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Mar 8, 2020
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ritika: the u.s. jobs report tops off a week brimming with data. >> the economic base is strong, the fundamentals of the economy is strong. ritika: plus an exclusive conversation with nissan's ceo. he said job one is to listen and learn. >> it's important for me to know reallyrency, what is going on down to our employees. ritika: it is all straight ahead on "bloomberg best." ♪ ritika: hello and welcome. rupta.tika give to, -- this is "bloomberg best," your weekly review of the most important business news, analysis and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. with cases of coronavirus still mounting and equity markets coming off their worst week since 2008, investors were already on edge. after weak economic data didn't help from china. bracing for more market turmoil after a weekend of negative coronavirus developments. manufacturing activity in china falling to the lowest level on record in february. nations around the world. pmi
ritika: the u.s. jobs report tops off a week brimming with data. >> the economic base is strong, the fundamentals of the economy is strong. ritika: plus an exclusive conversation with nissan's ceo. he said job one is to listen and learn. >> it's important for me to know reallyrency, what is going on down to our employees. ritika: it is all straight ahead on "bloomberg best." ♪ ritika: hello and welcome. rupta.tika give to, -- this is "bloomberg best," your...
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Mar 25, 2020
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let's get to ritika gupta. ritika: thanks, good to. pushing back nearly true trillion dollars stimulus $2 trillion stimulus plan through congress. the amount of americans who need the direct payments will get them, so aid may be needed to help a wider range of people and companies. mortgage applications in the u.s. were last week by the most since the financial crisis. the mortgage-backed association fell more than 29%. coronavirus shutdowns in the latest financial turmoil pushed borrowing costs higher. took a smallerce step toward a rescue package today. they were able to put some detail to activate the bailout fund. still, they have not been able to settle the differences. in the u.k., prince charles is
let's get to ritika gupta. ritika: thanks, good to. pushing back nearly true trillion dollars stimulus $2 trillion stimulus plan through congress. the amount of americans who need the direct payments will get them, so aid may be needed to help a wider range of people and companies. mortgage applications in the u.s. were last week by the most since the financial crisis. the mortgage-backed association fell more than 29%. coronavirus shutdowns in the latest financial turmoil pushed borrowing...
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Mar 2, 2020
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ritika gupta is here. ritika: the field of democratic presidential candidates just got smaller.buttigieg has dropped out. racegieg won the delegate in the iowa caucus, but couldn't attract the support needed to win the nomination. joe biden is hoping to keep the momentum into tomorrow's super tuesday primaries. on saturday, he was the winner in south carolina. the u.s. is waiting to see if the taliban will live up to the peace deal signed over the weekend. at agreement is aimed winding down the war in afghanistan. president trump says he plans to meet with the taliban leaders. secretary of state mike pompeo says he doesn't know when or where that happens. plus, he wants to see if the treaty holds. turkey's president erdogan has crisised a border in europe. turkey told millions of migrants seeking refuge in europe that it won't stand in the way if they want to leave. thousands of them flocked towards the greek border, where greek security forces were trying to hold them back. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists a
ritika gupta is here. ritika: the field of democratic presidential candidates just got smaller.buttigieg has dropped out. racegieg won the delegate in the iowa caucus, but couldn't attract the support needed to win the nomination. joe biden is hoping to keep the momentum into tomorrow's super tuesday primaries. on saturday, he was the winner in south carolina. the u.s. is waiting to see if the taliban will live up to the peace deal signed over the weekend. at agreement is aimed winding down the...
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Mar 2, 2020
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here's ritika gupta.itika: the supreme court says it will again consider whether to strike down obamacare. justices will hear a democratic appeal seeking to reaffirm the affordable care act constitutionality. the trump administration is backing efforts by republican led states to invalidate the law. the court will hear arguments in the nine month that starts in october. a ruling is likely in the first half of 2021. the democratic party's best chance to stop bernie sanders from winning comes on super tuesday, but faces huge obstacles. joe biden is trying to capitalize on his weekend win in south carolina, but is low on cash, and his super tuesday meanwhile, mike chancesg has staked his on tomorrow. mike bloomberg is the founder majority owner of bloomberg lp, the parent company of bloomberg news. president trump will meet with pharmaceutical executive today. meanwhile, china says its total infections have risen above 70,000. south korea now has more than 4200 cases. jack welch has died, a champion of corpo
here's ritika gupta.itika: the supreme court says it will again consider whether to strike down obamacare. justices will hear a democratic appeal seeking to reaffirm the affordable care act constitutionality. the trump administration is backing efforts by republican led states to invalidate the law. the court will hear arguments in the nine month that starts in october. a ruling is likely in the first half of 2021. the democratic party's best chance to stop bernie sanders from winning comes on...
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Mar 23, 2020
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let's get a first word news update with ritika gupta. president trump begin talking privately about easing stay-at-home advice despite the continuing spread of the coronavirus. bloomberg has learned the may make may make -- that suggestion against the health of -- against the advice of health professionals. the national guard ramped up its role in contending the outbreak in the u.s.. 7300 troops are not a ploy across the country. are nowt trump -- deployed across the country to help the states of california, washington, new york. warns of full lockdown could be next. johnson's government wants parliament to grant sweeping powers to battle the coronavirus outbreak. the international olympic committee made its most public step yet towards postponing the tokyo games. the ioc said it would impart the planning around potential changes to the game, this includes postponing the event. it says i cancellation will not be considered. the summer olympics are scheduled to begin july 24. global news 24 hours a day, on air and on quicktake by bloomber
let's get a first word news update with ritika gupta. president trump begin talking privately about easing stay-at-home advice despite the continuing spread of the coronavirus. bloomberg has learned the may make may make -- that suggestion against the health of -- against the advice of health professionals. the national guard ramped up its role in contending the outbreak in the u.s.. 7300 troops are not a ploy across the country. are nowt trump -- deployed across the country to help the states...
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Mar 24, 2020
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am ritika gupta this is bloomberg.h lawmakers on the break of a historic $2 trillion spending plan, we will get the view from capitol hill with senator mike braun, republican, indiana. this is bloomberg. ♪ david: this is "balance of power." i am david westin. we continue to look for the historic spending way -- spending bill making its way through capitol hill. we are joined by senator mike braun, a republican from indiana. thank you for being back with us. want to talk you about bringing the economy back. let's talk about this historic spending bill. what is your sense of its magnitude, whether it will come through, and when? magnitude -- two major points. they should have been done on sunday when speaker pelosi got back in town. she might have tried to commandeer the package. bipartisanlievable taskforces where we all thought it was done on sunday evening. then we started to see the laundry list. i think that was a mistake on the democrat's part. if we had been holding this up for full transparency on the most import
am ritika gupta this is bloomberg.h lawmakers on the break of a historic $2 trillion spending plan, we will get the view from capitol hill with senator mike braun, republican, indiana. this is bloomberg. ♪ david: this is "balance of power." i am david westin. we continue to look for the historic spending way -- spending bill making its way through capitol hill. we are joined by senator mike braun, a republican from indiana. thank you for being back with us. want to talk you about...
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Mar 18, 2020
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here's ritika gupta. ritika: bernie sanders is reassessing his campaign for the democratic presidential nomination. sanders lost three primaries yesterday to front-runner joe biden. his campaign manager says that before the next primaries, he will be having conversations with supporters. the u.s. and canada will ban nonessential travel between the two countries. president trump tweeted that the move will not affect trade. one official called it essentially a ban on tourism and vacation. the british pound fell to the lowest level against the dollar in over three decades. investors have doubted the u.k. government response to the coronavirus. there is increased demand for the dollar. oil plunged below $25 a barrel for the first time in almost 18 years. saudi arabia made another attack in its price war with russia. the saudis promised to keep direction -- keep production at a record high. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in m
here's ritika gupta. ritika: bernie sanders is reassessing his campaign for the democratic presidential nomination. sanders lost three primaries yesterday to front-runner joe biden. his campaign manager says that before the next primaries, he will be having conversations with supporters. the u.s. and canada will ban nonessential travel between the two countries. president trump tweeted that the move will not affect trade. one official called it essentially a ban on tourism and vacation. the...
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Mar 20, 2020
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am ritika gupta this is bloomberg. david?today, governor andrew 100% of new york is saying of the workforce has to stay home. yesterday it was gavin newsom of california. it was also president trump joining with justin trudeau to shut down the border between the united states and canada. we will welcome bruce heyman, former u.s. ambassador to canada and author of the best-selling memoir "the art of diplomacy -- strengthening the canada-u.s. relationship and a time of uncertainty." give us your sense of what led to this closing of the border yesterday. like: my sense is that every leader, whether you're a leader of a country or a state or a city, you are looking to protect your citizens and your residents. justin trudeau had to prioritize that. no new entrants coming into the country. he also had to balance out the fact he had an incredible relationship and an intertwined relationship economically with united states so he needed to keep business and in central travel -- and essential travel continuing to go back and forth betw
am ritika gupta this is bloomberg. david?today, governor andrew 100% of new york is saying of the workforce has to stay home. yesterday it was gavin newsom of california. it was also president trump joining with justin trudeau to shut down the border between the united states and canada. we will welcome bruce heyman, former u.s. ambassador to canada and author of the best-selling memoir "the art of diplomacy -- strengthening the canada-u.s. relationship and a time of uncertainty."...
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Mar 13, 2020
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i am ritika gupta. bloomberg. david?ident trump is now going to declare a national emergency over the coronavirus as the number of cases continues to rise. in asia, places like hong kong and singapore, they've been -- they have seen signs it may be leveling off. joining us as a global affairs analyst who has been working and lived in southeast asia and has written about what we might learn. michael, welcome. what can we learn from singapore? number one is to be proactive and not reactive like the trump administration. ingapore had a two week lead doing things like restricting travel from china. they have good relations with china but said no, there's a risk from the chinese mainland. things like micro tracing, finding out where the outbreaks actually happen. singapore is a bit of a nanny state. people listen to them a lot more. things like calling people out for socially responsible behavior, for seniors no more line dancing, no more card table playing. ,he founder of modern singapore a renowned german folk, but he insti
i am ritika gupta. bloomberg. david?ident trump is now going to declare a national emergency over the coronavirus as the number of cases continues to rise. in asia, places like hong kong and singapore, they've been -- they have seen signs it may be leveling off. joining us as a global affairs analyst who has been working and lived in southeast asia and has written about what we might learn. michael, welcome. what can we learn from singapore? number one is to be proactive and not reactive like...
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Mar 25, 2020
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let's get to ritika gupta. ritika: thanks, good to.ng back nearly true trillion dollars stimulus $2 trillion stimulus plan through congress. the amount of americans who need the direct payments will get them, so aid may be needed to help a wider range of people and companies. mortgage applications in the u.s. were last week by the most since the financial crisis. the mortgage-backed association fell more than 29%. coronavirus shutdowns in the latest financial turmoil pushed borrowing costs higher. took a smallerce step toward a rescue package today. they were able to put some detail to activate the bailout fund. still, they have not been able to settle the differences. in the u.k., prince charles is testing positive for coronavirus. that is according to the press association. the prince is 71. milds been displaying symptoms but is otherwise in good health. global news 24 hours a day, on air and quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. and riddick a good i am ritika gupta. th
let's get to ritika gupta. ritika: thanks, good to.ng back nearly true trillion dollars stimulus $2 trillion stimulus plan through congress. the amount of americans who need the direct payments will get them, so aid may be needed to help a wider range of people and companies. mortgage applications in the u.s. were last week by the most since the financial crisis. the mortgage-backed association fell more than 29%. coronavirus shutdowns in the latest financial turmoil pushed borrowing costs...
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Mar 26, 2020
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this is bloomberg. -- i am ritika gupta. this is numbered. vonnie: it is 1:00 p.m. in new york, 5:00 p.m. in london, and want to click a.m. in hong kong. in a few minutes i with be speaking exclusively with the p hisder, bruce richards thoughts in the last week on credit markets. distress, fallen angels, and much more. first let's get a check on the markets, halfway into the trading day. we are seeing a nice rally in equity markets, easing in the credit markets. the s&p 500 is up almost 5% as the vote should take place tomorrow which will allow the president to sign this tim loh's package into law. the dollar index -- to sign the stimulus package into law. thehe good of sterling and euro for the most part. boeing is the best performer in the dow, up 13% today. taylor riggs is with us for more details halfway into the trading day. taylor: you mentioned the s&p 500 up about 5%. let me get you to an intraday price action with the record numbers we got earlier this morning. you're still on track to have the best three days since 1933. the dow surprisingly managed to cli
this is bloomberg. -- i am ritika gupta. this is numbered. vonnie: it is 1:00 p.m. in new york, 5:00 p.m. in london, and want to click a.m. in hong kong. in a few minutes i with be speaking exclusively with the p hisder, bruce richards thoughts in the last week on credit markets. distress, fallen angels, and much more. first let's get a check on the markets, halfway into the trading day. we are seeing a nice rally in equity markets, easing in the credit markets. the s&p 500 is up almost 5%...
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Mar 18, 2020
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let's get you to first word headlines with ritika gupta. ritika: thank you, sheri.enate has cleared an economic relief bill that would provide food assistance and financial help for virus testing. on 215,000ases touch worldwide with more than 8700 deaths. president trump brushed off warnings at the virus could mean u.s. unemployment soaring to 20%, saying that would be "an absolute worst case scenario." countries must isolate [indiscernible] if they don't, transmission chains can continue at a low level than -- then research once measures are lifted. ritika: the european central bank has held an emergency conference call to discuss its response to the coronavirus. as pressure mounts on board members to intervene and cushion the economic fallout. europe has passed china in the number of infections for the first time. thefficials are weighing bailout fund to stephen economy and the eurozone slides into recession. the u.k. is starting to adopt some virus measures deployed elsewhere around the world, having been accused of an inadequate response of far. prime minister b
let's get you to first word headlines with ritika gupta. ritika: thank you, sheri.enate has cleared an economic relief bill that would provide food assistance and financial help for virus testing. on 215,000ases touch worldwide with more than 8700 deaths. president trump brushed off warnings at the virus could mean u.s. unemployment soaring to 20%, saying that would be "an absolute worst case scenario." countries must isolate [indiscernible] if they don't, transmission chains can...
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Mar 20, 2020
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here with the details, ritika gupta. ritika: italy is preparing to extend the near total lockdown on the country after the country reached the grim milestone of being the country with the most coronavirus deaths. italian officials are considering extending the ban on nonessential activities until at least may. an italian newspaper also says the government may call in the army to help enforce restrictions. more than 3400 italians have died from the virus. in iran, leaders marks the persian new year by vowing to overcome the coronavirus pandemic and build up the economy. the upbeat tone came despite the announcement that 149 more people died from the virus overnight. the country's death toll is now more than 1400. nearly 20,000 in iran have contracted the virus. president hassan rouhani has defended his government's response to the outbreak in the face of widespread criticism that officials acted too slowly and may have covered up initial cases before infection rapidly spread across the country. california residents are wa
here with the details, ritika gupta. ritika: italy is preparing to extend the near total lockdown on the country after the country reached the grim milestone of being the country with the most coronavirus deaths. italian officials are considering extending the ban on nonessential activities until at least may. an italian newspaper also says the government may call in the army to help enforce restrictions. more than 3400 italians have died from the virus. in iran, leaders marks the persian new...
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Mar 30, 2020
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. ♪ taylor: -- ritika: you are watching "daybreak asia." i am ritika gupta.stralia is heading for its deepest recession as measures to curb the coronavirus push business and consumers to the edge. bloomberg economics says gdp will decline by 10% in the first three quarters of this year before showing a gradual recovery. the government is pledging -- to safeguard jobs. the tokyo economy might stall if there are several new virus infections reported. japan has remained relatively free of the pandemic but there is concern that any rising cases will prompt authorities to order a lockdown and the closure of shops and restaurants. a full shutdown in tokyo will be the equivalent of freezing an economy the size of canada's. china is set to start publishing data on how many people are infected with the coronavirus without showing symptoms. local authorities are to track and treat cases of so-called asymptomatic infection. it follows domestic and international criticism of beijing's figures on the outbreak. local media say the data will be released soon. than $10lling
. ♪ taylor: -- ritika: you are watching "daybreak asia." i am ritika gupta.stralia is heading for its deepest recession as measures to curb the coronavirus push business and consumers to the edge. bloomberg economics says gdp will decline by 10% in the first three quarters of this year before showing a gradual recovery. the government is pledging -- to safeguard jobs. the tokyo economy might stall if there are several new virus infections reported. japan has remained relatively free...
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Mar 26, 2020
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i ritika gupta. this is bloomberg. scarlet? scarlet: thank you, ritika.read of coronavirus continues to take its toll on supply chain's as industries assess the damage of the outbreak. joining us is an m.i.t. professor of engineering systems and director of the m.i.t. center for transportation. great to speak with you once again. we talked to you because you are expert at systems optimization, supply-chain management. one area where we need to optimize is making sure there is enough ventilators. new york state governor andrew areo said some patients staying on ventilators for as long as 30 days from which makes them less available to others and compounds the shortage. what best practices are out there on how to increase availability of ventilators in the short-term? >> in the short term, one of the problems is the whole world is looking for ventilators. that one country type is let me show you something. do you see this? do you see what i'm doing? romaine: yes. >> ok. there are tens of thousands of them in and balances, the next, all over the united state
i ritika gupta. this is bloomberg. scarlet? scarlet: thank you, ritika.read of coronavirus continues to take its toll on supply chain's as industries assess the damage of the outbreak. joining us is an m.i.t. professor of engineering systems and director of the m.i.t. center for transportation. great to speak with you once again. we talked to you because you are expert at systems optimization, supply-chain management. one area where we need to optimize is making sure there is enough...
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Mar 12, 2020
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ritika: the u.k.nnounce later today that it is moving away from trying to contain the coronavirus and will focus instead on slowing its spread. prime minister boris johnson may announce school closures and a ban on large-scale public gatherings. organizers of the tokyo olympics have moved quickly to distance themselves from comments that the games may be postponed because of the virus. the body overseeing the events says the olympics are going ahead as planned and are on schedule. japan's olympics minister says their postponement is "inconceivable," though he admits the final decision rests with the ioc. global sports is being hit by the virus with authorities either canceling games or ordering they be played in empty stadiums. the nba game between the warriors and that's will be the first to take place in the u.s. thursday. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 27 hundred journalists and analysts in more than 100 20 countries, i'm ritika gupta. this is
ritika: the u.k.nnounce later today that it is moving away from trying to contain the coronavirus and will focus instead on slowing its spread. prime minister boris johnson may announce school closures and a ban on large-scale public gatherings. organizers of the tokyo olympics have moved quickly to distance themselves from comments that the games may be postponed because of the virus. the body overseeing the events says the olympics are going ahead as planned and are on schedule. japan's...
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Mar 26, 2020
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we turn out to ritika gupta for first word news. ritika: the u.s.se is set to vote tomorrow on the historic bailout package, the $2 trillion. . measure approved unanimously in the senate. it's goal, to keep families and companies float amid the crisis caused by the coronavirus pandemic. it includes an unprecedented andction of funds, loans, -- the two staffers have been working from home for almost two weeks and were not symptomatically they were in the office, according to the memo. it did not say where the employees work. u.s. prosecutors reportedly will charge venezuela's president nicolas maduro with drug trafficking, according to "the new york times." the charges are being brought after an investigation in washington, new york, and florida. ubs ceo sergio ermotti says clients are starting to invest again. he tells bloomberg that those with cash are looking at the credit market. the major correction has helped investors manage the situation in an effective way. takingee people advantage of certain opportunities. for example, it is time in our po
we turn out to ritika gupta for first word news. ritika: the u.s.se is set to vote tomorrow on the historic bailout package, the $2 trillion. . measure approved unanimously in the senate. it's goal, to keep families and companies float amid the crisis caused by the coronavirus pandemic. it includes an unprecedented andction of funds, loans, -- the two staffers have been working from home for almost two weeks and were not symptomatically they were in the office, according to the memo. it did not...
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Mar 19, 2020
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the. -- i am ritika gupta.are just moments from the presidential briefing on the coronavirus. let's turn to kevin cirilli in washington. this has turned into a daily occurrence. , and i am toldy we have a two minute warning for the president to begin addressing, at a time they are trying to rally support for the $1.3 trillion stimulus bill and at a time when he signed the second round of the free coronavirus testing as well as two weeks of paid leave. bothtold by sources republican and democrat that they are told to be on standby as it relates to the $1.3 trillion deal that would immediately provide liquidity, direct financing for americans as early as april 6. david: what is holding it up, it is that much money and it is a lot of work to write the words or what is holding it up? kevin: that is a fair question. i think it is the latter. they are dotting their eyes and they aretheir teas -- speaking from the same political playbook and i do not predict any significant hurdles. david: the president is coming on w
the. -- i am ritika gupta.are just moments from the presidential briefing on the coronavirus. let's turn to kevin cirilli in washington. this has turned into a daily occurrence. , and i am toldy we have a two minute warning for the president to begin addressing, at a time they are trying to rally support for the $1.3 trillion stimulus bill and at a time when he signed the second round of the free coronavirus testing as well as two weeks of paid leave. bothtold by sources republican and democrat...
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Mar 2, 2020
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that's get to ritika gupta.he number of coronavirus deaths around the world has risen above 3000 the total number of infections, over 88,000. new york city has reported its first case, a woman is isolated in her manhattan apartment after contracting the virus in iran. governor andrew cuomo says it was a matter of a wed, not if, the virus made its way to new york. factories took a hit in february under the weight of coronavirus. reading also hits a record low of 35 point seven. china's economy is gradually returning to work. bloomberg economics predicts activity was running at 60% to 70% of capacity. 50% from, that is up two weeks ago. joe biden has won the south carolina primary. it puts him closer to the front runner, bernie sanders. former mayor pete buttigieg has pulled out of the race. despite an early win in iowa come he joins, sire -- tom steyer, who also suspended his campaign. up next, super tuesday, 14 states and over 1000 delegates to grab. greece has declared a state of emergency as turkey has opened
that's get to ritika gupta.he number of coronavirus deaths around the world has risen above 3000 the total number of infections, over 88,000. new york city has reported its first case, a woman is isolated in her manhattan apartment after contracting the virus in iran. governor andrew cuomo says it was a matter of a wed, not if, the virus made its way to new york. factories took a hit in february under the weight of coronavirus. reading also hits a record low of 35 point seven. china's economy...
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Mar 27, 2020
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for first word news, we go to ritika gupta.a: nancy pelosi is promising to push the stimulus package through today but the real test comes after it is signed by president trump. the successful after measures comes how quickly the a's can get to -- the aid can get to businesses. that is a huge challenge for agencies who cannot move quickly. there was a major change in tone overnight between the u.s. and china. president trump and xi jinping pledging to cooperate in the fight against coronavirus. that comes after weeks of rising tensions. president trump tweeted "we are working closely together." relations between the sides are at a critical moment. boris johnson has the coronavirus. johnson experienced mild symptoms and a test confirmed yesterday he has the illness. the government said he is self-isolating in his downing street offices. u.k. health secretary max hancock also has the honest. saudi arabia is holding firm on's position in the price war with russia. the kingdom said it has not had any contact with moscow on oil prod
for first word news, we go to ritika gupta.a: nancy pelosi is promising to push the stimulus package through today but the real test comes after it is signed by president trump. the successful after measures comes how quickly the a's can get to -- the aid can get to businesses. that is a huge challenge for agencies who cannot move quickly. there was a major change in tone overnight between the u.s. and china. president trump and xi jinping pledging to cooperate in the fight against coronavirus....
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Mar 16, 2020
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i am ritika gupta. this is bloomberg. david?part ahead, of a private -- cvs as part of a private sector alliance helping with testing with the coronavirus. the ceo joins us to explain what they are doing. ♪ david: this is "balance of power." i am david westin. friday afternoon president trump declared a national emergency because of the coronavirus and laid out a plan for increased testing relying in part on the private sector. one of those at the white house was thomas moriarty, cvs executive vice president. we welcome him. thank you so much for joining us. give us a sense, over the weekend, what is cvs doing and how much of this is up and running? thomas: thank you for having me. we believe we are in a unique position to help address the pandemic given our physical presence. we are working with the administration and other partners to increase frequency and efficiency of the covid-19 testing. the casting will take place in secure areas of parking lots, not inside stores. individuals being tested will not have to leave their ca
i am ritika gupta. this is bloomberg. david?part ahead, of a private -- cvs as part of a private sector alliance helping with testing with the coronavirus. the ceo joins us to explain what they are doing. ♪ david: this is "balance of power." i am david westin. friday afternoon president trump declared a national emergency because of the coronavirus and laid out a plan for increased testing relying in part on the private sector. one of those at the white house was thomas moriarty,...
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Mar 13, 2020
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this is -- i'm ritika gupta. this is bloomberg.speaker nancy pelosi says she is near an agreement with the trump administration on a coronavirus bill. for more, we are joined by kevin cirilli, bloomberg chief washington correspondent, joining us from our d.c. bureau. they are close. what are they getting to? what do you think this deal is going to ultimately look like? kevin: they are hammering out the details, and i should note there is intense optimism on behalf of speaker of the house nancy pelosi and treasury secretary steven mnuchin that they are going to be able to get to some type of agreement, and they are hammering out the details virtually as we speak. it is likely going to involve -- involve paid sick leave and free access to medical tests, and allowing individuals to make sure that they are getting that information as it happens. we should also note that the administration has really been pushing and saying publicly for the past day that free access to tests and utilizing the private sector are in route and are going to
this is -- i'm ritika gupta. this is bloomberg.speaker nancy pelosi says she is near an agreement with the trump administration on a coronavirus bill. for more, we are joined by kevin cirilli, bloomberg chief washington correspondent, joining us from our d.c. bureau. they are close. what are they getting to? what do you think this deal is going to ultimately look like? kevin: they are hammering out the details, and i should note there is intense optimism on behalf of speaker of the house nancy...
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Mar 24, 2020
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i am ritika gupta with the first word headlines.tions are stepping up their response to the virus. india is imposing a 21 day nationwide law down and allocating almost $2 billion for health care. andapore's closing bars movie theaters and suspending religious services while indonesia is a step closer to widening the budget deficit to allow greater spending. thailand has announced a state of emergency. is chinese city, wuhan, where the coronavirus was first reported and it was ordered into lockdown in january. authorities are looking to lift the restrictions, saying the city of 11 million people can reopen again in two weeks time on april 8. hubei province, of which wuhan is the capital, is reopening its borders to travel later today. the world's worst kept secret is out. the olympics are off after weeks of debate and increasing calls for a delay, the ioc and tokyo organizers have agreed to postpone the games for a year, although they insist it is not a cancellation. the coronavirus has made it all but impossible for athletes to prep
i am ritika gupta with the first word headlines.tions are stepping up their response to the virus. india is imposing a 21 day nationwide law down and allocating almost $2 billion for health care. andapore's closing bars movie theaters and suspending religious services while indonesia is a step closer to widening the budget deficit to allow greater spending. thailand has announced a state of emergency. is chinese city, wuhan, where the coronavirus was first reported and it was ordered into...
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Mar 25, 2020
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let's get to ritika gupta for first word headlines.d its deadliest day yet as the number of virus deaths surpassed of those reported so far in china. fatalities rose 738 and topped 3400. hit, has been severely although the death rate has dropped slightly in the past one of our hours. germany approved emergency powers to tackle the crisis setting aside constitutional debt limits and earmarking 170 billion dollars of measures to economy.he north korea remains assist -- insistent that there are no cases of the virus in the country. the famously recluses -- reclusive nation shut its border two months ago and says not a single person has tested positive. media has regularly reported the spread of infection around the world and kim jong-un warned of the danger at a meeting at the end of last month. soundstages in bali would stages illustrate the lock in india. there are warnings that the move will hit the country hard. deutsche bank say the economy is set to shrink next quarter and full-year expansion will suffer markedly. it says gdp in the
let's get to ritika gupta for first word headlines.d its deadliest day yet as the number of virus deaths surpassed of those reported so far in china. fatalities rose 738 and topped 3400. hit, has been severely although the death rate has dropped slightly in the past one of our hours. germany approved emergency powers to tackle the crisis setting aside constitutional debt limits and earmarking 170 billion dollars of measures to economy.he north korea remains assist -- insistent that there are no...
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Mar 16, 2020
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i'm ritika gupta. this is bloomberg. 1:00 in new york, five :00 in london, 1:00 in hong kong. i'm taylor riggs. welcome to bloomberg markets. . from bloomberg world headquarters in new york, here are the top stories on the bloomberg and from around the world that we are following. the federal reserve going all in, slashing interest rates by a full percent, promising to boost its bondholders by at least $700 billion. but those moves failing to stop the run in global markets. equities plunging the most since the 1987 crash, triggering circuit breakers at the open. stocks now looking to rebound off of those lows. turbulence ahead for airlines. one official says that they could be facing bankruptcy by may, if the government does not step in. kailey leinz is here with the markets update. not much improvement from this morning. kailey: we are off the lows but also still will session highs. fear in thist of equity market about the spreading coronavirus. it was also spooked the emergency one percentage point rate cut. what does
i'm ritika gupta. this is bloomberg. 1:00 in new york, five :00 in london, 1:00 in hong kong. i'm taylor riggs. welcome to bloomberg markets. . from bloomberg world headquarters in new york, here are the top stories on the bloomberg and from around the world that we are following. the federal reserve going all in, slashing interest rates by a full percent, promising to boost its bondholders by at least $700 billion. but those moves failing to stop the run in global markets. equities plunging...
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Mar 2, 2020
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i'm ritika gupta. this is bloomberg. vonnie: thank you. ritika gupta on first word news.e back with john hardy, saxo bank head of fx strategy, from copenhagen. where are the better carry trades right now? john: [laughter] unafraid those are a little bit in absence. businesst back down to with taking a reach for yield back. certainly, we have seen an incredible beat down of these higher-yielding currencies, although that yield is a lot less than what used to be. if you look at brazil, it's not offering much yield premium like it used to, well below 5%, similar to russia, although the rate is higher there. rates like mexico could be interesting with changing ,ourcing of supply chains, etc. on the longer-term arc, but as a trade, i am really not sniffing around here, i must admit. vonnie: so those carry trades that had to be unwound, what happened to them? where did that all go? we didn't see the big fluctuations in currency markets that we did in treasury markets are equities, for example. movessome pretty chunky if you look across the em space. there's been some pretty dec
i'm ritika gupta. this is bloomberg. vonnie: thank you. ritika gupta on first word news.e back with john hardy, saxo bank head of fx strategy, from copenhagen. where are the better carry trades right now? john: [laughter] unafraid those are a little bit in absence. businesst back down to with taking a reach for yield back. certainly, we have seen an incredible beat down of these higher-yielding currencies, although that yield is a lot less than what used to be. if you look at brazil, it's not...
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Mar 18, 2020
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heree turn to ritika gupta with first word news. bernie sanders is reassessing his campaign for the democratic presidential nomination. he lost three primaries yesterday to joe biden. campaign manager says he will have conversations with supporters. the u.s. and canada will ban nonessential travel between the two countries. president trump tweeted that the move will not affect trade. one official called it is essentially a ban on tourism and vacation. the british pound fell to its lowest level against the dollar in over three decades. the price dipped below $1.19. investors have doubted the u.k. government response to the coronavirus, plus there is increased demand for the dollar. oil plunged below $24 a barrel for the first time in 18 years. saudi arabia made another attack in its price war with russia. they promised to keep production at a record high over the coming months. that sent prices down more than 9%. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in mo
heree turn to ritika gupta with first word news. bernie sanders is reassessing his campaign for the democratic presidential nomination. he lost three primaries yesterday to joe biden. campaign manager says he will have conversations with supporters. the u.s. and canada will ban nonessential travel between the two countries. president trump tweeted that the move will not affect trade. one official called it is essentially a ban on tourism and vacation. the british pound fell to its lowest level...
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Mar 5, 2020
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here with the details, ritika gupta.chusetts senator elizabeth warren is dropping out of the presidential race, according to several media reports. her past to the nomination has been narrowing since the first round of voting in iowa, where she placed third. in subsequent contests in new hampshire and nevada, she dropped down to force. in south carolina, she came in a distant fifth. on super tuesday, she failed to win any states. rates for 30 year u.s. mortgages tumbled to the lowest on record, according to freddie mac. the average rate is a little under 3.3%, down from more than 3.5% last week. investors have been rushing to treasuries because of concern about the impact of the coronavirus. the trump administration won't beat its timeline to roll out coronavirus tests, according to centers briefed by health officials. by the end of the week, the government hoped to have a million tests ready. opec is taking a big gamble on russia. oil ministers from the cartel have agreed that production should be cut by 1.5 million bar
here with the details, ritika gupta.chusetts senator elizabeth warren is dropping out of the presidential race, according to several media reports. her past to the nomination has been narrowing since the first round of voting in iowa, where she placed third. in subsequent contests in new hampshire and nevada, she dropped down to force. in south carolina, she came in a distant fifth. on super tuesday, she failed to win any states. rates for 30 year u.s. mortgages tumbled to the lowest on record,...
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Mar 23, 2020
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i do want to get an update on what is going on in the rest of the world and that is with ritika.itika: the united kingdom is being ordered into lockdown monday night amid sweeping new measures to keep people at home, at the coronavirus spreads across the country. prime minister boris johnson approved the banning of all necessary movement of people for three weeks. police will have the power to breakup gatherings and fine individuals refuse to accept the new law. lockdown in india triggered the biggest talk crash on record. the rupee slumped to an all-time low, threatening prime minister modi's hopes of reviving the economy. flights will be suspended midnight tuesday, couple of ending the rail shutdown and state curfews. india's infection numbers are low, but health experts say it could be the next virus hotspot. the coronavirus continues to infect people around the world, but there are faint signs of hope. in northern italy, a report of a slowing of cases, posting a decline for the second day. the latest virus tally from john hopkins university puts cases at 272,000, with more th
i do want to get an update on what is going on in the rest of the world and that is with ritika.itika: the united kingdom is being ordered into lockdown monday night amid sweeping new measures to keep people at home, at the coronavirus spreads across the country. prime minister boris johnson approved the banning of all necessary movement of people for three weeks. police will have the power to breakup gatherings and fine individuals refuse to accept the new law. lockdown in india triggered the...
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Mar 30, 2020
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ritika: president trump says the u.s.uld see coronavirus infection rates peak within the next two weeks, but does the country face a challenging month ahead. he spoke as more states impose restrictions, with virginia and maryland issuing lockdowns. new york city said the rate of new cases is slowing. more than three quarters of a million people around the world have been infected, with 37,000 fatalities. china is set to start publishing a date on how many people are infected with the coronavirus without showing symptoms. the premier is telling local authorities to track entry cases of so-called a symptomatically infection. it follows international criticism of updating figures only operate. local media data will be released soon. they are growing fears the tokyo economy might stall if there are several new virus infections reported. japan has remained relatively free of the pandemic, but there is concern any rising cases will prompt authorities to order a lockdown and the closure of shops and restaurants. a full shutout i
ritika: president trump says the u.s.uld see coronavirus infection rates peak within the next two weeks, but does the country face a challenging month ahead. he spoke as more states impose restrictions, with virginia and maryland issuing lockdowns. new york city said the rate of new cases is slowing. more than three quarters of a million people around the world have been infected, with 37,000 fatalities. china is set to start publishing a date on how many people are infected with the...
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Mar 9, 2020
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ritika: medical teams will board the cruise the ship docks in oa. italy has reported a surge in deaths from the virus. at least 360 sick people have died there, more than in south korea. the trump administration is drafting economic measures to combat the fallout from the coronavirus. bloomberg has learned one of the revisions could be a temporary expansion of paid sick leave. there could also be help from companies -- help for companies facing disruption. both joe biden and bernie sanders have high hopes in tomorrow's democratic presidential primary in michigan. him an win could bring insurmountable lead in delegates with a clear path to the nomination. a sanders victory in michigan would help bridge the gap in delegates. sanders loses in michigan, he says he doesn't plan to drop out of the race. iran still allowing international inspectors access to its nuclear sites. iran has said it was no longer bound by any restrictions of a landmark deal, but the u.n. atomic watchdog agency says it is cooperating. in recent months, iran has violated all main
ritika: medical teams will board the cruise the ship docks in oa. italy has reported a surge in deaths from the virus. at least 360 sick people have died there, more than in south korea. the trump administration is drafting economic measures to combat the fallout from the coronavirus. bloomberg has learned one of the revisions could be a temporary expansion of paid sick leave. there could also be help from companies -- help for companies facing disruption. both joe biden and bernie sanders have...
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Mar 8, 2020
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ritika: the fed takes action earlier today with a rate cut, top officials provide an exclusive insight>> i thought it would be wiser to act now and act boldly. i
ritika: the fed takes action earlier today with a rate cut, top officials provide an exclusive insight>> i thought it would be wiser to act now and act boldly. i
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Mar 4, 2020
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let's get the first word news with ritika guba.'t seem to at the moment, but let's get you first word news. the coronavirus has triggered china's largest fall in car sales. deliveries plunged 80% in february as infection fears cap buyers away. the outbreak is a new blow to the auto industry that has been trying to arrest a two-year decline in car sales in the mainland. market leader's vw and tesla were hit, although demands showed a slight recovery at the end of the month. are havinginisters emergency talks. the forced meeting saw saudi arabia and russia split over the prospect of new output restrictions. prices are down more than 20% this year with the coronavirus further weakening global demand. riyadh wants a cut of 1.5 million barrels a day, while moscow favors current production levels. extremelihood of recent bushfires in australia being repeated has risen by 30% according to a new study by the world whether attribution group. the latest report says climate change is adding to the risks by compounding associated factors like
let's get the first word news with ritika guba.'t seem to at the moment, but let's get you first word news. the coronavirus has triggered china's largest fall in car sales. deliveries plunged 80% in february as infection fears cap buyers away. the outbreak is a new blow to the auto industry that has been trying to arrest a two-year decline in car sales in the mainland. market leader's vw and tesla were hit, although demands showed a slight recovery at the end of the month. are havinginisters...
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Mar 3, 2020
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ritika: the international monetary fund and world bank have decided that upcoming meeting will be heldvirtual format due to the coronavirus. it is committed to productive dialogue that will use possible digital tools to host the annual talks. the meeting officially takes place in washington near the white house and scheduled for the middle of next month. new satellite images suggest china could be picking up after disruption from the coronavirus. the data shows nitrogen dioxide levels are rising across the mainland, which implies rising burning of fossil fuels. levels that fell in february after authorities locked down millions of workers. super tuesday is here after withdrawal of amy klobuchar and pete buttigieg. it is now down to four main candidates -- elizabeth warren, bernie sanders, joe biden, and michael bloomberg who was a majority shareholder of our parent company. it is the biggest day of the democratic presidential race. primaries in 14 states from california to texas. you can see it all here on bloomberg tv. our special coverage begins at 7:00 p.m. new york, 8:00 a.m. hong
ritika: the international monetary fund and world bank have decided that upcoming meeting will be heldvirtual format due to the coronavirus. it is committed to productive dialogue that will use possible digital tools to host the annual talks. the meeting officially takes place in washington near the white house and scheduled for the middle of next month. new satellite images suggest china could be picking up after disruption from the coronavirus. the data shows nitrogen dioxide levels are...
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Mar 8, 2020
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i am ritika gupta.week nissan ceo machida sat down with reed stevenson for his first exclusive interview since taking over the troubled automaker in december 2019. he says he plans to unveil a turnaround plan in may. in the meantime, he is he is focusing on cost cuts. >> when i look at the individual nissan ability, it is much more than what i know today. i am saying that once you have very good companies working directionally how we can set up properly, the result will be much better than what we are showing in terms of performance. >> in terms of cost cutting, what sort of investment to you think needs to be made? >> there are many kinds of areas. for instance, for our human assets. that is continuously what we have to seek for. when we talk about the new business and what direction nissan, the competency has to be enhanced. >> as you consider everything that is happened over the past 18 months, it is not an easy challenge for any executive. you have just come on at the end of 2019. can you tell us ab
i am ritika gupta.week nissan ceo machida sat down with reed stevenson for his first exclusive interview since taking over the troubled automaker in december 2019. he says he plans to unveil a turnaround plan in may. in the meantime, he is he is focusing on cost cuts. >> when i look at the individual nissan ability, it is much more than what i know today. i am saying that once you have very good companies working directionally how we can set up properly, the result will be much better...
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Mar 2, 2020
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ritika will be staying with us. there has been a turnaround in asian markets.nting to a higher open, up by 1.4%. hang tight. we will bring the details, very shortly. this is bloomberg. ♪ haslinda: markets have just opened. let's get right to mumbai. takeuest is standing by to us through what she expects from today's session. tryingrrection last week for some reprieve. >> while, that is right. after a rout we saw for global equities, some sigh of relief coming in. we have had a gap of opening, which the futures were suggesting -- the nifty is trading with gains about 200 points. has gones time, nifty from levels of 12,002 1100. you have the nzx which was opened with gains of 700 points and the banking index has fallen 6% last week. it is seeing some signs of recovery. the year-to-date basis, it could be trading at just about flat to the negative territory. the broader market, which have given up their gains for this calendar year, the nifty 500 is open with gains of 2%. i also want to highlight -- it corrected. levels of about 20.7. it seems to be elevated level
ritika will be staying with us. there has been a turnaround in asian markets.nting to a higher open, up by 1.4%. hang tight. we will bring the details, very shortly. this is bloomberg. ♪ haslinda: markets have just opened. let's get right to mumbai. takeuest is standing by to us through what she expects from today's session. tryingrrection last week for some reprieve. >> while, that is right. after a rout we saw for global equities, some sigh of relief coming in. we have had a gap of...