francine: thank you so much for your insight, david kirkpatrick.ll talk also a lot more about the reddit phenomenon. coming up, we will speak with the former credit suisse chief executive. this is bloomberg. ♪ francine: this is bloomberg surveillance as we take you inside the official residence of the president of the italian republic. meeting with mario draghi, tapped to become italy's next prime minister. with a pretty broad mandate to steer them out of world -- recession and tackle covid. a very difficult situation. we will see what happens with that. tom: on real gdp a look at the pandemic crash and its bounce back and it's back to the level of growth of 1999, which is extraordinary. how much of the collapse of italy is due to it being a tourist magnet? francine: in part is that, but also in part it's tough to attract investment because of the laws. i haven't found anyone in international markets that hasn't told us italians need structural reform which are difficult to pass and you have to have a strong head of state to pass that. covid has be

coming up in the next hour, david kirkpatrick, author of "the facebook effect."e will talk amazon, but we will also talk reddit. this is bloomberg. ♪ this is "bloomberg surveillance." tom, a lot going on. we look at amazon with the departure of jeff bezos, the chief executive. he still remains executive chairman, so we will look at what that means for amazon and for italian politics. if you look at italian politics, it is moving euro and btp's at the margin. we still have to wait for the president to ask him about -- we are waiting for mario draghi to be the next president of italy. good encouraging figures from amazon and the retail trade frenzy that we saw -- i know you don't like the word "frenzy tom: but it is definitely subsiding a touch. -- word "frenzy," tom, but it is definite the a touch. tom: subsiding a touch. futures up 12. coming up, richard windsor will join us with radio free mobile. this is bloomberg. good morning. ♪ tom: good morning, everyone. jobs week here in america. we will have full coverage starting today with an adp report on claims. mike

tom: the photo of the day is by matthew hatcher, the article of the day is david kirkpatrick and mikeyre in the new york times on the violence in michigan in april transferring over to the violence we are going to relive in the coming days. whatever our political feeling. tell us about a republican party which has a domestic violence parts to it. a militia parts to it. are we ready for a republican militia in perpetuity? leslie: this is a deep problem. the republican part of america, which is moderate, the bulk of america is a moderate country. the republican party has historically been very moderate. let's wait and see not only with the public attitudes are, but what mitch mcconnell does. he is going to signal to the party whether the party will tolerate this kind of violence. tom: you are expert at this. there has always been history of domestic army, a militia. it comes up, then it subsides back. do you assume with this impeachment progress -- process, the ms. lucia -- the militia will subside or not? leslie: it depends on how the trial takes place. this is why it is important, reg