but rather -- and eric schmidt has said this elsewhere.e said it in april in a video call with the economic club of new york. he described what t was happenig now w as a grand experiment inin remomote learning. so all of the parents out there who are listening or watching, you u have been strtruggling wih supporting your kids on google classroom and zoooom calls and u thought you were just t trying o get to the day. wewell, accordining to googl y u have beenn engaged in grand experiment in remote learning wherere they are getting a great deal of data and figuring g out how to doo this permanently. because ththey actually bebeliee ththis is a better way of educating g kids. or at least, coming back to our earlier conversation, a more profitable way. eric schmidt talked in that clip you displayed there about a allf thee opportunities for private partnerships. what is really talalking about s public money going to tech firms like googlgle, like amazon, to perfrform public functions. once again comome a bonanza a fr the tech compapanies -- who

cuomo has given eric schmidt the c.e.o. of google the task of helping to reimagine new york in the aftermath of the pandemic with talent health remote learning and broadband probably the best mind in this country if not in this on the globe to do this is i believe a true visionary especially in the field of technology and that's eric schmidt and we've asked him to come work with us now google has already earned the distrust of millions with their project nightingale that acquired the personal medical records of millions and their ownership of fitbit. the new york governor has also decided to bring bill gates on board bill gates the microsoft founder and billionaire is set to help revolutionize schools across the state bill gates is a visionary in many ways and his ideas and thoughts on technology and education he's spoken about for years but i think we now have a moment in history where we can actually incorporate and advance those ideas advocates of public education have slammed his initiative as pushing privatization . bo

of google, eric schmidt. new york commission to reimagine sectors of the economy in light of the coronavirus pandemic. he joins us from miami this morning. good morning to you. >> good morning. >> brennan: we just heard from one of the white house economic advisors that the worst is yet to come on the unemployment front. what jobs, in your view, will continue to exist? >> well, a lot will, but they'll operate in different ways. we're going to have to reimagine how the workplace works. we're going to have to figure out how to get people into buildings that they're fearful of. my guess is we'll have more demand for office les becae people will want social distancing. we'll have to think about hub and spoke systems, where people don't travel so far. we'll have to really re-think how businesses operate. they need their employees back. >> brennan: after 9/11 in manhattan you saw people establish homes outside the city. you saw businesses move outside of major cities. is there something that we know is in the works

futures, wendy and eric schmidt's philanthropic entity.elcome, eric. >> thank you. good morning, fareed. >> so when you look at covid -- before we get to post-covid, when you look at covid, you said to me at once at some level this is a kind of information problem. what do you mean by that? >> the problem here is we have a silent killer that we can't see, and the majority of transmission appears to be asymptomatic. many people are giving the disease to others without having any symptoms at all. so how can you possibly trust the person next to you unless they're a family member or somebody you know very well without that ability to trust it will be extremely difficult to go to any kind of mass gatherings or even start college again. nursing homes are a problem. all the places where people work closely together are a problem for this reason. what i think we need is to view this as an information problem and come up with estimates for where the disease is. when we can find hot spots, put them out. >> so one of the things that people are wonde

google's former chairman and ceo eric schmidt.oming up, china's industrial output increases for the first but since the outbreak retail sales remain weak as the country tries to recover from the economic impact of the pandemic. we will discuss this next. this is bloomberg. ♪ nejra: this is bloomberg daybreak europe. here is what you should be watching today. the third round of brexit talks between the u.k. and the eu are due to come to a close today. euro group finance ministers are meeting to review the progress on the safety nets. we will get a read on how hedge funds are navigating markets during the pandemic when we get filings later. and we will be keeping an eye out for u.s. retail sales and industrial production data. china's industrial output rose in april for the first time since the outbreak but economists cautioned it would the slow. -- it would be slow. 7.5% more thanll the projected drop of 6%. georgina taylor from invesco asset management is still with us. we don't want to necessarily focus on one data point but does

what are you saying to somebody who might be a venture investor and wants to follow eric schmidt? what are you investing in? eric: venture is a long game and it is really about these key entrepreneurs who have these ideas. find the entrepreneur, give them some money, help them recruit talent, and hope and pray, and help them. i don't think that is any different than when i was in a small startup. i have always believed biology business.n enormous i think the pandemic has emphasized the enormous scale. telehealth, in two months, you have changed the economics of health care. you now have reimbursements for telehealth. devices.ut connected why are you not wearing a smart healthwatch which is communicating to a system with your permission and under hipaa ,aws, that calls you and says you need to have a video appointment with the doctor. do an analysis with my permission and say, eric looks pretty good, ask questions, then we will decide what kind of health care he needs to be routed to. we can do this now. how will silicon valley this? as a result of will people change what they do an

andrew >>> okay coming up, a wide ranging interview with the former ceo of google eric schmidt on virusnew york's governor during the pandemic. >>> plus, the debate over reopening local economies as seen through elon musk trying to get his tesla plant restarted. california congressman eric swallow is going to join us in just a little bit. >>> as we head to a break, check out shares of norwegian cruise line almost doubling the costs of losses. norwegian said it was positioned to withstand 18 months of voyage suspensions. 'lta me outhwel lkorabt at in a little bit when we return. 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 on us. >>>

i will talk to eric schmidt.hat will happen to the world's cities, the crowded cafes and packed subways that were once a sign of vitality, are they history? i'll get answers from new york city's former transportation commissioner, janette sadik-khan. and what about travel? boats, planes, hotels. will covid-19 change our very desire to encounter the foreign, the unknown? james fallows, the writer and pilot will tell us. schools, will they be back to normal? is online education good enough or is it actually even better? i will talk to michael crow, the president of arizona state university and a pioneer of online education. finally life as we know it, can we live life as less social creatures? will we greet each other with a bow instead of a handshake or a hug? what is all of this doing to our brains? arianna huffington has been thinking about it all. all that and more. and we will close with my usual take, all in this special hour. so, let's get started. ♪ >> so what will post covid 19 politics look like? joining

i will talk to eric schmidt. what will happen to the world's cities, the crowded cafes and packed subways that were once a sign of vitality, are they history? i'll get answers from new york city's former transportation commissioner, janette sadik-khan. and what about travel? boats, planes, hotels. will covid-19 change our very desire to encounter the foreign, the unknown? james fallows, the writer and pilot will tell us. schools, will they be back to normal? is online education good enough or is it actually even better? i will talk to michael crow, the president of arizona state university and a pioneer of online education. finally life as we know it, can we live life as less social creatures? will we greet each other with a bow instead of a handshake or a hug? what is all of this doing to our brains? arianna huffington has been thinking about it all. all that and more. and we will close with my usual take, all in this special hour. so, let's get started. ♪ >> so what will post-covid-19 politics look like? joinin

emily: eric schmidt, the former ceo and chair of google.g up, with unemployment in the tens of millions, that means tens of millions more people needing some mental relief. we will talk to the ceo of head space about what they are doing to help people in need, coming up. this is bloomberg. ♪ emily: this week, another 3 million americans have filed for unemployment, bringing the total number of unemployment claims filed to 36.5 million in the pandemic alone. that means millions more people potentially in need of mental support. yesterday, headspace announced it will begin offering free one-year subscriptions to all unemployed people in the united states. here is cl richard pierson. headspace offers online meditation services and content. quiteffering is really extraordinary. tell us about it. richard: thanks for having me on. as covidhink we, hit, we were trying to think about different ways we can help folks. what became apparent that it is needed more now than any other time in our company's history the last 10 years. as the unemployment f

today the ceo of google, eric schmidt wants to come in. how do we use technology to improve telehealth, improve education, to get broadband into rural areas. this president is insular. governor cuomo seems to be saying, you know what, i'm doing the best i can, but i could use some smart help. who are the best minds? >> right. i mean, you see him pulling back the lens and trying to reach outside of government for the best possible solutions to what is really much more than a public health, just a public health problem. you see the president, on the other hand, turning inward. and one of the reasons why, and i think part of the reason that we're seeing contradictory statements and plans on what to do about the task force, is that i think that the president has felt that having the experts inside of his government out there and talking publicly about this is undercutting his message, and that's the last thing he wants to do. so you see him trying to find ways of narrowing the focus back to him, back to what he wants to do, back to the idea of

they're thinking, i've seen articles on that theory, right, that they will need less space but eric schmidt cannot answer that and the companies may need more space due to distancing in the office. again, i think there is no one size fits all approach. i think every company is unique and their safety will be different. >> that's chase lyon of the organization that is one of the largest real estate developers in the silicon valley. among the things they are doing now is they're covid-proofing their building, redesigning their layouts, taking away many of the elevators, adding stairs and touchless doors. many of the same things that we at nbc and our headquarter where we are, were talking about what we're doing when the bulk of the staff returns. things will be very different when people start to return to their offices. >> oh, for sure. i mean they have already talked about rearranging cubicles and making us more separated, so definitely. thanks so much, raj. >>> well, berkeley city leaders say they have a plan to reopen restaurants safely and the plan will repurpose open spaces like parking

there's no question how china's behaving and how we're behaving. >> for a long time i think eric schmidt wanted to live in the united states of the globe you want to look at a global -- you know, he's got a reason to be that way, obviously, with the businesses that he was in, but he didn't say one negative thing about -- about the concentration camps in china, about what's going on in the south china sea, about what they tried to do here not one negative word was heard from eric schmidt about china. what are you talking about >> what are you talking about? google would be -- >> i didn't want to bring it up. >> google, if you recall, was the first major silicon valley company to say we're not doing business in china. so -- >> i didn't hear that yesterday. was he ceo then? maybe that's -- you know -- >> yes, he was ceo then. >> all right all right. >> yes, he was ceo then. >> i don't know what happened. >> if you want be to complain about it, call tim cook. call your friends at cisco call -- >> i understand. >> there's a lot of other companies -- >> there's a -- >> eric schmidt is not the

eric schmidt. and dr. chris murray on new coronavirus projections. coronavirus is expected to make a trip to the grocery store a little more expensive. meat prices are expected to jump by up to 20%. that's if you can even find it. here's cbs' dean reynolds. >> reporter: as meat processing plants gradually resumed operations, the governor of iowa, which has seen a spike in covid-19 cases, was optimistic. >> we are leading, and we're leading by example, and we're going to continue to lead. >> reporter: but as the huge tyson foods plant in water came back online, sporting a retrofitted workspace and new protective gear, there was word that over 1,000 workers there had tested positive, more than twice as many as the governor reported the day before it reopened. no wonder workers are wearing. >> everybody is scared. everybody. i don't know, because i neepped money. >> reporter: and consumers want the meat. empty grocery shelves reflected a scarcity that prompted wendy's to cross out some of its fast-food favorites, at least temporarily. costco capped meat

that was google's former chairman and ceo eric schmidt.ly involved in government and nonprofit work. global deaths from the coronavirus are now 300,000. while cases continue to fall in europe and the u.s., china has a new outbreak, a second wave with which to contend. we will get the latest next. this is bloomberg. ♪ anna: welcome back to the european market open. u.s. futures actually fairly flat this hour. let's get the latest development on the coronavirus. the global death toll now exceeding 300,000. south korea and china are back on the radar. officials are alarmed over a second wave coming through in asia. in the u.s., states have been issued official guidance on how to reissue bars, restaurants, and workplaces. annmarie hordern joins us live in new york, but focusing on this globally. what is the significance of these new guidelines in the u.s.? what is the significance of what we are hearing? annmarie: well, these guidelines have really become a political football. earlier this month, the first version of these guidelines were reje

. -- david rubenstein is speaking with eric schmidt to see what he is doing to limit economic falloutur markets looking forward to understanding a little bit better the unemployment figures in the u.s. this is bloomberg. ♪ ♪ alix: oil production collapses. the iea says output outside of opec is cratering. and major players warned of overvaluation's, and fed chair jay powell gives a gloomy assessment of the future, warming a solvency crisis could emerge without more help. and what comes next for venture capital? we will sit down with greg croft -- with greycroft's cofounder and chairman emeritus. welcome to "bloomberg daybreak" on this thursday, may 14. u.s. equity futures tried to take on risk early in the session. now they are slipping into negative territory. we had the worst two day selloff for u.s. equities since the end of april. you are seeing yields move lower here in the u.s. by about four basis points. the dollar outperforming the g10 space. the

later today, david rubenstein with the gentleman from google, eric schmidt.loomberg. ♪ these days staying connected is more important than ever. so we're working 24/7 to maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financial difficulties stay connected. we're increasing internet speeds for low income families in our internet essentials program. and delivering self-install kits to your door. nos comprometemos a mantenerte conectado. we're committed to keeping you connected. for more information on how you can stay connected, visit xfinity.com/prepare. "surveillance," good morning, everyone. we are grateful every day when jonathan ferro, lisa abramowicz, -- shocked by our own family stories, people bouncing off the wall. it has been wildly reported, it is a dog's world. there is literally a dog shortage in new york city and everyone is trying to be like ian bremmer. joining us is the star of , who has brought along aboutn bremmer to talk financial relations. he is the only winner of the pandemic,

the state's coronavirus response microsoft co-founder bill gates a former google chief executive eric schmidt and former new york city mayor michael bloomberg. will spearhead the initiative the group will help trace the spread of the disease and think through how the state will look in the future just a few weeks ago when the trios names 1st became public local officials and education advocates blasted cuomo for depending on the wealthy and elected officials educators in particular called out bill and melinda gates for their foundation support for common core a controversial standardized testing program already implemented in new york and other states meantime in washington d.c. president trump is meeting today with restaurant executives to discuss the impact social distancing and say at home orders are having on their bottom line and i get to speak to restaurateurs every single day and i can confirm we desperately want to reopen. our restaurants or just in our hearts broken at this time we can provide the support in the comfort to communities in which we serve still those smaller rush from b

note.ramming thursday, the carlisle co-founder speaks with eric schmidt. they are helping to mitigate the economic fallout in new york. that is tomorrow at 4:00 p.m. eastern. the dow is now joining the nasdaq. down 2.15%. the s&p down almost 2%. this is bloomberg. ♪ amanda: welcome to "bloomberg markets." are the top stories we are following around the world. stocks under pressure with major indices telling -- telling around the world. erase all ofto last week's gains. grimcomes on the heels of commentary from the chairman of the federal reserve. jay powell pushing back on the possibility of using negative rates, but saying the u.s. economy faces unprecedented risks from the coronavirus. -- if policies don't rise to the challenge. one startup is planning to take on amazon. venture and the boom in delivery services. that conversation is still ahead. amanda: it does appear as though stocks are disheartened by the remarks from jay powell today. perhaps they were expecting something different. he stated somewhat of the obvious. negative rates are not part of t

to make sure i get this correct -- david rubenstein, a timely and important conversation with eric schmidte in the 4:00 p.m. hour. this is bloomberg. ♪ ritika: this is bloomberg "surveillance." let's get bloomberg business flash. las vegas sands is giving up on it $10 billion casino project in japan. it objects to language that would limit its japanese license to 10 years. in that timeframe, government officials could change the terms. officials in washington and major u.s. cities are turning offers to take over grubhub. analysts say if there is a deal it is likely to face antitrust scrutiny. americans should be prepared to pay more for meat. running slower than normal because of social distancing and some production lines will be fully automated. the likely result is higher cost for an industry that has been efficient at pumping out cheap meat. that is your bloomberg businessweek. tom: he is very different within the trump administration, with public service to george bush the younger, working with ford motor company as their advisor, and more than anything spending hours with congressman

. >> former google ceo eric schmidt predicted the chinese could easily eclipse america in artificialby 2025. >> huawei's super fast 5g network. >> said to be up to 100 times faster than existing 4g cell sites. >> china already dominates the u.s. in 5g technology. >> today a new moon is in the sky. >> many are calling china's tech renaissance a sputnik moment. >> placed in orbit by a russian rocket. >> similar to the soviets' alarming triumph during the space race. but as xi's great rejuvenation makes great leaps forward, it comes at a cost. >> the philosophy of the economic miracle years, growth above all, making the numbers meant that people were willing to cut corners in terms of safety, hygiene in ways that were very damaging and ultimately put the country at risk. >> crisis levels of air pollution in chinese cities. >> china's air pollution is a toxic nightmare, killing nearly 1 million people every year. horrific industrial accidents like this one in tianjin which killed nearly 200 people. >> smoke still filled the air. >> are disturbingly common. xi jinping has tried to address

new york governor andrew cuomo is asking former google ceo eric schmidt to lead the commission task with figuring out how the state will move forward with public services and other needs in light of the coronavirus pandemic. governor cuomo made the announcement at his daily briefing. governor cuomo: good morning. pleasure to be with all of you. pleasure to be back on long island to introduce the participants we have here today. on my far-left, dr. jim from empire state college. to my immediate left, michael yearsg, who worked for 12 with governor mario cuomo, the best governor to serve in the history of the state of new york. --years with mario quam a mario cuomo is a long 12 years. when you worked with my father, those were dog years, 12 years, and michael basically ran the health care system for the state of new york and develop the health care system during that time. northwell health system, the largest hospital system, health system in the he will be extraordinarily helpful here in dealing with this virus and more helpful as we go forward to. so i pleasure to be with him. to my left

. >> michigan all, all wanting to help out sleepy joe -- eric. schmidt. the twitter board has a history of making anti-trump comments, his name is yoel roth. he's tweeted in the past that there are, quote: actual nazis in the white house. end quote. and, quote: i'm just saying, we fly over those states that voted for a reese's tangerine for a reason. end quote. and these -- this is just incredible. joining us tonight to take this up, sara carter, she's investigative reporter, fox business contributor. sara, great to have you with us. >> good to be with you, lou, thank you. lou: it's not -- it's obviously not decency, and it's sure as hell not neutrality or objectivity. >> no, absolutely not. you're 100% right. his own tweets that were never fact checked, by the way, by twitter, complete lies, absolutely politically biased. he obviously hates trump, he hates the trump administration, and we' this consistently -- we see this consistently that there's this bias on twitter, lou, and on facebook and other media platforms like google. i've talked to insiders be

jason: the ties to the chinese government but they are going after the missouri attorney general, eric schmidtsenator tom cotton and senator josh hawley. how big of a threat is this to the three americans who are in elected offices? >> i think what the communist party is worried about is an investigation issue into the origins of the coronavirus will show the malign actions ofic beijing. that beijing took action that it knew would inevitably lead to the discredithe of coronavirus e on china's borders. now you have senator cotton, senator foley and a number of political figures who have been pressing china and not giving up and not merely the important thing because we need to get to the bottom of this because china says that we need to cooperate with him but how can you cooperate with someone who has deliberately killed 87,000m americans? to me, we have to answer the core question. >> jason: we have to be careful. we don't know that they were purposely were trying to do that to americans, but an investigation would certainly lead a long way. we have only got a few seconds left here. but to the

it's what eric schmidt calls the information failure. very difficult for me to convince you i'm healthy until we get a vaccine. so the health issue doesn't get resolved overnight. secondly, you have shaken consumer confidence, shaken behaviors. our economy is in wired for social distancing, so we will have to discover how to do that. and businesses, it is not clear how you restart a business when different states are doing different things and when different countries will do different things. it's we have these massive uncertainties all in play at the same time, and it is very hard to say everything is going to be resolved overnight. i think we should buckle our seat belt as it will get bumpy still. >> chris: there was another uncertainty and debate and that is over what to do in washington next. democrats won a huge stimulus bill, republicans say let's take a pause and see how the money siphons through the economy that's been approved so far, and this week, you have federal reserve chairman jerome powell say that this has been a real e

and, you know, eric schmidt from google for instance was saying he thinks there will be a need for more in the future. so i think you're going to see people coming back to the office, you know, very cautiously at first, but i think long-term mike spence elike spe saying before, before 9/11, people will get comfortable with the office environment and ultimately will realize again how important the office environment is to innovation and creativity. >> spencer, i think that's really interesting because the flip side is that people are getting very comfortable in their home environments. and they're realizing, what i hear a lot of people say, wow, i guess we can do this from home. i guess with zoom and our, you know, digital world and cell phones, we can do this from home and that was going to be the trend towards more distancing. so i know -- look, you guys are obviously interested parties. you want the real estate business to keep thriving and being robust. but don't you think that people have kind of gotten used to being on zoom meetings in their, you know, slippers? >> well, cbre studi

he is a "new york times" best-selling co-author with eric schmidt of the new digital age and he's written several books on his own including the children of jihad. one of the great lessons of american politics that i have learned is the tale of two brothers. one went off to see and one became vice president. neither were heard from ever again. however, in rare cases, the vice president is not obligated to obscurity. mainly when the previous president finds. in his newest best-selling book accidental president, he examines the legacy of these eight men, john tyler, fillmore, andrew johnson, chester arthur , theodore roosevelt, calvin coolidge, harry truman and lyndon johnson, who were sent to the presidency because of these unfortunate circumstances. becoming president under the circumstances is often a thankless task. and many of these men have disappointed rather than reassured. although several have exceeded expectations. cohen dives into the implications of the system of succession and argues that the limited reading of the constitution, one of which many americans take for granted, ma

we asked eric schmidt, who is a former ceo executive chair of google who is good at seeing issues and seeing possibilities to chair a commission for us to look at the situation and say how do we learn from this and how do we prepare going forward? and we've put together a commission that is going to work with him that represents all aspects of the state. all aspects of the economy. i want them to get to work. i want them to come up with ideas. let's make sure that we're better for what we've gone through. start preparing for a new chapter in this saga. we're writing history in new york. we're writing history in america. that's what we're doing. we're writing history for a whole modern day governmental and societal response. chapter 1 was dealing with the emergency. stabilizing the health crisis. that was chapter one. we have about completed chapter one. we have started chapter two, which is reopening after you have stabilized the health crisis. we're starting to write chapter two. chapter three, which we're going to be begin to preparing for soon, is rebuilding and recreating the econ

eric, thank you very much. i look forward to continuing the conversation and working together. mr. schmidtnk you. >> okay. thank you, governor. >> thank you. that is exciting. last point today is national nurses' day, because you know, nobody knows better than new yorkers how our nurses really step up with our health care professionals. you know, when the pressure is on in our lives, you wind up seeing the best and the worst in people and heroes rise to the occasion. and that's what we saw here in the state of new york. our frontline health care workers were just extraordinary. showing up every day, working impossible hours. a virus that nobody understood, fear of infection. but they just kept rising to the occasion, and that's why new york and the nation just loves all our health care workers, but our nurses especially have done a phenomenal job, and we thank them from the bottom

eric thank you very much. i look forward to continuing the conversation and working together. mr. schmidtthank you. >> thank you, governor. >> that is exciting. last point today is today is national nurses day, as you know. nobody knows better than new yorkers how our nurses really stepped up with our health care professionals. you know, when the pressure is on in our lives, you wind up seeing the best and the worst in people. and heroes rise to the occasion, and that's what we saw here in the state of new york, our frontline health care workers were just extraordinary. showing up every day, working impossible hours, a virus that nobody understood, fear of infection. but they just kept rising to the -- be rising to the occasion. and that's why new york and the nation just loves all of our health care workers but our nurses especially have done a

there's a great profile of eric schmidt in the times over the weekend regarding his influence and kara wanted to get you to reflect on tim cook's commencement state for ohio state which took a personal turn for him. take a listen to this. >> when i joined apple in 1998 i couldn't believe my luck i was going to spend the rest of my life working for steve jobs, but faith comes like a thief in the night. the loneliness i felt when we lost steve was proof there is nothing more internal or powerful than the impact we have on others. >> what did you make of his general tone to the students there? >> it's kind of echoed steve jobs' own speech before stanford i think it was 2005, maybe earlier than that, i'm sorry, if i got the date wrong, he gave an amazing speech at stanford many, many years ago about five or six years before he died and it was really moving about death and the importance of understanding ephemerality and i think, tim, is reflecting on that. he's a thoughtful man. i'm not surprised something like this would come out of him in terms of a speech, especially at this time. i thi

for the shock, there is going to be a long time until you and i trust each oth other, it is what eric schmidtthe information failure, it's very difficult for me too convince you i'm healthy and for you to convince me i'm healthy till we get a vaccine. so the health issue does not get resolved overnight. secondly, your shaken consumer confidence, your shaken behaviors. our economy is not used to social distancing. we will have to discover how to do that. businesses, it's not clear how you restock a business when different states are doing different things and when different countries with two edifferent things. we have the three massive uncertainties, all in place at the same time, it's very hard to say everything is going to be resolved overnight. we hope so but i think we should buckle our seat belt that will get bumpy still. chris: there is another uncertainty and debate, that is over what to do in washington. next, democrats want a 3 trillion-dollar, another huge stimulus bill, republicans say let's take a pause and see how the money siphons through the economy that's been proved so far. t

former google ceo eric schmidt told cbs news this weekend office space he believes will do the opposite, it will be in demand as more footprint, wider space, is needed to move workers aside, right, six feet in between. we are watching it right now. the ishares real estate etf is not responding, down about 2.5%. >>> to some chinese stock names. tencent blasting through a 52-week high even though the u.s. banned chinese equities from the federal retirement savings funds or at least they are moving to do that. gaming helped the company weather covid-19 crisis as players stuck at home latched on to tencent's mobile game titles including the big investment in fortnite. tencent up 3.9%. now stands at $57.53. look at the low, back in late 2018. all right. >>> checking retail in this final hour of trade. jc penney surging on news that it may line up a $450 million loan ahead of a bankruptcy filing. but the container store is plunging, 19% as it predicts more than just a drop in the bucket in quarterly sales. stay tuned. we have the ceo of actually one of the surprise big winners in retail. e-co

jacobfrenkel, thank you for joining me >> thank you >>> coming up, we'll talk former google ceo eric schmidtin on the pandemic and the path forward earlier today. here's what he had to say about it >> the fact of the matter is that we're not treating this as an information problem you need some way of knowing whether people have the disease or whether you're likely to get it and the government needs ways to identify the hot spots. >> we're going to take a closer look next at why the current state of testing may not be able to get that job done plus, one mall owner has opened his doors in two states and says consumers are showing up and arsengornds e ei me traffic than others. which ones he'll tell us, coming up ♪ happy birthday! so, it goes... ♪ hold up your answers. how is mickey doing today? ♪ you're just a really hard worker. ♪ ♪ ♪ ♪ >>> welcome back now to the very latest in the coronavirus pandemic over to sue herrera for our headlines. sue? >> thank you, kelly. good afternoon, everyone here's what we know at this hour california's governor, gavin newsom, plans to reduce state worker pa

rishaad: and on friday, watch leadership live, they speak to eric schmidt.ormer google c.e.o. is helping mitigate the economic fallout we're witnessing in new york. that's to come on friday. on "leadership live." only on bloomberg. ♪ staying connected your way is easier than ever. you're just a tap away from personalized support on xfinity.com. get faster internet speeds with a click. order xfi pods to your home in a snap. or change your xfinity services with just a touch. all in one place. you're only seconds away from all of that on xfinity.com. faster than a call. easy as a tap. now that's simple, easy, awesome. ♪ haslinda: it's almost 11:00 a.m. i'm has nondominant -- i'm haslinda amin. here are the top stories. asian markets follow wall street down as the fed says the u.s. economy faces unprecedented threats. jerome powell says policymakers must -- approach 4.4 million with china sealing off cities near the north korean border. the pandemic could erase years of global growth. and here gives details of its virus rescue package aimed at -- india gives det

i remember a few years ago acting trent asking eric schmidt what the thought was at google about searchf it should be something they take a heavier hand in identifying hateful or problematic content. he said we don't censor anything. that kinda contents what does not come up first. it's kind of putting it on some of the skills a little bit behind the scenes again this comes up to the question of the fact that we do not necessarily have visibility into these actions. i think a one of things that makes these companies interesting from our citizens perspective is this. those asking for transparency were not in a position to say we have algorithms that show who you are d ranking or flagging or not we keep results and help they're doing a good job. >> a reminder all the programs are seeing now are unavailable to watch in their entirety @booktv.org. just like the author's name or the book title in the search box at the top of the page. next dinner off their programs on technology, joanne mcneil speaking at harvard bookstore in cambridge massachusetts. she argued internet use has been from ind