The World Economy faces a potential lengthy coronavirus recovery london based i. H. S. Market said it expects the Global Economy to shrink 5. 5 percent this year now thats triple the damage from the 2008 financial crisis and a new report by the World Economic forum surveying risk managers is now suggesting this will be a long lasting global recession a contraction for the next 18 months managing director of the World Economic forum so obviously he said the crisis has devastated lives and livelihoods it has triggered an economic crisis with far reaching implications and revealed the inadequacies of the past meanwhile on tuesday taiwan said it was disappointed and angry with the w. H. O. For not inviting the country to join this years world health assembly. The ministry of Foreign Affairs expression is strong dissatisfaction with the World Health Organization secretary has yielded to pressure from the Chinese Government and continues to disregard the right of the 23000000 people of taiwa
Corrupted you need to descend. To join us in the depths. Or im a bit loose shilohs. 5th of june but the one business show you cant afford to methamphetamine to stay open in washington coming up the Senate Banking committee question a 2 top ranking officials on a 2 trillion dollar relief package causing some stocks to slip but Video Conferencing serve at those have become extremely popular but how things are they and which one is best to use will discuss on a panel later show for you today. The less so and i write this. The World Economy faces a potential lengthy coronavirus recovery london based i. H. S. Market said it expects the Global Economy to shrink 5. 5 percent this year now thats triple the damage from the 2008 financial crisis and a new report by the World Economic forum surveying risk managers is now suggesting this will be a long lasting global recession a contraction for the next 18 months managing director of the World Economic forum saudia he said the crisis has devastate
There are conversations floating about about whether brent and go negative. We are trading up 11 today. Up 1. 5 . The peripheral bond market, i massive story at the moment, as you can see. We saw a huge auction in spain earlier on, following on the heels of an auction yesterday in italy. We are continuing to watch what is happening as we build up towards an eu meeting tomorrow that could barely be make or break. The ecb talking about whether it could potentially accept grade that in collateral. Italy is facing a rating review come friday. This is a live debate in europe. Eurodollar trading at 1. 0852. Coming up, we are spending a lot of time talking about what is happening with the oil story. We going to fold that in to what is happening with other assets and how they are being affected. Also coming up shortly, we will hear from the nasdaq president , id enough freedom and nasdaq president , adena friedman. This is bloomberg. This is bloomberg markets. Good morning. Im Erik Schatzker i
Get this economy back and growing. Unemployment claims are hitting record highs. Paying monthly bills is impossible for many. We spoke to Industry Experts about what you need to know if you cannot make your mortgage payment. Reporter more than 1 million californians have already filed for unemployment. That loss of income has many wondering how to pay bills due next week. We are watching that trickle to homeowners. What about those owners dependent upon rent to cover their mortgage in order to cover their property tax payments, utility bills and what have you. Reporter he represents landlords in San Francisco. They might have to default on their mortgages. Some of the penalties that arise when you are late, i would like to see that proactively waved across the board so there is a shared understanding. There is a lot of helping offer to homeowners. The stimulus package adds to it and protect your credit. You can do for a payment and request contract modifications. There is a grace perio
Around the bay this morning. Temperatures are once again in the 40s and in the 50s. Another cool start for sure with the live look at arch treasurer island camera. We will show you in concord, looking at 49 for santa rosa, oakland and San Francisco, 52, mid 40s, as we head to the day, we are looking at many locations in the 60s, so 60 in San Francisco, mid 60s for oakland. And for concord. I will let you know when we will see a little bit more sunshine and when our next whether system will bring a return of the rain. Lets check in with gianna for a look at traffic. Unfortunately the transit is making a number of changes, their latest Public Agency to modify their schedule because of lower ridership. Make sure you check the schedule before you head out the door. There will be some changes for most of their bus routes for the next few weeks. Or until further notice. Those begin today. The rest of mass transit is on time and again, caltrain, weekday trains are now down to 42. They are rec