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A paltry one trillion dollars,. Only in this day and age can one trillion seem cheap. Democrats want 3 trillion. Well follow battle back and forth. In texas where were seeing a spike in cases but some are finding positive signs that the spikes are not quite as high as they use to do so be. Also that, and the vaccine push right now that has some promising implications for texas. To silicon valley, what is going on there. A lot of tech ceos on wednesday will be on capitol hill. Lets just say the environment might match the weather, hot and getting even more heated. So lets get to it with chad pergram with republicans with their own coronavirus bill, that also tackles that sticky subject of those jobless benefits. Courtesy of uncle sam. Chad, where do we stand on all of this. Reporter neil, they released their plan yesterday, about five or six distinct proposals. Frankly republicans are in a pickle. There is a lot of disagreement, there is a lot of disowe nance on the republican side of t ....
Powell today. The u. K. Begins its low reopening as the business secretary says employers have a duty to keep staff safe. We will get a glimpse at the economic fallout from coronavirus in firstquarter gdp figures. More earnings coming in across the bloomberg. Taking a provision in this quarter of 326 Million Euros. Ae market penciled in loanloss provision of 286 million. Over a billion euros in loan losses. Nowhere near what you see with the spanish or italians. Theres an operating loss at the bank of 277 million. They penciled in 159. 9 Million Euros of a loss on the quarter. Thats the state of play with commerzbank. We will keep a track on that. We are tracking the losses across the map. What do you have from abm abn . Nejra 1. 11 billion euro. The estimate was 656. 2 Million Euros. Thats a bigger fourthquarter loanloss p ....
The dawning realization of what we are seeing across all of latin america, but, yes, it was a testimony of dr. Fauci. I would point out that an hour and a half before dr. Fauci spoke, there was very difficult inflation data, disinflation the, deflation data in United States of america, and that seemed to shift the mood. Francine and also it is , a pretty bigood plunge, and a lot of people say this is only a taste of things to come. Thats get to first word news in new york city with richie but the lets get to first word news in new york city with ritika gupta. Tolda the head of the cdc the committee that the u. S. Is not out of the woods yet on from. Anthony fauci warned that communities that ignore guidelines for reopening are in danger of new outbreaks. He said he has a confrontational relationship with president trump. We are waiting to see if Jerome Powell gives anything awa ....
Agreed to reopen. Welcome to bloomberg surveillance. I am Francine Lacqua. A lot going on in markets and the German Constitutional Court as we have reports why they came to that decision. First to your markets. On torkets are latching the gdp figure than the forecast, and people are expecting worse things to come. These are the markets we are looking at. There is a little bit of stabilization compared to what we saw on our ago, but the focus is from what we heard from dr. Soon. Cannot reopen too treasuries and gold holding onto the previous games. Thats get to the first word news in new york city. The European Central bank is not master of the universe and should not pretend otherwise, according to the german judge who gave his opinion on the qe program. He is asking for the bank to take responsibility fo ....
It is fascinating because the stock is up 67 , at the highs of 74 , on pace for its best day. On the hope that they may be will come up with a vaccine. Markets are so excited for the possibility of a vaccine against this virus. David not just the markets. I think all of us are excited. In the meantime weve been hearing from dr. Fauci from the nih talking about the prospects of reopening and what the risks are. Are the markets reacting to what he is saying . Abigail not all that much. His remarks are more cautious that a vaccine will be available this fall. The idea of herd immunity, not a lot of positive commentary. These are the major averages fluctuating. Not a huge reaction. I would say there is caution. One of the pieces of news on the day that weve been talking about is some degree, especially yesterday, the bond issuance. A piece of this has been on the idea the fed will step in and buy some of these credit etfs. Today is the day they start the at. Investment group they start tha ....