erik: i'm erik. i'm the owner. lemonis: i'm marcus. nice to meet you. erik: nice to meet you.s kind of a slower event, but it'll work out pretty good. lemonis: small businesses rarely have the budgets to do big marketing campaigns. so taking over a corner where you can pass out samples and brochures and talk to customers about your product, it's a good idea. so, how many customers do you have in total? erik: we have a total of 300 customers we service. we have 3,000 in the system. lemonis: and how long does a typical customer stay? erik: about three months. lemonis: so, your typical customer stays three months? erik: yeah. now, i have customers for life. lemonis: i want to see you do your marketing thing. erik: yeah. 20 new clients this week. lemonis: let me see it. make it happen. erik: [ laughs ] so, chicken and spinach, or do you want gourmet, delivered health food? there's two servings to a snack for $7.50. diana: if there's any type of allergy, we can actually help you with that. erik: hello, dessert samples. key lime pie? lemonis: erik's idea of healthy eating is a great

erik: no.s is a very good question, and there is a degree of it now, with a lot of government involvement and stake holding and companies, but europe has been pretty good of getting out of this, to some extent. what i think it is more about is to set incentives, to encourage the industries that they want to develop, particularly in the green industries, but also digitalization come along overdue, by the way, in -- also digitalization, long overdue, by the way, in europe. china has true state capitalism. it is going to be nothing like china at all, in that sense. it is more a matter of saying the world has changed. we cannot really rely on america, in many ways, we cannot rely on russia or china, so we have to develop more independence as a european economy. this is basically what macron and merkel said and what is adapted by the commission. nejra: erik nielsen, pleasure to happy with us. thank you so much. group chief economist at unicredit bank. dalio says they are no longer free. ours was a c

erik: good morning. i think we are better off for the simple fact that they approved the trust at least in europe. we are optimistic that we get a general lockdown. i am worried about the u.s., and i'm more worried about the emerging markets, where the pandemic seems to be close to out of control. therere is a real big -- is a huge question mark on the gdp for everybody. francine: with risk to the downside, or actually could it also be better than expected? yeah, compared to our forecast, i think the answer is that things are looking a little bit better. if the numbers we have published today and yesterday, they want to quote it, if they remain as they are being printed now, which they probably will because it is so is -- so difficult for the statistical offices decimate. -- two estimate. it is still -- we are coming off that trough, and that is good news. spin offke a positive the fact that we have detailed daily or hourly monitoring of the pandemic throughout europe, so you see localized shutdowns. tha

erik: mike, always good to see you.pending time with us here on bloomberg television. kailey? kailey: all right. bloomberg's erik schatzker joined by michael arougheti. he is the c.e.o. for ares. thank you for joining us. this is bloomberg. ♪ ♪ kailey: it is time for the bloomberg business slash. a look at some of the biggest business stories in the news right now. jimmy levin is preparing to take over as the capital management. it trade hedge fund manager to paying describes. levin is promising 100% compliance 100% of the time. he is taking over when the pandemic has made investing volatile. >> the economy is in a very troubled place. frankly the world's in a very troubled place. the market is across all asset classes, the markets are incredibly volatile. the performance within asset classes is incredibly dispersed. that's going to be with us as the global economy is likely to move in these fits and starts as we all figure out how to most safely and responsibly respond to the virus. agreed to pay less than $2.7 billion

reportado hace un mes sufriendo la enfermedad señala lo contrario >> no nos hicieron pruebas >> eriknsaluble y no recibió asistencia médica diciendo que sus centros de detención tienen las condiciones para evitar la propagación del coronavirus (covid-19) >> ice reconoció según el informe del diario que tenía la capacida pruebas sin embargo los vulos siguenl no de reportados contagiados por el virus no es importante >> esto no llega ni a un 1% dicen inmigrantes estar sorprendidos por los resultados de la investigación del diario >> inmigrantes reclamaban imploraban por la ayuda >> la llegada de los reportados es parte de la presión del gobierno estadounidense para controlar la migración en pleno pico de la pandemia en guatemala noticias telemundo >> al regresar de la pausa en noticias telemundo la abuela de vanessa viajó a estados unidos para exigir justicia >> [♪ ] >> centroamérica sufre una plaga de langostas el vascocon diabe está en mí. >> r eso elegí trulicity, que activa mi cuerpo para liberar la insulina que aún produce... y reducir el azúcar en mi sangre. trulicity no es insul

he drove off. >> that was erik garner's widow in a documentary called "american trial", the erik garnertory. it's an imaginary story of the trial that was never held after the staten island grand jury refused to indict the officer in the killing of unarmed erik garner. as we're now dealing with the movement that was sparked by the choking death with the knee on the deck of george floyd, i'm reminded of the same words when i was called about george floyd, i can't breathe that we now found he said some 20 times. it was also said by erik garner, another family i stood with back in 2014. i can't breathe, as erik garner was choked to death, screaming 11 times i can't breathe. they never brought it to court. so these directors and the family brought this to the screen so you could see the trial that never was and that many of us felt should have at least been a trial. you can determine when you see the evidence what could have happened and maybe if things had moved a certain way, george floyd would not have faced the same kind of police that didn't think they would at least be held accountabl

cio -- jim 11 spoke with erik schatzker -- jim levin spoke with erik schatzker about covid and whetherversations will make it hard for anyone to make money. jim: this will be going on for long time. there will be default spirit i pre-covid, thee u.s. yield market traded something like 350 basis points. bond wasge high-yield 350 over. at that time, and this is been going on up and down for the last several years, at that time , there was plenty of capital being raised for activation funds come the activation funds needed to be activated upon some of that. that event was typically something like high-yield going to 700 over or 750 over. , if youmoment in time got to 750 over, that has to be an unbelievable opportunity to deploy capital and credit. that is where it is today. the u.s. high-yield market today, depending on which bank index you want to use is something in the zone of 700 over. the market is trading at the level and people said i only hope it goes there so the fund can activate and i can participate in this opportunism. i think it is both. i think there is and continues to be

erik: i am erik schatzker.t row" interview with the change agent hind expedia, iac, and match -- behind

erik: i am erik schatzker.my "front row" interview with the change agent behind expedia, iac, and match group, barry diller. barry, you have had a few months to think about how the pandemic changes the ways we live, the

. ♪ ♪ erik: hi. i am erik schatzker and welcome to bloomberg's "front row."i'm talking to dinakar singh. for a while, he was one of the world's biggest hedge fund managers and before that, at goldman sachs, he ran the most profitable trading desk on wall street. today, he will tell you that investing billions and billions of dollars is way more trouble than it is worth. dinakar: we have people all over the place. they do not get any sleep or spend time thinking about what is the best thing, which is investing. erik: dinakar and i covered a lot of ground. this is what we talked about --

he spoke exclusively with bloomberg's erik schatzker. ray: today the economy and the markets are driven by central banks, and the coordination with the central government. what i mean by that is that the purchases right now of financial the federal reserve or the purchases by the federal reserve of government securities are the drivers of the market. of the money,ion if you look at money and you sok at who is in the market, the federal reserve for example, will set an interest rate for different types of creditors based on its economic objective. in the old days, say when we had the 2008 financial crisis, we needed to protect banks because they were systemically important in the money market funds and commercial paper and the like. now it is much broader, global economy is systemically important. if they didn't go out and make including companies, what we call "fallen angels," those that were just above investment-grade and fell into investment-grade, we would lose large parts of our economy. so we are in a situation now -- they are the

matt: that was bridgewater co-cio and founder ray dalio speaking with our own erik schatzker.hu lan nguyen from commerzbank is still with us. what do you think about the reflation efforts by the ecb, especially. are they going to be able to bring about any kind of inflation? at lan: well, if you look the credit creations that easing has called, their certainty is hope that this time around, exceptionally expansionary measures will lift inflation. obviously, it is unclear to what kind of level. obviously, the central banks have acted aggressively because of the large risk of a deflationary scenario that the corona crisis would put us in. the measures -- as i said, if you look at the money supply in the systems, which is increasing the significance. people are putting the money to use. there will be some inflation creation. still skeptical whether the central banks will be able to reach the targets they have set before. matt: what do you think is the most exciting currency pair out there? this is obviously your wheelhouse. what do investors talk about the most? what is the hotte

speaking with erik schatzker earlier. this is bloomberg. ♪ >> 3:00 new york.erg markets: the close." retreat, fueled by escalating tensions with china and worries over the economic recovery. hitting 19 hunted dollars for the first time since 2011 -- $1900. falls with ael company announcement, the earnings report analysts saying the worst they have seen. and erased against the clock -- and a race against the clock as funding set to expire this weekend, lifeline for americans. we speak about the risks and a call to action. all that and more coming up. >> a lot of risk now for the market. we talk about the s&p 500 and we started the week on a relatively good note, three days of gains that is coming to an end, the second

erik: you started out with a $2 billion target and you exceeded it by raising $3.5 billion. not more? the reason i ask is, as you are well aware, firms that compete with you are raising multiples of that. north of $15 billion. why wouldn't it want to raise a bigger font? -- fund? michael: we are. we tend to be more diversified. to $7 billion of new capital. publicly announced in the second quarter. we phrased an additional $6 billion of new capital. 3.5 particular strategy was billion dollars but it raises at a healthy clip. most of the strategies we are seeing for accelerated fundraising are able to play the market dislocation in some way. erik: any idea how much you think you will be able to raise over the course of the calendar year? michael: we had said pre-covid we expected to exceed our record year, which was a year ago, by $36 billion. we are about $25 billion run rate and as we talked about in our first quarter earnings, expectation is we will be somewhere within that range. erik: there is a significant gap between the performance of your thecorporation and high-yiel

. >> these days choirs can't meet in person but in 2010 erik whitaker built a choir using individualeos from singers. >> i had singers saying when is the next virl choir and how can i be a part of it? >> today he will unveil the biggest virl choir every assembled, 17,000 singers and one correspondent coming up on sunday morning. >> pauley: we're in conversation this morning with actor lewis gossett junior. he has many stories to share with our michelle miller. >> stop eyeballing me. i will rip your eyeballs out of your skull. >> lewis gossett junior has been a working actor since 1953 but his first day in hollywood wasn't about a part. it was about the police. >> 1966. a tree? >> a tree. a palm tree. >> oscar winner lewis gossett junior, on his career, and more. later on sunday morning. >> morocco has a profile of kim novak. >> we will visit a unique wyoming truckstop with jim axelrod and stories from jim gaffigan and more on this sunday morning for the 19th of july, 2020. we will be back after this. explore floor and decor your way, and comfortably shop over a million square feet of

ghost of war is written and directed by erik perez whose previous credits include the butterfly effectu some idea of where this is all going. it's a strange mix of the quite creepy and the utterly ridiculous. like an extended addition of the twilight zone, longer yet somehow less substantial. that's it for this week. thanks for watching the fate fleet not film review. stay safe and i'll be back next week with more home viewing treats. you've got this. ease the break, easter break a little bit more. harder. stop! what are you blind? good evening. sunshine at this time of year is pretty strong so it doesn't take much for those temperatures to respond once we get it. and we certainly had it on friday with temperatures widely in the south—east corner around the mid to high 20s. beautiful blue sky and sunshine here but not for all of us. this weather front brought cloud and rain, and the rain was fairly slow moving. behind it, plenty of isobars driving in some showers to the north—west of the great glen. so, that is going to be the story over the next few hours. we will see cloud and rain s

. >>> erik salgado y riana colombo fueron balaeados por la patrulla de caminos al tnetnar darse a laqué tan crueldad contra mi hijo, no puedo entender, no puedo entender . >>> el abogado también agregó que la agresión de los oficiales pudo haber costado el embarazo de u . >>> y el cuep encontrado en lake piru es de la actriz naya rivera, vamos a ver los opormenores de este caso. >>> su desaparicioon desató una intensa búsqueda pro seis días hasta que esta mañana el cuerpo fue encontrado. >>> fue encontrado al noreste del algo donde nos hemos estado cocentrando en la búsqueda. >>> acá el agua es opscura y con poca visibilidad . >>> la superficie es de dos millas cuadras y el bote fue encontrado acá el cuerpo de naya rivera. >>> autoridades creen que el cuerpo pudo enredarse . >>> la actriz que por seis años fue uno de principales de gree fue vista por ultka vez cuando rentó esta embarcación pero luego el niño les dijo lo que sabía sucedido cuando nadaba. >>> estuvo en el agua con él y ahí subió al niño al bote pero ella no alcanzó a subir. >>> hoy una mujer , la madre de rivera fue ll

. >>, would've been erik salgado's 24th birthday, his family held a news conference demanding answers after he was shot and killed by chp officers in oakland last month. they are asking why chp fired nearly 40 rounds at the car he and his pregnant fiancc in. erik salgado's mother is asking for two things, to see the body camera footage of the incident and to know the names of the officers involved in the shooting. >> i do not understand why they did what they did and why there were so many gunshots. what was the requirement for that? >> we reached out to the chp for comment and was told they cannot speak about pending litigation. >>> developing out of berkeley, the police department was vandalized during the black lives matter protest. activists spray-painted the front door with their protesters on martin luther king jr. way, which was closed to traffic between alston and addison. >> we bring people together in close proximity without masks. >> most swimming pools are forced to shut down for safety. coming up, the bay area city allowing competitive swim teams to practice in a high sch

and the family of erik salgado is demanding a probe into why california highway patrol officers fired 40 rounds indiscriminately at salgado's vehicle during a traffic stop in oakland. sagado was killed and his pregnant girlfriend, brianna colombo, was badly injured. both passengers were unarmed. this is erik salgado's sister, amda majail-blanco put out a report that he di this, he did that,t, he dihis. at is not theheoint. >> that's rit. >> was he a criminal? okok, that jtifies you have to shoot hianand hi unborn child? his by' mother wain the car. d did not have a weapon. he did not even get out of thee car.r. they shot him in the cacar in hs own neighborhood. amy: the family of vanessa guillen said wednesday her remains were likely found in shallow grave near the texas army base come in a painful search that began months earlier when guillen first went missing april 22. the army said wednesday y one suspect was in custody and a contention with her disappearance. a second suspect, soldier who has not yet been named, took his own life in killeen, texas, as officers apppproached him on

>>that was erik kang reporting for us tonight in addition of battery. hill was charged with disorderly conduct. >>delta airlines and united airlines say they will once again start serving alcohol, but it will only be available on certain flights. you may remember just last month, the carriers along with several other airlines stop serving alcohol and snacks to limit the spread of covid-19. but if you're now flying delta you can order alcohol if you're in first class or if your trip is more than 500 miles. meanwhile on delta passengers have to be seated in a premium cabin or on an international flight. they are lines say the latest guidelines could change. >>tonight's we've doubled our speeds the fastest just got back. >>the giant to the latest mlb team to deal with delayed covid-19 testing results during the new training sessions that started last week yesterday the a's postpone their workout until well into the evening while they awaited the weekend's results and the astros and nationals both canceled workouts for the same reason. today the giants made

robyn deangelo and prospective books on race in america, and erik larson's recount of winston churchill's leadership during the london blitz. barnes and noble renovated 350 of their stores during the time they were closed due to the corona virus pandemic. the bookstore chain focused on reorganizing departments, providing greater selection and making the stores later. booktv will continue to bring new programs and publishing news. you can also watch all of our archived programs any time at booktv.org. >>> booktv recently spoke with republican senator johnny ernst of iowa about her life and career. here is a portion of the interview. >> i live in a very rural part of the state and the perseverance and dedication and hard work that my parents taught me really has carried me through so many different challenges in my lifetime, opportunities in my lifetime, and i wanted to tell a story that could be uplifting certainly. people will face challenges throughout their lifetime, but we all should understand that those challenges don't necessarily have to define us. >> new book entitled "daughter of

were you in prison i was a southern state southers my son was but it was a right that's where all the erik white area guards are would one go or has leg bibi's hanging from a tree. killer. yes were you doing before you want. i was selling drugs i was using drugs and i made the claim that was my lifestyle suddenly using drugs you go to prison you're going to come out there you might come out better you might come out crazy yeah certainly come out was enough but you're going to change this place is. based because you see the people call me and some of these people would come a hey used to do. teaches but if you stay head good trade they're just between mental health and drugs you know they gradually put them in the system. i. out how many kids i have $66.00 kids are you work and yet it's already worked up plus the guards but can't you do you people do what you saw how many hours a day do you work while this is where you are in prison and what where which one on the south would you. please i'm trying to get my way but if i'm hard you know nobody want to help you i mean. you see cities that ha

sigue siendo un privilegio >>> clusivo de unos pocos miente estadÍsticr sueñÉno de erik de 17 año sereiraos >>s hablan en inglÉy personas t percepción que l >>> lasa personasorquesta e ti para la gente anglosajona percepciÓn que son pero son para todos . elite y la gente según este profesor de música, también buscra todos a son >>> el profesoabrirse camino en la música. >>> ahora más qu e ic >>nunca es importante lo primero piensa qu >>> yo p estudiantes la quetino ahora mÁs que nunca es muy importantes que l y afroamericanos lat, tengan la mismta oportunidad que los demás. >>> la falta d afroamericanos tengan la misma oportunidad que los demÁs >>> segÚn la liga e orquestas recursostadounidenses la falta económicos impide qu econÓmicos acceso acipal falta de recurso >> ademÁs orquestas y también no pueden pagar mentores . del buenos profesores o >>mentores. >> la lig> depero hay p rogram latinos que quieran integrar una orquesta com organizacionestinos que aspiranr parte de una orquesta como queitieron a también compran instrumento ssolo dfbe averiguar estos recursos disponibles . eric co

. >> it looks like erik jones' wreck. he was running eighth. >> last on pit road on 103. >> seat ne the net down. that's the driver signaling he is okay. he will wait in the car until the safety team gets to him. alex bowman into the wall hard. bringing out the eighth caution. >> the whole right side just flat. we have seen hard hits here. last year with this package for the first time. a lot of hard wrecks in that race. landon cassill, tough hit here last year. look at this. down into turn one. >> wow. again, a really hard hit there. looked like the right front went down. >> i don't know how to describe what that feels like. your entire body goes through this incredible trauma. >> the hit is tough. the moment before it, when the tire goes and you are out of control and you know you are going straight into that fence, you have a moment to really understand just exactly how bad this is going to be. it's the most terrifying moment as a driver. there's no question in your mind you are going to hit really hard. >> the safer b

. >> we mentioned it with erik jones, one of the hardest hits. then we see it duplicated by denny hamlin there. great to see him climb out of the car. >> not only the physical pain of hitting the wall like that, but the emotional pain knowing so close to winning brickyard 400. >> he said it was the biggest heartbreak in 2017. he came so close to feeling that. gotta be feeling the same heartbreak. >> let's take another look. >> into turn one and the right front goes. big impact today. such a big hit. so surprising to me. we have been talking about it for the last several laps about the clean air he enjoyed. >> you wonder is, with the cooler temperatures, it has -- >> more speed. >> it is probably faster than it was. clean air. carrying so much speed. you wonder if that extra pressure on the tires -- >> you have to acknowledge that his teammate jones had an issue. the 18 of kyle busch talked about having a vibration just before jones had his accident. i really wish we could show you what this racetrack surface looks like and how the grooves are cut

bridgewater ceo talking to erik schatzker. to reopen pubs as well as restaurants and hotels on the fourth of july, after months of virus restrictions. we will discuss where to go next. this is bloomberg. ♪ welcome back to bloomberg markets this is the european open. 18 minutes from the start of cash trade. this is your bloomberg first word. tighteningu.s., rules. masksis making face compulsory. disease expert anthony fauci is warning the disease may be mutating. china sanctions bill has passed in congress. it heads to donald trump for approval. the legislation would impose sanctions on officials who crackdown on dissent in hong kong. the house and senate moved quickly to pass this legislation. maxwell has been arrested, accused of helping jeffrey epstein abuse girls. maxwell was his close associate for years but she has long denied involvement in any of his offenses. she helped him identify and groom victims. global news, 24 hours a day. poweredberg quicktake, by more than 2700 journalists and analysts. england preparing to re

fears the move could deal a big blow to its struggling tourism industry has asked britain to exclude erik and cannery islands air from the quarantine measures citing the low number of cases there. aren't and next to vietnam which is back on high alert after an outbreak of the current virus was confirmed in the coastal resort city of denying all this after weeks of no new cases being reported the gulf . and has reacted quickly and started evacuating thousands of people. this crowded airport lobby is a far cry from the beaches of done but for many people summer holidays have now come to an appropriate and overall $80000.00 tourists are being evacuated from the coastal city after at least 3 new coronavirus cases were reported there on the weekend. i was supposed to go back tomorrow afternoon but i'd rather fly home tonight the situation makes me worried but i will follow preventive measures by wearing a mask and having less contact with people. the mess of evacuation will take at least 4 days once at home travelers will need to cry on teen for 14 days to avoid spreading the virus people seem

joining us now is rolv erik ryssdal, ceo, adevinta, schibsted. you can do with this classified unit. ? how can you make it work? rolv: i think ebay wants it. that is why they are staying a big shareholder. we are truly excited about this, but with ebay we are treating the world's online classified platform. it will be highly diversified and profitable, and we see significant synergy opportunities here. shareholdersnd of you expect ebay to be? this could be new for your business. rolv: ebay is a fantastic company. they are experts in the marketplace and have been for many years. we are truly excited to work with them. i would like to explore more opportunities to work with them. ebay classified groups has been the largest, one of the largest. together we are creating this number one player internationally. we are very excited about that. itt: during the lockdown, have been using things like ebay classified a lot more than i had in the past. that?icky is doing ourntinue consumption and shopping this way? convinced that is what we will see. i think

moscow but sunny skies down into the south of france and also sunny skies across into the valley erik's now that is where the sunshine should continue but as you can see elsewhere not quite to the same story plenty of rain working its way through scandinavia trading back into hours a germany the low countries france not about day friday across the u.k. quite cloudy tom it is not fairing too badly and the rain again gathering across the sections of northern italy on towards the balkans then on saturday that system works its way eastward so it does clear across northern areas but some very heavy amounts of rain really impacting romania pushing on the towards hungry cloudy skies behind and a very unsettled across the u.k. and northern france and the winds also fairly strong at the same time so when it comes weather conditions in london over the next few days expect some rather heavy rain showers on saturday the system calls coming in with the strong winds and then you should care sunny for the 2nd part of the weekend but by monday there's very much back in the forecast but of course south

sweep up debt and equity in companies that have been heard by the coronavirus pandemic we spoke to -- erikchatzker spoke to the ceo. >> i think we have to all be very careful that we don't conflate the markets and the real economy. while the technicals and all of the liquid markets the fed has been supporting are fantastic, if you peel back and look at these fundamentals, the recovery is uneven. >> where is the fed liquidity not reaching? where are things attractively priced? >> we have been able to find distressed opportunities in the first order impacted industries like travel and leisure, advertising, travel and entertainment. if you move to the second order, two places. one, where is the liquidity not finding its way? there are certain pockets of the mortgage market that have not been supported. some small business loans. some middle-market corporate loans. there are pockets of the markets that have not benefited from the fed liquidity. that is where we can come in with our own liquidity and provide that support. even though the liquid markets are functioning, there are a whole host of

way so all these all coin posers and government subsidy welfare bombs like charles hoskins saying or erik or hayes you know they're going to get a vis aerated by the one true big quine and it's about time this is the year 20202021 we're going to see a total of us ration of all these posers i'm glad to see it we're no longer going to give them any slack and i could give them any more oxygen i'd give those people some air time i made these people so rich over the years i maybe's people i made the breasts and i'm going to take away the max get it and max take it over right now it's just a bit coy. ok but that's the point of why big queen is immutable because. it plays on game theory and game theory is works on the notion that all people are greedy like this and all people abandon their principles when presented with free money and you know there was free money for the taking there and part of the reason why this all happens so badly and why this money was distributed to the wrong people was because our government which used to be a republic remember we used to be every public what they did i

coming up, ray dalio joins erik schatzker for a virtual conversation on the economic recovery and opportunitiesost kevin need -- post covered -- post covid-19. this is bloomberg. ♪ nejra: i am nejra cehic in london with tom keene in new york. let's go to hong kong where we are joined by bloomberg's senior asian government reporter. expect protests in hong kong over the weekend? >> i think yeah. i think people are shrugging off some of the opposition to the new law. we saw protests on wednesday but we haven't seen any since then. there is a lot of aggressive proactive policing taking place in hong kong these days. the moderates that swelled those protests we saw last year, are afraid to come out at the moment. it is too early to say if we will see protests over the weekend. there have been scattered smaller protests but nothing like the big ones we saw last year. tom: it may be too early to ask this question but you are so good at it i will ask anyway. changedibe of hong kong with these actions? >> that is a good question. i think definitely, there is a chill over the democracy movement in hong

holidays in mainland spain for 2 weeks but it's still flying people to spain's canary islands and the erik islands is question the need for people returning from those destinations to self isolate one al-jazeera staff member who just travel to minorca says people there was surprised we were quite frustrated when we had the news the numbers here are very low they've implemented a very strict lockdown here and then it broke out. a very very strict one and people have not been able to leave their houses and they've done really well it keeping the numbers down here in minorca the real damage is likely to be to people's confidence in travelling meaning a setback to the aviation industry and to spain's tourism sector that accounts for 12 percent of the national economy. here in britain the opposition labor party is calling for clarity on what support people going into quarantine will get but what many people are asking themselves is whether this kind of risk will be part of foreign travel for the foreseeable future. al-jazeera in southern england now he marched alongside martin luther king jr an

there erik are 30 bouts of cool $150000000.00 from the l.a.p.d. to fund health care jobs and peace and others philadelphia canceled a planned at $19000000.00 increase for the police department and shifted 14000000 dollars of the police budget elsewhere including affordable housing but not every city is welcome the shift in police funds st louis missouri is on the defense in a big way st louis mayor little cruising with full on race stoking the flames of hate and putting a target on the backs of protesters in a facebook live appearance seen by thousands crewdson was asked about a meeting she'd had with protesters at city hall after grabbing papers and reading through a litany of activist requests she became agitated at how they wanted police budgets spent chris and went on to announce the names and home addresses of those seeking to be fun the police the video has since come down and kristen has apologized after the a.c.l.u. civil rights groups activists and elected officials far and wide condemned her. is it so wrong to ask that $15000000.00 go to

erik's permits use a range of western foods at the time a can buy all of us so we feed our rats meat pas chips cakes and biscuits the. sorts of foods that are vettel a valuable and cheap so we'll model in the western world. the 1st consequence of this diet the rat doubles its food ration as. the animal never seems satiated. but that's not the most surprising outcome. one of our chief interests is the impact of his diet on the animal's memory and we can measure this is lee in the rat using a task known as the novel object and novel place task. in this test the researcher places objects in the rat's cage. the animal comes over immediately to examine the. rodents are very curious by nature. once it's completed its examination and memorized its surroundings its temporarily removed we then place the animal in the arena with one object that's been shifted. the. parents are in turn the rat spends more time examining the object that is changed places because it already knows the other object is there engraved in its memory. the rats are stuffed full of bad foods or behave differently. what w

vonnie: that was erik schatzker speaking earlier with ray dalio.till ahead, we will speak with the founder of operation hope on the widening on employment gap and racial inequality in the united states. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn. i think the most important thing we can do today is continued to encourage the to physically distance masks.r a lot of research is coming out showing that that is working. we all want to move toward reopening, but looking at the growing case count, the cases across the u.s., it's critical to maintain those basic public health interventions. it is july 1, back to school shopping begins in 42 days. are we going to go back to school? tot does the pandemic due the classroom of elementary schools, middle schools, those disease-ridden seniors and juniors in high school? goeveryone wants kids to back to school, parents the most. we have to take a cautious approach to opening. we have more research to do on how kids are affected, transmit the virus. there are a few things that are imp

an exclusive interview between erik schatzker and jimmy levan. coming up, we are speaking with the johns hopkins center for health security senior scholar crystal watson on the latest on the coronavirus. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn. let's take a look at where we are market wise. off of our highs of the session but the nasdaq is still the leader, up 2%. the dow is up 1.3%. most indices are higher following line high overnight, after the chinese government talk to the market, saying it would be a good thing a regular citizens got involved. the dollar index is weaker. strengthening for the offshore yuan and the euro. 7.0160.hore yuan at about to hit its 200-day moving average, so will we see it go below seven? over the fourth of july weekend, airline passengers exceeded 7 million for the first time since the pandemic. how does it spread the coronavirus across the country? joining us now is crystal watson, senior scholar at the johns hopkins center for health security. airline traffic is a fraction of what

bloomberg's erik schatzker put that -- pose that question to billionaire barry dillon. -- the only actualopoly. the others have varying levels of competition. when you have monopoly power, you have to have regulation. i think in the next couple of years we will probably get closer to it than we have ever been. i think that is healthy. ritika: global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. guy? guy: thank you very much. equity markets are now closed. we are few the option process. -- we are through the auction process. nevertheless we finish near session lows. unlike the united states europe is finishing in the red and it is the cyclical names that are under pressure. banks are down, the car sector is down, the travel and leisure sector is trending lower. the ftse is down .5%. the dax down 4%. 40 down 1.2%. clarity on the u.k. government of the top of the hour on the table show. jonathan ferro is in new york. i will be joining him in london on dab digital radio

he spoke with bloomberg's erik schatzker. take a listen. markets are driven by central banks, and the coordination with the central government. what i mean by that is that the purchases right now of financial assets by the federal reserve or the purchases by the federal reserve of government securities are the drivers of but market -- of that market. so the production of market, if you look at money and if you look at who is in the market, the federal reserve, for example, will set an interest rate that -- for different types of creditors based on its economic objectives. in the old days, say when we had the 2000 eight financial crisis, we needed to protect banks because they were systemically important. now, it is much broader than that. the whole economy is systemically important. if they did not go out and make companies, including what we call "fallen angels," those that were just above investment-grade and fell into investment grade, we would lose large parts of our economy. so we are in a situation right now where they are the market

erik: one of the four businesses you are in are structured credit and clo's.thrive in the decade after the financial crisis. what is the future for them now? jimmy: i think it will be similar on the way out of this recovery. a little while longer to get back, and the exact shape of it is unclear, but that growth in largely the clo market, but really just credit creation -- there was an incredible amount of credit creation than a decade after the financial crisis. whenever that are is that much credit creation, there will be structures to sit inside of, get this treated, get diced and ultimately get managed. erik: we got to the point in january and february where many people were starting to sound the alarm about the amount of leverage in corporate balance sheets and sovereign bond markets and credit markets together. if we are going to have even more, are we not just inflating a bigger bubble to burst when the next downturn comes along? jimmy: i think a little yes, a little no. what i mean by that is what happened here to the economy was probably almost singul

nejra: that was barry diller, speaking exclusively with erik schatzker about the trump administration just over one hour away from the equity market open now so let's get a look at your stocks to watch for today's trading session. ruining is to discuss is dani burger. s.a.p. out this morning with his preliminary results. what did we learn? beat on learned s.a.p. its preliminary second-quarter sales. this has mostly helped a resumption of deals in asia. activity basically ground to a halt. the final months of the second quarter picked up enough, meaning sales grew 2%. cloud sales also grew 21%, so even bigger there. according to bloomberg intelligence, a lot of cost controls helped them out. they saw lower expenses. that combined with more organic sales, they said that sales growth should help cash flow into years to three years so still a long time horizon before they get back to normal. manus: the new slow does not get any better for airbus, does it? dani: it absolutely does not. another month with absolutely zero aircraft sales, so in june, they had no sales. may and february. this