working on developing and consolidating a policy on that matter very much of the banking association position what the governor of the central bank has said but you are developing a position different assessments to reach. developed position of position which is a position of the government to negotiate. to be the basis of the negotiations and never suggested nobody would suggest that it's an easy matter we're coming out of a very messy situation the situation is still difficult economically with its social and other implications of the country but this is what you are committed which has to be to go into a real change real reforms and let's wait and see for you as you know concerned observers if you succeed if you don't succeed we draw the lessons of the past that you rightly described and you have to get out of you know of that situation that existing that existed in the past and that had very dramatic effects on the values economy and the many polity and generally not only politics mr he it might have been a good idea if you consulted the banks on the rescue package hardly a brilli

we know the american banking association is behind this. the aba to push the republicans to -- liz: too much weed discussion. cannabis. you say cannabis, people start listening. all the cannabis stocks that we showed, multiple ones are in the red right now. boy, their time at least about a year ago, they were all charging ahead. we are watching that story. we will try and reestablish with charlie. i'm just saying that because we're -- we're done. there you go. we have some cannabis names there. well off their highs of the past couple years. >>> the dow is charging higher and is well beyond the original highs when we went into this hour. we had been up about 143 for the high of the session. now we are at 253. i want to take a quick look at some of the major financials. all of them are up right now. this ahead of the bank stress test results that will be released after the bell today. our "countdown" closer has all the details you need to be watching and he knows, he was a former federal reserve economist under paul volcker. "the claman count

an example would be if someone was accused of robbing a bank would you trust the national bank robbers association to do an unbiased the situation certainly not it's pretty absurd the cia do you trust them to investigate themselves or do an unbiased investigation no but somehow people think that a police department is going to investigate themselves from a person who is the commander of the investigations division which included internal affairs i'm going to have some guy investigate someone else or girl who's on their bowling league i think not it needs to be taken out of all the states municipalities need an independent investigative unit which can not have a retired police officers on it it should probably be attorneys that will give the public the confidence that police departments aren't covering over their own investigations and that is a good point that was definitely something that was brought up about 5 years ago with the death of freddie gray and baltimore what about before you get the bad comic you wrote a book about this what about the police academy what do they teach you there and sh

from march of 2016 to march of 2019, domestic net interest income at the association's bank fell from trillion. may be just growing more slowly, no, it actually fell. the average net interest margin is a gauge of lending profitability and has narrowed the 1.8% to 1.23% when policy was introduced. the bankers are grateful. they give the boj high marks. remember how chaotic markets -- markets. all sued the this is very important. they applaud the boj for giving them 0.1% on reserves held at the boj to max the amounts they have lent out from their free loans from the boj. they are appreciative for what they have got. does not mean they are ready to help the boj out by expect negative -- accepting negative rates. >> what does it mean for next week when it holds that today policy meeting? kathleen: it is a pretty easy question in a way because they are not expected to do anything. they are not expected to lower the negative rate any further when they meet on the 15th or the 16th. the boj has had a pretty aggressive virus response as well. they pledged to unlimited bond buying. introduced t

bank. ♪ i'm an associate here at amazon. step onto the blue line, sir.erature check. you're good to go. i have to take care of my coworkers. that's how i am. i have a son, and he said, "one day i'm gonna be like you, i'm gonna help people." you're good to go, ma'am. i hope so. this is my passion. if i can take of everyone who is sick out there, i would do it in a heartbeat. can i find an investment firm with a truly long-term view that's been through multiple market cycles for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information. ♪ yeah ♪ ♪ y-yeah ♪ ♪ yeah ♪ hey, hey >>> welcome back the dow transports are off the recent highs having rebounded off the march lows along with the broader markets, let's bring in the principal and managing partner of broughten capital should we expect the transports to just be late to the game? do you think they'll remain at this lower level >> i think transports will continue to do what they've always done. and that is that they will overall lead rea

for being the go between between the brand or the product that you're buying the bank that you're using that's associated with your get a card and then of course it's making sure that you get it from the back it's like an online that's hard oh beg. exactly that's what their debts what they're saying they were doing so how do you know where the money is you know it's that's probably one of the problems that we're facing today not just with this company that's why your point is such a good one. it's opaque so when they look at their own i say well how do you make your money they go trust me we've got so much money because we've got to deal with this but i got this bank of that back and it's all of that's grow and we've got about 1000000000 here and 1000000000 there they don't have the certainly have to show it and that's the problem here that it may be too difficult to find out what they actually have or i don't and again let's make sure it doesn't happen again and again rick it's another case proof in the putting that technology has way too many steps ahead of the law so we'll see how this unfolds rick sa

communities >> reporter: the analogies included non-bank lenders responsible for more than half of chicago mortgages. the american banker's association says in part the report failed to reflect differences in home prices so it does not capture banks' commitment to chicago neighborhoods. local activists are urging -- to -- >> prevents these communities from creating generational wealth. >> reporter: tiffany smith who grew up on the south side and purchased her parent's home has made it her mission to help others become homeowners. >> we have to begin talking about how we are going to fix this, and create a system of equity within our city, within our state, and within our country. >> reporter: hoping one day that neighborhood pride stems from a growing investment in the future steve patterson, nbc news, chicago. >>> up next for us tonight, driving or flying, what the experts are telling us about summer travel. >>> back now withone of the big questions for families making summer vacation plans, what's the safest way to travel? here's tom costello. >> reporter: to fly or not to fly is the question this summer, even with airlines disinfe

thousands in spain poverty has soared during the pandemic neighborhood associations like this one in madrid have set up emergency food banks to help the needy. said to see us in this situation because we're fine we could go out to work but in the middle of this situation we can't and we have to turn to this. unemployment here is the worst in europe after greece across brain food handouts of lept by 40 percent since the start of the lockdown in mid march and the spanish red cross has helped more than one and a half 1000000 people in that time but the charities feel like they've been left to tackle the problem alone. a government the municipality the community is completely ignoring us they say they're doing a lot but they don't do much at all that we shouldn't be doing this they should be doing something about it but they are not. last week the spanish government promised it would introduce a universal basic income to the value of some 3000000000 euros a year the money coming from the e.u. carona rescue package will help them to keep that promise.

wayfair and amazon are covered by my associate justin post at bank of america who covers e-commerce andcovering the brick and mortars, i think of amazon and wayfair as key competitors. but they're certainly gaining market share i don't think that's new what is new is the adoption of retailers consumers have been willing to go to our survey shows that almost 90% of customers are using some form of omni channel capabilities, so either buy online, pick up in store, deliver to home or curbside pickup, so there are a lot of different opportunities that retailers have to use omni channel if they've already invested in it that's the key differentiator, between the have and have-nots in retail, if you've invested in omni channel, you're going to be spending, so those retailers already in omni channel, they'll probably get the biggest benefit. but acceleration of an existing trend >> liz, thanks very much for all these ideas, we appreciate it. >> thank you. >> liz suzuki with bank of america. the casino stocks are getting hit in the today's sell-off as cases spike in clark county, nevada wynn is

bank robbery occurred in 1866. they robbed the clay county savings association and they made off with $60,000 in cash and bonds. it was by far their most lucrative thank robbery of their career. this robbery was the first daylight peacetime armed bank robbery in u.s. history. during their escape, gunfire erupted and an innocent 17-year-old bystander was killed. it actually set a precedent for the james-younger gang because innocent bystanders were often killed during their bank robberies. soon, they tired of robbing only banks. part of that was that banks had started to install time lockboxes and it was harder to rob them. they turned their focus to railroads and stagecoaches as well because those carried large shipments of money. their first train heist was july 21, 1873, when they robbed the chicago rock island and pacific railroad. five members of the gang pulled some track up, and when the train hit that, it derailed and overturned, and the locomotive engineered was killed. -- locomotive engineer was killed. it was said the james younger gang lived by the horse and died by the horse. those who had fought wit

floyd which block blood flow to the brain let's speak about this with mark banks he's a spokesperson for the national association for the advancement of colored people civil rights group is joining us from washington thanks for your time with us on the al-jazeera news hour can i get your initial reaction to the news out of minnesota as well as california it's a step in the right direction 1st thank you for having me it's a step in the right direction and it's what we've been calling. now we just need at a federal level to where we're banning chokeholds and we are taking into account the real moved experiences of african-american. back in this country i'm excited to hear that but we have a long way to go and it's a step in the right direction but let me ask you this mark thanks in a new poll coming out of the u.s. nearly 3 fourths of americans now view the death of george ford at the hands of a white police officer as a sign of an underlying racial injustice problem over in the u.s. and this is in fact a significant shift from a similar question just 6 years ago so how the last 10 days really dramatically shaped

hubei provinces and sheen county under lockdown after a dozen cases were reported, all associated with the bankinghis surgeon's of cases in the capital is proving difficult to stamp out even though officials have said it is largely contained. it has been sealed off, evoking memories of the wuhan style lockdown and only one person can go out for daily necessities per household and vehicles cannot enter. only those with special passes can leave. it is about 140 kilometers from beijing, but the lockdown we are seeing there is far more severe than what we have seen in the capital here itself where the number of cases has grown to more than 300 since cases were first attempted in early june. here in beijing, schools are closed. transportation is limited, but people can leave beijing if they have a negative coronavirus test. meantime, in indonesia, it is really struggling to contain a new surge in cases it for more than a month, soldiers and police have been trying to enforce social distancing rules cases have more than doubled to more than 55,000 since then. indonesia did not impose a nationwide lockdo

its purpose was to make sure, ensure depository institutions like banks and savings associations help meet the needs of their local communities. the law tasks the o.c.c., as well as the other bank regulators, with issuing rules to carry out that purpose. however, the last time the c.r.a. regulations were meaningfully updated was in 1995. i think we can all agree that a lot has changed in the past 25 years. including how banks can best serve their communities. much of this change has been driven by technology and innovation. in 1995, it was cutting edge when you could call your bank and get your balance and the last couple of checks that cleared your account. calling up and not having to talk to somebody, and the computer tell you the answer. that was cutting edge. at that time only 24% of americans had access to the internet. since that time, we've witnessed a massive shift to online and mobile delivery of banking services. and that is for good in many, many ways. and this virus has really enhanced that trend. just in the last few months. this means that where banks get their depots -

bank. he had been a member of the imported black southern mutual aid association. he fought along with thousands of other black veterans as a soldier. he was a participant in the first preparations movement. james has also been involved in the african story from the very beginning and had chosen to tie his life to theirs, while still maintaining his independence. even though he never lived in africa town, he was buried in the africans graveyard. thank you. (applause) i am my ancestors. wildest dream. >> first i would like to thank the most high for this infrequent opportunity to stand before royalty and greatness, in which when we are. the descendants, pardon me, let me rephrase that. the royal descendants of, in which we know today as african town. god is god and to god be the glory. second, i would like to thank -- for inviting me to speak. and to this marvelous committee and organize this historical an international occasion. as we pay homage to our ancestors, to our guests, and all of the freedom fighters that came before us, i am my ancestors wildest dream. as

that put michael cohen behind bars, congressman chris clinds and giuliani associates charged by jeffrey berman, a turkish bank close to the president's friend, the president of turkey charged. jeffrey epstein, michael avenatti and looking at the inaugural committee and looking at possible miss conduct by rudy giuliani and pretty brazen to not only touch and grab with two hands this third rail. why? >> john, to me this is a flagrant attempt to inject politics into prosecution. you said it well. third rail. the justice department is supposed to be the most independent of all the departments in the federal government, and within that had the southern district is famously independent. look, you just gave a great list of all the high-profile investigations of people close to donald trump that the sdny managed to get under way even in this highly politicized era, and if you look at the way donald trump and william barr did this announcing it on a friday night misleading the public saying jeffrey berman would step down trying to appoint jay clayton with zero prosecute yorl experience, putting someone never spending

cosmetic giants are to remove words associated with whitening from their products in the face of the global bank clash against racism. welcome to the program malawi's opposition leader has won the rerun of the presidential election lazarus to cuero got just under 59 percent of the vote and that makes him the 1st african opposition leader to wind power in a court ordered rerun her tosser reports on the historic moment for african democracy. by the time lazarus shapiro was declared the winner of the presidential election read and many malawians already knew from 80 unofficial results that he would be the next president what they wanted to know was exactly how much he had won by laws or so when. the candidate was a jew just 58.57 percent. has attended it was a majority of the liberal it has appeared to do it is due to just. a few hours before cerqueira was declared the winner played. didn't peter metallica say they'd been voting irregularities including violence and intimidation against his party election monitors. at the moment of. the they were. the my true election. abducted and intimidated so i

the rubber chicken is the seminal memory you have, the seminal association you have with some of these marketing trends in investment bankinghat is interesting is the quality of the rubber chicken gets more rubbery based on the view out the window of the skyscraper. that is well known. lisa: [laughter] drew singer, i want to get your sense of why companies would go to the equity market, given how hot the debt world has been of late. drew: that is a good question. i think it is case-by-case for each company. warner music, most of its cash ration -- it's cash raised will go to selling shareholders. with the market of 40% in the last few months, it is the right time to do something like that. have to leaveom: it there. drew singer, thank you so much. look at the initial public market offering. it is researching. i want to emphasize as we look at the politics of washington and what has been an extraordinary three days and a better last night and a better morning in america. we are still paying attention to what we are doing on economics and finance investment. in this simulcast, it has clearly been a beginning of three days of

associates, but that's not true. we'll talk about it next. make banking easier. deposit checks, check balances, pay bills, and more. explore all you can do with our digital tools from almost anywhere. pnc bank. this crisis is going to be over know exactly when and we don't know exactly when the stock market will reach its bottom, we've got to be prepared for this to last a long time. if you assume that you're out of work for nine months but you end up only being out of work for three, well that's great. but if you think you're going to be furloughed for three months and it lasts for nine, well that'll be emotionally devastating. so, we've got to prepare ourselves. tangibly and practically, as well as psychologically and emotionally. this is hal's heart. it's been broken. and put back together. this is also hal's heart. and his relief, knowing he's covered by blue cross blue shield. and this is our promise, with over 80 years of healthcare expertise: to be here for you now. and always. this is medicare from blue cross blue shield. this is the benefit of blue. >>> welcome back to "cnn newsroom." i'm michael holmes. a

our own tofu sausages to allow people to make an association with something they already knew that you want to make it easier for them to switch. banks and i think it's now it's important for us to develop food so our distinctive and speaking i can stand despite. what does a plant based substitute even have to look like meat that's still a debate among vegetarians and it was back when typhoon tofu was founded more than 30 years ago the family run business now produces 100 tonnes of tofu every week. that's far less than it could given the current jump in demand. put it certified organic tofu is made to a large extent by hand and tofu is still a nice product in germany unlike in other regions of the world. also the sorts of sawdust just moved along on for ages the motherland or the mother continent for all kinds of soy products that people i know from feed and tofu is one of the many varieties and side feeling tofu has been eaten for centuries there so it pretty much has the status of a food staple and it's often combined with animal products tofu and fish or tofu and meat are a matter of course in asia it's in austin said 1st then tri

it is investigating right now giuliani associates, lev parnas and igor fruman charged, more investigations there, deutsche bank, a lot of dealings with the trump family business, there are a lot of land mines here, the question is, you know, what was it that provoked the president to decide i'm going to force this guy out? >> we don't know yet, john. i would love to speculate as you know about things that are still evolving, small group of people who were involved in this decision in the first place, to your point, the way this was done was so botched, geoffrey berman was able to say no, i'm not leaving and essentially make sure that the person he wanted to leave the office is still leading the office, which you saw lindsey graham sign off on last night after lindsey graham, head of the judiciary committee in the senate was not happy with how things had gone the previous day. i think you'll learn a lot more in the coming days, if the level of alarm by the president and some of his advisers yesterday in how much blowback they were getting is shocking, considering how many times this president has walked up to a

. >> reporter: non-bank lenders were responsible for more than half of chicago mortgages. the the american bankers associationin part that the report failed to reflect differences in home prices so it does not fully capture the commitment to chicago neighborhoods. local activists are urging congress to loan more to minority communities. >> it creates these communities from creating generational wealth. >> reporter: this woman has made it her mission to help others become homeowners. >> we have to begin talking about how we're going to fix this and create a system of equity within our city, within our state, and within our country. >> reporter: hoping one day that neighborhood pride stems from a growing investment in the future. steve patterson, nbc news, chicago. >>> at the top of the hour, president trump is expected to sign an executive order on policing and community safety. but first, after years of controversy, the nypd just announced that it's closing a final chapter on a troubled policing policy of its own, stop and frisk. the new plans for community outreach that the department has planned. can't pred

association about this and defunding, but i wantha tor. well as to how a have reverse mortgage works. people think that the bank takes your home, but that is not true. that's absolutely 100% wrong. the home is ours. we can sell it if we want to at any time. i like the flexibility of not having a payment, but i can make the payment if i want to. you're responsible for keeping up your property taxes and you're responsible for paying your insurance on the property. for us, it was a security blanket. the value of our house, was to fund our long-term health care. for helping customers like these use the equity from their homes to finance their lives. they know the importance of having financial security. make an appointment so they can tell you how it works. it's a good thing. access your equity. stay in your home. have peace of mind. >>> welcome back. we heard from police unions over the weekend with calls to defund and reform the police. we'll address both of those right now. as far as reform, here are some of the plans by three california police unions. san jose and the l.a. protective league promise to create a

associated with policing. but this is bigger than policing. there is sis. >> tommy: systemic discrimination in this country, racism. it is in banking. people who look like me, who are more qualified than writes, who go in to get a loan, we have evidence to show that they can be much more qualified but they will end up with a loan if they get one at all that will be less than a less qualified white person. that's a fact. it exists in housing. it exists in housing to the extent we have had testing done to acquire the empirical evidence to show that when african-americans seek housing, they can be charged more than other persons who are seeking the same house. they can be -- i'm talking about rental property. they can be charged -- placed in property that is less habitable than other persons. it exists in health care. we are not inherently persons who have poor health. it is because of a health care system that does not address our health care issues to the same extent as it addresses white persons who have health care issues. for those who are offended by my saying white, we have to compare. it's unfortunate, but we do. when you say b

banks. that is straightforward. we can see that happening. there is a divorce from the economic reality and associatepact that we are seeing on the street. there is a racial element happening now in the u.s. the market is looking past all of that because they know and the investors know the central bank has their back. will that blow up in their face? mark: i do not think so. over, theyckdown is are going to get customers coming back in droves. walk the streets and i see people waiting outside everywhere. that means people really want to get back to buying again. so once this lockdown is over, i think you are going to see a big recovery of these economies. i'm not saying of course the numbers are going to look terrible, because you're going to have actual shrinkage in the economies around the world, but don't forget, when you start looking at numbers next year, you are going to see an incredible increase. let's say the economy shrunk by 6%. next year it up by 1%. that means 7% increase. so i think it will be more like a v-shaped recovery, frankly. reporter: i hear what you are saying about consumers,

the state-run bank pleaded not guilty to charges that helped iran evade u.s. sanctions. they have investigated a number of trump associates, michael cohen, and rudy giuliani. giuliani says he didn't know he was under investigation. >> the president doesn't like oversight. the president doesn't like the southern district of new york. he runs rough shot of government because he doesn't trust it. unless it's his personal ininterests. >> this is bombshell after bombshell. >> the shocking memoir, the "the room where it happened," and a look at the boss, erratic and stunningly uninformed. and china and other matters and shoved aside law and national security in exchange for anything that might him politically. bolton said this. >> i don't think he is fit for office. i don't think he has the competence to finish the job. >> reporter: trump fired back on twitter saying the book is made up of lies and fake stories. the trump administration sue him to block the release. all of this after the senate acquitted senate trump and the impeachment. >> this is what the end result is. >> bolton told martha raddatz -- >> he didn't learn less

bank is virtually any place. so visit chase.com/mobile. grab a box of 15 or try them loaded. get 'em now with no contact delivery. >>today the association that represents all 332 municipal police chiefs in california released its platform to address reforming america's police department and outspoken police critic shared her reactions with kron force has john. >>the california police chiefs association is now weighing in on the nationwide call to reform police departments. on thursday, the cpc a release california leading the way a platform of recommendations, including a nationwide use of force policy modeled after california law and increasing transparency supported the public disclosure of police personnel files related to officer of his conduct major piece of the platform centers around accountability and to support the president of the california police chiefs association chief eric noon, yes talks about how far the california leading the way platform goals in dealing with so-called bad apples in police department's major step forward for california. we're calling for. >>the dissertation of officers. my independent and impartial au