Now, one third of the economy is back under partial lot. Six more regions in italy saw curves tighten. Florida is bracing for a second hit from at a bank. It now has top sustained winds of 75 miles per hour. The storm has been in the gulf of mexico. Forecasters say the western part of the state could see up to four inches of rain today as well as flash flooding. Global news 24 hours a day on air and on quicktake by bloomberg. Powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Im vonnie quinn welcome to bloomberg markets. Today inuturn rotation trait. Stocks climbing as big tech rallies. Fromt perspective later on a guest from oppenheimer. I will be speaking exclusively with the ceo, chairman, and cofounder of marathon asset management. Marketsest case for the as coronavirus crashes through europe and the United States. As joe biden ones of a dark winter, Companies Like carnival and American Airlines are racing to raise mo
Are been institute, this runs an hour. After recordbreaking declines in Economic Activity in the Second Quarter 1 45,020 we are going to be 25 vote in the Second Quarter. For people who are still struggling to climb out of. What is written about the cake shaped recovery, workers at the low Income Distribution who dont have option to work from home and for whom federal help is already taken away. As we see with fewer workers buying lattes, any service that depends on a smile, what does that mean for revenue . One estimate suggests in high rent districts, employment is at 45 so we have my colleagues and i, for cities and looking at how it depends on revenue structure and exposure to covid19, federal and state policy response. If i could get the next slide please. There we go. The point is going into this there are a lot of things we knew about city economies and finances and it has been upended by covid19. A Success Story and many of those jobs are under threat. Cities that successfully
Funding expires. Bills on energy and clean air and forced labor. Announced Ruth Bader Ginsburg will lie in state in statuary hall at u. S. Capitol friday. The ceremony will only be open [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u. S. House of representatives. ] the speaker the house will be in order. The prayer will be offered by conroy. Plain, father chaplain conroy let us pray. Ord, merciful god, we give you thanks for giving us another day. E give you thanks for the life and work of justice ruth ginsburg. Americans be inspired to be their best selves because of her example. She rest in peace. Bless those throughout our ation who are suffering from the pandemic, fires, hurricanes, and flooding. Needs continue. Our political leaders to tend to those needs with sp
The comments from the reserve bank of new england, a move for the new zealand kiwi dollar up by. 5 . That is where we are at the moment. Lets look at what is going on in the first word news as we get to new york and join karina. Has dodgedowell Senate Efforts to make and take sides on coronavirus 80, maintaining a neutral stance in the debate over whether the u. S. Should add to its stimulus. Powell and Steve Mnuchin testified remotely to the committee. How all reaffirmed his stance more fiscal help may be needed but stopped short of a full endorsement. China has taken another swipe at australia over calls for an investigation into the origins of the coronavirus pandemic. Having put duties on burly and some beef imports, beijing is threatening to target wine and. Ary, and dairy other products could face punitive measures and their are rumors state media could call for a consumer boycott. We advise australia to read the original text carefully and not take conclusions for granted. Weve
Members are infected. Excel has a history of Violations Including in december, when inspectors us at the facility failed to follow a doctors order for oxygen administration. Longterm care advocates say that they are almost certainly more cases Nursing Homes that have yet to be publicized. It is not a surprise. Tip of the iceberg is right. The reported numbers are likely just a fraction of the real number of cases that are already out there. Reporter he advocates or is he says that can be scattershot. Some counties have declined to provide information instead referring to a state database that does not offer specific numbers. Reporter the data being collected is selfreported, the facilities have to volunteer the information to state and county authorities and they dont want to because it is bad for business. Reporter both facilities are working with local and state officials in hopes of stabilizing the communities. The number of coronavirus cases in california take higher today, the sta