Twoyear is now trading, but that doesnt seem to matter. The majority of debt in europe all undergoing this powerful rally, despite the fact that we are going to see horrific unemployment number in about an hour and a half. Lets get you out of the market moving news from our new york team. We want to start with the much awaited u. S. Jobs data out of april for the next hour. Economists now estimating 22 million jobs wiped out in the past month. Joining me now is carl riccadonna, bloomberg chief economist. It is hard to put these into perspective. Help me out. Morning. D these numbers point to immense disruption in the u. S. Economy, on a scale we really have not whichn recorded history, goes back to either world war ii or the great depression. ,o put some context around this this is far more than all of the job losses we saw during the Great Recession concentrated into a single month. If we take the job losses of the last nine recessions, lump them all together going back to the late 19
Indices as you can see up 2 and a half percent on the dow, 6 higher on the nasdaq and 3 higher on s p 500 for the week. The dow, nasdaq and s p 500 up better than 30 from the lows hit in late march. Well, a judge could officially toss the case against Michael Flynn out today according to his lawyer. Meanwhile attorney planning me that flynn go all the way to the top, meaning then president obama. The very latest fallout this morning. Elon musk going on after another twitter rant. Hes suing over restrictions that kept tesla from restarting production in california and remove the automaker from golden state. Disneyland opening to sellout crowd. Enters a whole new world and laying out a blueprint of what parks can be here. My sitdown with President Trump, the very latest on getting america back to work. Thursday morning right here beginning at 6 00 a. M. On mornings with maria, mornings with maria is live right now. Global markets this morning look like this. Ftse 100 down 21 points, cac
Campaign they cannot win and which would interfere with the important work we quiet of all of us in this difficult hour. U. S. Senator Bernie Sanders drops out of the democratic president ial race as a result of the pandemic. And u. N. Experts point the finger at syrias government for carrying out chemical weapon attacks on civilians. So then the head of the World Health Organization has defended the agencys handling of the coronavirus prime then it follows President Donald Trump accusing the w. H. O. Of being china centric and you threaten to cut funding of the organizations chief says now is not the time for such threats the focus of all Political Parties should be to save their people please dont politicize this virus. It exploits the differences you have at the National Level if you want to be exploited and if you want to have many more body bags then you do it if you dont want many more body bags then you refrain from politicizing it my short message is please quadrant in politici
Little bit. We are seeing btps with a little but of a bid today. Euro with an offer. It is interesting that stocks are higher and the dollar is higher as well. Crude is also tracking a little bit higher. We are trading on the global 27. 95. K at european markets probably in a bit of a Holding Pattern right now. We are going to carry on the conversation on what is happening with some of these big global banks that are reporting numbers. James gorman of Morgan Stanley was the latest entry into the story today. We will be hearing from mr. Gorman very shortly. This is bloomberg. Welcome to our Bloomberg Television and radio audiences, live from new york city. Im erik schatzker. Morgan stanley reported earnings this morning, and it was mostly a strong performance, given the extraordinary period weve lived through, the volatility in march. With us for an interview is none other than the firms chairman and ceo, james gorman. Thank you for joining us. James thank you for having us. Erik you ha
Nba star kevin love onis rsonal strugy, an his message about protecting your Mental Health during the crisis. But firsretodas eye opener your world in 90 seconds. Were going to start seeing some real light at the end of the tunnel, but this is going to be a very, very painful two weeks. The white house projecting 100,000 to 240,000 deaths in the u. S. , even with current social distancing guidelines. As sobering a number as that is, we should be prepared for it. In new york, fema is sending 250 more ambulances, 500 more paramedics, as well as 1,000 nurses. We must be prepared for next week when we expect a huge increase in the number of cases. It is the great equalizer. Chris cuomo tested positive for covid19. Were here for you. Stay safe. My love to christina and the talkingoignos rsre deman hazhat goats have taken over in wales. Where did everybody go . We have the town to ourselves. W, this is the way you work from home. Spanish professional motorcycle rider doing stunts under quara