beijing trying to seize control of hna group. this is the biggest depth so far in containing the coronavirus. this is bloomberg. ♪ mark: standing outside his family home in chicago today, former illinois governor rod global image thanked -- rob global eviction thanks president trump. he was released yesterday after serving eight years of a 14 year sentence for corruption. >> we want to express our most profound and everlasting gratitude to president trump. how do you properly think someone who gave you the freedom stolen from you? he didn't have to do this. the republican president. i was a democratic governor. this does not help his politics. president trump has a kind heart. this is an act of kindness. i believe it is the beginning of the process to turn an injustice into a justice. mark: blue going event was convicted in 2011 of trying to auction off the u.s. senate seat left vacant when barack julian assange's lawyers told a london courtce that president trump was prepared to offer the wikileaks founder a pardon if he agree

hna airline assets may be sold off to local players as part of this deal. seemingly, the pivot for the group back in november to focus more on tourism and travel related business is certainly taking a hit, given the impact on china travel. as for the broader airline industry, china is reportedly considering measures to support the aviation sector such as direct cash infusion and perhaps mergers. when it comes to the wider saying that itc is calling for a rational view when it comes to the economic impacts from the outbreak, saying it will be short-lived and limited in terms of time and scope, and the central bank is planning to roll out more measures to promote consumption and investment. uy: we are just showing , suffering for demand out of china. how long is it going to take for chinese consumers to get back into stores? we see macau opening, or reopening. what is the story on the streets in some of those key retail areas? sophie: there may be some hesitation on the part of chinese residents to go back out and flock to stores, even as we are seeing some b

hna has been selling off assets after a global buying spree left it heavily indebted. inflationary pressures may be building in the u.s. moreproducer prices rose than forecast last month, up 1.7% from a year earlier. energy.ludes food and almost all of the increase was due to the cost of services. imf is protecting a rebound in global growth despite the coronavirus outbreak. the fund says the global economy appears to be bottoming out. still, it says that risks include the virus and trade tensions. is criticizing the european union for efforts to aun -- enforce a un arms embargo. iny say they're interfering a dispute where they have no authority. the country is now split between rival governments. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. vonnie: thank you. the u.s. department of justice has selected a top federal prosecutor in brooklyn to vet and manage all ukraine related efforts in the wake of president trump's impeachment over

said to be nearing a takeover of the hna group. shery: we will have aussie jobs data this hour with the rising labor force participation posing a puzzle for the rba. some of asia's major markets have opened for trade including japan and south korea. here is sarah ponczek. sarah: the optimistic tone we saw in europe and the u.s. trading session is speeding over. the nikkei 225 had been stuck trading in a range between its 50 day and 100 day moving average. more than 1% at the open. the topic extending the gains we saw yesterday after seven days of losses. seeing a nice rebound in japanese equities. we see the japanese yen having a little higher versus the dollar. this comes after a brutal session on wednesday in which we had seen the yen having its worst day in three years versus the u.s. dollar trading above 111 for the first time since may nine months ago. , yieldingb yields negative three basis points. south korea does come online. yesterday, we saw the kospi underperform as we heard of new coronavirus cases. today also seeing a

hna may be seized by the government of hainan province. paul: let's check in on how the chinese equity markets are trading. really carrying the torch for the region. the shanghai composite up 0.5%. it appears that coronavirus cases in china may be stabilizing. we will talk about malaysian stock market. this is bloomberg. ♪ theor: you are looking at lion city, almost 11:30, the msci among those down, 7/10 of 1%. equities are more on an optimistic footing. not good news for the lion city. take a look at where this thing the dollar is right now, gaining for a third day, -- where the singh dollar. the 10-year yield falling to the lowest since 2013. for now, let's get our first word headlines with su keenan in new york. su: all right, thank you, has. i will start with the latest figures on the coronavirus. a definite number of new deaths and a continued lower trend for the number of new cases in china. additional infections on wednesday, up slightly from tuesday. there were also 29 deaths, compared to 52 the day before. the total number of ca

. >> a bloomberg exclusive, china planning on taking over hna group and selling off its core airline assets pretty latest example of how president xi's government is stepping in to contain the economic fallout from coronavirus. >> the company has been on a mission to turn around its fortune as it has seen its debt pile grow and cash pile shrinking. its latest pivot to focus on aviation has seemingly backfired. potentially tomorrow we could hear whether the government will indeed go through with its takeover of hna group. and china is reportedly managers --ng other measures to bolster the aviation industry, including mergers and an aid package. >> it is all about apple and the big guidance warning that he gave, that knocked the market down a little. but of course, all is forgiven today. and it looks like we are heading for another record on the s&p 500 index, another record on the nasdaq. and the nasdaq >> a lot of that, 100. as we have been saying, china might take measures to support the economy. that could include bailouts for hard-hit industries. that has really been a recipe for

potentially tomorrow we could hear whether the government will indeed go through with its group -- hna and a group. and china is reportedly considering other measures to bolster the a/v nation it -- aviation industry including mergers and an aid package. >> it is all about apple and the big guidance warning that he gave, that knocked the market down a little. but all is forgiven today. looks like we are headed for another record on the s&p 500 index, another record on the nasdaq. >> a lot of that, as we have been saying, china might take measures to support the economy. that could include bailouts for hard-hit industries. it is a recipe for risk appetite. ♪ has named ralph hamers as -- ralph its new ceo. hamers will take over november 1. it is a surprising pick for the world's largest wealth manager. last month ubs cut financial targets for the second time in as many years. what you think of ralph hamers as the new boss? anti-amoti. he is more in retail banking and a mati was the investment banker amoti was the investment banker. the timing is a surprise. buyorgan stanley agreed to e

now to a bloomberg exclusive, china planning on taking over hna group and selling off its core airline assets. it is the latest example of how president xi's government is stepping in to contain the economic fallout from coronavirus. >> the company has been on a mission to turn around its fortune as it has seen its debt pile grow and cash pile shrinking. its latest pivot to focus on aviation has seemingly backfired. potentially tomorrow we could hear whether the government will indeed go through with its takeover of hna group. and china is reportedly is considering other measures to bolster the aviation industry, including mergers and an aid package. -- and a bail package. romaine: another interesting day. it is all about apple and the big guidance warning that he gave, that knocked the market down a little. but of course, all is forgiven today. and it looks like we are heading for another record on the s&p 500 index, another record on the nasdaq. and the nasdaq 100. >> a lot of that, as we have been saying, china might take measures to support the economy. that could include bailouts

over hna be taking now. does it make sense to see consolidation in the industry? >> the government is taking measures to help the airline that is impacted by this virus, so you mentioned the chinese government. i would like to mention the singaporean government, which will pump money into the industry by reducing costs. we are urging governments in the asia-pacific region to take similar measures , but that is y our industry, but entertainment, leisure, hotels, tours, which are heavily impacted by the drop in traffic. >> china's aviation industry was supposed to pass the u.s. this nowde, will this be put off ? will this be delayed? >> if we look at the profile in the past, sars, you have a significant drop in traffic. and a few months after an , so if things are , we should see a recovery during 2020, so asia .hould come back i was speaking to the ceo of airlines.t -- qantas what would you advise to other airlines across asia? >> it is airline by airline whether they can reduce and the degree of flexibility the regulation allows. not enough not experienced enough

we saw another one with the hna case, the airline which is taken on so much debt and then got slammed when travel stopped. now there are reports that the government might have to come in and take them into administration. clearly there is a huge amount of stress. problem,s a short-term problem or even a q1 and q2 problem, the policymakers will have the space and the determination to keep it under control, to keep unemployment from rising, businesses from suffering defaults that hit the banks. where i would be concerned would be on the disease front, if this outbreak does not come under control, if it goes global and china does not just have to worry about its own problems but also a kind of spell back elsewhere, that is when i think we will see the capacity to manage these stresses really tested. , is do we have any idea this demand referred or destroyed? sarsr experiences from the outbreak is that the part of the economy which it's clobbered is the services sector. people do not travel, don't shop, don't go to restaurants. and for that reason i think a lot of the demand here is just

the shopping in chiba hna even online has been deterred. >>> we're going to have a trial at the university of nebraska medical center for a drug. >> which is not a cure, but is a -- right, an antiviral that would -- it's helpful with the fluids with the flu. >> these things are all happening at lightning speed. i'm so used to the other way, which is that we got to do four years of study, it's not happening. it's good. >> we'll get cramer's mad dash, got to get to home depot, t cy's, mastercard, expedia, a loof news. take a look. futures. "squawk on the street" is back in a moment. which of your devices are protected by daily security updates? daily security updates... daily? i don't know. the only thing... i'm struggling with this. some providers you have to manually download updates to each device. comcast business securityedge updates every 10 minutes to help keep your connected devices protected against new ransomware, malware and phishing threats. every 10 minutes feels pretty good. get secure, reliable internet and voice for an amazing price. call today. comcast business. beyond fast.

china has agreed to take over hna and sell assets, the most dramatic step yet to contain the deepening economic damage due to coronavirus. bloomberg learns the move came after the company has not met its financial allegations. an official announcement could come as soon as today. we end with airbus. slash almost 7% of its workforce, a limiting 2300 jobs by the end of 2021. this base unit has about 35,000 staff. the number of new cases in china drops. international companies are rushing to -- here with the details is dani burger. dani: it seems like we get a new company each day talking about the coronavirus. let's quantify this, not just look at individual companies, but the whole. speaking about companies that mentioned the virus in their earnings call, and this number represents about $9 trillion of market cap, companies saying things about the virus on the call. this yellow bar by far the majority. 56% said they are monitoring, but it is too early to tell about the exact impact. an additional 26% say there will be an impact, but the impact will be limited. a smaller 5%, the top of t