-- and looking for the guys. little by little, we did. it took a long time, maybe eight or ten of them being harvard graduates, they had a lot of letters after their names, and they had high profile jobs. so we googled them, and they came right up. others were more difficult. and then, sadly, we did learn that four of the men had died before we even started the project. but then we went and looked for their widows and their children and friends, and, you know, started to amass enough probably data for a 2,000-page book. and the years went by. but we did, yes, gather some great life stories. and, of course, everybody always asks us, i bet you had some surprises along the way. oh, yeah. kent's going to tell you about a couple. >> yeah. i mean, the challenge actually in doing the video expect challenge in writing the book -- and the challenge in writing the book is that there have been so many characters, you know, having to deal with 18 entities. but i'll tell you about four of them that were really surprises to me

lemonis: hey, guys.ow many times she puts lip gloss on throughout the entire episode. amber: she wants to look pretty for you. lemonis: keep going. amber: [ chuckles ] tom #2: you guys said you had roughly $100,000 worth of inventory on hand. you'd be lucky if you got $20,000 on hand right now. lemonis: this is a good example of when you're not present in your business, and then when you don't have that process in place, you can't track this. nancy: i'm just kind of feeling like you're kind of beating up on us on, you know, the worst inventory, this and that. i, myself, feel that we've been quite successful with what we've done. lemonis: it sounds to me like you're not open to systems. nancy: no, i'm open to systems, but -- lemonis: because every time i turn around, you're telling me how i'm putting something in place to make the business better isn't a good idea. nancy: no! i have not said that one bit. lemonis: but i'm feeling that. i have to tell you that i'm sensing -- nancy: it's just like we're sti

good job, guys. thank you. appreciate it. >> have a good day. >> thank you. you, too. good job, guys. thanks. >>> we're featuring american history tv programs this week as a preview of what's available every weekend on c-span 3. for our final lectures in history night we swing through the south starting in atlanta at emory university. professor carol anderson discusses efforts in the early 1960s to register african-american voters in mississippi. american history tv tonight at 8:00 eastern on c-span 3. >> follow the federal response to the coronavirus outbreak at c-span.org/coronavirus. watch congress, white house briefings, and updates from governors. track the spread throughout the u.s. and the world with interactive maps. watch on demand any time unfiltered at c-span.org/coronavirus. >> up next a comparison of the american and british forces during the revolutionary war. baylor university professor julie anne sweet compares the advantages and disadvantages of each during this hour 10 minute class.

ismael: thank you, guys. make your mom the showcase of it all, i can't understand it. we've talked about it. what is it that didn't make it the big front-and-center thing? trevor: i really feel like too much of that, i don't... for this board, i'm not gonna put pictures of me and my mom on there. this is not who i want flex to be. amber: can you tell me why a customer would, like, crave a clear story? lemonis: a customer wants a clear story so they understand how to connect to it. and people like to buy from people or connect to a cause. and if we look at how the millennial trend is moving, they want to buy from small companies with a story. travis: like the autism watch, for instance, it's like all people who have identified as someone with an interest in autism, because they like an autism page, or they follow an autism group. right? amber: right. travis: so, that's how we find our customers. lemonis: you have a flex watch on? amber: i do. what charity is it going to? travis: that's the anti-bullying one. a

it's amazing to be around these real guys and. scott wolf just cracked me up. because the character it's kind of like. i would say. it's a good thing. you know wrong so there's some stuff that would be yeah but it's not dismemberment in the trunk goodfellas you know there's actually no no there's there's no trying to think there's any bloody appendages or anything you know and james battista the fellow that i play we did have a conversation late in the making of this film so i was already done with my actor stuff like ok i think i think i'm sounding like him and watching all the things and i'm like marty doing it then he gets in touch with me because he hears it's your it's going all right so you want to talk to me and it was kind of like. i don't believe. i have to think it is. only on a screw that not you're not going to get in trouble say any of this stuff but there was a little bit of a concern that it wasn't too over the top but i think i found out from him that it was nice it was that on the level thing as far as the violenc

lemonis: okay, guys. been told that we have the first draft of the new company logo. juli: these are the two that we landed on. lemonis: i would go with this. taylor: don't love it, but pick and choose our battles, and it's not a battle we want to fight. travis: i think what was more important to them was associating it with you. taylor: i like the name marcus lemonis in it. juli: their main thing was they wanted marcus lemonis on it. lemonis: i don't want it just to take on my personality. i want it to take on your personality. taylor: and it will. yeah. lemonis: it doesn't seem centered on the glass. there you go. i also want taylor and parker to get started on our first line of revenue, and that's driving sales for the original five products. so i've tasked them to come up with a campaign for flex watches. what's the business objective? taylor: the business objective is to show that if you buy this watch, you'll be supporting -- how much is it? clean water? is it you're supporting a kid for a day or --

guy: good morning. guy in london.a softening when it comes to narrowbody's, secondhand narrowbody's at the moment, in terms of pricing? are they softening now? how manyun-allocated aircraft ash how many -- how many un- allocated aircraft you have on your books right now? there are continued delays on new aircraft deliveries. that market remains pretty firm. strong demand in south america and north america in particular. it really depends how long the virus goes on to the consequence for demand. with respect to our own portfolio, we are almost 100% safe at the back end of next year. we still have a number of unplaced maxes, but that number is on hold until hopefully the aircraft returns to the skies later in the summer. to behere is going consolidation in china amongst the airlines. how do you see it unfolding? domhnal: there are four major carriers. there was speculation in the media last week that they were going to get consumed. vonnie: and full disclosure, hna owns avolon. domhnal: they own a part of avolon, but we

i like these guys." if all the models that you guys make were standard units, how much quicker would the production process be? mason: significantly. brian: yeah. lemonis: double the output? mason: i would say so. brian: yeah. lemonis: how you doing, sir? austin: i'm austin baker. lemonis: hey, austin. austin: production manager out here. lemonis: so are you in charge of the floor? austin: yes, sir. lemonis: you want to give me a little tour, just you and i? austin: please. so i'm gonna show you the two types of trailers that we build on. we are fabricating our frames right here. we're building them. lemonis: you're not even buying them? austin: we're building them. john: yeah, this is crazy. austin: everything we can do, we do in-house. we are so jammed, and it's unnecessary. the word "custom" is sexy, and it sells. lemonis: it also does one other "s." austin: ruins us. lemonis: slows things down. john: see, i mean -- can i be honest? we're big proponents of what we do is really personalizing the space.

guy: pretty close.id check in the markets last night and saw it got to 1.03 something in my tweet that i wrote in response did go along the lines of good grief. 1% is a level we have never been below. it is startling to happen that way, given that we actually have improvement ism's and manufacturing numbers in the euro zone and a number still above 50 here in the states. testimony toly a how worried people are about what has happened with the coronavirus. i would assume, since we are going to have more tests of that 1% level and it will be quite difficult to go through 1%, this has nothing to do with how that rate should be or anything like that. it is purely about trade psychology and the gains trade has played. it takes a lot of conviction to really say that you are prepared to lend money to the u.s. government for 10 years and get less than 1% in return for it. vonnie: writes, how funny that it is something the coronavirus would put us into -- right, how funny that it is something like the coronaviru

guy: two quick points. joe biden struck exactly the right tone in his speech inviting sanders folks into the fold, not calling on bernie sanders to call out of the race, not canceling the debates. i'm confident that the campaign understands the challenge in that regard. i think we will see them not adopt all, but some of the policy positions and approaches the sanders campaign has made. when people in 2008 were making the same type of argument about the hillary supporters that were never going to support barack obama because of the divisive primary. at the same time, i think we need to give this process a chance to play out and get through to the other side of the primary. i'm optimistic we will have a unified party going into the general. inwe remember what happened 2004. hearing joe biden's too old, he may be suffering from early stages of alzheimer's, dementia, how do you respond to that? guy: i think this is a tried tactic of donald trump. when hillary clinton called him a puppet of the russian regime,

guy: ok, tobias. of that is taken on board, but the big question i think a lot of people are grappling with is are we had a much bigger turning point. regardless of the policy action, is the bull market over? tobias: it depends on how you define it. traditionally when we talk about the bull market, we talk about a secular bull. are we seeing a cyclical downturn in the secular bull, or seeing much more secular? one of the things we talked about before, and we were showing this to people in january, is historically, that has not been a great signal for long, extended bull markets. i would suggest that potentially suggests it is overcome a but there's more to it. economic downturns occur. it's normal. but as i said earlier, i've been on wall street for over 30 years, and i've never been not allowed to travel anywhere. vonnie: on the other things, is there enough urgency? we had the treasury secretary saying he's hosting a g7 call, but we are talking about incremental news. maybe $200 billion of liquidity

guy: from london, i'm guy. welcome to "bloomberg markets." a very interesting turn of events given yesterday's plunge. the 10 year yield at 64 basis points. some selling in treasuries. at one of 4.46. crude -- at 104.46. at $33.50.till only guy: we had the stoxx 600 high on every 19th. -- on february 19. take a look at the banking sector, take a look at the mining sector, take a look at what is happening with the oil sector. these sectors are down by circa 30% since those highs were hit. brent crude bouncing back today, up by nearly 8%, after saudi makes it very clear they intend to pump a lot of oil during the month of april. this oil price war is not going to go away in a hurry. the german 10 year yield, we are selling off today. we are 10 basis points higher. in italy, 12 basis points lower. the spread tightening up a little bit, but nevertheless, italy has been on offer for the last couple of days. maybe some fiscal action helping the story out a little bit. nevertheless, we have a big call between eu leaders. we will have to wait and see

you're the go-to guys. if something happens, if there's some disorder or uprising among farmers or with some sort of enemy or the indians arrive, these are the guys you call and they grab their guns and go. local defense force is their important part. okay. it's either your local town, usual local county. we're divided mostly into counties as far as our colonies are concerned is the thing. so however, long-term we've got problems with these guys. what are challenges you run into with militia. >> as soon as it's farming time they want to go home and take care of their farms. >> yes. they have self-interest. that comes first. whether they farm, whether it's family, whether it's their business, that sort of thing. again, we shouldn't dis on them for that. it's a voluntary type of thing. they aren't required to be there necessarily for longer terms. harvest time is the biggest time to lose them. other problems? >> discipline compared to regular soldiers. >> yeah. okay. these guys pretty much do whatever they wa

guy: from london, i'm guy johnson. this is "bloomberg markets." the primary response to this challenge will come from our health color providers and policy experts, economic policymakers must do what we can to ease hardship caused by disruptions to the economy and to support a swift return to normal. alix: for more, we are joined by michael mckee, bloomberg international economics and policy correspondent. what do markets like the least out of this? michael: it is hard to know. commodities and equities are not happy. bonds may be liking what the fed did. the problem we had, just talking with greg peters over at pgim, it was getting hard to trade treasuries. we are may be seeing loosening of that because treasury yields came down, as we would expect with a fed cut, but they didn't touch the lows of last week. they are maintaining well above it. 30 years were at 69 basis points last week. 137.hey are at we are seeing some recovery perhaps in the treasury market, and that is good news. alix: but a lot of criticism has been the fact they didn't addres

these guys are showing up. the weird part at first is that as all these reinforcements arrive, they just deploy along the bluff. the 15th massachusetts is out three-fourths of the mile. they're doing the fighting. the other union troops who can hear the shooting simply stay on the bluff. the senior guy, the closest thing to a commander is colonel lee of the 20th massachusetts. he is asked later why didn't you go out to support of your -- the other union troops? i didn't have any orders to do that. come on, man. you are a colonel. it's okay for you to make these -- march to the sound of the guns, if nothing else. i didn't have any orders. he just was -- he was not a soldier. he had attended west point in the 1820s. he was a railroad guy for much of his career. you have this situation. finally, devons with his 15th mass who has been fighting the skirmishes falls back. he knows there's other union troops at the bluff. they will hang on there. as you see, this is all very confused. the leadership is not precise, it

guy johnson is with us. there is a really dramatic photo of a helicopter dropping down on a cruise ship. what is the mood in the london weekend? guy: the mood is everyone is trying to figure who has what. we don't have enough test kits. knowledge as to wether or not this is spreading quickly, slowly, how we people have it. it does not exist right now. tom: i believe it would be called unknown-unknown. screens tothree data start things off. with our first word news, here is viviana hurtado. viviana: we begin with the coronavirus. almost 100,000 coronavirus cases have been diagnosed globally. the majority in china. beijing reporting the number of new cases and deaths are falling. the u.s. outbreak is getting larger. there have been more than 130 cases reported and at least 11 desperate there is a key to wether the central banks cut rates again. this from robert kaplan. he is looking at how fast the u.s., he tells bloomberg it is too soon to forecast what will happen at the fed meeting later this month. today,

guy: i'm guy johnson. this is the european close on bloomberg markets. leaders meeting via conference on monday to discuss a coordinated global response to the coronavirus out right. in the meantime, we've been getting a grip of headlines from central banks and governments. for the latest, let's bring in michael mckee. in london, we have our reporter. mike, and 42 minutes time, we will get today's federal reserve operations. will this buying help the markets any? mike: we are getting some results from these auctions going on all day. we will have to see its impact on the market but the fed move that it's fire across the curve today. buying from less than a year, basically out to 30 years. they are buying everything today. we will see if that unfreeze is leme of the unsellab treasuries that people are dealing with now. guy: let's talk about coordination. presidentar from the later on, european commission today, angela merkel has been talking about economic response, the spanish have been doing the same, we are here from justin trudeau. everybody is doing

free market guy.hink that the best way probably cash injection or some way to get the airlines resources. know governor do great airlines.g in some countries you could see some nationalizations. in the u.s. you'll see cash. have to remember that some of the actions we're taking to prevent the spread of the been put on they've by the government try to protect health. the airlines have been hammered as the fearell contracting on the airplane. you can see where the government thed want to bail out airlines out. seen that ine have the united states. number of carriers coming down to just the big four or five. this going to accelerate that process here in europe? consolidators looking and air france. how quickly do you think this could happen? how much shorter in that consolidation time frame could look like? >> i think capacity needs to come out the marketplace. the smaller european carries coming out. cost carriers like ryan air have pretty good here.e sheets they could be well positioned to survive. see

just do it guys. you're the best >> jimmy: you're the best, buddy, i'll talk to you soon >> i love everything you're doing. i'll talk to you soon. thank you so much. >> jimmy: thanks, buddy. the corner of my eye. just a blur when they jumped the median. there was nothing i could do. (daughter) daddy! (dad vo) she's safe because of our first outback. and our new one's even safer. that's why we'll always drive a subaru. (avo) welcome to the all-new 2020 subaru outback. the safest outback ever. go where love takes you. for ralphie's appointment. who's his groomer? carrie. full groom for sure what? i just booked ralphie's appointment online. that work? wait you what? it's that easy! download the app or book online at petsmart.com it's so cheesy, you'll need a pick up line to go with it. like, "did it hurt... when all that cheese fell from heaven and landed on you?" it's not delivery. it's digiorno. now with more cheese. and holographic-mapping drones. impressive. there is one more thing. ah...jake from st

i just needed a hermit guy. there was a scene where there was a character running through the swamp in florida. i needed an exchange with the hermit guy. and i i wanted him to have some back story. i thought, what -- who would be loving out here in the middle of -- living out here in the middle of to where? the other thing about it was he lived off roadkill. [laughter] yeah. but i clipped a story about a pennsylvania state trooper, swear to god, who he was -- he called him officer roadkill. he had a stand-in freezer like a burger king sized freezer, and whenever there was roadkill, a deer, possum, raccoon, he'd come in his squad car, take it back, skin it out and hang it in his freezer. i thought, there's a hobby you don't hear about every day. [laughter] and i wanted to give that to one of my characters. so i, so i said i know he's a hermit guy and he lives off roadkill. we've got tons of roadkill in florida. but what would his back story be? he's only got to be around for one or two chapters. and i thought you

this is bloomberg. ♪ ♪ ♪ guy: from london, i'm guy johnson.w york, i'm vonnie quinn. this is "bloomberg markets." this job reports, the bloomberg dollar index below 96. it did show the biggest increase in two years before the coronavirus threatened to unravel that strength. bloombergs renita young has i recap and talk about which industry may get it first. latest data does not reflect that the coronavirus is already leading americans to cut back on leisure and business travel, and air transportation may be one of the first industries to see virus job losses. external shocks have hit the industry hard before. air transportation payrolls climbed sharply after the september 11 attacks and the sars outbreak. according to the international airtran sport association, the coronavirus out rake could cost global airlines up to $113 billion in lost passenger revenue this year. overall, airlines could see revenues dropped 19% from last year, i financial impact equivalent to with the aviation industry experienced during the global financial crisis. airlin

guy: from london, i'm guy johnson. welcome to "bloomberg markets." what a day. vonnie: absolutely. we've already seen circuit breakers triggered. let's get straight to the markets because almost every market was closed for about 15 minutes. we have resumed trading in the united states, but we are still down about 6%. banks and energy companies leading. the tenure u.s. yield back up to 50 basis points. it was below that all morning. nymex crude down about 20%. as you know, saudi and russia in a bit of a war here. $33.22 is the price. the dollar and oil currencies are mostly trading with big ranges right now. let's get to our second board to see more action. you could look anywhere today and see a lot of action. high-yield, that circuit breaker was triggered as well. we are down about 5% right now. dollar-yen at $1.0240. all of thelooking at markets throughout the next hour. guy: the best way of doing that is to take a look at the gmm, the function on your bloomberg which will give you an idea of what is happening around the world. the brazilian markets halted, limit down. the ftse i

interesting guy. actually had creek relations, became governor of georgia, was eager to acquire the lands of the cherokee nation and set about to find a legal way that he could do so. and he found it, thanks to john marshall and the supreme court. and an 1823 decision, second marshall court decision dealing with native land rights. the first deal, and civilly with native land rights. the case rose from a late colonial era land speculation. that was, frankly illegal under british law. but involved the acquisition of millions of acres of land in but would become indiana and illinois. and the land speculators would push for recognition of title for 50 years. the purchases were in 1773 and 1775. and eventually they would get before the supreme court and what the supreme court did in that case was to hold the purchases invalid on the grounds that the tribes didn't own their own land. and this was the point at which, in 1823, the federal government does adopt a rule about indian occupancy rights being the l

lemonis: congratulations, guys. get your ass to work. ♪ what's happening, guys?us! lemonis: one of the things that i thought we could talk about is what the plan and the process are gonna be. we're gonna rebuild a brand using social media, using packaging, using product development. my biggest concern is, i don't know what your story is today. we probably need to go back and make a brand-new generation-one watch. and it needs to be something different and proprietary that nobody else can get to. we're no longer gonna downplay the fact that this company has a mission. in fact, we're gonna amp it up. we're gonna get back to the 10 colors and the 10 charities, and then we're gonna add some things that make it even more unique. all right. let's go to work, guys. trevor: beautiful. ♪ karlo: hello, guys. welcome to shiekh. lemonis: how are you?! karlo: how you doing? lemonis: i'm marcus. karlo: my name is karlo. nice to meet you, marcus. lemonis: are you the manager here? karlo: yes, sir. i'm the store manager. lemonis: one of the things that the guys need to think abo

guy: from london, i'm guy johnson. welcome to "bloomberg markets." vonnie: u.s. factory orders, this is january data, but they are down 0.5%. economists were looking for that to be down just 0.1%. ex-transportation, they were down 0.1%. definitely deterioration for factory orders. durable goods orders coming in right on the nose of economist estimates. the final number for january suggest down 0.2% on the headline. again, this was all january data. let's check on markets and the u.s. more broadly. it is pretty miserable out there , and it is miserable all over. just about four stocks in the s&p higher right now. all of the sectors are lower. one of those stocks is newmont mining because gold is higher as a safe haven, up 1.3% now, well above the $1600 an ounce ma rk. clearly an ominous environment right now. earlier this week, we had swings day,.2% and plus 1% in one so it is not unusual to see these swings today. the other assets i wanted to point to, dollar-yen. we are seeking -- we are seeing a weaker dollar. very interesting move in the currencies, and obviou

nice meeting you guys.ne: bye, marcus. ♪ lemonis: while the whole crew is busy making all the parts and pieces that i asked for, i asked bre and lacey to put a presentation together to help me better understand the van life and their community. i think we should just work here every day. breanne: i know. welcome to the board room. lemonis: how are you? i'm intrigued by their ability to educate me and bring that community and connect it to my business. so, when you describe a person who lives the van lifestyle, can you give me some statistics about them? breanne: so, they have four-year degrees. they're generally around the age of 28 to 35. lemonis: okay. breanne: they are generally leaving a job that is close to six figures. lemonis: how many van-lifers are there in america? breanne: there's a million people living full-time right now. and just to give you a little bit of information on the vanlife app, currently there's a freemium model. we have about 500 premium subscribers. you pay $4 a month to be able

guy: exactly. -- vonnie: exactly.hose jobless claims did serve four times the previous record, at 3.2 8 million. business is laying off workers so they can apply for unemployment assistant, so it is all part of this coronavirus story, and the human toll is getting worse day by day. to analyze, let's bring in bloomberg international economics and policy correspondent michael mckee. it is almost we .3 million. what do we read from these numbers? michael: that the economy was going on at a very fast clip and suddenly ran into a brick wall. that is a different kind of situation that we have ever seen before. go back and look at that truck that you were just showing. on the far left side, 1982 was the previous record for the largest jobless claims filing in one week in history, and that was 690 5000. this is four times that amount, and we are probably not done. we will see a similar number next week because they couldn't process all of the claims they got this week, plus more people will be going on unemployment. we are go

and i start going off with this guy and next thing you know this guy is having these giant parties thatmost famous children in hollywood. that's who would go to his private parties at his house. and these kids were getting molested at this house. so, you know,. jesse: is this guy -- >> -- that's one piece of the puzzle. he is still alive. he is still on the streets. he's not in jail. he's still out there. it turned out that the guy who was supposedly his father wasn't his father at all but was his gay lover. so that just goes to show you how twisted the whole situation was. kids should have never been in that home. jesse: are you going to go to the police about this once this documentary drops. >> oh, no. i went to the police back in 1993. jesse: and what happened? >> back in 1993. well, what happened was they were investigating michael jackson at the time. it was the first santa barbara investigation and they came to me and we said we think your friend is a pedophile. this is why. and i said well, i'm sorry that you guys think that but i don't have that experience with him, but i have

lemonis: you're my guy. travis: ...by the staff... lemonis: you're my guy.ly earned my trust, but you have earned my respect. and you don't work for farrell's, you're my partner at farrell's. you are not an employee. this is your business, your family's business with me, and don't you ever forget that this is your business. travis: thank you. ♪ lemonis: now, didn't the stadium used to be on the other side of town? allison: yes. lemonis: now that our concept in california is done and running really well, i want to expand into the southeast. gary: gary lewis. nice to meet you. lemonis: what would this place look like on a friday night? gary: game day it's mobbed. there's people coming in really from all directions. lemonis: today i brought the team to the atlanta braves stadium where we're opening up a new sweet pete's and farrell's concept. ball games, concerts, public events, friday nights, saturday nights, bars, restaurants, the expectations i have on this location are $8 million to $10 million a year. allison: that's going to be the stairwell. it's a grand

, like it really rough guy -- ♪ just can't get enough guy, chest always so puffed guy. ♪ i'm that bad central and eastern north carolina. we're here on the front lines making sure that the most vulnerable populations are continuing to get served. >> national guard are packing emergency boxes, bags for kids who are in need of assistance, they're making deliveries. it's really been incredible. >> you know, we're going through some hard times right now, i just want you to know the trucking industry has your back. >> with the current situation we're in, it's not going to stop us. >> we've got plenty of product out there, and we've got plenty of truck drivers out there. give us time to get caught up. >> we couldn't do it without our teams. i want to send a special message to all of our team out there. say hi, everyone. >> everything they need, everything they bought showed up on one of these trucks. we've got to be thankful for the everyday heroes. behind the scenes -- >> hello, everyone. i'm thinking about you and your families, and we want you to know this virus, covid-19, is serious. it

guy: from london, i'm guy johnson. this is "bloomberg markets." alix: the dollar spot index continues to grind higher. equities like ford rolling over because they are suspending their dividend, cutting their capex. money flowing into the back end of the treasury curve now, down by eight basis points. terrible initial jobless claims in the u.s. and contraction in philly fed data. guy: over in europe, we have seen the ecb pulling out the big zucca. , the 750g bazooka billion euro buying program. had a meaningful impact earlier on in the session. and italy. greece you can see that at the bottom of the screen. 54 basis points for the ecb. significantly as well today, we have seen the fed extending the swap lines. i think this is really important because this dollar squeeze is right at the center of the market turmoil we are seeing at the moment, so we see had extended to countries like norway. maybe not much of a movement today, but that is still up -- or down by 1.7% versus the u.s. dollar. fall, buttinue to 0.5% given the scale of some of the moves

hey, guys.> how are you? so i brought in a contractor, and we're gonna start making changes immediately. the sooner we have a new layout, the closer we'll be to making money. i need to figure out how to change the look and feel of the place. it doesn't feel inviting. >> is there anything that you really want to keep? i'd like to keep the exterior walls. >> [laughs] okay. >> this is the kitchen. >> oh, wow. >> so ideally, i'd like to go that way. >> okay. >> in here, i really want to have this bar jut out into the middle of the store so that when i come in the front door, i'm seeing a really nice bar all the way around. so i'd like to get started tomorrow. >> okay. >> we're all getting ready for one last night of business before this place gets a major overhaul, and we're not telling anybody our plans yet. >> marcus, the mayor was in here tonight. i told her that i thought there was gonna be some changes and that-- [people cheering] she asked about what those changes were. i said there was gonna

guy? guy: long food, short travel seems to be the trend in europe.ike you in the united states, we are off our lows in your. we did not get the squeeze friday. the stoxx 600 is still down. every single sector is negative territory. health care, food and beverage, and basic resources, where we are seeing the least losses. insurance, travel and leisure, construction are the biggest losses, another big selloff in the btp market in italy and we begin to see volatility pushing ever higher. we are off our lows on the day but european volatility shows no sign of letting up on the outside. let's get back into one of the big stories we've been covering over the last hour. proposed,an union has this coming from the european union commission president, a temporary restriction on nonessential travel to the european union for 30 days. she informed g7 leaders of the band during a conference call earlier today. let's get the latest on this with maria tadeo from brussels. a couple of things occurring. why is it taking so long for this to happen and is it response to

from new york and london, this is bloomberg. ♪ guy: from london, i'm guy johnson.nie: from new york, i'm vonnie quinn. this is "the european close" on bloomberg markets. guy: european banks are seeking virus relief in a series of demands they are making to eurozone regulators. let's get some color on the story with bloomberg's financial reporter. what are the banks asking for? nick: i cannot remember a list this long and quite some time. it is extensive. they are asking for relief on the liquidity front good to run down liquidity reserves without being penalized. they are asking for relief on the capital front to ignore some of the findings. changes toasking for how to define what a loan is. this is quite extensive. it speaks to the fact that the the banks see a lot of damage coming their way because of the economy, or if you want to be cynical, they see this as an incredible lobbying opportunity. vonnie: the banks have been rising. this is obviously good for the banks if they get it. is this a case of using the coronavirus as cover for something they want anyway?

guy: good morning.supportive over the last for years because investors believe in the fed put. is the fed put still active? is the fed put going to work? howard: this is a great question. first of all the emergency rate cut that the fed had 50 basis points, that was like throwing a hail mary on the opening drive of a football game. why do that now? if this is the bottom of the first inning, why do that now? me, the fed message was a bit of a panic and of course we all know that the day the fed cut, as the fed was speaking the market collapsed. i would have held off on that. --y know more about that us they more of -- they know more about this than i do. it may be important to have that ammunition further down the road . here we are not even a week since the fed cut. the market is already pricing in two more cuts. another thing which i failed to mention, the fed cut a bit -- of a couple hours after trump was berating the fed for not cutting and i don't like the optics of that, whether they truly needed t

the six guys did and they split three ways. the two guys on the right -- let me back up. said,o guys on the left wort is right. they are a foreign state and we can go ahead and hear this case. the two guys on the right, henry baldwin and william johnson, said no, it is neither foreign nor estate. -- a state. johnson said if we admit these guys to be a foreign state, and every tribe has a foreign state and we are going to become an indian law court. every tribe is going to sue. it may have been not concerned with caseload that motivated him. baldwin was a jackson appointee. he did not believe in any of this. he did not think much of tribes. marshall and john mclean came up with a third path. marshall ends up writing an opinion which he calls the opinion of the court. although it is really only joined by himself and one other guy. is, theshall says cherokee nation are a state, but they are not a foreign state. there is something different. they are a domestic dependent state. he used the phrase mystic dependent nation. -- they areike this not entirely freestanding. their re

guy? guy: let's get another voice on exactly that subject. the global economy absolutely frozen and the wto is warning the viral shut down will generate an effect way worse than the 2008 financial crisis. joining us with insight into the severity of the situation is the director general of the wto. director general, you have laid out pretty grim expectations for global trade. the world economy is on life support. how badly is global trade being affected and how quickly could it bounceback. >> we are not saying those things for fun. all of the independent studies and preliminary projections we have seen so far indicate we will look at a downturn, an economic downturn and impact worserade than 2008-2009 crisis. may be at the same order of magnitude, may be much larger. news.is good from very different 2008-2009 in very different from the great depression of the 1930's. those crises were about the fundamentals of the economy. wherering from a crisis you have to reorganize the economy, when yo

what are these guys doing. >> then the doors open, here comes two guys? >> yeah.car carrying black bags. >> two guys started to sprint. >> stop. >> crossed the concrete barrier like an olympic track runner and sprinting through the wooded area. >> jump and run. jump and run i-40. >> north carolina troopers decided not to give the men chase, not until reinforcements could come up. adam called his fiance. >> i was like, babe, you won't believe what just happened. she's like, no way, are you serious? couldn't believe t. sounded like a movie scene. >> that should have been it. a crazy tale to tell the grandkids at thanksgiving hence. that's where it took a left turn into the twilight zone. adam's fiance called her dad. >> i received a call from my oldest daughter who told me basically you're not going to believe what happened with adam and immediately i thought there was a problem en route to his job interview. my future son-in-law has missed up a job interview. >> let me ask you an interesting biographical detail. you are not only his father-in-law, you're what? >> a

he'd suss out these guys. he's the ideal person to check him out because he is a native german speaker. he invites schmidt to a meeting and this happens to be set up in the proper le carre fashion. there will be a letter waiting for him telling him where to go. all of the other meetings are set up with unsigned, anonymous postcards with coded information about where he can find information about where documents have been dropped. le carre didn't make it up. he just looked at the handbook. eventually, we get to the stage where rex has met schmidt and checked him out. he has documents. rex is not the expert on whether documents are the real thing or not. and that would be captain bertrand on the right, the head of french military intelligence. section d consists of captain bertrand. [laughter] but that is fine because captain bertrand's job is to buy and sell foreign codebooks because the french cipher bureau, the decoding guys, the decrypt analysts have all retired. they were really good in world war i, but the