interesting that professor steven powell did say that the death toll figures are likely to rise because they only include the deaths which have taken place inside hospitals there are people dying of covert 90 in the community perhaps people who choose to be treated at home might choose to to die at home people that never make it to hospital so there will be there is a delay in the reporting of these figures and we can expect the death toll to rise in the coming days and weeks but really the main message from the government in this briefing was for people to stay at home but with the weather improving here in the u.k. there is a fear that people will be tempted to flout social distancing measures and the government is saying this mustn't happen so again you must stay at home to protect the n.h.s. and to save lives whatever temptations this weekend please don't go outside to visit the lakes the beaches the countryside. take pride instead in keeping your own families and communities safe. the more we restrict contact the more we slow the spread of the infection the more time we have to bui

number of daily deaths now interestingly you also hearing from the director of and it chess england steven powell and he was saying that there has also been a flattening in the number of confirmed cases and also in the number of hospitalizations and that is really important so and that's not just in london but also in other parts of the country but he did say that it will take some time for us to see the effect of that in the death toll think those because of this time lag with the virus it takes time for an infected person to start to show symptoms and then there's again time before they deteriorate to the point of needing to go to hospital and sadly they might die and so because of that time live you are likely to see a continued increase in the death toll in the coming days and probably this week iran has one of the country's hardest hit by covert 19 it started reopening government offices after a brief nationwide locked on it's got more than 70000 confirmed cases far more than 4300 people have died so basabe has more from tahar. weeks into the pandemic health officials confirmed what many ira

is going to be a delay in terms of what was the positive result but at the same time professor steven powell saying that that what was perhaps some indication of a plateau in or a stabilization of the biggest here in the capital london but you also have to be very careful about these day to day figures because they're watching the figures very closely each day we get more information about the coronavirus we're learning more about where we are in the epidemic that the curve of the epidemic but you have to be cautious about numbers because it is about the overall trend the overall cason and that has to be what the figures to. periods period of time whether it be days or weeks and that's what will really tell you that's what will really signal whether or not the bar is under some control ok from london therefore it's marian thank you very much now new york state is the epicenter of the u.s. outbreak and it has recorded another 603 deaths 630 deaths partly that is a new daily record that has one state governor andrew cuomo has also reported a significant number and the jump of infection so let'

steven powell saying that we are seeing a flattening a leveling off in the number of new cases of coronavirus and then also we're seeing an early signs of stabilization in new hospital admissions and that's really important because of the way in which this disease plays out way affects the human body the time lag between when an infected person starts to show symptoms and then if they deteriorate and become ill when they're hospitalized and sadly if they died and so because of that we're going to see this delay in the way it plays out in the death toll figures so you need the number of new cases and the number of heart hospitalizations to come down before you see any lowering of the death toll but that is unlikely to happen any time soon sadly we're going to see that they get continuing to rise in the coming weeks and where a very tall hovering near 10000 as i say how is the government's response being judged. well i think the public here is they are everywhere else in the world right now a very much aware of how deadly this virus can be a survey was carried out by laurie just last week which

chief steven powell has said that while we're not through the worst of it yet there are signs of recovery we have had a rise in the number of new u.k. cases but recently there is a little bit of a plateau i think it's really important not to read too much into this because it's early days we're not out of the woods we're very much in the woods and it's really important that we keep complying with those instructions. downing street top. professor neil ferguson also admitted there may be some evidence to suggest that lockdown measures are working however he also stressed that it is too early to know what effect this will have on the death rate but experts also caution against over interpret in the figures the infection rate could be an underestimate given the lack of testing and the death rate could be an over estimate as it indicates all deaths occurring with the virus not so early june to the virus or for more on this i'm not joined by an epidemiologist at work university dr mike tilsley. mike thanks so much for joining us on the one hand we're told there are green shoots and yet the dail

of daily deaths now interestingly you also hearing from the director of and it checks england steven powell and he was saying that there has also been a flattening in the number of confirmed cases and also in the number of hospitalizations and that is really important so and that's not just in london but also in other parts of the country but he did say that it will take some time for us to see the effect of that in the death toll think those because of this time lag with the virus it takes time for an infected person to start to show symptoms and then those again time before they deteriorate to the point of needing to go to hospital and sadly they might die and so because of that time live you are likely to see a continued increase in the death toll in the coming days and probably this week more than 30000000 people in brazil have signed up for emergency financial relief is locked on and on restrictions affect the economy the government's trying to streamline the payment process after thousands lined up attacks offices this week because of bureaucratic hold ups informal workers are entitle

mnuchin,nse of steven jay powell, congress, the administration in addressing the of tapestries that need. we did in 18 days what took is 18 months in 2008. erik: does that mean the market is no longer on the verge of collapse? tom: not at all. i think when we talk about know we areu talking about three separate things. it is shadow banking systems and individual investors all over the world buying bonds. that system is delicate and frayed and relies on cash flow. if cash flow stops, you have a problem. america of law in north has been if cash flow stops in your eight debtor -- you are a debtor, there is a system to protect. if your landlord and lenders do not pay, there's a legal system to protect the landlord. all of those options are out the window. we are embedded in chaos, and supporting the liquidity growth in the cessation of revenue is the quest. we have not had a crisis like this. have one where we just have a government taking revenue. erik: how would you describe the situation? how bad is it now and how bad is it likely to get? tom: it depends on the answer the question how soo

that a minutes ago, the treasury secretary steven mnuchin said that parts of the economy might be ready to open by may. does that seem right to you? chair powell: this is not a judgment that is assigned to the fed to make, and that is a judgment that has to be made, i think, starting with health officials. i do think it is time to have a serious public conversation and a lot of analysis about that. we need to have a plan nationally for reopening the economy. we all want it to happen as quickly as possible. we all want to avoid a false start where we partially reopen, and that results in a spike in coronavirus cases, and then we have to go back again to square one. we all want to avoid that. we are not experts in that here in the fed. i would really rely on the medical experts principally, and then that will be a decision for other parts of government. >> i would like to think a little bit about -- on the others here. going to be looking at two decide whether or not it is time to pull back these lending facilities and maybe begin to tighten again? chair powell: as you've noticed over the years, david, we tend to move gradually and productively.

powell is getting an a-minus. they mostly agree with his policies except for where the fed is buying high yield steven mnuchin gets a b-plus donald trump gets a c-minus, d-plus, surprising from a group that typically has put their economic approval of the president at 60% it's now down to 40% the lowest in our survey, as well as a decline in his expected chances of re-election. three of the four are doing well one of them, the big boss, not doing as well. >> steven, i have a question for you then about the implications you think of some of this. that's a lot of spending and at a stage like this where we're talking about the economy and keeping it from going into a tailspin, everybody saying don't worry about it, but eventually i imagine there are implications to these trillions of dollars in spending how to you expect future fed surveys to take that into account? what will the questions be >> right now, we're already asking those questions and had i known you were asking would have looked it up, but i can tell you there is not a lot of concern right now in the -- about the deficit or the inflationary implications

steven gallagh gallagher. andy, give me your gut reaction to what he said. the markets seem to feel very confident that he's on the case. >> absolutely. no question that chair powell and the federal reserve are all in, doing a great job. there was a survey in barron's over the weekend saying there was a 90% positive rating towards the fed. he was very comfortable today, very calm. he told you that they're here, they're on the job and if they have to do more, they got plenty of money with which to do more. very good question and answers and a lot of comfort there. i tend to think that, you know, a lot of the naysayers, we have had some really smart names come out and talk negatively about equities, we had carl icahn, scott minerd, jeff gundlack but you just quoted the screens, everything looks pretty good right now and the fed looks very comfortable. liz: yeah. we were even looking at non-bank lenders and they are looking rather strong at the moment. we are very close to session highs for the s&p 500. there was one interesting question from a journalist who asked about this disconnect and he said it appears that there is just an imbalance between the market which i

treasury secretary steven mnuchin met virtually with the leaders from the g-7 finance ministers as well as central bank governors, the central bank governor for the united states, jay powellthe fed chairman was also on that call, and the group of them decided that they are going to tackle this coronavirus and protect the economy globally. they said that the ministers reiterated their pledge to do whatever's necessary to protect jobs, protect the economy and the liquidity of the financial industry around the world. they also said they recognize it has to be a well-coordinated response going forward, putting aside all the other things that they want to do -- finish and do at this moment, focusing directly on the coronavirus. in addition, the group says the ministers and governors remain committed to, i'm going to quote here, committed to use all available policy tools to achieve strong, sustainable, balanced and inclusive growth. in addition, the imf, they do support what's going on there, the imf saying they have $1 trillion to lend out globally to help with this crisis on the financial side. also, the group of ministers and central bank leaders support what the world bank