jal isn't the only japanese carrier to post dismal earnings for the quarter.s announced a net loss of slightly more than $1 billion. >>> experts are painting a dire picture of japan's economic health. they say they expect the country's gdp to shrink by more than 20% in the april through june quarter due to the effects of the coronavirus pandemic. ten private research institutes have projected annualized contractions between 21.7% and 28.7% in real terms. this would mark the steepest fall since comparable data became available in 1980. official gdp figures will be announced in mid-august. analysts say the expected contractioion is due to a unung in personal consumption, driven by stay-at-home requests. they also cite a sharp decline in auto exports to the american and european markets. the u.s. and some eurozone countries have already announced historic declines in gdp for the same period. personal consumption and production activity are picking up in japan, but the country's economic outlook looks unclear due to the recent spike in infections. >>> major japane

the loss of $89 million, the most since jal relisted in tokyo in 2012 and that's after it emerged from only other quarter that it lost in the january to march period and the pandemic took hold. a big interview coming up later today. beenll speak with i've mend of, one of the world's of liquoroducers including johnny walker and smirnov. 2:30 p.m. in hong kong. don't miss it. this is bloomberg. ♪ manus: this is daybreak number middle -- bloomberg middle east. tictoc must close a sale. thekicker, trump once government to receive a substantial amount of money. fed officials talk up fiscal need as lawmakers bigger.

the loss was the most since jal relisted in tokyo in 2012 after emerging from bankruptcy. other quarterly loss came in the january to march period this year as the pandemic took hold. southwest airlines is scaling back cleaning procedures as staffing cutbacks and operations rose the average turnaround time. southwest will no longer wipe armrests, seatbelts and other areas that come into contact with people. tray tables and lavatories will continue to be disinfected between flights. shery: coming up in the next hour, hathaway global strategies president joins us to talk about tech companies caught in the crossfire between beijing and washington. we will also hear from robert mead who sees more defaults ahead as policymakers cut back on support. we will have plenty more ahead. stay with us. this is bloomberg. ♪ haidi: very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: asian markets looks at for gains after tech lifted u.s. stocks. futures point higher in tokyo, sydney, and hong kong, as investors welcomed positive

bloomberg spoke with dale hotels and hospitality -- jal hotels and hospitality on how industry has changedts in the summer with pent-up demand. we have had a virus spike in some markets in that demand has retracted. if we look forward, our expectations is that we are going to see a modified version of corporate business coming our way, in september. less sure if they will continue to tag along. the big question is group business. it should be coming back and it will be dependent on the vaccine and when it is widely available. >> let's focus on how important that piece of business is, hilda. some hotels are managing to capitalize on the state case and trend. people check into a hotel in their own city to have the experience. there are some ways to get revenue back. before we get airplanes back in the air, how do you get that corporate traveler or group, the all-important group revenue, back in the system? if it leads to corporate, that is easier to attack. we are all eagerly awaiting to see what will happen from a governmental perspective, in september. by that i mean, ease of travel, any r

. >> i want to go back to the first question i asked jal valerie jarrett with her, congressman clyburn woman running mate for joe biden is not a must but a plus. you have a column in the boston globe, where you can see on the screen, biden must choose a black woman for vice president. each of you. i want you to answer that question. i've already gone on record saying vice president biden should pick a black woman and explained it fully in my piece. but do you think a black woman for joe biden is a must or in the words of jim clyburn, a plus? i'll start with you, congresswoman edwards. >> well, i don't think it's a must. but i do think that it's a very personal choice and i think if you look at all of the women who are assembled, who are in the running, they each bring something positive to the table and it will be a great story for the vice president to tell. and i think that he wants a partner like, he was a partner to president obama and i think that he can find this in any number of the women who have been floated on this list and i just look forward to the choice in getting it over

now, chris webber, and sports journalist, host of the podcast unbothered and contributing writer ma jalto sports on vice tv. this is an awesome group. chris, i want to start with you. we played the clip a couple times on this show yesterday. we saw in your face the pain, the frustration, the exhaustion. we've come to know you, those of you who followed you and loved you as a player, as this larger than life figure and there was so much humanity and there was so much about a shared experience among so many americans. what were you feeling when they came to you that night on tnt? >> thank you for having me on, and can't wait to see jamal and carrie's shoe because they're not going to stick to sports. that's a funny name. but i felt pain. it's the pain of growing up in detroit. when we see these speeches and conventions, everybody brings in their personal story. and i think what people need to understand is that we have the same stories, you know, not only do i want to make sure that we address the killing of unarmed black men and women, but at this time we should address education as well