here in our studios in washington,billy house covers congress for bloomberg news and shawn zeller, deputy editor of cq magazine. thank you for joining us. congressman mcgovern, i want to begin with you in the news in the past week with the coronavirus, the markets are having their worst week in more than a decade. a reflection of the growing concern over the virus and its economic and health impact across the country and around the world. are you comfortable with the way the trump administration has handled this? has the president done enough to stay ahead of the story? >> let me just say this. as a member of congress, my focus is to make sure that we appropriate the necessary funds to provide the resources to our hospitals, to our local communities, to our states. i do not want to get into the politics of all this. i want to make sure we get this right. that is what i am focused on. >> is the president getting it right? >> we need to make sure we get it right here. i have some concerns, but at this point we need to find common ground. we need to come together and provide the funds. that

trading falls asa bloomberg news. trading falls as a result. of red with tokyo, sydney, manila, all plunging as much as 6% today. hong kong, mumbai, singapore, seattle, jakarta, wellington, they were all down about 3% or more. we got the likes of shanghai, taipei, also down. of course driving the declines was those ferocious selloffs in the oil prices. all sparked by topics, saudi arabia essentially slashing prices. two unprecedented levels after its bust up with russia over production. investors as a result of jumping riskier assets, piling into safe havens, sending things like the gold and japanese surging. the cost those losses in oil prices. you got energy firms in asia being slammed. hong kong listed petro china plunging and woodside petroleum in sydney or falling on the double digits. governments and central banks have been seen to be preparing to roll out stimulus measures to roll out stimulus measures to counter the effect of covid-19, we to counter the effect of covid—19, we know it's putting a huge strain on economies and stoking conc

we turn to billy hauser, bloomberg news, congressional reporter. >> there have been cutbacks in some programs that democrats are concerned about. but let's focus on this funding. >> actually there haven't been cutbacks. there have been continuous increases. look, i was the chairman there for four years. we increased it every single year. we did it again this year. cutting particular programs or whatever, yeah, but the reality is, this is the most substantial sustained increase in over 15 years. it is over a five-year period. >> do you expect a vote next week on a funding mechanism, $6 billion to $8 billion, perhaps? >> i think it will be substantial. i don't know if it will be as soon as next week. but the message has been given to the appropriate people responding, our medical professionals, look -- you should do everything you need to do. don't let lack of money stop you. the money should be there. come and ask us for what you need when you need it. i think there will be an additional response. but as the chairman said, this is a new disease. it is unpredictable. we do not know as

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. london, i'm guy johnson. this is "bloomberg markets." let's find out what is happening with the bloomberg first word news. here with the details, ritika gupta. ritika: british prime minister boris johnson warns that the coronavirus outbreak will become more significant to the u.k. in the coming days. meanwhile, new york is expecting more cases after identifying its first. iran and south korea both reported another jump in infections. polls show bernie sanders dominating the democratic presidential race in california one day before the primary. leading runner-up joe biden 32-14. 14 holdings one of primaries tomorrow on super tuesday. in india, the death toll from riots last week has climbed to 46. the violence began over the disputed new citizenship law. hundreds were killed -- hundreds were injured. other than one tweet, prime minister narendra modi has been publicly silent. a border crisis triggered in the european union. greece declared a state of emergency after turkey told millions

follow our global breaking news network quick take on twitter. this is bloombergy, the lender serves clients and processes more than one million transactions a day in asset classes from currencies to commodities. the hub in dubai takes care of customers in the middle east and has been operational since 2009. we sit down with the ceo of saxo bank, kim fornais, in dubai. ♪ yousef: kim fornais, thank yo

bloomberg. vonnie: it is 1:00 in new york, 6:00 in london, 2:00 a.m. in hong kong. i'm vonnie quinn. welcome to bloomberg markets. from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world that we are following. stocks surging, policymakers gaining confidence that they will act to offset the coronavirus impact. the rally coming in the face of fresh data that shows manufacturing contracted the most since 2009. twitter shares are soaring after bloomberg reported that elliott management has built a sizable stake in the company and is pushing for changes, including possibly replacing jack dorsey. a headline just crossing the bloomberg. the u.s. is ordering chinese state media, for chinese state media operations to cut the u.s. staff by 40%. the u.s. ordering chinese state media company, four of them to cut their staff by 40%. let's get to the markets. abigail doolittle is with us. what a turnaround. abigail: we have a real rebound rally on our hands. the dow is up about 3%. that is true also for the s&p 500 and nasdaq. all of this after

we're thrilled that he could take time out from bloomberg news print.hy is brent coming down so sharply relative to west texas intermediate? javier: it gives you a better view of the global economy. -- is really feeling a lot of the pressure in europe or the lockdowns in earlier, and in the united states, that is what really is driving brent so sharply down. pricebarrel at the lowest that we have seen in 17 years. the number ofee microeconomic articles over the weekend suggesting that saudi arabia is k.g. here in flooding the market with oil, that they are just going for a revenue grab based on their power, if you will. is there any validity to that? javier: saudi arabia is trying to recover somewhat what they have lost in terms of revenue because of the crisis. there is a lot of demand we have seen because of the coronavirus outbreak. at the moment we have a quarter of global demand, meaning effectively, if everything has to stop in china twice, that is the amount of oil demand that the global economy -- 25 million barrels a day. i do not think they we

here in our studios in washington,billy house covers congress for bloomberg news and shawn zeller, deputy editor of cq magazine. thank you for joining us. congressman mcgovern, i want to begin with you in the news in the past week with the coronavirus, the markets are having their worst week in more than a decade. a reflection of the growing concern over the virus and its economic and health impact

new york time roberto azevedo. this is bloombergrom new york, i am vonnie quinn, along with guy johnson in london. this is "bloomberg markets." time for futures in focus. ofey sick, vice president calamos investments, joins us sac, viceoe cu president of calamos investments, joins us over the phone now. -- >> oil will be challenged to the upside. we are already hitting capacity levels as far as what we can continue to store. if the saudi's continue to pump, as they are, and you see the russians also, this will be a challenge soon. vonnie: where could we settle? where does this and? joe: this is true demand destruction, one of the rare areas of the market where you can say, because we have such an enormous glut, before we got to this very situation, at the day, you could see $10 to $15 oil, and it could happen in quick order, especially if the saudi continues to pump at this level and you see we have no more capacity to store. vonnie: what are you seeing at the cme in terms of development of coronavirus? where are people clustering i

new york. this is bloomberg. ♪ good morning!probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity customer service simple, easy, awesome. i'll pass. tom: good morning, everyone. bloomberg worldwide, tom keene and francine lacqua. we have been trying to get to the applications into equities, bonds, bonds, bonds, little currency as well. logon.erminals perspective. credit. jim forced me to. he is focused not on full faith and credit, government papers, but the distinction between junk and investment-grade. say, givend probably volatility in equity markets, even high-yield is probably doing better than you might have thought. next penny to drop radiating panoply,ross broad high-yield. tom: high yield or low yield, whatever. credit away, the dynamics of present c

new york, noon in london. this is bloomberg. ♪ francine: good morning, everyone. ning, good afternoon, good evening, depending on where you are in the world. in new london, taylor is york. looking at the patterns, i know a lot of people have been talking about flattening the curve, getting the number of infected down. this is where we are so far. 193,000 worldwide, deaths exceeding 7000 800. the trump administration considering a stimulus plan that could reach 1.2 trillion dollars, european leaders also agreeing to restrict most travel into the continent in an unprecedented move. joining us now is a professor of infectious disease dynamics in london. mr. riley, thank you for joining us. when you look at the concerns out there, what we should be looking at? at? and a lot of companies, a lot of countries are in so-called lockdown. when is the delay, or when is the peak? are we looking at infections going up and a number of deaths going up, or does it plateau at one point? carefulgoing to be very not to claim to make specific forecasts. there is a lot of uncertainty.

bloomberg. vonnie: it is 1:00 in new york, 5:00 in london, 1:00 a.m. in hong kong. welcome to bloomberg markets. from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world we are following. stocks cratering, losing the most volume in nine years. circuit breakers triggering trading halts across asset classes. volatility putting investors on edge. fight.blown oil price and it's all causing financial condition to tighten the fastest pace since the 2008 crisis. the next pain point to watch his credit. riggs.et to taylor halfway into a very traumatic trading day. taylor: early this mentioned, we opened up down 7%. trading was halted for 15 minutes. we reopened, we recovered a little bit of those losses but not much. the next limit lowered is 13%, which we are nowhere near. for now we don't think there would be another limit helped. we are off only about 6%, but not at that 7% range where we were earlier. the russell 2000 is interesting. this is small-cap stocks. seen as being insulated from the international drama, so per

of course, bloomberg is the majority owner of the parent of bloomberg news. e, the candidate who took bloomberg down in that debate is looking for a bounce. >> every time somebody tells you a woman cannot beat donald trump, i don't know about a woman, but i can tell you about elizabeth warren. >> but she and others might not get a chance unless they figure out a way to stop bernie sanders. super tuesday could be one of their last opportunities. for more analysis, we welcome our panel of chris and democratic strategist al mottur. both are coming to us from washington. has the world changed after that big when? --win? you cannot deny it was a big win for joe biden on saturday. asit has changed, but not much as the vice president would like. he needs to perform will tomorrow to stop sanders's momentum. the key thing here is that 15% threshold. how many candidates can get above it in each of the states they are competing in, and in the congressional districts? district by district. how many can be awarded to sanders versus the field. all of them are looking to kee

follow our global breaking news network quick take on twitter. this is bloombergou move homes, you move more than just yourself. that's why xfinity has made taking your internet and tv with you a breeze. really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome. so while moving may still come with its share of headaches... no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started. alix: clogged arteries. the way the world moves is contributing to rapid climate change. how bad is it? the united nations says nearly 25% of emissions comes from cars, buses, and trucks. plus, oil factor. with geopolitical risk uncertain, oil volatility may be too much to stomach. it all has the feeling of less oil reliance and more self-reliance. and if necessity is the mother of invention, electric vehicles are the answer to many of the world's woes. elon: i think it is financially insane to buy anything except an el

he is the founder of bloomberg news.mpaignarren manager says she is assessing the future of her candidacy. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. romaine: china quantify the economic impact of the coronavirus. game. been a guessing some investors are turning to alternative data. amen is the founder of cuemacro. you have been involved in alternative data for a while. can you give us a sense of how we can use those to sauce out the effect of this -- to suss the effect of this economy? saeed: one is trying to track the buyers itself. from an investor viewpoint, the primary thing you can do is try to understand the economic impact of it. traditionally, we have used gdp data to understand the impact on economic growth. with alternative data, we can have more high-frequency measures for aspects of the economy whether it is growth, consumer demand and so on. joe: if we look at a country lik

he is the largest shareholder and founder of bloomberg lp, the parent company of bloomberg news. this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is "bloomberg markets." evercore isi head of comic research, it -- of economic research, is a business cycle expert. he's also on the board of the china institute. no better time to have him in studio than today. thanks for coming. we will get to the election news in just a few minutes. first, we got services data better-than-expected this morning. all is obviously not well. you do hundreds of proprietary surveys on a daily and weekly basis, so you have up-to-the-minute gdp growth data. what is it telling you? ed: it was really good. the economy has been really good. now, andtracking china i think the u.s. economy is going to really get weak and have zero growth in the second and third quarter. vonnie: zero growth, in spite of the 50 point fed cut? ed: right. it doesn't really help the virus very much. i think it's going to be really weak, and our surveys, right now they are about 52

i'm mark crumpton with bloomberg's first word news. bloomberg world headquarters in new york, i'm shery ahn. amanda lang.'m welcome to bloomberg markets. we are joined now by our audiences, and here are the top stories we are following from around the world. market losses are accelerating as the world health organization declares covid-19 a pandemic. than&p 500 now down more 4%. stocks have erased yesterday's gains and are losing ground in 12 of the last 15 sessions. this amid concerns of around the trump administration's response to the novel coronavirus. the president has failed to deliver on his promise of a sweeping stimulus package to and crude outbreak, oil prices are extending their declines as saudi arabia and the united arab emirates pledge to boost output. we will have an opinion from harold hamm of continental resources. that's still ahead. shery: let's get a quick check of the markets. stocks are obsession lows, but the s&p 500 and the doubt now down more than -- the dow down more than 4.1%. groups in the s&p right now sinki

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. rom london, i'm guy johnson. this is the european close on "bloomberg markets." let's catch up with bloomberg first word news. here's courtney donohoe. the u.s. supreme court will hear an appeal to reaffirm act'sfordable care constitutionality. the administration's backing .fforts by republican states the democratic party's best chance to stop bernie sanders from winning the presidential nomination comes tuesday, but his top challengers face huge obstacles. joe biden is trying to capitalize on his we can win in south carolina, but he is low on cash, and his super tuesday operation is negotiable. is the founder and majority owner of bloomberg lp, the parent company of bloomberg news. americans are grappling with the possibility of a widening coronavirus epidemic. caseork reported its first of the disease, a woman who contracted it while traveling in iran. president trump will meet with pharmaceutical executives today. meanwhile, china says its total number of infections has risen above

now we get to ritika gupta for bloomberg preferred news fast bloomberg first word news. -- bloomberg first word news. ritika: applications for unemployment rose in the biggest increase since the aftermath of superstorm sandy. the british government denies it is planning to confine residents of london to their homes. they also won't be prevented from leaving the city. still, prime minister boris johnson did threaten to impose tighter restrictions to contain the spread of the coronavirus. india is taking more steps to contain the spread of the coronavirus, banning all international flights from landing in the country for a week starting sunday. plus, the enduring government -- the indian government is asking to enforce work from home for all profit employees, the exception, people in essential sectors. democratic presidential candidate kelsey gabbard is dropping her campaign. iscandidate tulsa gabbard dropping her campaign. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. th

. ♪ with i'm mark crumpton bloomberg first word news.enate is expected to take up the house's coronavirus relief package but it comes as the white house asks for a sweeping emergency stimulus package to help business and taxpayers cope with the fallout. as he opened the senate today, majority leader mitch mcconnell promised swift action. >> it is almost impossible to exaggerate the pace of change over the past weeks and days. but americans are strong. we are resilient. ais is a proud nation with world changing history. and we have come through far greater challenges than this. this is not a time for fear or panic. if your house is on fire, the worst thing -- the first thing you worry about is not smoke damage to the roof. you try to put out the fire. this is what our proposal does. it means first and foremost, we work to address the coronavirus itself and the people most impacted. new proposal of sick pay, emergency food aid, and virus testing was approved over the weekend and is pending before the senate. china will effectively expel a

this is bloomberg. ♪ guy: live from london, i'm guy johnson vonnie quinn in new york. ing you down to the european close on bloomberg markets. let's take a look at where european equity markets are. we are searching strongly. anticipating what is about to come out of washington driving equity markets. this despite disappointing data out of the euro zone and u.k. in terms of the pmi data we saw earlier in the session. we see similar numbers stateside. the stoxx 600 is up nearly 7%. with stocksp 8.5% like volkswagen bouncing back. we have the cable strongly bid. a 1.18 handle. crude is up 1.3%. that is not great, but relative to where we were earlier we are at least in positive territory. earlier we are higher and we are continuing to see th

this is bloomberg. ♪ vonnie: live from new york, i am vonnie quinn. from london, i'm guy johnson. close" onhe european bloomberg markets. let's get a quick check on bloomberg first word with mark crumpton. mark: thank you. president trump plans to declare a national emergency over the coronavirus outbreak. bloomberg has learned the president will invoke the stafford act, which will open the door to more federal aid for states and municipalities. mr. trump will hold a news conference from the white house at 3:00 washington time. bloomberg will bring that to you live when it happens. candidates parliament is shutting down for at least five weeks. the government says the goal is to keep lawmakers from contribute into the spread of the coronavirus. this comes after justin trudeau's wife tested positive for the virus. the prime minister has been self imposed quarantine. the european commission has taken steps to minimize the coronavirusact the pandemic takes on its member states. the commission is setting up a member fund and will increase -- economies,o b

let's get to bloomberg first word news. we turn to mark crumpton. michael bloomberg ended his presidential campaign today. he spent more than a half $1 billion but failed to per se -- persuade democratic voters he was the best choice to defeat president trump. bloomberg says he is endorsing joe biden. he's the founder and majority owner of bloomberg lp, the parent company of bloomberg news. italy is taking steps to contain the spread of the coronavirus. the country education ministers as italy is shutting down schools and universities until mid-march. states,, in the united but number of coronavirus related deaths now stands at nine. all but one of those have taken place in the seattle area. global infections have risen 93,000. in tennessee, at least way for people are dead, dozens more missing after tornadoes ripped across four counties early tuesday. tens of thousands are facing no electricity, gas, or water. many roads are impassable. one of the most powerful twisters struck downtown nashville, killing two people there. some troop -- some super tu

so why is "bloomberg news" writing about it?ater in the story we learned that in contrast to the protocol in that chinese study, doctors here in the west are administering hydroxychloroquine with antibiotics, and that combination, the two of them, hydroxychloroquine and antibiotics, appears to be effective. that raises the same question once again. what exactly is the point of bloomberg so-called new story, the way the chinese use the drug had nothing to do with the way we are using it here. this study is irrelevant. writing about it doesn't illuminate anything. it misleads. that's the point. they're manipulating you. this is what happens when science becomes political. suddenly start lying and you can't trust anything you here. that's a very dangerous thing to do at a moment like this. the truth is essential. just yesterday, then governor of nevada, steve to select, issued an emergency order that banned doctors in his state from prescribing hydroxychloroquine as a treatment for coronavirus unless that is administrated in the ho

bloomberg. you can find the latest business, news, and analysis 24 hours a day. all for "bloomberg best" this week thanks so much for watching. i'm nejra cehic. this is bloomberg. ♪ ♪ emily: i'm emily chang and this is the "best of bloomberg: technology." we bring you all of our top interviews from this week in tech. the coronavirus spreads across countries and continents. markets tumble, investors grumble. we will have the latest on the virus' impact on global supply chains. passing of the torch at disney. bob chapek has been named ceo. bob iger will continue to direct creative endeavors.

from new york and toronto, this is bloomberg. ♪ is 2:00 in new york, 7:00 p.m. in london. rg markets: the close." i am scarlet fu. romaine bostick will be with a shortly when we figure out a couple of technical difficulties. i want to point you to what is happening in the markets. we see a rebound continuing from last week. stocks gained last week. despite a pullback on friday, we have resumed the advance. the s&p 500 and nasdaq have been positive from the get-go. the dow dipped negative briefly. the dollar firmer as well. against theloser greenback include the mexican peso and south african rand unconcern a number of countries may downgrade. fitch downgrading the s

rupta.tika give to, -- this is "bloomberg best," your weekly review of the most important business newsanalysis and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. with cases of coronavirus still mounting and equity markets coming off their worst week since 2008, investors were already on edge. after weak economic data didn't help from china. bracing for more market turmoil after a weekend of negative coronavirus developments. manufacturing activity in china falling to the lowest level on record in february. nations around the world. pmi data way worse than we were expecting. give us the breakdown. just tumbling in china on this data. so 40.3 was the number we got. we have never seen a print that low since the series started. the official number we got by the way on saturday, that also came in well below the estimates. you are looking at a number of about 35.7. nonmanufacturing, so services and construction, 29.6, another record low. ut sinceorst stock ro the global financial crisis showing a bit of signs of pausing this mo

stephens are presented bloomberg , the bloomberg news network which i understand was not permitted to accurately report political news. my hope is that elizabeth warren will endorse joe biden and that will be her third in a role loss. the endorsement of a proven leader. , than comes out in favor we can go back to her native american roots. um, i am, hopefully, ,dheres to common sense, um um comment -- precautions during the pandemic or whatever is coming. peoplei understand some have that opinion about bloomberg news, certainly i tried to do everything i can in the nonpartisan way. mr. bloomberg did run for president, he is involved in politics. he does not send emails in the morning telling me how to write my stories. host: how long if you been covering congress? guest: since 2005. host: when you get your start? guest: hagerstown. a long time ago, when he five years ago. host: what election cycle is this for you? guest: this is my third presidential. i was an intern with you guys at .oll call it has been a most and years professionally. ont: taking your phone calls what's ahead this

this is bloomberg. ♪ ♪ guy: live from london, i'm guy johnson. alix: from newk, i'm alix steel. ."is is "bloomberg markets mcconnell is saying the senate is going to vote on the house virus bill later today. it is all about oil prices hitting their lowest level in 18 years. saudi arabia ramping up its own price war amid the coronavirus pandemic. annmarie hordern is here. what is the pain point? annmarie: we've seen a few of these price wars over the last few years. the most recent was in 2014. the saudis was sick of everyone relying on them for these market cuts and decided to go for a full out price war. recently, i aramco had results that the finance director said they could live with $30 and can go lower for longer. it is clear they are trying to afflict the most possible pain. every day for the last week and a half, they have come out with another provocation. it is going to be running for the next few months. but we did hear from moscow. putin is alsop sweating at these prices. the kremlin said that russia would like to see higher oil prices, so for them,

this is bloomberg. ♪ ♪ guy: live from london, i'm guy johnson. alix: and i'm alix steel in newt's time for the bloomberg business flash. take a look at ford. major steps in response to the coronavirus outbreak. the automaker cyst ending -- the automaker suspending its dividend. new-car customers can get six months relief on payment. steps as ito taking continues production. the electric carmaker will hand out masks and take workers' temperature before they enter the california factory. much more coming up. this is bloomberg. ♪ ♪ guy: live from london, i'm guy johnson. alix: from new york, i'm alix steel. this is "bloomberg markets." guy? deathpain's coronavirus toll has climbed by over 200, the number of cases expanding rapidly. the government in madrid has announced a loan guarantee program worth up to 200 billion euros. overnight, we saw the ecb announcing a debt buying program worth 750 billion euros. will it be enough, and what will be the cost? joining us from madrid is not yet calvino, spain's it -- is nadia calvino, spain's economy minister. first of all, can i get your

of course, bloomberg technology is livestreaming on twitter. check us out and follow our global breaking newsitter as well. this is bloomberg. ♪ hi! we're glad you came in, what's on your mind? can you help keep these guys protected online? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation? that we can't do, but come in and see what we can do. we're here to make life simple. easy. awesome. ask. shop. discover. at your local xfinity store today. carol: welcome to "bloomberg businessweek." i'm carol massar. jason: and i'm jason kelley. we're here inside bloomberg headquarters in new york city. carol: this week, the coronavirus continues to spread and investors try to size up government efforts to contain the outbreak and its economic impact. jason: barnes & noble's next chapter. the new hero all of the rags to riches tale is a hedge fund. c

this is bloomberg. ♪ with i am mark crumpton bloomberg first word news. trump says the government is ahead of the coronavirus outbreak and it is not inevitable that the disease will spread in the united states. he spoke to reporters as he left the white house to visit the national institutes of health in maryland, which is working with drugmakers to accelerate research into vaccines and treatment for the coronavirus. washington state is reporting that nine people have died from the virus. at least 100 americans have been infected. governor andrew cuomo says a man north of new york city is hospitalized. the second confirmed case. manays the unidentified commuted to work in manhattan and lives in a home with his children. workses in westchester, in manhattan. has been with his family in westchester. we are now going through possible connections to track down possible connections to find people. mark: he added that a school in of thenx attended by one man's children has been closed as a precaution. one other case, a manhattan woman in her 30's who contracted

the new per -- the new permanence. this is bloombergld headquarters in new york and london. guy johnson in for francine lacqua. guy, you were just in brussels. i love your british airways interview. for the airline business? guy: we have seen flybe going under. it was a retail airline in the u.k.. its balance sheet was simply not up to the task despite the fact that virgin came in and tried to give them some support. if airlines, the big five that i was talking to like ryanair, these balance sheets are much stronger than they ever have been. it is a similar story over in the united states. the unitedon in states has provided that strength in a way that wasn't there during 9/11, during the financial crisis. they are michael -- they are likely in much better shape. somei know i have seen news from united and jetblue in the last few hours. right now, our "first word news ." here is viviana hurtado. viviana: trump -- around the world, countries are tramp -- are tightening travel restrictions to contain coronavirus. japan will quarantine all

you will have the latest mobile figures from the cdc, headlines from the bloomberg news room as well ow specific companies might be exposed. vrus go.u this is bloomberg. ♪ ♪ >> the list of u.s. companies announcing cuts to outlook or major changes because of the coronavirus continues to grow. airlines have been forced to engage in massive cancellations and other companies are at risk. su keenan has more. the announcements continued after the bell. su: a trail of company announcements one after the other. we can go to the after hours chart and it has an effect on at least two of the companies. not major because some of this is expected, but they are in the heart of the travel business. the second major credit card company to mourn that cardholder spending overseas has dropped sharply. the stock was lower. hyatt hotels also withdrawing its previous 2020 outlook. also microchip technology, they pulling epshey are guidance and seeing sales flat because of the virus. banks are extending their travel stanley andrgan wells fargo imposing .estrictions on travel remodeledrlines have their whol

covers theen denis senate for bloomberg news. yuval levin is joining us from his home in maryland. he is with the american enterprise institute. thanks for being with us. guest: thank you very much for having me. i hope you and your family are doing well. host: we are, and to you too. time fromate your your home. let me begin with asking about the president, his performance so far in this pandemic. how is he doing? guest: dan to that question you have to acknowledge this is a very difficult situation that no president would find easy and the federal government was always going to have to go through some mobilization, being overwhelmed by a crisis and rising to it. the question is how are they doing at that and obviously there are weaknesses to the response we have seen from the white house and i think above all there has been a certain kind of dysfunction where there has been an unwillingness to confront some of the top or realities of this crisis, or at least to acknowledge them publicly. in a lot of ways the federal government has mobilized and certainly the country has, where pe

you can get the most up-to-date information on your bloomberg terminal. global newsr and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. vonnie: thank you. let's get to our stock of the hour now. here is dave wilson. about ihs to talk market, a financial information company. they put out purchasing manager indexes, which have become pretty widely followed in the marketplace. they have the auto information service carfax. they put out a whole lot of information about the oil and gas business. they came out with their fiscal first quarter results, and it has gone over so well that these are the biggest gains since the cup he went public -- since the company went public. seconds beating for the quarter in a row, even in the face of relative weakness in the resources area. younue growth, which take out dealmaking, only 7.25% for that segment, and yet overall organic revenue up 6%. planning cost cuts, no surprise there. they are cutting executive pay, having to cancel events

and if you like bloomberg news, listen to us on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ emily: cybersecurity firms have reported surges of fission phishing attacks and malicious actors praying upon people's fears to trick them. for more, i spoke to a senior vice president at a cybersecurity firm wednesday. >> you have a series of capable actors who are looking to use the epidemic to spread malware. it's too get into your email and establish long-term footholds, or establish ransomware or the like in this current environment. emily: talk to us about the threat level in cyberspace, given what is happening, the uncertainty, so many people working from home. is there a threat to our national security right now? jamil: i think there is. there has been a long-term threat from intellect -- from property theft. as people start to work from home, a lot more of the economy depends on highly secured cyber infrastructure. that is what we are utilizing now to conduct our day-to-day business more and more, even more so now. people recognize this is a

if you like bloomberg news, check us out on the radio. is bloomberg. ♪ >> this is bloomberg technology. ceo mark zuckerberg says it is supposed to bring the told together and starting force the world to stay apart. of itssing in some biggest markets is that risk. this, as facebook close its itrs in london after singapore employee tested .ositive for the virus joining us is steve dunleavy, author, good to have you here on the show. >> facebook's ad business is not going to stand up. how well positioned do you think the business model is right now? is fairlyiness model well positioned. someone,rtisers reach facebook is one of the few choices to reach massive audiences through the internet through mobile phones and particular and they will suffer like everyone else. time and time again, however driving is the ad becky -- [no audio] nigeria with mark facebook. witnessing even the they have had issues in the past, they were skating by in novemberelection ,016, things didn't people like there was a series of scandals in it is fascinating to wat

you will find the latest headlines from the bloomberg news, and analysis on companies affected by theare about 30,000 functions on the bloomberg and we enjoy showing you our favorites on bloomberg television. i.b. they will become your favorites. -- maybe they will become your favorites. this will lead you to our quicktakes, or you can get fast insight into timely topics. here is a quicktake from this week. >> decarbonization is a key factor in the fight against climate change. the goal is simple, to reduce carbon dioxide emissions around the world as soon as possible. >> our planet cannot be saved must we leave fossil fuels in the ground where they belong. >> decarbonization requires a sweeping change and incremental steps, working industry by industry, and every major country in the world. sound expensive? it will be. but the science community agrees that to avoid global catastrophe, we have no choice but to mobilize and take on this monumental challenge. energy like wind turbines and solar panels as long now along with electric cars, are popular topics. other sectors are less discu

putting me for more on the market action in new york is bloomberg's annmarie hordern. annmarie: we are in uncharted territory, as you said at the start of the show. the 10 year yield since the start of the year down about 90 basis points, nearly a full percentage point lower. it just shows this flight to safety and the worry about the coronavirus, and the fact that this rate cut might not prevent the damage we see in the u.s. economy. many are saying that the real question is the unknown. could this trigger a recession? the market is now pressing in another 25 basis points. many on the street say for the first half of the year, we can get about 100 basis points from the fed. the second big question, is this the right tool? many people in the market are saying, how does a rate cut fix a public health policy? we could potentially see the selloff yesterday. the futures are coming back now, but yields flipping because the fed acted alone after that rare g7 call. potentially today, we could see some more action. alix: thanks so much. we want to end on u.s. politics. former

bounty, the quicker picker upper. >>> to recap the breaking news, billionaire michael bloomberg, formerk city mayor is out of the race for president after picking up six delegates last night. word a short time ago, the former mayor is going to be holding a news conference this afternoon to announce next steps. this morning he did announce that he was throwing his support immediately behind former vice president joe biden, calling him a great american. we will have that bloomberg news conference for you this afternoon, all of it coming on the heels of joe biden's big night. it was a super tuesday for him, indeed, sweeping the deep south, picking up the state of texas as well. "andrea mitchell reports" starts right now. >> and right now on "andrea mitchell reports," mike drop. michael bloomberg bows out after a super tuesday saying he will keep his promise to defeat donald trump by throwing his support and organization behind joe biden. >> i know we can do it and you know who else knows it? donald trump. >> but will elizabeth warren drop out and join forces with bernie sanders? she's talk

this is bloomberg. ♪ >> july from bloomberg world headquarters in new york, i'm taylor riggs. anda: live in toronto, i'm amanda lang. welcome to bloomberg markets. we are joined by our bloomberg and bnn bloomberg audiences.

stevens representing bloomberg because the bloomberg news network which was not permitted to accurately report the political news and my hope is that elizabeth warren will endorse joe biden and here's her rthird in the year loss without the endorsement of a proven leader but if she comes out in favor of the teepee we can go back to her native american roots and hopefully adheres to common sense and [inaudible] >> host: in connecticut, steve dennis. >> guest: you know, i understand some people have that opinion about bloomberg news and certainly i try to do anything i can in a nonpartisan way and mr. bloomberg did run for president involved in politics but he doesn't send me e-mails in the morning telling me how to write my stories. >> guest: since 2005 i've been there. >> host: where did you get your start? >> guest: [inaudible] long time ago, 25 years ago. >> host: what is this presidential election for you? >> guest: third presidential. i was an intern for you at roll call may be fourth, fifth campaign cycle so it's been a long time professionally. >> host: with you taking your cone c

bloomberg. from toronto and new york, this is bloomberg. ♪ ♪ scarlet: it is 2:00 p.m. in new york, 6:00 p.m. scarlet fu, anchoring from home. romaine: i'm romaine bostick from bloomberg world headquarters in new york. this is "bloomberg markets: the close." you're missing out on a lot if you are not here. we sanitized the place and we are keeping an eye on the markets. you can see the s&p 500 is up about 6% on the day. we were a lot higher. the dow jones industrial average was up 10% holiday. -- up 10% on the day. emerging markets index tracked by the msci having its best day since 2008. the dollar index was down about 1.5% on the day. we have been talking a lot about the dollar strength. at a record last week, but the 10-day rally being snapped.

new york, 10:30 a.m. london. this is bloomberg. ♪ ♪ this is bloomberg "surveillance." ng to cut costs, freezing work on new vehicle programs, deferring pay for white collar staff, and management will take pay cuts. the pandemic has closed factories. larry fink is bullish on the stock market. he is telling clients now is the time to get back into equities. he stresses his view is mainly from all dutch long-term investors. a partial victory for goldman sachs in a 14 year battle on gender discrimination, a judge goldman can force into arbitration almost 700 women suing the bank, claiming goldman was allowed to make biased pay decisions. goldman calling the claims meritless. that is the bloomberg business flash. i, jon ferro,and lisa abramowicz, paul sweeney, we are committed to speaking to true experts in the variola she dutch virology and vector allergy -- virology and vectorology of what we are dealing with. we are thrilled to get an update from steven riley. , it is an epicenter. , and all of ake sudden we speak of atlanta and new orleans. going back not in this 20th 16

media mogul running for president caused a lot of headaches at his media company, bloomberg news.s staffers are breathing a sigh of relief now that he's out of the race. what do you make of that, sara? >> they don't have to worry if their credibility is at stake anymore. for some period of time they had to not cover him the same way they would cover other candidates on the trail, like donald trump. now they don't have to worry about that. folks in the press don't have to worry about it's awkward for us covering bloomberg. we had to kov thecover this cli, it's unusual for a news room to restrict the coverage of an election because your owner is a billionaire running. >> so unusual. another story this week, chris matthews suddenly stepping down from nbc. this was a situation he was jumping because he was about to be pushed. er erin, any reaction to that? >> that came as a surprise to a lot of folks, the way that unfolded. but really seeing a lot of praise, too, for just the words that he had to say on his exit. just his somebody of a certain era and of a certain age who understands

this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. , i'm guy johnson. this is "bloomberg markets." time for futures in focus. let's bring in paul nolte from the cme in chicago. concerns about liquidity yesterday. is the market functioning today? paul: it is a little bit better. we are still seeing markets move pretty violently in either direction. we got a selloff, another rally, but when you look at the spreads for a lot of etf's, you are still seeing some fairly wide spreads and things moving fairly rapidly in both directions. as much as i would say we are in a better place then yesterday, i don't believe the markets are functioning at a normal level. they are still in a pretty frenetic phase right now, and i think that is going to last probably the next week or two before we see things calm down. guy: at its core, this is a health care crisis. the fed is trying to do what it can to deal with what is happening in financial markets. is the fed helping? paul: i think the fed is helping. central banks around the world are. there's plent

shery: live from bloomberg world headquarters in new york, i'm shery ahn. e to bloomberg markets. here are the top stories we are following. the federal reserve slashing interest rates by a full percentage point to near zero, promising to boost its bond holding by at least $700 billion. those moves going to stop the route in global markets. plunging by the most since the 1987 crash, triggering circuit breakers before reopening, with losses of 10%. stocks now looking to rebound off of those lows but we are still done more than 8%. and the response from central banks around the world. how global policymakers are reacting to the spread of the coronavirus and its economic impact. that conversation is ahead. let's get a look at market action. kailey leinz is with us. obsession those but a pretty steep decline. kailey: good news and bad news but we are still down 9% on the major averages. this moving the equity market coming because of our in spite of the fed? that is the question. you are seeing decisive action in the bond market. the 10-year yield now at 74 basi

michael bloomberg returned to reporting news rather than making it.ch for anotherjob to add to his long and varied cv and amy "let's get to work" klobuchar concluded this is nojob for her. smiling all the way to the democrats nominating convention in milwaukee in the summer isjoe biden, the former vice—president — provided he can shake off bernie sanders. what we can say with some confidence is that the next president of the united states will be a white, male septugenarian. how did he manage it, this lazarus—like resurrection? that is going to go down as one of the most remarkable comebacks in american history. everyone was counting him down and out, he lost the first four states of the democratic primary and running out of money. polls were indicating he would do well in south carolina, but not anywhere near the resounding victory that he recorded. i actually thought he would do well. i didn't think he would do this well, but amongst all the democratic primary candidates, he was the only one with solid support amongst african americans who are the b