we will get into that with henrietta treyz.loomberg. ♪ amanda: trade tensions appeared to be heating up once again between china and the u.s. of course, covid-19 playing a role in the middle of it with president trump stressing again today that he would like china to be more transparent and how it handled the pandemic. so what now for trade tensions between the two largest economies? henrietta treyz is when the beta partners. -- veda partners. we had put a bad earner on all of the issues on phase one, what would happen next in terms of the tensions between china and the u.s. where do things stand now? henrietta: that is a great place to start, even because the phase one deal will not even be met this year. the way things stand, we have the new development of the coronavirus, obviously. there are now some are in the range of 300 different bills circulating in congress, in some capacity, to hold china further accountable, dell further into their economy and challenge them on how the coronavirus developed and then spread around th

coming up on washington policy, henrietta treyz. bloomberg. ♪ there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. ♪ tom and france haynes on london and new york -- francine from london and new york. morelt plans to eliminate than 14,000 jobs out of its 180,000 or so and work orders and will lower production -- workforce and will lower production capacity by 1/5. they are facing opposition by labor unions. here is the chief executive. >> we didn't give global numbers because we still need instruments we can give examples. if i look at the development of a previous generation of ca

tom: henrietta treyz was brilliant on this in the last hour. when do they help the states? what is fascinating is the federal government doesn't help the states until there is a crisis, so they've got to wait to see four or five states say we are in a crisis, we are running out of money, do something. and then i guess it all happens over a weekend. jonathan: i think most would say it is likely that is going to happen. some would say it is inevitable. we have a news conference later today. we have no idea what time that will take place, and it is going to be really hard for the president when that is conference happens to stay on one subject. vonnie: -- lisa: but the subject everyone wants to hear about and what is affecting markets is the tension between the u.s. and china. have, if thison i going to mark the week where hope starts to run out? we don't know would not press conference is, but that is what we are watching today front and center. also what we are watching today at 8:30 am, the u.s. releasing personal spending data, which is interesting, and part because the co