Coronavirus lockdowns but the head of the w. H. O. Urges caution. Without National Unity and Global Solidarity. Class does. The worst use it to focus. For the 1st time ever u. S. Oil prices have crashed into negative territory after the markets benchmark fell more than 100 percent in a day producers are now paying stockpile is to take barrels off their hands as the man dries up due to the coronavirus pandemic and storage runs low this says many European Countries are actually starting to ease lockdown restrictions with some shock shutters lifting across germany that mark and the Czech Republic theres also positive news coming out of it for the 1st time the number of people currently reported to be infected with corona virus has fallen from yesterday by 20 however the World Health Organization has cautioned that easing lockdowns does not mean the pandemic is over its warned that without countries working together the worst is yet to come but lets start with those historical losses on th
Over brexit. Australia, brazil and new zealand are asking for trade compensation from the uk and the eu over brexit disruption. Plus running rings around the competition. Well be taking a look at the essential sport item that managed to become an every day fashion must have. From your phone to a postbox, well find out why Old Fashioned postcards still seem to have a future in the digital age and why that could be good for our Mental Health. And a new Study Suggests those long meetings at work are more about therapy than solutions, so we want to know, do you think meetings are meaningless or play an important part of work life . Let us know, just use the hashtag bbcworklife. Hello and welcome to worklife. A warm welcome to our new business show, and we start today in sydney, where we could be seeing the dawn of a new era of ultra long haul commercial flights. I think we can cross straight to luuka jones, if he is still awake you have been awake Something Like i9 you have been awake Some
Against stefanos tsitsipas. Coming up on afternoon live but has fought back to take their final group match to a decider. All the sport with ollie foster. He lost the first set on a tie break but the spaniard took the second 6 4. It is hotting up at the tennis tour tsitsipas is already sure families in london. Rafa nadal, will of a place in the semis. Finish the year one, is on court now. The semifinals are at stake. We these are live pictures from the o2, will have the very latest. We will have the very latest. Its over on bbc two thanks ollie, and nick miller has at the moment. Whoever wins the group all the weather more rain due . Will face roger federer. Even if nadal wins, hell then need Daniil Medvedev to beat it is much drier when yesterday were the defending champion so it is much drier when yesterday were so very wet. The flooding is still Alexander Zverev tonight. You can see that her rafael nadal is getting worse in places. There is certain, he was 3 2 down in at the some mo
Than expected. That means we have a bit of a risk off move. We had moves from the central bank of new zealand, and overall, new zealand stocks are gaining. There is quite a lot of movement when it comes to commodities and we will have a full roundup of centralbank action and its impact on stocks and commodities. Coming up, we speak to the commerzbank chief Financial Officer. Dont miss that interview live later on bloomberg surveillance. Lets get straight to bloomberg first word news in new york city. Chinas currency policy is staying at the forefront of the trade war. Referenceet todays rate at marginally stronger than seven a dollar. Avowing to keep the Exchange Rate is vowing to keep the Exchange Rate study. Westminster and brussels blame the other for the diplomatic breakdown. Michael gove is in charge of planning for a no deal and says the eu is not bracing for a new agreement. The Prime Minister has made it clear he will not sign a deal that includes the irish backstop from a red
And their currency is under siege. Our problem is a Federal Reserve too proud to admit their mistake of acting too fast and tightening too much and that i was right. They must cut rates bigger and faster and stop the ridiculous quantitative tightening now. Which gets us to the markets this morning, jim. We have been talking about negative rates, they only continued to worsen. It is a strange phenomenon to be sure but it is also a worrisome cycle people believe because you have negative rates that auger for weaker Economic Growth or a lack of growth you have what are it becomes selfreinforcing you have the global coordinated monetary easing going on right now. And you have the first time people talk you about the possibility of rates here falling dramatically from where they are now have you ever seen a ten year whipsawed as much in yield in the half hour period as we did this morning almost as if someone wants to get ahead of even lower yields there is a big short position in bonds. Th