later today, lawrence kudlow with our jon ferro.ited conversation late in the 9:00 hour. this is bloomberg. ♪ ♪ now, we will do another data check. u.s.d weakness versus the dollar, i am looking at the brazilian real, 4.62. with bnp paribas with us, just an outstanding set of work on the american economy, and lori calvasina joins us now with rbc capital markets. what is the strategy this morning? lori: we have not made any big changes to our calls. a lot of investors say in this volatility, they are not making trades. i am trying to take some comfort in the math and data. two things we are watching closely, we will be getting the cftc data. it is the best thing that told us we were ripe for turbulence this year and saw a major plunge last week but was still showing some froth from a sentiment perspective. we will be looking to see how much that fell. we are watching the aaii has not survey which gotten bearish enough yet so we are trying to understand how much room we have to go to the bottom. tom: looking at your fundamental securi

jon ferro, start framing with us. >> we will start with the price action. huge moves in the equity markets. the biggest one-day drop that we have seen going back to december of 2008. s&p 500 futures continue to roll over in the hour or so after that. in the bond market, you know all about it. treasury yields settle down, coming down basis points. a monster move in crude. sunday evening, lower on brent by as much as 31%. lisa, this is the one i know you have been watching. debt,op-in high-yield that is the biggest drop going back to 2009. lisa: when you look at past market routs, they always say that credit leads. a canary in the coal mine. this time, it was not. some people think it is at the epicenter of what is to,, with companies that are heavily indebted getting punished even more. this chart. john come i want you to continue the data check. it is like down 10,000. it is a 1% negative yield. the 10 year in white anti- two-year creators today. i know we will talk to michael and others about this, but that is a real benchmark. no shortage of big-name gues

of the hour, jon ferro will be in new york.riday we will be working your way through what has been a fascinating week to get a sense of where we go from here. on digital radio and your bloomberg devices. ♪ tv just keeps getting better. how you watch it does too. this is xfinity x1. featuring the emmy award-winning voice remote. streaming services without changing passwords and input. live sports - with real-time stats and scores. access to the most 4k content. and your movies and shows to go. the best tv experience is the best tv value. xfinity x1. simple. easy. awesome. xfinity. the future of awesome. 11:54, we should check back in on the markets. taylor riggs, what are you saying? guy, the u.s. markets are taking the cue over from the european markets. off for percent in the u.s., trying to recover a few of the losses from earlier, we are up to 2.5ow in the 2% percent range, trying to recoup some of the losses we saw earlier. my chart of the day is on the next screen. take a look. this is the move in basis points on the 30 ye

he spoke a little earlier with bloomberg's jon ferro. >> i don't want to put it out publicly.ve a moment of a lack confidence. this is not making people fearful of these things. side, talk to me about the policies. do we have a targeted lending program? we have made decisions on some of that. tax cuts, we can debate the pros and cons, we have tried them in don't last.ey think the basic do you iftemporary and targeted, so toh injections are needed help folks who are at home because of the virus one way or another, we want to help them. businesses are dark and certain parts of the country, that can be true with farming, manufacturing, transportation and a lot of others, so to pull that trigger will not take much time and we would like to do it internally. $8 billion the package from congress. back. need to come we are in the planning stage and it reminds you, the g7 just had a very important conference call and all these big countries are making their own planes as things develop in those countries, so i don't -- this can all be done in a very timely way. with respect to the job

i, jon ferro,and lisa abramowicz, paul sweeney, we are committed to speaking to true experts in the variolad vector allergy -- virology and vectorology of what we are dealing with. we are thrilled to get an update from steven riley. , it is an epicenter. , and all of ake sudden we speak of atlanta and new orleans. going back not in this 20th 16thry, but 17th and century studies, how do viruses spread? steven: it is difficult to be absolutely sure. what we are seeing in large countries like the u.s. is probably quite a few independent seeding --ents ing events and a slow build. it is becoming prominent in some cities before we get the same reports from others, probably due to aseeding and a slow build. tom: on youtube, there is a spectacular video on number file, which is three differential equations showing the dynamics that professor riley is expert in. where are we in that continuum right now in continental europe, london, america? where are we in the mixture of those mathematics of contagion, of size of those affected and of deaths? ,teven: we are unfortunately probably the u.s. and the

seth carpenter will join jon ferro and me on bloomberg radio on the negative interest rates in the u.s. it is about this pandemic. what do you see in london? what is new with prime minister johnson and how he treats this viral crisis? francine: first of all, it is friday. a lot of people will be happy it is friday. focus on the markets and the numbers and try not to be overtaken. two fed presidents coming onto bloomberg tv later with michael mckee, and also catherine mccain -- catherine mann. london is similar to new york. i was taken aback by the jobless claims yesterday. that number may have been much bigger. you are looking at negative interest rates, but if you look at the human tragedy unfolding in italy, they talk about a humanitarian crisis. in london and new york, the numbers keep going up. we will see what impact this has. tom: across bloomberg, a great focus on the louisiana. ofwill bring you mr. bostic atlanta and mr. kaplan of dallas, michael mckee with a focus on new orleans and the louisiana. here is viviana hurtado. viviana: a major change in tone overnight between the u

our colleague jon ferro was speaking with senator elizabeth warren, saying that checks for americans for $1000, shouldn't we get the money to them now? there is need for stimulus. is the politics are still in question at this point. if anything, it underscores the pressure on capitol hill because you have constituents who want this aid, need this aid. they have to sort out the politics on their end. vonnie: bloombergs kailey leinz on our markets desk. coming up, senate lawmakers work towards a vote on a massive fiscal stainless plan. we will speak exclusively with the u.s. energy secretary. this is bloomberg. ♪ i ame: live from new york, vonnie quinn, along with guy johnson in london. this is "bloomberg markets." joining us to discuss the markets and currencies, the dollar strengthening, james foley is head of strategy at probably in london. obviously, our first thoughts are the human thoughts. we hope that people are safe and quarantining themselves, at the social distancing, but we have to watch markets as well. i'm curious as to your thoughts on the strength of the dollar and how

jon: from new york city, i'm jonathan ferro. t now. ♪ ♪ jon: coming up, brutal market volatility. president trump pledges support for battered industries. central banks fail to put a lid on rising credit risk. 30 minutes until the opening bell. good morning. here is your tuesday morning price action. in brutal the last couple of days. overnight, futures up now one point 4%. a massive bid for the u.s. dollar. the yen weaker against the greenback. a move of 1.8%. in the bond market, yields up eight basis points, 20.8%. volatility surging to a -- to 0 .8%. high,lity surging to a with monumental swings of the s&p. thursday, the biggest drop since 1987, followed

coming up in the open with jon ferro, the academy securities head of macro strategies.off the lows of the session by one percentage point. initial jobless claims begging the question how much bad news is baked into the market? 3.3 million initial claims. this is bloomberg. ♪ jon: from new york city for our audience worldwide, good morning. this is the countdown to the open with 30 minutes until the opening bell. equity futures recovering now 1% on thene third of following the first back-to-back gain since the middle of february. treasury yields are lower by seven basis points. foreign exchange, another day of dollar weakness. that is your price action. we begin with the big issue. behind every economic data point is a story of many people's lives. that is no different than the initial jobless claims that came out 30 minutes ago. i said this morning we have to realize behind the number 3.2 8 million jobless claims there is real economic insight -- economic and psychological pain that i know many,

coming up on the open, jon ferro, marilyn watson will be joining him as equities continue to rolloverl as more buying in the u.s. after initial terrible jobless claims. this is bloomberg. ♪ ♪ ferro.am jonathan the countdown to the open starts right now. ♪ with 30 minutes until the opening bell, good morning. here is your thursday morning price action. for once, it is mild. s&p 500 futures down 35. yields come in eight basis points and a big move in foreign exchange for a second straight day. the dollar stronger. with -- fiscal relief packages from around the world roughly $2 trillion with the u.s. government seeking equity stakes. military efforts accelerating with central banks stepping up efforts. the ecb stepping up with a $750 aftern euro program presidenrd

stay with us for jon ferro on "the open" with mohamed el-erian. happy friday. see you monday.: from new york city per audience worldwide. good morning, good morning. this is "the countdown to the open." what a week it has been. the biggest three day on the s&p 500 going back to the 1930's. the biggest weekly gain since the mid-1970's. on the s&p 500, equity futures lower, session lows more than 3%. .n your bond market, a bid treasury yields down two basis points. in foreign exchange, dollar weakness the last couple of days , but as the session grows older, the dollar growing stronger. what a month we have had for policymakers worldwide. we started the month of march with the policy rate of the federal reserve at 1.75%. we are ending the month of march with a policy rate close to zero. the fed coming out with unlimited qe. the