this is the firm schroders allowing staff to work from home, and that is a radical shift, in the way that people work? good and bad, obviously. what do you think? you are right. it is a radical shift, and i think we are going to hopefully see a lot of big shifts. one of the things that lockdown is it has made a lot of people reassess a lot of things about how we live, how we work, how we socialise and how we holiday, so i think this move is encouraging in terms of the flexibility that it allows, it is worth pointing out that a lot of people working from home is not a delight. people are living in shared accommodation or just don't have that much space, working from home can be not that great mentally and maybe not even that great in terms of the health

and i looked at pat schroder and introduced myself and said my name is ron dellums from california. she said, i know. and i'm honored to be here with you. my grandmother taught me not to let people make fun of you cheaply, if it's ok with you, it's cool with me, why don't side d i sit in this seat by side together as if it's the most normal thing in the world. and she said cool. so ron dellums and pat schroder sat on this one seat for the entire organizational meeting and never acted as if -- even though we wanted to scream, we said no, we'll just let our silence and our behavior handle it. and they didn't know what to do because we didn't scream. so the next time two seats were there. we made our point and we moved on. matthew: dellums service on this committee reflects a wider reform in the house where the power of committee chairs is rolled back and junior members and a diversity of members, african-americans and women get bigger and better committee within nts, and congress representative dellums is part of a group that helps remove that original chairman from the committee and

jonathan mackay is a schroder investment senior market strategist. we are thrilled he could join us this morning. i want you to speak to our radio and tv audience. simply not on board this market. to a 22from and 80 vix vix. how do i come back into the market? we have some technical difficulties there as well. i was away for three days and i didn't pay the bill. we will try to hook up in a moment. this is such an important idea, and it goes well back into investment history. it is so easy to get out of a market, so hard to get back into the market and participate, once you have made the decision to go to cash. anna: i was talking to a guest earlier today who said he was grumpy about the prospects in front of him, grumpy about the strategy choices he had. he says he is sitting on a load of cash but he is too grumpy to find any way and at the moment. headline abouta the city ofions, london, and the actuarial assumptions. return?the expected it is not amazon or apple returns, it is a shockingly low number. in the united kingdom, the idea of a more struc

the firm schroders is going to be allowed inc. its staff to permanently work from home. and that is quite incredible, is in a? thousands of staff working forever from home if they want to. is that the future do you think?|j from home if they want to. is that the future do you think? i think there is going to be a split for many companies between having some in the office and some working from home. it has for people some more than others. i'm working from home wearing a suit and other wearing a suit even when i'm not on camera. you wear a suit all day long don't you? you you wear a suit all day long don't you ? you sleep you wear a suit all day long don't you? you sleep in your suit. of course. i do worry though because obviously, there is going to be this huge impact on the city centres and the death of the city center. as all the death of the city center. as all the people moves out of the office. i also think personally social mobility will also be hit if automatically people move out of offices. kids from various backgrounds w

piya sachdeva is an economist at schroders and still with us.e had a swath of some better than anticipated in terms of the u.k. labor market story. maybe that is testament to the amount of protection the labor market is being protected from reality at this point. piya: exactly. we know that the labor market situation will become a lot clearer when it ends in october. to the extent we are looking through some of these unemployment numbers right now and then there was also the question of participation. participation in the labor market has fallen quite sharply. we think about how unemployment is measured, it is the number of unemployed as a proportion of the labor force. as people exit the labor force, that also holds down the unemployment rate. that is another key factor to watch. see significant -- you know, countries that have significant social safety nets like here in germany and other social democracies -- do you see them recovering better from this severe economic hit then countries that don't? piya: it is a great question. initially doing

and then dennis schroder gets picked and throws a low blow in the process. p.j.ead butt, things got nasty there. that is a look at sports, we'll be right back. >>> actually we have golf real quick. hideki matsuyama opened the day with a chip-in from the bunker. he's your co-leader at 1 under. jon rahm you'll see shortly here, massive blunder there, picks the ball and lost a stroke. so it's matsuyama and dustin johnson, your co-leaders at great day on the lake! it is. lunch is cookin'! and i saved a bunch of money on my boat insurance with geico. fellas, can it get any better than this? whoa! my old hairstyle grew back. so did mine. [80's music] what? i was an 80's kid. it only gets better when you switch and save with geico. >>> tonight on abc 7 news at 11:00, open or closed. we sort out what businesses will be operating on monday, including if wineries will be pouring again in napa. >>> and damage from the czu wildfire is so widespread it even made it to the ocean. hear from evacuees who are waiting to return to their homes in santa cruz county. >>> okay, finall

i looked at schroder and introduced myself. i said i am from california. >> she said, i know. i am honored to be here with you. my grandmother taught me not to let people make fun of you cheaply, if it's okay with you, it's cool with me, why don't you and i sit in this seat side by side together as if it is the most normal thing in the world. and she said, cool. so we set there on this one seats for the entire organizational meeting. and we never acted, even though we wanted to scream, we said no. we just let our silence and our behavior handle it. >> they didn't know what to do because we didn't scream. the next time, there were two seats there, we made our point and we moved on. >> the service on that committee reflects a wider period of reform in the house where the power of the committee chairs is rolled back and junior members, and a diversity of members, african american and women get a bigger and betty committee assignments, it is within a congress representative and part of the group that helps remove the original chairman from the committee. and they put in another ch

dennis schroder pets bikd but throws a low blow in the process and gets ejected and p.j. tucker out as well. rockets take a 3-2 series lead, 114-80. game five between the magic and bucks, giannis antetokounmpo. the triple and orlando is down three with 7:30 to go but under 2:30 now, giannis he buries it, they will play miami in the semis. that's your look at sports. have a great sunday. back to you. >> lisa, how is it almost september already? this year has gone by so fast and also so long. a lot of people are like let's get through 2020 now. >> get it over with, almost entering september. a couple more days of august, and we are looking at a pattern change in terms of our weather, right on cue, as the new month starts. a look at live doppler 7, a look at the low clouds that are up in the north bay, the south bay, we have clear conditions in concord but you have a little bit of haze in livermore, also in san jose, and as we look at our satellite imagery here, we had a trough of low pressure off the coast allowing for a lot of fog the past few days and now you can just kin

gold rebounding off of a difficult friday paving jonathan mackay joins us from schroder investment. simulcast on bloomberg television and radio. thank you for being with us. this is bloomberg. ♪ hike! simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. dividedarket is totally from the real economy. >> yes, we are printing money in the u.s. but we have not seen that velocity of money enter the system. >> every minute that goes by is compounding the losses. >> there was only so far the market can go without the stimulus a deal. >> the only thing voters care about right now is the coronavirus and the economy. >> this is bloomberg surveillance with tom keene, jonathan ferro, and lisa abramovitz. tom:

joining us now is lisa hornby, schroder investment portfolio manager.ould have told you every single data point, and people still would have gotten the market call wrong. what is the focus for you right now? lisa h: it is clearly an extension of these benefits. i think the points you both were making before i came on where right. will the central government get it together and continue these unemployment benefits? right now, the economy is surviving on stimulus. so you about some of the packages that are going to be rolling off, potentially the unemployment benefits. the question is whether or not state and local governments get relief. these are some of the big economic questions we are asking ourselves. state and local government people.s 60 million -- surveys are showing that optimism and hiring plans are way below where they were pre-pandemic. from a fixed income investor's standpoint, do you bet on the fed put? the idea that no matter what, there is going to be a pinning of treasury yields roughly where they are, regardless of policy? or do you rea

dennis schroder pets bikd but throws a low blow in the process and gets ejected and p.j.r out as well. rockets take a 3-2 series lead, 114-80. game five between the magic and bucks, jigeige giannis antetoko. the triple and orlando is down three with 7:30 to go but under 2:30 now, giannis he buries it, they will play miami in the semis. that's your look at sports. have a great sunday. back to you. >> all right, lisa, another check of the weather this morning. >> all right, liz. little has changed. we have our marine layer running deep with mist and drizzle along the coast. it's over about 1,200, 1,300 feet reaching into the east bay and look at current numbers, are cool in the 50s, a few 60s closer to the water from oakland and hayward but we have the haze, and we have some fog, so take it slow if you're headed out this morning. we will be looking at minor improvements. we have some pretty good conditions with the air quality and then they expect to go downhill a little bit. visibility two miles in half moon bay and haze i why out y i. high pressure is building in and as i

. >> mall's wife, capital schroder remember we used to talk about those, that was really in college when took those seven course on marxism of which by the way i did really well. do we have larry on? >> bring him on. >> david, true treat, joining us now national economic council director and former partner of mine of kudlow and claim, larry kudlow larry, it is always great to see you. first of all, how are you feeling? things good because of this pandemic i know you are not a big guy, certainly not the kind of thing that suits you. >> well, you're right about that, jim yes, it's good to be back with you and david and the others jimmy, those marxist classes did not wear off on you. they did not you know, you are a wealth guy, you are an american patriot guy, when we worked together and you still are. look, on the big picture today i just want to note at the top very good unemployment claims numbers, initial claims numbers and, you know, we've been struggling through that because of the hot spots and they have been holding around a million. the continuing claims have dropped a lot but i wa