Developing a Vaccine for Coronavirus

Developing a Vaccine for Coronavirus

Navid Malik, executive director of Life Sciences Division, discusses working with Stabilitech on a vaccine for coronavirus and how long it could be before one is on the market.
Bloomberg
China's Lifting of Restrictions Has Worked, Flu Expert Says

China's Lifting of Restrictions Has Worked, Flu Expert Says

China's lifting of restrictions related to the coronavirus has been successful, according to research by Imperial College in London. "As movement increased and China restarted their economy, we didn't see an increase in transmission," says Dr. Kyl...
Bloomberg
Dollar's Surge Isn't Over, Goldman Strategists Say in Note

Dollar's Surge Isn't Over, Goldman Strategists Say in Note

The dollar is firmer today, advancing for the first time in four sessions. It had its worst week since 1985 last week and it followed a wave of credit rating cuts and a surge in coronavirus cases. According to strategists at Goldman Sachs, the dol...
Bloomberg
Jefferies CFO Dies From Coronavirus Complications

Jefferies CFO Dies From Coronavirus Complications

Jefferies says the CFO of its main subsidiary has died from complications linked to coronavirus, marking one of the first reported deaths among senior Wall Street figures. Like all aspects of society, the rule of the c-suite are being rewritten un...
Bloomberg
Tracking End-of-Month Re-Balancing

Tracking End-of-Month Re-Balancing

Quarter-end strains may add to the skittishness of an already volatile market. End of the month tweaks to money manager portfolios may add as much as $1 trillion to stock markets according to strategists.
Bloomberg
Singapore Dollar Further Weakness Expected, NAB's Tan Says

Singapore Dollar Further Weakness Expected, NAB's Tan Says

Christy Tan, head of markets strategy and research for Asia at National Australia Bank, discusses the outlook for the region's currencies including the Singapore dollar and the Chinese yuan.
Bloomberg
Trump: Well on Way to Recovery by June

Trump: Well on Way to Recovery by June

The top infectious disease expert in the U.S. is warning coronavirus deaths in the U.S. could possibly hit 200,000. Meanwhile, President Donald Trump told reporters that he hopes the economy is back on track by June 1.
Bloomberg
China Delivery Giant ZTO: Virus Definitely Impacting Business

China Delivery Giant ZTO: Virus Definitely Impacting Business

Huiping Yan, chief financial offer of Chinese delivery giant ZTO Express, discusses how the coronavirus outbreak is affecting demand for the company's services.
Bloomberg
Fidelity Looking at Opportunities Across China, India: Samant

Fidelity Looking at Opportunities Across China, India: Samant

Medha Samant, director of investment at Fidelity International, discusses how the coronavirus outbreak is affecting economies and markets, and where she sees opportunities.
Bloomberg
Brent Crude Falls to 17-Year Low

Brent Crude Falls to 17-Year Low

Crude dropped to its lowest in 17-years as virus lockdowns cascade through the world's largest economies. The market has been roiled by cratering demand and an unmanageable surplus while Russia and Saudi Arabia remain at odds about curbing output.
Bloomberg
China Says 30 of 31 New Virus Cases on Mar. 29 Were Imported

China Says 30 of 31 New Virus Cases on Mar. 29 Were Imported

The Chinese government says 30 of the 31 new confirmed coronavirus cases have been import. It comes after the country sealed its borders to foreigners on Saturday.
Bloomberg
Virus Outbreak Continues to Disrupt Global Supply Chains: Kearny's Hong

Virus Outbreak Continues to Disrupt Global Supply Chains: Kearny's Hong

Per Hong, senior partner at Kearney, discusses the coronavirus impact on supply chains.
Bloomberg
New Indonesia & India Restrictions

New Indonesia & India Restrictions

Two of the most populous nations in Asia, India and Indonesia, are increasing restrictions on personal movement as migrant workers in both nations try to return home and therefore raising the prospect of further spreading of the virus.
Bloomberg
Monetary Authority of Singapore Eases Policy, Reduces Currency Band Slope to Zero

Monetary Authority of Singapore Eases Policy, Reduces Currency Band Slope to Zero

Selina Ling, head of treasury research and strategy for global treasury at OCBC Bank, discusses the moves by the Singapore Monetary Authority to ease policy and reduce the slope of its currency band to zero.
Bloomberg
How Should the U.S. Combat the Coronavirus?

How Should the U.S. Combat the Coronavirus?

Michael Osterholm, director of the Center for Infectious Disease Research at the University of Minnesota, talks about the U.S. government's response to the coronavirus outbreak. In an opinion piece he co-write for the New York Times, Osterholm dis...
Bloomberg
Trump Says Extending Coronavirus Guidelines to April 30

Trump Says Extending Coronavirus Guidelines to April 30

President Donald Trump says his administration expects the peak of deaths in the U.S. coronavirus outbreak to be reached in about two weeks, and that he would extend guidelines for Americans to distance themselves from one another until April 30. ...
Bloomberg
Stock Market Looking Forward To U.S. Stimulus Package, Says WealthWise Financial's Gilbert

Stock Market Looking Forward To U.S. Stimulus Package, Says WealthWise Financial's Gilbert

WealthWise Financial President, Loreen Gilbert, discusses the U.S. stimulus package and jobless claims.
Bloomberg
Healthy Population Should Come Before Healthy Economy: Summers

Healthy Population Should Come Before Healthy Economy: Summers

Lawrence H. Summers, former U.S. Treasury Secretary, dismisses Lloyd Blankfein's tweet prioritizing the economy in the midst of a public health crisis and gives his take on the $2 trillion stimulus bill that recently passed through the House. He...
Bloomberg
Trade Impact Is Worse Than 2008 Crisis, Says WTO Director General

Trade Impact Is Worse Than 2008 Crisis, Says WTO Director General

Roberto Azevedo, director-general of the World Trade Organization, discusses his view on the impact the COVID-19 crisis will have on trade and the global economy.
Bloomberg
Steve Ballmer Talks Coronavirus, Data, Markets and More

Steve Ballmer Talks Coronavirus, Data, Markets and More

Former Microsoft Corp. Chief Executive Officer Steve Ballmer, owner of the Los Angeles Clippers, discusses his view on the effect the coronavirus will have on markets and Big Tech.
Bloomberg
Trump Orders GM to Build Ventilators

Trump Orders GM to Build Ventilators

President Donald Trump invoked the Defense Production Act to order General Motors to make ventilators. Trump appointed White House trade adviser Peter Navarro to coordinate actions under the DPA. They both spoke at The White House.
Bloomberg
Trump Signs Historic $2 Trillion Virus Relief Package Into Law

Trump Signs Historic $2 Trillion Virus Relief Package Into Law

President Donald Trump signed the largest stimulus package in U.S. history on Friday, a $2 trillion bill intended to rescue the coronavirus-battered economy.
Bloomberg
Ballmer Says Suspension of NBA Season Will Cost Clippers 'Eight Digits'

Ballmer Says Suspension of NBA Season Will Cost Clippers 'Eight Digits'

Former Microsoft Corp. Chief Executive Officer Steve Ballmer, owner of the Los Angeles Clippers, says the suspension of the NBA season will cost the Clippers more than $10 million. He speaks with Bloomberg's Emily Chang on "Bloomberg Markets: What...
Bloomberg
Ballmer Expects Markets to 'Stay Depressed for Some Time'

Ballmer Expects Markets to 'Stay Depressed for Some Time'

Former Microsoft Corp. Chief Executive Officer Steve Ballmer, owner of the Los Angeles Clippers, says it is safe to assume the volatility in markets will continue for some time. He speaks with Bloomberg's Emily Chang on "Bloomberg Markets: What'd ...
Bloomberg
Ballmer Says U.S. Virus Data Show 'Light at the End of the Tunnel'

Ballmer Says U.S. Virus Data Show 'Light at the End of the Tunnel'

Former Microsoft Corp. Chief Executive Officer Steve Ballmer, owner of the Los Angeles Clippers, discusses his initiative USAFacts, which aims to make government data more accessible, and says he sees signs of the virus curve flattening. He speaks...
Bloomberg
NY Governor Cuomo Says It's Time to Kick Coronavirus A*ss

NY Governor Cuomo Says It's Time to Kick Coronavirus A*ss

New York Governor Andrew Cuomo talks to New York National Guard troops at the Javits Center where a 1,000 bed hospital has been set up.
Bloomberg
Thomas Piketty on How a Crisis Can Redefine the Economy

Thomas Piketty on How a Crisis Can Redefine the Economy

Political economist and author of "Capital and Ideology," Thomas Piketty, discusses how the coronavirus will have a lasting impact on the economy.
Bloomberg
Stiglitz Says U.S. Did Not Learn Lessons From 2008 Financial Crisis

Stiglitz Says U.S. Did Not Learn Lessons From 2008 Financial Crisis

Joseph Stiglitz, Columbia University professor and Nobel Laureate in Economics, talks about how the U.S. economy can recover from the coronavirus pandemic.
Bloomberg
House Passes $2 Trillion Coronavirus Stimulus Bill

House Passes $2 Trillion Coronavirus Stimulus Bill

The House approved the largest stimulus package in U.S. history Friday as part of the response to the economic crisis caused by the coronavirus pandemic, sending the measure to President Donald Trump for his signature.
Bloomberg
Opportunity Zones: Will Tax Breaks for Investors Benefit Communities Too?

Opportunity Zones: Will Tax Breaks for Investors Benefit Communities Too?

The 2017 tax overhaul included tax incentives to invest in distressed communities called opportunity zones. Investors benefit from tax breaks and the designated zones benefit from economic investment. Critics say already-wealthy investors don't ne...
Bloomberg
WHO Tells G-20 Leaders 'We Must Fight, Unite, Ignite' on Coronavirus

WHO Tells G-20 Leaders 'We Must Fight, Unite, Ignite' on Coronavirus

World Health Organization Director-General Tedros Adhanom Ghebreyesus shared his message to leaders of the Group of 20 engaged in the global fight against the coronavirus pandemic. He spoke Friday at a press conference in Geneva.
Bloomberg
NYSE President Says 'Absolutely Not' to Closing Markets

NYSE President Says 'Absolutely Not' to Closing Markets

New York Stock Exchange President Stacey Cunningham discusses the possible impact to investors if calls to close financial markets over the coronavirus pandemic were heeded.
Bloomberg
Oil Demand Destruction is Unprecedented

Oil Demand Destruction is Unprecedented

The IEA executive director has said oil demand could drop as much as 20 million barrels a day making it harder for companies to find space to store and sell their oil. Ben Luckock, Trafigura, Oil Trading Co-Head joined Bloomberg Daybreak America's...
Bloomberg
Trumka Says Stimulus Plan Is 'Step in Right Direction' But Won't Be Enough

Trumka Says Stimulus Plan Is 'Step in Right Direction' But Won't Be Enough

AFL-CIO President Richard Trumka says the $2.2 trillion federal stimulus plan won't be enough to revitalize the economy or keep people safe.
Bloomberg
Global Virus Cases Top 549,000; Death Toll Nears 25,000

Global Virus Cases Top 549,000; Death Toll Nears 25,000

Global infections from the coronavirus disease passed the half a million mark as Spain suffers its deadliest day of the pandemic.
Bloomberg
Citi Is Helping Clients Guard Against Hostile Takeover Bids, Tyler Dickson Says

Citi Is Helping Clients Guard Against Hostile Takeover Bids, Tyler Dickson Says

Citigroup Inc. is rushing to help clients guard against possible unwelcome bids from activist investors, Tyler Dickson, Citi's global co-head of banking, capital markets and advisory, said on the March 26 episode of "Bloomberg Markets: The Close."
Bloomberg
Supply Chain Collapsing From Coronavirus

Supply Chain Collapsing From Coronavirus

MIT Professor Yossi Sheffi speaks with Bloomberg's Scarlet Fu and Romaine Bostick on the collapse of the food supply chain from the coronavirus
Bloomberg
Why the Fed Decided to Step Into the ETF Market

Why the Fed Decided to Step Into the ETF Market

The Federal Reserve is buying exchange-traded funds for the first time.
Bloomberg
How the Virus Will Change the Way We Work

How the Virus Will Change the Way We Work

As the coronavirus pandemic continues to have a massive impact on workers and the workplace, Matthew Taylor, chief executive of the Royal Society for the encouragement of Arts, Manufactures and Commerce, considers which of the changes might last i...
Bloomberg
Guggenheim's Millstein Expects Restructurings to Mount Amid Virus

Guggenheim's Millstein Expects Restructurings to Mount Amid Virus

Guggenheim Securities Co-Chairman Jim Millstein says federal leaders need to act quickly when enacting the stimulus programs.
Bloomberg
Atlanta Fed Aims to Block Return of 2008 Housing Collapse: Bostic

Atlanta Fed Aims to Block Return of 2008 Housing Collapse: Bostic

Federal Reserve Bank of Atlanta President Raphael Bostic says the central bank is moving to ensure that the 2008 residential housing collapse isn't repeated due to the coronavirus pandemic.
Bloomberg
'Different' Is Key Word for Post-Coronavirus Landscape: El-Erian

'Different' Is Key Word for Post-Coronavirus Landscape: El-Erian

Mohamed El-Erian, chief economic advisor at Allianz, and a Bloomberg Opinion columnist, warns that people are underestimating the economic and market differences that will be left in the wake of the coronavirus pandemic. He speaks with Bloomberg's...
Bloomberg
El-Erian: Fed Prevented Getting to Very Nasty Place in Fast Forward

El-Erian: Fed Prevented Getting to Very Nasty Place in Fast Forward

Mohamed El-Erian, chief economic advisor at Allianz, examines the work done by the Federal Reserve to avoid a combination of a depression and financial crisis due to the coronavirus pandemic. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg...
Bloomberg
Fed's Kaplan Says the U.S. Economy Will Come Out of Downturn Strong

Fed's Kaplan Says the U.S. Economy Will Come Out of Downturn Strong

Federal Reserve Bank of Dallas President Robert Kaplan discusses the federal stimulus plan and the outlook for the U.S.
Bloomberg
U.S. Economy Will Need Another $2 Trillion Stimulus, Signum's Myers Says

U.S. Economy Will Need Another $2 Trillion Stimulus, Signum's Myers Says

Congress will eventually have to go back for a fourth round of economic stimulus, Signum Global Advisors Chairman Charles Myers says. He spoke with Bloomberg's Vonnie Quinn, Sonali Basak and Guy Johnson on the March 26 episode of "Bloomberg Market...
Bloomberg
Fed's Kaplan Expects Virus to Cause 'Substantial Contraction' in 2Q

Fed's Kaplan Expects Virus to Cause 'Substantial Contraction' in 2Q

Federal Reserve Bank of Dallas President Robert Kaplan says he expects the coronavirus epidemic to cause a "substantial" economic contraction in the second quarter with the unemployment rate peaking in the low-to-mid teens.
Bloomberg
Boris Johnson: 'I've Developed Mild Symptoms of the Coronavirus'

Boris Johnson: 'I've Developed Mild Symptoms of the Coronavirus'

U.K. Prime Minister Boris Johnson says that he has tested positive for coronavirus. "I have developed mild symptoms," Johnson said in a video message posted on Twitter. "I'm working from home. I'm self-isolating," he continued.
Bloomberg
The Importance of a Ventilator to Covid-19 Patients

The Importance of a Ventilator to Covid-19 Patients

Hospitals are "preparing for war," says Emory University School of Medicine Carlos Del Rio. He explains how ventilators help patients suffering from the coronavirus and looks at the timeframe for finding a vaccine.
Bloomberg