Isolated over his quarantine measures brazils president fires his Health Minister. A future thats up in the air a bailout plan to keep a straight on the Airlines Flying but is it enough money. And he keeps soldiering on the war veteran whos now raised more than 22000000. 00 to help fight the coronavirus. Alarming new numbers are showing the strain on the worlds 2 biggest economies from the coronavirus pandemic theres increasing doubt about the u. S. President s 2 week deadline for getting businesses back up and running in fact he states 22000000 americans have now made jobless claims just over the last month numbers not seen since the Great Depression of the 1930 s. Meanwhile chinas Gross Domestic Product has plummeted in the 1st quarter thats the shoppers fall since it opened up to the wilds 40 years ago and theres also been a big rise in the death toll in the original epicenter of the outbreak 50 percent more people died there than was reported now the total number of dead in the cit
The outbreak under control. A future thats up in the air a bailout plan to keep a strain Airlines Flying but is that enough money. Grow and control to me. And top tips from a former astronaut on how to come to grips with life in isolation. Alarming new numbers are showing the strain of the coronavirus pandemic on the worlds 2 biggest economies there is increasing doubt about the u. S. President s 2 week deadline for getting businesses back up and running and that he states 22000000 americans have made jobless claims just in the past month numbers not seen since the Great Depression of the 1930 s. And chinas Gross Domestic Product has plummeted by almost 7 percent in the 1st quarter thats the sharpest for. All since it opened up to the world 40 years ago and theres been a big rise in the death toll in the original epicenter of the outbreak 50 percent more people died than was previously reported the citys total is now said to be 3869 while katrina you has more from beijing and she told
Antibody tests. Good morning, good evening at everyone. I hope you are safe at home. Our thoughts are with you, and together we are stronger. Yesterday, or two days ago, we had that huge swing, that huge impact that we saw with negative prices on wti. It is now filtering through the brent. We are nowhere near negatives, but if you look at the price action, it has been pretty brutal over the last 24 hours. Selling pressures definitely intensifying. Wti downok at brent, more than 4 . Lets get to bloomberg first word news in new york city with viviana hurtado. Viviana hi, francine. Here in the u. S. , finding a new pandemic relief package totaling 40 484 billion, including some for the paycheck protection program, to help Small Businesses keep workers on the payroll. The money will also go towa rd coronavirus testing. Donald trump says he will suspend illegal immigration to the u. S. For at least two months to help americans out of work because of coronavirus crisis. The president says it
Erasing that bounce on the ism manufacturing 0. 25 for the s p 500. Twitter is better on the les stake. Colgatepalmolive doing pretty well. Surprised, but we got down as far as 1. 02 . We see that the twostens curve is at 28 basis points, wider than recently, because the front end of the curve is moving even more than the 10 year. We are seeing a little bounce for oil as well, but it is telling that even with the 2. 5 bounce, we are just below 46 a barrel. Guy here in europe, the german twoyear currently trading at 83. Another six basis points to the good. The bid at the front end, as you mentioned, absolutely being maintained at the moment. The bond market continuing to send scary signals about the appetite for risk. The dollar continues to suffer as well at the hands of the euro , now trading 1. 1132. The story last week was that this is the short story being removed, that this is the carry trade being removed. The market with the volatility we are seeing at the moment does not want
Stand with the deadly outbreak. But first our panel, gary kaltbaum, robert wolf, liz peek and steve moore. Lets get straight on it with blake berman at white house for more on administrations responses effort, what have we learned . Reporter just left the cabinet room, there was an hourlong meeting between President Trump and top leaders of pharmaceutical industry, the whose who of companies. Diswrons anJohnson Johnson, p, glaxosmithkline. The message was a couple fold, he wanted to listen to see where they stood in the process of delivering a vaccine or maybe a cure down the line, but president also want toed to make sure they could do so, preliminarily in up potentially in upcoming months. Were working hard to expedite the process of developing a vaccine, and moving with maximum speed too develop therapy so that we can help people recover as quickly as poke. We have a lot of recovery going on. We want to see if we can advance that. Likely tooer that therapy will be available before v