may herm cain rest in peace. he fell ill, not long after that rally in june. the one in tulsa, oklahoma. you see him not wearing a mask. how many lives do we have to lose? how many have to be sick? how many have to have their lives changed? how many businesses have to close? how many kids have to go underserved and fall behind? how much more inequality and inequi inequity must there be for something that is within our control? when will you say enough? when will you demand action? this is not about our democracy being in doubt. this is about the strength of our leadership, absolutely, being in doubt. let's bring in "new york times" columnist tom friedman, the author of the best-selling book "thank you for being late." always good to see you on prime time, brother friedman. >> chris, good to be with you. >> i hope everybody is well in your house. and how big a nail in the potential political coffin, for this president, are these economic numbers and why? >> well, you know, chris, i think you framed the big picture, which is that we don't have a plan for revivin

but because customers are shopping on the high street, hermes, the delivery firm is hiring thousands few months because it is effecting a further boom in its business if people don't go back to the high streets. sorry, i haven't read it here, but i think i heard it that 15,000 jobs for hermes kudela yes, thousands of jobs. one of the things we don't know for sure is whetherjobs lost in one part of the economy, like on the high street, will be made up for byjobs the high street, will be made up for by jobs that the high street, will be made up for byjobs that are gained in other parts of the economy that are doing well out of this. most economists reckon that won't be the case, but there are certainly some grounds for a little bit of optimism in the sense that big firms doing well out of online shopping are starting to hire more people, and that might at least cut into the number of people going back to work after this. the question is, what sort of quality jobs? if online people are employing more, will those really be warehouse jobs and deliveryjobs, which can often fall under the g

filippo alloatti, federated hermes international, thanks so much.ames athey of aberdeen standard is still with us. what are your thoughts on european banks kicking off their earnings season this week? james: i wouldn't touch the equity with a barge pole. profitability of banking in general when you have low yield, flat curves, huge economic disruption, it is difficult to come by in europe. you still have bad loan problems that have never been cleared up. it occurs to me that the response is to do more of what hasn't worked and that has been a problem in previous episodes, which is not concerned with the quality of assets. you are concerned more with the optics. all of this liquidity the ecb provides, can keep banks going but it is not necessarily finding its way into economic productivity. it is finding its way back into financial markets and keeping things they are afloat, without any concern for how it impacts the economy. there are better banks and worse banks, and debt is from only ok in some cases to invest in, and the european banking sector,

. >> federated hermes? >> hermes.ired that london -- >> not hermes. >> a couple of summers ago. >> will it sound cooler if i say hermes >> we're not the tie and the scarf people. >> you're not? >> no, we're not >> you could be. >> i knew that you would be wearing one if you were obviously. thanks thank you both. >> thank you thanks for having me on, joe >> thank you, joe. >> i know you would have said hermes because you're very familiar with that -- >> you know, i will never invest in ties. you know that, right >> you get them for free, that's why you'll never invest in them. >> no, no, no. i'm a tie bar kind of guy. $50 or under for tie because i spill on them. >> you spill yourself. >> i won't invest in ties, i won't invest in scarves because i lose them, umbrellas because i lose them. there's certain things, accoutrements. >> sunglasses. >> sunglasses, i lose those, too. maybe warby parker is the highest i go i don't think that's fancy anyway, coming up when we return, the case to bring manufacturing back to the un

are impervious to this, but luxury should be coming under pressure >> i know you're partial to an hermes scarf. >> always. who watching the show isn't? listen, i'm going to be as delicate as i possibly can, you know, i'm not looking to cast apersi aspersions to our french friends, but the red ribroader t i'm hard pressed to believe this has any impact whatsoever. >>> coming up, the race to $2 trillion the chart master is with us. he'll break down which tech titans will get there first. at leaf blowers. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. don't get mad get e*trade and start trading save without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you only have

man helps me into the state of herm. this to purity need to be a free enter mekka. that had don't get asked to hit by sandy as i did and he you know if you can hear men that look at it and if they're not sitting behind. them almost like he's there. for the 1st time in a while i start to think more closely about my relationship with god. our. family said that she wanted us to do more together and i suddenly feel guilty for doing it without her. and. it was. clearly hammering. away so i ring it after i get them out then. you're right. it's. just more of the devil's. here. he was living in the moment where she was and there. it is think if you can take your. time. and it may have been more. this life as a mom here but as out just want to think it was. kind. of mean i think you know that even when the mom was. a students. are not allowed to enter mecca so we stuck to that just turn back. and. there's something incredibly moving about being here with thousands of other people. well he certainly will not be given that kind of money to give to young is a business move and

restaurant cloerz dragged on the water division sales at hermes with the luxury group saying the situation remains difficult. a fall to 10.3 billion down 3% and beaten core profit expectations and the steel maker said it saw signs of recovery. in health care space, astrazeneca has maintained second quarter revenue telling us earlier the company has managed the crisis well and expects a better third quarter >> it was very strong. q 2 was also very strong as you just mentioned the business is very resilient this is a buzz that is very resilient, we've managed the crisis well. we see that patients are returning to physicians. we see a good q 3. >>> fresenius has posted a better than expected earning bringing in the cfo for more on these numbers. rachel, describe for us the quarter or how you would characterize the performance and what you are expecting for the second half of the year. >> good morning. i have to say we are very proud of the results we have posted in the second quarter of the first half year. clearly a challenging time, a unique time for our business and all other businesses i

that are exposed to higher end consumers could potentialally b better off why we are constructive on hermes and brands that could be doing well like channel. >> thank you for joining us today. the senior research analyst at global luxury goods. >>> coming up, opec expects a big oil surge and demand next year we'll break that down for you xt businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. >> given into government

is the head of investment from the international business federation, hermes.reat have you with us this morning. have we exhausted ourselves? rhetoric like that from richard clarida would normally i --e for the markets e momentum for the markets. what do you make of these comments? is the fed signaling they are not done yet, they still have a couple of tricks up their sleeve, namely yield curve control. and there is still an upside risk that they will at some point, if rates drop below zero, look to purchase equities. that is an upside risk for equity markets, and for credit spreads, i guess. nejra: that is interesting, especially because in the last minute, it became evident that the fed wanted to lean much more into a detailed for guidance relevant yield curve control. very substantial forward guidance without any further action be enough to lift risk assets and keep wheels suppressed? for: i think at this point, the forward guidance will be sufficient to keep cities where they are. but if the fed is looking to further raise asset -- risk acid levels, i suspe

they are testing staff at the nursing homes and the long herm care facilities. 4,000 facilities and 200,000taff. they are doing it every two weeks to try and stop the spread in the facilities and on the local level, the county level, there's work being done in miami starting tomorrow. they are no longer going to issue warnings if you are not wearing a mask you get an immediate fan. and in other counties they have an overnight curfew. they are doing all they can to try and stop the spread. >> which they should. thanks very much. and let's take a closer look at florida's current epicenter of the pandemic. we are talking about miami-dade county alone accounts for more than 2,000 of the state's 9,000 hospitalizations. and today, we are learning that intensive care units in that county, are at 127% capacity. and covid-19 ventilator use is up 64% in just the past two weeks. with the miami mayor frances suarez is joining us live. thank you for joining us. what are the biggest factors that is contributing to this desire situation we are seeing in miami unfold right now? >> the biggest factor is aft

theederated hermes, one of two. lisa: what charity should that go to? jonathan: people will have to write in. i would love to do that. i think it would suit you. coming up on this program, tom porcelli, rbc capital markets chief u.s. economist. here's the price action. s&p 500 futures up nine. we advanced by 0.3%. the dollar making a bit of a comeback in the last 30 minutes or so, stronger on the day. that means euro-dollar comes back down to $1.1726. the 10 year, 0.59%. we are really trapped in this very tight range, still in and around 60 basis points. outside of that, futures up by 10 on the s&p, and gold just a little lower, down 0.1%. from new york, this is bloomberg. the first word news, i'm ritika gupta. senate republican leader mitch mcconnell insists that businesses, schools and other organizations need protection against coronavirus lawsuits. that has bogged down talks over a new stimulus package. mcconnell is demanding that changes to liability law include in legislation. policymakers will turn their attention to how to jumpstart post recessi

. >> i'm sorry about herm. i am sorry for his family, and i'm sorry for his extended family.he had a lot of life left in front of him, and i'm sorry we lost him as soon as we did and how we did. >> herman would want -- not want americans to be sorry about his death. he loved america. he loved this country. he contributed to the very bitter end. to this country and making it great. and keeping it great. and so -- and he was on borrowed time. you know, he -- he had stage four cancer in 2006. he survived it. he beat it. and i think that was part of the thing he was traveling all over the country. he thought he was invincible and he wasn't invincible. this virus is going around, and he was doing book signings and going out on film tours. and he was at the tulsa rally. a number of things. and you just couldn't stop the man. so, he was a force of nature, great american, and we will miss him. >> i, of course, extend only condolences to his family. and i wish them well. this has to come as a shock because he had already beat what was supposed to be his big challenge. so on to your fr

eoin murray is head of investment at hermes investment management. what are you expecting in may?rise, i think actually the uk figures might surprise on the upside for us in may. as you say, down 20% in april so really anything compared to that that looks better will be taken fairly positively. we have had a bit ofa positively. we have had a bit of a sneak preview. the bank of england's chief economist said at the end ofjune that real—time data they follow, high—frequency data, suggested that the uk economy was actually recovering faster than the bank of england was expecting. so i think the potential is there for good news. 0ther, potential is there for good news. other, we should put some limitations around that probably. and talking long—term, of course we are looking at month by month at the moment and we know that may, june, july — it's going to be pretty grim for a while. but where are you, is your glass half full half empty when it comes along picture? in terms of the longer picture, i am still glass half empty. he says, so far, so the, thinking of yvie —shaped recovery. i

diane nash, a living legend that continues her work in chicago told me that herm main memory o john isuld show up at meetings with bandages because he was unfolding his life's drama as a genuine saint that means he's a statute, quite the opposite classic theology is a heroic sinner, a sinner who demonstrates courageous vir twu because of his idea and it was a commitment to the gospel of jesus that the sermon on the mount should not simply be words on a badpage but the motive fors of our hearts and minds and that america was an arena in which those forces could find manifestatio manifestation. >> i think it's an absolutely important reminder not to sent mentalize that time as you put it and focus on the real traumas i inflicted. john, last word. >> i would add to pay great transcribe by to john lewis there is something we can do to pass a new voting rights act, to repair the breach in the supreme court of 2013 which was one of his last crew saids to deal with awful suppression and purging and confusion and attacking vote by mail. we need a strong bill and it would be how we can really p

senate that her nomination is in jeopardy you remember just a little over a year ago the nomination of herm an cai herman cain was sunk when four senators refused to back him we've seen this story before with regard to the white house's nominees to the fed. it appears with this erosion of support among republicans judy shelton could be next without some 11th hour change of minds >> yeah. new york editorial board not a fan. judy shelton is very different than herrmann cain she's economist. she has a phd. i first met her at a heavy duty economics conference so she hangs out with, you know, hefty weights. >> heavy weights with economics. >> the gold standard and neighbor flip-flopping has questions about how politically motivated she will be. what are they so afraid of putting her on the fed >> and we should note, sara, one of the reasons why republicans did not confirm herrmann cain is charges in the past. for shelton, there are concerns about the gold standard. but there are also concerns about the independence of the federal reserve at a time like this when mondetary policy and the directio

joining me right now is federated hermes investment officer, also joining the conversation this morninging of college business fox news contributor brian brendberg, former wall street editorial member stephen moore and joanie courtney, thank you very much for being here. >> good morning. maria: let me kick it off with you, new concerns now about the spikes, 50,000 spikes just in a day across the country, what's your take on the impact of the reopenings and the growth in stocks? >> i think what people are really looking at is deaths and so far you know that has not been nearly as dramatic as increase in infections, so the operating theory that the people who feel safer and probably are are the ones going out and about and getting tested and working through the virus and i think the country wants to do that. our death rates have been lower than europe h has been very tough but that's what the market is watching i would say in terms of its outlook on the corona impact but it's not going to be perfect come through here. you will see rise in infection rates. the protocols and people getting

he's sort of a 1890's bohemian, a bit of a herm yit. most importantly, he was a friend of adolph sutro's. and sutro had a real estate shack on the northwest corner of the sunset. he let colonel daley squat in there essentially. he went out every morning, walked along the beach. whatever washed up he brought back to his shed and created quite a large little compound of old bottles, shoes, anything that washed up. a ship wreck. provided a bunch of lumber. he made a sleeping loft in his cabin. for a while he had a wife. she didn't wash up in the waves. but she did eventually wash out. she couldn't handle cooking in the sandunes every night, creating a fire. so she left him sometime in the late 18920 -- 1890's. but daley took one of those cars we were talking about and opened this little coffee saloon where he sold sandwiches, doughnuts, and little items to the picnicers who came out to the beach on the weekends. and soon other people, they kind of were charmed by this little old horse car that was being used as a store. and they asked if i

and the delivery firm hermes says it is looking for 1,500 full—time staff and 9,000 freelance couriersback? not sure. one thing we can say with some certainty is there will be more. the clothing store ted baker has confirmed they're in talks about losses — reports up to 500 jobs will go there. we will find out more about that later today. nina, thank you very much, thank you. people hoping to renew their passports could be facing severe delays due to a backlog of applications during the coronavirus pandemic. we've been hearing from people who have already been waiting as long as four months for the passport office to issue their new documents. tracy bridgeman applied for hers before the lockdown in march and still doesn't have them. we can speak to her now from her home in wiltshire. iamso i am so sorry, good morning to you. thank you so much for talking to us. and this was the first time your family had applied for a passport, wasn't it? yes, so my husband and i have never had passports before. neither have our children. so back at the beginning of march we decided that this was going

any sign ofjust how the retail landscape is being transformed, the delivery company hermes is creatingday to cope with the rise in online shopping, some 1500 full—time roles and up to 9000 self—employed couriers gci’oss roles and up to 9000 self—employed couriers across the uk. the historic beefeater guards are facing layoffs for what is believed to be the first time in their 500—year history. the potential staffing cuts form part of measures to cut costs at the tower of london following the coronavirus crisis. the pandemic has seen the temporary closure of six sites run by historic royal palaces, which all rely heavily on visitor income. at least two of the 37 yeoman warders, nicknamed taken voluntary redundancy already. more than 500 migrants are known to have crossed the english channel in the past week — bringing the total so far this year tojust under 3,000. they make the journey on an assortment of boats, from kayaks to high—speed inflatable ribs. and as our correspondent colin campbell now tells us, those boats are being stored in their hundreds in a warehouse in kent. their inf