Fed Injection Postponing Economic Problems, Not Solving: Summers

Fed Injection Postponing Economic Problems, Not Solving: Summers

Lawrence. H. Summers, former U.S. Treasury Secretary, sees the Federal Reserve's latest move as right for the short-run, but sees trouble ahead for economic fundamentals.
Bloomberg
Trump: May Give Airlines Bailout Proposal Over the Weekend

Trump: May Give Airlines Bailout Proposal Over the Weekend

President Donald Trump says he may unveil a bailout proposal for the beleaguered U.S. airline industry over the weekend. Airlines have been frustrated by delays in U.S. aid after being virtually shutdown by the coronavirus. Some of those carriers ...
Bloomberg
United Nations Makes Its Plead for $2.5 Trillion of Aid for Developing Countries

United Nations Makes Its Plead for $2.5 Trillion of Aid for Developing Countries

The United Nations is calling for a $2.5 trillion package for developing countries facing the economic impact from the coronavirus global shutdown. Mukhisa Kituyi, Secretary-General of the UN Conference on Trade & Development, talks with Shery Ahn.
Bloomberg
See 'Healthy Signs', Leadership Rotation in A New Bull Market: Morgan Stanley's Slimmon

See 'Healthy Signs', Leadership Rotation in A New Bull Market: Morgan Stanley's Slimmon

U.S. stocks posted the biggest weekly gain since 1974 as investors looked past staggering jobless numbers when the Federal Reserve released new measures to cushion the fallout from the coronavirus.
Bloomberg
Why Chanos Is 'Bemused' by PE Push for Help and Still Shorting Tesla

Why Chanos Is 'Bemused' by PE Push for Help and Still Shorting Tesla

Legendary short-seller Jim Chanos, Kynikos Associates founder, discusses the state of private markets amid the coronavirus pandemic, why he is still bearish on Tesla Inc. and the sectors he is shorting with Bloomberg's Scarlet Fu and Joe Weisentha...
Bloomberg
Sternlicht Weighs In on Fed's Emergency Measures, Economic Impact of Virus

Sternlicht Weighs In on Fed's Emergency Measures, Economic Impact of Virus

Barry Sternlicht, Starwood Capital Group Management chairman and chief executive officer, discusses the Federal Reserve's emergency policy actions and the impact of the coronavirus pandemic on financial markets with Bloomberg's Erik Schatzker on "...
Bloomberg
Sternlicht Says the Fed Is on the Way to Overstimulating

Sternlicht Says the Fed Is on the Way to Overstimulating

Barry Sternlicht, Starwood Capital Group Management chairman and chief executive officer, cautions that the Federal Reserve's policy actions run the risk of overstimulating the economy and says the market is ahead of itself on the slope of the rec...
Bloomberg
Capsule CEO Expects to Retain Prescription Delivery Customers After Health Crisis

Capsule CEO Expects to Retain Prescription Delivery Customers After Health Crisis

Eric Kinariwala, chief executive officer of direct-to-consumer pharmacy Capsule, believes that pharmacy delivery is here to stay, even after stay-at-home orders are lifted.
Bloomberg
Barings CEO Says Fed Can Only Blunt Inevitable Spike in Defaults

Barings CEO Says Fed Can Only Blunt Inevitable Spike in Defaults

Barings Chief Executive Officer Tom Finke says the Federal Reserve's creativity with monetary policy can only blunt the inevitable credit crunch that will result from the coronavirus pandemic.
Bloomberg
Why The U.S. Can't Import These Life-Saving Masks

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

A limited stockpile and a massive spike in demand led to a critical shortage of 3M N95 masks for American healthcare workers fighting COVI-19. Yet there are a number of alternative masks that America could import, but can't, due to strict federal ...
Bloomberg
Virus Update: Fauci Offers Hope; U.S. Set to Become Mortality Epicenter

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

Anthony Fauci, the top U.S. infectious-disease expert, said the U.S. death toll from the coronavirus pandemic may be smaller than expected, while lockdowns are being extended in Spain, Italy, and the U.K.
Bloomberg
OPEC+ Reach Deal to Cut Output Amid Market Slump

OPEC+ Reach Deal to Cut Output Amid Market Slump

Saudi Arabia and Russia reached an outline for a new output cut deal at the virtual OPEC+ meeting.
Bloomberg