so he builds -- gives these guys, all of them, army guys, give these guys a tremendous sense of self-worth, they are given diplomas. marshall himself would write letters of recommendation for these men. so when world war ii breaks out, these guys are in good shape because they have been fixed up physically, they have been educated because the camps had education, they become the backbone of the army. they become the noncommissioned officers, the sergeants and a vast, wast number of them go into the military as a noncommissioned officer. they understand drilling, they understand discipline, they understand nutrition, they understand brushing your teeth, another huge cohort of former ccc guys go into industry and they go into industry because of their experience, they do not go as sort of common people on assembly lines. they can go in as foreman. a lot of them end up as foreman in the aircraft industry. it is this great moment in american history where you create a social system which had huge numbers of people out of the lowest line of poverty. a lot of the men in the ccc were required to

guy: from london, i'm guy johnson. we are counting you down to the european close here on "bloomberg markets." it is labor day in the united states. as a result, we are not seeing the normal level of trading. however, looks like we will see a soft open for the nasdaq. at the moment, european equities are very much on the front foot, near session highs. every sector is in positive territory. in terms of the number of stocks 5 hundredstock 600, 42, verses 57 that are down -- 542, versus 57 that are down. bitcoin softer as well. i could be a useful indicator. in the currency markets, the pound is down today, and the ruble is under pressure. angela merkel, the german chancellor, appears to be leaking nord stream 2 with the poisoning of alexey navalny. some suggesting that maybe we could see that project halted or not used, but currently the link between the two providing some consternation in moscow. the u.k. is preparing for brexit talks to fail and planning new legislation to potentially override parts of the withdrawal

he is a great guy and he is a brilliant guy. he has been great.upreme court, we have two supreme court justices. we will have at the end of my term approximately 300 federal judges. [applause] president trump: there is no way i am nine points down. i look at a crowd, whether i have good instinct or not, this is not the crowd of some buddy who is going to finish second to sleepy joe. guy thatcond to a cannot put two sentences together. it is an ideology, it does not matter. i could with that broken piece of wood -- same thing as joe. it is just an ideology. historically, we have the biggest gap in enthusiasm of any campaign they have ever pulled. -- polled. they have no enthusiasm for him. i have tremendous news yes and, as you can tell. enthusiasm tove beat trump. his only enthusiasm is put anybody in there. put anybody in there. todoes have enthusiasm for beat trump. historically, that never wins. when somebody has to rely on winning because of somebody as opposed to because people love you, andle respect sean hannity did something the other nigh

lemonis: what's up, guys?them to really expand their horizons and create new lines and diversify the product offering, they're going to need to have additional resources at their fingertips. so, i'm taking these guys to a cut-and-sew factory. how are you? i'm marcus. robby: sir, how are you? pretty good. nice to meet you. lemonis: nice to meet you. robby: so here we do cutting, pattern making, design, development, production. everything mostly we do is u.s. cotton. lemonis: that's really nice quality. anderson brothers is a manufacturing, design, and sourcing company. and so you have to think about different bodies and different fabrics, being able to live in different brands and different price points. john: okay. lemonis: good, better, best model. mike: yeah. john: gotcha. lemonis: do you have different price point shirts here? can you bring us three levels? robby: sure. this will be one level, which is mass -- mass market. lemonis: why don't you guys work on that? bring things that you think are good, bette

they have guys to cover. they've added some better guys, as you mentioned and they got one of the best pass rushers in the league. not to mention how stout and big they are inside of him. so, i mean, they got issues over there and, i know they ended up 32nd, but i want to say, you go off, like, just stats off the last six games of the year, they're definitely in the upper half and that's what you see on tape. you see a team much better. you look at the last five games of the year and i think they will be a top ten defense. >> you mentioned last year's game at home, it was 16-0 and you called that pinball screen, thr throwback to richie james. the crowd went crazy and the place ignited. you got back into the game. so, we're not going to have that on sunday. we're not going to have any fans there to watch the game at all. you've had some simulations on the practice field, the decibel level and you called it a form of human torture, which i loved that line. so, now that you've had time to wrap it a little bit, y

square jaw, good-looking guy. so i bought rumsfeld them in senate jim. you're from illinois he is in illinois you've got a crewcut he's got a crewcut you guys to get to what know what another. so occasionally send a book to somebody because it struck me something that might interest them. particularly, adam is one of our awful thinkers in congress on both sides of the aisle with national security issues and military matters. he flew in a combat zone so he knows what he's talking about. i guy like rumsfeld who it also served and had been both the youngest and the oldest secretary of defense in american history. split i love you saw this, mr. rumsfeld wrote his most recent book on this years before the white house. after write it, i just finished chris whipple's book, the gatekeeper on the chiefs of staff. of the white house and of course he figures very prominently. i'll interested in having a more thorough view. i have a picture i keep in my office. i knew and campaigned and was a big admirer of his. i think it's a auger fee of him time and chance on ger

this is bloomberg. ♪ guy: live from london, i'm guy johnson, with alix steel in new york. "bloomberg markets." eight months into the global pandemic, and it seems like there will be no quick comeback for the airline sector. baldanza, now, ben former spirit airlines ceo. what thek about industry does next. the notices have gone out. thousands of jobs are at risk. the job protections that went with the c.a.r.e.s. act money expire as of tomorrow. do you think we are going to see huge numbers of involuntary redundancies if congress, if washington does not step up in short order? ben: thank you very much for having me. i think if congress doesn't step of the payrollab protection program, i think you fromsee very large layoffs many major u.s. airlines. every airline has been working with their employee, trying to get voluntary cut acts, maybe stepping back for six months or so, maybe retain their seniority and come back when the demand is back. but to the extent they have not been able to do that, they will either have to furlough or lay people off. others have made agreements w

if you're a guy and a guy and you're good friends, you hold hands.it shows the solidarity between the vietnamese and the chinese. they were as close as lips to teeth. that is the big thing they would always say. by most accounts -- and i kind of agree with that -- the turning point of the vietnam war is a 1968 tet offensive. for reasons we touched upon earlier, hanoi matching the americans man for man and gun for gun, by late 1967 and early 1968, the war is at an impasse. there is no progress. no one can claim that they are close to victory. le duan is not the most patient guy and he is losing patience. he decides to order this huge coordinate offensive against towns and cities in north vietnam. right? up to this point, communist forces have operated primarily in remote jungle rural areas. cities have been spared the horrors of war. le duan figures that by now the americans probably don't expect attacks on cities, so he orders and attack on pretty much every major town and city in southern vietnam. and he decides to enhance the element of surprise. h

for us, we have always been fully supportive of our guys. we felt this before. it is what happened with sterling brown in milwaukee. trieds something we have to really take it seriously and help create meaningful change. for us, it is about supporting our players and letting them know we are always behind them. >> the nba is in a unique position. it is a mostly black leak with mostly white ownership. alex: the way i kind of look at it is, there is right and wrong. these injustices that are happening around the country, it just falls on the side of wrong. ownership, and for the players, i think it is just about creating meaningful change and helping to write some of these wrongs. right some of these wrongs. from my dad all the way down to the organization, dashed down the organization, it has been nothing but support. i think you have seen the nba league take steps others haven't. see from the bible how impactful that is outside the bubble. kind of normalizing and making mainstream, black lives matter. putting the things on the back of your jerseys instead of you

the third guy is this kind of radical intellectual. young guy in his 30s. he's trying to piece together a living by writing and talking and he comes in there and kind of gives the barnburner. he selkds that kind of radical critique. he's older. he's supposedly well-read. he says, yes, this is another war of imperialism. something to grapple with. that was like two hours and then they had more ten more hours of hanging out, talking. they'd broken into small groups, classrooms like this and these things spread. i guess that's what i'm trying to say. who you could bring in varied, did you have an expert, did you have somebody who knew something about vietnam? often know there were no courses in any university in the united states on the history of vietnam. there was no university in the united states that talked the vietnamese language. so you didn't have a lot of in-house experts in the united states on these issues. last, we didn't have many in-house experts in the state department or cia either on vietnam, but that's another can of worms. so it was hard to

these guys, they knew.arly this was something that would have been literally impossible as a commercial tour. they couldn't. even with the state department sponsorship and money, it was almost impossible to get a decent piano in ghana or some place, let alone one that was in tune. the logistical tale on this thing is enormous. so they knew this was something they were never, ever, ever going to get to do and so the first of all, a chance to play, and second of all, they saw this as kind of validation of not only their art form, but also of them as americans, right? you have african-americans who, who for whom jazz had kind of been sidelined as low brow kind of culture, then suddenly, the state department comes and says we want you to be our ambassadors in the world. they say yes, finally, someone gets it. someone appreciates jazz for being great music and a great art form and they appreciate me, an african-american, for being capable of being that face for the united states. in the world. on top of that, th

thanks, guys. all: thank you. ian: all right. lemonis: hi, guys. welcome to opto.ristotle: thank you. lemonis: thinking about the new store space, i wanted to get jeremy and aristotle all of the resources that they would possibly need, so i've taken them to opto, a company that builds floor and wall fixtures for companies to display their product on. so, jeremy, i really want you to explain to jamie your vision of what you see with the space. the layout of the store is specifically jeremy's task, but to be honest, he didn't do so well on the last task, and ultimately, it's aristotle's responsibility to manage the entire process, and so i'm having him here today so that he understands he needs to hold his team accountable. jeremy, really, i want you to design the space, how you're going to lay it out. what are the materials you're going to use? i know you've thought about it a little. jeremy: uh, not too much. lemonis: you haven't thought about how you're going to lay it out? jeremy: no. no. and lamar knows the creative vision. lemonis: we talked about him working o

a guy named paul potter. he's, you know, maybe not the greatest public speaker in the world, but he's the president of the organization. so he gets to give the big speech. and he gets up there, and he kind of gives a very carefully rational, dispassionate -- there's no waving of arms or anything like that, speech. he tries to wrap his head around what the united states is doing in vietnam. and he is sort of speaking almost in counterpoint to johnson's speech that had taken place the month before. and he is sort of publicly struggling. he'd written the speech down. but he's publicly struggling with why is this happening. why is the united states going to start a land and air war in this little country 8,000 miles away in asia? and he kind of comes to this conclusion that he says there's some kind of system in the united states. that's the phrase he uses over and over. there is a system in the united states that creates these wars. it creates these interventions. and he says essentially, i don't know what it is

so you have those guys. and another huge cohort of former ccc guys go into industry and they go into industry because of their experience. they do not go as just common people on assembly lines. end up as foremen in the aircraft industry. it is this great moment in american history where you create a social system which had huge numbers of people out of the lowest kind of poverty. a lot of the men in the ccc were required to send money home to the families so their families did not starve. it basically gave the army a backbone. this is marshall. this helped make the army what it was. we learned so much from these men. of course now people are talking about national service again and a lot of people believe that we could use a new ccc to combat global warming and to help clean up the rest of the cleanup we have to do in the air and water , and reforest. there is a huge need for reforestation and even re-polish some of our recreational facilities. >> i totally agree. that's what i was alluding to earlier, i am

this is for both of you guys. is there palpable excitement in the league about joe biden's candidacy? alex: i think so. i'm not going to presume to talk about who players are thinking about voting for. i haven't really spoken to anyone about individual candidates or anything like that. i will let them make those decisions on who they are going to vote for. i think what they care about is who is going to act on these issues? to me, it is pretty obvious, but i think, again, you're going to see them putting pressure on everyone to say, if you plan on running for office and you want to be an elected official, whether in wisconsin or nationwide, these are issues that are important and that you need to have as a priority if you want our support or anything of that nature. jake: coach, any parting thoughts for us? vin: first of all, thanks for having us on and on behalf of our staff and the players, we want people to have the same level of compassion that we demonstrated earlier in the week. i know the guys want that. we

this is bloomberg. ♪ guy: my from london, i'm guy johnson.his is the european close on "bloomberg markets." let's turn now to the private credit markets. joining us is symon drake-brockman, managing partner at pump capital advisors -- at pemberton capital advisors. how different is the experience in the private met -- the private credit markets to the public credit markets? symon: i think the private markets have held up incredibly well over the last six months, and i think probably similar to the stock markets, you have seen bifurcation in different sectors. the typical food, technology, health care, though sectors have done extremely well. i think probably the big change in the private markets for lenders like ourselves has been that many of the old economy sectors have been ones that we have avoided over the last couple of years, as we have seen technology develop and transform businesses in the new economy, and i think that a lot of capital has been flowing into those new economy sectors or into nondiscretionary spent areas of the market.

thanks, guys.he packaging settled for our best in show line, and the product is now in production. soon, we're going to have another high-margin item that will help us get our overall margins up. ♪ -team's on board. -giovanni: all right. we'll go in the back with tracy. lemonis: now that gio has met with the staff and he's gotten lisa on board, i want to head back to natural pet market and see the negotiation with tracy. but i want to see how they do. giovanni: so, for bentley's, the acquisition is more than a store. it's you and the future that we hope you have with our company. for me, i think, the way the deal stands, the $285,000 number is fair for both of us because i think there's upside for you. and there's upside, but there's also a lot of risk, for us. i mean, what are your thoughts? lisa: after looking at the numbers, i think it's a great deal with you involved with training, doing some videos, and working with us -to help educate our staff. -tracy: yeah. giovanni: but we have the expecta

guys were as motivated as you could get.ved the mission and were as motivated and the brotherhood be created, no different than active duty for sure. pete: graham, how about you? >> for me, like i said, i'm the youngest guy here so finally by the time i got to the point it was right around the time of the surge so when i went to boot camp and all that stuff they were literally training us to head out the door. we all knew that. for me it was less about, i had less of the let's go get them retribution aspect at that point. for me it was more i'm not going to be the guy that doesn't do my part in this thing because i did not want to be a 70, 80 years old and say i did not do anything and i wasn't there. that was my thought process. pete: rob, you basically pulled the trigger on behalf of the nation. [applause] when you think about, unless you did something i don't know about, none of our stuff is in the museum here at the 9/11 museum. >> it did up for them. [laughter] pete: rob, when you reflect on the opportunity to do what y

guy: how do the democrats change that?u think there's anything they can do with this that will allow them to land critical blows on the president, for instance in tonight's debate? how did they manage this story? as you say, it is a surprise. we weren't expecting this news. we thought the audit was still ongoing. how do they turn this into some been useful? if the president simply going to , how do they taxes democrats use that story to provide a different line of attack? lanhee: it has to go to this sort of disconnect between who trump presents himself as, and perhaps who the facts say he is. for example, there has been some conversation about how successful of a businessman was president trump when he was citizen trump. i think that set of issues could be explored, that disconnect between what the reality of his tax returns show and what he claims regarding his career in business. or, for example, a disconnect between somebody who claims to want to drain the swamp, get rid of special interests, but has taken advantage of

guy: from london, i'm guy johnson. alix steel is in new york.t what is happening in the apparel market. lands end beat the highest strong estimates, citing global e-commerce revenue and profit trends, but they are talking about slowing down from here. joining us now is ceo jerome griffith. thank you for joining us today, we appreciate it. why the slowdown? what do you see in the rest of this year that is causing you to be concerned that current trends are not sustainable? jerome: i am not sure that would be accurate. we state cautiously optimistic about the back part of the year. there are things we can't control, if there is going to be a second outbreak of covid that could definitely affect us. we don't understand how the election will affect us, but what we have seen is strong trends online with our global domesticallyth, and internationally. we believe that has a good possibility of continuing for that part of the year. alix: for third-quarter revenue, you were looking for net revenue to decline to low single digits, to flat. from that point

the reality of it is we lost two guys. some of the other guys we're going to get back. team. i know that was our strength last year. we can have a number of good players, that it can be a good part of our team also. fortunately, that's not all we have. we're not just going to pick it up on the b line. >> and he was really outspoken after the game in jersey last week. he tweeted right after the game call, trash. said he was anxious about it. so, what is the mindset of your players to go back on the same playing field and who saw so many of your brothers go down with serious injuries before. and has to do with being brand new. but i mean, all turf is trash, personally. 24% more injuries happen on turf than grass. so, hopefully one day we won't have to plant turf. so, it's -- it is what it is. part of this game, you have to deal with. i know the nfl looked into it again and passed aevrg. everything. so, they feel safe to play on. and it is new. so, the fact it is new, it does take time to break in. i think we're done ninging about the turf. it is what it is. guys have got

lemonis: you're my guy. travis: ...by the staff... lemonis: you're my guy.e not only 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

this is bloomberg. ♪ guy: from london, i am guy johnson, alix steel in new york.k about the housing market, demand for homes in suburban and rural areas surging amidst the pandemic. home in areasy that are just a train ride away from new york like greenwich, connecticut, sales have almost tripled. new york city, pending condo deals down by 38%, according to a report by miller samuel and douglas real estates. --ning us is sanjeev jask sanjiv das with one of the largest mortgage companies in the united states. thanks for your time. people are moving out, away from the urban areas. walk us through the size and scale of the moves we are seeing , and whether it will be sustainable? you, guy, good to see you. there is no question there is a massive jet -- geographic transition. , fore give you a statistic one of the largest purchase lenders in the country. purchase volumes have gone up from february to august by about 72%. hasn average, the industry gone up about 27% but in the midst of covid, it looks like tripled. have there is a massive move from urban to suburban an

we have always been fully supportive of our guys. with whatis before happened with sterling brown in milwaukee. this is something that we as an organization have tried to really take seriously and help create meaningful change. is supporting our plague or -- our players and making sure -- and letting them know we are always behind them. anna: the nba is in a unique position. it is a mostly black league with mostly white ownership. take us through that, particularly in situations like this? alex: the way i kind of look at it is, there is right and wrong. and these injustices that are happening around the country, it just falls on the side of wrong. for us as ownership, and for the players, i think it is just about making sure we are able to create meaningful change, and help right some of these wrongs. from my dad all , the way down the organization, it has been nothing but support. for how the league has handled this, and i think you have seen the nba league take steps others haven't, putting black lives matter on the court. and it i

guys are educating themselves every single day. in the process, playing here and for a championship. we are educating ourselves every day. the emotions are real. guys are taking those raw emotions and that moment they had a few days ago, and now they are educating themselves to see how and what is the best avenue to continue the statement. we don't want to start by just boycotting a basketball game. this is an issue that has been in our country for hundreds of years. it is going to take time, more education, our guys to get involved and really put 10 toes down and understand what we are talking about and what are the changes that we need. we feel like we have the platform, we have the voices and we certainly have the compassion to do it, and our organization is going to back us. we will be there moving forward. alex: i don't know if it is necessarily a fully operational political organization. i think what you will see is issue advocacy. i don't think it is something that we hope is part of it. it is something i think we hope is, l

guy: from london, i am guy johnson. alix steel is in new york. counting you down to the european close. englandro, bank of stepping up preparations for negative rates as threats to the economy continue to mount. regulatory relief, the ecb turning in a transmission mechanism working better while allowing banks to make more loans with less capital. car crunch, european car sales in august falling by 18%, smashing hopes of a market recovery. let's see how it is being factored into the european markets and the global markets and what is happening in the united states, something of a selloff. coming back a little bit. but it is an interesting response to a fed decision and press conference yesterday that basically delivered everything the market was expecting. european stocks down by around .5%. the pound under a little bit of pressure, still near one point 30, which is interesting and worth bearing in mind we have not traveled that far. the bank of england stepping up preparations for negative rates. you can see quite facing the repricing at the fron

this guy rules ! i told you guys.nd a shattered left testicle. next week we'll look for more of these beautiful creatures so we can learn more about them by pissing them off immensely. thanks for watching. dude, let's go look for crocodiles. yeah. ( cartman ) there's bound to be some crocodiles here. i'll use my 'croc call to try bring them in. bladah-dah, bladah-dah... that's not how a 'croc sounds, you fat-ass penis ! now i'm gonna kick my friend kyle in the bean bag and see what happens ! get away from me, cartman ! come here, crocky. ahh ! dude ! help ! good job cartman, you killed kyle. ( mumble ) well, he shouldn't have called me fat. that's like calling the sky blue. well screw him, let's go look for crocodiles. ( kyle ) you guys ! he's still alive, kyle, you okay ? i think so, is cartman up there ? i'm right here, kyle. cartman, you &@#$ hunk of fat ! oh yeah, say that to my face, pussy ! can you climb back up, dude ? i don't think so. dammit, i guess i have to go get him. no, come on you, let's look for croco

so i think he was a bad guy. bad guys. i was trying to help the construction industry and i got cross ways with them. >> how long did that go on? >> well, that went on until about -- probably seven or eight years ago when he quit. he died. >> who? >> and he killed jimmy hoffa finally. >> i'm curious, too, this is just, you know, just me wondering, you know, guys like that are after you or wanting to kill you, how did you protect yourself? how did you keep that from happening? >> well, i called the union up. they owed me some favors. i'd been -- what i was doing, i was working with the unions to help twhemhem with a problem th had. this is a whole or story. when the you're in a construction business, the worst thing that can happen to you if you're a union contractor is the carpenters and the plasters begin to have an argument over who is supposed to do a certain job, right? >> yeah. >> the jurisdictional dispute. contractors have no power. you know? so what they have, they have an arbitration group in washington composed o

i'm going to be voting for the other guy. >> i'm going to be voting the other guy. lieutenant colonel alexander vindman speaking tonight in a wide-ranging interview with nbc news' lester holt. colonel vindman, of course, sacrificed his career to tell the chain of command and ultimately to tell congress, when he was subpoenaed, about crimes he saw the president committing from his perch at the national security council in the white house. after what he has been through in terms of the retaliation against him for doing that, including getting fired from the white house, from the national security council and ultimately railroaded out of the military, it is really something to see him still willing to speak out. and you heard him explain there, because he thinks he can help -- he can continue to serve now. he can help warn people about how much worse things might be able to get in a second term given what he saw in the first term in the trump white house. again, like i said, incredible interview today. lester holt with alexander vindman. along a different plot line but

he's a numbers guy. mcnamara is a numbers guy. the whole body count thing, right, we feed the body count and mcnamara can look at all of this and look at the numbers from that side and that side and the american numbers and you can reach a magic formula at one point where you'll be able to declare victory. and that's also, by the way, the problem with body counts. an american combat unit, you get steak one night if you have a good body count. maybe you'll be attempted to inflate the body count. right? or else, if you happen to have killed incidentally someone who was a civilian to avoid the repercussions, you might say, well, that was actually an enemy combatant. that's the problem with all of this. when you rely on numbers, they can be easily manipulated for whatever reasons and give you a completely distorted pishlcture what's going on. jade? >> basically the tactic was analogous to world war's war of attrition, then? >> kind of. except there's no front, there's no -- you just kill. and you kill -- it's not about territory. you

(upbeat music) ♪ guy: from london, i'm guy johnson.ts." it is labor day in the united states. as a result, we are not seeing the normal level of trading. however, looks like we will see a soft open for the nasdaq. at the moment, european equities are very much on the front foot, near session highs. every sector is in positive territory. in terms of the number of stocks 5 hundredstock 600, 42, verses 57 that are down -- 542, versus 57 that are down. bitcoin softer as well. i could be a useful indicator. in the currency markets, the

guy: from london, i'm guy johnson alix steel in new york. we are counting you down to the european close on bloomberg markets. let's talk about what's happening in europe at this hour. the ruble hit hard, germany confirming that opposition leader alexey navalny was poisoned with the same nerve agent used in salisbury. -- borisdent johnson doing another u-turn on lockdowns, comments coming from the governor of the bank of england, andrew bailey, and just a new car with self driving features, but with elon musk in berlin today, can the luxury carmaker bows the gap with tesla? we will hear from the daimler ceo. european markets under a little bit of buying pressure, 1.61%. the s&p is up by 6/10 of 1%. if you take a look at the sector breakdown, it will be a little more defensive than the headline numbers will indicate. , talking about the fact that the ecb is taking the currencies single level into account. -- alsolso ha watching what is happening with the pound as well, and the russian ruble, because we have seen the ruble coming under pressur

guy: one final quick question. alix: no, you go ahead. guy: ok, i am going to go. does it leave nigeria and producers in the middle to the higher end of cost position that rely on oil? theas interesting, some of gulf countries were trying to go to the bond market and are finding it tough. i am curious for what this means from a geopolitical point of view in terms of what these countries do and how much internal strife they will face. europe looks to these countries and worries about migration. down inegins to ramp terms of demand for it, what does it leave cut -- where does it leave countries like that? nigeria,us talk about and that is a big country. for government revenues, that depends on oil and gas. ae flipside, i have conversation with the nigerian energy minister to say that off of natural gas, we cannot do what we need to lift people out of pollard's -- out of poverty with wind and solar. 3 billion people do not have access to commercial energy and they are burning waste and the world health organization says that is the biggest source of indoor pollution.

he was a great guy, nice guy. farabee was quite a guy. they were all good guys. they were satisfied. i was a civilian, that's all. how long were you when dover before you went to solvency over way back and forth between the!g >> back and forth. once i started at wendover, then it would be a situation where i would go to wendover, maybe i would stay a couple days and do some work or lay out some stuff that had to be done. or maybe i wouldn't. maybe the next day i would go straight down to salton sea. now, salton sea was built by hollywood to film the law picture "wake island." i say that because i have been told that. i never saw it in a book but that's what they tell me. that's why salton sea was there. it had been a navy base that was there for a movie. we lived in those barracks and we did our testing as i explained by running that big loop up san francisco, which approximated the distances we would have to travel. >> tell me about, after you spent all this time working on this project, tell me about ashworth telling you are going overseas with the balms? tell

the guys in the details of what this government is going to be. three of the five will be on the united states supreme court, one will be our first attorney general, so that's the kind of men you are going to have on there. very much legal minded men. probably the main guy is a man named james wilson from pennsylvania. he's one of the signers of the declaration of independence as well and he will end up on the united states supreme court. more than likely, he came up with the three words "we the people" and the beginning of that report -- nothing else that would be recognizable to us today, but he does start out with "we the people." as they go through this committee of detail report, eventually, they get to a point where they work out how they wanted to be so they formed another five-man committee and we call this the committee of one style. this is where your heavy hitters american history will be -- alexander hamilton and james madison. but the guy who is probably going to do most of the writing is a pennsylvania by the name of gouverneur morri

austin: guys, come on.of my heart, soul, and energy into this place, and then, my world's turned upside down. lee: i agree in premise that we have a structural issue to fix in this company, but there's a difference between staying in the room and hashing it out and looking at your colleagues and saying, "you don't know your business. i resign." there is the chance that this is the path that we're going to go down. austin: well, what i saw was my family -- it's turned upside down. that's how i felt. lemonis: so, were you mildly relieved when he left yesterday? lee: the company's not profitable. the business model is not successful. austin: is it their fault? lee: the plan -- you're not letting me finish. austin: okay. lee: you resigned. you can't have people, especially managers, who just resign and then decide, "mm, i'm gonna come back the next day, and i'm going to start work. maybe the next day after that i'll decide to resign again." steve: if you would've stopped and said, "guys, i am not comfortable wi

this is bloomberg. ♪ guy: live from london, i'm guy johnson.u need to know from europe this hour. boris johnson tells the english to work from home for six months. talkingses in europe mergers. ubs, a credit suisse and deutsche bank executives have been talking at the bank of america conference. we are waiting on the fed chair and u.s. treasury secretary. the house financial services committee as soon as it starts. let's look at where european markets are. yesterday was a big drop, today we recoup a little bit of that. up by 4/10 of 1% on the stoxx 600. euro-dollar trading with the $1.17 handle. as you can see, also trading lower.

thank you, guys.n really working on expanding the company's revenue by designing new cases for all genders and all age groups, as well. lemonis: these designs are awesome. the line felt limited, and these are kickass. ♪ skyler: hey, marcus. charlotte: hi. lemonis: hey, guys. charlotte: how's it going? lemonis: how are you? we're a little over a week away before the t-mobile presentation, and i've asked the team to brief me on where we are in designs and what exactly their strategy is gonna be for the meeting. i think, ultimately, i thought we would be presenting three distinct boards we would print a small quantity of, to say, "these are the kinds of things we can do, and this is how we see the pairings, here." charlotte: we just don't really have a sales pitch. like, what's the actual breakdown of the, like, "look, this is what we feel like is gonna work for you. we can make it happen in x, y, z." skyler: how many designs are we bringing on mock-ups? and, like, let's start placing them in. lemonis: i

parker -- hard-core guys and gals have done it. you just take ashes from the fire and start scrubbing. settlerth powder, the may not have it or you may not be near a town where you could get it. or, guys would put it in their pack and open their pack and to powder is everywhere and all over everything and they just decided i will just deal with the ashes and the fire. my stuff is not covered in powder. jake: in our collection at the national museum of civil war in madison, we have tooth powder. i was always intrigued, then i found out with the leading ingredient was, it was chock. i will go with the ashes in the fire. john: either way you will have a gritty taste. i would rather have ashes from the fire. another question that came in through comments. it's very relevant. speaking of -- back in the beginning saying that's the museum and you wanted to be relevant. how about toilet paper? you talked about latrine, so what are we wiping our bets with? -- butts with?h john: you can find paper readily available. some men resorted to the

guy? guy: thanks very much, indeed.looking at the chart for the ftse 100, dropping like a stone in the last half hour. a little bit of a tick higher in the auction, but a small tick higher. down 1.52%. still some way to go until we retraced towards the 6000 mark. we have going down a number of days. the dax under pressure. only .4%. down lvmh and some of the luxury stocks standing out. travel stocks around europe doing well. we will carry on the top of the coverage at the top of the hour in london on the dab digital radio. i will be joining jon ferro for the cable. this is bloomberg. ♪ alix: coming up on bloomberg , pershingill ackman square founder and ceo will be joining us at 1:00 in new york and 6:00 in london. this is bloomberg. guy: live from london, i am guy johnson. alix steel in new york. this is bloomberg markets. what a set of markets we have. we have a chip selloff. anand srinivasan joining us. was this inevitable? we are down 103 points on the sox. give us a sense of how strange valuations have become? anan

guy: we didn't know what data we would be on.y have been evasive in terms of exactly when this would happen and what would be in it. as you say, i think the pressure is now. i think the expectation now is that the chancellor will have to do more in the near term, and the announcement tomorrow probably won't be the end of its. -- it. it will maybe be announced a little nearer. it will see exactly how policy will be made, particularly on the who, by the british government. alix: in the cable losing a little steam up 1/10 of one part on.1% and you are selling the long end there. let's get back to the sports way of nike. shares rising to record highs beatingturning, revenue a $1.5 billion. perfumersg the best -- performers within the stock. joining us now is kimberly greenberger, managing director at morgan stanley. 152.as a price target of give your take on nike and to the likes of kuma and adidas -- puma and a deed up. >> the nike numbers are strong here with the big beat last night. this indicates to us the overall demand for athl

guy: how big is the bill?it is over 200 million pounds we owe and refunds and our processing as quickly as we can. guy: you've mentioned throughout this conversation the importance you and the industry represent for the u.k. and the u.k. economy. that youtill bitter did not get government money, you did not get government assistance the same way other air carriers did? you have been able to take advantage of the furlough schemes, but you have been treated differently. respect the to rules set up by our government. i am not a bitter person. i am a forward-looking, positive individual. i am proud of the fact we have been able to do what many impossible, which is a impossible, which is a private only position of virgin atlantic. what i like to see more support from our government to the aviation industry? absolutely. does it take back from our own achievement? no it does not. we are grateful for the furlough scheme. for consideration for government to continue and assess the situation guy: coming up on bloomberg

this is bloomberg. ♪ ♪ guy: live from london i am gary johnson -- guy johnson.ng you down to the european close on bloomberg markets. as chinastocks gaining posts surprising positive economic data pointing to an accelerated recovery from covid. internal markets bill passes his first test in parliament. investors think it's a negotiating tactic. how they are pricing in the risk of a no deal brexit. investor confidence picking up in germany, but what does the future hold for berlin's increasingly acrimonious relationship with washington? we will speak to a former u.s. ambassador to germany. very strong data out of china a little bit earlier on. that had an effect on the currency as we continue to see the chinese currencyus

guy: live from london, i'm guy johnson, with alix steel in york. we are counting you down to the european close on "bloomberg markets." european stocks sliding sharply, the biggest drop since july. it basically has two main drivers. firstly, covid concerns. the u.k. says infections could climb to 50,000 today by mid-october. a perfect storm hits the sector with a human a bloomberg scandal and potential sanctions from both china and the united states. let's talk about the markets and show you where we are as we approach the end of the day here in europe. is probably leading the charge to the downside. the german market's down hard. the s&p 500 in the united states down by 2.5%. what is odd here is the dollar is catching a little bit of a bid. you wonder whether this is the election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. the yen was trading lower against the dollar a little bit earlier on, but euro-dollar now trading with a $1.17 handle. what you're seeing in germany, u.k., canada,

, oh my gosh i love you guys. jimmy: stay safe, penn & teller everybody check out "penn & teller: fool us" monday nights at 9:00 p.m. on the cw. more "tonight show" after the break. stick around ♪ give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. m♪ >> jimmy: thank you all for watching stay safe out there. wash your hands. don't touch your face. stay tuned for "late night with seth meyers. goodnight, everybody [ cheers and applause