the office of nestle care a goi carrying ch“ 977: 7 7 0ns two weeks ago, the office of nestle carearrying it u nless could potentially be carrying it unless they are being checked and taking all the ppe on and are scrubbing them cells properly for sub and that is the worry. —— scrubbing themselves properly. what do you think, dawn? absolutely. i think there is a worry, we know the virus affects older people disproportionately, but i think some people made the arguments that these debts are less tragic —— deaths are a lot less tragic because people would have died anyway. everyone deserves a dignified death and at the moment, people with cover 19 in ca re the moment, people with cover 19 in care homes are not getting it and they are not seeing their family and their last few weeks. let's go to their last few weeks. let's go to the guardian now. a picture of medics in spain, it should be to a colleague who died. let's talk about spain. —— a tribute to a colleague. we have seen spain relaxing restrictions, going back to the kind of lockdown that we have at the moment, right? yes, so th

will you have to do the same with nestle?ark: well, we have not commented on our forecast specifically, and we have even in february said that whatever we were forecasting at the time was pre any coronavirus impact. like now, it just is a mistake to speculate on which turn this crisis is going to take next, so i think for the moment, it is all about givingng the actuals, people an understanding of what the implications are of this crisis, but not so much about speculation at what the rest of the year is going to look like over time after that. nejra: we hope to catch up with you again as the crisis evolves. nestle's ceo mark schneider, thank you for your time. newly up, we speak to the appointed chancellor. don't miss that next with new leadership for labor. we will speak to the australian -- austrian finance minister in of thest interview day shortly after 10:00. ♪ awesome internet. it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they'r

nestle is heavily focused on food, and our analysts at bloom or intelligence pointing out that nestlebloomberg intelligence wanting out that bytle stands to benefit securing its supply chains. its products are going to stay on the shelves and ultimate find their way into consumer pantries. that means it's organic sales growth target. vonnie: thank you. coming up, we are speaking with inovio ceo joseph kim about the company's testing for a coronavirus vaccine. this is bloomberg. ♪ vonnie: live from new york city, i'm vonnie quinn with guy johnson in london. this is "bloomberg markets." let's get the latest on the coronavirus. here's viviana hurtado. spain seeing the fewest deaths in five weeks, and newco virus -- and new coronavirus cases. there is no sign that spain is going to ease up on social restrictions. one nation that did begin the process of loosening the lockdown is germany. small shops began reopening, but new infections and deaths rise. the economy could shrink up to 7%, the biggest contraction since 1950, according to spiegel. russia has seen new cases spike for 10 days. s

of nestle, world's largest food company. mr. schneider, welcome back to "mad money." >> thank you, jim. thank you for having me back >> sir, you're a remarkable company. not just because of the breadth of products you have, but you're an incredibly charitable company. what i want to talk about in this terrible age of covid adds the world's largest food company, how are you able to get food to the super markets and fill all those shelves that are constantly having to be restocked? because i can't find your stuff in the super market a lot because it's snapped up constantly >> look, this was a tremendous global surge in demand as people were stocking their pantries in order to get prepared and spend more time at home. and so we're scrambling, we're working as hard as we can. business is our main purpose at this hour to make sure shelves and pantries are stocked and people have essential food and beverage products. of course, this was an upsurge no one got prepared for and we're scrambling to meet demand and working hard at it >> on

nestle posting first-quarter sales that were better than expected.de lockdown is good for business. consumers loading up on nestle frozen foods. that boosted brands that have recently faltered. that includes hot pockets and stouffers. alix: thanks so much. the lockdown may have been good for nestle's business, but if you love bacon, here is something you definitely want to pay attention to. the u.s. is one step closer to a meat shortage. american production has been shuttered. yesterday, tysons food said it was shutting a beef facility in washington state. it already closed two port plants. workers are coming down with the virus, and so our employees that inspect the facilities. not surprisingly, meat prices are surging. , ass also regionally emerging market companies retrench and keep the supplies at home. some investors really looking at food inflation is the next big problem. coming up, we are looking at how to allocate assets with sebastien page, t. rowe price head of multi-asset strategy. this is bloomberg. ♪ awesome internet. it's more than jus

tom, with the global supply , nestle food products has an important role to play.he chief executive of the world food company mark schneider of nestle about the impact the virus is having. it is a bloomberg exclusive. >> this is an unprecedented time. we have seen strong demand for some of our essential food and beverage products. communitiesn those and countries that have been hard-hit. priorities in this period, first as the health and safety of employees. stay healthy all we can make a positive contribution. plus, continuity. even under adverse conditions we are trying to maintain manufacture of our products. in 100 87 countries, it is important to us to get a helping dutyover the call of around the world where we are present. business the continuity, do you have all of your raw material supply guaranteed? >> the minute we saw this crisis spread, we were trying to improve inventory levels at all levels of manufacturing. also finished goods. obviously there was very little time. flexibility is what is required right now. we have logistics constraints, sometimes y

the sauce on the eyes this is the golden time now this is here nestle this is a. puzzle for this isn't a bad one that it's not enough. just . put it so that you. can almost 30. 3rd because i'm almost. sure you do this you don't if it all go together they will suck. on what. does. that's what they call the part of the prefecture to which access is still restricted. the highway runs right through this section and it's fenced off on both sides. trespassing is strictly prohibited those images hang over the road to indicate the current radiation level. restricted access areas are marked in red. lucia's a district that is a bell to be reopened and areas to which people can already return are in green. in the spring of 2080 in the or thirty's reopened. directly adjacent to the nuclear bell blunt. your door and open call were very high up there who moved from all over these days they don't get together very often ever since akumal was partially reopened allowing residents the administration and police to read. turn the team of volunteers who watched over the abandoned cit

if your family is in need nestlé pure life and no kid hungry are here to help.ontinuo y poderoso para las alergias de tus hijos en metro, sabemos que mantenerse conectado es importante. ahorra con nuestro precio más bajo en datos sin límites. obtén dos líneas por 40 dólares cada línea. y punto. todo en la red de t-mobile. mantente conectado con metro by t-mobile. ♪ ♪ ♪ >> muchas gracias por continuar con nosotros, seguimos con las noticias, esta crisis del coronavirus, estÁ golpeando muy fuerte la economÍa global, eso lo sabemos todos, pero ¿cÓmo se estÁn viendo afectadas las pequeÑas comunidades que ayudan que haya alimento en este confinamiento? ellos habÍan avanzado en lo que respecta a sus derechos pero ahora las cosas han cambiado, rogelio mora-tagle hablÓ con ellos y nos acompaÑa aquÍ en el estudio, bienvenido ¿quÉ te dijeron? >> ¿quÉ tal? paulina hablo a los con trabajadores agrÍcolas en la comunidad cerca de miami como a una hora y media manejando por aquÍ es un lugar poco conocido, pero ahÍ para que tengan una idea se produce el 90% de los tomates en in

posts a loss and warns it will run out of cash in weeks if it does not get government support >> nestle sales drop as the lockdown bites but they say it is too early to know the impact. >>> the spread between the italian and german tenure lead ahead of the rescue fund unresolved despite more support >> translator: substantial investments to the european union will be necessary. i have made it clear we will not be continuing before the pandemic this will also be a mart of the pandemic in the future >>> retail sales with a record surge in march not enough to help with the free fall in foot fall and other goods. >>> a very warm welcome to "street signs. fresh tape out of germany. painting a grim picture now crossing the tape, we've got the ifo business survey showing the business climate index in april has come in at 74.3. that's well below expectations of an 80 print the current index has come in at 70.5 in april just below the fra forecasted 81 there. the german ifo says the coronavirus crisis is striking the german economy with fury the german index has crasshed to the lowest value ever

that was mark snyder, ceo of nestle, speaking exclusively to bloomberg.ndrew cuomo holding his daily briefing, saying that the number loweres in new york is for a second day in a row. schoolss for you kids, and nonessential businesses remain closed until april 29. if you are a businessman you don't like that. if you are a kid at home, you probably do. still ahead, homebuilders are surging today. why? we look at the recent. -- this is power "balance of power euro ♪ --." ♪ mike: this is "balance of power ," i'm michael mckee, sitting in today for david westin. the stock of the hour is heritage homes and home builders in general, spiking higher eight confirmed results for lumber prices rising. abigail doolittle is you the story. it seems odd that they are rising in this environment. mark: it does, but we have a rally on the date homebuilders, behind that to a long heart is heritage homes -- large part is heritage homes. upgrading for the first quarter, if you can believe that. homebuilder break into luxury homes, relative to the first quarter they are extrem

nestle numbers coming out strong. we will see weakness as well. lvmh under pressure.tocks weakening as well. the ftse 100 down 1.20%. the downingway from street briefing, the final one of the monday through friday. we will see what we get in terms of the news on ppe, which is a dominant theme at the moment. we understand the prime minister will be back to work on monday. we will take the briefing on the cable show at the top the hour on dab digital radio and the london area and around the world on all of your bloomberg devices. this is bloomberg. ♪ vonnie: live from new york, i vonnie quinn along with guy johnson in london. this is the european close on bloomberg markets. intel has joined a slew of companies and withdrawing 2020 forecast. the world's largest semiconductor maker reported a 23% jump in first-quarter revenue. a better than projected profit hosted demand by chips that run the laptop and servers need to epeople working from home. stocks down 2%. intel ceo bob swan joins us now. what is your take on what investors do not like about this report? indicated, a

that was the ceo of nestle, mark schneider.till ahead, thousands of inmates across the country are being released early in an event to prevent corona virus outbreak. we are joined by an epidemiologist with some expertise at the intersection of public health and human rights. that is next. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn. global governments are taking action on response to concerned prisons will serve as a hotspot for the spread of the coronavirus. attorney general william barr said friday he is taking immediate action to maximize appropriate transfers of inmate suitable for home confinement. in europe, justice ministers met to discuss the best ways to manage the risk of outbreaks in prison and detention centers. dr. chris beyrer is an equity mail adjust with expertise at the intersection of epidemiology and human health. he joins us now from baltimore. how do you get your arms around the ethics and constitutionality , havingsing inmates them not put themselves and others at risk of a vir

now this here nestled us in the puzzle it isn't about that it's neck and neck. so that you.can almost 30. 8. because i'm. sure you do this you don't. get over there. on what you. want to. get going. that's what they call the part of the prefecture to which access is still restricted. highway runs right through this section and it's fenced off on both sides. trespassing is strictly prohibited. meters hang over the road to indicate the current radiation level. restricted access areas are marked in red. yellow shows or districts that isabel to be reopened and areas to which people can already return are in green. in the spring of 2080 in the or thirty's reopened. directly adjacent to the nuclear bell blunt. your door knob i'm quite well behind up there who moved from all over these days they don't get together very often ever since akumal was partially reopened allowing residents the administration and police to return the team of volunteers who watched over the abandoned city for 8 years has been. dispended and all plus still and all its on and on people pull. it all. going to

. >> reporter: far from the hellish hospital scenes in new york city, nestled in the nation's heartland, sioux falls, south dakota. now home to one of the biggest covid-19 clusters in the u.s. the epicenter at this smith d-19d pork processing plant wit of rk, employing 40,000 people across the country, forced to shut down the sioux falls plant this week. some employees say they've been worried for weeks about their health and their families'. was there a lot of fear among your co-workers? >> of course, everybody was with a lot of fear to go to work every single day. >> reporter: and so what made them go to work? >> that they don't want to lose their jobs. >> reporter: the outbreak outlining the protection of workers while maintaining the country's food chain remains secure. >> for me, one person wasn't enough to shut it down, because we have a lot of contact, you know. >> reporter: she didn't want to reveal her name, even after quitting last week, after having worked there, she says, for more than ten years. >> i was thinking that it was not a safe place to work. and especially to prese

a railway trestle dad just a muscle an mama just a vessel ♪ ♪ meant to call fawn over cuddle and nestleit's always good t get a gown and a tassel ♪ ♪ son have fun with you life it's a dram just one period an all kinds of commas ♪ ♪ now you got a onesie bu then you get pajamas you know you got me ♪ ♪ and you know ya got your mama ♪ ♪ [ cheers and applause ♪ we needall the trolls. like rock, reggaeton, and techno. get ready for the drop. wait for it. -come on man hit me! wait. just do it already! ♪ one more time yeah. the world premiere is in your home friday. ♪ >> jimmy: thank you guys for tuning in for another edition of "tonight show" starring me, at home edition. and winnie, congratulations on losing another tooth oh my gosh, let's get a good look at it can we see it? oh, beautifu how luckis that? my gosh alright, so at meansou get to go wn the slide first t first, wash your hands don't touch your face. we'll see you guys tomorrow. we hav >> can i go? >>immy: yeah, of crse. yeah love you say sothing on the w down. >> jmy: all right, fnnie, you sasomething onhe way wn >> ba-ba >> love

nestled in the eastern himalayas seacom covers 7000 square kilometers roughly half the size of the german state of. the mile high city of gun talk is its capital. seacom might be part of india but in terms of agricultural policy it's forged its own path for the last 3 years. produce of valuable to its nearly 700000 inhabitants is organic only. i could go for a goodly flood because for like here's the problem i saw it's a special for you know how delicious especially good for kids for us. i go for organic food not just decides for. organic farming expert band has traveled to see them on behalf of several international organizations for sustainability he's here to see if it's agriculture really is 100 percent organic and if it is how has the state managed in his 1st impressions are positive if i just try to pepper it's fiery hot as a real bite exactly how a pepper should be this by the carrots are very fresh you can tell they were picked just yesterday. it's a pleasure to see how fresh everything is what good quality the papaya is are excellent you just want to cut them open and dig in so t

carians valley of roses lies nestled between the step and i caught up on the balcony manton southern slopes for hundreds of years to master places have been flourishing an abundant rainy winter sun in spring in some manner sheltered from the wind makes the epic conditions in the valley a catalina the town office restores here. the all that i must see in the damascus road has a very high concentration of essential rose oil that makes it one of the world's most sought after rose ferocity it's on this ragged little rose ensures that this aroma can travel around the world indeed. it was on the high doubles of the most special thing about the damascus rose is that the concentration of essential oils is highest in the early morning that is on the high as the sun rises the thick of the coating of what's on its petals and the more the essential oils decrease that means you have to be out in the fields very early in the morning to harvesters with the maximum content of essential oils. on. the precious oil services the banks from any financial. sunk area is the biggest producer of rose oil res

to conduct our coffee cooperative is nestled in the hills of northern rwanda from here that exports coffee to europe. he wants to barnsley improve on the methods of big name competitors he and his business partner alan moore biro were roommates back in berlin today they are working to create better jobs for people a new one to. many of the young people. interest in getting into coffee business because their incomes in the coffee business are too low. to change this narrative to make sure that you know. people who are involved in the coffee value chain better incomes and that will attract young people to come back into coffee business. well coffee farm is wages have fallen in recent years the coffee industry sales have been increasing over the last 2 decades companies have managed to find ways to sell coffee at ever higher prices mainly in the form of capsules and pots. but whole sale prices have seen a drastic drop. and once you make the coffee trade fair. like the clinic our coffee cooperative is their ideal partner the farmers here are independent entrepreneurs the cooperative pays good

. >> reporter: shinjuwa is nestled within japan's largest zen temple complex.asures here are the sliding doors painted hundreds of years ago. the problem is, they're not just in need of some tlc, but a full restoratation. the h head priesest started thig about how to raise the funds. a set of new doors, the first in four centuries, would create quite a buzz. he could then charge an admissioion fee to help briring old oness bacack to their forme glory. for the priest, it was time for a radical turn toward the contemporary. he asked six of japan's leading creative talents to take part. among them, hiroyuka yamaga, the man behind the hit anime. and thanks to the work of veteran manga artist kitigami, the temple's main hall was almost unrecognizable. >> translator: i was told that this is me praying for everyone's happiness. >> reporter: it's titled "paradise." across 16 sliding doors, the dead and the living occupy the same world, as if it's all just one big party. >> translator: some people objected to the new art because it's manga, but one of ththe charming thi

northern nigeria which is a place probably less travelled the most people would not nestle think of northern nigeria another area been in city again in nigeria and i think the remote who is a friend of the stream says any heritage trip has to take aim civil it must include dancing and singing with our masquerades let me give you a little taste of what that looks like. well how do you decide where you're going to take the young people what is going to be the most useful for them to learn sure so the way we work out birthright africa where essentially an umbrella organization collaborating with our education partners high schools colleges universities and community based organizations and so we are open to where ever they want to go any of the 54 countries in the african continent as long as it's the safe to travel by the state department and so it's really a desire where the communities of african descent people in the u.s. want to make that connection and so all the cities and the countries that were mentioned could be a possibility we have targets countries for sure like nigeria south afric

maria: steve pressly is the ceo and chairman of nestle., we have the energy minister of saudi arabia on the historic production cut deal, plus we are talk about markets which are up this morning. back in a moment. stay with us. every financial plan needs a cfp® professional -- confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at letsmakeaplan.org. maria: welcome back. fight or flight, cash strapped airlines during their credit card partners to sell miles for money. grady tremble is live in chicago with more. grady. >> reporter: good morning, maria. this is normally one of the busiest airports in the world but for the past few weeks this is what it has looked like and this is why the airlines as they get closer to a federal aid deal are looking into other ways to generate cash as well. the wall street journal reports united and delta are looking into selling airline miles in bulk and at a discount to their credit card partners. i reached out to both united

really infinity just in that one thing and the other thing which is jeff desperately important to nestle through to ontario 2nd question is that you can sum up the whole of monetary policy as being the paris if to keep financial assets from falling in value and particularly the lead financial assets which of course are government bonds so this is something that john lord did 300 years ago or he tried to do and he failed so he only had one asset to keep up and that was his mississippi venture he printed lever a french lever he's a lever in order to sustain the price and eventually it failed this will fail because it's not just one security it is every financial security in the world the task is massive and the attempt to sustain value in things financial assets will destroy the currencies and i love the john locke comparison and anyone interested in this topic said it really explored john law and more recently a similar not quite the same would be what happened iceland when the icelandic banks were printing essentially money to buy back their own shares ad infinitum and then they all in c

you don't want to know that that information is and that's going to be used not nestle for the good of the community might be used against you jessica what else what else can you unknowingly be frying out your data 13 i mean quite literally everywhere all of the time. i do i think that some of the conversations there i mean so like we could talk about the fact that like yes we should find better regulation for that but also the part about transparency that we were talking about earlier and i think that me brought up as the only lever is not just to stop these companies from collecting the data that might be great in many ways but it also might be profoundly difficult legislatively right but so are these transparency kind of attempts at transparency legislation so that we can see the ads that people are showing. all of the many targeted segments that seems like there it's like we will hear what we're going through and it can be very useful for encouraging democracy to even as all of our data is still taken us we spoke to emma bryant she said the assessment was such a call age we were th