in china paul dobson journalist for the independent news site venezuela and analysis dot com thank you for joining us on the program this evening . now in the u.k. the spread of the virus has picked up pace at more than $2500.00 people infected and the pandemic also appears to be having a negative impact on people's behavior and british nurse claims she was assaulted and racially abused on her way to work or to shoddy edwards reports. it may come as no surprise that the n.h.s. isn't exactly thriving what with being on the forefront of the fight against coronavirus staff shortages not enough funding and even a lack of clothing for medical staff professionals make it harder to help save lives but those were predictable evils was less than anticipated is that a phobia towards people who are treating patients but it happened to the n.h.s. nurse who was allegedly racially abusing itself just to experience something that really opened my mind today's society so i was coming out from the trees they should just minding my own business usually get out through the barriers and to come to work as

administration to place parts of the country on lockdown including the capital but as well based journalist paul dobson believes the i.m.f. decision is sending a clear message. well this came as a great shock here in venice weyler no one really expected the mayor of government so many years of. course to apply for funds from. the rejection by the i.m.f. was least with less surprising this really sends a very clear message at least to the venezuelan people about the i.m.f. and the parts of the international community would they represent are not interested in alleviating the current situation in venezuela are not interested in helping the health care the very delicate health care situation we have here in the country in the face of a pandemic and really more interested about the political games and actually trying to save lives here. in the u.k. the spread of the virus has picked up pace with more than 2500 people now infected and the pandemic also appears to be having a negative impact on people's behavior a british nurse claims she was assaulted and racially abused on her way to work are to shoddy edw

bloomberg paul dobson coming out government. we're getting briefings out of the u.k. u.k.onavirus cases 1950 from 1543 a day before. all thesest as with things, there's a caveat without and u.k. wrapping this up now, the number of it is difficult to do. what i think that gives you is the pace,e scale of delta we're seeing in terms of the acceleration of the number of cases. global aviation industry could need $200 million in aid. they see major consolidation on a dramatic with contraction. joining us now is george ferguson of bloomberg intelligence. think government will step. and deliver anything like the kind of money that the aviation requires? >> good morning guys. i think we've already seen the about $50 billion to $60 billion for airlines. like it's getting traction in capitol hill. i would say it's very likely we'll get to that 200. i expect the european governments as well to support their airlines. keyink airlines are infrastructure. when the economy working well, they really provide the connections between businesses, they provide and i think government integral

in bloomberg's paul dobson also joining us on set this afternoon.et's talk about what we need to stabilize these markets. kind of a double response, either locally or globally, do we need to see to get these markets to stabilize? chris: we are not sure exactly how the virus is going to develop, but there are some interesting things we can talk about their. that is unknown in the way it affects economic activity, containment and so on. but more important is the impact on credit markets, on the global economy from all of this. what is most important here is that you stop the domino type effect, the negative feedback loop. companies going bust and laying people off, and other companies going bust and so on. that feeds into the credit market story as well. what governments need to do, and my opinion, is create firewalls and emergency lending to small and medium-sized business that are going to struggle from the lack of revenues as a result of the coronavirus containment. guy: what are people saying about how you stabilize this? paul: i think what people

my colleague paul dobson wrote a very nice blog post this morning themliv detailing some of steps being considered around the world in the last 18 to 24 hours, but frankly, none of those things are shock and awe. it would be high time for someone to do that, and i was a little disappointed when i saw the comments out of germany the last hour. it looked like once again, the germans were not quite ready to help with something that would equate to shock and awe. guy: the president tweeting about the lack of action, and his mind, from the fed. a lot of people are now saying that this has to come from the fiscal authorities, that any action needs to be driven by government. what does shock and all look like for you? what do you want to see? nancy: the challenge is that all rates are not equal. movingt see the 10 year lower in yield terms, higher in prices. it is actually freaking out the market more. so many models are driven off of risk parity, where when 10-year yields fall, they going to say haven assets. the lower 10 year goes, the more panic there will be in the stock market. the challe

editor fors managing bloomberg news, paul dobson. europe back down to 2019 lows for equity markets.lard at 7:30 a.m. in new york, 12:30 p.m. london. ♪ ♪ alix: into the unknown. yields fall further into uncharted territory. money fleas credit, and 30 year real yields close -- for the first time in history. next labor. we sit down with st. louis fed president jim bullard. 10 year yields down over 40 bips. now what? welcome to "bloomberg daybreak" on this friday, march 6. it has truly been an unbelievable week. the equity market looks to be an extra nearly ugly day. futures already off 2%. we have seen 2% swings every day this week. the only story is really about yields. yields are down 12 basis points in the u.s. the 10 year yield now sitting under 80. yesterday we break the 90 basis point level, and now we are already under 80. where is that bottom? cr