remi: in the u.s. it really is a tech story. what is really our base case?ur base case is we can only see a v-shaped recovery if a vaccine comes through earlier than expected. the v is related to the vaccine. that, we resume the trick trajectory -- the trajectory we are in at the moment. that is an environment of slow growth and deflation. an environment of excess liquidity. that favors those companies that are able to grow their earnings in an environment where growth is down. our base case is still tech, which lends itself to the u.s.. we see that vaccine come areas have value on their side. that would be very good for industrials, for materials, for energy. financials, that should be good with financials. the problem is the financial sector is also very exposed to the implications of the lockdown. vaccine, weo see a are likely to see more of that. nejra: china's domestic recovery continues. the manufacturing outlook improved in july. ♪ nejra: this is "bloomberg daybreak: europe." we will get data from the euro area with gdp and inflation. analysts expect

a number of earth shattering, world shattering events that have taken place, which just remi reminds you of how important it is to work on these documents. that each one of those needs to be documented. >> in your office, it's very quiet. is this the new norm now for the next two months? >> it's been me and the security guard since march 23rd. virtual and i'm learning a lot about people's pets and their phone collections and things like that. trying to communicate with the staff virtually on a regular basis. so they're starting and planning to see light at the end of the tunnel. as important as those have been, it makes me nervous about the social distancing aspect of things and keeping my fingers crossed. >> the archivist of the united states. joining us from his office here in washington, d.c. thanks for being part of this american history tv discussion. >> thank you. >>> this is american history tv on cspan3, where each weekend we feature 48 hours of programs exploring our nation's past. >>> on first ladies influence and image, scholars talk about the influence of first lady, elea

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. >> remy cointreau was boosted by resilience in the key spirits division it expects strong performances in u.s. and china to support a recovery in the second half. >> givaudan expects an uptick. the world's largest creator of beverages and took a hit in the perfume category the ceo told cnbc the company's resilience is thanks to its diverse portfolio. >> translator: we actually flavor all types of products so the less resilient part is fine fragrance and food service given that most restaurants and stores were closed. that was a very sharp decline on sales for roughly more than 15% of our sales but on the other hand, on the 85%, we frag raran and flavor many by residing at home that's what i call the natural hedges >> saying sales plunge 40% year on year to 6.6 billion in the second quarter auto companies halt amid the pandemic the preliminary results showed the company was burning money r rapidly. declined from providing an outlook for the full year. in the banking space, ubs has posted an 11% drop as the swiss bank was hit by retail and corporate lending. earnings still beat expectati

fromt to get you some news remy cointreau, lifting guidance after a better-than-expected first quartere headline, lifting first half guidance. it repeats that the u.s. and china are two drive a stronger recovery and in terms of organic sales, a decline of 33%. yesterday was a drop of 43%. that is obviously coming in a little bit better-than-expected. resume share buybacks in the fourth quarter depending on the outlook at the second half. let's get back to our top story. after four days of tense negotiations, european leaders have agreed on a landmark stimulus package. statesebt to help member mitigate the economic downturn from the coronavirus. maria tadeo is in brussels. run us through the details. maria: we have a deal, it has taken five days. the 5:00 agreed at a.m. our. it fell short by just 25 minutes of a record. when you look at the actual details, we have a recovery fund of 750 billion euros. the components which have been -- the figure that was floated as a compromise yesterday, and the rest will be handled through low credit to countries badly hit by the coronavirus. we are s

off to him and he was arrested police are trying to establish the motive it's just one of 50 vehicle rémyincidents reported in the u.s. in the last few months turkey is increasing naval cooperation with the un recognized government in libya defense minister who see soka made the remarks while inspecting the turkish ship of libya's coast last year turkey signed a maritime deal with the tripoli government there's been tension with france and others in the mediterranean so if you soldiers have been fighting with the government of national court against the wall of relief after. japan tokyo's governor looks to retain her post in sunday's election june part to her handling of the pandemic unicode cokie is the 1st woman to lead the japanese capital and is viewed by some as a potential successor to the prime minister shinzo happy. got more news here not to write off the top 2 octaves. on counting the cost of pandemic decimates jobs pushing many expect stream of us think could have green recovery save the global economy senegal flagpoles but try these crews and few of the overfishing less meat pr

russian architect alexander remy's old has designed a modern day no izaak that could accommodate up to 10000 people. at least water scraper concept comes from malaysia a floating building that would generate its own food and electricity and house thousands but are ideas like lease truly a utopia as we note these would be stopgap measures i don't think people want to live under water that humans are used to living on land. of course it's technically possible to live underwater but i think our quality of life would really suffer. the world's less affluent regions will be hit hard by the effects of climate change. is going to impact a lot. so if they see mumbai is one of them jakarta is one of them was targeted ben is going to have a flood so as for the united nations it's a high high alert actually the whole a shows on the big threat to the ceiling very insular. some coastal areas in asia are already taking steps to deal with rising sea levels jakarta has to more is center in an issue no they have to move the whole city center to somewhere else 40 kilometers of it which is the already wa

remy cointreau raising its forecast for the year. we are all drinking more at home.s is bloomberg. ♪ francine: live from london, i am francine lacqua with alix steel in new york. close" onhe european bloomberg markets. earlier on we had the ubs result. the chief executive spoke with bloomberg's manus cranny and told him they are not ruling out some degree of share buyback. they also spoke about the economic scenario ubs is using for its business model. scenario isess based on economic contractions in the next two quarters, and with a recovery, although not to the same extent we will see in the slow down in 2021 and then coming into 2022. 30% is a severe recession, and this is the one we need to put in our model. s: over the past 24 hours, vaccines and volatility have collided. good of vaccine deliver the kind -- in the market in the second half that the dislocation we have seen in the first half? could the vaccine change the narrative? >> the vaccine would be a better midterm, not the short term. the short term, maybe there is a but -- i do think the reality of what

president to unify the progressive flank, the elizabeth warren weighing of the party with his centrist remy wing. the biting campaign has suggested we are not that far out from the vice president unveiling a plan, and that could come within the short-term. they did not want to put a timeline on it but maybe before the next round of stimulus. jonathan: we would see it sooner rather than later. [laughter] kevin: thank you. jonathan: terrific. the argument. quite simplistic for people. two things. more democrats in congress means more regulation/taxes. another argument, in an economic downturn, you would want a government committed to a long-standing approach on fiscal stimulus, something more sustainable beyond 2020 to '21 and beyond. that is something democrats are likely to push. tom: i will go anecdotal and welcome you worldwide to a corner of a fancy part of new york city, the number two value meal i usually have, i was having a lovely dinner last night that one of the best italian restaurants in new york and the owner said, we are desperate that they move fast. to me, the fiscal thing is

remi?e reasons that we have kind of jumped into this is because we are outside of that. we are based in oakland. and the perception is that the bay area is covered by san francisco. but one of my primary reasons to spearhead this is to get that inspiration from san francisco. and to kind of have other city agencies support us as a community and not prioritize us. if not, at least tag us to get the funds and the resources that have traditionally been devoid of any of that. so i think that is to be recognized. and the other aspect of what we are going to need is a need for such a scale is because as nicole was touching on it, we have the trans and queer community, and the majority of the community is okay. they've been able to hang on to their jobs. i'm not generalizing, but i'm saying that the need that we saw was in the greater community. so we march towards the greater good for the greater number of people. and the data as we look and i keep using the word data but i shouldn't generalize i

remy, let me get your reaction to what we heard from the atlanta public schools commissioner. they've decided not to formally open the new school year with classroom learning. they're going to do it virtually at least for the time being. do you think that's the right decision? >> you know, it makes me sad for those kids, but i do think it's the right decision in georgia. there really are two big things that we think about as to whether it's safe to open schools or not. our goal is to have them open for the kids' sake. but we have to look at the rate of covid-19 in a community. once it gets too high it is not safe to open schools. and we have to look at the preparation of the school system. particularly for public schools it's questions of whether they can maintain social distancing, whether they have enough masks, whether their teachers are prepared to be back, whether they're able to handle transportation safely. things that are expensive and potentially difficult for public school systems. given the rates of covid-19 in atlanta right now, i think it is very much the right de

. >> right and like the level -- my -- river and remy, the little ones, usually are, like, best budsr their best friends, like whatever but it's usually because they go to separate schools, 'cause they're two years apart. and they have time apart and then they come together. this has been like world war iii in my house at times and i literally -- it's been -- i don't even know how to describe it. but one day i was talking to my producer on the phone, and i was like, "one day i'm having the greatest day ever with them. and then they're so sweet and the next day it's like satan incarnate. just -- i'm just like, why are you so mean? i don't understand like i'm such a nice person to you. i don't understand what's happening. and there's nothing you can do there is no magical glitter unicorn that could make it -- you know, that would make the situation better but it's, you know, it is really hard on kids as well right now so - >> seth: yeah. you had a new song which is so impressive you've recorded a new song in multiple languages >> yeah. >> seth: i hope you are as impressed with you as i

my third, staff sergeant remy lebrune, of canada. immigrants and children of immigrants and children of lawful permanent residents served at higher rates than native born americans and i -- my first years in the fleet brought that home to me in human terms because the person i relied on most to teach a young infantry lieutenant his skills were all non-citizens in my first two years in the marine force. and many times i would attend swearing ceremonies when soldiers, sailors, airmen, coast guardsmen, probably wearing their uniforms, took the oath of allegiance taken by all who wish to become u.s. citizens. here is what that says. i will read it to you. i hereby declare on oath that i absolutely and entirely renounce and abjure all fidelity to any foreign prince, state or sovereignty of home or of which i have heretofore been a subject or citizen, that i will support and defend the constitution and laws of the united states of america against all enemies foreign and domestic, that i will bear true faith and allegiance to the same. that

my third, staff sergeant remy lebrune, of canada. lawful permanent residents served at higher rates than itive born americans and first years in the fleet brought that home to me in human terms because the person i relied on most to teach a young infantry lieutenant his skills were all non-citizens in my first few years in the marine force. and many times i would attend swearing ceremonies when soldiers, sailors, airmen, coast n, swarthy oath of allegiance taken by all who wish to become u.s. citizens. here is what that says. i will read it to you. i hereby declare on oath that i absolutely and entirely renounce and abjure all fidelity to any foreign prince, state or sovereignty of whom were of which i have heretofore been a subject or citizen, that i will support and defend the constitution and laws of the united states of america against all enemies foreign and domestic, that i will bear true faith and allegiance to the same, i will bear arms on behalf of the united states when required by the law, that i will perform noncompetitiv

remy, brooklyn, maryland, democrat's line. morning, pedro. live about 30 minutes from nsa here in baltimore. the thing has all the earmarks, that writ -- the rhetoric i'm hearing, it has all the earmarkings of another eightball , i guess, conspiracy, if you will, from the cia in order to get the military hardware manufacturers back in the business of supplying what is needed to promote something in another country that we really have no business being in. so at this point in time, we are going to need a lot more than what we are hearing to find out what the purpose was behind even putting this out there in the "times." i am sure the "times" has its trusted sources coming in from the various agencies that keep this country going. host: your previous conclusion, how did you come to that? caller: it is like this, we have a $26 trillion national debt that we can attribute to afghanistan. if you want to go back to iraq, even as far back as vietnam, laos, and cambodia. all these insurrections we went into and the hundreds of military bases we have

that is the perfect shape for a chocolate chip, and thank you to remy who has come up with that.re going back to work. what it does in the mail, they have done an audit and more than 70 firms, dozens don't have a plan to return to offices within two months. rbs currently has 40,000 staff working from home and 10,000 staff in branches and offices, and most are not being expected to return to the office until next year. ernst & young, 11,200 office staff. they have consulted them and offices will reopen from september seven, but on a reduced capacity basis. nina is talking about this later, but there isa talking about this later, but there is a real sense that many people will not be going back to work, or at least at the office, for some long time. i think what nina is talking about is the effect on the economy of that as well.” talking about is the effect on the economy of that as well. i wanted to give a shout out to this fella in the daily mail. roy has worked 13,416 days in a row in his shop and he is finally calling it a day. he bought the place in 1982 and has worked every d