it's off of u.s. and russia. it's the hope that the u.s.ns, that would be -- that everyone can work together from a scientific point of view. to see how people come together with vaccines at a safeway. into show that they are effective. because of the pandemic. the collaboration is happening that much more is needed. back so to your points, i think indeed there is concern. there's never been such a pandemic of that size. and of course the work is daunting. but as the color before just said, we have seen actually a wake-up call and a movement for coming together. we gathered together. which is to be regrouped and fork countries. in the idea is to even the magnitude of the work is to pull the resources. and the approach of investing at the same time in the vaccine that can be together. with the view that in 12 months or 18 months, by the end of 2021, certain member of doses can be procured. and provide a minimum buffer to actually quote unquote guarantee access for 20% of the world population. so that is again at least vaccinate the high risk

on the u.s. administration and europe and international organizations is ot to say that people of other continents, of africa, of latin of ica, of asia, are not, eastern europe, are not stakeholders at the table. quite the opposite. feel we we do not should be presuming to speak for hem as a bunch of people who were brought up in america and europe and served in american and european governments and so rnational organizations we hope to engage through the first quarter of 2021, with representatives, fellow scholars, fellow former officials, around the world, to nonamerican, noneuropean perspectives and how we might work together and we to that engagement. and foremost the u.s. has to get its house in order to economy.he global onstructstive economic solutions do exist to the international existential threats we face but they must be targeted and they must be based rebuilding. they must be global. so please join us in this effort. to my let me turn colleague, professor -- fellow.ent senior jason h

and our u.s. centered warp speed is only investing in six of those, we have a possibility in the united states to be at the back of the line if one of the other three is actually the first to show effectiveness and safety, not only are we not providing leadership in the world, were not participating in the world effort, we are threatening to withdrawal resources in the feature that can hamper and were putting our citizens in a deeply dangerous situation if we don't rejoin the world collaborative very soon, it's all about politics. >> anyone else want to jump in. >> we are here to talk about vaccines, the same could be said about therapeutics as well and is one reason why we joined in welcome to create the therapeutics precisely to make sure there was equitable distribution of testing and treatment even as we work on the vaccine, it's very important to have that, it is not just the right thing to do, if you don't have it and if you see nationalism or protectionism introduce themselves in the supply

and the u.s. needs china. their economies are linked hand-in-hand on the industrial and consumption levels. there are many issues between these governments, that we would see. but there is a link between the two economies and it is remarkable. joe: it is pretty striking because so much of the story of the economy, the global economy some overproduction in china, it is the opposite. you see this in our charts that cameron crise made. industrialine is recovery of precrisis levels, very impressive. on the consumption side, it is very far below precrisis trends. china'suction side of economy is roaring back a lot faster. caroline: and it is almost the opposite when we look at the united states. we see industrial production still pretty woeful, a sluggish return in terms of manufacturing , but consumer, on fire. yes, we still aren't pre-covid, to a certain extent, but we see money continuing to be spent, particularly looking online. the consumer is buying a lot of chinese goods. joe: let's bring in bloomberg chief

u.s. international role in the world, i specialize in isolationism, internationalism, and globalization and my work that pertains to the panel today is "promise in peril." you can buy it downstairs. i have the distinct pleasure of being the chair and coorganizer of this really exciting panel, i think, and i hope you'll agree once we're done. it's a fascinating topic with tremendous contemporary relevance as well as his totori significance. our panel is entitled turning .1916. this the not just about foreign relations but also world relations, international relations. now the spark for this panel is the centennial of the 1916 election in which woodrow wilson ran on a he kept us out of war platform, despite the military interventions ongoing in mexico and in the caribbean. marking the secentennial of thi election, this round table brings together superb historians with a wide array of focuses to address whether or not 1916 should be seen as the end of an era or the beginning of an era or in

we hope that the u.s. joins and then everybody can work together from the scientific point of view and come together to advance the global vaccines to show they are effective. so a lot of that is happening but much more is needed. >> in need there is concern and course the work is daunting but we have also seen the movement for the multilateralism coming together and when we hear the idea and the magnitude of itthe work is to pull the resources and adopt this portfolio s approach that can be accelerated and the portfolio we do that in 12 months or 18 months by the end of 2021 a certain number of those seats can be procured and provide a minimum buffer to guarantee access for 20% of the worlds population so we can vaccinate the high risk people and start from there. in the supply constrained environment it's very important that corporationon mike was talking about was making sure even the globalization that we have seen, everyone can be protected at theon same time otherwise it just won't work. >> a few of

u.s. will remove sudan from his list of spate -- state sponsors of victims and their families. ♪ you're watching al jazeera. also coming up, as confirmed coronavirus cases around the past 40 million, iran suffers its most deaths in a single day. arland and wales -- ireland and wales announced new coronavirus letdowns. poland is turning his national stadium into a hospital. belgium is warning of a tsunami of new cases. socialist candidate claims victory in bolivia's presidential rerun, paving the way for the return of people morales. -- of evo morales. money destined for the u.s. families and victims of attacks by armed groups and after has left sudan. the first step in a compensation agreement that will see the country removed from the u.s. list of state-sponsored terrorism. earlier u.s. president tweeted that the new government of sudan agreed to pay $335 million. once deposited i will lift sudan from the state sponsors of terrorism list. at long last justice for the american people and a

era u.s. trade law to unilaterally launch its commercial conflict against china so under section 301 empower the president 11 tap tariffs and other import restrictions whenever a foreign country imposes unfair trade practices that affect u.s. commerce china on the other hand they claim that the terrorist violated the most favored treatment provision because the measures fail to provide the same treatment to all members china also led to the terrace broke a dispute settlement rule that also required countries to 1st seek recourse from the day before imposing any retaliatory measures against another country so in the end the panel of 3 declare the tests in violation of the international laws as the us had not met its burden of proof and demonstrating that the measures were provisionally justified so basically in other words the us terrorists were illegal and it broke the very rules that it helped to put into place so as if that's ocracy enough the trump ministration they had previously claimed t

to enhance the u.s.onomy, but tried to china.he rise of my view is that slowing china's a viable ise is not economic policy in the medium and long run. to that. back the second major suggestion i a more that we need robust interactingcy process to internal e kind of bureaucratic squalling that's led in recent years to a very policy to address china's economic rise. policy should s include a rigorous estimate of the cost to the united states of weaponizing trade policy. by weaponizing trade policy, i example, tariffs, export controls, and secondary sanctions. currently, these policies are being weaponized with little or regard to the cost to u.s. onsumers, to u.s. businesses, or to the long term competitive position of the united states. major that's a second change in the approach we would have to have on china. back to why i think china's rise is likely to -- in e, i think we have process of negotiation with china needs to recognize that relatively low level of per capital output, substantial potential

business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here in the union it's also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the thing is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes a responsibility tariffs the one way to exert pressure by making impulse more expensive the u.s. . tariffs on steel wine and jam. the e.u. on corn cranes and jeans. tariffs and our view are just not helpful and they don't really achieve what you want them to achieve there's one thing that they a

also, guns u.s. infrastructure is less important than getting what is needed built and getting value from the dollars that the united states spends. we should allow for competitive bidding for construction, installation and maintenance of long security sensitive parts of u.s. infrastructure and we should insist that foreign governments allow the same opportunities for u.s. firms. so those are my three priorities. i want to pick up on what jason was saying about how to figure out the budget. including reducing federal budget deficits relative to those projected under current law. i agree with jason that given these historically low interest rates, the accumulation of federal debt is not one of the countries they get economic challenges right now. trying to pay for fiscal mealtime the counterproductive, we all agree on that. going beyond that, i think it is sufficient that any increase is discretionary or ongoing federal spending related to these priorities is accompanied by an increase in federal reve

u.s. senator. you've continued to demean yourself throughout this campaign with your conduct. first, you were lengthening my nose in attack ads to remind everybody that i'm jewish. then when that didn't work, you started calling me some kind of islamic terrorist. and then when that didn't work, you started calling me a chinese communist. it's ridiculous, and you shouldn't do everything that your handlers in washington tell you to, because you lose your soul along the way, senator. what the people of georgia deserve is a serious discussion of economic relief for georgia families and how we're going to protect coverage for pre-existing conditions. >> thank you 23for your -- >> perhaps senator perdue would have been able to respond effectively to the covid-19 pandemic if you hadn't been pending off allegations of insider trading. it's not just that you're a crook, senator, it's that you're attacking the health of the people that you represent. you did say covid-19 was no deadlier than the flu

but the u.s.otes mark, was abysmal, around 10% to 15% in some of the main european countries, considering only 10% or 15% of people considered that the u.s. was doing a good job dealing with covid. so really, what this ultimate crisis would do was just reinforce this image and at the same time, the europeans own sense of isolation. who else than the u.s. can be their ally in dealing with this pandemic? and at the moment, the giant, the american giant is missing , and its leadership is missing . now more than ever, you know, the presidential leadership is missing as well. so, i was just thinking, listening to bill and to fiona, that the only thing really missing from this confluence of crisis is an international crisis, and hopefully, you know, the u.s. won't face that, but that would be a very weak moment, very hard moment for the u.s. at a time when power is concentrated around the president, and the president is or could be incapacitated. at least it's a worrying thought also for europeans. thom

both in the u.s. and europe, fiscal policies provided support for households amid sharp declines in employment and hours worked. this was achieved through a mix of unemployment insurance and job retention programs, but with varying weights. the united states relied more heavily on direct payments to households, including stimulus checks and unemployment insurance, while also promoting job retention through the paycheck protection program. european policy makers subsidizing company payrolls to retain workers through a short variety of programs used during the global financial crisis so we're ready to be relaunched. ultimately both u.s. and european fiscal policies have produced similar results. first, finding and maintaining base level household consumption through the worst of the pandemic and subsequently unleashing pent up consumer demand. retails were above pre-pandemic lefts at u.s. averages. with short-term interest rates constrained from below asset purchase programs and lending facilities remai

business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here in union there is also approach trade but the competition commissioner says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the thing is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes the responsibility tariffs the one way to exert pressure by making imports more expensive the u.s. that. tariffs on steel wine and jam. the e.u. on corn cranes and jeans. tariffs and our view are just not helpful and they don't really achieve what you want them to achieve there is one thin

because u.s. is also to supporter of gavi and continuing to that angle to support the initiatives. >> elizabeth, i think marie-ange is t very accurate in that congress now is very committed to gavi. congress understands this global relationship. they are committed to making sure that gavi is funded and the u.s. funds continue, so regardless of what the administration has intended i think congress is sort of a protector. cepi is a new entity that was focused on research and development, but i think that the threat the u.s. was not only not participate in cepi, but withdraw funding from the w.h.o. is really dangerous in terms of world's capacity. our resources are needed, and i would say our leadership is needed to mobilize an effort of developed countries to t look at outside of the borders and say we not only need to vaccinate our own populations, but we need a global view because if somebody is ill in africa or asia, that still is a threat potentially to the united states and it's also the right

and that the u.s. commerce the u.s. government has filed an appeal pushing back against a ruling by the world trade organization that part of the trump and ministrations tariffs on china are unlawful that the u.s. delegation to the w t o is claiming as part of its appeal that this moment quote reflects a major missed opportunity for the deputy o. to begin to address the most serious problem faced by every member that seeks to a balanced and fair world trading system namely aggressive state policies that seek to dominate broad industrial sectors joining just justice boom bust co-host christine christie i want to start with you here what robbie asli what can you explain what the deputy o. panel originally found when it ruled against the united states. yes of the originally that's the trauma a month ago and september i mean when the detail ruled against us and found that $234000000000.00 worth of tariffs and posts on china back in 20092009 they breached the global trade rules so washington had not justified why the tariffs

well right now the u.s. equities are kind of taking a cue from europe as the german dax that dropped over 4.2 percent to the lowest level since late may the footsie also closed down about 2 percent and all the optimism that we had this summer on this me opening try this potential back seen in this miracle balance that pretty picture is quickly fading as chronic cases are mounting so partially u.s. like chicago officials have shut down into our dining and we see more stringent measures being put into place in europe as well so now i have a little deja vu moment the market once again stocks that would be hurt the most lilac downs are slowdowns there had the hardest today so shares of airlines including that dropped around 4 percent as a big fear gauge that spiked about 30 and hit the highest level since june so oil prices that also plunged more than 5 percent the most well into new reeks also as lock downs once again mean lower overall fuel consumption so the nasdaq was the big leader the pledge day and that's

forcing u.s. business isn't a joint venture which they didn't want those sort of things have been going on on a grand scale and it's not just american technology the china of stolen syrup ian and other countries as well and that i think it's been right of trying to highlight that as one of the few things he's got right on economic policy that it has to stop so it's not simply just the loss of manufacturing jobs is that it's other things that china has done as well have all sort of generated this this anti china sentiment in the u.s. i didn't mean that you are blaming china but trump is obviously do you think there are $350000000000.00 democrat plan will do anything to counter china's lead in 5 g. an artificial intelligence 'd saw even drug supply chains well up the margin maybe i mean of course in a pre-election platforms from presidential candidates aren't necessarily what becomes an acted after the election because we have to get through the whole political legislative process and it's all very

u.s. lost that between the u.s. and china, trade war. for the is shaping up trading day ahead. futures pointing to a higher open, adding to the 1.7% gain we saw overnight. the nasdaq also up. tech stocks up even after proposal to restrict the antitrust rules to limit the power of big tech. at 35, pushing higher after yields, even five-year yields at the highest level for more than a month. we are looking ahead to a few fed presidents who will be speaking later today. the picture where policy will be in the months and days ahead. seems like there is some optimism on some kind of stimulus. you can also argue that investors are looking past what happens in congress are looking more towards what happens for this election right now because the polls into a suggest, are in favor of biden. not sure this price presidential debate will change the dynamics of that but certainly we are seeing most risk assets are outperforming with the exception of hong kong which is down 0.8%. the kospi gaining. the

the former u.s.assador to the united stats the former ambassador to the united states is our guest the next hour. coming up, focus on quality growth and tech leadership live from beijing. what we know about the next five-year plan. this is bloomberg. ♪ ♪ unveiled thehas first glimpses of its economic plans for the next five years, promising to build the nation into a technological powerhouse and emphasize quality growth overspeed. markets coanchor tom mackenzie joins us from beijing. tom, what do we know? tom: a couple of key takeaways from the initial part of the plan. and again, details are broad in scope and lacking in specifics. we hope to get more details in the next few days and then the plan won't be published in full until march. but where we are now to key takeaways on growth, as you say sustainable, so quality growth rather than the speed of growth. that doesn't mean growth targets have been ditched, although we don't have them yet. won is saying the guidance is more supple, and this is key

u.s. airline industry is looking to test passengers for covert 19 and hopes of bringing life back into the actual in the street well since a crown of iris emerged air travel has dropped by 70 percent in the u.s. and from believe testing might help people gain that confidence to fly once again artie's alex mahela todd the story with hundreds of planes grounded. u.s. airlines are hoping to take off once again by implementing a new coronavirus strategy the industry is planning to make over $900.00 tests available for passengers before they board flights airlines including united american alaskan and jet blue have announced programs which will offer mail in tests that will be sent to passengers homes or rapid tests at airports hopes are by implementing testing passengers would feel more confident to fly while lifting the need for travel restrictions and mandatory quarantines in the states many are seeing this as a possible lifeline for the airline industry which has been ravaged by the coronav

u.s. unemployment numbers are in with an unexpected dip below 8 100000 last week u.s. commerce department data showed 787000 americans filed for jobless claims beating expectations while the number is still high unemployment pilings came in below 21000000 for the 8th straight week this is the lowest level we've seen since the start of the pandemic back in march this comes as markets react to us speaker of the house nancy pelosi is comments commenting on stimulus and she said the deal is just about there but she's warning the deal would take a little while to be sorted out this. did not have a purpose and if we were not making progress i don't spend 5 seconds. and i say that in french to the secretary rice i wouldn't even be talking to you and he said the same thing to me why would i even be talking to you if we can resolve some of these things in the next few days you know take to write the bill. for more on the stimulus the market reaction we're joined by chris mulan founder and chief market strategist of the technical traders dot com and michelle snyder managing dire

five times the size of the u.s. unibail rodamco westfield. we are a leader in europe, marginally in the u.s., so we have to refocus. that is the name of our plan. refocus. francine: when would be the ito time -- the ideal time? when do you think it would be an ideal time to sell the u.s.? when will it get more back to normal? leon: there is no specific pressure on the company. liquidity, has ample so it is not a liquidity issue. issue,ore a strategic and we will do that over the next two or three years. if you can do it more rapidly, so be it. but we do not want to rush into that. there will be a post covid world. the u.s. always rebalance more rapidly and more spectacularly than europe. you have some great u.s. investors, and within the unibail-westfield portfolio, which is too small to payroll -- to play a role, you have superb assets. we take our time and we do very well over the next two or three years as it advances more rapidly, and it will be a great result for the company. francine: you and your consortium h

and the u.s.as been strong and it has helped more than 120 countries on a bilateral level for-- during this crisis, but has failed to engage collectively both in multilateral organizations, but also in sort of more ad hoc initiatives. that's the question for europeans, can donald trump ever change? can he change based on personal experienced? as he mentioned in his videos, i have, he said, he said something like, i have-- i have gone to school with this covid, i have learned things and i will go back on this and discuss this, so maybe that's the case and it will give europeans some hope, i guess. >> yeah, celia, just to jump in there and we'll go to bill in a second. you know, that sort of happened to boris johnson, right? he was very cavalier about it, joked about it continuing to shake hands and afterwards was quite chasened. i don't see that happening with trump. last night he did make those remarks which i thought were a bit odd, but said he learned a lot and within hours he went out in a van

the u.s.nd europe are not on the list for easing curbs. haidi: markets coming online for the start of the brand-new trading week. let's go to sophie kamaruddin. after inome enthusiasm cap the best week since april. australia posted record shipments when it comes to iron ore, putting some down pressure on the commodity. gold holding about $1900 per ounce, after its second weekly gain. $2300 for bullion, early 2021. the aussie dollar under pressure. it had fallen by 4%. .4%. the offshore yuan on the retreat. looking forward to the fix to see if that will add more weakness on the offshore yuan. futures, nikkei futures holding steady while the 106,s trading around testing the 65 day line. today's south korean markets come back online after the long weekend. we have korean trade data later today. won trading korean at a high. on the oil patch, new york crude falling for a second day, $40 a barrel. saw the u.s. we and libya reduce production. shery: president trump and nancy pelosi continuing a war

the u.s. election. it's true that south korea's chipmakers have been benefiting since september as a consequence of the restrictions that have come up on a number of tech companies in china, but whether this is a sustainable in the long run really depends on the trade dynamics between the u.s. and china. the conditions for risk remain highly -- in the near term. this is what will shape really the strength of the recovery in tech exports for south korea. remains uncertain at this moment. paul: i went to get your thoughts as well. good news we have had out of australia. we now have a second day in a row in the state of victoria with no new coronavirus cases. restrictions are being eased. it looks as if the outbreak is under control. with that in mind, what is your outlook for the australian domestic recovery? the latest development marks a turning point for the australian economy, especially as in victoria, retail, hospitality, it resumes operations after months of suspended activities. most of

u.s. and eu. there's the rest of the world too. unfortunately, kathryn of australia who was going to join at the last minute said there was a conflict that arose. so i apologize that we don't have apac represented here. i know that our speakers have tremendous breadth of knowledge, experience and i think we'll cover the world as well. our first speaker -- i'll introduce all of the speakers and turn it over to each of them for some remarks and then we will begin a bit of a round table discussion. type your questions into the website sli.do. so, bruno gencarelli is the head of the international data flows and protection unit of the european union. bruno heads -- he has led the commission's work in the area of data protection in the decisive phases which i think has certainly a lifetime employment opportunity for him. in that capacity he headed the european union commissions delegation on interinstitutional negotiations with the european parliament and council that resulted in the adoption of

we have u.s.de agreement on goods. >> reporter: depending on the outcome of the election, there may be a change in the u.s. stance on global trade. nhk world. >>> department stores in tokyo are changing their new year strategies to cope with the pandemic. they're moving early with their bargain packages known as lucky bags. they contain items worth much more than the retail price of the contents. the only catch is shoppers don't know what's inside until they buy one. managers say sthar bags contain lifestyle items for people to make the most of being at home. one contains a hammock and even a carpet. another bag comes with kitchen tools to make staying at home more fun. the store usually sells its lucky bags on the first three days of the year, but this season they will be on sale between late december and january 11th in an effort to avoid crowding. >> translator: the needs of our shoppers are becoming more varied with changing lifestyles. i think we have a great lineup of lucky bags to help cust

u.s. we are going in one direction it would seem. . that is to the downside. nikkei 225 off by two tents of 1%. weakness on the hang seng. hsbc out with earnings in a short while. shanghai composite, 1/10 of 1%. jakarta just started it session. indonesia stocks following the regional trend. of morethis backdrop readily of tensions between beijing and washington. china imposing unspecified sanctions on boeing, lockheed martin and raytheon technologies after the rest state department -- after the u.s. state department -- imposing these sanctions in order to quote, uphold national interest. let's get a look at what is going on with these other asset classes. taking a look at the dollar index, which is lurching a bit to the downside. 10 year yield -- we are seeing that. slate moved to the downside. been snapping what has happening of late. headwinds according to all analysts bloomberg has been talking to. gobert holding its ground. traders weighing up the stimulus stalemate in the fiscal stimu

the u.s. city of philadelphia has seen a 2nd night of protests after the killing of a black man by police on monday 27 year old walter wallace jr was shot by police when he refused to drop a knife while his family say they called an ambulance not police for with what they call a mental health crisis. the philadelphia night once again lit by flames. tuesday so more clashes between police and protesters. with more blood spilled on both sides a speedboat vented their anger at the death of walter wallace jr. some took the opportunity to indulge in looting earning a stern rebuke from wall to wall a senior. and i don't condone nonviolent tin of city who know. all this chaos for you know what they believe that every day i'm up there they must say this stuff is foul and it k.l. . security forces and protesters faced off mr wallis refused to blame the police owed right but called for justice for his son's death i mean we got good can we get big that's the sentiment in the system i'm not oh so mighty he

and china u.s. as all the debt china all the debt owed to it year in year thanking the in the one of the ways that the u.s. can fight in this global currency war is to simply delete that. debt and it goes away from that balance sheet that sounds. quite you know rather it sounds radical but in that in these days of digital warfare maybe not so much simon you know this is this is currency wars you know you can imagine a few sonorities you know the us it's the next election he's been saying this is the trying to fire it's well he could actually say how much he's actually you're right you know all these that sends our economic blogs as trying to cause the united states they might want to take it to say that they owe us more trillion dollars pipes or you know in compensation i'm doubtful we're just going to delete these $1.00 so you can. you know these are the types of snorri sydney can see as we need sydney's currency will you mentioned democrats terry also said that the u.s. can separately keep the gol

u.s. president woodrow wilson arrived in britain in route to the peace conference gathering in paris. we have heard quite a bit of it already. during his time in london, before he arrived in paris, wilson had a private interview with the deputy chief sensor of great britain. a man by the name of frank whirling ten. in response to a question from wording tint about close relationships between great britain and the united states, wilson told him the following. and i quote, you must not speak of us who come over here as cousins, still less as brothers. we are neither. neither must you think of us as anglo-saxon, because that term can no longer be rightfully applied to the people of the united states. he then concluded, and i quote again. there are only two things which can establish a medium closer relations between your country in mind. they are a community of ideals and interests. this might seem like a surprising outlook to take for a man like wilson. all the more so sentence brand common

business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here really and it's also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the saying is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes the responsibility tariffs the one way to exert pressure by making imports more expensive the us that tariffs on steel wine and jam . the e.u. on corn cranes and jeans. tariffs and our view are just not helpful and they don't really achieve what you want them to achieve there is one thing that th

u.s. and europe, fiscal policies provided support for households with declines in the hours worked. this was achieved through a mix of unemployment insurance and job retention programs, but with varying weights. the united states relied on direct households including stimulus checks and unemployment insurance while also promoting job retention through the paycheck protection program. european policymakers focused on subsidizing company payroll through a variety of short time work programs which had been used during the financial crisis so we are ready to be relaunched. ultimately, both the u.s. and european fiscal policies have produced similar results. first, maintaining a base level of consumption through the worst of the pandemic and subsequently by unleashing pent-up consumer demands. retail sales rebounded to the pre- pandemic levels with both the u.s. and europe at 104% from 2019 averages. monetary policy tools have also played an instrumental role in the response. with short-term in

u.s. presidential candidates donald trump and democrat joe biden 'd are touring battleground states as election day looms opinion polls show biden in the lead nationally but it's a tight race in the swing states 50 countries are signed up to a united nations treaty to ban nuclear weapons it's set to be brought into force in 90 days or jurist became the 50th country to ratify the agreement and a mosque in france has held prayers in tribute to a teacher who was beheaded last week there was a heavy police presence off the threats of violence against the worshippers samuel party was killed by an 18 year old man for showing caricature goals of the prophet mohammed in a lesson about freedom of expression. afghan security forces say they've killed a senior al-qaeda leader he was on the f.b.i.'s most wanted list abu mazin al masri was killed during a special operation in gaza in provence. thousands of people have been protesting outside the official residence of the israeli prime minister benjamin

the u.s. secretary of state and the defense secretary are in india where they're expected to sign an agreement expanding information sharing for military satellites and it's part of a 5 day asia trip and strengthening strategic ties to try to counter chinese influence the u.s. supreme court has a new justice amy was sworn in a short while ago after the republican controlled senate approved her appointment this means that top court now has a conservative majority of 6 to 3 sons of the main opposition party says 3 people have been shot dead by police during pre-election protests they were poor to be killed on the island of pemba maine and tanzania and semi autonomous zones of are due to hold presidential and parliamentary elections on wednesday. the u.n. is warning that humanitarian crisis in yemen is worsening with 98000 children at high risk of dying unicef says half a 1000000 under 5 is in southern yemen also acutely malnourished well those are the headlines i'll have more news for you here a

where the u.s. president donald trump and 1st lady melania are in quarantine we're told after testing positive for covert 19 well a couple got tested after a top aide contracted the virus hope pics had traveled with the couple on tuesday to go to the presidential debate in t.v. land. and the next day they flew together to a campaign rally in minnesota well this is how president trying to confirmed he tested positive in a tweet he said flotus and i have tested positive for covert 19 we will begin our quarantine and recovery process immediately we will get through this together of a top white house doctor has released a memo speaking about the president and 1st lady saying they are both well at this time and that they will remain at the white house during their convalescence it goes on to say the president will continue carrying out his duties while recovering . we've also heard from the 1st lady who tweeted to say she president trump are in quarantine at home along a trump says they're both feeling g

u.s.tarks. we are an hour away from the start of u.s. equity cash trading. we do have green arrows. in terms, modest gains of futures contract with ftse 100 futures basically unchanged right now. percentook at the mispriced, you do see gains indicated at this point. take a look at u.s. futures, also showing gains this morning, a little bit stronger, the gains. about .4% across s&p, dow jones, nasdaq. anna: breaking news coming through from london. an update from easyjet, talking about where they see their full-year group headline performance coming in. they predict a loss report tax pounds -- 845ion million pounds for the full year. recommending be payment of dividend, which is possibly a bit drastic, though i wonder how much expectation there was for one. they see themselves flying around 25% of their planned capacity for their first quarter of 2021, which is some interesting early guidance of just how much capacity will be in the air. it would not be appropriate to provide any final guid

there is a lot of intra-country traveling within the u.s. and our u.s.tic business. that is happening in china too. there's a lot of domestic travel. and even at the high-end. so what we have seen is once coburn got under control within china, the recovery has been very fast. to give you an example, our hotel and shanghai is enjoying occupancy for 70% or 80%. which in other places, one would not be seeing. david: what is the next specific gateway city? can you share that with us, if there is a plan? clement: we have done a fair amount of work. we have visited multiple cities. so, yes. we are quite open-minded. but at the moment i think the most important thing is to make sure we deliver the brand promise in hong kong, shanghai, and beijing, which are the pillars of our brand presence. of through the spreading hopefully the reputation, and people putting in the good word for us, that will then support the growth continuing. david: revenues last year, 5.8 billion hong kong dollars. what are your targets for this year, and are you on track to meet them? [la

u.s. futures sharply lower as the president and first lady begin their quarantine two weeks ahead of the next scheduled debate. the white house physician says president trump will carry on duties without interruption saying he will work from the residence. risk assets sell off with stocks opening in the red and european equities close out the day lower. investors seek safety in gold. other safe havens also rally a very warm welcome to "street signs. let's get right to the story u.s. president donald trump and first lady have tested positive for coronavirus. the president confirmed on twitter saying, quote, we will get through this together. this comes after his top aid hope hicks tested positive she frequency traveled with the president including attending the first debate in ohio the president's physician released a statement saying both the president and first lady are doing well and will stay in the white house and that the president will continue his duties in full let's get to market

at the u.s.nnis championship since september osaka naomi wore face masks representing victims of racial injustice. the protests have become a key issue in the upcoming u.s. presidential election. today we meet americanactive o'palla temeti. the co-founder of black lives matter and one of "time" magazine's 100 most influential people of 2020. we spoke with her in august about activism in the age of covid-19. >> we see that people are having to rise up now at this unique moment despite the fact that we're in a global pandemic. i think that's what's alarming to so many people is that even in the midst of a time where you would think people are at home and can be at home and should be safe and fine and taking care of their loved ones at home it's still the case that black people are being targeted and are being killed because the color of our skin is seen as though it's a weapon in this country. >> do you think covid-19 exposed inequality and disparity that exists in society? i say this because the p