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Fear of death: a day delivering for Amazon

Fear of death: a day delivering for Amazon

35-year-old Excelso Sabulao is using his own car to make deliveries for Amazon and fears not only for his life but also for his parents, but he's still making deliveries during the health crisis because he can't afford not to. Conway G. Gittens has his story.
Reuters Business
Why The U.S. Can't Import These Life-Saving Masks

Why The U.S. Can't Import These Life-Saving Masks

A limited stockpile and a massive spike in demand led to a critical shortage of 3M N95 masks for American healthcare workers fighting COVI-19. Yet there are a number of alternative masks that America could import, but can't, due to strict federal ...
6mins
Bloomberg
U.S. jobless claims hit 6.6 million

U.S. jobless claims hit 6.6 million

A staggering 6.6 million Americans filed for unemployment benefits last week. As Fred Katayama reports, that data came out just as the Fed unveiled a $2.3 trillion effort to aid local governments and small businesses.
Reuters Business
Virus Update: Fauci Offers Hope; U.S. Set to Become Mortality Epicenter

Virus Update: Fauci Offers Hope; U.S. Set to Become Mortality Epicenter

Anthony Fauci, the top U.S. infectious-disease expert, said the U.S. death toll from the coronavirus pandemic may be smaller than expected, while lockdowns are being extended in Spain, Italy, and the U.K.
2mins
Bloomberg
Closed bars spell trouble for big drinks firms

Closed bars spell trouble for big drinks firms

Diageo is the latest big drinks firm to say closed bars and restaurants are costing it a lot of sales.
Reuters Business
OPEC+ Reach Deal to Cut Output Amid Market Slump

OPEC+ Reach Deal to Cut Output Amid Market Slump

Saudi Arabia and Russia reached an outline for a new output cut deal at the virtual OPEC+ meeting.
3mins
Bloomberg
Boris Johnson getting better as UK economy seeks lifeline

Boris Johnson getting better as UK economy seeks lifeline

British Prime Minister Boris Johnson's health is improving in intensive care, where he is being treated for COVID-19. On the government's plate in his absence - a review of lockdown measures, and a colossal overdraft.
Reuters Business
Fed's Powell: Not Appropriate to Halt Bank Dividends 'At This Time'

Fed's Powell: Not Appropriate to Halt Bank Dividends 'At This Time'

Federal Reserve Chairman Jerome Powell says U.S. banks are "highly capitalized" and there is no reason to halt dividends. Powell spoke Thursday in a virtual presentation.
1min
Bloomberg
Automakers make push to reopen plants

Automakers make push to reopen plants

Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China and U.S. ventilator production operations launched in recent weeks. Cia
Reuters Business
Powell Sees Every Reason to Think U.S. Can Recover 'Fairly Quickly'

Powell Sees Every Reason to Think U.S. Can Recover 'Fairly Quickly'

Federal Reserve Chairman Jerome Powell explains why he believes the U.S. economy can quickly recover from the effects of coronavirus pandemic. Powell spoke Thursday in a virtual presentation.
1min
Bloomberg
IMF Says It Has `Constructive Engagement' With Turkey

IMF Says It Has `Constructive Engagement' With Turkey

The International Monetary Fund has a "constructive engagement" with all its members, "including Turkey," Managing Director Kristalina Georgieva said in an interview on "Bloomberg The Open.
1min
Bloomberg
Powell Says Fed to Act 'Forcefully' to Support U.S. Recovery

Powell Says Fed to Act 'Forcefully' to Support U.S. Recovery

Federal Reserve Chairman Jerome Powell said the central bank is committed to acting "forcefully" to help the U.S. economy recover from the coronavirus pandemic. Powell spoke Thursday in a virtual presentation.
5mins
Bloomberg
IMF Needs More Money If Virus Sees New Wave: Georgieva

IMF Needs More Money If Virus Sees New Wave: Georgieva

The International Monetary Fund will need to boost its resources if the coronavirus pandemic develops into a second wave of infections, Managing Director Kristalina Georgieva says.
2mins
Bloomberg
Fed Becoming 'Increasingly Flexible' Supporting Economy, BofA's Cabana Says

Fed Becoming 'Increasingly Flexible' Supporting Economy, BofA's Cabana Says

The Federal Reserve's new plan to provide as much as $2.
4mins
Bloomberg
Fed Takes Sweeping New Steps to Provide Up to $2.3 Trillion in Loans

Fed Takes Sweeping New Steps to Provide Up to $2.3 Trillion in Loans

The Federal Reserve announced another series of sweeping steps to provide as much as $2.3 trillion in additional aid during the coronavirus pandemic, including starting programs to aid small and mid-sized businesses as well as state and local gove...
5mins
Bloomberg
IMF Sees Global Economy in Worst Recession Since Great Depression

IMF Sees Global Economy in Worst Recession Since Great Depression

The International Monetary Fund expects the global economy to experience "the worst economic fallout since the Great Depression" due to the coronavirus pandemic. IMF Managing Director Kristalina Georgieva explains in a speech outlining the fund's...
3mins
Bloomberg
Knighthead's Wagner on PG&E Restructuring, Credit Markets Amid Virus

Knighthead's Wagner on PG&E Restructuring, Credit Markets Amid Virus

Knighthead Capital Management co-founder Thomas Wagner discusses the state of PG&E Corp.
7mins
Bloomberg
PG&E Bankruptcy Exit 'on Track' Despite Virus, Knighthead's Wagner Says

PG&E Bankruptcy Exit 'on Track' Despite Virus, Knighthead's Wagner Says

Knighthead Capital Management co-founder Thomas Wagner says it is unlikely that the coronavirus pandemic will affect PG&E Corp.'s exit from bankruptcy.
3mins
Bloomberg
Not Much Upside in Oil Prices Even With an Output Cut, Analyst Sen Says

Not Much Upside in Oil Prices Even With an Output Cut, Analyst Sen Says

An OPEC+ deal to cut oil production won't do much to lift prices, Amrita Sen, chief oil analyst at Energy Aspects, says during an interview with Bloomberg's Alix Steel on "Bloomberg Daybreak: Americas."
3mins
Bloomberg
Delays in Protecting Health Workers Took Too Long: Johns Hopkins' Farley

Delays in Protecting Health Workers Took Too Long: Johns Hopkins' Farley

Johns Hopkins University Professor of Nursing Jason Farley discusses the shortfalls in supplies and protections for health care workers on the frontline of the coronavirus pandemic and patterns observed on how the virus has attacked some patients....
6mins
Bloomberg
OPEC Can't Control the Oil Market by Themselves, Citi's Morse Says

OPEC Can't Control the Oil Market by Themselves, Citi's Morse Says

Edward Morse, global head of commodities at Citi Research, examines the state of the oil market and the level of production cuts that will be needed by global producers.
7mins
Bloomberg
Citi's Morse Says Gold Continues to Be a Buy

Citi's Morse Says Gold Continues to Be a Buy

Edward Morse, global head of commodities at Citi Research, explains the factors that will push the price of gold higher.
2mins
Bloomberg
Deflation to Reign Over Inflation for Here and Now: Economist Rosenberg

Deflation to Reign Over Inflation for Here and Now: Economist Rosenberg

"I don't think there's any inflation coming for the foreseeable future," says David Rosenberg, chief economist and strategist at Rosenberg Research.
2mins
Bloomberg
Deutsche Bank Has Bias to Sell U.S. Dollar Over Coming Months

Deutsche Bank Has Bias to Sell U.S. Dollar Over Coming Months

The U.S. dollar will be weaker by the end of the year, says George Saravelos, global head of FX research at Deutsche Bank, but corporates are hoarding dollars near-term during the coronavirus crisis.
1min
Bloomberg
Global stocks gain on hopes pandemic is reaching peak

Global stocks gain on hopes pandemic is reaching peak

Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices. Ciara Lee report
Reuters Business
Disney+ subscribers pass 50 million mark

Disney+ subscribers pass 50 million mark

Disney's streaming service has racked up 50 milllion subscribers just five months after launch, giving Netflix a rival to think about.
Reuters Business
UBS CEO Ermotti on First-Quarter Profit, Coronavirus Impact

UBS CEO Ermotti on First-Quarter Profit, Coronavirus Impact

UBS Group AG delayed its dividend even as the Swiss lender reported a surprise jump in first-quarter profit that suggests banks so far are benefiting from volatility in the wake of the coronavirus pandemic.
11mins
Bloomberg
UBS CEO Says It's Too Early to Predict 2020 Dividend

UBS CEO Says It's Too Early to Predict 2020 Dividend

UBS Group AG Chief Executive Officer Sergio Ermotti discusses the decision to split the bank's 2019 dividend into two installments, following pressure from financial markets regulator Finma.
2mins
Bloomberg
Work From Home Has Nearly Doubled Our Load on Infrastructure: BT Consumer CEO

Work From Home Has Nearly Doubled Our Load on Infrastructure: BT Consumer CEO

Marc Allera, chief executive officer at BT Consumer, discusses the demand he's seeing for the company's services, the launch of 5G and paying dividends.
7mins
Bloomberg
Oil Prices Will Find It Tough to Find a Floor: Jefferies

Oil Prices Will Find It Tough to Find a Floor: Jefferies

"We have a $35-per-barrel forecast for the second quarter, but I'd say the risk is to the downside, says Jason Gammel, energy analyst at Jefferies, in an interview on "Bloomberg Surveillance."
3mins
Bloomberg
Around the Markets: Volatility and the "real" economy

Around the Markets: Volatility and the "real" economy

In our Around the Markets series, Boardroom Media CEO Will Canty speaks to Mike Fagan, Chairman at Levitas Capital unpacking movements in volatility as well as the impacts of COVID-19 on the "real" economy.
Boardroom Media
Around the Markets: A structural shift - The "new" economy

Around the Markets: A structural shift - The "new" economy

In our Around the Markets series, Boardroom Media CEO Will Canty speaks to Mike Fagan, Chairman at Levitas Capital discussing the structural shift that is taking place, propelling us into a "new" economy.
Boardroom Media
Around the Markets: Confidence in markets and in government

Around the Markets: Confidence in markets and in government

In our Around the Markets series, Boardroom Media CEO Will Canty speaks to Mike Fagan, Chairman at Levitas Capital discussing market confidence and the government response to COVID-19.
Boardroom Media
Around the Markets: The big vertical drop

Around the Markets: The big vertical drop

In our Around the Markets series, Boardroom Media CEO Will Canty speaks to Mike Fagan, Chairman at Levitas Capital discussing whats behind the recent market rally of the back of the historic vertical drop.
Boardroom Media
Around the Markets: Transportation, logistics and education

Around the Markets: Transportation, logistics and education

In our Around the Markets series, Boardroom Media CEO Will Canty speaks to Mike Fagan, Chairman at Levitas Capital about the various sectors impacted by COVID-19.
Boardroom Media
Around the Markets: The COVID-19 winners - Industries to watch

Around the Markets: The COVID-19 winners - Industries to watch

In our Around the Markets series, Boardroom Media CEO Will Canty speaks to Mike Fagan, Chairman at Levitas Capital about the industries and sectors that will rise from the COVID-19 ashes. They discuss the sectors for investors to watch.
Boardroom Media
UBS, Credit Suisse to Delay Half of Dividend Payment

UBS, Credit Suisse to Delay Half of Dividend Payment

Both Credit Suisse and UBS have proposed delaying half of their 2019 dividend payments to later in the year. This follows mounting pressure from the Swiss financial regulator on the nation's banks to reconsider their dividend distribution plans.
2mins
Bloomberg
Euro Likely to Rally Modestly, Says UBP's Kinsella

Euro Likely to Rally Modestly, Says UBP's Kinsella

Peter Kinsella, global head of FX strategy at Union Bancaire Privee, discusses the dollar, the euro, the Swiss franc and the Japanese yen.
2mins
Bloomberg
Trump Says He Used to Hate OPEC. Now He's Had a Change of Heart

Trump Says He Used to Hate OPEC. Now He's Had a Change of Heart

President Donald Trump spoke at a news conference on Wednesday about how he has had a change of heart about OPEC. "Obviously for many years I used to think OPEC was very unfair," Trump told reporters in Washington on the eve of an emergency meetin...
2mins
Bloomberg
Global Coronavirus Cases Top 1.5 Million

Global Coronavirus Cases Top 1.5 Million

Coronavirus has claimed another daily record number of victims in the U.K. as well as in the hard-hit states of New York and New Jersey. The number of new cases in Italy and Spain crept up after several days of declines. The global tally now stand...
4mins
Bloomberg
Qatar Stock Exchange CEO: Two IPOs in Pipeline This Year

Qatar Stock Exchange CEO: Two IPOs in Pipeline This Year

Rashid Al Mansoori, chief executive officer at Qatar Stock Exchange, discusses the impact of coronavirus on Qatari stocks, the government's stimulus package to support the markets and his outlook for IPOs.
5mins
Bloomberg
Further Dollar Strength Expected, Macquarie's Le Says

Further Dollar Strength Expected, Macquarie's Le Says

Trang Thuy Le, emerging Asia foreign-exchange strategist at Macquarie Group, discusses the outlook for the dollar and Asian currencies.
9mins
Bloomberg
Wuhan's Wet Markets Return to Life

Wuhan's Wet Markets Return to Life

Businesses in Wuhan are returning to life after a lockdown of more than two months. Among them, wet markets like the one linked to a cluster of infections when the new coronavirus was first reported.
4mins
Bloomberg
ECB Calls for Strong Virus Response

ECB Calls for Strong Virus Response

There is contentious debate in Europe over how much coronavirus support should be given to EU member states. ECB President Christine Lagarde repeated her call for a strong fiscal response to the coronavirus as EU leaders failed to agree on how to ...
4mins
Bloomberg
Hong Kong to Give Out Money in June: H.K. Executive Council's Chan

Hong Kong to Give Out Money in June: H.K. Executive Council's Chan

Bernard Chan, convenor of Hong Kong's Executive Council and an adviser to Chief Executive Carrie Lam, discusses the $18 billion virus relief package set out by the Hong Kong government to support the economy.
8mins
Bloomberg
Bank of Korea Leaves Key Interest Rate Unchanged

Bank of Korea Leaves Key Interest Rate Unchanged

The Bank of Korea kept interest rates at the record low of 0.75%.
1min
Bloomberg
BlackRock Likes Chinese Government Bonds, Seth Says

BlackRock Likes Chinese Government Bonds, Seth Says

Neeraj Seth, head of Asian credit at BlackRock Inc., discusses the opportunities he sees in Chinese and Indian markets.
4mins
Bloomberg
All the sectors in the green: ASX tracking almost 2% higher at noon

All the sectors in the green: ASX tracking almost 2% higher at noon

09 Apr 2020 - The ASX shot up at the open and is now tracking almost 2% higher at noon. Shares in oOh!media (ASX:OML) are on the up after HT&E has acquired at least 11 million shares in the company representing at least 1.8% of the Company’s issue...
Finance News Network