defy police van and win though now some lawmakers and some uncertain how ready their presence in causeway bay police are now trying to disperse them by water cannon and pepper spray ok c b let's ask you just generally speaking some have said that this law it marks the end of one country 2 systems for hong kong what is the mood there where you are how have hung congress been reacting. what are happening in survey and poll same like showing that like maybe like over half of the citizens are not satisfied with the law particularly the way out and that's because nobody knows anything at house after law until until his implementation last night in the late night so this is people think this is going to bypass all the local institution and the check and balances are in the can somehow come and we can feel like i said a why and sweeping like fear here because this law actually really frighten people and deter people from coming out because they want to place a much higher cost them before they would face probably a life sentence of life advocating something against the chinese government so it's a f

the new security law imposed on the territory by beijing the demonstrators have gathered in the causeway bay shopping district where police warned them that they might face a arrest and prosecution for displaying pro independence banners now dozens of arrests were made i then. a water cannon drove up and began dispersing the protesters the new security law targets the session subversion and terrorism with punishments of up to life in prison. and correspondent for the congo is standing by for us in a mall in hong kong 50 what is the situation where you are. i'm standing outside a high end shopping going downtown potong just now when we passed through the last 70 of also stopped by police officers on line at the corner of my and a stop and search everyone inside and more on the footbridge so this is just a just a if your sense of life how the law enforcement is carried out today. more those 3 or 4 thousands of police officers are deployed today to control the home or to life stop any kind of life public assembly and political capital gatherings today if they banned any kind of this book at lea

it shows a man bearing a hong kong independence flag in causeway bay. police said they also arrested seven others for violating the new law and about 180 people for unlawful assembly and other related offenses. it follows a tumultuous start to the day with protesters taking to the street to voice their opposition to the law. beijing approved the new legislation on tuesday. it lays out four criminal acts it says endangers national security. secession, subversion, terrorism, and collusion with foreign or external sources. if convicted, people could face life in n prison. chief executive carrie lam defended the law in the ceremony to mark the 1997 handover. >> translator: the enactment of the law is the most important thing for hong kong's relationship to the mainland since the handover. it's a historic step as it has completeted a system to prprote our sovereignty and security. >> but critics say the law undermines the one country/two systems framework which is supposed to guarantee hong kong a high degree of autonomy and judicial independence. >>> the nu

illegal the organizers and this they tried to request permission to go ahead for this march from causeway bay into central but of course the police denied that and therefore anyone taking part in today's rally was considered taking part in an illegal activity we can also confirm we now have 9 people who were arrested under the national security laws these the laws that were fast tracked by beijing and introduced on july 1st being the 23rd anniversary of the handover from british rule of hong kong to china and now we can also report that one of those 9 was as young as 15 years of age there was a huge police presence in the people the protesters tried together at the initial starting point and march but they were met with the police line water cannon the walkout was fired a number of times we had tear gas a number of a canisters of tear gas was also fired pepper spray and pepper bullets a number of people of protesters mainly dispersed but the place was still able to move in and make a large number of arrests of those people they had trapped in those various areas some streets are still blocked

in causeway bay. around me, there are hundreds of people who have gathered, largely peaceful.here is a heavy police presence. they set up cordons along the pavement. big are trying to disperse columns of people from gathering. they have also trotted out some new banners warning people of -- who might be -- who might act against the new security bill. so the police here, they certainly have been on high alert. arreststed earlier, two have been made under the new security bill. we saw pepper spray being used, a water cannon was deployed. we are keeping a close eye on what is happening on the ground. again, largely peaceful here. francine: sophie kamaruddin in hong kong. fauci's warning. singrns america risks 100,000 new coronavirus cases per day. details next. this is bloomberg. ♪ ♪ economics, finance, politics. this is "bloomberg surveillance ."let's get straight to the bloomberg business flash. >> airbus is planning to cut 15,000 jobs. it is part of the biggest restructuring in its history. about 10,000 will come from its main bases in germany and france. the company says outp

a man has been arrested for holding a hong kong independent flag in causeway bay.he national security law. if this is the jumping off point for arrest, walking around with a flag, maybe this adds to the whole there to have. it's the first arrest since the law came into force. that security law sweeping and from beijing. we are live to hong kong throughout the morning here, right here on bloomberg. this is bloomberg. ♪ ♪ nejra: this is bloomberg daybreak: europe. we've got a little bit of a risk off tone coming through into equities. what a quarter we just had for the s&p 500. best since 1998. read creeping through in asia. european futures edging into the red. the 10 year yields moving higher. the dollar weaker against the yen but stronger against most g10. oil on the front foot after that api data. goldman sachs asset management is still with us. we were talking earlier about some of the trade you were taking below the surface for indices and equities. investment-grade in credit. what are the positions you are taking around havens? gold had a brilliant run last qu

this is causeway bay, a very busy retail district. and yet the police are out in force.y arrested, as you said, more than 180 people, including for the first time, arrests for the national security law and the potential penalty for that, john, life in prison, even if somebody so much as possess assign encouraging hong kong independence, which is a slogan that was regularly repeated by protesters for months last year, just uttering those words or possessing a sign could actually land somebody in prison for their whole life. let's see if we can see this line of vehicles over here. >> will, i'm watching this. i'm so glad you're showing us these pictures. because this city, at this point, has the image of being a security state. it looks like a security state now. how many of these arrests this morning were a direct result of the new national security law? >> reporter: so this is an important point you raised. because police are saying only 7 of the at least 180 that have been taken into custody were arrested urn the national security law. basically, these people who were ar

getting some details but he was reportedly arrested for waving a hong kong independence flag in causeway bay which is one of the busy areas in downtown hong kong now we knew that today was going to be a major test of this law it's the 1st of july which is the anniversary of the handover from hong kong from britain back to the mainland 23 years ago and there have been some protesters out protesting as there have been for 20 years people showing their support for the pennant or the hong kong government on this day and the government here in china really wants to use this law as a deterrent they've made no secret of wanting to try at least a handful of people early on to make examples of them to really encourage the rest of hong kong residents or. maybe perhaps some fear into them in terms of how they should behave rigging forward now we've got today was the test and it seems that this is a ready been pushed with this one boasting being arrested for doing little more than waving a flag it seems so it seems that chinese china really does want this law in hong kong to be used in the same way that

didn't actually connect how he has been attacking that police officer at the event yesterday in causeway bayhey said the police officer was injured by sharp objects and hit by umbrellas and other objects and this person was arrested at the airport and is now being investigated for assault and police has repeated a warning that assault in hong kong's law could carry life imprisonment. martin yip, thank you for that. america's top infectious disease expert has warned that the us risks an even greater coronavirus outbreak unless it can bring the latest surge in cases under control. doctor anthony fauci said the current spike — of more than 52,000 new cases in the past 2a hours — was caused by people in some states failing to follow basic rules as the economy re—opened. when you look at what happened in some of the states, all you have to do is take a look at the news at night and you see people congregating at bars without masks, congregating at bars without masks, congregating in different types of groups that are well beyond the recommended number of people. what happens when you do that and

yvonne: it was quite a scene that we saw yesterday around the causeway bay region. we saw a heavy police presence, hundreds, close to 1000 protesters at stormed the streets, less than 24 hours after this law came into effect. we saw police fired tear gas, pepper spray, the water cannons also came out to disperse these crowds. at one point, they stormed into a very popular shopping mall, times square as well. this was of course july 1, which was a very symbolic day, they hand over anniversary. it is marked by mass protests and we saw a bit of a more somber kind of scene yesterday that this national security law was kept under wraps, as you know, from beijing, and we really did not hear much details and evenyesterday, chief executive carrie lam admitted she had not seen the full draft either, and what we also saw were the new flags that officers had pulled out to show the crowd that basically if you are holding a flag or banner or even chanting slogans, that would be considered illegal under this new national security legislation, but we still saw some folks defying t

that the new national security office for hong kong is located at the metropark hotel in busy causeway bayre seeing the inauguration ceremony happening this morning under very high security, understandably. we heard from carrie lam yesterday, defending the national security law, saying it did not mean doom and gloom for the financial hub despite multiple arrest and growing earnings from civil rights groups, human rights groups, as well as corporate groups about the impact on hong kong's as aendence, and future financial center. lots more to come. this is bloomberg. ♪ ♪ shery: civil-rights groups did not have a positive reaction to a much anticipated meeting with mark zuckerberg and his top executives. bloomberg's corporate influence reporter, naomi next, covered the meeting. what exactly didn't these advocacy groups like here? expected mark and sheryl sandberg to take a much more conciliatory turn on their demands that facebook do more to andent voter suppression, hate speech on its platform, and instead, they said what they heard was a lack of commitment and a lack of timeline on making s

so i'm now in causeway bay, the very place where you might have heard about those arrests.istinguish if these people are all protesters but obviously they are being guided by riot police to leave the central shopping area of causeway bay all the way out onto the street and out the back into what is called victoria park up there. these are all police in riot gear. like you said, we have so far been told by the police that dozens have been arrested, this is what they have told local media. and some have already been arrested under this new piece of law that was only enacted last night, just one hour before midnight. at least for this side it is rather peaceful but there is also reports of a water cannon being deployed on the other side, which should be around another mile away from where i am now. protesters have been trying to occupy the street, that's what we have been told so far. so definitely some more angry people out on the street and definitely yesterday there were protesters who tried to hold a peaceful protest singing inside a shopping mall, so the whole protest is