let's get to first word news with viviana hurtado. s johnson is in intensive care, his infection worsening after being hospitalized over the weekend. he has been self-isolating for 10 days, struggling to shake off covid-19. foreign secretary dominic raab is taking over temporarily. >> government business will continue and the prime minister is in safe hands with a brilliant team at st. thomas hospital. the focus of the government will continue to be that all the plans for making sure that we can defeat coronavirus and pull the country through this challenge will be taking forward forward -- will be taken forward. billna: the next stimulus from the u.s. congress will be worth another $1 trillion, according to nancy pelosi, speaking on a private conference call. the speaker discussed additional direct payments to individuals, and extended unemployment insurance and more resources for food stamps. for the first time since the pandemic emerged in january, china reporting no new coronavirus deaths. new cases are slowing across much of europ

let's get straight to bloomberg first word news in new york city with viviana hurtado. gin with asml. it says it cannot provide guidance for the second quarter, but it hints it could see a significantly more profitable quarter. it is a supplier to taiwan and china's semiconductor. it sees no changes due to the coronavirus up rate. u.s. airlines agreed to a deal with the u.s. treasury department to access $25 billion in aid. the deal covers a major -- all american major carriers. thanwest will be paid more $3 billion. the industry is expected to burn through $10 billion to $12 billion per month. now to airbnb. it raised another $1 billion in debt with the global coronavirus pandemic crushing demand for travel and diminishing the prospect of an ipo. i'm sharing company has been shoring up finances. bloomberg understands airbnb source the debt from investors including silverlake and blackrock. we end with oaktree capital howard marks. the investor known for buying up debt of troubled businesses says the troubled central bank is protecting investors and companies from the co

let's get to the bloomberg first word news in new york city with viviana hurtado. viviana: we begin this new is a news morning in the u.s., the nation temporarily postponing head of client investment strategy -- tariff payments to free up cash for businesses hit by the pandemic. it is limited in spoke -- scope so it will be on steel or aluminum or enforcement actions, including taken a big -- against airbus. says china may be "knowingly responsible" for the coronavirus outbreak, a major change from january and february when the president cheney -- praised china's leadership and handling of the crisis and echoes comments by vice president michael pence, who told fox news sunday "china was not as forthcoming as they should have been." to the u.k. where the government is defending its handling of the coronavirus crisis. it comes after a sunday times that boris johnson failed to take the outbreak seriously in its early stages. the government, issuing a rebuttal saying the article contains "a series of falsehoods." sticking with the pandemic, it is showing signs of easin

right now with our news in new york city, here is viviana hurtado. viviana: gentle men, we begin in , prime., a dramatic turn minister boris johnson in intensive care, not on a ventilator but receiving oxygen. on sunday he was hospitalized. condition worsened. he is receiving oxygen but is not on a ventilator, clarifying that. foreign secretary dominic raab will step in for p.m. johnson. he told reporters the government will continue. he is taking over at a crucial the pandemic is expected to peak in the u.k. next week. u.s. house speaker nancy pelosi wants the next round of stimulus to be at least $1 trillion. mrs. pelosi telling congressional democrats the package should include more direct payments to people and more small business loans. president trump says a fourth stimulus bill is under serious

now here is viviana hurtado. senate majority leader mitch mcconnell wants a quick vote on the next round of stimulus, pushing a $200 billion boost for small business aid. nancy pelosi wants a package twice that size, adding 100 billion dollars for hospitals and 150 billion dollars for state and local governments. now to the rescue package, it is squeezing u.s. airlines. they expected government checks to begin arriving days ago and they are frustrated with the prospect of applying for more financial information. says money would go to workers who lose their jobs during the coronavirus pandemic and yesterday he got a big boost when bernie sanders announced he was suspending his race for the white house. plea -- getat this over differences. renewing herarde call for a strong response to the coronavirus. failure to agree on a relief package and more talks are set for today. global news 24 hours a day, on air and @quicktake on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i a

with our first word news, here is viviana hurtado. nald trump shifting his tone on georgia and the governor. he disagrees with governor camp's decision to reopen the state. parlors, movie theaters, and nail salons can start reopening but the president says it is too soon. europe's economy suffered a massive blow this month. private sector activity falling by more than a half. the drop was far bigger than economist anticipated. coronavirus led european companies struggling to stay afloat. the british government is starting a mass study to track the spread of the coronavirus. they will survey 20,000 understandto help rates of infection and how many have abandoned -- how many have antibodies. six coronavirus vaccines are in the human virus -- human trial campaigns. three are in china. 80 vaccines are in some stage of development. global news 24 hours a day, on air and @quicktake on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. much,ne: thank you so viviana

now to viviana hurtado in new york city. viviana: u.s. treasuries want equity stakes in exchange for a share of $70 billion in aid. public companies are critical about security that want a rescue deal, they will have to offer shares to the government. for private companies, he may assess debt. it is similar to those for airlines seeking payroll assistance. in the u.k., health secretary matt hancock valley to dramatically ramp up testing and rollout a contact tracing program after weeks of criticism the government is falling behind your secretary hancock says testing will be available to all health-care care workers and their families. this as prime minister johnson is expected to be down the street as early as monday. and gilead, as francine mentioned, tumbling after a summary of its covid-19 drug appears to show it is a failure. the company and scientists working on it say it is not fairly represent the actual result. posted theally results online, but they were quickly removed. in italy, the number of coronavirus recoveries has overtake

here is viviana hurtado. viviana: donald trump signed an executive order to curb immigration. green cards are currently on hold. they allow foreigners to become permanent residents. the governor -- the president says that will limit competition for jobs. expected tose is approve today the $484 billion rescue plan. the senate passed it. the bill adds more money for small businesses, hospitals, and coronavirus testing. nancy pelosi says her next priority is a major aid package for state and local government, at conflict with mitch mcconnell who wants to slow the doling out federal money. europe is inching its way towards a $2.2 trillion coronavirus recovery plan that may never happen. european leaders participating in another conference call but there is a sticking point -- how to allocate the money. italy and spain want joint debt issuance to spread the physical pain but germany and the netherlands do not want to be stuck with that bill. oil extending its recovery from the record plunge this week. the market s

let's get to first word news in new york city with viviana hurtado. viviana: we begin with china, accusing the u.s. of trying to shift the blame for its own coronavirus outbreak. beijing responding today to the bloomberg report, china concealed the extent of the problem. bloomberg has learned the u.s. to community concluded beijing under reported both total cases and deaths. china calling that "moral slander. the pentagon is asked to provide as many as 100,000 body bags for potential civilian use. bloomberg has used the military as has learned that the military has about -- has learned that the military has about half of that on hand. and more leverage will allow a absorption of lack of liquidity for treasuries, plus there has been a surge in customer deposits during the coronavirus pandemic. we end in the u.k., where boris johnson's government is learning the cost of its coronavirus lockdown, about one million people have claimed welfare benefits there the last two weeks, almost 10 times more than normal fears. -- then normal. tosidies may be too slow

in new york city is viviana hurtado. viviana: an extension to the bekdown, it is expected to announced later this week. the pm was discharged from the hospital. the uk's chief advisor once the daily rate of deaths will continue to rise. in france, the country was underprepared for the coronavirus pandemic. this is according to president emmanuel macron. the admission coming as the president extends its locked in to may 11. mr. micron saying that by that date, france will be able to test all patients with symptoms, finance minister warning the crisis will see the french economy contracted by 8%. >> during this period, the only way is to act efficiently to halt the spread of the virus. may 11 will only be possible if we continue to do our civic duty , act responsibly and respect the rules. >> here in the united states, the vice chairman of the fed says the central bank can keep the u.s. out of its deflationary trap. richard clarida saying it will use tools until it is "confident" the economy has recovered. in the last three

viviana hurtado is here with first word news. tish prime minister boris johnson is now in intensive care and receiving oxygen. he was trying to shake off the effects of the coronavirus. yesterday, his condition worsened. foreign secretary dominic raab will run the government on a temporary basis and at a crucial time. this week, the u.k. pandemic is expected to peak. shinzon, prime minister abe declared a state of emergency in tokyo and surrounding regions. there's been a surge in the number of coronavirus cases. the emergency will last for a month. it gives local governments more power to contain. the spread of the disease the trump administration -- contain the spread of the disease. the trumpet ministration reaching a deal with 3m to provide masks for health-care workers. it will allow the company to keep exporting some masks from the u.s. to canada and latin america. earlier, president donald trump blocked those exports. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and

," i am viviana hurtado. is abruptly leaving at the end of the month. she was appointed to the top executive role along with christian klein but the coronavirus causing problems with the leadership struck chair -- structure. quarter in the first sales plunging. this year, the european market will shrink by one quarter. in march, psa closing its european factories and has not said when they will reopen. primear buyers with sub credit loans are being put on hold. they have seen a sharp drop-off in payments. to get through the coronavirus pandemic, borrowers are shifting their priorities. that is your bloomberg business flash. feel, real risk off correlated. substantial curve flattening with 40 basis points down to 37 basis points, a big move in curve flattening. the headline item is brent crude joins west texas intermediate in a sharply lower price, brent crude down 16% with about a 21 handle. synthesizes all of this for bnp paribas with a focus on equity markets and the derivative aspects of them. facts in the

here is viviana hurtado.egin with the coronavirus, a blueprint to increase testing released by the white house. the strategy leaves it up to the states to develop their own plans. officialslocal insisting widespread testing is the key to ending stay-at-home orders that have crippled the economy. say thets in china coronavirus cannot be eradicated and expect it to return in waves. but coronavirus can be spread undetected because it affects some people without causing obvious symptoms. in new york state, it is investigating amazon's safety practices during the coronavirus outbreak after they fired the leader of a warehouse walk out a group of employees demanded amazon close staten island facility for extensive cleaning. president trump says he knows how kim jong-un is doing and south korea knows where he is, but neither are giving details. president trump says he cannot talk about it now and adds, i just wish him well. global news 24 hours a day, on air and @quicktake on twitter, powered by more than 2700 journ

here is viviana hurtado. n stable condition and responding to treatment for coronavirus. that is the word from his spokesperson. he is still in intensive care. foreign secretary dominic raab is stepping in for mr. johnson. european finance ministers ron an emergency teleconference that lasted more than 16 hours. they cannot reconcile their of shouldg visions the eu issue joint debt to help economies recover. the white house is developing plans to get the u.s. economy back in action. bloomberg has learned this involves testing far more americans for the coronavirus then has been possible up until now. the efforts started in places that have not -- that have been hit -- that have not been hit heavily by the virus. cities such as new orleans and detroit and new york would remain shuttered. 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 viviana hurtado. this is bloomberg. alix: thanks so much, viviana. still on t

let's get the bloomberg first word news with viviana hurtado in new york. viana: we begin with prime minister boris johnson. he remains in intensive care. dominic raab is trying to reassure britain's fight against coronavirus is under control. the u.k. is heading to the peak of its outbreak. the government has been criticized over its handling of the crisis. saying he isb confident the prime minister will pull through because "he is a fighter." theark and austria became first european countries to loosen restrictions. sources telling us selective firms could reopen around mid april and that may include firms in agriculture and health, as well as equipment manufacturers. protections for workers remain critical. exodus, asg a mass the city relaxes its lockdown. today, about 55,000 people had train tickets out of the city. flights are resuming from the international airport but fear of a resurgence in infections means some restrictions are still in place. housing compounds will retain the power to put resident under lockdown again. now to the world's largest oi

i am viviana hurtado. this is bloomberg. tom: let's drive forward the news. we can do that off of our wonderful first word news, southwest made the 737 max orders and they can find a revenue trend given what they have seen in transportation. pepsico withdraws a forecast and we will see a few more of those. a quiet market, and equity lift but bonds are quiet. oil has been a challenge, brent crude at $29 -- $20, $19. francine: i need to look at some of the earnings. hsbc slipping after adjusted profit slumped. they also cautioned bad loan charges. santander air is fluctuating and novartis up after maintaining its profit forecast.

here's viviana hurtado. viviana: the u.s. supreme court will hear arguments by telephone conference next month. arguments at the high court have been delayed because of the coronavirus pandemic. the u.s. congress is under pressure to negotiate this week another stimulus package. in the past month, about 17 million americans lost their jobs. 349 billion dollars in earnings for small business relief may run out in days. republicans want to add more money to the small business loan program. democrats want funding for state and local governments, and also for struggling hospitals. the coronavirus outbreak stabilizes across the u.s., according to the cdc. the director telling fox news the disease is expected to show declines in the country. he also says the u.s. won't be open fully, but didn't give a tom line -- give a timeline. spain reporting the smallest number of new coronavirus infections since march 20. over the past 24 hours, they were almost 3400 cases detected. the death shrank to 517. u.k. prime minister boris johnson's

viviana hurtado is here with first word news. president trump will unveil plans to relax stay-at-home guidelines. he suggests the pandemic is plateauing in parts of the country. yesterday, he spoke with more than 200 business leaders. finance executives telling him more testing needs to be in place before people feel comfortable coming to work. he warned he may use an untested power to make both houses of congress adjourned. his goal, to make appointments to government jobs without senate approval. the president complaining senate democrats are holding up nominees for jobs that, according to "the washington post," are open because no one has been nominated to fill them. the u.k. is expected today to extend its nationwide lockdown. british foreign secretary dominic raab will make the call. he is standing in for prime minister boris johnson, who is recovering from the coronavirus. health officials say there are signs the u.k. may soon be past the worst of the pandemic. global news 24 hours a day, on air and on quicktake by bloomber

now to bloomberg first word news with viviana hurtado. viviana: a new strategy to expand coronavirus testing from the white house, that is our beginning on "first word." states receiving new guidance on how to build testing capacity, less retailers say they will reopen hundreds of new test sites. state of testing so states can reopen their economies. now to the fed, expending -- extending an emergency lending program to cover smaller cities and counties. people can apply. rules, cities such as atlanta, boston, and new orleans had been excluded. today, spain and france unveiling their plans to ease restrictions on public life. leaders rei -- leaders are anxious to restart their economies. still, there are concerns that it could backfire and lead to more infections. in spain, for the second day in a row, infections rose by less than 2000. we end with new york oil. it continues to fall today, plunging again, plunging below $11 a barrel. the biggest oil etf unexpectedly began selling all of its holdings of its most active contract. thanyear oi

right now, here is viviana hurtado. viviana: donald trump will unveil today plans to relax stay-at-home guidelines and suggests the coronavirus is flatlining in parts of the country, yesterday speaking with more than 200 business media -- leaders. more testing needs to be put into place before people feel comfortable coming to work. he may use an untested power to make both houses of congress adjourned. the president complaining the democrats are holding up nominees for jobs, but most of the jobs are open because no one has been nominated to fill them. the trump administration may pay oil producers to leave crude and the ground. a proposal from the energy department would make part of stockpilend emergency part of the oil reserve. the plan is aimed at easing a glut. it is expected to extend its nationwide lockdown. dominic raab will make the call, standing in for boris johnson who is recovering from the coronavirus. there are signs the u.k. may be past the worst of the pandemic. global news 24 hours a day, on air and @qu

i am viviana hurtado and you're looking at the principal room. nterview with alan greenspan. ♪ viviana: you're watching "bloomberg daybreak." i'm viviana hurtado with your bloomberg business flash. tesla has risen six straight sessions, capping a 43% gain triggered by the electric car makers first quarter delivery report earlier this month. wedbush saying production and demand for tesla up your poised for significant rebound. sat is seeking a loan that would keep the satellite company afloat. bloomberg has learned j.p. morgan chase it shopping the debt loan to institutional investors. we end with an upstart streaming service. ceo telling viewers -- telling bloomberg the option may be available in coming months. quibi shows have big-name talent like steven spielberg and j-lo. alix: it is time for bottom line. we will focus on banking and regulations. joining me is rodgin cohen, sullivan & cromwell senior chairman. mosts been a key player in major bank failures in recent decades. it is such a privilege to talk to you. we are obviously in unprecedent

another part of the market, but first let's get to the first word news in new york city with viviana hurtado. viviana: we begin with speculation about the health of north korea's leader kim jong-un. the u.s. official got word that mr. kim was in critical condition after cardiovascular surgery. the white house reportedly was told mr. kim took a turn for the worse. kim is 36. he recently missed holiday celebrations in pyongyang. now to president donald trump, issuing an executive order temporarily suspending immigration. late monday night, the president tweeting the move is needed to contain coronavirus. he also says it will protect american jobs. no word on how the suspension will last or who it will affect. and now to oil come as francine and tom were mentioning. it rebounded after a record-setting day. the price of new york crude sinking below $40 a barrel. those who take delivery of oil in the near future may not have a place to store it. global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in i'm than 120 countries, viviana h

doing with lockdowns in a second, but first let's get to first word news in new york city with viviana hurtado. viviana: as soon as may 15, that is the date could begin reopening. governor cuomo laying out a phased plan that starts with construction and many factories. he said he would probably begin upstate before moving to the new york city area. yesterday the state reported 367 deaths, the lowest in almost a month. to the u.k., where horace johnson is back at work. the last cup -- where boris johnson is back at work. the last couple of weeks he recovered from coronavirus. in his first public statement, he urged people not to give up on social distancing measures. he said ending the lockdown now would risk a second spike of infections and would do more damage. barrel,ging below $15 a stopping a four-day gain. saudi arabia already started cutting back on output. there is concerned it could lead to a rerun of last week's crash. we end with a surprise from deutsche bank. the german lender joining other investment banks beating first quarter profit expectations. at the same time it wants provisi

first with the bloomberg first word news, it is viviana hurtado.: we begin with credit suisse building greater reserves to whether the coronavirus. that is the most since the financial crisis. profitability at the swiss lender rising, but the investment banking unit took a hit. it was much higher than predicted. ank delivered a loss in the first quarter after costs of the money laundering scandal eight into results. costs more than doubled. the swedish lender saying it will delay any reduction in shareholder payouts until the consequences of the pandemic are clear. daimlerith the abandoning its forecast for significantly higher annual profit this year. the german carmaker saying the coronavirus pandemic makes it harder to assess, but they expect earnings to be last year's level. deliveries of mercedes-benz cars falling 15%. that is your bloomberg business flash. francine: thank you so much. coronavirus recovery for the aviation industry will be slow. domestic air travel has gone down 70% globally due to the pandemic. they talked about the grim outl

i am viviana hurtado. this is bloomberg.ne: thank you so coming up, we speak exclusively to robert kaplan at 12:30 p.m. new york, 5:30 p.m. london. we will ask about dollar dynamics and treasuries. this is bloomberg. ♪ "surveillance," from london and new york. abless claims out at 8:30, of theber, a shock retail numbers we saw yesterday. goldman sachs has done a nice job in phasing in and guesstimating the forecast. i want to go back to em. what is the best outcome for the international monetary fund and the fed combined? how is that tantamount in terms of fx stability and what we need from the imf and the federal reserve combined? has alreadyhe fed acted extremely rapidly in trying to put a lid on those acute dollar funding shortages that we saw in march, and some of the extension of the swap line and the facility to allow emerging markets that have reserve to liquefy into dollar funding, those measures have been helpful, and you are seeing tangible improvement in short-term market stressors. part has beene addressed by the

here's viviana hurtado with your first word news. resident trump signs an executive order to curb immigration. green cards or timber early on hold. they allow foreigners to become ash green cards are temporarily on hold. -- green cards are temporarily on hold. sticking in washington, the u.s. house is expected to approve today the $484 billion rescue plan the senate already passed. the bill adds more money to aid small businesses, plus funding for hospitals and coronavirus testing. house speaker nancy pelosi saying her next priority, a major aid package, but focused on state and local governments. that sets up a conflict with senate majority leader mitch mcconnell. he wants to slow the doling out of federal money. in europe, the continent inching its way towards a 2.2 trillion dollar coronavirus recovery plan. still, it may never happen. today, european leaders participating in another conference call. a sticking point, how to allocate the money. hard-hit countries like italy and spain want fiscal issuance, but germany and the netherl

i am viviana hurtado. this is bloomberg. tom: thank you so much. futures lower. yields are in with curve flattening. i want to focus on the stresses in the emerging-market. they are all different whether it is south african rand or turkish lira with recent record week as. -- weakness. em is indicating stress and oil under pressure as well. francine: i think we need to spend more time looking at oil. investors are taking this worsening coronavirus figure badly and trying to assess the impact the pandemic will have on corporate profits and dividends, with banks in europe saying they have postponed or scrapped dividends and buybacks stocks are down and a lot of the pressure is coming from banks where u.k. banks are down 6% to 7%. wonderfulve had conversations with professionals in the medical community but of course what we do every day, economics, finance, and investment. we are thrilled to bring you abby joseph cohen of goldman sachs. i must start with your charitable commitment that also includes the hospital of your new york city. cornell andpdate

i am viviana hurtado. this is bloomberg.ne: thank you so we will have plenty more on euro gold,s, dollar dynamics, and john bilton coming up. time, ap.m. london conversation with loretta mester. this is bloomberg. ♪ ♪ the coronavirus has hit our industry like a meteoroid impact. the government has clearly learned from the 2008 and 2009 crisis and has worked with us to set up a program that prohibits these cyclical behaviors from continuing and it is a very important measure the government has taken. francine: a number of voices talking about the pandemic and how it will play out in terms of the government trying to deal with it. let's continue our conversation on the markets. tom was bringing my attention to the fact that west texas intermediate, the u.s. oil is below $19 a barrel. let's get straight to john bilton of j.p. morgan asset management. how do you look at the price of oil? we have the historic agreement of opec-plus and demand is falling off a cliff so unless they do more production cuts, and it is unclear whether

i am viviana hurtado. much.hank you so let me look at equities and i will let guy johnson give you the update of the importance in the oil space. the equity markets, a flat out jumble but the vix down to 44. guy: european stocks approaching the flatline. we have come off our earlier highs. we are up fractionally as we head into a long weekend with a lot of risk. u.k. gilt seems to be ignoring the fact that the bank of england will be providing a larger overdraft for the british government. btp's benefit. a reasonably ok btp auction. 310 survey is percent higher. 3/10 of a percent higher. reduction in oil production crater the price of crude? coming up inorse about 17 minutes. right now, the most anticipated interview of the day on this ambiguous moment for inflation, david rosenberg parses inflation like no one i know. can you call higher inflation? you have been so good about avoiding that. david: i don't think there is any inflation coming in the foreseeable future. this is an absolute global and the det

here's viviana hurtado. viviana: the price of oil surging today. opec+ scheduling an urgent meeting next week to try to address the price collapse. being discussed, a 10% global output cut. the coalition will hold a meeting by videoconference monday. now to spain come over the death rate of the coronavirus decline for the first time in four days. the spanish reporting 9200 reporting 920 fatalities. the death toll now approaches 11,000. prime minister boris johnson still has a fever and remains in isolation, but last night appearing on his doorstep to join in a mass round of applause for health-care workers. global air traffic demand falling in february by the most since the 9/11 terror attack. traffic down 14%. march figures are certain to be worse. the international air the coronavirus rices is the biggest the aviation industry has ever seen -- coronavirus crisis is the biggest the aviation industry has ever seen. 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 c

with your first word news, here is viviana hurtado. blaming donald trump china's coronavirus response on politics, saying they would do anything to see him lose the election. he did not provide any election -- evidence. he is considering various ways to punish the government. the chinese government says it has no interest in interfering. jerome powell worries about the long-term economic damage from the coronavirus. chairman powell suggesting even if the economy starts to recover in the third quarter, the battle would be far from over and is urging congress to do more. the european central bank will vote today if a 1.1 trillion dollars stimulus is enough, including a genuine -- generous lending plan. christine lagarde is supposed to reiterate her pledge to do everything she can. the euro area economy plunged into a record contraction, shrinking at an annualized rate of 3.8%. that reflects shutdowns aimed at containing the coronavirus and more demands for fiscal support from governments. global news 24 hours a day, on air and @quicktake

here is viviana hurtado.eprint to increase coronavirus testing released by the white house, but the strategy leaves it up to the u.s. states to develop their own plan. local officials insist widespread testing is the key to ending the stay-at-home orders. they have crippled the economy. now to the federal reserve. it is expanding and emergency lending program to cover smaller cities and counties. now cities with as few as 250,000 people can apply. the program allows them to sell short-term debt to the fed's municipal liquidity facility. under previous rules, cities such as atlanta, come boston, and new orleans, had been included -- had been excluded. and spain are anxious to restart their economy. there are still concerns moving too quickly could backfire. france reported the most new coronavirus cases since april 18. in spain, they rose by less than 2000. global news 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

now viviana hurtado is here with first word news. largely giving up his optimistic tone and warning the u.s. to brace for one of the toughest stretches ever. his experts say the coronavirus could kill as many as 240,000 americans. now to spain, the nation reporting its deadliest date yet. there were another 854 fatalities from the coronavirus. the total deaths now rising past 9000. the number of confirmed cases in spain is now above 102,000. , who isith joe biden skeptical the democratic national convention will go on as planned this summer. the parties front runner telling msnbc it is hard to envision that. he is saying the party should look to scientists about whether the coronavirus will be contained. for july 13set through 16th in milwaukee. 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 viviana hurtado. this is bloomberg. alix: thank you, so much. demand for health care professionals and keeping them safe. down the ceo that of

here's viviana hurtado. viviana: president trump told reporters the coronavirus would civilly go away. now he is dropping that -- would simply go away. now he is dropping that optimistic tone. he is warning americans to brace for painful weeks ahead. the coronavirus could kill as many as 240,000 american. total deaths in spain have risen past 9000. confirmed cases is above one under 2000 -- above one. saudi arabia stepping up production, now pumping more than 12 million barrels a day. russia says it will not boost its own output. president trump says he has spoken to both the russians and saudis about ending their price for. the u.s. pentagon rejecting the plea to evacuate an aircraft carrier struck by the coronavirus. the commander of the uss theodore roosevelt calling for removing all but a skeleton crew. instead, the navy decided on, gradual rotation -- decided on a more gradual rotation. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in

let's get the first word news now with viviana hurtado. viviana: president trump insisted he has the absolute power to reopen the country's economy. now he is turning it over to governors and businesses. he issued guidelines for the states to consider, but it will be up to them to relax stay-at-home orders. the guidelines calling for a three stage process based on a downward trajectory in cases. china hasn't had an economic report like this indicates. the coronavirus pushing the country into contraction in the first quarter. gdp shrinking 6.8% from a year ago, the worst performance since at least 1992. the coronavirus has hammered business around the world, so china will have to rely on fragile domestic demand. spain reporting more than 5200 new cases of coronavirus, the most in a week. spain has the world's second most extensive outbreak. authorities saying the country is already past the peak. they are starting to focus on how to relax nationwide restrictions. a wave of gloomy forecasts have oil hovering around $18 a barrel. crude headed

let's get straight to the bloomberg first word news in new york city with viviana hurtado. a: confirmed coronavirus victims topped one million. this is four months after first surfacing in china. new infections in italy are starting to slow and intensive care admissions have declined in both spain and france. officials say it is too early to lift restrictions. in the u.s., unemployment could rise to 15% according to fed president loretta messenger. 10 million americans lost their jobs. more americans applied for unappointed benefits just last week. u.s. vice president mike pence says thousands are being tested every day as the federal government ramps up the response to the outbreak. he says the economy will rebound strongly from mounting unemployment due to the coronavirus pandemic. >> we will get to this. we are working closely with governors to make sure that those that are impacted have the family, tosee their seetheir businesses, and well-being through the coronavirus. >> four out of five people have tested positive show no signs, no obvious signs of covid-19. they did

here's viviana hurtado with your first word news. washington, president trump planning to issue an executive order temporarily suspending immigration. late monday night, the president tweeted the movies needed to contain the coronavirus. he also said it will protect american jobs. no word on how long suspension will last or who it will affect. the u.s. senate may vote today on the next emergency stimulus package. tos one could be worth up $500 billion. dd funds to the depleted small business loan program and provide supplies for hospitals and testing. in italy, prime minister giuseppe conte indicating that the reopening will take time to avert the risk that coronavirus spread again. it was the center of europe's virus outbreak. after the u.s., it has suffered the most deaths. 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'm viviana hurtado. this is bloomberg. alix: thanks so much. coming up, risk strategies. we are going to take a look

here is viviana hurtado. gates is criticizing donald trump for cutting off funding to the world health organization, calling the president's move dangerous. who pushedp says the china's misinformation about the coronavirus. now to a temporary lifeline for the u.s. airlines. the average preliminary deals with u.s. treasury department to get billions of dollars in aid. it gives them room to limp along while they wait for travel restrictions to ease. -- government is requiring the treasury can also take stock warrants in the companies. we end in spain where the government reported the biggest rise in coronavirus cases in six days. in the last 24 hours or more than 5000 new infections, but the death toll declining to 523. spain's health minister saying the country already past the peak of europe's most extensive outbreak. 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 beyond hurtado viviana hurtado. this is bl

viviana hurtado is here with first word news. viviana: british prime minister boris johnson is now in intensive care and receiving oxygen, not on a ventilator. he was trying to shake off the effects of the coronavirus. yesterday, his condition worsened. foreign secretary dominic raab will run the government on an interim basis, and at a time when the pandemic and the u.k. is expected to be. in japan, prime minister shinzo abe declared a state of emergency in tokyo and surrounding regions. as been a recent surge in the number of confirmed coronavirus cases. the emergency will last a month and gives local governments more power to contain the spread of the disease. the world's biggest oil producers are moving towards an agreement to call off their price war and cut output. ministers will spend the next few days talking about who is willing to cut duction -- to cut production. democratic senators asking deutsche bank for details of its contact with president trump's business. for leniency on some of their loans. the senators want to

i am viviana hurtado.council director. -- coming up. ♪ you are watching "bloomberg daybreak. " yourviviana hurtado with bloomberg business flash. introduced elon musk touch plus deliveries at a time when authorities began urging future car buyers to stay home. firm canceled an order for 75 jets. year, these 737 has been grounded because of two fatal crashes. we end with president donald -- he owed the german letter 240 million dollars. viviana hurtado. thank you. let's recap those of us. the u.s. economy losing 701,000 dollar -- 71,000 jobs, the worst since march 2 dozen down. mike mckee has been digging into the details. mike, it's a was a pleasure. newre talking about the normal. but this will not be normal in any sense of the word. mike: no, it's not. 80,000 hospitality jobs, hotel workers and we expect a lot more of those coming up. a lot of buyers early, but what's interesting to me, you see health care services and this time it's down 71,000 jobs. not clear what's going on there. worked out has to be

let's get straight to bloomberg first word news in new york with viviana hurtado. begin with president trump, warning of -- as the u.s. faces a tough two weeks. as many as 240,000 americans could die from coronavirus. fatalities in new york city confirmed cases. sticking with president donald trump, he is calling for $2 trillion in infrastructure spending. he wants investment in the nation's roads, bridges, and tunnels. he is seizing on low interest rates to chiefly finance the plan. he says none of the money should go toward the green initiative. the democrats are calling for. planning to.s. -- be with saudi arabia and russia amid the plunge in oil prices. early march, both countries are vowing to flood the market with millions of barrels of oil in a battle over market share. and we end in the u.k., where top officials now say the country has not done enough to test for coronavirus. the prime minister 17 blaming the global shortage. meanwhile, the u.k. health department says the first ventilators will be delivered to the nhs on the weekend. global news 24 hours a d

with our first word news, here is viviana hurtado. viviana: federal reserve policy makers are all but certain to keep the benchmark rate near zero when they meet and will look late -- likely focus on the next steps once the pandemic ends. that is at 2:00 p.m. new york time. they will expand spending to municipalities. current.k., a sign restrictions are likely to continue until at least the second half of may. country sees a track and test system to make sure people do not take off once the lockdown is lifting. the contact tracing app is about three weeks from being released. milestones for the u.s., the number of coronavirus infections topping 1 million and the number , 58,000, more than the number in the vietnam war. of 2020, three months fixed income revenue was up 13% which helped offset lower income in the corporate bank and asset management. deutsche's announced declines for the year and credit will rise. global news 24 hours a day, on air and @quicktake on twitter, powered by more than 2700 journalists and analysts in more than

city, viviana hurtado. viviana: new york state is looking at may 15 to begin reopening. andrew cuomo construction could resume upstate before moving back down to new york city. yesterday, the state reporting the lowest number of coronavirus deaths in a month. has learned president trump called his health and human services secretary, told him his job was safe. oust a say trump may czar because of criticism over coronavirus response. president trump treats mr. a czar is doing an excellent job. europe'sa key test of efforts to restart life. manufacturing centers will resume. the prime minister warning a second wave of coronavirus could cause irreversible damage. the mystery over kim jong-un keeps growing. there is a report by a chinese medical team. another says his train was spotted. kim has not appeared in state media in over two weeks. south korea maintains rumors he may be dead are untrue. 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 and viviana hurtado. this is bloom

viviana hurtado is here with first word news. viviana: china is accusing the u.s.for its own coronavirus outbreak. there is a report the china concealed the extent of the problem. bloomberg learned the intelligence community beijing underreported total cases and deaths. china calling that moral slander. spain is reporting its worst day yet in the coronavirus pandemic. fatalities in the last 24 hours, pushing the death toll past 10,000. spain has more than 110,000 confirmed cases. the second-most most severe outbreak in europe, after italy. mitch mcconnell would move slowly on considering a stimulus bill. mr. mcconnell telling the washington post he would ignore the latest efforts by nancy pelosi to get talks going. he said he is concerned about how congress will pay for another wave of federal spending. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am viviana hurtado. this is bloomberg. alix: thank you so much. i should point out that equities -- the s&p up only 10 point

with first word news is viviana hurtado. viviana: we begin with the trump administration saying there are signs the u.s. coronavirus outbreak is starting to stabilize. president trump and vice president pence pointing to a day by day reduction in deaths in new york state. the surgeon general's warning americans to brace themselves for tragedy. he said this week will be the hardest and saddest of most americans' lives. hit hardestntries by coronavirus all reporting the pace of deaths declined, and that suggests the lockdowns that are keeping millions people away from work and each other is hoping to flatten the disease's curve. now to the u.k. prime minister boris johnson was in the hospital for the coronavirus. illness was originally described as mild and there is no sign it is getting worse. his doctors suggested he be in hospital because the symptoms have not cleared up. negotiators are trying to stem the historic christ -- rice crash. -- the historic price crash. one obstacle is that russia and u.s.i arabia want the to joi

i'm viviana hurtado. this is bloomberg. alix: thanks so much.up on the program, wall street post pandemic. we are going to speak to shannon murphy of jeffries on what trading will be like once we emerge from the crisis in today's wall street beat. if you have a bloomberg terminal, head to tv . you can watch us online, rewatch anything you may have missed. this is bloomberg. ♪ alix: we turn now to wall street beat. today we look at investing during the coronavirus pandemic. joining us now, bloomberg's sonali basak, and shannon ies primeeffer brokerage managing director. thanks crusted in trading last quarter. is that sustainable? what is the word on the street? shannon: trading was up substantially. there were times when we saw more than 17 billion shares a day, and this is happening in a new, pretty distributed world. clients and trading desks are operating in a lot of different environments. they are doing pretty well given the circumstances. i think we have already seen both volumes and volatility decline a little bit off of the march high

have a full round up of oil new shortly, but let's get to new york city with first word news and viviana hurtadogin with encouraging signs the coronavirus pandemic in the u.k. is slowing. members of parliament are set to return. they will likely scrutinize the government's handling of the viral spread. yesterday, data showing the number of people hospitalized in london is falling. now to germany, where chancellor angela merkel is urging caution. to does not want the country move too quickly and relaxing its covid-19 restrictions. the country has not reached its target even though it has achieved a lot. governments around the world are trying to avoid a relapse in the pandemic as they work to reopen their economies. and virgin australia collapsing as the coronavirus deprives the debt laden company of almost all its income. administrators have taken control of the carrier. before the announcement, sir richard branson saying without state help, the airline in the u.k. and australia will not survive. much trying to raise as money as he can against his caribbean base. revenue pulling its profit forec

the markets in the virus update, but first let's get to first word news in new york city with viviana hurtadoana: we begin with a grim coronavirus milestone, global infections topping 2 million. in the u.k., ministers are expected to extend the nationwide lockdown. there are signs britain may be peak soon.epidemic president trump will unveil guidelines today about when to open the country. he cites signs that the coronavirus outbreak is plateauing. it is not clear if u.s. states will follow federal guidance. to south korea -- that is where a big election win for the coalition, theg democratic party and a satellite group taking 180 places in the 300-seat national assembly. that is the largest parliamentary election in 24 years. seen as a result of president moon's handling of the coronavirus outbreak. global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries, i'm viviana hurtado. this is bloomberg. francine? francine: thank you so much. ray dalio of edgewater associates says the hit to the u.s. and global eco

now viviana hurtado is here with first word news. n in spain, the nation reporting the lowest number of new cases in two weeks. this is a sign europe's largest outbreak of coronavirus is slowing. in the last 24 hours, there were fewer than 4800 new infections. the lowest number of fatalities since march 24. the trump administration says there are signs the u.s. coronavirus outbreak is starting to stabilize. donald trump and mike pence pointing to a day by day reduction in new york. still the u.s. surgeon general warning americans to brace themselves for tragedy. he said this week will be the hardest and saddest of most americans lives. we end in the u.k. where boris johnson was in the hospital for the coronavirus. his illness was originally described as mild and there is no sign it is getting worse, but his doctor urging he be admitted to the hospital for tests as his symptoms have not cleared out. 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 coun