Drug failed in trials. Good afternoon afternoon and good evening, good morning. This is viviana , this is bloomberg surveillance. First thing is first, this is what your markets are doing. A lot of the focuses on earnings. A lot of the focus yesterday was the fact that we saw this blunder through w. H. O. Leaking. We understand gilead and the impact we saw on the markets because the trial was not as successful as a lot of people were hoping it would be. Overall, your markets are also focusing on oil. Touch today, west texas actually extending the recovery, treasuries climbing with the dollar, and a lot of the focuses what is going on with italy, the Italian Government bond fell after the europeans felt signed off on this plan, immediate follow from the pandemic, and we also look at Corporate News and some of the earnings. Ifo german Business Confidence falling, but it was expected. Of the 79. 7 figure. Again, that is the lowest ever, and in about 30 minutes, we will speak to the head o
Within the dow. Take them out of the picture, things wouldnt be as bad as they are now. Were well off the earlier lows, down 400 points, down about 165 points but also fueling this, offsetting this if you will is talk of progress on that stimulus front. You remember where they were looking for republicans, another 250 billion for the Paycheck Protection Program . Well they ran into a buzzsaw of criticism from democrats that argued it was too tilted to business so they wanted to make assurances for health care workers, hospitals, that sort of thing. I stress that they have reached a broad parameters of a deal. It is not a deal until they both mutually agree. Were seeing progress on the front. That mitigated losses in the dow and offset the oil impact. Edward lawrence joins us now from washington with how this is all progressing. Hey, edward. Reporter neil, close, very close. That is how it is being described. As you said no deal, no ink to paper as it were for this deal. Republicans ini
Brought to you today by your television provider. Let me tell you a little bit about our author this evening. David randles a Senior Reporter and this tickled me im going to share pretty covers everything from cannabis, to knock knock jokes. His two previous books are dreamland, adventures and strange science of sleep. And the king and queen of malibu, the true story of the battle for paradise which is currently in development as a television series. Hes appeared on ennis nbc, fox, reuters, and rp, and elsewhere. His third book the black death of the gold eight entering dates. Please join me in welcoming david randall. [applause] guest thank you all for coming, especially given the weather outside. It is nice to be inside where it is dry as to oppose to outside works wet. One thing i realize, so my first book was about sleep science. And when i went and talked about that book i realize that many people were coming to the talks because there had their own sleep disorders and they wanted
Staying inside, staying inside people around the world are turning to music and anything else they can think of to fill the endless hours. I am anthony howard. More than one Million People around the world have confirmed Coronavirus Infections and over 55,000 people have perished. The United States is at the epicenter as we look at the latest developments around the world. In the u. S. They have registered the worlds highest deadly death toll. Thursday saw 169 confirmed deaths. 23 has refused entry to aid foreigners south korea has refused entry to aid. Germany has 80,000 confirmed cases and over 1000 deaths. The leader of the countrys Disease Control institute says the new data is indicating a slowdown in new infections. The chancellor Angela Merkel says this is cauause for cautios optimism. It is true that the latest figures from the institute, as high as they are, give some hope. Ththe increase in new confirmedd infections is running a little slower t tn it was a a few days agago. B
Our top story, jp morgan setting records. Tuesday, reporting the best year for any bank in u. S. History. Shares jumped in the fourth quarter, ruled by a rebound in trading. Joining us to discuss, bloombergs sonali bostic. It seems like humans at least stand another chance against the robots that had been threatening so much of the trading business. Sonali even though there are humans involved, remember that jp morgan among other banks are working very hard to make these businesses much more electronic. Almost every part of these banks are being transformed by technology, except the m a rainmakers we really need the relationships to make a difference. If you talk to anyone at jp morgan, the ceo definitely says that they are just at the early innings in terms of what technology can do for them. That is with the nearly annual 12 billion spend on technology. Taylor we are only in early innings of that transformation from technology. What do we do from that retail visible presence . Sonali