>> there is one cio put our cio stop for to me. strategy and for almost a a dee now we have been working to integrate and operate as a cohesive unit. acknowledging there are some unique this is at our centers by diplomat inconsistent policies and moving towards enterprise services and contract so i think we're moving into enterprise direction very significantly. >> thank you very much. madam chair, i yield back. >> thank you very much, mr. beyer. mr. garcia, you are recognized for five minutes. >> trend thank you, madam chair. i appreciate the testing unwitnessed vapor very exciting time for nasa and challenging with unique dynamics in play. i guess i've got a few questions and probably directed to all of you, mr. seaton, mr. martin i dr. burley. i come from a company where i was a program director for a large air breather program and was both classified and unclassified elements to it. one of the big challenges that we had was that the classified elements felt under requirements which i think would effectively what chairwoman horn

seaton: there is one cio, but there are center cios that report to me. we have a single i.t. strategy for almost a decade now, we have been working to integrate and operate as a cohesive unit. acknowledging that there are some weaknesses and our centers but implementing consistent policies and moving towards enterprise services and contracts. we are moving in the enterprise direction significantly. rep. beyer: thank you very much. chairwoman horn: thank you. rep. garcia: thank you. very exciting times for nasa and very challenging, with very unique dynamics in play here. i have a few questions, probably directed to all of you, mr. seaton,?, and. martin,kr. seaton, mr. and dr. burley. one of the challenges that we had was the classified elements, which were effectively what chairwoman horn was talking about as far as requirements, tose requirements led onerous costs to suppliers and to the lower level supply chain folks. what are we able to do, what is nasa doing, to make sure that the small businesses that are a critical element of your supply chain are not necessarily with e

guest, william spriggs, is the chief economist for the afl-cio. he is also educating the next veneration of black economists at howard university. thank you for joining. would a biden administration policy, the economic policy platform that we know of right now, how far wouldn't go to upping your 12.5-plus million members at the afl-cio? immediate need, it would help a lot. vice president biden is in favor of the package that nancy pelosi has had in place since may. we have an immediate need, right now. millions of people who are unemployed have lost their and aninsurance, important portion of what pelosi put forward included assistance for workers to make their cobra payments, so they could keep their health insurance. a number of workers are in states that did not expand medicaid. vice president biden has made clear, in those states, he will fill the gap that had been in obamacare, that left those workers unable to afford health insurance. there is that immediate need. then of course, the unemployment insurance system is in shambles. that will t

steve charland kevin other visionary minds behind in telling an american cio is still challenging but we have all the solution now so cio is fix so far i think the best soul is moving so that means i can or should move and also maintain tractor sather. we are developing using now but leave your base or only seller is moving to their means or we have to. go by ship or by satellite. means but i'm also the accuracy so. even though the worst case is poor we have to bury accurate track to rio and we can. connection so there could be our challenger for your future so we'll try to overcall. rotating parabolic antennae at the cutting edge of current technology but a few years from now there might well be new antennae available based on semiconductor technology this is a company. with a. business of your future intel but this one is normally carry all body is right of the company here where there is a summer electronic circuit inside the electronics are. real. truck or satellite itself so this kind of doesn't make the mechanical. motion and very accurate and also very small. whether by sea the

we'll ask of richard trunka of the afl-cio. this is balance of power on bloomberg television and radio. . david: this is "balance of power" on bloomberg television and radio. i'm david westin. for bloomberg first word news, we go to mark crumpton. mark: there are more than two weeks to go before election day and millions of americans are breaking voter turnout records already. according to the university of florida elections project, more than 17 million people have voted already either in person or by mail. ohio and georgia have already sent records. democrats are casting early ballots at a higher rate than republicans. if joe biden wins the presidency, he plans to build his national security team with officials well-known inside the washington beltway with a lot of experience. mr. barden has two top candidates for secretary of tony, longtime aide lincoln, who served as his national security advisor, and susan rice, the obama-era national security advisor. top pentagon and intelligence posts are also expected to be filled by p

steve charland kevin other visionary minds behind intel and the american cio is still challenging but we have all the solution now so cio is a fix so far i think the best soul is more so than me as i'm can or should and also maintain a track to sarah. we are developing using now police your face or visually . is movie so that means all we have to. go by ship or by sarah. means but i'm also the accuracy so even though the worst cases we have to bury. accurate track to real and we can maintain the connection so that could be our challenger for your future so we'll try to overhaul. rotating parabolic antennae are at the cutting edge of current technology but a few years from now there might well be a new antennae available based on semiconductor technology this is a company with a. business of your future but this one is normally chemical body is right that we can put here where there is a some electronic circuit inside electronic circuit to real. truck or satellite itself so this kind of doesn't make the mechanical. motion and then a very accurate track and also very small. whether by s

cio.s like this. 19 minutes into the session, we are struggling to generate a bounce. the stoxx 600 trading flat. by point 33%.ive the dax up by 0.14% on a session, barely positive. the enthusiasm for that bounce not really there, is it? from london, alongside annmarie hordern, i am jonathan ferro. this is bloomberg. ♪ jonathan: 22 minutes into the session. equities, bonds, cross assets, starting with stocks, back about .2% on the ftse 100, not much for the dac, after a really ugly three days, we come back by about .6%. negative and flat briefly, now up by about .33%. switch up for the bond market, christine lagarde a little bit later. the good news for christine lagarde, we have a bond market in italy that is showing some stability this thursday, 0.77 nine is your yield on the italian 10-year. the bad news is nobody thanks rates are going up anytime soon, because they do not think europe engineer the recovery to do so -- europe will engineer the recovery to do so. hit the fx market for th

>> the cio does not report directly but i talked to the cio at least once a week and many times seven days a week. >> a provision that is in the taxpayer first and irs is being reorganized going forward so i think you'll see thataddress . >> that's good and what do you think we need to do to modernize the irs and to help deal with these legacy it systems and what is the plan to do that. >> we actually have a plan independent of the taxpayer first and i think given the interests, i'm very familiar from california with the valley and i had three brothers in law who are in it in the valley so i'm understanding that where i is let's say in the valley compared to where it might be in terms of the internal revenue service i have had visits up there, the internal revenue service, they need to come of age to serve the people of this country in the manner that the people of this country deserve to be served. i think that universally, we all support that. and we want the best for our people. we don't want to tax administrative for, administrator that is behind the times so we have to earn that

>> the cio does not report directly, but i talk to the cio at least once a week and many times 7 days a week. >> that is in the taxpayer first act. you will see that addressed. >> what do you think we need to do to modernize the irs to deal with legacy systems and what is the plan to do that? >> we have a plan independent of the taxpayer first act given the interest -- very familiar with the valley and i have three brothers-in-law that have it in the valley so understanding where it is in the valley compared to where it might be, i have vivid up there, the internal revenue service needs to come of age, in a manner the people of this country deserve to be served. universally we all support that, we don't want to tax administrator that is behind the times. we have to earn the trust and respect, we welcome the opportunity to meet with you and your staff, they are independent, there is no overlap, one came on the scene first but we are looking at them somewhat jointly. we have modernization business plan launched in april of 2019. we have yet to receive funding requested on an annual basi

. >> you said of a thousand unions, the cio meant one big union for every major industry.opper miner, ribber worker, electrical workers, amalgamated organizing cotton garment workers in pennsylvania, nuk and the prayerity states. retail clerks, employing the money to organize a textile workers union. ♪ ♪ you know you are underpaid but the bhoss says you ain't. you may be down and ought, out but you can talk it over. ♪ which side are you on, which side are you no♪ ♪ i'm a miner's son and i stick with the union until this old fight is won noed whi fight is won ♪ ♪ which side are you on, which side are you on ♪ >> we have been down here for five days. what do you say, boys? [ cheers ♪ ♪ ♪ this land is your land, this land is my land, from california to the new york islands, from the redwood forest to the gulf stream waters, this land was made for you and me ♪ ♪ as i went walking that river and highway, i saw above me that endless skyway ♪ ♪ i saw below me that golden valley this land was made for you and me ♪ ♪ ♪ this land is your land, this land is my land, from california t

thanos papasavvas from cio / stillr, abp invest is with us.ave been relatively proud of the germans for keeping covid under wraps to some extent relative to the u.k. and the u.s., but it is getting out of hand here. is that a concern for markets? thanos: i don't believe so. i believe partly because of the demographic and germany and where it is impacting it -- the younger generation in berlin, which can be contained is one area. the second area of the local national health service, can deal very easily with the crisis. even in april and may, the weres of i see yocu units only at 20% usage. i do not think it will have a dramatic impact. i do not believe it will have an impact in terms of the elections next year. i think the parties are unlikely to play around with covid discussions. especially with continuing stimulus as much as required. it will keep relatively contained any potential unrest. anna: you are positive on the dax and the euro, is that because you are a believer in the fiscal delivery in europe? thanos: it is more than that, not ju

david: thank you so much are being with us, afl-cio president richard trumka. hereter frank luntz is with his results from the focus group on the debate last night. this is "balance of power" on bloomberg television and radio. ♪ >> we are learning to live with it. we can't lock ourselves up in the basement like joe does. >> he says we are learning to live with it. people are learning to die with it. >> you set a vaccine would be coming within weeks. is that a guarantee? >> it is not a guarantee but it will be by the end of the year. >> anyone responsible for not taking control, not saying i take that response ability initially, anyone responsible for that many deaths should not remain as president of the united states of america. david: that was a taste of what we heard and saw last night at the presidential debate. going out to nashville and the scene of the debate where i chief washington correspondent has been covering the event. kevin cirilli, thank you for sticking with us. give us your sense. was a muchear it more civilized debate we saw the first time. k

. >> instead of 1,000 crab unions segregating the workers, the cio met one big union for every majorand diners, retail clerks and providing the manpower and the money to organize a textile workers' union. ♪ if you are not far away you have to build a union and make it strong ♪ if you stick together it won't be long ♪ ♪ shorter hour, better working vacations ♪ vacation with pay, take the kids to the seashore ♪ ♪ i got to run on the union train, because if you wait for the boss to raise your pay we'll all be waiting for judgment day ♪ ♪ it will be the fan, now you know you're underpaid, but the boss says you aints, and you may be down and out, but you ain't beaten, talk it over. ♪ ♪ which side are you on ♪ my daddy was a miner and i'm a miner's son, and i'll stick with the union until this is won ♪ ♪ which side are you on ♪ ♪ which side are you ♪ which side are you on >> we have been down here for five days, what do you say, ♪ ♪ ♪ this land is your land ♪ this land is my land ♪ from california to the new york islands ♪ ♪ from the redwood forests to the gulfstream waters ♪ ♪ this land w

fund head and guggenheim global cio scott minder. some live pictures of florida right now.king at president trump supporters in front of air force one. president trump now emerging from the plane. we know he's going to hold and make america great again rally. he has at least four straight days of political events. he is expected to travel to pennsylvania, iowa and north carolina. this as we watched trump supporters now reading the president -- greeting the president in sanford, florida. he has just recovered from covid-19. his doctor saying he has tested negative. haidi: of course, this comes as some of the red states showing the rise in the virus infection curve speed coming up, we will be speaking with research affiliate head of equities. the fastest growth coming out of asia's emerging markets. we will be talking about the current. the market open is almost upon us in sydney. this is bloomberg. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four pa

richard from afl-cio >>> last year he made news for playing off 400 coeglle loans.news for a different reason his settlement with doj. next before we talk about tax-smart investing, what's new? -well, audrey's expecting... -twins! grandparents! we want to put money aside for them, so...change in plans. alright, let's see what we can adjust. ♪ we'd be closer to the twins. change in plans. okay. mom, are you painting again? you could sell these. lemme guess, change in plans? at fidelity, a change in plans is always part of the plan. ♪ you can go your own way lemme♪ go your own way plans? your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save up to $400 a year on your wireless bill. with the carrier rated #1 in customer satisfaction. call, click, or visit your local xfinity store today. >>> billionaire robert smith making headlines with a big settlement with the doj. >> prosecutors saying smith willfully violated the law in a tax evasion scheme he

evaluator funds cio. final lap before the race begins.hat do we do with our portfolio as you see it? >> right now with so much uncertainty about to drop down on us we think you should go strong cash, strong balance sheet, good cash flow and we're looking at apple, microsoft, and walmart. liz: okay, these are all very familiar names also certainly in the space of apple and microsoft seen unbelievable jumps over the past 11 months, 10 months so tell me why you would continue to buy at or close to the highs of some of these names? >> i really like apple because it just went through the reverse stock split. they brought the price of the stock down so smaller investors are able to take on their stock. the 5g phone is just coming out and they have very strong consumer loyalty and coming out of this pandemic era, we see consumers being real strong. microsoft is very well-diversified. cloud servicing is going to just continue to expand through their zero product os, their operating system and office are basically cash cows for them. they're also

richardafl-cio.ime this morning. >>> right now we're seeing a sharp uptick in the rate of colorectal cancer in young people. so the u.s. preventive service task force has now decided people should start getting screened at the age of 45. this is five years earlier than past guidelines suggest. i talked to dr. kim many ing about that on "today." >> so when the task force considered this new evidence and put it into their modeling that forms the basis of their guidelines and recommendations and looked at the benefits versus the harms, the balance started to tip in favor of lowering the age down to 45 because more cancer deaths will be prevented and lives saved with relatively few harms or complications. >> colorectal cancer continues to be the third leading cause of cancer-related death in the united states. that's according to the american cancer society. please get screened. >>> venezuelan americans make up 2% of florida's hispanic electorate. that's according to pew research. seems like a smau numbe

joinsivan is cio and he us from tampa, florida. david, great to have you with us.e are seeing that chart right now what is happening in 2020 when it comes to those growth and value stocks and emerging markets and we have seen that growth is still outperforming value so why are you saying that we don't necessarily need to differentiate them in ems? great it really is a time, the choice between growth and value, which we don't think should be a choice. we are always looking for value, but sometimes, like 2009, growth and value are the same thing. if people are willing to look beyond u.s. borders and emerging markets, we find growth and value can be the same thing. examples,t plenty of some of the best companies in the world, quality franchises at value prices. we just tend to be in emerging markets. shery: give us some examples of those companies and which countries you would find them in. up firms.tom we are looking for the best companies and the best prices and they scatter so what might be good in one industry might be different in another industry, different coun

cio engineering. climate system intervention.researchers around the world are working on radical new ideas and. salvation. who are to bring. fine tuning the claim. 45 minutes to the w. b y d this is. this way to bring you more conservation. how do we make cities greener how can we pretend to have a chance we can make a difference. little. and online. hello and welcome wherever you're watching from this is a new edition of the 77 percent i am at you mike a genius it's great to have you with us. on this show we'll be talking a lot about african music how big is it and what is its influence on the rest of the wealth yes a breakdown of what's coming up. kenya's only professional female to caution who is ramming against all. we found out with no median gemini's ition on this house wife after paul has become a global sensation. and finally made moves with ghana's downs and culver city. let's get the ball rolling with one of the key components of african music drums they provide melody and rhythm to any song and can be used for a troll'

cio and senior. climate system intervention. researchers around the world are radical new ideas. who are. fine tuning the quite. a few minutes on the job. every 2 seconds the person is forced to flee their home. the consequences come into sastra so our documentary series displaced depicts dramatic humanitarian crises for all the world to. forget them we don't have time to think i didn't go to university to kill people i thought if i acted that way i mean again. people feel for their lives and their future so they seek refuge abroad but what will become of the person who stayed behind it's a plane up a little my husband went to peru because of the crisis that i wondered if he hadn't gone there we would have died of hunger ran out of town. just starts october 16th condo. how does a virus spread. why do we have it and when will all this. just 3 of the topics covered and a weekly radio show is called spectrum if you would like and new information on the coronavirus or any other science topic you should really check out our podcast you can get it wherever you get your podcasts you can

isning us now here in london atl dinning, the cio waverton investment.sed in the short term on the health of the president in the u.s. virus, hasgainst the that reshaped your view of the election? bill: i think the election to us has been in the background. given the consistency of the lead that joe biden has had in polls and in the betting markets, we are looking for signs that the market is thinking about some of the consequences of a democratic administration. personally, i think the president getting covid puts it back at the center of the campaign. the president was trying to focus more on the economy and the recovery. the job market improving, etc. but this puts the virus back at the center of it which is probably not good for him given how his approval rate dropped significantly in the spring when the virus first appeared. matt: we have seen the approval bolsonaro johnson and skyrocket after they got the disease. the president seems to be taking some lessons from this. it does look like he is on the mend now. he took a drive yesterday. said that h

cio and using a. climate system intervention. researchers. working on the radical right. salvation. who are. fine tuning the client. for the modest dollar. this is some the story of a stubborn rice farmer from thailand. his problems past. this credo no chemical. step. out. on the street. students are. training successful. starts october 1st g.w. . money is the driver of modern life and it's needed to pay for the clothes we wear for the food we want and for nearly every aspect of fall lives while it's used for so many good things.

cio in his new. climate system intervention. researchers around the world on working on a radical idea. who are. fine tuning the clock. for the ultimate. boy. more. closely. carefully. i don't know those who came in misc to begin to. feel. discovered. live. subscribe to the documentary on you tube. i've. done is this the posse it until i moved down to kokoda so. this x. is not the case. once that's excuse to go away this money isn't good then we're going to get this. these are not bad for you because they said is that a boy. or a.

minds behind intelli and from every country or is still challenge but we have all the solution now so cio is fixed so far i think a vessel is moving so that means i'm can or should move and also maintain tractor salwa. we are developing using now but leave your base or visually seller is moving so that means all we have to. go by ship or by satellite there means for either also the accuracy so even though the worst cases we have to bury. accurate tracker video and we can maintain the connection so that could be our challenger for your future so we'll try to over call. rotating parabolic antennae at the cutting edge of current technology but a few years from now there might well be a new antennae available based on semiconductor technology this is a company with a couple of. years of your future intel but this one is normally chemical body is right that we can put here where there is a some electronic circuit inside electronic circuit to reel. yourself so this kind of a mechanical. motion and then a very accurate track and also very small. whether by sea the idea is to ensure easy connecti

is not only a market test to better protect its independence and resilience it has to be seen as a cio strategic hours but several foreign policy disputes are currently dividing the e.u. different members are blocking progress posing the question is the unionists really able to exert united influence on a global level while let's find out our chief in your correspondence alexander phenomena is in brussels for you alexander good to see you know there have been now over 7 weeks of protests and the worst why has cyprus particularly been so determined to block sanctions. well cyprus is saying they are not against sanctions on belarus officials for the violence that we have seen on the streets and minsk and other cities per se but there are saying if the european union is willing to impose sanctions on belarus it also has to impose sanctions on turkey for what cyprus is calling the illegal exploitation for gas in its territorial waters cyprus is saying we cannot operate on a double standard here if we are willing to take a version in a crisis outside of the european union and we also need t

being a cold and cio everyone knows that the ones that are most. putting by president way. and shows in the west. the american republic and then. again they are. financed by the americans and by the edge and it's been 30 nations element which it was also a tense situation that's also bonded by that they have stopped hundreds maybe even thousands. or exxon things that are active and that. means that you're talking about just off of oil but we must learn how to use it correctly. all diplomacy so far as we are now. our go has started our salaf and want. to be we are also no mention don't get scale of soup or buy big bad getting to the west and that russia. is going to give us the comparative stormily but now we have her standing a bad way we should go. so we are witnessing this. so but it's a let's let's hold. time there has come some of it probably in the us. and then failure is and are rarely. bad because you will be banned in the us because well now because they are got about you about a pump as just that all the research labs in the us see. but words with abacha brands occ

steve charland kevin other visionary minds behind in telling an american cio is still challenging but we have all the solution now so it is a fix so far i think the best soul is moving so that means i'm can or should and also maintain track to sarah. and we are developing using now but leave your base or visually. is movie for them is all we have to. go by ship or by satellite so that means for either also the accuracy so even though the worst cases we have to bury. accurate tracker video and you can maintain the connection so that could be our challenger for your future so we'll try to overhaul. rotating parabolic antennae are at the cutting edge of current technology but a few years from now there might well be a new antennae available based on semiconductor technology this is a company with a couple of. years of your future intel but this one is normally carry body is right or we can put here where there is a some electronic circuit inside electronic circuit to reel. itself so it's kind of on the mechanical. motion and very accurate and also very small. whether by sea land o. and t

is not only a market test to better protect its independence and resilience it has to be seen as a cio strategic powers but several foreign policy disputes are currently dividing the e.u. different members are blocking progress posing the question if the union is really able to exert united. influence on a global level is the big question is now the alexander phenomena she's on the story for us tonight brussels good evening to you alexandra it's a long list of issues to go through here let's start with turkey is the european union any closer to solving the eastern mediterranean gas dispute. it doesn't seem that that's the case right now we are hearing that the german chancellor and the french president are speaking now directly with greece and cyprus to try to break the deadlock on that matter however we also hearing that initial draft of the 1st draft of conclusions of that matter was rejected by greece and cyprus according to confront reports this draft was saying that the european union was ready to use all instruments at its disposal to make sure that the sovereignty of greece and

isaac poole, global cio & portfolio manager, oreana portfolio advisory services. this hour, how anotheroking at blow could be hit on an already troubled economy. that is about 20 minutes from now. haslinda: the long-awaited ipo, hard to imagine anything could go wrong. we will look at some of the risks, next. this is bloomberg. ♪ group closing its books for the hong kong leg of its initial public offering as investors chase a piece of the fintech giant. the economic journal -- let's bring in equity markets reporter. is the ipo going? going extremely well, so far, so good. it is oversubscribed in hong kong on the institutional and retail side. in shanghai as well 100 times oversubscribed on the institutional leg. it is closing its books a day earlier than planned also speaks to the strong investor demand that this ipo is getting. full steam ahead, it is going externally well. there are big name investors trying to get allocations, and retail investors rushing to get margin loans to put in orders. it is pretty much a success. whatnda: such a mega ipo, does it mean f

shery: kevin carter, great to have your thoughts, emqq founder and cio.ank of america has ceo, brian moynihan, says more fiscal stimulus is needed to help america's unemployed get back on their feet. he told bloomberg he is optimistic about prospects for the u.s. recovery, pointing to strength in consumer spending. >> i talked a week or so ago and i said the consumer spending would continue to be strong, and it does. today, you have more confirmation that what we see is your today, in 2020 spending, which is about $2.2 trillion through september 27, by bank of america customers, is basically up from last year. just think about that. with all we have gone through in society, with unemployment rising, with disturbances or people staying at home and on the back and forth, year-to-date, 20 is the same size as 19. admittedly, it moves around. admittedly, it had an interesting path. at the beginning of the year, january and february, you were up 9%, 10% to the first two months. then you drop down. then you actually fell to -3%, -4%, and then worked your way bac

still ahead, we speak to the emq queue founder and cio, kevin carter, about aunt groups giant dual asiating. he joins us, next. this is bloomberg. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. build your upper body with pushups. work your lower body with the aerosquat. the aerotrainer is tested to support over 500 pounds. it inflates and deflates in less than 30 seconds using the electric pump. head to aerotrainer.com now. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotra

it is about hubert humphrey speaking at an afl-cio gathering. and it was towards the end of his life. he was still smiling. he knew it was almost at the end. and he had a great quote at the end of his speech. he says, i'd rather live 50 years like a tiger than 100 years like a chicken. but i want to move up to 1968. i met a guy 20 years ago who said he worked on the humphrey campaign in 1968. he said that he came home after working on the campaign, and he was at this hotel. he was looking out at this park, and the news came on and said that there's a humphrey protestors having violence in the park. he called humphrey the next day when they had a meeting, and humphrey said, i know. nixon's been doing it for a while and there's nothing we can do about it. i think from this guy's story nixon was doing it to link humphrey to anti-war protestors, and i was wondering if your guests have ever heard a story like this. thank you very much. >> thanks very much. >> i have heard stories of being paid protesters, and i've heard that in the civil rights movem

-cio has filed a complaint with the united nations international labor organization in geneva charging that the us government is violating workers' rights in terms not typically associated with well off countries at one point saying the bind they bind many essential workers have been placed in during the pandemic forced to risk infection or lose their jobs and potentially unemployment benefits amounts to a system of forced labor the post goes on to note that the some of the complaints harshest accusations were over the trumpet administration's executive orders the clear again history such as meat packing essential compelling them to stay open even amid potential novell coronavirus outbreaks while federal agencies including osha declined to issue an forcible safety regulations so with no help coming from our elected officials at home due to both the democrat republican party's fealty to corporate money power and influence u.s. labor unions are now forced to look to the united nations for help. yes my friends it has come to that which means it's time to start watching the hawks. who want

now on bbc news, click talks to the cio of zoom —

now on bbc news, click talks to the cio of zoom — the video chat company that has experienced unprecedentedring the pandemic. this week — the zoom room boom. but will it continue to bloom? ai gives your webcam the eye. and paul makes friends with tens of hens. hey, welcome to click. hope you're doing 0k. it's been nearly seven months now since we all packed up our camera kits on this programme and took them home. even back in march we were being told we needed to get ready for the long haul, but i'm not sure many of us were able to mentally prepare for that properly. how are you doing, lara? well, i can't believe it has been that long already. i think there's a strange sense of us restarting this again. i suppose things had got a little bit back to normal but now we know we will be continuing for quite a while. one thing that i am starting to feel better about, though, and i think quite a few other people may be as well, is starting to differentiate between home and work life, even though it's all happening in one place. yeah, it is tricky to get the boundaries right though, i have to say.

joining us is john woods, asia-pacific cio at credit suisse.saw this big and some say it was a game changer for markets that changed the dynamics of the election. now we see resilience across the board. what are you telling clients this morning? clients,haring with the likelihood that volatility will remain extremely high. as you point out, one minute we are seeing stock waves -- shockwaves. the next minute, we are seeing waves of calm and accurately anticipating how the pope folio is positioned to exploit risk is difficult. it's difficult ahead of elections. to main takeaway for us is remain somewhat cautious to anticipate and expect further volatility and protect portfolios accordingly. how do you stay invested amidst volatility? is it still better to do something rather than sit on the sidelines and wait until after the election? , we shouldactively be seeking to protect the gains, particularly from u.s. equities that we have seen thus far. i think everyone would agree that the market in the united states has performed extremely well since t

-cio told the washington post quote covert has laid bare what we already knew it has demonstrated that not only is the u.s. violating workers' rights but those violations are resulting in people die it became soil rageous that we wanted to file the complaint and when you look at the numbers it is kind of frightening when you see these you know you see them in this report when you lay it out that you see complaints to osha and then 1720 days later you see a spike in krona virus best know that's enough correlation to say people were complaining but you know. now they're getting hit because no one stepped up no one stepped up to say what will be workplace safety guidelines everything was kind of patchwork at what ever anybody could grab no it absolutely was in the other part is that if you work in a factory or if you work with machinery or if you did any of those types of industry level jobs you were one of the last people to get p.p. equipping and you know they and their their families everyone is hearing about how 19 is ravaging yet they still have to keep food on the table so they're s

-cio has filed a complaint with the united nations international labor organization in geneva charging that the u.s. government is violating workers' rights in terms not typically associated with well off countries at one point saying the bind they bind many essential workers have been placed in during the pandemic forced to risk infection or lose their jobs and potentially unemployment benefits amounts to a system of forced labor. the post goes on to note that the some of the complaints harshest accusations were over the trump administration's executive orders the clear again history such as meat packing essential compelling them to stay open even amid potential novelle coronavirus outbreaks while federal agencies including osha declined to issue and forcible safety regulations so with no help coming from our elected officials at home due to both the democrat republican party's fealty to corporate money power and influence u.s. labor unions are now forced to look to the united nations for help. yes my friends it is come to that which means it's time to start watching the hawks. on a c

shery: joining us for more is founder and cio kim forrest. great to have you with us.e have downside pressure on stocks but we also had bonds being down, commodities mixed and a little higher. not a true risk off when it comes to the cross assets. how do you read today's market volatility? and how do you take advantage of what's happening right now, especially as we still don't have a stimulus package? kim: sure. how do i put this? i think if you are a pessimist in the short run and an optimist in the long run, it might benefit you as an investor. by that, probably assume a stimulus package does not get passed shortly but one will in the long term, then pick stocks that are kind of good quality companies that are down and out for many reasons, then hold them for a while. that is kind of my stick here. to be short-term pessimistic, long-term optimistic. towards thee headed heart of earnings season and it is really funny how you said on your notes that you are really excited about it because you get to pick the winners and losers. kim: yes. shery: that's interesting beca

haidi: was the guggenheim global cio scott minard. taming the surge.he pressure after the pboc moves to calm the frenzy, fixing the key broker markets. this is bloomberg. ♪ shery: the pboc is moving to sayinge yuan surge they no longer need to set aside cash when buying currency -- so what this does is make it easier for traders to shor tt te yuan. i thought that the pboc and chinese policymakers were more tolerant of a stronger yuan. what led to this change? and it makes it easier cheaper as you say. when these requirements were last put in place two years ago, that was because the yuan weekend to about -- weakened to about seven on the u.s. dollar. the last quarter was the strongest quarter for the chinese currency in 12 years. on friday alone, you saw that jump 1.4% for the see ny versus the u.s. dollar. versus thehe cny u.s. dollar. we have seen a number of factors coming into support the chinese currency. stimulus story and the weaker dollar as part of the story. also the recovery in china and the yield differential when it comes to the sovereign

someone from duke university with a tour of duty at goldman sachs and citigroup, copresident and co-ciohigh-yield, his focus is on credit. a conversation. when youality is, really peel the onion back, not only at every industry, but every company has a little different impasse. the airline space, certainly those airlines that are either domestic or catered to more of a budget traveler, those will probably have a bit more recovery than the high-end business recovery. we found certain situations, whether it was providing new de bt capital, or we have been involved in some of the restructurings where we suspect what is going on with aviation, the value of planes, the value of leases, that there may be an interesting opportunity to be a lender through a restructuring process. we have found a variety that we thought made sense. i do think if you take a step back that a couple of big industries, commercial real estate, and aviation, i do believe that there will be a multi-year opportunity, no pun that,ed, how you navigate because you may start out as a senior lender, may find yourself providi

theing is for his views, tigris financial partners cio.a beat when it comes to earnings on revenue, cash flow, looking ahead to a possible delivery date when it comes to the cyber track as well. is there anything not to like about this set of results? does it make investors feel better given the volatility in the stock? evaluation ofe volatility is high but they didn't record deliveries, record revenue, record profits, and even though the skeptics say that the profitability still comes from the sale of the credits, the fact that there is record demand and they are still working very hard to keep up with demand shows that consumer likes the tesla, consumers want and with what they are coming out with as far as battery technology, cars, cyber trucks, and other companies, is that electric cars are going to boom. we have already seen increases in expectations for the percentage penetration of electric cars as total vehicle sales, and you know, tesla continues to not cover it. elon musk continues to deliver and in an environment that the covid-

brokerage accounts were created just this year is it safe to bet on these cheapies joining us, the cioet management he of course is a cnbc trader. i used to understand the allure of under $10 a share but in this day of having the ability to buy fractional shares on robinhood's platform and some others, i thought it would have lost its luster, but seemingly not. >> yeah, that's the thing. the misperception that cheaper shares offer morrelltive value in dollar prices is crazy. but the concept that more shares at a proportionate lower price also added intrinsic valley. we saw that with tesla we saw it with apple the retail investor has been a major player in 2020 the robin hood numbers tell what they tell. the fact that sports were closed that stimulus czechs turned into possibly gambling checks ask the dynamics for the market here for the retail investor have certainly made it such that you have been seeing all kinds of speculation in some cases these single dollar price stocks. >> yeah. i don't know whether it is because somebody feels richer if they have 100 shares of a $5 stock as opp

stealey , cio fixed income, jpmorgan chase bank.more on the mounting restrictions around europe. this is bloomberg. ♪ manus: it is "bloomberg daybreak: europe" hosted from dubai with me, manus cranny. p.m. u.k. time, we will get gdp out of the united states of america. p.m. the ecb, christine lagarde will speak at press conference, what will the narrative be on policy? and then we get a raft of earnings. they better not disappoint on the guidance like microsoft did. don't forget google parent, alphabet. let's get more on the unfolding story around europe, the coronavirus restrictions, what do they mean? france imposing a nationwide lockdown tomorrow. germany will close bars and restaurants for a month. maria tadeo is living through this lockdown in brussels. good to have you with me, can you contact allies these closed downs, lockdowns, shutdowns, circuit breakers compared to march? headed to awe are picture that looks similar to march. the germans have gone into a partial lockdown that shuts down all hospitality. they want to cut d

jonathan: lucky to have with us today sonal desai, franklin templeton cio. there is a narrative out there that regardless of what happens in two weeks time, things will be ok, someone will deliver a fiscal package. how misplaced is that comfort that things will be ok? sonal: i think you have to break this up. first of all, the idea that within two weeks we will certainly know one way or the other. we don't know that for a fact. over the last several months, the market has become increasingly comfortable with the idea that mail-in voting will happen, we will have a blue suite, and it will be clear shortly after the election. and the election will not end up in court. it is a little risky to discount that completely. that is the first thing that could create a certain amount of nervousness in markets. the second issue is that fiscal package. right now, we have come full circle of markets being concerned about a blue sweep to actually welcoming one because they are eyeing an eye watering we large fiscal package into next year. if we were to have the blue sweep

minds behind intelli and the many country or is still challenge but we have all the solution now so cio is fixed so far i think the best soul is more so than me as i can or should and also maintain track to sarah. and we are developing using now but leave your base or visually. is movie so that means all we have to. go by ship or by satellite there means. accuracy so. even though the worst case is poor we have to bury. accurate tracker video and we can maintain the connection so that could be our challenge here for your future so we'll try to over call. rotating parabolic antennae at the cutting edge of current technology but a few years from now there might well be new antennae available based on semiconductor technology this is a company with a couple of. years of your future but this one is normally chemical body is right and we can put here where there is a some electronic circuit inside electronic circuit is real name truck or satellite itself so it's kind of a mechanical. motion and then a very accurate track and also. whether by sea the idea is to ensure easy connectivity for peo