anare still waiting for agreement on the u.s. package.u think by the end of the year the support of the labor market will prove more effective in europe than the u.s.? have ise challenge we we don't know how long we are going to be in this current state. the package in the u.s. is supportive for a slump in recovery. the package in europe is more supportive if we continue to be -- if this virus lingers on. it is a question of timing. the u.s. is naturally more optimistic with regard to the outlook. if the virus situation does not linger as long, if we get a vaccine, the package in the u.s. is more supportive for a recovery with people getting back to work, with companies reopening. europe, it really supports a lingering impact of the coronavirus. it is really a question of timing. nejra: interesting. thank you so much for joining us. great to have you on the show today. now let's get to the first word news with nora right in london. >> the economic rebound in the u.s. shakier. gross domestic product shrank the most on record, a massive 32.

omv as anare international company, it should be reflected also in our so inalities within omv, am focusednalization and diversity. 40% is a good number, but we should strive at least for equality. strive for equality. thank you so much for joining us, rainer seele, ceo of owen vp at pleasure to catch up with you as always. let's continue with earnings. and airbusto boeing is restructuring its aircraft business ahead of schedule to help cut costs by 300 million euros this year. the company saw a 32% drop in sales in the second quarter because of a dramatic slowdown in commercial plane production. joining us now is the ceo. thank you so much for joining us on the show today. it is great to have you with us. do you think that this restructuring that you have announced is going to be enough to cope with the aircraft slump as a result of covid? >> first of all, thank you for having me on your program this morning. indeed, as you can see in our first semester, we have been looking at the safety of our people and it continues to be our number one priority and we have taken stringent measures to

anarently it did induce immune response, but the authors nothe journal said participants were exposed after the vaccination. it was not possible for them to study and determine whether the vaccine actually worked against the infection. down 1% now. let's look at what is going on elsewhere. a's a prospect perhaps of vaccine which propelled u.s. stocks higher, and we are seeing that across this part of the world as well. shanghai taking back some gains we saw yesterday. singapore fell, and taipei all in the green. haslinda: plenty more in the next hour of bloomberg markets: asia. stay with us. this is bloomberg. ♪ h us. this is bloomberg. ♪ haslinda: it is almost 11:00 a.m. in singapore and hong kong. welcome to bloomberg markets: asia. rishaad: this is a look at our top stories. north of 200ation billion dollars between listings in hong kong and shanghai. new york, though, missing out on the action. haslinda: the race is on to find a covid-19 vaccine, as global infections approach 13 million. cases whiles new hong kong says -- rishaad: the pandemic may have changed the aviation industr

facing anare unprecedented challenge in keeping themselves and their families safe during a pandemic.public health officials emphasize that we need to --ially distance and walked wash our hands. we are looking for more to protect themselves. those without scruples are actively exploiting consumer fear and anxiety. market -- weulated have been collecting evidence of it to thesending federal trade commission. it includes many misleading claims for those suffering from addiction, asacco well as those making false claims on female fertility. when the coronavirus appeared, we knew the hucksters would not be far behind. first, we vote about televangelist jim baker, whom we heard the senator described. advancing the claim that products containing colloidal silver could cure coronavirus. ity had previously claimed cured allere is no evidence thar supplements heal or treat any symptoms. colloidal server, in large amounts, can be dangerous to kidneys and major organs. it can cause permanent discoloration of a person's skin or major organs. sent a request asking for enforcement on supplements be