johnson & johnson. take a look. joaquin, first, congratulations to be the eighth ceo of an iconic company it must feel great. >> thank you, feels good to be the eighth ceo of johnsonfirst one not jewish born and it's great accomplishment after working in the company for more than 30 years. it's a privilege to be able to lead such an iconic company with such a group of dedicated employees. >> excellent where are geographically, this a new place for j&j. >> exactly this is -- today is the opening of our new center here in san francisco. we have about 400 people here in this building and the unique thing about this building is that we are relocating experts in biology, chemistry and expert in technology, data science, artificial intelligence, machine learning, all of them working together in position of medicine, in combination of medical devices, in cutting edge therapy. it really, jim, the future of medicine this is the future of medicine this combination of science and technology, it's going to help us advance medicine more in this decade that we have done in the last 100 years it's an exciting moment for johnson & johnson and thank you for being here. >> that's a

johnson aged _ day of their lives. this is boris johnson aged five, _ day of their lives. this is boris johnson this is boris | johnson aged five, paddling his day of their lives. this is boris - johnson aged five, paddling his own canoe. he grew up the eldest of four children in the hugely competitive johnson family. he knows that life is a competition. he johnson family. he knows that life is a competition.— johnson family. he knows that life is a competition. he always wants to be to -. is a competition. he always wants to be top. whenever _ is a competition. he always wants to be top. whenever anyone _ is a competition. he always wants to be top. whenever anyone asked - is a competition. he always wants to be top. whenever anyone asked him j be top. whenever anyone asked him what he wanted to be, he would answer world king, that is true. yes. he painted this self-portrait at the a . e yes. he painted this self-portrait at the age of _ yes. he painted this self-portrait at the age of 12 _ yes. he painted this self-portrait at the age of 12 and _ yes. he painted this self-portrait at the age

let me ask you about johnson & johnson. i thought johnson & johnson was doing something where they were going to break the company in various parts. one was the consumer products. the other was the drug pipeline. i want to ask you about that, their strategy, and are you at all troubled by what j&j has done with respect to setting up a shell company to handle the liabilities involved with their talcum powder lawsuits it's called a texas two-step it's a very controversial move frankly, it seems like it's raising a lot of questions are you worried about that at all? >> you know, that's not a concern for me it's a legal maneuver to separate the -- you know, the trials and tribulations at trials really from the rest of the operating company, and it's probably a gooddecision to kee it separate. >> our last guest said he was expecting a 100 basis point rate hike tomorrow. if we see a more aggressive stance from the fed, how do you expect health care stocks to react? >> i would think that they would do well in a higher inflationary environment. the

johnson? i am late for a meeting _ johnson? i am late for a meeting at _ johnson? - meeting at number ten. simon hart, welsh secretary, a - hart, welsh secretary, a long—timejohnson loyalist, was torn about whether he should resign. i torn about whether he should resin. ., ., ,., , resign. i thought about this for a long _ resign. i thought about this for a long time, _ resign. i thought about this for a long time, what - resign. i thought about this for a long time, what are l resign. i thought about this i for a long time, what are you still doing? what is wrong with you? why are you still there? and i thought if anyone can turnit and i thought if anyone can turn it around, boris can turn it around. i would hang on for as long as i possibly could. are you going to resign? he went to are you going to resign? he: went to see johnson in his went to seejohnson in his office at number ten. mr; went to see johnson in his office at number ten. my final conversation _ office at number ten. my final conversation with _ office at number ten. my final conversation with bori

is a johnson johnson vaccine that has features of the pfizer modern corona virus scheme there is primary vaccination the scheme involves the administration of two doses, and the vaccine from johnsonin one dose and the same vaccines, pfizer should be suitable, even though the vaccines and in this case the same vaccines can be used for booster doses, now it’s just some coins slight deja vu, as we talked about the fedorov plan in the distant pre-war times, when the coronavirus was worse. it seemed that there was nothing , nevertheless, i will ask, as then and now, whether the corona virus is effective enough or if there is a choice, whether it is worth vaccinating for those who have not yet was vaccinated well, given that we see strains of the crown in china, it does not stop very well in comparison well, you know, i did not undertake to assess the situation in china , there are restrictions on access to information, you know, there are certain doubts about this but at the same time, there are studies of this vaccine in other countries, and it is enough to use, for example, turkey, chile, in the countries of the pacific region, and if back in june, antigia recommended that the minis

vaccine were better when we use that vaccine to the exclusion of say the pfizer or moderna or johnson & johnson vaccine. it's not better and hasn't happened and had it been that way, it would have been different and in china, the moderna and pfizer and vaccine in china, it's better than that vaccine. nonetheless they're using their vaccine. emily: perhaps this stage in the game where vax seep supplies are fairly -- vaccine supplies are trained, there's not much choice but maybe things will shift once that's no longer an issue. paul: this virus will be with s for awhile and the new england journal of medicine this past few weeks has a nova vaccine and those who are over 65 years of age and we'll seeho how that pls out and over time, there's more and more experience with this vaccine and about a billion people have been vaccinated in this world m of 7 billion peopl. find out there may be differences in the safety profiles and there'll be differences in the capacity of these different vaccines to protect against different variants as more and more variants arise. there will be differences in the c

to the exclusion of pfizer and mode dharna and johnson & johnson? had it been that way would it have been or in china, if you look at the mode dharna or pfizer vaccine compared to the whole inactivated vaccine in china it looks like it is better, nonetheless they are using their vaccine. >> >> host: perhaps the stage in the game where vaccine supplies are constrained, there isn't much choice but maybe things will shift once that is no longer such an issue. >> guest: this virus will be with us for a while. has as more vaccines come into play, a nova vax vaccine, purified protein with powerful -- roughly 90% effective including those over 65 years of age. it will happen over time, you have more experience with this vaccine, a billion people have been vaccinated in this world of 7 billion people, you will find there may be differences in the safety profiles, differences in the capacity of different vaccines to protect against different variants as more variants are rise. and the capacity for duration of immunity so we will learn as we go and see how it

johnson & johnson has agreed to pay 40.5 million dollars to settle a lawsuit over its role opioid epidemic.s. state's new hampshirsayshe pharmaceutical giant aggressively marketed painkillers to doctors and patients, targeting vulnerable groups, including the elderly, while heavily downplaying the risk of addiction. johnson johnson will be banned from the future selling or promoting of opioids in new hampshire. the company denies any wrongdoing in its marketing practices. in february, j&j was part of a nationwide settlement that included the u.s.'s three largest drug distributed -- drug distributors. the legal fallout continuing from that. j&j alone faces at least one more potential lawsuit in washington state. mark: very sad story, and it is amazing how it has dragged on so long before reaching some kind of conclusion. thank you very much indeed. stay with us. more to come here live from paris. 09/01/22 /01/22 [captioning made possible by democracy now!] amy: from new york, this is democracy now! >> more democracy, then we will go to bring perestroika. i make a does for the words of former soviet leader mikhail gorbachev in

johnson & johnson. i met you made me repeat the same thing. stuart: johnson & johnson up 2%. are trying to get these programs, spending underway to avoid that 1% tax and inflation reduction act. stuart: technology? susan: apple is 1.5%, you're at 156. just a week ago, we saw some recovery. apple and tesla, two of the most popular bargain buys, two tickets to buy for everyone to sell. tesla is surging today because there is a report they have passed -- postpone their plans to extend to the german plant which means saving more money just in case of cash. we went couldn't they get the juice to run that factory? is that the story? susan: they've gotten the juice, to get the factory up and running, can't get any more juice but you are trying to say the german government halted electricity supplies. but when the cost of electricity in germany is astronomically high. susan: so are tesla cars. stuart: they might have situations with energy supplies. i'm wondering if they came into tesla's decision. susan: i don't think so. they have always had problems with cash. it has been hard to

johnson -- oh! [ cheers ] >> victory for dustin johnson! >> johnson putt on the first hole of a sudden-death playoff. he took home $4 million. >>> and former president barack obama is now an emmy winner. obama won the award for best narrator for the netflix docuseries "our great national parks." the five-part show was produced by barack and michelle obama's production company. he is the second president to have won an emmy. >>> coming up on "cbs mornings," author ibram x kendi stops by the times square studio to tell us about his new children's book adaption, "magnolia flower." >>> i'm matt pieper. this is the "cbs morning news." this is the "cbs morning news." ready to shine from the inside out? say “yes” to nature's bounty. the number one brand for hair, skin and nails. with our signature blend of health and beauty nutrients to bring out more of your inner beauty. get more with nature's bounty. meet google pixel 6a. a smarter phone for a smarter price. powered by the google tensor chip. so your camera can see in the dark with night sight. fix your p

johnson & johnson. after the deaths lewis sent a letter to johnson & johnson to stop the killing he has long denied anyility the investigators lack physical evidence directly linking lewis to the crime they report investigators are describing their findings as a chargeable circumstantial case speaking with the tribune for their story, lewis again denied being the tylenol killer >> reporter: back in '82 when lewis was arrested, he detailed to police how the killer could have done this, from taking the pills, adding the cyanide and putting them back. he was helping them with different scenarios. shep, he has never been charged. >> perry russom, live in chicago. >>> a notorious defense contractor known among all as fat leonard orchestrated one of the largest primary scenes he cut off his angle monitor and disappeared. now they have arrested him in venezuela after two weeks on a run. he was trying to board a flight and escape to russia fat leonard overcharged the u.s. by over $35 million and had navy ships routed to ports that he controlled in the pacific. he pleaded guilty nearly aft years and more than h

charged and convicted in an extortion plot against johnson & johnson, the maker of tylenol prosecutors say after the death, louis sent a letter to johnsonemanding $1 million to stop the killing lewis has long denied any response nblt murders. the tribune reports reporters lacked physical evidence directly linking lewis to the crime. they're describing their findings as a chargeable circumstantial case. speaking with the tribune for their story, lewis again denied being the tylenol killer back in '82 when lewis was arrested, he detailed to the police how the killer could have done this, from taking the pills, adding the cyanide, putting the pills back ten years later he told the associated press he was just helping the police with different scenarios. he has never been charged. >> perry russom live in chicago. >>> a notorious defense contractor known one and all as fat leonard orchestrated one of the largest bribery schemes in u.s. military history. before sentencing for his crimes, authorities say he cut off his ankle monitor and disappeared. now after two weeks on the run, police have arrested leonard francis in venezuela they he was t

johnson & johnson vaccine is a very rare cause of something called thrombosis which means blood clots in the brain which can be fatal is about a handful of people who have died as consequence of the j&j vaccine. so the point is, you have systems in place now they can thactually detect events as rar. as that blood clotting phenomenon of0 the j&j vaccine which is one per 5:30 thousand people with the problem one per 50000 people. thesee are extremely rare. it's only because of those tragedies in the past that led to these to monitor vaccines inl this case on post approval. again i think you are right. we deal for norma's level of distrust it's remarkable 65 million people in united states continue to not get this vaccine despite the fact the evidence and save your life could not be clearer. >> as a someone in the scientific medical community, what you think our role is in communicating to the public? what advice would you give to other researchers about what they can do to playth their part to promote trust in the system? and make those systems trustworthy. >> the purpose for me and writing this book, to let people know you learn as you go for you always learn as you go. some level building the airplane while it is in the air. i feel that is true now. that has to be understood. you could also read my book the other way here is a series of tragedies which resulted in an norma's amount of harm. and so therefore you cannot trust science for you cannot trust medicine. that is the process. knowledge is hard earned it invariably associate with human price. i think that has to bey understood. when people make a choice they should realize there's no risk free choices there are choices to make different risk. the goal then dispassionately as possible, choose the lesser risk. people say i don't want to get a vaccine i don't risk getting a vaccine there risking getting this disease. one researcher recently said in its right of the next few years are going to have two choices get vaccinated or get naturally infection. natural infection is not the better choice. i think that's the purpose of the book. to get people to understand going back to this meeting i'm going to have an fda advisory committee next tuesday. we will consider a trial in children five -- 11 years of age or few thousand children. the more going to make a recommendation for tens of millions of children. when do you know everything? you'd never know everything. the question is when do you know enough when you think you know enough to move forward? that's the history of medical advances. we lived 30 years longer than it 100 years ago it's because of the medical advances i talk about in this book their hard earned and they will always be hard earned. let me wait until the learning curve is over. but that learning curve is never really over. >> and as you say in the book, day and in day out making decisions in the face of uncertainty. whether we acknowledge it or not. i really liked your analogy of the three bridges to talk about the context of decision-making context of uncertainties. can you talk a little bit about the three bridges analogy? >> let's suppose you have a certain disorder. you want to try a therapy that is well tested. you know it is well tested. and so you are willing then to walk over that bridge because you know it's well tested. a sturdy bridge you are good. the therapy is relatively new it's a new therapy or a new biological, whatever. now do you want to do that? and do you the degree you want to do that is only the degree you're being chased by a lion. chased by a line you're willing to cross that more rickety lesson tested bridge. barnette was a first person to human to human heart transplant said that. the person he transplanted he was in desperate need of a heart. he was willing to be the first person to receive a human heart to heart transplant because he did not have much longer to live it. decisions get a little easier in that case. but look into the 4000 people are currently waiting for heart transplantar today, 1300 of them will die while waiting for we don't know whether or not you're going to be one of those. so would you bee willing to be the first to try a pig heart? pigs can be genetically engineered so you will not reject the heart. you will not need immunosuppressive therapy due to try that? realizee last 48 hours it was a kidney transplant the person see the transplant receive a transplant of a pig kidney and it went well. so do you want to give that a shot question if you want to try that? or do you want to tryry the well-worn bridge if you will of getting a heart transplant knowing you will live it probably 15 years average after that or try thert pig heart you maybe one of thehe 1300 dies whe waiting? at some level you are always gambling. what you said early was exactly right. wewe don't like to be dealing wh uncertainty but we always are. >> we always are. and unfortunately our human brains are not well of all to think about risk and in that uncertainty. when the pandemic first began these examples should give hour of individuals making decisions about whether to take a new treatments, or get the pig heart or wait and see if you are able to get a human heart transplant. early in the pandemic i think they were making this decision more of a collective and a population. we needed to cross the bridge that may be uncertain. but there was a lion chasing us. prepare that individual patient decision-making about whether or not to take an intervention with the decisions we were facing as a humanity early in the pandemic? >> that is a great question it's a perfect question. and so for example lastte september and october the kaiser family foundation did a polling of united states citizens or americans and asked the question would you get a covid 19 vaccine just before the vaccine came out 30% said yes they would. now if he asked it probably would have said no. let me wait to see the data premise skeptic i think everyone sits around the advisory committee table is skeptic. let's see the data. now you have tested it let said the pfizer vaccine in 40000 adults they've gotten this vaccine. 95% effective at preventing really any illness in mild, moderate or severe it was virtually one 100% of severe illness.s. that means 20000 it was a placebo-controlled study. 20000 people got vaccines, 20201 of the first get the vaccine or do you want to wait? research and development nine of the 14 vaccines we currently gifted children said it best for he said quote i never breathed a sigh. of relief until the first three billing doses are out there sometimes youil find out things you wish you'd known earlier said you would await? june to wait torl lose 3 million doses out there question in which case you do risk getting an infection because the infection is so common. atwe have been there with the recommendation never going to have the five -- 11-year-old recommendation. do you want to wait? dodo you want to wait until a fw million children have been vaccinated knowing every week between one and 50,250,000 children are infected with this virus? the children account for more than a quarter of current infections as this delta variant has reached out into the susceptible age group or two children are hospitalized every week. at about 600 children have died. i was on service last week at children's hospital of philadelphia buried there plenty of children there in the intensive care unit suffering from this illness. human await or don't you? you enjoyed into more the population is vaccinated or do you want to get the vaccine on the few thousand children that were tested and that five -- 11 world study by pfizer is enough? when do you know enough to move forward? it's hard question to answer but frankly really only know the answer in retrospect. >> right, exactly. and there are some examples of particular treatments for covid-19 that received emergency use authorization early on. convalescent plasma therapy are two examples that were used and now we know they don't work. may even cause harm in some patients. and looking back on those decisions early in the pandemic, how critical should we be knowing they were making decisions in the face of uncertainty? how critical should we be in thate retrospective analysis knowing what we know today? >> frankly, even process effectively those were bad decisions. i really feel like the fda was not at its best during that time. they really succumb to what was a lot of arm-twisting by the administration. administration looking for a magic medicine. it had never been shown to work to either treat or prevent this illness. convalescent plasma data was very weak. when you had the fda commissioner standing up and for the american public sink 35 out of every 100 people infected with this virus will have their life saved, i don't know what data he was looking at. that certainly was not the data that was available. i think that wase awful and it scared me frankly. when i see the op-ed in "new york times" basically the october surprise as we head to the november 3 election last year, i was afraid the administration reach its hand into operation at warp speed. pull out a couple vaccines headed not finished phase three trials especially two months after lastat dose to make sure there were no safety problems. if you're going to do that go to mets after the last dose is one to take you beyond electionre d. but that did happen at the did stand up there. and since then it's been a lot better. what's so hard about this issue are making decisions with far fewer data than you normally would. because we are in the middle of a pandemic. >> yes, absolutely. you mention the encroachment of politics into medical science and public health. clearly some negative examples. can you think historically of any good examples of politics interfering in his science and public health? are there good examples out there? >> i guess what i would say a good example is actually let's go back to the trump administration. i think the decision to put $24 billion into this effort, the name operation warp speed is not the best choice. i think it gives scared people that timelines are being crunched. but what they did there is they basically mass-produce a vaccine at risk. they did not wait for the finishing of the phase three trial to see whether the vaccine work to see if it was sacred they built the building, they mass-produce the vaccine if it didn't work are unsafe they're just going to throw the vaccine away. but this way when he saw the trials were successful you could roll it right off the shelves. that was an example of the government taking over a program that was great. on the other hand on the other side would be the swine flu vaccine story of 1976. there is an outbreak up basically h1n1 influenza called swine flu influenza in around that time. at fort dix, new jersey paid the thinking was this could be a pandemic strain but it wasn't. there was enough information a lot of advisers told president forme don't watch this program but he did. the government basically paid for that vaccine. as a short-lived program probably 40 million people got that vaccine. was found have an unfortunate side effect which is an ascending paralysis it was rare it may be one per 100,000 people but it washa real. that was a program that was disastrous. >> what do you think about the politics and international scale about the pandemic in particularly vaccines? what has worked in your opinion and what should we avoid next time? >> interesting the national level ofso nationalism china haa vaccine which whole and activated the people in china get that vaccine were allies of china get that vaccine. russia hasas a vaccine similar o the astrazeneca vaccine and johnson johnson vaccine. it's called ector virus vaccine to doses of that. that is what you get if you are in russia. the astrazeneca vaccine primarily united kingdom and some european countries thee. moderna vaccine is a u.s. vaccine. the research for that vaccine was done at the national institutes of health health. it's a u.s. product. it's interesting how it is played out. we talk about that a little bit withth anesthesia and chloroform was a european invented phenomenon. it was much more dangerous into other anesthetic agents it was perpetuated much longer because there was a sense of pride that they were the ones who had invented it. askri do you think nationalists sense of pride is also driving vaccine use? i mean i imagine so. even though some of these vaccines work better than others it seems that countries who have developed vaccines are sticking with theirs. >> it certainly seems that way. yes i completely agree. it's interesting you wouldn't think it necessary would be that way. t

johnson & johnson did the same ink. republicans like the previous caller mentioned have no plan. all they do is badmouth president biden. you know, if he did try to control prices and set prices, then they would be screaming communist, socialist marxist. they think it's the same thing but it's three different things. the idea that these corporations, they are the ones turning to this. really? kroger? the ceo in 2026? host: i wonder if that story from "the inquirer," -- caller: that's right you're up, cincinnati. host: "took a 12 six pay cut into -- 12.6 pay cut in 2021." as you noted in your comments, here's how that compares to the pay of the average pay of his workers. 2021, 679 to one when you compare his pay to the average worker at kroger. a decline from 909 to one in the year 2020. caller: really? you know what? the poor guy cannot live on double-digit millions while the workers are being treated like crap? what you just read is gobbledygook. like i said, like the previous caller said, the republicans have no plan. reaching back to 2017, the jobs and tax act, on c-span, i c

to be deployed, and we have three vaccines available in the city of lviv, this is actually a johnson & johnson vaccine plus pfizer. we also have corona virus vaccine, we can get rid of that virus only if we fully vaccinate , that is, the maximum number of residents of ukraine. if it is vaccinated, then we will defeat this covid-19. as of today, 53 patients with positive with a covid-19 test per day where from 12 to 18 patients are admitted, this is more than in the summer, the vast majority of vaccinated people are in a state of moderate severity, says therapist zoryana romanyshyn, in september it is possible to say that a new wave has begun again, and the disease is 53 patients who are in the department for treatment, only 17 have a full course of vaccination and only three have the third side of the vaccine dose, respectively, their course is an order of magnitude lighter, the rest of the patients are older patients age and the course of the disease in them, uh, are close to severe, the symptoms of the strain in micron are different, but they are an order of magnitude lighter than in previou

johnson is. ~ , ~ johnson is. we wish we knew, quite frankl . johnson is. we wish we knew, quite frankly- this — johnson is. o balmoral, he could be arriving any minute now. the formal audience with the queen is due at 11:20am, but it would make sense for him to arrive a little bit beforehand. the other element in all of this is where is liz truss? because there has been, as you hinted, there has been fork at aberdeen airport and her flight, i think, has been delayed in its landing and they have been having to circle around aberdeen and points to the north hoping and waiting for the fog to clear. 0ur impression is that aircraft is not on its approach but is about two or perhaps has just landed. approach but is about two or perhaps hasjust landed. but approach but is about two or perhaps has just landed. but behind schedule. and assuming that she is landing at aberdeen airport, she was then of course begin the road journey, the 45 mile road... she has landed, we understand. she hasjust landed, we understand. she hasjust landed at aberdeen airport. she will now begin the 45 mile road journey here to bow moral,

we have three vaccines in the city of lviv, this is actually a johnson & johnson plus pfizer vaccine.we also have a corona virus vaccine, we can get rid of that virus only if we are fully vaccinated , that is the maximum number of residents of ukraine, if it is vaccinated, we will defeat this covid-19, as of today, 53 patients with a positive test have been hospitalized in the st. panteleimon hospital of the first medical association of lviv from 12 to 18 patients per day receive from 12 to 18 patients with covid-19 twice as much as in the summer, the vast majority of those vaccinated are in a state of moderate severity, says medical therapist zoryana romanyshyn, in september we can say that a new wave of the disease has begun again - these are 53 patients who are in the department for treatment, only 17 have a full course of vaccination a-a and only three have a third-party dose of the vaccine, respectively, the course in them is an order of magnitude easier, the rest of the patients are older patients and the course of the disease in them is close to severe, the symptoms of the stra

johnson-johnson, this , by the way, gave the path the opportunity and authority to head the government, she became the third female prime minister in the history of great britain the position of minister of foreign affairs. before that, she was the minister of the environment, justice, international trade. taras advocates strict opposition to russian aggression in ukraine in this regard, and the position fully corresponds to the policy of ex-prime minister johnson well, in the summer, during the campaign in the conservative party trans, she repeatedly stated that britain under her leadership would help ukraine as much as needed, she also promised that the first trip abroad in the status of a pre-parish member would be to kyiv. the ukrainian foreign ministry informed the day before that this visit is already being prepared with us in touch oleksiy kubin political scientist oleksiy good morning good morning i congratulate you oleksiy most noticeably the most powerful opponent of russia lystras becomes the prime minister but to say that we are lucky for sure it will be wrong, we still have to build the right relations with great britain, which depends on us in these processes . sijsonson and this is a very important thing, because in essence it means that now that she has become the prime minister, she will now form by the way, the composition of the government will begin to form today, and in essence, we do not need to invent other algorithms tha

johnson and _ decisions. we will come to boris johnson and i — decisions. we will come to boris johnsonwe will come to boris johnson and i want to ask - decisions. we will come to boris johnson and i want to ask about| decisions. we will come to boris - johnson and i want to ask about him in a second. on that idea of rishi sunak, if he does lose this election, would he be part of the next cabinet given the criticism is that both candidates have been levelling at each other, what is your instinct?— levelling at each other, what is your instinct? there is not a huge amount of— your instinct? there is not a huge amount of precedent _ your instinct? there is not a huge amount of precedent for - your instinct? there is not a huge amount of precedent for bringing | your instinct? there is not a huge l amount of precedent for bringing in your closest competitor into cabinet straightaway. she might offer a concession but would he take it? he might— concession but would he take it? he might want— concession but would he take it? he might want to be a backbencher. that might— might want to be a b

johnson, and so was liz truss. liz truss came out in support of boris johnson _ truss came out in support of boris johnson when everyoneng, and nadine dorries made those comments about liz truss being dress _ those comments about liz truss being dress and _ those comments about liz truss being dress and accessories while rishi sunak— dress and accessories while rishi sunak was— dress and accessories while rishi sunak was bring expensive shoes. whatever— sunak was bring expensive shoes. whatever the case, this front is suggesting that we are just seeing the dying — suggesting that we are just seeing the dying throes of an administration that has been in power— administration that has been in power for— administration that has been in power for too long. it administration that has been in power for too long.— administration that has been in power for too long. it has certainly been in power— power for too long. it has certainly been in power for _ power for too long. it has certainly been in power for a _ power for too long. it has certainly been in power for a long _ power for too long. it has certainly been in power fo

johnson supporters were concerned about -- there is no sign that i have seen that liz truss will ship conservative policy. why is nigel adams worried that she may lose voters that boris johnson has reached? >> boris johnsonr power for and he has -- people thought that he could relate to. it will be a big challenge for liz truss to replicate that success. >> liz truss doesn't expect a lot of the loyalist to stay around. >> it is interesting that liz truss has been seen as the force johnson loyalist. /-- boris johnson loyalist. she stayed loyal to him until he resigned so that has been at dynamic. >> thank you very much and back with both of our guests. on oside source, we will speak to ian anderson who is the former you can government lgbt business champion who is appointed by liz truss in 2021 and he resigned. he is a conservative party member and he voted for liz truss in this leadership elecon and he is that cheap executive of the public relations country -- company cicero. i assume you are excited. >> this is the first candidate for conservative leader that has won. i am excited about that but i have known lizruss by 20 years and i have watched her grow in stature both as a politician and in governmen

pfizer, moderna, johnson & johnson, makers of vaccines. makers of cleaning products. makers of self -- shelf stable foods. ultimately the stock purchases or the trades that were being made were such that there were questions being asked about whether these were just trades being made in the normal course of one making a financial trade or if in essence they knew something about what was going on or decisions in that were going to be made that could have been beneficial. host: the transactions of members is not a national stock issue but a national campaign issue. back to north carolina it is on the minds of many. she is a democrat in north carolina here is that. [video clip] >> i have never worked in washington but there is a lot going on there that makes no sense. at this, 64 members of congress, republicans and democrats have broken able to stop insider stock trading yet washington refuses to do anything about it. i'm sherry beasley and i say let's ban members of congress from trading stocks altogether. senators should be working for you not themselves. that's why i

johnson and johnson. um if that time when i first started taking it, it was $500 a day for an american, but it was less than $50 a day for an australian and around $100 a day for european. we brought the ceo of johnson johnson ended the oversight committee. um to talk about this to some of the things that we've done already to let care. um, negotiate drug prices . these are this is one of the drugs. why shouldn't this is just outrageous? american taxpayers paid for most of this research. american pharmaceutical companies have a business model. um that takes that research adds to it deploys it, but then charges us more and then subsidizes the rest of the world. so for that drug, we brought the cost down just by pressure. it's down under $200 a day, but it's still not fair. another issue that the president highlighted today is. is this really promising research that's happening on on these blood tests? gallery tests? i believe there. called that that test for a variety of different cancers. how much of a difference do you think that can make in terms of testing for cancers that we might not have a specific test for and then also in terms of detecting these cancers earlier on its transformative, i get

johnson reached? i think boris johnson had _ that boris johnson reached? ink boris johnson had a personal- that boris johnson reached? i think boris johnson had a personal star l borisjohnson had a personal star power which liz truss doesn't have at the moment and borisjohnson had at the moment and borisjohnson had a long career in british public life, being a popular, charismatic person that people thought he could relate to. i think that is what he was hinting at there and i think it would be a big challenge for liz truss to... would be a big challenge for liz truss t0- - -_ truss to... you always do get a changing _ truss to... you always do get a changing of _ truss to... you always do get a changing of the _ truss to... you always do get a changing of the doubt - truss to... you always do get a changing of the doubt when - truss to... you always do get a | changing of the doubt when the truss to... you always do get a - changing of the doubt when the new government comes in and it has been interesting _ government comes in and it has been interesting t

around that time it might not have been typical for them to purchase pfizer, letter or not, johnson & johnson, makers of cleaning products, shelfstable foods. we could go on and on but ultimately, the stock purchases of the trades that werehe being made were such that there were questions being asked about whether these were just trades being made in the normal course and in essence the members of congress knew something about what was going on or decisions that were going to be made on capitol hill that could have been beneficial to the stock portfolio. >> it certainly is on the minds of the voters after you've talked about senator burr. this is sherry beasley running for the seat in north carolina. years that ad. >> i will admit i've never worked in washington but to me theree is a lot going on that makes no sense. sixty-four members of congress, republicans and democrats have broken the law to stop inside stock trading at washington yetn refuses to do anything about it. senators should be working for you, not themselves. >> an issue in north carolina. are you surprised there's not a bigger

next up, merck, it's outperforming competitors like pfizer and johnson & johnson you say this is a solid have merck, lilly, those charts look good so take a chart like merck, it looks far healthier. it's trading above the 200-day moving average whereas a pfizer looks like it's rolling over even with the outperformance, it's still below the ten-year average. just from a fundamental perspective, really solid drug pipeline again, back to sort of profitability margins, cash position, these are the things you want in this market. >> finally, jeff, shares are still down 16% in 2022 you say this name is still a buy? >> yeah, i think it is it's one of these things where health care overall, it's sort of a tough market, good charts i think you have a lot of good charts in health care, but then i think danaher is one of those names. still 20% off its highs. and that's holding the recent uptrend. just for those that don't know, these guys make drug equipment, so for disease testing, vaccine development, a lot of things are tied to biotech and r&d spending, but it's a lot less risky. i think because

johnson. -- boris johnson. the israeli army concludes there is a high possibility that american soldiers killed the american palestinian journalists. eight defendants go on trial and france charged with the carrying out of the 16 -- 2016 terror attack in nice that left scores dead. to our viewers in pbs and the united states and around the world, it is good to have you with us. 50 years after the deadly terror attacks of the munich olympics, this german president has officially asked is really families for forgiveness. 11 israeli athletes died after they stormed their compound in the olympic village. quickly it was an apology half a century in the making. germany's acknowledgment that it failed to protect the 11 israeli olympians who were murdered by terrorists. >> in the name of the federal republic of germany, they asked for forgiveness. and for the lack of clarification afterwards. this is herend now. and for the future. the families threatened to boycott the ceremony after battling for decades. shortly before the anniversary, the two parties finally agreed on a 28 one million euro compensation package before it came to that. >> i will never stop talking about it. that will never happen again. and those who were responsible for it will pay the price. please forgive me that it took me so long. at the end of the day, you are still gone and nothing can change that. >> the jewish chamber orchestra performed moving interludes between speeches by israel's president as well as several german officials who echoed the apology for the role in the massacre. they died 50 years ago. >> i asked him what took germany so long to apologize. >> several things took so long. i think the last living witness of this was instrument in bringing the games to munich. i think it makes it easier if there is generational change to apologize for something like that. the other big reason is germany wanted to celebrate the 50th anniversary of the games and without a german apology, without the agreement that they would be set up witout significant compensation payments, i think theelatives of the victims would never have come. germany was put in a corner. rightly so. will this be enough for the families of the victims? it was not jt the money. it was the acknowledgment of german responsibility, acknowledgment of the failure and detecting the israeli athletes, acknowledgment of the repression of that memory. they participated in t place where this happened. >> we are commemorating 50 years of this massacre and they are still many unanswered questions about what went so terribly wrong at the games. do you think we will ever get a full picture of what happened? >> it should be possible now with this kind of acknowledgment. these previous politicians are no longer around. there are a number of unanswered questions beginning with what the links were between black september komando and the german extreme right. also, the connections with the extreme left, the red army faction. that has never been clarified completely. why was it that the israeli athletes were put up in a relatively easy -- easily penetrated will building. there would've been another thing that would have been cleared up. finally, why was it possible for surviving palestinian terrorists after the event? there has always been rumors of a secret deal between the german government and the plo. these need to be answered urgently. >> a lot of work ahead. i do want to ask you about the subtitle of your book. how did the munich olympics shaped modern germany? >> to explain that, the title of the book, it is not so much about how they shaped germany rather than how they reflected the modern germany as it appeared in 1972. this is a metaphor of all t things that changed in german society. including if you reject military power. this is just one of the big failures but in lots of other ways, german socie changed the title is more about the making of modern germany as a metaphor. >> thank you so much. after a bitter contest, liz has been elected leader of britain's conservative party and now will become the u.k.'s next prime minister. his father's two months of heavy campaigning. the economy is said to be the new prime minister possible of pressing task with the u.k. facing a cost-of-living crisis and soaring energy charges. in her acceptance speech, she promised to tackle those challenges head-on. >> i will deliver a bold plan to cut taxes and grow our economy. i will deliver on the energy crisis dealing with people's energy bills but also dealing with the long-term issues we have on energy supply. >> i asked this dw correspondent about the biggest issues liz trust will have to address. >> the most pressing issue for her is the cost-of-living crisis. britons have seen real wages falling to historic lows and at the same time, inflation has been rising. it is over 10% at the moment and there are some forecasts predicting it could rise up to 20% in the coming months. that is a very dire economic situation for a lot of people. britain like other europeans are facing increasing energy costs. britain is subject to the higher energy prices. it is a huge problem. this is a huge list of problems. >> that would be my next question. do we know how she is planning on dealing with these problems? there will be no handouts. this is not how she wants to go about things. how is she going to finance that? at the moment, we don't know details. in general, she is somebody who does not believe in redistribution but she wants to grow the economy by cutting taxes and she will really have to explain to the british people how exactly that will help people who are already feeling the squeeze in the hardest way. >> and literally put the money where the mouth is. >> let's look at the bigger picture. >> they have been responsible for relations with the european union. at the moment, they are really not at their best. she has kept this threat on the table. she threatens to basically walk away from part of the divorce deal. it is about tensions in northern ireland. she has not been very conciliatory. she has said that the jury is out. she has not identified president macron. one of the most important partners. the british people will probably see them as a friend. that has earned them a lot of criticism. their relations with the european union are really not at their best. they are quiet sarah. she has not indicated she is doing anything in the near future to change that. >> thank you very much felix: -- thank you very much. >> a court in russia has sentenced a journalist to 22 years on charges of high treason and spying. he said he was only engaged in journalistic activities. he will have to serve his sentence in a maximum security facility. the two facilities were said to be shut off mid april of 2023. they will now be put on reserve in case they are needed to stabilize the grid. voters have overwhelmingly rejected a new constitution that would have replaced the existing one adopted during this dictatorship. the israeli army has said there is a high possibility that this happened nearly four months ago. no one would be punished. they had been shot by a soldier that mistook them for a militant. a journalist was wearing a helmet and a vest identifying her as a member of the press when she was killed while reporting from the occupied west bank back may -- back in may. >> they called this the final findings of the investigation. they told us today in a briefing that they took into account the soldiers were there, all the materials have the forensic evidence and audio and video material. they have concluded there is a high possibility that the quote was -- that it was quote it by gunfire. this account was questioned by numerous palestinian eyewitnesses on the ground. also by those media investigations and other material. the soldier likely to be involved would probably not have seen her. what follows out of it is that they also released a statement saying that it would not open an investigation into any soldier likely to be involved. a radical islamist drove a truck through the crowd. as they celebrated national -- france's national day. the municipal police officer, patrick was off duty that day and narrowly escaped the attacker. >> i happened to be too low for the truck to drive through. over there, there were a few palm trees. i was somehow in a safe zone. it put me into a protective bubble. they passed me without seeing me. >> that night, a 31-year-old attacker killed 86 people and injured more than 400. once the truck had stopped, the officer went down to the beach to look for some friends he had been with earlier. he eventually found tm, they were also unharmed. physically that is. >> since then, i wonder why i am alive and not dead like the others. i feel guilty about it. that makes life a struggle. my job as a municipal police officer has it i cannot go arbitral and more. i can only do office work. it is as if there were a snake inside me that sometimes bites me and makes me cry. >> i want answe. for example, what did the attacker do when he went off radar. i expect the judges to condemn these people for what they have done in a proper way. quickly officer says he will never be able to leave behind the dreadful memories of what happened that night. >> our correspondent, lisa louis file that report and has been following the trial in paris. click on the 14th of july of 2016, a 31-year-old man drove a truck into a crowd in the southern city of nice. the attacker was killed by police that night. they have been telling us civil plaintiffs are hoping it will help them better understand how such an attack could happen. and find some peace of mind after having survived the atrocious assault and having lost their loved ones. >> the kenyan supreme court has rejected challenges to the presidential election results of holding william ruto's victory. opposition candidate, raila odinga pointed to irregularities and presented a precision to the -- petition to the court. they had them diss on the result. he would respect the supreme court decision even though he strongly disagrees with it. the judge is dismissed all nine claims by raila odinga's lawyer. we don't know if there was any tampering with the results. >> people have been celebrating in various lations across kenya. >> i have decided to stop supporting him and i have accepted that th have lost. now that he is old, he should retire. >> the court dismissed all of the claims lodged by them and all of the other petitioners. william ruto thanked his supporters and said he would also serve those who did not vote for him. >> we are not enemies, we are canyons. >> my election opens possibilities for all of our children. irrespective of their background, irrespective of where they come from and their financial status. >> meanwhile, his rival has put out a statement saying that we respect the opinion of the court although we very much disagree with the decision today. this judgment is by no means the end of our movement. in fact, it inspires us to redouble our efforts to transform this country. >> william ruto will be sworn in next tuesday according to the constitution. this was their fifth unsuccessful bid to become president. at the age of 77, he said this was his final attempt. >> william ruto won by a margin of less than two percentage points over raila odinga. his biggest task will be to reunite a very divided country. because the german president has asked israeli families for forgiveness for failing to protect the israeli libertine. 11 israeli athletes died after palestinian militants stormed to the compound in the olympic village. you are all up-to-date but do stay with us. after a short break, i will be back to take you through the day. see you then. wñabúú >> welcome back. you are watching live from paris. thank you for joining us. liz truss promises able economic plan as you prepare to take over as britain's next prime minier. she will meet with the queen to formalize her leadership after boris johnsonnds in his resignation. if i'm open city pairs over the 2016 at bastille day attacks that killed 86 people in the southern city of nice. people accused of helping of the attacker who was killed by police. showing european

johnson will _ what happens? we know that boris johnson will be _ what happens? we know that boris johnsonjohnson will be making a final speech from here and downing street, should the weather allows. sometime around breakfast and then he will be heading up to scotland, to balmoral, to meet the queen and officially tender his rig doing that resignation.— tender his rig doing that resignation. and then the backbenchers? _ resignation. and then the backbenchers? yes, - resignation. and then the backbenchers? yes, we l resignation. and then the - backbenchers? yes, we think we haven't heard _ backbenchers? yes, we think we haven't heard anything _ backbenchers? yes, we think we haven't heard anything of - backbenchers? yes, we think we haven't heard anything of his - haven't heard anything of his ambitions beyond prime minister. perhaps _ ambitions beyond prime minister. perhaps he will write newspaper columns — perhaps he will write newspaper columns are after—dinner circuits but at _ columns are after—dinner circuits but at the — columns are after—dinner circuits but at the moment he goes t

johnson is accompanied by this johnson-abercrombie the. welcome. -- both mr. johnson and miss johnson-abercrombie lead the departments efforts to address -- we are also joined virtually by mr. thomas costa, the director of the government accountability office education workforce and income security team. -- and addition to these assembled witnesses, i ask for unanimous consent to enter into the record a letter i received from the equal employment opportunity commission, which identifies a number of deficiencies within va's equal opportunity employment program. -- without objection, so ordered. before moving to witness statements, just a reminder to mr. costa, who is virtual, please pause for a couple of seconds before speaking so we fully capture your comments. now, i want to recognize mr. johnson for five minutes. >> good morning, chairman pappas, ranking member mann, and members of the subcommittee. thank you for inviting us here today to discuss va's efforts to prevent and effectively respond to sexual harassment and sexual assault. joining me today is miss petite

god, let joe biden not speak yet, not soon, let's say his farewell speech boris johnson's term will pass johnson says johnson his political career he has finished only one of its stages it is absolutely obvious he is a very charismatic person with a foundation because he has such a worship of the devil he wears instrumental character. he wants to be like his idol in extraordinary actions. and he succeeds in this, frankly speaking, not bad. well, i think at one time. if i quote correctly, when hitler was defeated, he said after a while that we slaughtered the wrong pig, meaning that we did not win . also stalin, and he allegedly called on the united states to drop a nuclear bomb on the kremlin, i don’t know if this happened or not. well, maybe he will finish the job, he is churchill’s state and at least make russia safe for the world, as it were it didn't look like thank you very much thank you very much yevhen yevhen magda was with us veteri he is the executive director of the institute of world politics very interesting professional conversation and professional comments from pa kohan as always we are very

look at dow heat map here, johnson & johnson, chevron, merk, sales force and nike with boeing. those are the leader and boeing was the lagger yesterday. the "claman countdown" is coming right back, don't go away. ♪ >> i give you million, $27 and then up to $28 and then two weeks ago it was $94 for potatoes. how do you expect -- if somebody wants french fries, how do you expect to set a price on that? you can't. it's impossible. our profits are getting less. i don't know. to be honest with you, the way food is right now, plus you can't get anybody to work. nobody wants to work. liz: if you could speak to anybody in washington dc, what would you say? >> i mean, this giving away money is not the answer. too much money out there is not the answer. i mean, i'm kind of really frustrated. >> really? definitely. academy award nominee actor chazz palminteri on the "claman countdown" and how extreme spending bruising his restaurants. he hads two restaurants in new york and cameron mitchell restaurants with 17, soon to be 18 cities that host his restaurants across the u.s. l with 39 locat

johnson & johnson, those are the kinds of names. you don't want to purchase the highest yielding stocks, you want companies that can grow their dividends the fastest. . the trailing one-year dividend growth in our portfolio is 20%. haidi: nancy, always great to have been with us, ceo and cio at laffer tengler investments. more to come on "daybreak: australia." this is bloomberg. ♪ shery: a looming strike by u.s. railroad workers is starting to roil the commodity markets, raising concerns about higher prices from natural gas to corn. su keenan is here. we have already seen a natural gas prices soar today. su: yes, big moves in commodities. if there is a strike, it raises the question of added cost of moving coal and corn. the concern that there will be a disruption in supply is causing the gas to serve. it was up 11% today. it settled with a gain of 10%. you can already see the trajectory of the week as there has been concern about the looming strike. the european natural gas storage just adding to the momentum and putting additional price pressure on the gas. again, the concern is that coal delivery will be disrupted. that generates 22% of all u.s. electricity it could cause power generators rely more heavily on a really tight supplies of natural gas. and you have corn noted by barge to be delivered to the gulf coast, it already jumped to the premium, barge deliveries jumped 5%, so there is concern that corn could be moving more by boat in the weeks ahead if the strike moves forward. the biden administration is involved to try to avert it. amtrak is already talking about halting some of its longer-term railroad lines in anticipation of the strike. the deadline is friday, but shipment would stop on friday if there is no aversion. haidi: how much worse could things get? su: the estimate is that if we have a strike, it could cost $2 billion a day to the u.s., already adding concerns into inflation. in the bloomberg, you can see that inflation is the number one concern now. it is pressuring the fed to now look at hiking rates even higher than anyone anticipated. so the inflation pressure is the number one concern. would it make things worse? the good news is many close to the situation say the strike is unlikely to last long term, two days might be the maximum. and again, the biden administration is working hard to reverse that. if you look at commodities, natural gas is coming down. nymex crude oil and brent crude are in the green. oil climbing on optimism that demand prospects in china could brighten. even though the iaea sees a significant drop in demand due to the china lockdown, and that is informing their view that global oil consumption will be a bit less than anticipated. although they still anticipate a 2 billion barrel a day increase. and finally, oil hit its lowest level since january earlier this month and it has been coming down, back to key levels. shery: not surprising the numbers from the iea, given the china lockdown and spreading starting to fall. su keenan, thank you. plenty more to come on "daybreak: australia." this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. shery: chinese president xi be and russian leader vladimir putin said to meet face-to-face for the first time since the ukrainian war began, and the key question seems to be whether beijing will offer military aid. for more, let's bring in chief north asia correspondent stephen engle in hong kong. we saw a pledge for a no-limit ownership earlier this year, but will that included military offer? stephen: that would be a significant elevation in beijing 's support of moscow. obviously any type of military aid could potentially attract sanctions from the united states, and beijing has walked the tightrope obviously since the february meeting between xi jinping and vladimir putin when they signed the no-limits partnership. but military aid would be a whole new bob good essentially, beijing, at least initially, it balanced the support for russia well also not necessarily directly endorsing the war in ukraine. well, things have changed dramatically. moscow and which includes a war there has taken a number of drastic turn for the worse for vladimir putin of late, a number of battlefield defeats. and this meeting could potentially be a venue for vladimir putin to ask in-person from xi jinping for military aid, whether it is troops or hardware or financial aid to support moscow's war in ukraine. many experts say it is highly unlikely. highly unlikely that xi jinping will necessarily agree, because, again, there is a risk of further sanctions against beijing. as well diplomatically, at home domestically, what would that achieved for xi jinping ahead of that critical party congress in the months' time? so there is potentially a lot at stake for vladimir putin. for xi jinping, this is his opportunity as he tours through central asia as he has been at home for 970 days and has not traveled abroad, his first trip in nearly 1000 days. it is his opportunity to show that he is back on the world stage. he was in kazakhstan yesterday where he launched his belt and road initiative, kickstarting his third-term tour in office. uzbekistan is the next stop. he will not necessarily bow down to demands of vladimir putin. haidi: our chief north asia correspondent stephen engle there with the latest. australia is expected to avoid recession even as its top trading partner china is slowing sharply. let's bring in our economics reporter here in sydney. seems like the lucky country will have that stretch a little bit longer. . what is making australia different in this environment? swati: good morning. australia has found itself in this unique position, one of the rare beneficiaries of the fallout of russia's invasion into ukraine. australia is one of the largest exporters of coal, iron ore and lng and we are benefiting from the surging prices. at the same time, the australian dollar has not risen, it has averaged around $.69. that is benefiting all exports and bringing in a huge amount of money into the government coffers, which is great for our budget position as well. also, monetary policy is not expected to be as aggressive as in the u.s.. these are the two major reasons why australia is likely to avoid a recession. shery: what is the major risk for australia that could derail this path? sweaty fish the major risk that everybody has their eyes on is the property market. we are seeing already a very rapid contraction in our home prices, particularly in sydney, which is the bellwether market for australia. if there is a sharper projection of more than 20% or 30% fall where people are forced to distress-cell or where the default -- to distress stephen: -sell, or default on their mortgage, that would be bad. shery: swati pandey there with the latest. south korea's top negotiator says he is hopeful of the resolution with the u.s. in a dispute over vehicle subsidies. discussions beginning on friday. >> most governments agreed on the system to address the situation and to rapidly resolve the situation. so, this time, i agreed with the ambassador to establish a bilateral engagement channel. working level discussions will start actually this friday. both governments will candidly discuss all possible proposals and we will see how to solve the problem. >> could those proposals include some waiver for korean carmakers who are working very hard to build plants in the u.s., just not in time? >> i cannot prejudge any decision, but we are considering all possible and feasible solutions. the problem is the legal provision in the law, which is, realistically speaking, difficult to amend. because it was just enacted into law. but including the possibility of amending the current provision, we will try to find out all of the feasible options, including the guidance or the implementing of systems, as well as the amending of the final law. >> would it be ok to say that it is good to be hopeful about progress going forth? >> i hope so. both governments will try our best to solve the problems as possible. nowadays the biggest concern is how to maintain and strengthen the trust between korea and the u.s., because of the ira. we have many things to do in the future. again, as a mentioned, this kind of thing can happen, but there are more important thing is how to address the situation. both governments can rectify the problem. >> how worried are you about the growing rivalry between the u.s. and china, given that korea is somewhat sandwiched between those two countries? >> yes, the tension between the u.s. and china continues to grow , and we also have lots of concerns about the situation in taiwan. particularly after our industry witnessed what was happening after the ukraine situation gets worse and worse, we have lots of concern about the potential situation in this area, this part of the world. mainly the taiwan situation is one example, there may be numerous other potential uncertainty. that is why we try to establish and stabilize the innocuous commercial relationship with china as well. >> do you worry that this could somehow undermine or weaken the industry competitiveness of these factories? >> we need for investment in korea, especially in the high-tech industry sector. we need capital, talent, and technology. that is why the trade ministry is trying our best to make korea the asian investment hub. because of the situation, like it or not, a lot of companies will have to leave china. but they cannot leave completely the asian market. we hope that some of those companies can come to korea, and here we try to provide a safer and more stable platform. haidi: south korean trade minister speaking there exclusively with bloomberg in seoul. let's get you the first word news with vonnie quinn. vonnie: a u.s. senate panel approved a bill to boost ties with taiwan and send military aid which could change decades of white house policy. the biden administration says current u.s. policy is still working, and the legislation would take policy-making out of the president's hands. the international energy agency says china's demand for oil will drop the most in three decades this year as covid lockdowns and property prices weigh on growth. demand falling by 20,000 barrels a day, or 2.7%. that has led the iea to trim its outlook for global crude consumption to an increase of $2 billion a day, in sweden, the prime minister is conceding defeat and says she will resign on early thursday. the announcement comes as the opposition, led jimmy ackerson, looks set to score a victory in one of the closest elections ever in the largest nordic country. magdalena andersson became sweden's first female prime minister a year ago. sweeping sanctions against russia have cost the country hundreds of billions of dollars, according to an internal finance ministry document which found significant hit to the stock market and foreign exchange reserves frozen by the restrictions. russian president vladimir putin gave officials an upbeat outlook on monday, saying the nation is headed for a growth trajectory. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: the coffin of queen elizabeth the coffin of queen elizabeth ii has arrived in westminster hall to begin four days of lying in the state. thousands lined the street to watch the procession. bloomberg's lizzie borden has more. >> we have just witnessed one of the most poignant moments in this period of national mourning for queen elizabeth ii. her coffin proceeded from buckingham palace to the palace of westminster via a parade in whitehall, followed on foot by her children and grandchildren, evoking the image of when prince harry -- of when the princes walked behind the carpet of their mother over 20 years ago. now the coffin lies in state at westminster hall. hundreds of thousands of members of the public of all ages, classes and nationalities are expected to file past it to show their respects, despite the rain last night. they queued for hours and hours. the warning is that they will wait for 30 hours, but it is a mark of the public's respect and affection for elizabeth the great, as former prime minister boris johnsonr. it is unlikely that we will see in our lifetimes a british monarch reign so long. it is unlikely that we have seen an outpouring of national grief on this scale before. it is history. lizzy burden, bloomberg news, westminster. haidi: next, we are counting down to the ethereum merch. satori research joins us to discuss just how big the stakes are. this is bloomberg. ♪ >> the ethereum merge is a really big story. it is finally here, and that gives energy to the space. >> growing proof of stake is a huge step for ethereum. it makes the network more secure, it is using less energy and ready to be much more scalable. >> ethereum's energy and consumption will go down so it will go from being a big problem to basically not a problem at all. >> whereby in the past you could hold your ethereum and use it but if you were an institution, now you can steak it and earn yield on it and that will definitely be a turning point for ethereum. >> we have been much more excited about ethereum in the la

johnson emerges as president is particularly problematic. it spanned a certain long-standing concerns that the african-american community had about lyndon johnson going back to his time in congress when jon candidate selected lyndon johnsonning mate in 1960 at the democratic convention, average americans were particularly concerned and upset by that choice. it has to do with the lyndon johnson long history as being seen as someone who was willing to compromise with his fellow democrats in the south to thwart progress on civil rights. while lyndon johnson was on the senate majority leader, he made it clear that he was trying to keep his coalition together. and in order to do that, he was willing to make sure that important civil rights legislation either never passed or what was ultimately passed was watered down so is doing the bare minimum. this was something african-americans washed with great concern while he was a senate majority leader so that when john kennedy selected as his running mate there's an outcry from the african-american delegates to the extent the candidate campaign had to put together a special breakfast in order to try to win over the black delegates that were there to kind of reassure them even thoug

next conservative leader and therefore succeeds boris johnson _ leader and therefore succeeds boris johnson when she has seen the queen and been _ johnsonhe queen and been asked to form a government, when you _ and been asked to form a government, when you become prime minister, you are not— when you become prime minister, you are notiust _ when you become prime minister, you are notjust given the nuclear codes, — are notjust given the nuclear codes, but you are briefed about things— codes, but you are briefed about things that you are not allowed to know _ things that you are not allowed to know beforehand. so how much will that briefing influence liz truss in her decisions? it seems she is not only preparing her top ministerial team _ only preparing her top ministerial team but— only preparing her top ministerial team but it looks like she might want _ team but it looks like she might want some fundamental reforms in the energy— want some fundamental reforms in the energy market. could she decide that it is actually necessary to cap the -as it is actually necessary to cap the gas price? — it is actually necessary to cap the gas price?

johnson! hear, save the king. boris johnson! hear. hear- _ save the king. boris johnson! hear, hear. thank _ save the king. you, i save the king. boris johnson! hear, hear. thank you, mr i hear, hear. thank you, mr speaker- _ hear, hear. thank you, mr speaker- i— hear, hear. thank you, mr speaker. i hope _ hear, hear. thank you, mr speaker. i hope the - hear, hear. thank you, mr speaker. i hope the house| hear, hear. thank you, mr i speaker. i hope the house will not mind if i begin with a personal confession. a few months ago the bbc came to see me to talk about her majesty the queen and we sat down and the queen and we sat down and the cameras started rolling and they requested that i should talk about her in the past tense and i'm afraid i simply choked up and i could not go on and i am not easily moved to tears but i was so overcome with sadness that i had to ask them to go away. and i know that today, there are countless people in this country and around the world who have experienced the same sudden access of unexpected emotion. and i think millions of us are trying to understand why we are feeling t

he performance by boris johnson, classic boris johnson.- classic boris johnson. ed down the idea he could make a political comeback. i do not think speculation about him will go away. i do not think we have heard the last of him. he was clear that in the immediate future he sees his role as supportive of the prime minister. he said a booster rocket that has fulfilled its function. i think he is trying to persuade us that boris johnson think he is trying to persuade us that borisjohnson mark think he is trying to persuade us that boris johnson mark two think he is trying to persuade us that borisjohnson mark two is probably not going to happen but with borisjohnson, i suspect he might be tempted to make his views known a bit in the future. you wonder what _ known a bit in the future. you wonder what conversation he is having with his wife as they head to the airport to fly to bal moral. how he genuinely is looking back. there was no emotion, no crack of the voice, nothing visible. it was boris johnson energy. interesting to compare it with theresa may, david camero

johnson & johnson now is jerry demings, the mayor of orange county.'s the latest in florida. do you have reports of deaths or major damage? >> we're very, very fortunate here that we have not had any reported deaths. in terms of damage, yes, we had damage. but things were bad, but they could have been a lot worse. and i say that because it had been projected that we would have as much as 24 inches of rainfall across our country, 1,000 square-mile county. we managed 12 inches of rain, which did result in localized flooding. we had only a few areas that had major flooding that occurred here within the area. we have about 216,000 households without power at this time, but we had no one who ended up without water. and so that put us in a much better position. in terms of damage, yes, we had a significant number of trees down, power lines down, et cetera, but no significant structural damage occurred across the county. in fact, we're very optimistic that as soon as this weekend we may see our theme parks reopen for business. >> although i do understand you

good to see you, senator ron johnson. johnson. >> have a good day. maria: you too.ed we will be. w'. okay. let's go. mom, do you know where some wrapping paper... need to wrap something for grandma. uh, yeah. ready? yeah. this is the plan to finally connect with our family's heritage. grandma! start your plan today with a northwestern mutual financial advisor and spend your life living. ♪ ♪ here goes nothing. hey greg. uhh...hello? it's me, your heart! really? yes! recording an ekg in 30 seconds. tada! wow, that was fast. you know it! kardia offers the only personal ekgs that detect six of the most common arrhythmias in just 30 seconds. so you can manage your heart health from home, or on the go. your heart rhythm is normal. no arrhythmias in sight. i wonder what my doctor would say. ooh! let's find out! with kardia, you can email your ekg directly to them or send it to a cardiologist for review. kardia can do all that? all that and then some, greg! kardia also gives you access to heart health reports and automatic ekg sharing. what next? let's get some fresh air. been cooped up

johnson has been an executive due to rector streamlining sales, -- an executive director streamlining sales. mr. johnson has been involved with the streamlined sales tax project since 2006. our sixth witness is the president of sales tax consultant and technology firm. she is also the founder of a sales tax institute which allows -- which provides classes for small businesses to comply with sales tax. she was a professional with quaker johnson -- with quaker oats, johnson & johnson, we are very glad you are here. mr. mckee, it is your turn to start us off. i would like each witness to take five minutes or so, we will put their remarks in their entirety and are congressional transcript. go ahead. >> thank you for the opportunity to discuss the work on remote sales tax collection, including states and business experiences. sales tax are important to our states it accounting for one third of all sales tax -- on all collected red new. -- tax revenue. states move quickly to put in legal requirements for remote sellers. our current work has determined that 45 states have required collecting sales tax based on -- whether local taxes apply. what these variant d sheet -- these variations add to the burner for businesses. for example, the collection and remit in -- the collection and remit requirements vary significantly. more than a dozen states have root -- have adopted requirements in the months leading up to this supreme court de

what if you got the johnson & johnson one dose vaccine, we were counting the number of shots which isn'tu vaccine. every year for the flu vaccine you're told to get the updated flu vaccine, whether first or 50th, we're not counting the number whether you got the vaccine. that is how we should look at covid going forward. simplifying that terminology is important and having eventually we don't have this yet but eventually i hope there will be a combined flu covid shot because that would also help to simply by the administration and make use of flu clinics and things that exist to increase uptake of both the covid vaccine and flu vaccine. >> i definitely prefer one shot over two jabs. that's for sure. good take on that. dr. leana wen, great to see you. thank you. >> thank you. >>> so we're going to take you back to london in just a moment as king charles iii is formally announced as queen elizabeth's successor. cnn is live in scotland just moments away. stay with us. wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fun

mcdonald's moved up into positive territory and johnson & johnson and consumer names that helped us outw nvidia is impacting and that's the biggest decliner in the dow about the restrictions on the china ai chip from the u.s. government there that's bringing that stock down to new low land and amd. micron has gone on positive and that's negative most of the day. a lot of people have been trying to go short the semis and go long software and that's been a big play here and that's not working today and the earnings there coming zscaler and crowd strike so that trade is not going very well and there's a lot of confusion about the messages that are out there look at these energy stocks down again today and that's a down move on that that's happened several times this week, up and down but look at these leading indicators they have oil here now and it's the lowest levels almost since january moving down on oil and crude's down 86 right now and that implies obviously, lore demand or inflation and then they have the two-year breaking out here and what does that imply at this point? you know th

market, consumer staples like general mills, if you look at parts of the health care sector like johnson & johnson or even utilities like duke energy where you can still get 2.5 to 4% dividend yields. equity market participation, these are the types of companies that are going to be rewarded if equity market uncertainty continues >> if you think it's like the 1940s i'm waiting for brian to say his favorite musical artist from the 1940s. >> duke ellington. next. >> thank you for that, brian you're the second guest in two days to suggest general mills is a good play right now. i'm curious tooen even though it's a consumer staple and people have to eat and they want to eat their cheerios or what not, are you at all concerned that consumers, especially at the lower end, are going to begin to choose store brands and the conventional wisdom about the safe plays may not hold? >> it's a great question and something that has to be watched closely. look, the reason things like utilities and staples tend to rally is because they tend to be a little bit more elastic, people tend to have to eat to your point t