ken rogoff, thank you for joining us. ken rogoff of harvard university. eak to professor rogoff more. let's get straight to first word news. today, president trump will sign an executive order on police conduct and reforms. it is his response to nationwide protests over george floyd. the order will lorch -- will urge police to restrict force policies. there will be grants for departments who curb chokeholds. the federal reserve is stepping up its emergency lending. the bank will begin buying individual corporate bonds. until now, the fed has only about exchange traded funds. the fed says it will allow a diversified market index of corporate bonds today. out ag trying to single new coronavirus out rick. -- coronavirus outbreak. beijing closed and food market after a case linked to the original cluster was discovered. invard has joined its peers a major shift in college admissions, it won't require standardized testing for the fall of 2021. the pandemic has restricted act.s to the sat and the harvard says the changes temporary. global news, 24 hours a day, o

not only will ken rogoff be with thrilled to bring you adam tooze.f our most transient thinkers about this moment, and indeed the political economy. adam tooze will join us. this is bloomberg. ♪ save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need- starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. it's the most reliable wireless network. and it could save you hundreds. xfinity mobile. ♪ tom: this morning, what is the emergency that requires an emergency lending program from the fed? 500, a correction below valentine's day peak. maybe they will start buying amazon bonds. young, there is an infrastructure emergency in america. here, onelion trillion they are, that is a lot of bridges to rebuild. it must be an election year. anxiety returns to beijing, it has nev