and so this actually in the case of occidental petroleum there's a big time trumped owner named carl icahn who has a 10 percent stake in occidental petroleum so big surprise big surprise yeah help and help out the old buddies. yes so this is pretty good news for anybody that's like still part of the yang gang so there's a shot for us yet there are people up there might be like if there are things i like out there i don't i don't care a lot of the race months ago i'm hanging in there no i don't want people that are. going to scam no matter what but this is good news for some of the people who are interested in any type of universal basic income or u.b.i. so now senator bernie sanders ed markey and senator can all harris are pushing a bill that would give americans $2000.00. and adults 2000 dollars 2000 dollars per kid and it would be retroactive for march and april. think it should be retroactive to the 1980 s. . like for that. is a good step forward for us to realize. as a couple as well the good thing is now you have more as evidence that it's better because i don't know if you heard abou

ridiculous and so this actually in the case of occidental petroleum there's a big time trump donor named carl icahn who has a 10 percent stake in occidental petroleum so big brother big surprise help in helping out the old buddies. yes so this is pretty good news for anybody that's like still part of the yang gang so there's a shop for us to add there yes there are people out there might feel like they're essentially now they are the i don't care of the rise months ago i'm hanging in there no i don't think people that are. out of camp no matter what but this is good news for some of the people who are interested in any type of universal basic income or u.b.i. so now that it is very sanders ed markey and senator can all harris are pushing a bill that would give americans $2000.00. and to the adults 2000 dollars 2000 dollars per kid and it would be retroactive for march and april down with. think it should be retroactive to the 1980 s. . i'd like for that you are of a basic income is a good step forward for us to realize how late stage capitalism capitalism is well the good thing is now you have more

he joins carl icahn in warning about the stock market, which has rallied 30% from its march low.'s get another point of view from jay pelosky. great to have you on the phone. phone. do you see more support for equities? jay: it does not tend to go against voices like stan and david. there is a case to be made for risk assets continuing to perform as we go through the second half of the year. i will just lay out five or six. first is the global policy support, is unprecedented, and i think ongoing. we call it rolling thunder. economists -- economies have already bottomed. the thing about covid-19 is the speed and people have trouble understanding that the worst of the economic news is already behind us. third, we have zero interest rates. stocks look very attractive as growth vehicles with yield. the s&p yielding over 2%. reopening'sessful across the globe. we have bearish and underweight investors. they are not unique with their bearish views. most surveys of investors show considerable bearishness. unprecedentedan global science and technology community coming together to fight

>> carl icahn held onto hertz for six years as a top shareholder for that company, and what a loss it said goodbye, one point six booming dollars. warrenkman giving up on buffett and blackstone. part of it, he's just saying it's not worth owning work sure if berkshire is not going to spend its massive cash pile of $100 billion on stock purchases and they could put that money elsewhere. nejra: thank is so much, great to have you with us. coming up later, speak with the global ceo at credit suisse. that's it for bloomberg "daybreak: europe." the european open is up next. it looks like european equities could open up powerfully in the green, radical plan from the e.u. nasdaq futures recouping some of the losses from earlier. this is bloomberg. ♪ >> good morning. welcome to "bloomberg markets: european open." i'm anna edwards, live from london, alongside matt miller. recovery is all that matters. futures trend higher as reopening economies in europe bumper stingless control proposals. the narrative. the cash trade is less than an hour away. the u.s. says hong kong has lost its autonomy fr

carl icahn has bailed out with a loss. hertz filed for bankruptcy last week. pandemic has disrupted the supply chain of the world's second largest computer maker. hp reported revenue fell more than expected, 11% in the latest quarter. profits also missed estimates. hp says it is delaying a $15 billion share buyback plan until the market stabilizes. that is your bloomberg business flash. tom? francine? francine: thank you so much. of's get back to ben laidler tower hudson research. we were talking earlier about some of the equities, the sectors that you liked and do not like. are we overestimating or underestimating the transformation that suppliers will have in our working lives and therefore our shopping and technologies? mean, i think it is -- the depth of this crisis is obviously unprecedented, and i think it will become as it was in the downturn, the divergence on the way out is going to be dramatic. the changes a lot of the sectors will have to make are going to be unprecedented. one of the risks we are flagging on the way out is the cost associated with

veteran investor carl icahn has quit bankrupt hurts after a six-year bet that has cost more than $1.5. he sold his entire holding come of that represented about 39% of hertz's stock. he says he continues to have faith in the future for their company. they filed for chapter 11 last week. say they want except the closure of car plants in indonesia and spain despite the company sang the move is essential to the latest recovery plan. they slid into the red for the fourth time in the 11 years as the coronavirus pandemic stalls demand for new vehicles. the company reported a full-year loss of more than $6 billion, its first annual shortfall since 2009. haidi: and we will get more analysis on nissan's results coming up in the next hour. we will be joined by japan's auto analyst christopher richter. marketat, the global head of two market funds. they are mostly invested in asia. she will give her views in about 10 minutes time. lots more to come. this is bloomberg. ♪ shery: welcome to "daybreak asia ." i am shery ahn in new york. haidi: i am haidi stroud-watts in sydney. down toounting you as

perhaps a different tone then we had earlier, when you have a lot of big impactors paul singer, carl icahn, warren buffett, all of these people really saying that the market look overvalued, so certainly coming off the lows from those comments. flipping of the board, i want to dictate chart i am showing inside my terminal, all about the equal weight s&p versus the market cap. behind ases to fall the market cap, higher weight, bigger companies are doing better than smaller companies. so you are seeing that divergence really widen more and more in the last few weeks. some individual stocks we are looking at, american depository receipts were lower after trump said he was looking at some chinese companies listed on american stock exchange is, but then said if he does impose rules, chinese companies could then just go -- could then just go list in london or hong kong, for example, so loosening that rhetoric for chinese companies listed in the u.s. wanted to focus on the bond markets here because you have 10 year yield continued to grind lower and lower in the last few days, even despite a lot

stock is at 60 cents right now this is tough news for carl icahn who is a major shareholder the companyut covid-19 may not be completely responsible for hertz's trouble. they were highly leveraged and had a lot of turn over. by the way the ceo is getting a 700,000-dollar pay day a federal filing released showing the company paid out 16.2 million to 340 top executives on may 19th for retention. analysts not optimistic for shareholders or noteholders because of current economy and massive upheaval. stock was halted 20 minutes ago, liz t picked up trading pretty quickly. hertz, 60 cents a share right now. liz: boy. so a loss of 2.24, is a loss of 78%. cheryl, thank you very. all right. what do we know about may and june? may and june are usually the best times for horse racing fans but today's countdown closer says he has three exchange traded fund that can make your portfolio a triple crown winner. here with his picks e evaluator kevin miller. you have to win the preakness, kentucky derby, belmont stakes. give us three names of etfs you say equal the triple crown. >> hi, liz, thanks for h

we bid on a carl icahn original and karen had the wherewithal to outbid me and she won, but it was quitee. >> i like that you guys wore black. >> is that what you do at these fancy shymanskiy auctions? karen, you wore black tie? i usually go bid over the phone, but what the hell? it was fun to do that with guy it was a portrait of carl, not by carl. >> right, right, right i don't know if it makes any difference. >> we saw it >> we have breaking news >> oh, god glad i can't see it. >> breaking news here on disney. julia boorstin has the details >> this is the first u.s. disney property to begin reopening on may 20th, disney springs which is in florida, this is sort of the outdoor shopping mall entertainment area that is adjacent to the orlando parks, it will reopen on may 20th and no date for the theme parks and it will reopen the disney springs outdoor area adjacent to the parks. disney shares are up 1.5%. guys, back over to you. >> thank you, julia boorstin up next, final trade i know that every single time that i suit up, there is a chance that that's the last time. 300 miles an hour,

carl icahn, a large shareholder there.red from a revolving door in terms of management that has not helped it either. its competitors, avis and enterprise, the private enterprise, which is the largest rental company in the country, not easy times but not having quite as difficult a go of it as hertz is >> incredible. how quickly some of these companies just got hammered. norwegian is holding in there, doing an equity deal i think it's just breath tatakig to see what happened with travel and leisure. i go back to that becky quick interview with warren buffett, he bailed on those airlines. travel and leisure versus internet advertising versus staying home and ordering furniture, great suddenly everybody likes the oils because the analysts can't resist they have to recommend them. these are roach motels some of them well run. if you really need to own oil, just buy chevron if you have to buy one, just buy it they had a great quarter if you just are itching and itching, don't buy a bottom fish, buy chevron. buy the best leave

effective way, but the losses there are significant, not the least of which, of course, was for carl icahnd agitated years ago, had people on the board of directors, of course, and sold stock at 72 cents yesterday. >> oh, boy >> 50 plus million shares. >> incredible. he's got some winners too. a lot of winners we have to go to phil lebeau on this because there's 700,000 cars that theoretically could hit the market that's an actual used car market mov mover. we often forget as we buy the autos and all the oddo equivalents as part of the recovery trade that the autos have not snapped back. there really isn't anything there other than -- well, maeg m maybe magna because they saved money as an auto parts company we know during the interview you brought to us, where they have too much auto, so we have to watch it here. watch this workday it's going to be the tale of the tape, even more than micron which yesterday preannounced a much better than expected quarter. >> all right, guys there's the opening bell at the nyc. live shot of times square. i know, speaking of cloud names, you got sale i kno

carl icahn, paul singer in a recent investment letter these names are very rich people who have madeot of money in the markets sort of wondering about the big rebound that this market is seeing given the huge economic risks that we are facing and the prospect of a longer recovery which is something that resonates with people, but guys, so far market has gone against them because we've seen a 30% rebound from the march lows. the question is it a bear market bounce and we're headed lower or not. that's going to continue to be the debate with the big hedge funds piling up on one side of that at least saying they are >> absolutely. positioning remains a big part of the story >>> we're getting new information from the fbi regarding allegations of the chinese trying to target bio pharma research in this country. let's get to eamon javers. >> yeah. that's right this is a public service announcement being announced by the fbi and the department of homeland securities. cyber security and infrastructure security agency this is all about warning americans that the chinese are attempting to hack

and economy but it strikes me that so many big name investor, not just b warren buffett you had carl icahnjeffrey gundlach are negative on stocks or waiting for them to reach new lows yet the pain trade seems to be that stocks seem to be resilient and higher how do you exprlain that? >> we've never had a situation in my lifetime where we had as much economic destruction and as much uncertainty going forward balanced the single largest in liquidity injection in the global markets i think people that are more cautious say wait a minute multiple s&p looks pretty darn high if we don't open it really soon it's really hard to paint a picture that the economy in the next 18 months gets even close to back to where it was. things are going to take longer. unless there's -- for this virus just decides to run away which are high probablity events and so i think you know we were caught off guard in a lot of ways like how much liquidation happened in '08, it was hard to liquidate. we were trying to sell things. there was no bid so the fed would come in and give you a little help but you couldn't really