i am karina mitchell.s is bloomberg. yvonne: a quick look at the markets, things looking tamer than yesterday. that boost from the fed, southeast asia slightly lower. the dollar a little higher today, and stronger. yield, wes. 10 year are snapping out of yield tick up. seems like the recovery of the economy in the u.s. with the retail sales number is overshadowing second wave concerns. you are seeing pressure i comes to hong kong and china. beijing is the main focus with the capital shutting down schools after a new cluster of cases focused on this market. they massively started testing people. 1%.kospi down more than more rhetoric from the south koreans on the back of the north korean side bombing liaison offices yesterday. they say the north will pay if it takes military action. jim jon jones sister has been senseless and rude, they say. sister has been senseless and rude, they say. reunification, the piece stocks are going the opposite direction. , elevators, all falling today. with korea.t's stay the s

karina mitchell has those.arina: the former police officer charged with killing george floyd offered nope we'll in his first court appearance. he's accused of murder, having his knee on floyd's neck for almost nine minutes. democrats want sweeping changes making it easier to sue law enforcement including have police where body cameras and ending chokehold. meanwhile, the european central bank says it expects the single market economy to shrink by almost 9% this year before recovering modestly in 2021. the eurozone is entering its worst recession in decades, hammered by the coronavirus, triggering a slowdown and a weaker global economy. the ecb has promised to cushion the blow and president christine lagarde says policymakers will act as needed. >> i very much welcome the european parliament's call for an ambitious european response. i count on this house and this committee to design a strong and effective financial framework. at the same time, you can rest assured that the ecb will, within its limits, continue

karina: thank you. the race for a vaccine is on a new york city, phase two of the reopening has begun. office workers can return to their desks after three months of lockdown. many will still be working from home. companies are taking it slow while they figure out the safety issues. new yorkers also can eat at restaurants again, but only at outdoor tables. in florida, the coronavirus pandemic is showing no signs of slowing down. the state has more than 100,000 confirmed cases in nearly 3200 deaths. florida has had nearly 23,000 new cases in just the past seven days, the highest level ever. recent travel came to an almost complete standstill in april. at 7 million euros in april compared with 544 million euros in the same month last year. . that is a drop of almost 99%. the economy depends heavily on tourism. after an early lockdown imposed in early march kept coronavirus deaths and serious illnesses at low levels, the country is now reopening to visitors from overseas. global news, 24 hours a day, on ai

this is bloomberg. ♪ karina: i'm karina mitchell with the first word headlines.curbs. 40 new cases have been reported overnight including 27 in the capital, bringing the total to 106 since friday. one person is in critical condition. all schools in the city have been closed. beijing raises its covid-19 alert to its second-highest level. virus numbers continue to rise in the u.s.. florida reporting the most of infections since the pandemic started. texas had its highest level. california saw its smallest daily gain in three weeks. the u.s. death toll exceeds the number of americans killed in world war i. statistic. the university of chicago says people are more unhappy with their lives today than it any time in the last 50 years. virus deaths in indonesia now top 40,000. the government saying economic growth will also suffer. the outlook for gdp is being slashed as low as 0% with warnings of a full-year contraction. the finance minister says the economy will probably shrink by 3% in the creek quarter. the rebound is for seen in the following period. india's financ

we turn to karina mitchell.arina: some democratic governors are not buying president trump's threat to deploy the military. illinois governor says he does not believe the president -- the president has told governors and mayors they need to dominate the streets. joe biden is slamming president trump's response to days of national protest, saying he is fanning the flames of hate. the presumptive democratic nominee spoke at philadelphia city hall earlier today. president is more interested in power than principal and also called on congress to wait for the november election to begin to addressed in equity and economic opportunity and criminal justice that disproportionately affect african-americans. meanwhile the eu top executive and british prime minister boris johnson will meet later this in the stallks brexit negotiations. there is little hope they will reach a breakthrough on a future trade deal. 31y left the eu on january citizens tourging prepare to live restrictions -- the number of new coronavirus case is

this is bloomberg. ♪ karina: i'm karina mitchell with bloomberg first word news.s slamming president , saying he isse fanning the flames of hate. the present of democratic nominee spoke at city hall today, accusing the president of being more interested in power than principle. biden called on congress not to wait for the november election to address inequities in economic opportunity and criminal justice that disproportionately affects african americans. the european union's top executive and boris johnson will meet later this month for talks that could give momentum to the stalled brexit negotiations. negotiators resumed a fourth round of talks today but there is little hope that they will reach a breakthrough. on januaryft the eu 31 but remains in a transition period until the end of the year. italy is urging citizens to work together to revive the country as it bears to lift restrictions on domestic travel. with a number of coronavirus cases continuing to decline, italians will be able to travel freely around the country again beginning tomorrow after almost t

let's get the first word headlines with karina mitchell in new york. karina: a lot going on.mposing various restrictions as infections surge. new york may do the same thing. florida reported a jump in its already double digit infection rate. casesis seeing a rise in while iran reached record fatalities and austria as its highest death level in mid-may. the worst is yet to come. virus has two dangerous combinations. one is it is fast. it is contagious. the second, it is a killer. exploit divisions. divisions between us. new data from china confirm the slow but steady recovery continues. june manufacturing pmi a common at 50.9, higher than forecast, and 3/10 stronger than in may. nonmanufacturing pmi rose, well ahead of projections. the data indicated china's despite localized spikes in infections. fitch is gently raising its outlook for the global economy based on monthly increases in retail sales in the u.s., the u.k., and western europe. the agency sees world gdp falling by 4.6% this year with u.s. growth dropping 6%. the fitch is raising its outlook for china. gdp rising 1.

i'm karina mitchell. this is bloomberg. shery: u.s.p agencies are gearing up for flu season complicated by the coronavirus pandemic. with a virus excited to continue for some time, officials say it could put tremendous strain on the health care system if coupled with influenza. whoing us is max neeson covers health care, biotech and pharma. it seems these health care officials, whether it is the cdc fauci, theyr dr. don't think a vaccine is imminent so what can states do in the meantime? max: yeah, it's obviously a difficult situation that is going to go on for some time. when you have ongoing high incidence of the virus and keep opening up, you get more and more cases which is what we are seeing. in the meantime, what states can do, what they should have been doing all along arguably, building out contact tracing efforts. targeting the places where there is the most risk of spread. that being crowded, indoor areas. places where there are a lot of people being less than cautious. what's pretty clear is that they have not fully taken th

i'm karina mitchell. this is bloomberg.nd containing the coronavirus is only four deaths in over 1100 confirmed cases. business is returning to normal, but the jobless rate is likely to rise above levels seen in the financial crisis. the number of people without jobs could soar to the highest of 15 years. joining us is carl chong -- chrung -- cheung. great to have you. on the one hand you have hong kong handling the reopening and the coronavirus situation better than a lot of major cities around the world. , the dragnethand comes from political instability and travel restrictions are still likely to go on for some time yet. carol: exactly. the case is exactly what you have just now. konghing about the hong market is we have been infected with over 19 since the beginning of the year. the protests in hong kong lasted for at least six months. impact in had a big the job market last year. in particular on retail and beverage sector. so even just last year, the --ing forces we had already seen companies had set up offices in hon

. ♪ karina: "daybreak asia."pain has been hard-hit by the pandemic but his lifting restrictions on visitors from the e.u., the shenzhen area, and the u.k. italy is preparing to seek a wider budget gap at the government draws up a reform plan to lobby for assistance to recover from the covid-19 knocked down. the prime minister will focus on infrastructure projects such as high-speed rail and may cut the at. they do not have the resources to cope with the fallout. singapore is positioning itself for the post virus world with a massive investment in innovation beyond the immediate support announced for struggling businesses. the government will set aside more than 14 billion u.s. dollars to support research and what it calls high-impact areas such as health and biomedical services. the investment is part of a five-year r&d plan currently being finalized. india's virus lockdowns saw oil imports slump in may by the most in more than five years. refiners received 50 million tons of crude, a 23 percent fall from a year

i am karina mitchell. this is bloomberg. aims to reopen most parts of the economy by the end of july, helped by the success in containing the spread of the coronavirus. the lockdown has ended australia's almost 29 year recession free run, and jobs data show the scale of the task ahead. let's get perspective on how aussie consumers are feeling about the restart. we are joined by bcd partner monica wegner. tell us what your research has taught -- has shown about the consumer sentiment aspect. obviously, there was the pandemic, the hoarding purchases that kept retail sales and consumer sentiment data elevated across this time. what about things that are not seeing as opposed to -- as far as necessities going forward? our recorders called cautious optimism. i think that is because we did not see a huge uplift or resurgence in confidence in our study. what we saw was a slight improvement in measures such as the worst of the coronavirus. 30% of consumers are agreeing that they -- that they're spending has not returned to pre-covid

i'm karina mitchell. this is bloomberg. you are up-to-date. ♪ haslinda: [laughter] bondsors in china's counting on beijing to unleash bulk cash into the system. jason pond joins us with his answer -- outlook. next, we speak to stephen cochran on the shape of the economic recovery for the region. ♪ ♪ as countries begin to reopen economies, there is ongoing fear that a second wave of infections may turn the recovery. indonesia reported a record number of daily caught -- infections. the central bank cut rates for the first time in three months. economist. analytics good to have you with us. you are of the view that several economies should be opened up faster. there's also the risk of opening up when you're not ready. case in point, india. virus cases are still escalating. how do you weigh the risk and reward? stephen: there is risk. even countries that have done very well in terms of containing the virus see some clusters. there's no guarantee that there won't be a second wave. my assumption is that in most countries, the abi

. ♪ ♪ karina: you are watching "daybreak asia." i'm karina mitchell.gton have passed l that would penalize bill thatassed a would penalize china. it needs to pass in the house before reaching president trump. it condemns china for breaking obligations and the deal that returns hong kong to mainland rules. uncertainty over the coronavirus pandemic, the fed's latest stress test shows the lending sector has performed well, but a separate review of the virus says it has threats and vice chairman randy quarles says banks must be prudent and preserve capital. russia has begin -- has begun voting on a constitutional change that would let president putin stay in power until 2036. amendments scheduled by the kremlin were put by the virus. putin has run pressure for two decades. the change would get him to more six-euro terms. all potential changes have been approved by parliament. and india is set to be planning quality control measures and tariffs on imports from china. the two sides maintain their villa standoff in the himalayas. we are told officials are fin

i am karina mitchell. this is bloomberg. coming up, an exclusive interview with the asian head of hilton worldwide. we will ask alan watts how the hotel industry is recovering and what the rest of the region can learn from china's return to normal. yvonne: fitch ratings expects only four asian economies to see any growth, and china is one of them. we will look at that report. this is bloomberg. ♪ ♪ markets refocusing on the coronavirus headlines. all of the questions on what this means for economic recoveries. fitch ratings sees only four countries in the asian region returning to positive. will outperform the rest of the world as they recover from corona 19. stephen, great to have you. the fear of the second wave seems to be settling for one of the investors. why we are seeing the selloff in the markets. and the economic perspective, the second wave, the fear of it, does it derail the economic recovery in the region? to be with you. the potential for a second or in some cases third wave of the virus is one of the risk facto

i'm karina mitchell. this is bloomberg.th defense after north korea said it is cutting communications with the south, shutting down the liaison office by noon tuesday, as well as other official communication lines. seen and airline parts manufacturer gaining. take a look at the stoxx and in companiesstocks that benefit from ties between the south and north. be sellinge will their iconic downtown san francisco headquarters and moved to oakland. this as the california power giant moves toward bankruptcy. i know how expensive it is to live in san francisco and i was curious how much rent they could save by moving to oakland. it might not be much, but it is $1 billion, which is what they are seeking from the sale of their headquarters. an interesting move. pg&e moving to oakland to reduce costs. very interesting. they will return the net gain of the headquarter sales to customers. the world health organization says transmission of coronavirus people not showing symptoms is very rare. our chinato correspondent, selina wang. what

población hispana en estados unidos reportó haber enfrentado al proceso con comentarios ofensivos karinaedan salir a la calle a abusar de nosotros >>> se ve como la agresora comienza discutir con la joven hispana la mujer cuya identidad no se ha dado a conocer se hace pasar por la gerente de la tienda >>> llegó como autoridad como que estaba en un nivel que nosotros no >>> los representantes de la tienda por medio de un comunicado indicaron que la mujer rosista no es sino un gerente empleada o propietario a ella se le prohibió entrar a cualquier de las tiendas en el vídeo grabado se escuchó con de la mujer blanca se escuchó con del pregunta dónde nació ? >>> yo creo que hice todo lo correcto >>> ella enfurecida se aproxima más para continuar con las agresiones >>> hizoque karina reaccionara un informe de víctor hugo rodríguez la mujer que se ve en el vídeo se pudo confirmar es abogada en phoenix guillermo, buenas tardes cuéntanos qué tal estarán las temperaturas ? >>> para hoy todavía cálida, mañana también y después vienen los cambios para nosotros después del acercamiento podemos ver c

karina mitchell. more than 1200 flights in and out of beijing have been canceled as a fresh wound of coronavirus has -- round of coronavirus has affected the city. additionally schools are shut across the city and travel curbs have been imposed on people living near the market where it began. european union is moving to protect industries from tank over by companies and -- from takeover by companies from china and other foreign powers. it could lead to a ban on companies making acquisitions were divesting assets. this could restrict the limits on state aid to businesses around the world. the indian prime minister narendra modi says he will defend his country's sovereignty after deadly clashes with chinese troops in the alias -- in the himalayas. pieceaid india only once e, but only wants peac when provoked will answer. the fed chairman is urging lawmakers not to pull back to quickly on relief for the coronavirus amid increasing debates over whether to -- servicesouse financial committee he thinks it i

i am karina mitchell, this is bloomberg.to pick up. there is a significant amount of community transmission going on, the state premier saying that they recorded another 17 cases of coronavirus and provided that update to the media at the moment. there are staying home directions for a number of coronavirus hotspots across the north and south east of melbourne in victoria. sharp continue to see the rise in cases. another 17 cases being recorded in the state of victoria. they: let's go back to bloomberg global investors. 2020 is supposed to be a big year with lots of homegrown ipos. yvonnes have interview, man asked him if he sees china's reform affecting hong kong deals in the long term. notne thing that people do sometimes fully appreciate is that the market is reinforcing each other. the more open china is, the more opportunities we actually have. open, youare more have slightly different opportunities when they are closed. it is not about a binary thing. we are very differentiated in we roles, in our functions, remains --

latina que regrese a su i pais la agreiddadida le dio u e bofetada >> con na bofetada respondio k karinaico >> no se me hace justo que gent ataque a gente inocente por el color de su piel >> cuenta que la mujer entro g i gritando al local y exigio al c cajero que no la atendiera hac e haciendose pasar por la gerenta >> me dijo vete para alla y es cuando le dije no dejo que me d dir direcciones >> la mujer la empujo y eso c s causo la ira de karina sobre todo porque dice estar cansada de los ataques racistas >> me da pena que esto pase y he estado conciensciente que e g esta pasando por aÑos >> estos hechos son mas comunes y todo inicia con el lider del p pais que envia mnensajes racists >> la gente se siente mas empo e empoderada por las palabras d l deldel presidente de estados unidos, donald trump >> el video se hizo viral y en l los kcomentarios aplauden su r c reaccion la sestacion del ser servicio le prohibirereron la a entrada a la mujer y no aceptan racismo en sus tiendas >> para que mis hijas no crezcan con discriminacion >> maria paula noticias tele telemundo >> en medio del deb

i'm karina mitchell. this is bloomberg.t: masayoshi softbank making these comments, talking about him donating all this year's salary he received to softbank charity, saying his salary is zero, to take response ability for the debacle -- responsibility for the debacle that was wework. "to keep myself under control." he is aiming to control the buybacks, all coming from muscle you she's on at softbank -- masayoshi son at softbank. tom: the coronavirus worsened after a dismal 2019 in china when a trade dispute with the u.s. and deleveraging weighed on growth. but private equity giants have benefited from the turmoil, snapping up assets after valuations plunged. oaktree capital is also building billion-dollar stockpiles. carlisle on the other hand -- carlyle on the other hand is more wary. joining us is partner at a u.k. based firm. us thisu for joining morning. run us through how the pandemic impacted your portfolio companies to date. >> thank you for having me. the covid-19 pandemic certainly has been difficult this year. ou

karina: quÉ bueno que los cuatro policÍas estÁn en la cÁrcel.y especÍficamente vine para representar las familias que han sido afectadas por ice. los migrantes que todavÍa estÁn en detenciones, por todos estos estados, california, texas... es el mismo abuso. hoy en dÍa yo estoy aquí en solidaridad con nuestros compaÑeros, para que haya justicia, no sÓlo para macro flori, tambiÉn para rihanna y todos los otros amigos que han muerto en este tiempo y en este siglo. sÓlo por cómo se ven. queremos dar el mensaje que los niÑos, lo -- los que estÁn detenidos... les estÁn dando una -- un espray que los hace sangrar. es pura violencia y debe parar. reportero: aquÍ sigue la protesta. regresÓ con ustedes. fÉlix: nosotros hacemos una pausa y regresamos con mÁs de esta cobertura. pero antes, vamos a la florida porque tambiÉn allÍ se estÁn realizando marchas en el reclamo por la situaciÓn que se estÁ viviendo. allÍ nos acompaÑa andrea leÓn. cuÉntanos, qué pasa a esta hora en miami. andrea: efectivamente estamos aquÍ en esta manifestaciÓn. es el octavo dÍa en

abc news reporter karina mitchell has a preview. >> reporter: president trump travels to tulsa today for his first political rally since the pandemic began. some of his supporters camping out for days to be first in line. >> i mean i'm excited. this is my very first rally, so i want to get in number one. and i mean i just want to be a part of it. it's great. >> reporter: others traveling from out of state to be there. >> came about six hours, about 400 miles. back home a week ago when he announced his first rally was going to be in tulsa, we talked about we'd like to go one, hadn't been to one. so here we are. >> reporter: racial strife deeply rooted in oklahoma going back to the 1921 tulsa race massacre where white mobs attacked the greenwood neighborhood, one of the wealthiest black areas in the country known as black wall street. they murdered residents and destroyed their businesses. some current greenwood residents and business owners unhappy about the president's visit. >> is the president welcome in greenwood? >> well, for the most part, no. i say no. he's not coming in my sto

karina mitchell has details. >> reporter: as the u.s. marks a new daily record of diagnosed coronavirus cases, 11 states now pausing their reopening plans. florida particularly hard hit seeing an increase friday of more than 9,000 cases in a single day. governor ron desantis trying to downplay the spike, not mandating masks statewide. >> and we're going to trust people to make good decisions. >> reporter: still floridians out of luck if they wa vit a nor now shutting theagai intexas, a similar situation. governor greg abbott in an interview with the abc station in el paso admitting, quote, in hindsight the state reopened too quickly. >> bars is a type of setting that's not made for a pandemic. >> reporter: restaurant capacity is now being scaled back and elective surgeries suspended as hospitalizations surge. icu units at capacity. >> seeing people die because of it and i'll be honest, i'm scared to death. >> this virus is out of control in houston. if we don't act to get it under control, very bad, extremely bad things will happen. >> r

i'm karina mitchell. this is bloomberg. haidi?di: let's get more on the virus now with max neeson joining us out of new york. great to have you. we are coming up to six months to the day that the world health organization was made aware of this virus and out the head is yet to come even with 500,000 deaths in more than 10 million global infections. a pretty grim assessment. max: it is. we do hear where he is coming from looking at the current environment where despite having months of data about exactly how fast things can get and a better playbook on how to address the virus, still seeing rapid spread around the world. even if there is a positive side to it, it is i don't know if we will see quite, most places at least, quite the sort of acute and deadly outbreaks with overwhelmed hospitals just because we have learned a little more about keeping the most vulnerable populations safe. but once you do get to a certain level of infection in an area, those protections do start to break down so it is something to be vigilant against g

i'm karina mitchell. this is bloomberg. haidi: we are just getting some breaking lines from the president. president trump saying he does not think they will have to deploy the u.s. military to cities. of course this after some controversy between the president as well as his top aides being upset. the defense secretary mark esper had been publicly just -- opposed to deployment of active-duty sources to confront u.s. protesters across the country, as trump suggested. the president reportedly considered the pentagon comments on this to be out of line. president trump is currently speaking in an interview with sean spicer at the moment, and we are hearing he does not think it will be necessary to deploy those forces. we have seen the presentation of the national guard, and a couple days ago, the president said he militarywilling to put resources on the ground. ahead, stocks extending the global rally as investors cling onto optimism for a quick economic recovery. analysis ahead. plus, signs that the next wave of u.s. job cuts

. ♪ ♪ karina: this is "daybreak asia." i am karina mitchell with first word headlines.s said to have told major state run agricultural companies to put pause on some purchases of u.s. farm goods as tensions with washington escalate. we are told posco and centigrade have been told to suspend orders of soybeans and pork in a sign the phase i trade deal may be in jeopardy over hong kong. premier li keqiang has pledged to stick to the deal but china security law's straining relations. hong kong retail extended its slump in april as the coronavirus suppressed travel and demand. retail sales fell by value and 36% from a year ago to 3 billion u.s. dollars, a 15th consecutive monthly decline although marginally less worse than the median forecast. retail sales by volume fell more than 37% had hong kong recorded its worst order on record in the first three months of the year. india's credit rating has been cut to the lowest investment grade by moody's amid a slowing economy and a deteriorating fiscal position. the agency lowered the currency rate with a negative outlook. that co

i'm karina mitchell. this is bloomberg.: fears of a second wave of coronavirus infections in the united states are sweeping across states emerging from lockdown. with new york governor andrew cuomo threatening to reimpose shutdowns to avoid a dark place if social distancing violations continue. our bloomberg editor is on the line from d.c.. we heard from sector terry mnuchin that another shutdown was out of the question, but given state governors are the one with the authorities to shut down their states, could we be headed in that direction if we continue to see this second wave? >> i think you would have to take it state-by-state and even city by city. houston, texas is one city that has thought about re-imposing the lockdown. i think it may not be the last when we hear of an weeks and months to come. in places like new york and new jersey, they really crushed the coronavirus curve. they shut down their economy tightly and took them down to quite a low level. but if you look at texas, florida, arizona, tennessee, over 20

karina. karina: thank you.k esper, according to the white house remains defense secretary despite opposition to using active-duty troops to confront protesters. as burke said deploying forces would be a last resort, a comment said to have annoyed president trump and top aides. however, the white house that he remained secure in his job until the president loses faith in him. ♪ the bank of england is planning u.k. lenders to plan for a no-deal brexit at the end of the year. governor andrew bailey, and rare a rarents -- in statement, says it is something the u.k. must prepare for. the government is refusing to consider an extension. brexit talks are currently disrupted by the coronavirus lockdown in the u.k. and europe. ♪ germany has agreed to a virus stimulus package worth almost $150 billion to help europe's biggest economy through the pandemic crisis. chancellor angela merkel has overcome doubts with coalition partners to broker a deal that offers tax leaf to companies, cash to families and incentives to car c

. ♪ ♪ karina: you are watching "daybreak asia." i'm karina mitchell.new wave of coronavirus infections in the u.s., the governor of texas warning a massive outbreak is underway. cases are spiking across the country, forcing governors to reassess plans to reopen state economies, despite pressure president trump. a new model shows u.s. the tallies surpassing 180,000. meanwhile, the monetary fund is theeasingly pest a mix -- international monetary fund is increasingly pessimistic about the coronavirus and expects gdp to shrink on must 5% this year, more than the 3% seen in april, with growth falling slightly in 2021. it fears that hit to the world economy will top $12 trillion. >> we have stimulated a second wave that would generate zero growth in 2020 one, as compared to 5.4% in 2021, which we are projecting. that is the classic al-shaped -shapedovery -- l nonrecovery, that would be a dire outcome and bring us closer to depression levels. warned the imf also about the crisis a decade ago, seeing a contraction of almost 6% as coronavirus cases spiked agai

abc's karina mitchell has more. >> reporter: this morning, new concern about summer travel with covid cases on the rise in the south ands with. new york, new jersey and connecticut say people traveling from eight states must quarantine for 14 days. >> probably necessary. i don't know. it was very different down in florida than it is up here. >> reporter: alabama, arkansas, arizona, florida, north carolina, south carolina, utah and texas are on the list. >> people are going to stay home. you're going to be in america. international will come later. but right now it's domestic travel, closer to home and then venturing out a little further. >> reporter: andrew brown from new york is flying to alabama. >> i'm worried about catching it on the plane on the way back. >> reporter: air travel has slowly been rising since hitting a record low in the spring, but with anxiety creeping back in, aaa predicts 97% of travel this summer will be by car. >> i think that's in correlation with the increased number of cases that we're seeing in the southern states. >> reporter: the new travel restrictions

abc's karina mitchell has more. >> reporter: this morning, one of the former minneapolis police officers charged in george floyd's death is out of jail. thomas lane posting $750,000 bail as new details emerge about derek chauvin, the former cop facing the most serious charges. prosecutors say before his arrest, chauvin was considering pleading guilty to civil rights charges and to murdering floyd but the deal fell apart. [ crowd chanting "put your fist in the sky" ] >> reporter: wednesday night floyd's brother marching down black lives matter plaza in washington alongside lawmakers and protesters. >> thank y'all so much. >> reporter: earlier giving powerful testimony on capitol hill. >> i know that he knew him. everybody knew him. the mayor knew him. killed my brother just because he didn't like him and it has to be racist. it has to be something to do with racism. >> reporter: as calls to defund or disband police departments grow, former vice president joe biden says he's against defunding. >> this is an inflection in american history, a moment where we must make substantive changes now

i'm karina mitchell.his is bloomberg. >> staying with the followed from george floyd's death, republicans in the u.s. senate are drafting legislation to tackle police practices, release of a bill by democrats. emily will constraints us on the line from washington. is this -- emily wilkins joins us on the line from washington. you still have to see what republicans are going to propose. a party thats is is big online order, which you have seen a lot from president trump in the last few days, but they have put together a task force. the leader is senator tim scott, the only black republican only serving -- currently serving. require a will law-enforcement agencies report public injury,e, that is something we saw in the democrats' bill, we have seen republicans come out supporting a ban on chokeholds, also a point of agreement with the democrats. >> even as the protests simmer down, president trump continue to feed the flames with this instantiated sweet. -- unsubstantiated tweet. >> this was a video of a ma

i am karina mitchell. this is bloomberg.: taking a look markets, asia getting a boost after they erased all losses for the year. optimism, easing of the lockdown nationwide. we are taking a look at the msci index, only up 0.4%, having its longest winning streak in two years. several other benchmarks included, the kospi and nikkei, close to doing the same. em rally unstoppable there. em stocks in asia getting a further left, 0.3% higher. encouraged by the reopening of economies likely to rebound in profitability later this year. down by 0.2%. take a look at individual benchmarks in asia. we have the nikkei under pressure, lower after the surge. overheating after its recent rally. almost all sectors on the benchmark are down. 0.3%.0, up china stocks have been out of favor of late, lagging behind stocks around the world. tensions with the u.s. not helping, either. take a look at where we are. yen.6, a big rally in the after hitting a 10 week low, japan's economy shrank less than expected. yuan weakness persisting, down a record

i am karina mitchell. this is bloomberg. right now, it seems like we continue this downtrend here with the reopening from that lunch break. once again extending those declines. around 22,081ing for that benchmark. the topix is down 7.1%. we have seen a cluster of cases in tokyo. that is raising dealer for many investors out there. we are seeing a percent decline. the philippines storming the laggard. least, the surge that we have seen, we have seen some of these asian currencies a bit up. we have been watching where yields are. it has been a mixed bag when it comes to asian bond markets. we have seen the yields at the lowest in a couple of weeks amid this risk off session. this all mean for emerging markets? assets could be posed to see some big gains with the fed yielding for control policy. simon.et more from here is how it looks on the headlines blog. you have a pretty positive forecast when it comes to asian currencies. that is despite the volatility we have seen over the past few days. how long do you think this negativ

i'm karina mitchell. this is bloomberg. up, we digoming deeper into cathay pacific's $5 billion lifeline with investment and advisory group united first parties. , j.p. morgan asset management tells us where it is putting its money. this is bloomberg. ♪ haslinda: after a record-breaking rally that added $21 trillion to global stock markets, technical indicators suggest a pullback is overdue. investors will be turning their attention to the fed's latest meeting where it is expected to stay the curse. joining us is j.p. morgan asset management strategist patrick. good to have you with us. we are hearing stocks are in overbought territory. s&p in overbought territory for years. would you say that any pause we see now is just a pause, especially given a lot of money sloshing around, waiting to be put to use? >> good morning. i think that sums it up quite nicely. australia had a tremendous .un-up in stocks argue that they don't look pretty fully valued. but at the same time, there are plenty of other indicators, particularly pos

i'm karina mitchell. this is bloomberg. ahead, esttill investing, more than $30 trillion worldwide. chinese companies are missing out on the action. we will tell you why. yvonne: next, beijing shuttered the cities largest fruit and vegetable market and locked down nearby housing district. more on what is stoking fears of a resurgence in the virus outbreak. this is bloomberg. ♪ haslinda: fears of a second coronavirus wave are growing in beijing, where a wholesale market has been shut and nearby housing district locked down after dozens of people tested positive. a district level official has been fired and others are under investigation over the outbreak. let's get the latest from our beijing bureau chief. we had the vice premier saying the risks of spread are high, what is the situation? the cluster is growing. they've tested over 10,000 people in the market and are also going door-to-door. basically, aggressive contact tracing trying to find anybody who's been to the market. there are about 100 cases so far, the biggest te

i'm karina mitchell. this is bloomberg. still ahead, more interviews from her bloomberg invest summit. we are going to be hearing from the carlyle group ceo. who sees a tough coverage for the u.s. and china. we will hear from larry fink about his outlook for markets as we slowly end lockdowns. tom: also ahead, a look at how the coronavirus pandemic is exacerbating gender inequality in india. we speak to someone who specializes in the economics of discrimination with a focus on gender issues. this is bloomberg. ♪ tom: welcome back. carlyle group sees the u.s. enjoying a v shaped recovery and then struggling on the upward path. the ceo spoke with alix steel at the bloomberg invest global summit. there is a sharp bounce back because i do think the worst is over in terms of april being the low point, they sharp bounce back does not mean a v shaped recovery. what we are seeing in china and that is the best example of something that is close to a v-shaped recovery. due to consumer skittishness, due to some of the factors involved

países, nos vamos a phoenix arizona, don a esta persona que trabaja para esta victoria, bienvenida karinaa las cosas correctas,el trabajo no termina todavía . >> tienes hijos en el país, qué les dices a ellos para que entiendan, todavía no es un éxito total, no tiene sus papeles, qué les dirás . >> mis hijos son ciudadanos, pero ellos están expuestos a ser víctimas de racismo siendo ciudadanos, la lucha es para que el congreso pase la legislación para las familias también que quedaron por fuera del programa, la ciudadanía no garantiza que estaremos seguros, estamos en solidaridad, en el movimiento en donde estaremos diciendo que ice y la policía tienen que quitarle los fondos, tienen que quitar el dinero, y ponerlo en la educación, el dinero que va a la policía, se vería mejor usado en la educación, y en los sistemas de salud es el llamado al congreso a que les quiten fondos . >> eres un ejemplo para decir eso, eres una profesional, crees que el país perdería si te pierde a ti y tus hijos . >> parece que se nos cayó la señal no se vayan continuamos con más de noticias telemundo medioadía

i am karina mitchell. this is bloomberg. shery.hery: we have talked extensively about the stock disconnect with the economics and earnings fundamentals. here is one where -- one more way to show it. this shows the s&p 500 in white, forward earnings in blue. it may be a long time before the two lineup. let's get some perspective from the global chief economist and head of global macro, frances donald. us.t to have you with will these two lines ever lineup as long as we have the fed aggressively supporting the market? not only the fed, but basically global central banks. frances: central banks are a key part of the story, but from my perspective, where we are getting the real policy put on the fiscal side of the picture, and because of that, i am a little bit more worried about how stocks and broad risk sentiment are going to be performing. we know central banks have the capacity to write more stimulus, to stay on hold. they are going to do that. what seems less certain to us is a significant segment of the rally. do we get packages

en un concurso para ganar un premio que se llama motores que mueven a mÉxico y ojalÁ lo gane >>> karinaomas irresistibles de gain! para nosotros en best foods, el sabor lo es todo y creemos que el mejor sabor comienza con los mejores ingredientes como huevos de gallinas no enjauladas para best foods, el verdadero placer está en el sabor. a ♪ (mÚsica) ♪ fluch >>> y estamos de regreso en su casa de todas las maÑanas "un nuevo dÍa" gracias por estar con nosotros es el momento mÁs sabroso de la televisiÓn y hoy celebramos el dÍa internacional de este ingrediente el cual nos trae tantos buenos resultados lo consumimos en el desayuno los mejores desayunos viene compuesto de un huevo pochado, huevo frito en espaÑa. >>> un huevito hervido y lo pico >>> totalmente es un gran aliado para irnos al lado de la reposterÍa y hoy celebramos y honramos este mÁgico ingrediente y querÍamos hacerlo de una manera distinta, chÉvere coole. miren se me ocurriÓ de alguna manera mezclar un huevo duro yo particularmente siempre tiendo a hervir 4 y 5 huevos si estamos en el corre, corre se lo cortas en el ensalada

we go to karina mitchell. >> let's get to the first word news. and south america account for almost two thirds of new coronavirus cases. the death toll in brazil has surpassed 50000 and cases across the u.s. surge. florida reported more than 4000 cases on saturday, a record. a victory for trump in court. justices rejected an industry challenge to the president's tariff on fuel products. place and muchin of the world. -- in much of the world. defense lawyers for a man charged with the downing of malaysian flight are rejecting claims that the plane was shot down by a missile. three russians and ukrainian are charged with murdering all 298 people on board the flight. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am karina mitchell. this is bloomberg. at the coming up, back bloomberg invest global summit. jim.ll speak to ♪ vonnie: this is bloomberg markets. i am vonnie quinn alongside amanda laying. scarlet fu is sitting down with jim chanos. let's listen i

i am karina scott. this is bloomberg. -- karina mitchell. this is bloomberg.ia treasurers as worsening diplomatic ties with china will not be a factor to agreement. the joe pfizenmaier says he expects 90% of australia's trading relationships to be free trade deals by 2022. he was speaking exclusively with haslinda amin. haslinda: australia has been a trusted partner in free trade agreements. bilaterally. when we came to the government, we saw 26% of our two way trading relationships covered by free-trade agreements. today, it is over 70%. the expectation is it will get to 90% i-20 22. -- 90% by 2022. thelayed a key role in conclusion of the transpacific partnership. we recently signed a deal with indonesia. hong kong and peru. other partners that are important for australia. we will continue to support free-trade because that was in australia's interest and that is in the globes economic interests as well. haslinda: when it comes to this, shed some light and what the sticking points are and realistically, when do you expect those talks to actually reach a conc

i'm karina mitchell. this is bloomberg.ith china's judge slade of body voting on hong kong legislation tuesday toping -- china's legislative body is voting on hong kong legislation tuesday morning. activists and business groups say it could erode the city's freedoms. the significance of the timing, of course, it does not go unnoticed. what new details do we know about this proposal? reporter: china's national people's congress, the standing committee discussed the law over this three-day meeting that started sunday. according to local media reports, it could pass during this session as early as tuesday morning. if it did, this would come just in time for the july 1 anniversary marking hong kong's return to chinese rule in 1997. we have yet to see the full effects of the law. officials have acknowledged they have not seen a full proposal. local media has reported new details that includes the proposed law, including a life sentence for acts of subversion. they are reporting that prison sentences for the first types of crime,

xfinity mobile. ♪ -- karina: this is "daybreak: asia."it prepares to reopen businesses after the coronavirus pandemic. the mayor is calling on all protesters to seek health checks. the weekend saw some of the biggest black lives matter demonstrations across the u.s., most of them peaceful and arrests sharply down from previous rallies. meanwhile, minneapolis says it is beginning the process of dimensioning its police force in the aftermath of the death of george floyd. it is vetoproof and a city councilmember say they will consult the citizens on what should happen next. someone was elected in 20 acting -- 2018 promising to mend relations. the prime minister of singapore says things will look different from -- different after covid-19. he said the city state will not return to the interconnected global economy from before the lockdown, and with unemployment rising and travel hammered, the future will be more tough. singapore spent the equivalent of 20% of gdp on its response to the virus. russia is investigating a massive oil spill in sib

daños en las personas que transitan por la zona >> una fortuna saber de primera mano gracias a ti karinae movimiento telúrico fue un movimiento de lado a lado y que generalmente no causa un daño tan escandaloso como el que vimos el 19 de septiembre del 2017 donde la destrucción fue enorme en varios estados de la república mexicana hoy apenas dos días de haber comenzado el verano la gente está viviendo una normalidad que no es normal la gente estaba en la casa trabajando y salió a la calle en pijama la actitud de la población ha sido ejemplar vamos con (...) muy buenos días para ti desde el estado de oaxaca >> muy buenos días en oaxaca este sismo que se registró a las 10 de la mañana a 23 kilómetros del sur de oaxaca en la región de (...) donde nos encontramos en este momento hablamos de una persona fallecida y una persona con lesiones en huatulco es el reporte de las autoridades y en la carretera federal de (...) a la ciudad de oaxaca donde hubo daños a vehículos que transitaban por la carretera en la región de (...) las ael presidente de estados las autoridades activaron el protocolo y

let's turn to karina mitchell with the first word headlines.aid to have is told major companies to pause some purchases of u.s. farm goods has tensions with washington escalate. they have been told to suspend orders of soybean and pork and assigned the phase one trade deal may be in jeopardy over hong kong. the premier has pledged to stick with the deal, but china security law is straining relations. hong kong retail extended its slump in april as the coronavirus suppressed travel and demand. retail sales fell 36% from a year ago, from $3 billion, a 15 consecutive monthly decline. all the marginal less worse than the median forecast. retail sales fell more than 37%. hong kong reported its worst quarter on record in the first three months of the year. gaming revenue in macau plunged in may as casinos await the post virus reopening. growth gaming revenue was $221 million, down 93% from a year earlier. slightly better than the median estimate of 95% decline. major sasol in a straight month of falling with macau already battered either trade war an

taking a look at the first word news is karina mitchell.irus cases continue to rise around the world with total infections now about 8.8 million, with 467,000 people now dead. cases in several u.s. states jumped, with one researcher warning of what he called a forest fire of cases on the horizon. spain has been hit hard by the pandemic, but is now lifting restrictions on visitors from the eu. meanwhile, china is suspending poultry imports from the tyson foods plant in arkansas after hundreds of employees tested positive for the coronavirus. all products en route to china or already arrived will be seized by customs. this could undermine the u.s.-china trade deal. president trump is planning to restrict employment visas, which could affect up to 250,000 people seeking to work in the u.s.. trump told fox news he plans to put curbs on several different visa categories, including the h-1b program for high skilled workers. he says there will be very few exclusions. an early south korean trade figures shows an easing of export declines in june, h

querido de todos hÉctor suÁrez quien deja un inmenso vacÍo en la comunidad artistica buenos dÍas karinabir ningÚn medio de comunicaciÓn y dar entrevista y por nosotros lo haremos descanse en paz >>> una carrera sin duda completa, mÁs de 60 aÑos de trayectoria un gran talento que nos dejÓ tantas cosas, tanta televisiÓn, tanto cine. y en una, una nota un poco mÁs ligera hace tan solo un mes karina Él habÍa debutado en tik tok que sabemos que es una plataforma que muchos conoce riamos para gente muy chava y ahÍ nos hizo reir en estas Últimas semanas con sus ocurrencias, su forma de expresarse, y tambiÉn una de las cosas que le admiramos la honestidad que siempre lo decÍa en el publico y defender a los mexicanos y a la gente que gobierna mal como tÚ lo dijiste. >>> sÍ varias televisoras dijo que recibÍa amenazas y luchÓ por lo que Él creÍa >>> gracias karina por este reportaje completo nosotros le enviamos todas nuestras bendiciones de este gran actor hacemos una pausa. al regreso veremos los tratamientos seguros para el acnÉ. y la actriz alejandra avalo quÉ cree desata una pelea contra lau

. >>> para josé patiño y karina ruíz los últimos meses han estado llenos de ansiedad, despertando cadante tiene el poder de cancelar un programa creado por otro presidente. >>> a partir de la semana entrnante una decisión podría ser inminente. >>> debido a la situación política del país, creo que tenemos que estar preparados para lo peor. >>> solo restarían las fechas del 22, 25 y 29 de junio, abogados creen que si la corte falla a favor de turmp el programa posiblemente sería disuelto en fases, los permisos epxirando. >>> casi temporal y necesitamos una solución permanente. >>> instan a dreamers en planificar y aún no entrar en pánico. >>> aún cuando los permisos de trabajos dejaran de existir, el dreamer sería indocumentado y ice no tiene capacidad de deportar 700 mil muchachos. >>> pero aseguran es hora de buscar posibles alternativas. >>> si usted es dreamer haga peticiones familiares, para que tengan protección . >>> vamos a una pausa, pero al regresar 2 jóvenes recién graduadas llevan un importante mensaje para cuidar el medio ambiente de una forma muy orignial, le contamos en mi

. >> él es el testigo que logró grabar estas imágenes con su teléfono, donde karina rodríguez es agredidae ella padece de problemas mentales. >> (habla en inglés). >> asegura que su esposa no es la misma mujer que entró a la tienda para agredir a la joven y no recibe tratamiento. este abogado asegura que esto es una campaña para limpiar su imagen y la de su esposa. >> esta gente piensa en perder negocios, que no quieran trabajar con él, le dijeron debes decir que tiene problemas mentales, para que quede como víctima en lugar de la racista que es. >> ¿qué pasa cuando la persona hostigada se defiende en defensa propia? >> si le ponen cargos a la hispana, la otra persona fue con más agresión, y atacó primero. >> el esposo de la mujer agresora dijo que no va a presentar cargos. >> me molestó, le dije suficiente y ella me agredió primero. >> (música). >> esta tarde le preguntamos si ha tenido ayuda para conseguir ayuda financiera. aquí dice alguien que sí y agradece al gobernador . una mujer dice que después de 2000 llamadas recibió su tarjeta de ayuda. vamos con la respuesta de maría arellano