Operations as the pandemic wreaks havoc on its business model. Good morning, this is bloomberg surveillance. I am Francine Lacqua in london. Lets get to the headlines. Expectations of a 6 slump in the Global Economy, but a caveat hang if there is a second wave, which some economists are expecting, it would be a 7. 6 slump. The oecd is explaining what will happen if the economies stay open and there is a second wave and second lockdown. In theetween 6 slump Global Economy and 7. 6 if there is a second wave. The markets are focusing on the rally in a couple days ago. It is about the fed and what they will do today. Investors are waiting for the decision on monetary policy. Treasuries edging lower and crude oil retreating. Lets get to the first word news in london with any murder. Dani the World Health Organization is walking back its comment on the asymptomatic spread of coronavirus, a day it was very rare, it says it is unclear. The head of the unit says previous projections were a misu
And even bigger move at the front end of the italian, and the euro as well bouncing. Up by another 1 . Basically is really intensifying its response to the covid19 crisis and the Economic Impact that it is having on the global economy. Christine lagarde delivering that 600 billion and extending the benefits put forward by the governing council over the last few weeks, making them last a little bit longer. Lets listen to what she has to say. We judged that it was necessary to increase the price and i can assure you that there view and theus governing council that action had to be taken. In the face of that inflation outlook, and given our mandated price ability, action had to be taken. How big a day was it for europe . That ecb decision and Angela Merkel, bob diamond, Capital Funding partner and ceo, joining us now. What do you make of what Christine Lagarde has done, what do you make of what Angela Merkel has done . How big of an impact will it have on the european economy . Fromch a s
[bell] street asmmet on all investors panic about the pandemics devastating economic impact. The pandemic is putting millions out of work, as shops and restaurant close around the world. Stocks plummet on wall street. Hello. Countries across the world are wrapping up the response to the coronavirus epidemic. The french president has cleared were on the up break and is borders from 11 gmt on tuesday. The eu as a whole is considering banning all but essential travel. The British Government which has been under pressure to toughen its approach is asking britains to avoid nonessential travel and pubs, clubs and theaters. This President Donald Trump has issued similar advice and urging no social gatherings higher than 10 people. This comes as the head of the World Health Organization implores governments to test far more people with suspected cases of covid19. The mounting concerned that the pandemic will cause a global recession. Another toward day on the market. Stock markets plunged arou
And shut their borders despite its tough measures italys death toll has jumped by another 349 in the last day to more than 2000. Service into a hole with its really cool use for the european football championships to be postponed at the International Olympic committee is holding talks about tokyo 2020. Below the World Health Organization has urged countries to step up their response to the coronavirus as the global death toll passes 6 and a half 1000 and the head of the World Health Organization is imploring governments to test far more people with suspected cases of covert 19 i mean to you is considering banning all but essential foreign travels with a block for 30 days despite brechts that this will not include the u. K. Or the British Government which has been under pressure to toughen its approach is now asking britons to avoid nonessential travel and in the last half hour canada has issued the same advice to its residents there are mounting concerns the pandemic will cause a globa
On wall street as investors think about the pandemics of devastating economic impact. And the pandemic is putting millions out of work the shops and restaurants close around the world. The as. Countries across the world are ramping up their response to the coronavirus epic pandemic the french president in one year michael has declared war on the outbreak and is closing frances borders from 11 g. M. T. On tuesday the e. U. Bloc as a whole is considering banning all but essential foreign travel to the schengen zone the British Government which has been under pressure to toughen its approach is now asking britons to avoid nonessential travel and pubs clubs and theaters u. S. President donald trump has issued similar advice and is urging but no social gatherings higher than 10 people when it comes as the head of the World Health Organization implored governments to test far more people with suspected cases of covert 19 around to concerns that the pandemic will cause a global recession its