the folks at bain capital are united to do that.hole nba is behind that effort and we must make the change in this country. to thewhen it comes investing landscape, seems like your rivals are building bigger and bigger funds to change venture and growth equity investing, whether it is blackstone, ppg has a sizable business. lots of hedge funds are getting into private market investing. does this new money know what it is doing and understand the returns they are trying to chase? steve: it is interesting. i remember doing interviews in the 1980's, the late 1980's, and the question was, are there too many people in private equity? too many venture firms? at the time i thought, the industry is growing and maybe there was. turns out the model of private equity and growth capital has worked well. the governance model. and the firms, and bain capital leading the way, driving transformations of businesses. we have had excellent returns for our investors, and we have created a global firm with 1000 people and $100 billion in capital that st

sticking with aviation, bain capital looks at it. the airline collapsed back in april.ed for the details. ishear a lack of engagement why they called it out. >> it almost seems like a form of ghosting. --y have not recalled returned emails or meaningfully engaged. both bidders were aiming for a smaller brand. had planned to bring their headquarters to queensland. we will have to wait and see. they are in deep, deep trouble. they had lost money for seven consecutive years. they collapsed and the government refused to help. haidi: paul allen in sydney with the latest. let's get a quick look at headlines. the latest figures show u.s. airlines are still struggling to get back in the air. the number was just under half a million. that is better than the previous week. u.s. carriers are currently operating at 40% capacity. nike revenue fell 38%. than a estimates by more billion dollars. nike says it has devised an online strategy. but booming e sales were not enough to make for lost revenue. of nike's biggest endorsers, lebron james, is on the cover of this week's bloomberg b

the government refused to step in with the bailout, so this bain deal, the last team standing, this bain save the finisher and we'll see what virgin looks like going forward. tom: does the deal face any regulatory hurdles or is it smooth sailing from here? paul: in terms of regulatory hurdles, it does appear to be plain sailing. they had review from the board before this happened. the understood clearance from the treasurer. there could be a couple of bumps on the road. virgin bondholders submitted their own plan to swap debt for new shares, so we'll have to wait and see what the fate of that plan is. but i guess the biggest challenge is the big picture, which is far from rosie. we've had another outbreak of coronavirus in the state of victoria between australia and new zealand, and it seems australia's going to keep his borders closed to tourism through 2021, so an uncertain future in the industry as a whole. david: something to watch moving forward. the story and qantas, as well, to complicate the competition and competitive lionsgate. paul allen out of sydney. let's have a look at the

with bain's dying at record rates these beekeepers are protesting against german chemicals giant bale and a 2 insecticides. we are the victims we provide a huge service to society our bees pollinate food crops and this is the thanks with us. for decades studies around the world have highlighted the dangers of certain insecticides something bad was keen to hush up they wanted to.

doesn't just look not great it just sounds horribly irresponsible but what sort of reaction is that bain well he himself has apologized profusely and his why. and he has tested positive upon reentering his children tested negative so far he said he had good intentions and believed conditions for the tournament have been met other tennis players are voiced less will more aggressively. carry off a player who's attracted much control of the on and off the court said that this was a boneheaded decision and that he asked his critics not to criticize him for being irresponsible or being classified as stupid because he says this takes the cake andy murray is a close friend of joke of it said this is a lesson for us and that's quite up considering he is currently part of the battle of the brits another tournament being held in the u.k. which is being held behind closed doors with a lot more restrictions than the andrea tool was and martina navratilova says there's a definite pattern here with these types of events causing more outbreaks and she questioned whether the u.s. open and french open co

with bain's dying at record rates these beekeepers are protesting against german chemicals giant they are and it sector sides. we are the victims provide a huge service to society just like our bees pollinate food crops and this is the thanks of us. for decades studies around the world have highlighted the dangers of certain insecticides something bear was keen to hush up they wanted to keep it secret they didn't want to publicize something which would be damaging for the company of it being a city by which to start a debate so they could carry on making money with. these insecticides known as mere negative point have earned billions for the company a case of placing an innings of about ethics or 13 that i know from on what isn't normal is breaking the laws concealing facts your guess should you shores up. how influential is the bay a group and to the authorities fail to exercise proper oversight. but i scull in southwest germany is a fertile region and home to plenty of canola and corn fields cost of car runs of be found here. he's passionate about what he does his bees are like part

the of humanity we have done it we can do it we have done this it is democrats under under lyndon baines johnson a sudden segregationist who signed more civil rights legislation than anyone you know and it was it was as much as i you know can critique bill clinton and i do he did you know fend off attempts to destroy affirmative action for example it was barack obama that you know didn't pursue current practice lawsuits against police departments which were chronically abusing people and he initiated the 21st century policing effort to try to reform policing so we have it within us to do the right thing but we cannot say that we've been pure and they've been bat the bottom line isn't we have the chance to be better to live up to our highest noblest ideals or to betray them democratic party has also said that we're going to have you know basically cut welfare for poor people inst on the other end not creating more jobs and on the other end assist in the hurt of the damage of unions and on the other hand allow big banks to just get bigger and bigger and bigger and bigger we don't we've bee

support it simply you know do on the one i'm trying so desperately to clean up the carpets so in a bain capital kind of memory has to be both of you at the same time here in ohio it's a game yeah it is focused on trying but the danger is here to take out trump as it were if you. you're going to create institutional damage because i don't think they want a grand transformation just the opposite they want to know joe biden nothing will significantly change this course by trying to take trump out does incur massive institutional damage i mean they want poll at the same time you can't have oh ok so i mean at i think they do want to keep the institutions that they had under bush under clinton bush obama and yet became rich yeah they want that for example they want that war machine intact they want the globalism intact they want the manufacturing that's that has left the united states they want that to continue so they do want the institutions the wall street intact and i'm not saying that trump doesn't support those very same institutions i'm not saying that but in their mind in their mind t

them to put millions of dollars into this great private equity fund mitt romney you know over there bain capital all hell you know will make a lot of money for folks well no mitt actually you down and that's a giant scam well all our presidents all are former treasury secretaries all our federal reserve chairman they all work a private equity or hedge funds and write the presidency is just a way to get something on your on your resume so that you could leave and then do something like productive in your life all right well we'll take a break and when we come back much more coming your way. we go to work. straight whole. thing. welcome back to they report imax ties are time now to turn to stephen call it if it's going has that investor stephen call welcome to the kaiser report and welcome back thanks for having me so let's discuss inflation and war so one of your recent quotes is that bitcoin lets you legally opt out of the inflation tax can you elaborate on this what's war what inflation stay in absolutely the endless war that is all are around us all the time that we've gotten way too u

them to put millions of dollars into this great private equity fund mitt romney you know over there bain capital all hell you know will make a lot of money for folks well know mitt actually you don't and that's a giant scam well all our presidents all our former treasury secretaries all our federal reserve chairman they all work a private equity or hedge funds and write the present. say it's just a way to get something on your on your resume so that you could leave and then do something like productive in your life all right well let's take a break and when we come back much more coming your way. we go to work some straight home. the simple things workshops and peter's back up public spaces where adults with learning disabilities can engage on equal terms with creative activities like graphics sewing ceramics. cookery and joinery. just really could do you should what's in your records. for your part just as what it really of one case a couple of. the underlying idea of the workshop is a calendar of happiness which they fill for a whole year to find joy in the little things of. god are si

one of her close friend here is gordon bain, who we've come across this morning.he like? vera was a lovely person, she was seen around the village regularly and would have conversations with village members with no airs and graces. she was a lovely person. you once saw her singing person? i did, yes, it wasn't onstage, it was at her home andi wasn't onstage, it was at her home and i think the occasion was her 95th birthday. they had invited an act to sing along for the man vera joined in and i remember it was the white cliffs of dover she was singing. and you are going to see her daughter and son—in—law this afternoon to talk about the arrangements for the funeral. yes, ina arrangements for the funeral. yes, in a couple of hours i'm going to see tom and vergini and see what the arrangements are and where i can help and the funeral should be about three weeks from now. she will be greatly missed. she will be greatly missed, she was a great personality in the village. thank you very much indeed, those arrangements are in place for the funeral. everybody who you spea

them to put millions of dollars into this great private equity fund mitt romney you know over there bain capital all hell you know will make a lot of money for folks well no mitt actually you down and that's a giant scam well all our presidents all are former treasury secretaries all our federal reserve chairman they all work a private equity or hedge funds and write the presidency is just a way to get something on your on your resume so that you could leave and then do something like productive in your life all right well we'll take a break and when we come back much more coming your way. we go to work so you stay whole. get. that. fixed. and so are you can't get away from advertisement to change your appearance. many local people see plastic surgery as a prerequisite for a successful career employers are often most interested in a job seekers appearance as a graduation present parents often give builders plastic surgery for an extra fold in the eyelids to make their eyes look they go. almost every korean teenager dreams of looking just make them pay idols. welcome back to a report imax

racism and police brutality a group of 54 african nations call for action diplomatic editor james baines reports from the u.n. in new york this was a meeting that was only organized in the last few days we're here this afternoon to hold some debate on the current racially inspired human rights violations no mention of the u.s. all the protests following the killing of george floyd in minneapolis last month but that was the main focus more of the main speakers by video message was mr floyd's brother if you want to hear matinee says are your brother the 1st escape of air america and you have the power to help workers get justice from barbara other jurors blow it up x. if you can help him exit you to help me i'm back you help earth black people and america it was a number of african nations that organized this last minute meeting and it was the most senior african in the u.n. secretary at the deputy secretary general of the united nations i mean a mohammed who addressed the gathering by video link from here u.n. headquarters in new york she described the fight against racism as today's sacr

them to put millions of dollars into this great private equity fund mitt romney you know over there bain capital all hell you know will make a lot of money for folks well know mitt actually you don't and that's a giant scam well all our presidents all are former treasury secretaries all our federal reserve chairman they all work a private equity or hedge funds and right at the present. see it's just a way to get something on your resume so that you can leave and then do something like productive in your life all right well let's take a break and when we come back much work coming your way. some control from the middle. of the night most of them are very hardworking people who want to get ahead that have either have some some health issues or have some of them had a stroke of bad luck the whole time is paying for a place to live and missing just a month's rent can get she was a victim. if anything bad happens to any thing that just throws your budget off slightly. better catch up real quick or you're going to have a judgment of possession against you and get a ticket anyone that's homeles

them to put millions of dollars into this great private equity fund mitt romney you know over there bain capital all hell you know will make a lot of money for folks well no mitt actually you down and that's a giant scam well all our presidents all are former treasury secretaries all our federal reserve chairman they all work a private equity or hedge funds and write the presidency is just a way to get something on your on your resume so that you can leave and then do something like productive in your life all right well we'll take a break and when we come back much more coming your way. in the troubled 19 seventies a group of killers rampage through parts of northern ireland that was coordinated loyalist attacks protecting only catholic population and tens of thousands were forced to flee their homes and what was striking to put these attacks was that the are you see the police actually took part in the attacks so instead of preventing it they were active participants in the burning of full streets in belfast at the take more than a 100 innocent civilians women. as the review can senior

tradition to speak to the nation on sunday going back to lyndon baines johnson.hen will he speak to the nation? kevin: i am told that the president later today will be meeting with william barr, hosting a series of conference calls with attorney generals and governors from across the country. this comes as dozens of protests all around america continue to erupt following the killing of george floyd. here in washington, d.c., there were clashes between protesters and secret services -- secret service officers and police officers. there were a series of police cars across the country that were lit on fire, and protesters in some cases clashing with police in very aggressive and sometimes violent encounters. tom: kevin, what will be the political divide on this monday? how will democrats respond, including the vice president, and how will the president and his core constituency respond? what should we look for? with ayesterday i spoke senior advisor to former vice president joe biden's residential campaign, and i asked that question, and what biden'sce -- joe presid

and cities to rethink their reopening strategies the country's top expert on infectious diseases bain's people for ignoring health guidelines dr anthony found she has called it a recipe for disaster obvious errors christensen only has more. with long lines for tests and new coronavirus cases surging texas and other u.s. states that were some of the quickest to reopen for business are now worried that their hospitals are approaching capacity and rethinking their strategy and florida's broward county the famous fort lauderdale beach will be closed for independent state july 4th i'm hearing from our hospitals that there have been a large number of patient influx and if we don't control the spread we might have a situation where we have to ration health care for someone who is ill and that is definitely not a place that we want to be same for california beaches many people. were not necessarily being as responsible as they otherwise as we would like them to be as a relates to practicing physical distance and social distancing people that weren't wearing their face masks and in california an

there is a sale going on at the moment, and it looks like it is going to be sold to bain, one of thepulled out overnight and had complaints about the sale price. shery: does this make qantas stronger in its position in the domestic market, perhaps even though it will get smaller in the near term? dave: obviously it will be smaller, about half of its traffic is international roots and those are closed, and not likely to return for a couple of years, at this stage, qantas says. but all those those international roots -- but although those international considerable, they are only about half of its profits. you have to fly long distances, put your crew up in hotels, so it is less profitable. so it has been reduced to the more profitable part of its business. for a long time, i have been writing that qantas should focus more on the domestic end of its business. and also, it is an opportunity to do other things that should have done for a while. it is grounding its fleet of a380s, huge gas guzzlers, hard to fill up. this is something it should have done a long time ago. so essentially, it

same the kerner commission named after illinois governor auto kerner was formed by president lyndon baines johnson after civil unrest in the mid 1960 s. and it reported back in 1968 that. our nation it said is moving toward 2 societies one black one white separate and unequal the commission identified some specific things that had led to the boiling over of civil unrest in 19671968 including discrimination in policing and the justice system unemployment and the exclusion of communities of color from full participation in the democratic process now a lot of things have changed in 52 years we've had a black president for example elected twice by the people of the united states a lot of things haven't and i think if we look back at the findings of the kerner commission so long ago so many decades ago we can see that many of them still hold true today and nothing is changed all right thank you for that very important history lesson and put all this in perspective rob and also live in los angeles thank you. there's also been criticism of the police response after a car was seen ramming into dem

california park officials are debating renaming bain the american river mined by african americans during california's gold rush. changing the name as been debated since 2018 when the first online petition began and thereto a heated debate. >> it was offensive way back when. i couldn't think of a name of the base when it was captured. this point, it has more than 68,000 signatured. >> a tow truck driver helping a stranded driver on the side of the freeway was hit and killed. it happened on the side of 280 between farm hill and edgewood road in the hills above redwood city. is pow truck driver was hit by a lumbar truck yesterday afternoon. it was part of the state's patrol. s to switch lanes and leave room for emergency vehicles, caltran vehicles and tow trucks on the shoulder. >> time 6:15. there may be a new concern as colleges and universities prepare for when the students and staff eventually come back to campus. months of being used, plumbing at many colleges may be a problem. stagnant water increasing the levels of metals and harmful bacteria. the cdc released the guidelines and mini

bain capital is said to be hiding a stake -- eyeing a stake in italian soccer.are offering around $3.5 billion for eight when he 5% stake. -- a 25% stake. both want to invest in the unit that controls tv rights at a time when soccer and other sports are suffering from coronavirus restrictions. atcoming up, we get a look the state of the travel industry and how hard it has been hit amid the virus upright. is bloomberg. ♪ >> let's get a quick check of the latest business headlines. chinese tech firms are expanding their footprint in hong kong, even as the pandemic prompts some to consider scaling back in the world's most expensive office market. alibaba and the tiktok owner signed up to take on more space in times square. the move follows this week's secondary lifting in hong kong and next week's debut from jb.com. adobe reported rising profits,, even as demand falls for it advertising cloud project. the software maker declared income of over $3 billion for the current quarter. operational costs fell during the coronavirus pandemic. the better-than-expected result

bain capital has agreed to buy virgin australian. the terms of the deal were not disclosed.says a significant amount of capital will be injected into the airline to wipe out virgin -- global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. bloomberg. ♪ >> especially with texas being one of the largest gdp contributors, it is concerning. impact will lead to several other states closing down officially, putting in those quarantine measures, and if that happens to us, that will setback the economic recovery that has been going on since april. an of wellsnna h fargo and this program about an hour and a half ago. alongside tom keene together with lisa abramowicz, i'm jonathan ferro. need an hour without the stupidity of my colleague, mr. tom keene. i will be catching up with mom and el-erian. over to you, tom. tom: thank you so much. greatly appreciate that. mohamed el-erian will be fascinating. it is a treat to bring in brad setser. it was a young guy when the papers came

i bring this up because gold starts again in the united states and bain capital seems to be making atake in italy's top soccer league. we call it football, but one of my to call it on this. it is interesting, potentially getting a bid for pain. considering what happened with the football leagues around the world. maybe some of those sports bettors that have been in the stock market, maybe they will go back and take a look at what is happening in the sports market. alix: i had the feeling you were going to bring up sports so i can say things like sports. we are done. ons is it for guy and me "the european close." coming up, david westin will be speaking in an exclusive interview with nancy pelosi. this is bloomberg. ♪ ♪ david: from new york to our tv and radio audiences worldwide, welcome to "balance of power" where the world of politics meets the world of business. i am david westin. we will speak later this hour in an exclusive conversation with nancy pelosi. first let's get a check on the markets with kailey leinz. it is not looking very pretty today. kailey: it is looking ugly. th

hasre now hearing that bain committed up to $1.25 billion australian to relaunch virgin australia.king for clarity as to what this looks like on the other site, given there is talk about it being relaunched as a smaller outfit. this as qantas goes through its own structural pains to deal with these travel restrictions and the complete destruction in travel demand. virgin australia shareholders are some of the biggest names in aviation. coming up, falling prices are hurting australia's coal miners, but there is one commodity that is defying the slump. that is the continued strength in iron ore. we get the forecasts next. if you are away from the screen, find in-depth analysis and the big newsmakers on bloomberg radio. we are broadcasting live from our studio in hong kong. you can listen at bloombergradio.com. this is bloomberg. ♪ haidi: australian coal miners are feeling the brunt of the slump in commodity prices, but there is one commodity continuing to defy the malaise. that is iron ore. let's get more from our reporter david stringer. let's start off with thermal coal prices. in

todd: the trump cam bain says concerns over -- campaign says concerns over the coronavirus caused manyupporters to stay home on saturday. that was david spunt reporting. jillian: at least one person shot inside seattle's chop zone overnight after a teenager is shot and killed over the weekend. as other major cities see a rash of weekend violence. todd: doesn't this prove how much we need law enforcement? retired nypd lieutenant darrin porcher with a powerful message on how to take back our streets. he's coming up next. i got this mountain bike for only $11. dealdash.com, the fair and honest bidding site. an ipad worth $505, was sold for less than $24; a playstation 4 for less than $16; and a schultz 4k television for less than $2. i won these bluetooth headphones for $20. i got these three suitcases for less than $40. and shipping is always free. go to dealdash.com right now and see how much you can save. [male narrator] sixty-one percent of boys & girls club kids rely on free or reduced breakfast and lunch at school. and with schools suddenly closed, families and communities across am

footnote, you have to call this president the modern civil rights president, going back to lyndon baines johnson. has in a positive way helped the african american movement. [indiscernible] came tosident washington [indiscernible] obviously historical black colleges. mater.ed my alma prison reform. job opportunities as well. if he comes through with the civil rights act of 2020, he will be the president -- the greatest president with the black community going back to abraham lincoln. maybe not today or tomorrow, but history will be on his side when people see who really helped african-americans. it is donald j. trump did this president is the leadership we've been asking for for years. he is a straight shooter. [indiscernible] he has done what he said he would do. obviously, media they feel like the black community is a captive audience, so does joe biden and the democratic party. right, we have african-americans on the side of joe biden in the democratic party has not been on the side of black people. [indiscernible] media toby the liberal keep black people on the plantation. you can as

. >> host: the cover of the book really is an iconic photograph of lyndon baines johnson and i believe it was during the height of the vietnam war bread is that correct? >> guest: that's correct. 1968 and the tet offensive have happened and martin luther king d d been assassinated and robert kennedy had been assassinated and what he is doing in that picture what we know we won't know all of it and we don't know what is on his mind but he's listening to as tape recording from his son-in-law who then went on to be the governor of virginia and then senator from virginia and heo was a marine lieutenant in vietnam sending audiocassettes to his a father in what was happening in vietnam where johnson wanted a battlefield perspective and he was worried she was not getting a straight story from his general and so he was listening to the tape in that picture and that is the background for that picture and you can't see that the tape recorder on the cover because the book would have been too long. but it is the kind of agony or conjures the agony and weight of the office then when you open the bo

footnote, you have to call this president the modern civil rights president, going back to lyndon baines johnson. why? his policy has in a positive way directly impact and helped the african american movement. [indiscernible] this president came to washington [indiscernible] he has come with a people's agenda, but also an african-american agenda. he mentioned historical black colleges. he helped my alma mater. certainly through prison reform. job opportunities as well. if what i'mou this, hearing is correct, if president trump comes through with the civil rights act of 2020, he will be the greatest president with the black community going back to abraham lincoln. maybe not today or tomorrow, but history will be on his side when people see who really helped african-americans. it was donald j. trump. this president is the leadership we've been asking for for years. you know where he is coming from. he is a straight shooter. people said they want honest politicians, no they don't, because president trump has been as open and honest as anyone. he has done what he said he would do. the libera

footnote, you have to call this president the modern civil rights president, going back to lyndon baines johnson. why? his policy has in a positive way helped the african american community. [indiscernible] this president, president trump, has come to washington [indiscernible] has been an african-american agenda. obviously historical black colleges, which i am a proud graduate. he helped my alma mater. prison reform. job opportunities as well. i can tell you this. if he comes through with the civil rights act of 2020, he will be the greatest president in african-american communities going back to abraham lincoln. maybe not today, maybe not tomorrow, but history will be on his side when people see who really helped african-americans. it was donald j. trump. this president is providing the type of leadership we've been asking for for years. you know where he is coming from. he is a straight shooter. people say they want an honest politician. they do not. he has done what he said he would do. the liberal media obviously, they feel like the black community is a captive audience, so does joe

you know, in 1968 for all his faults and there were a number of them lyndon baines johnson set up the commission which proscribed a lot of changes and reforms and public spending on housing, education, jobs for working class black people. we cannot envision remotely that kind of response from this president. the kinds of concessions, the kinds of resources that are going to be given will really come from the movement putting pressure on politicians that will listen but also just being unrelenting in the democratic demand for economic justice and an end to police violence. >> thank you so much for your time, insight, and educating us all. thank you. >> thank you. all right. still ahead, cnn has learned that two buffalo police officers, seen in that shocking video, that moment of pushing the 75-year-old protester to the ground, are being charged. 12 days of protesting continues as demonstrations pop up from new york to los angeles. we'll have live reports, next. i. we tossed the stuff that wasn't working. stuff like foot-long bills and fees from nowhere. time-wasting stores, misleading

the president's made false claims about who was, in facot receiving bain the golden state. >> peoplet aren'citizens, illegals, anybody that walks in california is going to get ballot. >> reporter: it is those individual states-- not the deral government-- that determine the rules for how votes will be cast in november. and in the face of the pandemic, more states-- both red and blue-- are looking to expandee absent and vote-by-mail options. and, so far, the trump campaign and state republican officials are still encouraging their voters to vote that way, if they choose. for the pbs newshour, i'm william brangham. >> woodruff: as cases of eronavirus continue to sp overseas-- notably in brazil, d india-- one nation from the outset sought to beat covid-19,n has apparently succeeded: vietnam. ndthoritarian country instituted mass quarantinesocial distancing, and-- as special correspondent mike cerre reports-they flattened the curve. >> reporter: "when china sneezes, vietnam is the first to cah the cold," as the vietnamese like to say given their shared border. the 2003 sars virus outbrea

about enough it's not going to work because of social distancing social distancing has become the real bain of small business and a boon to larger ones. again, while that's not really anybody's fault, it's producing terrible outcomes. lately we've been seeing some real improvements in the coronavirus numbers. however, that's only happening due to the widespread adoption of masks and social distance guidelines the problem, though, it's very hard to make money at a restaurant or a retailer if you're not allowed to -- if you have to wear a mask at a bar it's such a buzz kill. and you can't have crowds anywhere the restaurant industry employs 15 million people. social distancing means losing a ton of tables and a lot of bar space. the latter is brutal because alcohol is where the money is. let me give you a concrete example. i walked through this. i decided this is how i'm going to explain it because it keeps eluding people -- it's driving me crazy costco last night costco reported 5.4% same store sales growth since last year. wall street was looking for 1.6% they saw an incredible 1.06 increas

holm played bilbo bain "the hobbit" and "lord of the rings" trilogy. he was also a long-time member of the royal shakespeare company, and known f his award-winning performance in the title role o"king lear." ian holm was 88 years old. and, an abandoned bus in the alaskan woods made famous by the book and movie "into the wild" has been removed over safety concerns. state officials said tourists routinely needed rescuing from the site, where they paid homage to a young man who died of starvation there in 1992. an alaska national guard helicopter airlifted the bus from near denali national park to an undisclosed te. still to come on the newshour: the united states continues to grapple with racial inequality on this juneteenth. george floyd's killing sparks widespread protests and demands for justice across afric wearing a mask becomes an increasingly political act asnd the ic persists. and, much more. >> woodruff: as we saw earlier, people across untry today are observing juneteenth, a holiday marking the end of slavery in the united states. the commemati

host: the cover of the book is really an iconic photograph of lyndon baines johnson, and i believe it was during the height of the vietnam war, is that correct? right.that is it is a 1968, and the tet offensive had happened, martin luther king had been assassinated, robert kennedy had been assassinated. but what he is doing in that picture, what we know -- we don't know all of it, and we do not know what is on his mind, but he is listening to a tape recording from chuck rob, his son-in-law, who on to be governor charles rob, and he was a marine lieutenant in vietnam sending back audiocassettes to his father-in-law about what was happening in vietnam, and johnson wanted kind of the battlefield perspective. he was worried he was not getting this great story from his general, so he was listening to the tape in that picture, and so that is the background for that picture. you cannot see the tape recorder on the cover, because the book would have been too long, but it is the kind of agony, conjures the agony and weight of the office. when you open the book, there is a picture of president

bain capital is looking at italian possibilities. in privatea pickup equity interest. in difficult financial situations. are the vultures circling, so to speak. paul: they will be taking advantage of a vulnerable situation. clubs will be open to those kinds of investment. football is the number one sport in the world. it will always be attractive to investors. the game is an obsession for most people in most countries. in our industry, in these difficult times, even in recession, it is attractive to investors. i do not think that has changed. anna: thanks very much. we will see what difference it makes in the national news. ceo.barber, club thank you for joining us. coming up, nike takes a knee. eenth a paide junet holiday. this is bloomberg. ♪ year welcome back to the in market open. it is friday. we are 63 minutes into the session. pointing to the upside after heavy losses in yesterday on the stock market. nike has told employees that june 19 will become a paid holiday. a day also known as juneteenth marks the end of slavery in the united states. it is the latest mov

well based on the population of 16 percent own people you know so just imagine a 16 percent of bain people and they have had to walk around watching the statue in their daily lives. within their city you know so it is a huge it's been a huge huge insult and they have tried using the correct. using the law basically you know writing and using the right this what does it replace you know but they haven't worked you know so petitions haven't worked the calls to the local authority haven't worked so you can understand you know what you see the support for response across the u.k. across the world want people to speak out loudly that racism that is a problem our society and we could see now that people are saying that they're not going to put up with this and. and this statue being brought down was a message from those people showing that you know they're tired of the structures that are in place and the tide of not being listened but it's also let's look at the government's response to what actually happened in london at the weekend though they've government says that some of those some of tho

they chose private equity firm's bain capital and sarah's capital partners as the last two suitors forou details when we have them. rish? rishaad: bloomberg invest dynamicrings the most thinkers, and one of the participants is joining us from wellington. and it's sheila patel. great to see you. are.us an idea of where we let's have a look at where we are in terms of your business 's been happening at the market. seeing lockdowns easing in some parts of the world and some reinstated. sheila: thank you for having me. so much has changed. we are in an interesting juncture. we are seeing clients shift from the immediate challenges of negotiating this crisis to really saying what are the long-term perspectives i need to think about for allocation and portfolio? what trends will be sticky from these events? i think work from home, changes to health care, processed around the world, the health care industry, obviously the adoption of new technologies, these are some of the trends that will be picky over time and clients are trying to make sure are captured within their portfolio. thingd: shei

bain capital is said to be eyeing a stake in top-level italian -- putting it in direct competition withal. they are offering $3.5 billion in a stake. they offered 2 billion dollars for 20%. both want to invest in the unit that controls tv rights at a time when soccer and other sports are suffering from coronavirus restrictions. the u.k. is said to be formally set to rule out the brexit extension for the deadlines during talks with e.u. officials later on today. let's bring in derek wallbank for more details. of course, brexit does not stop just because there is a pandemic. in the background, all of this is still dragging on. what more do we know about what we expect to hear later on today? way to is a really great phrase this because when you are looking at the difficulties that the u.k. in the european union are having in terms of their deadline,tead of the the coronavirus does come to the fore. it's complicated a lot of this. the latest thing we have is that the u.k. will introduce a temporary light touch customs regime at its border with the european union next year. in an attempt to

presidents, mark is the former director of the lyndon baines johnson presidential library. in 2017 he spoke of his biography of george h.w. and george w bush. >> i've only had one other father-son president in the history of united states. there is jon adams and jon quincy adams and there's nearly a quarter of a century between the presidency of those two men. jon adams was in his last 16 months of life when jon quincy adams was in office. he is in quincy, massachusetts, three-day stagecoach ride let me change that six-day stage coach right away from washington. he is not able to be in washington to be any kind of influence on his son's presidency. he's a spy 76 years old when his son took the office he been there before he is in a position to be a real influence on his son's life. this is a story that needed to be told. and they agreed to do it if 43 was george w. bush agreed to do the book. i wasn't sure if he would say yes or no i knew georgia b bush a little bit he took the meeting and i was shocked the beginning of the meeting he said i'm sorry this story is retold and

presidents former director lyndon baines presidential library in 2017 he spoke about his biography ofgeorge hw and george w. bush. >> we only had one other father-son president in the history of the united states. john adams and john quincy adams was 24 years nearly a quarter-century near during the presidencies of those two men john adams was in his last 16 months of life when john quincy adams was in office he was in quincy massachusetts three-day stagecoach six days stagecoach ride away from washington. he really wasn't able to be in washington to be any kind of influence on his son's presidency. george hw bush was a spy 76 years old when his son took the office he had just been there eight years before and he was in a position to be a real influence on his son's life. this is a story that needed to be told and 41 agreed to do it if 43, which george w. bush agreed to do the book. i wasn't sure whether he would say yes or no. i went up to dallas i knew george w. bush a little bit he took the meeting and i was shocked that in the beginning of the meeting he said, i've decided this st