in one barn, there was a model t, the rolls-royce, the bentley. it was crazy.what we saw. >> would one of the determining factors in this auction being a success be the diversity of the collection? >> i think that definitely is the case because it'll bring in a whole variety of car buyers. >> was his goal to make it up to factory standards or something less? >> i think he wanted to be to cal's standards. a collector who wants a museum-quality car, that's probably not what's in this collection. >> brittney tells me cal's collection will likely attract a big crowd of enthusiasts looking for cars they can still put their own finishing touches on or drive to the local car show without breaking the bank. appeals auction definitely to the average car collector. if you've ever thought about collecting a car, now is your time because there's going to be a car in your price range there. >> that price range starts at about 6,000 bucks for a car like this little hudson metropolitan all the way up to 60,000 for the 1928 rolls-royce. >> we think the collection is going to b

in one barn, there was a model t, the rolls-royce, the bentley. it was crazy.ning factors in this auction being a success be the diversity of the collection? >> i think that definitely is the case because it'll bring in a whole variety of car buyers. >> was his goal to make it up to factory standards or something less? >> i think he wanted to be to cal's standards. a collector who wants a museum-quality car, that's probably not what's in this collection. >> brittney tells me cal's collection will likely attract a big crowd of enthusiasts looking for cars they can still put their own finishing touches on or drive to the local car show without breaking the bank. appeals auction definitely to the average car collector. if you've ever thought about collecting a car, now is your time because there's going to be a car in your price range there. >> that price range starts at about 6,000 bucks for a car like this little hudson metropolitan all the way up to 60,000 for the 1928 rolls-royce. >> we think the collection is going to bring anywhere between 550,000 and 650,00

rolls-royce cutting its profit goals. trading down, and you see hello fresh, food delivery company, down nearly 10%. the market reversing. equities catching a bid. stuff that the market has not loved coming back strongly. alix: it is a very similar story in the u.s. as well. we are off the lows of the wesion but up only 2.5%, were up stronger before. we are seeing pick up in selling on the long end of the yield curve. yesterday's three day takedown was ok. we also had a ton of supply. the dollar is still firmly holding onto its lows of the session. oil is losing shine. i'm interested to see if it is equity leading oil or oil leading equities. we know the g20 energy ministers will meet on friday and we got a headline iran's oil ministers spoke with the opec president and realized that other oil producers must adjoin. no doubt that would be some kind of hurdle for our conversation on friday as well. guy? guy: let's talk about what is happening in the euro zone. eurozone leaders are struggling to agree on a concrete strategy

rolls-royce, shares up 15.5% they have come out they have scrapped their guidance for the year. they've also suspended their dividend and they have announced new measures to shore up their balance sheet. investors like what they see there. this was widely expected by the market that is providing a bit of a boost to the aerospace and airline stocks >> fascinating example of how investors at the moment are just trying to discount the bad news and look for the positive at the moment here we have a little data out of the uk around new car registrations. down 44.4% year-on-year in march according to ssmt who compiled the data they have downgraded the outlook. the car industry ceo saying we should not draw long-term conclusions from the march registration that number is dire, 44.4% lower in march compared to where they would have been year-on-year dire statement from the united states, 701,000 out of the nonfarm payroll numbers. there seems to be a view we can ignore the negative print on the data and focus, instead, on the new infection rates. that's the only reason i can imagine bey

perspective,ve rolls-royce is still looking good versus pierce. and i do not see a downgrade, nor does the company, according to the ceo. they do not think it will have much of an impact on their business. they have much bigger fish to fry right now. taylor: i want to get your thoughts on bernie sanders ending his presidential campaign today. that effectively means it will be donald trump versus joe biden. what does that mean for the equity markets, if you can think about how this will play out up until november? sarah: well, the campaigning will be very confined. frome may not hear much either candidate until we get beyond this crisis period and these lockdowns. that is the big debate we are having internally. and we have had it with our clients, how long can the global economy withstand this lack of activity. not that the president will take the blame, nor the challenger, but one way or another the voters will want the money back in their pocketbook. and the government subsidy cannot go on that much longer. thanks to the ceo of causeway capital

rolls-royce, hopefully we can get that board for you rolls-royce is up 14% today. the reason i want to highlight this, this is a company that's come out and slashed their dividend and withdrawn their guidance for the year and investors have cheered the move. a lot of debate whether companies should hold onto dividends. dom, back to you. >> julianna tatelbaum, thank you very much for that update from the european side of things. back home president trump expressing hope late last night that the u.s. is starting to see a, quote, leveling off of covid-19 cases in some of the country's biggest hot spots. he says the federal government has stockpiled around 29 million doses of the anti-malaria drug hydroxy chloroquine. while relief are still weeks away for many americans, president trump says he likes the idea of sending even more reliefchecks in the coming months a very busy night for sure nbc's tracie potts with a breakdown of everything you need to know on the washington, d.c., front. good morning >> reporter: good morning. we're watching the number much cases. it's

and how about the rolls-royce belonging to hip-hop star meek mill. that went for $320,000.he all-in challenge website says it's raised $23 million so far. >>> well, his next stop might be the hall of fame. 49ers star joe staley reflected on his 13-year career and explained why he called it quits. the six-time pro bowler jumped on a zoom call this afternoon. he says he wanted to continue playing, but his body just wouldn't let him do it. broken leg, neck injury, and more. staley wants to make sure he maintains a good quality of life for his wife and two daughters. >> yeah, tough because football is what i know and what i loved since i was a little kid. and to not have that anymore -- >> class act. the 49ers said the door is wide open to stay with the organization in some capacity. staley, by the way, was recently named the nfl's all-decade team for the 2010s. what an offensive lineman he is. >> tackle, take him to the ground. >> oh! >> this will make you smile. this is 49ers defensive lineman arik armstead. today he surprised elementary school students during an online class

in particular i want to think of burberry with their offers of gallons, rolls—royce and mclaren who are is producing hand sanitiser. we are talking to many others and we watched many more to step up to the plate. if you have got production facilities and you can meet our published technical specifications, we want to hear from you so that we can make this kit here in britain that will keep people safe. this is ever comprehensive ppe plan to protect the people who protect us. to make sure they have the kit they need to do theirjob safely and with confidence but i want to finish by saying this. even if you are not directly involved in the nhs in the ppe supply —— eat —— ppe supply chain, testing or a key worker, there is something that everyone of us can there is something that everyone of us can do to play your part in the national effort. stay at home. because spreading the virus today risks wives tomorrow and it increases pressure on those who work in the nhs. do it for them. do it for the people who you love. the more we all follow the rules, the faster we can lift these restrictions

viviana: rolls-royce will scrap its profit plans and will suspend its dividend according to the financiales. shares of the jet engine maker plunged 31%. tesla has showed off a ventilator prototype. design includes a touchscreen computer and a control system from a model three-car. shortage of ventilators for coronavirus patients. a top-rated fund is pivoting for taking on more risk in loading up in corporate debt. half of the alley on's strategic corporate bond is in investment grade credit which is a turnaround. says the comanager move is based on the global economy rebounding from the chaos toward the end of the year. that's your bloomberg business flash. alix: thank you. tosumer demand is difficult keep up with it is being held up various factors including limited employee participation. it's good to get your perspective on this, bob. columnist wrote an opinion piece that talks about how rising worker pair and the power shift of the workers was a result is all this happening now? >> no, it's not. was --ilable labor pool has shrunk but fortunately, that's not happening now. in fact, it'

consortium led by ford air bus the formula one racing teams including mclaren jian aerospace and rolls royce and dyson's and i can answer this weekend the 1st thousands of new ventilator devices will roll off the production line and be delivered to the n.h.s. next week the economic toll of all this continues to mount as 2 planes arrived at london's gatwick repatch relating britain's home from peru british airways shut down its operations at the airports it follows easy jet grounding its entire fleet on monday the u.k.'s airports like it city centers cafes museums restaurants and shops are almost completely empty rory chalons al-jazeera london. to kenya where a funeral has been held for a 13 year old boy allegedly shot by police in forcing a virus lockdown the boy's father hussein moyo says his family was standing on their balcony at the beginning of the nighttime curfew monday and police opened fire his son died after being shot in the stomach police are investigating the incident and the operation their plan with up on was they this operation is being carried out in the wrong way it's like

consortium led by ford airbus the formula one racing teams including mclaren jian aerospace and rolls royce and dyson's and i can answer that this weekend the 1st thousands of new ventilator devices will roll off the production line and be delivered to the n.h.s. next week the economic toll of all this continues to mount as 2 planes arrived at london's gatwick repatch relating britain's home from peru british airways shut down its operations at the airports it follows easy jet grounding its entire fleet on monday the u.k.'s airports like it city centers cafes museums restaurants and shops are almost completely empty rory chalons how does era london saying in europe in germany the city of jinnah has made facemasks compulsory it's the 1st city to do so for anyone and public transport that follows austria's decision to require supermarket shoppers to wear masks health experts say face masks won't protect the wearer from the virus but masks are a must for an infected person to prevent passing it on. the un chief says the covert $1000.00 pandemic is the worst global crisis since the 2nd world wa

the automakersof markets and brands as well, from mini to rolls-royce. in europe and the u.s. have shutdown production lines. bmw is expected to resume operation in about two weeks. will/flightsines from the new york area -- will slash flights from the new york area. united airlines has made a similar move. new york is the epicenter of the coronavirus outbreak in the u.s. that is your business flash headlines. story, i didthat not realize that the new york city area airports are all only operating from 10:00 a.m. until 6:00 p.m. it is a serious pullback in our capacity. romaine: not only are they only working that time, there are absolutely no overnight shifts. usually those airports are 24-hour operations. tomorrow, there will be a total of 13 departing flights out of those airports. that is basically what we will get going forward. on a typical day, we get close s. 300 departing flight no one who doesn't really need to travel is traveling through airports. you don't really see people traveling on the roads as well. analyst jamie baker says u.s. airline

animal initially and then it ran away and he came back and he attacked the other and this was rolls. royces play fighting. play it has several functions but one is to allow for development of the prefrontal cortex so we were interested in is their ability to cope with stress and it all have because we know the brain cortex is important for stress. one normal adult has been placed into the home of another adult don't play at fighting they actually fight these animals usually live alone so the battle can get vicious. the home caged animal will defend its territory against the intruder and attack. so you can see the time from the side just like a play fight but in adults it's not playful and they continue to try to a seriously attack each other. the loser suffers what's called a social defeat. the normal hamster will get over it and go on to fight another day . ok there you go ok a play deprived tends to that loses is less resilient the next time it's in a fight it will be submissive. and what we have here is a play deprived animal in his home cage and we put in a smaller non-threatening anima

consortium led by ford airbus the formula one racing teams including mclaren jian aerospace and rolls royce and dyson's and i kind of this weekend the 1st of thousands of new ventilator devices will roll off the production line and be delivered to the n.h.s. next week the economic toll of all this continues to mount as 2 planes arrived at london's gatwick repatch relating britain's home from peru british airways shut down its operations at the airports it follows easy jet grounding its entire fleet on monday the u.k.'s airports like it city centers cafes museums restaurants and shops are almost completely empty rory chalons al-jazeera london now the un chief says the coronavirus pandemic is the worst global crisis since the 2nd world war and tony of the terrorist wants 10 percent of the global g.d.p. to be allocated to fighting the outbreak diplomatic answer james reports on the way . of course very regularly we hear from the u.n. secretary general talking about the problems of the world but i think it's worth putting into some sense of proportion how seriously the u.n. is treating the coro

viviana: rolls-royce is scrapping its profit targets after discussing dividends.month the turbine maker said it would significantly reduce all but essential activities edits civil air and space facilities. boeing decided to keep it seattle manufacturing hub closed indefinitely. the factories are where all of the company's wide-body jets are built. it has been scheduled to reopen late tuesday evening, following a two-week closure. the pandemic injecting uncertainty into boeing's lands to get the 737 max jet into the air. managers --ith fund one of the most volatile stocks months on record. -- ended the month up just over 1%. by the way, none of the managers respect responded -- responded to requests for comment. that is your bloomberg business flash. nejra: let's focus on the coronavirus. martina,ny kind sapphire gin joins us. they are switching production from alcohol to hand sanitizer. one of a number of companies using their capacity to provide. let's speak to our guest to joins us. great to have you on the show. thank you so much for joining. we will talk about

rolls-royce has extended its dividend for the first time, going public, the jet engine maker borrowing dollars to help survive the coronavirus. million in 17 years. and analysts are still trying to raise billions from loans. toairline reaching out international bank's, emirates was forced to ground their fleet, turning to buy into a hub for travel. that is your latest bloomberg business flash. stay tuned, more is next. this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. i'mie: live from new york, vonnie quinn. guy johnson is with me, too. netflix struggling to keep up with consumer appetite. the chief executive officer spoke to bloomberg exclusively earlier. this is an unprecedented time. we have seen strong demand for our food

this will impact that was one of the voices that came in defense of virgin atlantic airbus with rolls royceirline should be pursuing help because of standing orders with airbus. >> stay with us. we are hoping bring in the ceo of airbus as well. thank you for being with us this morning. >> hi, good morning. we all saw reports over the weekend about a letter sent to employees saying we are bleeding cash which may threaten the existence of our company tell us directly what is going on and describe the environment at airbus right now? >> the purpose was to share with employees the fact and situation and face the new reality we are in we were hit by the gravest crisis we have ever had in civil aviation the purpose was to share with employees the situation and the need for action. >> you said this morning, you are hoping return to a cash neutral position by the end of the year you have planned to make some cuts where are you finding some cuts with respect to the environment? are job cuts also on the table >> the situation has changed massively compared to the previous situation we've been working

the ftse 100 has suffered as well, names like rolls-royce, but they do not have the same kind of waitingopposed -- hting as the cac. mentioning, we have seen fairly big difference since in terms of the volatility picture around the world but we have seen the daily swings dropping. mark,tinue below the 50 45.88. volatility is reasonably good news. in terms of some of the movers come of the movers, the big movers on the week, airbus, natixis, carnival trading down sharply. up byg mover this week, 8.74% but down today, the worst performing sector in europe today. vonnie: we are seeing a deterioration after the uptick in deaths, 562 in deaths -- debts in new york in 20 -- deaths in new york and 24 hours. just three companies higher in the dow. the lowest is raytheon technologies, down 41%. the s&p 500 is down 1.4%. all the major groups are lower. i am checking to see that that is still the case. even the pharma and biopharmaceutical index down. ae jobs data which was surprise but not a surprise, because we know how many people will be signing on to roles, the 10 year yield is at 58 basis poi

rolls-royce will scrap their profit target this weekend and dividend according to the financial timess the company will also announce new credit facilities of more than a billion pounds. last month, you could significantly reduce activities at its civil aerospace facilities. boeing has decided to keep it seattle area manufacturing hub closed indefinitely. the factories are were all of the company's wide-body jets are built. it had been scheduled to reopen late tuesday evening following a two-week closure. the pandemic injects fresh uncertainty into boeing's plan to get the 737 max back into the air. emirates looking to raise billions in loans after the coronavirus outbreak forced the airline to ground its passenger fleet. our sources tell us the carrier is reaching out to local and international banks. the government stepped in to she'll be airline, saying it would receive an unspecified amount of financial aid. that's your business flash headlines this monday morning. let's check the markets. we are dealing with data from italy to spain to the united states of america, so that's give

design and we are grateful for the efforts of an industry consortium including gkn aerospace and rolls—roycee companies die medic and plexus will start in their factory in kelso in scotland. the design is based on an existing model already in use in the nhs. the more ventilators, invasive and noninvasive, available to the nhs, the more patients can get the care they need when they need it. but the process of design, testing and assembly and manufacture does take time. we need to make sure that these devices are safe and there manufacture scalable. the challenge in increasing numbers is formidable which is why the engineers, designers and civil servants involved in this work is so impressive. but you don't need to be a scientist or engineer to be helpful. all you need to is to observe the social distancing guidelines that have been put in place. the more we all stay at home and slow the spread of the disease, the more time we buy from more ventilators to come on stream and for the nhs to become more resilient. finally, iwant for the nhs to become more resilient. finally, i want to turn to the

back to the markets, best performing transports and travel rolls-royce scrapping its financial target and dividend to shore up some capital as demand for engines has waned with more airlines canceling flights back to you. >> all right seema, thank you very much >>> let's get the latest on the coronavirus outbreak we go to sue back at hq. >> good morning, carl, everyone. the white house economic adviser larry kudlow says the administration has been discussing ways to pay for the fight against the coronavirus. >> this is a time it seems to me to sell bonds in order to raise money for the war effort, in this case the pandemic effort, in this case the effort to keep families and individuals and businesses afloat. i am all for it. >> hilton and american express are donating up to 1 million hotel room nights across the u.s. to frontline medical professionals including doctors, nurses, paramedics the offer begins next week and will run through the end of may. >>> a tiger at new york's bronx zoo has tested positive for the coronavirus. the zoo says six other large cats are showing symptoms, i

rolls-royce scrapping its payments for 2019.hat is in line with a lot of the headlines we are seeing. if you are expecting buybacks, that age seems to have passed with this coronavirus pandemic. are we nearing a bottom or not? jp morgan says stocks could be set for better days ahead. is that optimistic? we will discuss. this is bloomberg. ♪ ♪ back.welcome we have seen asian stocks rise. we are seeing european and u.s. futures rise. let's get the first word news. here are our top stories. taken tonson has been the hospital for tests. he struggles to shake the symptoms of the coronavirus. downing street says this is a precaution. he remains in charge of the government. 50,000 coronavirus cases. the british government is learning the -- warning the lockdown could be tightened. the health secretary has criticized people ignoring social distancing. to queen has urged britain adopt the same discipline and resolve that got the u.k. through world war ii. everyone will be able to take pride in how they responded to this challenge. that t

design and were grateful for the efforts of an industry consortium including g g k n aerospace and rolls royce these ventilators will be distributed to hospitals this week and next week u.k. production of another ventilator device from the company's dime medica and plexus will start at their factory in kelso in scotland the design is based on an existing product already in use in the n.h.s. more ventilators invasive and noninvasive available to the n.h.s. the more patients can get the care they need when they need it but the process of design testing assembly and manufacture does take time we need to make sure that these devices are safe and their manufacture scalable the challenges in increasing numbers of the middle which is why the commitment of the scientists engineers designers and civil servants involved in this work is so impressive. but you do need to be assigned a storage unit to help them or you need to do is to observe the social distancing guidelines that have been put in place the more we all stay at home and slow the spread of the disease the more time we buy for more ventilators

rolls-royce will reportedly toap targets this week extend evidence for the first time -- to suspend evidencethe 80's. stocksy the company slumped last week to its lowest since 2008. 7500 workers may be furloughed. credit suisse is said to have pulled out from hong kong. the bank was picked alongside jenny -- biggeste of china's health care start ups, and aims to raise up to one billion u.s. dollars but credit suisse is no longer working on the deal. tencent is looking to take its paid music app to africa after it was a hit in southwest asia. it has become onof the most popular music apps in emerging markets since launching in 2018. spotify -- it rivals spotify. a look att's take markets right now. we have a turnaround when it comes to risk assets. this monday morning, kicking of the week, but some big markets are closed. india thailand, macau, are closed for holidays. we are seeing basic gains in australia, singapore, indonesia entering a bull market after what we have seen the last two weeks or so. seeing some momentum. the dollar quite strong. we are seeing a nice picture when it comes to

rolls-royce will reportedly scrap profit targets this week and suspended its dividend for the first time and announce new credit facilities. news may come later on monday. the company's forecast slumped 31% to its lowest since october 2008. the paper says have of the 7500 workers may be furloughed. credit sweeps is said to have pulled out of the planned ipo we dr. in hong kong. the leadership shells -- china's biggest health care startups and aims to raise up to a billion u.s. dollars. isrces tell us credit sweeps no longer working on the deal. tencent is looking to take its paid music app to africa after its proved a hit in southeast asia. it rivaled butterfly -- rivaled spotify. manynt has not enjoyed successes outside of gaming. it is an exception because it does not compete in established markets like the u.s. and europe shery:. let's turn to hong kong last year issuing eight virtual banking licenses including alibaba affiliate and financial. a unit of china's insurance began operating late last month. the first of hong kong's new online lenders to do so. joining us is markson sue. g

it is a complete rolls—royce machine.o doubt that they can deliver and it is just the pace of how quickly things can be updated. one last question on communicating with her majesty the queen, because you, as i understand, have also been communications director to the queen so you have seen it from both positions. we have heard all the talk about collective responsibility for the cabinet and from dominic raab, but the cabinet cannot collectively go and visit the queen or phone the queen as this is a prime minister duty, how will this be handled ? a prime minister duty, how will this be handled? everyone has been reminded that we don't have a presidential system. i am sure that buckingham palace would want to be informed at the moment, but that golden triangle as it is called, the cabinet secretary, the prime minister and the prime minister to the queen will be in constant touch. that is very important because that isa that is very important because that is a very key part of the constitution and frankly we do not have a wr

we have already had stephen referring to big companies such as rolls—royce and burberry, who are upping our own supplies and demands and supply in the uk. but no apology, home secretary, for these failings that nhs staff and their families blame on the government? well, i am sorry if people feel they have been failings, i will be clear about that, but at the same time we are in an unprecedented global health pandemic right now, it is inevitable that the demand and pressure is on ppe and the demand for ppe are going to be exponential, incredibly high, and of course we are trying to address that asa course we are trying to address that as a government, and that is our priority. matt hancock as secretary of state has spoken about this repeatedly, the plan that he has outlined, obviously the ways in which we want to do much more to manufacture our own ppe in this country, while we also boost supplies from overseas partners and countries, where more ppe is coming into the country, but also ensuring that the distribution, which is unprecedented now in terms of health ca re unprecedented now i

the rumble we can hear will turn into a roar, the distinctive rolls—royce engines. us into the echelon position, so they will be alongside each other to run through for a second pass. marvellous, isn't it? you'd normally have a packed summer coming up, but possibly not as busy as you would hope to be. absolutely. can we talk briefly about the difference between flying the new and the old ? difference between flying the new and the old? what are they like to fly? utterly beautiful. they are quite tricky and certainly on the ground they do require your full attention but once they are up, they are utterly delightful, a real pilot's aircraft and you can see why they have the reputation they do. here they come again. it's so lovely to see captain tom waving at the fly overhead. they are going to come round again —— again for a third pass. you have another aircraft often flies with them. tell us about that. we have a lancaster and there's only two of them flying in the world, and based in lincolnshire to have a lancaster is something really special and i know ififiéffilfig f

small but experienced ventilator companies, and when you bring the industrial muscle of babcock or rolls—royceots of questions, and you made clear in the press conference yesterday about the order, the priority of who will be tested, patients first, so let's talk about nhs staff. when will all nhs staff who need it, need to be tested, be tested? i said yesterday that we commit to that by the end of this month. i want to make that happen as soon as possible. we started testing at the weekend and we got that up to 5000 so far. can i ask you to break that down and make it more clear because a target is 100,000 by the end of the month, so how does it work over the month of april, how many nhs staff do you envisage, what's the number that need to be tested and how would that happen bearing in mind you have a goal commitment of 100,000 tests by the end of the month? yes, the way that that will happen is that currently around 8000 people a day need to be tested as patients, and thatis need to be tested as patients, and that is the most important, and i have put them at the top of the priority list be