nejra: that was mubadala investment company ceo khaldoon al-mubarak.ing up, a timeline for the recovery. we hear from financial and economic thinkers at the bloomberg invest forum on monday. that is next. this is bloomberg. ♪ v in terms see a big of the economy going up for the next few months because it has been closed. >> i think we are going to begin a recovery certainly by year-end. i don't think we will be close to a normal economy until the second half of 2021. >> you are going to have a third quarter that is going to be stronger than the second quarter. the second quarter will be like the trough. there will be some progress. it is going to look like there is recovery, and there is going to be some expectation, some enthusiasm. >> the market is fragile and , at that little something wobble people aren't ready could provide the stimulus. nejra: some key figures at the invest forum monday with their outlook on the shape and timeline for in economic recovery. martin malone, chief economic advisor for alphabook, is still with us. book recovery trades

was manus cranny speaking with the dividend cfo of mubadala. -- with the deputy cfo of mubadala.inly how the markets are interpreting it. part of it is that an part of a discussion on the markets because the coronavirus infection rates are jumping in parts of america. that means that a lot of the markets are a lot more cautious, partly do of course to what we also saw last week. so i am looking at the ftse, the downthe cac, the ftse between 2.5% and 3%. if you look at the other asset classes that are moving. i do want to show you what is going on with gold. european policymakers, many of you know, meet today to decide whether to boost aid, and we will know a bit more on the negotiation's between the u.k. and the e.u., how they are actually going. are down i don't know if significantly, but it feels like a bit of a correction, or the start of a possible correction. "bloomberg surveillance" continues in the tower. we speak with former ecb president jean-claude trichet. this is bloomberg. ♪ francine: markets sink as a second wave of covid-19 hits america. cases top two million in th

speaking with saeed mohammed hamad fares al mazrouei , deputy cfo / head of mergers & acquisitions, mubadalaesting movers right now that we have in the market include unilever. it is combining into one entity in london. currently it is a dutch and british, but it wants to give it another shot under one parent company. fiat chrysler facing a longer psa that probe with may be are looking for, a drop of 5% on the index in milan. lufthansa down by 10%. writers says it has 26,000 employees, too many. the stock is being decimated. this is bloomberg. ♪ anna: welcome back to "bloomberg markets: european open." a half hour into the trading session and it is a week one. the stoxx 600 down by 2.3%. 2.8%.h ibex down by losses of more than 2% on the major indexes. fears of the second wave in the and the ability of the u.s. economy to recover. the guess we spoke to an half hour did not think the fed was more negative on the economic recovery than had been expected or the market had generally already thought. we see all the sectors in negative territory, and some ,hat have been on the rise value stocks tha