About this happen i believe famously Lady Reading Hospital and births are all law. Abiding running out there were 90 basins in the isolation wards and died of god included mostly 19 kids however 7 of them died because there were. All the oxygen supply. There sure there were criminal negligence because nobody was manning the door to. Have a minimum of 10. 00. However there was none there were no backup. There were no. One turkey has eased its coronavirus restrictions off to a weekend of partial lockdown with businesses now opening again but the daily infection rate in the country remains one of the highest globally some costly one who has more frustrated stumble. After a partial lockdown over the weekend that ended 5 am local this morning life is back to its normal across turkey and in istanbul especially where we are in the tocsin district life is really back to its they were seen on this only sickness streets where we are all shops are open as you see and you have the locals and touri
Slog, which we are in right now. Slog, that is a pretty good way stalling economic recovery. Pandemic fatigue setting in. It is hard to swallow. The worlds better with covid, such a long way to go. Today we saw the pressure put on as investors left without a new stimulus deal and see a spike in cases of covid. Joe, were going to be digging into this slog. Joe it sort of feels like today is the day that its really daunting on people. This is really real. There really is a surge here. If you want to call it a different way. Kind of besides the point whether it is in europe where we are seeing hospitalizations, deaths, and of course cases on the rise. Hospitals in the u. S. Starting to see strains again i capacity. Of course, this is a major theme of the spring surge. Utah hospital starting to prepare to ration care. Reports out of texas, wisconsin, elsewhere. It seems like today was a day a lot of this set in. A lot of opening trade having a bad day. Romaine it is interesting to bring up
Rates. Not want negative the bank of englands own debate with subzero policy continues. Andrew bailey testifies today as the u. K. Chancellor sees a recession unprecedented in scale. 6 00 a. M. In london, 9 00 a. M. In dubai. The global debate on negative rates. Rbnz thatt was the shifted the dial in terms of monetary policy. Only thing i learned is steven major comes and gives me one phrase which is, what the aussies and the kiwis do, bets the global agenda or pushes back on negative rates. I think it will be interesting to see where the fed would be with the ecb. Their rhetoric is shifting further away from the and irp domain nirp domain. Lets see what happens with the bank of england. Nejra you love that phrase and i do remember it well. Absolutely saying that negative rates have got to jump the hurdles. When we heard from powell yesterday as well, where the focus was much more from the take away with him not being so gung ho about talking about fiscal the way he was in the past but
Ready and waiting. Jerome powell says the fed is willing to use all weapons to combat the coronavirus downturn. Philip lane says the ecb is prepared to boost bond buying. Andrew bailey testifies in front of lawmakers today. A lot of centralbank action. Global coronavirus cases near 5 million, as one report throws cold water on modernas vaccine testing. That is what drove stocks lower yesterday and now we see futures down here, up in the u. S. And asia, say mixed picture. J. P. Morgan joins a Goldman Sachs in saying that further quantitative easing is needed to cap bond yields. The u. S. Is so strong a billion dollars of 20 year treasuries today and it looks like a lot more supply is getting mopped up by the central bank. An hour away from the start of cash equity trading in europe. Take a look at the picture here. Arrowslooking at all red in terms of futures, euro stoxx, ftse futures and dax futures are down. If you take a look at the u. S. Futures picture after the downturn yesterday,
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