tom india will. come when vince and then he can fade into fits i'm nice a man has been simple be it when he. doesn't snap the bodleian. the 19 year old cannot make a living from football alone like most of her teammates fair pay for women who play under professional conditions is still all to read as his son best. yeah minus absences defunct was but i took tivo and. finding. along with the 9 men's teams the rule of valley has 7 women's teams in the top 3 divisions all fighting for points and recognition. not struggling for the last. trophy collector i'm found magnet for mission. as well. as an exhibit with us. because we shouldn't. know what this is. above all don't know and is about in motion trophy wins provoke massive street policies another title this season isn't out of the question but would that be more a cuss than a gift. and he also will be. a live demonstration. of it. she's. a spice of the crisis i'm financial hardship gemini's football hockey in the rule a valley will keep beating especia

tom india will. once i finish cooking come on vince i'm going to fade in the face i'm nice a man had seen it will be it when he testified tell it doesn't it's not about van. the 19 year old cannot make a living from football alone like most of her teammates fair pay for women who play under professional conditions it's still all too rare this is. warden. yeah minus absences to functions but i took tivo and. for any reason i define. along with the 9 men's teams the rule valley has 7 women's teams in the top 3 divisions all fighting for points and recognition. not struggling for the last. trophy collection and found magnet for mission. is well. 'd above all don't mind is a bounce in motion trophy wins provoke massive street parties another title this season isn't out of the question but would that be more a cuss than a gift he was. a live demonstration. for the. spice of the crisis and financial hardship gemini's football hearts in the rule valley we keep beating especially in the amateur leaks where f

tom: india's automakers are suffering. they did not ship a single vehicle in the month of april. the outlook from here? they were struggling before the lockdown. the outlook is very bleak. they do not know when they will be able to renew production. left theof workers major cities and industrial hubs when the country was locked down in march. attracting them back to work will take some time. there is a lot of confusion around the lockdown measures. major these present a challenge. yvonne: there was a big spike in cases over the weekend in india. thank you for that update. we have plenty more ahead. this is bloomberg. ♪ yvonne: taking a look at markets once again. asia and a bit of trouble. some cautiousness as we start the month of may. china, japan, and thailand are closed for holidays. we are dealing with some lower volumes. the hang seng seeing the most declines. really majors are leaving the losses today, and some tech names. asiare watching southeast like the philippines, singapore, malaysia falling some 2%. we have some pmi's coming out when it comes to southeast asia. we a

we will have the latest on india's latest parcel lockdown easing next. this is bloomberg. ♪ tomck. you are watching "bloomberg markets: asia." india's firstd day of freedom from astringent lockdown as workers clash with police in the west. let's go to mumbai. door brawls outside liquor shops. in new delhi there were clashes with police. -- there were brawls. to what extent could this affect plans to reopen the economy in india? cast was thend theme in various parts of the city. the migrant workers and daily wage workers have been demanding to go back home but they were struck because of the 40 day long lockdown. now when the lockdown has been extended by two weeks, they really feel the need to reach home. classesry violent happened that -- clashes onened that -- at surat, of the largest diamond centers in the world. police used batons and fired tear gas to re-disperse the crowd. the government is saying they're starting special pains to ferry them back home by the process is long. they have to check that the migrant workers will not have the symptoms before they board a train. t

india's g.d.p. until march 21. clearly it's not very good prognosis. tom does that suggest then or tell us about the strength of rebound when these restrictions are eased in india. >> well, what policymakers have done is they are slowly opening up the economy but most of the industrialized state in india are still thunder virus pandemic, suffering from this virus pandemic, numbers are growing all the time and these make up about 66% of india's g.d.p. in deutsche bank. so clearly even though india is opening up, the recovery is going to take a lot of time. there are a lot of restrictions put on not only manufacturing sector,ut also services farm sector is the only bright spot given that migrant laborers are allowed to work for the winter harvest. among the three sectors, manufacturing is probably going to lead the recovery. it's going to take a longer time. all in all, the indian economy is headed toward a really, really bad time given that this virus has hit the back bone of the indian economy. that's really taken a beating. yvonne: that was our economy an

vast amounts of rain to come very often old in bangladesh more like to the northeast of india just touching wood tom as well after that things are much drier the reserves is dropped out of the rest of india with the exception of kara it's dry increasingly hot. i care brainier people back to life i'm sorry walked out on the best of al-jazeera documentaries in little i was the joke of the gloves and no only like and the other student green line continues with spirit child who do stories that have impact on society i testify in a court of law to make sure that the bad guys i put behind bars so many people have gone to jail as a result of my work rewind on al-jazeera. welcome back if you come out of the top stories here on al-jazeera china's premier league has been outlining the country's plans for the next year the opening of the national people's congress he said beijing would not set a growth target for 2020 and will step up spending to bolster an economy badly hit by the coronavirus pandemic. of operations underway in eastern india and bangladesh after one of the most powerful cyclons hit the bay of

india. here in the uk, the world war ii veteran captain tom moore has been speaking about his delight at they the prime minister borisjohnson after his fundraising efforts for the national health service charities. you probably remember those pictures — he walked 100 laps of his garden before his 100th birthday last month. he ended up raising almost £32m. -- £32 —— £32 million. this honour is so outstanding that i really cannot say how i feel. i certainly feel it had been given at a very outstanding honoured by the queen and the prime minister and i think them all very much. i am certainly delighted and i am overawed by the fact that this has happened to me. this is outside source live from the bbc newsroom. our main story... greece has announced plans to restart tourism from the middle ofjune. cyclone amphan, the first super cyclonic storm in the bay of bengalfor 20 years, has made landfall in bangladesh and india in the last few hours. this satellite map shows the storm making its approach up the east coast of india. it's been categorised as an extremely severe weather system, with winds g

tom: global economics and policy editor kathleen hays. we'll be talking more about the fed later. to loretta mester. up next, india'srowth agent is going to a halt. we will look at gdp data and what could be the country's worst recession on record. this is bloomberg. ♪ tom: welcome back. we are counting down to the opening of the session in india. now little over an hour away. futures are down five tens of 1%. gdp data are due later today. hotels and airlines are grinding to a halt. india is facing what could be its worst recession on record. is ang is from mumbai policy reporter. is this the start of something of a sharp slowdown or something more pronounced? >> absolutely. it is a trailer of what lies ahead. it does not make a good reading for india at all. before the lockdown, it was showing signs of a recovery in january and february. that has been wiped out in march. bloomberg economics estimates lockdown, andof four percentage from the quarterly gdp. you rightly said services industries, which makes the backbone of the economy collapsed. the only bright spot are -- right spot probably is the farming sector. ev

during the second world war, captain sir tom served in burma and india. inues, notjust from his fundraising but to be recognised by the prime minister and then the queen in this way, i'm sure there are people waking up this morning opening their newspapers and turning on the news and it is bringing a smile to their face and they are thinking, yeah, go on, old boy, keep going, it's fantastic. has he been an inspiration as well to those in the armed forces? he absolutely has. i commend the army foundation here in harrogate, and we have 1300 trainees going through basic training at the moment and he has beena genuine training at the moment and he has been a genuine inspiration to them. they are at home right now, and as sir ian was saying, young people taking on these challenges almost mirroring what he has been doing, and i'm hearing all sorts of stories about half marathons, burki challenges, and i think sir tom's probably having as much of an effect as some of these online fitness programmes at the moment, its phenomenal —— burpee phenomenal. programmes at

that was bloomberg markets co-anchor tom mackenzie from the forbidden city in beijing. now to the first nude, india'sentral banks cut rates in an unexpected announce thment morning. it's ramping up support for an economy facing its first recession in four decades. the benchmark repurchase rate was lowered by 40 basis points to 4%. the reserve bank's next meeting wasn't scheduled until june 5. president donald trump decided to withdraw from the open skies treaty, an arms control act designed to promote transparency transparency between the u.s. and russia. the president is citing violations from moscow. aying. he move won't take the move won't take place for six months. there are just over 300 pandemic cases and no deaths. with many countries shrinking, the prime minister said his country could still grow as much as 5%. certain macroeconomic indices as overspending, therefore we have sed the -- set the g.d.p. growth of 2020 to be 5%. i believe this is the highest g.d.p. growth expectation in asia at the moment. nejra: global news powered by more than 240 journalists and analysts in 120 countries. chin

in other countries, it is much harder, or his ilk, india, to india, to -- brazil, put social distancing into place. tom talking about mergers and acquisitions and make clear they need to be more profitable before m&a i would suggest -- m&a. i would suggest about the case of j.p. morgan that in this shock, the lack of revenue, the lessening of profitability, do you just assume we have a big world roll up, that we have mergers and consolidation? seeingone thing we are that really is off the charts is where the investment-grade issuance is coming out. if you look at the high-grade u.s., $1.6 in the trillion in issuance. $1 trillion despite the end of may, that is extraordinary. one difference with these facilities that have been put into place, you are looking at a strong backs drop -- backstop to a lot of companies. what we will see in the u.s. is are there more difficulties in the nonbank sector? on the capital markets activity in the u.s., partly because of the facilities that have been in place, we are hitting numbers we have not seen previously as it is possible to build up a fortress balance sheet a

a new report says india's virus ofs -- lockdown saw the loss 120 million jobs last month alone. tom: the u.k. has become the most seriously affected company -- country in europe as far as debt, surpassing italy with 30,000 confirmed fatalities. more pressure on the johnson government, with critics saying he has been slow to respond to the pandemic. the prime minister ordered a locked down much later than other european countries and was slow to begin testing in the early stages of the outbreak. the white house is discussing shutting down the coronavirus task force possibly as soon as this month, with vice president mike pence saying it has achieved its goals. slowed the u.s. has spread of infections and the administration is "confident it can meet demands for medical resources in the future." he added any decision on the task force would be based on conditions at the time. next, hong kong is inching toward normalcy with the move to reopen schools and bars, but signs of protests returning may spoil investor sentiment. the former hong kong exchange chairman gives his outlook for the c

rajaram with the latest there from kolkata in india's west bengal let's check in now with a ton there child really who's in bangladesh his capital dhaka tom there are just how much damage has been caused by the storm in bangladesh. well more and more reports are trickling down i mean the number of that tolls actually went up the local media is reporting some of them saying 9 some of them think now they've got a list of the people who actually died on the location now we can right now independently come from that but i'll be as destruction is quite obvious i mean in terms of man lives lost is not much because people were taken to shelter but the destruction in southwest bangladesh is just tremendous i mean report of thousands of houses in the low lying delta area demolished because of title sergeant heavy when we know that is known for fish culture and farmland and shrimp cultivation which is the export industry totally devastated mango plantation ligi plantation all blown to pieces and more and more we are getting reports that at least $5000000.00 people out of power many communications sites a lame snap now we have to see how the relief

shery: what about economic activity in india, another country that has been badly hit by the outbreak? tomrd from prime minister narendra modi. billion.pend $265 this package which he announced last night includes some measures that have already been unveiled. 10% within gdp, so in line with the stimulus we have seen in hong kong but not as much as the stimulus we have seen in singapore as a proportion of gdp. modi said spending will focus on land, labor, liquidity. there were few concrete details in this speech, but the initiative that was announced as well as tax cuts for new plants and factories and incentives for overseas companies is an attempt to lure investors to stop the virus, completely crushing india's economy. the economy is on track for its first full year contraction in four decades and we have seen 122 million people lose their jobs. despite the lack of details around this announcement, indian duties have rise on the news so there is an element of optimism. certainly people waiting for details. haidi: tom mackenzie in beijing with the virus round up and do not miss a big int

to did they want highlight india did they feel it was necessary? >> yeah, that's right, tom. send a want to message that they are pulling out all the stops. very first steps in february in the annual budget. remember back then the prime saying this is why e say singapore has this reputation, being federal iscal prudent, not wanting to tap their reserves. this is their rainy day, knowing everything that they the crisis in terms of fiscal deficit. of a targeted message yesterday in terms wanted to y achieve. they made it about jobs. they rolled out different stimulus for businesses and consumers. yesterday was all kind of pointing back to the labor market. wee still kind of waiting these sorts of stimulus measures will impact city-states, but they do want to kind of, you know, do what they can to layoffs any further beyond what we might have had so far. myriad ofve had a different oceans. another extension in wage subsidies. help small and medium size enterprises. there is a worry about a lot those businesses. funds to help to adopt and ment systems, training programs and other

tom mackenzie beijing. coming up, if you thought america's labor market was in 120 million people lost their jobs in india.the virus containment measures. we will hear from the leading private think tank on that. haslinda: up next, we talk market outlook and strategy with -- case for a v-shaped recovery in china and where he sees opportunities to profit. this is bloomberg. ♪ haslinda: we are looking at a broad rally and asia to marxist -- in asia. investors remain cautious as investors reopen. they are looking to see if there is a second or third wave of new infections. taking a look at where we are right now, the csi 300 index up by .6%. the pboc pledging stronger monetary policies. theays it will not flood market with liquidity. the csi 300 trading above its 100 day moving average. we member the last time it did that, the rally did not -- remember, the last time it did that, the rally did not. the nikkei 225 up by 1.5%. it plans to remove 30 four prefectures from a state of emergency. take a look at where we are in terms of southeast asian markets with indonesia, singapore, philippines, alternating and p

are evacuated from coastal areas of bangladesh and eastern india as a severe cyclone is predicted to make landfall in a few hours' time. captain tome by then i might be a rather poor old weak soul. hello and welcome if you're watching in the uk or around the world, and stay with us for the latest news and analysis from here and across the globe. but we'll start with the decision from rolls—royce to axe 9,000 jobs amid the coronavirus crisis. most of the company's civil aerospace staff are employed in britain. uk government ministers are under pressure to delay plans to re—open some schools in england on the 1st ofjune, after at least 11 local councils expressed safety concerns or warnings that they will not be ready. the british medical association — the doctor's union — has said schools should reopen as soon as it is safe to do so, adding that a zero—risk approach is not possible. brazil's health ministry has announced that almost 1200 people died with coronavirus in the last 24 hours. it's the first time brazil's daily death toll exceeded 1,000 people. the country has more than 270,000 registered cases. authorities in spain say