much.ne: thank you so bruce kasman. up, we speak about swans or what comes after this black swan. that conversation, you don't want to miss it at 11:30 a.m. new york. this is bloomberg. ♪ viviana: this is bloomberg surveillance. we begin with the death of an executive at jefferies. highlighting the urgency of back up plans. chief financial officer died from complications type the -- tied to the coronavirus. now to about 100 amazon employees at a new york fulfillment center plan to go on strike today at noon. the alleged management has been unresponsive to their safety concerns about the spread of coronavirus at the facility. they want to be sanitized. they also want to be paid. we end with easyjet is grounding its entire fleet after completing the patriot and flights. the airline is looking for ways to increase its cash cushion and plane start flying again is uncertain. it will depend on government restrictions and demand. that is your bloomberg business flash. .rancine: stocks slipping today u.s. equity futures, a lot

up, bruce kasman will join us. he is with jp morgan. a barking new york.is bloomberg. ♪ francine: this is "bloomberg surveillance." tom and francine from london. a lot going on in the markets when you look at markets across the world. focusing on the number of deaths, a horrific weekend and trying to figure out what the next policy response is from policymakers and central banks. unicredit suspending dividend payment and share buybacks. that is what the european central bank asked lenders to make sure they have enough capital buffer it we spoke to the unicredit chief executive a little bit earlier on. >> i welcome the recommendation of ecb which will help relief -- relief. clearly i got -- we are seeing other banks following this recommendation. important to support the economy. banks are a part of the solution. >> what will be the conditions between dividends and buybacks? >> the ecb has asked that we review the condition after october 1. if the economy can stabilize so if thely, conditions are right, i see no reason why we will not pay the dividend. >> i

i love what bruce kasman said at jp morgan. he looks back and harkens back to the contractions that we saw before world war ii. francine: i think we had an update on friday from goldman sachs, j.p. morgan on the second quarter gbp just gdp in the u.s., and the numbers are nothing like we have ever seen before. so i know we have a full round of update just on the lockdown, different in new york than it is in london. boris johnson saying that people need to stay home, but thinking about it lockdown because people do not listen enough. let's get to the bloomberg first word news in new york city with viviana hurtado. viviana: we begin on capitol hill, that is where senate democrats have blocked the giant coronavirus economic rescue package. readers in both chambers disagreeing on how to spend almost 2 -- leaders in both chambers disagreeing on how to spend almost $2 trillion. he will see if there is a change of heart. chuck schumer called the bill a large corporate bailout with not enough oversight. now to morgan stanley. it is war

tom: bruce kasman at jp morgan overnight writing a note that really alludes to a new bout of global disinflation. given the natural disaster characteristics here of a virus, should we consider a disinflation that is and bedded in the system, or is it a one-off disinflation that could dissipate rapidly? philipp: the market is telling us if you look at five, even longer forward, you can see that the expectation in the marketplace is that we are going to have disinflation for a very long time. i think the key here is, what can be done to break that psychology? you have to remember markets are pricing in what they are seeing right now. right now, the answer is clear. the market is expecting disinflation to continue to be a predominant theme for a long time to come, measuring in years. i come back to the principal challenge here, namely to break the psychology by coming in with a forceful and aggressive response on the fiscal side of it, tom, this is too early to strike an optimistic note, but it is also an opportunity. if governments can come together in a coordinated way between monetary and fiscal