still with me, michael collins of pgim and david bahnsen of the bahnsen group. lter through to other asset classes? michael: it is really heavily correlated right now, and obviously on the equity side, with the stoxx primarily in that sector -- with the stocks primarily in that sector. interestingly, there were a couple of days where prices were higher as equities were lower, and vice versa. you had oil not participate on at least one of the big equity up days, so it may not be a day-to-day correlation with oil and stocks, but i do think it speaks to the risk on/risk off paradigm. you will see it in high-yield credit spreads, which is an area that has not been good, and i expect you will see high-yield spreads start to tighten right around the time you see oil in the higher 20's as opposed to the lower 20's. alix: michael, do you think the default rates are going to be renovated to -- are going to be to energy? -- are going to be relegated to energy? michael: there's clearly demand destruction as a result of this virus, but energy is moving to the beat of its own

michael collins, thank you very much. after the, donald trump says there could be new virus guidelines after the next 30 days. >> we may add a few more but the guidelines will be very much as they are, maybe toughened up a little bit. >> plans being discussed by the white house task force. shannon: cases doubling as michigan is the new hotbed. one michigan doctor says they are on the wrong side of increasing curve. he joins us live. e at highest r, but they've got to get it from somebody. dr. deborah birx: so we're asking everyone to be selfless for others so that we can protect those who are most susceptible. dr. anthony fauci: not going to bars, not going to restaurants, it all just means physical separation, so that you have a space between you and others. dr. jerome adams: for more information on how you can social distance please go to coronavirus.gov >> welcome back. donald trump fulfilling a promise to extend social distancing guidelines by at least one month. experts now warn the next 30 days could dramatically ch

collin: 50. michael: 100. in for a penny, in for a pound. jonathan: go bag. catch up with you. what a week. fantastic to catch up with you. collin martin, greg staples, michael buchanon. that does it for us. see you next friday at 1:00 new york time. this was "bloomberg real yield." this is bloomberg tv. ♪ david: you are watching the "best of bloomberg daybreak: middle east." major stories. >> crude collapse. opec brings a the trade war. stocks and bonds are getting crushed. >> and saudi authorities detain a brother and nephew of clicking on accusations of treason. -- on accusations of treason. -- of the king on accusations of treason. we will have the details. ♪ start please

collin: 50. michael: 100. in for a penny, in for a pound. jonathan: go bag. to catch up with you. what a week. fantastic to catch up with you. collin martin, greg staples, michael buchanon. that does it for us. see you next friday at 1:00 new york time. this was "bloomberg real yield." this is bloomberg tv. ♪ quicks's british father showed him the world. it was his mother and her cello inspired them. her into music, even though she wanted him to be a mathematician because the life of a musician was difficult. not for clive gillinson. he joined the london symphony orchestra. 14 years later, he gave up his first love and safety orchestra from bankruptcy. he did just that, surprising himself most of all.

michael: 100. in for a penny, in for a pound. jonathan: fantastic to catch up with you. collin martin, greg staples, michael began in.t does it for us. see you next friday at 1:00 new york time. this was bloomberg real yield. this is bloomberg tv. ♪ tv just keeps getting better. how you watch it does too. this is xfinity x1. featuring the emmy award-winning voice remote. streaming services without changing passwords and input. live sports - with real-time stats and scores. access to the most 4k content. and your movies and shows to go. the best tv experience is the best tv value. xfinity x1. simple. easy. awesome. xfinity. the future of awesome. mark: i'm mark crumpton with bloomberg first word news. president trump plans to declare a national emergency over the coronavirus outbreak. bloomberg has learned the president will invoke the stafford act which will open the door to more federal it four states in the disabilities. the president will hold a news conference from the white house at 3:00 washington time. bloomberg will bring that to you live when it happens. pandemic isrus starting to impact the u.s. presidentia

collin: 50. michael: 100. in for a penny, in for a pound. jonathan: go bag. -- go big. catch up with you. what a week. fantastic to catch up with you. collin martin, greg staples, michael buchanon. that does it for us. see you next friday at 1:00 new york time. this was "bloomberg real yield." this is bloomberg tv. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. >> i am scarlet fu. this is etf iq where we focus on exchange traded funds. ♪ scarlet: golds time to shine. the market meltdown could be good for gold. what is keeping it from hitting carryghs -- keep calm and on. vanguard has kept plowing money into index funds despite turmoil. want proof? look at the flows. jo

michael collins saying he is looking for opportunities to buy.oing to this are capitulation phase, the by the dip mentality has faded for the time being. we are excited about that. we are looking for opportunities where people are forced sellers, dumping blocks of bonds that we like five points lower, and that is when you are supposed to be jumping in and buying. back with us are george rusnak, oksana aronov, gershon distenfeld. here is your moment, oksana. you said it was like christmas morning. oksana: very early in the day. the presence are not quite out yet. high-yield, about it is just inching its way into the 500 spread. if you take energy out of that, which is where most of the breath is, still around 5%. 50% of the high-yield market is bb, and that is helped by the duration play. they have held up ok. high-yield went negative on the year just yesterday. entirely a market writ if you take energy out of that. you have to wait. probably for another couple hundred basis points. energy will lead the default cycle. does, itr what the fed is not

michael collins of pgim fixed income saying he is looking for opportunities to buy. >> just now we areoing to this capitulation phase, the buy the dip mentality has faded for the time being. and we are excited about that. we are looking for opportunities where people are forced sellers, where they are dumping blocks of bonds that we liked five points ago, five points lower, and that is when you are supposed to be jumping in and buying. we are chomping at the bit to start doing that. jonathan: back with us are george rusnak, oksana aronov, gershon distenfeld. here is your moment, oksana. you said it was like christmas morning. what have you been doing? oksana: very early in the day. very, very early in the morning. the presents are not quite out yet. and it is early -- if you think about high-yield, it is just inching its way into the 500 spread. if you take energy out of that, which is where most of the stress is, high-yield is still around 5%. 50% of the high-yield market is bb, and that is helped by the duration play. so they have actually held up ok. high-yield went negative on the

sat across from michael collins, the great irish revolutionary -- prof. citino: the big fellow. irish, when he signed the treaty, said, "i have signed my own death warrant." and that turned out to be true. when we look back on that, we have to say ultimately the decision on his part and his fellow negotiators to sign that treaty was -- and i hate to use this word much, but it was inevitable. they did not have any choice. the british would not have accepted a notion of an irish republic and the british war machine was armed and ready to -- ireland even more. that's a very long-winded way of saying is it the conference we are talking about or is the a symbolference simply of or a ratification of these it,itable forces, or could conceivably have gone another way on the coast? i would like to return actually to this question , that has been proposed about is just another place where there's a lot of horse trading taking place or whether there is something particular about yalta? i would say it's not much different from the conferences that happened before that in international histo

. >> he also sat across from michael collins, the great irish revolutionary -- prof.ino: the big fellow. >> who, when he signed the irish treaty, said, "i have signed my own death warrant." and that turned out to be true. he was killed to the following year during the irish civil war. that think when we look at we have to say that ultimately and hission on his part fellow irish negotiators to sign that treaty was in evitable. they do not really have any choice. the british would not have accepted the notion of an irish republic at that time. and the british war machine was primed and ready to assault ireland even more viciously than it had. way of a long-winded saying, is that the conference we are talking about or is the yalta conference simply a symbol of or a ratification of these inevitable forces, or could it, conceivably have gone another way on the coast of crimea? prof. bischof: i would like to return actually to this -- to link this question and line of argument to the question good to post earlier, whether yalta is another place where a lot of horsetrading i

. >> he sat across the cabinet table in 10 downing street from michael collins, the great issuer irish revolutionary, who when he signed the anglo irish treaty said i have signed my own death warrant. that proved to be the case. he was killed the following year during the irish civil war. i think when we look back, we have to say that ultimately the decision on his part and his fellow gauche yairlgnegotiators was inevitable. they didn't have any choice. the british wouldn't have accepted the notion of an irish republic at that time. and the british war machine was primed and ready to assault ireland even more viciously than it already had. that's a very long-winded and round about way of saying, is it the conference itself that we're talking about? or is the yalta conference simply a symbol of or a ratification of these inevitable facts on the ground and forces? or could it conceivably have gone another way on the coast of crimea? >> yeah. well, i would like to return to lend this question in line of argument to the question that gunter posed earlier about whether yalta is just another

just before the truce in june 1921, the leader, michael collins, wrote with ideas for intensifying the war. by increasing attacks on the property of loyalists as opposed to their lives, drawing on a proclamation devised by franklin and by congress by charles thompson. afterwards, the difficulty in both countries was to persuade those who had been involved in fighting to get reaccustomed to the rule of law. one of the problems that the founding fathers faced in devising their constitution, which is very relevant to ireland and northern ireland, is the relationship between majority and minority, so that neither majority nor minority are oppressed. as alexander hamilton noted in 1787, give all part of the many, they will opress the few. give all part of the few, they will opress the many. the federalists, which himself and james madison were mostly responsible for, had two answers to this problem. the entrenchment of rights and the creation of a multiplicity of interests. one should not assume that the early politics of the american republic was filled with the competition of people who w

collin and dallas counties texas have ordered deputies to do the same. and some incarcerated inmates with longer sentences including ponzi swindler bernard madoff and trump attorney michael cohen are pleading for compassionate release from their prisons because of the virus. cbs news. >>> still to come this morning, senior shopping. how some stores are giving older americans the space they need to buy their groceries. adventure... keeps turning into unexpected bathroom trips. you may have overactive bladder, or oab. not again! we're seeing a doctor when we get home. myrbetriq treats oab symptoms of urgency, frequency, and leakage. it's the first and only oab treatment in its class. myrbetriq may increase blood pressure. tell your doctor right away if you have trouble emptying your bladder or have a weak urine stream. myrbetriq may cause serious allergic reactions, like swelling of the face, lips, throat or tongue, or trouble breathing. if experienced, stop taking and tell your doctor right away. myrbetriq may interact with other medicines. tell your doctor if you have liver or kidney problems. common side effects include increased blood pressure, common cold or flu sympt