i'm julianna tatelbaum these are your headlines autos drive european markets higher tesla posted a profit for the fourth straight quarter offsetting factory shut downs with delivers. >> we want to maximize growth and make these cars as affordable as possible that's what we are trying to achieve. >>> roche sees profits and sales fall in the first half but a turnaround has already begun helping with the full year outlook. >> since june and now july, hospitals have opened again and patients are returning to hospitals. we see our sales recovering. that's why we returned our initialo initial outlook. >> sales of unilever as sales of ben and jerrys and more in north american sales the outbreak continues to weigh in many markets. >> i would say latin america is in the throws of it. we are seeing significant increase in africa and south asian continents >> topping the stoxx 600 sending shares in the french ad firm and the british rival wpp higher >> a very warm welcome to strooinz let's kick off what we heard from roche maintaining the full year outlook. blaming the 4% slide in sales and 5% contr

i'm julianna tatelbaum >>> it is 5:00 on cnbc from cares to heals.enate republicans unveil the latest relieve package but at $1 trillion, is it too small? >> signs of a slowdown in hard hit states like california and texas. hours after moderna kicked off the final trials announcing the start of its own stage three trials >> call it the wild, w

cnbc's julianna tatelbaum is joining us from london. julianna, good morning. great to see you.relief proposal. >> one thing that is not in this is a base bill, which president trump had been pushing for, this payroll tax holiday. it didn't get widespread support from congressional lawmakers, even though it's been a priority for president trump, and this disagreement has led to the delay of this stimulus pack and. it's not due to arrive today. this means that congress will miss the deadline to extend unemployment miss the deadline to increase the unemployment, initial jobless claims for the united states came in at 1.416 million in the latest week, bringing us to july 18th. this marks the 18th straight week in which initial claims totalled more than 1 million. it also marks the end of a 15 week streak declining of the claims. we've seen a tick up so the stimulus more crucial as we look at the unusuanumbers. >>> let's look at amazon, they are in hot water after reports they may have stolen product ideas from several startups. what can you tell us about this? >> this is a new repo

cnbc's julianna tatelbaum is joining us from london. what can you tell us about it, julianna?e been running high within the republican party over what this legislation should look like. as of yesterday, senate republicans have reached a fundamental agreement with white house negotiators over how to move forward with this bill. now, the senate senate majority mitch mcconnell has weighed in, indicating he wants to keep the price tag for this package at $1 trillion, and republicans haven't been on the same page about what this deal should look like. some denounced this $1 trillion level amid a soaring debt level already. the latest talks show signs of conciliatory break through, breaking the grid lock that has gripped the legislators for some time now. we'll have to see what comes of it but it looks like headway has been made. >>> tesla reported results yesterday after market closed and shares have jumped as a result. that's because the electric car maker reported four straight quarters of profit. it paefs the way for the company to be included in the s&p 500, which means passive

cnbc's julianna tatelbaum is joining us from london julianna, what's going on here >> the dynamic iss report new money in the stim laws package shouldn't go toward testing because previous funds remain unspent the trump administration is trying to use the funding for things unrelated to the pandemic according to the "washington post," they'd like to use funding for things like a new b i billing. some are pushing back on the administration to keep funding for testing and tracing in the bill so while washington is certainly a place to watch over the coming days on the back scene front, we've got a few developments today the uk has been very busy securing access to various vaccines that have yet to prove effective. this morning the uk became the first country toy a vaccine from a german company. it's being developed with pfizer they agreed to make 30 million doses. at the same time vaccine from a french company which is less advanced in terms of the development but a different technique. so the uk government hedging their bets a bit and this is after securing 100 million doses from the

cnbc's julianna tatelbaum live from london for us.much. >>> up next, a look at axios's 1 big thing. >>> and coming up on "morning joe," mayor bill de blasio weighs in on the recent crime wave as the president plans to send forces across the country. >>> also, as the senate debates a new coronavirus relief plan for americans, senator cory booker will be our guest. "morning joe" is moments away. booker will be our guest "morningoe j" is moments away. find your keys. find your get-up-and-go. find pants that aren't sweats. find your friends. find your sense of wander. find the world is new, again. at chevy we'd like to take you there. now during the chevy open road sales event, get up to 15% of msrp cash back on select 2020 models. that's over fifty-seven hundred dollars cash back on this equinox. it's time to find new roads, again. >>> welcome back, everybody. joining me now with a look at "axios a.m.," political reporter alexei vercammen. good to see you this morning. give us axios' "1 big thing" today. >> good morning, yasmin. it's goo

julianna, great to see you this morning.to us about this grim outlook for banks. >> this is a big week for banks with quarterly recalls. trading revenues have been very, very strong. so the investment banking side of things has seen a pickup in activity in the market volatility. but on the downside, banks have had to set aside tens of billion of dollars, jpmorgan and wells fargo have had to set aside billions as losses impact on their own and the coronavirus and lockdowns of businesses ripple through. so, a mixed picture when it comes to what u.s. banks are seeing in their results. now, i also want to remind you it is tax day. the deadline for filing your taxes is today july 15th. the traditional deadline april 15th was pushed back to today. the treasury department decided to postpone the date as we dealt with the coronavirus. so, if you haven't filed your return yet, or if you filed but you haven't paid your taxes yet, the deadline is today. about 142 million taxpayers had filed agency of july 3rd. that's according to irs s

i'm julianna tatelbaum these are your head lieps. the world's biggest tech titans rally after they add over $200 billion in value on a block buster day of earnings bnp paribas report a 150% surge in trade helping to beat forecasts. >> the top lines are up. revenues up 4% if you look at the activities. despite the impact >> iag luke to raise 3 billion euros and klm unveils an operating loss sending both shares into the red. six years of growth wiped out in spain as gdp drops in the second quarter but the french economy shrinks less than expected down 15.8%. happy friday welcome to "street signs." we've got a lot of earnings to get to let's talk gdp first we've heard from france and spain. now numbers from italy preliminary q 2 gdp slank quarter on quarter less expected a value. they've advised their q 1 estimate of 5.4% contraction quarter on quarter and 5.4% year on year. slightly worse than anticipated. q 1 marginally worse but q 2 better than expecting. an unprecedented slump for italy but the takeaway better than analysts had fear

cnbc's julianna tatelbaum is joining us live. julianna, good morning. to see you on this monday. give us the reaction to the news of the new relief bill that may leave out this $600 unemployment benefit. >> well, when we left the office on friday, there were still a lot of disagreements between the white house and republican lawmakers. now it appears as though they have come to agreement and fina plans with senate republicans, the white house that is, for a new $1 trillion relief package. the proposal will include an extension of unemployment benefits, a fresh round of direct payments and tax credits for small businesses. what u.s. markets are poised to open higher this morning so investors cheering the relief but it's still a long road to approval. the plan needs approved by congressional democrats even once unveiled this week. one corporate we've been talking about is walmart and their move to require all customers to wear masks. on july 20th they said everybody coming into the stores has to wear a mask. now the company is telling staff in order to av

i'm julianna tatelbaum these are your headlines deutsche bank shares rally as investment bank revenue jump 46%. rising significantly throughout the rest of the year >> we'd like to see better performance in the second half of 2020 than is the case in the second half of 2019. we don't want to get too far ahead of ourselves but it is gratifying to see the momentum >> barclays sets aside $3.7 million shares. sending shares lower in london telling us this bank's capital position is strong >> we remain very capitalized and liquid we sustained profitability in the face of this pandemic. that allowed us to help customers around the world >> santander sees red amid a slew of write downs. >>> investors find the diamond in the rough at kering sales fall less than expected, dropping almost 44%. the french luxury group says there will not be a second half bounce back. >> as you heard there in the headlines, we heard from a number of companies across different sectors putting it all together markets trading higher up 0.2%. we are building on yesterday's gains the main benchmark breaking a two-day

i'm julianna tatelbaum these are your headlines credit suisse rallies after posting 24% increase alongside a merger of its markets and investment bank divisions as ceo says provisioning will continue to decline >> we have now factored in our best possible way of forecast of covid-19 own macro economic development going forward. i in leary, we should expect lower going forward. >>> ab in bef shares up. >> vw slashes its dividend after posting the first half operating loss and renault posts a loss and says it is impossible to give any guidance. >>> astrazeneca rallies as second quarter sales top forecast the ceo says he expects to benefit from the covid vaccine >> this is a business that is redirect examinatio resilient. we've managed the crisis well. patients are returning to physicians >> a very warm welcome to "street signs. now on the gdp front, german adjusted preliminary gdp the calendar adjusted q2 number down 11.7% slightly worse than the 11.3% forecast the sharpest decline from 1970 the calendar adjusted level, 11.7% versus 11.3% predicted the rebound in that data, the pmis came in

a more reasonable hour of the day with julianna tatelbaum. good morning or good afternoon >> good morning, brian this is a big moment for europe. european leaders have finally struck a deal on $750 billion euro recovery package after a contentious subm contentious summit that lasted five days. being handled as the leaders continued viability. 390 billion in grants. lower than the initial 500 billion. 24 they have agreed on the 750 billion package. the main benchmark is currently up 1.1% reflecting gains across every region here. we are seeing stronger gains italian and spanish stocks leading the way higher those are a couple of key economies on aid that's been agreed brian, back to you >> julianna, thank you here at home, some reason for hope, dom is here with that and more >> the u.s. is reporting the smallest increase of new coronavirus cases and deaths in a week hot spots around the country pull back from recent records. just under 60,000 people in the u.s. tested positive for the virus over the past 24 hours down by 4,000 from the previou

i'm julianna tatelbaum these are your headlines european markets sink. chinese stock sink lower after an order to shut down the consulate in chengdu >> we opened our arms to the chinese citizens only to see they are trying to skploid our free and open society. they sent propaganda into our colleges, schools and even pta meetings >>> business rebounds in july rising to the highest level since 2018 thanks to a boost from pent up demand as german and pmis also beat estimates retail rebound retail surged past expectation as the lockdown lifts as england starts to enforce new rules on face coverings in stores european semiconductor stocks struggle after issuing disappointing earnings guidance and delays the launch of a key next generation product. we've got more data crossing the wires for you. this time, the uk flash. the composite pmi has come in at 57.1 up from the 47.7 it logged in june. the services sector has come in at 56.6 versus 47.1 in june. also seeing an up tick from 53.6 up from june already tipped in the growth the gains continue in july and the

i'm julianna tatelbaum these are your headlines european markets struggle. president trump warns the covid-19 crisis will deepen as america warns of more than 1,000 deaths in one day for the first time in over a month >> some areas of the country are doing well others are doing less well it will probably get worse before it gets better. >> u.s. secretary of state mike pompeo urges the world to stand up to china. a separate report accuses china of authoritarianism >> abb launches a $4 billion share buy back as the giant beats earnings expectations. but the ceo warns of tough times ahead. >> caller: we saw a recovery in china which was quite remarkable when we have seen a much weaker u.s. affected by the pandemic. dutch paint maker says material costs will have a positive impact in the second half. ceo warns the virus will continue to weigh for the rest of the year. >> we'll continue to see these ups and downs. we are lucky it is balanced between home improvement and other markets. we feel we have it under control and stay extremely vigilant. >> after three da

man and i know you again proved anangu glen or julianna like answering him but i got off i really single file a line using your last. how much. of that. if i. buy. i know and then. you know. how. long how. shall. i know it. and then he. know i had to. get by. my grandmother. to. get to bed or you would. figure tom the whole name big me big. enough. to. get playing here tonight now. well you could get in the mine and. without the money in the bank but. you know plenty of. them i'm not going. to function. with only a clean sweep you know. if the name could be that but then that was nice to be going to be. all that you need. to put that one that will be the back she needs to be the mullins and that includes a. said publicly on to. the course of a man. you know i'm in a place that you can. feel all. beat and so if you call in the morning we'll you know. me will be me. well you know we. 54 jets and more than 1300 military personnel are headed to heal some air force base in alaska where is that to say come on i'll show you what's the reason for any type of enhanced u.s. military presence in th

julianna tatelbaum is joining us live from london on this.is morning. we touched a bit on this and what is in this bill earlier on in the show. but talk us through what it is you're hearing. >> what i'm hearing is there's still a huge gap between what the republicans are pushing for and the democrats want. a few of the main sticking points with, the unemployment benefit, the republicans want to reduce it from the current $600 a week in addition to payments to $200. republicans worry this is encouraging americans to stay home rather thaen go back to work. it also includes another round of $1,200 stimulus checks. the real gap being the democrats don't think the bill does enough and some republicans think the bill is too expensive. a long way to go in bridging that gap. google has planned to allow employees to work from home until july 2021. the ceo of alphabet sent an email to employees yesterday saying they can stay home until july 2021. previously it was to stay home until the end of the year. this was to allow more flexibility, especially fo

cnbc's julianna tatelbaum is joining us from london. good morning.est. >> first of all, the gdp numbers are going to be watching closely. the u.s. suffered the biggest economic decline since we began tracking the data, that's since world war ii we're talking about. the economy affected by 30% in the last three months. in terms of the hit, most of this pullback is likely due to a lack of spending. with the lockdowns in place, people have not shopped as they normally would. the jobless claims are due out later on today. last week we saw jobs soar. this caused a concern among the investment community because a lot of people believed the worst was behind us, and when it comes to the work and the pandemic. we're going to be closely watching to see if we see another uptick this week. >>> and then the federal reserve yesterday concluded a two-day policy meeting, and they kept interest rates on hold, which was expected near record lows, but they did warn that the fate of the u.s. economy will depend significantly on the course of the virus, so basically sayi

julianna tatelbaum live from london for us, appreciate it.ook at the axios one big thing. and amy mcgrath is going to be our guest. >>> also former national security advisor under president obama susan rice will join the conversation. "morning joe" is moments away. he conversation "morning joe" is moments away. nl available over-the-counter. new voltaren is powerful arthritis pain relief in a gel. voltaren. the joy of movement. new voltaren is powerful arthritis pain relief in a gel. a lot of folks ask me why their dishwasher doesn't get everything clean. i tell them, it may be your detergent... that's why more dishwasher brands recommend cascade platinum... ...with the soaking, scrubbing and rinsing built right in. for sparkling-clean dishes, the first time. cascade platinum. >>> welcome back everybody joining me now with a look at axios a.m., political reporter hans nichols, good morning to you once again. give us axios' one big thing today. >> we have polling we do, this coronavirus index, giving us stark and surprising numbers on the perc

julianna tatelbaum joins us. this was stunning to watch. i saw the tweet from joe biden and was fairly confused as to what was happening there. tell us about this data breach. >> yasmin, i had the same experience. i caught it on elon musk's page. he's notorious for sending tw t tweets on his own, but this was a hack. dozens of profile twitter accounts were hacked telling tweet followers to send bitcoin to a specific address. you named a few of those affects, kanye west, elon musk, joe biden, jeff bezos to name a few. twitter came out yesterday and said its investigation uncovered employees ed employee it tries to weather the storm with regard to the coronavirus talk us through this >> so the airline sector as we discussed many times, hard hit by the pandemic and now american airlines has sent a memo to employees that they may furlough 25,000 employees they're hoping to reduce the numbers but warning it could be that severe and those would begin october 1st. >> that is massive julianna tatelbaum, live from london for ugs, thanks so much. >>>

julianna tatelbaum live from london for us. thank you so much. >>> coming up on "morning joe," driven by 18 states and what the white house calls the red zone, the u.s. notches its highest number of cases in a single day. we'll check in with health experts about the rampant crisis. "morning joe" is moments away. "morning joe" is moments away. - i'm norm. - i'm szasz. [norm] and we live in columbia, missouri. we do consulting, but we also write. [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about 30 days of taking it, we noticed clarity that we didn't notice before. - it's still helping me. i still notice a difference. prevagen. healthier brain. better life. new tide power pods one up the can it one up spaghetti night? it sure can. really? can it one up breakfast in bed? yeah, for sure. thanks, boys. what about that? uhh, yep! it can? yeah, even that! i would very much like to

julianna tatelbaum thank you so much. good to connect with you.rning to you. >> good morning. >> what is axios' one big thing? >> trump's reopening gamble. the trump administration's push to reopen schools nationwide is on a collision course with america's rising caseload and school districts struggling to figure out what are the plans to reopening and to pay for the changes they would need. we could see schools and children becoming a main driver of increasing caseloads if reopenings don't go well. schools are central to american life, a way of delivering services to children, teaching, mental health, counseling services, they provide meals for millions of students, and, of course, they're a key element of day care. many people won't be able to go to work this fall if school is reopening giving them that kind of child care. the only way to reopen the economy is if schools are open 100%. there's a lot of debate going on how we can do that. clearly the cdc guidelines that went out, recommended masks and keeping children 6 feet apart from each other

so they'll be looking to change their product names in response to this petition >>> cnbc's juliannas. thanks a than thanks julia na. >>> on "morning joe" we'll speak to adam schiff also what to expect as the president says he will resume his daily coronavirus briefings today. "morning joe" is moments away. still fresh... ♪ unstopables in-wash scent booster ♪ downy unstopables the first and only full prescription strength non-steroidal anti-inflammatory gel available over-the-counter. new voltaren is powerful arthritis pain relief in a gel. voltaren. the joy of movement. >>> welcome back, joining me now with a look at axios a.m., the cofounder of axios, mike allen good morning to you. give us axios' one big thing today. >> good morning, the axios one big thing is wall street winners with a blue wave so axios reports on wall street traders increasingly thinking not only will there be a biden win that they've been pricing in for a couple weeks now, but they're looking at a blue wave that takes the house and the sna senate with them why does that matter this is a change in just a couple

cnbc's julianna tatelbaum joins us. great to see you on this monday morning. across america were forced to shut their doors for many weeks to deal with the pandemic, and now we're getting some numbers through that show just how severe the impact on business has been. for the first quarter, operating income fell by 58% compared with last year, not including walmart. first quarter income fell by 71%. so very stub substantial hit toe businesses. many businesses have taken cost-cutting measures to mitigate the impact and many have filed for bankruptcy as well. as part of the effort to mitigate the impact, the fed and treasury have taken measures to try to support the u.s. economy. "the wall street journal" is reporting that there have been disagreements between leaders at the fed and treasury, which have actually slowed the start of their flagship lending initiative. while the disagreements seem to be around the design of the initiatives, the "journal" suggests it's reflective of broader disagreement over approa approach. the treasury is more cautious about lendin

cnbc's julianna tatelbaum is joining us live from london on this. good morning to you.we going to hear from these guys? >> well, the focus of today's hearing is going to be on these companies' competitive practices. we'll see the likes of google, amazon and apple and facebook ceos testifying before congress. and this is going to be held virtually due to pandemic restrictions. in terms of the different focal points for the different companies, google is facing the most serious threat of legal action by the u.s. department of justice with the ceo expected to answer questions about the company's search and digital dominance. today's hearing is also going to mark the first appearance of jeff bezos, the head of amazon and they'll testify about third-party sellers and facebook's mark zuckerberg has defended the company's acquisition of instagram and whatsup. that's one to watch for sure. one stock i want to highlight, kodak, shares of the company soared yesterday after news that the u.s. government awarded the firm $765 million in loans to start producing drug ingredients. th

what do you think of the allegations that julianna sanji is a direct quote from the new york times is that he's a narcissist with an outsized view of his own and that he has no interest in monday matters like personal hygiene. really. i can't think of another journalist or publisher who has one. major international journalism awards. and 4 media organizations have complained about whether his socks were dirty or hadn't washed here i mean really. i wonder whether any single human being has been subjected to about never most news. in the parts it was at school. in 20 a live in a british court released a soldier on bail on condition that he didn't leave the country. he was also required to remain at the country house owned by a close friend the british journalist form smith. i'm now sitting in a chair by morning and ingham. is a sort of house that is the products of wealth that my family has generated for hundreds of years my family moved here in 79 to find i'm fortunate. to have that responsibility to look after. me it is an investing at the journalists and that's why our journalist. wh

good morning, julianna >> reporter: artists will not have to manually upload their videos or pr goingggle on a new setting to add music videos to their page ahead of the deadline and facebook will automatically create a page of their videos if no other action is taken facebook will be a direct challenge to youtube so certainly something to watch in the tech space and when it comes to broader markets the u.s. is poised for another strong day of trade today. this comes after yesterday after markets closed moderna released some fresh phase one data published in the new england journal of medicine showing all patients who were giving vaccine developed somei bodies some encouraging news when it comes to the vaccine front t. >> certainly welcome news. >> bill is tracking a major heat wave in the south. and the new streaming service from our parent company that can be yours for free. but we're all going at our own speed. at enterprise, peace-of-mind starts with our complete clean pledge, curbside rentals and low-touch transactions. with so many vehicles of so many kinds, you can count on us

julianna. airport yano was a coward he had been raised by his father lorenzo who was a great writer he wrote poetry and words interested in women haven't the slightest interest in politics no no everyone is fully there is full. fledged a load beige grandpa. really only has a brother was a great politician the exact opposite that my that he was wrong about everything and it is great passion was politics. i was an avid hunter. but he made it all dark like that then a politician w.b. . giovani domenici pope leo the tent took care of his brother julie on air throughout his life he also financed his extravagant lifestyle. giuliano had come close a fast. but one of these flames had serious consequences. in the marker region the pulitzer to color looms over the town. the tragedy involving giuliano to many that would eventually lead to the mona lisa took place. for the poor but that the most important source is a document that is housed in the library of the university of. this document is a page in a

let's go worldwide julianna tatelbaum, i think they call that a sea of red >> it wasn't a sea of red to start. we kicked things off the optimism didn't last long. you guys facing the busiest earnings day of the year all together, the main benchmark down 1.3%. we are seeing pretty substantial move tied to the earnings. we are seeing big moves in the ar o aerospace part of the market i want to weigh in a few stocks kicking off for airbus, which has reported a 1.6 billion loss with second quarter revenues the plane maker failed to deliver aircraft due to covid-19 we are seeing a bounce back in shares after the substantial selloff in the run up to recent trade. shell, the company has beat expectations after reporting $635 worth of earnings shell shares under pressure down 2.4% total has reported a 96% fall in profit french energy sector said it would maintain its dividend and added that the oil price environment remains volatile shares trading a little above the flat line at 1%. back to you. >> talk about oil and gas, appreciate it. have a great day >>> now let's get back to your top sto

we'll go to julianna tatelbaum for headlines in london. >> a good morning to you european markets are trading higher this morning. we have the main benchmark up 0.1% this comes despite cases are on the rise in hong kong. carrie lam, the leader of hong kong weighing in saying that hospital system could face a collapse and there on the verge of a large scale community outbreak investors closely watching the numbers and how that situation develops back here in europe and part of that optimism has come on the earnings front a couple i want to highlight for you. let's take a look at deutsche bank shares have gone lower and are trading in positive territory. the bank has come out reporting investment banking revenues rose 46% and offered a fairly optimistic outlook the rest of the year despite warning of provisions throughout the rest of the year. a roller coaster warning for the shares sanofi shares trading higher this morning they've come out and secured an agreement with the uk government to secure 60 million doses of the coronavirus vaccine. >> back home, a little better news in places

julianna, it is staggering to see the extent of the fall out for many of these names. how bad it was in particular, seeing it in heineken numbers normally, all of those channels, it would send beer through more cost cutting required from that particular company. >> i think the overall trends won't come as a surprise to market participants you can make these calls given that we can all look around the world and see what the lockdowns are actually doing what is interesting is how many companies had to redirect examination lease. how wide that is when it comes to the expectations that require companies to come out and public numbers early if they are substantially out of line from where the consensus slips. we've been reacting to unscheduled numbers and releases a lot of the investors and being bionary right now whether we get a vaccine or not >> we've had a huge focus on luxury names we saw burberry yesterday with stores closed. china in the crisis and bouncing back and then north america and europe being hard hit. i was fascinated in the richemont numbers. burberry had

tied to the countries and suggestions of compromise and the latest crossing the wires right now, julianna >> thank you, karen. we've heard from a couple of other european leaders french president macron said europe needs to show solidarity and ambition if it is to agree on a covid recovery fund >> translator: this is a moment of truth for european ambition we are living through a global health crisis and socio economic crisis coming to agreement and coming hours are absolutely critical to achieving these goals. >> european council president also urged leaders to come to an agreement. >> this is an important decision the first since the beginning of the crisis we have worked very hard to prepare this summit. i know it is very difficult because it is not only about money. it is about people, european future and unity even if it is difficult, i am convinced that it is possible to reach an agreement >> comments are crossing there one of the big ones is really the tone from the frugal four. i want to highlight some of the challenges the optimism some of the peripheral countries have as resip y

julianna tatelbaum has more. good morning. what do you make of this, juliana?. starting july 15th, starbucks will mandate all customers must wear a mask. it's a pretty big step-taking by starbucks. looking at the industry more broadly, we have fresh data coming out of the bank of america. they say big restaurant chains are recovering faster than the rest of the industry. small chain restaurants and independent industries are taking much longer than the larger chains to recover from the pandemic. a study that they conducted found that spending at small chain restaurants lagged by about 20%. in trade groups as we've discussed many times before have warned about the dire impact and what this means for the future of independent restaurants acro across the united states. >>> and in some political news that's definitely touching the business world. yesterday the supreme court ruled that president trump's tax and financial records can be turned over to the new york prosecutor but rejected the democrats' bid. so conflicting decisions there and it looks like we're not g

i wore it at one of the most important occasions when queen jou julia julianna was here.e wore. we looked through the photos and found a good one of her and we took it down and compare it'd to some of the hats in the collection and realized we had this hat. so it is nice to connect the document to the photo to the hat and tell the whole story together. another interesting part is that she was very private. this is a tredress that she worn 1952 to the din wrer president truman announced to the people that he would not run for the president in 1952. he had the opportunity to but he chose not to. it was an important event for bess signaling she would not be living in washington dc. we didn't originally have this address. bess donated it to her dress bizarre, and someone bought it and turned around and donated it to the library. that signals to people about how bess felt about her time in the white house. she didn't necessarily not like it, but it was not important to her. >> that dinner was two days after they moved back into the white house. and speaking of clothing, the pr

we will have more on the outlook for china later on bloomberg markets with deutsche bank's julianna mebank of korea leaving its key interest rate unchanged at half a percent, 19 of 21 economists surveyed said the b.o.k. would keep -- we know it is trying to see how its previous moves have filtered through the economy and the government's fiscal response to the pandemic as well. we have seen some signals from the governor in the past he may shift his focus on non-rate tools and the last time they moved was back in may when they 25 the key interest rate by basis points, today holding at steady at half a percent. plenty more to come. this is bloomberg. ♪ ♪ shery: president shop -- trump is reshuffling his campaign staff. the deputy campaign manager of the president's reelection bid will step into mr. pascal's job. this as president trump of course sees his ratings falling. we are seeing that brad will be replaced by the deputy campaign manager of the president's reelection bid. this is an acknowledgment of the president's diminished standing when it comes to the public and pivate schoolin

mom, nadia, she's got two kids, julianna and anderson.ed to give today. are you there, nadia can you hear me? >> we're celebrating my grandparents' 66th wedding anniversary. >> oh, cuties, there they are. i heard grandparents' 66th wedding anniversary. >> oh, cuties, there they are. i heard you, 65 years. he served in the army. he was a police officer and obviously we want to say thank you for his service. what do they mean to you >> they are the world to me. they were the core of our family and they have always served their community and worked really hard and always wanted the best for their children and their grandchildren. >> well, look at you you've got to be some of their best work, some of their proudest accomplishments right there on screen. happy fourth of july to you and thanks for being with us and being part of the plaza.morning. >> g >> thank you >> savannah, what do you say we go to chesapeake beach, maryland looking for the powell family. there are the powells. >> hi. >> good morning, good morning. >> good morning. >> so he