alessandro: we are very close.ve been hit very hard by the initial phase of the crisis and we have seen a massive outflow of capital in most emerging markets. is just picking up in emerging markets. as we know, it lasts for about four months and the peak is about two months, and emerging markets are much less capable to absorb the crisis. we expect to see unprecedented declines in economic activity and possibly widespread financial damages. tom: professor, you are a world authority in real estate. diffused outbe there that we cannot touch, how is the leverage in the global real estate system? are they exposed as other asset classes were exposed in 1998? level,dro: at the global leverage in real estate is not that diffuse and deep in the united states. markets, in emerging emergencies take place on a cash basis so from that perspective, leverage in real estate is not the most important problem, howevershows -- andarch shows individual communities affected by a pandemic will be negatively affected. emerging markets m

scarlet: that was alessandro rebucci of johns hopkins university.sclosure, the johns hopkins bloomberg school of public health is supported by michael bloomberg. let's get a check of your business flash headlines. exxon mobil targeting its best known shale assets for deep cuts. 30% to $23 billion. denmark's the second-biggest budget cut in exxon history. the largest share of the cuts will hit the permian basin in west texas and new mexico. deutsche bank downgrading general motors. analysts warning that gm will run low on cash if production shutdowns continue for months. they say gm and ford have only 15-17 weeks of liquidity to ride out the current editions. wynn resorts is the latest company to test out the credit market. they are looking to order $350 billion in unsecured notes. it is the first such sale since open threend market weeks ago. that is your business flash update. it is supposed to be spring break right now for a kids in public school but it looks like increasingly everyone's summer plans will have to be put on hold as well. goldman sa

emily: john hopkins professor alessandro rebucci.urse, mike bloomberg, the founder of bloomberg lp, is a supporter of the johns hopkins bloomberg school of public health. i want to talk about the worker agitations we have been covering across the country and around the world. instacart shoppers as well. josh idles in, who covers labor for bloomberg news, has been valiantly covering the stories of these folks across the country. josh joins us on the phone. we have been covering this day by day. whatt to get a picture of things look like right now. better safety, better pay, better benefits, insurance. where do things stand in terms of where companies are listening? that there are signs worker rebellion in sectors like health care, food, logistics could snowball. more companies have more workers take part in walkouts or protests. companies in general are not thingsthey are doing because they go on strike. companies like amazon and instacart have rolled out additional announcements about things they are doing to keep their workers safe.

verdi composed the requiem an honor of a talian poet novelist alessandro months on precisely a year after his death bed his requiem had its premiere at the church of sun michael. everybody tickled nies even with some critics that said that the was an altar and not sacred music by the everybody recognized for all from from that 1st bad moment from the 1st mean that it was a major work a bar a masterpiece movie as the baddie in a way that stephen. is a sort of effect if this. is so old. since the 1st performance in middle everybody wanted to get performance of miss out of a government and the it to became one of the most important words by their the and sacred music pieces enough of the in general performed and b. that by by the orders. i. lived. the composer gets his music in. a certain dimension and brings this music. to our dimension. because music is not the knowns is these. it's a metaphysic emotion. that you can. feel with your how persons about something and then you started to find a way to bring him down. to transcript in language or sound or through trees. in another. unspeakable.

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alessandro never had any symptoms.ies can take time to produce antibodies, so experts caution that these tests may miss some recent current infections unlike the more common swabs when shedding the virus. antibody tests like the one i got, quick, painless and inexpensive, just around $20, can show who's already been infected with covid-19 and may now be immune to the virus. a critical step as italy shifts into phase two, when the country reopens. >> we need the test, we'd be done eventually. >> reporter: who caught the virus and recovered, said such tests initially focus on critical sectors before becoming widespread. >> we're working to see who should do the test, working for every to do it, plus i would check the population, especially the north. >> reporter: the number of new coronavirus cases in italy is slowly declining, but the daily death toll remains high. while the international monetary fund warns the country's gross domestic product could plummet by more than 9% this year. striking a balance between the econ

. >> el ex jugador alessandro del piero lleno de elogio a carlos vela y dice que todavÍa puede jugarteresado en el defensa, el talento que ha demostrado. lo ha cautivado. ramÓn: se inter y sus familiares trabajan en lugares esenciales, en sector de limpieza, supermercados, vamos a recibir con todo gusto su fotografÍa, gracias por acompaÑarnos y los invito a que co hasta maÑana. ♪ jorge: jueves 23 de abril, estas son las principales noticias. otros 4 millones 400 mil trabajadores solicitan ayuda. nueva ayuda en el camino. difÍcil msiÓn, un profesor de nueva york establece mÉtodo para los cÁdaveres durante la pandemia. y nuevas investigaciones revelan cuÁles son las condiciones preexistentes que hacen a las personas mÁs vulnerables al coronavirus. vamos a hablar con los expertos y emezamos. ♪

guy: that was johns hopkins professor alessandro rebucci.ing up, a longer look at what is happening and a bright spot. we've got one for you. this is bloomberg. ♪ york, i'm from new alix steel, joined by guy johnson in london. let's give you a bright spot in the markets in the form of tech. samsung is a rare bright spot during dependent, with better-than-expected earnings during the first quarter. the long-term effects are still really unknown. it is great to see that more people are using zoom, therefore they need their chips, but at some point, the lack of demand in smartphones has got to come home to roost. guy: you also wonder how the cycle is going to work. normally these things are on a fairly regular cycle. we get new updated phones, and you wonder how that is going to be affected. particularly, i am wondering how we are going to see disruption in terms of the normal season. you get to the back end of this year. are people going to be in a position to upgrade their phones? are they still going to want to upgrade the phones? are we goi

well let's delve into why this is an issue with investment alist our son bruno alessandro good to see you again i suppose many people will be looking at this and thinking cheap oil is a good thing if it means less for them in the pocket why does it pose a problem. well cheap oil was a great thing until not long ago in fact in the 1960 s. and seventy's when oil prices surged after the one of the middle east where the 973 war brought the world economy to a standstill and line ups gas stations i remember those days in fact and people started driving different cars all of a sudden big engines became unpopular in the united states so 'd but at that time there were fewer countries producing oil now we have a number of emerging markets or countries that are producing oil and that need those revenues from the oil production to sustain various budgets and to invest in the world economy so when oil prices go down the whole world in general has less funds to to invest in productive activities so we need a balance between the ability of families to keep their households running with the cars and

alessandro never had any symptoms. can't take time to produce antibodies, so experts caution that these tests may miss some recent current infections, unlike the more common swab tests which should be able to detect whenever someone is shedding the virus. antibody tests like the one i got, quick, painless and inexpensive, just around $20, can show who has already been infected with covid-19 and may now be immune to the virus. a critical step as italy shifts into phase 2, the phase when the country reopens. deputy health minister who caught the virus and has since recovered says such tests will initially focus on critical sectors before becoming widespread. >> working in the system should do the test. everybody working in the public should do it. plus i would check the population, especially the north. >> reporter: the number of new coronavirus cases in italy is slowly declining, but the daily death toll remains high. while the international monetary fund warns the country's gross domestic product could plummet by more

alessandro never had any symptoms. but our bodies can take time to produce antibodies.n that these tests may miss some recent current infections, unlike the more common swab tests which should be able to detect whenever someone is shedding the virus. antibody tests like the one i got, quick, painless, and inexpensive, just around $20, can show who has already been infected with covid-19 and may now be immune to the virus. a critical step as italy shifts into phase ii, the phase when the country reopens. and that phase begins on the 4th of may in theory, unless the government changes its mind. and they still haven't actually decided which test, one of these chinese tests or a locally-developed test, will be adopted for mass use in the italian population. >> ben wedeman, thank you so much. >>> germany is starting to get back to some semblance of normalcy. cnn's fred pleitgen is in berlin. fred, i know chancellor angela merkel dealt with the virus aggressively and early. is there any concern that reopening germany too soon could lead to a second wave? >> reporter: there ce

alessandro never had any symptoms. but our bodies can take time to produce antibodies, so experts caution that these tests may miss some recent current infections, unlike the more common swab tests which should be able to detect whenever someone is shedding the virus. antibody tests like the one i got, quick, painless, inexpensive, just around $20, can show who's already been infected. a critical step as italy shifts into phase two, a phase when the country reopens. deputy health minister, who caught the virus and has since recovered, says such tests will initially focus on critical sectors before becoming widespread. >> who is working in the health system should do the test. who is working for every public service should do it. plus i would check the population, especially the north. >> reporter: the number of new coronavirus cases in italy is slowly declining, but the daily death toll remains high. while the international monetary fund warns the country's gross domestic product could end this year. striking a balance

to the deal or oil back as a wanted commodity in 2021 shallow ballasts 0 well stay with us story alessandro pub a horse vice president of crude for august media that's a price reporting agency for the energy industry he explained earlier why the u.s. is likely to be affected the most. if we consider that oil that oil inventories are going to keep rising because the opec cuts are smaller than what you know just a 3rd of the actual drop in demand that we've seen as a result of the pandemic actually we should expect prices to resume their drop quite swiftly into the 2nd quarter tensional be sending the price of dog u.t.i. down to $10.00 per barrel or even lower which is the price at which their us production and the shale producers seem texas and new mexico are actually forced to cut down output because it's no longer profitable to keep keep pumping out those prices because it's below their operating costs it's likely that the brant price brand representing their benchmark for prices in europe and somehow the middle east that's well connected to dubai price that that will not fall last march b

that was the johns hopkins bloomberg school of public -- johns hopkins university professor, alessandrof markets around the world will be closed to read it is a long weekend. the nikkei am a firmly below 19,000 -- the nikkei, firmly below 19,000. fair to say, the muted reaction is suggesting some investors are equities havee already hit a bottom. financials are weighing in particular. the be ok decision, profitability concerns -- the bok decision, profitability concerns rising. here, the s&p, really lowering the outlook when it comes to australia changing from negative to stable. we also are watching those banks , as well. a lot of uncertainty over what happens to dividends with the bank of queensland. seeing futures, we are the dollar edging higher after the cut to the us of the australian outlook weighing on that. yen andeing the japanese bond market holding pretty steady. much more to come on "bloomberg daybreak: asia." this is bloomberg. ♪ >> signs of credit stress are easing in asia. cost of insuring have fallen as investors turned more bullish on credit amid policy support and vir

alessandro: at the global levels in the real estate, it is not as diffused as in the united states. in emerging real estate purchases take place on a cash basis. from that perspective, leverage in real estate is not necessarily the most important problem. shows that impact in individual communities affected by pandemics can be extremely long-lasting. certain segments in emerging markets can be particularly damaged. kai talk a little bit about what is happening here in europe? italy find itself in a difficult situation. it's economy already burdened with a huge amount of debt. it is likely to take on significantly more. what is your perception of the economic trajectory of italy and whether or not the debt is sustainable? in aandro: italy is particularly difficult situation because it was already experiencing difficulty to recover from the global financial crisis. it never recovered from the global financial crisis. growth was permanently hit by that shock. catastrophe could be extremely damaging. help is definitely -- is desperately needed from the european community. ideally from t

alessandro vespignani is a professor in boston.deling the spread of coronavirus. they believe it began in the u.s. in mid-january and by february there were about 50 infections a day. ed. >> they were not detected because if you don't test, you don't detect. >> thank you, mr. vice president. >> reporter: last week the cdc director redfield said the cdc had been successful in tracing the spread of covid-19. >> the country only had 14 cases. >> reporter: but a "new york times" analysis of the university's modeling estimates by march 1st, the number of cases was much higher. likely reaching nearly 30,000 in five u.s. cities. about 10,000 of them in new york where social distancing would not be enforced for another two weeks. >> i think the major problem was lack of testing. >> reporter: dr. matija snuderl is a researcher. >> the fact this virus can spread asymptomatically from person to person without causing any disease was under appreciated until recently. >> reporter: through genetic an analys analysis, they found most did not come

it's at home where untold victims die, untested and uncounted like alessandro boromelli.e are quick to collect his oxygen tanks now in short supply. this disease is wiping out the generation that built everything around us says his son. >> so, you were or your father or anyone at your home tested for covid-19? >> no. >> reporter: underreporting the number of dead is common even in nembro a time that has the highest per cap the death rate. we spoke to a mayor that crunched numbers. >> what's the death told? >> reporter: according to our analysis is four times higher. most deaths are not count he says. but the families and friends left behind believe every life matters and needs to be remembered. it's also important to remember that underreporting deaths isn't limited to this town. mayors across the country are sounding the alarm warning covid-19 is deadlier than we think. for cbs "this morning," chris livesay, nembro, italy. >>> so hard to get a full estimate of the impact of this disease. ahead, vladimir duthiers looks at the stories you'll be talking about adventure. to

alessandro, we appreciate you coming in. >> good morning, thanks for having me. >> ed: it's great to one hand there could be people going through this crisis saying, it's sooner than we thought and to some of that is trivia to them. they are are dealing with the crisis here and now but we want to get at the heart of this. what does the data show that our viewers should know? there might be information that helps guide us through this. >> you know, what we found from that is that the epidemic arrived on some of the hot spots on the east coast and west coast probably in mid-january or in some cases earlier. then the epidemic spread invisibly through the population locally. so that's the major lessons we have because we don't want that to happen again. at that time, no county had the capacity to do larger scale testing and that was indeed happening in europe as well. but now for returning to normal life, we need to avoid having those invisible spreading chains through the county. >> ed: now that we have a better handle on it, here's some more of the data from northeastern university loo