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tv   Bloomberg Technology  Bloomberg  June 1, 2020 5:00pm-6:00pm EDT

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ask about saving up to $1500 on your installation. to "bloomberg technology." rattle theprotests united states, markets rally, showing the disconnect between wall street and main street. despite some businesses and communities in ruin. go intocurfews will effect in many major cities across the united states in preparation for more passionate
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and at times violent demonstrations and even looting. amazon is changing its delivery routes to adjust and avoid the clashes. apple closing some doors. twitter has changed its bluebird with thesolidarity protesters. a rare virtual walkout at facebook. mark zuckerberg's decision to from presidentt trump suggesting that leaders be shot. earlier today, the president calling out governors saying they need to crackdown more. have been speaking with law enforcement officers, with lawmakers throughout the day on bloomberg television. let's listen to what they had to say. >> i think protesting is only a beginning to allow us to express our pain for over the years.
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it is our calling out to have something done. you cannot legislate away racism. ,> emphasis on quality of life quality of issues, making sure we speak to those issues. residential, recreation, education, economics, and safety. >> there should never be a bad cop on any police department. saying that training has to be improved, it has to be better, more comprehensive. >> we have a crisis on top of a crisis with a side of crisis. we have to continue to extend the help and say that we are going to get to the other side. they: we will talk about market moves first. despite the protests unfolding across the country, despite rising tensions with china, despite lackluster results on vaccine development for covid-19, you are seeing markets
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rally. i want to bring in abigail doolittle. gains for the majors despite all of this, why? abigail: it is pretty extraordinary. i think you are not the only person to be surprised by this. there was some talk over the weekend about whether or not we would see futures down that really was not the case. small fluctuations earlier today. you have investors, traders at this point very much trained by the fed because we once again have a weak dollar, down for a third day in a row. investors are looking past the fundamentals. that is not just economic data of 40 million people losing their job, it is also this horrific and sad backdrop across the country with these in many cases peaceful protests..
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in other cases, you do have the violence and looting. they are giving you the assessment that at least right now it is unlikely to assess -- to affect the outlook here. if there are cases where covid-19 spikes, other physical situations around the protesting, that could affect the u.s. economy. let's hope that does not have where we did see -- not happen. where we did see some of the tensions, the chip sector, many companies including qualcomm, mike ryan, the stocks was down just a little bit including some of those big ship names. names.chip emily: we are in the middle of a health crisis, economic crisis, now a social crisis. how do you see that reflected in
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the market? abigail: it is interesting because we have some of those chip stocks lower. on friday, president trump, sanctions against china, also expecting the repeal of the trade deal. that did not happen. many folks saying president trump more talk to the talk as opposed to walking the walk. mr. trump is retaliating, asking to not the state owned buy from the u.s.. one of the index is comprised of china shares rallying on the day along with china tech up more than 3%. on the year, we do have the nasdaq. the tensions could continue. that has been one of the big drivers of volatility over the last couple of years and it
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seems it is in a stage of re-escalating. abigail doolittle, thank you so much for breaking it down. to dive into these u.s.-china tensions, i want to bring in same-sex, cyber technology -- s, cyber sam sack technology fellow. happening against a backdrop of these violent and passionate protests unfolding across the united states. yet the president saying that the united states should crackdown on the freedom of these protesters. how do you imagine this is all being viewed by beijing? leaptbeijing is really all over this, saying, how can
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you have a president talking about the national guard shooting protesters in minneapolis when we have not even deployed the pla in hong kong? imagine how that would be seen by u.s. media if the pla was deployed in hong kong. president trump taking steps that could be quite traumatic if he follows through. samm: he does. it is not just governments like china pointing out the paradox. around the world, democracies and autocracies alike are saying that the u.s. has a democratic crisis at home. we should be able to hold companies like beijing accountable. it certainly weakens our
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standing at the moment. emily: chinese government officials have told state run agricultural companies to pause purchases of u.s. farm goods including soybeans. what does this mean for the u.s. economy and what does this mean for the u.s.-china tensions? less i think it is a lot than they could have done. last week, the chinese government threatened to roll out the unreliable entities list. is it coulduld do force companies relying on the revenue from china to face harsh penalties. they have not done that yet. waiting to see, how will beijing retaliate against a spate of measures coming out in the united states? so far, there are threats.
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let's see if there are just luster or not -- if they are just bluster or not. emily: president trump taking steps of tightening restrictions on huawei, potential deleveraging of companies listed in the united states, visa restrictions. samm: there is a holland going on. i think that the actions against huawei and the bill that would compel chinese companies to delist from u.s. stock exchanges, the things to watch. with huawei, they said, if you are a foreign supplier of huawei, and you use u.s. components, whether it is semiconductor manufacturing equipment or software, you now have to have a license to sell to allow a.
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-- to sell to huawei. it cuts to the heart of huawei's ability to be self-reliant. they cannot survive without their vendors around the world that are also dependent on the u.s. the threat to delist chinese firms is called the holding foreign companies accountable act. this says that chinese companies will have to certify that they are not in control of a chinese government. what that could mean, you can see companies like alibaba, baidu, also delist from u.s. stock exchanges if this comes to pass. emily: all of this coming against the backdrop of a pandemic. president trump explained china for the coronavirus, from his handling of the coronavirus.
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similar accusations coming out of beijing against the united states. outcould all of this play in an election year for president trump? samm: if you are trump looking have election year and you 100,000 u.s. lives, plus an economy back to levels not seen since the great depression, what do you do? you blame china. particularly in swing states, purple states, the trump administration is really relying on the health of the economy to be a boon, to get over at the margins to win this election. now, you have to blame china. this catastrophe is on your hands. sacks of new
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america, thank you so much. for more as we prepare protests, potentially violent protests here the united states, we will be speaking with a u.s. congressman of new york coming up. ♪
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emily: welcome back to "bloomberg technology." a healthplunged into and economic crisis, now eight social crisis as well. lawmakers have been reacting to
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the protest we have seen across the country following the death of george floyd at the hands of police. to get more on that, i want to gregory congressman meeks. he represents the fifth district of new york, which includes parts of queens and long island. first of all, what are your thoughts on the current situation. what is the way forward for this nation? rep. meeks: i think the voices have really spoken for themselves, that we need criminal justice reform, how we and some of the disparity that covid-19 has shown in black and brown communities, something that the congressional black caucus, congressional hispanic caucus, has been talking about for years. get something that could be
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equitable as far as justice. something i have been dealing with all of my life. emily: there will now be a curfew in new york city tonight starting at 11:00 p.m. until nine at -- until 5:00 a.m. what is your message to law enforcement and to the protesters? one,meeks: number overwhelmingly, those individuals who have been protesting have been nonviolent and peaceful in the demonstration. i have been myself arrested at times for peaceful demonstration. throwing molotov cocktails, but things on fire, anything of that nature. that takes away from the message. but the message needs to be loud and clear.
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the kind of killing that took place of george floyd that took place at the hands of four minneapolis police officers has to stop. we have seen our share of this in new york. that is what the message has to be. what took place in my district yesterday, it was a demonstration, a protest in the middle of my district yesterday. as the protesters came toward the precinct, many, just about all, led by the commanding officer of the precinct and others, they took a kaepernick knee in recognition of what the issues were that the protesters were coming about. as a result of that as opposed to a confrontation and no acknowledgment of what took place, the wrong that has taken place with mr. floyd's case,
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many others, aubrey in georgia, -- many others, the protest the protesters appreciated it and tears broke out. i think that recognition needs to also come from the police department. you do not sit silently when you know that there was a wrong that was committed by someone who happened to where a law enforcement uniform like you. that is one of the first steps, no blue wall of silence, no hiding behind the so-called brotherhood of police. when you see and you know that someone has done something wrong , that violence cannot continue. in the end, we cannot remember the bad language, but the silence of our friends. dr. king, aentioned
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stark reminder that so many issues, so many things have not changed when it comes to racism and racial injustice in this country. one thing that has changed is technology. commentary being shared across social media, the proof for social justice and also at times the gasoline if these moments are shared without context. what has been your impression of how the information has spread across social media? we. meeks: the key is that need to focus on what caused the protest the beginning. there are individuals who are there or not interested in protest at all. some are there to take advantage of the situation. for example, what we saw in minnesota. the individuals
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arrested were not from minnesota. in georgia, a large number of those individuals were not from atlanta, georgia. you saw those were from atlanta georgia coming out the next day, understanding the need for peaceful protest, and cleaning up their city. what some people would like to do, like the president of the united states, is to move the focus off of what was the root cause of what the problems are. where the majority of people are protesting and saying, enough is enough. i think that is where the focus must continue and remain. emily: meantime, you have got twitter putting a warning on president trump's tweet, suggesting that looters be shot. you have facebook leaving up the president's post, saying that
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facebook should not be arbiter of truth. who is right? which company is right in terms handle the president's remarks? rep. meeks: i can tell you who wrong. the president of the united states. two. absolutely correct, that the president's statements are there to ignite, not to bring together. i want us to come together. we need police departments and police officers working people and protest. we need to change where the barriers are in communities of color that we have seen, the type of language the president is using accelerates a fight and violence, not puts it out. clearly, the person who is in the wrong is the president of
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the united states. emily: that said, should facebook then be taking more responsibility for what the president is saying on their platform? be taking stronger censorship?is that rep. meeks: if you go into a theater and shout, "fire, fire, not yourat is constitutional right to free speech. that is what the president is doing. so i don't think that is a violation of free speech. if you want to talk about it, then you should talk and allow those words to stand. you should also say something explicit about what the statements are, that many of his statements are not accurate. so don't leave it out there
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that individuals think that what he is saying is accurate, number one. because many people look at that itedia and think is the truth. what this president has been doing for the past three years media to getal around a press that is accurately depicting his actions. and trying to utilize it, stories that most people would ordinarily not pay attention to because the regular media would not be reporting it, and if they , they would beit reporting the facts. emily: meantime, the president has signed this executive order
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trying to curb the power of media. what do you think vice president biden should be doing here in terms of picking a vp? do you have an opinion of what kind of person or who can join his ticket and put up a fight? rep. meeks: obviously, i would love to see an african-american woman. , the president has some great candidates to choose from. i reserve that right to the president -- to the vice president, as all other candidates have had the opportunity to choose a running mate. absolutely enthused, after , that his president
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first pick for the supreme court be an african-american woman. that is essential with the issues we are dealing with today. that eveniewers also before the 1964, 1965 voting rights and civil rights bills, it was the supreme court that theted making decisions in 1950's, to end what was jim crow rules and regulations. it is supreme court appointees and appointees in the federal court that will outlast any president. with the supreme court that in the gym grow rules over 100 years before that. crow rulesthe jim 100 years before that. 100 years before it was finally
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overruled by the supreme court. that is really what is at stake in this election. i am absolutely enthused by his decision to make sure that the next appointee, when he becomes president, will be in african -- will be an african-american woman. emily: you have the bayer of atlanta urging protesters -- the mayor of atlanta urging protesters to go home. what is your quick message to americans tonight? rep. meeks: let's come together. we have seen with our own eyes what to place in minnesota when clearly mr. george floyd was murdered. when you look at the chokehold that was put on him and the other three officers were co-conspirators. but we need to come together as a nation. this is the greatest nation ever seen, if we come together. emily: come together for said it
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well. new york, richmond gregory meeks -- new york congressman gregory meeks, thank you. walkout ina virtual response to the company policy on the president's posts. this is bloomberg. ♪ you say that customers make their own rules.
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emily: welcome back to bloomberg technology. senior facebook employees are criticizing the decision made by mark zuckerberg not to label or fact-check president trump's post suggesting that looters be shot. bloomberg'sow, sarah frier who covers social media for us. to my knowledge, there hasn't been a virtual walkout or a walk out of any kind of facebook employees, has there? how big a deal is this? sarah: this is a really big deal. this is a company that has been through years of controversy
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since the 2016 presidential election. this is the first time we have really seen current employees -- we have seen former employees, but these are current employees risking their jobs to come out and talk about their disagreement with facebook's decision here. what's also interesting is that facebook is saying go ahead. we will even let you walk out without using your vacation days. we will support your right to protest your decision, which i think is trying to take some steam out of it. i don't know if that is going to work, people are pretty upset. emily: some of the tweets, ironically, these facebook employees are tweeting their discontent. saying i am not proud how we are showing up. the majority of coworkers i have spoken to feel the same way. how many people are participating in this virtual walkout? how widespread is it? sarah: it has been really hard to get a full sense, because a
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lot of these employees are working virtually, but there's no list of them. i have seen a couple dozen tweets, which goes to show it is not just the people who are speaking publicly. it is the people that are amplifying those voices. at entire engineering team facebook that works on the user interface has walked out. several senior designers have walked out. this is a pretty broad-based message. i have really never seen anything like this from this company. mark zuckerberg has sort of doubled down on his decision. he has come out and explained why he came to this decision. we've also heard reportedly that he had a call with president trump the end of last week. what do we know about that and
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how does it compare to the way the decisions are being made at twitter? because there are recordings, because jack dorsey of twitter made it more of a collaborative conclusion and ultimately deciding to put that warning label on president trump's tweet. it was not just jack dorsey making that decision in a vacuum, but it decision effectively made by a team. sarah: so, zuckerberg did have a call with trump on friday. according to our sources, trump called him, which is pretty rare. they have not talked very often. the last time i remember them doing so is when they have dinner organized by board member peter thiel. trump called zuckerberg and zuckerberg tells him he is disappointed in the tone, rhetoric of the post. and he is putting facebook in a difficult position. there was no sort of transparency into what else was said.
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and a lot of employees have told me that they are concerned about that. about whether each time facebook has to deal with a tweet -- sorry, facebook post from trump that they are concerned about, they will go by it softly. they will go to the white house and talk to the white house. or as you mentioned with dorsey, he is talking to his team, deliberating with them. we have not heard about a twitter deliberation with the white house. emily: that said, to be fair, jack dorsey has met with president trump the past. talk to us about how twitter is going to approach -- they will have to make several difficult decisions as long as the president keeps tweeting towards election day. now that twitter has taken this stance, it is likely they will have to take it again. what is the process in place for that? sarah: both companies are going
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to have to be consistent with whatever they decide today or change it and cause it to have another flurry of questioning. it is going to be very difficult for twitter to be as aggressive as they have been in the last week with trump's tweets because it takes a lot of manpower to decide those things. for facebook, they are planning to have a call with the white house every time trump says something that gets close to the line, that is going to be very difficult for them too. i think this is only going to get more heated in the run-up to the election, when you have violence, coronavirus, health misinformation. you have the normal months tweeting politicians even more escalated in this election because so much of the discussion is going to be on the internet because we will not have these big rallies we had in 2016. we are going to see this really heat up. it is really interesting to see all of this percolate now for
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the companies. and they are going to have to do something. facebook is going to have to address its employees concerns. they do plan to have a companywide meeting tomorrow where zuckerberg is going to address questions. i hope he opens it up to the public as he has in the past, but if not, we will be reporting on it. emily: all right, we will look forward to your report on that. bloomberg's sarah frier, thank you for that update. discussed, the country still in the middle of a health crisis. with these protests happening, there are fresh concerns about new outbreaks of covid-19. earlier today, we spoke with the johns hopkins school of public health vice dean about the latest insight on the virus, particularly when it comes to transmission and children. take a listen. >> we know that kids are less likely to get severe disease immediately. they may be less likely to get
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sick in the first place. there is no evidence that kids have far fewer of the receptors that bind the coronavirus than adults do. at the same time we are becoming aware of this rare inflammatory condition that can happen a few weeks after infection that can be quite severe and even cause death. it looks like it is a generally speaking mild disease, but there is a rare risk of a very severe complications. schools that open have to be careful. they can't look like school did before the pandemic. they have to separate out the classes, keep kids in smaller groups of other kids. probablyeachers and prepare for a combination of online and in person learning. >> even if children don't actually get sick themselves, can they transmit the disease? i have seen various reports saying it is more difficult to transmit it.
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saying they transmit it just like adults. >> they definitely can transmit it. it may be less frequently transmitted than adults because they are less likely to be coughing and sneezing and really sick. but they definitely can transmit it. you have to imagine there are some families of very foldable people at home that will be very nervous. that is understandable. i think most places are going to be offering an online option in that case. same for teachers who may be particularly vulnerable. teachers of chronic illness it may not be a good idea for them to you the first to return to the classroom. >> is this a blood vessel disease or respiratory disease? >> there's increasing evidence that the virus can invade the blood vessels, the same receptors as talked about before exists on the cells that line the blood vessels. when those cells get disrupted, you get change in the environment of the blood and
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that can cause clotting. we know that clotting is a major problem with coronavirus disease. that is both big clots, which can clog catheters, and little clots that can cause the purple toe and other kinds of adverse problems, including heart attacks potentially and strokes. stein, joshua sharf the vice dean of the johns hopkins bloomberg school of public health, which is supported by michael bloomberg, the founder of bloomberg lp. coming up, we will talk about the pentagon and listing a company to defend itself against the coronavirus. we will hear from the ceo of a company that makes thermal cameras next. this is bloomberg. ♪
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emily: everyone is vulnerable to covid-19 and that includes the headquarters of the u.s. department of defense. the pentagon is now working with flir, a solutions company to install thermal imaging cameras in its building 2 scan visitors further temperatures. joining us to discuss, flir ceo james cannon. tell us about this work you are doing with the pentagon. james: sure. for the better part of 17 years, we have experienced deploy our technology to screen for folks that may have elevated skin temperatures carrying a virus beginning with the sars outbreak. when we were asked to work with the pentagon to install at
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the visitor sai building -- helping to have a screening technology to make them safe is something we are really proud to be a part of. emily: talk to us about how the technology works and what separates it from other body temperature detectors. james: yeah, so we have pioneered infrared technology in our name stands for forward-looking infrared. everything radiates heat. our cameras cannot just see it, but quantified it. like all technology, there is a limitations. just because you have an elevated skin temperature does not mean you are infected but it's a great first step. how it works simply is you present yourself, you look at the camera. it takes a very quick reading of your tear duct in a very sensitive detector can determine if you have a fever. emily: talk to us about where
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placeour equipment is in or could be in place. i mean, airports, hospitals, schools. james: yeah, so our history in doing this largely was in the asia-pacific region with sars and h1n1, etc. the main application would be at ports and borders. screening travelers as they come in through an airport that could have a fever. then if they are detected to have elevated skin temperatures, they will go on to secondary screening. again, it doesn't mean you are infected because your skin temperature is elevated. with this pandemic, we have seen demands from all sorts of sectors, as you can imagine. earlier in the month, we announced a partnership with general motors, for example. work,as they returned to they want to screen all their workers as they enter the factories and facilities. about what to us
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other agencies or what other companies you might work with. think about a company like amazon which has been struggling to continue deliveries, but make sure its own workers are social distancing. they have had several outbreaks and warehouses across the country. can we see you working with a private company like amazon? james: amazon has adopted thermal screening technology. while we are not liberty to name a lot of the customers out side of those that given us authorizations, for example, emirates airlines was one of the first airlines to adopt our technology to identify passengers as they board aircraft. this has really been unprecedented. in the past, our typical customer would be an airport authority or such, but we have seen inquiries from preschools, hospital networks, other government agencies, certainly from those kinds of industries that are essential that people have to go into factories or
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distribution centers to keep our economy moving. way tool, if used the right -- all technology has limitations -- can be a very effective tool to screening individuals that could potentially be carrying the virus. emily: all right, fascinating stuff. james cannon, the ceo of flir, thank you for joining us. ok, still ahead, mission accomplished. a historic voyage into space. spacex launches two astronauts successfully into the final frontier. we will speak to another astronaut about that mission, coming up. this is bloomberg. ♪
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>> 3, 2, 1, 0. ignition. lift off of the falcon 9. ♪ emily: it finally happened. after 18 years, after multiple launches bringing commercial satellites, restocking supplies for the international space station, and even a test run, spacex has sent two human astronauts into space. a flight that hit speeds of 17,000 miles per hour as the two astronauts docked at the international space station the next day, embracing their new roommates. marking the start of a new era for humans traveling to the final frontier. >> it is the beginning of a whole new age. a golden age of spaceflight. after this mission is over, you can use the same rocket, same spacecraft. emily: those ordinary citizens
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that will take the interest of the rides with the likes of spacex or blue origin or virgin galactic or boeing, working on its star liner. six years ago, nasa kicked off a new space race. awarding $3.1 billion to spacex and $4.8 billion to boeing in hopes of getting humans back to space travel. hoping to end america's reliance on russian soyuz rockets used to launch astronaut since the last launch. >> it is a huge milestone for nasa, it is a huge milestone for spacex. they are already working on a much bigger rocke. t. this a lot of exciting things to come. emily: a milestone that may one day fill elon musk's original vision for spacex. turning the human race into a spacefaring risk. emily chang, bloomberg. welcome back.
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moving on to the eu. earlier today, the eu's antitrust chief spoke on bloomberg television about various battles. an issue they are dealing with there. let's take a listen. >> potential for distortion is much bigger when you renter into recapitalization, which is why it is attached in the airline industries are much more serious. bonuses are cut for senior management. there is no share buyback program. potential distortions of competition as such in the market will have to be dealt with. >> how do you perceive then the businesses will pay back the bailouts, the loans? what is the vision you have of how they will pay these huge billion dollar loans back over the years? >> don't know as does anyone
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else how the airline industry will develop. i think we will see a lot of innovation in that industry. but to get people back to flying but also to green the entire industry. obviously, they will come into the recovery with debt. the foundation comes into the picture. that obviously will strengthen some companies when they have stayed on board with capital. this is why we need to introduce also remedies to the distortion of competition in the louvre thumbs a case. stocks being made available in frank for an munich. >> should the deal be seen as a r remedies to aid cases with equities involved? >> that goes without saying because we have an obligation. case is the first case
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of recapitalization. if the case is more than 250 million euros in order to look into whether or not competition is distorted. if it is a company with market power. eu antitrust chief there margaret ves speaking earlier about airplanes. now back to space travel. the two astronauts landed on the international space station over the weekend. joining us to discuss, another nasa astronaut mike fincke was a test pilot on the very first star liner flight. he has spent 381 days in space. mike, got to get your space cred in there. first of all, this was obviously a historic mission.
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i have several children. my seven-year-old son is dying to know what are the astronauts doing no? what is going through their heads? mike: emily, great to be on with you. i used to be one of those seven-year-old kids and wanting to be an astronaut. i was very lucky with a lot of hard work and we are building a future where young kids can grow up to be astronauts, boys and girls of all shapes and sizes. we will be able to have a lot of really cool business opportunities in space. doug were up there, first time out of playing with the russians and soyuz. we have a deal with u.s. government having a contract with the private space company for transportation to space. bob and doug will be aboard the international space station for the next one to four months. we are still fixing how much time we need them up there and how the star liner is holding up
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in its maiden voyage to space -- sory, the crew dragon. we will see how it goes. they will be up on board and they will do some fantastic science. they are talking about sending bob out with chris cassidy. they will maybe do some spacewalks together. this is an exciting time. we need their help for all the time it takes to do science aboard the space station. in the meantime, they did a test flight of a brand-new spaceship. how cool is that? emily: that is incredibly cool. you are going to be doing the very same thing they just did on boeing's version of the spacecraft, the star liner. how is that going and what is going through your mind as you prepare for this mission? we have about a minute left. myself, weew and carefully watched bob and doug and all the things they had to do. we are in a similar mission, similar mission profile. similar launchpad.
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we will just be down the coast, maybe two miles flying on a different rocket. we will be launching on the atlas v. we are looking forward to our turn. boeing has been working really hard and building our spacecraft and testing it out. we are in the middle of ground testing now. we are hoping to do an uncrewed test light later this year to repeat better than we did last year. then maybe at the end of this year or early next year, we can get on board and go to the space station just like bob and doug. emily: i am going to go outside after this and talk to my seven-year-old about what you just said who is watching right now. mike fincke of nasa, good luck as you prepare for your own mission, and thank you so much for stopping by. mike: wishing them a great
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opportunity for the future. emily: thank you. thank you. so much fun to watch. mike fincke of nasa. that does it for this edition of bloomberg technology. we will see you back here tomorrow. ♪
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♪ >> good evening from bloomberg world headquarters. i'm shery ahn in new york. haidi: i'm haidi stroud-watts in sydney. welcome to daybreak australia. these are your top stories. cities across america face another night of curfew as protests rage on. president trump slams local leaders for being weak, saying they must dominate the streets. as newocks rises u.s.-china tensions and

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