the moody's downgrade is something we will be watching out for. deterioration for india is why they led to that downgrade. let's see what we are looking at in the broader outlook as well. at thisoing to look market. we take a look at what has been going on. there you go. up 0.4%. we are watching some individual stocks here. the bank sector as well as the nifty 100. what we are watching out for is indigo, set to come out with earnings a little bit later on. talk a little bit more about airlines as well and of course the turbulence we have been seeing. the billionaire banker is going stakeselling his 2.83% after a long run with the reserve bank over his excess personal holdings. also looking at suzuki, the ofmaker, reporting carmakers. the company saying that domestic -- last month, down close to 80%. certainly, something to watch. more about these cash markets now. the solid rally during the monday session. let's get more with our asia credit reporter. thendia's market, worst-performing globally, tell us why. >> india has -- more shareholder wealth

here is moody's investor services warning for coastal communities is the issue bond i quote moody's the growing effective climate change includingec priming, with temperatures and rising sea levels forecast avid increasing economic impact on state and local issuers. this should be a glowing negative credit factor for issuers without sufficient adaptation and mitigation strategies. going to ask my colleagues if you are amu small community, on the coast where are you going to go to get sufficient adaptation and mitigation strategies for moody's? where are we to help those communities. says the union of concerned scientists i quote by the end of the 21st century, nearly 2.5 million residential and commercial properties collectively valued today at $1.07 trillion we will be at risk of chronic flooding". chronic flooding? makes thosech property on insurable and un- mortgage suitable. she was one of the word freddie. >> 's warning about a coastal property value crash. but his listening? not the land and water conservation fund. our coastal public land and resources coastal private property fa

mark zandi has led the charge at moody analytics for years.is out of the factory known as the university of pennsylvania. prescientn incredibly .ook what is the price chairman powell is going to pay? down the road, there's got to be a price to pay. what is it? price,here is probably a but i think he has no choice but to go down the path that he's on . the economy is flat on its back. the risks are very high. but it don't think there is any choice to be -- any choice but to be aggressive here. tom: i totally agree with your analysis, but there's got to be a price to the expansion of what we've got. you are at moody's, where you are linking economics into credit rating, etc. what is the price to pay of this multitrillion dollar expansion? mark: two things. prices,uice up asset markets, equity prices, credit spreads, real estate values. that ultimately may be a problem down the road, if markets get overvalued and particularly turned speculative. that is something central banks in the fed are always watching out for, so that is a possibility. the

better to give us the analysis on all the latest thing kate moody obscenity who is standing by. thank you very much for being with us tonight is floyd challenged congress this wednesday to stop the pain. as lawmakers consider a sweeping law enforcement overholt. says brother george will be these were his words just another name. the grandest of those killed during interactions with police. floyd's appeaearance before houe hearing came a day after funeral services for his brbrother. george but the fortyy six yeyear old a man whose death has become a worldwide symbol. in demonstrations of the calls for change to police practices and an end to racial crap yes. automate the twenty fifth doctor please help us and knelt on his back. nine minutes in a minute this. eight ruskin. hey is floyd told the silent room just because he didn't like enough is enough. the people marching in the streets i tell you enough is enough by the leaders that our country the world needs the right thing. the people who elected you to speak with him to make posititie change. if you delve. end up changing the

all business and it's- kate moody will be here to tell us more. hello and a very warm welcome back to the fronts twenty four newsroom i'm thomas waterhouse. the french president says we shouldn't be too hasty when itt comes to drawing nationanal conclusions from sunday's local elections they manual mccollum's republic on the move party fails to secure any. major municipality in that delayed second round ballots with city holes in the likes of leon but we'll do and strasbourg old turning green should he step on how small. municipal elections are often a chance for voters to voice their discontent with presidents. although turnout was historically low at about 40% voters who did castor ballots on sunday sent a clear message to. maccoll whose centrist party was badly defeated while the greens one major battles across the country in legal must say strasbourg bordeaux. the only bright spot for my call itt while phililippe was selected in ththe nortrnrn port of low level the prime minister who could leave office in case of a major government reshuffle a

he's not the only one, moody's yesterday, the economic forecasting firm moody's published an analysis that hey lites the need for the hero's act. quote, without additional help from congress and the administration prospects for a double digit unemployment throughout the end of next year and even this assumes nothing else goes wrong like a serious second wave of the virus, how well the economy does in the next several years depends on what lawmakers decide to do in the next few weeks. in the next few weeks we are hoping that as you have seen, never, not doing another bill, to well maybe, but not so big, maybe not so soon and you see they're having their own internal debate about the size and scope and timing of what happens next. but we must honor our state and local governments. speakers.gov/heros act to see what it means to you and our community. and direct payments. they have -- it has been said by economists including secretary -- chairman powell that improvement that was viewed in the may employment numbers was largely because of the unemployment insurance and the direct payments.

applaud this meeting and we're glad to be here,, because there's no doubt in anybody's mind, as general moody already said, that there's room for improvement. and we know that. and we're happy to be at theth table, and we're happy to welcome that input and do whatkn we can to be better, better police in this country, better police for our citizens and our communities. and we're happy to be a part of this conversation, and that's why we're here. so, thank you. >> great job, rob. >> i very much appreciate it. >> thank you, rob. great job. >> thank you. >> we've known each other a long time now. really good. jared? please. >> thank you, mr. president. and thank you all for joining. we've really, over the last three and a half years, have had the opportunity to grow very close with law enforcement. we worked very closely together to bring forward to this country criminal justice reform.e the law enforcement community heard the cries from thee community, saw the injustices in the system that needed to be fixed, and they responded by coming together to fix it. and it's been a great partnership to d

new studies from moody's and brookings confirm that half or more of those who lost their job would still be employed had donald trump had a competent response like germany and south korea and other countries did. when he should have. we know why this happened. donald trump was more focused on the stock wealth of the biggest corporations than he was on the well-being of the american people. that's why he and his top economic advisers were telling people, i stocks, and set buy stocks, instead of preparing our nation to brace for this pandemic. after 110,000 american deaths, more than 20 million people out of work, the consequences are clear. we are facing devastating unemployment and a historic health crisis. a continuing crisis of violence and indignity, that has devastated black americans, many latinos, we are losing the soul of this country. some of the sternest challenges our nation has ever faced, and donald trump is patting himself on the back. he has no idea, in my view, what is really going on in this country. he has no idea be depth of the pain that so many people are still enduri

moody only here we are again it sounds like the same old story in this league was a walk in the park for buying this season not at all in fact back in november by and munich were in crisis they'd had a poor start to the season culminating in a 51 hammering from frankfurt after which the coach at the time knew just had to go he was replaced by hand the flick a man who had no experience as a head coach in the bundesliga and at that point a lot of teams were smelling blood a lot of teams thought this is our year to wrestle the title off of bye and munich but after a shaky start to flex rein they put together an incredible run of form 17 wins in their last 18 games something just nobody can put up with a turn on the consider. didn't see as well as the style and i think after the win over dortmund a few weeks back it was clear that the title was going to be staying in munich for another year at least so an incredible run after a shaky start as you say who were the key feature is in triumph for you absolutely have to look at robert love and the striker 31 goals he's now scored this season

cited by moody's lookr: we want to take a at the volatility caroline was talking about.e a look at the chart. it is a rebalancing and reconstitution of these indexes. the last time you had the quadruple ridging day -- quadruple witching day was 2007. goldman sachs was looking at $1 trillion worth of options that would expire, making it the third-largest non-december expiration ever. this is a day when options and futures on indexes and equities are set to expire. i want to bring in julian managing director and chief equity strategist. you said during the break was a sloppy close. how was volatility on this big day? julian: we saw trading volumes we expected, but if you look at it, the real volatility was in prior weeks. downd get to a close about -- down about .5% or so, but the market for us is in the middle of a range that carved out at last week's highs, and the near panic load you so monday when he before the fed stepped in. buthere is a lot of noise, the one difference we have this afternoon that we didn't have before is that public confidence , and the public has b

moody's changed their outlook for higher education, noting that regional public and private colleges could face significantly intensified financial challenges. in virginia one such institution, sweetbriar college said the impact is likely to be $10 million, v.c.u. said it is likely to be $50 million in the next fiscal year. this is why we acted together as congress to provide cares act funding that could be used for revenue losses experienced by colleges. we didn't specifically exclude using these dollars for revenue losses as we did in the state and local government aid. we allowed such a use as we did with the p.p.e. program and the aid to hospitals. but the department of education is using a very narrow interpretation of the law and refusing to allow colleges to use money for revenue losses. now on to the student side of the equation, 50% of the money was to be used for student aid. and this is even more concerning. the unauthorized guidance that the d.o.e. has issued outlines that the financial aid for students can only be provided for students who qualify for aid under the highe

analysts say could takake years to fully recover all b business edititor kate moody joins us now a kate what more do we know about abbas's restructuring plans well this was largely expected but the numbers still seem staggering it's about eleven percent. of airbus's's global work force- concentrated in the commerciall aviation sector most of these fifteen thousand job cuts will come in europe about two thirds of them between france and germany including g around ninine hundrd that it's already been announced in germany. at one thousand six hundred in the u. k. around nine hundred job cuts expected in spain one thoususand three huhundred inin other paraf the world in a statement the c. give cover said. the end spacece its- ever. he said that air traffic might not recover until as late as twenty. five and this was being forced to take these measures in order to stay afloat he previously said the- and a breeze well i the operon. b. percent next to years. was at the front ministry has described these drop as x. and urged airbus to it of the state sponsored a probe and that fifteen. your res

. >> i understand people are a little cranky and like very moody.hey want to get out of the house, but i still think it is best for everyone to still keep their distance. >> it is basically six feet from one person to the other in terms of seating, i think it would be safe. >>> san francisco public works apologizing tonight for covering up a black lives matter mural paint and a giant boulder. supporters spent the day painting the message on the rock. the first one was painted last week but the next day it was covered with brown painted a then the artist painted again, only to have it covered again. she was out there today painting it she hopes one final time. >> we're committed to repainting the rock as long as it is having a greater impact. our goal is to bring attention to the greater cause and to have people start taking action within their own lives to uplift communities of color to help protect black lives. >> san francisco public works say, quote, the painting out of the mural was a mistake to be clear, it was not done in an atempt to silence

and daniel moody, the host of woke af daily and the podcast democracyish. good to have you all with us. marlon, let me start with you. based on the news we just heard, first i hope you were listening along with us. if so, was there anything that stood out to you? >> the fact that they immediately said there was no field sobriety test. that was one thing that came up during this afternoon's georgia bureau of investigation's press conference. i found it interesting that that would come up during the conversation this evening. >> with regards to the chief, marlon, the georgia naacp called for mayor bottoms to relieve chief shields of her duty. can you give us her back story, what her relationship had been with the city of atlanta, with residents, and her reputation within the department? >> sure. this is somebody who built her way through the ranks, started off as a beat cop. you know, endeared herself to the communities that she covered and was well-known and had a great reputation with the leadership here, the community leadership. and i think there is lot o

moody's, the economic forecasting firm, published an analysis that highlights the need for the heroes act. "without additional help from congress and the administration, prospects for double-digit unemployment through the end of next year, and this assumes nothing goes wrong like a serious second wave of the virus. how well the economy does the next several years depends critically on what lawmakers decide to do in the next few weeks. and in the next few weeks, we are not doing another bill, may be but not so big, maybe but not so soon -- they are having their own internal abate about the -- internal debate about the size and scope of timing of what happens next. we must honor our heroes, our state and local governments. see what it means to you and your community. open our economy. testing, tracing, treating, and isolation, and direct payment. it has been said by economists, including chairman powell, that improvement that was viewed in the employment numbers was largely because of the unemployment insurance and the direct payments. we must do that again. we want our voting by mail m

guy reston scheller and pete staller.ks also to florida attorney general ashley moody . the president of the fraternal order of police. president of the international association of chiefs of police stephen and many other law-enforcement leaders who will be joining me at the signing. today is about pursuing common sense and fighting, fighting for a cause like we seldom get the chance to fight for. we have to find common ground. but i strongly oppose the radical and dangerous efforts to dismantle our police departments. especially now when we've achieved thelowest recorded crime ratesin recent history . americans know the truth , without police there is chaos. without law there is anarchy and without safety there is catastrophe. we need leaders at every level of government who have the moral clarity to state these obvious facts. americans believe we must support the brave men and women in blue who police our streets and keep us safe. americans also believe we must of improve accountability, increase transparency and invest more resources in police training, recruiting and

. >> i understand people are a little cranky and like very moody. they want to get out of their house, but i still think it is best for everyone to just still keep their distance. >> reporter: in woodland hills, tina patel, cbs news. >>> with parts of the economy reopening, google maps work fog help people navigate the outside world more safely. the apple added coronavirus travel information like how crowded a train station may be. the app uses data from user whose have opted in to google location history. the setting is off by default. >>> all right, sports fans. the san jose earthquakes back on the field for training today after getting the okay from santa clara county. major league soccer has been on hold for the past three months, of course, because of the pandemic. the quakes, the last of 26 teams to get back to work. >>> and olympic hopeful in argentina is not letting the pandemic derail his training. the 28-year-old sebastian rossi is paddling. that is his girlfriend's swimming pool. he straps the canoe to a pair of palm trees and he says it

k. moody thank you as aa very much in. next eighteen million people that's one person of the will populate on our- the new high you are report supply of people out the home. conflicts such that in so and the breast and then. are to blame sasays the u. n. f for vat of this despite. seventeen in thee men p people but whatt sple loss yeah a figure which means that in twenty. over 1% of humana with warm. the high snow on since the u. n.'s high commissioner for refugees began gathering data seventy eight ago. this is. being goes on since two and- the figures are higher than the yeyear before. e which means that- there's been more conflict there's been more violence that has pushed people away from their homes. many displaced people had a poor but the majority lead to another part of totown and country the displays are also disproportionately large. children with in five as to be under eighteen. over they end up in some of the poorest least developed parts of the world my health infrastructure is cool and the risk. is high a par

we're seeing deep, painful cuts across the board and moody's said that state budget shortfalls will top 500 billion over the next three years. now, i've heard some in this body argue that if we just reopen our economy, that we would negate the need for congress to act. that's been proven a fallaciment covid-19 cases have been spiking across the country, especially in the states quick to reopen. we're seeing daily records being set in places like arizona, florida, georgia and texas, forcing some areas to tighten their restrictions. yet, in my home state of new jersey, which was second only to new york in the number of covid cases, we've not just flattened the curve, our inflection rates are dropping. as we methodically and responsibly reopen, there's no doubt that the emergency protection measures that we took in new jersey helped stop the spread of covid-19 and saved lives. that progress has come with tremendous economic pain and personal sacrifice that no state and community will be able to escape. so, mr. president, we can't allow ourselves to be handcuffed to partisan ideology. this

and because arnold is such an easy going guy and not at all moody is that we decided to take him into complete cuts of business often if. not involved with master all you know of to me. and i'm not that vision of the show via. the polish border remains shut amid the pandemic are not gleiser can have any german friends over for his birthday party still he loves being in poland. draw water from israel. it's lovely here one of biden. could never leave things to it good all the glory i'm living the good life oh. what a heartwarming notes to close on with all the doom and gloom in the world right now we were. many more happy years the calm and maybe you'll be able to celebrate with friends and family next year our battle we've come to the end up today's show i'll be back next week with the news stories from across europe thank you so much for watching and goodbye the as. well as . um. if. the fuel. pump. africa. measure during the corona crisis. in the one is expensive 'd and this in term virtually unattainable. 'd 'd my young businesswoman has decided to improvise. in her distillery she p

meant to be here, because here,re glad to be because there is no doubt in anybody's mind, as general moody already said, that there is room for improvement, and we know that. we are happy to be at the table and happy to welcome that input and do what we can to be better, better police in this country, better police for our citizens and our communities, and we are happy to be part of this conversation, and that is why we are here. very much appreciate it. pres. trump: we've known each other a long time now. really good. jared, please. >> we had the opportunity to grow close with law enforcement. we've worked closely to bring criminal justice reform. the law enforcement community heard the cries from the community and saw the injustices in the system that need to be fixed and responded by coming together to fix it. it's been a great partnership to do that. these reforms make our communities safer and our system fairer and that's what we've been able to accomplish by working together. what we seen in the past is that it doesn't just result in reports, or talking points that result in progress

it was charles moody if only you call it. so we've had a long history of 'd race relations and discrimination in britain but the poorest in ration came postpones 48 a minute people lay the foundations of the not you know common core in fall in the 1st. let's question round okene want 5 and 168 there was a color. the very similar to what was up. with the plate and. the name chins and a. place mirka but we had the look of. racing. in 2020. it's not. on race. but it's more about. now in brussels. can i just ask you what are we talking about when we are talking about race in 2020 . that's a very short and simple question and when talking about everything that our colleagues have mentioned before i mean we're talking about police brutality obviously this is what a lot of protests have been about but we're also talking about structural forms of racism and systemic forms of racism which means that across europe we're seeing people people of color and black europeans being more likely to be to be stopped and searched and we're also s

industry showed signs of bouncing back that the recovery shouldld happenore quickly abbas said kate moody is standing by she now joins us live cake good evening. brutal man made those comments as new data shows that half a million french people lost their jobs in the first three months of the year in spite of significant support from the government. the government spent billions of euros on it state sponsnsored f furlough program to avoid those sorts of large scale layoffs despite that though- the national statistics agency insight. report foreign five hundred and two thousandnd jobs werere cut m the private sector between january and m march most of them were short time contractss w wee not renewed. at the government expects that figure climbs to twenty eight hundred thousand and a million in the second quarter that's this current quarter. the ecoconomy meanwhile is on track to shrink tototal 1% in two twenty twenty several america's that both of the labor market and the broader economy we'll be able to recover as early. as twenty twenty one. he says that ononly. it is. there thahat was

how business advocate moody is standing by to join us with more cake into you what do we know about the travel order. market seems to be another *-*- for tat battle between the world's two largest economies in march is global air traffic ground to a halt. china's aviatition regulator long now it's limits on passenger flights for both domestic and overseas carriers. delta and united airlines continued operating cargo flights between the two countries but they sent said they're readydy to resumeme cocommercial flights to o mainld china as well they havenen't yet been grantnted permission. in response t the u. s. depepartmet of transportatioion says that it will now banned flights by fourr chinese carriers which continueued a a skeleton servico u. s. route t the pandedemic. or will t te effect on june sixteenthh o or earlier if the presidenent decides. u unlesss american airlines are allowed backck into china n no concreten ththshort term the impactt will be fairly limited because there just aren't that many passengers. this is another salvo in east steadily worsening relationship. between

unrest now there's very few people that want to talk about that because you know how do you justify moody particularly when you're looting stores the biggest victims are the poor and the people the weakest in society go ahead mark. oh well peter has been a witness so you over the last week or so here is a true face of america not the hollywood depiction of america and american society but the reality of american society because on the one hand the well was observed consecutive american governments be a democratic are all are public and move in across the rows 100 countries losing countries destroying the economies of countries and then on the other hand we have some cool protesters in american towns and cities losing that shot to sure enough business is destroying people's livelihoods destroying people's lives that is the true reality of american society not only has he all hollywood not only aleksey all american mainstream media and british mainstream media that depicts america as almost say heaven on earth and then we have to take into consideration the organization and see far and see

and because arnold is such an easy going guy and not at all moody. we decided to take a matter of complete cuts in business up in this. little bit master all you normal people. out of not that vision with the sheer. polish border remains shut make them endemic gleiser can't have any german friends over for his birthday party still he loves being in poland. ruble furnace is real and it's lovely here one of biden. i could never leave things to they've been all over i'm living the good life oh. what a heartwarming inodes to close on with all the doom and gloom in the world right now we were just an idealized many more happy years the comment of maybe you'll be able to celebrate with friends and family next year and with that we've come to the end up today's show i'll be back next week with the news stories from across europe thank you so much for watching and by the at. the at . the for. choosing that 1st wisely. he could have an effect on your entire career. what should people starting a new profession look out for. which mistakes and pitfalls should t

a business editor kate moody herself joins us now with more on this. case because joining us- from home as part of a social distancing. to prevent the spread of covered nineteen k. great to see albeit at a distance but it was a pleasure to work with you. the latest data paints a picture of a labor market. i'm struggling to get back on its feet in spite of what damage is being eased to tell us more. well it's certainly nothehe quick recovery that some had predicted o or hopeded for. one million eigight hundred and seventy seven thousand americans. filed for unemployment benefits for the first time last week it is significantly lower than the peak of six point nine million that we reached at the end of march but it still three times higher. than the single worst week d during the financial crisis a dececade ago. in the spspace of jujust eleleven weeks foforty two point six milillion people have registered as unemployed. a government d data which will be releleased on friday is expected d to show the unemployment ratate. around 20% that w would b be the h

monthshs to reach what will be a very complplex trade deal if actually reaching business editor kate moody joins k. what's the next step then for these negotiators. . there's to markets could be more talks more often after months if not years of deadlock the joint statement was issued after today's video conference- admitttted that more momentum is now needed. meetings will be intensified in july both virtually and if you face to face. the goal of concluding and ratifying a deal by the end of this year both sides say they're hoping for anan understanding of. the understanding of the basic principle thth deal quiuite frankly. from hisis students frm the- us state. it led to. the clock is again take a- needs to to get t then be ratified by e . u. member states and rack and put into action by the end of december. now a after those tals boris johnson said that he saw no reason w why the outline of the deal could be. together in the month of july. the european side was a bit more cautious notably missing after monday's meeting was any sign of compromise on either side. of issues including fishi

and because arnold is such an easy going guy and not at all moody. we decided to take him at a complete cut see business happen if. not evolve with master all you know of to me . and i'm not that vision of the show via the polish border remain shut amid the pandemic arnold life's work and have any german friends over for his birthday party still he loves being in poland. for the world furnace real. it's lovely here one of biden. could never leave those 2 they've been all over i'm living the good life oh. what a heartwarming inodes to close on with all the doom and gloom in the world right now we were. many more happy years the commons and maybe you'll be able to celebrate with friends and family next year and with that we've come to the end up today's show i'll be back next week with the news stories from across europe thank you so much for watching and by the at. the at . coming from. the to. enter the conflict zone to sebastian the phone call never leads to news for long lease days now it's the draft of a new security law to be imposed by beijing p

and because arnold is such an easy going guy and not at all moody. we decided to take him into a complete cut see business up in this. metaphor with master all you know all of you me. out of not the vision of the show via the polish border remain shut amid the pandemic are not life for can happen in german friends over 1st birthday party still he loves being in poland the. real world for him is real. it's lovely here one of the. road to never leave things to it good all the glory i'm living the good life. what a heartwarming inodes to close on with all the doom and gloom in the world right now we were. many more happy years the comment of maybe you'll be able to celebrate with friends and family next year and with that do we have come to the end up today's show i'll be back next week with the news stories from across europe thank you so much for watching and goodbye you know at. the at . the thing. choosing that 1st job wisely. they could have an effect on your entire career. what should people starting a new profession look out for. which mistakes a

this meeting and we are meant to be here, because there is no doubt in anybody's mind, as general moody already said, that there is room for improvement, and we know that. we are happy to be at the table and happy to welcome that input and do what we can to be better, better police in this country, better police for our citizens and our communities, and we are happy to be part of this conversation, and that is why we are here. very much appreciate it. known each: we've other a long time now. really good. jared, please. >> we had the opportunity to grow close with law enforcement. bringworked closely to criminal justice reform. the law enforcement community heard the cries from the community and saw the injustices in the system that need to be fixed and responded by coming together to fix it. it's been a great partnership to do that. these reforms make our communities safe to her and our system fairer and that's what we've been able to accomplish by working together. is thatseen in the past it doesn't just result in reports, or talking points that result in progress and policies that mak

and restaurants even as they begin to re open across the country our business editor kate moody joins us cater hope you're on the terrarace but i suspect you might not be. this phase to be seen doctor measures could give a much neededed boost. to t the french economy. that's certainly the hopepe mark i may n not be on te terrace of the brutal american self wasas earlier on today. jut after giving that rather gloomy forecast. for economic growth he was among those who flocked. to a newly reopened terrorists in paris his twitter feed showed him happily having a coffee and a chat near last year- he said that over three hundred thousand restaurants and cafes. had re opened- that allowed some half a million french people to go back to work he described this as an important step for the economy. on a positive moment for the economy as a whole n now it's certainly not a as easy as a coffee and a smile. the government is still offerering significant financial supupport to the industry as a whole and it will continue to do so. through the end of this year at least- that'll reported funds to pa

moody w who joins us nw via skype kay thank you very much for joining us live on the program at bp's announcement comes as the oil industryy continues to struggle with the side effects. of it this echo the nineteen pandemicic. the absolute collalapse in demand fr oil has been just another unprecedented aspect of this to repososition itself as aning energy company focusing on momo suststainable sources. oil remains its key business and the ceo bernard looney told staff this monday at the oil price and now dropped below the level they need to be able to turn a profit he said in an internal e email. we are spendig it much much more than we makake i'm talking about millions of dollars every single day no b. had opposed to three month freeze o on redundadancies- starting in march that has n now expired. ten thousand positions are going to cut it in coming months other oil giants announced. layoffs we know that a lot more openingsgs- r riske e bankruptcy now. this this can. producers cartel allies including russia agreedd to extend their deep to scale b bak output by another month at least

them market dominance that's good morning from france twenty fourth business editor yes k. moody. is joining us right now okay tell us about these latest allegations against apple. mark they're two s separate linines f investigatation here- one centes around a at the c commission tht apple takes on purchasas f from its app store a a thirty or 15% from the companies that use the platform. spotify netflix and the ebooook comomny kobo are among the c companies that have complained about thatt so o cald apapple tax that they say gives apple toooo much controll over their relationship with their consumumers and their date. a ae argues that money is used to maintatain t that thehe plot itf apple has at least separately each case rather haze looking at apple hey. and whether apple lips competition from other contactless payment systems. to be used onn our devices no evidencece number ofuropean cases against apppple appeal iss on going out of thirteen billion you back tax billl in irireland. europe'e' compepetitn chieief margrethe vestager has been dubbed t the tax lady by donald trump he

and because arnold is such an easy going guy and not at all moody. we decided to take him into a complete cut scene business up in this. little hole with master all you know of to me. and i'm not that vision of the show via. the polish border remain shut amid the pandemic of life's work and have any german friends over for his birthday party still he loves being in poland. reward for his real and it's lovely here one of biden. could never leave those 2 they've been over i'm living the good life oh. what a heartwarming inodes to close on with all the doom and gloom in the world right now we were. many more happy years the comment and maybe you'll be able to celebrate with friends and family next year our that we've come to the end up today's feel i'll be back next week with the news stories from across europe thank you so much for watching and bye bye the at. the at . because. the backing extreme situations in the fight against terrorists the bells a bad time i am made a man of germany's counterterrorism unit g.s.t. not highly trained supremely tough

shahana mukherjee from moody's.no change in the boj when it came to the policy levers or rates. rates unchanged. also unchanged when it comes to asset purchases. but the special virus program will run to 110 trillion yen, bigger than expected. and helping out some of the corporate funding pressures we are seeing with some of the smaller and medium businesses. they also mentioned about inflation -- downgrading the inflation outlook. likely negative for the time being. and private consumption has decreased significantly. we will see how markets react when we return. coming up, the u.s. supreme writes.otects lgbtq rights. this is bloomberg. ♪ haslinda: let us do a quick check of the business lash headlines. fundinglines has raised by borrowing against its frequent flyer program. it says goldman sachs and morgan stanley participated in the financing. united plans that was planning to sell junk bonds last month. the arrangements will be secured by the mileage plus loyal program. citigroup.ng with u.s. carriers including

here's moody's investor services warning for coastal communities that issue bonds. i quote moody's, the growing effects of climate change, including climbing global temperatures and rising sea levels, are forecast to have an increasing economic impact on u.s., state, and local issuers. this will be a growing negative credit factor for issuers without sufficient adaptation and mitigation strategies. i'd like to ask my colleagues if you are a small community on the coast, where are you going to go to get sufficient adaptation and mitigation strategies for moody's? where are we to help those communities? here's the union of concerned scientists. i quote, by the end of the 21st century, nearly 2.5 million residential and commercial properties collectively valued today at $1.07 trillion will be at risk of chronic flooding, end quote. chronic flooding makes those properties uninsurable and unmortgagable, which is one of the reasons for freddie mac's warning about a l coastal property value crash. but who's listening? not the land and water conservation fund. our coastal p