in this period the soviet union crumbles and what that meant was that the moderate reaction of the ancmore power and global connection than the radical faction because $400 million from the non-communist west had plowed into the anc and training and logistical support and flowed and so we were even at loggerheads. people on the grounds were down for a total revolution where we take back land, take back the banking and take back the mining and we give the middle finger to the west so when the soviet union fell, that end the support of radicals and so one of the key moves and i will end it right here, in the negotiation that began in late '91 nelson mandela took communists off the negotiating committee, negotiating with the apartheid state for the economy and he put becky, economic trained that became the second president. he put him on the committee and put the radicals on social cultural committees and so what the moderates did, we had a mandate to nationalize essential banks, still imf and the world bank that the loan that is -- loans that were owned to the western world were from the

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is ance said that america place where anyone can rise, and today, there are youth everywhere rising up to help. ien i think about them realized just how undeserving i am to be here. i am so honored by this award and i do not know how to repay you. i may make you this promise instead -- let me make you this promise instead. as long as there is a need, i am going to do it. i promise to continue to rise and serve my immunity and country. -- community and country. [applause] how about standing up? [applause] you did a good job. thanks. >> thank you. pres. trump: fantastic story. a man that i --i spend a lot of time in staten island. frank from staten island, new york. very special place. i spent many an hour and many a day with my father there over the years. just great. nearly two decades ago, frank founded an organization called tall towers, to support family members of first responders. he began this to on a legacy of his young brother, a firefighter. steven is looking down right now and he says, my brother is in the white house doing a real job. he is very proud of you. i know how hard

. >> hope you have a great wednesday i'm ances rifrve >>> a little part of normalcy back.. i'll be eating here every night this week. >> restaurants opening for in-person dining. the first bay area county to go deeper into phase two reopening. next, businesses preparing for the big day ahead. >>> plus, all new for you this morning, san jose serves up the future of dining out. coming up in a live report how restaurants can participate and practice social distancing and have a shot at making a profit. >>> and this reopening means traffic is slowly coming back. next what

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wasn't trying t glorify violence, the administtion around him and e trump campaign were very themselves ance from anything happening in minneapolis. that the trump campaign actually interestingly even said that now ann reporter was treated was wrong and they condemned it.n, network that has been in the trump administratn characterization unfair and an enemy today, the trump campaign wa defending them. a very, very strange -- sorry. go ahead. robert: please. that cnn reporter was eventually released. good to hear tha that news. >> he was. and credit to the photographer for keepingin the camera ro throughout that. and to the reporter himself f keeping his cool. this could have gone very differently i the course of a few hours. robert: tolu, tonight, we alsoi more than 100,000 americans dead due to the coronavirus. over 40 million americans have filed unemployment claims. as we're ting this live tonight, in washington, there e protests on nnsylvania avenue, across washington, d.c., explosive fires in wntown atlanta. and you're inside the white house as a reporter. what is this president going t

just outside our nation's capital, while social ancing, p laying a wreath at the tomb of the unknown soldier. an eerie scene in ironton, ohio, the 152nd memorial day parade, livestreamed, without the tens of thousands of spectators who usually line the streets. and tonight, as the country eases more restrictions, the harsh economic reality. a recent survey finding half of small business owners say they will be out of cash within weeks. california tonight allowing retail stores to begin in-store shopping. some wineries in sonoma county, starting to serve customers outside. >> normally, memorial day weekend would be packed, so we're grateful to have whatever we have now. >> reporter: later this week, colorado will allow restaurants to increase capacity to 50%. and starting june 1st, children's camps can open. small businesses on the jersey shore have been hard hit. staff tell me that money from the federal government has helped. but not completely. they're hoping to make up some of the loss this weekend. what does that mean for the rest of the year? is there any way you can make back t

i think there are a lot neof bues like mine that could easily follow rules to social di ance and have everybody be safe but still have them be abletoto come the store. so, i wish that would open up. a little faster thanit looks, yes. >> tina, what about you, your thoughts on the governor's response? >> i 100% agree. i think at having some real solid guidelines wod be helpful. just saying you can open and ever but he thinks we are opening our doors e people calling and it is like no, we are not open. we are just doing curbside. it idifficult to explain to people. i wish we could have people in the store again. we can only have a certai number of ople in a time. it is not like we have many people in the store. we ould easily social distance to keep people safe. >> deborah with sonoma k outfitters, thu both so much for being with us. >> thanks. ne >> week is the start of a film festival for asian american mediacaamfest. they have helped screenings in the bay area celebrating asian american storytelling, buth because of pandemic they ift th daciy shdetoded festival onlin starting next wee

something that absolutely has to happen and i think everyone's on the same page about that but there's anc real diffe of opinion about how quickly the white house should bemphasizing reopening versus encouraging states to use data, as weijia pointed out, to rationalize w they're reopening and how. remember, just a few days ago, the white house hadolled out these guidelines for states to use in order to decide whether not they could be phased in to different parts of the opening based on the way that president trump is talking at the moment, it seems they have virtually abandonedhat framework. many of the states are clearly not following and there general lack of guidelines coming from the white house and from t c.d.c. and other federal agencies about what should guide states asre they en. this is being led by the president and a lot of his economic advisers who want to focus on reopening while some of the medical experts say there needs to be a slow, steady and data-driven approach to this issue. robert: jonathan, abby mentioned operation warp speed, this vaccine effort inside the white ho

francine: you have seen this before, especially with natural catastrophes, which are huge for in 2017.ancendustry what do you see as the main difference? the economic consequences is also man-made. can you talk us through how this will play out differently from 2017? mario: you are very right. by this crisis extension has not been seen for a number of years. no one has direct experience. the most important thing today is to manage the health crisis, and give confidence to people that their lives are not at risk. and this is something governments have to do, but also companies have to do. we have taken steps with our employees to start providing them with tests to understand who has been exposed and how, and we have been shutting down the offices very early on. the health crisis is the priority. the financial consequences of this can be fought by with actions to launch and support the economies. these actions will create that, and this debt -- these actions will create debt, and this debt will remain and should be the lasting issued over years. it is needed and helpful. i praise the governm

or almost the same day, in ance, the united states and in sierra the alone in africa. and this would be the third wave. that it landed in boston in august, by the end of october the entire united states would be drowning in a sea of disease, from buffalo to birmingham, and dayton to los angeles. this new incarnation, of influenza was different. at first they tried to pass it off, as they had when the first waking through in the spring, as this is just a regular seasonal flu. but when it came back in october, and up in september and october, it was true that this was something that only bore scant resemblance to the traditional flu. one way, that it was different, was the pace at which it spread. it arrived as i said in boston, in late august on the 27th but by t end of october it had covered the entire nation. in fact it had no the same thing worldwide. it also struck with an unexpected virulence in terms of its mortality rates. it had infection rate, generally across the united states of about 28%. and you can see what this ends up meaning for u.s. life expectancy. wi

preservation,ance you still have to be in business.cash flow for the quarter down 44%, worse than earnings. interestingly enough, has not yet been cut. been able toe not rejigger that element. quarter capex was flat. in the meantime, we are also seeing increases in permanent cuts of jobs as opposed to just the furlough on a temporary basis. last but not least, we have seen dividends to help preserve cash. we are running north of 130 billion euros of dividend cuts relative to what we were looking at last. guy: one thing a lot of companies have done is withdrawing guidance. how easy is it to discount what comes next in terms of the european equity story? most companies do not have visibility right now. tim: yes, and it makes this difficult. of doing the process scenario analyses on a couple of court scenarios. one is that the opening up gets progressively pushed out because we have rolling shutdowns with more spikes. it is difficult. if you look at consensus, the with secondr -- quarter is looking for 30% drop in earnings, worse than the

global connection then the radical because $400 million from the non-communist west flowed into the ancover the past years and $400 million in weapons and logistical support and training from the soviet bloc so we were kind of even like loggerheads because the people on the ground were down for a total revolution where we take back the land, take back the banking, the money and we gave the middle finger to the left. when the soviet union fell, that ended the support of the radicals and so one of the key moves in the negotiation that can he very shortly took us off of the negotiating committee that was negotiating in the state. then he put them on the social cultural committee. we have a mandate to tell the bank it had been secured by the apartheid state to take back the corporate funds and redistribute the land and once the soviet union fell once they were commandeered, that was it. we were right back in the chapter from the national consciousness. we were all part of the same party. then it turned into this show that we have now. >> what are the emerging questions that excite you? >> i

speaker pelosi: the judge ruled this week that anc should not be receiving this. secretary of the treasury was supposed to, when the case was resolved, release the funds. they could have done it before, but they said we want to wait for the trial to be over. the court was very emphatic in its decision about this, and i completely -- it is ridiculous that they would be getting in line to get funds from this. because here's the thing. it is important to note this. the money that is being distributed is supposed to be, and this is the standard, sustainability of the business, the entity, the nonprofit. necessary for sustainability. there are 26,000 entities that received loans of over $2 million or more. many of them may be justified. there are so many others who want $50,000 or $100,000 who are not be attended to. in this case, the $8 billion for the tribe, not nearly enough, and i want more because this is about states, municipalities and tribal governments, i call upon the secretary of the treasury to disperse that funding now because the court has ruled in favor

ance forecast coming up. when the murray's started using gain ultra flings... ...they fell head over heels in love with its irresistible scent. looks like their dog michelangelo did too. unfortunately for him, it's more of a forbidden love. new gain ultra flings with two times oxi boost and febreze... seriously good scent. ...and if you love gain flings, you've gotta try the dish soap. across the u.s. there are more than 1 million coronavirus cases with nearly 65,000 deaths. on a positive note, almost 160,000 people have recovered from the virus and 6.3 million have been tested for covid-19 in the country. more than 18,000 of the u.s. deaths have taken place in new york city. the surge of cases in that region still continue. new jersey is now reporting more deaths the new york state. officials there reported another 311 deaths today. that's a second day that new jersey has reported more deaths than new york. we're joined now live by dr. benjamin salter who is in and tendon anesthesiologist at mount sinai hosp

spring and of the participants agencies and responsibilities one if for most legal scholars scholars anc intellectuals in the united states. we are so honored to host this event tonight. without further adieu i now turn things over to noah and mollica. >> good evening, noah and thank you very much for having me tonight to discuss your book. the arab winter. i enjoyed this book, this not your typical book about the arab spring. it's not about the causes of the arab spring, not even about the facts themselves, but what you offer us is an interpretation of the meaning of the arab spring and that is something important and it is something i really, really enjoyed as someone who has followed the arab spring myself very closely, especially around the events in tunisia and egypt. so, i want to start with one point in -- important argument in your book, which is the argument of autonomy and would like to read from it because you say so well, i thought i would read some something. this what you write. in my view, the central political meaning of the arar spring and it's aftermath is that it featu

so we issued a guide yansz ance countries to tell them, you need to have these steps, you need to have public health system and hospital system ready for any surge. you need to be able to test, treat and isolate people who are sick, you need to be able to contain any important new cases. you need to look for a high vulnerability, places like care home school for older people. and this is something that countries really would need to do gradually when they think about easing measures, introducing a physical -- in the workplace and things like that. so we don't know how long this will go for. we know we are at least a year, a year and a half away from a vaccine. there is also a number of trials on different therapeutics to see if any of them can actually work. but i think before we get to the solution, there are therapeutics and vaccines, we have to be careful that we don't go back to very traumatic experience of lockdown that many countries experienced. >> you know there are a lot of people, at least here in the united states, that are looking at the world health organization with a lit

for more than 50 years, wadva ancing >>ideas and tsulg instutions to promote a better world. at www.hewlett.org. >> and with the ongoing support of these institutions: and individuals. >> this program was madeib po by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: as of tonight, covid-19 has killed more than hedin tas ateo in ufectedni well over 1.3 miiohin peopoulese nawi we begin with white house correspondent yamiche cindor,ve and the day's pments. >> alcindor: in muche country, the push to re-open is gaining steam. >> right now i have 100% of an empty dining room,loo if you me 50%, we're cool with it. >> alcindo asuse's top scientists adv wedis into selation. three white house officials leading the nation's pandemic onsere seqst: dranthony fauci, the nation's top infectious disease expert; dr. robert redfield, director of ntthe centers for disease l and prevention; and dr. stephen hahn, the commissioner of the food and drug administration. ngey are doing so after comi into contact with key i

organization to ance a return to play plan. but the little league world series will not be played this year for the first time since the organization began because of the pandemic. in the meantime, the white house today issued new guidance for in the meantime, the white house today issued new guidance for nursing homes. the facilities have beenard- hit by covid-19. >> reporter: nursing home and f long-term careilities in the a past two months, more than 11,000 people have died due to covid 19. acrov europe, some goernments are lifting across europe, some governments are also l the face of stark economic losses. in the first quarter of the year, the overall european economy shnk by 3.8%. >> ( translated ): the entire global economy, and also our national economy in germany, is confronted with the biggest economic slump in our histor we expect the worst recession in post-war history. >> alcindor: meanwhile, coronavirus cases in russia surpassed 100,000, with the country's prime minister now among the infected. in africa, trucks l

anc finally, beause we've kept all of our evidence-based h structures and organizations outside of these walls for .c.,des, places like the c.d statements of health, c.m.s., and the joint commission, things that help us have evidence-based practices in the community, those groups are generally awol when it comes to health practices and transparency be wnd bars. and find that implementing evidence-based practices in an emergency like this is ver hard when we haven't tried to do that before the emergency started. >> knowing who is sick and who is not inside thie prson walls is, obviously, enormously important. that comes back to testing. what can you tell us about the landscape of testing? is it being don is it being done enough in jails and prisons around the country? >> no, it is certainly not being done enough. scores of peoporting theyll have are short of breath, or even people who have objective fever that are not being tested so there is not enough testing. bueyour point is a rally critical one which is these places already have broken systems fopeople whore sick to access any kind o

tiewfer a stribution center that makes personal protective equipment, he ignored his own c.d.c.gu ance and did not wear a protective mask. for the pbs newshour, i'm yamiche alcindor. >> woodruff: also today, the centers for disease control and prevention posted six pages of guidance for reopening schools, businesses, and other groups. the documents had initially been shelved by the white house. another 57 pages of more-extensive guidelines have yet to be released. tensions between hopes for a recovery and fears of new outbreaks made for another choppy day on wall street. but,n the end, the market ma up some lost ground. the dow jones industrial averag3 gain points to close at 23,625. the nasdaq rose 80 points, and, the s&p 500 added 32 points. u.s. senator richard burr stepped aside as chair of the senate intelligence committee, overllegations of insider trading linked to the pandemic. the north carolina republicanun sold large a of stock just before the fincial markets crashed in february. burr spoke briefly today, outside his senate office, after federal agents seid his phone on wedn

ance: we are looking at increase in the public sector debt that is going to be on the order of 15% ortime. maybe a third from fiscal, a third from lower growth, a third from contingent liability. this is a long-standing -- you have to look at the income cost and also the balance sheet costs over time. i think that is something that is not a one-quarter story, not a second-half story. 2021,ooking at the end of our economists are forecasting that you're still about four percentage points below the baseline you were at before the pandemic. i think that is the real story, and that is why this debate in congress for the need for more fiscal report and having to do more on the fiscal side is going to be ongoing. tom: joyce, good morning from new york. your economicd data at j.p. morgan -- how do you your economic data at j.p. morgan into a market analysis? how do you use them as a tool to uess the markets? joyce: we are seeing a debate between economists and strategist on this as well. we are taking a look at which companies are spending their dividends or cutting their dividends. we have s

orking from home patterns, using the internet, electrical vehicle production, as we're seeing the anceest producer now, so all patterns we'll see moving ahead but we'll also see positive innovation out of this as well. >> thank you for joining us. have someasure to time with you. jim corps capital's chief economist. he'll be continuing the us on ation with bloomberg radio at 9:00 a.m. uk time as well. in for that. simon, i'll ask you when we ask you io, i'll the question of the day. why is real and financial world diverging? i have is it assumes that you believe real and financial worlds are diverging. it's a y i think two-part question. in any case, prep for that. about , we'll talk the green recovery the e.u. earmark tens of billions of euros for clean technology as part of its stimulus program. you just saw the french are encouraging people with 7,000 euros a piece to buy electric cars. about renewables. this is bloomberg. ut renewables. this is bloomberg. >> welcome back to bloomberg markets. this is the european open. into the session and we're still seeing gains. the ftse has tur

but these rituals were inherently differential and designed nationalism and rev ance for the federal government. so in contrast to this deferential of this, they had their will. so these americans drawing inspiration from french turned to different forms of mobilization such as town rallies in an effort to engage the public more directly in the deliberative process and give them a voice. some residents even went so far as to reject the legitimacy of the constitutional government and turn to violence as a way to assert individual sovereignty. in the mid 1790s however i argued that two events did the limit of these forms of popular sovereignty. the first being the whiskey revolution seemed to quite clearly indicate the dangers of an excess of democracy. just an as if not more important the failure to prevent the implementation of the jade tree which they admit to embarrassing to them and humiliating insult to ally in france. so i suggest these two events seem to point to the fact that the constitution had had been built to be insulated from these forms of public and popular politics. s

alix: if you wrap that into the ances -- if you wrap that into the treasury issuance, it would bringotal of $6 billion just to fight the virus. michael: at some point, you've got to wonder how much additional debt can the markets absorb. right now, doesn't seem to be anything on the horizon that would suggest a crowding out. we are still seeing corporate borrowing fairly strong. a lot of this is driven by the fact that the fed is going to buy those papers if they need to. druckenmiller's point is the fed might not be able to absorb everything you want to give them. but for now, it is a question of we will do whatever we can. with interest rates so low, we have some runway to do that. then the question becomes how much additional do you want to spend. we were talking to kevin cirilli about the democratic bill. that is $4 trillion in itself, and that is only aspirational. it is basically putting together everything democrats want to mind they throw it out as a marker and negotiate down from that. we'll get some sort of initial stimulus this summer, but it won't be anywhere close to tha

going to start to happen because veterans can't there is a worry that more veterans will require will ance and the system become overwhelmed. can you talk about ways we in congress can act now, to ensure that does not happen, as the country starts to open back? ms. monet: one of the things we have been looking at is providing flexibility to the program to extend out the number of months they can support. fear, once the eviction and foreclose lifted, they e and come in with arrears may be able to access a month or wo of item prior financial assistance to move forward. we are not sure that is enough. we are also looking at the hb rp program. that is tied into the housing and homeless system in a way that others are not, so looking at how we can tie those programs together to provide seamless services for veterans who are losing jobs and are also housing insecure. >> we will take a look at that. thank you. and rashida, i am impressed with your innovations. thank you, i yield. thank you, ms. lee, it is impressive. they figured out how to do the up there and keep her position stationary in the

and in this period the soviet union crumbled and what that meant was the moderate faction of the anc had more power and global connection than the radical faction because $400 million from the non-communist west and flowed into the anc over the past 30 years in cash and $400 billion in weapons and logistical support and training and flowed into the anc on the soviet bloc so we were kind of like even at loggerheads because the people on the ground were down for a total revolution where we take back the land. we take back the banking, take back the mining and we get the middle finger to the west but when the soviet union fell, that ended support of the radicals so one of the key moves out and it right here in the negotiation that began in late 91, nelson mandela very shrewdly took all of us communists off of the negotiating committee that was negotiating with the apartheid state for the future dispensation of the economy and he put an x economic school trained person, he put him on the committee and he put the radicals and put them on a kind of social cultural committee of negotiations