. -- enda curran. enda, what are we expecting trump to do? quiteit could be significant for hong kong, beijing, because the president has a range of penalties to choose from. he could impose sanctions against individuals, individual chinese communist party officials, either in hong kong or on the mainland, or he could cause on the other end of the spectrum, take away the special status of the u.s., and if they go for that option, hong kong is treated no differently by the u.s. than any other chinese city. that would be quite a risk, and harm both economies. is launching countermeasures against what they call foreign interference. one of the most likely options that they could retaliate would be a potential blacklisting of u.s. companies operating in china, potentially making it much harder for u.s. companies and operate ase they have been in recent years. enda, how would china respond? how quickly with this escalate, or does it escalate and then stand still? enda: i think it could escalate very quickly. we have already had a significant week

francine: enda curran, bloomberg's chief asian economics correspondent. the nordic region's biggest economy has taken a radically different strategy to dealing with the coronavirus crisis. despite keeping shops, restaurants, and jim's open throughout the pandemic, sweden's government says the economy will shrink 7% this year, its worst recession since the second world war. joining us from stockholm is magdalena andersson. thank you so much of her giving us a bit of your time. france and germany have unveiled the economic recovery plan. will you and will sweden support the plan? not as it stands right now. this will be a discussion among the ministers of finance but also among the theaters of europe. we are definitely willing to cooperate in the european union during this crisis. we have also been a constructive partner when it comes to this crisis, for the eib but also the mechanism. we will also support some kind of roof -- some kind of recovery fund. but we have to know what it would look like. from our perspective, it has to be realistic when it comes

enda curran, thank you so much. wening us in the next hour, seek market corrections and the decade of misery. we will be speaking with nouriel roubini, professor of economics. that is coming up in about 50 minutes from now. this is bloomberg. ♪ francine: this is bloomberg surveillance. taylor and francine from london and new york. joining us now is reinhard buetikofer. joining bloomberg surveillance. what could or should the e.u. do in relation to hong kong? how would you deal with the situation? reinhard: well, the first see it asis always to it is. the hournk this is not for talking difficult issues. the step that is being taken by is off suchership momentous consequence that we have to call china out for what they do. interferingnot just with the high level of autonomy that has been promised to hong kong for the next 50 years, starting when hong kong returned 1997.na in this is also based on the still-validf a international treaty which is the sign of british joint declaration of 1984. and by reneging on that, ch

enda: the worst is still to come. we know the national emergency was only implemented over the second quarter of april. our colleagues are reporting consumers being quite wary of spending parts of tokyo. they remained deserted. normally, they would be bustling with consumers and shoppers and the like. i think when you consider that the olympics have gotten out of the japanese story, the external side her japan is pretty weak. you only have to look at china to see how sluggish and slow the rebound from the lockdown will be. it all suggests that japan is going to be rough for some time. looking at the worst contraction record for this quarter appeared all of that adds up. by all accounts, the worst is still to come. forinda: if we are looking silver linings, are there positives for japan? enda: it goes to what a lot of people are saying that perhaps the global cases have peaked now and japan did not have to have as stringent a lockdown as of the countries, and clearly, there are positive signs in terms of the cases ther

enda: it will be interesting to see how it plays out. indications at the moment are that there will be protests. again, it will probably depend on how the u.s. moves tonight and how china retaliates. either way, even beyond this weekend, there are key milestones coming up for the protest here where we might expect to see bigger crowds. one thing to bear in mind is that there are still restrictions on large governments in hong kong because of the coronavirus just like there is anywhere else keeping some degree of a lid on the protests release much more on the front this time around in terms of trying to break up the momentum of a crowd. this weekend, we will see how it goes, but certainly, in the coming weeks and months, there are plenty of ways they could get momentum. tom: one final question, let's get out front of the 14 articles that are going to come out talking about hong kong to singapore. i once flew folks from hong kong to singapore and spent the entire time with a guy next to me talking about the brazil migration to singapore. i

enda: clearly, beijing is digging in when it comes to hong kong. of the points about the national security law is that it onchina's way of enforcing hong kong, while it signals to the rest of the world that this is our backyard. of course, china continues to ratchet up the rhetoric, and they are making it that they will not accept what they called for meddling. at the same time, they are sending medical kits around the world, so china is trying to send a civil message to washington. jonathan: fantastic to catch up with you. from new york this morning, this is bloomberg. ♪ there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection co

vista before i have a new ball and will see them across the electorate is not addict up dictate to enda but his position in direction of 5 months on is to this friday to trace forth in a space for agriculture to open a space for the production of so you're being a soft meat to offer these things that if we honestly don't need war because it was enough so are you for all these. i believe that we must all together and just let the presidents in 1st shape presidents back and by all the planet we must create a movement to stop destruction we must sustain stop the movement to protect the zener tribes in the muscle and we have. about 169 in 2 people in brazilian i'm a son in brazil animals one is an important book is about 65 percent of all i'm a zone it is in brazil all these emergency we have to be protected we have about 183 groups of enormous on and that they were never contact never they are ours from 2000 years before 5000 years before they are indeed done. to lose their forests to lose their way of life to be destroyed and discovered to be this is really a major disaster. the saga auto

em enda: we only have a few seconds. do you expect to keep growing through the downturn?yes, the demand for cannabis is off the charts. when you have a platform with limited licenses in markets east of the mississippi, where we see state government needing tax revenue and jobs and looking for stimulus, and our portfolio is ideally positioned. the u.s. is just beginning. vonnie: sorry we had to do this, we did not get a chance to chat. thank you to amanda. that was ben kovler of green thumb industrials. a cannabis company. from toronto and the u.s., this is bloomberg. ♪ . . there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count o

restart the production today at the factory and may scale up toá the full production by the endá of theealth áofficials. theyá had restartedá the operations earlier this ámonth and county officials tolá them to stop. muká filed a álawsuit and threatened to moveá the headquarters out ofá california.á under a settlementá last week, tesla was allowed to ápartially reopen today. again,áá the latest information is thatá tesla got the okay from theá county to reopen later on thisá week. áwe reached out to theá officials and teslaá representatives to get moreá information on the laterá development. we're stillá waiting to hear back from them.á reporting live with ktvu fox 2 news.% á >>á ali, thank you.á >>> a long time cafe is shutting ádown for good.á ktvu aliciaá harrington reports why theá bakery is shutting down after 33á years in business.á >> reporter: the covid-19 ápandemic has shuttered anotherá bay area business. áspecialtiesá cafe and bakery with more than 50á location in three states. áthe announcement was posted oná the website and they read itá attributed to the shelter in áplace

because of our unique status, the $1200 checks need to be enda and thenaci submit a plan. the $1200 checks have not arrived. the local government created the local stimulus and the physical board is big the governor she cannot send over the checks until the $1200 checks gets the puerto rico. 15 andted on march people are waiting too long. we are still waiting for $20 billion to get here -- get there ofm the hurricane and all those dollars required transparency. we need congress to oversight and to compel the government to act according to the law. >> dr. shea, if you wanted to add -- >> thank you, thank you, congressman. transparency is very important. for example, our and nurses over the last month, we had to ask for donations for supplies for face masks, ppe. doctors and nurses, we should be focused, not asking for donations. the supplies should be provided by the government. for example, fema. we have asked fema to let us know what supplies do you have? what do you have? let us know the amount so that if we do get donations, we don't duplicate what you already have. the

back. á jerome powell appeared less á light on 60 minutes, saying the ácrisis may go on until the endáonfident, and that may have to await the arrival of a vaccin.á á >> most health officials say á vaccine won't be ready until the ámiddle of next year, at th earliest. á>>> time is 7:10. á when i think back to saturday, á it was sunshine, it was clear. áit feels like it was 100 years ago. á steve paulson, you could not á have been more right about thatá rain switch being flipped, come sunday. áá >> well, gasia, the initial á system outrace to, but did give us som rain. áthat is going to give us a widá variety. áit was very windy though. á especially saturday, that á strong southwind making for á mild conditions and advancing á the system. á now this is a good one ástretching from san leandro to blackhawk, on its way to á antioch. á that's one. á there is another one going over malaya. áá that is the second one á fairfield this morning. á we will get some brief, heavy á rain out of that. it looks it is heading off now á to solano county, and also á little cells coming out of the á river,