may larry david and billy at castle rock which was rob reiner's company robin host defended saturday night live ever so the fact that the 4 of us what together was mind boggling but billy and i still hadn't worked with each other he stuck his head in my office one day he said i want to talk to you he had an idea for a broadway show called 700 sundays that he wanted me to collaborate with him on and for those out there who don't know what that means 700 sundays growing up billy's father had 23 jobs work 6 days a week sunday was the day off that was the day that billy spent with his dad when the ballgames that beach you know bowling and billy's dad died suddenly went billy was 15 so he calculated that he had roughly 700 sundays with his father so it was a one man broadway show about his father his mother and extended family and it really made me and billy that much closer i felt so honored. but i the fact that he trusted me with his family me from the right put it into their mouths i hadn't met them but i'm also a jew from long island so it's not exactly i was writing this was these we

larry king always david these are very good i mean i mean nothing would. go again nothing good coming up like oh never a day of life lived in our you know making sure you like me and you knew me and i'm trying to make it easier for us over years on somebody you must also think you're hard. on everything. actually it's just going or is my interest my singing. give me a certain myself but i can't do anything if no one will help me do it i'm gonna help myself but i'm out somehow self atolls i have is not enough obviously for people as little harder free gas to get to where you want to be. found. and. join me every thursday on the alec simon show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. someone else right there. somewhere where a dead body could be a mistress right now. it's hard to convince a young man to make minimum wage he can be recruited by a gay and self drugs and make hundreds of dollars a day. still in jail. so when a person is still throats it seems you're saying if you don't have to

larry king always david these are only good i mean i mean nothing would. go again nothing good coming out of why go never a day of life women out there you know making you sure you like me and you need me and i'm trying to make it easier for us over is awesome for you myself almost makes your heart. want to apply on everything you know if you just don't harass me interest nicely. no chance to give me i'm certain myself well i can't do anything if no one else. do it i'm going to help myself but i'm out somehow i'm not so often told that i have is not enough obviously for those little hard for you to get to where you want to be for the hasn't possible. 6 guys or financial survival guide. when customers go by you reduce the price. to now while reducing lower. that's undercutting not what's good for market it's not good for the global economy. no was a clip of she will join us live. to square one in my it's always at the k. was a got a story will most of the late. you know. immediately. they can trust the wooden at the close build up. at the capital. city they

larry king always david these are very good i have a i mean nothing would. go again nothing good coming up like go and every day of life woman owner you know making you feel like a man and you need me and i'm trying to make it easier for us over is not something you must also must make it hard. for me upon everything you know if you just don't harass me interest nicely. i mean there are no chance to give me. a certain myself well i can't do anything if nomo. do it i'm gonna help myself but i'm out i'll help my self of the tools i have is not enough obviously for people as little harder for you to get to or you want to be for the hasn't possible. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race based on often scary dramatic development only closely i'm going to exist i don't see how that strategy will be successful very critical time time to sit down and talk. about them to maximize your financial survival guide. looking closer to your pension account. yikes this is what happens to pensions in britai

larry: bu announced a hybrid form some on campus, some off-campus. the mix may be different by different institutions. davidfferent between undergraduates and graduates? graduate students tend to live off-campus and maybe they have their own apartments. what is the problem with undergraduates, housing, bathrooms, athletics? larry: there are a number of issues. we have our own issues when we control our own housing, as we do for undergraduates, which means we can bring them back anytime we want. they don't have to find housing in the market places. the graduate student housing stock, most of them are living in apartments, most one to a bedroom. they can self-isolate in ways that are difficult or harder for undergraduates, where there may be a couple people sharing a room. one of the other difficulties with undergraduates has to do candidly, the way they live and what they expect to experience when they come through a college campus -- come to a college campus. we are looking at making sure that we can ensure proper social distancing with undergraduates when they are here, wear proper masks and other things.

david: contributors larry summers. larry: the fundamental

david: contributor larry summers of harvard.ink the fed has fired most of the ammunition it has. we could have new problems. david: ed bastian of delta airlines. ed: we are able to get through this pandemic without any furloughs, we are a different airline at that pont

david: contributors larry su

david westin. this week, contributor larry summers of harvard.er whether the markets will go ahead of itself with respect to the airlines. david: senator mike braun of indiana. >> shutting down early, opening up late in a one-size-fits-all approach that many places took, that is going to make the recoveries harder. david: new york stock exchange had stacy cunningham. >> we are hearing from investors and insurers that they are looking for more choices. we have been working with the

david: he is backing larry kudlow. that was the name that was missing there.ou don't see it that way. why not? >> i'm just following the hard numbers. if you look at the continuing jobless claims that have been reported, they peaked out at 31.1 million americans. those are people on, collecting state unemployment insurance and then the special provisions through the cares act as well. but they peak out at 31.1 million. they have come down to 25.5 million. i would prefer to see a more aggressive downtick in continuing claims before i think we can say victory has been achieved with a v-shaped recovery. implies 18 percent of the american workforce is out of work still as of last thursday. david: a lot of those unemployment insurance checks adding up more to than what people were getting full time. there is a disincentive to that maybe that ends, there will be more incentive toe go out to work. danielle, thank you for being here. now to washington, d.c., inside the beltway where stimulus talks are heating up. a big part is incentivizing people to go brac to work.

david: former treasury secretary larry summers.ink we are taking substantial risks of a second wave of a

his performance has drawn criticism from the white house with larry kudlow suggesting it was overly negative. david is with us. kudlow took a swipe. little you say, gave a bit of a reality check. powellt to you that created a floor on this push down of the dollar. what does he have to do this dollarr you to push the narrative? i am not sure there is anything he can do. if you tell me the unemployment rate would get back where it was in 2.5 years time, he can't change that. the fed has saved the world with the cross currency swaps, showing that the u.s. dollar is still the anchor of the financial system under which we live. we need fiscal push. cheap money is not good enough. buying bonds is not good enough. it is really the fiscal policy to which we will turn. nejra: fiscal policy is one of the reasons we have spoken to you before, david. you have not been overly positive on the outlook. the last ecb meeting and the agreement around the eu recovery fund. 'sy do you not see the euro gain sustaining from here? david: what i am saying is that there is this tale risk. ofs breakup risk as kind disappear

from the late great david stern, magic and larry to all the brands that are involved in basketball andthe nba, now to adam silver, up to players like lebron and new owners. i think it's been mostly a natural evolution but also the people at the top of the sport, the superstars like lebron, people like adam silver being ok with change and pushing the envelope a bit has been a big reason i think -- i think, you know, no player is bigger than the game. the game of basketball is obviously a global sport. it's big business and the nba goes on, right? lots of plarlingse come and go and the nba keeps going on but i think, to your question, lebron 's point is while he's an nba player, and he's been playing for a long time and got who knows how much longer to play -- is while he's playing to have the greatest impact he can to push it forward to leave it in a better place for the next fleets that are coming in and then it's their job. it's their turn. they have to do it as a player and lebron becomes an owner and whatever he decides to do it he can do it from a different angle. jason: maverick o

other people would say larry fink has a social conscience, david solomon has a social conscience, theyerve to be able to address this issue as well. i would like to hear what you have to say about this. you and i had a spirited discussion that spilled over a little bit on social media yesterday. what do you think? liz: here's what i think. good on david solomon. but this isn't just johnny-come-lately type of situation. david solomon from day one of becoming the ceo has put his imprimatur on goldman sachs, saying we want diversity, we don't want to underwrite companies that don't have at least one woman on their board. he is certainly somebody who's had conversations about climate change, as has larry fink. i like this. i think it's good. i think corporate america should be talking about this. charlie: yeah, i have mixed views on it. i think that the last person i want to hear on this issue while they're tearing apart new york city is david solomon. after that, the next last person i want to hear -- liz: yeah but his employees might want to hear. charlie, that's it. we need a whole show

for having me and that's not going to do it for this edition of larry park with me max kaiser and states ever like to thank our guest david call if you want to catch us on twitter it's kaiser report and by al. you cannot be both with the yeah you like. in the troubled 19 seventies a group of killers rampage through parts of northern ireland that was coordinated loyalist attacks protecting only catholic population in belfast tens of thousands were forced to flee their homes a mobile strike can put these attacks was a p.r. you see the police actually took part in the attacks so instead of presenting they were active participants in the burning of full streets in belfast i think more than a 100 innocent civilians were. as the review continues and we found out more. i was surprised about the extent and of the currents which the collusion was involved in some of those cases the killers would later be named. and we're getting i think it went to the very very top i think it is. the water where politicians you thought was going on and give the go ahead. you can't argue with nature of energy nature that has to live through this me

if you go down the line of the big firms, david solomon at goldman, larry fink at blackrock, many othersth the exemption of someone like steve schwarzman at blackstone, the private equity firm, most of these guys are democrats. they, sort of profess theirance absolute, how much they despise him largely in private but you see their public comments are very progressive, guys on the grounds wealth advisors are worried about the clients, clients portfolios are affected. what happens to stocks if you get 28% corporate tax rate? what happens to stocks, if you know, capital gains are capped. all those various measures. they're trying to figure that out right now. also what happens to stocks if regulations get ramped up which they will. what happens to stocks if elizabeth warren becomes treasury secretary? not, not a theoretical possibility, a very real possibility to appease his base. he may do that. she will definitely have a say in fiscal policy. what happens to stock if aoc is part of some sort of energy commission that may be renews the the war on coal? all that is going to be factored in.

larry summers of harvard. ons is "balance of power" bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg and radio. time for stock of the hour, which is microsoft, which is gaining ir from president trump because of its refusal not to sell facial recognition software to police department. kailey leinz is here to explain what is going on with microsoft. kailey: it is not taking too seriously the president's retweet of his former director of national intelligence, basically saying microsoft should be banned from getting federal government contracts because it is refusing to sell the facial recognition software to police department spirit microsoft is not the only one making moves in regards to facial recognition. it follows the moves from amazon to put its own software on hold. ibm is getting out of the business entirely. this comes in the aftermath of the killing of george floyd and the anti-police brutality movement because facial recognition is still relatively undeveloped business. it will be worth $70 billion in the next four years. it should be used in the majority of airports and ho

david: this is what happened in the covid-19 crisis. today, we are very fortunate to have larry, president of harvard, from his home. thank you for coming on the show today. howuld like to talk about harvard is operating under the constraints of covid-19. before we do that, i would like to talk about a statement you issued the other day about the riots and concerns many people have in the united states about racial discrimination and many issues. i contrasted the situation we find ourselves in right now with 1968 when i was in high school. nations a time when the seemed deeply divided. we had just suffered the killing of martin luther king, bobby kennedy. there were riots in detroit where i grew up, many other cities in the united states. i reflected a little bit about how we survived that and what we needed to do to come through this. i tried to find something positive today. when they address how they are going to come back in the fall, do you expect you will see protest related to this or how do you think this hope he dealt with by students? lawrence: a lot of it depends on w

larry. the european union's chief brexit negotiator, michel barnier, has accused the uk of "backtracking" on its commitments over future relations. however, the government's chief negotiator, davided "committed to a successful outcome". time is running out, with just six months to go to reach an agreement before the end of the uk's transitional arrangements with brussels. here's our poltical correspondent, alex forsyth. remember this? it was the end of january when we left the eu. since that moment, the clocks been ticking towards the end of this year, the current timeframe to agree a new future relationship. earlier this year, negotiators from both sides held talks face to face, but it doesn't look like this any more. coronavirus means it's all online, and today, the eu said there's no significant progress, claiming the uk's backtracking on commitments made so far. round after round, our british counterparts seek to distance themselves from this common basis. we cannot and we will not accept this backtracking on the political declaration. among the key sticking points, the so—called "level playing field", measures to ensure businesses on one side don't have an unfair advantage

larry summers to talk about the job numbers that we got today. this is "balance of power" on bloomberg television and radio. ♪ david: this is "balance of power" onberg television and radio. i'm david westin. president trump took a victory today earlier about the remarkable job numbers that came in so much better than anyone expected them to. we now turn to kevin cirilli. is not unhappy with the numbers. was a pleasant surprise, i'm told by white house officials, as well as republican members of congress. 1600is the thinking inside pennsylvania avenue. if they can continue with this trend of positive economic data, they will be able to say it is their administration, their conservative ideologies that will be bound the economy, a contrast they hope to make with the biden campaign. this was a good morning in what has otherwise been a tumultuous week inside the nations capitol. david: at the same time, my question is, in terms of politics, the election, is it more important that they are adding jobs at the rate of 2.5 million more per month, or that they lost 40 million? ill. have a big hole to f they will not get there by november. kevin: precisel

david: good. it is clicking in and out. sorry. thank you. it is great to have you. note, tomorrow night, please join us for wall street week. larryatie from goldman sachs. next, we will talk with the head of the georgia state democratic party about what went on. that does it for the first hour. this is bloomberg. ♪ welcome to "bloomberg markets." -- markets:ays the s&p 500, and pay spirits were state -- u.s. jobless claims remain high, underscoring challenges caused by the pandemic. the pga tour resumes play today. we hear from a pga executive on the challenge of restarting after reporting the highest a yet of coronavirus cases in the state. 500 is downthe s&p almost 5%. the dow has reached the 5%

david doran. the suspect was caught on came camera, dorn was trying to protect. it did not work. >> sean: thank you for that report. larry elder, civil rights attorney, two issues i'm dealing with here that need to be answered. chicago has failed, new york under rudy giuliani, his policies worked. policies the president trump record after record low employment for every minority group. that's a big part of the answer. policies that work. >> let me tell you right now, your monologue has been spot on here let me be very clear right now, i am not a member of black lives, i don't support black lives because i am against defunding of the police. i've got news for you, i'm confused about black lives. they are concerned about black lives, what about david dorn? what about david dorn? why not support him? he is a police officer. al sharpton, you go to all these funerals, go to the funeral of david dorn. i'm sick of it. this is hypocrisy at its highest level. your monologue was spot on and if we are going to be concerned about black lives, there is a black life in st. louis that was lost and why not the outrage? because he's a po

liz: david, all we are hearing about is we may see a payroll tax cut, that the president would like to see this, larry kudlow would also like to see it. i know a lot of viewers that were watching right now feel that way, too. i'm looking at the debt clock right now. the federal budget deficit is now at $2.9 trillion. your point about the fact that there's so much stimulus spending that it will eventually break the back, people don't see it. how would it come to pass? >> well, i am worried that -- i'm not so much worried about what's gone on this year because we had a pandemic and needed to deal with that and that meant a lot of spending. i am worried that we increase the deficit in 2017, 2018, had a big tax cut, i like a corporate tax cut but we didn't pay for it. if we come out of this, still decide we aren't going to pay for it and the federal reserve will print money to buy the bonds, eventually the bonds will get paid, you will get paid in the bonds the federal reserve will buy them, the fed can print money, but at some stage it will threaten the dollar itself. it's really important to have more d

david: the growing crisis is causing several states to review plans to reopen. potentially slowing the u.s. recovery. we have exclusive thoughts of blackrock's larry fink. rishaad: let's get to these markets. a move to the upside. having a look at the msci asia-pacific index. we are on this upward trajectory. we are looking at a recovery taking place for the global economy. how often as it being based on fundamentals and rather, at the moment, a look at this bullish spirit. you can gains for the moment -- eking gains for the moment. we have also in play, new zealand. have a look at the reaction to this decision to keeping first rates on hold at one quarter of 1%. the rbnz saying they are going to be -- they are committed to reviewing their quantitative easing program. the policy committee reached consensus on this decision. they are saying they are prepared to provide additional stimulus as is necessary. all the economists we talked to -- the benchmark interest rate in new zealand staying on one quarter of 1%. little to no reaction on the new zealand daughter -- new zealand dollar. 64 u.s. cents. tom: let's get some of the views from our guests at the b

larry kudlow, green shoouts. there is much that's good in the economy. it is just not where we thought it was going to be, david. it is not all encompassing, but there are some areas that are very strong. >> all right so go over those and explain to me why they are not what we thought they would be. >> i think we thought travel and leisure would come back. that cruiseships would come back, that there would be corporate travel only one person was talking about it this morning, phil lebe lebeau he was talking about demand for cars, even used cars it is incredible what happened is mass transit has been discredited people want to go by car car pooling, discredited by the cdc. so you have to own your own car. so we were going to go from an era where we were trying to be more mass transit oriented in order to protect the environment to an era where we have all got drive again because we don't want the disease that's a fundamental change that's going to drive a lot of different companies in the quarter. >> interesting yeah and lot a lot of used teslas out there at this point. the carbon output during the downturn was

david, has to do with the fact that we need something positive to happen. maybe something positive from the white house. something positive beyond what larry kudlow said over the weekend. setting a very negative tone for some very high-profile stocks. >> yeah. we want to talk and continue the conversation that we've been having about the level of speculation in the market and whether it is really a result of this entrance from unexpectedly from retail investors, jim but back to sort of the matters at hand as we deal with them this morning you know, and we'll have meg join us sortly to give us an update on arizona, texas, florida and the like good news is here in the new york area things have calmed down dramatically as we continue to move through a potential opening. we spoke to the treasury secretary on thursday and i ask them that follow up to carl's question would you consider closing the economy down again let's just for ptake a look at his answer. >> we can't shut down the economy again. if you shut down the economy, you'll create more damage and not just economic damage, but there are other areas and we've talked about this of medica