worked at mckinsey.y've made a ton of money and they've done it on a single principle, make as much as possible from your clients by telling them whatever they want to hear. in april of last year we saw this on stark display, we talked to a long time mckinsey executive called peter walker. he had no problem explicitly defending the communist party of china and its response, totalitarian response to coronavirus. he repeated the propaganda word for word. >> look at the results, i know there's always going to be questions about exactly what the numbers are. i think the harsh action that they took given the scale of china and the number of big cities was exactly what they needed to do to be able to prevent the outbreak from going any further and the reality is, the outbreak hasn't gone much beyond wuhan. >> tucker: that was in april, by the way. the outbreak hasn't gone much beyond wuhan -- right. it's not a transmissible person to person are learning that they may have also helped cover-up deaths in nursing

and now run the black list i understand that you reached out to mckinsey to get the survey started whato and how did this all come about? >> so last june in the wake of the murder of george floyd and breonna taylor, mckinsey announced a commitment in pro bono work focused on racial equity and so i reached back to some of my former colleagues and said if you're interested in studying one place you can do it is hollywood especially because not only does that economic inequity exist within the industry, we, as a matter of our business, then export and amplify stories around the world that also then has material effects on the lived lives of black people and people all around the world that further amplifies that inequity. they saw the opportunity there as well and the basic ask was what is the lay of the land? you are a company that organizations and fortune 100 companies turn to solve your business problems, help us understand what problems and he us understand what the reality is and how you can create solutions. so franklin, tell us what those recommended solutions are? >> yeah. well, t

washing back works for the management consultancy mckinsey. he's an expert on the business of global fashion even he's never seen a slump like this busy in a position to give or longer we're seeing a massive increase in online trade was this issue used but it's very difficult to get customers back into stores in a musket that on the off as long as they have to wear masks socially distance and disinfect their hands when they enter a store the experience isn't as fun. and fashion shopping is not just about fulfilling a need it's also entertainment and that factor is missing. we expect that 20 to 30 percent of businesses won't survive this crisis in their current form for mr bush. according to mckinsey fashion brands are looking to pull out of some manufacturing countries because of the crisis. bangladesh is being hit particularly hard less clothing bought in a country like germany means less work in bangladeshi factories. how dependent is bangladesh on textile exports massively textiles account for 84 percent of exports and 2018 that which is wh

according to mckinsey fast. brands are looking to pull out of some manufacturing countries because of the crisis. bangladesh is being hit particularly hard less clothing bought in a country like germany means less work in bangladeshi factories. how dependent is bangladesh on takes tall exports massively textiles account for 84 percent of exports and 2018 that which is where this graph ends. as is not enough let's 1st glance you can see it's a success story the country has generated massive growth in the last 20 years from 2000 to 2018 textiles. and 8 fold increase in less than 20 years in. one view i'd say why is bangladesh so strongly tied to exclude it takes time to feel in victims are many developing countries textile production is the gateway to industrialized nation the. there are fewer hurdles in terms of capital and labor as opposed to other industries like say the automotive industry has to be done to slip us so essentially sewing is easier to learn. or to learn easier to build up easier to develop of co

that's a much bigger deal than killing a lot of elderly people with the help of mckinsey.esterday one of those women spoke to cbs news. >> do you believe he was propositioning you? >> yes. >> for what? >> sex. >> so you think all this national attention may have emboldened him? >> absolutely. i think he felt like he was untouchable in a lot of ways. >> did you watch governor cuomo's apology? >> i did. it's not an apology. it's not an issue of my feelings. it's an issue of his actions. >> tucker: do you believe he was soliciting you for sex? who cares, compared to killing thousands of elderly people in nursing homes and wrecking the state. do you believe? the fake solemnity is repulsive. talk about missing the story every single time. tell us, do you understand what's going on with andrew cuomo? i think there are all kinds of very good reasons to believe that cuomo is one of the worst governors, along with whitmer in the united states. i have never done anything like that at work, come on, now. however is that really bigger than killing people in nursing homes? what is this

according to mckinsey fast. brands are looking to pull out of some manufacturing countries because of the crisis. bangladesh is being hit particularly hard left clothing bought in a country like germany means less work in bangladeshi factories. how dependent is bangladesh on textile exports massively textiles account for 84 percent of exports and 2018 that which is where this graph ends. as is the 1st glance you can see it's a success story the country has generated massive growth in the last 20 years from 2000 to 2018 textiles. and 8 fold increase in less than 20 years in the sponsor's jaan view why is bangladesh so strongly tied to exploit it takes time to feel in victims are many developing countries textile production is the gateway to industrialized nation the. there are fewer hurdles in terms of capital and labor as opposed to other industries like say the automotive industry has to be going to sleep about so essentially no sewing is easier to learn. or to learn easier to build up easier to develop of cour

anu madgavkar, partner at mckinsey global institute.st on anu madgavkar -- international women's day. this is bloomberg. ♪ annmarie: an hour from the start of european trading. this is "daybreak: europe." coming up this week, we will continue the conversation around international women's day. a host of interviews and on tuesday, the oecd publishes its interim outlook. manus: wednesday and thursday, central bank decisions. you've got the ecb delivering rate decisions. let's see what the ecb does. 10 central banks coming up over the next several weeks. read enda curran's op-ed. the european market open is up next. this is bloomberg. ♪ >> good morning and welcome to bloomberg markets: european open. longtime friend of the show, our markets live editing -- managing editor, joins me to take you through the market action. first, your headlines. the cash trade is less than an hour away and here are the top stories. higher treasury yields temper optimism.

rushing back works for the management consultancy mckinsey. he's an expert on the business of global fashion even he's never seen a slump like this. petition on stupid or longer we're seeing a massive increase in online trade was this if used but it's very difficult to get customers back into stores in a musket. as long as they have to wear masks socially distance and disinfect their hands when they enter a store the experience isn't as fun. and fashion shopping is not just about fulfilling a need it's also entertainment that factor is missing. we expect that 20 to 30 percent of businesses won't survive this crisis in their current form for mr bernstein. according to mckinsey fashion brands are looking to pull out of some manufacturing countries because of the crisis. bangladesh is being hit particularly hard less clothing bought in a country like germany means less work in bangladesh factories. how dependent these bangladesh textile exports massively textiles account for 84 percent of exports and 2018 that which is where this graph n.z. . as

back works for the management consultancy mckinsey. he's an expert on the business of global fashion even he's never seen a slump like this. petition unmistakeable longer we're seeing a massive increase in online trade as this is used but it's very difficult to get customers back into stores in the mosque are muslims on the up as long as they have to wear masks socially distance and disinfect their hands when they enter a store the experience isn't as fun. and fashion shopping is not just about fulfilling a need it's also entertainment that factor is missing. we expect that 20 to 30 percent of businesses won't survive this crisis in their current form for mr bush. according to mckinsey fashion brands are looking to pull out of some manufacturing countries because of the crisis. bangladesh is being hit particularly hard less clothing bought in a country like germany means less work in bangladeshi factories. how dependent is bangladesh on textile exports massive massively textiles account for 84 percent of exports and 2018 that which is

the consulting group, mckinsey and their report. most students are falling behind but students of color are faring worse. they are comparing historical scores on several age groups, reading and math, k through four, a fairly sharp fall off in those groups. how are those kids going to catch up? >> thank you for that question and acknowledging what we know to be true, there are students more deeply hurt by the impact of closing schools and going through this unwanted experiment we have gone through. the study pointed to clearly point out that some of our students, specifically those of color living in poverty are going to be six or 12 months behind in their learning. the strategy we are considering is ensuring we are expanding learning opportunities beyond what we have seen during the normal course of the school year. we are removing the stigma that summer is something that is only about remediation. it will be about the deceleration of learning. there will be a level of grace for our teachers. we need to ensure that we don't burden t

to get their take on the most pressing issues she has spoken to dane vivian hunt, senior part at mckinseynd company about the importance of women's participation in the economy and building an inclusive sustainable recovery post-covid-19. >> it's not about a day or a week it really is about how do we understand and support women's participation in our economy and society. and any of us know that is something that requires us to focus on it every day. it's 50% of the population, 39% of the economic work force and we simply know that the economy as well as individual firms can't grow unless we have appropriate, fully and competitively paid and the correct participation of women in the work force, so if we use international women's day as a reminder of how foundational women's participation in the economy is, then i think that's a very good thing. >> you have spoken about the role of stake holder capitalism in building an inclusive sustainable recovery tell me about that, and why you think it's so key now? >> well, two things came together for me personally one is the topic of inclusion of w

. >>> consulting firm mckinsey releasing a first of its kind study it on race in hollywood, identifyinghe entrenched racial inequities in the entertainment industry and the opportunity that could be unlocked if it addresses them. among the findings, mckinsey says black led products are consistently underfunded and under valued despite clear evidence of outperforming other property adding if hollywood chooses to address the racial inequities, it could increase the revenue by 7% or $10 billion. brian. >> those are some big numbers there, and you know, hey, if the economics are there as well, and it's the right thing to do, that's a double win. bertha coombs. >> and you get a variety of different stories, and you know, backing more women, backing more people of color in general look at the korean films that have done so well. >> what was the one, oh, we call it we ax brain, when you're getting up and you forget basic things like where your keys are or walking, the one that won the oscar. >> now i can't remember it either, it will come to ne. >> star wars, i got it bertha, thank you, see yo

plexaderm is what we're talking about with melinda mckinsey.y expert who has seen it all. and yet you are still amazed by this product. - [melinda] and i want to just jump right into the photos because all of these people have taken the plexaderm 10 minute challenge and it's so spectacular to see those before and after shots. there are so many places on our face where we have visible signs of aging now. in this picture, we can see her wrinkles are primarily under her eye. look how well plexaderm performs here. and as you see in this example here, she has had a little, a little issuetl bit oo her skin still looks like her skin, but for her, she feels better. and that's what makes me so happy about it. - well we are excited about this product because what it can do in just minutes is dramatic and amazing. men and women alike and also many different ethnicities. it doesn't matter what your tone or texture of your skin. if you have that sagging or bags under your eyes, wrinkles, plexaderm performs the same. - [melinda] let's just go right to our pa

consultancy mckinsey says women are almost twice as likely as men to lose their job due to cohabit from fewer women work in science despite girls outpacing boys in school. women and needed like never before as the kofa death toll continues to rise. well a crisis has wrecked relationships families and lives it's put back progress on many social fronts including women's rights we sent out our reporters to find out how some women around the world view covert 90. to be surely saturdays at. the march numinous league so we should front you put on the view to see most of what you know is honest do you think you could write to any of you for me you see me as he pushes them but i do so it was artistic where i don't think he molecules would suck would you do what i eat the musician is for a witness or do we know who is moving to my place and i must i knew about home a building there or not planned for. this time with and there with the abbey and though they said we feel he plays you know if he hung on for the latest to the. bass but i fear for myself it. may be tempered a forte my forte you have

the spotlight women misrepresented in many industries and the pandemics made that was consultancy mckinsey says women are almost twice as likely as men to lose their job due to code. good try if you will women work in science despite girls outpacing boys in school. women and needed like never before as the kofa death toll continues to rise. well a crisis has wrecked relationships families and lives it's put back progress on many social fronts including women's rights we sent out our reporters to find out how some women around the world view covert 90. s beauty surely said is that where the martian went to sleep so we should find you put on the view to see more of the widow is honest you think you have to go to a sunni are you for me you see me as he pushes them what they saw was that as it were the time to eat molecules would suck would you do what i eat the musician is this a do we know who is moving to moyer place ok and i must i knew about a home a building that are not transparent i missed them once and they would be and though they said we feel he plays you know if he hung on for the

spotlight women misrepresented in many industries and the pandemics made that worse consultancy mckinsey says women are almost twice as likely as men to lose their job due to coated far fewer women work in science despite girls outpacing boys in school. women and needed like never before as the cover death toll continues to rise. well a crisis has wrecked relationships families and lives it's put back progress on many social fronts including women's rights he sent out our report. to find out how some women around the world view 90. to be surely salaries that are in the margin honestly so we should find you put on the view to see models that we don't use on us do you think you could write to any of you for me you see me as he pushes them but it wasn't us to put them to be model to do what's up with you does what diets. do when you move into my new place and i must add new about a home a building that are not transparent. this time with and they're with me and though they said the feel of the place. hung on for the latest to the after taste toys from us i picked out of. the c.m. pay for th

the mckinsey report also says black and hispanic students are more likely to be learning remotely. to the average, 60% remote learning, 49% white, and 71% of hispanic students. why is that? caller: a really important point belt -- guest: a really important point that a lot of us is trying -- a lot of us are trying to understand. what i know from talking to my staff, it is oftentimes difficult to get over this barrier of trust, specifically our communities of color, who having lived in these neighborhoods and going to the schools, oftentimes these schools were built in the 1940's and have not been upgraded and have huge obligations for debt that needs to be paid for hvac and circulation systems. there is a deliberation that parents, especially in communities of color are going over whether they can keep their students safe. my speculation comes from conversations i've had with staff, that we need to ensure we are working and pulling down on building relationships with our parents, especially those who feel the need to ensure there is confidence in the school system and support for t

from a number of police officers who will talk about this duty to provide here officer in the cold mckinsey who is the minneapolis police department medical support coordinator you hear from sergeant care gain the m.p. the crisis intervention coordinator in your custody is in your care you're going to learn that when mr boyd was unconscious. that when he was breathless when he did not have a pulse that there was a duty to have administer care to let up and get out you will learn you listen to minneapolis police commander katie blackwell no relation to momma but you will hear from katie blackwell if she's going to tell you about the training that mr shaaban received. you are going to hear that he was a veteran on the minneapolis police department for 19 years have been trained in c.p.r. multiple times at the time. and you'll be able to see for yourself that when mr floyd was in distress mr shaaban with help and didn't help him. but you also got to see that he stopped anybody else but it will help you learn that amongst the bystanders was a 1st responder a member of the many employers fire de

so they brought in a person from mckinsey the first analytics officer which now a lot of companies aredoing to get into the data of how they hire who survives and thrives that these firms there was 30 elements of those that really survived and thrived. one of the things they noticed is it didn't matter where you went to school thinking we can only hire people in quantitative mad majors did not much. music majors matter a lot. and with that analysis and then to restructure that calendar. and those comments mentioned in certain big law firms recruit in certain places but what was interesting to broaden the number of places they did recruiting but who did the recruiting? those that graduated from the schools. so they found somebody who went to harvard would go into another school and named and then trust the applicant so they way to judge them harsher and they would never get over the bar to get in so it was the analytics piece but then the people peace when they went to do the interview that could not get in. i get my parents think about this but also when he of millions of college gradu

i started my career at mckinsey and then jumped onto the hedge fund bandwagon in 2005.i came to do my own investment startup. i have been building that out from a small to a less small asset manager and it has been a fun ride. >> they must have informed you by giving you overslept experience. >> it really makes you super adaptable. i think when you are an entrepreneur trying to build out a business, you can pray much go through anything. i grew up in pakistan in some parts. i they could builds out a lot of that. there is a lot of resilience. i keep crediting my father for the amazing background because it teaches you so much. the thing that it teaches you is to constantly move forward. that is so important in the markets profession because markets change. >> looking -- living in all of those different countries would have informed you about female emancipation, inequality and things like that. >> i think women have a tough and pre-much any part of the world. in some ways, i think african society -- i have been a working woman on wall street and is not easy there. whethe

concern about this illness it will get credit for the economic recovery to talk and play into he said mckinsey popular debate in washington and push that worldview. inflation has been a very partisan talking point that has been the republican point the last few weeks at least. lisa: what is getting traction with the public? higher deficits? i reflation? -- higher inflation or pork? which will have the sticking power? >> none yet. according to every poll, this is still a very popular bill outside of washington. the pork issue may be more of an issue because they are about to start earmarks on this infrastructure bill coming up and not regular spending bill. there will be plenty republican talking points going forward. we will see republicans participate. the inflation talking point has not caught on and you see polls showing a close to majority of republicans supporting the bill. at least in the popular conversations around the country, it is a battle that republicans have not one yet. jonathan: republicans can control the timing. the governors can reopen early and we have seen that in places l

spotlight women misrepresented in many industries and the pandemics made that worse consultancy mckinsey says women are almost twice as likely as men to lose their job due to convert from fewer women work in science despite girls outpacing boys in school. women and needed like never before as the cover death toll continues to rise. well a crisis has wrecked relationships families and lives it's put back progress on many social fronts including women's rights we sent out our reporters to find out how some women around the world view covert 90. beautician they said. is that. the margin honestly so we should try to keep you going to be to see models that we don't use on us do you think you could i do any of you for me do you see me as he pushes them but it just wasn't as it would put them to be modeled to woodstock would you does but i mean you station is this a do when you're always moving to my place and i must add new about i hope. that they never are not transparent. this time with and they're with me and though they said the feel of the place you are feeling on for the latest to the. b

it is something mckinsey and company thought of, it grotesque.o solving of national crisis, they are as usual making it much worse. the message the biden administration has sent to el salvador and the countries around it could not be clear. the border is gone, we have a raised it, come join us. the people in the region have heard that message. >> they don't have a plan at the moment to get this under control and you know the white house is dispatching officials to the border to feed the situation firsthand, families with young children, they do feel like this is a moment where they can get into the united states. they do feel like there will be a more receptive policy from the biden administration. this is the challenge that the white house have. if they don't think their policy is a open invitation they have to signal that more clearly because that is obviously not the way it is being interpreted. >> tucker: so if the question is, is the biden administration encouraging the crisis at the border, hhhmmmm, let's see, there are honduran migrants on

among children, kid suffering depression, poor and minority kids are going to lose according to mckinseylearning problems. these are the prices of the lockdown. at some point we will look back and say who did it right and it didn't. shannon: governor desantis has plenty of critics but seems to enjoy taking them head on. thank you both. next from texas, word of a tragedy amid a surge of illegal immigrants, details next. also destroyed the lives of thousands of jewish survivors still suffering today. god calls on people who believe in him to act on his word. "comfort ye, comfort my people." when i come here and i sit with lilia i realize what she needs right now is food. these elderly jews are weak and they're sick. they're living on $2 a day this now, is how god's children are living. take this time to send a survival food box to these forgotten jews. the international fellowship of christians and jews urgently need your gift of $25 now to help provide one survival food box with all of the essentials they critically need for their diet for one month. your special holiday gift will provide

poor and minority kids are losing, they are going to lose according to mckinsey up to $84,000 in lifetimearable learning losses. these are the process of the lockdown. you're right, i think we are going to look back and say who did it right and who didn't? >> shannon: governor desantis has plenty of critics but he seems to enjoy taking them head-on. like another famous g.o.p. guy that's been around the last few years. christian and marc, thank you. we are getting word of a tragedy and the surge of illegal immigrants in texas next. it's totally normal to have constipation with belly pain, straining, and bloating, again and again. no way. more exercise. more water. and more fiber is the only way to manage it. is it? maybe you think... it's occasional constipation. maybe it's not. it could be a chronic medical condition called ibs-c, and time to say yesss! to linzess. linzess works differently than laxatives. it helps relieve belly pain and lets you have more frequent and complete bowel movements. do not give linzess to children less than six and it should not be given to children six to les

would go on and work for a hedge fund or do something different so they brought in a person from mckinsey around analytics, they hired their first cheap analytics officer which many companies are doing to get into the data of how they hired and who survives and thrives at these firms and as i described in the last book there were like 30 elements of the people that had swifts who really survived and thrived and one of the things they noted was that it didn't actually matter where you went to school. as much as they thought. gpadidn't matter as much as they thought . they thought well, we only hire people in quantitative majors. leadership didn't matter as much as they thought especially if it was elective area if it was earned leadership that matter a lot, music majors matter a lot. there's a lot of things they wouldn't tell me on how they did that and analysis but one of the things they did is they pre-structure their college recruiting calendar and where they recruited so somebody in the comments mentioned. wall street, certain big law firms would only recruit certain places. what was i

mckinsey is accused of propelling the epidemic by advising oxycontin maker produced pharma on how toles. nevada declined to take part in a multi state agreement with california and dozens of other states earlier this year. and its settlement is more than three times larger than the average settlement with the other states. the supreme court has agreed to hear an appeal to reinstate the death penalty for the boston marathon bomber. 27 year old joke are sir nev. was convicted in the deadly boston marathon attack. he received the death sentence in 2015, but the u. s court of appeals throughout that sentence last year, his case won't be heard until the fall. in minneapolis, jury selection is nearly complete in the trial of derek shaman and a former officer charged in george floyd's death. 1/14 juror was seated today as the second of three alternates needed ahead of next week's opening statements. reporter matt finn has the latest from minneapolis. opening statements are one week away in the trial of derrick show, vin, the former minneapolis police officer accused of killing george floyd

will ask for consent to submit to the record a report from the energy research and consulting firm mckinsey and other related articles. they describe the recent blackouts in texas were caused by failures across the entire energy system, natural gas and coal included, due to the lack of weatherization, lack of energy reserves, and the inability to draw on resources from the rest of the national grid. with that done, i think senator whitehouse is going to be recognized, thanks to the generosity of senator caputo. after her, senator padilla, senator ricker, and senator sohn . senator whitehouse, you are on by webex. >> good to be with you. thank you, ranking member capital, for letting me jump in here. to the last comment by senator cramer, i think carbon capture has a very important role in our climate solutions and ranking member capital, we have worked very well together on carbon capture solutions and are working right now to expand direct air capture credit, to help expand innovation into that space so it doesn't have to be so geographically limited. there's is probably not a lot in energ

as noted in a report by mckinsey and company, the misguided fears shutter businesses and many districts before the lockdowns began nationwide. others started talking about this issue in late january [inaudible] during that time when we saw this happening and in a state that said we need to go there before the lockdown. as demonstrated by the study by the community partner there've been record job losses and in new york there was a 6000% increase the unemployment benefit application for february through june of 2020. asian americans suffered the large decrease from 3% in february, 2022 over 25%. now asian american racism is rooted in that of the perpetual foreigner and the model. it suggests that we can be here and we can be born here and live here as long as we want but we are still foreigners and seen as the other, not to be trusted and to be feared. on the flipside is the so-called to suggest asian americans are held up as a people when it's convenient. and here i will call out people that use affirmative action to drive between asian americans and other communities of color. that is

i think we've heard from i called people to why this is a benefit to our companies because the mckinsey published studies, we know that this really is a benefit to the companies long-term, including when it comes to the profits when they are actually really engaged in diversity, occlusion and equity somewhat to make sure you know that. of my colleagues support what nasdaq is doing in this space a please do with that. mr. chopra, know i don't have much time i thank you all so for your willingness to serve. we've talked about this. i'm a strong advocate restitution for harm consumers, that will ensure we provide relief to people who were overcharged or misled the we should discourage bad actors from continuing that deceptive practice in the future. i have made it very clear i was concerned by cfpb's enforcement actions under the previous administration which failed to provide restitution for consumers. could you elaborate on your views on providing restitution for people who really were dealt with unfair deceptive and abusive practices? >> senator, with the victims of fraud and misconduct