joining me is michael louis, a fantastic author.ad all of his books, you're really missing out. he's written a ton of best sellers, including "the fifth risk", which is about president trump and his administration and who he says is ill equipped to handle the government. i wonder what you make of the administration's response that you've seen thus far and how it relates to what you wrote about in this book and predicted? >> you know, it's sad to watch, not hard to have predicted. because if you just go back to the way they behaved when they took office, you could see something was going to happen, right? i mean, he had by law to prepare a transition team of hundreds and hundreds of people who were supposed to go in and kind of learn how this government that he was supposed to run worked the day after the election and he fired the entire operation. and then made a great show of like tossing the briefing books that they might have used to brief him in the garbage can. so you had this situation where, i mean, the reason i wrote the fif

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michael: what are you looking at from your perch in st. louis? what do you want to know? mr. hat am i hearing? michael: and what numbers are you looking at? what is going to help you make a decision and figure out what is going on with everything? alix: what is your desert island indicator, the one economic indicator you want to be with on a desert island. [laughter] mr. bullard: i prefer to have a bloomberg terminal. alix: which we appreciate. [laughter] guess some of the areas that are most severely impacted in the eighth district are probably logistics and logistics services. you've got intermodal, for instance, or trucking, see you watch things like that. we have a big retailer in the district. this narrative that everyone is going to stay home and the economy is going to totally shut down, you kind of want real-time data to see if that is really happening. i think that is really what you would want to know here, whether that is really happening. and how much of that is really affecting consumption, or is it just shifting consumption and shifting habits from what they woul

to gain out those james bullard numbers, 25 percent, 30% unemployment, michael mckee speaking with dr. bullard yesterday in st. louis: it was a good interview, and a number of things we went through. treasuries advancing, dollar climbing for a second day. wti rising after a three-day slump. yen, we had a couple of movement from boj, yen sinking at the end of the fiscal year adjustment. tom: a timely conversation, mohamed younis will join us from gallup to look at the mood of america in this terrific crisis. ♪ these days you need faster internet that does all you expect and way more. that's xfinity xfi. get powerful wifi coverage that leaves no room behind with xfi pods. and now xfi advanced security is free with the xfi gateway, giving you an added layer of network protection, so every device that's connected is protected. that's a $72 a year value. no one else offers this. faster speed, coverage, and free advanced security at an unbeatable value with xfinity xfi. can your internet do that? ♪ good morning, everyone, bloomberg "surveillance." thank you for being with us. what is so america, different of the gallup or

michael mckee, relaxed. no jacket. i like that on this monday. later on, he will be speaking with st. louis said president jim bullard. don't miss that. now back to the markets. oil slumping to a 17, 18 year low. the world's largest economies continuing lockdown. annmarie hordern joins us for more now. walk us through the moves of the morning. at one point overnight dropping below $20 a barrel. right now, brent trading around $22 a barrel. really come of the story is this dual shock supply and demand, but everyone is focused on demand. goldman sachs saying the world -- isng about 26 pumping 26 million barrels a day. europe fallsities, lower than asia this morning. 0.6%toxx 600 training down , the ftse 100 down 0.8%. u.s. futures are a bit mixed. we are seeing them hit the green, but dow futures are in the red. a lot of this comes as more uncertainty from over the weekend, more numbers about the virus, and trump abandoning his ambition to reopen america by easter. this new normal we are used to will remain in place until at least april 30. what i have been looking at drop most of the session

louis fed president, jim bullard speaking exclusively to michael mckee on bloomberg.lew of companies out today suspending dividends and buybacks. probably the biggest dividend suspension or buybacks suspension we have seen so far this morning is wpp. thereby that program has been suspended as well as their final dividends. akzonobel isingly, out with a statement saying they goal.spending their 2020 when you say you are suspending your financial ambition, i feel it has a broad meaning. anna: anyone wrestling at home may be suspending their ambition but in terms of hearing that from corporate's, ericsson is also interested. saying the 5g market is growing faster than most analysts had expected. they have notr seen any material impact on their business. points to how difficult it is to break contracts in that industry. do they have more visibility in that industry? and a lot of people need these telecom surfaces -- services. matt: another question to add is does this mean that businesses and maybe national governments are steering clear of huawei instead of ericsson when

louis fed president, james bullard, says the u.s. can afford adding trillions of dollars of debt to provide necessary fiscal support for the economy. he spoke exclusively to michaelee. james: i did want to see pandemic relief. i would not call it stimulus, i would call it pandemic relief. what i interpret the program as trying to do is to stabilize incomes, stabilize businesses as we work our way through this investment in our national health over the next couple of months here. on unemployment, we do have a blog on this. if you read the blog carefully, you will see that there is a way to bound the unemployment rate. it will be somewhere between 10% and i think the upper bound is like 42%. but that is because we are just identifying vulnerable workers isthis environment, and what going to happen is that those workers, some of those workers, are going to have to seek relief so they can pay their bills through this period. we expect the unemployment rate to spike, but let's call that pandemic relief. then they can pay their bills, and once the virus goes away, we will be able to return to normal. hopefully, if this works inothly, and there is a lot the legislation,

louis fed this can well afford adding trees of dollars of debt. he spoke exclusively to bloomberg's michaelckee earlier. >> i did want to see pandemic relief. i wouldn't call it stimulus, i would call it pandemic relief. when i interpret the program is trying to do is stabilize incomes and stabilize businesses as we work our way through this investment in our national health over the next couple of months. have aployment, we do blog, if you read the blog carefully you will see there is a way to bound the unemployment rate. somewhere between 10% and the upper bound is like 42%, but that is because we are just identifying vulnerable workers in this environment and what is going to happen is that some of those workers are going to have to seek relief so they can pay their bills during this period. so we are expecting the deployment rate to spike. with pandemic relief, they can pay their bills, and once the virus goes away, they will be able to return to normal. hopefully if this all works smoothly, and there's a lot of legislation as well, we will be able to come out on the others and get the

michael bloomberg, not only are they needed on team biden but they are welcome here. joe biden is leading in the delegate count and also has more money to campaign with. the crowd in st. louisve seen covering joe biden on the trail. he is also out with a new ad pushing back attacks coming from bernie sanders saying that negative ads only help president trump. senator sanders meanwhile is meeting biden on trade agreements and sanders believe hurts the rust belt as well as social security. hillary clinton won this state back in 2016 it was incredible close and 2,000 between votes and senator sanders and all 6 votes -- 6 states excuse me, are going to vote on tuesday. michigan, missouri, mississippi, north dakota, idaho and washington, gillian. gillian: ellison barber live in st. louis, thank you so much. ♪ ♪ leland: it would be an understatement to say it was a wild week on wall street. the coronavirus is shaking investor confidence, confidence around the world and the economy. what does all mean for you and your wallet because it's not over yet, after the break. is that net carbs or total?... eh, not enough fiber- chocolate would be good- snacking should be sweet and simple.