damián trujillo: buenas tardes y bienvenidos a comunidad del valle, yo soy damián trujillo, hoy un programaspecial con el mariachi vargas de tecalitlán aquí en su comunidad del valle. locutor: telemundo 48 presenta, comunidad del valle, con damián trujillo. damián trujillo: tengo 18 años programando este programa, comunidad del valle en kmtv, un par de meses en telemundo, y hoy qué mejor manera de celebrar sino que con el mariachi vargas de tecalitlán, bienvenidos, caballeros. todos: gracias. damián trujillo: gracias por estar aquí, usted es el nuevo director aístico, y que bueno, va más de un año, ese sentido, ¿qué se siente al dirigir este gran grupo de hombres? carlos martínez: pues la verdad es que es algo que me siento muy afortunado porque disfrutar la música de mariachi con toda la tradición de mi familia, eh, me siento afortunado de que el mariachi vargas me haya dado esta oportunidad, y la estoy disfrutando con toda la ayuda de mis compañeros. damián trujillo: ¿y cuál es esa tradición que dice usted? carlos martínez: desde mi abuelo, mi abuelo perteneció al mariachi vargas, después

damian: you would think.would have thought that the dollar would strengthen relative to the end and all of that bond buying. but it really hasn't budged. i have to take a look at china. exercise thatng is going on in china. reluctantor is really to cut rates. it reinforces all of the concern in markets about the reemergence of inflation. demand destruction is highly inflationary globally. the fact that the pboc isn't cutting and is really just allowing borrowers to just whateveryments on loans they have taken out really thatconcern, and i think is going to rise. we are expecting a 40% slump in profits amongst the big four china banks this year. alix: right, and it was so interesting because there was a chart on the bloomberg the talked about how the msci emerging market is much cheaper relative to european stocks, which is interesting because european stocks are going to get beaten up a lot. is there some kind of bid here in e.m.? damian: no, i don't think so. i hate looking at those kind of metrics when you

damian, what are you watching?you look at some of the price action, specifically in the brazilian real, we are now at 5.54. the rand, the ruble, the mexican peso all our plumbing to new .ows friday is look like going to provide any assurance for em investors looking to invest offshore. i hear feel like when something like lebanon defaulting on debt and having a really hard time versus brazil, i would say brazil would have more tools with which to whether this versus lebanon. what is the why behind that? damian: just to get specific on it, they are definitely trying to pass some legislation which will allow them to take a novel approach, such as buying local bonds in the secondary market. if you look at the rand, the lira approaching seven, capital controls by the turkish central bank are not sufficient to defend the fall in these currencies. if you look at russia, they are going to cut 50 basis points. central banks are doing all they can come up at the currency weakness is evident. alix: where's the trickle down f

know trump has suggested all whether it's something else the advice is don't let it spread a bit damian collins wants to go even further and to make it a criminal offense to knowingly and maliciously spread disinformation about the virus and he says that even those in power should be included in that. if it will lead to. is sharing information that is false it could lead to a whole lot should be cool and indeed twitter i think today was a message just for the president of brazil was a good potential hopeful could leave his go home but the boss would follow it so absolutely they should you know that could have terrible consequences for a couple of presidents in north america what about the social media sites who are hosting all of this fake news yeah exactly and damian collins as she spent many years in the u.k. trying to push for more regulation of their social media sites such as facebook and also making sure that they take responsibility for what they're hosting and he says that although some of them have done better during this crisis he still thinks that they need to be held liable

or is it perhaps a little bit unfair and i spent to one of the co-founders the british politician damian collins and explains that people should if they are unsure about such thing content think very carefully wanting to. know if you will come to the cold be proven is. that this is a really serious issue if people call back what they're saying with facts don't spread them into something that caught yet be established whether that is a full stereo or uncertain period a host salted or what she was at the shed at. how do these stop people from sure it's a good question because this stuff is prolific but what the the site is doing is it's launched it so so own social media campaign it's called isolate the lives so whether it's claims that disinfectant can 1000 something that apparently even the us president donald trump has suggested over whether it's something else the advice is don't let it spread a bit damian collins wants to go even further and to make it a criminal offense to knowingly and maliciously spread disinformation about the virus and he says that even those in power should be i

damian? >> reporter: it's pretty calm now here at the cathedral of faith, but it was emotional here earlier, as the economic fallout from covid-19 has a lot of people reaching out for help. the line of cars clogged the side streets around the cathedral of faith in san jose. in each car, a story to tell, all of them heart enching. >> i had a lady here yesterday with four little kids and she says, i'm a waitress and i don't have any food. >> everything is tough. evything is closing up. >> rorter: the cathedral of faith hands outd boxes twice a week to roughly 400 families. but today, roughly 2,000 families turned out, looking for help, something they didn't expect. >> it breaks my heart. my own family, i have five children, three are out of work right now. they all get laid off this week. sohey're all moving me. and so, you know, my son's getting ready to lose his house. it's very scar >> reporter: insidehe cars, the stories coinued. >> have two kids. it's really hard to get food right now. bec

damian: marcus, i'm damian solomon. nice to meet you. lemonis: nice to meet you.u do here? damian: i'm the director of cultivation for medmen. lemonis: dispensaries usually pay from $1,500 to $3,000 a pound to outside suppliers. but medmen can grow its own for under $1,000 a pound. do i need to get dressed like you? damian: yes. you have stuff here ready for you. and it's just part of our quality assurance and quality control. lemonis: yeah, yeah, yeah. damian: these are the different strains. so, you can see there's a strain sour banana, green crack, tangie dream, euthanasia. lemonis: yeah, that one's probably pretty mild. it's a balancing act cultivating strains and catering to customers. how do you measure demand? damian: being tied to retail dispensaries, we're able to then get that data very quickly. we're able to analyze the metrics that we get from the retail side for the point of sale. lemonis: is it that sophisticated? damian: it's getting that sophisticated, yes. i'm going to get the feedback from the consumer that says, "i really want this taste. i real

damian trujillo, nbc bay area news. >>> thanks, damian. our commitment to looking at the good things during this pandemic doesn't stop here. tomorrow, join us for an nbc bay area news special. we'll bring you the best of the best and tell you how you can do something good for our neighbors in need. watch coronavirus, our community response is saturday at 7:00 p.m. >>> up next for dozens of people, what will keep them from losing their businesses during this crisis. >>> i'm chief meteorologist jeff ranieri. i'll put a track on that weekend storm. will we have the chance of th s thunderstorms and small hail? that's in about six minutes. when we see you back tonight. >>> for a lot of people, they're having trouble paying rent. a person is waiving two months rent for his tenants. they house everything from insurance companies to retail, restaurants. he wants to soften the economic blow to his tenants by waiving april and may. sharing some of that loss is simply doing the right thing. >> we have to learn to row the boat all together. because if

de famias que se edaron s trabajo de unÍa para otro, pero ede haber solucies, paraso saludamos a damiÁngares del paÍ sitios concretos se aprobÓ un cheque para mdar al inquilino o empresase servicios pero en el sto del paÍs no hayyuda directa a la ren, lo que sÍ ede utilizar l gen es e famosoheque queos va a llegarn el contexto del coronavirus que hlamos de 12 dÓlares popersonas, 2400 para las parejas y bueno si han tenido la mala suerte tamÉn de perder su empleo, pueden aplicar al subsidio de desempleo que ahora durante la crisis del coronarus es mÁs largo y beneficia a mÁs gente. >> en el caso de quienes no reciban el cheque o sea insuficiente, l inquilinos pueden pedir ayuda al case? >> claroso es legal, explicar al caso o a condominio o a la empresa, miren, tengo problemas para pagar la renta de este mes, debido a la crisis d corovirus. dos cosas a tenern cuenta imero mejor comunicarlo por escrito,a sea por email o un mense de texto o quizÁ u carta, segundo pueden intentar negociar, dicen,irenago una parte, aunqu sea poca porque tambiÉn elasero vive y soeviveracias a la renta y si ao

damian: that's right.ed previously, a homework theme heading into the pandemic has been secular growth of currency hedged fixed income and credit portfolios at large non-bank institutions, specifically those from negative interest rate jurisdictions. what you are looking at on the chart are your libor three-month spreads, and they have gone to four-year highs. what this is driving effectively is increased demand for unsecured funding out of europe to buy, to swap into dollars and buy u.s. credit mortgages, high yield, you name it. swapping into dollars has been a source of stable income for these institutions, i don't expect that to go away anytime soon with libor ois spreads this wide in europe and the u.k. alix: so what is the knock on effect to that? we know why it is happening. what is the so wet for investors or companies, -- what is the so what for investors or companies? damian: we need to see further loosening of the collateral rules that enable lenders to borrow against euro holdings, or we need t

here to discuss, michael, plus damian sassower -- michael mckee, plus damian sassower.ike, there's so much economic information coming out, whether it's france, whether it's germany, whether it's the u.s. here. what is the most important thing on your radar? michael: at this point, we are still looking at jobless claims in the united states because it still has the potential to shock. when we get that, the question turns to where unemployment is going to be when we get the payrolls report because it will give us an idea of the depths of the recession to come because it happened so fast. 10 million people so far applying for unemployment. there are forecasts for 7 million more tomorrow. if you get that, you're looking at unemployment north of 15%. we only got 10% during the financial crisis. predictionsl these from the think tanks in germany, from the difference -- from the bank of france. us an idea of what we have to do on capitol hill. n, what are you watching? damian: for me, it is this shift of fundamentals that should take place. if you look at the whole of develop

good morning, damian. >> reporter: milpitas has become the first city in santa clara county to issue this order. now what does it all mean? it means it begins at 8:00 this morning but it means if you are in public anywhere in milpitas then you have to wear one of these face coverings. this is mandatory for employees and customers at essential businesses that includes places like grocery stores, pharmacies and gas stations. city officials say face coverings do not replace the need for social distancing. one councilwoman posted on facebook the order was made to minimize the risk of community transmission in milpitas. the councilwoman says the city is partnering with key stakeholders to provide free face coverings to the community members. but the owners of essential businesses have to provide those face coverings to its employees. this order will remain in effect until the end of the health emergency. milpitas has declared a local emergency within the city limits. at last count there were 66 confirmed cases the city order says area are already doing this but the santa clara county has

damian? >> reporter: yes, you have to wear a mask herepitasmilpitas. 95% of people coming into this safeway shopping center are actually wearing those face guards and in fact for some time now, safeway was giving them for free over at the front entrance. the new ordere coverings are mandatory for employees and customers at essential businesses like grocery stores, pharmacies and gas stations. the city says it's partnering with key stakeholders to provide free face coverings to its community members but the owners of essential businesses have to provide those face coverings to its employees. milpitas has declared a local emergency within the city limits. at lastoronavirus in milpitas. >> and the only way we're going to get control of this disease is if we take this serious. a lot of people are still not taking this serious, and we need to puckel down and say, you know what, we need to get people back to work so that way they won't be suffering economically, they're facing economic hardship. >>

damian?at is that, the only thing i can think of is higher yield. i agree withn: you. they are doing everything they can to drive yields lower, but that is not going to help in terms of getting foreign investors back into the market. the one thing overnight i am focused on, we see a lot of earnings coming up, but we emerging-market guys like to focus on things like taiwan semiconductor come of the third-largest em equity member. qualcomm,s for apple, you name it. but beneath the surface, where i live and breathe, they have revised lower all of their forward estimates. i am talking for the foundry industry, made-to-order chips, growth, which was expect it to be 20% just three months ago. you really see some forward guidance coming off, and that does not bode well for emerging markets writ large. alix: let's pivot off of that because volkswagen is coming out , withdrawing its 2020 outlook as well. the economic perspective if you are in investors, i wonder how much we care about those headlines right now. we obviously care from a long-term perspective, especially with how

damian: that is the question.here's no guarantee that some of these weaker hands in emerging markets are actually going to receive funding. that is the real question here. it is not business as usual. commercial seeing paper markets coming into play, but the increase in money supply specifically due to quant easing or central bank intervention has not led to an increase in the money multiplier specifically in the u.s. here.s the real quandary we are doing all we can to stimulate, but it doesn't mean banks are going to lend to those who need it most. alix: that leads me to normally, if you wind up seeing all of qe from emerging markets, we are talking about inflation coming down. that is nowhere near the conversation. now is it a deflation conversation with oil prices? oilael: not just with prices, but with prices in general. there was a debate when this started about whether it would be a demand or supply shock. with demand evaporating around the world, we may get there, but the problem is nobody wants anything, s

joining me is damian sassower. damian: we are looking at the differentials between em and u.s.. we saw saw in bbb, basically u.s. high-yield bbb spreads tighten. a lot of this is due to the iconic blue-chip issuers that are in the bbb tranche, but in bb land, we are talking about ford, kraft, other iconic names. makeup -- petrobras of the bbb, so my call is he will see those spreads widen just as you have seen in the bb space. that may be mitigated by brazil and some other things. large, we should cem u.s. spreads widen from here in the bb tranche. alix: we will see if the imf and world bank can do anything later on this week. always good to catch up with you. thank you very much, damian sassower of bloomberg intelligence. coming up in the next hour, we tackle many themes, including what it winds up meaning for through we muddle the coronavirus response, and what the visibility is for 21. estimize founder and ceo, will join us. this is bloomberg. ♪ because you can't get to the theater, we're bringing the theater home to you, with xfinity movie premiere. there's a world full of

damian: you are speaking my language here.me, em dollar liquidity has not returned to prior to the january-february period. we never saw this in the global financial crisis because we didn't have dodd-frank, and dealers were able to intermediate in the market. people are just not trading. if you have to look at the whole of the u.s. dollar spread asset i focal for me then point is commercial mortgage-backed securities, $500 billion market. is a situation that really, quite frankly, is going to kill the equity investors. it benefits a lot of these lenders because the equity investors walk away from brent obligations. thesee seeing all of duplications for where things are going to wind up. as we approach that date, i am really going to be focused on where spreads go and how it filters over into em and the broader ig and high-yield asset classes. alix: i thought the fed was fixing all of that? [laughter] michael: they are setting up programs to try to bring some relief to those markets, but the problem that the fed has is they do

it's helen mccrory and damian lewes.ause, like everyone, the phone, because, like everyone, the wi-fi the phone, because, like everyone, the wi—fi and broadband situations are not super great where they are. thank you forjoining us by hook or by crook. helen can explain what you're doing to help nhs workers?m we have lots of friends the nhs. and when this outbreak happens. we are speaking about how they felt and how, you know, how they were feeling, and they said one of the big problems they had was all the cafes a nd big problems they had was all the cafes and the restaurants around hospitals were closing, and the hours that they were doing were longer and longer. and they weren't able to get food. and, first of all, we thought, 0k, and we sent out a few pizzas. then we spoke to a man called bob claymore at imperial foundation trust, and he explained that it was more than just a few pizzas, that's, actually, they had a large amount of staff that weren't managing to eat at all, like the hospital at same st mary's padding

and what about the social media five's themselves they're hosting this fake news yes absolutely and damian collins has as a politician in the u.k. spent many years trying to earn more pressure on governments to regulate companies like facebook trisect exceptional larry says some of them have done a better job during this coronavirus pandemic he still thinks that it should they should become liable if they do not take down information that is made and he also thinks it's crucial that he networks that he distributing this stuff are tracked down and they are stopped because otherwise there will be no end to this battle i thank you for that alex forrest whiting. let's take a brief look now at some of the of the stories making headlines around the world the u.s. officials say a man has been arrested after opening fire on the cuban embassy in washington so far to say an unidentified person are fired several shots in the early hours of thursday the country's secret service is investigating no one was injured. and when the traffic jams of up to 30 kilometers of the border between kenya and uganda

america what about the social media sites who are hosting all of this fake news yeah exactly and damian collins has she spent many years in the u.k. of trying to push for more regulation of their social media sites such as facebook and also making sure that they take responsibility of what they're hosting and he says that although some of them have done better during this crisis he still thinks that they need to be held liable if that decision from ation is not removed he's also said he thinks it's crucial that the key networks that it just distributing the stuff off found and they all stop because if that doesn't happen then this battle will never be won it's not a good thing when people are drinking disinfectants and in the political situation as always thank you. well you're watching the w. news still to come if we can't be there to watch don't bother playing. you survey shows the majority of germans are against the book this league is soccer season resuming in empty stadiums that story coming up in just a moment. or chances are most of you watching have not taken a flight lately the

running me now is damian sassower of bloomberg intelligence -- joining me now is damian sassower of bloomberg let'set's --damian: remember that requirements at dodd-frank really helped facilitate liquidity in the secondary market. what you're seeing here is a comparison of em dollar debt high-yield and investment-grade 2008thousand eight -- in and march of last month. what you see is that bid offer spreads jumped. they nearly doubled for high-yield. they have yet to come down. what we need to see is that are price discovery in the secondary market for em risktakers to return. alix: is that even feasible? [laughter] damian: we may consolidate at higher ranges, but you are right. is it feasible? i don't know. we are seeing primary activity recover. we are seeing that ad nausea him. but we really need to see the heredary market normalize for marginal risktakers to return to the market to really show their true hand, and i think for speculators to really feel comfortable putting positions to work and long-term capital to work. that is what we are focused on. this is a market driven by technicals,

damian: how about this one?or mid-march, the bloomberg barclays investment grade dollar bond index is down nearly 10.5%. it is now positive today. positive zero point 2% year-to-date. that really speaks to the spread tightening we have seen across the whole of u.s. financial markets on the back of some of these measures the fed are taking, including the commercial paper facility. think you kind of have to take stock of where we are, where we were. high-yield has come in quite a bit. a lot of the measures taken by the fed have nothing to do with em. i think that is the real canary in the coal mine here. the imf meetings are going to go along long way to giving us some clarity as to how developed markets are going to address emerging markets, whether it is debt relief, liquidity lines. i think that is the last stone to drop and really should be in focus for most investors today. alix: and i want to tie in this with jp morgan, and also cash. let me see if i can do it. you have a bank of america fund managers survey

damian: well, you basically hedge against eller upside and dollar-yuan.ou get paid to basically protect against dollar upside while carrying in positively yielding china government bonds. that is one way to extract the yield over treasuries. these are the kind of opportunities if you are looking for yield pickup. these are the tools that you can take advantage of. alix: at the same time, -- said yesterday, "the u.s. is likely to follow emerging market economies that have not seen a high in there markets for more than a decade." is that going to be the stagnation conversation among economists as we come out of this? forget a letter recovery. michael: a lot of people are beginning to feel that way. when they look at the trajectory of all of this, they are saying ,hat we see is a very fast drop a big drop in global output in the month of april and the first and second quarters, but how fast we get back is hard to tell because we don't know how long this disease will go on. at the same time, what are people going to want to buy? do they want to go out immedia

curva de contagio de covid-19, pero esto, no significa que las cosas volverÁn a la normalidad pronto, damianguntas. (hablan en inglÉs) el ejecutivo, pre dice el oficial de salud pÚblica emitirÁ otra Órden para finales de abril. (hablan en inglÉs). dice la nueva orden anuncia una nueva fase de la pandemia. que. (hablan en inglÉs). le preguntÉ si cree que se alargarÁ la orden de distancia social y dijo que sÍ. (hablan en inglÉs). me contestÓ que como mÉdico no podÍa decir que es la verdad ya que en realidad, no podemos esperar nada hasta tener la vanning narco dijo que no espera ver ningÚn evento deportivo en el estadio levy hasta enero, damian trujillo, noticierotelo 48. congresistas en washington continÚan en lucha por aprobaciÓn demÁs fondos para pequeÑos negocios. >>> y continÚa descenso en termometro y posible presipitaciÓn, detalles en instantes. esta tarde debate de ra aprobaciÓn demÁs fondos para pequeÑas premisas, foven tos que ya se han agotado, sara alexis nos cuenta mÁs >>> esta tarde, koven dpre zeus esta vicente gonzÁlez sostuvo una conferencia de prensa donde hablÓ de varios tem

damian grammaticas, bbc news, madrid. a murder investigation after a baby girl and a three—year—old boy were stabbed to death at a property in ilford, east london. police were called out in the early evening to reports of a man and two children injured at a home in aldborough road north. our correspondent charlotte gallagher is here. charlotte, what do we know so far? well, as you said, police, paramedics in the air ambulance were called to this home at ilford at around 5:30pm this evening. a % around 5:30pm this elem girl

damian: yes, i do.hink they met expand the facility to include even private level mortgages, perhaps even commercial real estate clo's. rating firms are going to downgrade all of these aaa rated securities in mortgage land, and those are the ones that currently qualify. if they are all downgraded from aaa, they are going to have to adjust their program and start expanding it. that is perhaps one of the reasons we are hearing about these private it would he players circling the market. alix: we've been hearing a lot about investment grade, too, what happens if they lose their credit rating. one last quick question for you, taking a look at the dollar falling off a cliff today, do you feel like we can finally fight the up dollar trend? are we going to go lower in the dollar, which would provide really for the markets? damian: it is hard to say because ethics is not like any other market. we can't really say if this is short covering as well, solar to equities. everything is up versus the dollar today, inc

de noticias telemundo.com que ha investigado y ha escrito sobre el caso de wilmer barrios damiÁn quÉs por ahÍ volviendo del trabajo Él lo que hace es podar Árboles pero en esta ocasiÓn el permiso de trabajo estaba expirado y que lo detuvieron y acabÓ en una estaciÓn de patrulla fronteriza. en la comisarÍa 3 dias Él dice que sin las medidas de seguridad necesarias para el covid-19. y para este virus, y a wilmer que ahora vemos en imÁgenes al cabo de 3 dÍas de madrugada delante del muro fronterizo y como decÍa en el video un agente fronterizo Él suplicaba ser deportado pero que lo empujÓ a tijuana lo llamativo de este caso en toda la descripciÓn que hace siempre hay patrulla prrtr fronteriza involucrada. >>> es legal esta detenciÓn y deportaciÓn por parte de la patrulla fronteriza?. >>> lo venimos contando desde hace dÍas verdad la patrulla fronteriza lo decÍas tÚ al iniciar tiene poderes especiales durante la crisis del coronavirus lo que dijo la casa blanca por momento que era expulsar inmediato a los reciÉn cruzado en la frontera no el caso de wilmer que lleva dÉcadas en el paÍs. su

damian? >> leaders across the nation say we can't begin to normalize things without a testing mechanism, and that mechanism arrives this morning in force in san francisco. the event will take place in the mission district and it will be a big step in beginning to normalize the everyday life in the mission, and it's headed by the infectious disease researchers and community partners. this is voluntary testing, and the target is beginning between sound bend where flyers were passed out in the area. the data has shown that so-called minority communities are being hit the hardest by covid, especially the latino mission. it will run for four days. similar testing has taken place in the community of bow leanious. those that test positive will get the assistance they need. this will be a huge step for the mission, and it's a four-day effort and runs until 5:00. >> yeah, more testing is the big goal. thank you, damian. >>> and san francisco is expanding testing to san francisco city workers. >>> medi

damian, how is it looking out there now? >> reporter: marcus, it's not as busy as it was yesterday at the cathedral of faith. here we are at st. lucy's parish in campbell. they still have a lot of food boxes left. it looks like the cars that were lined up have come and gone with a couple of food boxes here. many people were lined up early, since before 8:00 a.m. this morning. and the giving so far continues, volunteers here are waiting for folks who drive up. this food giveaway is put on by catholic charters and they alternate parishes day to day. here they're expecting 400 people. they know more may have been on the way so they're standing by here. the need is great, people who lost their jobs or whose social security checks aren't enough to make ends meet. catholic charters called the entire region a disaster zone, so they will help anyone who drives up, together with second harvest food bank. catholic charters is helping thousands of people every week, new faces who never asked for a handout before but who find themselves

damian trujillo, and his photographer, mark, out to bring you information.s is what they look like. they go with masks and have gloves on. and they have creativity to get interviews to stay safe. think stay at least six feet away. you see the extender microphone that damian is olding there, and lance lou is using his time at home decluderring. he found a way to recircle his t-shirt pile making masks. he posted his step by step guide. and chad snook makes yards signs, that you see in political season or used in real estate. now, he is creating the stay home signs. the message is here. now they on lawns all over the trivalley and others are coming in from other states. and portions of the proceeds will go to other business owners had that have are before forced to close. everyone is working a little differently now. so we can still answer your calls. and we are monitoring our system 24/7 to ensure that we have a fast reliable network, keep the customers connected, go to xfinity.com/prepare. thank you. nissan has been with you through thick and thin. we're offe

damian, this keeps changing every time we get one of these orders. >> the river glen park here in san jose is popular with a lot of dog w popular with everybody else the last couple of weeks, people trying to get out of the house. under the new rules, all parks are now closed at least until may 3rd. >> under the new rules, this is not allowed anymore. in fact, all parks in six bay area counties will be closed indefinitely. the new order to stay home at least until the beginning of may even as see cases might with leveling off in santa clara county. >> the goal is to decrease the number of contacts that each of us has with each other. >> santa clara county public health officer says this is not the time tos, playgrounds and other rec areas. essential businesses also must provide hand sanitizer to shoppers, limit the number of people inside the store at one time, and create and post specific social distancing rules in their stores. >> this will help ensure that even those places that do need to remain open are adhering to careful guidelines and thoughtful guidelines specific to their ow

joining us is bloomberg's michael mckee and damian sassower.et's set up the stage for the fed today. michael: the fed is the second item on the agenda today. the opening act, gdp for the united states. the consensus is for 4% annualized drop. we will see if it is worse than that. but wall street will kind of shrug that off, looking more at the components to see how fast the decline was in various areas to get an idea of how bad it is going to be in the current quarter. then we go to the fed. they will decide what they are going to do, eight's probably nothing because they have done so much already, but look for some discussion from jay powell in the virtual press conference this afternoon on where the fed thinks we go from here. do they think we need to add more stimulus to the economy? do they think we are going to be doing this for a year, two years? a lot of the programs they set up are supposed to expire september 30. do they think they will have to go longer than that? some questions about where to invest in the future, but not a whole lot

did something with that money that is going to -- that's going towards a good cause. >> reporter: damian trujillo, nbc bay area news. >> that's nice. stuff like that is contagious in a good way. if you don't need your money, donate it. >> sew gracious of them. >>> let's turn thing over to meteorologist jeff ranieri. jeff has been giving us a lot of tips on how we can spend our time and you've even got like we can build a thermometer now this weekend, an activity. >> is that back by popular demand? you guys want to see that again? >> yes, of course. >> all right. i will load that up in my graphics here for the next hit in 25 minutes. but i'm also going to tell you a little bit about some seeds, some things you can plant now that are great for our microclimates. not that i'm trying to just give you stuff to do, but maybe some useful stuff, not just anything. all right. it's friday. it timely feels like the weekend could be around the corner where some of us are able to unplug for a little bit and get away from that home schooling. we do have clouds rolling in but eventually there's going t

damian grammaticas, bbc news, madrid.ly now, the worst affected country in europe. italy's prime minister, giuseppe conte, has announced an easing of his country's coronavirus lockdown measures from next month. he says takeaway food outlets can reopen, and visits to relatives in small numbers can resume. but schools will remain shut, and social distancing will be in force for months. here's our correspondent in rome, mark lowen. it's almost seven weeks to the day, tomorrow will be seven weeks since italy became the first country to impose a national lockdown since the coronavirus pandemic began and now giuseppe conte has laid out a roadmap for unlocking italy. 0n the fourth of may, there will be various things allowed — parks will reopen, funerals will be allowed to resume, albeit with a maximum of 15 people. bars and restaurants will be allowed to offer takeaways again. manufacturing, construction and wholesale business will be able to restart. people will be able to move around again within their own regions, but not be

damian grammaticas, bbc news, madrid.g week. some businesses and schools are set to reopen — but the country's borders will remain shut, and public gatherings will still be banned. our africa correspondent, andrew harding reports. a month under lockdown now, one of the strictest in the world. in a country many feared would quickly be overwhelmed by the virus is proving to be astonishingly successful at holding it at bay. this is very effective and most of the people are wearing masks, most of them are sanitising and most of the people are staying at home. south africa's president hasn't got everything right... laughs. ..but as he tours new emergency facilities and prepares to nudge open the economy, you can feel the optimism growing here. i've been hugely impressed with the level of preparedness. but that confidence comes with a warning. we're going to be reaching a peak somewhere later in august and in september where we will need lots of hospital beds. so, how has south africa kept the nationwide death toll below 100 so

damian? >> reporter: well, janelle, this is the emergency operation centers where a lot of tough decisions are made. dr. cody told me that although the numbers appear to be leveling off, we are still not out of the woods. >> we still don't have widespread testing. >> this is what the new normal looks like. today's interview done remotely, over the computer, from the back of my pick-up truck. we started with a question on the top of everyone's list? >> have we bent the curve, doctor? >> i don't think we peaked. what i can tell you is that we have slowed things down. so for example, it you look at the beginning, like right around where we put the shelter in place order, the curve, it was growing fast, right? it was, the numbers were going up quite a bit every day, and now that we've had that order in place, for more than two weeks, what you can see is that the growth has slowed. so we're still growing but we're not growing as fast. >> so what will be your bench mark? what you are looking at whe

damian grammaticas reports.ning. queueing for hand—outs to fill empty stomachs. a new wave of suffering brought by the virus is gathering force. norma, a cleaner, has lost all of her work. 300 euros a month is what she‘s left with. the poorest being hit hardest. translation: the people whose house i was working at told me, "don‘t come any more until this is finished. " now i don‘t know if i can even afford to pay my rent. the little she gets she shares with her brother. his work submitting flyers to homes has dried up and there are four in his household to feed. even in the worst of spain‘s economic crisis, those on the margins could find odd jobs — not now. assistance from others is all that‘s left. translation: every day we pray for help for the nation's volunteers and thanks to god we're getting them. it is a miracle. a miracle is what many of spain‘s businesses need too. the plan is they will start reopening next month but customer numbers must be limited. cafes can only serve outdoors. businesses, shuttered

damian trujillo, nbc bay area news. >>> so impressive, rosy the riveter. look at her. >> how wonderful is that? >> how wonderful is that. >> and they didn't get rained on i don't think in the parade. know he there were sprinkles in the bay area today. jeff ranieri joins us with a look at the weather. >>> the weather the past couple of days, definitely a little bit more gloomy than we were used to but lots of sunshine moving in. so hopefully a lot of you had some time this weekend to kind of unplug from the work from home or the home schooling, and you're ready to go for the new week. so i know this is kind of our new normal for at least right now. but do know we have some more 911 coming your way. and let's bring you outside to our doppler radar and satellite, and there has been some hit and miss showers across the bay area. nothing big. nothing major was expected. and right now, we're seeing the bulk of this, over marin and napa and sonoma counties, on the very northern fringes so as we zoom in to get a closer look, you'll see over cloverdale, clear lake

nbc bay area's damian trujillo spoke with a daughter who was worried about her father getting sick. >reporter: he just turned 90. antonio rodriguez worked hard all his life to support his family. >> my dad is an immigrant. he raised a beautiful family of three children with my mother. >> reporter: antonio is now in advanced stages of alzheimer's at the valley health center in santa clara. in early april a letter arrived saying a former resident tested positive for covid. days later another letter saying three staff members also had it. then over the weekend, the state released the raw numbers. a total of 63 people at valley house have coronavirus. >> it is very stressful. it is sad. it's nothing i've lived before. >> reporter: the new state numbers show 34 nursing homes in seven bay area counties have confirmed cases. family members say they want more transparency. how often are residents being tested? have any residents died from coronavirus? information that is still not available. >> but it is very alarming and upsetting to see this in the news and read reports in the newspaper and

damian grammaticas, bbc news, madrid.briefing today started with "relatively good" news. new york state reported 367 new deaths from the coronavirus which is its lowest daily total since march 30. governor cuomo said construction and manufacturing would be the first businesses to reopen and could restart after may 15 in the upstate region with certain precautions and if cases continue to decline. and what about the rest of the us? a senior doctor on the white house covid—i9 task force says she believes social distancing will be needed throughout the summer. vice president, mike pence, said on thursday that the epidemic would be mostly over by the end of may. in an interview on nbc‘s meet the press, dr deborah birx said the fact that coronavirus cases in some cities appear to have peaked gave her hope. it's very much based on detroit, louisiana and other groups, and then looking at seattle that never really reached a peak and has never really had a large outbreak and trying to understand what we can do as a people to ensur

damian grammaticas, bbc news, madrid.nnounced an easing of his country's coronavirus lockdown measures from next month. he says takeaway food outlets can reopen and visits to relatives in small numbers can resume. schools, however, will remain shut and social distancing will be in force for months. italy has been in strict lockdown for seven weeks. the pandemic is another public health challenge for drug users in scotland, who before coronavirus were dying at the highest rate in europe. now a gp in edinburgh has put together a package of support, including getting medical students to deliver methadone prescriptions to those who can't leave their homes. 0ur social affairs correspondent michael buchannan has the full story. in these strange times, drug workers have become vital couriers. delivering methadone to heroin users who have to isolate. can you confirm your date of birth, please? could you take a step back? we'll leave that for you. it is all part of a huge effort to protect some of edinburgh's most vulnerable resid

damian grammaticas, bbc news, madrid.ment has launched a coronavirus tracing app which uses bluetooth signals to log when people have been close to someone who may be infected. the health minister, greg hunt, said the app would help australia get back to normal, but it's been criticised by civil liberties groups as an invasion of privacy. mr hunt, however, insisted that the data gathered by the device would be accessed only by state health officials. the announcement comes a day after the country had to shut its beaches again following a lack of social distancing measures there. there remains concern among care providers about testing for staff and residents in care homes in england. the bbc has spoken to more than 200 providers, and three quarters say none of their staff has been screened. access to testing for residents also appears to be patchy. the government says more people will be tested. here's our social affairs correspondent, alison holt. at harbour house residential home in dorset, they're keeping one of their

damian grammaticas, bbc news, madrid.r, giuseppe conte, has announced an easing of his country's coronavirus lockdown measures from next month. he says takeaway food outlets can reopen, and visits to relatives in small numbers can resume. but schools will remain shut, and social distancing will be in force for months. italy has been under strict lockdown, for seven weeks. here's our correspondent in rome, mark lowen it is almost seven weeks to the day since italy became the first country to impose a lockdown since the coronavirus pandemic began and now giuseppe conte has laid out a roadmap for unlocking italy. on may four there will be various things allowed to reopen — parks, funerals will be allowed to resume with a maximum of 15 people. bars and restaurants can offer takeaway again. manufacturing, construction and wholesale business will restart. people will be able to move around again within their own region, but not beyond, and they will be allowed to visit family members but will have wear face masks and no large s

let‘s talk to the senior conservative backbencher damian green.er theresa may and her deputy for an extended period. thank you for being with us on bbc news. you know a lot about how governments prepare for potential emergencies. i want to talk a bit about that and the concerns raised about preparedness ina concerns raised about preparedness in a moment. picking up on what gavin williamson had to say about personal protective equipment, i suppose the government must rather regret having talked up this techie delivery yesterday as coming today when it hasn‘t been delivered? delivery yesterday as coming today when it hasn't been delivered? -- turkey. deliveries around the world are always complex, i understand the raf is waiting for it, the problem is at that end and it will arrive tomorrow. it is delivering the extent of the ppe required is of course complicated and the expansion of the number of places that receive it and need it is huge. the government is used to delivering it to roughly 230 hospitals around the country. there are now 58,000 diff

damian grammaticas reports.are lengthening. queueing for hand—outs to fill empty stomachs. a new wave of suffering brought by the virus is gathering force. norma, a cleaner, has lost all of her work. 300 euros a month is what she's left with. the poorest being hit hardest. translation: the people whose house i was working at told me, "don't come any more until this is finished." now i don't know if i can even afford to pay my rent. the little she gets she shares with her brother. his work submitting flyers to homes has dried up and there are four in his household to feed. even in the worst of spain's economic crisis, those on the margins could find odd jobs — not now. assistance from others is all that's left. translation: every day we pray for help for the nation's volunteers and thanks to god we're getting them. it is a miracle. a miracle is what many of spain's businesses need too. the plan is they will start reopening next month but customer numbers must be limited. cafes can only serve outdoors. businesses,

damian: the u.s. dollar appreciation move in march triggered a wave of reserve selling from large central banks across em. china and brazil alone each sold over $100 billion of u.s. dollar assets in march alone. that could be a function of reserve rebalancing, but more likely due to fx intervention. we are going to see more extraordinary measures by emerging market central banks to keep their fx in line. we have talked about qe-like measures, but we we -- but what we are also seeing right now is mmt, modern monetary theory. we saw purchases in the market effectively monetizing debt last week. qe is one thing. buying bonds in the secondary market. but literally inflating your rate by per does baiting in the primary market is an area for emerging-market central banks that could be devastating if things go wrong and inflation picks up. alix: will it? what would have to happen for that to go wrong? well, i think it is safe to say that u.s. inflation has a stronger growth sensitivity than the eu. if growth

damian grammaticas, bbc news, madrid. italy now— the country has reported its lowest coronavirus death toll in over a month as the government prepared to announce a gradual easing of the country's lockdown. the 260 daily fatalities reported by the civil protection service today were the lowest since march 14. italy's covid—i9 death toll now stands at 26,644, second only to the united states. the australian government has launched a coronavirus tracing app which uses bluetooth signals to log when people have been close to someone who may be infected. the health minister, greg hunt, said the app would help australia get back to normal, but it's been criticised by civil liberties groups as an invasion of privacy. mr hunt, however, insisted that the data gathered by the device would be accessed only by state health officials. the announcement comes a day after the country had to shut its beaches again following a lack of social distancing measures there. there remains concern among care providers about testing for staff and r