francine: gerard?'t know if you could still hear me, we were having that conversation on dividends, we will try to reestablish that connection and get back gerard abouty and we will talk this, it's interesting to see how the position not only with the financial crisis is overlaid, but you are giving out small -- money to small and medium-sized enterprises. but if you can't reopen the economy fast enough, you could worry, especially in europe. tom: it's interesting when you look at the future for banking. i've seen some articles from bloomberg on the research of alison williams in europe and the united states. it is really the same question as we have had all along, what is the role of banking? the mergers of banking? the combination of faang -- of banking? it seems to be painful wherever the geography. francine: that is because of a couple of things here in europe, and perhaps there's not enough regulatory appetite, but it's difficult to do cross-border mergers. someone who said he will set a high bar

that's where some vulnerability could come >> gerard, it's karen. i'm more focusing on the provision for loan losses. what are you expecting to see from the banks relative to the very large provisions they took last quarter >> you put your thumb on it, karen. because of the new -- the bank has loss expeexpectations early the quarter. [ indiscernible >> i respect the top 20 banks are going to see rovisions lik the first quarter because the bank got a handle on the downturn today once again, banks are capitalize ed they not only lost an enormous amount of money, they also had to recapitalize themselves >> given the banks' authority to submit their capital manplans, this a year you have to simply look through because of the uncertainty of the covid overlay the banks are going to have to go through [ indiscernible >> when we get into 2021 it's going to be more of a macro trade. >> gerard, always great to speak with you thank you for your time. >> you're welcome. >> gerard cassidy of rbc if i were a conspiracy theorist or skeptic, both of which i am basi

on testing that just is a fact in fact we will be doing more testing as you've heard from admiral gerard not only testing to specifically identify people in the identify isolating contact trace but also much more surveillance state governments have also begun to ramp up other precautions washington will soon join several states including california in requiring people to wear facial coverings in public as the economy reopens but testing remains a primary defense against the virus with u.s. experts saying the current number of tests would need to be doubled to control the spread. tonneau for a look at some of the other stories making headlines around the world french pharmaceutical companies i know she expects approval for a covert 19 vaccine in the 1st half of next year sanofi its program is one of dozens sprinting to deliver a vaccine to help end the coronavirus pandemic. heavy rains have triggered floods and landslides in parts of eastern and central china more than $200.00 hectares of farmland and hundreds of houses were flooded in eastern unholy private province in central hunan the

gerard? >> i don't want to take of all of your time because it is really everything from understanding what the needs are to understanding this to five chains to the individual hospital levels. we started out, it was impossible to know what supplies are being used objectively, what ventilators are being used objectively. we have gone through that all the way to the therapeutics dr. fauci has talked about and dr. hahn. remdesivir, steroids, hopefully plasma, all of these things and everything in between, it is really all hands on deck. all of our taskforces are still operational, including the hospital resilience task force. that is not only dealing with covid, but if this happens again, we don't want our immunization rates to plummet, our mammograms to planet -- to plummet. all of these things are victims of the covid response, just like covid patients were, so we need to fix all of that. >> one last question to you, dr. gerard. hospitals have struggled ,ramatically financially especially whe

. >> pensó en gerard sonrisas a su público horas antes de la muerte programó un nuevo programa. >> larugía número 15 por el cáncer de vejiga que padece. >> a le tengo temor el dejar a mis hijos . > sus hijos y nietos han tenido respeto y solicitaron los días para usar su perdida; las redes sociales están llenando los recuerdos y pésames de lo que lo conocieron compañeros de trabajo y admiradores que manlamenta la pérdida de este maestro de la comedia. >> inspecciones del tendido eléctrico. para ello utilizará helicóptero y drones que podrán documentar aquellos componentes que necesitan reparación inmediata. >> en palo alto del concejo de la ciudad considera ... para permitir que restaurantes utilice las banquetas y calles para ofrecer sus servicios al aire libre-. >> es hora de realizar las temperaturas actuales. >> vamos a hablar de todo el que se formó en el golfo de méxico venía desde el pacífico cuando acusan a otro litoral adquieren otro nombre en este caso trajo guatemala, el salvador, víctimas por allá pero sigue estacionario en esta región del golfo de méxico que estabas con y

contra del valencia, submarino amarillo se puso al frente quien cerrarÍa el marcador con este tanto de gerard, ganando el milÁn al roma. gracias por su atenciÓn, hasta la prÓxima. [mÚsica] paola: llegamos al punto final, pero antes la recuerdo que si tiene alguna historia que reportar se puede comunicar con nosotros de diferentes maneras por telÉfono, mensaje de whatsapp,correo electrÓnico o a travÉs de nuestras redes sociales, las 100 en pantalla, recordÉ que noticias univisiÓn 14 tiene una aplicaciÓn no puede estar conectado con nosotros las 24 horas, recibir alerta y ver esto de nuestras noticieros en vivo, estÁ disponible para apple store y play store nos encuentran como univisiÓn Áreas de la bahÍa, es totalmente gratis. gracias por su compaÑÍa, tenemos una cita a las 23:00 con toda la informaciÓn, aquÍ tendremos todos los detalles por el 14, domingo 28 de junio y estas son las principales noticias.. en medio de la incertidumbre por la suerte de la soldado hispana vanessa guillen, cerca de la base de fort hood, fueron encontrados unos restos oseos que estan siendo analizados paa determina

gerard, always a pleasure to talk with you.so much for joining me this morning. >> you're very welcome, maria. thank you. maria: we'll see you soon. gerard cassidy joining us, rbc. stay with us. we'll be right back. you say that customers make their own rules. let's talk data. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g - everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next item - corner offices for everyone. just have to make more corners in this building. chad? your wireless your rules. only with xfinity mobile. now that's simple easy awesome. switch and save up to $400 a year on your wireless bill. plus get $200 off a new samsung galaxy s20 ultra. maria: welcome back. nursing home crisis, house minority whip steve scalise slamming andrew cuomo over his handling of the state's nursing homes during the coronavirus pandemic. it is titled governor cuomo can't dodge accountability for nursing home deaths forever. he goes

led sanctions that are crippling iran's economy now this week we've seen iran's foreign minister gerard's a beef all over twitter he took a statement that was issued by u.s. secretary of state mike pompei or back in 2018 relating to under-estimate on and he connected all of the text to pleasing iran with america or american people and making a couple of other changes highlighting some flagrant double standards ok thanks rick. sometimes capturing an image or a single video can have a transformative effect george floyd's killing is an example of that because the video speaks for itself that's why it sent so many americans on to the streets and anyone contending with state violence whether they're in minneapolis hong kong or the middle east knows that sometimes all they need to make their case to expose illegality is the right picture it's why mobile phone footage is all over the news it's also why journalists have turned to images from space satellite pictures to expose china's secret wigger prison camps but there are some places that satellites and phones cannot go the space between that's

on testing that just is a fact in fact we will be doing more testing as you've heard from admiral gerard not only testing to specifically identify people in the identify isolating contact trace but also much more surveillance state governments have also begun to ramp up other precautions washington will soon join so. states including california in requiring people to wear facial coverings in public as the economy reopens but testing remains a primary defense against the virus with u.s. experts saying the current number of tests would need to be doubled to control the spread of this brain my he's the spokesman for the world health organization in geneva surgeon cases in many u.s. states u.s. president on trump says it's because the u.s. is testing so much is that true. but of course when you test you see what this school you know so if you test more you would normally also find more but the u.s. is accounting for quarter of the world's cases so we have now just reached 9000000 pieces worldwide. short of 500000 that's and again the u.s. is accounting for acquired ses both cases. so i think

robert redfield, admiral gerard of health and human services. later at 12:30 p.m. house financial services committee hears from federal reserve chair jerome powell and treasury secretary steven mnuchin at an oversight hearing on operations at the treasury department and the federal reserves pandemic response.

coming will be talking with gerard smith, the president's assistant for domestic policy.e will talk about how to get the economy going, especially the less fortunate. ons is "balance of power" bloomberg television and radio. ♪ david: it is time for bloomberg first word news. we go to mark crumpton. mark: mexico was hit by a powerful earthquake this morning, shaking buildings and displacing furniture in the country's capital city. the earthquake hit at a magnitude 7.7 according to mexico's seismological service. there are no reports of injury so far. democrats say they will block a republican policing reform bill because it does not go far enough. chuck schumer called the proposal "deeply, fundamentally, and irrevocably flawed." both parties are under significant pressure to act after a of political protest following the death of george floyd in minneapolis last month. boris has announced the latest change in lifting the coronavirus lockdown. hotels and restaurants and movie theaters will be allowed to open their doors from the fourth of july. johnson also cut the minimum

that's a look at gerard avenue. >>> looking live at the city of san francisco. new this morning, supervisors have extended a ban on evictions for people who are unable to pay their rent because of the coronavirus. the moratorium was approved last night it will make people illegal to evict renters indefinitely because of the pandemic. previously the protections only applied until july 28th. >>> state lawmakers will speak on a new proposal to ensure californians can remain housed during the upheaval. recent polling showing one- third of california's renters have little the to no confidence in their ability pay rent this month. >>> this mask mandate is ridiculous. >> i do not consent to wearing masks at all. >> residents in orange county furious over the face mask mandate. anger erupting last night at the board of supervisors' meeting. people demanding the county get rid of the mandate. >> it's a political agenda to silence the people and strip freedoms from hard-working americans. >> 100 people spoke out about the mandate. only one was in favor of it. the mask man

let's get the trump administration perspective on reaction, joining us now is gerard smith, deputy assistanto the president live from the north lawn. thank you for being here. you just heard the house majority whip not really giving the trump administration much credit at all. i was quoting and played the sound bite from senator tim scott. your reaction to that interview. >> with all due respect with the congressman, he is so wrong. we negotiated the whole bill. the whole concept of prison reform came from the white house and being able to secure the bill in the senate came from the president's leadership with republicans to get it on the floor and commitment from law enforcement. that's how we got the first step act. for him to say that's not true is completely wrong and last of all we are talking about a republican congress so the republicans control the house and senate. that was for hbcu funding. the hbcu funding that was the story could started with house republicans and senate republicans. more importantly, permanent funding for hbcus. the democratic plan was temporary and we made it p

that's a look now at gerard avenue. >>> a look live at the city of san francisco now, and new this morning, supervisors have extended a ban on evictions for people who are unable to pay their rent due to the coronavirus. the moratorium was approved last night, making it illegal for people to evict renters indefinitely. it also bans landlords from charging late fees or penalties previously eviction protections only applied until july 28th. happening today, state lawmakers will speak on a new proposal to ensure californians remain housed during the period of economic upheaval. recent polling showing one- third of california's renters have little to no confidence in their ability to pay rent this month. >>> this mask mandate is ridiculous. >> i do not consent to wearing masks at all. >> residents in orange county furious over a face mask mandate, anger erupting last night at the county's board of supervisors meeting. people are demanding the county get rid of the policy and end the public health emergency. >> none of this is based on science, rather a nefarious political agenda to sigh licens

i have some brief questions for each witness, and i would like to start with you admiral gera gerard. the chairman talks about the comments last week, saying that -- saying that the double -- when you do that, more people. cases are going up in the u.s. because we are testing far more than any countries -- this is what he said. and he also said this morning that he doesn't talk about it -- so they have been instructed to test less. i would ask you, as you are now in charge of overseeing the test, as the president asked you to do fewer test? >> thank you, and again, i want to clarify that neither the president -- >> yes or no would work, admiral. >> now, neither the president nor anyone in the administration has instructed our suggested that we should do less testing. we are proceeding and just the opposite. we want to do more testing. >> okay. so i want to ask you, admiral, do you think that it is a good or a bad idea to do less testing so it will look like we have fewer cases? >> my purpose -- my purpose in leaving is to increase the number of testing. the only way that we will be ab

so right now as gerard said, we are trying to continuously enhance testing. >> thank you dr.recognize mr. weldon for 5 minutes. >> mr. chairman, go straight to the question. i will just ask each of you for a "yes" or "no" answer. dr. redfield? >> no. >> yes, sir? >> no, sir. >> let's go to some other issues. dr. honig, you created a website i believe on the fda site dealing with convalescent plasma and antibody rich investigational therapies that may help fight the virus. what's the status of the research into the effectiveness of convalescent plasma in covid-19? >> what do we know right now? >> really important question from therapeutics point of view. as everyone here knows, you take the natural immunity from a person who has recovered from covid-19, those antibodies, and administered to a person who is sick. we have partnered with barta and hhs as well as the clinic to develop what is called an expanded access program. we have safety data from over 25,000 patients who said this is a safe therapy in our preliminary and we continue to look at the information. if those data h

to thank all of the governors and all the work at the laboratories that has allowed us, hhs, brent gerard, to make sure that the supplies were there. in each of these cases, these orange lines have gone up over the last four weeks. like new mexico, the primary infections right now in california at the highest level are in the l.a. area. but because l.a. is a large metropolitan area, you really more specificd of and local graphic to show that it is also increasing in the central valley. ability tous the focus resources among agricultural workers to improve testing and isolation for those that become positive. i just wanted to take you have been looking at data, how we consolidate that data and then report it out to the governors. we hope with the next week to have this data available in real websitethe white house so that everyone across the country can see where the cases are. in the end, we want to call to action -- when we started talking about what can be done, we send the most important thing that would change the spread is really individual behavior and our respect for one another th

he liked it before these numbers came out, bring in gerard ceo tim chubb., give us how much things have jumped, how you like here and how investors play it. >> they jumped pretty nicely, how companies were group out of the march lows, really companies with very little demand that was destroyed or throughout time. companies with demand that was delayed and companies with demand that was destroyed like the airlines. a lot of he investors expect homebuilders to destroy demand. we've seen numbers through last couple weeks, demand has been delayed. when you take a step back, you think about -- [inaudible]. we're entering a period where it is sort of a perfect storm. millenials, 78 million of them across the country, entering their peak earnings years, peak child raising years and peak filling up house with junk years, with a mortgage of 3.25 and 3.5%. with the most recent covid-19 crisis i think, actually supports them even more. especially as employers look to allow employees to work from home or work wherever they like. all the cities will have to raise taxes

ambassador gerard araud was france's ambassador to the united states from 2014 to 2019. and, ambassador john negroponte was ambassador to the u.n. and iraq, as well as the first director of national intelligencender george w. bush. welcome to the fors to you both. let me start with you armaments neambassador. what do joh is john bolton's imn the u.s. standing and the world. >> i think we've known for a long time from the outset of the trump administration that the president relies too much on his own intuition and on improvisation, and sometimes one wonders if it isn't even intuition but just sort of random thoughts he puts out there. i think john bolton's book brings to light this serious weakness in our foreign policy, the lack of system, and i think that that has caused us problems in our relationships around the world, particularly in the matter of trust between our allies and ourselves. >> reporter: ambassador araud, of course france is the united states' oldest ally. how does it view the book? >> when i was ambassador of washington, we were obliged to see how diffe

will put richard level with leaders boss alona who dropped points against to be on friday defender gerard piqué suggested referees a favorite while and sit down was asked if he thinks there's any truth in it 'd no . no i don't i am very straight and i have nothing else to say. i don't know if it's possible to win outside the pitch we don't do that i can guarantee you that we are real madrid we know the club we represent and are strong we are the only thing we want is to play with a very good players we have in the squad i'm not going to speak about the opinions of others because people are free to express what they want to say so. he's not happy is a it's a very sorry art gets back underway behind closed doors today ladies you venters don't play until monday they're 9 points clear of inter milan but enters coach is confident they can still catch them a single event. to avoid we all really want to restart it's not nice just to train we all need to compete winning the catch up game against some doria would move us just 6 behind you ventus in the still another 12 games so the gap is not imme

robert redfield, admiral gerard of health and human services. later at 12:30 p.m. house financial services committee hears from federal reserve chair jerome powell and treasury secretary steven mnuchin at an oversight hearing on operations at the treasury department and the federal reserves pandemic response. >> several democratic senators came to the floor to push for more coronavirus economic relief to local and state governments designed health emergency workers. here are the speeches leading up with senator ron wyden of oregon. >> senator from oregon. >> the covid-19 pandemic has thrown our country into a nightmare level crisis of joblessness. the congress has not done enough to stop it and has not done enough to save the jobs of our people. i have come to the floor this evening, the distinguished democratic leader, to call for the senate to pass legislation that is all about saving key jobs that form the backbone of our local communities, our firefighters, our first responders, our teachers, our families, and so many others. they need our help. they need it no

robert redfield, and admiral gerard who overseas coronavirus testing for the nation testified beforergy and commerce committee. topics included whether president trump has directed slowing down virus testing, the rise of positive cases in several states, and the progress towards a covid-19 vaccine.

anthony fauci, robert redfield, admiral bret gerard and steven hahn are briefing the senate and warning the surges we're seeing now could even get worse. >> we are now having 40,000-plus cases a day. i would not be surprised if we go up to 100,000 a day if this does not turn around. and so i am very concerned. >> let's go straight to capitol hill. nbc news correspondent leigh ann caldwell is there for us. this was a closely watched hearing. the title is "update on progress toward safely getting back to work and back to school." has that been the focus thus far or has it focused on what has led to this recent surge in cases across the south of the country? >> ayman, that's right. that was supposed to be the focus of this hearing. the chairman of the committee, senator lamar alexander of tennessee, i was speaking to him last week and he said one of his biggest focuses on an upcoming covid relief bill and everything that congress does is going to be about getting kids back to school. he says it's going to take a lot of money to do so and that congress needs to address that. but at this hea

the president has been reviewing proposals and he went to the home with jared kushner and gerard smith and they had a very positive meeting with senator scott. we do believe we will have proactive policy prescriptions whether that means legislation or an executive order. >> sandra: we only have a few seconds left but we will see what announcement is to come. >> it's an election year. also they say, it may be rough him up a little bit, he sees his approval rating is dropping. he has a press secretary out there we will see this at the local level, the kind of reforms that they brought in. more community-based policing. i think that's where you will see the fundamental shifts happening in the united states, not not at the federal level. >> sandra: okay, we shall see. john bussey from "the wall street journal," we appreciate your time this morning. >> ed: a fox news alert, attorney general william barr revealing brand-new details about john durham's investigation, calling seen so far troubling. >> this does not involve looking at president obama and vice president biden. i think the people

fauci, doctor redfield of the cdc and our attorney general doctor gerard of the u.s.ublic health service and doctor hahn. we will make a series of presentations to update the american people on the status of the coronavirus pandemic. in the country and be able to take questions. but we very much appreciate the attendance of all who are here and all of you who have made time to tune in. as we reported today, we have now more than 205,000 mark is under contract to the coronavirus. sadly we have lost more than 126,00126,000 of our countrymeno this disease. i speak for the president and for every american when we express our sympathies and deepest condolences to all the family 12 lost loved ones. despite those losses, since the end of our 45 days to slow the spread in the beginning of efforts to open up america, thanks to the cooperation of the american people, the efforts of governors and state health officials and efforts i want to probably say of the entire federal team under the leadership of president trump, we have made marco progress in moving our nation forward. a

we talked about this earlier and yesterday with gerard cassidy, remember.al bank is capping banks' difficul dividends and sg buybacks for the third quarter, aimed at keeping the banking system strong through the covid-19 pandemic. allie what's your take on what took place yesterday in terms of the stress tests, all of the banks are said to be healthy and they should be, they've got enough capital on the balance sheet but of course the dividends and the limitations on buybacks is something to look at. allie: this is a sort of glass half full, glass half empty in a way, depends on how you look at it. the way the market looked at it yesterday was that the majority passed. now, what they were looking for was different scenario analysis, just like all the banks are doing it. there's one thing if we have a v recovery, right. but in the case that we don't, that we have a prolonged l or a u or a w, where does that leave the banks, trying to use the information and the forward prescription that they learned during the financial crisis. so yes, the good news is they

admiral gerard stepped down from his role leading testing efforts without being replaced, donald trump is calling for less testing even though we don't have anything close to the testing and tracing capacity we need to safely reopen our community. it is not just officials in the white house sticking their heads in the sand. leader mcconnell and some republicans suggested there is less urgency to take further actions gaining 2 and a half million jobs after losing 20 million jobs. i can tell you younger students that math doesn't add up. i hope we don't just spend our time talking about how to avoid mistakes in the next pandemic but instead address the mistake this administration is still making during this one and the ones they are at risk of repeating as the response to covid-19 continues. one what lesson we've learned is this crisis is no great equalizer but a course that perpetuates and deepens the injustices that black communities, tribal communities, people with disabilities and so many other states. we've known for decades the healthcare system treats some communities much worse t

gerard bush last filmmaker and partner they are releasing a movie this summer called antebellum.nsibility as someone with platform to be investing more and talking about hiring more black creators and making sure he's highlighting back contributions to the industry. cheryl: like they are known as lady a. i happened to like country music. i love this story. it is a finale being debated to this day. 2019 interview that resurfaced sopranos creator could put end of the shows, final moment as the death scene, now a lot of fans, lou, tony didn't die and i kind of didn't want to know but i kind of we do. >> i love meatball and sopranos. i don't know if david was auditions, he contemplated this 2 years in advance. he tried to walk it out but that one is out of the bag. cheryl: his partner was you realized what you just did, buddy. hole in one, pga officially returned yesterday, one golfer got right into it in the opening round of charles schwab challenge. hole in 1, second one in his career, tough to do jon hilsenrath. jon: you know, it's great news for me as a sports junky to see, you k

i wanted to admiral gerard one question. >> yes, ma'am. >> thank you.despite some of the limited data, we do know that covid-19 is infecting and killing black, latino, and native american people at a much higher rate than white people. how is hhs going to reduce its response in communities of color? specifically, can you commit to directing some of the $14 billion in unspent funds congress provided to address those disparities? >> let me answer two parts of the question. first, really appreciate your suppo support, we've tried to focus our testing into high social vulnerability communities. 70% of our over 600 pharmacy sites are in high svi communities. that means racial and ethnic mightie mighties, language disparities, socioeconomic. we made a major push that the federally qualified health centers that take care of one out of three of those in poverty, over 1300 of those are offering testing. of course, we're super excited to award to morehouse school of medicine last week that has a large ecoalition to reach minorities and underserved. that's what we