to us. , johns, lauren sauer hopkins professor of emergency medicine. this is bloomberg. ♪

francine: lauren sauer, thank you so much. to check out the latest information and tune in every day for our exclusive conversations with johns hopkins experts for an inside look at battling covid-19. in program note, join bloomberg for the annual broadcast of the boston pops fireworks spectacular. heroes caring on the orchestras fourth of july tradition, this time from the comfort of your own home starting 8:00 p.m. eastern on bloomberg tv, radio. this is "bloomberg." ♪ this is bloomberg.com "bloomberg surveillance." goma sex and the final stages of resolving its biggest legal threat -- malaysia solvent of element fund. could result in a guilty plea for the first time in goldman's history. shares of fedex award after he reported better-than-expected earnings for the last quarter. the company gives the credit to a search healthy health equal and deliveries during the pandemic, plus fedex launched efficiency drive and at home deliveries. google is pushing back at a plan to reopen its u.s. offices. the reason, a surge in coronav

francine: lauren sauer's, thank you for joining us -- lauren, thank you for joining us -- lauren saueru for joining us. coming up, today on balance of power, governor lamont at 12:00 p.m. in new york. this is bloomberg. ♪ >> this is "bloomberg surveillance." let's get the bloomberg business flash. shares of hsbc are falling. president trump learned advisors are punishing banks in hong kong by destabilizing the currency to the dollar. the bank was mentioned as a potential target after it endorsed the new security law beijing imposed on the city. barclays is inform -- is looking for a replacement for their ceo. the bank has reached out to potential candidates in recent months. a bank spokesman says there is no search underway. president trump is considering a ban on the short video app tictoc in the u.s.. that would be one possible way to retaliate against china in its handling of the coronavirus. tictoc's parent is based in china. francine? francine: thank you so much. the british president has tested positive for covid-19 following months of downplaying the severity of the virus. latin

lauren sauer at the 6:00 hour. this is bloomberg. ♪ good morning. ning.s "bloomberg surveillance." i am ritika gupta. aogle has agreed to purchase four point $5 billion stake in india's geo-platform, the digital arm of reliance industries. that is a part of a series of larger investments. google will receive a 7.7% stake .n geo earlier this year, facebook took a 10% stake. the first electric vehicle since management took over in september. the car is mason's latest effort to refresh the lineup that as -- is nissans latest effort to refresh the lineup. the car is designed to take on rivals such as tesla's model y. company's 88% controlled by atlantia, controlled by the billionaire. the company has been under fire since the deadly collapse of a bridge in genoa almost two years ago. that is your bloomberg business flash. guy: thank you very much. that is a big victory for apple at the european general court. winning its battle over the e.u. order to pay ireland a $14.9 billion tax will. the court ruled that ireland's arrangement for apple to pay a lot less w

our scientists will surely develop device in fact today scientists there next hour and so tell me as sauer who is actually developing at scene why can't all these $150.00 groups make their vaccine project out accessible to each other and work together and what are the pitfalls to that. it's not a pitfall i think it's a good that these different groups of work on different solutions it's not all the same and nobody knows what will be the one solution to the problem. the best chance we have is that we have these minute you're working on the individual comfort sensitive competencies technologies and and combining their strengths and the approaches will help us to get a solution in a shorter time and again at a for the coast and for a. number of population. you may be in the moment there's a lot of focus on them on a vaccine they have a fuss and some most progress to banks in approach but still nobody knows if it at the end of the date when the solution to all the problems so we can be lucky in that we have this 150 groups and within these groups so there's a lot of exchange i've never experie

vonnie: that was lauren sauer's at johns hopkins.y is our founder at bloomberg companies. ♪ ♪ >> 2:00 p.m. in new york. i am taylor riggs. >> i'm romaine bostick. >> i'm caroline hyde. in with theashing best trading results in years. trading at a one-month high. the s&p 500 near get 1% gain after another volatile day of trading. rotating out of tech to value. the fiscal frenzy. the consequences of no congressional action laid bare bernankenanke -- ben calls on lawmakers to pass more stimulus or risk repeating the mistakes of 2008. they migh

shery: lauren sauer from johns hopkins university.he bloomberg school of public health is supported by michael bloomberg, founder of bloomberg lp and bloomberg philanthropy. we will discuss how the virus is affecting business across asia ahead. aipac chairman and ceo michael joins us for an exclusive interview later. on the, the toll aviation sector, united airlines, is warning of massive job losses when the payroll support ends. this is bloomberg. ♪ shery: in one of the strongest signs of the pandemics impact on airlines, united airlines is warning 45% of its work force face cuts. federal payroll aid expires. su keenan has more on this. this means 36,000 people could lose their jobs. [no audio] haidi: all right. we will try and get back to su with the look at u.s. retail. in the meantime, japanese bankruptcies rebounded in june after falling the most since the 1960's. sophie kamaruddin is in hong kong with a look at this. unsurprising that this is the climb where we see that resurgence. sophie: part of this being because of courts re

was the chief executive of barclays speaking to us. , johns, lauren sauer hopkins professor of emergencyhis is bloomberg. ♪ ♪ this is bloomberg surveillance. as we continue to track the virus, bloomberg has developed a partnership with a leading authority on covid-19, johns hopkins has been leading the international response. we hear from experts in public health, infectious disease, and emergency preparedness. -- lauren sauer.ir theook at moderna and efforts to find a vaccine, our way closer to finding one now than we were a month ago? -- then we were a month ago? lauren: we are closer and the data coming out from trials looks good. the moderna and pfizer just started their phase three trials, they are mrna vaccines. these are brand-new technologies, we have not have one -- have not had one that has gone through all three phases before. moderna is new to bringing vaccines to market and has received a bunch of money from operation warp speed to push this forward quickly. i think everyone is anxiously awaiting phase 3 data from these 30,000 person trials. toocine: overall, is there much h

shery: lauren sauer, assistant professor of emergency medicine. johns hopkins bloomberg school of public health is supported by michael bloomberg, founder of bloomberg lp and bloomberg philanthropy's. coming up, little progress on the stimulus front as congress remains divided. president trump calls for stopgap measures when this runs out. this is bloomberg. ♪ . ♪ republicans and democrats making little progress in resolving their differences over the next stimulus package. our congressional government reporter is in washington with us. some lawmakers were hoping to get a bill done by the end of july. that looks like something of an impossibility. the president saying that they are still far apart. emily: yes. white house chief of staff mark meadows left negotiations a short time ago and said lawmakers are nowhere close to a deal. there has been discussion about doing a slimmed-down package. democratic speaker nancy pelosi is saying it is all or nothing. shery: we seem to have more on the virus front as well. nancy pelosi making wearing masks mand

shery: that was lauren sauer.l ofopkins health is supported by michael bloomberg, bloomberg lp, and bloomberg philanthropy. coming up next, the health care center has been a winner during the virus pandemic, but will efforts to curb the crisis support the sector long-term? we will get the outlook. this is bloomberg. ♪ shery: asian health care stocks were the best performing sector in the first half. hopes for a covid-19 vaccine are among the catalysts driving the rally. sophie kamaruddin in hong kong is taking a closer look at the sector. sophie. asian health care stocks had a stellar first half, driven by pandemic related demand, along with the longer-term structural focus, as a spending on health care products and services is growing in the region, making the sector the best performer. analysts are staying bullish even with the risk of this rally looking overdone. switching out the terminal, just to show you what is going on when it comes to valuations, they have been pushed to pre-virus levels and beyond with m

sauer,: that was lauren johns hopkins university assistant professor of emergency medicine. bloomberg school of public health is supported by bloomberg philanthropy. tesla extending its quarterly profit streak, putting it in the fast lane to become part of the s&p 500. details on the way next. this is bloomberg. ♪ rishaad: let's have a look at what is going on with indian markets. this is a day where we are seeing a winning streak erased, at least on the sensex. the nifty banking index down by 3/10 of 1%. one stock we are flagging up at the moment is yes bank, down at the moment 20% of the session. a share price of 14 rupees. its fpo achieved its minimum required subscription, which means we do have people at the moment buying this offering. that is what we have. this is a follow on public offer driving book value per share down. that is why we are seeing this stock under severe pressure. titansa: two tech reported earnings after the bell in new york. tesla posted a fourth conservative quarterly profit, a milestone that paves the way for the company to join the s&p 500 index