting on thursday betwe
Color to, it is that the new york police department, the acclaimed nypd, has five deaths within the organization, not just police officers, but their staff as well. Really bringing home the seriousness of this in new york we are in the interregnum, francine, up to jobs day. Of wednesday,rts thursday, and friday will be extraordinary. Francine . Francine i have to say, we are going to spend a lot of time talking about those pmi numbers in china. They are nowhere near normal, but they are much better than they were a month ago. Lets get to first word news in new york city with viviana hurtado. Viviana we begin with the white house, and Congressional Democrats are preparing for a fourth economic stimulus. The proposals include aid for the travel industry and the Mortgage Markets. Says states and local governments will need more help. Over to japan, where the party the ruling party proposed the guest ever stimulus package, valued at 554 billion. A third would be at private initiatives and
So no, we are not at the reversal rate, and we are certainly not at the lower bound rate. If in the future it is necessary for the purpose of dealing with the risks at the time to address that, we will do so. Point, i think ive dealt extensively with these issue limits. All i have to say at the moment is that we will use all excess abilities in the framework of our Asset Purchase Program. There in mind, by the way bear in mind, by the way, to this person on the line, that we are likely to see increased debt issuance on the part of a few countries, if only to deal with the fiscal resources, but they will have to mobilize in order to put in place the Health Care System that will be needed to respond to the spreading of the disease. That is also a factor to have in mind. Let me ask you a question about the timing of your decisions. When did you realize that this situation is getting out of control and you need to come up why did youge, and not act directly after the first g7 call . Where
Nonresident entry. D. C. Ndc takes action and d. C. Takes action, fiscal support over the virus source to 1. 9 trillion. The fed steps in to support money market mutual funds. This is bloomberg surveillance. Im taylor riggs, stepping in for tom keene in new york. Francine lacqua joining us from london shortly. We want to bring you the breaking as well. In the meantime, an update on the bloomberg we will get the mark out of there for german business confidence, coming in at about 87. 7. You are seeing continued relief here into the ecb. Translating over to a gain for some of the european stocks. In the meantime, i want to get a check on the bloomberg first word news with viviana hurtado. Viviana we begin with the Senate Passing the major the second major Coronavirus Relief bill, President Trump signing it provides paid sick leave and financial help for testing. Lawmakers are rushing to come up with phase three. That is a comprehensive rescue plan that tops 1. 3 trillion dollars that tay
I am Francine Lacqua in london. These are your markets, doing a little bit great after the week we had last week. The ftse gaining some 2. 2 . A risk on bit more of move. I would caution everyone that these are on thoughts that the central bank would step in, and it is not because of threats that the coronavirus is getting any better. Lets get to the bloomberg first word news in new york city. Number of deaths of coronavirus around the world is over 3000. New york city has reported its quarantined to her manhattan apartment after contracting the virus and iran. Whennor cuomo says it was not if the virus made its way to new york. Aking a hit in february after spread of the coronavirus. Pmi plunged to a record low of 40. 3. The official reading also reached a record low of 35. 7. Chinas economy is gradually returning to work. 70 of at 60 to capacity last week up from about 50 two weeks ago. In the u. S. , former Vice President joe biden has won the South Carolina primary. It puts him clo