tom coburn. in one of my earliest conversation with him i said who among your or my colleagues should we go about trying to get involved? and he gave us three names, and two of those three names are joni ernst and ron johnson. we are grateful, but i also want you, your honor the legacy of dr. coburn on your participation today. joni, senator ernst, but start with you. open comments. senator johnson will then go to you and opened up for questions if this time are many. thanks for joining us. [inaudible] >> -- a great champion and a wonderful college to work on these issues. just starting of course -- you mentioned senator coburn because you really did pave the way when it came to waste cutting efforts within our federal government. he was great support of the commissioner and so we do want to honor him for that. he's been an inspiration for so many of us. but i know several of you will remember that when i first ran for office i did that make a squeal sound. this is not easy. [inaudible] in the sw

i'm chris coburn berlin welcome to the program it is the biggest economic rescue package and german post-war history and it's intended to make a big splash 130000000000 euros meant to repair some of the devastation the virus pandemic has caused and europe's biggest economy the plan has been welcomed by e.u. leaders as a key part of the blocks recovery efforts. as europe's biggest economic engine the pressure was on germany to deliver economic stimulus to speed the e.u.'s recovery from the coronavirus pandemic chancellor angela merkel's ruling coalition delivered a bumper package that includes temporary tax cuts handouts to families and investment in green transport technologies. to a plucky so we have an economic stimulus package a package for the future and of course in addition to that which we're now less concerned with our responsibility for europe and the international dimension. in brussels economy minister pollo gentle only said he was pleased germany was finally using its fiscal space to boost spending europe's other economic driver is france finance minister bruno lemaire hailed ger

patients that are in rehabilitation and at our peak we had 90 of those patients patients just with coburn disease they have said before it wired if you think i think that that's a program exercise strengthening conditioning and tending to all of the various needs that they have rights and you've said before that there needs to be a greater awareness that i think spirits of patients after they've had come from 19 i think longer term health impacts being under reporting to you thank. well i think with the drama of the very very severe illness that cone can cause a lot of people are very caught up with the mortalities but i think that unfortunately we haven't focused on the survivors as much because the patients are maybe one or 2 percent they actually have to tally and 5 or 6 percent end up in the emergency room and then in intubated the i.c.u. those patients many of them are survivors but they do this long term realization and that hasn't been the focus yet although i think mouse starting now some more attention is coming to this professor matthew vital thanks so much for your insights oh

is essentially a 20 day period when sales are so high they can make or break a business this year coburn 1000 forced many stores to remain closed and the ever important holiday season sales bump never happened despite the warnings from health experts that relaxing control measures that took weeks to implement elevated the risk of a 2nd outbreak senior government leaders shifted focus from saving lives to saving the economy. one month in even as iran approached the peak of the viral outbreak in the country traffic jams were a common sight once again and much of the population was back to business as usual iran's economy was shrinking even before the covert 19 pandemic made things worse since the outbreak to stay healthy businesses here have had to take extraordinary measures. more than 83000000 people live in iran one of the most sanctioned countries in the world domestic brands dominate this big consumer market and how well the to her own stock exchange has been doing in recent years is something that challenges conventional thinking about iran's economy check out of the quality of him o

measures have been taken to fight the 2 diseases and spoke about what it will take to see an end of the coburn $1000.00 pandemic it's clear that to bring $99.00. and to save lives we need effective vaccines national sticks and acts in unprecedented quantities and proceeded to speed and it's clear that because only people out of 3 schools in all people should have access to all the tools to prevent detect and treat it not only those who can afford to pay for them. as we see this surge in new cases let's take a look at the global trends and spread of the virus with our 2 correspondents. so where are we today brand so the global case number it has now climbed to over 9800000 cases and the u.s. in the u.s. it continues to lead the world in both reported cases and also reported that so of course these are all indications that the pandemic is far from contained or over i should say but i want to take you through the numbers and i want to go over the u.s. 1st which this week recorded like you said the highest one day peak since late april and just compared to a week ago that's a 38 percent increase s

where in the territory is anthony has been saying because of coburn 1000 companies are closing down under and men's pressure is it not followed to boss there for how can employers be sure that workers are doing what they are paid to do at home and in terms of financial trading not in fact breaking the law. let's be honest about this. their reality is that the working from home business has now become a core scouting exercise but particularly how old the. a company's now they're saving a great deal of money in paying rain they're emptying their offices are they saving on travel in all sorts of things right and somebody is going to have to pay for those savings so what they're saying to their employees is you are going to pay for those savings and how you're going to be paying for the savings you're going to be paying for savings by giving away some of your space so we're going to start all this space in your spare bedroom we're going to start on in despairing did special new rule in your in your cabin and we're going to tell you that we are doing this you know to not to save a course for o

elective surgeries and 4 counties after houston you know they actually started running out of beds for coburn 1000 patients and texas is even going as far as suspending out permits for bars and restaurants that are violating puerto calls that were put in place and so far has suspended about 12 licenses and lastly i want to talk about florida that's reported about 5000 new cases for the 2nd day in a row now florida is also one of those states that does not have a statewide requirement for a mass to be worn by they also have a 20 percent positive rate so many are urging for the governor to reconsider so as simply put the u.s. is just heading the wrong direction now for the most part health experts can't really say for sure why cases have increased but from the data it's clear that the more people are out and about the higher the cases rick good stuff by the way we're going to be following up on this in just a little bit you're watching leaders the rick sanchez and here's what we're going to do given what she just said which side shared with us right about the fact that now we have states that u

gas gets sprayed they're coughing if ever there was an environment that was going to spread the coburn's these protests would be it but as we've often said the coverage we see from the mainstream media is like the injection playing for rabid anti trump arrest of audience in the right any stories that will sell to that audience right even if they know what not to be true yeah i'd like everybody go to am died or check out this this phony c.n.n. story or the phony survey that was used to to write the story adam go at always a pleasure sir thank you. thank you so much for having me it's always an honor. my pleasure ok folks we hope this so wet your appetite and stay right where you are because we have an all star panel scott you know us and the wind all coming up next don't miss it. become a battleground in the us government people are demanding the shutdown of a local plant from my yankee is right now my focus because it's a very dangerous. power plant the owner is attempting to run the reactor beyond its operational limits this case just sort of puts a magnifying glass on where's the power

welt, stryker mcguire of bloomberg markets, and here in the studio, observing the two metre rule, jo coburnhis weekend, we are seeing a certain amount of celebration in government quarters about the reduction of virus threat level but the government at home so there is little to celebrate. give us there is little to celebrate. give usa there is little to celebrate. give us a sense there is little to celebrate. give us a sense of germany and across the eu. it has certainly been observed 110w eu. it has certainly been observed now since the middle of march with astonishment i think sometimes, how slow the british prime minister and the british government have reacted and how much they have struggled to manage the covid—19 crisis. also in a sense that you

his state hit the pause button on further reopening everyone now needs to understand the spread of coburn 1000 israel in the state of texas abbott says testing shows a massive outbreak and hospitals in major texas cities like houston are on the verge of being overwhelmed people starting to act like it was summer and they started to act like it wanted to go back to parties knew lots of big things and it's coming back and it's quite right airline company stocks took a big hit on wall street thursday after new york new jersey and other northeastern states said they'd require travelers from covert hotspots to self quarantine on arrival we also have to make sure the virus doesn't come you know on a plane again in washington president donald trump's economic advisor ignored the overwhelming evidence of a surge as a lot of positive declines in cases just as there are negative declines cases so you know i said to walk through that but now when i shut the economy down meanwhile the centers for disease control said the true number of people infected with coated 19 in the u.s. may be 20 times. times

where he said he put out executive order in march that said if you're a nursing home and someone has coburn or cheat or someone might have it but we haven't tested them you've got to accept them without testing that's crazy and i think we can attribute a few 1000 deaths to that pennsylvania governor did it also and i believe the new jersey governor now i started this interview by referencing the value of a human life something that economists call the value of it's the to stick to life we see it be if our as far as i know in the united states it's currently at 10000000 dollars per person although i've seen from economists use different figures to copulate but tonsil covered $1000.00 on it how arbitrary or solid that figure is what goes into calculating that number because it's used in a lot of resonance of the cost of the current matters yes let me tell you how we come up with that we come up with that with market data so that means it's not arbitrary it might be wrong but it's not arbitrary and the idea is you look at what a worker has to be paid all of the things equal to except a tiny in

and here in the studio, observing the two metre rule, jo coburn of the bbc‘s politics live.elcome to you all. hi. thank you. let's start with you, stefanie. with this weekend, we are seeing a certain amount of celebration in government quarters about the reduction of virus threat level but the government at home so there is little to celebrate. give us there is little to celebrate. give usa there is little to celebrate. give us a sense there is little to celebrate. give us a sense of germany and across the eu. it has certainly been observed now since the middle of march with astonishment i think sometimes, how slow the british prime minister and the british government have reacted and how much they have struggled to manage the covid—i9 crisis. also in a sense that you as an outsider look at the uk, the uk is admired as a place of science, the best scientists, the best research and development. i think only this week the european union, the commission, decided to bid some money for a vaccine that might be coming from oxford university. there is this gap of perception between

compared to last week and at least 11 of those states are seeing a 50 percent or more increase and coburn $1000.00 cases now when it comes to schools opening you have senator rand paul who says there are examples from across the states and around the world that young children rarely spread the virus paul a doctor and self also citing the american academy of pediatrics that children should be back in school but that covert 19 has now become politicized here was a response to that. i feel very strongly we need to do whatever we can to get the children back to school so i think we are in lock agreement with that. now and now another question from senator bernie sanders saying if the c.d.c. is urging people to wear masks and social distance why are companies like american airlines announcing that they will fill up their seats and also have that middle seat taken along with public transportation like subways and buses take a listen while you hasn't to go through 12 years the c.d.c. of the department of transportation. getting those violations of what we all know to be commonsense i mean obviou

interesting that we're seeing all of this action around college athletes there is no indication that coburn 1000 it's going to go away any time too soon we're seeing large upticks in transmission already so do you think it's worth it to colleges and universities to keep trying to make athletic events happen it's a double edged sword i'm playing devil's advocate on one end you have universities like brown who have taken a lot of like track and the number of new sports track and field volleyball and kind of relegated them down to like club athletic status so they're not actually those non-revenue sports or the school it's on the flip side yes you do need to see the schools make money these kids are on scholarship a lot of them you're taking that away put on the other side cultural as a 1000000 a multimillion dollar product these kids are. products until they start getting paid then they're actually you know allowed to do that but anyway these college athletes need to understand that the school doesn't seem to be looking out for them you can say oh you know we're going to all the safety we're

about if you're a small business owner and you just got your business opened back up because of the coburn 1000 issue and now you have also more come along and destroy your businesses you had nothing to do that that's exactly what has happened here in dallas texas as a matter of fact saw some of the social media communications from these groups that are out here at the for related this and they're pushing this out of dallas texas let's move further up and garland let's go on the wire and let's go to saks these are small suburban communities so this has nothing to do with getting justice for george this is an opportunity in these very violent gangs who should rightly be called domestic terrorist groups to what they're doing who are not and perpetrating again in the city will. and a now barring the minority of those people looting and displaying occur. you know behavior how do you take this momentum as president obama spoke about today and propel change what does that change look like and how how do you harness this why for want a people and varying ideologies about what moving forward means

yeah i mean i'm certainly welcoming the acknowledgement from the administration that coburn 1000 is an issue in this country it's about time along the same lines i think what we really do need to see is consistency and that messaging we can't just have public health officials saying that this is important we can't have the vice president saying it a little bit later but also to see that through the office of the president throughout the administration you know the exact impact that masks have is not really fully known but that a comprehensive set of measures that include masks we've seen it help control the spread of the virus in other parts of the country other parts of the world and unfortunately as we're seeing right now reacting to this too late reacting when it becomes a problem you can't ignore it you way behind the curve and puts far more lives on the line than is necessary in the 1st few months of the spread of the virus throughout the u.s. and throughout the world we were talking a lot about the pressure the medical teams around the world and in the u.s. we're. any suggestion

actions there are still on the rise our team spent a day embedded with paramedics as they picked up coburn 1000 patients and at the worst hit areas on the outskirts of the capital. this is how majority and so he'll finish their shift racing down the highway on the outskirts of mexico city trying to find a hospital for their patient. is just the latest case in a hectic 2 months give everything as they got to 20 years of working as a paramedic i've never seen anything like this i thought the worst sightsee was the earthquake of 27000 this beats it. they work in this work with a packed mix crew city suburb code that has hit hard. many couldn't afford to stay home during the government decree quarantine meant a lot of patients. and so he was battling through it was mourning his own loss just 3 weeks ago he came back to him when he recently transferred it going patient. and i looked and he was elderly and it reminded me of my grandfather because he died of covert to you and i was looking at this man's last moments of life and i saw my granddad reflected there. now they were on the last case of

still a pandemic there's still no vaccine there are still people dying in new york every day from coburn 1000 infection rate is still up and this city has had more more positive cases and more deaths than any other city in america by 4 quadruple any other city so you're seeing 2 real crisis this play out at one time unprecedented the crisis of the killing of floyd george that sparked this nationwide movement that is here in new york just like it is in dozens if not hundreds of other cities around america but you also have here in new york the epicenter of coronavirus no one knows how quite this is going to play out but the bottom line is corona virus has not deterred thousands of people on the streets to protest all right there on the streets of new york for us gabe we'll come back to a little bit later let's head over now from the east coast to the west coast where a curfew will come into effect shortly in los angeles which has seen some unrest and looting of the possible days rob runnels is live for us there now rob so just talk us through where you are and what's been happening on the

or in the total to more than 39000 moscow's health department says more than 5000 people die from coburn 1000 in the city last month but that is far higher than the number reported by russia's coronavirus crisis response center over the course of may officials of tribute the spike to a change in the way coronavirus stats are certified russia's reported a relatively low number of deaths compared to its number of cases which has raised questions. the global economy is predicted to shrink by at least 6 percent this year because of the coronavirus lockdowns that would be the worst peacetime recession in a century organization for economic cooperation and development says the fallout will be even worse if there is a 2nd wave. the number of people killed in an attack on a hurting village and northeastern nigeria has risen to 81 allied to boko haram drove into a 4 for no diligent borno state and just opened fire. after a long delay dozens of parents have been reunited with their babies and ukraine the children have been born to surrogate mothers but pandemic border closures meant the parents co

it was not as clear until coburn happened. we looked at it with -- until covid happened. at it and realized we need to be focused. hopefully that more focused company a lot faster and we can launch new things, then we can scale, expand, be big again but in a more focused way, and hire the people back we lost. emily: if you were to go public, it would be a traditional ipo rather than a direct listing, because you could bring in new money that could refinance the debt and you could pay that down without dealing with interest. brian: i think that it could be. there are a lot of ways of doing this. can -- do an ipo, you there are a lot of options. i think we are looking at all options right now. emily: airbnb ceo brian chesky. more of that interview tomorrow on the show. thank you for watching. this is bloomberg. ♪ s is bloomberg. ♪ save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need- starting a

you have a high debt to gdp ratio but that is very abstract and one of the things senator coburn hit on this when he put his waist together and bringing in real life examples, now the discussion of trade-offs is more like vote on the senate floor. what are the real consequences of having an sustained spending, not just economic growth but not being able to do the things you want to do. however that looks that is the narrative that seems, focusing on pointing out waste, fraud, and abuse but specific things can start shifting scenarios. senator de mint talked about the federal reserve, the fed announced a corporate bond buying program. calling that out and saying why they run wild, unchecked bureaucratic power resonates with -- that shouldn't be allowed to happen. the big banks that took some of the covid-19 bailout money and prioritized big corporate partners over small business really resonates. it is not just about these abstractions which are important, empirical analysis is important but spending doesn't just heard free economies that results in very specific abuses when we allow

that if patients who have coburn 19 are on ventilators or on oxygen are given dexamethasone it will save lives and it will do so at a remarkably low cost coal lead investigator peter or be added it's a major breakthrough doc some of the film is inexpensive on the shelf and can be used immediately to save lives worldwide meanwhile stocks also jumped after the u.s. commerce department released data on consumer spending for the month of may after 2 consecutive months of record dropped retail sales posted a record 17.7 percent that's more than double previous 8.4 percent estimates well in march it plunged by 8.3 percent and in april by 14 point 7 percent retail sales make up nearly half of all consumer spending and almost 70 percent of u.s. g.d.p. last year americans spent $14.00 trillion dollars well for more we are joined by editorial director at the american institute for economic research mr jeffrey tucker and from bubba trading todd. horwitz thank you gentlemen our but i believe todd we only have you for an hour hopefully jeffrey can can join us in a bit but todd let me start by by aski

officials in afghanistan say hospitals are running out of beds to treat coburn 1000 patients health minister is warning of a looming disaster as infections rise more than 20000 confirmed cases and 350 deaths and government says there could be as many as a 1000000 cases in the capital kabul alone many people are nor in lockdown restrictions to go to work and testing kits are in short supply. 2000 tests. but few are receiving 10 times that many samples and it takes 5 to 10 days to get the results of these tests beds in cornton centers clinics and hospitals are filling up very quickly we are not able to diagnose corentin and treat all our patients because of a lack of medical facilities. downs in russia are hurting book publishers hard shops are shut and publishing businesses are facing bankruptcy but some young children are getting around the lockdown restrictions thanks to a project aimed at spreading the love of reading books good to reports. scusa remain close to moscow but these days 10 year old timothy kahn again is keeping himself busy every week he's been reading to 7 year old. 1500 kil

other way there are job losses as opposed to job creation in the private sector and of course when coburn 19 comes along then mom and some on the russians group ok and oil price war which $1.00 point drove the price of oil down to $17.00 a barrel now now now bear in mind that the saudis can you know break even an $80.00 a barrel to have to really start to balance the books the saudis are in good financial shape really in some way they've got a huge public investment fund about 320000000000 but mountain lion is using that really almost as a personal bank splashing out on buying all sorts of. other things such as investing in carnival the the big cruise ship company as in terrible shape or he dropped a 7 percent stake in that picked up rather 7 percent stake the value of that stake has dropped by a 3rd in in a couple of months there are many other examples of this shopping spree that may actually come to harm the saudi economy you have to wonder in this environment he's going to spend 300000000 to pick up a newcastle united football club ordinary saudis need to get a look at that and think

than easy so all the hood which they can service because lease the concerns of bret's it so germy coburn'sthey have a job because his decision to basically compromise albrecht's it didn't help his party part of the same type of labor pursuing any more left reprogram they were at 2017 may also have contributed to some of the party sources tell that is the 2nd london barrister of the night at the white man to win over the lower income vitus. well what we do know is irrespective of how people voted in 2090 securest how has managed to present himself to voters by somebody who they can imagine being prime minister a status the frankly just because we never managed to achieve according to some you know he's the most popular leader of the opposition than any other knew the opposition of oftentimes people that said so-called other people don't know who he is and i think the you know he is somebody who while clearly a clever lawyer clearly somebody who can quite adept at tripping up over us johnson on details will have to move eventually into the territory of persuading the public that he's got a v

justice and reform within their own city the protests came on the day that new york started easing coburn 1000 lockdown restrictions every elizondo reports. fed up and tired hundreds of new york city government workers former and current upset with their boss new york mayor bill de blasio i asked one of the city employees if he thought the mayor has been doing a good job during the recent protests absolutely not he has not done a good job and he's done an atrocious job there calling for the mayor to fire all officers seems using excessive force and also reallocate 1000000000 dollars in the city's annual budget from the police and put it towards social programs the mayor said he's looking into it but has yet to offer specifics that satisfy the protesters all message to the mayor is that we want to be able to have a voice and what goes on in the city we want to be able to talk about funding the fund then if necessary and how we can allocate resources equitably across the city . many of these protesters say they fear retribution that they could be putting their livelihoods are at risk for pr

a lot american prisons are notorious for being overcrowded and under resourced and with coburn $1000.00 hitting the region hard many are worried about rapid spread in jails and mexico the government had an amnesty plan to release low risk prisoners john heilemann reports from mexico city . a new fool got out of a mexican prison this a group just as coded hit the country hard but when we 1st met him he wasn't feeling too relieved his brother dan was still a prisoner and they got the virus and he'd been taken here to this hospital in pueblo a new foot been waiting outside for any news for 2 weeks sleeping in this tent. that right now i feel good to be at liberty but if they gave me a choice between the lives of my brothers and to stay in prison and prison that's saying something overcrowded cells a lack of basic medicine and no way out you couldn't get a much better breeding for co that the mexico's jails we asked the new food to phone a friend who was still inside and tell us about conditions. here if you haven't got medicine or you're in trouble because a paracetamol costs 75 cents you

i worked with the late tom coburn to craft legislation to introduce that idea to g.a.o. it's clear that the government accountability office not once, not twice, not three times, i think four times and the legislation is now the death -- since the death of tom coburn, it has been cosponsored by other senators including john kennedy of louisiana. improper payments are a huge deal for our federal government. the government accountability office tells us last year improper payments, overpayments, mistaken payments, and so forth, is $$150 billion, that's billion with a b and they think we should do something about it and they've been thinking we should do something about it for a long time. the person who is the leader of the government accountability office is a man named gene badaro, and he's been the director for a decade or more and i talked to him the other night and it was right after they reported that treasury sent out $1.4 billion checks to people who were deceased and sent out checks with the word diseased printed on -- deceased for obvious dead people and one of t

to say we need to build debate coburn down these institutions and to get them off of us and be liberated from them and the strugglin thestruggle against te establishment and the struggle againstfr the elite. all these things are understandable. they are driven by real frustrations with very real problems. but we need functional institutions. and we even needme responsible, respectable elites who can run these institutions. we need the police, we just do. there is no way around it. we are human beings. that means we need the power to be exercised in responsible ways. we have to demand more of them. it's not enough to say let's get rid of them becauseh ultimately our societies cannot function without them so the challenge is harder than that. it's hard to renew and revitalize and put them into account not just how to get rid of them. >> host: dam in massachusetts, go ahead with your question or comment. >> it's great to talk with you thisis afternoon from massachusetts and i. want to gie you a little bit of background about myself and first of all, i've been a student of demographics for y

. >> she had charles coburn, who would later become a famous character actor in the 1950s. but he took shakespeare around and they had performance of shakespeare on the white house lawn. edith roosevelt had done a little bit of that, but these were full-blown productions of shakespearean plays. and she had artists like olga sameroff, rich chrysler, efram zimbalist, sr., the father of the guy in the fbi series in the 1960s, and fannie bloomfield zeisler, the great female pianist. and so the who's who of classical music moved through the white house in those four years. it was as stunning a group of artists as would later become in the kennedys or later on in the 20th century. >> did it have cultural and or political impact on society? >> i think it was more cultural. i felt she didn't see this as sort of moving the poll numbers. it was what the first lady ought to do bring the finest music to the white house. and i think generally that's what cultural aspects of the white house do. >> well, and she wanted washington to be the social representative city of the land. and, you