my guest is william hobbs of barclays investment solutions. bottom line for you is your glass is half-full. therefore, the expansion in high-yield, quite a ripper last week in a blowout on the spreads. does that have more mileage to go or is that an opportunity to pick up high-yield at distressed levels? excuse the pun. william: i wouldn't say it is distressed yet. was coming from expensive territory and across the credit spectrum, it has been equities that have borne the selloff so we are leaning against credit high quality and lower quality in the developed world, anyway. could go further for us. , in the short run, there's got to be significant uncertainty about your first half of the year. we are only just seeing the start of the outbreak in the developed world and we don't know how far that will go. if it does extend, you will see a lot of stress on certain parts of the economy. think tourism. some small businesses are going to suffer the next couple of quarters. manus: well, thank you. phrase of the day, hobbs. supercharged rebound. is t

and to the only 19 barclays made the biggest investment and u.k. will in sports history when they became the title sponsor of the f.a. u.s.l. in a multi-million pound deal without a doubt the fact that barclays now on board cuts prompted all the big brands to get involved we've seen big brands like reserve roll out huge competence i think even the t.v. right deals here which will start to be negotiated over the next year or so will be even more competitive than ever before and of yourself these are the you know 11 territories and there's bound to be everybody kind of wants a piece of that find out would definitely a point where brands want to be involved for a p.r. perspective but i think yes they are seeing the value of it commercially. chelsea and manchester city are 2 recognizable clubs who sit and talk to us sell table a clash between the 2 fields charles has ground to capacity and attracted national and international media as well as various football social media outlets. to us our games are streamed on the f.a. player with no geo blocking pro

the chief secretary to the treasury, stephen barclay, has been responding to those criticisms.edented situation with the health emergency, working across political, working with the tuc, working with business leaders, working across the uk with the welsh, scottish and northern ireland governments to respond. the specific things we have done for the self—employed, so, we took measures for example to defer the self—assessment payment that was due injuly, we have taken measures to support individuals, so often the biggest cost for many people is their mortgage or rent, we have taken measures there. but the main thing we have also done is to strengthen the safety net in welfare. for example, the minimum income floor that would mean that self—employed people who worked fewer than 35 hours would see that penalised in their benefits claim, we have not only increased the allowance under universal credit by £20 a week, £1000 a year, but also increased that and made it available from day one. we have made it easier to access, and we have also removed the minimum income floor, so it doesn

francine: stephen barclay, thank you for joining us this morning. a very valuable conversation.traight to new york city with the bloomberg first word news. here is viviana hurtado. viviana: we begin with steven mnuchin, he warned that there -- it that if there is no stimulus package, unemployment could reach 20%. later, if there is still a national emergency, there would be a second round of payments. there would be nonessential -- a ban on nonessential business travel between the countries. one is calling for a ban on terrorism and vacations. to a hong kong company -- it got china's approval to start human trials of acre one of virus vaccine. company developing the vaccine with the chinese military. it will run through the end of the year. the vaccine was successfully tested on animals. we end with u.s. politics. joe biden keeps piling up the victories. the former vice president easily leading bernie sanders and democratic -- in democratic primaries in florida, illinois, and arizona. mr. biden reaching out to sanders supporters. >> to the young voters who have been inspired by

stephen barclay, thank you for your time.. a good deal of sunshine around, patchy cloud, there is a chilly wind c will need to wrap up against that and some frosty nights on the way so if you're inclined to posit in the garden, if you have one, just be aware of that. high pressure, in scandinavia but close enough to keep us largely dry and keep the weather systems at bay. a bit of a breeze coming round at high pressure coming from the east following the arrows here. we are in the blue, temperate are here. we are in the blue, temperate a re close here. we are in the blue, temperate are close to average but when you factor in the wind it will feel chilly. whilst most of those are dry, one or two showers dotted about the eastern parts of scotland. at the eastern parts of scotland. at the moment they are fading away. a little weather system working to the west, that does bring it across the western side of the uk, still some cloud and we have that from the word go this morning but it will break up, allowing some sunshine to come

tonight, the worker on the barclays trading floor testing positive. outside dallas, a father and mother and their 3-year-old testing positive. amid growing outrage from doctors in this country trying to get patients tested. and what the vice president said about test kits just moments ago. >>> also tonight, the sobering warning from the governor of washington state tonight. what's he's now predicting could potentially happen. there are now drive-through tests for the virus for health care workers on the front lines. and the operation under way in california tonight. thousands of cruise ship passengers being taken to four locations in the u.s. for quarantine. how are authorities reassuring communities they will be kept safe? >>> in italy tonight, the death toll soaring. 168 deaths just today. the disturbing images from inside hospitals there. why has italy been hit so hard? some of the factors at play, and what we can learn from it. >>> tonight, president trump trying to ease economic fears over coronavirus. saying, quote, "stay calm and it will go awa

barclays bank has reshuffled the he barclays bank has reshuffled the way...rst major deep mine for a0 years. shareholders barclays in sirius minerals have voted to accept a 405m pound bid this from the mining giant anglo american to buy the company. sirius says that the newjobs have been secured and that the new mine will benefit the local community in whitby and wider region. the owner of some of the uk's biggest shopping centres has abandoned an emergency fund raising. intu — which owns manchester's trafford centre and lakeside in essex — had been hoping to raise up to £1.5 billion from shareholders to pay down a massive debt pile and secure its future. but the company says that "extreme market conditions" had deterred investors from giving fresh cash. kids — and many adults — are still playing with lego. the danish toymaker has revealed record sales along with a rise in profits, bucking the trend of rivals in the toy industry who are struggling to compete with digital enterainment. lego, which is the world's biggest toymaker, says that police stations and

or barclays you're going to have to learn how to be adults no go away now in terms of supply shocks you and i went through one and that was in the seventy's as the last famous supply shock big negative supply shocks are rare eric nielsen group chief economist at unicredit bank said with the oil shocks of the early and late seventy's often perhaps the most well known examples of their supply shocks would be storm and tsunamis earthquakes wars embargoes and strikes the problem is that there is little that looser monetary policy or additional fiscal stimulus can do to offset the impact because those stimulus measures work by boosting demand yet there air drop in money on everybody but the fact is that you know there's nothing to buy i tried going to amazon try ordering hand sanitizer and there you can't get any try ordering a mask you can't get one like a lot of things are out of added stock at the moment and they're going to keep on pushing more money so you know that's all there solution is remember the seventies and license plate and even license plate that was a way to ration gas and y

barclay drives down straight through the middle... barclay shoots! chelsea senate league leaders liverpool out of the fa cup with a 2-0 liverpool out of the fa cup with a 2—0 win. and at 11.30pm, we'll be taking an in—depth look at the papers with our reviewers, sonia sodha and madeleine grant. stay with us for that. good evening. the government has published a detailed plan for what would happen in the event of a widespread outbreak of coronavirus. the plan deals with a scenario in which one in five workers could be off sick, schools could be closed, and the armed forces could be called in to support civilian health services. but ministers say it's likely the uk will be "significantly affected" in the coming weeks. for most people, symptoms would only be "mild to moderate". but health experts say the elderly would be most at risk. the evidence from other countries suggests that 1% of people infected could die. today, ministers revealed the number of confirmed cases in the uk is 51, the evidence from other countries suggests that 1% and 12 of those h

chief economist over at barclays >>> thank you. boeing reached a an inflection point shares popping yesterday here is what mark cuban told cnbc last night. >> imagine coming on to shark tank being boeing and they want $60 billion. saying i want $60 billion and i'm willing to give you zero equity you will have to give up more. this is not a traditional loan he said he'll go elsewhere let him go elsewhere that is 60% of the $2 trillion we could put that money in a lot betterlas an pceth giving it to boeing your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. my bladder leak underwear.orried someone might see so, i switched. to always discreet boutique. its shape-hugging threads smo

michael gapen and shawn golhar from barclays.update on what is making headlines outside the business world. viviana hurtado is here with first word news. viviana: a u-turn from president donald trump on the need for economic stimulus. he now says he will seek a payroll tax cut and relief or industries hit by the coronavirus. today the pit -- today the president is promising to unveil what he calls dramatic action to support the economy. bloomberg has learned that for now the aid package will not include help for airlines and others in the travel industry. italy will become the first country in the world to attempt a nationwide lockdown. it is trying to stop the spread of the coronavirus in europe's fourth-largest economy. almost 500 people have died. the prime minister is imposing travel bands. he is telling italians to stay home. we end in the u.s. with politics. joe biden hoping to extend his lead in the race for the democratic presidential nomination. six states holding primaries. mr. biden leading bernie sanders by double dig

in a multi-million pound deal without a doubt the fact that barclays now on board has prompted all the big brands to get involved we've seen big brands like reserve roll out of huge cockpit and i think even the t.v. right deals here which will. next year also will be even more competitive than ever before. 11 territories and there's bound to be everybody kind of wants a piece of the find out would definitely a point where brands want to be involved for a p.r. perspective but i think yes they are seeing the value with it commercially. chelsea and manchester city are 2 recognizable clubs who sit atop the w s l table a clash between the 2 filled to capacity and attracted national and international media as well as various social media outlets. to us our games are streamed on the f a player with no geo blocking providing convenient worldwide access to believe in him. and the b.b.c. even has its own show dedicated to women's football but nobody watches one and. 0 they don't know women's football weekly highlights show on b.b.c. peaks at around 1000000 every week and that's very similar to t

the creators have had their share of clashes the moving story of a comic giant the barclays' long t.w. . every journey begins with the 1st step and every language with the 1st word published in the book. niko is in germany to learn german and why not play with him simple online on your mobile and free to suffer for d w z e learning course nikos fake german made easy. please. more on these creatures coming up on the show. and with that a very warm welcome to another edition of your i'm max and this.

barclays has been doing this for a while. been looking at 311 calls in new york where people can call in and ask about unemployment insurance. they said those types of calls have doubled this week from last. it is not always a one-to-one relationship, so it doesn't necessarily mean the numbers will double this time around. however, they said it does give us a clear picture of velocity and direction. for that reason, they say the number could be large. coming up, it is the market open. futures are pointing lower after three days of consecutive gains. this is bloomberg. ♪ francine: a minute to go until the start of cash equity trading. here are your headlines. the u.s. has the most coronavirus connections -- infections. itself into able market in just three days. -- eu leaders. the price of waiting. european banks halt job cuts during the crisis. good morning, everybody. inis just coming up to 8:00 london, moments away from the start of the european equity trading day, the final one of the week. let's get the markets open. futu

shawn golhar's head of public policy research at barclays. more on the beginning unlimited qe. we take a look at how treasuries are performing. , one point 30 year away from the five year yield. 74 basis points on the 10 year. big moves around the world in bonds. not as big as last week. this is bloomberg. ♪ vonnie: the dow jones industrial average has lost all of the gains it has made since the president's inauguration. down 4%, losing all of the gains since the president was inaugurated. intel is the only stock higher. home depot also up .33%. two stocks higher in a dow now down almost 5%. treasuries could be seen stabilization today. let's get ira jersery after the fed announced another wave of stimulus. ira is u.s. interest rate strategist for bloomberg intelligence. lending going to small businesses, that is supposed to be announced very soon. we have more money market liquidity. is this enough to stabilize the u.s. bond market if not the global bond market? ira: near-term it will be enough to help. the issue here, and this has been a sy

barclay warrants next thursday's data could be double that figure.he details is bloomberg's dani burger. dani: that's right. everyone was gob smacked by the jobless claims yesterday. the chart was wild. caughtge kickoff really people not necessarily by surprise, but it is shocking nonetheless, but after that shocking figure, we look to next week. what is it going to be? there's a lot of high-frequency data that can give us a clue and that is exactly what barclays strategists have been looking at. they specifically have been tracking new york city calls where people can ask about unemployment insurance. they say that compared to last week, this week, those calls have doubled. it is not a perfect relationship. sometimes, it is. sometimes, it's not. this can certainly give us an idea of the magnitude and direction of what we should expect next week, nejra. nejra: dani burger, thank you so much. jennifer rohn from -- kallum pickering from berenberg is still with us. kallum: the daily data on consumption,ore traffic around the world, it gives us a handle

last week barclays revealed staley was being investigated about whether he was transparent about his relationship with jeffrey epstein. >>> nokia says ceo suri will step down in september after six years at the helm. he'll be replaced by a former notice could yeah nokia. harley-davidson ceo stepped down in friday in a mutual agreement with the board of directors. harley's revenue has declined he as it struggles to appeal to younger riders board member has been named acting ceo shares up 5% in extended trade. >>> still ahead on the show, where the chief investment officer of nuveen is putting his money. his firm has more than $1 trillion in assets under management. >>> here are the top s&p 500 gainers in the premarket so far today. we're back right after this. stay restless with the icon that does the same. the new rx. crafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer. >>> welcome back to "worldwide exchange." could you believe ten-year government note yields were north of 3.5%. the highs at the day we were at 1.15 at the l

to the barclays momentum morgan stanley has an employee in its office in purchase, new york has testeditive but has already self-quarantined an employee add black rock tested positive. they had been in quarantine since march 4th and has no symptoms steve cohen's hedge fund points a coronavirus infection in hudson yard. a statement says it's taking precautions and preventative measures to protect workers and maintain a healthy working environment. they are splitting work forces to try to figure out how to keep people safe and you've got goldman sach's saying they are testing remote working to see how that works and try to isolate any gaps and identify them before that becomes an issue. >> we have been waiting to see if there's bigger response from man hat t-- manhattan, but if w hear about that more and more, we're going to expect to hear the mayor. he will have to say something. >> especially because even after self-quarantine there will be concern on the part of the employees but what happened before you self-quarantined. were you in the office then and was it possible even though you

it was undone by ellis barclay, because in the city attorney's office, and she could do it. and i was too damn stupid, as i was saying to tom the other day, sometimes my stupidity amazes me, that i didn't go to harry brit and carol silver and said you passed it, the mayor signed it, what is this? let's get them back. more than i've opinion able to get about the s.r.o. legislation which i still hope to. and i don't know who we hope to consult. the people who used to be on harry's advisory committee, for example, i don't know if you have something similar. it's really a good idea that you are looking at this middle bucket, which is something we weren't looking at before. i have some concern, it might just be if i were able to ask like i did back in the day, we would say what about this, have you thought about that and so on. we could clarify. i would want to know, for example, would people be evicted if they were, these were not rent-controlled buildings, are they protected by the state law from being evicted if people go turn them into this and also if people have written agr

we also have barclays coming out to say there's still risk of capitulation. ofport from buybacks because their earnings downgrades. also because the metro -- macro picture was heard this morning as contractions, worse than expected. we could be looking at 1% to 4%. yvonne: that is a shocker, the singapore numbers. 10.6% fall the first quarter, which was a big miss. let's see how singapore markets digest this. taking it in stride, but we are pretty much lower. mostly lower, but mixed in the asia-pacific. without the best rally into thousand eight. the msci lower by .10%. we will see what happens. they meet next monday. futures are lower by .4%. cut intioned about a deposit rates coming soon. on theee the reminbi stronger side. we are still dealing with 11 at the moment. take a look at u.s. futures. things are pointing higher. perhaps some signs of normalcy coming back into the markets. we have reversed the gains. pretty interesting session yesterday. it seems investors thought it was a welcome sign that there was a 21 day lockdown in the country. not much move

tonight, the worker on the barclays trading floor testing positive.mother and their 3-year-old testing positive. amid growing outrage from doctors in this country trying to get patients tested. and what the vice president said about test kits just moments ago. >>> also tonight, the sobering warning from the governor of washington state tonight. what's he's now predicng

where i used to work for 25 years a barclays that looks like or will hope all there is says and all andthen i found some internet ended. well they're not on my work in central asia i just gave their name just count where they're very location and you in central asia location i don't number. or diseases or they're all diseases in central asia right now and they show that influenza lowlevel officer authority says last year during the last season it means yeah and it says many people but then how come it is raging in iran it is raging in saudi arabia i mean economists pretty hot even right now over there now so sorry if there is plenty interesting question i don't want to go there but i don't think it's a story of bigotry and it's not it's a very very small iraq it's a nightmare. and it's again the result of human are. all over italy italy is a few and there is a do not know the 1st game what was 10 days into doing a danger here 10 days in your regular hospital was blue will do this if people do it on the simplest of doc it was a virus distribute 10 days is a long dark and civil war scare

but then again, look, barclays and citigroup have a big credit card relationship with them. it wouldn't shock me if we saw a few billion dollars of forward miles purchased from these banks. we have term facilities. there's lots of options on the table here capex is going to get pushed out. everyone is going to feel this throughout the aerospace system, too. deliveries won't happen, but i don't think any of these companies are actually going to go bankrupt through the this crisis >> well, the fact that you have to say that tells us just how bad it is out there. brandon, we appreciate it. liquidity stress tests for all of these companies and american pain the poster child for investors being upset about those debt-funded buybacks >>> and from the air to the sea now, this pandemic has been devastating the cruise industry, too. princess and viking cruises today suspending global ship operations for more, let's get to seema mody >> carnival announcing it's halting operations of the princess cruise line, 18 ships in total, for about two months this will impact sailings scheduled f

doctors and nurses on the frontline of the battle against the deadly virus applause was heard from barclays across the capital on friday night. more than 12600 cases have been confirmed in france with 450 dead all regions are now factored despite a nationwide lockdown the french health system is under him are a strange strain and a french onion shared a with r.t. france a statement from one medic who volunteered to work with coronavirus occupations. my 1st day in intensive care for corona virus patients. i'm tired 12 hours in closed premises i want to share my feelings today i've seen terrible things and i've never in my life seen such images. i've seen people in critical condition are constantly on much because of everything that could take care of yourself take care of your family friends until everyone. meanwhile police officers enforcing the lockdown in france are threatening to strike claiming they don't have the basic equipment needed to protect themselves from the virus relativity reports. as millions of people in from own saw in confinement there is a cool group of workers who are c

companies like apple and barclays are now allowing customers to skip a monthly payment while others like citi and capital one are extending deadlines, waiving fees and in some cases increasing credit lines. but you have to call. and while you're at it check in on those car payments because there could be relief there on a case-by-case basis. >> auto companies clearly know what's going on. they don't want you to default. they don't want to have to repossess these vehicles. i think they want to keep you in the loan. they want you to be a happy customer, to come back. >> ford is offering new car buyers six months of credit relief if you take out a new loan. but no doubt the biggest bill of them all is rent. bank of america is now telling homeowners you can ask to have your mortgage payments deferred. even if you have a different lender, companies are sending a clear message. your spirit may be temporarily broken but you don't have to break your bank. so the idea here is to be proactive. it's best to call your creditors no matter how daunting the numbers look and see exactly what your option

30 percent after oil producers failed measures to stabilize markets by worries over the phone of barclays and the fight against femicide clashes erupt at a march in chile marking international women's day it's one of many rallies across latin america in other countries demanding equality and an end to the killing of women by men. hello i'm terry martin good to have you with us more than 16000000 people are in northern italy are now sealed off from the rest of the country the government isn't forcing major restrictions on movement to try to control the spread of the corona virus with no one allowed to leave or enter certain areas without good reason to quarantine effects the region of lombardy and other northern provinces and including the cities of milan and venice it. he has the most infections outside of china now recent figures show 7375 confirmed cases there 366 people have died tourists have been told to leave the affected regions immediately for residents daily life will be severely restricted for nearly a month. roadblocks like these could become a familiar sight across northern it

. >>> then at the top of the hour former barclays ceo bob diamond will join us to talk about the rks.e ic relief efforts and th maet we are coming right back and sometimes, you can find yourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward. i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives. >>> welcome back to "squawk box. johnson & johnson has come out with a covid-19 vaccine or it's going to be working on a covid-19 vaccine since january it's been working on that. at this point it's identified aleve candidate. j&j plans to start a phase 1 clinical trial by september at the latest with the first batch available for emergency use hopefully by early 2021. the stock is up by 5.5% on this news these are the things the people have been waiting for. obviously this takes a long time it takes months to work these things out, but if you can see clinical trials

and some of britain's biggest banks, including rbs, lloyds and barclays, have said they will offer financial support for people affected by the outbreak. we'll have more on those developments in a moment, but first, bethany bell reports from bologna on the lockdown in italy. in naples, the police have been out on the streets, telling people to go home. and this is happening all over italy. attention, this is a coronavirus emergency, the authorities say. we ask citizens to stay in their houses. the whole of italy is now under a kind of lockdown. with movement severely restricted. some limited travel is being allowed. trains and buses are still running. people are allowed to move around the country for essential work or medical reasons. 0rfor the country for essential work or medical reasons. or for family emergencies. but if they lie about this they could face criminal charges. in some areas the announcements sparked panic buying at supermarkets. but shops and car face are staying open. like these ones here in the town of bologna. shoppers are being told to keep a safe distance from each othe

government i'm sure they say they are rectifying some of the problems before we obviously invite the barclay brothers owners of the telegraph and rupert murdoch on the show but i. get the lockerbie a lot of people are going to think that this case was done and dusted over 20 allez deal with the late more margaret daffy what exactly is this case and why are you were pressing it given that al mcgrady has been convicted of this case he was of course 1st accused by a cia asset in libya back in the days when great get halfway around the one of the richest countries in africa per capita well it on the 21st december 1988 pan am flight 103 exploded over lockerbie the town of lockerbie and 270 people from 21 countries lost their lives this was the as you said it's a tale it was the greatest terrorist atrocity to take place on u.k. soil and what it means as many people have said to us why 30 or over 31 years later should be trying to take this back to the appeal court and it's as simple as this if there was a reversal of the verdict it would mean that the britain britain and the united states and the