let's bring in overstock.com ceo jonathan johnson. great to have you here. >> great to be on. a story. we know that e-commerce has flourished during the pandemic and that's not a good thing but you really have flourished. are these new customers that are driving growth for you? what parts of the country are they in? and tell us really what they're buying. >> so lot of new customers. our new customers tripled during the second quarter. they are really all over the country. one of the things that's really benefited us during a stay-at-home mandate is we focus on home furnishings. 92% of the products we sold in the second quarter were home furnishings. people are staying at home, they are moving online and they are sitting on the couch that they need replaced or they are working from home and need a new office chair, or they are tired of being inside, they are moving outside and they need a new patio set. we are selling all of those things and lots of them. cheryl: that's interesting. you're right, people are home and they are turning their homes into home offices, maybe on a per

i'm jonathan capehart. joshua johnson continues coverage next. ♪ we see you.rt by looking out...for all of us. and though you may have lost sight of your own well-being, aetna never did. by setting up virtual monitoring for chronic patients, 24-hour telemedicine visits, and mental health resources for everyone. we're always here to help you focus on your health. because it's always, time for care. ♪ no uh uh, no way come on, no no n-n-n-no-no only discover has no annual fee on any card. n-♪-n-no-no ♪ ♪all strength ♪we ain't stoppin' believe me♪ ♪go straight till the morning look like we♪ ♪won't wait♪ ♪we're taking everything we wanted♪ ♪we can do it ♪all strength, no sweat tthis is xfi complete from xfinity.. you'll get the xfi gateway with advanced security, so your connected devices are also protected. and stay out! plus with unlimited data, you can stream and scroll more than ever. and we'll ensure that you get the most wifi coverage throughout your home. this is xfi complete. simple, easy, awesome. get the security, unlimited data and wifi coverage you nee

well joining me now jonathan allen senior political analyst and alensia johnson and former aide to elizabethsidential campaign. jonathan, starting with you. your latest analysis piece you write that trump's convention no-brainer shows slow creep of self-interest. do you get the sense this abrupt turn in the treatment of the virus is all about political self-interest? >> yes. kendis, i think that number one obviously there is some degree of desire to protect the american public as he said. but we had a president who went out to do a rally in tulsa, oklahoma, tries to pack his fans into an arena just last month and didn't think public health dangers and risks precluded doing that. and now he's canceling his convention in jacksonville. i think it dawned on him very slowly that the best thing for his politics was to get the public health aspect of this disease right, to get the american public safe and he's seen his poll numbers slide precipitously based on his handling of the coronavirus and handling of the protesters against racial injustice and the killing of george floyd. but particularly th

jonathan ferro in new york. i'll be joining him in london. we take up looking at the u.k. economy. this is bloomberg. ♪ guy: live from london, i'm guy johnsoniley leinz. alix steel is off today. let's talk about what is happening in the hedge fund industry and a little bit more detail. the bloomberg television exclusive. cio -- jim 11 spoke with erik schatzker -- jim levin spoke with erik schatzker about covid and whether the conversations will make it hard for anyone to make money. jim: this will be going on for long time. there will be default spirit i pre-covid, thee u.s. yield market traded something like 350 basis points. bond wasge high-yield 350 over. at that time, and this is been going on up and down for the last several years, at that time , there was plenty of capital being raised for activation funds come the activation funds needed to be activated upon some of that. that event was typically something like high-yield going to 700 over or 750 over. , if youmoment in time got to 750 over, that has to be an unbelievable opportunity to deploy capital and credit. that is where it is today. the u.s. high-yield market today, depending

jonathan. do you believe the civil rights act would have passed had kennedy survived? johnson used kennedy's memory to put pressure on legislators to pass it. andrew: i believe it would have happened, but taken longer. there is no doubt that as a legislator, lyndon johnson was far more skilled than jfk. , a great, of course element of sympathy and a feeling this was an initiative business. credit that all the for piloting,ed navigating, guiding the civil rights bill to passage in july of 1964. but i think kennedy deserves credit. the bill had cleared committee in the house of representatives by the day that jfk was killed. jfk had made an alliance not with the democrats but midwestern republicans. he had reached out to them and they were supporting it, particularly in the senate. he had gone to everett dirksen and others. i think it would have gone through, maybe not then, but eventually. it might've taken to 1965 through -- 1965. but full credit to lyndon johnson for doing it when he did. i don't think he could have done it with the same success without the death of jfk. coll

director producer writer and actor jonathan len thank you so much drama coming on so for those who have seen yes minister around the world hacker would be boris johnson so mark sedwill would be so humphrey appleby what did you make of the head of britain's civil service quitting this week of course well i'm not sure that he actually quit him out for his intention to you know as an injection to get i mean obviously he pushed about bill and about it because yes minister and the instruments or was about the conflict between politicians and civil servants and who's going to run the country and politicians dude civil servants elitist. nonelected group of people who were running the country in what they thought was either their own interests or the country of trust. and that they were not responsive to the politicians who represented the electorate. and the civil servants to do that the politicians were short term grabbers who would do anything to win the next election. those are true but fuser true. both i tell you what though in one of your episodes and she doesn't merge in the series dorothy wainwright who is a special advisor now i have to tell you goi

jonathan mccall is here in the studio live with us now with what that report has to say johnson lots of information to digest tonight of les hope am right now the city council members learning details of that 70 page report. >>all afternoon long i've been combing through it inside there are 45 recommendations on how the department can improve its image. the city commission that study last year and according to the company behind it. they say the findings are mixed the study found that the department suffers from an us against the world mentality. it goes on to say that the department not fans of local political leaders, the media critics and members of the legal community. the study provides 45 recommendations as we mentioned when it comes to dealing with officer involved shootings here some of those recommendations so they found the department should have a family liaison to help families get answers and more clarity about the investigation and for stricter guidelines for activating body cameras exceeding requirements for transparency releasing video and other critical information m

jonathan ferro, i will be joining him in london. this is bloomberg. ♪ alix: left from new york i'm alix steel with guy johnson in london.are you reading right now? on the bloomberg terminal -- our top stories on the bloomberg terminal outlined hedge fund fees. some have been able to raise their fees, for most that fee model is a thing of the past. joining us now as andrew beer, a dynamic beta investments founder. the hedge fund guys probably hate you, andrew. the question is, why did fees here? how do we get to this model that totally fell apart and where does it go from here? andrew: it is a very good question. i thought the article was terrific. in central issue is, back the 1990's when the business was the two and 20 model was designed for small funds. if you are raising a fund, having a high management fee allowed you to cover your expenses. if you did really well, you participated in the profits. as the business has become institutionalized, people have not done enough work in terms of re-examining whether the fee structure makes sense. what you have seen is people continuing to follow the existing fee model even a

jonathan ferro in the united states, i will be joining him in london for the cable on dab digital radio. this is bloomberg. ♪ guy: i am guy johnsonix steel in new york. this is european close on bloomberg markets. let's talk about what is happening in the u.k. tomorrow we get a mini budget. the u.k. chancellor of the exchequer set to announce the latest round of fiscal stimulus expected to include a 3 billion pounds spending program on green projects to help fuel the recovery from the virus. joining us is numerate chief u.k. and euro area economist. george, good afternoon. what are you expecting from the chancellor tomorrow? were told at the start of june not to expect that much. it was being played down. it was a statement in july, nothing more than that. now what is happening seems to be they are ramping it up again. it looks like there a good chance of eating expectations. maybe this is what is needed after mr. johnson speech last where -- some of the rhetoric that has been used. the talk at the moment seems to be of the possible intervention in the housing market, may be a holiday. a bit quiet on that recently. possible cash

jonathan: 3:00 p.m. in london that means it's 10:00 a.m. in new york. we're 30 minutes into the trading day on wall street from london. i'm guy johnson in new york. alix steel is off today. welcome to bloomberg markets. kaley, what are stocks doing ahead of that? >> what started in china encouraging stock buying trickling through to the rest of the world. stocks higher by the better part of a 1.5% or more. guy: and it's really strong economic data as well. this is a diffusion index month-on-month. bear that in mind when you think about what is going to happen. i.s.m. at 57.1%, kaley. that is up from 45.4 last time around. this is the bulk of the u.s. economy. this is a june number they have economist poll were expecting 54.2. so it is well north of that. the jobs number we'll wait for the details of that tomorrow. i'm really curious as to what is happening in the employment picture right now. but over the next few days, we'll get more employee information on that following last thursday's blowout data. but this is a very, very strong number. how did that translate into perception of what is happening with the economy now while global equity marke

>>that was doug johnson reporting for us tonight from sacramento and turning now to a little weather all around the bay with her presa rodriguez heimer precept hi there vicki and jonathan yeah, let's take a look at your 4 day forecast for this upcoming. >>work weekend. we are going to see right now for your midweek forecast as we take a look at your 4 zone outlook downtown san francisco warming up to 69 degrees mid 60's for half moon bay and also widespread mid 70's for millbrae and burlingame plenty of sunshine out there for your wednesday afternoon and wind speeds out of the south southwest. so we are going to notice a little bit of that on shore flow pushing all that smoke and dust away from the bay area so better air quality with all those fires near bias and san mateo 75 degrees upper 70's for those of you in mountain view a few degrees above average so very little change tomorrow compared to today, san jose 84 degrees as a santa clara and livermore 89 degrees for your wednesday afternoon highs hayward in the mid 70's 75 degrees from richmond all the way into oakland, so pretty uniform numbers out there in about 5 degrees above average for conquered, warming up on

jonathan: worldwide, good morning, good morning, this is " newburgh surveillance." we are live on the radio with lisa abramowicz and tom keene. we are stacked with event risk going into the weekend. ym: guy johnson me it's a awner, you have to ask when that to me. more important, the j&j guidance question. that's all great, retail sales on this thursday, jobless are front and center jon: jon:. a news conference -- center. jon: a news conference over the weekend, lisa, i love this about the great depression. that after delivering record fees worldwide for the firm. just try to reconcile those things for us. lisa: it's a boom of fees in a time of incredible uncertainty coming on the heels of fiscal stimulus and the question is how do they pair these realities? we will have more on that decision at 7:45 a.m., i am watching it even though guy johnson calls it a snooze. hopefully the press conference will be less of a snooze. tom, to your point, jobless claims and retail sales are already anxious history, but we can get a sense of how much momentum there was going into this resurgence of cases in the virus. we are also getting netflix earnings after the bell. interesting to see if some of these high

press, jonathan lemire nbc news capitol hill reporter, kasie hill, host of "politicians nation" and, reverend al sharpton, and president from morgan university, politics at the root, jason johnsonthis morning wow, joe, good to have you back. >> yeah, it's great to be back >> anything happen over the weekend? >> my gosh, anything happen over the past two weeks yeah, quite a lot. i've got to say, though, the lead in "the washington post" about the chris wallace interview yesterday really laid it out and the description by phillip rucker trump was physically rattled as he struggled to answer for his administration's failure to contain the coronavirus which has claimed more than 170,000 lives in the united states really, if you wanted to know what was going on, mika, in the chris wallace interview and the impact that it was having on donald trump, and the impact it's had on donald trump's presidency since march, all you had to do was read on and see, you know, joe biden's quote, the past six months have proven again and again it's donald trump who doesn't know what he's talking about when it comes to covid-19 when it comes to the coronavirus, you can't believe a word he said though

jonathan, the government's decision on this quarantine that came out on saturday night has caused a storm of protest, of course, amongst holiday—makers and travel industry, and the aviation industry. boris johnson yes, the government is standing firm in the face of the criticism which has come the government's way since this policy was announced, as you say. but you heard the prime minister saying there that the government must be ready to act swiftly where it needs to, and as he said, it is his view that there are signs of a second wave of the coronavirus pandemic in parts of europe and an increase in cases —— a worrying increase in cases —— a worrying increase in cases in certain countries, and that is why spain has been added to the list of countries where people need to quarantine for 14 days on their return from. now, we have heard about possible changes to this policy, whether that is limiting the number of days that people have to quarantine for 210, providing that they get a test and the results are negative on their return, or perhaps adapting it to a more regional basis, so perhaps excluding the ca nary more regional basis, so perhaps excluding the canary islands in the balearic islan