vodafone is one we are watching for as well.f $200 million to the company from its parent company vodafone group. york,go from there to new where we have the first word news. karina: the world's two biggest economies going at it again. the u.s. and china continue to trade barbs about the coronavirus, each saying the other should have done better. washington initially said beijing covered up the extent of the infection, prompting china to say it was a u.s. attempt to shift attention from its own early reaction. china and the world health organization have let the rest of the world down, says washington. >> ccp has not shared the sample from inside of china with the outside world, making it impossible to track the disease's evolution. i am making a legal determination today on china's adherence to the world health organization's regulatory arm which clearly failed during the pandemic. karina: new york state reported under 500 virus deaths, its lowest daily total since the start of the month. that pushes the number of fatalities pa

vodafone owes about $7 billion of that.8% increase in fiscal quarter revenues, showing advertising demand was strong for the pandemic hit. business was steady in the first few weeks of april, sending shocks to stocks. facebook sales came in at $17.5 billion for march. the results covered a few weeks in march when lockdowns began to hammer the global economy. microsoft quarterly sales and profit rose by demand for cloud services to accommodate the shift to remote working. to $35 billion. profit came in at $1.40 a share. shares rose in late trading. softbank has widened its net loss forecast for the fiscal year through march by 20% to ¥900 billion. that is about $8.5 billion. masayoshi son has been struggling with startups from wework to uber. shares of softbank rose in tokyo trade. yvonne: taking a look at markets before we go, it will be a labor day holiday tomorrow, so a shortened trading week for many markets. hong kong already closed with south korea. plenty of green on the screen. 225 coming back from the lunch break. a

. >>> still ahead, we speak to group advisor at vodafone. that's coming up after the break. . >>> a warm welcome back to "street signs. i'm julianna tatelbaum these are your headlines oil majors slump after oil is negative for the first time ever president trump said he could brock saudi imports and build upsta u state reserves >> a lot of people got caught. it is more of a financial thing than an oil situation. >>> airline stocks go into descent. the u.s. treasury releases almost $3 billion in support of the industrial >>> ibm abandons guidance as coronavirus clouds the outlook ahead of the first big tech earnings released today. >>> huawei reports a slight slow down in first-quarter growth saying its business is resilient after reporting 90 new commercial 5g contracts. >>> let's take a look at the wall street futures market what we are poised to see at the u.s. open. we have red across the board the dow looking to open about 260 points lower the s&p 500 and nasdaq also poised to a lower open a major industry broke a two-day win streak ener

vodafone and ee said their masts had been set on fire, and key worker engineers harassed.uates have been able to celebrate their hard—earned work and maintain social distancing with the help of robots. students at tokyo business breakthrough university were awarded their diplomas while operating telepresence robots via video conferencing app zoom. self—isolating classmates were also present at the ceremony and also watching through zoom. quibi launched its mobile—based streaming service in north america and the uk. content on the app is limited to ten minutes or less, and viewers can flip between landscape and portrait modes. and finally, if you have been missing the orchestra while stuck at home, now is your chance to visit online. 215 musicians from the stay at home choir got together and gave their debut performance of vivaldi's gloria. singing the choir is open for submissions for their next rendition. for many, religion offers some spiritual calm, but of course at the moment, communities can't get together in the way that they normally would. yes, so religious leaders

vodafone group is accelerating pace to shorten liquidity during the coronavirus crisis.arters agreed to pay the funds due in september but bringing the payment forward because of the pandemic. the government is demanding around $7 billion from vodafone in overdue fees. -- arrested hong kong pleading for help to save his newspaper. advertising revenue has slumped to almost nothing is political retaliation and the coronavirus rise. among 15 prominent activist who were arrested over the weekend. shery: let's turn to telecom companies in china. china unified net profit fell in the first quarter. like china mobile come the wireless carrier solid subscriber numbers fall by more than 7 million. however, china unicom sees growth opportunities in 5g. nicole, great to have you with us. despite the pressure reselling china unicom, seeing overall operators pretty resilient, especially during this covid-19 pandemic. [indiscernible] as well as 5g being front and , it's for the project going to bring in a lot of investment and government , especially after covid-19. mobilewe continue t

we expect that vodafone continue to be a competitive player in the marketplace as we go forward.joining us. he has from the cellular operators association of india. some lines coming through when it comes to zoom. it seems like shareholders have filed a class-action suit in san francisco over securities fraud over privacy and security flaws. they are saying the ceo and cfo are accused of concealing encryption shortcomings. we had seen a speculation of this and the cybersecurity concerns that some countries and companies have raised. taiwan was the first government to impose a ban on the popular videoconferencing app over these security concerns. just an update on the class action suit in san francisco. this is very. ♪ -- this is bloomberg. ♪ yvonne: just some lines crossing the terminal. citigroup is said to replace credit suisse and we doctors hong kong ipo. this is after we learned credit suisse was dropping out as a sponsor of the plan listing. citigroup is set to replace credit suisse. a quick check of the latest business flash headlines. streaming company has formed more tha

>> my goodness verizon is one certainly vodafone in the middle east.ra in australia another one going on, at&t was launched, mobile many in the hopper can't name names there are 20 in stages advancing through the test and trial period >> how dozen sdoes inseego help? you can fill in for poor neighborhoods that don't have the technology everyone should have in our country. >> well, yeah. i mean, it's an untethered society, and so wireless is key. to have a product that's plug and play, literally hold it in the palm of your hand, your counter, your table top, your desktop. you have instant broadband internet access. it's highly secure in the rural areas, i think there's something like 20-plus million homes that have no broadband at all but they have cellular wireless coverage it's kind of an instanlt broadband connection >> all right so, how do i i get comfortable with the balance sheet you have an investor you've done a lot of good here when you have a stock that goes from 3 to 11, a lot of people are going to be very excited they're not going to watch

we did have a huge number of phone calls early on, even vodafone could not cope with the number of phone working, i'm confident that people will start to get their money next weekend also, anybody who is asking for advances has been able to get it in the last few weeks. in terms of government estimates, if you look at the furlough employment scheme, it is thought there will be three times more people applying for that than initial cost estimates. how is that figure so poorly estimated in the first place, what was the reasoning behind that? the chancellor has not put figures on the amount of people eligible for this scheme. the point is that we wa nted this scheme. the point is that we wanted to make sure that employers could keep a link with employees, andindeed could keep a link with employees, and indeed people who they had already made redundant early on, they could take back onto the books. we did that by hmrc designing a scheme which meant anybody who was on the payroll at the end of february could be paid and the government would pay for that cost. i think it is more a case of, try