talking to mark bristow, coming up.s is bloomberg. ♪ alix: live from york, i'm alix steel, -- live from new york, i'm alix steel, along with guy johnson in london. this is "bloomberg markets." scarlet fu is looking at precious metals. resuminggold prices its record rally. the price has jumped from the almost $2090. pandemic and geopolitical fears boosting demand, but investors are also seeking an alternative to bond in their portfolios. there's also demand for etf's. the biggest gold etf saw gold holdings climb for 20 straight weeks, and it may break the record set back in 2012. now let's get to barrick gold. , thereported this morning world's number two gold miner clearly benefiting from higher gold prices. revenue and profit beat analyst estimates. 20%sted eps up zero dollars -- up $0.20. barrigenerated 500 -- ck generated plenty of cash. it is returning some of that to shareholders, raising its dividend to $0.08 a share. gold production overall remains constrained. second quarter quarter production down 15%. miners w

earlier we spoke to ceo mark bristow about the most recent quarter.eep the want to relevance of being a large-cap company and the resource space, and you want to continue to resource the gold that you mine. you have to get your head around the importance of copper coming with gold. we have to move to bigger deposits which are then usually deposits that come with gold. it is the same process, very little difference in the technology. we have built a great business in rand gold first, and now the barrack group. we can deliver high-quality returns to our shareholders at a time when they need it. about arethe question we going to be seduced by this gold price? the answer is definitely no. >> i have talked to you many times over the years and you try banday with a straight when talking about the price, make sure you are doing it on a reasonable and sustainable metric. there are people around the world champing at the television saying, ask where he thinks the price of gold is going. it has come up quickly. where do you think it is going? >> it is a good qu

mark bristow, great to have you. we appreciate it. >> thank you, liz. thank you. liz: don't be a stranger. gold's glistering. with the dow up 369, filling empty shelves at the mall once again. closing bell 35 minutes away. u.s. mall giant simon property is now looking to e-commerce giant amazon to turn some of its vacant sears and jc penney anchor stores into fulfillment centers. discussions have been under way for months and would not only provide the malls with a steady tenant but with fulfillment centers in residential areas, that will help speed up delivery times. it's unclear how many stores amazon is considering at this time. we have shares of amazon down .75% but simon properties, up 6%. >>> amazon's number one best-selling face mask taking north america by storm. the mission cooling net gator saw sales spike by 5 million percent in a 24-hour period at the end of may. what's the secret or rather, who's the secret behind these number one best-sellers? the ceo and former nfler chris valletta founded this company. stay tuned. you got to find out what the cdc t

. >> our goal with the bayview bristow is to bring in businesses so they can really use this as a launching off point to grow as a single business. we want to use this as the opportunity to support business owners of color and those who have contributed a lot to the community and are looking for opportunities to grow their business. >> these are the things that the san francisco public utilities commission is doing. they are doing it because they feel they have a responsibility to san franciscans and to people in this community. >> i had a grandmother who lived in bayview. she never moved, never wavered. it was a house of security answer entity where we went for holidays. i was a part of bayview most of my life. i can't remember not being a part of bayview. >> i have been here for several years. this space used to be unoccupied. it was used as a dump. to repurpose it for something like this with the bistro to give an opportunity for the local vendors and food people to come out and showcase their work. that is a great way to give back to the community. >> this is a great example of a public

anna: that was the barrick gold ceo mark bristow speaking to our colleague at bloomberg.et to somebody else thinking about the relationship between money printing by central banks in the price of gold. mark cudmore, r bloomberg markets let managing editor is here with us from singapore. sticking with this gold theme, because it is interesting, you have been thinking about the link between what you see and where gold prices go. how high do you think gold heads? irk c.: i mean, like mark, don't know about an exact figure, but i do think it is going significantly higher in the next 5-10 years. i wish i had heard the interview before this piece. we are seeing modern monetary theory by proxy coming into the equation. it is now just assumed by both sides of the political debate in the u.s. and globally -- it is not just the u.s. -- that we are seeing that a response to any kind of dip in markets, any kind of dip in the economy is just to print cash and pump it into the system in anyway possible. we are just quibbling about how fast we get there. that means people are going to l

some comments from cross-border capital which kind of reflect what mark bristow was saying.0 anes may ounce. given where real rates are in their potential to fall further, 3000uickly could we get to gold if that is your forecast? forecasting 3000. obviously, the covid situation has limited the minors ability. his see the market for gold trading. the actual delivery of gold has been stagnant. iners have been less able to deliver physical gold to the market. you have seen beth hedging a full production has slowed down. over the next few months, you mininge more decrease ability. you will see a glut in supply, very similar to how oil behaves. we could see tangible production , maybe 10%, 20% in gold without changing the overall bull run. given that gold has been the key go to against currency ,epreciation or huey -- or qe if the fed does not change their ing, if inflation target we maintain a very dovish fed, we should see gold make highs over the next few months. i do not think it will be at the parabolic move we have seen over the past few weeks. you've seen a rush to buy in

that would be my point. >> barrick gold ceo mark bristow.mulus talks stall with democrats and republicans still nowhere near middle ground. we will have the latest. ♪ >> let's get a quick check of the latest high lines -- headlines. raiseairlines looking to half $1 billion. travel upheaval from the covid-19 crisis. enter globe has approved the share placement institutional investors. indigo reported a $386 million loss for the june quarter with the carriers net worth falling by almost a half. ray inhalers -- ride hailers are being forced to convert california drivers from independent contractors to as thees in an argument industry struggles with the coronavirus fallout that has undermined ridesharing. sydney airport is looking to raise 2 million dollars with just over 1.4 u.s. to mitigate the fallout from the coronavirus. the company is offering stock at a 15% discount. the money will be used to cover debt securities and for general purposes including capital expenditures. president trump aims to keep stimulus flowing with republicans and de

don't miss that conversation on commodities with the barrick gold ceo, mark bristow.markets coming in a little more cautious the last 60 minutes after the announcement from the chinese government in terms of sanctions on 11 american officials, and the other big talking point is going to be around the american stimulus measures, the u.s. esident taking executive action. is that going to be enough? is it going to last long in the for the market to sustain its current leg up? this is bloomberg. ♪ experience the ultimate sports hub. where you can find games, news and highlights. all in one place, right on your tv. the xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and, even get notifications with breaking news alerts and more. with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. perhaps, isrning, by executive order on hong kong. china will sanction senators rubio and cruz on taiwan, taipei, because beijing, the cabinet offers or makes the first v

coming up in the 10:00 hour, mark bristow.ll be an interesting conversation not only on gold and the moon, but the challenges of commodities. announce. $16, 2044 -- an ounce. stay with us through the day on bloomberg radio and bloomberg television. good morning. ♪ what happens when a wireless carrier puts its customers in charge? well, the good news gets shared. and it gets rated #1 for customer satisfaction. but don't just take our word for it. take theirs. it's your wireless. your rules. only with xfinity mobile. call, click or visit a store today. where you can find games, news and highlights. all in one place, right on your tv. the xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and, even get notifications with breaking news alerts and more. with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. ♪ jonathan: from new york city for our viewers worldwide, good morning, good morning. "the countdown to th

the barrick from gold ceo mark bristow. and a record year for retail investing.ing app robinhood is outrunning its rivals. retail investors piling into the market. we have a bifurcated equity market today with the s&p 500 up .2%. the dow is

people have made kind of a reference that my character in "alias," sydney bristow, goes on bbeusr so- so many of the same wigs. maybe, you know, when you have a reunion, i should be there. >> it's like the real thing. >> i love that. i'm that kind of person. maybe i should be there. so the show ended, but katherine o'hara, a/k/a maurama ineshe roe off living their lives in an ultimate dimension. what, dan? >> my wife loves ritz creek but i have never watched it. >> i actually have not either. >> i hear it's great. >> i've seen it. i started it. i haven't finished it though. it's really good. really funny. you would like it. >> see. i can tell when dan is preparing has "pop ns,gur -pou wghndoko t ppahs ai >> hey, eva. kelly osbourne revealing for the first time she had weight loss surgery saying in order to tackle her physical goal, she first had to get through a major mental health hurdle. >> kelly, kelly. >> reporter: kelly osbourne, the reality star daughter of rock royalty, sharing that's she's lost 85 pounds, celebrating her slimmer figure on instagram and speaking out about the

. >> our goal with the bayview bristow is to bring in businesses so they can really use this as a launching point to grow as a single business. we want to use this as the opportunity to support business owners of color and those who have contributed a lot to the community and are looking for opportunities to grow their business. >> these are the things that the san francisco public utilities commission is doing. they are doing it because they feel they have a responsibility to san franciscans and to people in this community. >> i had a grandmother who lived in bayview. she never moved, never wavered. it was a house of security answer entity where we went for holidays. i was a part of bayview most of my life. i can't remember not being a part of bayview. >> i have been here for several years. this space used to be unoccupied. it was used as a dump. to repurpose it for something like this with the bistro to give an opportunity for the local vendors and food people to come out and showcase their work. that is a great way to give back to the community. >> this is a great example of a public-pri

. >> our goal with the bayview bristow is to bring in businesses so they can really use this as a launching off point to grow as a single business. we want to use this as the opportunity to support business owners of color and those who have contributed a lot to the community and are looking for opportunities to grow their business. >> these are the things that the san francisco public utilities commission is doing. they are doing it because they feel they have a responsibility to san franciscans and to people in this community. >> i had a grandmother who lived in bayview. she never moved, never wavered. it was a house of security answer entity where we went for holidays. i was a part of bayview most of my life. i can't remember not being a part of bayview. >> i have been here for several years. this space used to be unoccupied. it was used as a dump. to repurpose it for something like this with the bistro to give an opportunity for the local vendors and food people to come out and showcase their work. that is a great way to give back to the community. >> this is a great example of a public