what would be a mandate or way to make the oecd more global?: i think the oecd has been on an expansion course and rightly so. at the same time, it sets certain standards of democracy i think it's, and important to maintain those and have a plan for the long-term. i think on hell has done that has done that well. global cooperation is on the back foot. it's important we we -- it's important that we reinvigorated. it's good for growth, and therefore i believe the oecd will be in an important position in the years to come. francine: on the oecd, one thing we have heard over and over from angel is the crackdown on tax havens. is that really the best use of the oecd if we do not have commonality or if people can't do much with it? philipp: i think the tax haven story is a story of the past, past history, particularly the story around private banking secrecy, which was an important piece in switzerland. the country is fully compliant with current oecd standards, full information exchange, procedures and plays. i think the real challenge going forwar

the oecd reports that b britai's textile industry could be hardest hit by no deal, projecting a falln exports of 30%. boys johnson's government was applauded for its move to support t the economy during the lockdown but the oecd warns that continued disruption threatens to increase inequality, child property, and regional disparities. >> letet's check inn on the trag action. wall street closed in the red. here is steven mnuchin, dampening speculation about a fresh round of stimulus, saying democrats and republicans remained at odds over their priorities. he criticized nancy pelosi for refusing to consider targeted packages for airlines and other industries. earlier, we saw a close for the european indices, the ftse 100 lost just over half a percentage point. a group of 20 most industrialized nations has agreed to extend that relief for six months until june of next year. the french finance minister said it was the first time that china had agreed to a common framework on debt relief. 7373 o of the poorest countriese eligible to have debt payments frozen, provided that they u use fund

changing world, you know, is something we understand and that's why we're actively engaged at the oecd. what is difficult is really finding a solution. you know, for those who volume this closely or who are sort of close to the tax world, there have been a working level talks going on this week. i'd say there is progress on what is called pillar two, again, for tax folks out there, that's sort of the minimum tax regime, and there have been progress on implementing that in the way that is consistent with u.s. tax law. pillar one is more challenging. there has been progress on technical issues, but there is no agreement on pillar one. you know, some of the big issues remain unaddressed, including whether to adopt is safe harbor approach, which is really, you know, what the u.s. is advocating. i should just add that there is, you know, very strong bipartisan support for the proposed u.s. solution. and for ensuring that u.s. companies receive a fair deal. i spend a lot of time on the hill and the u.s. is united on this issue. >> mr. deputy secretary we're running short of time. let me ask

we watched keenly the race to lead the oecd. nominated already someone.den nominated cecelia maelstrom for that post as well. the race is starting to get quite dizzy there. president trump in the meantime recovering from covid-19, says he feels great and it was a blessing from god that he caught covid so he could see the value of the therapeutics he was given. he then called regeneron's covid treatment a cure. pres. trump: it's a cure. for me, i walked in, i did not feel good. 24 hours later, i was feeling great. i went to get out of the hospital. that is what i want for everybody. want everybody to be given the same treatment as your president. haidi: the white house doctor said on wednesday that trump had been free from virus symptoms for more than 24 hours and without a fever for more than four days. therefore clearing him to return to the white house and the oval office. told bloomberg about the steps taken to keep the president healthy, calling them extraordinary, but that it is important to remember public health steps like wearing a mask, are vital

an oecd graph illustrates devastating job losses worldwide.ws just how far working hours in major industrial countries have fallen during the covid-19 pandemic. the rate of decline in the third month was much worse than during the 2008 financial crisis. this grim situation is forcing employers and other organizations in japan to think evermore creatively to survive. nhk world reports. >> reporter: executives at this restaurant chain responded quickly to the coronavirus outbreak. they temporarily shut nearly all of their 180 restaurants. to protect their workers, they assigned some to stopgap jobs to supermarkets and elsewhere. staff are also doing their bit to help out. officials at this labor center connect employees with companies that are shorthanded. workers keep their job contracts while on assignment. a tour bus driver may work as a truck driver for a delivery company, or a restaurant chef could work in a supermarket kitchen. about 200 workers have found temporary work through the scheme since it launched in june. >> translator: our prio

. >> prior to july 27, the number of weekly cease-fire violations recorded by oecd observers regularlynto the thousands. since then it has been a few dozen at most. that head ofhe military's ability to administration is delighted with progress on roadbuilding. >> [speaking foreign language] >> but the main benefit of the cease-fire is safety for people and property. >> the damage to people's homes has stopped. before the cease-fire, we would have to go every week, and through the damage. so i hope this truce continues and things can be worked out diplomatically. >> yet the situation remains tense. invisible in the fog here is the village, and beyond at the frontline. in september, the leader of the so-called people's republic, threatened to shell ukrainian positions here. >> he accused us of taking new positions on the frontline and threatened to attack them. i must stress we have not taken a single step forward since the cease-fire was announced. maybe it was his initiative to show his russian handlers he was in some way worth something, or maybe he had orders to destabilize the situa

do think there's an issue that has to be addressed and that is why we are actively addressed at the oecd. i think the easiest way to understand the issue is the current international system has for many decades debated on the concept of the physical presence. you can be taxed in a country if you have a physical presence there. the issue arises because of the shift towards intangible value that has occurred so to unpack that a little bit, if you looked at the s&p 500 for instance, the 1970s, about 17% of the value would have been in what was called intangible value, intellectual property, other types of intangible values. if you look today, that number is closer to the 80s and so when you combine that with the physical presence you can see that while in the 70s it might have been difficult to move one to another to benefit from lower tax rates, today it's easier to do business in this country and move to the country where there is a lower tax rate. so the intuition the tax system has to be updated to reflect the changing world is something we understand and that's why we are actively enga

corporate tax rate, which we currently enjoy -- and, again, it's still above the 37 countries in the oecd an important factor. it's no longer a headwind that i might have experienced four years ago when i was looking at anage sis as to where to place manufacturing. maria: my thanks to joseph wolk of johnson & johnson. don't go anywhere, we're talking ♪ ♪ maria: welcome back. since the pandemic began back in march, more americans have been doing their grocery shopping online, and whole foods has been in a position to take real advantage of that since the chain merged with amazon in 2017. whole foods has become a force in online grocery shopping. in england, the retail giant took triple its online grocery sales from a year ago, it is one of the jewels of the amazon portfolio. john mackey is the whole foods cofounder, ceo of whole foods, also the author of "conscious leadership: elevating humanity through business." and, john, it is great to have you this weekend. thanks very much for being here. >> thanks for having me on the show, maria. maria: so tell me, john, how the last several months

corporate tax rate, which we currently enjoy -- and, again, it's still above the 37 countries in the oecdn important factor. it's no longer a headwind that i might have experienced four years ago when i was looking at anage sis as to where to place manufacturing. maria: my thanks to joseph wolk of johnson & johnson. don't go anywhere, we're talking diane retired and opened that pottery studio. how did you come up with all these backstories? i got help from a pro. my financial professional explained to me all the ways nationwide can help protect financial futures in peytonville. nationwide can help the greens get lifetime income because their son kyle is moving back home and could help set up a financial plan for mrs. garcia. and he explained how nationwide can help mr. paisley retire early and spend more time with his pal, peyton. and their new band. exactly! yeah. don't forget the band. i haven't. ♪ ♪ maria: welcome back. since the pandemic began back in march, more americans have been doing their grocery shopping online, and whole foods has been in a position to take real advantage of t

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the western world, by and large, our oecd economies are more concerned about it and if you look at theeveloping world, remember over 120 countries in the world are still in the developing phase and they by and large welcome chinese technology, so how do we look at the future world? is that going to be potentially the regions of the world that are faster developing, that have the faster demographic majority and the countries that are desparate for economic growth are going to welcome huawei's technology or chinese technology, by and large. let's go to our third question now from nairobi, the capital of kenya. you are a lecturer at a business school, so we expect a very profound question from you, then. what is it? i hope so, zeinab badawi. thank you. so my question for the panellist is even if the us decouples completely from chinese technology, does the us have the current manufacturing capacity to build and sustain quantities required on a global scale? anja, what is your response? thank you for that question. i really hope that the us doesn't decouple completely from china. i think t

catherine mann is one of our leading international economist, with her academics in america, her work in oecdw citigroup global chief economist. we are thrilled she could join us. you are so good. you have four sidecar industries. one of them is a deep understanding of how china fits into all of this. china be our international gdp salvation? could they be the one that props us up and redirects us to growth in 2022? catherine: there is always a question about who will be the global locomotive and it always seems to be the case the united states was the global locomotive , that was the one importing and supporting the growth in other economies. even though the china statistics are the most robust of the economies we have in our projections, they are exporting their way to growth. they are not the global rocha motive -- the global locomotive at this point. they are taking advantage of the recovery that is very sluggish in the global economy. when we look at their statistics , they did come out with new statistics. the u.s. is the one that is a global locomotive for china. china exports to the u

in any other oecd country, that was not the way it was in the 1970's. there was much more mobility. in four years of president trump, that has become greater. not less. i take the point that, ideologically, you have this lockean message from trump, creating the brand of giving the people the risk they want. bread andis all about circus, they are running out of red and relying more on circus. francine: when would you be comfortable calling the election? do you look at underlying questions people will see, or do you trust oppose? ian: i trust the polls, i trust that the polls in 20 -- trusted the polls in 2016. i feel comfortable calling at biden is well ahead and will remain well ahead. if it was as of today, it would be 65/35 biden, but that is only calling the election on the basis of who is voting and are all the votes counted? certain the almost election will be contested by the loser, whoever the loser is. the pandemic ensures that, the challenge of counting in pandemic ensure that -- ensures that, and the fact that president trump is doing everything possible to politicize who

bank of england chief economist and he will be speaking this afternoon at the oecd on the new tools thating for covid-19. u.k. caseloads's continues to surge. ae medical director warned of defined and sustained increase in cases and hospitalizations. there were lines coming out of the u.k. as well as france and spain. dani burger is here to discuss all of that with us. how likely are further restrictions in the united kingdom? dani: they are likely. bbc did speak with the communities secretary, and he said the government is discussing new steps to take and announcements are likely to happen in the coming days for further restrictions, and the data really speaks for itself. 17,005 hundred 40 cases announced yesterday. that is a pickup of 3000 cases, from wednesday's number, and 77 more deaths occurred as well. the chief medical officer in the u.k. spent much of yesterday mp's,g discussing with trying to emphasize how serious the situation is. among the things they said was that 30% of cases were connected to the hospitality industry so if there are no restrictions and we are expecting the

he oecd is the clear venue for accelerating cooperation on the profit shifting. coming to the table by saying we did some international reforms in 2017. want to improve on them and work to make it more of a global concept, would put us in a very good position. limate change, we all know, is an international issue. it's also a critical economic issue. goal there is to take steps ike border adjustment and the like, that could protect economy that is choose to deal more with incentives ge, give to economy that don't do as much and to imate change, make sure that's done in a so ally agreed upon manner, it doesn't lead to unraveling of rules.bal trade i'll just list one more policy a very hink has important international dimension, and that i've worked and a lot on personally that's competition policy and digital competition. united states has the right central goal for competition policy, which is a welfare.consumer the problem is the united states hasn't lived up to that goal. efforts around the world to redefine how to do competition, to include a regulatory on app

corporate tax rate, which we currently enjoy -- and, again, it's still above the 37 countries in the oecdat i might have experienced four years ago when i was looking at anage sis as to where to place manufacturing. maria: my thanks to joseph wolk of johnson & johnson. don't go anywhere, we're talking before nexium 24hr, anna could only imagine a comfortable night's sleep without frequent heartburn waking her up. now, that dream... . ...is her reality. nexium 24hr stops acid before it starts, for all-day, all-night protection. can you imagine 24 hours without heartburn? so you're a small bor a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. that's it. i'm calling kohler about their walk-in bath. [ sigh ] not gonna happen. my name is ken.

jobs and there have been warnings coming from the likes of the international labour organisation, the oecd warning, this time from linkedin, and according to them, the recovery in the labour market is stalling and avoiding lockdowns is not necessarily going to help to savejobs. joining me now is karin kimbrough chief economist, linkedin. a few things to work through but i'm interested in the point we drew up their that avoiding lockdowns isn't necessarily going to help? that is right. avoiding a broad—based lockdown to preserve economies is not going to help. we see that in looking at sweden, brazil, both of whom avoided hard lockdowns and yet still facing problems with getting hiring rates back up with getting hiring rates back up and seeing a consistent momentum of growth. conversely, in france, which did have quite a few lockdowns and going back into another one, they had a much more robust hiring recovery. in either sweden or brazil. so no real reason to think that one type of approach to containing the pandemic is going to preserve your economy. right, what will help most? we said at

elements of the iea is a strategic stockpiling of petroleum not only in the united statesbut all our oecdllies do that in coordination with the international energy agency . and obviously that took an act of congress to set up the strategic petroleumreserve . but i think that most people would recognize it that a bipartisan success over decades . how does that strategic petroleum reserve differ from the national defense stockpile and should the national defense stockpile be expanded to take on a role similar to the strategic petroleum reserve, would you need you mentioned authorities for funding, is there a pathway to make that happen and let me just mention that would course provide security but also market certainty. i mentioned earlier whenever there's a minor processing facility not just in the united states but around the world that looks like it's going to make progress on the supply of strategic critical minerals the chinese actually aggressively worked to shut that down by flooding internationalmarkets . so this is an important issue for national securityeconomic security , what's

tell me, are you putting your hat in the ring for the oecd role?: look, i am focused on selling our budget today. there will be an appropriate time to make these sorts of decisions, and depending on that, make relevant announcements. i turned my mind -- i will turn my mind to that at the appropriate time. haidi: is it a role that would interest you, hypothetically of course? [laughter] i have got a very important rule not to make commentary on hypothetical scenarios so i turned my mind to this or any of opportunity after i left at the appropriate time. shery: you cannot blame us for trying. thank you very much for joining us. we have breaking news. an alert on the bloomberg. we are getting apple now reacting to the house panel, proposing those very, very strict recommendations when it comes to the overhaul of competition law in decades here in the u.s. apple saying they vehemently disagree with the committee's conclusions. they don't have a dominant market share in any category. apple also saying that the app store enables new market, products, and

tax rate which we currently enjoy -- and again, it's still above the 37 developed countries in the oecd. it's no longer a head wind that i might have experienced four years ago when i was looking at an analysis as to where to place manufacturing, where to place scientific intellectual property. we were facing into in the u.s. about a 15 to 20 point headwind that had to be overcome in the analysis. that's no longer the case and we can go right to where the talent, the work ethic, the ingenuity is. that's a tremendous advantage and that's one of the things we think needs to be preserved. maria: i think people want to have a comfort that they will be able to get the drugs that they need. i mean, to think that ibuprofen and penicillin is made in china at some companies is a worry. so you feel there are efforts underway in that regard? >> i believe so, across the industry, yes. again, at johnson & johnson it wasn't an acute problem for us. maria: it wasn't an issue. >> it wasn't an issue. but i do believe it is happening across the industry. maria: tell us about your allocation of capital, w

the oecd said some sectors of the economy had recovered strongly since the lockdown in the spring.abs and lobsters come from british waters. his grandfather fished off the coast of scotland. his father, in the channel, like him, but he is worried that the ebb and flow of post—brexit trade negotiations is threatening to sink boats like his. translation: we are devastated. so disappointed. if we can not enter british waters, it is practically the end of our profession. we may decide to flex our muscles. we got in trouble before for blocking the port of calais but it is something we will discuss. britain reportedly wants to change the way its fish stocks are allocated and taper off eu catches over several years. france has refused any compromise. no deal is better than a bad deal, it says. the eu chief negotiator has pleaded for some wiggle room but trust is in short supply. we do want to trust the uk but we have seen in the last weeks regarding the agreement is extremely worrying. there will be no agreement on the future relation if we don‘t have full confidence and respect on the fi

all oecd countries have restricted admission to foreigners because of the pandemic.n expert on eu migration policy says the closing of borders hep people realize the integral rroles m migrants play in socie >> these people on the front line have been those that make it possible for our societies and people toto contitinue livi during thhe lockdown. this is also a different message which is extremely important as well. pascouau added the pandemic could be a turning point for some countries to have more inclusive policies for migrants. >>> u.s. president donald trump says the u.s. would remove susan from its list of state sponsors of tear rirk as soon as the african country compensates victims and their families affected by attacks on u.s. embassies in 1998. trump announced on monday that the sudanesse governmement has agreed to pay $335 million. washington has accused former al-qaeda leader osama bin laden for the attacks on the embassies in tanzania and kenya. the u.s. courts ruled sudan supplied assistance. sudanese prime minister says removal from the list will hel