ursula: absolutely.ee with you that although we are going into a volatile market, it is important for investors to continue to focus on long-term objectives of their portfolios. there are certainly areas where tactical opportunities will be available, but again, broadly speaking, a lot of end clients are in market fall for the end game. if we take a step back, from a blackrock perspective, the view remains that without a doubt the pandemic will deliver economic shock, and yet although market boosts are reminiscent somehow of -- we do not think reminiscent of the -- reminiscent of the financial crisis somehow, we do not think we will return to that again. that remains the central view, and that means drastic public health measures without a doubt. it also coordinated monetary and fiscal policy we are observing. this is the backdrop that drives the views. if i look at what investors are doing, how they reach out to our team, to blackrock in terms of thinking about their portfolios and what they are doing,

european commission president ursula from the lion has told germany's build newspaper that life will only return to normal once a coronavirus vaccine becomes widely available researches globally working on a vaccine which is hoped to be ready by the end of the year prices. hundreds of firefighters are battling blazes in the exclusion zone around the for much unknowable nuclear plant in ukraine environmental experts fear the fires could stir up radioactive ash in the ground the plant exploded in 1900 $86.00 and the area is now uninhabited the. legendary british formula one driver stirling moss known affectionately as mr motor racing has died aged 90 after a long illness it was widely regarded as the greatest formula one pilot to win the world championship but did finish runner up 4 times a felix and fiercely competitive driver he won 16 growing praise before retiring at age 31 following a crash that left him in a coma but he continued to rise in the special legend events right into his eighty's. and with that up to date remember you can get the latest headlines on. w dot com there's m

banned the export of vital medical supplies or addressing the european parliament in brussels today ursula from the lion apologized to italy and said that europe has now come together like never before to overcome the pandemic yes it is true that no one was really ready for this. it is also true that too many were not there on time when italy needed a helping hand at the very beginning and yes for that it is right that europe as a whole offers a heartfelt apology but saying sorry only counts for something if it changes behavior and the truth is true that it did not take long before everyone realized that we must protect each other to protect ourselves and the truth is that europe has now become the world's beating heart of solidarity it was or is love and the winds begin earlier today we spoke with our correspondent richard walker in brussels and we asked him does this apology mean more than just we're sorry. i think there are really 2 levels to this 2 aspects of this is as you were just mentioning earlier there was the one aspect of individual countries kind of going it alone in the early

meanwhile, the head of the european commission, ursula von der leyen, has offered a "heartfelt apologyto italy for not doing enough to help at the start of its coronavirus outbreak. our first report on the situation here in the uk comes from our political editor, laura kuenssberg. the start of another day were looking out the windows in a way to see outside. more time for fun for rocco and bonnie. before but for their parents in wolverhampton, another 2a hours working, playing, caring and cooking all within the same four walls. we've already done more than three weeks and i guess in some ways that have been like an extended holiday. we have had the weather and played a lot in the garden. but my fears about more time are more for the children. i guess there is a danger you could become quite worried about missing out on things. as the foreign secretary, in the place to be prime minister, confirmed today, that time at home will be longer. the government has decided the current measures must remain place for at least the next three weeks. we have come too far and lost too many loved ones

chief ursula found a lie in today unveiled the 100000000000 euro fund it's aimed at preventing mass unemployment in the e.u. british airways has reached a deal with its unions to temporarily suspend more than $30000.00 employees it's one of the most dramatic steps taken by an airline in response to falling passenger numbers and continuing travel restrictions british airways has already halted flights out of london's gatwick airport russian president vladimir putin has extended the country's nonworking period until april 30th in a bid to slow the spread of the virus in a televised address he said the country faces serious threats and that the peak of the virus still lay ahead. in south america the coronavirus pandemic has hit brazil the hardest almost $7000.00 people have been infected there that includes the 1st coronavirus case among its indigenous population of the country's presidential you're both so narrow he has come under fire for his handling of the pandemic last month he referred to covert 19 as quote a measly cold he's also the only major world leader who continues to criticize the wal

i saw notjust in the apology that ursula von der leyen and charles michel, the president of the european of the spreading of the covid—i9, there was not, let's say, a clear action towards italy. but then something moved. european commission, they took an initiative in terms of economic help. the european central bank intervened in order to support the resilience of the italian economy. your former prime minister enrico letta, he — a couple of weeks ago he said that he worried that the european union was showing signs of the trump virus, that it was a question of germany first, belgium first, netherlands first, rather than true community, united spirit. many italians today still believe that is true. many italians, of course, when they saw this tough period that we were going on, of course, they were asking for more europe — a europe intervention. and i think that i know that this feeling of dissatisfaction is coming also from the fear of some adventure that europe did in the past. we still have in mind the last economical crisis that we lived, ten years ago, while europe didn't react imm

and in another development, the president of the european commission, ursula von der leyen says the euternoon at the downing street news conference by dominic raab, it will be a three week extension, all that is pretty much above board, the government are quite happy to discuss it. what they are not happy to discuss is the exit strategy that follows the lockdown, what is the way out of this and indeed we have a situation now in which the situation is almost chiding journalists for even asking the question. we heard from the junior health minister nadine dorries pleading journalists to stop asking about it and we had the health secretary himself, matt hancock, saying that to do that risked confusing the public and therefore may be sending out a contradictory message that could result in people not observing the lockdown and therefore actually putting lives at risk. so, in a way, the government has sought to clamp down on any discussion whatsoever of the exit strategy because they believe it would be contradictory it would be counter—productive and actually could even lead to people losi

that 1st year in europe some countries are beginning slowly to emerge from the week's long lockdown ursula funder line the european commission president has called the blocks response to the virus crisis the most impressive anywhere in the world but speaking to european parliament lawmakers she also conceded that the e.u. was not ready when the pandemic 1st began and issued an apology to one particular country yes it is true that no one was really ready for this. it is also true that too many were not there on time when italy needed a helping hand at the very beginning and yes for that it is right that europe as a whole offers a heartfelt apology but saying sorry only counts for something if it changes behavior and the truth is true that it did not take long before everyone realized that we must protect each other to protect ourselves and the truth is that europe has now become the world's beating heart of solidarity let's get more now we're joined by richard walker who has the view from brussels so richard tell us i mean this is not the 1st time that funder line has issued an apology espe

chief ursula fund ally and she took part in that summit today she warned that all you countries need to see a steady recovery or risk deepening the divisions within europe by the pandemic no certainly no borders and is blind to nationalities some countries are certainly hit harder than others and unless unless we act decisively and collectively the recovery will not be symmetric and divergencies between member states will increase or let's take the story out of brussels and speak with chief international editor richard walker getting me to you richard so how do e.u. leaders after this meeting today how do they plan to tackle this huge problem. well we are a few baby steps closer to an answer on that brain but we're still not quite there basically all that 27 e.u. leaders managed to agree on so far is the really broad strokes of what they want to happen they have agreed that they want to have a big recovery fund that is designed to help countries recover their economies once the really intense phase of this pandemic is behind us and to try and smooth out inequalities and how they are

i'm sorry kelly welcome to the program european commission president ursula fonda line has conceded that the e.u. was not prepared for the coronavirus pandemic when it began at a special session of e.u. lawmakers she said that the blocks response that went on to become the most impressive in the world and she offered an apology to the e.u. member worst hit by the pandemic. yes it is true that no one was really ready for this. and it's also true that too many were not there on time when italy needed a helping hand at the very beginning. and yes for that it is right that europe as a whole offers a heartfelt apology but saying sorry only counts for something if it changes behavior and the truth is true that it did not take long before everyone realized that we must protect each other to protect ourselves and the truth is that europe has now become the world's beating heart of solidarity as friend richard walker he joins us now from brussels richard tell us i mean we just heard the funder line speaking there in your view did she admit that the e.u. failed italy. yes absolutely i mean i think

know, you know, if you thinkou about salman rushdie, if you think about toni morrison, you know, ursula k. leguin, the list just goes on and on and on. everybody, i think who we'veer eally valued as a writer has come through those doors. >> repoer: each year, powell's 500-or-so readings draw an estimated 36,000 people, big numbers in the bookstore world. the bestck-selling author moody say's there's nothing in the couny like reading there. >> the first time i ad there, i knew a tiny bit about it by reputation. and then i had that amazing experience of coming up burnside and seeing the marquee. >> there's something about powell's and that big marquee right in the middle of downtown that gives a b of a kind of a dio city music hall vibe to the authors that come through. >> rorter: and how often does a poet get to see her name on a marquee? >> (laughs) that's ast great qn. >> reporter: but authors seem to thrive mt at powell's not as star attractions, but as browsers. >> my wife's family is from portland, so we go every year, and i pl my trip to powell's from the instant that i land. i can

action is being co—hosted by president macron of france and the president of the european commission, ursulaes. in a huge show of support for the who, other world leaders also took part in the announcement — but not the united states, which has withdrawn support for the organisation. 0ur correspondent imogen foulkes has more about the launch of the initative. the who, from the get go, has called for solidarity in the face of the pandemic. it doesn't want treatments or eventual vaccines to be available only perhaps to the richest in the world. now, some people will remember when there was a huge campaign to find treatments for hiv/aids. those anti—retrovirals did go to the developed world, the industrialised nations first, and there had to be a big campaign to get pharmaceutical companies to be fair, to reduce their prices. the who wants to avoid this from the start. and that's what all these world leaders were pledging themselves to do, and the leaders of big pharmaceutical companies, and big trusts like the bill and melinda gates fund. so with that kind of commitment, we would hope, one, re

banned the export of vital medical supply its own dressing the european parliament in brussels today ursula fund a lion apologized to italy and said that europe has now come together like never before to overcome the pandemic. yes it is true that no one was really ready for this. it is also true that too many were not there on time when italy needed a helping hand at the very beginning and yes for that it is right that europe as a whole offers a heartfelt apology but saying sorry only counts for something if it changes behavior and the truth is true that it did not take long before everyone realized that we must protect each other to protect ourselves and the truth is that europe has now become the world's beating heart of solidarity. for the lion speaking earlier today i spoke with our correspondent richard walker in brussels earlier today and i asked him if this apology is also an admission from the commission president that the european union failed italy. i think there are really 2 levels of these 2 aspects of this is as you were just mentioning earlier there was the one aspect of indiv

the president of the european commission, ursula von der leyen, has said europe owes italy a heartfelt to offer enough support at the beginning of the coronavirus epidemic there. italy was the first european country to suffer a serious outbreak and has recorded more deaths than any other nation bar the united states. yes, it is true that no—one was really ready for this. it is also true that too many were not there on time when italy needed a helping hand at the very beginning. and, yes, for that, it is right that europe as a whole offers a heartfelt apology. but saying sorry only counts for something if it changes behaviour. of course, there are still some who want to point fingers and deflect blame, and there are others who would rather talk like populists than tell unpopular truths. to this i say stop it. stop and have the courage to tell the truth. have the courage to stand up for europe. because this union of ours will get us through. italy responded by calling it an important act of truth. here's gavin lee. we have not yet heard from the prime minister or the opposition but you g

the head of the european commission, ursula von der leyen, said it would mobilise a trillion euros' worthvestment, and would require greater contributions to the eu's budget. the world health organization is warning that up to half of all covid—i9 deaths in europe could have been among care home residents. its regional director for europe, hans kluge, said there was a ‘deeply concerning picture' emerging of the impact covid—i9 is having on those in care, labelling the fatalities an ‘unimaginable human tragedy‘. the bundesliga says it hopes to resume matches on the ninth of may, becoming the first major european football league to restart after the coronavirus outbreak stopped matches. the proposal — which would need to be ok‘ed by the german government— would involve matches taking place behind closed doors, and those taking part be rigorously tested for covid—i9. vietnam has started to ease lockdown across much of the country after reporting no new coronavirus cases for a week. with only 200 and 68 confirmed infections — and no deaths — the communist government‘s strategy for containing

action is being co—hosted by president macron of france and the president of the european commission ursulal and melinda gates. in a huge show of support for the who, other world leaders also took part in the announcement, but not the united states — which has withdrawn support for the organisation. translation: it is inexcusable that any country who finally finds a vaccine keep it for itself. the moment we reach that point in this fight we need to make the vaccine accessible as fast as possible for the whole population. the initiative we are all working on is one that can make this available to everyone and every geographical area and that is the fastest way we can get back toa the fastest way we can get back to a normal life. president macron speaking there. turkey has the seventh—most recorded infections in the world, just behind the uk, and more than china. that's despite tough lockdown measures in place in 31 provinces. the authorities say the outbreak is under control but medical sources have told the bbc the real number of deaths is not being reported. from istanbul, our internationa

to europe now — and the head of the european commission, ursula von der leyen, has said europe owes italy support at the beginning of the coronavirus epidemic there. italy was the first european country to suffer a serious outbreak and has recorded more deaths than any other nation bar the united states. yes, it is true that no one was really ready for this. it is also true that too many were not there on time when italy needed a helping hand at the very beginning. and yes, for that, it is right that europe as a whole offers a heartfelt apology. but saying sorry only counts for something if it changes behaviour. of course, there are still some who want to point fingers and deflect blame. and there are others who would rather talk like populists than tell unpopular truths. to this, i say, "stop it. "stop and have the courage to tell the truth. "have the courage to stand up for europe. "because this union of ours will get us through." italy responded by calling it an important act of truth. here's gavin lee. we haven't heard yet from giuseppe conte the prime minister, and you get a sense a

the president of the european commission ursula von delenn has apologized for not doing enough to help italy when called on a virus pandemic 1st began as early as the hardest hit country in the e.u. with more than 21000 deaths yes it is true that no one was really ready for this it is also true that too many were not there on time when italy needed a helping hand at the very beginning and yes for that it is right that europe as a whole offers a heartfelt apology but saying sorry only counts for something if it changes behavior. and the truth is true that it did not take long before everyone realized that we must protect each other to protect ourselves but hand on it will cause asia's economic growth to stall at 0 percent for the 1st time in 60 years that's the latest dark production from the international monetary fund the outbreak has taken an unprecedented toll on the region it's expected to rebound next year but the outlook remains uncertain. or than 2 dozen rohingya refugees have died of starvation on a boat that's been adrift for 2 months off the coast of bangladesh nearly 400 peo

ursula von der leyen apologizes --the one of eyebrows break to the coronavirus response outbreak. was inadequate and now she is planning resources to fund the italian layoffs. with more on what the commission can and cannot do, is paolo gentiloni. as always, thank you for giving us a bit of your is a schedule. when you look at projections for recession in italy and in europe, how bad will it be? what are the numbers you are looking at right now? morning.od nows very difficult to have a real forecast. we are working on scenarios. in aobviously we are lockdown. -- lockdown -- -- but less producing obviously this does not mean that after the lockdown we will , a rebound will be immediate. so the duration of the outbreak and the duration of the measures of lockdown that have been taken is crucial to understand the real dimension of negative growth that we will have before but i amace recession, sure in the second and last part of this year, we will have also a rebound, which could be very important. francine: talk to me about your current projections for public finances in italy once

the president of the european commission, ursula von der leyen, has said europe owes italy a heartfeltsupport at the start of the coronavirus epidemic. italy was the first european country to suffer a serious outbreak, and has recorded more deaths than any other nation apart from the united states. mrs von der leyen was speaking to the european parliament. yes, it is true that no—one was really ready for this. it is also true that too many were not there on time when italy needed a helping hand at the very beginning. and yes, for that it is right that europe as a whole offers a heartfelt apology. but saying sorry only counts for something if it changes behaviour. gavin lee is in brussels. very striking comments. this is a significant acknowledgement of the most powerful person in brussels, this is a formal recognition that in the moment of panic, when italy needed most help, that famed spirit of solidarity in the eu didn't show itself. president von der leyen talking to the european parliament saying it was important to show courage of honesty and it would only be populists who did not

also corona bonds with germany ursula von der leyen apologizing that at the start of the crisis they not done more to help italy. this is bloomberg. ♪ economic impact and on the sustainability of the public finances is still to be assessed and clarified. there are a number of uncertainties, including the impacts of this pandemic disease. we estimate for the italian gdp that couldin , and bad as 11.5% overall highmatter of fact, for a debt country like italy is, that would be extremely severe tensions on the financial stability of the public finances. i don't believe there are alternatives that to our solidarity of the debt. i know that there is resistance in germany and the nordic cultures about the concept of the eurobond, but i also recommend it as the leading european think tank to rename esb,bonds in what i call european solidarity bonds. that is the only way to have long term debt consolidated to save lives, to have an impact. francine: we do have a horrific headline saying the number of deaths because of the coronavirus has risen to 10,003 people from 9053 people yesterday. i u

the head of the european commission, ursula von der leyen, has said europe owes italy a heartfelt apologyailing to offer enough support at the beginning of the coronavirus epidemic there. italy was the first european country to suffer a serious outbreak, and has recorded more deaths than any other nation bar the united states. yes, it is true that no one was really ready for this. it is also true that too many were not there on time when italy needed a helping hand at the very beginning. and yes, for that, it is right that europe as a whole offers a heartfelt apology. but saying sorry only counts for something if it changes behaviour. of course, there are still some who want to point fingers and deflect blame. and there are others who would rather talk like populists than tell unpopular truths. to this, i say, "stop it. "stop and have the courage to tell the truth. "have the courage to stand up for europe. "because this union of ours will get us through." italy responded by calling it an important act of truth. here's gavin lee. we haven't heard yet from giuseppe conte the prime minister,

here's the european commission president, ursula von der leyen.asures, it is of utmost important that they notify this to the commission and to the neighbouring countries, so that we do not have unwanted effects. good neighbours and speak with each other. here's our europe editor katya adler on the eu strategy. its response to the beginning of the covid—19 pandemic was really messy. what they're saying now is before you start lifting her locked key please co—ordinate into not even think about it unless the number of infections as been going down for sustained of time a republican syste m sustained of time a republican system is able to deal with the spike of new infections and to much of the testing capacity to trace new infections and protect the general public will be out and about. with the hope here is to prevent a new wave of infections across europe. this is not about that, it's by the easing of restrictions and reducing them again if necessary if there's a new wave of infections. germany has extended social distancing rules until 3 may, and

action is being co—hosted by president macron of france and the president of the european commission, ursulaes. in a huge show of support for the who, other world leaders also took part in the announcement — but not the united states, which has withdrawn support for the organisation. here's mr macron on why this collaboration is so important. translation: it's inexcusable that any country who finally finds a vaccine keeps it for itself. the moment we reach that point in this fight, we need to make the vaccine accessible as fast as possible for the whole population. the initiative that we're working on is one that can make this available to everyone in every geographical area — and that's the fastest way we can get back to a normal life. i've been speaking to our correspondent imogen foulkes about the launch of the initative. it was really a star—studded cast, with one star conspicuous by his absence, and that was, you know, the president of the united states, donald trump, who has really bitterly criticised the world health organisation for its handling of this pandemic. now the who has chos

yesterday, we suckers 11 -- saw ursula they forogizing to the italians what has or has not been doneo far. now we see the prime minister in italy saying it's time for the eu to be both. is there a burning platform for the eu to be both -- both? -- bold? laura: at this stage, there is still uncertainty in terms of what the actual financial repercussions will be in terms of lows at this stage. there is still a call for coronavirus bonds and a more coordinated virus initiative action from the eu. it would likely be the case that if we need more fiscal stimulus pumped in an order to keep the health crisis contained, that remains to be seen. that could ultimately widen the spread let's again. it's likely a case that markets are still going to want to see further court action coming from the eu leaders. matt: thanks very much. laura cooper there, your bloomberg mliv macro strategist coming to us on these very volatile markets. not just stocks. we are seeing incredible volatility in oil. coming up, we speak with the european commissioner for internal market and services. that exclusive inte

ursula von der leyen said the new seven-year plan in january will be "the mothership of recovery and must be different to what had originally been imagined. she said the budget must be frontloaded to power investment in the initial years. the world's top oil producers say they are open to either -- even further output cuts beyond what was agreed in the opec-plus deal. saudi arabia and russia issued a joint meant saying they are watching the market closely and will take measures deemed necessary. they pledged more than 10% since sunday's announcement. producers would slash global output by 10 million barrels per day. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. >> still ahead, we will take a look at how markets are faring with portfolio manager jim. this is bloomberg. ♪ shery: the scale of the recovery facing china will be revealed later when first quarter gdp growth is expected to show an historic slump. data from march is also expected to refl

our europe correspondent, gavin lee, says ursula von der leyen's president trump has claimed the unitedck in business. thank you very much. the data suggests that nationwide, we have passed the peak of new cases. hopefully, that will continue and we will continue to make great progress. these encouraging developments have put us in a strong position to finalise guidelines for states on reopening the country. we will be talking about that tomorrow. more than 30,000 americans have died from the coronavirus, more than in any country anywhere else in the world. and although hospital admissions are down and the spread of the virus has slowed, health officials continue to warn of the dangers of a second surge if social distancing guidelines are lifted too quickly. the key issue is testing. so far, just over 3 million americans have been tested for the coronavirus. not enough, according to several leading employers, who believe that more testing is needed before people will feel safe to return to work. ultimately, it will then be state leaders who decide when the economy reopens, and not the p