the powerful stuff we're jeffery seso deep so frustrating at the same time on the right well everybody that is our show remember everyone in this world it's important to remember in this world we're not told the we're loved enough so i tell you all i love you i am tyro been terrific. keep are watching all those hawks all parents have a great day and my. blushes and i think she chewed the cheek a total more she cut a hole close to the team yorkie set its chance does that always sting against. the . beautiful girls you know i said you needed a cliche you got a use of it i was caught but i'm counting that in the scheme to show. for the true leadership he's. given to us but to the south korean his are still some of the come forward summed up by. the mummy approachable british mr west i am all sure because. each simulating civilization would be able to run using a tiny fraction of its resources. hundreds of thousands millions of runs through all of human history almost all. beings with our kinds of experiences. we're going to simulate that once rather than on simulated ones and conditional

thank you for having me on jeffery and it's a great honor having you on and before we get started do want to thank you for standing up and speaking and speaking the truth that you knew i think is very honorable blown the whistle and things like that thank you so much for what you did and what you sacrificed for all of us. i want to start by saying you know why was operation merlin a complete failure and to what and do you think your role in whistleblowing served to kind of solidify it as one of the cia's biggest biggest blunders at the end of the day. that well when i came into operation merlin and it had been going for some time before my involvement i was assured of all the safeguards and that it was approved by the highest levels of government. and background on the operation as had been said it was designed to slow down the iranian program to gain a nuclear weapon well during the process all of the safeguards that i was told about turned out to be false. and so i felt that it was going to be actually something that would enhance or speed up the iranian efforts to gain a nuclear w

the powerful stuff we're jeffery so deep so fresh dating at the same time on the right well everybody that is our show remember everyone in this world it's important always remember in this world we're not told we're loved up so i tell you all i love you i am tired of interest and i'm in chicago keep on watching all those hawks out there and have a great day and night everybody. liz . liz. liz. play her. know when i'm going to be out there seeing i don't think about i don't many of us at home and not near our bar. i kind of were on the ship on course and back and i think now i think it's higher than our. members of the african mafia has promised them safe and quick passage to europe but once they. leave they are enslaved they count speech util. will not some of them leave your mom and i couldn't you know. this you need to get it out i mean. they sold the. let me get all caught of the and important it was the persona that all. the freddy super cool for sure it all to look like was and was mean if it was so on the internet to start work i'm sure the speech people feel and i'd ministry's

the finance world is mourning the death of the jefferies ceo, who died from ties to the virus.en the cfo since 2007 and the news marks one of the first stats among senior wall street executives from the pandemic and highlights the risk for firms. rewritten,ety being have beenives sickened by the virus and professionals who health companies ensure leadership continuity say the coronavirus crisis added new urgency to their work. questioningents are whether to isolate key executives, and some are scattering top lieutenants across the globe as added precautions. one is even saying they are poised to hire a new ceo by him -- video interviews. they are really changing the landscape. they worked to keep leadership intact with planning. they are also under immense pressure to keep employees safe and adapting home and businesses to this new normal. nejra: annmarie hordern, thank you so much. let's get back to oil, slumping to a 17 year low as slowing demand across the world largest economy continues. london, falling as much as 7.6% while new york below $20 a seeing barrel. the global ma

. >>> the family of a jeffery gazaran says he flew to orlando march 2nd for a business trip.ayed a couple days longer to visit disney world and universal studios. he started coughing up blood on march 8th after running home he went to the hospital. he was diagnosed with pneumonia but tests later revealed he had covid-19. he died yesterday morning. >>> political activists in san francisco will distribute tents to the homeless. members of the democratic socialists of america are drawing attention to the plight of the homeless during this pandemic. they will be havending out more than 100 sets of tents, sleeping bags, and masks by the end of the month. san francisco leaders say they're making progress in getting shelters to the homeless to limit their exposure to the virus. the homeless who test positive for the virus but don't need to go into the hospital are being isolated at a local hotel. the city opening to eventually lock down 3,500 hotel rooms for them. >>> and stanford university has moved to online learning. all campus courses will transition now to an online format for

the time being they could go to the debt market to raise more debt without issue. >> sheila from jefferies, thanks for joining us today. >> thank you >> to oil closing out what has been an ugly week to say the least down 22% on the week to ra hel soloman. >> hi, bill, ugly week to say the least but oil prices are holding on to gains in the close making this the first positive finish in three days wti closing up about a percent or 31.82 a barrel. brent crute 2.25%. despite these gains wti down 22% week to date brent is down about 25% week to date this is the worst week for both benchmarks since wat of course the coronavirus and it the impact on demand weighing on prices here. also, a quick check on some other commodities. palladium plunging down more than 18%, gas on the other hand moving higher on the day >> thank you time for trading nation picking up from what she was just talking about. is there more pain ahead for the energy group as president trump declares a national emergency. we presume he's going to do that at the top of the hour joining me is john from tokyo asset management we k

rye out in >> i want the whole crew to stick around and i want to come and let's welcome in from jefferiesid zervos thanks for being on cnbc i wish it was under better circumstances. >> we're throwing around the three-lettera being rouyn ims, clo, cds that we haven't talked about in three years with the fed action and what we saw with the relief bill, are we seeing the credit markets react positively >> well, yes, sully. i think -- it's great to be back and talking with you under unfortunate circumstances, but there's certainly a lot to talk about. instead of getting caught up on these acronyms it's easier to explain the top end of the aa stauf and t space. as you get into private label cmbs and these are places that are really, really struggling and i mean really struggling and even the top end of the capital structures are seeing some extraordinary moves. so i think what you have to kind of put in perspective is the fed can do a lot to fix well functioning and balance -- fixed balance sheets that are in a pretty good place, but when it comes to the energy patch and the leisure and hotel

jeffery smith, gave the community a b plus in social distancing. >> we can always do better, but people are trying hard. >> reporter: he says with no vaccine, obeying the order will not only help bring down the rate of infection, as well as save lives, it will also give the health care system to serve the seriously ill as they expect an upcoming surge in the covid-19 cases. >> allow the health care system to take care of the really sick people in a safe and efficient way and keep the less safe people at home quarantined. >> reporter: the county just transformed the santa clara convention center's main hall into a makeshift hospital, bringing in 250 cots for recovering patients and those with mild symptoms. >> to help ensure that our hospitals have the capacity to take care of the sickest patients. >> reporter: county leaders say more ventilators are on the way. they're adding more icus to hospitals, hiring more than 100 nurses, and are requesting paramedic and ambulance teams test the homeless. >> it's not going to be pretty. things are going to get considerably worse for a while. but w

joining us now is giles sorin from jefferies international.tly upgraded "just to a buy rating. andnot before mucking in working as a food delivery rider at uber reads. -- uber eats. tell us about that experience. how did it help you gain insight into the industry? giles: it is the second time i've done this. i first rode out last year. this was kind of a follow-up to last year and it was obvious to take the opportunity to deliver for the gig economy. the root of the idea comes back to the computer. the question is whether delivery is a good thing? these businesses started out as platforms. the investment community felt it was easy to understand the platform. you facilitated the trade. you took a coupon and moved onto the next thing. as we have these platforms going out and delivering, a radically different cost program. it raised a lot of confusion. to understand it was to root it. a fantastic experience. matt: it does sound awesome. i have to admit. in these times, maybe not so much. thepeople have to come -- people in those jobs have to come

jeffrey sterling thank you so much for joining us today thank you for having me on powerful stuff we're jeffery so deep so dating at the same time on the road well everybody that is our show remember everyone in this world is so important always remember in this world we're not told we're loved so i tell you all i love you i am tired and i'm in chicago keep on watching all those hawks out there and have a great day and night everybody. live. live. live. live. live live. live. live. live. live live. live . live. live. oh. please. live. lists lists lists play. list. playing. and very well might continue watching on since last. chose seemed wrong. roles just don't hold. me to be to shape our disdain become educated and engagement equals betrayal. when so many find themselves worlds apart we choose to look for common ground. the european union deploys a rapid intervention team to the greek border with turkey as it scrambles. to get indoors support joe biden president super tuesday get some away and leave us with voters in 14 states turning out to democratic presidential candidates establishment fav

we begin with the death of an executive at jefferies. highlighting the urgency of back up plans.inancial officer died from complications type the -- tied to the coronavirus. now to about 100 amazon employees at a new york fulfillment center plan to go on strike today at noon. the alleged management has been unresponsive to their safety concerns about the spread of coronavirus at the facility. they want to be sanitized. they also want to be paid. we end with easyjet is grounding its entire fleet after completing the patriot and flights. the airline is looking for ways to increase its cash cushion and plane start flying again is uncertain. it will depend on government restrictions and demand. that is your bloomberg business flash. .rancine: stocks slipping today u.s. equity futures, a lot of the focus was on this terrible weekend. we had a update on the number of deaths. if you look at this -- if you look at the individual stocks, surging in premarket after dollar on thehe course to snap a four-day losing streak. core european bonds rising as easyjet grounded its fleet. easingls wa

ambassador james jefferies says this time will be different. >> i do not think that the russians andssad are going to win in idlib and the reason is the turks cannot back down or they will have 3 million new refugees on top of the almost 4 million that they have now from syria, and they cannot physically handle it. so, therefore, they're going to have to use their considerable military force to bring this offensive to a halt. >> reporter: whatever idlib's fate, it's clear the misery won't end any time ♪ ♪widone yet? you make my heart sing.♪ yeah, yeah, sorry, sorry. you sure?m. ♪come on, come on, wild thing. if you ride, you get it. geico motorcycle. fifteen minutes could save you fifteen percent or more. when ourkids, bedtime!her kids moved in with us... ...she was worried we wouldn't be able to keep up. course we can. what couldn't keep up was our bargain detergent. turns out it's mostly water, and that doesn't work as well on stains. so, we switched back to tide. one wash, stains are gone. kind of like our quiet time. [daughter: slurping] what are you doing? don't pay for water. t

jefferies happens to be my prime broker phenomenal firm. but it's just interesting cocktail talk. that's it. >> mike, i guess there might be smaller as a total amount of trading volumes going on in the mark market, but they have more leverage or tend to have more leverage than your average investor and that at times of stress can lead to accentuating t the dislocations we've seen and we have seen that even if it's calmed down since. >> the relevant take away for me is that we did see a couple f weeks ago that delev lichajing move by the way, i don't think we're talking about the typical long short hedge fund manager as a concentrated portfolio we're talk iing about systematic traders that lever up with equity index futures as well as individual stocks and one other strategies of that sort. they seem to have gotten sold out toward the lows. that doesn't mean in my view, that they immediately then go and reexpand their leverage and start to buy the old stuff, but the problem does overtime provide a bit of volatility to see those old names perhaps try to revive again. so not sure it'

the family of jeffery guzarian said he flew to orlando.r to visit disney world and universal studios. he started coughing up blood on march 8th. he was diagnosed with pneumonia, but tests later revealed he had covid-19 and he died yesterday morning. >>> time is now 5:48. today, political activists in san francisco will distribute tents to the homeless. members of the democratic socialists of america are drawing attention to the homeless during this coronavirus pandemic. and they'll be handing out more than 100 sets of tents, sleeping bags and masks by the end of the month. san francisco officials say they're making progress on sheltering the homeless. the city's human services department says the homeless who test positive for the vurs but don't have to be put into a hospital are being isolated at a local hotel. the city is trying to lock down 3,500 hotel rooms. and stanford university is now moving to online learning. the president of stanford said all campus courses will be transitioned to online for the entire spring quarter. it's in re

. >> thank you so much, jeffery. >> woodruff: thank you, yo-yo ma.med at a time like this, and as jeff pointed out, we hope ifshou have art toe you will join us. upload your videos to twitter, instagram or facebook using the hashtag "songs of comfort." we'll be watching, and may usen theme future on air and online, at wwwbs.org/newshour. and that is the newshour for tonight. i'm ju woodruff. join us online, and again here tomorrow evening. for all of us the nds newshour, thank you, stay safee'll see you soon. >> major funding for the pbs newshour has been provided by: >> before we talk abt your investments-- what's new? >> well, audrey's expecting...ns >> t >> we'd be closer to the twins. change in plans. >> at fidelity, changing plans is always part of the plan. >> consumer cellular offers no-contract wireless plans that are designed to help you do more of the things you enjoy. whether you're a talker, texter, browser, photographer, or a bit of everything, our u.s.-based customer service team is here to find a plan that fits you. to learn more, go t

the terrorism police had no clue about the laws that jeffery lendrum was breaking so he was trying topersuade these people, he was an egg smuggler and to hold him without they'll. mcwilliams succeeded in doing it and was able to keep him without bail while he began digging into the story as i did when i found my way to jeffrey lendrum's life how does one become a egg smuggler, what led him to the arab world, it raises the question what in that background wave created this commerce that he engaged in, so he grew up in the second city of rhodesia and grip base of the, his father was a third-generation white african , parents-- great grandparents from ireland and lendrum group within shouting distance of a national park which is this magnificent geological phenomenon that has these amazing rock structures some of which rise thousands of feet in the thick vegetation that makes them perfect for raptors so this park has light the greatest concentration of eagles, hawks and falcons on the planet and this was basically lendrum backyard and he became involved with his father in-- he was born i

let's bring in our chief meteorologist jeffery jeff talking about what to expect tomorrow and comingis weekend. >> and spring, yes, officially does arrive tomorrow. we'll show you when this rainfall will get out of here and we'll get some spring temperatures and some sunshine. we all need it. we'll have that seven-day forecast in just a few minutes. >> so, you're working from home for the first time. we've enlisted someone who is seasoned at it to help you adjust. i'm consumer investigator chris chmura. that's next. get details on this state program. visit right now or call during business hours. and accessoriesphones for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program visit right now or call during business hours. >>> well, you know the drill. millions of people nationwide are working from home. actually, internationally now, and they're doing it for the first time. no on-site i.t., no staff kitchen, no formal work space, and maybe a barking dog and crying baby. we need guidance here. let's bring in o

the chief market strategist at jefferies. a lot on you there, dave, but it's good to see you but is that fairly characterized? would you defend the fed's rate cut this week no matter what everybody is saying about it >> i don't like to say what the fed should or shouldn't do i like to tell our clines what i think the fed is going to do and i try to stay out of the would have, could have, should have stuff. it doesn't matter. it matters getting the margin. we wrote a lot of notes to our clients as this was developing and as the announcement came last friday from jay powell, get ready for something big and fast and likely to be i think we put it out there, something like 50 to 75 and former guidance. before the meeting so i'm happy to tell you what i kind of think is right or wrong and i think as you said, this was probably a better thing to do than not to but in general, we're just trying to get this reaction and i think we really i think we have a pretty good handle on the reaction i think they've been pretty clear so i'm hap

but with every yin, you know there is a yang and the big yang here is that brokerage jefferies has come they are outright calling the video game store chain gamestop a covid-19 beneficiary and it is not just because this is a company that sells video games or the playstations that go with them or any of the other gaming equipment. they also sell equipment that so many people who are stuck working from home absolutely need. due to the coronavirus outbreak, so many people are working from home and that has boosted the products that are there at gamestop. talking about headphones, adapters, tablets, speakers, cell phones. this is all for sale at gamestop right now, and they also have door delivery. i went on their website and saw that not only will you be able to go to their stores and pick them up right at the door but they will deliver at least to within your front door. so even though the stock is down, all of these stocks have gotten hammered, but there is at least a little bit of light at the end of that tunnel. right now, forget at the end of the tunnel, for gamestop. cheryl: which i

rich handler of jefferies wrote a letter saying don't just write the checks. it's not that the people shouldn't get the money but we want to make sure when we get on the other side of corona, they still have other jobs to do. so instead, funnel this through the companies they currently work at. the government knows based on payroll how people get paid and how it works. so give the money to the companies. if they are misuse it the government would know and use that as the mechanism to continue to pay people while keeping businesses afloat. >> i mean, that seems like a good idea. there's a lot of good ideas floating around. i think the idea is that in washington there's a confusion between aid and stimulus. the aid would get people from here to there, wherever there is, which would tide them over. give aid to businesses so they don't shutter, so that the employees have a place to go back to. stimulus would help on the back end of that, and i think that's what he's talking about which is, when people come back to work, they don't necessarily have a paycheck comin

. >> thank you, jeffery.oodruff: we now go to south korea, to at seems to be working in the fight against cornd-19. the gont there is spending nearly $10 billion to fight the country's outbreak. as special corresponde bruce harrison discovers, money is it also takes communities willg to come together. >> reporter: kim gyeong-su took o work as a bus driver to pitch in on what's become the national priority here-- defeating covid-19. now, he's volunteering at this "drive-through" test clinic. >> ( translated ): acitizens, we're here for the safety of our fellow citizens, to volunteer for goyang city. >> reporter: anyone can pull in, with or without symptoms. this local office worker is here just as a precaution. he tells nses he recently smoked a cigarette with someone who may have been in contact with infected people. after taking his temperature, they say he seems symptom-free for now, but to come back if that changes. others receive a much more thorough exam based on their physical symptoms and potential exp

jefferies brent hill and meghan shoe of wilmington trust join us now to break down the market actionve been seeing thanks for being with us meghan, i'll start with you. the fact that we are fading the gains right now what is that indicating about the market at these levels >> we would expect continued volatility and i wouldn't be surprised to see a couple of really big up days like we've seen over the past week because volatility we tend to think of as very negative, but it is two way. we are still cautious on this market we think this has a ways to go before it will be fully played out. you know, we're looking for -- we've seen some significant monetary policy response so far. we're waiting for fiscal but unfortunately what we really need is time and that's not something that a policy maker can give us to see how this virus plays out. we're still on the upward trajectory here in the u.s we think there's more volatility to come. >> meghan, where is an investor to hide right now? how are you consulting your clients in this time of great volatility >> we're telling our clients to be un

jefferies calling the online retailer a potential big winner in the coronavirus outbreak. why? as preppers, is that the new word for hoarders? give me a break. charlie: what is that? liz: somebody preparing for the apocalypse. as preppers far and wide turn to the e-commerce giant for key supplies. same situation with costco yesterday. that stock jumped 6%. amazon says it is adding new warehouses closer to big cities to help speed up same day deliveries. charlie: i will buy some vodka. liz: i'm going to buy brie cheese, hunker down. you know, we're not all total nervous nellies here. for those who watch "the claman countdown" faithfully, i know a lot of you are out there, you know these stockpiling efforts did not just start this weekend. our producers captured these images of empty store shelves in cvs and duane reed back in january, january 24th, because i had gone to a fort lee duane reed to pick up something and the masks were totally sold out, more than a month ago. fast forward to this past weekend, take a look at the scene at costco. retailers across the nation really bec

and jefferies group says the cfo of its main subsidiary has died from complications linked to the coronavirusof the first deaths among senior wall street officials paid he had been cfo since 2007 following a 60-year at morgan stanley. this news comes as they continue to head into the office every day. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2,700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. haslinda? haslinda: thank you so much. still ahead on "bloomberg coulds: asia," the yuan be the exception. next, a rebound rally might have given markets a boost, but global stocks are still 26% down from their february peak. a strategy. this is bloomberg. ♪ ♪ haslinda: you are watching "bloomberg markets: asia," and a long road ahead to a recovery. defeat the coronavirus pandemic, central banks eased monetary policy to support an economy on track for its worst recession in years. is the us on the line head of community -- credit, hartmut issel. it is pretty calm compared to previous weeks. how much does it hav

. >> thank you very much and our condolences to you and the whole team at jefferies for the sad news of the passing of your krrk fo over the weekend. >> thank you very much >> absolutely. hit here on that point, sara one final broad market question, tony, if we do retest the lows, will they be significantly lower than the lows we made last week in your view >> we look at the 14-week rsi, the it's only been oversold a week ago this past friday. only been that oversold six occurrences. of those six, three of them yo 10%. 10% being the '08 occurrence then the other three came within 4% so the real answer isn't if it touches it nicely and neatly the answer is how is credit and the other various market indicators like correlations, volatility how are they acting into the any kind of pullback towards the low. you want them to be behaving better in other words, lower volatility lower correlations on a test tighter credit spreads on a test you want to see the market pop where they as you pull back. >> tony. a lot of that is happening they say because of the fed action intervening in an open

watching miners as well, jefferies says base metals players will recover in the second half with mostvalued. they are cutting lending rates after the rba made cheap money available and the regulator relaxed capital requirements, and we just have the lines saying companies can postpone -- for two months. more australian companies are suspending their guidance. iv. haidi: sophie kamaruddin -- haidi. haidi: sophie kamaruddin in hong kong. bloomberg's global markets editor adam haigh is here in sydney. adam, how much of the oil market do you think has already repriced for a significant shift in the price were narrative given president trump has said that he could potentially intervene? adam: that is the thing, isn't it? just when you thought you had seen the biggest bulk of the move and oil, you suddenly have a huge rebound. of course, we are still about 60% lower than where we were at this time last year on the global oil prices front. this movement that we have seen in the past 24 hours still has got to be taken in that context and that's very important. that is the supply-side issue th