-steven: hi. -jim: hi there. steven: how are you doing? steven. jim: hey, steven. jim o'keefe.thanks for allowing us to come in and talk to you today. getting this meeting was a great opportunity for us. while we're very niche today, the goal is really to change the way we manufacture, and so i want to see if there's a way to do some business. steve: great. thank you, marcus. i have designed four chairs, one for every region of the country. i'll start with the one that we shipped you. this is our great lakes chair. man: what's the retail on that? -steve: $495. -man: okay. lemonis: i had him make these four chairs with four very specific regional feels. the line that this will all be branded under will be the american dream. man: are you guys gonna carry inventory, or what type of lead times would you expect? steve: this is our quick-ship program, so we are going to stock and be able to ship in a 24-hour period. lemonis: can we look at the chairs? have you seen them? let's look at them. man: okay. steven: it's a clean, modern look, available with a cushion or with just the wood.

this is "objectified: steven tyler." these are the original working lyrics - for "toys in the attic." - oh, my god. may i? this is fantastic. i'm harvey levin. this is a story about a man whose name became synonymous with rock and roll. ♪ sing it with me, sing for the years ♪ ♪ sing for the laughter, sing for the tears ♪ steven tyler became one of the biggest names in music and enjoyed every perk that went along for the ride. as a rock star, how easy is it to get laid? it's very easy. i think rock stars, i felt like i had an obligation to keep that alive, and women had their way with me. you had an obligation to keep it alive? - oh, yeah. - ( laughs ) but his journey to the top was not match for his own personal demons. i have an addictive personality, so i found certain drugs that i loved and i didn't stop, to the point of hurting my children, hurting my family, hurting my life. there was a point where i didn't have a band and i didn't care. but steven fought hard to get clean and clawed his back to the top again, this

>> thaddeus stevens absolutely in the house. remarkable parliamentarian. then to be eminently quotable but to be regarded as the best lawyer and the chairman of the ways and means committee and was responsible for anything that involved money and even though he was are radical no one is more radical than stevens and then to create the majorities and weighed i artie talked about the joint committee. to hold 260 generals and officers to be interviewed and they pushed very hard and sometimes successfully to get rid of the deadwood in the officer corps. and the blood of many many men are on him. and zachariah chandler another figure of veteran of the underground railroad and james ashley was too ill he would have and a very dramatic looking guy and looks like beethoven. [laughter] and young and masterful parliamentarian as well. the charles sumner maybe the biggest single member of the wartime congress with the gray antislave larry or raider lawn - - orator with gray hair everybody love to hear them on the stop but nobody paid attention to him on capitol hill.

thaddeus stevens absolutely in the house.remarkable parliamentarian and has always been a very colorful man, very fun to write about and as quotable as well. he was regarded as the best lawyer in pennsylvania before he was even in congress and he does the trick of the ways means committee and therefore responsible in the house for anything that involved money and even though he was a radical, no one was more radical than stevens, nonethelessca he was skilled on the floor and in the kennedy that he created the majority is for much of everything he wanted to do. wait i already talked about on the conduct of the war which was a cumbersome title, but that was a really powerful committee. they held 262 generals and officers that called him to be interviewed to the committee and they pushed very hard and sometimes successfully to get rid of the dead bullet in the officer corps who did his best for the union if you read closely this disaster. and zachariah chandler of michigan and another one towering these figures that are in the u

>> thaddeus stevens absolutely in the house. remarkable parliamentarian.nd then to be eminently quotable but to be regarded as the best lawyer and the chairman of the ways and means committee and was responsible for anything that involved money and even though he was are radical no one is more radical than stevens and then to create the majorities and weighed i artie talked about the joint committee. to hold 260 generals and officers to be interviewed and they pushed very hard and sometimes successfully to get rid of the deadwood in the officer corps. and the blood of many many men are on him. and zachariah chandler another figure of veteran of the underground railroad and james ashley was too ill he would have and a very dramatic looking guy and looks like beethoven. [laughter] and young and masterful parliamentarian as well. the charles sumner maybe the biggest single member of the wartime congress with the gray antislave larry or raider lawn - - orator with gray hair everybody love to hear them on the stop but nobody paid attention to him on capitol hil

steven: that is the worst one, ok. as a starting point, the timing for which markets would recover, if you believe our outlook that we have shut the economy down late in the first quarter and most of the second quarter, and there is some partial falling rebound in the third quarter and beyond, the timing for risky assets to start rising is now. it is fairly soon. the question is level and which assets. this type of economic contraction is extremely mean to main street, to small businesses, to firms that have a low level of capital at hand to work off to stay in business. it has a terrible economic effect. theome other respects, digital economy, the economy e-commerce, the retail sales report, department stores crushed. e-commerce soaring. there is great dispersion and financial markets have priced that dispersion. that has been beneficial to large-cap u.s. shares more than any other in the world. francine: what is worse for the economy, reopening and having to close if there are a number of infections and debt that ris

reading studiess about thaddeus stevens stuff. and there are various other places. but the more i kind of that at this into small places, with funky little libraries, the the more fun it was. guest: a ray of hope historically, it was interesting that you seem to imply that i'm sure i will read about it in the book, you seem to imply that it was the war that cleaned out the congress and allowed for some sort of clever decision-making and wooded that have happened without that and, it's extraordinary that we or they didn't know what was coming apparently. fergus: couple things here printed on one hand, the 11 most reactionary states in the union, they left for four years. andrew johnson, was the only senator from the southern states remained. he invites the president and that's why he was picked in large part. in a sprinkling of southerner congress members of the house, tennessee, here and there. if you. but a very small in number. so i'm a human the first and really only time in american history, congressman dominated by are deeply

steven riley will join us. he is expert on the urban to rural transfer of viruses.loomberg "surveillance." ♪ ♪ francine: good morning, everyone. this is bloomberg "surveillance." let's talk about the pandemic and possible medication or vaccinations. last week news disappointed the markets on gilead and yesterday we had better news. nearly 3.2s are million, deaths 227,000. the world is entering the new stage of the crisis as governments are trying to figure out if it is the right time to ease restrictions. we are thrilled to be joined by steven riley. a number of issues, how do you reopen? when you reopen do you keep social distancing? where are you on the trials? where should the priority be, focusing on medicine or going more slowly in reopening the economy? steven: the vaccine is incredibly important but i don't think that is a priority now. different countries and populations have different levels of infection and everybody needs to decide how low they are going to try to get their levels of infection before they start to ease the restrictions that are in place.

steven swarzman, paulson and company, john paulson. citadel, ken griffin; elliott management, paul singer; vista equity partners, robert smith; fidelity investments, abigail johnson; mastercard, visa, chubb, sequoia, stevens, great. charles schwab, chuck schwab will be here by phone. food and beverage, national restaurant association, mcdonald's, garden restaurants, coca-cola, pepsi-cola, chick-fil-a, subway, bloomin' brands, yum brarngsds papa john's wendy's, wolfgang puck, starbucks, thomas keller john george, my friend john george, and danielle. you know them. from the transportation world, fed ex, fred smith, united

, warren stevens, charles schwab, chuck schwab, will be here by phone.

late friday night democrats sent a new offer to treasury secretary steven mnuchin in the negotiations to get the small business paycheck protection program refunded. the offer would provide $150 billion for state and local funding. it includes money for trinity underserved population stats community banks, hospitals

>> well, just let me start by saying, steven moore, there's no kin, no relationship, to me. let me say that that movement has borrowed heavily from the civil rights movement. i mean e it's very telling they would use an icon of the civil rights movement. they've learned from us. prior to us they just really didn't have any other resources other than money. now they bus loads of people in for the protests. brookfield, wisconsin, where they held the protest yesterday is probably in the county with the largest per capita income in the state. and so they've organized, used money, whatever trump comes in, they send bus loads of people into the venue and they've learned from our civil rights movement. and we have to own that. they learn from us how to do this. >> well, you know, michael harriet, i was tweeting about this yesterday. the ironies are very rich to the point that the congresswoman is making. the nation"national review" mag was founded by william f. buckley, weeks before the montgomery bus boycotts began, right before the arrest of rosa parks. and it was found inherentl

steven: i think the italian market will like it.hink there's already one trend you can see, bunds vs. sw aps. that's been tightening since last september. that is when the ecb cut down to tiering,uding the which i think was a big deal. bunds over the next months and years, i think they are going to glide towards swap yields and supranational yields. i think they will gradually lose the benchmark status. in the near term, any baby step or clarity, all it takes is a working group to be set up to discuss this. it doesn't have to happen today. anything like that is good for the btp's, great bonds, portuguese, spanish bonds. btp spreade bund- pushing towards 200. alix: would you be recommending taking position to reflect that kind of you right now? what would that look like -- recommending taking positions to reflect that kind of view right now? what would that look like? steven: i think the floor has been seen for bund yields. twice in the last six months, you've seen two-year bunds -90 and -100. that's close to the reversal rate, where

and also reviewed steven's books for the new york times and so i'd like to point out that steven notes in ramp hollow, a number of things. and the most unsettling currents, why the necessity of leaving and emphasis on a strong and uncompromising grandmother. if meaningful work and decent occupation are only elsewhere, most appalachians will be abandoned, someone who rises above despair and abuse, most would be stuck. i'd like to ask everyone here with the barrels that they see in vance's book. what perils does having this one very popular and very sort of narrow account in appalachia, what risk does that really pose for us? >> one of the things that drives me crazy about that book, he set-- he's a conservative person and that's fine, but he set his politics aside to write from the heart. this is not a luxury that steven and i in particular are granted. when you blame poverty of the poor especially when you make money doing it, that's your politics. so you have a set of politics that say the failures holding us back as a country are rooted in certain individuals, in this case, we all kn

steven king., long before audiobooks were fashionable has championed the work that all of you do and all of the magic that you make. through his support, he has expanded the audience for an inspired improvements to audiobooks. and it is with wholehearted enthusiasm and gratitude that we celebrate steven king by sharing with him a lifetime achievement award. [applause] [cheering] [cheering] so first i want to say thank you for all of the thrilling adventures you have taken us on. those are for children they could be slightly creepy when spirit is a joy to read aloud. cement at the whole. [inaudible] your main certain imagination and artistry i think about them all the time but very amazing and difficult book. subic author tied mr. characters i think about all the time, leisure being a narrator of your book i loved the. [inaudible] sisters. [laughter] so i was honored and lucky for this very amazing, difficult and treacherous book. subic i was lucky enough to get to their rate your short stories wer

steven told me very safe about it. steven told me very strongly.d numbers at a record rate. it's really been helpful. many tests are going on, many vaccine tests. tests of every different kind and things are happening just like this, things are happening just like this, things are travelling very rapidly i'd like to have stephen tell you a little bit about it. thank you very much. thank you, mr president. i appreciate the opportunity. we had a team of more than 18,000 employees, including 10,000 scientists, doctors, pharmacists and nurses and they been working around the clock. as you probably know, many of the medical products that are being used for the outbreak are in fact regulated by fda. the staff have been hard at work authorising tests and other medical products. as

that is congresswoman haley stevens, democrat from michigan.oming up, we will talk about the stock of the hour. it is halliburton, pledging deep cost cuts to help whether the oil storm. ons is "balance of power" bloomberg television and radio. ♪ david: this is "balance of power" on bloomberg television and radio. time for our stock of the hour, halliburton. it has been on something of a roller coaster ride in the face of the oil price collapse. wti is under nine dollars. at the same time, halliburton says they will cut costs. we turn now to taylor riggs. taylor: like you mentioned, halliburton on a roller coaster ride, as much as 4% higher, now up to 2% to 3%. the long-term trajectory of the stock now down about 70% year to date. oil now below $10 a barrel. today they announced specific measures moving the stock. if you flip up the board, i want to dive into some of the cost-cutting measures. that is what is moving stocks. they did say they would cut capex, they are canceling all planned raises, they are eliminating a layer of management. halli

england and under stevens watch. as of november last year bed capacity in the health service had dropped 212-7000 the lowest ever when you think that when the health service began in 1948 it was well over 400000 beds but bed capacity dropped to the lowest ever and the lowest in europe the health service was always proud and rightly so of that its bed capacity was one of the highest in the world. but cut away. cutting to such a degree that the just the usual the 4 percent increase in the health services budget just to keep it on track was cut back to one percent had a devastating effect and that's why there is a political reason why people are suffering from coronavirus many of them may not want to confront that but it's the reason is that the national health service the visionary national health service the world's 1st public health service was decimated over a period of time and if you read the factorize documents by stealth that's the word they used by stealth sarap tisha silly since the 1980 s. speeded up through

s froml be seeing baby gif steven major. steven major rejoins is now.comments on disinflation and deflation are extraordinary. what did they mean for the credit market, away from your expert study, full faith and credit, what are the ramifications of that disinflation for credit and high yield? surface youn the would say that the fundamental , the the economic data outlook is pessimistic. it suggests more reorganizations, more restructuring, wider spread. we were setting up for a credit there market coming into this year, things like the flat yield curves, the consumer sentiment. we were overdue a recession. the ideaally, i get that spreads have to be wider. it is not good for credit, but now you have got backstops so the fed has been very clever. without buying very much, they have in a backstop and there was a line in the sand on the 22nd of march of what is defined as a fallen angel. before that, you are good as far as the fed is concerned. i am wondering whether the ecb may go down that route they are not into buying junk. they may own some but they

. >> good steven. >> good steven. >> i'm going to call him james. >> no, steven. what i've learned so far is we can make just about anything work. still healthy. everybody's a little cooped up, and there's the puppy crying, but i think we got this. >> so night shift, 7 p to 7 a. another hospital. >> it was an increase for sure of people coming in and there is a shortage of ppe. >> we're seeing that people have desperately-needed community and a place to center themselves, so they're really finding a lot of solace in our digital membership where they can get that, which is a really sort of humbling and pressure filled rule to have throughout all of this. >> my 7-year-old has a fever and is coughing and is feeling pretty miserable. >> i pray my little guy continues to get better and it was an unfortunate cold and bad timing. but this has been communities are starting to feel the financial impact of covid-19 commonly called coronavirus. but we want you to know that there is help. we have disability insurance for workers who are ill or medically quarantined due to cov

-steven: okay.ration of grafton furniture.

steven -- where is steven?n, is going to say a couple of words about that and some other things. i want to thank steven. the fda's been incredible. they've been approving not only this, but they've been approving many things at a pace that's never happened before. and they're being very safe about it, as steven told me. he's told me very strongly, but at the same time they're approving things at record numbers in a record, at ard record rate. and it's really been helpful. many tests are going on, many vaccine tests and tests of every different kind. and things are happening, just like this event, things are happening rapidly, and i'd like to have steven tell you a little bit about it. thank you very much. >> thank you, mr. president. first, the opportunity to tell you about what's happening at the fd a a. we had a team of more than 18,000 employees including 10,000 scientists, doctors, pharmacists and nurses, and they're been working around the clock because as you probably know, many of the medical products th

political analyst and professor of modern islam at fordham university and in that lee new jersey steven rogers an advisor to the president donald j. trump 2020 campaign welcome to all of you so let me start let me start with you sara so president trumps criticism of the dead in his choosing to cut funding what signal does that send to the world. well of i think it's unfortunate and of course i understand your point of view but i feel it's unfortunate that as commentators and as the media are actually playing into. donald chance strategy here of diverting attention away from his catastrophic mishandle e of the pro virus sarah sarah sarah we're actually not doing that we have a we have a lot of time to talk and i have a lot of questions we are definitely going to get to some of those questions i was just starting with the dead because that's the most recent thing that's happened we're going to we're going to drill down on a lot i assure you oh sure yeah. well it's any signal to the world that. the united states is attempting to distract from dollar chunks mishandling of the issue by targe

it's peter and steven. we didn't like the way that ended.ally like to get together with you and talk it out. >> uh... >> we need to know where we stand and we really want to know exactly where you stand. >> i'd like you to sit down and talk to my father. >> okay. >> all right. bye. >> after our disagreement yesterday, steve and peter called me. they said they talked to their dad and we should all meet. i'm hoping that their father has convinced them that it's time to step it up. >> this is my father. >> how are you, sir? i'm marcus. so what is it that you guys wanted to talk about? >> i mean, when you and i shook on the deal, i told you that i didn't want to give up control of the company. >> when you guys did the handshake and we looked back, we would have done things differently. we want to be in charge of our own destiny, but if we agree to all your deal points, you're in charge of our destiny. >> my deal with skullduggery is for 30% of the ownership. i made sure that deal came with financial control. i did that to protect my investment,

stevens consume is deeply shocked that he is a butcher was targeted by these activists. limited worship or was it my trade is my entire life if a customer comes back and tells me that the meat was particularly good then i'm really happy it's great i'm at a loss for words but that but most of. the existence of butchers like assume it is completely irrelevant to activists just because starting in view of the suffering of animals he says the profession is trivial. limits professional set of morally unacceptable must disappear there are no more executioners either there were no longer needed and the profession does appear to. moderate and of all rights activists in france are suspicious of such radicalism get got here has been fighting for animal welfare for years she doesn't believe that violent action will be successful. when you throw stones at bugger shots it's suddenly all about whether you are allowed to eat meat or not. the question of how the animals are actually treated is completely forgotten. basic knowledge we consume is closing stern since the attack on the shop

steven: i don't think the current indicators tell you very much. we all know the economy is contracting, contracted at an incredible rate. takes as a recession year to develop. it has occurred in a matter of two and a half weeks. so the real question is, looking forward, how do you get out of this, what does that look like, what is the upturn? investors are optimistic by nature, otherwise, they would not be investors to begin with. they are looking at some of are not seeingnd through the fact that everything is not opening up quickly. the unemployment rate in the third quarter will still be very high, recessionary levels. that, the people are going to save more for precautionary balances. to see ane going acceleration of declines in capital spending. it will be down in the second quarter, down probably even more in the third quarter. aat is why we are looking for negative third quarter. we don't think the low is in yet for the equity market. taylor: how long do you think these equity markets could go? that said the s&p 500 below 2020 in 2020. steve

stevens was then number two in the part of the embassy that dealt with the palestinians. he had working for him a young man and another named jeffrey beall for both went on to be outstanding u.s. officials. he had been a cia officer and had come over as a specialist that worked for the state department and was an outstanding performer in iraq and ran for congress last year in hudson valley of new york and did not make it. it was a hotly contested seat. he ended up being president obama's top adviser on i think much of the middle east at one point in the second term. in terms of the future for the young service officers, it's been difficult because they watched how the trump administration reduced the size of the foreign service and number of applicants for the foreign service fell for the peak of 20,000 a year to 8,000 so a lot of people have been discouraged but i know a lot of people, foreign service officers to teach young people and i have a friend at johns hopkins and they say there is still a huge demand for these jobs. i think that the testimony that we have seen i

steven: you know, this has played out as a very classic risk off situation. the more vulnerable currencies have sold off. bn, dollar, the safe havens have done pretty well. the reason of the repo facility was to prevent the credit issues from becoming so severe that instead of being the pop situations that become crisis, we feel the worst is yet to come but are not worried that we will get to crisis levels. vonnie: dollar debt has built up in various e.m.'s, steven. does the world give these emerging markets enough time to repay that debt? do they get help from the imf or various institutions? i think they will get help. it will probably come quicker than it seems to be coming, but $3 trillion in custody accounts, probably more than half of those belong to emerging markets. trillion of liquidity is a lot, and should be able to but i think the imf will be stepping up to the plate. vonnie: what is the likelihood of intervention to weaken the u.s. dollar, stephen? steven: we think they could intervene successfully, so they could come in and knock the dollar down

steven taylor, if i could maybe start with you.spread or it is contained according to what we do. how strongly we adhere to social distancing guidelines. and so, it would seem to me this is as much a psychological phenomenon as it is a physical one? very much so. people's decisions to adhere to social distancing is critical in managing this pandemic. and the longer the lockdown drags out, i would expect the poorer the adherence. but staying indoors for weeks on end with all the anxieties is a real mental battle, even more so if we're facing months of these lockdowns. exactly. we know that people are generally resilient, but a fraction of people are going to experience severe stressors during this pandemic. in addition to lockdown, people lose jobs, finances, lose houses, businesses go bankrupt, marriages crumble, and so we'd expect that a fraction of the population will develop severe mental disorders such as depression or post—traumatic stress disorder. and even if that was i% of people, that amounts to many millions of individual

steven taylor, if i could maybe staffed with you.it is contained according to what we do. how strongly we adhere to social distancing guidelines. and so it would seem to me this is as much a psychological phenomenon as a physical one? very much so. people's decisions to adhere to social distancing is critical in managing this pandemic. and the longer the lockdown drags out i would expect the poorer the adherence. but staying indoors for weeks on end with all the anxieties is a real mental battle, even more so if we are facing months of these lockdowns. exactly. we know that people are generally resilient, but a fraction of people are going to experience severe stressors during this pandemic. in addition to lockdown, people lose jobs, finances, lose houses, businesses go bankrupt, marriages crumble, and so we ‘d expect that a fraction of the population will develop severe mental disorders such as depression or post—traumatic stress disorder. and even if that was one % of people that amounts to many millions of individuals. so the ment

so. >> reporter: it's a difficult decision business owners like steven are grappling with.o reopen or not. as georgia leads the charge back to work. >> this is a dress rehearsal for the entire country. >> i've taken this measured action, we will get georgians back to work safely without undermining the progress that we all have made. >> reporter: the controversial move made by governor brian kemp sparking criticism, with some questioning whether it's too much too soon. >> but i wasn't happy with brian kemp. i will tell you that right now. >> reporter: as the state continues to weigh the economic damage of stay-at-home orders against public health concerns, the nation now looking to see whether georgia serves as a road map or a cautionary tale. as roughly 26 million people have filed for unemployment. at least a dozen states easing restrictions. >> i think we found the sweet spot. but it's a risk. >> reporter: a risk some governors won't take. >> we know that no one wants a second wave. >> we all have to be smart about it. >> reporter: with the u.s. death toll from covid now

and so steven spillberg, guillermo del toro, sam raimi, i can go on and on. it's just an amazing people have showed up, used these new tools, created a new form of storytelling, and it's super exciting. people are having a ball, they're really loving it. >> can we go back to steven spielberg for a second? that is so innovative, i love his project. you can only watch it after sundown. >> so when steven came in, he met with the creative team, they kind of took him through all the different type of things we were doing. and, you know, he left, and like literally just two weeks later showed up in my in-box, four chapters of an original idea that he had written. and it was super creepy and very scary. and he said, my only consideration is, i only want people to watch it at midnight. now, i've been in business with steven for 25 years, and i know when i hear something like that out of him, there's only one thing you can do, which is to say, and why is that? because there's always going to be a good answer, always. and he said, well, how much scarier would this be i

later, authors ronald kessler, bob woodward, victor davis hanson and steven moore discuss their books about president trump. enjoy book tv now and over the weekend on c-span2. >> c-span has around-the-clock coverage of the federal response to the coronavirus pandemic. it is all available on demand at c-span .org / coronavirus. watch white house briefings, updates from governors and state officials, track the spread throughout the u.s. and the world with interactive maps. watch on-demand anytime, unfiltered at c-span .org / coronavirus. >> it is nice to have everyone here this evening and i look forward to our conversation.

steven taylor, if i could maybe staffed with you.it is contained according to what we do. how strongly we adhere to social distancing guidelines. and so it would seem to me this is as much a psychological phenomenon as a physical one? very much so. people's decisions to adhere to social distancing is critical in managing this pandemic. and the longer the lockdown drags out i would expect the poorer the adherence. but staying indoors for weeks on end with all the anxieties is a real mental battle, even more so if we are facing months of these lockdowns. exactly. we know that people are generally resilient, but a fraction of people are going to experience severe stressors during this pandemic. in addition to lockdown, people lose jobs, finances, lose houses, businesses go bankrupt, marriages crumble, and so we ‘d expect that a fraction of the population will develop severe mental disorders such as depression or post—traumatic stress disorder. and even if that was one % of people that amounts to many millions of individuals. so the ment

>>with the adverting revenue stevens, youtube channel is helping feed s family.says it bringsin more money than his job as a part-te theology professor at universities and leading that moves to see all the support reach thchannel but on the other hand is sort of just a lile eird thai'm from the youtube channel a time when a lot of people are he's found a way to give back more or less you didn't receive in this new video stephen annoued fundraiser thugh his website tips for clint hair dot com where he sells grooming products and i am announcing that 100%. don't need to those affected by coronavirus and an >>by the y i did follow stevens tips for clips and he approv the >>and as r women's hair that is not part of steven skill set at this time, but he says maybe when his daughter gets a little bit older. she let him practice on her. dennis shanahan fox 40 news come >>the ladies out by a be careful with the clippers and the scior side how do you cut the back that's what i wantethat look ay here we go a ttle bit outside checking in supple a lovely shot, lots of sunshi

steven mnuchin says he is considering creating a government lending program for u.s.l companies looking for aid. below zero for the first time earlier this week. we have a number of super majors reporting. the oil priceto its self, the fact he is thinking about a lending program for struggling oil companies, he has pointed out investment grade drillers should look to the fed. does that give you comfort if we declines, it might not feed through to the rest of the equity market because of concerns about defaults the oil sector? yes, to some degree. we are already beginning to see silly like that is the oil and energy sector pickup from the rest of the market. it is by far the worst performer. companies are really struggling. really poisoned the rest of the market. one thing we are focusing on right now is the wide dispersion between various sectors. the gap i came across, between the best performing sector and the worst performing 50%.r, drop in the equity index. they are focused on sectors that can do better and sectors that can do worse. it has allowed them to perform

steven told me very safe about it. steven told me very strongly.ut at the same time, they are improving things at record numbers at a record rate. it's really been helpful. many tests are going on, many vaccine tests. tests of every different kind and things are happening just like this, things are happening just like this, things are travelling very rapidly i'd like to have stephen tell you a little bit about it. thank you very much. thank you, mr president. i appreciate the opportunity. we had a team of more than 18,000 employees, including 10,000 scientists, doctors, pharmacists and nurses and they been working around the clock. as you probably know, many of the medical products that are being used for the outbreak are in fact regulated by fda. the staff have been hard at work authorising tests and other medical products. as part of these efforts to support diagnostic test development during this local pandemic, the president has asked us under his leadership to actually cut down as many barriers as we possibly can to get medical products into t

steven is about to don his. her team have to wear ppe, personal protective equipment, that offers the fullest possible cover. all the patients they see on this night have coronavirus and are unconscious, on breathing machines. they have to get very close to them. and that it is us done, so we're going to start our ward round for this evening. i will leave you outside, so that we do not bring it in with us and we will touch base with you again later. so, it's now 5:20am and we've had a really busy night here in intensive care. the nursing staff and doctors have worked non—stop and it's really important that we look after ourselves as well as our patients. sadly, there's some battles that we're not going to win. the team try not to phone families overnight, but they have to call if they think a patient is about to die. but even then, relatives can't come here for their own safety. at these times, normally families would be present in intensive care all the time by their loved ones‘ sides and with visiting rules be

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treasury secretary steven mnuchin ways a lending program for u.s. companies.hat price will he put on that lending program? about that next. this is bloomberg. ♪ anna: welcome back to the european market open. start5 minutes to go the of the european trading day. gloomy news from gilead. we will get to that shortly, and gloomy news coming in for the data in the u.s. and eurozone. it seems this friday, markets taking a step back and asia and expected to in europe as well. poised to cut output of its 787 dreamliner by about half. sources are saying it also plans to cut jobs when it reports earnings next week. boeing's chief is hinting serious measures will be needed. fair warning the market of a new reality with a much smaller jetline market. the world's largest chipmaker's warning of economic uncertainty caused by the coronavirus pandemic. given optimistic second-quarter sales target, but profit outlook fail -- fell short of estimates. the risk of running low on cash within weeks, the german airline says they have deepened its distress. talk now for a multistate

justice ginsburg: i spent the first week of july with justice stevens in what turned out to be the last week of his life. he was remarkable. he was 99 years old. since he left the court at age 90, he has written four books. so yes, he's my role model. [laughter] david: so, today, many people think that the court is very political, that people appointed to the court by democratic presidents and those appointed by republican presidents tend to follow the political desires of the republican or democratic party. do you think that's a fair assessment? and why do you think, if it's not fair, people have that view? justice ginsburg: people have that view because agreement is not interesting. disagreement is. so the press tends to play up 5-4 or 5-3 decisions. but if we could take just last term as a typical example, we had 68 decisions after full briefing and argument. of those, 20 were 5-4 or 5-3 divisions. but 29 were unanimous. so we agree more often than we disagree. and that's something i would like the audience to take away, that the divisions, yes, they are on some very important questi