rish? rishaad: haslinda, more on donald trump here, escalating his threats against the who, the world health organization, and demanding significant changes to that body. that coming as he has been taking his own precautions against covid-19. let's get that story and more in our first word news with karina. karina: he is largely unproven drug, saying he has been taking it for with 10 days, medicating hydroxychloroquine, despite his own government's saying it could have serious side effects. trump: a lot of good things have come out about the hydroxy. a lot of good things have come out. you would be surprised how many people are taking it, especially the front-line workers, before they catch it. the front-line workers, many are taking it. i happen to be taking it. i am taking it. hydroxychloroquine. right now, yes. a couple of weeks ago, i started taking it. a: in other news, international air travel is back, albeit with baby steps as from thetry reels coronavirus. they opened up travel betw

rish?: ok, we will have a look at some of these first word headlines, and we have got some of the biggest economies fighting to shore up growth, all amid what is going on out there. indonesia with rapid easing of restrictions, with a ban of travel during the upcoming eid holiday. there was the relief package that fell short of expectations. failing to deliver an immediate boost to an economy that was slowing down even before the impact of covid-19. we have got fed chairman jerome powell confirming he is prepared to use the bank's full range of tools to keep rates near zero, at least until the economy is back on track. with testimony to the senate banking committee, he talks about challenging times, and that any actions are part of a broader public sector response. he will be speaking tuesday morning eastern time in the u.s. germany and france backing a 500 billion euro fund to tackle the worst economy. they are giving money to member states based on their contribution to the eu budget. the

rishaad: rish in hong kong. jobs are very important.f they don't have the jobs, it is essentially breaking that compact, isn't it, that is implicit in the deal the communist party has done with its people, which is stay out of politics and we will give you ever rising prosperity. .ichael: something like that china is much less flexible. it is much more difficult to significant institutional changes, for example, in unemployment, which is why i think the government made it clear that that is the bulk of their focus. one of the problems we are seeing is the division of responsibilities. the central government would like local governments to play a more active role in relieving domestic unemployment and boosting domestic consumption. the problem is local governments are indebted up to their eyebrows. there is not much room for them significantly. many of them are already debt burdened. i am curious to see how this conflict resolves itself, whether the central government will play a bigger role in unemployment alleviation or whether they wi

s of the japanese per rish -- perished in these camps. they were concerned that the ally will give treatment top their own p.o.w.'s. to protect the rules of the geneva convention which the japanese refused to sign. i wanted to point that out that not everything in war is necessarily victorious. sometimes you wind up on not just the losing side but in the enemy's hand. so, over here one thing to point out of the famous prayer card that general george patton asked kaplan to come up with to basically guarantee good weather during the battle of the bulge. basically, when chaplain made the prayer, the weather cleared up, patton credited this. patton written the prayer some time before the battle. this prayer card was delivered to all of the troops and it became part affirm legend of the battle of the bulge. here in our battle of the bulge gallery, we do have a german sedan. this was one of the cars used by the german officers to go back and forth and transport themselves back and forth to the front. here you can see all of the camouflage that

rish, view -- as you have alluded to, the impact on u.s.-china relations, we're seeing quite a bit of risk-on today. in the european session we saw a fair amount in the asian session overnight as well. u.s.-chinarisk our relations from all this, particularly if we think about the prospect of further tariffs? at the moment, all we are seeing is a war of words. theaad: we have of course 33 entities are companies that have been highlighted by the united states now as potentially connected with the regime and potentially in league with the government, in doing something negative toward hong kong itself. we did have china refraining own intercepting its unreliable list. they announce in the middle part of last year, a trade war with the u.s., but it was preparing its own. still, when companies like huawei -- china is not retaliating with a list that we don't know about. but according to the global times newspaper, the mouthpiece of the communist party, they entreated that china would retire using that list in the middle of last year, a paper poi

. >> rish lowery, from national review, i appreciate you rolling with us there.you for joining us. appreciate that. >>> and up next, we're just talking about it, this campaign cycle unlike any we've ever seen, so we still have a few months to go. what is it going to look like? stay with us. is it going to lo? stay with us i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424. but when allergies and congestion strike, take allegra-d... a non-drowsy antihistamine plus a powerful decongestant. so you can always say "yes" to putting your true colors on display. say "yes" to allegra-d. start with a round brush head. to how do your teeth get as dentist-clean feeling? add power. and you've got oral-b oral-b's round brush head surrounds each tooth to remove more plaque. for a superior clean, round cleans better. oral-b. midas can help get you there. through july 4th celebrate your freedom with our $17.76 oil change... that includes a tire rotation. when you're r

rish, thank you for joining us on this big geopolitical story.ong kong. isll ahead, jetblue extending is safe distancing program amid other measures to protect the flying public. more with our conversation with the ceo of that airline next. this is bloomberg. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america'

weaken.rts would also at the same time, rish was already suggesting the labor market pressure would comerious forms, be it job losses or income losses. we think this would largely weigh on overall china consumption demand. we are hoping for the policy up in the near future, which will start next friday. we could see some fiscal stimulus, especially to help with these sme's to keep jobs, and to low income families to keep their living standard. we think this will be largely needed, especially in the second quarter. there is a gap between when the hit comes and when the biggest impact will show up in the numbers. we don't necessarily want to sit on our hands for too long. haslinda: you talk about policy support. how aggressive will the pboc be? so far it hasn't shown any signs of being aggressive. the markets want it to be so. helen: you are right. imf rate that compared -- i am afraid that compared to other central banks the pboc has not been much active in terms of easing tools. it is definitely picking up the pace a bit, probably because starting from mid april when data became availabl

rish in hong kong.uation where we have not just a virus, but the threat for weeks, the comments about blaming beijing have become kind of personal even. look at what peter navarro saying, that china was deliberately poisoning the world here. as we go to the election, does that worry become the mainstay of what market participants are looking at? strong is only a very political angle. keep in mind a lot of it will be related to the election coming up in the u.s. it is an easy message that resonates with the number of voters in the u.s. it's an easy message. could keep going and even escalate in the coming weeks and months and there will likely be one of the central ideas and themes that the current white house will push through to try and get reelected. expect anywe do not major agreement between the u.s. and china before the election, unless of course markets start correcting strongly. then you could see some push and motivation. overall, keep in mind this will remain a volatile environment with these k

rish. goodad: overall, having a day. asia-pacific markets moving to the upside.nda was referring to, prospects for a higher open in mumbai with the nifty futures up nearly 1% and some of this being dictated to by what is happening on the s&p futures. as you can see. and the u.s. dollar index pretty much flat. looking at the commodities space, coin, oil as well, -- bitcoin, oil, and move into havens. bitcoin off by 12%, quite a move, actually, $1234 down. as wee wti also lower head towards opec's monthly oil report, which is out on wednesday. that's find out what's happening in terms of strategy, what -- let's find out what's happening in terms of strategy. homin lee is the asia macro strategist, and welcome to the show. what has been occupying you the most? could you -- sorry -- repeat the question? rishaad: what have you been concentrating on most in terms of what is happening with the pandemic? that has been informing your thinking as to what is going on next? homin: basically, what we recommend to our investors is the combination of a well diversified global m