and let's go to our new york our financial correspondent in new york korda. yes we talked about this case before everything going on around tech talk there's been an unusual amount of involvement from the u.s. president including a request for payment should this sale go through to $1.00 of these 2 companies just to talk have a case before it it clearly is highly unusual by the way i'm standing in front of district court in brooklyn and not in florida where their lawsuit actually of was filed here on monday you mentioned this fee this cut that the u.s. president is looking for from this potential deal to talk or the mother company by denser actually saying well that proves that it's not about the national security but that the whole case is politicized and if we look back what happened last year for example when we also had your lawsuits from you all by another chinese companies both so lawsuits by the way it got dropped or it dismissed by the court but because then you i was seen as a telecommunications companies so different laws might apply and that's also

and let's go now to our financial correspondent in new york yes korda yes 19000 jobs on the line here what does this tell us about the airline industry right now while the airline industry clearly is still struggling if you look what happens when you travel for example within the united states most states have every actually corinthian orders in place so meaning a lot of people are still shying away from a traveling far and then also if you look on the international business there is still a travel ban in place for a lot of citizens from other countries so that also hurt some vet parts of the business and so if the u.s. government does not provide more money after september it's pretty likely that american airlines will not be the only and last airline that will come out was mass layoffs yes what's the outlook on the u.s. government extending that lifeline to the airlines. well basically congress is more or less in summer recess and won't return before after labor day what is around september 6th or 7th so nothing is going to happen before that and then clearly we have elections comin

resonates 60 . 60 years ago this week the beatles played their very 1st concert and my colleague michael korda is here with me michael we know looking back there that that concert in hamburg was a milestone in music history did the band have any sense of that at the time certainly. the knot they were is so young so experienced they hadn't even written their own songs yet mike and it was just a cover bed and not the best one and so they played the whole night for hours because they haven't even read the contract before so. it was before they got famous and when someone there wasn't even a bad way they could sleep they slept backstage it was a tough time but they learned a lot in the extreme hard work oh my gosh so much has changed and of course about point they were not yet the same fab 4 that became the global sensation the line it was a bit different every single start at the drums wasn't even there yet pete best was at the drums the manager of the band later threw him out of the band because he wasn't good enough and there was a 5th member it was not the foot for they were fife. sacked kid w

and let's look into this with our financial correspondent in new york korda. yens investors seem happy but the reality is that a lot of these companies really got hit hard in the 2nd quarter is wall street's on a different page than main street yeah i mean clearly the stock market is decoupled from reality and then also if you look at the stock performance it's a bit tricky because just 5 big tech companies stand for about 20 percent of the valuation of the s. and p. $500.00 so is those 5 stocks doing good that makes the s. and p. 500 in general look much better than it really is that if you have it companies in the leisure industry if you look at the airlines the big oil companies and so on and so forth some big consumer names they clearly did pretty bad in the pastas 3 months that does not really get reflected in the stock market and there are 2 terms here on wall street fold more and you know fear of missing out is the one and then there is no alternative to stocks was all the cheap money from the federal reserve so that also played a role by the stock mark

and for more on this let's go to our financial correspondent in new york korda yens good to see you all right so a big loss for disney but instead or despite this i should say a lot of love from investors shares rising 9 percent i believe what's going on. you know an incredible performance on wall street was the stock of disney i'm standing here in one of so many closed a movie theaters in brooklyn and interestedly enough to be advertised for the opening off the movie moulin you just mentioned supposed to open on march 27th so well that obviously did not temp and so now disney is planning to show a mule on disney a plus for $30.00 for subscribers and that's the one thing that investors got really excited about the streaming business off a disney it chief to get to 100000000 streaming customers and they achieved that goal for years earlier than they had or regionally planned i mean other than that if you look at the performance of the movie studios in general especially also the amusement parks is a cruise ships all of that did to pretty poorly also when it came to cable t.v. at the u.s.

path and i think the report shows that let's get the view from our wall street correspond against korda is the world's top economy on the right path as we heard there we also had about a roller coaster ride and there's that 2nd wife business. well i mean clearly that is one of the big unknown so what might happen health wise if there might be a 2nd wave coming in fall but even without that we shouldn't forget that the layoffs actually would be much higher without all those billions of dollars that the u.s. government is spending airlines for example have hinted again and again if there won't be you have billions more to support the industry as layoffs will happen and the same is true also for other areas some having that said to sure almost 1800000 jobs within one months that is quiet in the press if but we also shouldn't forget just for the months march and april we lost a good 22000000 jobs here in the united states and even if for the 3rd consecutive months there were job gains in the millions we're still shy about 13000000 jobs from it when you compare it to where the u.s. economy a

lethal any or to send and achieve some kind of political agency in in minsk for now we have opposition korda nation council which is deputising for her but look it's a good doesn't look like is inclined to recognize it so it will be streamlined difficult it's always difficult to basically lead a political movement from emigration very few of the it has succeeded in that and knows about it and instinctively it will make everything possible to prevent a kind of scare from returning to belarus and he has a capacity to do it he controls the board not the opposition constant saying thank you as always for your insights that was russia analyst constantine in moscow. you're watching g.w. news coming up next in business a small company in government is helping local businesses to cash in on recycling they can simply send a message by and their plastic waste is picked up and paid for. about him coming up next indeed of your business with christoph cocoa i'll be back at the top the next hour with more thanks for being with us. where i come from we have to fight for a free press and was born and raised

korda. but because of that. there is a. new push to launch the comments about it more so. in the early ninety's. a psychologist just proposed to the west but incentive to social experiment. paedophiles and neglected boys experiment was. it's. good to go on. girls to believe that sex with older men would help with the boy's socialization over 30 years many children were handed paedophiles to raise. boardrooms or she could meet mr holder mr 103 over. big noise inc is the regulator work that we started 1st ours was roebuck cousin and his brother was the producer. my nephew had got killed and we're going to video you'll see to stand in front of what we do make shift sheets rest in peace had his name and all that was out. and then 7 days later my cousin who i was close with more like a brother he was shot down in front of his kids he was walking into his house and somebody walked up and he had his door. girl walked up to stop this man loving times in the face of them saying proceed to shooting who is autograph because martin not. one of the current president of the slots that i

promise and america's endless wars i am proposing a new foreign policy focused on advancing america's korda show interest to avoid endless wars that we're caught up in the current strategy of toppling regimes with no plan for what to do the day after only produces power vacuums that are filled simply by terrorists we now know he didn't deliver on his promise but many americans still long for that a waste of peace and in 2020 the opposition understands this all too well democrats know it's time to bring nearly 2 decades of unceasing conflict to an end and left wing right wing it doesn't even matter polls are showing that 3 out of 4 americans want troops withdrawn from afghanistan and half of them want to see cuts to the military budget when it comes to u.s. foreign policy the vast majority of americans are fed up with never ending war and yet the democrats are supporting joe biden as their candidate a man with a track record of supporting conflicts. let's start from 2002 when joe biden jumped right on the weapons of mass destruction bandwagon and supported the u.s. invasion of iraq clearly b

world number four nelly korda, one of the favourites, had a mixed day, making this eagle on the 3rd,ve. we but i will take it. the australian stpeh kyriacou leads on i under. britain's adam yates says he's targeting stage wins at this year's tour de france after being selected in the michelton—scott team for the race which gets under way at the end of the month. yates says he's not aiming for overall victory in the general classification, while his brother simon won't feature, he's instead concentrating on the giro d'italia in october. after all the frustrations because of limited play due to bad light and rain in the second test between england and pakistan, the ecb have announced that revised hours of play will be possible during the third match of the series which gets under way in southampton tomorrow. play can now begin at 10:30 rather than the traditional iiam start, if time is lost due to bad light or rain earlier in the match. 3 and half days were lost during the second test. england lead the series 1—0. england lead the series 1-0. we waited several hours to play the other d

are let's break this down now with our financial correspondent yens korda in new york. explain this in a way that we can understand is why is everyone saying that this is such a shift for the fed. well i mean 1st of all for decades the federal reserve try to keep inflation under 2 percent and now they're going to be a bit more flexible but honestly i'm not sure if consumers if the population really has to be concerned about price spikes in the near future how does inflation work off some higher wages for example driving prices so it drives inflation higher and with the labor market still being pretty painful here i do not see any wage pressure at this point having that set i mean you clearly do see higher prices in some areas of food for example has gotten much more expensive but at least for now i do not really see a huge spike in inflation and what the federal reserve did not say is that they let inflation run it to fall 56 percent so it will be roughly around 2 percent of little bit up for a certain period of time but most economists do not really expect a huge spike

and let's go now to our financial correspondent in new york younes korda the ins we are hearing more feedback from companies regarding this decision to ban this very popular app will it have an effect on the decision makers. well it might get tricky because it's election time and u.s. president donald trump tries to make sure the show that joe biden saw his competitor is the big friend of china and 50 years tough on the country and then if you look what happened in the past couple of months a lot of companies were also not happy for example with certain travel bans in place and the president did not really listen or react to it does that have in the having that said if you look at it there's still a couple of issues that we do not know about it is theoretically possible that we should only get spent internationally but not in china so that would also be crucial and that's what u.s. companies are pointing at that it would be crucial for them that they could use a wheelchair in china otherwise they might have a competitive disadvantage. in critical questions still out there you just to

are let's break this down now with our financial correspondent yens korda in new york. explain this in a way that we can understand this why is everyone saying this is such a shift for the fed. well i mean 1st of all for decades the federal reserve to try to keep inflation under 2 percent and now they're going to be a bit more flexible but honestly i'm not sure if consumers if the population really has to be concerned about the price spikes in the near future how does inflation work off some higher wages for example driving prices so it drives inflation higher and with the labor market still being pretty painful here i do not see any wage pressure at this point having that set i mean you clearly do see higher prices in some areas of food for example has gotten much more expensive but at least for now i do not really see a huge spike in inflation and what the federal reserve did not say is that they let inflation run it to fall 56 percent so it will be roughly around 2 percent of little bit up for a certain period of time but most economists do not really expect a huge s

and let's go now to our financial correspondent in new york yes korda yes 19000 jobs on the line herewhat does this tell us about the airline industry right now while the airline industry clearly is still struggling if you look what happens when you're travel for example within the united states most states have every actually parenting orders in place or so meaning a lot of people are still shying away from a traveling far and then also if you look on the international business there is still a travel ban in place for a lot of citizens from other countries so that also hurt some of that part of the business and so if the u.s. government does not provide more money after september it's pretty likely that american airlines will not be the only and last airline that will come up with mass layoffs yet what's the outlook on the u.s. government extending that lifeline to the airlines. well basically congress is more or less in summer recess and won't return before after labor day what is around september 6th or 7th so nothing is going to happen before that and then clearly we have election

all right our financial correspondent yens korda is standing by in new york for more on this is it so simple as the pen demick is that why all these stocks are surging right now. well it's part of why stocks were on fire in the tech industry i'm standing your in times square by the way right around the corner of the ticket change and nest egg we just got numbers from as you look back at for instance another tech company and they were saying that before the pandemic about 12122 p.c.'s were seen per household now basically every member of a household has a p.c. and all those digital companies yes they do profit from the pandemic but on the other side what we're also seeing on platforms like robin hope for example we have a younger crowd trading stocks and they love to buy stocks like f l for instance or also from tesla but it's really incredible i mean in 2007 ok so i got some company here so in 2007 european stocks were 4 times more worse then us tech stocks so now the whole thing converted. it's like you have some company there behind you . there are concerns about tech dominating too

and let's go now to our financial correspondent in new york younes korda the ins we are hearing more feedback from companies regarding this decision to ban this very popular app will it have an effect on the decision makers. well it might get tricky because it's election time and u.s. president donald trump tries to make chili the show that joe biden saw his competitor is the big friend of china in 50 years tough on the country and then if you look what happened in the past couple of months lot of companies were also not happy for example with certain travel bans in place and the president did not really listen or react to this that have been having that said if you look at it there are still a couple of issues that we do not know about it is theoretically possible that reach it only gets spent internationally but not in china so that would also be crucial and that's what u.s. companies are pointing at that it would be crucial for them that they could use a wheelchair in china otherwise they might have a competitive disadvantage. in critical questions still out there you just touched

all right our financial correspondent yens korda is standing by in new york for more on this yes is it so simple as the pandemic is that why all these stocks are surging right now. well it's part of why stocks were on fire in the tech industry i'm standing your in times square by the way right around the corner of the tech exchange and nest egg for we just got numbers from as you were packard for instance another tech company and they were saying that before the pandemic about 12122 p.c.'s were seen per household now basically every member of a household has a p.c. and all those digital companies yes they do profit from the pandemic but on the other side what we're also seeing on platforms like robin hope for example we have a younger crowd trading stocks and they love to buy stocks like ethel for instance or also from tesla but it's really incredible i mean in 2007 ok so i got some company here so in 2007 european stocks were 4 times more worse then us tech stocks so now the whole thing converted. yes it's like we have some company there behind you. there are concerns about tech domin

egypt's government has extended the detention of al-jazeera journalist mark korda saying by $45.00 days he's already been held for more than 3 and a half years without trial after arriving for a possible visit the united nations and al-jazeera have called for an end to his arbitrary detention it's attention on unspecified charges breaches egypt's penal code which sets the maximum pretrial detention at $620.00 days. egyptians head to the polls soon to choose members of a newly formed senate voting begins on tuesday with results to orcus 19th the couple and says the verses living abroad are accosting ballots and more than 140 countries have 0 semarang com reports. 60000000 egyptians are eligible to vote and have a say in who represents them in the newly reconstituted senate votes will be counted from by citizens. home and abroad the 1st upper chamber of his 6 years follows the introduction of a new constitution last year. the old constitution was suspended in 2014 when president mohammed morsi was deposed and replaced by military chief abdul fattah el-sisi who took the top spot the new se

world number four nelly korda, one of the pre—tournament favourites made this eagle on the third to keepwith blustery conditions, with former champion georgia hall here finishing her round at two over. i don't think it could be much worse than that, when wise it was so strong. it felt like a0 miles an hour, i'm not sure how strong it was. luckily the greens were fairly slow so the balls were not moving or anything but i quite enjoyed it out there. britain's adam yates says he's targeting stage wins at this year's tour de france after being selected in the michelton—scott team for the race which gets under way at the end of the month. yates says he's not aiming for overall victory in the general classification, while his brother simon won't feature, he's instead concentrating on the giro d'italia in october. england have named an unchanged squad for the final test against pakistan which gets under way in southampton tomorrow, and after all the frustrations because of limited play due to bad light and rain in the previous match at the ageas bowl the ecb have announced today that revised ho