we have nestle trading lower. nestle an interesting beat on coffee and pet food strength.put up a bad quarter. the one stop that closed higher. they put up a better than feared quarter. relative to nestle, the reason the stock is down probably had to do with the fact of too far, too fast. stable company out of the march lows. while it was a good quarter, some of that was already priced in with the rally at the march lows. danone has been known for their dannon yogurt and a lot of issues they have had with that, keeping up with the greek yogurt. you can see that is about 50% of their business. also they have specialized nutrition, and 18% of their business is donald water, water has done worse than expected. that has everything to do with a locked and the shutdown. people are not out to buy all of that bottled water. finally, this is interesting. during the pandemic we have alcohol consumption up in a big way, but the beer makers have been hit hard. ab put up a better corded than expected. that is what we are looking at on the year. it looks like a lot of their troubles hav

of nutrition foods that is in public health at new york university and bestselling author present nestle and i'm such a big fan of yours thank you very much for it rains it talks yards i'm very happy to be here thanks now for most of our international audience the u.s. dietary guidelines nate come across as obscure or a manuscript that has little or no impact on that own lives but i happen to believe that this is actually one of the most impactful public health documents in the world whether. influence often harmful influence spanning far beyond the united states is that an exaggeration well if it doesn't summarize or not others really know what healthy diets are dietary recommendations have not changed since the 1st recommendation started getting issues for chronic disease prevention in the 1950 the basic dietary recommendations are balanced calorie intake data a lot of fruits and vegetables and to avoid foods that have a. special rated fat salt and sugar in the day to guidelines for americans who sit at the end every 5 years since 1980 s. and the new ones are going to say exactly the s

at new york university professor nestle all of your books are all to mentally about work rate tricks to increase profits and to some extent we expect that part ration to do that but i think with the call that 19 pandemic we all can see be imagined stalled these practices have on both societies at large and personal how they axed analogies as the economist put it a much greater than the profit jesus thing this pandemic provides and nothing to keep can be got to change things around. well i'm hoping that some good will come out of the code of 911 demagogue not seeing it yet but the hope is that people will have a much greater understanding of food systems work and will. provide much more political support for curbs from country excesses for insistence that foods be healthier and that we have a much more healthy and sustainable food supply i'm keeping fingers crossed about that ever said before it's kind of understandable that corporations what try to preserve their products and then most favorable lie that's the nature of marketing i wonder how where do you draw the line that when. mar

the obesity and other related pandemics well to discuss the earth and now i'm joined by marion nestle a professor emeritus of nutrition for starters and public health at new york university and bestselling author reza nestle and i'm such a big fan of yours thank you very much for it means jobs yards i'm very happy to be here thanks. now for most of our international audience the u.s. dietary guidance nate come across as these obscure boring manuscript that has little or no impact on that own lives but i happen to believe that this is actually one of the most impactful public health documents in the world with influence often harmful influence spawning far beyond the united states is that an exaggeration well if it doesn't summarize or not others really know what healthy diets are dietary recommendations have not changed since the 1st recommendation started getting issues for chronic disease prevention in the 1950 the basic dietary recommendations are balanced calorie j. date a lot of fruits and vegetables and to avoid foods that have a. special rated set salted sugar in the day to gui

itsa: nestle is outshining rivals. expects to nestle percent to 3% growth this year.focus on more of its premium offerings. thanbev has sold more beer expected in the last quarter. sales topped $10 billion. the world's largest brewer saw growth in june after volumes crashed. it is slowly picking up again. ab inbev saw solid signs of rebound in china in the past two months. that is your bloomberg business flash. nejra? nejra: coming up standard chartered delivers earnings that top estimates. the exclusive interview with ceo bill winters next. this is bloomberg. ♪ nejra: economics, finance, politics. bloomberg surveillance. standard chartered says the worst part of its debt has passed. 1.7 -- $1.57 billion of -- projected losses. i asked the winters about the political situation in hong kong and asked if more shareholders had expressed concern on standard chartered's decision to endorse china's security law. see ant would be hard to investor not support hope for economic and social stability. it is our biggest market, that period of stability would be helpful. we look,

those are the numbers that are coming through from nestle.endting its 2019 to 4.86 euros per share from 6.56. it still sees adjusted operating profit for 2020. basically, vw is coming that dividend after $940 million loss in the first six months. coming up, the earnings conversation. this is bloomberg. ♪ ♪ nejra: good morning from london. this is bloomberg daybreak: europe. these are today's top stories. stocks trade mixed in the dollar steadies after the fed leaves rates near zero. powell vows to do whatever it takes to support the recovery. u.s. gdp could be the ugliest report ever. big tech gets a grilling on capitol hill. ofmakers accuse the ceos using their power to crush rivals and squash competition. all companies report today. an earnings onslaught in europe with results from big banks and big oil. we speak to the ceos of credit suisse and shall, plus many more. we've already had a big number of earnings come through this morning. renault isa crop -- the latest. a first-half operating lost. the estimate was 1.62. that's what we're loo

valid to crack down cold and well we know that the president would not like those kinds of questions nestle in any form and that's for sure rebecca as always thank you. or best of all no the n.b.a. season restarts in the u.s. on thursday after being suspended due to the pandemic but the return will be very different from other sports 22 teams will be competing in a secure bubble without fans on the grounds of the walt disney resort in florida big names such as le bron james will be there and the super storm self he's admitting that bubble wife well it's taking time to get used to. walt disney world is the venue for the n.b.a.'s comeback but like the theme park new hygiene rules have been introduced to keep the coronavirus away basketball fans watching on t.v. could be in for a wild ride over the coming weeks with the season completely reach organized le bron james of the l.a. lakers is ready to outshine the usual stars of disney but the bio secure environment takes a bit of getting used to. your back now is the ball once it is 20 point you know everything is different and you have to be abl

companies like nestle. porsche is designing automotive software. are companies that could in seatshese butts you canovid and now, even go to the office anymore. you have to figure out how to keep building these big systems without being able to go into a conference room? caroline: on your website, you have task rabbit and the like, you mentioned nestle. how are they still managing to be creative, getting that production of innovative ideas when people are having to stare at cameras with each other rather than having those more serendipitous moment? adam: this part is tough, a combination of using tools like we are using now. but it is also about, people could work from home before in the tech world, but how did you really innovate? what if you could not get in front of a whiteboard and to draw things out? doing distributive teams before everyone was forced to be distributed. so there is a bunch of tactics. we have engineering teams all over the world on braintrust that have never met in person. it is really more of an art than a science. want to sh

why just one neighborhood nestled in marin county is being hit with a majority of the county's cases, the lessons it's begging us to hi, i'm pat and i'm 75 years old. i'i'm wa doingomhing.tains so i like to wal i'm no in the morning, i wake up and the first thing i do is go to my art studio. a couple came up and handed me a brochure on prevagen. i've been taking prevagen for about four years. i feel a little bit brighter and my mind just feels sharper. i would recommend it to anyone. it absolutely works. prevagen. healthier brain. better life. ibut we also know that, when it comes to money you want to... not spend any. that's why 7-eleven has 7 cups free with 7rewards. you get the drip coffee you want. for the no money you want. coffee. no money. 7 times. is that what you want? oh, we know. because we are 7-eleven. and we might know you better than you know yourself. 7-eleven. always open. your bank can be virtually any place you are. you can deposit checks from here. and you can see your transactions and check your balance from here. and pay bills from here. because your bank isn't j

liz: dividend darlings for europe are nestle, zurich insurance, along with basf.salting money overseas now? >> right now, you did a segment earlier about valuations in the u.s., particularly in tech. p-e ratios are off the charts high. whereas in europe just not the case. [closing bell rings] companies with very low dividend yield. i think you ought to take a look there first. liz: yep. well we appreciate that perspective. nestle, zurich, insurance panned basf are your picks. the dow sure fumbled. still up eight points. that will do it for "the claman countdown. connell: that is what we call a major reversal. the dow losing steam in the final hour as california orders several industries to shut down indoor operations. that is effective immediately. we'll talk about that from all angles. welcome back, melissa. i'm connell mcshane. melissa: good to see you, i'm melissa francis. this is "after the bell." the major averages ending off the highs with the nasdaq snapping its three-day record streak at the close, erasing gains after hitting an all-time high earlier. we b

. >> reporter: the reason, officials said fire danger, alarmed by campers nestled in the shady groves. >> a lot of the fuels in here will determine there is a significant risk. >> reporter: santa rosa fire as i did dalles numerous other fires recently, brush and structure places, originating in or near homeless camps. so the threat is real. >> whether it's recreational fires, warming fires, burning fires, that with close proximity to the homes here is a risk we can't allow to continue. >> there's been a lot of fireworks going off in the middle of the night. it was like two a.m. the other night. >> reporter: fremont park is lined by residential areas, where neighbors are concerned. it's also across the street from the middle school campus. neighbors complained of drug dealing and paraphernalia, fights and erratic behavior that keep them inside, afraid of the park. >> it has become out of control. and it isn't safe. and, you know, i want everyone to be safe. >> it's pretty stressful doing this over and over and over. >> reporter: preparing to move, many campers are trying to stick toget

itself his melodies and his creations have the ability to see you to appeal to you immediately to nestle in your brain and to stay there and these militants are. indelibly linked to the films they were over $500.00 television and movie films that he wrote for he had 6 nominations run an oscar finally towards the end of his career in 2016 and a lifetime achievement award in 2007. great stand by before we continue i just want to play a clip of one of his most famous calls that would be from the epic 1966 spaghetti waist and the good the bad and the agony and it starred if you remember clint eastwood let's listen. rick so marconi he revolutionized the sound of music right of can we can safely say that but he also made his mark on modern music. yes he did and i think it's because of his incredible imagination you heard some unusual instruments there there was these this haunting quality he would use strange vocals and cracks and jew's harp and all kinds of unusual instruments and they in fact this imagination found its way into the music of dire straits and using metallica and radiohead. one

so that they aren't heavily reliant on drugs or other chemicals. 600 miles from the nearest ocean nestled in a patchwork of windmills and soybean and corn fields as tiny indiana. a mom and pop indoor salt water shrimp form. their own there are over and i asked her why now welcome darty after travis county . carlina darrell brown accidental shrimp farming pioneers are you going to down 6 pounds with $32.00 dozen basic backyard pools as growing tanks the perfect indoor system with 0 waste no chemicals in the 90 percent survival rate. that's a 3rd higher than traditional outdoor shrimp farms well this is like a little laboratory here yes it is in the short form yes it is we do 9 tests every single day we do temperature does on oxygen night try c o 2 salinity alkalinity ph ammonia and flop as you can see our water is brown the test for doing here right now is we're trying to see how much bacteria is in our water and we call the settling so you're basically waiting for all those bacteria to go to the bottom and that tells you how much is it how much we have an exact like and for over a certain

dakota petroleum council so he's specifically referring to that the down decision his name is ron nestle like to bring him in here. obviously were shot this morning i think that you know that the order it was shut down was tipline by a district judge and on on washington d.c. he is not one to be questioned his authority has value this and i'm sure he'll do every cent possible but if there is a lot of backing for others the code access pipeline which carries almost a half a 1000000 barrels of high quality or kovach you know well to do what is considered the best market united states that oil. isn't really reliable and as i said is there a lot of discussion back and forth to see if his fire why but the reality is it's got 3 plus years now of safe operating procedures behind it. jacqueline good do you want to address some of those he brought up 3 safe years of operating behind him why is it judge in washington d.c. making this decision about what's happening up in north dakota. yeah of course judge must work has been the presiding judge over this case you know me almost the entire time and

which nestled together in the breeze to leave the impression of the perpetual symbolism it is a beautiful story. >> i am the most expensive journalist in america but it's probably true. but that's probably correct the most sought after journalist and a terribly industrious reporter and also had the capacity to talk and say things. >> and then to do a piece on john lindsay when he was mayor and also on a piece on me and then said first will become friends later so we borrow nixon into china and in 1872 to spend a lot of time together so we meet six or seven times a year for lunch. to come from a very poor jewish ghetto in boston and then working his way through harvard. and then the chinese question. very high but then have the ideological parting of the ways. >>cspan: what you mean by fellow traveler? >> he tended to think that is probably correct like the late thirties and early forties and shane kai-shek and there was a lot of corruption but his hospitality and it cause that resignation. >>cspan: we are used to you playback the symphony and beethoven is a monument. >> adam smith said th

sound a warning signal from the scientists they point to damages in the hippocampus a small region nestledin the center of the brain. it's essential for learning and the consolidation of memory. of recent studies show that in humans the 2 energy rich diet also interferes with their book outbursts. they say for example that the quality of people's diets is related to the size of the heap the campus to the size of big right and what better value and they're starting to be intervention studies so for example we say that only 4 days on junk food top diet will have an impact on culprits of functions that are related to the hippocampus. margaret morris is now seeking to understand how sugar even fatty foods disrupt the brain of her rats to the point of affecting their performance. she has a hypothesis namely eating too much fat do sugar triggers an inflammatory reaction that spreads to the neurons. so in response to these foods there's a general inflammatory response all around the body this is being both ascribed in obesity but it now appears to be quite an acute response as well and what we fi

means how do you top that and had later thought of 10 at my house out here and more still ugly in nestle if the thought us has in men you know will we see some more of them involving email for you which layman must rule where most will give you the letter d. muslim go gain share a with the yard tell it many times you are going off the mayan if. you were to have will with. many of. our being. and then out again mom with. the moms and. we're going to go in while we're wired me showed him the most was the of how could mean in washroom in total. how does how does our motto how does that feel they have. that of the couple to know what the a bunch. of homo. i don't know well. where we'll see a boy who said. they can one raul model. in no we have an. issue with i.z.'s saying. we're going to do. a lot of. where. i was don't know what i was told i'm alleged and then talked about how. they should see. what it did the world to hire a letter for a lot of sadness or bad kalid to restart the mystery has he. well welcome to. my mom and i'm attacked in the model much lately. had any any less than an. aw

how do you top that and had later thought of 10 of them have a lot here and more cilla live in nestleo taught us has. will we see some more of them involving email for you with layman moss through a window where most will give you the letter d. muslim go gain share a with the yard tell it. to my and if. you were to have will we. did see you in. elbow or being. not a good mom we. were going to go in wild wild me sure. this was e of how could mean in washroom when and. how does how does our motto how does that feel they have. that of the what the. where. they can one wrong. in no. issue of saying. where. i got developed i was don't know what. the lim talked about how. they should see. and finance 200. i did. well with that in the would hire a letter. kalid to restart the mystery has he. welcome to. my ma i'm attacked in the. i had any any less than an. awful initiating. force that showed that is a. lot to get. up to how do you not have seen. from us on a. little most of the. threats to the beginning to get laid and i was you know a field day or 2 letters he would get at the. village the

peres says it's reached its yearly filling target for the grander nestles down after weeks of heavy rain that says the government's been holding virtual meetings with its downstream neighbors promising to continue talks to find a solution to the dispute over the megaproject charles traffic reports on the complex regional politics surrounding the dam. it's taken 10 years to build and cost close to $5000000000.00 ethiopia's flagship infrastructure project is a great source of national pride. but a grand ethiopian renaissance dam on the blue nile has caused tension with downstream countries sudan and egypt from the start be coping government says the hydroelectric dam is vital for the development of this immense landlocked country which has a population of around 108000000 the country plans to expulsion electricity across the region and says the dam will stop seasonal flooding in neighboring sudan. but egypt says there are a number of outstanding legal issues that need resolving and filling the reservoir too quickly could reduce its water supply and may pose an existential threat egypt does

nestled between some of the wealthiest in the country -- it looks and feels a lot different than muchthe neighboring communities. it is 80% latino and largely low income. it is the densely crowded apartments of the essential workers. she is an immigrant from guatemala who lives in a three bedroom apartment with nine other family members including two of her children with underlying health conditions. she and her husband both recently had coronavirus. she has since tested negative. when she was positive, she let her clients know and stopped working. >> translator: i home you are well. you and your family. why? didn't you take care of yourself? they wanted to know how and when we became infected. we went to work, to get gas, to buy food. it was very difficult to find out we were positive. >> reporter: she still doesn't know exactly where she became infected but she knows she's part of a broader story landfall tinos make up 16% of the marin county population but they account for roughly 80% of the county's coronavirus cases. it is the largest disparity in the area. >> in some ways, it is

it's called the current act, now use the infant in the nestle named women. at the caution against racially explicated of nonemergencies act will make it illegal for individuals to contact law enforcement solely to discriminate on the basis of race, ethnicity, religious affiliation, gender, sexual orientation or gender identity. it also allows individuals affected by these calls to file lawsuits. joining us now is mr. walton, thank you for joining us. you say this law is aimed at protecting the rights of communities of color. how so? >> you've seen what's happening across the country, people making these frivolous 911 calls and so what's happening as you put people in contact with the law enforces meant and in some cases there is very can and do lead to harm and human beings but in some cases they have lead to. no one should be calling 911 against people of color, black people or other people of a protective class. >> trace: we played this a little bit earlier. this was the central park case that generated a lot of this. watch this and we will get your respon

disaster in retail i bought roch, nestle. i'm getting diversity out of u.s. dollar into companies where most of their sells are in the u.s. any way i'm getting them cheaper you pay less in europe it's a zip code everybody hates. hate banks hate utilities hate government bonds. >> owe the value you think is o overseas in emerging markets >> yeah. the federal reserve is giving the greatest gift with removing the shortage of the u.s. dollar. you're looking for yield in environment where goth bond gives you nothing. you'll find it in the enb. 39 basis points. it's got 15 billion under assets i have iemg already. it's emerging market equities. >> dr. j >> yeah, i added valet i'm sure elon musk is happy about that he wants more mining of nickel i like this one just as an infrastructure play too. when we saw call activity heating up in valet, i decided to jump in i'm likely to be in here for quite a while with the rebuilding and all of that mining from mr. musk's batteries. >> i mentioned what's going on with semis today hitting a new all time high. jenny, you own t

nestled between some of the wealthiest zip codes in the country, the canal looks and feels a lot differentn much of its neighboring communities. it's 80% latino and largely low income. you won't find the mansions here, rather, the densely crowded apartments of the county's essential workers.work. kreselia calderon is from guatemala. she lives in an apartment with nine other family members, including two children with coronavirus. she and her husband both have coronavirus. she has since tested negative, but as soon as she did, she stopped working and let her colleagues know. >> translator: i hope you are well, you and your family. others ask, why? don't you take care of yourself? we wanted to know how and where we got infected. we got to thinking, we only get out to buy gas and food, so it was very difficult to find out we were positive. >> kreselius still doesn't know exactly where she became infected, but she knows she's part of a broader story. latinos make up for just 16% of the population, yet they account for almost 80% of all the coronavirus cases. it's the largest disparity in the b

it must nestle everywhere, settle everywhere, establish connections everywhere. the bourgeoisie and its exploitating of the world market has given a cosmopolitan character to production in every country. national industry is destroyed, he says. this is 1848. national industry destroyed? it's just getting going. today, that is what is happening. national industries destroyed by the inexorable forces of globalization. more than 150 years later. all established national industries have been destroyed or are being destroyed. we find new wants, requiring a satisfaction by the products of distant lands and climbs. national one-sightedness becomes more and more impossible. in other words, this is a global system, a global world, a global interchange. and that's good. this is not a critique. that is good. that is part of the progress of history because capitalism is creating the conditions in which a humane life is possible. it is overcoming the barriers of nature and population to massive production. the possibility for an equal or fair distribution of wealth around the

after testing markets with nuggets, cargill, it's rolling out this month nestle opened up alternativeeat market in china last month. impossible foods is also trying to get regulatory approval in china. it announced it's launching products at starbucks stores in singapore. guys, it's a huge opportunity there. >> huge opportunity. a lot of different players see it aditi how much competition will beyond meat have? >> that's a good question. there's a lot of home grown competition. these companies like beyond meat will be offering products, the same product as you'd see on u.s. store shelves whereas the local competition, zen meat, omni, whole foods and perfect foods, they have created plant-based meat products for local specialties like moon cakes, oyster sauce. they definitely have an edge there in the competition. >> all right aditi, thank you aditi roy with the latest beyond meat tyler. >> mall-based retail in trouble before the coronavirus but now things are getting even worse. macy's posting a huge net loss nordstrom may cut thousands of jobs we'll talk the future of retail next enn

. >> the 41-year-old institution, nestled in santa cruz county, is moving all 180 students to outside learning for the school year. wi-fi will be available in some classrooms, as well as whiteboards and other teaching staples. madonna campus sits on 375 picturesque acres with a view overlooking watsonville. >> the kids love outside time, and we already have outdoor classrooms set up, where kids will bring clipboards or whatever it is they are reading, and they will do what they do inside, outside. >> this private school has an impressive track record, using nontraditional teaching methods . each grade level has only about 16 students. march's closing prevented opportunity for reopening, using one of california's greatest assets, great weather, as an educational asset. >> it facilitates learning, anywhere we need to be on campus. and on beautiful days, why not go outside and learn? >> beautiful days are one thing, but what about when it's cold, raining, foggy? administrators say working indoors is still on the table. some outdoor classrooms are intense with heaters, and students are as

you have scared politicians like mayor de blasio nestlÉ's not going to be open and see said he wouldfact that it didn't go to the last numbers that were incredible. tomorrow we get more jobs. and just wondering if the reclose things will vary kelly and others are hoping for. kelly: he said at the national level he would not advocate those things are closing back down we're going to have. david: forgive me for interrupting, is not responsible for that that is going to be the job of the governors and a lot of those governors are re- closing. kelly: 5 percent plant during the covid-19 crisis. now that is according to an analysis. those residents going to go back to new york city. and $13 million statewide deficit. we don't need andrew cuomo, no offense but he needs people in the state to pay their taxes. a story raise them 20. wizened nation know how to deal with covid-19. we need to wear masks, we need to socially distance . we need to wash her hands and small businesses to implement these two keep their workers safe. were going to have to live with us. until there is a vaccination. an

. >> reporter: she says the 41- year-old institution, nestled in a beautiful setting is moving all 180 learning for the school year. wi-fi will be available in some classrooms and whiteboards and other teaching staples. the campus is on 375,000 acres with a view overlooking watsonville.>> the kids love outside time. we have outdoor classrooms set up. the kids can bring clipboards, books, or erare doing. >>> friday, thank you scott, they will all be the same. this pattern, this deep fog layer with a strong onshore wind, you can see this on the estuary. you can see that on the surface. may have significant wind. is blowing pretty good out there. that is pushing the fog inland. it is setting us up with a pattern that will be similar tomorrow. there it is, 36 mile-per-hour wind in the delta. this is a big cooldown in marysville and sacramento and davis. it is just like last night. east of livermore, where the fire zone was, the wind was gusting at 30 miles per hour this evening, before the sunset. you can see the fog. there is fog along the coast as well. this doesn't show this well if you

that's not exist was real rick smeared and i should steve nestle yeezy mia.daughters though are distrusted by many russians they have lived here since the 14th century when various turkic tribes invaded. but their wealth depended mainly on the trading of slaves who they captured in regular raids across the region selling them on to ottoman slave markets and cost on to noble now istanbul and elsewhere in the middle east. this trade was eventually brought to an end after conflicts with both ukrainians and russians and the crimean peninsula with a valuable trading port on the black sea was an extent by russia and $783.00. since then try me and thought ours have been repeatedly buffeted by their neighbors and driven from their land. in 1944 as portrayed in this drama by crimean ta-ta director when they were suspected of collaboration with the nazis joseph stalin ordered that the entire crimean tatar population be given just 15 minutes to leave their home for half. an act of ethnic cleansing which lives in the folklore of the tarnation to this day . was stuff a ji