you so much.nk we will get back to carl weinberg shortly. coming up, a conversation with guggenheim cities cochairman. don't miss that at 8:30. this is "bloomberg." ♪ tom: they made a horrible mistake -- pres. trump: they made a horrible mistake. they did not want to admit it. i think it will be very conclusive. it could have been stopped on the spy. they chose not to do it or something happen. either there was incompetence -- they did not do it for some reason. >> doesn't it change your relationship with president xi? pres. trump: i had a very good relationship. this virus should not have spread all over the world. they should have let as and other people in other countries go and put it out. >> are you considering new tariffs on china as one of the punishment for their handling of the virus? pres. trump: it is the ultimate punishment, i will tell you that. president very assertive last night over at fox at the lincoln memorial, really quite something. and all of it devolving back to a global reaction to china. there is no one better to tal

' the doses at risk we expect to get the doses 1st i've just reminded some of fees chairman says weinberg that it's a profoundly french company he gave me all necessary assurance regarding the distribution of a future santa fe vaccine in france for us it would be unacceptable for there to be privileged access authentic crimes are based on financial reasons son of he's one of the biggest players in the race to find a covert 19 vaccine the company has a long relationship with the us bard a research organization which in december promised son a fee more than $200000000.00 for research so far it's given 30000000 for the vaccine program but the french government angry because it also sponsors the firm to the tune of tens of millions we asked french citizens what they think. i. think it's just business like everywhere there are a lot of incoherent things going on i think we're not told everything it's like with masks we were supposed to get a huge package of masks and then the americans ticket. her regionally it's a french company then it doesn't matter who pays the money it's still french or a

. >> reporter: on this mother's day weekend, the weinbergs tell me they're looking forward to exploring some newly reopened bike trails in the area. no shopping is planned. >> we're planning on doing a family picnic in one of the parks that's going to reopen. >> reporter: they were getting butterscotch pudding at cafe le hayne. the owner says the newly relaxed rules don't affect him. when restaurants are allowed to resume modified table service, he's hoping local officials allow them to use more outside space. >> i wanted to propose to the city that at 5:00 every day we close the plaza and the adjacent streets to traffic and cars and we could put -- we'd have the biggest wine country restaurant. >> reporter: similar proposals are being considered in other cities. sergio quintana, nbc bay area news. >> a popular spot there. >>> how about the rest of the bay area? the six local counties that remain in phase one, that's most of us. the mixed messages have left retailers and customers confused. san francisco and marin county might reopen may 18th. a san francisco book shop which can only se

company should therefore think of the french people 1st i just reminded sam if he's chairman says weinberg that it's a profoundly french company he gave me all necessary assurance regarding the distribution of a future santa fe vaccine in front of you commissions also weighed in on the hour saying that any vaccine should be impartial in universal yes french citizens who they think should get 1st chance at the cure. i. think it's just business like everywhere there are a lot of incoherent things going on i think we're not told everything it's like with masks we were supposed to get a huge package of masks and then the americans ticket items out of us you courage unless it's a french company then it doesn't matter who pays the money it's still french or at least it should be for everyone. before we need to return the money that they gave us and it's 1st 1st would deal with all problems and then we think about this it's not normal it's not good it's not possible. i think it's a bit stupid because at this time we all need to help each other we don't know which vaccine will work and which will

tom: a shout out to carl weinberg who aggressively stated a month ago, forecast your economics as possible. it is possible we need first word news in new york city. ritika: president trump is ramping up his push to reopen the country, saying americans should return to their everyday lives even if that leads to more sickness and death. he spoke in phoenix and may disband the white house tax form stearate -- tax force steering the government response to the outbreak. the e.u. is facing the deepest down term and its history -- downturn needs history. the euro region economy is set to shrink 7.7 percent this year because of the coronavirus. another son of how -- sign of how the coronavirus has brought factories to a halt, factory owners -- germany is a manufacturing powerhouse and has been especially affected by closures, supply chain disruptions, and a lack of demand. ruth bader ginsburg has been hospitalized with a benign gallbladder condition and will not be released until a day or two. she is 87 and is the oldest justice on court. arguments will take place today by telephone. global news 2

he traces his relationship with goldman sachs all the way back to a meeting with cindy weinberg in 1940ral reserve will sound all of the stops to bolster credit markets. america's zombie companies are multiplying and creating risk for the economy. for more, we bring in bloomberg reporter lisa lee. zombie companies, this has been talked about a lot. the name a bit of a pejorative. most of the companies we are talking about. avis,al, marriott, delta, etc., these are companies that have not gone away. they are basically using the central bank backstop to borrow money. we are not saying any of these companies are going to go away. but, companies have an incredible amount of debt. investment-grade issuance for march, april, at all-time highs. high-yield bond issuance was at multiyear highs. that has been a positive because that has provided corporations with liquidity to whether the covid drama. but, there are longer-term consequences that need to be thought of. one of them is that we have not gotten rid of all distressed companies. some are expecting a default wave. that means that, when th

trying to open responsibly with fox news business correspondent susan we and medical director pete weinberg good to have you back with us. i want to play what rush limbaugh had to say about how people feel the goalposts keep moving. >> we had to flatten the curve and follow the data of flawed models, more testing, more testing is not enough and more, that is not -- antibodies and all that doesn't mean anything, now we need a vaccine. there may never be a vaccine. shannon: i know you want to keep us safe but you can hear the frustration in his voice. >> i certainly could. i love rush, the best conservative journalists probably ever. i look, can't find out where he went to medical school, not sure he has a medical degree. the goalposts haven't moved. what we have done is learned a lot more about the disease. in february, we as a football metaphor, we were on the 5 yard line, we learned enough about the disease, we are in the other team's 40, we learned more, we will be on the 20, we kick a field goal and win the game and we have come a long, long way since the disease started, to spread the d

carl weinberg will join us. i want to talk about this new concept, yield, curved, control.not that new. please day with us. this is "bloomberg." ♪ tom: this morning, sell in may and regret it in september or september of next year, for that matter, the year 2525. mr. buffett unloads the airlines. gloom prevails. morgan stanley says go along. goldman is long but cautious. analyste, microsoft raisesmicrosoft's price target 14%. i'm confused. are you confused? in may -- central banks migrate toward yield curve control. due.ent is millions of americans simply ask for time. good morning, this is "bloomberg surveillance." i am tom in our homes, keene with francine lacqua. francine, it is absolutely extraordinary to look at the ezio s

former medical director, pete weinberg.to have you back with us. >> could be here. >> shannon: i want to play what he had to say about this today. they're feeling like the goalposts keep moving. here's what he said. >> we either flatten the curve, or follow the data. more testing, we got more testing, it's not enough. now we need antibodies. if that doesn't mean anything anymore, now we need a vaccine. there may never be a vaccine. >> i know you want to keep a safe, but you can hear the frustration in his voice. >> i certainly could. i love fresh, he's the best conservative journalists, probably ever. i worked today on his bio, i couldn't figure out where he went to medical school. i'm not sure he has a medical degree. goalposts of mood. what we've done, we've learned a lot more about the disease. in february, we used a football metaphor, we are on our own 5-yard line. what we learned enough that were on the other teams 40. we learn a little bit more, will be on the 20. we have come a long, long way. since this disease star

. >> reporter: for weinberger, he says he'll be back, reluctantly. >> for me, there is no other option the subway. >> reporter: going to look like a different subway, isn't it in. >> it is going to be unlike anything we have seen before. >> reporter: we have come across a few people who are going to outright change the way they commute once businesses start opening up, now considering taking a bike or a taxi or a ride share program. of course, we checked with those, and as you can imagine there are strict disinfecting policies with all of them and mandatory mask wearing by both drivers and passengers. >> it is a picture, hard to imagine any of the trains with only 30 people on them at the most. thank you. >>> "new day" continues right now. >> this virus has enormous capabilities of spreading like wildfire. we know that. >> the projected number of deaths forecast by early august in this country just nearly doubled. >> it isn't that the models change anything. they're just looking at what is already happening. >> the white house, they are pushing back on this internal administration proj

. >> caller: hi, jim here is ian weinberg >> caller: i took a play back in april $32. is it time to take some profits, buy more shares or hold on >> what's the stock, ian longer term i like trade desk, ian, very much i'm going to give you that you have horse sense trade desk sis the alternative t google it allows your customers to be where ever they should be, all over the web, the internet whatever and i think that's a really good call but it is a hard stock for ian to own i would have preferred for ian to say that he liked, say, netflix. that would have been easier. >>> all right. here we go the depression, well, last couple days seems like it might be off the table and that's one of the most important factors in this market. it's one of the reasons we rallied so hard until stat put out the moderna story which said what moderna said. we don't necessarily have anything other than encouraging data they're not going to put out a release saying, we solved covid. on "mad money" tonight, you heard it many times before small business is the backbone of the economy, so how a

. >> reporter: for weinberger, he says he'll be back, reluctantly. >> for me, there really is no otheraking the subway. >> it's going to look like a different subway, isn't it? >> it's going to be unlike anything we've seen before. >> certainly isn't. brynn gingras there reporting from new york. well, thanks for joining me. i'm robyn curnow. i'm going to hand you over to john and erica with "new day." enjoy. when dehydration gets real... ♪ hey! that's mine. i'll buy you a pony. advanced hydration isn't just for kids. pedialyte helps you hydrate during recovery. advanced hydration isn't just for kids. ♪ ♪ ♪ woke-up-like-this migraine medicine. the 3:40 mid-shift migraine medicine. introducing ubrelvy™. it's the migraine medicine for anytime, anywhere a migraine attacks without worrying if it's too late or where you happen to be. one dose of ubrelvy™ can quickly stop a migraine in its tracks within two hours. many had pain relief in one hour. do not take with strong cyp3a4 inhibitors. few people had side effects, most common were nausea and tiredness. ask your provider about ubrelvy™ or

i was talking earlier about the weinberger doctrine, you don't start wars unless you have public supports. and colin powell followed up to adding on to that theory. what sure saying really underlines the fact that scientists can say whatever scientists want to say. economists can say whatever they want to say. politicians can say what they want to say. but, donny, as somebody who's spent his entire life obsessing on what consumers think, you've just basically said everything we hear is noise unless it makes the consumer feel safe. unless the consumer thinks that he or she can take their family to a restaurant, sit outside, socially distance, wear masks, do -- if the consumers aren't happy, ain't nobody happy is basically what you're saying, right. >> right. >> put it on a bumper sticker. >> the definition of marketing is understanding where consumers -- is and plucking in your product. so if our product is getting the economy open again, working back to a consumer's mindset, until they feel safe, the only thing that's going to make them feel safe right now is testing, it's all noise to y