manus: would you short aussie n asar or aussie one -- yuab keyy trade -- yuab as a trade?thank you very much. we will speak to the cfo, clifford abraham. they have given their guidance for losses this year. we will dig into the strategy and the exposures. ♪ there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. ♪ ♪ manus: good morning from bloomberg's middle east headquarters in dubai. it's daybreak europe. your top stories this morning. anthony fauci ways on market sentiment, warning against reopening tuesday. the equity risk reward is the worst he's ever seen. fiscal mester says more stimulus is needed while pouring cold

figures.worse for aussie holding onto a three-day decline.rities recommending going short the aussie versus the greenback on u.s.-china trade risks. oil steady this morning while gold is extending gains after jay powell warned of the u.s. economy and infection risks. running a sustainable business may be rewarding in more ways than one in this environment. a study by fidelity international shows a positive correlation between a company's asg rating and market performance. the study says companies at the top of the sustainability scale on average outperformed those below. joining us now for more details is the fidelity international global head of stewardship and sustainable investing. good to have you with us. correlation does not equal know.ion, as we is there just a general sense that companies that have considered thoughtful policies when it comes to esg would also make for better investors? i think that was our view when we started the research. we had a hypothesis that companies with these characteristics would have a more prudent manage

if i look at copper, aussie come aussie-kiwi, aussie- powerful fxthe most and commodity plays in regardsa so if china is going to be more powerful, is going to be are there any, commodity vicarious traits for china? catherine: we prefer to play it through two companies, analyzing andactual sales profitability of companies and their exposure to china -- manus: what about the miners? this ist last week said a trump -- triumphant moment for the guardians of capital within martin -- miners. catherine: we don't have a huge exposure to minors. -- miners. only to gold, primarily through physical gold rather than the gold miners, just because there tends to be more noise about management issues and therefore, physical gold is a more direct way of getting exposure to the precious metal, but we think this is going to be choppy along we way, and therefore, prefer to avoid some of the more cyclical areas, although our absolute isn't cyclicality. that point made expressly around gold and the gold miners. pivoting slightly to a big narrative in the markets this morning. there are three, negative rates

aussie stocks gaining ground. holding above dayfter topping its 100 moving average for the first time since january. pressure likely with china's antidumping duties on australian barley taking effect from today. aussie bonds, 10 year yield creeping closer to 1%. the u.s. 10 year yield, little changed after monday. they are steepening and brent opening higher by more than 2%. trading at a mid-march high before the expiration of june contracts this tuesday. are also watching carnival, cut to junk by moody's. the outlook turned to negative. we know the travel restrictions with the cdc pandemic order lasting until july. carnival has lost all its revenue for fiscal second quarter. they are going to resume failing in august, partial. outstanding have loans around $14 billion and moody's has cut them to junk. this is one stock that was rounding today. let's dive deeper with mark cudmore in singapore. with all the optimism of a sendingl vaccine, carnival up more than 15% at some point, could we see this upside, that risk

>> is not just the aussie. the aussie picks and chooses what it wants to look at.noticed the sizable move we have seen in iron ore. i do not really see that is a major driver. it has been us lock on with s&p futures and to extent what is happening in dollars cnh. if dollars cnh is going to go higher that will start weighing more on the aussie dollar. i do not think fx traders, i think they're fairly sanguine and what is happened with the trade war's. the rhetoric has beefed up. but i think we are not really concerned at the moment, until we see a strong retaliation. at the moment i think the fx market is more a war of words and likely to increase as we going to the november elections but we are not too concerned. you have seen that reflected in volatilities. shorter longer-term, they are not particular the high -- short term or long term, they're not particularly high. i am pretty comfortable with the idea that rhetoric will be fob so what may be -- will beef up so what may be misplaced is the idea that it is going to affect asset prices. shery: does that mean we a

to the aussie on countries, 39.7. trump speaking at an event now saying tariffs would be the ultimate punishment on china, saying if china does not by u.s. goods, the u.s. well and their trade deal. of course we have seen more pressure coming from the trump administration on the origins of the coronavirus pandemic. so we have started to see stabilization in the chinese economy and we are getting numbers out of china this week as well. what can we expect? the rhetoric from trump, we do not know how much it is rhetoric. we do not how much is responding to the fact that the november election, where he wants to be reelected, grows ever closer. what he followthrough on something like this? it remained to be seen. trade inof china and exports, this is an important indicator. economyport -- x dirt is dependent on exports and on sports to the united states so this is a very big chunk. -- their economy is dependent. the latest purchasing manager index raises questions about what is going on. and china's the same way. it depend

it's just so damn much money out there that you don't need debt you know you don't need a lot of aussie to keep the economy were it isn't and so what you're really done is you shove more fake money into the system and you know that there are place mary forces going on. you know and we have other place you think septicaemia china that china rice and internet and technology so forth and so as a result you know it's been somewhat masked but as you pointed out different people view inflation deflation different ways i mean i think in consumer prices we're going to have a mixture of both i mean i know for example we have a lot of inflation the price of eggs in my town there are 300 percent but we've got a lot of deflation in the price of gasoline and so you know that's to me not what's really relevant in this picture here for all of us and busters i think the relevant area to look at is is the asset. area and that's where i got to my seasick thought which is laid up makes you want to report which is that you know we're going to what your savings are going to sue me you're really half serious

the aussie dollar seeing some gains. we are seeing asia, modest gains. and the ringgit as well. ahead of the central bank meeting. indian markets. it was quite a selloff yesterday. the nifty falling 6%. we are seeing at least nifty futures in singapore pointing positive. toward the end of the close yesterday we saw a bit of buying. could beentiment better but we mentioned the violence on the first day of these lockdown restrictions easing a bit. with migrant workers. police called. that was the focus today. the rupiah, we saw weakness to close. to the first new words -- for me -- first word news. >> we start in hong kong's that will east social distancing. it the time has come to relax some rules but refrain from saying when. it follows a return to work for government employees monday. and reports that hong kong will lift world for public gatherings to four gatherings. the philippines is hinting at more virus policy action saying it will remain prudent in its support for the economy. the governor says the greateration offers room for easing. although the

taking a look at where the aussie is right now. some sentiment in the market suggesting we should go along aussie a recovery that. kiwi, positive. suggesting negative rates still an option, but there are many hurdles to jump. taking a look at how futures are shaping up, the s&p futures suggesting a higher open. futures up by 1%. adding to some concerns expected to hit the coast of india. india, 10-year yield. we have india saying it will allow more exposure to government bonds. this will help address liquidity problems. bonds have been sold out and investors are looking for the r.b.i. to provide some support. now, let's get more on the market action with mark cranfield. priced into the market. yes, we are going to have to get used to volatility from various headlines about whether they are working or not working. i think you can see from the response particularly from the s&p 500 that investors are getting used to that there are multiple people looking for a vaccine cure. i think that is why the setback has been relatively modest.

we are seeing pressure from the aussie dollar and the kiwi dollar.es have been supported against the u.s. dollar given that china is stabilizing and there is economic recovery in place. 1.3%, thiss down after the best april since 1987. wti losing more than 5%. plenty more to come. this is bloomberg. ♪ adam: haidi: initially the coronavirus was a health and economic story. economic slowdown, lockdown story, increasingly becoming a geopolitical one. australia has called for an international inquiry to the pandemic, fraying relations with beijing. we are seeing that play out when it comes to the chinese currencies. looking at offshore trading, it is pretty stable, 7.16. this follows on the biggest drop for offshore yuan in a month on the tariffs and investment ban talks and concern. we will be talking about this. over the weekend we heard from mike pompeo, the defense secretary in the u.s., and other policy officials there talking about this virus did emanate from a lab, even if the u.s. intelligence report suggested it was not been made. shery: will be

touch of dollar weakness and it is commodity currencies that are outperforming, particularly the aussie dollar off of what is happening in oil. we've got the wti june fund track expiring tomorrow but above $30 a barrel on output cuts. we've seen a recovery. how much longer can that continue? a little bit of a drawdown in tockpiles has given a lift crude. semiconductor has stopped taking orders from huawei after the trump administration tightened rules. donald trump's team has stepped up its pandemic finger-pointing campaign. airlinevarro suggested passengers were sent to spread covid-19 worldwide. >> behind the world of the shield of the world health organization, hid the virus and sent hundreds of thousands of chinese around the world to seed that. nejra: tom mackenzie joins us now. great to have you with us. talk to us about navarro's claims about china seating the virus. ding the virus, and we have an update on the restrictions of huawei. is a tradevarro advisor to the trump administration, a man who has built his career on bashing china. uber the number hock -- hawk in the administr

mike on the yap and the net mongers great aussie do of the doubt of being on and the ones that are moved up into an ark and decks are after a couple going on down and a month on up in the shower and mia. and . business leaders just go to you by no brush car. business leaders is by no brass paul. the 1st times glimpse of the challenges faced by journalists in the age of donald trump we are fighting the fake tears fake phony the enemy of the people through the eyes of a factor in the white house correspondent what do you base your maximally caesar down the press is not after trump is after the we're not the enemy of the people we are the people usa the current battleground whose truth is it anyway on 0 every generation has higher purpose. hours. this is al jazeera i'm dating obligato with a check on your world headlines an air bus jetliner with 99 people on board has crashed into a crowded neighborhood near the airport in the coastal pakistani city of karachi 2 of the passenger survives it's not known how many people were killed or injured on the ground there harding has more. on. the cras

the aussie 10 year yield holding steady at this point.s watching very closely china's national people's congress. hour to layin an out the centerpiece of economic policy. agendae addition to the is already causing a backlash. national security law on hong kong. tom mackenzie is live for us in beijing. this already is stirring anger. tom: it is. what beijing says is that this is a very standard security law that would help safeguard the territorial integrity of china. they say other countries have similar laws. the way it has been received in hong kong and internationally speaks to the level of anger and concern about what this law could be used for. it would punish things like secession, and foreign interference. it could be used to interfere in hong kong's relatively free media and free speech. to reassure raising -- beijing's control over hong kong. that's a concern we heard from one opposition lawmaker in hong kong saying this would effectively be the end of hong kong and -- if this law goes into force. we are waiting for the details.

every newman to know who breed don't you find aussies on this show when i stood so much in the bodies you know skiff is eluded to a samoa see a market there like this and ball comes to hold a news tip i prefer they can to drink hey z.z.z. if i lived. and that meant meant. to do loud over a mile long. did. 'd it if i knew from all the posts you do not sure people sing about the book without it its a property and do so and i am going to sing it as you and i did the people could see this you do pot on. your voice just see what your number 2. if you were. to separate then i guess if they were to stop what you are good. i look at it. 5. good. morning the. ball. pool knew he had to. stand. up on the world and. remember from the flip a switch you can. do. for. my me pull me. force. you with the need. this. is only a gun you. shoot. some of. if you say. it's not 5. we don't. get to sing it in the can as it. should. be good to go. to c.n.n. . to do. the same. mess just. as you do. not believe me but if. you do just. being in. the. gym on the. front. please up on the get go so you know i'm alon

shery: so how do aussie corporate bonds look compared to global corporate bonds to you right now?o our market has been improvement in crucial markets, but that is to some extent normal. policy response we have seen from the federal reserve insofar as they have facilities through which they can purchase bonds, fallende angels, etf's, that will have spillover effects in our market, positive ones. it will also eventually have spillover effects to the emerging market securities. i think that in light of the policy response we are seeing from the fed and the ecb and the rba, what it has done is it has removed the risk there will be liquidity driven bankruptcies. levels,ns at current that wereproducts very attractive from the point of view of long-term investors, much more compelling than they looked at the end of last year or at the beginning of this year. haidi: so guidance has been thrown out largely. you have got forecast on a macro level providing no certainty as to what the future holds. is there a sense, as you see a past performance is not a reliable indicator, so are all things

the aussie equity market down by over 5%.nt drop in the currency, and that is being reflected in some of the metals as well. copper trading down by 1.32%. vonnie: in the u.s., we have a very weighty feel for these mark

growing anti lockdown demonstrations we take a look also coming up russia celebrates victory over an aussie germany in world war 2 victory day celebrations in moscow are scaled back due to the kobe 1010 demick 12 aircraft filled the sky and the streets below were nearly empty. and nowhere to go and has nothing to eat during the global pandemic thousands of people have been left homeless in the kenyan capital nairobi after the government wants their homes . omarion to evanston thanks for joining me the corona virus infection rate in germany has again risen above the critical value of one that means one patient is now infecting more than one other person on average this comes after the government loosened many of the restrictions that have been in place for weeks but in several german cities thousands of protesters rallied against these restrictions accusing authorities of infringing on people's rights the demonstrations remained largely peaceful but there are. it's about the growing influence of right wing extremists. unfamiliar scenes for a country where large gatherings and close contacts

every newman to know who breed donkey for the aussies on this show pseudocode nice to so much me but he's you know skiff is illusory to a samoa so much. and ball comes to the whole state but great that it can to drink his easy. and that meant. to do loud over him on. the. if i knew from all the posted we're not sure people singing about the brooklyn dodgers it's a puppet again with bruce willis and i'm going to see you guys you know and when did they think she should depart on. your voice just say what's your number to. it when you do this if it gets done i just said you just said yourself what you are good for i love it. it would not. be on didn't exist. she. knew he had his. stamp. on it. for. force. with the need. this. is only a gun you. if you shoot. a rifle through. some of. this if you say. it's not. a 1000000. we've. seen it in the can as i said. begin to go. to c.n.n. . to do. the same. then just. as you do. not believe me but if. you do just. being in. the. puts a lot more like into shows the sun just said to me please open on the get go so you know i'm alone like a full do

every newman to know who breed donkey for the aussies on this show suitable nice did so much for me but he's you know skiff is a load with 2 a samoa so much. and ball comes to the hole but great that it can to drink his easy. and that meant meant. to do loud over a mile long. if i knew from all the posted without sure people seem to not be book without it it's a property and with 2 sort of the letters in it as you indicated the people could see if you depart on. the list you've only just see what your number 2. if you were to do that. then i just said you just said yourself what was it. i looked it. would not. be on didn't exist. oh. paul knew he had his. stamp. on it. as we please not to. mess it. up of the world and. assumes you can. do. for. will mean. force. you with the need. this. is only a gun you. shoot. my focus through. disabuses. face. it's not like. we don't. get to sing it in the can as it. should. be good to go. yeah. it just meant just. as you do. not believe. you do just. being in. the. puts a lot more like into shows the sun just said to me please up on the get go so yo

every newman to know who breed donkey for the aussies on this show suitable nice to so much in it but he's you know skiff is illusory to assume when i see a market. and ball comes to the hole but create that it can to drink his easy. and then. to do loud over them all i wish you did. 'd it if i knew from all the posted without sure people seem to not be book without it it's a puppet here in the pool so i'm going to see that as you know and when did they think she should depart on. your voyage to see what your number 2. if you were to do that. then i just said just tell yourself what you are good for i love it. i. would not. want to be just. oh. paul knew he had his. stamp. on it. as we please what is this up to make. up of the world and. cinema from the flip a switch you can. do. for. me pull me. live force. with the need. own fate. my focus thank you. so much. on. this if you say this is. not. well a toxic it's not. did . we. get to sing it in the can as it. should. begin to go he doesn't. seem. to be saying it just meant just. as you do. not believe. you do just. being enough. i lef

every newman to know who breed donkey for the aussies on this show when i stood so much in it but he's you know skiff is a lewd route to a samoa so much like this and ball comes to it the whole step i prefer they can to drink hazy. and that meant meant. to do loud over i'm all. for. it if i knew for them all to proceed with natural impulse and not the brooklyn dodgers simple put in to sort of the letters in your question and i did think she should depart on. your beliefs just say what your number 2. if you were to do that. then i just said just tell yourself what you are good for i love it. i. would not. want to be just. paul knew he had his. stamp. on it. as we please what is this up to make. up of the world and. cinema from the flip a switch you can. do. for. me pull me. live force. you with the need. this. is only a gun you. shoot. my focus. so much. if you say. no. it's not 5. we don't. get to sing it in the can as it. should. be good to go. to c.n.n. . to do. the same. then just. as you do. not believe me but if. you do just. being in. the. front. please up on the get go so you kn

every newman to know who breed don't you find aussies on this show suitable nice to so much anybody's you know skiff is illusory to a someone up so much hate delicate and ball comes to hold and stiff but great that they can to drink hey z.z.z. if i lived. and that meant meant. to do loud over a mile long. did. it if i knew from all the posted without sure people seen about the book without it its a property and with. the letters in it as you and i did the people came to see depart on. your voyage to it. but your number 2 if it were due to just a bit then i just said just tell yourself what you are good for i looked at. 5 . good. morning. paul knew he had to. stand. up to. the. police on up on the world and. for. my view pull me. force. you with the need. this. is only a gun you. shoot. but for throwing. some of. truth. is this if you say. no. it's not 5. we don't. get to sing it in the can as it. should. be good to go. to c.n.n. . to do. the same. just . as you do. not believe me but if. you do just. being in. the. front. please up on the get go so you know my low like they feel a dou

every newman to know who breed donkey funny aussies on this show suitable nice to so much in it but he's you know skiff is illusory to a samoa so much. and ball comes to it the whole step i prefer they can to drink hazy. and that meant meant. to do loud over a mile long. if i knew from all the posted without sure people seem to not see the brooklyn dodgers it's a property and with 2 so i'm going to see that as you know and when did they think you could see if you depart on. your voyage just so what's your number to. it would you. like that said you just said yourself what you did. i love it. would not. be. paul knew he had his. stamp. on it. don't do. this up to. a sense you can. do. for. me pull me. force. you with the need. this. is only a gun you. shoot. my focus through. disabuses. face. it's not. a 1000000. people to. say. we don't. get to sing it in the can as i said. to begin to go. to c.n.n. . to do. the same. then just. as you do. not believe. you do just. being in. the. gym on the. well folks a little like him who shows us all some just said to me please up on the get go so you

breed donkey for the aussies on this show suit when i stood so much in the bodies you know skiff is eluded to a samoa so much. and ball comes to the whole state but great that it can to drink hazy. and that meant meant. to do loud over a mile long ready ready. if i knew from all the posted without people seem to not be book without it it's a property and with 2 so the letters in it as you know and when did they think to see depart on. you only just that. but your number 2. if you were to the. village then i just said you said yourself what was it. i looked at. 5. good. morning the. ball. pool knew he had his. stamp. on it. as we please what is this up to make. up of the world and. the pursuit of. justice you can. do. for. my me pull me. live force. with the need. this. is only a gun you. shoot. my focus. so much. disabuses. face. up well a toxic it's not. we're lucky we. get to sing it in the can as i said. to begin to go. yeah. if you could change it just meant just. as you do. not believe me but if. you do just. being up on. the. front. please up on the good will see them along with what

we are seeing the aussie dollar sensitivity with sluggish oil prices waning since mid-march.ming through with policy responses with the currency managing to stay reporh policy responses with the currency managing to stay afloat this by the downturn which bloomberg intelligence notes it is an indicator of a commodity driven bearish play has been priced in for the australian dollar. let's get a check of where we are on the negative u.s. rate debate, even after fed officials pushed back on that. traders are trading subzero rates along the curve with contracts from april 2021 broadly holding above 100. that line delineating from zero rates. the market will not completely rule out a possibility of prospects of an incomplete recovery for the u.s. economy. that kforce the fed to perhaps innovate. bloomberg intelligence working out the pricing we are seeing in futures. that could be slow oil demand. shery: just ahead, bitcoin supplies, but prices tumble. a look at what this means for the cryptocurrency next. this is bloomberg. ♪ a look at what this means for the cryptocurrency next.

despite thisup sign of aussie distress. gold up.hat tell you about protection in the markets? the economic pain brought on by the coronavirus has all but halted the cash flow for corporates around the world. that's as a balance sheets deteriorate. here to discuss the coming wave of fallen angels is dani burger. good to see you. give us a context of how dire the situation is. oaktree capital referred to yesterday. give me the numbers. sani: so far year to date -- dani: so far your today, $300 billion worth of bonds have been downgraded. it is likely to get much worse from here. 111 firms are at risk of becoming sub investment grade. that's the highest number on record. the coronavirus has brought this, as has the drop in oil prices. this crisis was almost waiting to happen before the coronavirus hit. almost 50% of investment grade firms were the lowest rating. these were companies that already had a lot of leverage on balance sheets. that reduction of cash flows likely to push them to become fallen angels. firms losee 111 their inves

the aussie offshore rate back in september.here we go in terms of new york crude, about $34 at one point. haidi? yeah, let's get back to the top story. china appears to be going to great lengths to try to reassure hong kong and the large foreign business community, that the proposed national security law is good for hong kong. let's get the latest from our chief correspondent david engel, taking a closer look at these reassurances. these words from beijing but do we have any more detail of the law and is there any conviction for those that are listening? david e.: that is the biggest problem. not just the people taking to the streets and protesting violently. the law community is very concerned here, and others as well as anybody who wants to maintain the high degree of autonomy in hong kong are concerned the details are not necessarily being fleshed out or communicated well to the forle of hong kong law that could have sweeping power and could be passed in the last half of the week as congress wraps up. the commissioner of chi

if you look at the aussie, it has been very strong, held up very well, and it looks to be supported byive yield differential it has over the u.s., plus the fact that the australian economy has started to open up, managed to contain the virus outbreak very well, so that positive sector has been reflected in all these strengths here and i don't believe it has actually started to reflect ore price in the growing tensions, potential for the yuan weakness. between growing tension china and australia, of course. honesty so far has been resilient, but i do not think it will stay resilient for too long, as these factors will eventually come to the fore and lead to a contraction lower in the aussie. so your conviction, your top conviction, is taiwan dollar. what is your favorite pair to trade? khoon: you know, i believe we inl see general weakness asian currencies but i think the taiwan dollar will be very resilient and you will actually outperform in the region. i favor going long taiwan dollar versus the currencies i see vulnerable versus the taiwan dollar or even the korean won map. -- korea

the aussie dollar is holding steady at this point.g to new zealand, given that is a market that is seeing a fourth day of gains. we are expecting to hear from the new zealand finance minister to deliver marks. could be getting good indications as to how that economy is handling gradual reopening as well as the weight of the extraordinary monetary stimulus coming through from the rbnz. we continue to watch oil. a bit more of a recovery earlier on in the asian session after the rally that saw prices more than double, stalled the new york overnight on concerns that these staggered economic openings across the region is going to be overwhelmed by the glut of supply that we are seeing. the demand side simply won't rise quickly enough. we are continuing to watch the oil patch. shery: we continue to watch what happens in the coronavirus operate. the latest numbers out of china, reporting no new coronavirus deaths. when it comes to symptomatic coronavirus cases, six new asymptomatic cases. two additional coronavirus cases in china from a six.

payments attack was still working though taya dog a vessel aussie soon pulling the side's level. but once again the brain the defense love tap less and again tie however it beat them with his head to one. in the 2nd half mitchell visor made it 31 for laver cozy. with defending like best no wonder braman are 2nd to last. caterham damn near by finished. awfully because when for one the final score and braman just can't stop opponents from storing. and i pick the underdogs from freiburg with the 1st to get on the scoresheet half an hour and intend to play 1st corner found munnell good is cheeky touch happened to be right on target. from then on the red bulls controlled again but warm attack after the next light signal at freiburg snatch but looked a little out of target practice. finally in the 77th minute use of post and found the equalizer for the bulls. coaching leonardo's mom still wasn't thrilled but he had to be grateful to at least take on a point after trevor hit the target again in stoppage time. the i.r. disallowed the goal as lucas hurler was ruled off site. it ended 11 m

therea nice and aussie stock is a buy in. and 3 all right in the middle of it by purchasing products we play our part in the destruction of the planet. before not enough heat yet. in order to prevent us thinking that such products shouldn't exist corporations constantly talk about sustainability. the end of coca cola that's a term. sustainability is absolutely critical to our business survival and to our growth. ahead of ikea doesn't. sustain it mean that it is a vital part of our strategy everyone said to me they way how we are using resources in assessed a number man becomes increasingly important i'm confident that we can create a more equitable and sustainable world for all of us we can create value safely and sustainably it's about creating a culture of sustainability students and this is the guns and willing to move from the lips of those with this just the constant to merge didn't use them in the middle east hampton enough on the end of this to understand these lessons. which is upon us is. to give the seedlings on som

place this is coming from the usa from again the usa from china or another letters come in from our aussie cause so it's really it's really there and there's this one that's come in for a guy in the u.k. now if you've not taken part yet but you want to join in you still can there's an address coming up now in a 2nd after you've heard the story of one of the veterans who's on the receiving end of this his name is ernie davis no he like my own dad served in britain's role navy in his day and served on the arctic convoys which braved german air raids to deliver much needed military equipment and food to the u.s.s.r. . as in this side as song really guy was at so i'm churchill say it was one of the worst journeys in the world and. the utmost respect for them. all. good luck you don't need to get and. and he. was always well we say he summed up. in starving to death. and. i've been to a sadder a cemetery where they just mans of earth where they local was had and i just saw a bear with them then no nines they just numbers. there was 27000000 russians would share in the war. and where they had th

by kayla jeanette a johnson activist from minneapolis is good to see you thanks for joining us on aussie you took part in the protests tell us about that experience. you know i was always the one to take part in protests but i never took full action like i did on wednesday may 27th. i felt that i needed to be out there it was important and that i was out there to stand for others who can no longer stand anymore. so i ended up getting to the front line of protest in a we were peacefully protesting it was kind of scary because the police were drawing flash grenades off of the roof of the precinct they were you know shooting people with rubber bullet people it was like a war zone out there i ended up getting tear gas very badly i got hit with a flash grenade in my arm in the minneapolis the police department ended up giving me a 2nd degree burns so peacefully protesting that the type of world we live in right now it's scary but i can no longer have fear anymore because as allies if they are you know they are already did the wrong they they've done it to us multiple times and we can just we

to the autonomous territories and legislative council failed to pass similar laws because live to aussie sauce to tell it for more now saskia what's the reaction in hong kong to this. well with current of ours dominating the headlines since february many of the stories have to fall into the wayside but one making a comeback as the wild dogs return to normality the hong kong protests are now up to several months of response they still serious scuffles came off to thousands of protesters took to the streets on wednesday the day ending on a really sour note with around 300 arrests and police using pepper spray bullets because they suspected that some of the protesters had weapons including petrol bombs. ok we know that anti china sentiment has been building in the region for almost a year but that was reignite last week off to beijing announced plans for a new piece of legislation the national security that has now been approved the bill has been approved by china's legacy to and it is possible that could even come into a pact with then a matter of weeks now that would ban treaty and terror

appeared in court on corruption charges the 1st time a sitting israeli prime minister has faced trial aussie's poured out the details. today is the attempt to depose me and writes we arrange it is against what the people who voted for want to know who made those remarks as he arrived at the jerusalem court there was a large crowd of supporters there to greet and encourage him but at the same time there was an equally large crowd in front of his house at balfour street in jerusalem protesting against him so he remains a deeply divisive figure and this remains a deeply divisive trial it is hugely important it is the 1st time that israel has a sitting prime minister who is facing criminal charges while still in office the spotlight will also be on the judicial and prosecution system now netanyahu has repeatedly insisted on his innocence he accuses his critics of orchestrating a witch hunt against him he initially requested not to be present at today's opening that the judges will that he had to be there in order to hear the charges and understand the charges that were being brought before him the

thanks for joining us haron aussie international we hope you're having a great day we're back in 30 minutes with the latest headlines and see about. we go to work so straight home for. the world is driven by a dreamer shaped past and person of those with. the dares thinks. we dare to ask. time after time here my going on the ground from a country with the highest excess coronavirus deaths in europe and that number continues to rise coming up on the show johnson used to have the job could it now be the turn of drill ministers around london a global epicenter of coronavirus now desperately trying to recover after tens of thousands dead we ask how britain's capital could be transformed if he wins next year as he seeks to turn the old smoke into a beacon of equality instead of an example of how not to react to a global pandemic and as nato nations anticipate a depression greater than the one that catalyzed world war 2 why is britain's former goldman sachs chancellor outlawing a universal basic income has trump signed checks go out to americans could you be i be the only social vaccine to preven

or promised him that this was the kind of support he would receive for carrying out the operation aussies host and acquittal president rafael correa spoke with those who've agreed as vice president of venezuela rip out the failed coup. international intervention in latin america's internal affairs especially by the u.s. has a long history it's hard to understand to imagine why in the midst of a pandemic someone would want to destabilize another country's government to invade a sovereign state because it's bought to be and friendly it's unbelievable it's shocking. our dear the u.s. believes it is a unique contrie that is above all others and who is the development of a global capitalism this exceptionalism is demonstrated by the fact is it does not comply with international law the invasion quantic side by jordan goudreau the head of the us b. and c. was. he just a shame i have never seen anyone trying to overthrow a constitutional government to the contract it talks about the overthrow and arrest of president nicolas maduro and the whole government and it gives full fluency for protests t

into our we aussies about grade even thousands of locals andnd- they have to well creature well to touch it to about to carry a heavy you thames at today us who. ready program we're- we disagree queue i if you *-*- so- wee askd to come a as soon to- to do- t o do thingngs to confnform to is o zero about eight o of them asas one. saiaid we arere doing everything we have to do- sweet began- we've- we've asking- what do you do fall s so short f that distance. i'm as a- i'm so of. yeah safety hunters so it border guards fifty o of from what we know he taught me what dependence or where i was season is but safety and just couldn't- do that walk imagine that your work in a place where all the way o out off it he's bn dreadful. kelso about todd doing about walk. people the same. as before bundy makes so they could introspective was reduced and see if. wet weather and- so it it just shoe. and so we spent some time as one wasn't. wasn't it wasn't noththing more done about it and that's what led you to taking. it through the courts which subs with the shot to an ad by amazon of the warehouses as w

thecould be the korean won, aussie dollar, i think these guys are more vulnerable.his probably helps you to stay in your long positions. region, which countries are looking best placed to whether those -- weather those trade tensions? are at the moment, we probably going to see a bit more followthrough in southeast asia as a part of the recovery story. has the widest and most diverse offering in terms equity and different industries. in terms of consumer, tech and health care types of exposure. the investor interest will still be mostly focused on china. yvonne: you mention health care. that player is still intact. you so let's play back to those precrisis levels. is this becoming more than just a defensive play? is there a long-term strategy when you look at some of the stuff? ken: when you look at health care valuations in asia across the country as a whole, that is a pre-negative single -- signal. i am of the more positive about that. -- that is a pretty negative signal. i am more positive about that. short-term, i would not be prioritizing health care. more covi

equities. 1%, cba down about reporting loan-loss provisions of one billion aussie dollars.will also sell 55% of billion first for $1.7 in proceeds. flip the page, take a look at where we are in southeast asian markets. we see gdp falling as much as 3.4%, worse than earlier projections given by the government this morning. gold, 17.0 five despite it being risk off to madonna a moment. -- risk off at the moment. new zealand signals it is open to further interest rate cuts as it attempts to cushion the economic impact of the pandemic. the economic implications ahead research, good to have you with us. the rbnz delivered as expected. wasin: they did but it still quite a dovish statement from the rbnz. i guess there are key elements that have caused a reaction in markets. the first is, there is size of their the asset purchase program to 60 billion for the year. there was speculation this would happen, but i think it goes beyond that when they signal that there is still a range of monetary policy options they can add other assets to the purchase program, and they will think abou

some aussie to beautiful somebody you should just move. them to mom budgeted on this trip for them. as you know at any. or as a how mess was as dour and for the what sort of man i'm with i have heard mrs f. kind of 3 welcoming in but what i would. let him into and that in the coma. was a hug. but when he said that listen i had a gun i want to wish i had a. man. well and bernhard says no for what the other side. of. the screen there good luck manager he's. not going to be working on you from the. you will be punished for free. all of the mortgage for. what the maybe steal the property from before you get from there. i will when you know how to get. ramen market that it was a brain i think it's a get a beer and mock up a santa. when you try it and last time i met maybe and you know what when i use my e it on e at how many muscles washington then film a loss for the use of sheen and if it was a brain was filmed in a lot of the what the hell i mean the hobbit mechanics of shaheen. still drew in the female with enough for the things you know i mean she was sold over nail rock it is almos

nejra: interesting, expecting a comeback in the aussie, the worst performing to date.s more to discuss with david bloom, he stays with us. coming up, the coronavirus prompts jp morgan to rethink its long-term view on the yen. we discussed the haven status next. this is bloomberg. ♪ nejra: this is "daybreak: europe ." here is what you should be watching out for today. monthly reports and the economic bulletin. p.m., and jobless claims for the week that ended may 9. and, later, dallas fed president discusses issues with the dallas mayor. neel kashkari discusses our economy and prices in a webinar with the economic club of minneapolis. atlanta fed president raphael bostic in a webinar hosted by the georgia grantmakers alliance. the coronavirus will erase four years of growth from the economy and may push 130 million into poverty by 2030 according to the un. drop in global2% growth this year. meanwhile, the pandemic has prompted jp morgan to rethink its long-term view on the yen. it's official forecast, at 107 per dollar by year end. it has the currency trading around curr

the i some aussie to be so something you should just move. on couldn't i'm on budget on this trip. has you at any was it how was it how mess was as darren. but the man with a kind of. baby what i would. let in 1000 that. i had all shot i lost but when the so that was in the had a gun i want to wish i had a wild. man. says what are the. men the rock you. have been working on you from the have your beauty for next week . i love the morgan. the fuck the focus should be punished. i will when you know how to get. ramen market that or somebody in. a get a beer and mock up a santa. here when you threaten us. and you know what when i use my in. washington then film lost 40 more use of sheen and if it was i mean we filmed a lot of the what the hell. i mean the heart a bit more use of shaheen. still drew in the female with enough for the things i mean she's a sold over nail rock it is almost surreal. in the about an 8th of a and she lost in the eye with the subway and she did the kind of behind noone would feel for the another quiet let me come to so long again will be annoyed at the fees an

the aussie was outperforming and that is still higher. the rba kept rates unchanged. oil seeing a big move. five days of gains. the best in almost nine months. a number of things playing into that is including opec plus production cuts. as well as the easing of lockdowns starting to take away some of those demand concerns. manus: a staggering 77%. let us get up to speed with the first word news. internal u.s. government projections seeing a surge in virus cases. [indiscernible] is washing its hands of these projections of according to an internal document. officials say it does not match up to date analysis of the task force. running with is criticism from opponents and allies. want to see a risk assessment before staff returns to the office. members of the prime minister's own conservative party are urging him to ease the lockdowns and start getting people back to work. another threat from the coronavirus has emerged. like lots. doctors around the world are noting a rash of blood clotting disorders. days aftero manifest the virus has ended. it is not unusual for infe

the aussie dollar down 0.4%. crude down by 6%.ond market, futures trading , you could see a quarter of a point on the bond market. if tariffs are executed we turn l-shapee into an recovery. seeing a bit of strength in yen. let us return to our top story. raisingout donald trump a variety of issues. one of them is the death toll in the united states. it's going take 100,000. -- going to hit 100,000. donald trump promised a conclusive report on the chinese origins of the coronavirus outbreak. he says there is little doubt that beijing misled the world about the scale of the risk of the disease before it became a global pandemic. warren buffett is treading more carefully. the famed investor answer questions from shareholders at the annual meeting. he also said the crisis was different and that there have not been as many attractive deals. what was the reason? dani burger. buffett struck an almost comforting tone. he pointed to the anxiety people are facing and it was clear this was a meaningful meeting for him. talking about times am

been a daily basis moscow hospitals are releasing more patients and a system with aussie better life squeak we should we have around 10000 or 3 bags of evolve so i think it's mostly poor and today when you have some of the bad switch having even movement of it 1000 patients will be as and even sure that patients as well because people have other severe diseases and they need treatment in this is a metaphor is a priority we're in seeing the situation. even better state and that's when the thanks to the decision this region you and your team have made. and wouldn't you don't switch medical professionals already here. doctors they are highly professional and i said it many times the work without sparing themselves were know that moscow was the 1st to going to run the government 1000 outbreak. and moscow. is the invited doctors from other regions to help win this battle and moscow has amassed a lot of equipment and medical supplies you could do as you said to go was a mirror of the completion in some other cities across the world some other capitals fail to do that some of them were not

a very warm welcome from our team here in moscow this is aussie international and i'm nicky ara and nowour top story care homes for the elderly and vulnerable have become coronavirus hotspots in scotland one nursing home on the isle of skye made headlines off day it was revealed a quarter of its residents died from kovac 19 we talked to john gordon whose father was one of the victims in the last few years having dementia. she began to admit i was in bed important to him and you were so beside him who ever.