peter: holy... allison: yeah, that's a little -- [ laughs ] lemonis: this building is gonna cost me just under $1 million, and i'll have to spend another $1 million to get it right -- a $2 million investment. i've already spent close to $4 million at sweet pete's, and this will take my total investment to $6 million. peter: you could take the third floor and make that retail space, too. lemonis: in order to be successful in business, you have to be willing to take risk. but it has to be somewhat calculated. we know we need more storage, and we know we need more classrooms, and we know we need more retail. most of my money is going into real estate, which is a lot safer, but i also know that people like fun and they like candy. it's not a fad. it's here to stay. all right, let's head back. so, the first quarter in 2015, we did $538,000 compared to like $35,000 the year before. -allison: yeah. -peter: that's a big difference. oh. lemonis: with this business doing as much as it is today, what would you

peter: you refer to it as a utility. do you see it as a utility like plumbing and electricity and streets and things like that? rep. clarke: well, it's something we use, but it is more of an infrastructure. i think before -- i think we look at communities that are already wired, broadband has been deployed, ways in which we can maximize on that infrastructure to advance health, build a better quality of life for our citizenry. when we talk about the smart cities caucus, i always say slash, for our communities. this can be applied in urban and rural areas, given we have the appropriate infrastructure built out. peter: do you see congress having a role when it comes to funding smart cities? rep. clarke: well, i think we do. i think we can incentivize our partnerships with the private sector, many of which already have a lot of that infrastructure built out in different parts of the country. but there's gaps. in order for us to be fully integrated and fully utilizing and maximizing technology in all of its permutations, it'

peter: gopal. gopal: speaking of huawei, one of the things that i think some of the smaller telecom companies, both here in the u.s. and elsewhere have said, the advantage of using the huawei equipment is it is much less expensive. two, they are providing this 5g bandwidth that is most ideal and can propagate long distances. for example, in rural part of oklahoma, it is probably more cost-effective to set up huawei equipment then some of the more pricier ones. are we doing the right thing here, but are we balancing those two kinds of needs? or do you think the danger of working with, like you said, a communist party-led company to dangerous to consider that balance? rep. lucas: if i thought there was going to be dramatic changes in the chinese political model, i'd probably have a more accommodating attitude. i'm old enough to watch the video clips of tiananmen square. i have a sufficient understanding of the different political models, that i don't see them adopting our western culture in a variety

peter fisher is with us.rom a market perspective, we are looking at a situation where this is surging higher despite what's happening in the united states. what do you make of the disconnect? peter: there are two parts. explicitlyicitly and how energetically the fed is targeting financial conditions and trying to influence them. it's been part of their response to the covid prices -- crisis to try to pump up asset prices and they are having success with that. they should call it what it is, but i think that's part of the disconnect. another part of the disconnect is that wall street does not look at what is happening in a lot of neighborhoods. that's a shame but also a fact. i think over the coming months, the anxiety of the rioting in the social tensions are creating and reflecting are going to end up getting embedded in household confidence. we have the shock to consumption from my covid lockdown, the cessation of economic activity. that's another reason that people hold onto their savings a little longer a

peter? obviously one of the consequences of the situation we find ourselves with covid is its impact on the economy. the president, that's why he's been pushing to reopen things in spite of the numbers he has seen. but how are these closures impacting the hotel and restaurant industries over your shoulder we can see what would normally be a packed cafe on a gorgeous morning like this. instead, these places are deserted. >> if you've been to miami beach, certainly to ocean drive, you know packed under normal circumstances. over my shoulder you see it's pretty bare right now. that particular hotel, the clevelander over my shoulder, just a very popular, almost iconic hotel for partying here in south beach. i talked to one of the managers. as soon as they made the announcement, the beaches were going to be closed, people were canceling reservations left and right. 80% of their business is in some fashion tied to the beach. i bet if you walked up and down and talked to a lot of the restaurants an

that is all we have from peter navarro.ll of this coming as we see the pandemic pushing worldwide million.s above 9 investors are looking toward a recovery as economies reopen. tokyo disneyland is reopening on the first of july. we openings are taking place. other places are closing down. guests sharing their views on what the recovery might look like. you also see a big v in terms of the economy going up for the next few months because it has been closed. >> i think we are going to begin a recovery certainly by year end. i do not think will be back to anything close to a normal economy into the second half of 2021. >> you are going to have a third quarter that is going to be stronger than the second quarter. the second quarter is going to be like the trough. it is going to look like there is recovery. there is going to be some expectations. there is going to be some enthusiasm. >> the market is fragile. just that little something may cause a wobble that people are not ready for unless we continue to have the stimulus. rish

what i would say, peter, is go study utilities.o study regulation around utilities and tell me what about that world you think is attractive for putting broadband into? that is infrastructure doing very poorly in the united states. america is a society of engineers, and they rank the infrastructure badly. you think the highways are in great shape or airports are in great shape? you think prices should be regulated? prices in electric utilities have increased on average at a higher rate than broadband. i think the country should ask itself, it's done an experiment -- i think one of the critical structures was regular differently and created spectacular results. i am ready for someone to tell me why the utility model offers some improvement over what we are able to accomplish with the model we have. if you could persuade me, i'm happy to listen, but i've never heard that argument. i think we have made it religious. like if you are liberal and believe in big government, you should believe in broadband as an infrastructure as some kind

peter? peter: hi, marcus. i'm peter. lemonis: peter, nice to meet you. i'm marcus. peter: yes.onis: how are you? hannah: hi. hannah. lemonis: hannah, nice to meet you. taylor: i'm taylor. good to meet you. good to meet you. these are the dogs. this is domino and zeus. lemonis: are these greyhounds? taylor: no, they're actually whippets. max: who's for tea? i'm making some. oh, you're here! hi! taylor: this is max. lemonis: how are you? max: lovely to meet you. lemonis: i was meeting the company mascots. max: oh, yes, our fur babies. lemonis: they normally have this kind of disposition? max: yes, they're very calm. lemonis: do they take on their owner's disposition? max: probably not. [ laughs ] lemonis: okay. max: kathleen, she is working as our sort of interim cfo... lemonis: great. max: ...to help me with numbers. lemonis: this is nice. taylor: it doesn't look like much from the outside. lemonis: but it's pretty inside. taylor: yeah. lemonis: what is -- max: oh, this? this is my mood board and my inspiration board. and it's the kater family. it's kind of murchison-hume world.

you soe: peter, thank much for your time. peter dixon, commerzbank level equities.nd we will have more exclusive reporting next. this is bloomberg. ♪ francine: this is "bloomberg surveillance." carlos ghosn has always said he has always been set up, and there may be evidence that support his claim. bloomberg has learned there may have been a campaign -- that hime is a campaign against that started last year. thank you so much for joining us. there is a great piece, and i know many months of investigation went through into this. give us a sense of what this actually means. does it show that there was a methodical campaign to remove the powerful executive from office, or does it actually also say through our reporting that he was not guilty as charged? there are two separate issues. one is, where the motivations of killing off a possible merger an intensive merger romo forissan and moving against carlos ghosn, or where there also allegations of financial impropriety that the tokyo prosecutors came forward with. these emails, documents, and interviews with people who w

francine: peter, thank you for joining us today. peter dixon from commerzbank.we will speak with andrea amann. that exclusive interview, shortly after 10:00 a.m. u.k. time. we will track covid-19. we will also look at the price of oil. brush it is expected to make a decision on tuesday. we will have plenty more on the price of oil and plenty more on currency. this is bloomberg. ♪ francine: this is "bloomberg surveillance." a lot goes on. let's take a look at the events coming up this week. while brexit talks get underway today, two sides are in gridlock as a deadline for the transition period fast approaches. alphabet tomorrow hold its annual general meeting. it -- payed payback packet is -- the ecb will release its latest decision, widely expected to produce its -- u.s. futures have oscillated between losses and gains as the reopening of major cities across the country have been impacted by protests, violence, and the imposition of curfews. there have been seven straight days of unrest on the streets after the killing of george floyd by minneapolis police. pres

trade advisor peter navarro saying to the china deal was over.t depends which part of the world you were in. here in london, many -- the dollar surged and stocks fell sharply after these remarks from peter navarro. sharps faced an equally recovery. navarro walks back the comments, saying they had nothing to do with the phase i deal. president trump tweeted that the deal with china is "fully intact."we are joined by the senior portfolio and our future -- portfolio manager. the treasury yield market that you focused on, that was moved just like many others, like s&p futures, the vix, the yen, the dollar, soft commodities. all of these markets moving in tandem, reacting to a story around u.s.-china trade. it is almost comforting, i suppose, that there are other narratives that will cut through the market thinking right now other than a second wave of the virus. it shows how sensitive the market is to headlines around u.s.-china trade. the fact that trump walked back these comments so quickly illustrates that the u.s. administration is trying to find

maria: we will see you soon, the professor, don't go anywhere peter navarro is up next, stay peter navarro is up next, stay with us for the interview coming when you think of a bank, you think of people in a place. peter navarro is up next, stay with us for the interview coming but when you have the chase mobile app, your bank can be virtually any place. so, when you get a check... you can deposit it from here. and you can see your transactions and check your balance from here. you can detect suspicious activity on your account from here. and you can pay your friends back from here. so when someone asks you, "where's your bank?" you can tell them: here's my bank. or here's my bank. or, here's my bank. because if you download and use the chase mobile app, your bank is virtually any place. so visit chase.com/mobile. and it's bigger than selling cars. we're here to build for the people who build and shape this country. who work hard. who do right by others. who never give in. there's always some new challenge trying to take us out. to shake our resolve. and if you're out there fighting throug

peter is a mature and serious person. he is -- he's not an especially good politician, but i don't think that's what this job requires. he's more of an intellectual, as i think you'll see this morning. he exercises power intelligently and nonemotionally. and he has extraordinarily able and good judgment, and i think that's what we want in an inspector general particularly at the cia. so again, it's my pleasure to be here today. and for what it's worth mr. thompson has my highest possible recommendation, and i appreciate your time. >> thank you. and thank you for that presentation. senator cornyn, i understand you'll be presenting senator cassidy's remarks. >> thank you, mr. chairman. senator cassidy did send a letter recommending the nominee and he asked me to read it if you'll indulge me for just a few minutes and then i'd ask consent it be made part of the record. i'm writing today to express my strong support for peter thompson to become inspector general of the central intelligence agency. peter has a long and disting

matt: peter coming you are going to stick with us. more to come from peter kinsella.coming up, we will talk about america's jobs report and what investors have to look forward to after that. ,eassurance from fed chairman jerome powell is what they would like. we will discuss. this is bloomberg. ♪ matt: welcome back to bloomberg markets, this is the european open and we are 10 minutes into the session. 10 minutes in. bloomberg business flash. top corporate stories. potentially the biggest firm a deal ever. sources tell bloomberg astrazeneca has approached gilead about a potential merger. in the very early stage and there have not been any formal talks or terms and we are also told that gilead is not currently interested in a big merger. a spokesperson for astrazeneca says the company does not comment on speculation. the u.k. is prepared to tighten its takeover laws. reports the government will introduce new legislation to force companies to report attempted takeovers that could produce security risks. the plan comes as boris johnson looks to reduce the nation's relianc

peter: we have a strong balance sheet for what we do.eason to issue more shares is if we saw a substantial acquisition opportunity. in our sector, we are much number one, but we see some acquisitions in our future. we will be looking at those closely. vonnie: our thanks to peter grosskopf, ceo of sprott. a programming note, join bloomberg for the broadcast of the boston pops fireworks spectacular. carries on the fourth of july traditions from the comfort of your own home this year. starting at 8:00 eastern, on bloomberg television and bloomberg.com. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn in new york. reported a record jump in coronavirus cases. miami beach mayor told bloomberg that florida needs more than what it is getting from the federal government. >> the messaging from washington has not been help everybody else, help yourself. don't wear a mask, or stand up against this or that. it is so unhelpful. we need direction and leadership. is shimaoining us now hamidi of the johns hopkins school of public

john hendel, go ahead. >> thank you, peter bread thank you chairman powell. to keep with the coronavirus pandemic a little bit i also wanted to turn to the fcc to keep american connected pledge and this is something that chairman pai put forward back in march and essentially asked isps do not cut off consumers who might be suffering financial hardship due to the pandemic and there are a couple different pieces to that. he has extended that now a bit through the end of june and that is coming up relatively soon. i am wondering how is your membership be doing that and is there concern about extending beyond june and does congress have funding for that? what are you hearing right now and consume helping consumers and the cost to do it? i know most don't want to cut off when one might have a rough time right now but, you know, what about the past, is it feasible to keep going and if so, how long? >> guest: real commendation to chairman piper he jumped on this quickly. as were all the companies were rapidly going to in acceleration to deal with these changes and h

would that be right, peter?c recruitment from wales and scotland and northern ireland, it has been a huge national effort. good, thanks very much, everybody. thank you, daniel, thanks, all. studio: so the end of the latest coronavirus downing street briefing, led the prime minister. let's remind ourselves of the main points from today's downing street briefing with the prime minister. he announced "the biggest breakthrough" in finding a coronavirus treatment proven to reduce the risk of death. the treatment is that steroid called dexamethasone. it cuts the risk of death by a third for patients on ventilators, and for those on oxygen, it cut deaths by a fifth. mrjohnson said they have enough supplies even in the event of a second wave. this comes as a further 233 people died in the uk from covid—19 — taking the total death toll to 41,969. let's speak to our political correspondent, chris mason, who's in westminster. you were watching and listening to all of that. good news on dexamethasone but let's just talk abo

by the way, peter is the author of a book. let's get his book back. it's called "the death of politics how to heal our frayed republic after trump." i wanted to make sure i get that in. good evening. john, we have been hearing there

let's bring in our correspondence peter bowes.i don't know if you're watching these pictures, i am. i'm sure love people around the world are. what is president trump doing? do we have any idea? as you just said, he finished his remarks by saying he is going to pay respect to a very special place. seems are seeing right now are quite extraordinary and they do explain at least to some extent like what happened about 30 minutes ago outside the white house occurred and that was a tremendous presence by the police and the military on the clearing crowds from those streets. we heard rubber bullets being shot into those crowds, tear gas thrown into the crowds to disperse. this was a peaceful protest happening outside the white housein happening outside the white house in the moments, indeed the seconds, before the president came out to speak. the fact now that the president is indeed himself on those streets at least explains the dispersal of the crowd, but precisely what he is doing and what he is planning to do over the next few momen

>> reporter: kristen, peter, good morning. recall for weeks all the governors of florida and texas have said is the last thing they want to do is roll back reopenings. and in fact governor desantis here in florida said he wouldn't do it but with the reality of cases surging right now bars and even beaches in miami over the holidays are closing. in florida, weeks of surging coronavirus cases reached a new high mark. almost nine thousand cases in one day. leaving governor desantis to pull the plug on bars. >> non spread compliance and that led to issues. >> reporter: in miami the beaches closing for the holiday. as the mayor bracing residents for potential severe roll backs. >> we're in a hot spot and remain a hot spot. we don't have at in the tool kit to stop this. >> reporter: -- for one delray beach bartender. >> you cannot keep shutting down a town or a city or a state or a country and expect things to just come back to normalcy. it is never going to happen. >> reporter: texas taking an even more aggressive stance with gover

you're absolutely right peter. there really is very little excuse for this rioting i mean if we go back to the events of last week. the 4 police officers were fired immediately it was just you know as soon as it was over that they were fighting we did it. every single commentator in the united states condemn this i mean even the most right wing commentators the the pro police crowd the sean hannity rush limbaugh judge jeanine pirro they all condemned so there was no attempt to say oh you know this was you know this is understandable reaction on the part of these now if you contrast that with what happened 3 years ago same city in minneapolis when a young australian woman white australian woman who was shot dead by a black police officer the black police officer was apparently threatened by a woman in her night gown and he shot her debt. there were no protests there were no riots there were no condemnations of anyone even knew about this event the police officer was placed on suspension and on full pay it wasn't pla

thanks very much, peter. tom, ishould also themselves and others. thanks very much, peter.of support for passengers and people will have turn up and forgotten them, so there will be plenty of publicity in advance and there will be notices all over stations and other transit areas. we have the british transport police, network rail, transport for london, they will be hopefully reminding people and peter deployed an extra 3500 people in total to remind passengers, and we will introduce volunteer journey makers who passengers, and we will introduce volunteerjourney makers who are literally volunteers who are also going to assist in reminding people about the need to wear a face covering when you travel on public transport. but i think, overall, we fully expect that we are changing the rules to do it, but we expect that people will want to do it because we all want to defeat this disease. you asked me a secondary question about aviation and the quarantine. i think most people just recognise that having worked as hard as we have, and i announced in those statistics that i was pr

peter's already got a copy of it. has done that in and displaced the career officials who do that with political who have tried to hold up the book and now they have gone to court to try to stop him. it won't work, but it shows a desperate and frankly incompetent administrative move. >> and peter baker, your paper, i think, has reported that the manuscript was cleared by -- it did get cleared, right, on national security questions. before they decided to unclear them and seal them? >> yeah, our understanding is that he went through the whole prepublication review process with the official charge with -- or reviewing these kind of manuscripts. they went back and forth. this official sent him, you know, places that they need to be changed and her review. he made adjustments in accordance with those requests. another round whappened, anothe round happened. and as far as he understanded, according to his lawyer, they had no further requests for changes in the book. but they refused or at least failed to give him a final w

it's truly humbling, , peter. it's reminder that nature is extraordinarily bigger than we are, a moral comment sensitive, and one of the greatest concerns i thought all along is whether we as human beings were able to process properly the danger and seriousness of the virus, the threat it poses to mankind. no, i have seen anything like it because, , unfortunately, it isa thing that does not respond to typical human solutions or responses, and i don't think it is temporary as things that we have come to be use to. >> host: let's bring john hendel into our conversation. he covers technology for "politico." go ahead. >> thank you, peter. thank you, chairman powell. to keep with the coronavirus pandemic, i also wanted to turn to the fcc keep america accepted 12:30-2:15 eastern this is something chairman pai urged, put forth back in march and essentially asked isps to not cut off consumers who might be suffering financial hardship due to the pandemic. there were a couple different pieces to that. he has extended that a

maria: we are back with white house trade advisor peter navarro.t to talk you about the chinese communist party, you made a lot of good points in terms of your recovery in america but china is perhaps using this covid shutdown opportunity to gain more territory as we speak you have forces on the border between china and india facing off against one another, china invaded india, they are overreaching in hong kong as you know breaking a promise that it would be two systems for 50 years and they have militarize the south china sea. this on top of everything else that you brought to everyone's attention like property theft among other bad behavior from the communist party, how is america supposed to deal with a partner who keeps breaking promises and tries to use a pandemic to their advantage. what is the plan? >> that is the central question and if you go back historically, is a well-known fact speak truth from fact, it is a well-known fact that china historically has used crises to basically to use its own strategic an territorial agenda per the 1962

peter strzok's notes show three key things.he notes indicate james comey said at that meeting the phone calls between michael flynn and the russian ambassador, quote, appear legit. joe biden appears to raise the idea of going after michael flynn based based on the lowing ban act. barack obama orders, the right people still investigate michael flynn. for reaction house judiciary ranking member, jim jordan of ohio backs with us. great to have you back on congressman. your reaction to all of that? >> this is the day that is happened. elizabeth: what is your reaction? >> this, you said it best, liz, january 24th, 2017 the agents doing the case on michael flynn wanted to drop it there was nothing there. this is the date they decided, no, no, we will go after him. remember what we learned about joe biden last few weeks. we learned joe biden who was one ever 38 people in final month ever obama administration who unmasked michael flynn's name. biden adopted crazy idea of the using logan act to pursue michael flynn the dade they decided

>> good morning, peter.he rise in cases in states all over the country is quite concerning amongst the public health community. to your point, we think it's multifact torl, a come newsmakers of loosened orders, protests, memorial day as well as increased testing. the increased testing is detecting what's already out there, so there's clearly community spread of the virus which drives home the point that people need to continue practicing these public health measures, the physical distancing, covering their face and the hand hygiene, peter. >> can i ask you about what "the washington post" has been reporting today. they talked to a would madge, i think melanie montano, who has been having these symptoms, dealing with coronavirus for more than 60 days, all the symptoms we heard about. but with it the frustration that she can't kick this thing. what's the best research? some people can be asymptomatic, no symptoms at all, and others can have it literally for months. >> frustrating not only for patients, but for

joining mess is peter boockvar and jeff kilburg peter, i start with you. what do you make of it >> well, in perspective, the s&p 500 is essential back to where we were two weeks ago. i think we have taken out a lot of fluff, and up on the nasdaq obviously in january, 2020 was estimated to be quite different than its turning out to be estimates for 2020 in january expected to be 170 billion a share. while it's a throw-away year, we're talking 120 to 125 so everyone is crashing their heads, why are we at this level? the count case is certainly a reminder it will still by a bumpy road we'll see over the next couple months what the state of the economy will look like as we reopen sentiment got very extreme, the city panicked -- and also, as you mentioned all the speculation going on in a lot of the bankrupt companies was just a sign of froth. we were due for this wasn't expect it all to happen in one day, but this is the type of market you're in when you have a vix around the 25 to 30 level. >> yeah, still pretty high jeff, i'll bring you in on that. as peter

hello and welcome to cross talk we're all things are considered on peter lobell rage and description fear and despair how has the united states found itself in such a state of turmoil growing income inequality systemic racism or poison politics take your pick what is the difference between a protest and a riot and is it accurate to say the us is becoming a failed state.

gentlemen, thank you for being on the communicative cricket thank you, peter. >> thank you, peter. >> tonight on "the communicators" ncta president and ceo michael powell. >> we shouldn't make the mistake thank you because something is important, is utility. we are a little too fast concerning those are the same things. i think private infrastructure is extraordinary extraordinari. i don't think it's a luxury. i think it's an essential service for most americans. >> watch "the communicators" tonight at 8 p.m. eastern on c-span2. >> widest press secretary kayleigh mcenany has scheduled a briefing today. we expect questions about the president rally in tulsa as well as the firing over the weekend of the u.s. attorney for the southern district of new york that is set for one p.m. eastern. we'll have it or your life when it starts here on c-span2. >> the senate returns today at e debate on the judicial nomination of mississippi korey wilson to be a u.s. court of appeals judge for the fifth circuit. a vote to advance the nomination takes place at 5:30 p.m. eastern. later in a in the week d

come on, peter. so we are giving maine back a big part of it history,, -- hi story, a big part of it industry. we are giving you back your fishing rights. 500 square miles. that is a big chunk of water. say hello to the people of main.e they were very nice to me. i appreciate it very much. you are getting a lot more than i am, okay? good luck everybody. they will work on those other things with peter and david. okay? [applause] president trump: pass them out. got them? .e will take that &a, the night on q daughter of a former four term alabama candidate george wallace, talks about her father's controversial career and what inspired her to write her recent book. >> in 1996, we took our youngest son who was nine at the time to the martin luther king museum historical site in atlanta. we went to his church and to his grave. we went over to the museum. it was being newly constructed at that time. and we were going through the exhibits. we came to the alabama exhibit. it showed the end amend pettis bridge

i've sat through these meetings with peter. the two of us have winked and nodded and given each other high fives. we're here, so thanks, speaker, and thank you chairman. >> thank you and as mr., two distinguished chairman know with the interest rates where they are now, there's never been a better time for us to go dig. to think big as the head of the fed has said to us. think big. with us a person who's been with us through the emergency and the mitigation and now the recovery, mr. pallone. he has the health piece in here. issues that relate to infrastructure, broad band, for so many reasons, i yield to distinguished chair with gratitude. thank you. >> well, thank you, madame speaker, and let me thank you for your leadership as we work to finalize the moving forward act and i know that you've always stressed that we need to do infrastructure and how it would jump-start our economy, stimulate the economy, particularly now more than ever in the aftermath of covid and the many jobs that we've lost as a result of the pandemic and

>> reporter: well, peter, it's interesting. we watched the president and the white house defend the decision to do this rally on june 19th for two straight days amid criticism, but clearly the president and his team decided that holding the rally on juneteenth, on that holiday, would further inflame racial tensions in this country that he is already dealing with right now, and so delaying the rally by a day is an effort to try to avoid something of a race fight in tulsa, which has its own history, of course, of racial relations. >> and so let's talk more broadly about these protests that we have seen. president trump, as nbc news reported overnight, has apparently referred to the protesters as saying, quote, these aren't my voters. the president clearly views this through a political lens. take us inside the white house, phil. what are some of the deliberations right now about how to grapple with this? >> reporter: well, that was an extraordinary revelation that he would say that those protesters were not his voters, not his pe

peter: i remember that mindset.so great that if there were to be bad data from the jobs report, and expectations of further stimulus would increase whereas if there is slightly positive signs or less bad signs from the jobs report -- what the market is trading now is the change is the change and not the level of the economy. if the deterioration starts to flow, the market will view that as positive and i think you will get more going into this risk on is early, it think is going fast but i think there is still evidence of more capitulation to come from this risk on trade. matt: what about the amount of cash on the sidelines? jp morgan a couple of days ago talked about trillions of dollars out there. the same mantra we heard in 2009 that powered that rally. and he also said that only 40% of investors or investors are only 40% interest did in stocks and they expect that ratio to rise to closer to 50%. do you agree? peter: i think the logic makes sense. i also see the evidence that cash valances are large. thereestion

peter, thank you very much for that.own until now, just a short distance from stonehenge. fieldwork has revealed 20 or more massive shafts, excavated at least 11,500 years ago. jon kay reports. it's one of the world's most famous sights, yet so much about stonehenge remains a mystery. but are we finally getting closer to understanding? it's this site, two miles away, that archaeologists have been examining, an area known as durrington walls. using ground—penetrating radar, they've been able to look deep into the earth and discovered what could be one of the uk's largest prehistoric sites. a ring of around 20 shafts, dug more than 4,000 years ago, around the time stonehenge was built nearby. these are 20—metre diameter, at least 5—metre deep, sometimes even deeper, we think, shafts or pits that have been dug into the chalk and are oriented in kind of an arc, both to the south and the north of durrington walls. the orientation of them, the spacing of them, would suggest that they have some organised sort of ritualistic rea

he is quick, peter, to point out bad cops, as he calls them. it's more convenient if they have names like comey and mccabe. but he is much more hard pressed to point out examples of bad cops in the 22 days since the death of george floyd. >> yeah. you hear very dichotomous messages coming from this president when it comes to the subject of law enforcement in this country. for three years basically we've been hearing him talk about dirty cops. that's the phrase he uses. you know, he talks about corruption in law enforcement. he talks about how police and prosecutors shouldn't be allowed to flip witnesses, and people are being unfairly prosecuted. but when he's talking about that, he's talking about his own associates, himself. he's talking about his campaign. he's talking about anything that he has personal experience with, in which case he sees what he perceives to be anyway the injustices of the system. when it comes to everybody else, you don't hear a lot about that. the police, he said last week, are 99.9% good. today he said the percentage

peter struckgs noted three key things.ames comey saidid at that meetg that the phone calls between michael flynn and the russian ambassador "appear legit." then joe biden appears to raise the idea of going after michael flynn based on the logan act. third period barack obama then orders that the "right people still investigate michael flynn. go to house judiciary ranking member jim jordan of ohio back with us. great to have you back on, congressman. your reaction on that. >> you said it best, liz, january 24, 2017, when the agents doing the case on michael flynn wanted to drop it because there was nothing there. the date they decide, no, no, no we will go after him. remember what weil have learned about joe biden in the last few weeks ago. ase of the 38 people in the final months of the obama administration who unmasked michael flynn's name. today we learned that joe biden is the one that suggested this crazy idea of using the logan act to pursue michael flynn the day they decide they're going to continue their effort to g

peter, thank you very much that.ounced the most significant easing of coronavirus restrictions in england since imposing a lockdown in march. from july the 4th, the 2—metre social distancing rule will be reduced to im. pubs, restaurants, hairdressers, cinemas and museums will be allowed to reopen, provided they follow safety guidelines. mrjohnson said he would take "full responsibility" if the relaxation of measures backfired. laura kuenssberg reports. moving to a new sort of normal. in england, at least, from next weekend the pumps will flow, glasses will chink, a symbol there is life after lockdown — you will be able to raise a pint. i'm really happy and excited to reopen and see our regular customers. a sense of relief is the biggest thing. we were kind of at a point where it was, like, make or break, so, for us, really happy. are you taking a gamble with public safety, prime minister? exactly three months after the deadly virus derailed everything, the disease is judged by number 10 to be fading enough to open ma

one thing we need to spend some time on is what happened with peter navarro. crude oil is sliding with other moves reversing, navarro said his remark was taken wildly out of context and had earlier said that the china trade agreement was over. we have data points that address that there is a sign of recovery from the virus, and joining us to talk about market moves, but also to talk about runaway inflation is philipp hildebrand. he's with blackrock and they are holding their sustainability summit today. thank you for coming on to have this extended conversation. what kind of economic recovery are we expecting to see? the more it falls the quicker it recovers? philipp: we will have a big contraction. by year-end we will look at -6% to a, if you compare that normal batter session you can see that this is a historically unique contraction. the market has priced this in, it's almost mechanical, once you shut down 20% to 40% of the economy, that's what you get. we will see some strong data coming through as the economy reopens, particularly in europe. we need to ke

$18.17 well joining me now to discuss them both co-host and investigative journalist ben swan and peter schiff c.e.o. of euro pacific capital. ben or peter i'm sorry let's start with you let me ask you how much of the slowing of this gold and silver prices is due to the easing of the coronavirus restrictions and not just in the united states but globally. well i don't think it really relates that at all i think what we have had is a rally in global stock markets we've also seen a bit of a sell off in the dollar and some of the other safe haven currencies like the japanese yen and the swiss franc and i think that the gold got caught up in that a little bit as well as enthusiasm for the u.s. stock market but remember the only reason the u.s. stock market is going up is because of the fed we have bad economic news now we have the riots the looting which is making a bad economy worse and so the worse the economy gets the more money the federal reserve prints and so the more stocks investors want to buy but when the fed is creating inflation you're better off buying gold in the s. and p. $50