the clause was explicitly put in a federal constitution to promote commerce, to promote commerce.ide. it was put in there by the framers, not me. it follows that when a governor, by unilateral action, i don't even know where they get the power from and some of these cases, but order businesses close that affect, particularly in a negative way come interstate commerce, it is the governor that may be violating the federal constitution and of course if the president's job is the head of the executive branch with his justice department and so forth, to protect the constitution, so it's absurd to say the president has no power. it's not a federalism issue, it's in interstate commerce issue.e. t i'll give you an example, if the governor of kansas decided to close all the wheat farms in kansas or to prevent those farmers from exporting wheat to other states for any reason, including a virus, that's not constitutional, why? because of its impact on interstate commerce. two -- 22 million people unemployed, it's actually more. those are the ones signed up for unemployment, and 30 days, tril

this is bloomberg. ♪ growth intinued e-commerce and social commerce during the current pandemic.acebook wants a piece of it. mark zuckerberg announced the company will recommit to online shopping and commerce, and that he personally will be involved to do so. we are joined by michael levine of pivotal research. he was taking a break from cold water surfing to join us. always great to have you here on the program. give me some of your initial thoughts about facebook's thoughts, and the opportunities it could unlock for the company. for the lead in. i think it is pretty fascinating. clients,r messages to even looking as earnings season has gone by, it is pretty apparent that if you have a store, if you have under invested in your presence online, you need to get there, and get it figured out in a hurry. lot facebook for doing something different than they have done before in their prior attempts. necessarily a new thing to them, marketplace is not new. i don't think it has seen a ton of attraction. investors have been waiting on this for about a year. i think they realize the same

it makes any, quote restraint or trade of commerce in interstate of commerce illegal.not unlike the i see a, it's enforced with fines and lawsuits, although these are suits that can be brought by public district attorneys. it is used against clear monopolies and cartels that is secret agreements that engage in rate fixing. this is actually the kind of thing, although it was an icc matter because of railroads that my great great frank father would have complained about. he would've said the southern pacific and the topeka, they have fixed rates, they don't have a choice. you could call that a cartel. it is supposed to outlaw that. it is not effective against holding companies. they cannot prosecute these companies that are sort of shell companies that own a bunch of different companies. it is in this context. how many of you have heard of theodore roosevelt as the trust buster? it is kind of, famous right? he comes down in history as in 1902, you probably also heard -- this is an old saw, that he wasn't really all that anti trust. there were plenty of corporations and c

department of commerce is close to signing off on new rules that would allow american companies to work with wall way in establishing 5 g. standards all this according to officials who are familiar with the matter and spoke to reuters for more we bring in our team respondent rachel blevins rachel a lot of back and forth here what do we know about this decision well it was nearly one year ago when the commerce department 1st announced that they were placing wall way on a blacklist and at the time they cited national security concerns but now it looks like they may be taking a step back from those claims so reports are now claiming that the commerce department has drafted or rule which would allow u.s. companies to work with while way to set global 5 g. standards they say it acknowledges the importance of inclusion in creating industry standards for 5 g. but the rule still requires approval from other agencies before it is finalized and the commerce department has yet to address those or to say whether their focus is now moving away from national security and towards the need for a 5 g. d

the commerce department now in this letter they specifically wrote quote we are deeply concerned about the risk to the u.s. global leadership position in 5 g. wireless technology as a result of this reduced participation and the economic and national security implications of any diminished u.s. role in 5 g. so before they claim that if the u.s. worked with wall way then that could harm national security now they're saying that if the u.s. doesn't work with while i am 5 do the maybe that could harm national security so there's a lot of different messages going on here but it is important to note that even if the commerce department changes its role while way is still largely blacklisted here in the united states it is so i wonder how that will play out and how while we will be able to infiltrate here in the united states because they are the biggest telecom giant and the lead apparently for and months of technology for this 5 g. infrastructure which i mean the race for 5 g. continues r.t. correspondent rachel thank you for that thank you. time now for a quick break but hang here because

it makes any, quote, restraint of trade or commerce in interstate commerce illegal. not unlike the ica, it's enforced with fines and lawsuits. although these are suits that can be brought by public district attorneys. it's used against clear monopolies and cartels. that is, secret agreements that engage in rate fixing. this is the kind of thing, although it was an icc matter because of the railroad, that my great grandfather would have complained about. he would have said the southern pacific and topeka atchinson, they fix rates. you could call that a cartel or secret agreement. it's supposed to outlaw that. it's not effective against holding companies. they're not able to prosecute these sort of shell companies that own a bunch of different companies, but it's in this context, right? how many of you have heard of theodore roosevelt as the trust buster? yeah, he was kind of famous, right? he comes down in history as the trust buster during this presidency beginning in 1902 you probably also heard, this is an old song in history classes, he was not all that anti-trust

but there will still requires approval from other agencies before it is finalized the commerce department has yet to address this or to say if their focus is now moving away from national security and towards the importance of 5 minutes so rachel how has this decision to blacklist weiwei how is it impacted companies here in the united states where u.s. technology companies like intel and qualcomm have been at the forefront of pushing for the government to pull back on these restrictions because at the end of the day wall way is the largest producer of telecom equipment in the world so these companies here in the u.s. are the ones that stand to lose the most now when looking at the impact that all of this has had over the last year the senior director of policy for asia the information technology industry council argued that although the u.s. government wants its companies to remain competitive with wall way their policies have inadvertently caused u.s. companies to lose their seat at the table to wall way and others on the end so not only have they lost money but they've also lost influen

it makes any quote, restraint of trade or commerce in interstate commerce illegal.not unlike the i see a, it is enforced with fines and lawsuits. although these are suits that could be brought by public district attorneys. it is used against clear monopolies and cartels, that is secret agreements that engage in rate fixing, so this is actually the kind of thing all the way was an icc matter because of the railroad that my great grandfather would've complained about. he would've said you know what, the southern pacific and topeka atkinson, they fixed rates they don't have a choice. you could call that a cartel or a secret agreement. . . . . ? you at and. . all in his integral address, roosevelt made a powerful plea for the right of the federal government to intervene and unfair practices and cabalistic uses. classic example of reform not revolution. in practice, anti trust laws could definitely backfire at least from the standpoint of the people who had first championed them, because just as the 14th amendment could protect corporations as persons, anti trust laws co

appears that they may be taking a step back from that claim now reports are now saying that the commerce to partner . it has drafted a rule which would allow u.s. companies to work with broadway to set global 5 g. standards now they say it again all it is the importance of inclusion in creating standards for 5 g. but there will still requires approval from other agencies before it is finalized now the commerce department has yet to address those or to say whether their focus is moving away from national security and towards the need for 5 g. dominance so rachel how has this decision to blacklist how is that impacted u.s. companies though where u.s. tech companies like intel and qualcomm have really been on the forefront for calling for the government to pull back on its restrictions because at the end of the day wall way is the largest producer of telecom equipment in the world so it's companies here in the u.s. that stand to lose the most now when looking at the impact that this has had the senior director of policy for age at the information technology industry council argued that alth

with: we will stick e-commerce. from pandemic shopping, but the better than expected 22% revenue growth was its lowest on record. the company is facing rising new challenges from the competition and disruption of u.s.-china tensions. joseph berger joins us. was it disappointing and surprising to the downside we did not see alibaba come out as one of the few obvious beneficiaries? we saw their cloud business growing. we saw growth in e-commerce but it was the slowest we have seen in a long time. holding the thing alibaba back? >> clearly it was a tough quarter, march was that time when the pandemic was in full effect. that is when things were challenging. of came out of a slow month february with chinese new year and things to not ramp up the way they normally do. the copper bowls were tough for them. we think they did well. q2 being a lot stronger and , butng pre-pandemic levels clearly february and march were tough months for them given the situation on the ground. haidi: if your an optimist, you say the economy is

the senate commerce committee, which i'm a member, will be looking at efforts to maintain and expand reliable high speed broadband access during this time when so many americans are relying on internet in connection with work, school and family and the senate health and labor and education committees will be hearing directly from the leaders of the fight against the coronavirus, dr. fauci, and others. and experts will talk about what we need to do to open our economy and our schools and monitoring the implementation of funds we've provided. we've delivered a tremendous amount of money to respond to the pandemic, equal to almost 50% of the entire federal budget for 2020 and it's important that any future funding be caringfully targeted. we're facing extraordinary circumstances and they called for a ekn extraordinary bold mo from washington. and it's important to remember that every trillion that we've borrowed for the pandemic is borrowed money and our children and grandchildren are going to be paying for that borrowing. that doesn't mean that we're not going to provide more money if

as you mentioned, launching the accelerating social commerce to significantly boost their largest with potential game changers. a $30 billion revenue opportunity that he said change the game for them. just one year later these have tripled, it is a $30 billion opportunity that has expanded the traditional transactional .lements offering merchants a more branded experience on a broader platform. the proof is in the pudding. until this point analysts thought that this could be kind of what facebook needs to get that going. emily: speaking of facebook, they are looking at their plans to come back to the office and they will be taking precautions, no more than 25% of workers can come in at any one time, put on multiple shifts to go through temperature checks. i want to bring in kurt wagner, who has been covering the story. walk us through the guidelines that facebook is laying out. >> you mentioned the 25% capacity, a lot of perks from these tech companies. grab and go food, they need to think about how they will shuttle people to and from the office. that has been a big work, people getti

and also the commerce department apparently apparently he wants the commerce department to have more access to crack down on these companies as well not exactly sure how it applies to commerce other than the fact that it crosses state lines i suppose because it's internet but that's apparently one of the agencies that would be looking at it you know this wild west of the internet social media obviously has been around you know. 1520 years now of this type of stuff but we still are in a situation where we haven't been sure to how to characterize it as you said or your publisher or your social media or what what are you it seems like this just gets more and more complicated as we go well it does here's the problem is that up until 2016 i think pretty much all the stuff companies were just platforms you could go on to facebook you could create a page you could post content onto that page and if people wanted to see it they would follow you they would like it in they would see it the problem is since 2016 facebook shifted twitter shifted and you tube shifted and they decided that they ne

chamber of commerce has stepped in every time and killed every one of those buy american initiative how about that really i mean can you think if you destroy a buy american initiative ok why do you do that because the chamber of commerce they want the 1st of all they only represent 19 companies 19 of the biggest multinationals in the world they don't represent mom and pop so they want to ship jobs overseas they want you know they want the cheap labor. in the process we have lost our heart when it comes to manufacturing in jobs that should stay right here in this country and so as i watch this whole thing develop nafta a disaster absolute let me tell you how bad tell me tell you how it's affecting the e.u. people don't even know the story in the e.u. this globalized notion of global plod to politics in the e.u. if you're in italy and you want to grow oranges in italy because that's what you've done for generations the e.u. says to you can't grow and sell oranges because that's reserved for portugal or wherever it may be they're actually told what they can sell what they can't sell that's

chamber of commerce. that is right up next here on "bloomberg surveillance." ritika: a third night of -- violencer the from protests over the death of george floyd. on twitter, president trump blasted the mayor of minneapolis , called the rioters thugs, and threatened to send in the national guard. twitter said it violated its raw's about qualifying violence, hours after the president signed an executive order seek to -- order seeking to weaken liabilities for tech companies. the president says he is not happy with regulations that would cut freedoms in hong kong. that opens the door for the president to impose penalties. they could take a range of actions, including revoking hong kong's special trading status. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ >> the fed actually hasn't done a lot in the credit markets all, but there is a sense that the fed will be there for purchasing reasons, or to provide for markets to act

the commerce department is expended in so-called entities list which restricts access to u.s.echnology. the companies and universities of the trump administration that has ties to the chinese military. coronavirus cases continue to rise, albeit at a slowing rate. global infections now approaching 5.5 million and fatalities above 344,000. u.s. cases rose 1.3%, slower than recent days, while deficit showed the lowest increase in more than a week. president trump i dismissed warnings, despite the mayor of baltimore says it sets the wrong message. more stimulus is on the way to tackle the fallout from the pandemic. the bank of france governor says there is room to innovate with current limits on ecb action being loosened. 4e ecb's next meeting is june and economists expected will use the session to add more stimulus. western australia is clearing up after one of the most powerful storms in years. thousands of homes and businesses were left without power, although police say there were no confirmed casualties. the storm was a combination of the weakening cyclone colliding with a co

grassley: covid-19, as we all know, has thrown a wrench into america's corridors of commerce and manufacturing in addition to threatening lives and the loss of lives. the unprecedented effort to stop the spread has shut down life as we know it, closing schools, movie theaters, gyms, salons, and restaurants. in a hysterical approach to it, i always say we've had pandemics before but never has the government shut down commerce the way we have. our rules have disrupted our food supply chain and pulled the rugs out from underneath our economy. and, yet, across my home state, iowa's businesses and industries stepped up to the plate. ethanol plants, local distilleries, others teamed up to produce han sanitizers for -- hand sanitizers for hospitals, nursing homes and local law enforcement. others retooled their factories and redirected their workforce to show -- to sew masks, produce face shields and to protect face shields and to protect businesses show there's nothing halfwayup the iowa way . >> madam president majority leader. >> our healthcare sector is intended to battle the coronavirus at every

, and the american chamber of commerce will continue to stand up for the rule of law, will continue top for all of those things which have helped hong kong and american business in hong kong and american business around the world to prosper. american business is so successful because it has helped create an environment. markets can operate on a fair basis and i think that is the ,ay the best banks have behaved not occasionally without getting things wrong. we will not go over that, but they are better than the alternative. francine: christopher patton, thank you so much we will have to -- think you so much. -- thank you so much. christopher patton, former governor of hong kong. do not miss "leadership live with david carlisle," speaking exclusively to the youtube chairman. this is bloomberg. ♪ ♪ francine: we were just having a great conversation on the market. conversationgreat on the agricultural commodities. we spent enough time talking about oil and not the rest. joining us is tracey allen with jp morgan. if you look at the patterns and the way we consume food and the way the harves

today kron four's haaziq madyun talk to the ceo of the walnut creek chamber of commerce about what not being able to completely move into phase 2 maine's to the city's economy. >>while the creek generates over $2 billion annually in taxable retail sales and that's why with california governor gavin newsom announced the state is easing the current shelter-in-place order in phase 2 of reopening the economy, the ceo of one of the creeks chamber of commerce j hoyer was relieved, we're happy forward of there are a lot of businesses out there that are are combating the suffering. yeah, and any movement in that direction is health, although the state is easing restrictions monday contra costa health services has decided to keep the current health order in place barring an essential businesses from offering curbside service hoyer explains why the chamber agrees with this decision as tough because why would i just be different. >>logic is that we're a part of the east bay, the census compare were part of that marketplace. therefore e it makes sense that all the counties were together with what

sure they are in compliance, those guidelines are scheduled to be presented during a chamber of commerce meeting on tuesday has it made you kron 4 news. >>about 70% of americans argue their state governments are lifting restrictions to quickly this is according to a new poll from the pew research center 68% of americans are concerned about it. 31% think that they're not being lifted quickly enough. meanwhile, 48% think kurt restrictions are fined 27%. i think there should be more of them. 24% think there should be fewer restrictions. california is the first state in the nation moving to send mail in ballots to every registered voter for the november election. capitol bureau reporter ashley zavala has that story. >>governor gavin newsome friday signed an executive order allowing every voter in california to receive a mail in ballot for november's general election in to make sure that we are reaching out to all registered eligible voters giving them the opportunity and giving them the choice and not to feel like they have to go into a concentrated dense environment where their health may b

it violates interstate commerce. some of this -- chickens only live in one place and that brooklyn, so they're not interstate commerce. and so on and so forth. it's a wonderful case about a well-meaning law with his huge hulk component to the chicken regulation. and well-meaning law supposedly looking out for the health of the customer that actually did the opposite. why people wanted to pick their chicken was another thing. they had a lot of disease. there were not antibiotics and people wanted to pick a healthy chicken. for the families or with a restaurant. going into this in such detail because it might just of today when all of a sudden very needy regulations have the opposite effect of what they are meant to. i'm talking about covid regulations. that was an example of trouble in the new deal. >> it's amazing looking back on the sheer power of the nra, not to be confused with the modern national rifle association but even looking back at going through old movies from that era. era. you see the blue eagle stamp a

pallone, the chair of the energy and commerce committee. mr. pallone talked about what's in the bill, the heroes act. the energy and commerce piece. which is about a robust and rapid testing initiative. a strategy. a strategy with a timetable, benchmarks, mile stones, and the resources necessary to get the job done. and the job is to save lives. and those who are gathered here yesterday were pointing out how effective communities of color -- affected communities of color are by this. but there's not adequate testing there. we've got to get a handle on the challenge that we face. and we can only do that if we if , if we trace and then we treat, we can reduce the number of deaths. and of course the isolation that goes with it. and wearing masks and following commonsense and good guidance. so this -- i'm here today to say to you, 100,000 -- how many more of those -- how many of those could have been saved? we have example after example after example. poor anecdote of others saying, appropriations is not data. but the fact is it's illust are ative

china again this is not a scheduled flight but a charter flight organized by the german chambre of commerce and it's seen as a test for many countries who are eager to get their business executives back into the country temperatures screened at the gate and we get a test result. not just happened upon arrival the family as everybody else will have to quarantine for 2 weeks in a hotel room companies are to obtain multiple commissions from the chinese authorities for their employees and all of us had to pick up a special visa had one of the consulates flight was even postponed a few days because not everybody was able to get the paperwork done in time finally we are on our way our temperature is checked several times throughout the night. upon arrival health authority offices board the flight to check the temperature again we have to fill in a questionnaire our data is registered with the health authority and we have to go for another round of testing. nose and mouth swabs for another virus test plus blood for an antibody test takes us directly from the airfield to the hotel. after our luggag

a $2.2 trillion spending package that lets the federal reserve lend $5 trillion more with all commerce halted, lawmakers loosened rules to get the money out fast. >> more requirements we came up with, the harder it was going to be to get the money out the door >> reporter: even if 1% is misused that's $70 billion so who is policing all this money? the law lets congress appoint five members to oversee the corporate loans, with virtual meetings, no chair and a nebulous goal to ensure well being. >> we want to ask the treasury and fed what's your strategy, what's your focus, how do you design this in order to benefit the economy as a whole and how do we do it in a man remember the benefits exceed the costs of this kind of an intervention in our economy? >> reporter: this man, an adviser to senator elizabeth warren, says he wants to make sure companies who get this money are keeping people employed >> what are we getting for the $500 billion that we gave the treasury in this program and are the benefits flowing through to working people or being shunted off mostly to executives and to shar

out on the street, in cases where we would be closing lanes of traffic, to be able to move more commerce outside, not just restaurants, yoga studios who want to have classes or folks who just want to engage in outdoor commerce. we know a lot of businesses won't be able to bring many people inside so it will be essential. >> the san jose city council meeting gets under way at 1:30 this afternoon. we'll let you know what they decide. >>> president trump reveals he's on a daily dose of an unproven drug, hydroxychloroquine, that protects against the coronavirus. but the nation's top doctors warn it could have potentially fatal side effects and critics say that the president is sending a dangerous message. a white house official later told nbc that the drug was prescribed and the president requested it himself. here is nbc bay area's kristen welker. >> i'm taking it. hydroxychloroquine. right now. >> reporter: overnight, new reaction to president trump's bombshell admission that he's taking the antimalaria drug hydroxychloroquine to protect against coronavirus. >> i heard a lot of good storie

but kpix 5 has found out they will have to do it in oakley after the chamber of commerce shut down. >board members say the oakley chamber of commerce struggled financially, even before the pandemic. the virus knocked out any chance of survival. >> just makes you want to cry. it just -- it's as sad as it gets. >> reporter: the latest casualty of covid-19. >> final nail in the coffin. covid-19 just buried us. >> reporter: board member mark whit lock says the chamber relied on its annual wine and whisky fundraiser event to cover operating costs. the june event was cancel. and with membership dropping in recent years, down to about 60 business members, the nonprofit ran out of money and shut its door losing that touch with the community. someone having a voice for the business community there that is now gone. >> reporter: the vice mayor said it's a big loss for the city of 42,000 people in easton

house of representatives committee on energy and commerce. he secured passage of the energy policy act of 2005 as the chief negotiator and legislative architect for the house majority. for thed the senate committee on commerce, science, and transportation. marksey did earlier that new position carries greater responsibility for rebuilding our energy economy. what i haven't mentioned is the breadth of experience. mark worked on an offshore oil rig in the gulf of mexico and it's those folks who ultimately will depend on the decisions that you make. it is those folks most vulnerable to the coronavirus downturn. the fact that you can fully empathize and relate to that guy on a helicopter coming back from two weeks to go back two weeks more, and how he feeds his think that is your greatest qualification of all. i know that he has the full confidence of the secretary, who has already given you additional responsibilities in the department while the deputy position has been vacant. having a full view of the capabilities will serve you and everyone e

house representative committee on energy and commerce. he secured passage of the energy and policy act of 2005 as a negotiator and architect for the house majority. he served as staff counsel for the committee on commerce, science and transportation focusing on maritime issues. position carries greater responsibility. what i have not mentioned is the breadth of experience. he worked as a roustabout on an offshore oil rig in the gulf of mexico. it is those folks who ultimately will depend upon the decisions we make and that you make. it is those folks who are most vulnerable to the coronavirus downturn. the fact that you can fully empathize and relate to the guy on a helicopter coming back from two weeks to go back two weeks more and how he feeds his family and how everything depends on that, i think is your greatest qualification of all. confidence of the secretary. who has already given you additional responsibilities while the deputy position has been vacant. having a full view of the department's capabilities will serve you and everyon

we spoke to vaynermedia ceo gary vaynerchuk about how that is impacting e-commerce, social media andake a listen. gary: it exploded when everybody got their stimulus checks. it reminded me how much of a materialistic, capitalistic country we are. i was actually disappointed -- a lot of my businesses are in e-commerce, so i was micro happy but macro disappointed because i was hoping people learn how to save money during this time. we sit with aia, lot of fortune 500 companies at we are very involved in a lot of their e-commerce businesses. the numbers on food and beverage. i think clothes have been hit, so apparel has been hit in certain ways. capitalistic, materialistic country and people want to buy things. sports cards is a space i pay attention to. i cannot believe how well it is doing. i think the macro conversation is the way this is all playing out, i think it is discussing some of the economic vulnerabilities because we are still in this cocoon. i think people still think there may be another stimulus check coming for me. this is over, i am going to get a job. i think the most

want the states fighting with each other over commerce. they agreed on the central government having power over the military and diplomacy and the frontier. all the big things they agreed on. and they did differ. what franklin said, he said quite a bit at the convention, but both of them were so committed to this working that both washington and franklin were constantly having meetings, meeting with people at their homes or where washington was staying or at the inns and lodges they were staying at, they were both brokering compromises because essential to their character, both of them believed in compromise. both of them believed you don't compromise on principle, but we compromise on means. as lindsay said, washington was not a great public speaker. neither was franklin. they both listened more than they spoke. they both loved to give credit to others rather than take all the credit themselves. both were famous about that. both wrote it down as virtues of sharing credit, working like a team. they believed in collegiality. that is why fra

cities, the five cities of napa, joined together and it is led by the napa chamber of commerce, and the chair is mike murray. we had a call today with business owners from around napa, and it was just a wonderful call. there's a picture right there of the call that we get, and we were able to talk to members of the community, business owners that are hurting, that are worried about how we can open back up, and what we are going to do. as we go down this road of recovery. is a painful process, but the napa chamber of commerce of the other chambers here in napa county are paving the way to make it really work, and they're working hard with our napa county health department to come out with the process, it will be safe, and efficient for all businesses in the community. >> do you know when that plan might be availed? >> the plan was typed up and submitted to our napa county health department, and governor newsom came out with new orders today and from what i understand, the health department will be updating the guidelines as early as tomorrow. so, it's kind of the phasing in , two ste

there's a big movement from brick-and-mortar to e-commerce.where there is brick-and-mortar, where people are going face to face, we see a big rise in contactless payments. 40% growth in people going and just tapping their card because they don't want to handle cash, they don't want to put in a pin number. being able to tap and go is a safe and secure way of making payments. , as you said,es are particularly hit by this crisis. we have committed $250 million in financial services and support to small and medium-sized companies to help them digitize, bring them into the e-commerce environment, make sure their transactions are safe and secure from cyberattack and fraud. an area ofe continued focus in the united states and around the world. david: one of the questions we are asking, almost all of us now, to what extent is this pandemic changing where he will be? things beennt have rushed because of this pandemic? michael: i think this crisis has underscored just how important digitization is, for individuals to be able to transact, get payments fr