there are a couple of things we need to look into and we have reaction from laura cooper. ecb willay that the consider allowing inflation to overshoot. good morning to you. i know we listened to that speech together. are we any closer to more easing from the ecb? laura: i think it certainly is the case, but the take away is that it was a very dovish commentary from lagarde. there are two key takeaways i'm seeing. one is that there is this continued willingness to do more because she did note the fundamental challenges around this low inflation outlook and the fact that they do seem willing to have this inflation targeting regime, average inflation targeting regime, like we are seeing from the fed, because she did note that such a strategy could strengthen the capacity of monetary policy to spur the economy given the constraint of the zero lower bound. the negative lower bound. it is quite interesting because she also noted that inflation expectations are becoming un -anchored. if they were to pursue that strategy, that would be a way to get the inflation expectations higher

laura cooper from our mliv team.ning us this morning is paras anand, chief investment officer for asia pacific at fidelity international. thank you for joining us. how do you look at the selloff that we saw yesterday? what was a catalyst? and what does it mean for where you want to put your money now until the end of the year? paras: good morning. i think the correction that we have seen in the market, sector, isthe tech something we have been expecting for a while. these have been a part of the market that i think has been driven almost largely by momentum. i think there are many things that are more fundamental -- that more fundamental based investors can point to two showed that there has been this a gap continuing to emerge between the fundamental value of the business and work trade is -- where trade is. i think it is probably too early to say this is kind of a great dip buying opportunity. i do feel that we have seen quite a lot of nonfundamental actors in the market, be that, you referenced the nasdaq whale, b

now for all of this is laura cooper from our markets in life team. -- mliv team. what are investors focusing on? laura: i think the fact that we see u.s. futures on the back foot is suggesting that the euphoric bounce we saw yesterday might be relatively short-lived. it is likely the action yesterday suggests that we do need more of a correction in order to scare these retail investors who have largely driven the nasdaq exceptional rally, but i think for now, really stocks are facing a wall of worry, and the action this morning indicates that potentially they are focusing back on that, the fact that valuations do still remain frothy and there are a number of concerns and still lingering that could potentially point to another downside today. francine: one of the questions of the day, of course, how useful bonds are in havens in the qe era. when we look at ecb and the strength in euro, are we going to be testing today? laura: certainly the hype today will be all around the euro, and christine lagarde faces a tricky balancing act in terms of managing expectations. no

francine: thank you so much, laura cooper. with the jplusively morgan chief officer for m&a. we talk about the markets and the economy. we also talk about working from home. this is bloomberg. ♪ mberg. ♪ francine: this is bloomberg surveillance. and francine lacqua. let's get to the bloomberg business flash. hsbc has posted its biggest intraday jump since 2009, recovering from a 25 year low. shareholder biggest raised its stake. to aupped its holding percent saying it remains confident in the bank's long-term prospects. commerzbank has picked up deutsche bank's manfred as its next ceo. he will spearhead one of the largest restructuring programs in the lender his -- the lender's history. that will lead to about 10,000 job losses. he will take over from martin on january the third. chairmanund a new after investors soured on the longtime chief executive leading the board. he headed the world's largest luxury car for 13 years until 2019. he won't return. the outgoing siemens boss is now seen as a leading candidate to become chairman. that is your bloomberg business flash. franci

let's get into markets with laura cooper, our mliv macro strategist. does it look like -- it is really just the tech stocks for now? we are starting to see more and more. it already happened at the end of last week, a divergence of cash equities rising partially. if they were not tech stocks, the nasdaq was falling. reporter: that is the focus this week. this test of the retail rally. whether we will see it prevail in tech, or if we will see pressure spillover to broader risk aversion. the fact that today is a u.s. holiday will not read too much into it, but that set futures on the back foot and is not a good sign for what lies ahead. crucially, it is about whether we see the spillover throughout the week and whether this options friendly driving a rally in tech has further room to unwind. anna: good morning to you, laura. interesting to see this options driven tech rally. it really raises questions about the role of retail investors, along with all the reporting around what they have been doing. positionshich other are vulnerable if retail investors a

laura cooper, bloomberg markets live macro strategist.andrew bailey speaks, saying the technical work on negative rates will take time. just turned red on the bloomberg. for some investors, that will give them a little bit of a further grasp on the time horizon with which the bank of england is considering this tool in the toolbox, even if they are not implementing it now. european equity markets, catching up with the u.s. yesterday. u.s. futures pointed to the downside today. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪ francine: written in reverse. the government tells the public to work from home if possible. pubs will close e

let's talk to laura cooper from markets live team, where she is macro strategist. his initial jobless claims. i am drawn to a piece you have written about the importance of data or the way that data that we usually see driving markets is not necessarily driving markets right now, because we are all hooked on the latest virus news flow, vaccine news flow. what is the relationship at the moment between data and market response? laura: the key point is that there is not really a relationship. we have seen this narrative that stocks are breaking away from economic fundamentals. clearly, that is the case when we look at data releases and the actual impact that they are having on markets. typically, we would expect initial jobless claims or tomorrow's payroll to have a significant move in terms of equity markets, but is that -- that is not the case these days, because it is about these vaccine headlines and these hints of unexpected policy shifts that is really driving markets. we will likely need to see a vaccine in order to get cleaner read in terms of economic data an

laura cooper, thanks very much for joining us. 're going to get back to the markets, but right now i want to do your first word news stories. for that, we go to laura wright in london. republicansrats and work together to avoid a government shutdown before the presidential election. house speaker nancy pelosi and treasury secretary steven mnuchin made this informal agreement tuesday. they don't want a stalemate. prime minister boris johnson is facing accusations of hypocrisy after speaking to a packed room of tory mp's. at least 50 people were crammed into the meeting despite only 29 are allowed in due to social distancing. minutes after it finished, they had gatherings of more than 30 people of -- are illegal. france may extend its furlough. speaking on french television, the finance minister bruno le maire indicated the government is ready to spend more than 100 billion euros it unveiled earlier in the day. if the crisis gets worse and they need to do more, they will. global news, 24 hours a day on air and on quicktake by bloombe

let's get into the markets with laura cooper, bloomberg mliv strategist out of london right now. laura, when you look at the hopes for a vaccine, does that mean we are going risk on? is that how it goes these days? laura: it is interesting markets have dismissed this back to back weekly declines already and that is based on the usual suspects vaccine optimism. i think the question at this point is whether we are going to see this rally return. we are seeing froth come off tech stocks. to leadershipd transition because we are seeing a small cap -- the small caps gain traction and when you look at the magnitude of the corrections seen in the s&p 500 over the past two weeks, it is in line with the magnitude we corrections in the last decade. that points to the correction easing for now but at the same time, i would say the risk ahead for this week is all around central banks, notably the fomc wednesday because if they do strike a less dovish tone, then markets expect, then we could see equities on the back foot again so it is a crucial week ahead to determine the next direction for s

let's get into markets with laura cooper. bankal bank after central lately coming out with no change to already low interest rates, and basically updating economic forecasts further out. and saying rates will stay lower for longer. do we expect anything different from the fed question mark laura: that is what markets expect ahead of the meeting. upgrade in terms of its forecast and maintaining rates. analysts do not expect material changes in terms of the actual guidance, and they want more clarity in terms of the new operating framework. the fed will welcome inflation running hot, but for how long and how hot is hot? there are key risks market should watch out for. quantitative easing, bond urges in program is predicated on ensuring markets are properly functioning. that is not an issue now, and warrants clarification. we expect to see some signs around that, and expect the longer end of the curve is most at risk to any signal they will not tweak that. there are things to watch out for, even though we do not expect a materia

let's get into the markets with laura cooper. i guess a lot of people are still asking is it safe to come out from underneath the bed if that is where you have been hiding from the tech rout? we had three or four days of it and we saw something very different yesterday. the nasdaq doing fairly nicely. actually, if you look at where we have been on the nasdaq year-to-date, it was always going to look like a positive performance, even with the extent of the selling we have seen. we are up 24% on the nasdaq year-to-date. laura c.: absolutely. i'm still seeing signs of frost in the nasdaq, even after the three-day correction, and that suggests we need to see a greater selloff in order to really spook the key driver of that and those are the retail investors. if you look at the price action yesterday, it does suggest that these animal spirits are coming back, the fact that tesla was one of the stronger top performers and that nasdaq had sincerongest bounce april. going forward, we may not see the pace of exceptional gains given the fa

we will put that question to laura cooper. this is bloomberg. ♪ ♪ anna: welcome back.rkets: european open." 53 minutes of the trading session that shows the negative. a real negative response from global risk assets to what we heard from the fed yesterday. does that make sense to you? >> i certainly don't think that is the catalyst for this retrenchment in risk assets. we saw investors' nerves were already afraid based on the price action that we saw earlier when risk assets were under pressure. i think what we saw earlier this week was a case of this wait and see, awaiting to see if the fed could meet dovish market expectations. more stimulus is likely not in the pipeline. assets that have been propped up on stimulus reacted. anna: how much stimulus do we think that the risk assets really need? do you think markets are hoping, expecting that they get something on the fiscal side from the u.s.? >> i think that's really the question. it's less a question of how much more stimulus is needed, but really where it's going to come from. i think the fact that we are seeing th

let's get into the markets with laura cooper. are you drawing a straight line between the u.s.residential debate and the negativity we are seeing an equity market futures right now? there are other things about -- things to think about. the ongoing fight against the virus in europe. is this all about the debate? laura: i think that is the clear read for now. aredow being moved that we seeing across futures is gaining traction. the catalyst looked to be when we see contested election comments within the debate. we saw futures higher throughout the two of them speaking. it was around these concerns about whether we could see a contested election. seeingsame time, we are treasuries remaining range bound. they are catching up at this morning. the dollar continues to hold within that range. maybe not quite a complete spillover of risk. it is quite a challenging day ahead. there are other factors at play. we have the eu recovery fund comments that are not a done deal. we have oil tumbling below key technical levels. we have asia on the back foot as well. a number of factors. the deba

so much, thank you laura cooper from our mliv team. we will have coverage of the fed meeting through the day, and do not miss our special. up, an exclusive conversation with the facebook vice president for europe, nicola sharon mendelsohn. that is next. this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg survellance." an austrian politician is proposing sweeping law on hate speech, and they would join germany with its own laws in this area. kardashian says she will be freezing her facebook and instagram accounts on wednesday, and asked others to do the same. she says she cannot sit by and stay silent while the social platform let's hate, propaganda and misinformation spread. she has 188 million followers. joining us for an exclusive conversation is nicola sharon mendelsohn, vp, emea, facebook. "buildk also launched brilliant brands," and she says there has never been a more pressing time for businesses to think of the major shifts we are seeing from the pandemic to the shifts in social consciousness. always

let's get with our bloomberg mliv strategist, laura cooper. was no obvious catalyst for the sum of yesterday. maybe some profit-taking ahead of payroll. it came after this tech rally. what we are seeing in today's price action is we are the buy the dip mantra take hold. european equities are back on firm footing. we have also seen u.s. futures climbed back. it just remains the tech sector that remains weak. so today payrolls will be the key focus for markets. but what we are seeing already so just let yesterday was not the start of this rush for the exit in terms of risk appetite. francine: what are some of markets focusing on right now, what brought on the selloff in the nasdaq and valuations in tech? laura: there was no obvious catalyst? . i think investors are focusing on these frothy valuations and likely taking profits from these are performers. theou look outside of taxpayers, there were some relative bright spots in terms of the cyclical performers in europe. there were some warning signs of this was due, whether it was in or theions ma

let us check in with laura cooper from our market live team. why 2019?ven the fact that we have seen a number of ultimatums and standoffs over the last four years and what it has come down to is down to the wire and then a deal is reached. what we are is political posturing. the currency is experiencing a pressure valve. markets are telling us that there is a degree of complacency because they are likely to see some kind of last-minute deal once again. if that does not prove to be the case and we do see a no brexit materialize, currency well resolved. for now, we can look back at 2019 as a guide. poundyou know, we see the weaken into the possibility of a no deal brexit. that makes sense. we see the euro strength and as the rescue package was put together and the central bank seems to be holding. but why is it euro-pound jumping? aen i was looking to buy cottage in devonshire, it was $.93 and now we are below $.90. why won't it go back higher? >> i think it is likely to go higher. it is a better proxy for brexit risks because it strips out the dollar weak

being a breaking news from our political editor laura cooper confirming that number ten has acceptedew days he has voiced his concerns over the possibility that the uk may break international law with its internal market bill, which passed its first stage in the house of commons. but lord keen there, it was announced a bit earlier today that he attended anything —— resignation, the advocate general of scotland, but now confirmed by number ten that he has resigned. and there you are, laura's tweet there. as i say, the advocate general of scotland, keen, has resigned and has shown his disquiet in recent days over the possibility of the uk breaking international law following the publication of its internal market bill, which may override or negate aspects of the brexit withdrawal agreement already hammered out with the european union. so that has been confirmed in the last couple of minutes. serious and violent criminals in england and wales will face tougher jail terms under government proposals to overhaul sentencing laws. the new measures also include more support for those with men

let's get into the markets with laura cooper. it is interesting to see what is at the front for investors. we look at headlines for record infection numbers in the u.k. and france. the highest number since april. the market is not preoccupied by that. what fiscalupied by stimulus can do to cushion that blow. >> that certainly is the case. futures are telling us to stay positive. i think it is too soon to declare that for the day. whipsawexpect to see price action. what we are seeing is this tug-of-war. yes, we have these stimulus hopes in some progress in terms the democrats proposal, but there is a wide gap between what republicans are going to accept and like you mentioned, we do have these rising case counts. markets are signaling positivity. ultimately, this friction underneath the surface remains. we are seeing tech outperform small caps. we are seeing the reflation trade begin to unwind. there is a lot of uncertainty. markets are going to struggle in the near term. be whipsawed a lot on stimulus debate. outcome, untilhe rea

with bring in these themes laura cooper. i'm not going to ask you how high numbers are going to go. there is much more nuance. an interesting question about where you find havens these days. the markets live team has been asking this question. is there a better haven than the nasdaq? explain to me how the nasdaq has come to be seen as a haven during these times. >> one of the reasons we have seen the nasdaq taking on this narrative that it is a haven is just because it has outperformed the rest of the market during this period of uncertainty. are companies that are outperforming, they are turning profits, they are cash rich. they are benefiting from this overall period of global health climate. this we canental in attribute to acronyms. fear of missing out. there is no other alternative. you really have to participate in these secular growers given the backdrop. some exposure to cyclicals at this stage. just the fact that when we look at traditional havens like bonds that are negative yielding distorted by central bank intervention, clearly at this stage it is no wonder we are seein

let's get to laura cooper now for a look at markets. let's start with the story laura finished with. your question of the day, how will the oracle tiktok deal affect markets? my first thought was i cannot imagine it would. will read donald trump's reaction as favorable? you see this, how do clients see this? why would markets respond quite significantly to this? the fact we are seeing nasdaq futures in the green this morning is pointing to some signal that maybe markets are taking some reprieve. ultimately what we are seeing is , this correction in tech continues to expand. that is unlikely to be shaken from this deal. if anything we are seeing a rotation of economic recovery efforts away from tech valuations. we should see cyclicals start to catch up if we do see signs of fx recovery in the u.s. continue to be sustained. i do not think any reprieve on this tension in terms of u.s. china tensions is going to spark a catalyst in terms of providing that room for tech to outperform once again. are: on so many fronts we waiting for the elect

let us bring that to laura cooper right now. how significant do you think these ecb comments are? >> what this is telling us as we are seeing mixed messaging across policymakers. if you look at how the euro is responding, it is because we look at comments yesterday from the ecb. pennetta suggested more stimulus is needed. that it is better to have more stimulus to prevent downside risk materializing than it is to actually have any kind of withdrawal earlier. it captures the divisions within the ecb and the challenges ahead. questions ultimately whether this indefinite stimulus is likely baked in, providing this floor to stock. that could be challenged. the fact we are seeing this mixed messaging. mixedin terms of messaging, what do you think of the latest out of the fed? jerome powell has made his case very clear. he says there is a need for more fiscal stimulus. he told us what he think's about low interest rates. on both of those he seems to be contradicted by the fed, whether that is around fiscal need or interest rates. what do you make of that? >> i think really that is the c

we put that question to our mliv macro strategist, laura cooper.ou're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. welcome back to bloomberg markets, this is the european open. we are 30 minutes into the trading day. we are looking at losses across equity indexes. 600, the broader benchmark index in europe, also falling right now about 0.3%. youou use the grr function, can see which sectors are on the move. most to the downside led by travel and leisure, banks and real estate the only gainers it looks like utilities, very 600 --ve, and the stoxx i'm not 100% sure what that is. that ringou -- does any bells? anna: no. i can't see it. [laughter] it is too far away. matt: i

t >> laura: horace cooper, this is joe biden 23 minutes ago on twitter or whoever writes his tweets.ri "we must continue to speaktw breonna taylor's name, support her family still in grieving and never give up on entering the full promise of america for every american."iv full promise of america is equal justice under the law. according to our system, that's precisely what was done here. biden is trying to politically capitalize on it. i guess we shouldn't be surprised. >> this entire summer all i have witnessed has been a systematic effort to get black america ginned up with the idea that instead of a rule of law instead of legal process, we are going to let the mob decide how things are done. the irony, the absolute irony about all of this is when you rollback the timeclock, what you see is black america y consistently loses when we have mob justice. we all benefit from the idea of equality before the law. we all benefit if we have a system in which we have the rule of law where people aren't singled out because of their race or their background. the police hatred, the riot looting a

reporter: at this point, several tahoe area resorts plan to open by thanksgiving if the weather cooperates. lauranthony, abc 7 news. >>> i know a lot of people are excited about that, just something different to do to get out. >> yeah, and it seems like it is one of those activities that is pretty safe. it is outdoors and you usually have? sort of mask to begin with. remember the snow is very important in the summertime, get a lot of our water as that know melts. so we're hoping for a good winter today. today we're talking hot temperatures on the way for the holiday and that air quality, that just won't change. and live doppler 7 showing you we have a bit of a marine layer along the coast. it has been shrinking has high pressure builds in. palo alto, 54. 57 in napa, 59 right now in concord. so later on today, a couple of degrees warmer today than we were yesterday, but this is pretty average for this time of the year. a high of 91 for concord, 80 in palo alto, 69 in the city. 86 in santa rosa, 82 in san jose. again spare the air is in effect. overnight tonight, the marine layer continues to shrin

. >> laura: most red states are cooperating and things are relatively calm in red state america, butiden said again today in pittsburgh that essentially you're not going to be safe in donald trump's america. >> president trump: so, if it weren't donald trump's america, to just use the expression as on president, you would have riots like you've never seen. the democrats have lost control of the radical left and if you look at bernie and -- i call it the manifesto that was agreed to with biden, that's further left than bernie ever was. it won't be able to control these people. these people have lost control of these people and that's hurting them. don't forget, biden wasn't going to come out of his basement until the election. now he had to because the polls are so good for me. now he had to because the polls are different, so all of a sudden he's in pittsburgh. he wasn't going to leave his basement, then he said okay, he's leaving, but he won't leave for ten days. ten days is a long time, so in the meantime like on sunday and so is saturday, i'm in texas, i'm in louisiana. i was goin

are assisting the portland police department, you can't do much when you have absolutely no cooperation. >> lauraif they don't think they're going to go to jail for ten years for doing what they're doing, then they're going to keep doing it, so how does ahelu trump reelection calm things down in the united states?s? biden says it will calm g things down, how will the trump election calm things down? why won't he calm things down? >> president trump: they won't calm things down, they will take over. if biden gets and they will have won. he's a weak person, he's controlled like a puppet. it's not going to calm things down, it's going to be they will have won. they will have taken over your cities. it's a revolution, you understand that. it's a revolution and the people of this country will not stand for that. if they're not going to stand for that. the vast majority of people feel like me. every time i put "law & order" up on social media, it gets such an incredible positive response. the people of this country will not stand for it. if you say calm things down, yeah, calm things down because they

reporter: at this point, several tahoe-area resorts plan to open by thanksgiving if the weather cooperates. laurat snow looks really good compared to what we're going to have this weekend. >> yeah, talk about high heat with one last check of weather with drew. >> yeah, looks enticing, you guys. find any way to stay cool tomorrow. we have dangerous heat. stay hydrated with water. find ac if you can. seek shade outside if you have to be outside. tonight it is warm. 70s and 80s at tshi lhour. tomorrow it's excessively hot. rosa.t these numbers. 111 in concord. 93 in the city. 96 in oakland. 102 the forecasted high in san jose. here's the accuweather seven-day forecast. spare the air tomorrow as well as monday. the heat risk remains pretty high for labor day. heat slowly eases after monday, however, on tuesday we have high fire danger thanks to some offshore winds developing. those winds relax wednesday morning and we'll continue to see cooler weather move in by friday and saturday. >>> here's a look at sports. >> coming up, the san jose earthquakes play their first home game in nearly half a year. p

. >> at this point, several ta ho area resorts plan to open by thanksgiving if the weather cooperates. laurad to think about snow when it will be 110 this weekend. >> so true, spencer. >> i would love to see some snow right now. it is far off in the future. we have an excessive heat warning in effect for the bay area. all areas except the post and the bay shoreline. the hottest areas will see hot he was temperatures from 95 to 110 degrees. and here's a look at the accuweather seven-day forecast. you can see tomorrow, the warming begins. the heat really intensifies saturday, sunday, monday. all the major inland areas tend to get hot. between 10 for you and 110 degrees saturday, sun, mob. the heat will moderate a little bit. tuesday, we won't get cooler weather that will feel actually cooler until about wednesday and thursday. >> all right. thank you. >>> a production of the batman has paused once again after the star reportedly tested positive for covid-19 lt filming had just begun after being us is he said thatted. the movie is scheduled to be released october 2021. the live action mulan fil

cooper? raymond arroyo has it all. "seen and unseen" next. >> laura: it's time for our "seen and unseen" segment where we reveal the stories behind the headlines. we are joined by raymond arroyo, fox news contributor. author of the forthcoming book "the spider who saved christmas." biden had one brief appearance over the weekend in philly. he seemed a little tuckered out as he began. well, until the shouting started. >> i have the great privilege of being the guest. if donald trump has his way, the complications from covid-19, which are well beyond what they should be. it's estimated that 200 million people have died probably by the time i finish this talk. >> laura: we can report. >> we can report with certainty that two-thirds of the american population have not perished due to covid. but it is moments like that which caused the president to comment on joe biden's recent appearances over the weekend. he put it this way. >> they gave him a big fat shot in the ass and he comes out. and for two hours, he's better than ever before. >> the president seem

laura, biden has replaced clarity with indignant's. he runs through kind of a scattershot spray of issues and never really answers the question at hand. this was anderson cooper throwing softballs. imagine with the debates are going to look like. >> laura: that was one of the odder campaign events i've seen. all of them, even the ones that were decent questions, biden kind of reverts back to the golden oldies. i guess every candidate does. but it's more pronounced with biden. he always does that thing where he says but no, no, no i'm not going to get into that. don't want to bore you with that. it's a campaign. what are you talking about? >> the saddest moment of the event, the drive-in town hall, probably biden's hot mic at the end of the town hall. listen closely. >> think you for hosting us. stay tuned for cuomo prime time coming up. >> can i see my family? >> can i see my family? this is what you hear the eldercare unit when they disobey the people taking care of them? i felt awful when i heard this. it's a terrible thing for a presidential candidate to be asking a host for his family. >> laura: he always seems like he's wincing. you mentioned passing a k

cooper, gentlemen, welcome. >> evening, mike. >> mike: president trump with laura ingraham on one of his supporters being killedd. let's listen. >> saturday, one of your supporters is murdered in portland by it looks like a suspected antifa individual and then on sunday, wheeler comes out, and biden, and essentially tries to blame shift to you. >> i've offered to send in the national guard, offered to send and anybody they want, i could put that out in 45 minutes and it would stop and i think the people of portland and the people of oregon, i know it's a liberal state, considered liberal, they are tired of it. they're tired of living with this curse. >> mike: the president says he can shutdown violence there in a hurry. your thoughts? >> i know that in june when the president actually talked about sending in the national guard or some other federal force, there was a lot of pushback. there was large numbers of critics both in the media and among progressives, who said that that was a step much too far. you can't have it both ways. either you can let the president and others in june take the actions necessary to

cooper that hurt. if he had any dignity or any luck in this town he would apologize to music city and resign before midnight tonight. >> laura: and your bar is downtown asheville, called redneck riviera and everybody knows you have talked about it. you don't require masks. now, people are outraged that you don't require masks, but what is the response among the patrons of the bar? >> so our staff wears masts, everybody gets temperature checked, wears masts. that is another thing we fought every single ruled the mayor laid out with the tea. we offer the patrons mask, socially distance or patrons, follow the rules and in the beginning when the mayor was giving us out rages numbers and scared us, hey, mayor, we are team players and don't want to a part of the problem and of course we will do what you asked us to do and we did and we did it until he completely gutted what drives this town, which is live music and broadway downtown. andn now we find out the entire thing was built on a lie that he perpetrated the perpetrated, that he put on notice. >> laura: john, really quick, really quick we have to role, but is this turning int

cooper that hurt. if he had any dignity or love for this town, he would apologize to music city and he would resign before midnight tonight. that's what you should do. >> laura: and your bar is downtown nashville, of course. a redneck riviera. you don't require masks? now, people are outraged. you don't require masks. what has the response been among the patrons of that bar? >> our staff wears masks, everybody that works there gets temperature texts, stomach coming checks, that's another thing, we followed every role. we offer our patients masks, wey distance our patrons. we followed the rules. when the mayor was giving us these outrageous numbers, it scared everybody taken dominic to death. we don't want to be part of the problem, we will do what they ask us to do. we did and we did and we did it until he completely gutted what drives this town, which is live music and broadway downtown. now the entire thing was built on a lie that he perpetrated. >> laura: really quick -- hold on, we have several. is this turning into a problem for democrats? i know a lot of democrats in nashville, it's a democrat town. even some democrats are they perhaps giving the presi