deora showing creative director maria grant see if she henri's latest designs in a lavishly produced film it's a collaboration with battalion star director mike teo garrone you might think that without the show's every label is on the same level what some. others produce short films in the style of stanley kubrick summer clothes others experimental and some cost as much as a movie. old quote or designer julianne fournier has also had to adjust to the new normal due to. the coronavirus pandemic his studio in paris was closed for weeks. now all of the employees wear masks and are working at top speed on the new collection. this stress alone took 400 working hours to create. that. after 11 years this was a moment for me to take time out to rejuvenate my label reflect on my destiny and establish the right balance again. back in january julian $48.00 was presenting his previous collection on the catwalk now he's presenting his latest designs in a film shot at a film studio in it he reveals how an old quote toward dress is created still for him fashion shows aren't be replaceable. about mo

before i close i would like to thank our outstanding staff, leo nora, jason, maria, grant, and zach. thank you, mr. speaker. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from washington reserves. the gentleman from texas is recognized. mr. thornberry: i'm pleased to yield three minutes to the distinguished ranking member of the subcommittee on readiness, mr. lamborn. the speaker pro tempore: the gentleman from colorado is recognized. mr. lamborn: i thank the ranking member for yielding. today i rise in strong support h.r. 6395, the william m. "mac" thornberry national defense authorization act for fiscal year 2021. it was said the art of war teaches us to rely not on the likelihood of the enemy's not coming but our own readiness to receive him. not on his chance of not attacking but the fact that we have made or position unassailable. as reported out of committee this ndaa funds essential military readiness to support the national defense strategy. the legislation does a number of things t makes significant investments in operations and ma

-- in grants? maria: we are stretching it to day four. negotiations with a lot of akin or over how large the grant component should be. it started at 500 billion euros. to 400 billion euros. and now we understand that it is at 390 billion euros. the frugal four believe this should be done through credit and loans. they are willing to work with 390 billion euros. you're looking at a reduction of more than 100 billion euros. but i will say that negotiations are ongoing. we know the european leaders will reconvene at 4:00 p.m. rutte trump into marc this morning and he says he does not believe this is a done deal. he said howell -- i asked him how long this could go until and he said until the end of the weekend. anna: this does not feel like a joke. signaling -- if the deal is reached, it will seem like an important political signal has been given by the european leaders. what about the other issues they have been talking about? conditionality. the reforms. what else is still being discussed? maria: there is a big question mark around rebate

before i close i would like to thank our outstanding staff, leo nora, jason, maria, grant, and zach. thank you, mr. speaker. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from washington reserves. the gentleman from texas is recognized. mr. thornberry: i'm pleased to yield three minutes to the distinguished ranking member of the subcommittee on readiness, mr. lamborn. the speaker pro tempore: the gentleman from colorado is recognized. mr. lamborn: i thank the ranking member for yielding. today i rise in strong support h.r. 6395, the william m. "mac" thornberry national defense authorization act for fiscal year 2021. it was said the art of war teaches us to rely not on the likelihood of the enemy's not coming but our own readiness to receive him. not on his chance of not attacking but the fact that we have made or position unassailable. as reported out of committee this ndaa funds essential military readiness to support the national defense strategy. the legislation does a number of things t makes significant investments in operations and ma

maria: and that was the founder of grant's interest rate observer, jim grant, talking to me this pastis recent "wall street journal" op-ed on the dangers of rock bottom interest rates. i'm with robert kaplan this weekend. it has been a massive amount of stimulus, robert. what is your reaction to what jim grant just told us in terms of the negative implications of these rock bottom rates? >> i think it's good to be mindful of these concerns and that in a crisis, which we're in, i personally think it's been quite necessary to drop the fed funds rate to zero, to do a number of these programs that we've instituted to help stabilize the functioning of the financial markets, corporate bonds, municipal bonds, a whole range of money markets, etc. however, as we go through this crisis -- and, hopefully, move past this virus -- the challenge will be how to withdraw and sunset some of these programs and also be mindful that undue awe comation -- this is, again, in the future -- can have distorting effects on markets. we're not to that point yet, in my opinion. i think we're right in the teeth of

granted. >> so, maria, stay with me, though, i mean, when you say, "he is getting there," where is it that joeen needs to be in time for november in order to win in some of these swing states? >> so when you look at some of the policy announcements that have come out over the last month, it's clear to me that joe biden is serious about getting more youth support and serious about getting more support from people of color. when you look at him prioritizing bernie sanders as a key validater,itizing youth climate justice movement as a stakeholder of what's happening right now, it signals to me he's very serious about engaging these communities and working his way through over the next 100 days. for sure, i mean, the name of the game is always how early did you invest, how long have you been talking to these voters? the pivot to bring in more validaters and voices that are going to generate that real loyalty from this group of voters, from folks like bernie sanders, elizabeth warren, who have higher name i.d. with youth voters, that signals to me that they're serious about making some inroads. >>

grants. let's get to brussels with an update from maria tadeo.ed about how this was for the crown and merkel, and they managed to get across the line, it is not particularly about burden sharing, but what are some of the details? explain to us the backstory? maria: it is always difficult to in who won and who did not, brussels every time you get a deal, every country will say it is a great deal. when you look at emmanuel macron and angela merkel, they got this through the finish line. this is something that has not been done before in the european union. what is striking is a few months ago we were talking about the esm, and the best way to go about this is if italy and spain tap the esm. both countries will get 82 billion euros, they will not have to pay, and their yield are moving lower. you could argue this indicates , even ifn-merkel plan water down. clearugal four made it they wanted rebates in the budget. emmanuel macron said after rebates arerly alive even though he did not like them. the german amount is flat. this was the price of compro

maria: so should it be a law that if you are working under a grant, a united states grant at a universitytake money from the chinese communist party? >> we are clearly cracking down on researchers and others that are sent over here to get involved in our key technological program -- and, by the way, this is not just weapons systems. this is agriculture, this is medicine, this is robotics, this is artificial intelligence and so forth. it's the whole gamut of important technologies going forward. maria: so are they seeking out people like the chairman of the, you know, chemistry department at harvard to try to get those people to work with them? are they seeking people out? >> chinese efforts run the gamut from more traditional espionage of recruiting people to work for them explicitly to cultivating relationships that they're then able to use, and the people frequently are not completely attuned to the fact that they are being used as, essentially, stooges for the chinese. so it runs the gamut of things. and sometimes some of these high-sounding programs are used to the advantage of the ch

doesn't sound too distant from the 400 billion insisted upon as the size of the grant so the difference seems small, but as mariaaid and you discussed a minute ago, the devil is in the details and the key question is what budget rebates to the frugal four want in return for agreeing to 390 billion, because the deal could fall apart on that. the key question is on governance in terms of -- and you said this already, if this looks like a troika program, we might get a deal, but no one and inver apply for it this case, the economic impact is severely limited. francine: what is priced in at andmoment in the markets whatever is priced in, will the markets move on or do you expect to have a longer-term impact on the things you look at? ralf: i don't expect it to have a longer-term impact. one thing that concerns us is the fact that positioning in the periphery as long. spreads are not far off the levels we were at the beginning of the year, only about 20 basis points away from the types we had in 2018-2019. the rally in btp's is becoming long in the tooth, so even if we end up with a deal, the risk at the room, become

maria: as you know, nothing is agreed until everything is agreed so we are looking at potentially a compromise over the grantsi mentioned sticking points in terms of the e of the deal and rule of law for the next seven years in europe. european leaders have gone to bed. it has been a long night and no one has really had any sleep. they will be back at 4:00 p.m. the negotiation will resume and perhaps we are looking at a deal sometime today. i would point out that i bumped to his hotelhe way and he said he is ready to stay until the weekend if necessary. that would be a record for european summit, but anything could happen. certainly can. i remember these evenings go well into the evening and saturday, he said merkel and micron walked away grumpy. that was maria tadeo from brussels. let's get to laura wright with the first word news. laura: in the u.s., the white house said to stop talks on the next virus stimulus packages as debts has 140,000. lord is outbreak was described as out of control by democratic representatives. the mayor of los angeles said his city is on the brink of new restrictions. president tr

maria: your bill does what? >> our bill withholds federal grants for cities that don't uphold and protect the statues.have the responsibility for law and order, not to leave these precincts, not to allow the mobs to rule our communities. we have to stand up to this. maria: joining me right now is judge andrew napolitano. judge, it's great to see you. your thoughts on this proposal? >> well, you know, congress gives away a lot of money and always attaches strings to the money and the supreme court said to the cities and states that receive the money, if you want the money, you accept the strings. as long as the strings are rationally related to the purpose of the money. so if i think congressman mccarthy, in that respect, is correct. if congress is going to give x million dollars to the portland police department, the strings are they have to enforce basic law. i have argued that the police have a moral and legal obligation to enforce the law even when the politicians tell them not to. but that's not the case in port oland.in portland when the mayos don't enforce the law, the law doesn't get enforced.

maria: so your bill does what? >> our bill will withhold federal grants for cities that do not uphold and protect the statues, because the cities have the responsibility for law and order, not to leave these precincts, not to allow these mobs to rule our community. we have to stand up to this. maria: it is scary out there i agree with you congressman it's good to see you this morning we certainly will be watching the developments thanks so much congressman kevin mccarthy this morning. we'll see you soon, sir thank you. coming up white house chief of staff mark meadows on the hot seat over the administrations response to the coronavirus. as we take a break a look at the late, great, john lewis. >> ♪ ♪ maria: welcome back we've got new fox news polls released this morning and it shows coronavirus is the number one issue for voters heading into the 2020 election more than half disapprove of how the president is handled with this pandemic i'm joined right now by the white house chief of staff mark meadows leading the administration through this crisis and mark it is good to have you thanks very much for joining us first

maria: so your bill does what? >> our bill will withhold federal grants for cities that do not uphold and protect the statues, because the cities have the responsibility for law and order, not to leave these precincts, not to allow these mobs to rule our community. we have to stand up to this. maria: it is scary out there i agree with you congressman it's good to see you this morning we certainly will be watching the developments thanks so much congressman kevin mccarthy this morning. we'll see you soon, sir thank you. coming up white house chief of staff mark meadows on the hot seat over the administrations response to the coronavirus. as we take a break a look at the late, great, john lewis. >> ♪ ♪ usaa is made for what's next no matter what challenges life throws at you, we're always here to help with fast response and great service and it doesn't stop there we're also here to help look ahead that's why we're helping members catch up by spreading any missed usaa insurance payments over the next twelve months so you can keep more cash in your pockets for when it matters most and that's just one of the many ways we'

the statement made by acting secretary wolf to our colleague maria bartiromo is a true and accurate statement. the visa is grantedause their physical presence is required. but we never had a situation like this where people have been here and participated in the life of a university and suddenly that participation was terminated either by a pandemic or by the government's behavior. the lawsuit is a very interesting one. had i been the lawyer for harvard or mit i would have brought the lawsuit in behalf of the students, not in behalf of the university because it is the students who are the ones that are truly suffering. the university claims it is suing in their behalf but the federal courts have a requirement of standing. meaning the only person who can file a complaint invoke jurisdiction of a president court is a person whose ox is goard, being harmed by what the government has done. harvard and mit have been harmed by the pandemic. they have been harmed by the government. the students who were told, go home, stay home, they have been harmed by the government. they have a cause of action that is worthy of judic

maria in 2004. her organization had just received a grant for young latinas, particularly around sex education. aria was working in d.p.h. and said i can help you with that. they met weekly, mostly getting together for early bird breakfast and. >> president yee: you might want to turnoff your video. [inaudible] >> supervisor ronen: can you hear me? >> president yee: not too well, so turnoff your lineal. >> supervisor ronen: okay. is that better? >> president yee: so far. >> supervisor ronen: okay. in addition to her work at the chicana latina foundation, maria previously served on the board as director of the mission cultural center and was instrumental in making cultural equity an integral part and criteria for the san francisco arts commission, funding, and resources. in 2018, she learned that teachers at mission education center, a transitional elementary school for newcomer spanish speaking immigrants were spending their own money for christmas presents. maria kicked off a regalitos, a fund raising drive, making sure that each children received a pair of shoes, a gift card for their parents,

maria in 2004. her organization had just received a grant for young latinas, particularly around sex education. aria was working in d.p.h. and said i can help you with that. they met weekly, mostly getting together for early bird breakfast and. >> president yee: you might want to turnoff your video. [inaudible] >> supervisor ronen: can you hear me? >> president yee: not too well, so turnoff your lineal. >> supervisor ronen: okay. is that better? >> president yee: so far. >> supervisor ronen: okay. in addition to her work at the chicana latina foundation, maria previously served on the board as director of the mission cultural center and was instrumental in making cultural equity an integral part and criteria for the san francisco arts commission, funding, and resources. in 2018, she learned that teachers at mission education center, a transitional elementary school for newcomer spanish speaking immigrants were spending their own money for christmas presents. maria kicked off a regalitos, a fund raising drive, making sure that each children received a pair of shoes, a gift card for their parents,

let's go straight to correspondent maria strauss who is standing by in brussels marina walk us through the details. leaders agreed to hand out 390000000000 euro grants that is a less than the 500000000000 yours that were originally proposed by you council president sharma shell instead but the overall funds will remain 750000000000 euro so there's also a certain amount of loans included here so it is the 1st time in history that the e.u. takes up mutual ised that there was a huge taboo before that so this is really a big thing for the e.u. they also agreed an overall budget for the next 7 years it will be the biggest bad should ever 1.8 trillion yours so some some big. milestones for the e.u. there but it certainly didn't come easily in fact they were days of negotiations many late nights what took them so long south there's a basic conflict we have been talking about it in the last couple of days there to solve and countries italy spain very hard hit by the covert 19 crisis they off also been facing economic difficulties even before covered 900 hit them and they said we need grants because we can't pay back loans we don't have the money for it and

maria in 2004. her organization had just received a grant for young latinas, particularly around sex education. aria was working in d.p.h. and said i can help you with that. they met weekly, mostly getting together for early bird breakfast and. >> president yee: you might want to turnoff your video. [inaudible] >> supervisor ronen: can you hear me? >> president yee: not too well, so turnoff your lineal. >> supervisor ronen: okay. is that better? >> president yee: so far. >> supervisor ronen: okay. in addition to her work at the chicana latina foundation, maria previously served on the board as director of the mission cultural center and was instrumental in making cultural equity an integral part and criteria for the san francisco arts commission, funding, and resources. in 2018, she learned that teachers at mission education center, a transitional elementary school for newcomer spanish speaking immigrants were spending their own money for christmas presents. maria kicked off a regalitos, a fund raising drive, making sure that each children received a pair of shoes, a gift card for their parents,

maria: david ban seven joining us. whwhwhwh liberty mutual customizes your car insurance, so you only pay for what you need. i wish i could shake your hand. grantedonly pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ (groans) hmph... (food grunting menacingly) when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums but what if you could stdo better than that?k. like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. we do things differently and aother money managers, don't understand why. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you hi

maria thank you for joining us it is not unusual that we see e.u. member states argue about money but this divide over this aid package seems unprecedented especially this battle over loans versus grants why do you think this is been so divisive. well i think of the what you call the frugal 4 which is actually now 5 countries they are of the opinion that any help that should be given to any country should be in the form of loans and the reason why i've been arguing this is because they are not seeing favor of centralizing more money of putting more money in as often a kitty in the middle that goes out and spreads to those who need it they believe that this money needs to be to paid back you know to satisfy the demands of their own citizens who simply do not want to see more centralized powers at the you by contrast of the countries of the south who are arguing for more grounds they are very much afraid that if help comes in the form of loans that's simply going to pile up on the debts that they have to pay back and they had to very very high debts to be in with when before they have done that make a start and with epidemic they had to go to the markets and or borrow more so they reall

maria: well anna, pretty much. it's just about the timing. when you look at the content, the germans are leading this, they said they don't want to water down the grantnt of this recovery fund, so they don't want to see the 500 billion euros that would go to countries like spain or italy be watered down. in terms of content, it's difficult to see what could change to get a deal other than letting time go by, and the uptick of a difficult deal. we know there are two major sticking points, just how big is this recovery fund going to be? format grants versus loan. but also the governors, which is becoming a talking point. who is going to ensure that the money goes to italy or spain is well spent? for countries like italy, giuseppe conte cannot take anything that looks like a -- anna: absolutely. trying to make any agreement, any enforcement not look like let troika has been something we've talked about in the past. maria tadeo and brussels. she'll be across that summit through the weekend. let's get an update on the first word news. u.s. infectious disease expert anthony fauci says many states reopened too quickly, this as flora and texas report record

maria: it is difficult to see what a plan b looks like in terms of the content because germans have repeatedly said they don't want to see the 500 billion euros in grantse watered down. a lot of this has to do with the optics of a deal. european taxpayers need to be able to see that their leaders are fighting hard for their money, and a lot of it has to do with the optics and the timing. there's a lot of speculation we could be in for another summit towards the end of the month, but going back to your question -- anything that stretches beyond july, you could argue as christine lagarde said .esterday, could be problematic if we see the negotiations stretching on too much, that could be problematic. bloomberg's maria tadeo in brussels, thank you very much. up, the home appliances group still sees negative full-year demand. we will be speaking with the ceo next. this is bloomberg. ♪ ♪ economics, finance, politics, this is "berg surveillance." home appliances group electrolux has reported a narrower than expected second-quarter loss. the swedish company says it still sees negative full-year demand in most of its main markets but that the pace of recovery

granted. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ maria: welcome back. defending property, missouri governor mike parsons says he would pardon the st. louis couple who brandished guns on their front lawn when protesters swarmed their property. listen to what was said about the charges from the st. louis circuit attorney. >> the circuit attorney for the city of st. louis is an elected official. she works on our tax dollars and she has taken it upon herself not to protect law abiding citizens against criminals but to protect criminals against law abiding citizens. maria: joining me right now is fox news senior judicial analyst judge andrew napolitano. great to see you. your reaction? >> well, the charge of brandishing a gun, if you read the full charge, it's brandishing a gun for an unlawful purpose. the mccloskey's surely brandished their guns but it was for a perfectly lawful purpose. missouri has a castle doctrine which basically says you can use a weapon to keep intruders off your property and out of your house. and when justice scalia wrote the heller

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they predict amendments will pass granting putin the opportunity to rule russia until he's 83 years old charlie angela al-jazeera with us now on skype from moscow maria lipman she is a senior associate at the institute for european russian and eurasian studies at george washington university always nice to see you maria. is this vote even necessary i mean it looks like a democratic vote but haven't all the regional parliaments approved all of this anyway. yes indeed legally it is not necessary are this or the amendments have been approved by the constitutional court our regional parliaments as well as the federal parliament of russia have approved them for all practical purposes legally this is enough hooten wanted this vote this this was his desire and i guess what lies and it is put in a once the vote once the amendment. approved by an expression of popular will so that he can see in the future that this was not his own the will a whim but people's desire and if it is he'll probably get that one day he will get that effective mandate from the people no question about that actually in the absence of independent observation with the rules of the vote

maria. >> we have been talking about bringing medical manufacturing back to united states, president trump day is set to grantder defense production act to help increase u.s. domestic production of drugs easing reliance on farm suppliers breaking news on this joining me right now is assistant to the president and director of the office of trade and manufacturing policy, he peter navarro great to see you. thanks for joining us. >> good morning, maria. great day here, in trump land when people look back this is the beginning of american independence from our pharmaceutical dependence on foreign countries this project with kodak is going to be amazing started with president months ago telling my office, hey we need to bring supply chains back, and then he made a critical creative decision, when he signed an executive order enabled the development finance corporation led by maing by adam bowler the figure out ways to finance bringing supply chains home the way this came together, is we have on our board in our office, there is three columns one is what companies can make the key starting materials, for pharmaceut

grant colfax, director of health. good to see you. i start the director's report with some very sad news. a long time member of the health department, sandy martinez, di -- maria martinez died on sunday. she worked at the health department for 23 years. she focused on building many initiatives and key models for the homeless that not only became models for our care here in san francisco but models that were scared up nationally. she was a key member of d.p.h. leadership for many years and served many rolls. department director of community programs, senior staff to the director of health, chief integrity officer, and the director of whole person care. she continually strived to the equality and racial lens. i worked with her early in my tenure at the department, and since i returned. she was a really unique person with her own sense of wonderful style, was inspiring to meet with and engage. ill miss her terribly, as will the department. the next item is with regard to an update on covid-19 and the pandemic. i will be giving a presentation on the data a little bit later in this meeting, but i do want to articulate that we are seeing a surge in infections, a sig

are durability of bounceback joining me jim grant, jim it is great to talk with you again thank you so much for being here. >> is this you are welcome mariat are you thinking about economic recovery? we have your op-ed here, you he recently wrote op-ed in the journal titled powell has become the fed dr. feel-good, you right ground scraping interest rates turned favors into the second lateors quarantined millennials into day trader facilitate over borrowing are suppress market signals appropriately dubious businesses of well financed countries into -- mr. powell how little he knows he and rest of us jim tell us more about this and how, you characterize the handling of this economic recovery, that we are he supposed to be in right now. >> you know, this, insuperable difficulty out in revenue things don't work there is no kind of monetary policy, that is designed to supplant the actions of commerce that is what they faced in march, we are not concerned investors really concerned with voters -- nor with necessity but rather with outcomes what does all this mean. and in several things, by this i mean, a uniquely aggressive monetary stance, it

to more normalcy grant it as lower prices because we have seen it move down and now the big question is what happens from here and i think you will see a rebound in new york city. mariau seeing in terms of prices. walk us through real estate in new york right now. are sellers having to cut the price how much? >> so when we begin two weeks ago the expectation was that we were going to be off in order of 5 to 10%. so what you're seeing right now is somewhere in that magnitude where we are seeing deals get done. the other thing that i want to emphasize is before covid we were in a market that was declining for a few years and had been relatively flat and end of last year showing upward momentum to start the year. the market was already down. i don't think you will see what you're seeing in up markets where it's increase velocity. maria: jon hilsenrath. jon: two questions for you, who wins in this environment if companies and individuals are moving out of big cities and central cities, who are the winners and places that win? there's a lot of talk about crimes in big cities, when you're talking to clients that's something that they are beginning to worry about, crime is

grant colfax, director of health. good to see you. i start the director's report with some very sad news. a long time member of the health department, sandy martinez, di -- maria martinez died on sunday. she worked at the health department for 23 years. she focused on building many initiatives and key models for the homeless that not only became models for our care here in san francisco but models that were scared up nationally. she was a key member of d.p.h. leadership for many years and served many rolls. department director of community programs, senior staff to the director of health, chief integrity officer, and the director of whole person care. she continually strived to the equality and racial lens. i worked with her early in my tenure at the department, and since i returned. she was a really unique person with her own sense of wonderful style, was inspiring to meet with and engage. ill miss her terribly, as will the department. the next item is with regard to an update on covid-19 and the pandemic. i will be giving a presentation on the data a little bit later in this meeting, but i do want to articulate that we are seeing a surge in infections, a sig

grant colfax, director of health. good to see you. i start the director's report with some very sad news. a long time member of the health department, sandy martinez, di -- maria martinez died on sunday. she worked at the health department for 23 years. she focused on building many initiatives and key models for the homeless that not only became models for our care here in san francisco but models that were scared up nationally. she was a key member of d.p.h. leadership for many years and served many rolls. department director of community programs, senior staff to the director of health, chief integrity officer, and the director of whole person care. she continually strived to the equality and racial lens. i worked with her early in my tenure at the department, and since i returned. she was a really unique person with her own sense of wonderful style, was inspiring to meet with and engage. ill miss her terribly, as will the department. the next item is with regard to an update on covid-19 and the pandemic. i will be giving a presentation on the data a little bit later in this meeting, but i do want to articulate that we are seeing a surge in infections, a sig