Pence Says U.S. Economy Will Recover From Virus Crisis and Testing Is Increasing

Pence Says U.S. Economy Will Recover From Virus Crisis and Testing Is Increasing

Vice President Mike Pence says the American economy will recover from the coronavirus lockdown and more than 100,000 Americans are now being tested daily for the virus. He speaks to Bloomberg's David Westin on "Balance of Power."
Bloomberg
Oil 'New Norm' in $20 to $35 Range After Virus, RockCreek CEO Says

Oil 'New Norm' in $20 to $35 Range After Virus, RockCreek CEO Says

RockCreek Group Chief Executive Officer and founder Afsaneh Beschloss says oil could stay "closer to the $20 range" due to global economic weakness.
Bloomberg
Italy's Virus Stabilization Offers Coronavirus Hope for Europe

Italy's Virus Stabilization Offers Coronavirus Hope for Europe

An easing of Italy's death rate is providing a bit of hope that Europe may be seeing a peak in the coronavirus pandemic.
Bloomberg
Pence Says U.S. Is Testing 100,000 People a Day for Virus

Pence Says U.S. Is Testing 100,000 People a Day for Virus

Vice President Mike Pence said more than 100,000 Americans are now being tested daily for coronavirus, as the government tries to ramp up its response to tracking the outbreak. He speaks to Bloomberg's David Westin on "Balance of Power."
Bloomberg
Pence Says Spike in Jobless Claims From Virus Is Temporary

Pence Says Spike in Jobless Claims From Virus Is Temporary

Vice President Mike Pence says the U.S. economy will strongly rebound from mounting unemployment amid the coronavirus pandemic, after the number of jobless claims grew to 10 million over the past two weeks. He speaks to Bloomberg's David Westin on...
Bloomberg
Trump Expects Saudis, Russia Will Cut Oil Production

Trump Expects Saudis, Russia Will Cut Oil Production

President Donald Trump said he expects Saudi Arabia and Russia to cut oil production by around 10 million barrels a day following a phone call with Crown Prince Mohammed Bin Salman on Thursday.
Bloomberg
Bond Markets: Buy What the Fed Is Buying, Pimco Says

Bond Markets: Buy What the Fed Is Buying, Pimco Says

Mark Kiesel, chief investment officer of global credit at Pacific Investment Management Co., discusses the outlook for Treasuries and corporate bond markets amid massive demand for new issuance.
Bloomberg
Stocks Will Continue to Test Lows, BTIG's Emanuel Says

Stocks Will Continue to Test Lows, BTIG's Emanuel Says

Julian Emanuel, chief equity and derivatives strategist at BTIG, says you can tell a market is starting to bottom when it ceases reacting negatively to bad news. He spoke on "Bloomberg The Open" as U.S.
Bloomberg
A Record 6.65 Million File for U.S. Weekly Jobless Claims

A Record 6.65 Million File for U.S. Weekly Jobless Claims

A total of 6.65 million people filed jobless claims in the week ended March 28 as businesses closed around the nation to try and mitigate the coronavirus outbreak.
Bloomberg
Los Angeles Mayor Urges Citizens to Wear Homemade Masks in Public

Los Angeles Mayor Urges Citizens to Wear Homemade Masks in Public

Los Angeles Mayor Eric Garcetti recommends that all of the city's residents wear homemade masks when they need to leave the house. Garcetti spoke during a press conference on Thursday, April 1.
Bloomberg
Oil Rebounds as China Stocks Strategic Reserves With Cheap Crude

Oil Rebounds as China Stocks Strategic Reserves With Cheap Crude

China's plan to start buying up cheap oil for its strategic reserves sent Brent crude prices sharply higher.
Bloomberg
The Time to Worry About Debt Is After the Pandemic: Harvard's Furman

The Time to Worry About Debt Is After the Pandemic: Harvard's Furman

Jason Furman, Harvard Kennedy School professor of the practice of the economy, discusses the build-up of U.S. debt from stimulus aimed at combating the impact of the coronavirus pandemic.
Bloomberg
Fed, Stimulus Won't Prevent 25% Second Quarter Contraction: JPM's Chang

Fed, Stimulus Won't Prevent 25% Second Quarter Contraction: JPM's Chang

Joyce Chang, chair of global research at JPMorgan, sees loss of income as the biggest of a number of economic impacts from the coronavirus pandemic.
Bloomberg
European Has No Alternative to Solidarity on Debt, Ambrosetti CEO Says

European Has No Alternative to Solidarity on Debt, Ambrosetti CEO Says

Italy could see GDP fall as much as 11.5%, says European House - Ambrosetti Managing Partner and Chief Executive Officer Valerio De Molli, as he calls for solidarity on European debt.
Bloomberg
EU Says Each Month of Lockdown Causes 3% Annual GDP Slump

EU Says Each Month of Lockdown Causes 3% Annual GDP Slump

European Commissioner for Economy and Financial Affairs Paolo Gentiloni discusses the impact of the coronavirus pandemic on the economy.
Bloomberg
StanChart Says China, HK, Singapore Economies Set to Recover

StanChart Says China, HK, Singapore Economies Set to Recover

The Chinese, Hong Kong and Singapore economies are set for a "healthy recovery" in the second half of the year, according to Standard Chartered Plc Chief Executive Officer Bill Winters.
Bloomberg
U.K. Firms Face Cash-Flow Crisis: British Chambers of Commerce

U.K. Firms Face Cash-Flow Crisis: British Chambers of Commerce

Adam Marshall, director general for the British Chambers of Commerce, discusses the cash reserves of U.K. businesses and the problems companies are facing.
Bloomberg
Engie Says Decision to Scrap Dividend Boosts Flexibility

Engie Says Decision to Scrap Dividend Boosts Flexibility

French utility Engie SA's decision to scrap its dividend was a "difficult decision" but "it does maximize our flexibility" amid the uncertainty of the coronavirus pandemic, Chief Financial Officer Judith Hartmann said in an interview on "Bloomberg...
Bloomberg
U.S. Treasuries Preferred, AIM CEO Lee Says

U.S. Treasuries Preferred, AIM CEO Lee Says

Jenna Lee, founder and chief executive officer of AIM, a quant-based hedge-fund style investment management firm that serves mostly retail clients in South Korea, shares her views on the markets, investor sentiment and her strategy. AIM has $200 m...
Bloomberg
WHO Warns Governments Against `Knee-Jerk' Policies

WHO Warns Governments Against `Knee-Jerk' Policies

The World Health Organization warned countries battling to contain the spread of the coronavirus pandemic not to change their policies every single day. "We need to be very careful not to knee jerk," Mike Ryan, the head of the WHO's health emergen...
Bloomberg
Covid-19 Is a `Real Threat' to Everyone on the Planet, WHO Says

Covid-19 Is a `Real Threat' to Everyone on the Planet, WHO Says

The World Health Organization warned that the coronavirus can be a deadly disease for people in their thirties, forties and fifties and that everybody has a role to play to limit its spread. "Covid-19 is a real threat to everyone on the planet," M...
Bloomberg
U.K. Rescue Plan Under Strain

U.K. Rescue Plan Under Strain

Philip Thomas, professor of risk management at University of Bristol, discusses the U.K government's rescue plan to combat the fallout from the coronavirus and what he thinks needs to be done to help.
Bloomberg
Australia to Offer Free Childcare for Some Working Parents: Morrison

Australia to Offer Free Childcare for Some Working Parents: Morrison

Australian Prime Minister Scott Morrison says the government is offering free childcare to about 1 million families as it steps up efforts to cushion the impact of the coronavirus. He speaks at a press briefing in Canberra.
Bloomberg
New York, New Jersey Deaths Double in 3 Days

New York, New Jersey Deaths Double in 3 Days

Coronavirus deaths in the U.S. continue to climb sharply in New York and New Jersey with governors releasing data showing a doubling of fatalities in the past three days. New York's death toll reached almost 2,000 while New Jersey recorded more th...
Bloomberg
The Worst of Market Volatility Is Over, Says Danske Bank's Harr

The Worst of Market Volatility Is Over, Says Danske Bank's Harr

Thomas Harr, global head of FI&C research at Danske Bank, discusses volatility in equity markets and his outlook for fixed income.
Bloomberg
AirAsia Remains Optimistic Amid 'Tough' Environment: Group CEO

AirAsia Remains Optimistic Amid 'Tough' Environment: Group CEO

AirAsia Group Bhd. Chief Executive Officer Tony Fernandes discusses how the budget carrier is coping with the coronavirus outbreak. AirAsia Group is weighing options for its long-haul unit AirAsia X Bhd. including introducing a financial investor ...
Bloomberg
China's Ascletis Pharma Has a Two-Fold Strategy for Coronavirus: CEO

China's Ascletis Pharma Has a Two-Fold Strategy for Coronavirus: CEO

Jinzi Wu, chairman and chief executive officer of Hong Kong-listed Ascletis Pharma Inc., which specializes in antiviral treatment, discusses the company's efforts to fight the coronavirus.
Bloomberg
China Hotels Seeing Early Signs of Recovery: Langham Hospitality CEO

China Hotels Seeing Early Signs of Recovery: Langham Hospitality CEO

Stefan Leser, chief executive officer at Langham Hospitality Group, discusses how the coronavirus outbreak is weighing on the hotel industry.
Bloomberg
'Huge Opportunity' Seen in Value Stocks: Research Affiliates CIO

'Huge Opportunity' Seen in Value Stocks: Research Affiliates CIO

Chris Brightman, chief investment officer at Research Affiliates LLC who co-manages the PIMCO All Asset and All Asset All Authority funds, discusses the volatility in financial markets and his strategy.
Bloomberg
Chinese Airlines See Short-Term Virus Hit

Chinese Airlines See Short-Term Virus Hit

China's big three carriers are striking a defiant tone in their annual results saying the impact of the coronavirus on their operations won't last long despite unprecedented disruption.
Bloomberg
Biggest Virus Concern Is Production, Says Suntory CEO

Biggest Virus Concern Is Production, Says Suntory CEO

Takeshi Niinami, president and chief executive officer at Suntory Holdings Ltd., discusses the impact of coronavirus on the business and the challenges he's facing in the work from home environment.
Bloomberg
U.S. Intelligence Says China Concealed Extent of Virus Outbreak

U.S. Intelligence Says China Concealed Extent of Virus Outbreak

The U.S. intelligence community has now accused China of concealing the extent of its coronavirus reporting of the outbreak. That's according to 3 U.S. officials citing a new classified report to the White House.
Bloomberg
Qantas-Virgin Feud Puts Spotlight on Ethics of Airline Bailouts

Qantas-Virgin Feud Puts Spotlight on Ethics of Airline Bailouts

A feud is escalating between Qantas Airways Ltd. and its closest Australian competitor over the ethics of state aid, just as airlines facing collapse around the world race to secure bailouts.
Bloomberg
Trump Says He May Restrict Flights From Virus 'Hot Spots' in U.S.

Trump Says He May Restrict Flights From Virus 'Hot Spots' in U.S.

President Donald Trump says his administration is weighing whether to halt flights from some of the cities hardest hit by the coronavirus outbreak -- including New York and Miami -- but is wary of further harming the airline industry. He speaks at...
Bloomberg
Westpac Appoints Peter King as Permanent CEO

Westpac Appoints Peter King as Permanent CEO

Westpac Banking Corp. said acting Chief Executive Officer Peter King will take on the role permanently for the next two years as Australia's oldest bank seeks stability amid the coronavirus crisis.
Bloomberg
SoftBank Is Said to Plan to Abandon WeWork Shareholders Deal

SoftBank Is Said to Plan to Abandon WeWork Shareholders Deal

SoftBank Group Corp. plans to let the deadline for a $3 billion deal with WeWork investors expire without completing the agreement to buy more equity, despite threats of legal action from some members of the company's board, according to people fa...
Bloomberg
Evaluating Tesla's Model Y With Engineering Guru Sandy Munro

Evaluating Tesla's Model Y With Engineering Guru Sandy Munro

Sandy Munro, president of consulting firm Munro & Associates Inc., takes a walk around Tesla's Model Y crossover with Bloomberg's David Welch. Munro's firm has taken apart about 400 different vehicles from almost every carmaker and just took deliv...
Bloomberg
Trump Says China Virus Numbers Seem 'Light,' Has Good Relationship With Xi

Trump Says China Virus Numbers Seem 'Light,' Has Good Relationship With Xi

President Donald Trump says he hasn't received an intelligence report saying that China has concealed the extent of the coronavirus outbreak in its country.
Bloomberg
The Wall Street Veteran Who Sniffed Out How to Track the Virus Pandemic

The Wall Street Veteran Who Sniffed Out How to Track the Virus Pandemic

Michael Lewis, a Bloomberg Opinion columnist, says he found someone who has a novel way of thinking about how to collect and apply the data surrounding the coronavirus pandemic.
Bloomberg
Virus Drives Down Auto Sales For GM and Fiat

Virus Drives Down Auto Sales For GM and Fiat

General Motors Co. and Fiat Chrysler Automobiles NV gave an early glimpse of the damage a global pandemic has done to their U.S. sales, reporting deliveries that fell short of analysts' estimates. Jessica Caldwell, executive director of insights f...
Bloomberg
Banks Are Well-Equipped to Handle 'Horrendous' Virus Crisis, Tony Ressler Says

Banks Are Well-Equipped to Handle 'Horrendous' Virus Crisis, Tony Ressler Says

Ares Management Executive Chairman Tony Ressler says banks are in better shape to weather the coronavirus pandemic than they were before the financial crisis of 2008.
Bloomberg
Alaska Governor on Coronavirus Response

Alaska Governor on Coronavirus Response

Republican Governor Mike Dunleavy of Alaska discusses how the coronavirus has impacted Alaska.
Bloomberg
WHO Director Is 'Deeply Concerned' About Rising Numbers of Covid-19 Deaths

WHO Director Is 'Deeply Concerned' About Rising Numbers of Covid-19 Deaths

WHO Director-General Tedros Adhanom Ghebreyesus said he is "deeply concerned" about the rapid escalation of Covid-19 cases, as the death toll has doubled in the past week and growth in the number of infections has been almost exponential in the pa...
Bloomberg
Navy Has Taken 1,000 Sailors Off USS Roosevelt, Modly Says

Navy Has Taken 1,000 Sailors Off USS Roosevelt, Modly Says

Acting U.S. Navy Secretary Thomas Modly speaks at a news conference about the coronavirus outbreak on board the USS Theodore Roosevelt.
Bloomberg
Fed's Rosengren Says Main Street Lending Program Two Weeks Away

Fed's Rosengren Says Main Street Lending Program Two Weeks Away

Federal Reserve Bank of Boston President Eric Rosengren says the roll-out of a new lending program for small-and-medium-sized U.S. companies may still be "another couple" of weeks away. He spoke to Bloomberg's Mike McKee.
Bloomberg
Colony Capital Working on 'Multiple Deals,' Incoming CEO Says

Colony Capital Working on 'Multiple Deals,' Incoming CEO Says

Marc Ganzi, incoming Colony Capital chief executive officer, discusses the need for digital infrastructure amid the coronavirus outbreak with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
Bloomberg
War Chest PE Capital Calls Won't Be 'Looked on Fondly': Neuberger's Tutrone

War Chest PE Capital Calls Won't Be 'Looked on Fondly': Neuberger's Tutrone

Tony Tutrone, head of alternatives at Neuberger Berman, says some private equity firms are making unnecessary capital calls only to "build up a war chest." He speaks to Bloomberg's Sonali Basak on "Bloomberg Markets"-
Bloomberg
It's Getting Bleak in New York City, Hospital Workers Say

It's Getting Bleak in New York City, Hospital Workers Say

Heath care workers in New York City say the outlook is getting bleak, as hospitals struggle to cope with the influx of coronavirus patients.
Bloomberg