14 Burst results for "Mario Centeno"
"mario centeno" Discussed on Bloomberg Radio New York
"Of the credit lines for the European stability mechanism Eurogroup president Mario Centeno spoke exclusively to Bloomberg we are talking about on the maturity that there can be a after ten years so we really being a backs period will be a suitable for what we intend to do either really easy instrument and I think it'll be a long you think it'll be long okay in terms of the concerns about conditionality associated to the credit lines have those concerns been overcome is discontinued I think so and the fusion that will be finalized next week in the board of governors of the exam and we'll make it very clear that the conditionality is on their coffee experience which means that these line must be drawn he needs painted chairs that I relate the Levi's call the period it is the only conditionality best will be involved in the line after that country's must continue its blacks do and needs the criteria of the stability and growth pact which we already have a good game currently so nothing yeah okay I'm several countries in Europe now has started easing the lockdowns and there's all kinds of different projections in terms of where we go from here all the eurozone economy what kind of recovery do you see do you see a V. shape starting in the second half of the year or something more protracted in terms of a recession that that is precisely where will our uncertainty ease at leaves on the metal out of the ideological curves will be gave and in the future but we are repairing for that and the first step of course these easing the lockdown restrictions as we are we step by step you know very coordinated way and of course each country easy in a different position vis.
"mario centeno" Discussed on Bloomberg Radio New York
"A vis a vis vis a logical care by the the manta lockdown measures are being coordinated in all countries and the whole literally any condom use understand how important the single market ease as most of our countries are quite dependent on exports to the Atlantic area and European Union countries so we really want to coordinate these well better definitely the the the biggest and and secondly I mentioned I was the Eurogroup president Mario Centeno speaking to never change about rain has it become the lowest rated country to sell dollar bonds since late March some folks it is tracking the money on the market from dell has among good to have you with us about right seen as a much riskier borrower relative let's say to Saudi Qatar robin Dhabi so how did the market take it one overall but that sold two billion dollars worth of bonds okay there were two charges of the bond there was a four and a half years ago and there was a ten year bond overall they start at seven point five billion dollars in demand a new ten year bonds you end up yielding seven point three seven five percent that was a little bit better than the market had initially anticipated I'm I'm not really a shift in overall who's speaking that not just in the Gulf but around the world as you said this is the lowest rated borrowers first single B. issuers caressing pizza offered that in the market I'm clearly market does the vaccine finances as precarious the IMF critical break even oil prices over a hundred dollars a barrel one of six point three that's the highest in the Gulf region even higher than all mom has really been the focus of some of this market pressure and though we have courses seeing CDS at credit default swaps pride and pretty pretty high there around where they were in twenty eighteen you've got to think that other insurers are going to be watching the reception of boxing that debt issuance there is it all we had a slew of earnings reports on I'm looking at just one of those financial analyses here what were some of the highlights that caught your eye yeah we'll go to Abu Dhabi lenders are Abu Dhabi commercial bank in Abu Dhabi Islamic bank both reporting a first quarter earnings on Thursday now Abu Dhabi commercial bank going to get a lot of attention because it's going to aggressively cut costs I we also saw a five fold increase in impairment there the five hundred and twelve million dollars worth one point nine billion dirhams on to the majority of those impairments are actually booked at in order to to account for losses that are gonna be tied at NMC because AT T. V. as in now is one of the biggest creditors there when they took an eighty two percent profit hit we also saw Abu Dhabi and other W. one X. bank reporting but those and also taking bigger impairments roughly double the impairment except last year in the same quarter on the build more oriented toward the impact of code in nineteen finally this could be the tension on Aramex which saw its first quarter net income fall about forty percent that was roughly that was pretty expected the CEO saying it's really too soon to say how how severe the impact of the pandemic could be a business yeah we'll put some of those stop questions to our guests what else is on the agenda for this week's among yeah also want to know wait going going to impose a full curfew starting on may tenth not for twenty days and not you know might have a negative impact here we've seen a lot of other economies around the region easing our lockdown restriction Kuwait clearly going the other way stock market already down twenty five percent this year all right so we're gonna leave it there thanks very much for that that is a Simone Foxman our correspondent in Doha where's what's up next with U. S. equities multi back towards their all time highs.
"mario centeno" Discussed on WBZ NewsRadio 1030
"Because of the lack of demand the best way I can describe the situation we're in right now is it is truly helpless to merry has five packing companies around the country he had to close this hung said center a month early leaving nearly ten million pounds of tomatoes to go on harvested the clock is ticking and every day that goes by is another box of tomatoes left in the field to run for carpenter a third generation farmer the virus is threatening more than just a business it's his way of life thank you same at all but I don't think anybody lives ever seen anything like this the mobile for gas CBS news Miami new York's governor is pushing for the federal government to establish a coronavirus compensation fund much like what was done following nine eleven governor Cuomo referenced the lighting up of landmarks in blue this week a visual way of saying thanks to those on the front lines including doctors nurses technicians cops firefighters transit workers and others the governor saying they'd all be eligible for this fun what's even better is to take action that shows our gratitude saying it is nice doing it is even better adding he's already begun to pursue it I've been working with our congressional delegation we think the federal government should set up a hero's compensation fund James Fulton New York European countries are coming together on a relief agreement to support Europe's economies amid the global covert nineteen crisis Mario Centeno who heads the finance minister's groups from Europe countries was proud of the agreements this is totally unprecedented we never have reacted so quickly.
"mario centeno" Discussed on WBZ NewsRadio 1030
"Miami new York's governor is pushing for the federal government to establish a coronavirus compensation fund much like what was done following nine eleven governor Cuomo referenced the lighting up of landmarks in blue this week a visual way of saying thanks to those on the front lines including doctors nurses technicians cops firefighters transit workers and others the governor saying they'd all be eligible for this fun what's even better is to take action that shows our gratitude saying it is nice doing it is even better adding he's already begun to pursue it I've been working with our congressional delegation we think the federal government should set up a hero's compensation fund James flip in New York European countries are coming together on a relief agreement to support Europe's economies amid the global covert nineteen crisis Mario Centeno who heads the finance minister's groups from Europe countries was proud of the agreements this is totally unprecedented we never have reacted so quickly to a crisis has designed the deal agreed by all nineteen finance ministers did not however include more far reaching cooperation in the full he said borrowing guaranteed by all member countries this issue was left open despite it being a key demand from its the Spain France and six other countries the idea however was rejected by Germany Austria and the Netherlands Centeno however remained optimistic that they have learned from past mistakes we can all remember the response to the financial crisis of the last decade when Nero the a little too late this time around is different.
"mario centeno" Discussed on WBZ NewsRadio 1030
"News Miami new York's governor is pushing for the federal government to establish a coronavirus compensation fund much like what was done following nine eleven governor Cuomo referenced the lighting up of landmarks in blue this week a visual way of saying thanks to those on the front lines including doctors nurses technicians cops firefighters transit workers and others the governor saying they'd all be eligible for this fun what's even better is to take action that shows our gratitude saying it is nice doing it is even better adding he's already begun to pursue it I've been working with our congressional delegation we think the federal government should set up a hero's compensation fund James flip in New York European countries are coming together on a relief agreement to support Europe's economies amid the global covert nineteen crisis Mario Centeno who heads the finance minister's groups from Europe countries was proud of the agreements this is totally unprecedented we never have reacted so quickly to a crisis has designed the deal agreed by all nineteen finance ministers did not however include more far reaching cooperation in the full Lisette burrowing guaranteed by all member countries this issue was left open despite it being a key demand from its the Spain France and six other countries the idea however was rejected by Germany Austria and the Netherlands Centeno however remained optimistic that they have learned from past mistakes we can all remember the response to the financial crisis of the last decade when Nero the a little too late this time around is.
"mario centeno" Discussed on AP News
"To adapt and learn how to assume we have to learn the technology we've learned on on the fly how to mute everyone so we don't get a lot of noise or or background noise coming in ansys leads a small profession of ten people in St Peter's square at the Vatican to mark Good Friday an Ohio man is accused of waving a pistol and threatening a person dressed as the Easter bunny from an interstate overpass police say the man was given a breathalyzer and taken to a medical facility he's facing charges of aggravated menacing and improper handling of a firearm inside the vehicle I'm timid wire AP news new York's governor is urging president trump to use the defense production act to help with testing New York state governor Andrew Cuomo has had both good and bad news in the last few days while the deaths are rising hospitalizations are falling as the state continues to flatten the curve so many of its residents want to get back to work it's not going to be everybody goes back next Thursday it's not going to happen that way it's going to be a gradual phased process and it's going to be reliant on testing which Cuomo says he needs help from the federal government with we need an unprecedented mobilization where government can produce these tests in the millions actually after nineteen countries from around Europe that will use the euro all came together despite this shop differences to agree on measures that could provide more than half a trillion dollars for companies workers and health systems to cushion the economic impact of the virus outbreak Mario Centeno who heads the finance minister's groups from Europe countries was proud of the agreements this is doctor Lee and president we never have reacted so quickly door prizes as design the deal agreed by all nineteen finance ministers did not however include more far reaching cooperation in the fullest said boring guaranteed by all member countries this is she was left open despite it being a key demand from its the Spain France and six other countries the idea however was rejected by Germany Austria and the Netherlands Centeno however remained optimistic that they have learned from past mistakes we can all remember the response to the financial crisis of the last decade when Nero the a little too late this time around is different I'm Karen Thomas thank you for listening to the AP radio network Hey did you know that the Associated Press produces news related books here's what's new and upcoming.
"mario centeno" Discussed on AP News
"To adapt and learn how to assume we have to learn the technology we learned on on the fly how to meet everyone so we don't get a lot of noise or or background noise coming in pope Francis leads a small profession of ten people in St Peter's square at the Vatican to mark Good Friday an Ohio man is accused of waving a pistol and threatening a person dressed as the Easter bunny prevent interstate overpass police say the man was given a breathalyzer and taken to a medical facility he's facing charges of aggravated menacing and improper handling of a firearm inside the vehicle I'm timid wire AP news new York's governor is urging president trump to use the defense production act to help with testing New York state governor Andrew Cuomo has had both good and bad news in the last few days while the deaths are rising hospitalizations are falling as the state continues to flatten the curve so many of its residents want to get back to work it's not going to be everybody goes back next Thursday it's not going to happen that way it's going to be a gradual phased process and it's going to be reliant on testing which Cuomo says he needs help from the federal government with we need an unprecedented mobilization where government can produce these tests in the millions I Shelly after nineteen countries from around Europe that will use the euro all came together despite this shop differences to agree on measures that could provide more than half a trillion dollars the company's workers and health systems to cushion the economic impact of the virus outbreak Mario Centeno who heads the finance minister's groups from Europe countries was proud of the agreements this is doctor Lee and president that we never have reacted so quickly to a crisis has designed the deal agreed by all nineteen finance ministers did not however include more far reaching cooperation in the fullest said barring guaranteed by all member countries this is she was left open despite it being a key demand from its the Spain France and six other countries the idea however was rejected by Germany Austria and the Netherlands Centeno however remained optimistic that they have learned from past mistakes we can all remember their response to the financial crisis of the last decade when Nero the a little too late this time around is different I'm Karen Thomas thank.
"mario centeno" Discussed on KQED Radio
"To help workers firms and governments struggling with the impact of the disease the deal was announced by the Portuguese finance minister Mario Centeno air he's also president of the Eurogroup at the EU countries we will strive to make these pandemic crisis support operational within two weeks they had up to around the house for trillion euros a step change in the economic coordination we deem our union this emergency plan we'll sealed our economic and social fabric as we dive into a recession but behind the scenes divisions remain definitely is all your correspondent that all critics you know the Dutch the Italians that the the Spanish who say privately and a different us that this is a German version in some ways helps German industry to confirm please what about tourism in Spain for example what about those in the agricultural sector some of the programs of all necessarily designed that way so there is something going on behind the scenes but ultimately other the other point here they agreed on this but a package has been does not by the leaders we expect an emergency virtual summits in online summit next week they didn't agree on that the key thing which was a mutual sharing of data loans on either you system where they take a collective responsibility for each other it was labeled corona bones that was absolutely toxic what's in a name I know for a lot that's out of the window I'm told by the Dutch complete no go Gavin lake you're listening to the BBC world service and Jerry has the headlines your member states have agreed to rescue package to help countries affected by corona virus Germany says the half a trillion dollar deal demonstrates European solidarity the governor of Tokyo is asking a range of businesses to close their doors in a bid to hold the spread of the pandemic in Japan in the city at the center of the outbreak in South Korea has reported no new cases for the first time in two months thanks Jerry the Christians all over the world Easter is the most important festival of the year but corona virus means that you get the usual celebrations and events will have to change when pope Francis leads the service of the stations of the cross in St Peter's square this evening he'll be assisted at a safe distance by doctors and nurses from the Vatican health care department that's not to talk label religion report said let me just ask you say today is Good Friday how is corona virus affected all the traditional services what is you mentioned the part that really leading by example he has taken all of his son's wedding related G. this week without a congregation physically that and he's taken those online for people to join him on the internet and that's what he will be doing over this weekend as well but it has been very difficult for a lot of people who have been unable to go to the normal service days I was connecting with people in South Africa saying that you know they've gone into all kind of been in lock down for quite some time and then having to adjust to it will say that you know going online that cherishes the streaming services but they missed that physical togetherness I think the lady in Kenya and yet this week he was planning to have Good Friday communion with her church community via zoom the people are trying to find ways to connect with each other and in New York kind of that church is planning to get people to come out on to that thought okay needs and seeing on Easter Sunday which is the most holy day of the year for Christians so people still managing to stay connected and it'll say the Jewish festival of Passover and house right of ours had any effect on how that's been celebrated across the world well yeah big policy all policy for it is the first evening at a fuel in Israel France and second at evening if your outside of Israel and for many Jewish people is the seder ceremony older theta ritual meal when families gather together with friends around a table and really remember that the story of how the Jews will let out said Inslee who in Egypt in an accident freedom and it's about community it's about coming together and not being able to do that well it's very difficult for many people again in Israel people did to try and find ways to still find that togetherness some people going out instead of going to the balconies and and saying thinking parts of that ceremony I will suspect with a rabbi in New York he was a really trying to encourage people to find ways to make take pulse of the ritual and adapt them to the times that wearing and so people are trying to still you know find a way of being together and I still conducts a religious ceremonies levy thank you that was likely to second detainees in Australian immigration centers all pleading to be released because that price and they might catch the virus inmates say it's impossible for them to self isolate and protect themselves some have not gone on hunger strike that has been one confirmed case of the virus in the detention network say fall almost fifteen hundred people are being held in detention on the mainland from Sydney Phil Mercer reports what the government has come together like these detainees at the Villawood immigration center in Sydney fear an outbreak of the new coronavirus inside the facility would be impossible to control that pleading to be released into the community some say they're so desperate they've gone on a hunger strike right originally three but this is only for white so we can reach out to use voice struck you want peace eight in order to get some form of attention nine eight nine three six open the box revenues we are human beings so we urge you we clean with the Australian government know.
"mario centeno" Discussed on Wall Street Breakfast
"Aid for small business leading. Today's news. There must be some kind of way Outta here. Said the economists to the Task Force as governments around the world developed plans to get their economies back on track in the US. The effort appears to be dependent on testing far more Americans than has been possible to date. Though planning is still in the early stages the economy would likely be reopened in phases beginning in smaller cities and towns and states that have yet been heavily hit by the virus. Until then there's too much confusion I can't get no relief in other news. A big rally yesterday saw the Dow climbed more than nine hundred points only to lose steam later in the session as traders track corona virus death an infection rates and the absence of real time economic data on Tuesday New York reported its largest single day. Kobe nineteen death toll at seven hundred and thirteen fatalities while the number of US cases surpass four hundred thousand nationwide corona virus infections reached two hundred thousand on April first meaning the country has doubled. Its confirmed case. Count in just one week next moves. Stock futures inched between slight gains and losses overnight and as of six am eastern time. They were hugging a flat line. The trump administration has asked Congress for an additional two hundred fifty billion emergency economic aid for small businesses reeling from the corona virus pandemic. That's an addition to the three hundred and forty nine billion. That's already part of the cares act. Signed into law on March twenty seventh more than seventy billion of the P P P loans have already been processed which encouraged small enterprises to keep their employees on staff and help them pay overhead costs. I don't think it's going to be a rapid bounceback former fed chair. Ben Banke told a virtual discussion hosted by the Brookings Institution while the economy could contract thirty percent annualized rate or more in Q. Two. He brushed aside. Comparisons to the point of your long rate depression saying if all goes well in a year or two we should be in a substantially better position. Brank he also sees interest rates at zero for a long time and said a case could be made to stop. Bake dividend payouts companies. Are running out of cash said John Chambers the legendary tech CEO who turned Cisco into a powerhouse expecting the worst over the next nine months to a year he sees the pandemic as a three axis disruptor to the economy healthcare system and global supply chain with the travel and airline industries recovering much more slowly than retail and financial institutions companies will either be destroyed or break away if they follow their North Star. He cautions adding that for many. It will be like a second chance to do an IPO. First QUARTER EARNINGS SEASON KICKS OFF in under a week. Starting with the financial sector with reports expected from J. P. Morgan and Wells Fargo on April fourteenth. This time around beat services will be largely irrelevant because the results will be lowered by a tremendous increase in provision for loan loss reserves as well as considerations for a difficult economic cycle through twenty twenty one some analysts haven't even updated their estimates since before February nineteenth when the S. and P. Five hundred hit. It's less closing record. Meaning consists estimates are dulled by stragglers. We came close to a deal but we aren't there yet. Tweeted Euro Group head. Mario Centeno following sixteen hours of discussions over additional stimulus to help the block weather. The Corona virus pandemic I suspended the Hashtag Eurogroup and continue tomorrow. Thursday reasons for the breakdown dispute reportedly took place between the Netherlands and Italy over the conditions attached to the potential use of credit lines from the European Stability Mechanism. Ministers also sparred over the wording of a joint statement. The French economy shrank the most since World War. Two in the first quarter. According to the Bank of France and the outlook for the rest of the year is souring significantly. The central bank estimates six percent slump hurt by a corona virus induced collapse in supply and demand. Things are also looking grim in Germany according to a joint forecast from fried leading German. Institutes Europe's largest economy probably shrank by nine point. Eight percent in the second quarter. Its biggest decline. Since records began in one. Thousand nine hundred. Seventy Australia has become the first of eleven nations rated AAA by the SNP have been put on negative outlook since the corona virus outbreak. The decision came after the country's parliament returned to pass the emergency eighty billion dollar job keeper. Bill taking its total tally of fiscal support to one hundred ninety seven billion dollars. We expect the Australian economy to plunge into recession for the first time and almost thirty years wrote the SNP causing a substantial deterioration of the government's fiscal headroom at the AAA rating level. The American Petroleum Institute reportedly showed a build of eleven point. Nine million barrels of oil for the week ended April Third. Its second consecutive. Increase after two straight declines. Gasoline inventories reportedly show a build of nine point. Forty FIVE BILLION BARRELS. Distillate inventories show a draw. One hundred seventy seven thousand barrels and cushing inventories shila build up six point eight million barrels data from the Energy Information Administration to be released. This morning expected to show that crude inventories rose by eight. Point four million barrels last week according to analysts poll by SNP Global Platz as six twenty. Am today the Nasdaq. Crude oil and gold are all set to open in the green with the SNP flat and Dow slightly down on today's economic calendar. Eia Petroleum inventories are out at ten thirty A. M. Eastern time. If you enjoyed today's podcast please be sure to rate and review it below. Your feedback is deeply appreciated. That concludes today's Wall Street breakfast. Thank you for listening for the best. Investment Analysis and news on the web seeking DOT COM. Subscribe to this podcast on Apple. Podcast Google podcasts. Spotify stitcher you can sign up for other podcasts behind the idea. Sap's let's hope. Ups cannibus investing podcast.
"mario centeno" Discussed on KQED Radio
"Bars Johnson remains in intensive care Israel shuts off an entire town and Japan declares a state of emergency to battle the coronavirus a leading concern is that maybe there are more cases in Japan than we know about giving Japan a false sense of security South Africa is getting high marks for scaling up its testing but a lockdown has revealed economic divides some domestic workers there are being held against their will by their employers impressa saying I'm not going to go cold because you're going to make us sick if you go to a cemex also the U. S. wants Venezuela's president out and is offering him a chance to step down but Nicolas Maduro he's not going anywhere voluntarily the lord could come down use him with a new heart and a new brain but short of that it is not going to happen I'm Marco Werman those stories today on the world hello I'm David hopper with the B. B. C. news the lockdown has been lifted in the city of Wuhan in China's Hubei province whether global corona virus pandemic started train road and rail connections have now been reestablished Stephen McDonell reports on police of warns that motorists should expect heavy traffic on roads out of the city for more than ten weeks millions of people have not been able to leave the vast transport hub in central China and initially only those with health clearance are permitted to go even with unlimited data service two hundred flights departing on the first day carrying US ten thousand passengers Chinese state media has shown aerial footage with nearly a hundred high speed trains ready to pots and highway road blocks of being removed France has seen a steep rise in its daily number of corona virus related deaths registering one thousand four hundred and seventeen more than ten thousand people with the virus have died in France since the start of the pandemic the head of the group of euro zone finance ministers has called for bold measures in response to the coronavirus crisis matter you said Tanis said ministers had to show that citizens they'd be protected he's urging them to approve an economic recovery time as Dan Eberhart reports the figure is a mind boggling more than half a trillion euros European Union finance ministers are trying to thrash out an emergency package described by Mario Centeno Portugal's finance minister as arguably the most ambitious abba it would aim to insure countries and businesses can access sufficient credit to ensure the E. U. doesn't get much in the long term recession all of this is on top of national measures already announced the package would see member states contribute billions of dollars to leverage much greater sums from the markets the British government says the prime minister who remains in intensive care because of covert nineteen is in a stable condition and doesn't need mechanical ventilation at a news conference the authorities also said the number of new coronavirus infections was showing signs of leveling off although it will take a week or so to see if the worst is over more from our political correspondent Jonathan Blake well that was an indication from the chief scientific adviser Patrick balance at that briefing that that was a glimmer of positivity he was very careful to ads cabbie outs but said there was some suggestion in the latest figures for hospital admissions that a flattening of the curve was beginning to occur I'm that would potentially suggests that the lockdown measures the restrictions on movement and we put in place here in the U. K. for a couple of weeks now what beginning to have an effect the figure for deaths is still rising more than six thousand people have died in Britain since the beginning of the corona virus epidemic live from London this is David how Pat your listing to the latest world news from the BBC live from KQED news I'm terrorists either expect significantly fewer bart trains to be running tomorrow it's another deep service cuts in response to a financial crisis triggered by the corona virus outbreak the district plans to start running trains every half an hour on Wednesday instead of every fifteen minutes on each of its major if it's five major lines the move effectively suspends nearly half the system scheduled service bart ridership is down ninety four percent from pre pandemic levels a decline the agency says will lead to a deficit of a hundreds of millions of dollars as a fax from the pandemic continue into summer transfiguration searing mort service reductions continued hiring freeze and laminating vacant positions state senator Scott Wiener is holding a blood drive today that he's dubbed give for a gay drawing attention to the ban on donations by men who have sex with men the food and drug administration relaxed its rules last week allowing gay men to donate if they've been celibate for three months instead of a year but we are told a press conference that's not enough there's no scientific basis.
"mario centeno" Discussed on WORT 89.9 FM
"BBC news I'm John Shea the Chinese city of Wuhan where the global connect coronavirus emergency started has just re opens to the outside world Stephen McDonell reports one place of warns that motorists should expect heavy traffic on roads out of the city for more than ten weeks millions of people have not been able to leave the vast transport OB in central China and initially only those with health clearance are permitted to go even with unlimited data service two hundred flights departing on the first day carrying US ten thousand passengers Chinese state media has shown aerial footage with nearly a hundred high speed trains ready to pots and highway road blocks have been removed early on China said it had registered no new deaths in its official coronavirus Vegas questions remain about the veracity of the country's statistics the international labor organization size the corona virus outbreak is having a catastrophic effect on working hours and earnings across the world a quarter of a billion workers are affected imagine folks reports the ILO study shows that eighty one percent of the global work force is now affected by the pandemic while wealthier countries have offered some financial support in developing countries millions of people are employed in the informal sector with no job protection for them the ILO says the sudden loss of income will be devastating the report urges governments to act fast together to avoid a global surgeon unemployment and poverty the head of the group of euro zone finance ministers has called for bold measures in response to the coronavirus crisis Mario Centeno said ministers had to show that citizens they'd be protected he's urging them to approve an economic recovery plan Doney Eberhart dribbles the figure is a mind boggling more than half a trillion euros European Union finance ministers are trying to thrash out an emergency package described by Marius and tend to Portugal's finance minister as arguably the most ambitious abba it would aim to insure countries and businesses can access sufficient credit to ensure the E. U. doesn't get mired in a long term recession all of this is on top of national measures already announced the package would see member states contribute billions of dollars to leverage much greater sums from the markets the British government says the prime minister Boris Johnson who remains in intensive care because of Kobe nineteen is in a stable condition and doesn't need mechanical ventilation the Foreign Secretary Dominic Raab who is deputising for him said Mr Johnson had been sent best wishes from all over he's not just the prime minister for the sink cabinet he's not just a boss he's also a colleague he's also a friend to all of our thoughts and prayers with the prime minister at this time we carry on with his whole family and I'm confident he'll pull through well news from the BBC an Iranian judicial official has said that more than six hundred people have died from extreme alcohol consumption since the start of the corona virus outbreak of Middle East analyst Sebastian usher reports Iran was one of the first correct about as hot spots up to China official figures say that almost four thousand people have died the outbreak has caused fear and panic as elsewhere in a frantic search for protection even though alcohol is banned in Iran some seized on reports but it might help they turned to methanol and other industrial strength products now the spokesman for the Iranian judiciary has confirmed that this may have killed many saying that six hundred people have died from consuming alcohol and three thousand have been made ill since the outbreak began health officials in Afghanistan have expressed alarm off to thousands of Afghans from neighboring Pakistan flooded through the border crossings which were opened on Monday Pakistan closed its border last month to contain the outbreak of coronavirus and tens of thousands of Afghans who had been to the country for business and medical treatment was stranded that the two border crossings will be open for a few days the Mexican health ministry has warned that the country faces an acute shortage of doctors as it seeks to increase hospital care defines the current of our summer break the health minister okay a consent search the country needed to recruit around two hundred thousand doctors rapidly Mexican officials say the country has the lowest number of medical personnel relative to population among countries in the organization for economic cooperation and development Russia has accused the United States of seeking to claim resources in outer space for itself its space agency Roscosmos described the plans as aggressive and said they were him they would hinder international corporation comments follow an executive order signed by president trump on Monday and that's the latest BBC world news related gene she's a black mother look okay well movie may may looking I'm not a movie made me look a preacher given the and Mary had a little it is a life coach the girls just don't don't don't get no help in the sink no I'm just kidding but most of all she is the host of the new podcast defending black girlhood we invite you to join us for a premiere episode April twenty six as we unravel the heart wrenching story of Erica hill a local area black girl who went missing in undiscovered for over twelve years in the meantime will contest or your favorite podcast listen to the pre release of defending black girlhood to ground zero and while you're at it make sure you subscribe to a later date or that's L. I. L. A. D. A. dot O. R. G. so you won't miss one single fearless conversation the frequency radio hello do a public hi it is Tuesday so you've got me I'm carousel Baird and I am honored again to be here is always a big huge doubt shout out and thank you to the wart listening community we have failing we are feeling the love and support from all of our were listeners I've gotten so much feedback from the shows that we're doing so thank you for listening keep the feedback coming let us know what you're looking for how we can support you in the community and thank you for supporting us today is election day by the way I can't imagine a more outrageous horrendous scary election day than the one we have today I don't think I've ever in my life suggested that people are not vote and I'm not sure what to suggest these days but I will start with a huge thank you and love to our poll workers that are literally working through a pandemic right now lots of friends are doing this community members government workers my husband is working in a poll as we speak thank you to all of them everyone's for making this unreasonable sacrifice for democracy we'll leave it at that I know there's gonna be a lot of conversations about what's happening in in Wisconsin elections were going to have a great show next week in lots of things but let's get to today's topic instead just as important justice pressing is the issue of the rise of the discrimination and racism against Asians and Asian Americans in the United States of racism I think as we all know is part of the fabric of America I mean it is built into our country is part of our systems our president president Donald trump is a racist individual all his life he has made comments that are racist about from the Central Park five to now calling the corona virus the Chinese virus but discrimination and racism in America and discrimination and racism against Asian Americans and Asians did not start with this president and will not end with our president today we're going to talk about America's ugly history of racism against Asians and Asian Americans which is on the rise today because of our presidents trump insistence on inserting racism into the global pandemic of the corona virus but we really want to get even a broader view of what's happening today and the history of America and then what can we do to intervene to stop this a trend that is growing I have two amazing gas joining me today again I am so thankful and grateful for national leaders stepping up and joining us so that we can continue to have these fabulous important conversations two amazing Asian American women are joining us today Helen Z. I. is here hello Helen are you online I am carousel thank you for having me thank you for joining us Helen is an activist and author or journalist she's the author of Asian American dreams the emergence of American people and American people and she's the co author of my country versus me about a Los Alamos scientist who was accused of being a spy for the Chinese government she is the former executive director editor of ms magazine and she's been published in may is in New York times Washington post so many others in her most recent column was in The Washington Post on April second twenty twenty just a few days ago I entitled targeting Asian Americans are targeting Asians and Asian Americans will make it harder to stop included nineteen great to have her and also joining us on the phone we have hello tell arrived they did I say that right below did I get it right but that was great thank you I'm I'm glad I'm sorry that I pause there for a second to bow tower Robbie is joining us it's so great to have her as well she is the co founder and executive in network director of the coalition of Asian American leaders based in Saint Paul Minnesota but was appointed by president Obama to serve on the president's commission on Asian Americans and Pacific islanders and Bo is founder of the many many organizations co founded the Asian Pacific institute on gender based violence and among women achieving together she's received numerous awards and recognitions for her leadership and it's just great to have such a great community leaders here in the Midwest so thank you for your your work in your service here in Saint Paul and Minneapolis Minnesota so close and near and dear to us our sister stayed here in Wisconsin hello bro thank you so it's great to have you both let's let's sort of start with us what's happening right now president trump's sort of intentional efforts there was even a visual that I saw in the news media where he crossed out the word corona in his notes to say corona virus and road instead the word Chinese so that in his speech he was a Chinese virus what's what's your response to that hello and you want to kick us off sure I think first of all thank you for your lead in information I think that was all perfect I agree with you one hundred percent on everything you said about it and regarding that that despicable frankly criminal a photo showing that our president had actually deliberately tried to point to people in China and that includes everybody who looks Chinese not only Chinese or Chinese Americans but anybody who looks Chinese that for many Americans as everybody who's from Asia looks Chinese and pretty much put a target on all of us and so what we're seeing here is that classic point the finger at somebody else blame other people try to invoke fear xenophobia and hatred toward other people so that your own deeds don't get examined and we can all agree that this president we did for it wasted two months you know when the epidemic was that the pandemic was spreading through China and all of that news and all of that top officials in the health field were saying you know watch out it's coming and nothing happened so this is a this is a typical blame somebody else in for Asian Americans and that's not just Chinese Americans but for all Asians in America this is been something that is part of our history that we get blamed you know when whether it's in the eighteen hundreds when there was an economic depression in the United States in the eighteen hundreds late eighteen hundreds and what came out but a massive movement of ethnic cleansing really to get rid of all people of Asian background starting with the Chinese and the Chinese exclusion act but including any American citizen woman who married a Chinese immigrant they would lose their citizenship so this was a a scorch on American history there's actually been apologies from Congress for that eighteen eighty two a Chinese exclusion act but it was more than a law it led to lynchings massacres burnings of Chinatown's Wyoming and Idaho used to have more Chinese than any other ethnic group in their states and now the rank among the whitest states in the country because they got rid of ethnically cleansed Chinese and Asians from there territories and states so what we're seeing today is basically a continuation of that you know point the finger at China and people of Chinese descent and anybody who looks Chinese to blame for the really the hardships and misery that we are all going through today and what I pointed out in my.
"mario centeno" Discussed on Bloomberg Radio New York
"Hit global supply chains and squeeze them on production rose four tens from a month from a one percent pace in January the focus to be flat separate data showed retail sales also holding up in the bar is just a great hold on all right let's take a look at the markets right now we always seems like that good data out of China really is off things of the virus worries out there European allies with a K. two to five still think eking out some games here right now they're kind of fluctuating because they're dealing with the threat of these local infections now as well as some recovery that we're seeing in China so we're up about fifty six points here watching like the Fuji film but still the big winner on the board here the last couple days as I mentioned about that I began clinical trials that start today according to some a local media there the Hague saying we're off of the highs were still gained about two hundred sixty four points right now but we are expecting those retail sales data to come through with it later on which could be a pretty bad bad engine five record drop as according to Carrie lam and how she stated earlier this morning the cost women a lot also seeing some decent gains here right now some of the boards and watch out we got breaking news has well that's right because he's a TV saying that China will delay the college entrance exam for twenty eight twenty will bring you the details are slightly later for now though Japan is quashing speculation that a national state of emergency is imminent because of a rise in corona virus cases the economy minister says such a move which could have included lockdowns in cities such as Tokyo and Osaka is not needed at this point let's bring in our chief north Asia correspondent Stephen Engle disturbing developments for us Steve what's the situation now concentrate on three main countries that are in similar situations Japan India and Indonesia all have fewer than two thousand confirmed cases might be the tip of the iceberg or might not be but right now let's focus on Japan because they do have nineteen hundred and fifty three confirmed cases and fifty eight deaths Tokyo has four hundred and forty three now you just mentioned about how there's been lots of speculation rampant in fact on the internet in Japan that there was going to be a national declaration of emergency imminently however the economy minister has come out today speaking this morning saying that is not the case he regretted the fact that there was so many rumors on the internet however last week if you remember that chief cabinet officer the Cabinet Office actually established a panel that would discuss the options and the logistics of such a declaration but the Nishimoto the economy minister saying the evidence they have right now and the decision on the national emergency would be based on health issues and the situation of the virus but the situation right now is they will not be declaring or there is no need to declare a national emergency that we could subsequently lead to a lockdown of the largest cities like Tokyo and Osaka which Nishimoto said would be you know very devastating for the economy hi Steve I pop in China were also focusing on India and Indonesia where long downs threaten lockdowns are creating significant hardships that's right I mean there is some it's it's it's not an underestimation to say there's a humanitarian crisis unfolding in India where hundreds of thousands of people who have lost their jobs or or can't pay rent are hitting the streets literally heading back to their home towns because public transport has been shut down about this twenty one day national national locked down in India it's creating quite a bit of hardship because they they to they want to stop the spread of the government that is wants to stop the spread of the virus and these are haps artificially low numbers I I hate to say that we're talking about thousands of cases in hundreds of deaths but one thousand two hundred fifty one cases thirty two deaths in India but they are it's under testing is rampant a similar situation in Indonesia low number of cases hundred and four hundred twenty two deaths but they are considering Joko Widodo is considering appointing some thirty million people in west Java that decision has not come down yet now I think the key concern now shifted to the south and Southeast Asia is now it's a Steve thank you saving all our chief north Asia correspondent from Hong Kong where the World Health Organization says there are signs that Europe may be approaching a peak and new virus infections with numbers stabilizing across several countries that went into lockdown that news comes as Italy signals that may extend its stay at home measures at least until Easter let's go to our markets going over shots along that he's watching all this for us so rich it seems like Europe turning a corner perhaps the WHO's thinking isn't it that this seeing a bit of light at the end of the tunnel into the getting some of that from these slight fools in number of people dying in countries like Spain and as he mentioned it to me as well now it's only has eleven thousand people dead and over a hundred and two thousand people which have been affected by this virus that the thing here is that this is causing all sorts of all the issues not just the lock on it so creating a divide between the north and south which has existed ever since the Risorgimento when it's the actually came into being in the south we go to this is silly at the moment on the brink of many gangs have been using social media to attack stores and and ran inside women what we have is the prime minister that I G. septic on day that but peeling so common essence and things could really spiral here because that one ferry company which is refusing to ship goods from the south of its weight to the island of Sicily itself in this affair the market could come in and actually step in and take that place is it worth looking at spring into this for the long bond measures over the weekend as the F. prime minister Bettel scientists are talking about nonessential people not being allowed on the streets this is extended beyond the the European Union and the I'm going to wash or as well well Moscow city of about what twelve point two million people that the biggest capital city in Europe is now on the lot down with the mayor that saying that nobody should take to the streets and that's it is an absolute emergency here as well so that's what we have with that Russian having something like twelve hundred cases although Kerr this occurring of ours this consul general could nineteen guys Everest re so easily be bought record levels of debt last week there's several governments are digging deep to find virus related stimulus with Kronos bonds now I mean how is all this data could be handled by the E. U. yeah we're going to bombs on the table we've gone to a group of nine members all of the euro area coming out strongly in favor of the link to the to the Spain and France but the Netherlands and Germany agreed he stuck my heels on this one they're not really really at the moment a path to go down that route and that's a similar refrain that we had during the eurozone crisis a few years ago that's what we do have at the moment is this prospect of this huge budget treat cost tool this is well off to the current virus it has disappeared we're going to have to have measures that you get these economies back on their feet as it well it would be a colossal shock is the Eurogroup president Mario Centeno said as well so that's what we have and we just take a look at Germany what they've been doing at the moment that's a prediction that if this continues until mid may that we could actually see about a two point eight percent shrinkage in output from the economy however if it continues beyond that and some economic economists suggesting that we could see even steeper fulls of of GDP of four five and a half percent of their brown said the thing is this is perhaps not being regarded as well as the GSC the thing is how much worse is it and Germany says that perhaps good company should suspend that dividends and then use that money in terms of right to treating people and treating what's going on in the country and beyond its borders as well now that that was well before the nineteen the question out there at the moment is what sort of world who will be in afterwards back to you the market's going to recess llama thank you so much for that well the Philippines economy is taking a big kids like many others from the corner virus pandemic growth drivers like consumption tourism and trade are being affected with all of the country's population under lockdown was get insights from a man who runs one of the largest conglomerates in the Philippines Ayala corporation chairman and CEO hi gosh does about the ideology joints is exclusively from Manila how always good to have you with us I just this morning the government said that it's still undecided whether that young down will be expanded I mean what are your views do you support an extension of this lockdown can't economies survive the extension thank you Linda well at this point in time we have an April fourteenth date for the technical end of the lock down but I think the government correctly is looking at this on a day to day basis there many feelings obviously are balancing the health related issue with an economic one I think all governments are facing this the way I see it is the government right now is taking it day by day right now we have an April fourteenth they then we'll see what happens as the week progresses I was selling retail activity slowing demand for power how is ideal coping adjusting to the new to the new normal well obviously this is affecting businesses in a whole different way here I am at home as well communicate their I guess with all our teams it's a whole different world there's some pluses this of mine this is odd to certain extent basically you have consumption coming almost to a halt but some areas that are continuing in a real estate group for example the business processing outsourcing industry continues and they're living in the in the hotels that we have surrounding these areas but at the same time the moles are shot them closed down in the case of the bank all this the consumer loans corporate loans are also down but deposits are are moving up our telecom unit of course is very busy catering to the needs so you've got some ups you've got some downs but obviously this is going to be hard for all businesses I think up maybe just to say a couple of things I think the government has also been getting quite a bit of support our legislature basically re adjusted the powers of the president to realign our budgets so there's a big game of the government's part to also support I guess a business and consumers and the public in general during this time I think the president saying is to get between five thousand and eight thousand pencils to about eighteen million economically vulnerable Filipinos are are of central bankers also be in helping us with the re discounting rate so I think two hundred basis points reduction in in the reserve requirements our own a money tree thirty bees and and our own department of finances also delay the payment of taxes so everybody's kind of coming into this together and and and helping out but he I guess this is the help many of the day laborers the contract workers and many of us in the business community rather than just completely focusing on ourselves are trying to create funds at separate do to help out I guess employees but the P. the contractual once a day laborers were actually have no work at this time hi me I you know I tell given all the uncertainties any plans to perhaps delay projects in the pipeline project to do with power property well at this point in time liquidity is king has been that that's what we're focusing on luckily at the allegorical level where we're in good shape we have about four hundred million dollars in cash and about five hundred million dollars of of lines so in that sense I think preserving cash we never know what the needs might be at the conglomerate level I some of these smaller companies we want to be able to support them to ride this out however our stock is slow everybody stocks have come down there we have permission to have buy backs against across the group we have not accepted yet but I think preserving operations making sure employees are safe we've given a lot of support to the employee groups I think we gave an amount of about two point four billion bases about fifty million dollars worth of support across the group to our employee work force also to many of the tenants in our malls we basically delayed all payments of rent we're trying to use our liquidity now in our financial strength to support the eco system that surround us our employees our customers and make sure that they're safe essentially this is a difficult time we have to help everyone and and that'll come back when things normalize hi this is.
"mario centeno" Discussed on Bloomberg Radio New York
"On profit growth coming up ten point seven percent now it's a really taking high consistently if we take a look at currencies this morning the Bloomberg dollar spot index down six tenths of a cent that responded continuing to push the greenback blow up doll again is a bit weaker as well down three tenths of a percent at a hundred eleven spot five standing gaining two one eighteen the euro also paid at one oh eight but the offshore wind currently down seven tenths of the above sentence seven spot twelve so something to keep an eye on that in the bond market we are seeing benchmark yields turning high at the ten year treasury yield now up two basis points at eighty six basis points ten year bond yield at negative at thirty one ten year gilt yields up three basis points at fifty basis points in commodities gold is coming off its three day rally now down one and seven tenths of percent at one thousand six hundred and five dollars a Troy ounce oil ticking higher WTI up two spots three percent at twenty four dollars a barrel that's a pretty big business flashlight you can guarantee more what's going on around the world Sandra thank you which is the second time in its history New Zealand has declared a state of national emergency as it prepares to go into a nationwide locked from midnight tonight everyone except those deemed to work in essential services will be required to stay tame people can go outside with household members but must observe it to me to distance for anyone else to curb the spread of the coronavirus no presidential yet both in already with aging Brazilians to resume normal life to protect the economy this comes as coronavirus cases swell in Latin America's largest nation define the medical advice of social distancing the president lashed out that state governors who ordered shops and schools to close to slow the spread that threatens the country's health system and India has banned exports sold the malaria drug chloroquine not president trump saying is a potential treatment for K. that nineteen deliveries will be limited to existing orders although certain shipments may be allowed on a case by case basis president trump has vowed to make the medication widely available to fight the virus according the drug game changer label needs twenty four hours a day on it and QuickTake by pulling back by more than twenty seven hundred journalists and analysts symbol then one hundred and twenty countries on the endurance this is playing but of Botha Leon thank you for the last all the latest global news now euro area finance ministers have taken a small step towards a joint rescue package for member states in the last few moments also because Schultz who is the German finance minister has been speaking to the Bundestag in Berlin saying the government's doing everything it can to address the virus for outs but warning they're hard weeks ahead if but we can prevail he says we're focusing on targeted measures that work fast well the Eurogroup president Mario Centeno says the strong support to tap its multi billion euro bailout fund for up to two percent of GDP US as far as the talent he's climbed in Spain and Italy having a two day declining street before moralist let's go live to Brussels with Bloomberg's Maria Tadeo is standing by is this you bailout funds going to happen is it all going to go through as planned well over there that is actually already there that you've demonstrated already ineffectually fully funded the question if I were you would you be able to tap into it there's two issues which is the amount in terms of how big is that going to be or how big could you call when you're ready the what we heard from our content is that it's actually every country that feels the need to get traffic to two percent of their national GDP enter the FM fund and then the second question here is as in any bailout funds usually when you tap into it there's conditionality attached to it ultimately this is still a credit line to our country and this is what's becoming a big issue and at a hearing group level but his third countries the more conservative hawkish voices and I'm thinking not just Germany but also the Dodge who are perhaps grading and even even bigger debate now who suggest any credit have you have conditionality whether this is Justin Pollock at the okay but it needs to be there there's other countries and of course the thing is really that will tell you we're not going to accept that this is also very politically sensitive and actually and if they don't want to do it also because they feel there should be no conditions attached to as a kid but the health emergencies this is not something that is reflective of the Italian fiscal politics or the Italian political situation there was no way anyone could have factored this was going to happen this year and that Italy would be struck the heart I think the name we will snare the asmr yet just to say in these circumstances than given what's going on is it likely do you think that the this will have a big impact I mean we still have the virus things all wrote the virus cases are increasing so either way I suppose that must be the back of the minds of everyone dealing with European economy exactly like the numbers do not look great and we talked about this yesterday there was a lot of mobility said the Italian numbers were about P. now yesterday the number of gas they're actually increase that ended as can gauge consecutive day today decreased but again the bottom line is you two things the European central bank has already stepped in there coming up seven hundred fifty billion euros there's another round of beauty that has the most pressure provided banisters to actually do more which perhaps explains the situation that we had yesterday at a European level the market is really focused on Christine Lagarde is focused on the ECB now going forward is this going to be enough for the European economy will depend on whether we see a huge recession and whether we're able to bounce back from it but again I find it very difficult to even predict any of this because no one has ever been in this situation is totally unprecedented and Europe have gone live down everything shut up for business it's very difficult to predict exactly what happens from here until two months from now on because we may be in a lockdown for all we know yeah absolutely Maria Tadeo in Brussels thank you so much and the data from Europe and the U. S. of course yesterday really that showed that the recession that we're heading for the moment is looking like a services led one rather than a manufacturing issue say Maria that also many unprecedented things either it's hard to predict where we go next in terms of predicting what equity markets goes next that's kind of is anyone's guess as well even though we're seeing green on the screen it.
"mario centeno" Discussed on Bloomberg Radio New York
"The Tokyo Olympics has been postponed until twenty twenty one to to the corona virus pandemic the IOC made the decision after Japanese prime minister Shinzo Ave asked members to postpone the games cheats to make she is taken to combat the nineteenth now it's a Mister Bennigan sixty have become the first championship club to ask that place to take waste if their rules during the corona virus pandemic squad members earning more than six thousand pounds a week since hundreds have been asked to take a fifty percent reduction in that salary for the next four months during county cricket club of often don't that riverside stadium for use by the NHS and the local car so in a bid to support the committee's parcel against corona virus the club house close the doors to the public as well as non essential stop in line with government advice may be off the interface to a safety local services general somewhere with all the latest sports now euro area finance ministers of taking a small step towards a joint rescue package for member states the Eurogroup president Mario Centeno says there's a broad support staff its multi billion euro bailout fund for up to two percent of GDP that's as far as his house his climb in Spain and Italy ending a two day declining streak will for more list let's go to Brussels with Bloomberg's Maria today standing by Maria good morning to you first of all this rescue package is it is it going to happen I mean this is this broad support is it gonna work well we'll find out on Thursday when European leaders once again by a conference at the site where they want to keep you from here but I would think she things based on the Eurogroup if you were hoping that you are going to get anything my car on a bomb you're probably going to be very disappointed this morning you're gonna find the underwhelming and secondly it's now clear that if anything is going to be down to the yes and the bailout fund and the question at this point as the amount I know that the tentative date a two percent of GDP but that is not set in stone at this point and secondly what kind of conditionality to get attached to it and this is actually important but his as in any credit their number there are some countries who would argue there's always a need for conditionality nearly if it's just purely symbolic it have to be there this is the credit line there are some countries of course thinking about Italy that will tell you I am not going to take the political statement that comes with that because this is not something I did to myself this is the health craze that's totally unrelated to us no one could have factored this and we want no conditionality yeah okay but already the data yes at times the PMR eyes to shows the enormity of the slum I mean no surprise given you know the businesses that have closed up shop we get US keep that U. K. P. mice today and also the Germany for business confidence you know the hate to Europe is going to be enormous isn't sets we were denied we already know that and the question is how long the recession or be any that's already given that there will be a recession and how long will it take to bounce back and when you look at the information that we had out of Italy Spain after factor that in Italy particularly have a perfect storm the doctors doctor have been here for all the services and told them and these are industries that actually in the south of Europe are very powerful and secondly I would also point to the words that came out from the French scientific council yesterday which I found were very interesting I was pleased that the actual results from a locked out will only fifteen six weeks after the lockdown started the actually contemplate the measures will stay until the end of April so I know there's a lot of European leaders who looked at that as a fifteen day situation but what we hear from the scientific community and increasingly all countries is that the water will be that that young March all right Maria thanks so much Maria today they live on the line from Brussels with the picture for your potential for support of various kinds but still concerns about the increasing number of cases coming up on daybreak Europe big games of markets across the world despite another varieties in the virus Casey said have we reached peak uncertainty will send more to come we'll be talking to Graham second chief European equity strategist at Morgan Stanley next this is a break here this is I don't do as kids present geico presents another voice mail from your roommate Hey I got some bad news someone broke into our apartment and they took your TV on your.