their use to the imf. it is called catastrophic containment relief trust and we have been getting support from the u.k., japan and others so we can do what you're saying, provide that relief vis-a-vis our own obligations. beyond that, we are also calling on official creditors to countries, either countries, many of those are our countries in africa, to provide much needed space for countries to address their immediate priorities by a standstill on that service to official creditors for a period of one year. and i can tell you that i have been in touch with many of the leaders in africa. i know how important it is right now to stand up and support africa. build a bridge over what is such a dramatic drop in their economic performance. >> thank you very much ms. georgieva. and thanks to simon for this question. we will go now to randy from al jazeera. randy, can you hear us? reporter: yeah, i can hear you now. thank you. >> please go ahead. reporter: my question goes to ms. kristalina georgieva of the imf. i'

what the imf is thinking about.orst-case scenario is a ,ingering and rolling lockdown a return of the rolling lockdown. do you think equity markets are riskred for or pricing the of rolling lockdown? jim: can you hear me? can you hear me? it is manus in dubai. jim: i can hear you. manus: ok. we will fix the side issues. in the meantime, we will take you through a little bit of what's going on in the markets. i think the risk of a lingering and return to a rolling lockdown, let's check in on the markets. here you go. this is what we have for you in terms of the equity market this morning. trying to absorb the implosion of 3% in global growth in this year. to imf warned -- think back 2009. that was a contraction of 0.1%. economyey say that the will grow by 5.8%. nejra? nejra: it's really interesting. one thing that i would comment as well as that there is a great story on the bloomberg talking about the fact that investors and traders seem to ignoring a lot of the data and actually just focusing on the potential rebou

earner can of turkey has called the imf the world's -- erdogan of turkey has called the imf the world'siggest on chart. would he be able to turn to them? the -- turkey today does the emerging markets of 1997, where there was a huge need for external borrowing, or for that matter latin america or argentina over the last few years. it goes back to being a corporate debt problem, one of needing to repay back corporate loans, and that in turn is one of liquidity. so let's wait and see over the next few months. but i don't think it is a foregone conclusion that turkey goes to the imf. guy: conversations already happening in the turkish papers, which is an indication. norge, stick with us. george saravelos of -- george, stick with us. george saravelos of deutsche bank. and live events that we bring you as well. and of course come you can interact with us directly. tv . this is bloomberg. ♪ tom: good morning, everyone. number surveillance. tom keene in new york, guy in london. a longer weekend, no question about that. the data is a jumble. we want to note oil up a dollar, brent crude the 3

if this projection materializes that could be worse if the virus is going around the world. >> the imf has warned asia will come to a complete stand still for the first time in six decades. the impact will be severe and unprecedented. citing the effects and saed weakness in china would weigh most heavily on the region a look at the asian markets. some there saying we have not seen enough support in the form ever stimulus. modest stop side for the chinese markets. >>> 5 million americans are expected to have filed for unemployment new weekly claims topped 6 million. the u.s. will have lost as many jobs as created since the financial crisis the figures were released before u.s. markets open up today >>> president trump says the country has seen the worst of covid as plans to reopen the economy pushing for some states to reopen by the first of may. >> the data suggests we have passed the peak on new cases hopefully that will continue and we'll continue to make good progress these encouraging developments have put us in a very strong position to finalize guidelines for states on reopening

imf will release its outlook and hold its meeting virtually for the first time.e will also get an indonesian rate decision, unemployment out of australia and setting up for china's epic contraction on friday. let's bring in the moody's analytics economist joining us from sydney. not just the gdp, which we are expecting a contraction of 6% year on year but also trade them a home prices, domestic activity indicators. i am wondering how much of the bad news has been priced in, because we know the last quarter is going to be terrible? china's economy was knocked off course by the coronavirus. we are expecting gdp will come in with the contraction of 4.6% in march and that follows the 6% expansion in december. it has been a swift deterioration for china's economy. what is important to note is with the march activity data we are expecting later this week, we should see some improvement. we are expecting that february was the brunt of the economic impact for coronavirus on china's economy. we saw a really significant double-digit deterioration across the suite of activi

it was meant to be the second day of the imf meetings. they are still virtual.k more about those meetings with vitor gaspar, the imf fiscal affairs department director. this is bloomberg. ♪ viviana: you are watching bloomberg "surveillance." royal dutch shell is sending a bold target on -- setting a bold target on cleaner energy. bulkwant to get rid of the of greenhouse gases. follows similar moves by others. long-term job cuts and travel demand is essentially zero. united plans to further cut at scheduled to roughly 10% of capacity. this had once been the plan for 2020. the parent of google will slow hiring for the rest of the year, the most drastic action alphabet has taken yet. the ceo says alphabet is looking at other ways to cut costs, among them rethinking travel and investments. that is your bloomberg business flash. tom: thank you so much, greatly appreciated. he is truly one of the world's experts on this burgeoning debt, vitor gaspar, and portugal has never seen this. we are thrilled he could join us this morning. this is in none of your textbooks and

you spoke with the imf chief economist.k us through these dire projections. >> everyone was prepared for grim numbersimoming from the but evenconomists there were struck by what they were seeing. yes, we are talking about a contraction of 3% this remember, a few months ago, the imfctas preg the global economy would grow by 3.3% this year. so this is an abrupt turnaround. ooif youat individual economies, they expect the u.k. economy to shrink by 6.5%. they are looking at the united states. the economy here will shrink by 5.9%. in total, the imf is estimating $9 trilliony worth of moill have been lost in the global economy. these are just staggering figures. >> absolutely aggering, you are right. there was some partial recoveries rejected for 2021. edid the imf give any m details on how the earthan recover from this? >> if you look at their predictions for how the global economy will recover, it looks pretty good. grthe imf is predictinth in 2021 will be 5.8%. for the united states, they project that to be 4%, similar . the u

imf policye recommendations we know of? most interesting things, the imf is coming up with recommendations for the poor nations to deal with the impact of the coronavirus crisis, but i was interested to see and hear what this person would say. he is the asia-pacific director at the imf, giving his presentation. asia, he saidn zero growth for asia this year, the worst in 60 years, worse than the financial crisis of 1998. the region as a whole, there is big headwinds. the real sector, manufacturing, services he said, were hit very hard by the containment measures. we know including china many countries, a lot of exports are manufactured goods. services have become a bigger part of the regional economy. asia is export driven. you have a global recession, the u.s. contracting, the eurozone contracting. you will get this export driven growth hit by the virus driven global slowdown. in to this with china's economy already in slowdown. china is the driver for the region and the world. this is another reason why he asia.ero growth

the imf says 2020 could be the worst year for the global economy. overcrowding amid the pandemic. opposition parties say antigovernment critics are being kept behind bars. smugglgling women from nigeria o italy to work as sex slaves. now a dw news investigation helped to bring those human traffickers to justice. our viewers on pbs and the united states, and all around the world, welcome. we begin with a bleak forecast, the likes of which the world has not seen since the 1940's. the international monetary fund says the global economy is on track this year for the kind of downturn since the great depression. it is written today with far-reaching measures. >> mid lockdowns, business shutdowns and travel restrictions due to the covid-19 pandemic the outlook is bleak. before the pandemic emerged as a grave threat to public health and economic activity, the organization was expecting 3% growth in 2020. the imf's chief economist says that the current measures to contain the pandemic make a severe slowdown unavoidable. >> this is a deep recession. it is a recession that involves solvency

that is the imf managing director kristalina georgieva. still ahead, our exclusive interview with airbus ceo guillaume faury, who says the industry is facing its greatest crisis due to the coronavirus pandemic. this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson, with vonnie quinn in new york. this is the european close on "bloomberg markets." here with the details, abigail doolittle. abigail: an hour ago, mixed to the upside and downside, but now the bulls are really trying to take it. the s&p 500 now up 0.6%. an hour ago, it had been down 0.6%. stocks in europe doing relatively well. the stoxx 600 up 0.8%, the ftse 100 up 0.7%. investors continuing to digest the dismal economic data we have had of late as the new reality, the bulls are taking it. where we have some bearish action is the euro. on the dollar -- against the dollar on the week, down. investors going into the dollar on the dismal economic data, so something to pay attention to if europe continues to decline. not really a risk on signal. take a look at the commodity compl

country -- the imf thinks 9.2%.traction in all of the major economies of the world before a rebound that will not be quite as strong next year. the euro area probably shrinking 7.5% in 2020. we also got estimates from goldman sachs, looking at a 35% decrease in the first quarter of this year. the negative numbers keep getting worse. i also wonder, and we can dig into this later, is what kind of policy support and fiscal support all of this is calculated on. michael: they are looking at what we have got so far. i have not read the entire world economic outlook, but most analysts think we are going to need more. in the u.s. they are already talking about it and in europe they are just coming up with a plan. we know the chinese have been doing a lot. the world is trying to stimulate but we are not at the point where stimulation matters. we are putting a floor under things. it is not an easy thing to say where we will be next year. or just right now. zandi,ining me is mark movies economics chief economist. you've been h

the imf thinks less developed economies will fare better.atin america is warned to expect a comparatively small 5.2% drop. there is hope, the imf predicting a 5.8% global rebound next year. >> from the international monetary fund, a warning. >> this is a crisis like no other. is substantial uncertainty about the impact it will have on people's lives and livelihoods. >> unemployment lines grow around the world as manufacturing grinds to a halt in many sectors and businesses are forced to close. the app and -- the economic impact of the covid crisis is biting. the imf issues reports on the global financial situation. three months ago they predicted and widespread drop. >> we are projecting global -3%.h in 2020 to fall to this is a downgrade of 6.3 percentage points from january 2020, a major revision of our -- over a short time. this makes the great lockdown, the worst recession since the great depression and far worse than the global financial crisis. >> one of the biggest drops will come in the eurozone which is expected to take a hit of 7.5

supporting component the authority of the imf to borrow.demand is, make sure we have the resources, the $1 trillion i spoke about, and now we do. when we look into the future, if this crisis continues for a longer period of time, and this is the uncertainty we are wrestling with, or if there is a second wave of the epidemic, which epidemiologists are saying is not completely out of the question, then we need to look into further picking up the resources of the international monetary fund. to explain to the viewers, the sdr is a fast way to provide liquidity to all countries. shock into after the thousand eight. -- in 2008. in 2009, there was a boost of sdr's spread among the membership. it is valuable because many emerging markets find themselves hit by a health crisis. capital flying to safety, some $100 billion has left emerging markets. that makes the liquidity position of this country more challenging. ofthat moment, a mission sdr's can provide a much-needed liquidity boost. romaine: you were just listening georgieva.a let's turn to the

never in the history of the imf have we witnessed the world economy coming to a standstill.y worse than the global financial crisis. sorry, we're closed. this business in the heart of london is one of many which has been forced to lock the doors until further notice. covent garden is almost unrecognisable. no shops are open and no—one is there spending money. that's because roughly 4 billion people around the world are now under some kind of stay—at—home order. according to the international monetary fund, more than 90 countries have applied for financial assistance. the organisation has the capacity to lend $1 trillion which it hopes will be funnelled back into healthcare systems to put an end to this crisis as soon as possible. saving lives and protecting livelihoods ought to go hand in hand. we cannot do one without the other. with no real end in sight to lockdown measures in many parts of the world, there are fears the economic downturn will be so deep that it will take a long time to recover. but first, the world's population must recover physically and mentally from th

ass also a commodity crisis, pointed out by the imf.es of argentina, brazil, indonesia all commodity exporters. how badly could they be hit from here when things get worse? >> they are certainly in a very difficult position. it's not as though the countries that you mentioned were in a particularly strong position going into this crisis to begin with. defaults,issues with fiscal issues, a lack of reform in some countries. this is not the same like the united states or frankly japan, which is going into this crisis with high levels of cash, both on the household balance sheet side as well as the corporate side. my concern is the runway for emerging markets is not as long as it could have been and that is certainly something we need to watch out for. haslinda: are there opportunities though? we have indonesia among the market trading pretty cheaply. valuations priced among the cheapest. >>>> i agree with that. also, if you look at what's happened with intonation currency, it has come off quite a bit. you could potentially be buying qualit

>> good morning, the imf and world bank are hosting their semiannual meetings today virtually for a change where the world's central bankers and finance ministers are gathering in this moment of crisis i want to welcome the host, director kristalina georgieva. nice to see you. thank you for joining me >> nice to be with you, thank you for the invitation >> you just stepped off the stage where you were giving a news conference and in your final appeal to world leaders you said, everything is on the table. what did you mean by that? >> well, it means that we need to follow the development of this crisis and be prepared to do more if that becomes necessary. right now the imf, thanks to the shareholders' wisdom is standing strong we have $1 trillion lending capacity, just as a reminder, prior to the global financial crisis, it was four times less it was $250 billion. and that quadrupling our capacity really makes a difference today we were able to immediately deploy emergency financing, actually double access for our members, so 102 countries knocking on the door of the imf for lifeline

give us a chatham house imf score.imf has done well flying under the radar screen unlike the g20 which is a more politicized environment. my score of the imf is a 7.5 and watching, because they seem to have stepped forward with a clear sense of the funding to be provided. if you have to go to another , an important and significant increase and the firepower they would bring to bear, you would have a political agreement. to the extent the executive directors, national of thentatives, the head imf are operating at the moment, they are doing as well as can be expected. some of these industries are to face thed crisis. to the publicay gallery is so much higher. tom: what do you hear from your team about the needs in washington from our fiscal effort and in particular for more direct income replacement? robin: the theme of income replacement is the steps taken in the initial package, two point 5 trillion dollars, giving people one-off payments does not provide certainty or security. tied -- tide large amounts of the america

imf's latest outlook has dire readings. what they said to policymakers to avoid mistakes of the great depression and to avoid the great lockdown recession. jonathan ferro got more answers. that theseline is besis, the epidemic, will concentrated in the second , thenr for most countries there will be a gradual removal after that. we will start to see initial signs of recovery in the second half, that is what is in our baseline. >> let's talk about where you see that more pronounced. are you seeing that being led by countries like china and the united states? is it a first in an first-out situation? epicenter of the pandemic and was hit severely in the first quarter. we have a very deep contraction with china in the first quarter. we have seen signs of recovery but it is not back to business as usual. what matters is what is happening in the rest of the world. containment measures have gone up in china but there are severe lockdowns in many parts of the world that have been extended and emerging markets are at the beginning o

we welcome the former chief economist for the imf, dr. maury ochs feld. senior fellow at the peterson institute. thank you for joining us. we had the g20 finance ministers me today. they were going to put a moratorium on payments on sovereign debt, something that was suggested in a peterson institute papers. is that enough to address the situation? help int is a great this situation. -- the poorer countries are going to be facing an and havinged crisis to deal with international debt ,epayments at the same time when there are such great expenditure needs and research needs and their economies are in trouble, would really be an undue burden on them. i think any sort of relief they can get during this crisis period is welcome. time, -- at the same time, they will need obviously,resources, for meeting the crisis. there are a number of proposals out there. one that we put forth was to the imfther issuance of special drawing rights, as was done in 2009. certainly the resources at the fund and the world bank will have to be fully deployed. you anticipated my qu

your lead story at the top of the sour was the imf -- at the top of this hour was the imf. example of a global organization trying to help out the economy, the people of the world, to make it through this temporary issue and trying not to make it into a longer term depression that goes on forever. that, and ipe from beingake hope from people very good at figuring out problems. the question is when. i don't know, and no one knows. alix: and that is a really fair answer. i feel like people that say they do know, we have to question that, too. when we have earnings season kicking off, which is going to have really bad numbers and rough visibility, how do you take all of that in? kim: well, let's talk about the economic data first. that, and my notes this morning, i said it is all going to be bad. do we really care if it is going to be $1 million over or under? there's a lot of people unemployed right now, and these numbers are going to keep rolling back in. thisouldn't care because is something that the sponsor to covid-19 has generated. it is not a mean reversion sort of scen

never in the history of the imf have we had that.taggering. but it isn'tjust that. it's happening in nearly every single country around the world as a result of the fact that this virus respects no borders. and it means that an organisation like the international monetary fund is saying to the world's finance ministers, now is not the time to worry about public borrowing. it's the imf that traditionally worries about too much government borrowing. are you saying that this is a time when finance ministers should not be worried about those things? governments should spend as much as they can afford and more. but keep the receipts! without stopping the pandemic, we simply cannot restart the economy to the fullest. that is what the government here is doing, extending the lockdown, but now also today extending the job retention scheme until the end ofjune, which could mean over £10 billion to help firms essentially pay to park their staff during the crisis. extraordinary times meaning extraordinary measures here and across the globe. fais

the imf warns of a so-called rate lockdown recession being the deepest in almost a century. it says the global contraction and subsequent recovery will be worse than forecast if the coronavirus is halted. outlookt world economic since the worldwide freeze, the fund predicts little gdp will shrink 3% this year, the deepest fall since the depression of the 1930's. in the second half continued the way they are now, then we are looking at severe downside scenario. global growth could fall to -6% in 2020, and that could be a time when financial conditions will be much tighter than what we are seeing now. matt: that's your first word news. asian stocks have fluctuated. u.s. and european futures are down as investors scour earnings reports for evidence of the impact of the coronavirus outbreak. goldman sachs group is up next to report today. morgan,& johnson, j.p. and wells fargo provided a mixed picture yesterday. let's look at the markets with simon flynt, emerging-market editor in singapore. simon, what does the earnings picture look like to you? simon: highly uncertain. the mos

the imf warns a downturn will be worse than the great depression. u.s. bank earnings get off to a pretty abysmal start. j.p. morgan and wells fargo announcing the highest loan loss provisions in a decade and a vote on the virus. south korea heads to the polls in an election seen as a referendum on president moon's pandemic performance. shery: we are seeing qe stocks gaining ground again, now at the highest level in over a month. and this after the u.s. really finished at a one month high for the s&p 500 jumping. we had gains in tech giants. u.s. futures at the moment under pressure, down 1%. nikkei futures not doing much right now. we have the japanese yen holding steady but this after four sessions of gains. we had safe haven demand as we continue to see concerns of the coronavirus outbreak. wti at the moment rebounding after plunging more than 10% in the u.s. session to the lowest level in two weeks. this despite that historic opec-plus agreement. closedave south korea today for parliamentary elections. happening right now, president trump having his d

you know the imf estimated that global gdp is going to shrink 3% this year.are that to 2009, charles, when the contraction of gdp was .1% and you can see the perspective that we have here. this is going to be a full-on ravages of quarterly and corporate earnings, and i don't think that we're really seeing that visibility yet, until we get the to end of the second quarter, when we see second-quarter earnings. first-quarter earnings have a lot of great stuff baked in there. we have lot of forward earnings that are positive. we saw bank earnings today from jpmorgan and wells fargo which both weren't great at all but they certainly talked a really great game how much money they were putting towards the reserve build. wells fargo $3.1 billion. jpmorgan, 6.8 billion. that is a whole lot of hope, right, towards anything going wrong and coming off the rally. we don't really know yet. we haven't seen the full stop of the great lockdown of 2020 is going to portend. charles: you know, stephanie, to that point, are you worried about the corporate bond bubble, the federal

it wasn't enough for the imf or the world bank to say "we are doing what we can.ou had to be able to say "we are doing whatever it takes" and to be able to do whatever it ta kes, you have got to be coordinated globally. this is a global medical emergency, this is a global economic crisis. both are happening simultaneously and they are happening in almost every continent of the world, and you have to be able to say to people "you may think that what i'm worried about is what is happening in my streetand my family and, yes, that's true, but what's happening globally is affecting what is happening in my family and the only way to prevent what is happening to our family continuing and being subject, for example, to a second wave of the virus, is to act globally." so, it's not one person. it's the general idea, that has gone out of fashion, that we should be cooperating when we have a global problem that is to be dealt with. global problems need global solutions and we don't need to rerun the debate between globalists and nationalists. we've got to persuade people issu

the imf plans to open unding to the world's poorest nations but the u.s.isn't happy saying special drawing rights is way to go. >> let's get a quick check on the markets. marks eeing japanese coming online. the japanese yen holding at about 107 level. of course, we've seen the in the yen weaken last two sessions against the u.s. dollar, but the yen could actually climb towards a hundred against the dollar in the next few months. f course, we have the safe haven bids as we continue to see the coronavirus outbreak around the world. japan expanding its state of emergency. look. south korea coming online. we've seen march numbers ent rebounding at 3.8%. drop for the a month of february, as we continue to see the negative retail and hospitality employment because of the coronavirus outbreak. now, we're seeing the 2% and korean in ing, after declines the market yesterday on risk hiding.iment >> yeah. in fact, looking at what we're seeing in this part of terms of in buoyancy across other major markets that we're seeing on the back of the u.s. rally, the o expecta

. ♪ anchor: the head of the imf said current projections for the global economy may be too optimistichas warned of a global recession not seen in our lifetimes. a few months ago, imf protected living standards would go up for more than 80% of the world, but then the coronavirus happened. >> now we are projecting 170 countries to see income per capita shrinking during 2020 a global recession we have not seen during our lifetimes i want to stressbe this ma actually a more optimistic picture than reality produces. stepidemiolo are now helping us make macroeconomic projections. never in the history of the imf we had that. ♪ anchor: in ecuador, figures suggest that thousands may have died from the coronavirus, even though the official tally is just over 400 fatalities. burial sites are being prepared to accommodate the dt in one province. the government there has reported 6700 deaths so far this month. those are not specificallyre ted to the coronavirus, but the area usuallydeeports 1000 hs. they say authorities have been unable to keep u with the huge rise end up with, keeping corpses in

for more on this as i mentioned i'm joined by the imf chief christine gave up thank you for speaking to us. so going to that first i just know t that some. what the african countries- have done a lot over the last decade. to boost their growth and improve their performance and some of the african countries h have outperformed the rest of the world for quite some time. now this is sudden stop the be gonna that to me is that these game is not onlnly can be lost but they could. and bob after all the being hit by cold and that you're disasters wait can do were did to be with all the top of it many could the law the with. that this farm it's facing a health crisis we were help and it crises the disco pie by locomotive prices for those that are a commodity x. by shrinking remittance. that you on the reams. this is may the situation in africa particularly serious and this is why in our spring meetings. focused attention worse and- africa. what are the key does that that focus attention mean what's your m. s. offering in terms of how out foror as the continent tackles the spread of coronavir

it wasn't enough for the imf or the world bank to say we are doing all we can, we are doing our best. able to say, we are doing whatever it takes, and to be able to do whatever it takes, you have got to be co—ordinated globally. this is a global medical emergency, this is a global medical emergency, this is a economic crisis. both are happening simultaneously and they are happening in almost every continent of the world, and you have to be able to say to people, you may think that what i'm worried about is what is happening in my street and my family what is happening in my street and myfamily and what is happening in my street and my family and yes that is true, but what is happening globally affecting what is happening globally affecting what is happening in my family and the only way to vent what is happening to our family continuing and being subject for example to a second wave of the virus, is to act globally. so, it's not one person, it's the general idea that has gone out of fashion, that we should be cooperating when we have a global problem that needs to be dealt with. 6loba

kristalina georgieva said that never in the history of the imf had the world economy come to a standstill. more than 90 countries have asked the organisation for help. now on bbc news — click. this week, dial—up internet, apple releases the ipod, very tight suits and very friends. it is click‘s 20 of earth day and these are our greatest hits.

. >> the imf and the world bank will hold digital software to hold a meeting. the global lenders will face a new reality of shuttered economies, collapsing trade and mounting unemployment. the world economy is suffering its worst recession since the 1930's with upcoming data set to reinforce the gloom. indonesia's tightening restrictions on cities around jakarta as infections top 4000. the philippines is ready to act again to support the economy in what bsp governor says is a once-in-a-lifetime crisis. crisis hasd the halted plans to open its stock market. ex-patss has sent fleeing. lockdownl extend its through the end of the month.

did the imf give any more details about how enough the world can recover from this?you look at their predictions for how the global economy is going to recover, it looks pretty good. the imf is predicting that growth in 2021 is going to be 5.8% for the united states they are projecting that to be 4% and similarforthe uk. but what they were very quick to make clear was that these are just projections and its projections that economists are basing on health and, you know, sort of the changing landscape with regards to this virus. so they need to be nimble in their projections as well as governments need to be nimble in terms of how they address the economic disaster that this is. so because this is just such a moving target and everything really depends onjust how well economies weather the health crisis. economies like stability, but that is not what we are experiencing at the moment. thank you. across the uk, there were 778 deaths from coronavirus reported in the last 24—hour period, most of those in hospital. and new officialfigures in england and wales suggest that

imf managing director joining us there.ywhere, secretary of state mike pompepepepepe in these uncertain times, look after yourself, your family, your friends. but know when it comes to your finances, we are here for you. what can i do for you today? we'll take a look at the portfolio and make adjustments. i'm free to chat if you have any more questions. our j.p.morgan advisors are working from home to help guide you through this. for more than 200 years, we've helped our clients navigate historic challenges. and we will get through this one... together. ♪ ♪ sprinting past every leak in our softest, smoothest fabric. she's confident, protected, her strength respected. depend. the only thing stronger than us, is you. guys! guys! safe drivers save 40%!!! safe drivers save 40%! safe drivers save 40%!!! that's safe drivers save 40%. it is, that's safe drivers save 40%. - he's right there. - it's him! safe drivers do save 40%. click or call for a quote today. ♪ ♪ maria: welcome back. heightened concerns this week on the origin to

the head of the imf has said the coronavirus pandemic had created an economic crisis like no other.stalina georgieva said that never in the history of the imf had the world economy come to a standstill. more than 90 countries have asked the organisation for help. now on bbc news, it's time to click. this week, dial—up internet, apple releases the ipod, very tight suits and furry friends. it is click‘s 20th anniversary and these are our greatest hits. welcome to click, i'm spencer kelly. 0n the sixth of april 2000, a plucky new tv programme hit the air, promising to talk about something that many people, many in the media thought was too scary, too nerdy — technology. no—one thought that programme would last more than a couple of years and yet 20 years later, click is still on air. just. because it's impossible to believe that we're celebrating our 20th birthday in a world that seems eerily similar to those dystopian sci—fi films that we geeks grew up on. like many programmes, we're going to find it hard to stay on air during the lockdown. but, for old times‘ sake, because it's our b

imf managing director joining us there.ywhere, secretary of state mike pompeo is up next joining me after this. you're first. first to respond. first to put others' lives before your own. and in an emergency, you need a network that puts you first. that connects you to technology and each other. that's built with and for first responders. firstnet. the only officially authorized wireless network for first responders. because putting you first is our job. prolonged recession. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. ♪ ♪ maria: welcome back. heightened concerns this week on the origin toes of the covid-19 pandemic, as i have spotlighted on this program and many others many times

the imf is doing everything they can. morocco are tapping their imf lines. see countries like myanmar and iran that don't have imf lines really approaching it for help in the current crisis, but there's still a lot on the table. zambia,ot argentina, ecuador, pakistan. there's plenty to look at with regards to the imf, and they play a critical role in providing assistance to those central banks that don't qualify with lines with the federal reserve of new york. alix: does that wind up fixing it? i say that tentatively because until the virus slows, it is hard to say if anything can really be fixed. but with heard reports in south africa that that the economy is just waiting for devastation. there's been no really for the low income workers that aren't even technically employed. when are we talking about this when it gets really bad for emerging markets? andan: a lot of investors practitioners have been saying that these em downgrades are priced in. we knew this was coming. yet the outflows are relentless off the back of the news, which means despite the fact

imf managing director joining us there., secretary of state mike pompepepepepe here's the thing about managing multiple clouds for your business. when you've got public clouds, and private clouds, and hybrid clouds- things can get a bit cloudy for you. but now, there's the dell technologies cloud, powered by vmware. a single hub for a consistent operating experience across all your clouds. that should clear things up. has stood strong through every dark hour and bright dawn our country has endured. it has seen the break in the clouds before anyone else. for the past 168 years, we've also stood by you, helping you weather storms like this one, to protect your loved ones. and we'll do it for 168 more. ♪ ♪ maria: welcome back. heightened concerns this week on the origin toes of the covid-19 pandemic, as i have spotlighted on this program and many others many times before, the only level iv biochemical super lab in china happens to be located in wuhan, causing many to believe that scientists were actually studying the coronavir

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after the break, a growing debate about imf funding is putting steven mnuchin against u2's bono. here's a check on bonds. another drop for treasury yields today. ten-year yields sitting around 0.6% we'll be right back. >>> welcome back with 30 minutes left of trading, dow ticking positive the s&p is up half a pe sent and nasdaq is up one and a quarter percent. nice recovery from this morning. russell 2000 still down 1.3% after another dismal shocking unemployment number where jobless claims rose more than five million last week three things drive iing the ancr new data showing job losses continuing at a staggering pace. add it up. it's now 22 million people in the last month filing for unemployment on top of that, the $350 billion emergency loan program to help small businesses has officially run out of funds and in new york, some hopeful cig lales as coronavirusals as coronavirus hospitalizations fall again seven states extending their shutdown into at least may 15th. >> a growing debate over special funding from the imf for countries in need and it's putting the treasury secret

i know the imf is trying to do that. i see that governments are trying to do that, think in new ways, and i really think private sector are being very creative in trying to find their way through, and also, we did not talk about it, but one of the things going on is a very active research in vaccines, in therapeutics, in health care systems that i think will have a positive impact, so we can all hope for that, and work hard on it, and we're trying to do that at the world bank. thanks. >> thank you. and thanks to everyone for joining us this morning. i know that folks are in tough time zones forgetting on press simplynces, so i would ask, in closing to stay safe and , healthy. thank you all very much. >> thank you. please stand by. david: thanks everybody. ,♪ " primehington journal time, a special evening addition of "washington journal," on the federal response to the coronavirus pandemic. mayorests are chicago lori lightfoot on her city and the personal response to the pandemic, and dr. moyne talks about the spread of t

i know the imf has been trying to do that. i see governments are trying to think in new ways, and i really think private sector are being very creative in trying to find their way through, and also, we did not talk about it, but one of the things going on is a very active research in vaccines, in therapeutics, in health care systems that will have a positive impact so we can all hope for that, and work hard on it, and we're trying to do that at the world bank. thanks. >> thank you. , and thanks to everyone for joining us this morning. i know that folks are in tough time zones, so i was simply asking closing to stay safe and healthy. thank you all very much. >> thank you. please stand by. >> thank you, everybody. c-span has around-the-clock coverage of the federal response to the coronavirus pandemic, and it is all available on demand at c-span.org/coronavirus. watch white house briefings, updates from governors and state officials, track the spread throughout the u.s. and the world with interactive maps. watch on demand any ti

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