i am karina mitchell. ahead, green -- david young joins us from hong kong with more on the outlook. .nternet property and baby gear this is bloomberg. ♪ yvonne: looking past the economic pain evident in friday's u.s. payroll. let's look ahead at the new trading week with andrew sullivan. he joins us on the line from hong kong. it seems like we are dealing with less bad news these days. would you think this is a turning point for markets? andrew: if you missed the first bottom, there is usually another opportunity. investors should remain cautious. ok.ne: in terms of the unprecedented amount of fiscal and monetary easing we have seen, is there a sense we could be saying a massive rally in the second half? are there stocks that have become so cheap for longer-term investors, they stand to make potential profits? -- substantial profits? andrew: they will be cautiously looking at buying those. certainly the ones with the strong balance sheets and good lines of credit. a lot of them are looking at infrastructur

i'm karina mitchell. this is bloomberg. rishaad: thanks. still to come, many exclusive directors from the nec and ask goldman president. and the credit suisse ceo. this is bloomberg. ♪ haslinda: gilead shares dipped after a data leak appeared to show a chinese trial of a covid-19 drug had failed. infections rose at the slowest pace in three weeks. china reported no deaths for a ninth straight day. let's get to our coanchor yvonne man. the covid-19 drug, one of the most closely watched therapies. what did the who findings show? yvonne: that's what the study appeared. the who accidentally publish the study. the drug was not associated with patience getting better more quickly. 14 of the patients getting the drug died. that's compared to 13% to got the standard treatment. gilead and the scientists working in the trial responded by saying this is not a failure. the resulted not represent the actual results. this is a study that looked at patients with severe cases as well. the company said the study had been stopped early after

. ♪ karina: you are watching "daybreak asia." i am karina mitchell with the first word headlines.lobal virus cases continue to rise although there are more signs of easing and areas. ecb president christine lagarde told the virtual e.u. summit that they have done too little to stem the virus and what they have introduced has been too late. u.s. cases rose at the slowest pace in three weeks. spain reported the most infections and fatalities in a week. >> the public must understand that governments understandably building up in- societies and pressing on respective economies. this is not an exit. there is no path back to the new normal. slumpedthe e.u. economy this month as coronavirus's restrictions leave the single market struggling to stay afloat. private sector activity plunged in march, sharper than forecast since records began two decades ago. the economy is heading for a sharp and lengthy recession. meanwhile, the u.k. is seeing a price it may pay for the virus lockdown as output shrinks at the fastest pace in decades. the outlook for jobs is "horrendous. a quarter of the lab

i am karina mitchell. this is bloomberg.hery: earnings season is in full swing with more big names after the bell. alphabet reports stronger than expected pre-pandemic revenue but these a sharp slowdown in march. topping oneases million as president trump orders meatpacking to stay open. we have a look at the supply chain in an exclusive interview next. this is bloomberg. ♪ shery: coronavirus cases in the u.s. have topped one million. the rate of new infections continues to hold below previously seen levels. the states work towards reopening with andrew cuomo laying out the criteria for some areas of upstate new york. our governor reporter joins us from washington. how much progress are we seeing in the states trying to reopen? emily: it is different depending on which state you are looking at. some states are going full speed ahead trying to slowly get stuff to open up. a variety of things, parks, movie theaters. other states are applying the blanks -- the brakes saying we are not ready. we need to keep restrictions in plac

. ♪ karina: you are watching "daybreak asia." i am karina mitchell what the first word headlines.lut continues to loom over the market. brent futures for june post 5% higher after slumping as much as 17% earlier in the day. york,exas rose in new ending strongly higher despite falling into negative territory on monday. u.s. crude stockpiles are at a high. the u.s. and china continue to trade barbs about the coronavirus, each saying the other should have done better. washington initially said beijing covered up the extent of the infection in the early days, prompting them to say it was a u.s. attempt to shift attention. washington says china and the world health organization have left the rest -- let the rest of the world down. spain is extending its virus lockdown to may 9 as it struggles with the second-biggest infection outbreak in the world. opposition lawmakers voted with the government to prolong curbs for a third time with more than 20,000 people now having died. italy registered its highest number of new infections in four days as the government prepares a new stimulus packa

. -- with karina mitchell.ina: president trump has performed a dramatic u-turn on the coronavirus, saying china may have deliberately release the infection. he promises punitive action if it reveals the virus was released by choice. asked, wouldon was you be angry at china? the answer might very well be a resounding yes, but that depends. was it a mistake that got out of control, or was it done deliberately? there is a big difference between those two. in either event, they should have let us go in. karina: staying in china, it says testing of people showing no symptoms of coronavirus reveal only a tiny fraction are actually suffering. the samples were taken in wuhan, the city where the virus was originally reported, and where fears of a second wave have been rising. more than a quarter of a million tests were taken this month, and less than 0.1% has been positive. international monetary fund has been called upon to alleviate the impact. tehran asked the imf for $5 billion to shore up an economy already battere

medicare o seguro de salud con nadie que no sea un profesional de la salud de su confianza. >>> y karinapero en el caso de los adultos mayores hay ciertos factores que los ponen en mayor riesgo por ejemplo los estafadores tienden a asumir que tienen una serie de ahorros o acceso a pensiÓn o acceso a fondos de seguro social, o tal vez han ahorrado para la jubilaciÓn, y entonces los consideran con un poder adquisitivo mayor al resto de la poblaciÓn y tambiÉn el factor de temor ansiedad y aislamiento social que el estamos pasÁndose complica mÁs la situaciÓn. >>> claro y dÓnde pueden conseguir mÁs informaciÓns y ayuda respecto a este tema? >>> es muy importante denunciar si usted ha sido testigo o siente e que ha sido vÍctima de estafa en la lÍnea de ayuda de la red contra el fraude, tenemos vosotros lunes tars capacidades dispuestos a ayudarle, listos para recibir la llamada en el nÚmero en pantalla. >>> (informaciÓn en pantalla). >>> y tambiÉn tenemos una pÁgina en espaÑol habilitada en nuestro web site sobre todo lo que es el coronavirus, y asÍ que vean esta imagen tambiÉn. >>> karina flo

let's get to the first word news with karina mitchell first. in china saytists covid-19 is probably here to stay and will return and seasonal farm like flu infections. it is unlikely the new virus will disappear the way sars did. the asymptomatic effects make it hard to contain transmission. beijing is lashing out at criticism from peter navarro, who said china hid the truth. navarro is always telling lies. he has no credibility. what he is saying is nothing but lies and fallacies, completely sensational. latest pictures from south korea's industrial output for march surprised observers, rising seven point 1%, and a beat on the average estimate of minus one .7%. korea was one of the few countries not to go into lockdown in march despite being at the height of infections from

i am karina mitchell. this is bloomberg. shery: still ahead we speak to an australian startup as they work to provide direct shipments of seafood to china without passing through any wet markets. the ceo joins us. our other guest tells us why she thinks the economic outlook will get worse before it gets better. this is bloomberg. ♪ ♪

headlines with karina mitchell in new look -- york. who is warning against optimism, saying the best -- worst might be at the con. the crisis is not over and worse may be ahead. politicians and advisors do not understand the nature or danger of covid-19. us.he worst is yet ahead of they have the wrong conclusions. they did not know it and got into trouble. a six straight day in

let's go to karina mitchell.arina: japan is to extend its virus led state of emergency beyond early may with the government admitting it may not be possible to lift restrictions as planned on may 6. climb in dailya infections, the first time the number has been below 100. it is unclear how long any extension would last. smallis set to let neighborhood stores open gradually a month into a lockdown that has savaged the academy -- the economy. all must wear face masks and adopt social distancing rules. marketplaces and shopping malls will remain closed until at least may 3. china is pledging to support its virus weakened economy saying the -- the pboc says fundamentals are unchanged and they will make funds available for businesses hit by the fallout. the virus has put china into the first contraction in decades with increasing reliance on domestic demand to spur recovery. speculation over kim jong-un is intensifying amid reports of a medical team sent to china and movements of his train. satellite imagery is show -

i am karina mitchell. this is bloomberg.hery: still ahead we speak to an australian startup as they work to provide direct shipments of seafood to china without passing through any wet markets. the ceo joins us. our other guest tells us why she thinks the economic outlook will get worse before it gets better. this is bloomberg. ♪ ♪ we have breaking news, surprise earnings release from national australia bank. they were supposed to announce may 7. it is a massive decline, first half cash earnings excluding large items, the klein of 20 sit -- decline of 26%. cash profit $1.44 billion australian. it was materially impacted by the covid-19 pandemic. they have approved 70,000 mortgage deferrals. the net income, $1.3 billion australian and saying the covid-19 impact at a group level. the bad debt charges have risen to 159%, $1.16 billion. they expect to make an announcement in the asx to do with the proposed equity capital raising, which will -- a share purchase plan which will be halted in terms of trading for that and when that

i'm karina mitchell. this is bloomberg. rishaad: metabolix at what is going on after the break, coming up on bloomberg markets. strategist, equities bouncing back. but built on hope and not much else. this is bloomberg. ♪ >> we're witnessing what happens when logistical -- running out of pipelines. >> storage is a concern throughout the industry. >> right at 30 million barrels a day the world is of his life right now. >> there is too much crude oil. it is getting stuffed in storage at a fast rate. it is a global problem. a lot more crude oil is on the way. >> in about three weeks, you will have the same situation with june crude oil. everybody knows that. that is the way it is developing. >> i wouldn't get too excited about a price recovery anytime soon. >> the price will be sluggish for a long time. banks and bonds, but -- it makes the matter worse and we get a negative crisis. guests commenting on oil's deepening collapse. let's bring in eleanor creagh . oil move assets in the near and long-term? will it be oil that final

haslinda: let's get a first word headlines with karina mitchell in new york. administration is temporarily halting tariff payments. to decision does not apply countervailing measures. beijing andst airbus remains in place. it allows for 90 days. virus cases in india have rose to 1400 new infections, taking the total to 16,000. the lockdown enters its fourth week. india steps up testing with infections up 78% in the last week. dr. say the true number is far higher -- doctors say the true number is far higher. virussia is tightening

let's get you a check of the first word headlines with karina mitchell. >> 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.

i am arena mitchell. -- karina mitchell. this is bloomberg.hery: will be joined by the nasdaq energy -- as the energy wars between russia and saudi arabia continue. brent at one point falling as much as 12 percent. president trump touted a deal with opec between saudi arabia and russia. that was not really confirmed we are heading to that opec-plus meeting this week. this is bloomberg. ♪ haidi: wti trading lower by almost 9%. friday,er gaining 12% 25% thursday. the volatility that continues after opec-plus delayed a planned meeting -- and the spat between saudi arabia and russia. this is about who is to blame for the collapse of oil prices. the standoff continues. president trump has ramped up his threats to do oil tariffs. mr. trump: i am a big believer in our energy business. if i have to do tariffs on oil from outside or i have to do something to protect thousands and tens of thousands of energy workers and our companies that produce all of these, i will do whatever i have to do. let's bring in the nasdaq director of energy. great to have y

karina mitchell with the first word headlines. karina: france is extending its coronavirus lockdown to may 11, with president macron admitting the country was not prepared for the pandemic. the decision follows a similar decision in italy, where new virus cases declined again. spain is letting workers returned to their jobs but said it is in no position to set a date for reopening the economy. the indonesian president said he is prepared -- fiscal stimulus for the coronavirus and would widen the budget deficit if necessary. he said that if the pandemic lasts for more than six months, the government can raise the deficit target beyond the current goal of 5% of gdp. indonesia has announced three virus stimulus packages so far. the international olympic committee says postponing the tokyo games because of the coronavirus cost it hundreds of millions of dollars. the president told -- the overall bill could be as much as $6 billion worth all the non-ioc costs being borne by japan. before the postponement, they put the bill for the game

i'm karina mitchell. this is bloomberg. you. is another major nation to hold an election amid the pandemic. the ruling party is set to bench and arguably from the way it handled this outbreak, is it not? >> that's right the ruling party has been claiming some credit over effective containment efforts with covid-19. they have certainly done a good ,ob with aggressive testing transparency and information sharing, as well as treatment with the health care system that has been very well placed in korea. however, we think the economic has not been one of the strengths they take credit for, so we have to see. it could be a close race. if hed: president moon, does manage to win, he's got a great opportunity to remodel the economy, which has been his long pledge. president moon has been majornly pulling up some structural changes in the labor market as well as the welfare sector and hospital income andcy, but for the past two a half years, we have seen the domestic economy struggling, changesly over drastic in the jobs market with

i am karina mitchell. this is bloomberg. haidi. still ahead, we will take a look at how the coronavirus may force japan to really modernize its economy. we are joined by our guest. coming up next, we do have another guest to his preaching patience for long-term investors. she sees more downside when it comes to the aussie equity. this is bloomberg. ♪ -- a strong session on wall street as investors try to assess when the u.s. economy will be able to ramp up again. joining us now is our guest. we did hear from the president to he would love a bid opening of the economy and i -- big bang opening of the economy. so much of this is relying on what the health authorities will be telling us about the numbers, risk of a second and third wave, the spread, and how the infection curve is coming along. i suppose i am just wondering, what evidence would you need to see to become more bullish? >> thanks, haidi. yes, when there is so much volatility and uncertainty in the markets, it is helpful to look at some of those k

name karina mitchell. this is bloomberg. >> we are going to speak to blackrock, later on, we are , this by emerging markets is bloomberg. minutes from the fed meeting last month should show uncertainty about the severity of the coronavirus. it is creating downsize risk to the u.s. economy. thank you for holding out, thank you for joining us. now is actually the time to be more offensive. given the current asset violations we are seeing, he is less worried about losing money more worried about the gain. >> i think it is a time for imbalance. one is to look at the risk factor. ambiguity around economic impact, i think it is in front of us. you don't know the shape of recovery. the aspect violations have opened up. it extends the quality of the markets. i would send the balance is the right word. >> what do you think ultimately changed the most? we see massive stimulus from the fed and other central banks in terms of liquidity. has there been much credit support when it comes to balancing the sheets and incom

i'm karina mitchell. this is bloomberg.sian stocks are edging higher, tracking gains in wall street. investors taking some comfort from earnings reports and signs the coronavirus outbreak is easing. our next guest still sees downside risk on equities. let's bring in coo of the global cio office and independent investment advisory firm. good to have you with us. why are you expecting more downside risk when economies are increasingly opening up? we may see a vaccine by the end of the year. and some banks have doubled down on the stimulus and are willing to do whatever it takes. they are positives, but i reflect on what will happen in the next three months. we do expect more companies to have more data. it will tell the markets how bad things are. we don't know the depth. when we look at the anecdotal putting, people now second quarter growth in the u.s. something close to 50% gdp, so -50%. that is not in the numbers. analyst forecasts have come down. i think they have further to fall. europe is more realistic. they say it wi

i am karina mitchell. this is bloomberg.aidi. the director general of the world health organization says the worst may still be yet to come when it comes to the coronavirus. saying that the crisis is not over and many politicians and advises do not understand the nature or the danger of covid-19. fromackenzie joins us now beijing. what is behind this dark warning from the who chief? tom: saying the worst is still ahead, and again, pointing out that people still do not understand the nature of this disease, and certainly, there has been issues around transmission spread and other elements of this disease that are still largely unknown. he previously warned about the spread in africa, so that could be something he is concerned about. obviously, countries on that continent do not in many cases have the health systems in place that would be able to really cope with a serious pandemic of the scale, so that may be a concern for him. moves by some countries in this region, asia, but also in europe, looking to lift their lockdown. t

let's now get to karina mitchell with the first word headlines. karina. karina: good morning. we will start with japan. it is expanding its initial state of emergency to cover the whole country amid criticism the original order was too late and too weak. thezo abe is widening declaration from tokyo and six other prefectures, which were initially deemed to be most at risk from the coronavirus. several local leaders warned his original order left them vulnerable and some launched their own initiatives. the european central bank has reiterated that they will do everything necessary to cope with the coronavirus, which it says is the worst crisis facing the singles market in decades. more international cooperation is needed. christine lagarde said policymakers are committed to helping the euro area and are ready to increase the at chess asasset purchase program for long as required. the european union says it will reshape its next trillion euro budget to focus on the virus and final much of its spending in the immediate future. ursula von der leyen said the new seven-year plan in j

i am karina mitchell. this is bloomberg.ty much in a holding pattern when it comes to risk assets. you are not seeing a lot of direction when it comes to equities. we are looking mixed. japan poised in asia and to be flat for the week. u.s. futures flow are -- futures lower. you are seeing green in some markets the likes of jakarta. india still looking like we could be under pressure given the rebound in oil. they are also coming back from that holiday as well, so there is a catch up. trading,e that started we are seeing some strength. we are expecting to hear a video message from prime minister narendra modi. also the rbi conducting a repo operation. india 10-year gilts up -- 10 year yields up.to crude price at 24.20 for wti. .aslinda: let's stay with india the coronavirus pandemic and lockdown is taking a toll on india's i.t. service providers. most critical services will be managed by employees from home. however one company says critical services have to be present at the office. itss discuss with ceo -- ceo. give us a s

i am karina mitchell. this is bloomberg. shery: how will that historic opec-plus deal in fact currencies in asia? we will discuss with the head of his research for anz bank -- head of research for anz bank. this is bloomberg. ♪ data out this week will give us a clearer picture of the all-out from the pandemic. imf will release its outlook and hold its meeting virtually for the first time. we 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

i am karina mitchell. this is bloomberg. shery.romonomic the coronavirus pandemic is leading to a humanitarian catastrophe according to the head of the world food program. david beasley gave this stark warning to the un security council earlier, highlighting an expected doubling of the number of people facing starvation globally. he joins us on the line from washington. david, great to have you with us. we are glad that you have fully recovered. we understand that you just suffered from covid-19 yourself. of course, we are about to have a very important conversation right now because that most vulnerable, the poorest in the world, not only unable to work because of global lockdowns, but also seeing food prices surging because of panic buying and supply chain disruptions. how bad could it be? david: it could be bad, and it is bad already. we are already seeing the symptoms and the beginning of the spread in africa, which is going to be catastrophic. you have seen the disruptions in some of the most sophisticated supply chain countri

here isrd headlines, karina mitchell. >> u.k. boris johnson is in intensive care after his coronavirus condition worsened. he was admitted sunday after spending 10 days in isolation. more seriously ill monday afternoon, although he remains conscious. the foreign secretary is deputizing for the u.k. prime minister. there are faint signs coronavirus in new york could be stabilizing. the estimate from state officials is heavily qualified, saying the current level of deaths and demand for intensive care beds means hospitals in the metropolitan area will have to work at and on a sustainable -- unsustainable pace. the governor says the death rate has been effectively flat for the past two days. iris cases slow in italy -- virus cases slow in italy but they still have the highest number of infected and -- infection related deaths. germany is planning for limitless financial aid for small businesses. angela merkel is warning the eu faces the biggest challenge since its foundation. consumer confidence in japan slumped to its lowest level

i'm karina mitchell. this is bloomberg. a look at how markets are trading across asia. we are seeing the nikkei experiencing its best day since march 27. gaining 2% at the moment. the kospi, up more than 2% at the highest level since mid-march. we have seen a little bit of pressure for korea's foreign reserves. the be ok say they are considering loans to firms if needed. the be ok acting as a lender for a last resort. 300 gaining 3%. real estate and tech leading the gains. the only major benchmark falling is the qe. take a look at the kiwi dollar unchanged at the moment. as we continue to see upsides for the u.s. dollar against the japanese yen. the dollar continues to act as a safe haven, gaining a quarter percent while u.s. futures are up 2.8%. this after we saw u.s. stocks slumping last week. not contributing to sentiment. oil sharply lower again after a couple of good session towards the end of last week. that optimism starting to get shaken in terms of a deal. scheduled to been hold a virtual meeting on monday. that ha

karina: this is "daybreak asia." i am karina mitchell with the first word headlines.ederal reserve has kicked off its latest meeting i made an economy and labor market that are freefalling in the worst crisis since the great depression. members gathered against the backdrops of dismal data with more than 26 million americans applying for unemployment benefits and survivors triggered business and social lockdowns. retail sales have dropped at a record pace while home sales plunged. cases of coronavirus in the u.s. rose two point 5% from the day before, taking the overall total above one million. that is higher than monday's new infection rate but below the average daily increase over the past week. 3.7% to just over 57,000, surpassing the number of fatalities suffered in the vietnam war. new york city reported a decline in hospitalizations. scientists in china say covid-19 is probably here to stay and will return in seasonal worms like lesser flu infections. researchers say it is unlikely the new virus will disappear the 17 years ago as the asymptomatic effects make it

. ♪ karina: you are watching "daybreak asia." i am karina mitchell at the first word headlines.ermany sees the pandemic pushing the economy to its worst recession since world war ii as business and household confidence collapses across europe. adp is forecast to fall by more than 6%, more than in the financial crisis, with a low point expected sometime in the second quarter. the government hopes its rescue pam it -- package helps limit the damage. japan's prefectures are set to ask the government to extend the state of emergency as coronavirus cases continue to rise. a representative said the situation remains severe. unemployment cases were surging in south korea is 9 million people registering for aid in indonesia. the labor market with its sharpest contraction since sars in singapore. jay powell says the coronavirus has brought the economy to an abrupt halt. up thetalked heartbreaking harm the pandemic has caused and said activity will likely fall at an unprecedented rate in the coming months. he said there may be a need for more fed action to support the recovery. global new

i'm karina mitchell. this is bloomberg. hearahead, more from the imf's chief economist on why the coronavirus created a crisis like no other. this as the fund forecasts a 3% contraction in global growth. coming up next, the head of asia research tells us why tech stocks continue to outperform as markets swing in both directions. this is bloomberg. ♪ haidi: southeast asian equities have risen more than 20% from recent lows with consumer stock leading gains. let's get perspective with julius baer head of asia research mark matthews. we are talking about markets such as the philippines, indonesia, thailand, all entering bull market territory. i do wonder how surprising this is given the dollar remains fairly strong. mark: the dollar has actually been declining for over a week now. i think you hit the nail on the head. that is probably the reason why these markets are rising. they are inversely correlated with the dollar. there is a general sense that the liquidity funding scramble for liquidity is over and the fed is providing

haslinda: let's get a first word headlines with karina mitchell in new york. administration is temporarily halting tariff payments. to decision does not apply countervailing measures. beijing andst airbus remains in place. it allows for 90 days. virus cases in india have rose to 1400 new infections, taking the total to 16,000. the lockdown enters its fourth week. india steps up testing with infections up 78% in the last week. dr. say the true number is far higher -- doctors say the true number is far higher. virussia is tightening restrictions. infection numbers rise. it will affect about 9 million more people as the virus continues to spread. indonesia has reported the biggest daily increase of cases and the government is widening restrictions for cities around jakarta. western europe is reporting a decline in pandemic cases. coronavirus fatalities in spain -- the smallest one-day climb since march 22. italy reported its fewest deaths in a week. u.k.from germany and the also show an improvement. global news, 24 hours a day, on air and on quicktake by bloomber

i am karina mitchell. this is bloomberg. yvonne.e: back to one of our top earnings of stories in asia this morning. samsung reported it to percent slide on net income to $4 billion in the first quarter. south korea's largest company warns that overall earnings for the second quarter may fall but expect server demand to keep rising on online activities due to the coronavirus. theing us from seoul is investment semiconductor analyst. thank you so much for joining us. it seems like samsung, at this point, in terms of the guidance, are not painting a rosy picture for the outlook of the company for now. what is your take on these earnings? >> they finished their conference. their earnings guidance for the q2 is very conservative. during their conference call in q&a sessions, it seems that they thevery ready to handle post covid-19 situation, so even though there earnings are conservative, in terms of their semiconductor business and their strategy, it seems that they are very ready for it this month. yvonne: maybe perhaps a little bit mo

. ♪ karina: you are watching "daybreak asia." i am karina mitchell with the first word headlines.apan is adding 14 more countries to its entry ban list as coronavirus cases rise. the affected nations include russia and saudi arabia and people who have been in any of them for two weeks for heading to japan will not be allowed in. the government had already banned 70 countries from entry. tokyo tries to stem the fallout from the infections. japan has more than 13,000 virus cases and 364 fatalities. in other virus developments in asia, the indian government may guarantee almost $40 billion of loans to small businesses and made plans to reopen the economy after a 40 day lockdown. indonesia to allocate $1.5 billion to help people left without a job by the virus. in the philippines says it may soon ease virus restrictions that have been in place since the middle of march. new zealand is entering the post lockdown world, reporting five new coronavirus cases with some of the world's most stringent restrictions. the government says there have been no new community transmissions and the wor

i'm karina mitchell. this is bloomberg. we saw the earnings call for facebook wrap up. mark zuckerberg said the impact of the coronavirus may be worse than what we are predicting, saying we will see a meaningful economic hit for the health emergency. all of that depends on the efficacy of the shelter-in-place order. he doesn't think he has any particular insight, but it would be worse than what people are predicting. facebook reported an 18% increase in first-quarter revenue, showing there was still advertising demand. earnings call on the way for microsoft. the cfo saying the forecast for fourth quarter operating expenses are between 11.8 billion and $11.9 billion. revenue for the fourth quarter between 11.7 and $11.3 billion. we have seen quarterly sales and profit rising. we have seen their internet-based software and cloud services doing better because more people are working from home. we have seen the shift from its ceo for years trying to focus on cloud software. microsoft saying they will aggressively expand cloud infrastructure next year, that they will make si

karina iris has a sleeping again for the article by john griffiths says that what people are sleepingenagers are sleeping better and teenagers are getting up later. are you sleeping better? i am sleeping better. i don't have very far to walk to my office nowadays in the morning. so i don't have to get up quite as early as i normally do. and i'io quite as early as i normally do. and no surprise i think this article that teenagers are using the time to spend a lot more of you in bed, what i think is interesting about this is that this is a positive story, there's obviously one kind of benefit of lockdown and is go to be a struggle for all of us to get back to work. they says people are having unusually vivid dreams. that is curious, the unusually vivid dreams. iimaginea curious, the unusually vivid dreams. i imagine a lot of that has to do with the new quietness. it's really noticeable. i'm not in a city but people are talking about hearing birdsong for the first time. so even in this crisis of anxiety and worry and concern about so many things we are apparently able to sleep. which of

i'm karina mitchell. this is bloomberg.navirus pandemic is changing the way people pay for purchases in the age of social distancing and lockdowns. more on switching to contactless payments, and in that regard asia pac leads the world. joining us is copresident of asia pac, which by the way released third-quarter earnings overnight. q1 earnings beat estimates. give us a sense of how much asia contribute it to that -- contributed to that. how strong is asia looking? >> we came out of 2019 with strong momentum. the month of january, we sustained that momentum. as you well know, pretty much across the world we have seen the whole lockdown thing happen. asia is no exception. we have seen a significant slowdown in consumer spending behavior just with the nature of the lockdowns. on the backdrop of that, we delivered a strong first quarter. is more thanhat is -- what we are focused on in the asia pac region is investing heavily and creating more diversification in the revenue pools of analytics, cyber intelligence. i think that i

. ♪ >> i'm karina mitchell with the first word headlines.oronavirus marches on even as some nations report and apparent slowing of cases. new york state reported its deadliest case yet, with 81,000 deaths. the white house economic advisor larry is striking an optimistic note, telling politico that the u.s. economy may be able to reopen in the next month or so. he says plans are already underway for the post virus world. meanwhile, china is lifting travel restrictions in wuhan, the city where the coronavirus initially emerged. the city has been in lockdown for 11 weeks with millions of people cap at home. trains from other cities have resume services to wuhan and the move comes after china announced no new daily virus deaths for the first time. final travel curbs in wuhan will be finally lifted later wednesday. fewest newted its virus infection since march 13 as the government considers easing some movement restrictions in the coming weeks. just over 3000 new cases recorded in the last 24 hours, compared with 3500 a day earlier. food and heal

i am karina mitchell. this is bloomberg. yvonne: let's take a look at markets right now.ned out of a lunch break, reacting to that boj decision, unlimited qe cap, also adjusting their foreign guidance. they have cut their full year 2020 forecast to -5% to -3% growth. also raising the ceiling when it comes to buying corporate bonds. the boj takes action. we are looking at the markets. we continue to see the gains above 2% for the nikkei 225, and the topix getting 1.24%. the japanese yen, we are seeing strength, but still hovering around that 1.07 mark. one base move when it comes to the 10 year. it looks like this was largely expected, given the nikkei report we saw last week, which was very similar to what sources were saying back then. one line crossing through, the presser from governor kuroda will be happening at 3:30 p.m., japan time. that will be something to look out for to see any more clues for what is to come for the bank of japan. it seems like there is unlimited qe, but is there a capacity or a willingness to follow through on that? yen ticking higher after the

karina mitchell, abc news, new york. >>> overseas, france is emerging as the new hot spot in europe forhe coronavirus. more than 1,000 people died in just 48 hours. leader there is expect to expand the lockdown past the current d that's a slight decrease for the second day in a row, but the country's overtaken italy now in total number of cases with more than 124,000. and tonight, queen elizabeth will deliver a rare address to the uk about the pandemic. >>> coming up on "this week" secretary of defense mark esper will talk about the covid-19 threat and the government's response, 2020 democratic presidential candidate joe biden will appear. you can watch the full interviews on "this week with george stephanopolous" on 8:00 on abc 7. >>> the nra is suing four bay area counties ordering gun stores to closed at nonessential businesses. according to sf gate the federal lawsuit filed this past week targets alameda, contra costa, santa clara and san mateo counties for violating the second amendment. local residents, gun stores and gun rights groups also signed on. there's a reported uptick in

abc news reporter karina mitchell has more on that and the states opening this week. >> reporter: ase covid-19 cases. at least 40 new infections of the novel coronavirus in milwaukee county, tied to the wisconsin election on april 7th. and in st. charles, illinois, a smithfield foods facility ordered to close by the health department because of covid-19. county officials working with the company on mitigation efforts. 20,000 businesses across minnesota are preparing to reopen on monday, affecting up to 100,000 workers. new york governor andrew cuomo says he and the governors of bordering states continue to coordinate reopening plans. >> we're working towards trying to come to a consensus on principles, but there is an acknowledgment within the states everyone is going to be on their own time line. the major goal is to not undermine one another's success in dealing with the infection rates within the states. >> reporter: this as poison control centers across the country deal with a growing number of calls amid the covid-19 pandemic. in new york city, an unusually high number of calls

para que nos cuente quÉ es lo que estÁ pasando, buenos dÍas karina. >> asÍ es, querido sandarti, muysin ventas serÁ una crisis mayor, hoy amanecemos con 882 casos de contagios, fallecidos mÁs de 700 y hace algunos minutos se ha decretado la fase tres de mÉxico por coronavirus lo que significa que hay mÁs contagios que se cuentan por millones en el territorio nacional. >> asÍ es karina, y junto con mÁs contagios, con la fase tres hay mÁs restricciones lo cual esperemos que no vaya a empeorar la situaciÓn economica y sobre todo que estos posibles brotes de saqueos se empiecen a dar porque es terrible que gente normal comÚn y corriente de repente se conviertan en delincuentes por saquear un lugar y robar cosas que ni siquiera son bÁsicas en un momento asÍ, gracias karina al rato seguimos con mÁs porque tenemos un tema que tambiÉn hablaremos con karina cuando volvamos a "un nuevo dÍa" ya que desesperada y en medio de la cuarentena que se vive en mÉxico, llega ninel conde a la corte para denunciar que giovanni medina no le deja ver a su hijo, te contamos todos los detalles. >> y serÁ que

karina mitchell, abc news, new york. >>> new this morning, we're learning contra costa county may askonly mail-in balance tlots for e general election. many notified the office they won't be able to volunteer because of health and safety concerns. the board of supervisor also discuss the issue at its meeting this week. last week wisconsin received criticism for holdingelection. thousands broke orders to cast their ballots. >>> more than 100 sailors with coronaru the "uss theodore roosevelt" more than a tenth of the ship's crew of 4,le 00. a majority of the sailors tested negative are moved to shore. captain brett crozier was firefe his removal causing outrage causing the acting navy secretary who fired him to step down. >>> coming up, dr. stephen hahn, fda commissioner, will discuss the latest on the covid-19 threat and the governor's response. watch the full interview on "this week with george stephanopolous" on abc 7. >>> one church in south carolina people under a stay-at-home order tuesday night but the congregation met in a parking lot, listened to the pastor's sermon on the radi

muchos Ño obedecen para irnos, karina monroy para que nos cuenten quÉ estÁn haciendo las autoridades casos y con 296 muertos >> esto es real, es una pandemia mundial por favor quÉdate en casa cuÍdate y cuidanos. >> con una grabaciÓn ni creo que estuvieran vendiendo tamales posiblemente llegar a los arrestos si la gente no hace caso karina te mando un beso cuando regresemos hablaremos de que nuestra querida adamari lÓpez vuelve a ser portada en la revista people en espaÑol, revista en la que le dio entrevista en que hablÓ sobre su plan de dieta, su vida en pareja > le agarrÓ la pandemia desde brasil y desde mÉxico nos cuenta toda su odisea y acerca de sus nuevo proyectos ahora hasta las 11:30 de la maÑana no estÁs solo, ya volvemos. >> mi gente ya de regreso y bueno les cuento algo, hoy sale a la venta la revista people en espaÑol y como siempre vamos a disfrutar muchÍsimo y saben por quÉ? porque adamari lÓpez es una vez mÁs la portada de esta linda revista y ademÁs revelÓ varios secretos a todos los lectores en exclusiva para people en espaÑol para conocer todo lo que sucedÓo en esta

as karina hitchle explains, even with staggering death numbers, there are signs of hope. >> reporter:ing a grim milestone this weekend, more than 20,000 americans are known to have died from covid-19, and on this easter sunday, new fears of fuher spread as some still plan to gather to celebrate, including pastor jesse horton in jackson, mississippi. >> we will more than likely have more than ten. we will be sitting spaced as they wish. >> reporter: the kansas supreme court deciding saturday an executive order banning services over ten people will stand, just hours before the start of easter services. in kentucky, governor andy beshear says anyone gathering at in-person church services will be required to quarantine for 14 days and in new york state the hardest-hit area in the u.s., the virus has killed more than 8,600 residents, but officials say there are encouraging signs. >> the number of hospitalizations appears to have hit an apex and the apex appears to be a plateau, which is what many of the models predicted that it wasn't going to be a straight up and straight down. it was goi

i'm karina mitchell. this is bloomberg.he chairman of maruti suzuki joins the chauffeur an exclusive interview as we discussed the impact of india's nationwide lockdown and plans to restart production. next, the outlook for asian equities and where it is finding good values in the energy sector. plenty more to come. this is bloomberg. ♪ andaad: the stock markets global stocks, investors again ready for an earnings season likely to show unprecedented uncertain the. this, after historic deal to cut out. let's bring in the director of asian equity research at morningstar. badnow it is bad, just how it is going to be. i am talking about the earnings season. butt is going to be bad, the second could potentially be worse, especially for those asian companies more global in nature. , first,ourselves for bad news -- rishaad: the other aspect, what are the industry groups that you are likely to see the biggest damage done to and the ones that are likely to be the least skate? -- the least scathed? ofraine: a good reflection probably

headlines with karina mitchell in new look -- york. who is warning against optimism, saying the best -- worst might be at the con. the crisis is not over and worse may be ahead. politicians and advisors do not understand the nature or danger of covid-19. us.he worst is yet ahead of they have the wrong conclusions. they did not know it and got into trouble. a six straight day in new york of decline. governor andrew cuomo says the infection peak may have passed. dr. anthony fauci is warning people protesting against the lockdown that reopening the u.s. economy too soon may cause more serious harm. where the coronavirus first reported was rejecting any role in spreading the infection around the globe. reports from soul suggests the north korean leader may be seriously ill. that insights a website quotes a person in the north saying he underwent cardiovascular surgery earlier this month. north korea watchers have been speculating after he missed several political meetings in recent days. global news, 24 hours a day, on air and on quicktake

karina mitchell, abc news, new york. >>> overseas, france is emerging as the new hot spot in europe forhe coronavirus. more than 1,000 people died in just 48 hours. leader there is expect to expand the lockdown past the current date of april 15th. spain is also reporting more than 800 deaths in one day, that's a slight decrease for the second day in a row, but the country's overtaken italy now in total number of cases with more than 124,000. and tonight, queen elizabeth will deliver a rare address to the uk about the pandemic. >>> coming up on "this week" secretary of defense mark esper will talk about the covid-19 threat and the government's response, 2020 democratic presidential candidate joe biden will appear. you can watch the full interviews on "this week with george stephanopolous" on 8:00 on abc 7. >>> the nra is suing four bay area counties ordering gun stores to closed at nonessential businesses. according to sf gate the federal lawsuit filed this past week targets alameda, contra costa, santa clara and san mateo counties for violating the second amendment. local residents, gun

vea esta fotografÍa, es karina bernal. trabaja en un supermercado de san francisco.

we think that that is a lesson that we concerned from karina, if you are being evacuated you should takeour pet with you. i have a carrier, and you need to have a carrier that you can fit your pet in comfortably and you need to take your pet with you when you were evacuated. >> i am going to thank you very much for joining us and bringing oreo today. and i am gogogogogogogogogogogoo