henri's latest designs in a lavishly produced film it's a collaboration with battalion star director mike taylor groaning you might think that without the shows every label is on the same level but some make and. others produce short films in the style of stanley kubrick summer clothes others experimental and some cost as much as a movie. 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. distress 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 julie in $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 replaceable. about movement about the luminous reflection of the light and a woman moving a

secretary of state's mike and taylor has arrived in the u.k. their 1st stop of his 2 day trip to europe is due to meet with u.k. prime minister forrest johnson to discuss u.s. and u.k. trade and political developments in hong kong. face masks on now compulsory in all of france us enclosed public spaces following a series of new coronavirus outbreaks face coverings were already required on public transport and some establishments france brought down infection after 2 months locks on bottle which is fear of resurgent $76.00 anniversary oftentimes assessment has been commemorated with the swearing in of new services in berlin german defense minister on if they attended the event to pay tribute to the conspirators behind the 944 briefcase bomb plots. you're watching news see as a reminder of our top story this hour leaders strike a deal on a multi-billion euro gronau recovery plan commission has underlined says the agreement gives europe as a whole a chance to emerge from the crisis stronger. you're watching news live from berlin 4 news always on o

host: that is mike taylor from michigan. thank you for all who participated. the house will come in at 9:00 for speeches and to conduct morning business. in the next hour we will hear from two legislators joining us, len thompson of pennsylvania will talk about the next relief bill and things he would like to see or not see in that package. and then later on, earl blumenauer who represents portland and parts of portland will talk about the federal response to antiracism protests in the city. first we want to show you a little bit from the house natural resources subcommittee hearing featuring the reverend robert ely, a descendent of the i sorry, helee -- is w lee, who had this to say about robert e lee. >> -- [video clip] >> i am not the first robert lee to testify, one did in 1866. it is another person who bears a first and surname identical to mine whose lineage i bear as a nephew of confederate general robert e. lee. i have been clear that i dare not speak for my family or the general himself, as some still revere him and see no reason for this hearing toda

taylor: that was mike nova ogratz.till ahead, joe biden launched his plan on thursday to revive the u.s. economy with a promise to build back what existed before the coronavirus pandemic. bloomberg caught up with the key advisor to the biden campaign. that conversation is next. this is bloomberg. ♪ taylor: joe biden rolling out the first part of an economic plan in pennsylvania yesterday. one advisor to the presumptive democratic nominee is penny pritzker, the former commerce secretary under president obama. kevin cirilli spoke earlier with her. penny: the vice president put out a plan that i think is one that will help create greater certainty in america which is really important. key components to the plan are first of all investing in infrastructure procurement and r&d. $400 billion for infrastructure and procurement. invest inillion to very important areas of our ndp sectors of the economy that we as a country need to lead in. clean energy, batteries, ai, 5g. investmentslargest in this area since world war ii. kevi

mike. >>> happening now for you, taylor swift is pulling a beyon beyonce. the singer is expected to release a surprise album at midnight. no surprise now. but look she just made that announcement this morning and the album is called. before the pandemic she would have actually overthought when to release that album and now she realizes nothing is guaranteed. >>> coming up next, a quick look at the top stories we're following for you on "today in the bay." we're live in alameda. people are lined up for a quick covid-19 test, but it might not happen. we'll explain, next. >>> 6:57. welcome back. here's a look at the top stories we're following for you this morning. >> the latest weekly jobless numbers are out. 1.4 million americans filed first-time claims. this is higher than expected. also the first increase since march when the first claims hit the high mark there. 16 million americans filed for ongoing benefits. live look at the bill board where you can see the dow responding to those numbers. down 56 points. >>> for those trying to make it in the bay, trav

taylor: it does kind of make sense. gran is outdated. mikenking that it's a little confusing. most things out there are grand, especially nowadays and how you spell things. you're searching things on google, your instagram and things like that. lemonis: gran prix sounds a little like... matisun: that's true. it's more formal. lemonis: it sounds wine and cheese versus beer and brat. mike: yeah. we really are looking for an overall theme. this whole thing isn't really about just nail-- it's just giving you an idea of, like, elevating. let's go bigger. lemonis: if you don't evolve, you're not gonna attract new customers, and you're not gonna keep employees happy. and i also want you to think about, what do we have to get out of every customer now? jerry: another dollar. lemonis: another dollar, so all this artwork can also translate onto memorabilia, souvenirs, gift bags. this to me is a $250,000-a-year category. matisun: wow. lemonis: minimum. if 36,000 people a year come through these doors, if they can get one out of four people, 9,000 people

. >>> mike tyson will fight roy jones junior in september. >>> taylor swift is helping you shake offhe quarantine blues. swift is shocking fans after she dropped a surprise album. ♪ >>> and all that matters. >> fox sports is announcing plans to put computer generated fans in the stands during the mlb broadcast. the attention to detail is amazing. virtual dads who insist on leaving in the seventh inning to beat traffic. >> on "cbs this morning." >> that ball is high. it is far. it is gone! >> baseball is back. for a season like we have never seen before. no fans in the crowd. and a scientist turned celebrity throwing out the first pitch. dr. fauci. oh! that's another curve he's got to flatten. >> the man has been so busy. that is not something he's probably had time to practice. >> i'm speechless, carl. i'm speechless. >>> this morning's "eye opener" is presented by toyota. >> welcome to "cbs this morning." leave dr. fauci alone. baseball right there is not his forte. back in the day, he was good. he was a good ball player. >> i'm sure he was. we don't want him to quit his day job any

taylor loves. early morning earthquake grabs attention in los angeles live we made usaa insurance for veterans like liz and mike. an army family who is always at the ready. so when they got a little surprise... two!? ...they didn't panic. they got a bigger car for their soon-to-be-bigger family. after shopping around for insurance, they called usaa - who helped find the right coverage for them and even some much-needed savings. that was the easy part. usaa insurance is made the way liz and mike need it- easy. >>and southern california 4.2 earthquake rattled parts of los angeles early this morning. it may be considered a quote garden variety earthquake, but it definitely got people's attention tina patel has the story. >>earthquake. >>a man has a previous a size one that was mister bombs reaction when he fell to 4.2 earthquake as he was live streaming in hollywood just before 4.30 this morning. he was already up but home security videos caught the joe waking up several dogs one in studio city. another in highland park. they were the only one shaken out of their slumber there was an aftershock right after that it

taylor: we will look for those ads on the sides of the roads. thank you. mortgage backed securities were to blame in the 2008 market collapse at this time they represent value. mikexclusively discussed with us the valerie in buying nonagency mortgages and why he is willing to take the risk. on the 22nd of march, on that sunday, we saw a lot of reits that could not reach margin calls. things develop quickly into a cash grab. there was a lot of indiscriminate selling. unlike 2008, mortgages were not a part of the problem, nor would selling them be a solution. this was a classic case of the baby being thrown out with the bathwater. since then, we put $3 billion to work at mortgage securities since that third week of march. there is a lot of dispersion of value in the market, and that is where you need expertise and alternative data sources and things like that, but there is a tremendous amount of value. the fed has been aggressively buying. so if you look previous two other quantitative easings, they have increased mortgage holdings by over 500 billion. the fed owns about 30% of the $6.7 trillion agency mbs market. tremendous support to this market. ,ven compared to

taylor: huge dual things between shanghai and hong kong. caroline: one to watch. 12 also watches what is coming up next. david rubenstein and none other than mikens up next. this is bloomberg. ♪ caroline: leadership live starts with the david rubenstein, and this time it is mike evans him.ng how the chinese e-commerce company is navigating covid-19 and the rising u.s. china tension. take a listen. david: michael evans, the president of alibaba. welcome, michael. michael: thank you, david, nice to be with you. david: where are you coming from? michael: you are getting me in canada where my -- where i have spent a couple of time -- spent a lot of time. david: i should disclose that people who don't know michael well that michael is a canadian, but he also is beyond being a business executive, he was an olympic athlete who won a gold medal in the 1984 olympics. what was that like to win a gold medal? michael: well, the thrill of victory, for sure. it also, very emotional experience. and full disclosure, i did it with my twin brother in the boat well. that was a particularly unusual and unique moment in our relationship and for our family. david: s

mike said, i think i can hear somebody inside. i think they're coming to the door. we didn't hear anything else. we kept banging and announcing. >> this was a different account than what kenny walker breonna taylor's boyfriend says, isn't it? >> absolutely, don. and when you listen to both of these recorded statements from sergeant mattingly and then kenny walker, what it tells you is this was a conspiracy from day one to cover up the murder of breonna taylor by the louisville police. i mean, it is so one-sided when you listen to these two interviews. kenny walker right after the tragedy happened, without the presence of a lawyer, they coerce him into waiving his miranda rights and he talks to them. and then they betray him six days later in front of the grand jury and use what he said to get him indicted for attempted murder, where he can spend the rest of his life in jail. >> let's listen to some of what he said. here it is. >> i'm scared. i've never been that close to somebody shooting a gun, unless it's in a controlled environment such as at the range of something, so i'm freaking out. i can't register anything that's going on, so -- >> so you just fired off one? >> yeah, just one. it was just

mike, let's wait and see. thank you. time for a look at the weather. we area time for a look at the weather. we are a few minutes later than usual but matt taylor are well as well. sunshine across parts of the country today but a wet start in northern england, particularly yorkshire. that rain is continuing. it will ease off as we go through the day. some showers south of it and some isolated showers in scotland and northern ireland that many here will stay dry. county down, parts of the grampians and shetland is most prone to some shells. we could see thunderstorms break out this afternoon in the midlands, east anglia and the south—east, sunshine in between. a cool day where you have the cloud and rain across northern england and fairly cool to eastern scotland but a bit of sunshine, temperatures in the high teens. 21 in the south—east. showers when we do get them will fade away as we go through this evening and into the first part of the night but as we finished and i are going to the modern, persistent rain spreading from northern ireland to western scotland. across western areas in particular, quite a bit of rain to come. more details on th

shares of taylor morrison posted record sales we'll speak to the ceo about what's driving the strength in the housing mark up a third of the percent. let's start focusing on the big stories. mike santoli tracking the markets, meg tirrell with the rising case count and courtney watching flags in the retail sector mike, let's kick things off with you. >> market idling right here, holding above the flat line for the moment it seems like stealth pullback consolidation we've had last few weeks, s&p 500, talking about a summer trading range this is what we had last summer. it looked like that on a narrow basis. scares in both directions. we're not there in terms of prolonged sideways action. this is something we could keep in mind. i did mention yesterday, similarity, strong payrolls rally follow upside, tuesday wednesday down small that thursday was the big 5 or 6% down day, that air pocket we got in the s&p 500 now that we mentioned it, it probably won't happen but so far actually matching what's gone on today, this week right now we're not having big bets on the reopening which is a big difference it is all tech something interesting, 50-day moving average it's about cross above