fitch going negative. that was 2011 during the fiscal cliff crisis, then .oody's maintaining the aaa the reasoning for the outlook shifting to negative, fitch saying the structural strength, the size of the economy, per capita income, dynamic environment, however this reflects deterioration in u.s. public finances in the absence of a credible, fiscal consolidation plan. , think of high fiscal deficits in war time, you don't worry about deficits, but later down the line, you have to address that, raising taxes, the high debt to gdp ratio. that is something goldman sachs mentioned as a reason for andaps for dollar weakness why the dollar may no longer be the currency of reserve. somethingng out with on the deficit and debt. caroline: 130% of gdp. by 2021,hat they see 130% of gdp, so clearly the sounding of the alarm by fitch, one to watch in terms of the reaction of the u.s. treasury, whether yields get pushed a little higher. it tends not to occur when you see a country such as the u.s. get its aaa question

shape not only four months of working out but working out at altitude at 8000 feet i've never been so fitch. it was pretty great that was a wonderful side effect of the mission. >> so one of the things that tickled me is antimicrobial socks. why? i did understand that if you're only showering once a week for ten minutes why antimicrobial socks? >> absolutely. it's related to the exercise shirts they had some nanotechnology and the coding to keep the stink away. but the socks can get stinky. >> you want to be considerate. >> how about privacy issues? how does that work out? there's five other people in your life. >> we all got to be close. we were all aware of that and pretty respectful. as the ones in the room with the door closed then they leave you alone. 's when you're off by yourself there wasn't a need to continue to be social. we just respected everyone's space. and then you actually need to talk about them there's only a few shelves in the shower. but a number of toiletries and see more than reasonable for one person out of six and then another person noted it makes more things sense

fitch downgrading the outlook to negative from stable saying the downgrade reflects the ongoing det deter ration in the u.s. public finances and this comes as the u.s. treasury yields hit record lows the dollar continues to weaken and seeing the biggest monthly drop in nearly a decade and gold had the best month since february of 2016 hitting a fresh all-time high today for the first time ever. so will gold continue to rally carter, what are you looking at? >> sure. it is all about tactical versus structural this is over currency debasement this is not near the all-time high adjusted for inflation. we are only at $2,000. but tactically, it's getting a bit crowded. people who hated it love it and that's a time to do hedging. so the first you have here is just the circumstance where gold is up eight weeks in a row in the history of the data that's happened four other times. there are 2,372 rolling 8-week periods so that's an incident rate of 0.14%. take a look at the next table. what has happened those four other times? looking out one month, three months, six months, the odds of gold being

jamie fitch always a pleasure to have you and great boat for i think this is the news with rick sanchez you're watching our special coverage when we come back we're going to look at a string of attacks on christian churches and statues and it appears to be happening globally we'll be right back stay with us. ah no team no crowd. no shots. actually i'll speak. with a strong note the 1st. points your thirst for action. i'm chris hedges the corporate coup d'etat has destroyed our democratic institutions the commercial media is burlesque part of the reality show presence expose the trivial lives seen on contact question more. i've seen the horrors that arise the money and evil. corporate criminals who trash calculus lives to add just one more dollar to their millions. they threaten they bribe they'll do anything to keep their crimes in the door but the people they've heard are demanding justice their stories need to be told on america's lawyer. thank you for finally she means you. understand you're tired of networks ready. no matter what. you know me 'd i'm famous for my views. yours truly

former transportation official jamie fitch giving us. on the ground and in the air look at what it's like to actually travel right now well jamie this is the news addiction jeju watching our special coverage when we come back dr lisa paula joins us to discuss well how to cope with the kobe blues we're here for you will be right back. here thank you for finally changing your 'd understand your tired network that. was the. famous for my views ready. yours truly. turn on the t.v. learn about the world what's happening around me i see shows on the screen in last every day because the fake news near its steady state. may be cool little to no christmas with the brick by brick school is that they could play me off there in the store but i found it didn't work that open question. take a live news anywhere you go plus an elegant on line and video library with a built in search engine it will fit right in your pocket it's free interact and just are texas 2. 1000 the president's text videos uploaded every hour so what are you waiting for love stuff

it spends slightly more than many nato nations according to fitch turkey's reserves fell to $33000000000.00 at the end of june from $87000000000.00 at the end of 2019 the central bank has been using reserves to prop up the lira the lira hit a record low of $7.00 now into the dollar in may although it has made some strong gains since then turkish president of the one who's been pushing for unconventional economic policies to suppress interest rates as inflation source. turkey is dependent on foreign money to grow the economy and it's introduced bans on some u.s. banks that are trying to short the stock market well joining me now from london is andrus craig anderson is in the system professor at king's college london with the school of security department of defense studies good to have you with us how easy is it right now on the economy to be fighting all of these war zones. not very easy. as you rightly said is under immense economic pressure following the current 1000 crisis after kind of 820198 prospect for true to those 20 which was relatively positive. nonetheless turkey is obviously al

congress robert facebook's mark zuckerberg google center fitch i apple's tim cook and amazon's jeff bezos will all face lawmakers they'll be questioned about whether or not their platforms have become too powerful and of stifled competition. at talian media say authorities have arrested more than 20 tunisian fishermen on suspicion of smuggling migrants to the island of lampedusa the men make up the crew of a fishing boat that brought migrants who allegedly paid for the passage to the island . when the coronavirus endemic hit the world of opera live performances were banned and the singing stopped but that's about to change as the world famous soprano and a techno trickle prepares for a production of which he's tosk on thursday outdoors in the biggest square in naples. a note or performance of the opera tosca with the backdrop of the sea in naples some by the greatest diva of our time 6. it's pretty mixture. it's the view to life seeking it is bring us more even more in the future. for such performance worldwide since corporate houses shut down during the content take to bring us giacomo p

jamie fitch always a pleasure to have you and great bow tie for i think this is the news with rick sanchez you're watching our special coverage when we come back we're going to look at a string of attacks on christian churches and statues and it appears to be happening globally we'll be right back stay with us. dear viewer thank you for finally changing the channel i understand you're tired of networks and the word news with you you're tired of. 'd the internet. as they are not no matter what part of the night. you know me i'm famous for my views don't get them in the news. yours truly scotty nell hughes. how to read out of read turn on the t.v. on the about the world was happening around me i see shows on the screen in last every t.v. because the fake news near its steady state. to maybe cool someone believes enough christians would have to play brick by brick pool is that they could play me up there in the store but i found it didn't work that oh. take a live news anywhere you go to the elegant think straight on line and video library with a built in search engine it will sit right in yo

richard hunter from fitch ratings is still with us. talking about the probability of defaults. 2021hink coming more in than 2020. the possibility of downgrades. do you think there will not be so much action in investment grade credit? what about an industry near and dear to my heart, automotive's? it's of who -- huge truck -- huge chunk of what you evaluate. it has been hit hard by the crisis. richard: yeah. if you look at that on a global basis, it's a very substantial chunk of the revenue base we look at. about half of all the manufacturing revenue if you take all the companies together. of all the sectors where we've been, they are the median sector. we have been slightly more optimistic around autos. the course of the lockdown, we saw positive signs there. we lowered a couple of the comic or's. we lowered renault. most of the carmakers have been affirmed with a change in outlook, simply because of a number of things. they already have substantial cash facilities on hand to write out trouble. they are used to dealing with cyclicalit

former transportation official jamie fitch giving us. on the ground and in the air look at what it's like to actually travel right now well jamie this is the news with rick sanchez you're watching our special coverage when we come back dr lisa paula joins us to discuss well how to cope with the kobe blues where here for you will be right back. ah no t.v. no credit. no shots. actually felt. in the let's try both of those 2. points your thirst for action. i'm chris hedges the corporate coup d'etat has destroyed our democratic institutions the commercial media is burlesque part of the reality show presidents expose the trivial lives seen on contact question more. seen the horrors that arise with money and evil. corporate criminals who trash calculus lives to add just one more dollar to their millions. they threaten they bribe they'll do anything to keep their crimes in the door but the people they've heard are demanding justice their stories need to be told on america's lawyer. year thank you for finally. understand you're tired of networks

this is the model that was created by thomas fitch roland. we believe, we have every reason to believe this is the model that was taken to the white house in 1861 to show abraham lincoln and convince him that we have -- the union side had better get with the program and develop this kind of naval vessel or be beat. >> let's look at the picture of the swedish born inventor who was working in brooklyn. in 1861, a connecticut industrialist convinced john somethingas onto extraordinary. who was erickson? what was extraordinary about this invention? visionary war designer. he had the great -- right group with him. roland was a great engineer. -- bushnell was an advocate. the confederates are working on taking a wooden ship and putting iron plates on it. erickson had an idea that no one had had. that is for a revolving gun. waterould be low to the and would rotate. it had never been commonplace on a ship before. the ships had to settle up to each other and fire up on each other. was a true revolution. bushnell brought this model to washington. >> a

elsewhere we see positivity across the board, with fitch affirming it's a plus rating of we have chinaing in this year of 2.7% growth and these ratings have been supported by robust external finances for the country here and fitch sees china's general government that tries to 56% of gdp. chief up, goldman sachs headlined a chain smokers concert in the hamptons as dj basalt but now the organizers could face the music in new york over social distancing violations. details coming up. this is bloomberg. ♪ live pictures of the lion city, 11:30 a.m. in singapore. in the middle of the trading day. the sti in positive territory up .5%. singapore is looking to open its borders with its closest neighbor, malaysia, for a limited group of people for now, official business and work purposes only. both sides agreed on key aspects of the agreement lane travel. for the discussions are ongoing for travel for other groups. those wanting to travel will need to cement a request by mid august and they will have to abide public health measures in those countries. we all look forward to traveling again. rish

japan downgraded from fitch to negative outlook. but you could see further upside. 103.50 is a line to watch. in terms of offshore currency in the mainland, or in china, 7.0 is what we are looking at. the euro is modestly stronger against the u.s. dollar. gold and silver and the yield story in the u.s., gold started to modestly moderate. at.6 is what we are looking silver also taking a bit of profit. basiseld story, just 14 points for the two-year and under 60 for the 10 year. we will see what jay powell says on whether yield control is a discussion they are ready to bring forward for the fed. a look atet's have what is going on first word news wise as we look at the u.s. government's top infectious disease expert anthony fauci has been saying. he is confident a vaccine will be found before years end. pfizer environ tech begin late stage tests of treatment following the start of moderna's trials tuesday. florida hitting a record high and there was his bacon new jersey. cases in california and arizona slowed. hospitals are in danger

down m street through georgetown to see that it is not recovering on its own. 11, abercrombie and fitche, still boarded up and they could open but they don't. same about many other big names, local retailers gone forever. we are going to come out of this if we do all the right things 10% smaller economically with 15 million unemployed that weren't unemployed before. if we don't do the right thing to do it right now this week it could be a lot worse than that. shannon: scary when you think about it and the potential of what is going to happen with the virus this fall, things people don't know the answers to. let's talk about the second round of stimulus checks included in the republican plan. a whole bunch of people haven't received the first one. what do you think? >> according to the federal reserve in may and june half of all american families already had an income loss, democrats are obsessed with putting lots of requirements and strings in the stimulus checks so they simply don't get out. the best thing to do is give everybody a check. because it is taxable the present progressive i

>>then the police put us fitch stock hood over his face. it's typically used to stop prisoners from spinning fluid or blood on officers and they shackle his legs then before medics arrived they discuss his light pulse again in question whether he's faking it for a cap on it. the i got calls nearly a minute later, they don't body. >>these eyes are open. we're sorry this happened. that you have to listen to the police okay, he's unresponsive for another 3 minutes after that that's when police removed the hood from his head and started chest compressions what am >>that was laura jane gila, reporting for us tonight, the district attorney's now reviewing the body cam footage to determine if the officers actions. >>we're justified. tonight san francisco police are searching for the driver who injured 2 people and then took off in the mission district it happened just after to 45 wednesday afternoon near 19th and harrison streets. the suspect hit one car drove away. hit another car then hit 2 parked cars, a 66 year-old woman and a 38 her 39 year-o

experienced serious growth, churning out custom fixtures for such big-name clients like abercrombie & fitch, chanel, and universal studios. larry: take it to disney. lemonis: but a recent drop in revenue has drawn larry into a vicious circle. jason: high-low is officially dead. larry: oh, no. lemonis: anxious to control costs, he's cut much of his staff, hampering operations and putting even more pressure on the business. larry: we've been waiting a couple of weeks for this. lemonis: i'm excited about this opportunity, because let's face it -- everybody needs a light. and despite its troubles, vision quest has a reputation for innovative designs. larry: this is stainless-steel wire with fiber optic that's strapped to it. lemonis: i'm confident i can help larry find the light at the end of the tunnel and emerge stronger than ever. -hello. -maria: hi. how are you? lemonis: good morning. i'm marcus. maria: i'm maria. nice to meet you. -lemonis: how are you? -maria: i'm very well. lemonis: the owner is larry? maria: the owner is larry. lemonis: is larry here? maria: yes, he's here. i'll get him

joined last month, s&p fitch in lowering malaysia rating outlook to negative, citing caution around theburden what is being done to avoid a rating downgrade? engaging onave been the international rating agencies. the concern is really around what is happening globally and not just to malaysia and if you look at what we have done, the economy has picked up and the rating has remained -- not been downgraded. the outlook has been downgraded. what is important is for us to have that fiscal discipline and the commitment to reduce the deficit when the economy recovers. that is the key point in the rating agencies are looking at as well. sophie: turning to market sentiment in the face of various risks, we have seen them getting closer to turning positive for the year. investors do remain on guard with malaysia's parliament set to convene on july 13. the prime minister, he could ace a no-confidence vote and snap election could be in the cards. how ready is the economy for this eventuality? zafrul: the focus is really on the economy. should there be a snap election, what is key is investors and

be bad in particular for these three companies, children's place, american eagle and abercrombie & fitcherall annual sales in the third quarter which includes back-to-school. but we are shifting spending. so this could be good for sales of technology, art supplies and pajamas. comfortable clothes, loungewear if you are sitting in front of a computer all day. that's what we have been buying. really comfortable clothes with elastic waistbands. stuart: that's right. okay. okay. sometimes you need the elastic waistband if you are eating too much at home but that's another story entirely. we will move on. thanks very much, lauren. >>> this month, the national association of police organizations made it clear why they are endorsing president trump. watch this. >> president trump has initiated the attorney general to aggressively pursue those who intentionally harm members of law enforcement just for the mere fact that we are part of our profession. stuart: president trump's going to meet with police leadership in just a few minutes. if we get any highlights out of that, you will get them, too.