right are we dealing with some spin here talk about that in a lot more i'm joined tonight by ian bremmer he's president of the global risk assessment group eurasia and g.'s iraq media he joins me from new york city it is good to have you back on the the day to be as important i guess to remind our viewers that donald trump has accused the w.h.o. this week of failing to warn the world in time about the hand demick he's been accused of scapegoating the w.h.o. trying to deflect blame that he waited too long to prepare for the outbreak is this statement trump white house spin. there's a lot of spin going on and there let's be clear there's a lot there's more than enough blame to go around for all all of these organizations the world health organization is not perfect it was carrying water for china in the early days when when the chinese government was covering up the human to human transmission the world health organization was passing along chinese data. in an uncritical fashion and they know better but it's hard for them because china is also a major donor to the w.h.o. of course the trumpet m

still ahead, ian bremmer will join us. we'll discuss what henks the impact of the virus will be on global politics. that's still to come ever since we've gone mobile on the now platform, something's gotten into the office. i hear you. feels like there's no barriers between departments now. servicenow. the smarter way to workflow. i know that every time that i suit up, there is a chance that that's the last time. 300 miles an hour, thats where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me that i'm protected. during turbulent times, consider protected lifetime income from an annuity as part of your retirement plan. this can help you cover your essential monthly expenses. learn more at protectedincome.org . >>> 23 minutes left of trading stocks are higher. a 1.3 gain for the s&p 500 about a 1% gain for the dow. technology is the leading sector, but all sectors in the s&p are higher right now real estate doing the least well of the group energy is the only sector that is higher though for the week with stocks set to

david: ian bremmer, thank you. delighted to say that he will be staying with us on bloomberg radio.loomberg. ♪ david: welcome back to "balance of power" on bloomberg television and radio. i'm david westin. we are taking a look at gm, which is shoring up its balance sheet, deciding to suspend dividend and stock buyback plans. to explain it to us, we are joined by abigail doolittle. this is a bit of a defensive part on gm. they are extending a credit revolver. extending to 2022. they had to suspend the buyback and the dividend. this is not new. the auto industry has been in a tough spot the last couple of years. over the last two years, there was not a buyback, but the amount given back to dividends was significantly lower than the two years before that. all of this is consistent with other moves they have made recently. nearly 70,000 workers having to defer pay for six months. they also laid off a number of people. pay cuts. also taking the stock had been down lower outier, but jpmorgan came and said this was a smart move, and now we have the stock trading higher. david: this is an i

we heard from china's ambassador to the u.s., he was speaking to the eurasia group's ian bremmer, chinaill committed. the deal includes buying and theyral products, are continuing to remove restrictions on foreign companies in the domestic financial market. we saw that with financial players able to increase ownership camps in the last few weeks. that was the ambassador to the u.s. saying it is still being implemented by the chinese. mackenzie in beijing. let's get you a check of business flash headlines. if as we watch what is going on in oil markets. kia motors is suspending production of three plants in south korea as the coronavirus slashes demand for cars. two of the factories are closed and the other 300 kilometers to the south. upcomingiscuss the earnings season, what that could look like. 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 other trolls. how different can they be? our brand-new service that lets you watch all the latest movie releases from the comfort of home. trolls world tour availab

ian bremmer says this epidemic is accelerating the future he'll join us next to explain. >>> plus, he's not a household name, but he's making big waves in the oil world why his ideas artangheduryy e kt inst bstorm. >>> welcome back stocks continue to move higher the dow is up 565 points, that's 2.4%, still off the absolute highs of the session, but some pretty nice gains. the s&p up 2.5%. the nasdaq up 1.4% it's the laggard today in terms of the sectors, all 11 are higher financials, utilities, and real estate leading the way 6.5% gain for the financials today. jpmorgan not surprisingly leading the dow, boeing as well, and disney up there in terms of leadership for the blue chips today. all of this following the fed's big announcement this morning. we also have some big moves to the upside in retail with gap, kohl's, macy's and nordstrom's seeing gains of more than 10% today and the cruise lines are also surging norwegian, royal caribbean and carnival up double digits, up about 20% in norwegian's case. and finally, take a look at shares of ford, which are soaring today, because the fed

maria: so ian bremmer how does united states and china operate going forward? you know the president walks a balance when hethis he wants china to keep its commitment to apply 250-billion-dollar worth of commodities other stuff from united states but we know china wants to unseat the united states as number one global superpower on economic basis, on a military basis as well. what do you think the u.s. needs to do, to -- go into this agreement with eyes open bottom line? >> i think trump's response first of all, those clips that you showed completely accurate i think trump's response to china directly, has been appropriate. you know. once he spoke with xi jinping, not calling it china virus anymore but certainly he understands who is responsible for the initial outbreak he shut down travel to china appropriately early he when other countries didn't, chinese government complained about it did save lives in united states, with whine i think trump's eyes are open the problem is that trump isn't actually providing leadership with american allies, if we want our allies to have their eyes open, with china, the sa