king david hotel in jerusalem i went and i could smell the rotting corpses under the rubble. before i even saw those who say well you got all in poll. who most people would regard as a normal man was pressurised by the position of office to mislead and to to give a false impression i don't know what sort of pressure would make you tell such a plate and lie or better hospital american secretary of state and the exegesis of american states after the foreign policy well he has previous for it i mean this is the man who was in vietnam when he said i saw no evidence of a massacre over my life i was only a paying my oldest now where did we hear that one your one position when you would engage in rating contributing your position ironically as a captive of the taliban had given you an international profile and you had decided even in your journalism to translate that into political activism and that led you directly into party politics because you became not just a member and not just a kind of the convenor of the respect party which was a rising as an antiwar party at that time yes

on the 22nd of july 946 the jewish armed group erdogan bombed the king david hotel in jerusalem. she was deeply affected by the bombing leads her writing in his memoirs. i was the only student who left the center and ministry that. i saw the destruction and the bodies of the 90 english and arab victims i felt unbearable pain. he went back to lebanon where he was ordained a priest in 1982 in the bethulia order of the greek catholic church. he chose the name hilario on after hillary and the greek who lived in 1800 years earlier. you know legal ability to listen to learn your own. cafferty well for the see but this one has for the true hey. i love the. apology we're full of want to be there and who we saw namely fostering me out of it but when you can if this would be a local level and working in asia or whatever you hear that it came in a can i was a welcome into little or if your little one be societal here the so silly motive here was a little. or if you were in missouri you were the can an animal like you would have been. in 1965 with the pointed archbishop of caesar and peachy

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on the 22nd of july 946 the jewish armed group bombed the king david hotel in jerusalem. he was deeply affected by the bombing later writing in his memoirs. i was the only student who left the center and ministry that. i saw the destruction and the bodies the 90 english and arab victims i felt unbearable pain. she went back to lebanon where he was ordained a priest in 1982 in the battalion and order of the greek catholic church. he chose the name hilario on after hill are you in the greek who lived in 1800 years earlier. the oh listen. well flock of sea but this man has for. apology were full of want to be there and who we saw namely follow steamy out of it when he can if this be a local who can in asia want to get your head out of commission can i was a welcome in mikel or if. you know if the one we saw seemed to have the subtle silly motegi or was the shock or if you would be awaken an animal like that would have meant. in 1965 he was appointed archbishop of caesar and peachey arkell vicar of jerusalem. he went to live in jerusalem. well not so. but there keep that room

on the 22nd of july 946 the jewish armed group bombed the king david hotel in jerusalem. she was deeply affected by the bombing later writing in his memoirs. i was the only student who left the center and ministry that. i saw the destruction and the bodies of the 90 english and arab victims i felt unbearable pain. he went back to lebanon where he was ordained a priest in 1982 in the battalion and order of the greek catholic church. he chose the name hilario on after hillary and the greek who lived in gaza 1800 years earlier. you know legal ability the are oh listen we learn your own. cafferty well the see this man has for the true hey. apology we're full steam want to be there and who we saw namely for us the me out of it but when you can if this would be a local level and who can want to get your head out of commission can i was a welcoming michelotto or if your little one be societal had the social silly motegi or was a little shocked or if you were in. maybe you can an animal like you would have known. in 1965 with the pointed archbishop of caesarians and petey arkell

those are the hotels that are having to close because there's no way they can make it. the impact is uneven at this point. >> all right david, we thank you for joining us today for some of the color on that meeting with the the president add well and what's happening in your hotels david kong is the ceo of best western. >>> the federal reserve has been working to stabilize the markets. steve has been speaking to the boston fed president >> good afternoon. the boston fed is in charge of this new money market fund he hopes this new fund will restore the liquidity where businesses put their money and where they have to take them out. that causes the money markets not to be able to fund other businesses that are out there so the fed stepped in boston in charge of that and it opens up on monday here is what else he told me he expects markets to stabilize. it could take a week or two. talking about the credit markets because it takes time for this stuff to work. can't just expect it to happen overnight. he says this backstop should address the dysfunction and he will see significantly more layoffs over nec week or two we also tal

hotel. real mom and pop. david: what was the name of the hotel? stephen: the martinique. you went to high school, you did reasonably well in high school. stephen: not really, but anyway. david: you didn't do -- but you were a football player. stephen: you weren't supposed to -- david: originally you went to the university of florida? stephen: i went there for the first year, then i transferred to the university of michigan. david: you liked the cold weather? why did you do that? stephen: it was always a dream to go to university of michigan and i did not have the grades to get in right out of high school so i was able to transfer from florida up to michigan. it had a real impact on my life and i think that was one of the , reasons why i have been so active with the university of michigan. david: you have given the university of michigan about $400 million? stephen: maybe a little more. david: more than $400 million. has university of florida every said to you, well, you are here for one year why don't you give , us something? stephen: i don't think they know who i am. don

hotel. a real mom and pop thing. david: what was the name of the hotel? stephen: the martinique. ou went to high school in miami? stephen: miami beach. david: you did, i assume, reasonably well in high school? stephen: not really, but anyway. david: you were a football player. you did not have time. stephen: we are not supposed to -- david: you went to the university of florida? stephen: i went there for the first year that i transferred to the university of michigan. david: you like the cold weather better? why did you do that? stephen: it was always a dream to go to university of michigan, and i did not have the grades to get in right out of high school, so i was able to transfer from florida up to michigan. it had a real impact in my life, and i think that was one of the reasons why i was so active with the university of michigan. david: you have given the university of michigan $400 million? stephen: maybe a little more. david: more than $400 million. ok. has university of florida every said to you, you were here for one year, why don't you give us something? [laughter] stephe

hotel? martinique. david: you'ddavid: -- i assume you did reasonably well in high school?tephen: not really. david: you went to the university of florida. stephen: i transferred to the university of michigan. david: why? stephen: it was always a dream to go to the university of michigan and i didn't have the grades right out of high school so i was able to transfer from florida to mash again -- michigan. you have given the university of michigan about $400 million? stephen: more. david: has the university of florida ever said to you "you were here for one year, why don't you give us anything?" [laughter] why don't you give us anything?" [laughter] don't even think they know who i am. david: why did you go to law school? is it because you're jewish? after wayne state law school you went to nyu to get a masters in tax. stephen: yes. david: then you went back to detroit and worked at a tax firm? stephen: i was a tax lawyer. to new yorkyou went in investment banking. stephen: i thought i would go back to detroit eventually but it was like i came home to a place i've never been

hotel? stephen: the martinique. david: you are living in miami beach and you went to high school in miami?tephen: miami beach. david: you did reasonably well in high school? stephen: not really. but anyway. david: you were a football player. you didn't have time. you went to the university of florida. stephen: for the first year and then i transferred to the university of michigan. david: did you like the cold weather? why did you do that? stephen: it was always a dream to go to the university of michigan. i didn't have the grades right after high school so i was able to transfer from florida to michigan. it had a real impact on my life. i think that's one of the reasons why i have been so active with the university of michigan. david: you have given the university of michigan about $400 million. stephen: maybe a little more. david: has the university of florida ever said you were here , when you give us something? [laughter] stephen: i don't think they know who i am. don't tell them. david: then you decided to go to law school. wayne state law school. did you want to be a lawyer? stephen:

david: how about hotels? know there is when you book online, you see something should i buy insurance, and a lot of people say gee, maybe i won't buy insurance because i'm sure i'm going to go, are they waving fees as well if you haven't bought insurance? >> so what happens is if you're booking just the hotel stay that's part of a bigger package then the hotel has its own cancellation policy typically up to 72 hours before you arrive in some cases 6:00 p.m. the day of arrival so rare that you need to worry about that because you have that flexibility, so ii wouldn't concern myself with that in the case of travel insurance unless you have insurance that says cancel for any reason which is a 40% premium on average over baseline , travel insurance, you can't just get your money back because you're afraid to go somewhere, unless the government says it's a level iv, do not travel, then you have the ability and it's typically fulfilled by the actual travel supplier, many cases not technically the insurance company

nick holbert was holed up in a hotel, while a few miles away david marshburn was wide awake, wonderingt tomorrow would be the day that he could finally bring kelli bordeaux home. >> i couldn't sleep that night. marsha couldn't sleep. we were just all excited for the next day. so next day comes. we go pick him up. and he's real quiet. >> reporter: he, of course, was nick holbert who was now back in the forest outside fayetteville. it was may 14, 2014. two years of searching had now come down to this one sweltering spring morning. but holbert still couldn't remember exactly where he had buried kelli's body and went off searching in a different direction. >> we're standing there and i'm like, darn it. i cannot figure this out. all of a sudden i looked over to my left and there's some clearing over here and there's the sun coming down. >> reporter: then in that very same spot, kaz seemed to pick up a scent. >> all of a sudden he starts crawling to it like whimpering crawling. and he stops. that was our spot. >> reporter: they carefully pushed a metal rod into the ground. the soil was loose

david begnaud. >> we're learning there's a hotel in spain where tourists caught it from a tour guide who tested positivehere in the u.s. tony, there are more than 1330 cases. t new york state is imposing what it calls a containment area around the coronavirus cluster in new rochelle. there are no public gatherings that will be allowed in that zone which covers about a three square mile area. at least 108 cases are confirmed in the area. let me take you to california. officials expect to finish removing the passengers from the grand princess cruise ship where 21 cases were detected. most of them are being sent to u.s. military bases for quarantine. that includes a north dakota woman we told you about yesterday. we have an update to her story. kari is battling cancer and missed an appointment yesterday, said the chief health officer said she can come home. they will quarantine her there so she can receive her treatment. she doesn't know how she'll get to north dakota and who will give her permission to leave the base. >> my state officials have been working tirelessly, and i do believe they are. it's just

substantially further than he's gone before david talked about the incidents of 2017 when hundreds of top level figures in the kingdom were gathered together in the ritz carlton hotel including senior royals money was taken from them they were required to pledge their loyalty in the b.d. institute n.b.s. book but at that time prince knight and his son were spared they were thought to have cover because of king solomon what does it say that essentially no one now has any cover. the that's part of the plan in fact that to create a new system based on what we call a vertical process where the ruler goes from father to son then that will start with mohamed bin solomon know his father has given him the throne and then he will do that to his own son so in order to achieve that we need to clean house and strip down the monarchy to a bare minimum to to basically to what we people call asylum on ruling family not and there we've seen that happen for example in jordan in 99 so we have a basically a trend. to ensure power is concentrated to ensure the there is no conflict when you in the eighty's and you know somewhat in the seventy's where power was distributed in different

david: the direction is sensible. the magnitude is always the question. the airlines, the cruise lines, the hotel online booking companies, that makes perfect sense. people are not traveling the way they were even a few weeks ago. does that mean the stops deserve to fall as much as they have? that is the sort of thing investors have to work through. you can say that with a lot of other stocks. does kroger deserve to be up 7%? there you go. vonnie: bloombergs dave wilson with some context. guy: let's look at where european stocks have settled. the cac 40 down 1.5%. of earlier lows but certainly another negative session in europe. in terms of where we have seen the damage done, it has been in the mining sector. we continue to focus on that sector. we have also seen the auto sector continue to come down. .ver on the cac 40, down 1.9% the selling continuing. yesterday feels like an anomaly, political driven anomaly. we will carry on the coverage at the top of the hour and we will do so on bloomberg radio, on dab digital radio in the london area, and around the world and all of your bloomberg devices.

david culver, cnn, shanghai. >>> breaking news out of china, we're learning about breaking news of a collapsed hotel that was usedrantine center. we're told 33 out of 70 people have been rescued from the debris, including an infant. this, as we get new pictures of the damage you see right there. so far, we don't know if there are any fatalities, or why the building collapsed. you can see that small child there being rescued, but we're being told that the infant boy and his parents were found alive, and have been taken to a hospital. >>> up next, the handshake is on hold. americans getting creative, with how they greet each other now. jeanne moos has some of the highlights, next. but first, emanuel bishop is a down syndrome advocate with an ambitious bowl, to inspire young people like himself around the world. in today's human factor, emanuel shows us what's possible when you reach for your potential. here's dr. sanjay gupta. >> at age 22, emanuel bishop is challenging common preconceptions of young men with down's syndrome. >> i'm a violinist. a swimmer. a golfer. >> as a kid, the violin became his first love. >>

david: it is a nationwide statistic. it is indicative of what is going on in a part of american business, jobs in retail, leisure, restaurants, hotel, and traveling, these businesses will see massive layoffs. they have seen massive layoffs. a lot of these workers make well below average wages but they unemploymentfor benefits. -- they can apply for unemployment benefits. they have no model that will estimate these numbers. we are looking from individual states about it but it looks get a million and we will few more weeks of this because many people simply cannot file. the systems are breaking down in states that it will take a while. the next few weeks will be grim on unemployment. published in the last six or eight hours the first good walk-through of this stimulus i have seen, and my major take away is it only gets us out weeks, at the most months. do you and your team assume there will be a whole another round of washington assistance? david: i think there probably will be. for thesort of nyquil social distancing recession because it will not fix the recession, it will dampen down the systems. you will have huge unemployment th

david: it's not just right now getting paper aircraft. it's not clear it will be that of air demand. same problem for hotels and cruise lines.eal tourisme issues. >> even beyond that for the retailers, restaurants, those are some of the worst performing stocks in the s&p 500. you have cities across the u.s. telling people to stay where they are. to malls. going you can see stocks in restaurant quarter. this is after the worse day for the apparel sector ever yesterday. just continues. david: thank you so much for that report on the markets. to a globalponding pandemic. we speak with brock long former fema administrator about the measures u.s. is taking and what more it can do. is bloomberg. ♪ york, this isw "balance of power." president trump on friday declared a national emergency. in doing so, he enlisted the help of fema in responding to the growing crisis caused by the coronavirus. welcome now the former administrator of fema who served under president trump and alabama's emergency management. he now advises on how to handle emergencies. thank you for being with us. good to have you. there is so much fema can do. the pres

i'm well you know david and i we have our house or so we've been looking around like that for housing yeah that absolute. readily believe there's a hotel right next to 2nd to comment was i just heard about that 2 weeks ago yeah we looked and looked and looked and we've disconsolate come up against the door. or find the fellow are you going to get groceries you better get a number of really great you know like a 100 or you know take a bus like that. you're. on the. phone with. a member of. my. belief is going to. thank you very much only i was really a. somebody yeah i think that 320 and 32 going in and. ok. we're. taking her book take them to bring them. down take them according to what end. said to me that means. you're all going to make me right for going without some friends you don't have your kids. and they may have only met one of them when i. think or did you think yes thank you for your service thank you for. your. story. the bloody. shock. i think the biggest shock factor for me is that how many of our young vets not only old vets but our young vets are coming back you know a year removed from military and they're already home

david, can you talk to us about the travel and tourism industri specificallyes? obviously they are being hit hardest by this slowdown. when you look at the hotels cruise lines, etc., that typically depend on people like you and me taking vacation from how much of an effort to you think we are going to see to get those industries back up and running, or are those going to be the ones that are last in line after the more central businesses? avid: it is a little bit of lifeguard, be it the fiscal and monetary stimulus starts to flow -- let's get back in the pool, more tempered laughingstock that--launching stock. you may not be an airline stock just yet, or cruise stock. you think of what i described as the first leg of the trade which is we are restaurants -- where restaurants will be picking up more modest spending. modest spending in hotels like wyndham. further down the road is where you dig deep cyclically. that is much farther off. as a person who pays great heed to valuation, as a investor who wants to find companies with cash flow and dividend growth, i have arguably the best valuation differentials i have seen in at least 20 to 25 years.

i'm well you know david and i we have our house or so we can look around like i'm housing yeah but apps they're going to be readily believe there's a hotel right next to 2nd city comment was i just heard about that to make you know we've looked and looked and looked and we've disconsolate come up against a door. or find hello are you going to get groceries you better get a number of really great new not like a 100 or you know take a bus that. you're. on the. phone with. and then work. out of my. sleep is going to. take very much only i was really a one man somebody yeah i think that 320 and 32 going in and. create a major for a. baby here but take them camping camp. takes them according to. said to me that means. they're all going to make me write or give it up sometimes you don't have your kids . and they may have only met one of them when i. think or did you think yes thank you for your service thank you for. your. story. the bloody. shop. i think the biggest shock factor for me is that how many of our young vets not only old vets but our young vets are coming back you know a year removed from military and they're already homeless and

hotels, tour operators, cruises are way down. david, thanks very much for joining us. stay with us, i need more information about social distancing. i have to move on for now. thank you very much, david. >>> joel mcdowell with us, license the real estate salesperson. it is a good one. i can't see houses selling very well this spring when we're all social distancing. we don't go to maybe open houses for example. is that what you're expecting? >> well, i have to say, in some markets, some agents are saying open house, attendees, the number is down a little bit. i'm not seeing that right now. i have more business than i know -- stuart: what area? >> long island. we're in bidding wars. i just listed a property, that is a great first-time buyer home, i have more appointments for the next few days i can manage. stuart: that is your personal experience? >> yes. stuart: would you dismiss the whole idea this virus and this social distancing is not going to affect the housing market at all, would you go that far? >> i'm going to say i don't think right now it is going to affect

, david enrich writes, they organized get-togethers to connect donald trump and his partners with wealthy clients who used anonymous shell companies to buy blocks of unit in the sprawling waikiki hotelmplex. in both cases, deutsche steered very rich russians into the trump ventures. just a couple years after american regulators had punished the bank for whisking russian money into the u.s. financial system via latvia. david enrich joins us, finance editor of numbs number of times. his new book is "dark towers. "first of all, congratulations on the book. we wanted to talk with you before the crisis. so thank for keeping this date with us. why is this something that robert mueller and sdny did not come up with? >> well, i think in mueller's case, he was focused pretty narrowly at the mandate -- trump had warned very loudly and publicly if mueller started digging into trump's personal finances, that the president would consider that crossing the red line i don't know if that influenced mueller's thinking, but he did not cross that line. sdny had a ongoing investigation, and one of the things i learned during the reporting for this book, the fbi agents who were running that agent have b

david: how do you make choices right now? what you are working on right now for monday, for example, you have various industries at the oak hill -- what the airline hotelsaying we need cash now. on the other hand, the unemployment issue may be the key issue. what is the most critical point to address? sen. braun: first of all, definitely the small businesses and the blue-collar and middle income workers that have been displaced. that needs to be our focus. that is why i was for maybe enhanced limit insurance, but we have 50 different states with 50 different ways to administer that. i still think that needs to be done. when it comes to these larger companies, many have a credit facility. many have cash balances. even those will be stretched if this thing persists into a month, let alone two months. i think part of that will happen in this package because we are not going to be able to pick and choose. it is going to be largely crafted by the folks that are at the table right now, and it won't be one of those that we can be 100% happy with. the urgency is that we get this out, see what happens with it, but be very careful in seven to 10 days that we are

hotel rooms within nine days. >> food kitchens that prepared meals to address hunger are getting demand and expenses. demand because of unemployment and higher costs because donated food has dried up. david is looking at the impact tonight. he is live working from home. david. >> this is a major disruption in how food kitchens operated. now they're having to buy protein and bread in quantity. >> feeding the hungry is a monumental task. the non-profit group hunger at home has about 1 million meals per year. across town, marthas kitchen has 600,000 in years. they're seeing a surge in demand tied to sudden lay offs. some of them are volunteers from the hotel and culinary unions. >> we're talking over 10,000 people that are part of these unions and majority of them have lost it. that's a huge increase. >> each groups are determined to meet the challenge however it's direct out of pocket costs because they're no longer getting donations of surplus food in the kitchens that feed tech workers because they're working at home. >> we have been doing about 12,000 meals a week. right now we're up at about 18,000 meals a week and i would anticipate that it will probably end up -- we'll probably max o

hotels and restaurants are getting laid off in france and new york. that will cost money to support the consumption and services parts of the economy. davidcan they do more? what else can they do? >> you mean, governments? they can do a lot more to central banks are the lender of last resort. we can argue about how efficient lower interest rates are in negative interest rates are, of course, that is legitimate but they can do a lot to help sentiment at the margins. people are saying the steps the fed have taken are having an impact on the repo and the treasury markets in the u.s. leftdo have some efficacy in terms of what they have -- now the government, of course, there has never been a better time to borrow. look at the cost of borrowing around the world, there might be record levels of debt, it is a good time to get out there and spend it where it is needed now. the big question becomes how do you spend it? do you leave another mountain of debt for future generations are do you leave -- these are the big questions. yvonne: love that story you wrote a couple of days ago about the long-lasting effects from the coronavirus, that perhaps w