that's just not tex mciver. >>> coming up -- a media firestorm, and tex provides the match. >> tex'somment -- >> gets blown up into, he's making this up to get out of the fact that he shot his wife. >> could this have been more than an accident. >> there were no tears, there was no -- i never saw him cry. >> when "dateline" continues. they will, but with accident forgiveness allstate won't raise your rates just because of an accident, even if it's your fault. cut! sonny. was that good? line! the desert never lies. isn't that what i said? no you were talking about allstate and insurance. i just... when i... let's try again. everybody back to one. accident forgiveness from allstate. click or call for a quote today. auto >>> the death of diane mciver at the hand of her husband tex was big news in atlanta. >> new at 5:00, an atlanta lawyer who says he accidentally shot and killed his wife. >> and with two wealthy, prominent people involved in a shooting, rumors were on everyone's lips. that's when bill crane, a public relations consultant, offered to help his old friend tex. >> social me

she says tex watson did the stabbing, he himself confirmed. tell your side of the story. after of the mid '80s, any effort that you make to tell a story that's different from what the court believes, you're trying to minimize, you're not showing insight. to that's really key. and the problem with insight, one of the interesting things about using insight is that insight is whatever they want. so if there are strong political reasons for not letting you out, they can always say this person doesn't have insight. now, this is really important because in the last 20 years the -- [inaudible] in hearings is you can't deny somebody parole just based on the heinousness of the crime. but they can always say you're not showing insight about your heinous crime, and then they don't let you out. now, there's another interesting thing to point out and that's that the prosecutor present at all the hearings. the guy that you see here is one of the original prosecutors in the manson family trial. he used to come into every single hearing and programmed -- pioneered a program in the '80s.

you can predict and track the outcome based upon people in poll tex and frankly a whole bunch of white men saying we won't be told what to do by government. that's sad that it's costing a whole lot of people their lives. >> you both stick around. coming up, president donald trump dismissing the concerns of the moment, putting all of us in peril. my memo to the president. but first, my colleague lindsey riser with today's top new stories. >> thanks, rev. >> i'm here with a news update. the number of confirmed coronavirus cases continues to climb and is nearing the 3 million mark. at this hour more than 130,000 people have died. new infection hot spots include florida, texas and arizona. president trump today signing into law a temporary extension of the subsidy to businesses battered by the coronavirus. >> long-time confidente of epstein ghislaine maxwell was picked up in new hampshire and she was ordered to be sent to manhattan and to have another judge determine whether to grant her bail. >> and. >> the department said an investigation into the matter led to their dismissal. r led to

this is a story that tex watson confirms.il the mid-80s there like tell me your side of the story. after the mid-80s any efforts you make to tell a story that different from what the court believes, you're trying to minimize your not showing insight. so that's key. the problem with insight one of the interesting things about using insight is that insight is whatever they want. so if there are strong political reasons for not letting out they can always say this person doesn't have insight. this is really important because the last 20 years the rule in parole hearings if you can't deny somebody parole just based on heinousness of the crime. it's not grounds for release. but they can always say, you're not showing insight about your heinous crime then they don't let you out. there's another interesting thing to point out about this and that step the prosecutor is actually present at all the hearings. the guy you see in the picture stephen j is one of the original prosecutors in the manson family trials he used to still come int

big tex for most powerful c.e.o.'s get a grilling by u.s. congress over political censorship and competition. and hundreds of british health workers march on downing street to demand a pay rise for all in the sector saying this still battling the pandemic of front line but only getting applause. by their life force international's world news h.q. moscow is kevin owen here for the next 30 minutes with the latest update to stay with me to is to take you through it 1st then the united states is slashing its military presence in germany it's withdrawing or redeploying nearly $12000.00 personnel is part of a long running dispute with berlin claiming it's not paying enough into the nato military alliance or foe on the sidelines of all that a slip of the tongue by the u.s. defense secretary raised a few eyebrows. i've said very privately to my counterparts as well about the importance of nato any alliance sharing the burden so we can all deter russia and avoid peace in the course of he's paid all of us their money pay us a clip is probably going to

he's infinite. >> tex watson, who did most of the actual killing, was convicted and sentenced to dieal. but in 1972, the california supreme court ruled the death penalty unconstitutional. the sentences were reduced to life in prison. there would be no gas chamber for any of the manson family, which meant that all of them, even charles manson himself, would have a chance at freedom after serving their sentences. manson, tex watson, patricia krenwinkel, and susan atkins all had parole hearings, and each time they were denied. in 2009, atkins died in prison. but leslie van houten, she did have a chance at freedom. >> it doesn't matter whether i wielded the fatal blows or not. i feel responsible for both of their deaths. >> in april 2016, the parole board recommended releasing van houten. each time the governor's office overruled the decision. sharon tate's younger sister, debra, was relieved. >> i don't think she deserves it. these people were brutally butchered. there has to be some kind of accountability in this world. >> convincing the jury of this very esoteric, sophisticated motive

big tex has been gaining ground. -- big tex has been gaining ground. do we know which companies and brands are positioned to respond to this disruption? >> two ways. we are looking for the companies that have been left for dead or roadkill after covid-19 is behind us. that would include small caps which are still above $1 billion in market cap. , 5000 stores and $3.9 billion in sales and cash flow positive a good. -- they are gone. will make it but sally will not. we also look for the post-covid 19 world. , because car sales are down so people have to take care of the cars they have much more than a new car the comes with the new oil and you have a few thousand miles. people are driving, they will have to have a oil changes. we saw a car sales today which disappeared. it was unbelievable if you think about car sales down more than 30% for the quarter. toyota is down 35% on the quarter. fiat chrysler is down 39%. a company like valvoline is perfectly positioned to pick up on that loss. on the void that is created. we look for those. tech is that big mel

big tex gets bigger. apple, and facebook beat the street as people rely on their products during lockdown. that pushes u.s. futures higher after the s&p closes in the red, back to a record downside in gdp. europe reveal in how well it weathered the shock of the coronavirus. a blowout performance in fixed income trading beating all but one of the large wall street banks. the cfo does not see an economic recovery anytime soon, though. >> there is a pickup in activity . it is stronger in some. said, you should look at the whole world. level,it is back to the we don't think that will happen until 2022. nejra: let's get more detail on those numbers from bnp paribas. that trading we are talking about, it surged 154%, trailing only morgan stanley out of wall street banks. it was a blowout performance of b.n.p. paribas in fixed income trading. it allows the lender to move past embarrassing losses from equity derivatives at the start of the year. basically what bnp paribas has said about that jump in fixed trading

and in moments, ag bill barr's devastating to a town of hollywood and big tex cozy relationship withna, i've been waiting for someone to say this. it's one of the most consequential speeches on the subject come in just a moment. stay there. >> laura: this did not get nearly the attention it deserved especially considering the importance of the topic. yesterday attorney general bill barr delivered a stark warning on the dangers of further economic and cultural entanglement with communist china. first of the big business interest and globalists pushing for more trade, he had this to say. >> the ultimate ambition of china's rulers isn't to trade with the united states, it is to raid the united states. if you are an american business leader, appeasing the prc may bring short-term rewards, but in the end, their goal is to replace you. >> laura: it was a tour de force. china isn't just looking to control our industries but our cultural institutions as well, from universities to the film industry. bar called out these bad actors as well. >> hollywood now regularly sensors its own movies to

on this day where we hear from big tex, we see the nasdaq doing the best.mer discretionary and staples are holding their own. showingls and energy some weakness out there, but it is a mixed bag. it is a struggle between the reopening of the economy, resurgence of covid-19, and then when we hear from big tex, how their ad picture will look, will they see a big dent, or will they mourn the high levels of pricing they had seen recently? state hasng, an eerie settled in. a rise in the number of coronavirus cases. kong onaunching a hong edge series, and here is a preview. i honestly feel, at the end of the day, at the moment, we are on an airplane with turbulence. everyone is holding on waiting for the plane to land. in most cases, the plane lands safely. >> or waiting for it to crash. >> i honestly feel this airplane will not crash. china needs hong kong. they need an open hong kong. they just want to keep it safe, they want to make it stronger. >> beijing surely does not want a stronger pro-democracy camp. before the adjustment to the national security law, de

taylor: when you talk about that big tex strength it is -- the big tech strength is exacerbating the trend -- how's that faring as the winners continue it to extend the gains? abigail: it shows on a year-to-date basis. apple is up year-to-date as a sign of the winners. chevron, which also reported today, down more than 30%. if we were to take a look at this relative to the s&p 500, we will see on the year apple and amazon up in a huge way. on the other hand, the s&p 500 flat. the s&p 500 equal weighted index is down almost 9%. this is the tale of two stories relative to stocks around 2020. the pandemic haves, the have-nots, the winners and losers be interesting to see how it plays out net-net. the s&p 500 is flat, but if you equal out, you have the s&p 500 down. interesting to see all of that plays out. kevin: thank you to abigail. not just to traders who want to know what is happening in washington, d.c. with the economic stimulus, but mayors around the country saying they need more cash to deal with the economic effects of the virus. joining us is one of those mayors, steve adler,

unfortunately southern states, which had not been previously impacted to a great degree -- california, tex, florida, arizona, are now experiencing surges of infections that have gone up to 30,000, 40 30,000, 40,000, a total of 60,000 new cases per day. we need to get our arms around that and do it quickly because if we do not, there is a possibility that we may be seeing surges in other areas. we are in a challenging period right now as we speak. . dealt with, you have hiv, aids, ebola, zika, h1n1, so many other epidemics out there, and you have worked with the communities that have been impacted in those communities that might be vulnerable. what is not clicking in this case? dr. fauci: well, first of all, the nature of the microbe itself, the pathogen, this is something i often describe -- and not to be hyperbolic about it -- it really is the perfect storm and a public disease experts worst nightmare. it's a spectacularly transmissible virus. efficiency in which this transmits is really striking. in addition, the wide degree of variability from a certain proportion who get no symptoms up

. >>> now on kpix 5 and streaming on cbsn bay area a big day for big tex. the heads of apple, facebook and alphabet in the hot seat before u.s. lawmakers. good afternoon. i'm michelle griego. >> i'm len kiese. that story in a moment but first san mateo county on the states coronavirus watchlist. it is the last bay area county to be added. by now the county has more than 5000 cases with 118 deaths. the state has said counties on the watch list for three consecutive days need to close businesses like fitness centers and hair and nail salons.> i'm i'm li ae news desk and monito thebig tech roles in society. the hearing is ongoing. it comes to the economy and talking about truth versus lies and the harvesting of people's data. members of the antitrust subcommittee will the tech leaders by video screen which is a coronavirus precaution. the question if current regulations are enough from these companies having too much power. >> i share the concern that market dominant in the digital space is ripe for abuse, particularly when it comes to free speech. >> the lawm

big tex for most powerful c.e.o.'s get a grilling at the u.s. congress of a political censorship and competition can see. it techs out.

>>i just cut to the chase big tex out to get conservatives republicans like jim jordan criticize tech companies for what he says is an obvious bias people are using their platform to disseminate provably false information they do have an obligation to take it down democrat adam schiff says foreign actors like russia use these platforms to spread false information americans think these are other americans talking to them other americans organizing protests when in fact they may be organized of st. petersburg lawmakers expressed interest in writing a bipartisan bill to better regulate tech in washington, i'm joe khaleel. >>president trump says in a recent phone call he had with russian president vladimir putin they did not discuss the alleged bounty is against us troops in afghanistan. a report last month suggested that russian intelligence officers offered money to taliban fighters in afghanistan for killing us or british troops. in an interview, the president says he has never discussed it with putin but he would have no problem talking about it with him and frankly. >>that's an issue

. >> reporter: in exthe tex, the governor is threatening adown i his mask mandate. >> we're dealing with community spread. anybody you come into contact with could have covid-19. >> reporter: one bright spot, the navajo nation, once one of the hardest hit areas in the u.s., strict rules including 57-hour weekend lockdowns and widespread testing to bring infections down. >> there have been lessons learned from what we went through on the navajo nation. it can be a case study. >> reporter: a case study to stop this indiscriminate killer. chris pallone, orlando, florida. >>> for the first time in the pandemic, the president wore a mask in public today at walter reed national military center. it comes after months of aides prodding president trump to wear a mask. president trump told reporters he was never against masks, just believed there was a time and place for them. >>> it's a hot weekend in places here in the bay area and a busy one for firefighters battling a grass fire near mount hamilton and caruthers road in san jose. damion trujillo never really takes a day off. from the traffic c

perdiendo el el nÚmero de númer ha aumentado tanto aumentado e tex arizona ques algunos condadosy querpos lasf muertes aumentanetrasan e porque las mun teslos hospitales e dic e este funciono en la ciudad hosp de sa, dice esten antoni funco nario de la ciudaduna de san las antonio, una de las más mÁs cas caenigadas, en phoenix phoenix,n arizon rea aron 14ha trÁilern rentado s (información en pantalla) >> (información en pantalla) propÓsito, florida present >>10.000 casos en un dÍa y mÁs cien muertes, julio es uno de n los hospitalo pued. o ver mucho hacia afuera h >> julio es un hospitalizado qu, consecuencia del coronavirus. >> >> me he se quedado espera sin r el coronavirus (covid-19) contagios llegue >> a s su pico lae espera que m efectoemana pero tambiÉn que >> de la semana las cobren efec. qu mitad de la seme a queviene reducción de infecciones una reducciÓn de infecciones, y si es el caso, estaremos bien. >> >> y el uso de l ya mascarilla sigue causa división e divisiÓn, en esta stan reuniÓn seutah susp reunión rupo quefue suspendida protesta, e de un gobernador de georgia, de

at big tex,i look significant this a economic damage we have seen? can big tex be immune from it?t google, they should be impacted as well. that disconnect for me is more troubling. that leaves room for a huge rotation. rishaad: a lot of people are comparing this rally to what we are seeing, the bubblelike qualities in the.com area. these companies have earnings now. that free cash flow as well. it is not the same. nader: these companies have cash flows. the valuation measure was the burn ratio in the .com era. it is not the same. from a, in my view, there is more of a eps bubble expectation. , the highuybacks earnings expectations, tesla is trading around 300 times. tech is showing some signs of bubble. that is a concern. >> you say beware the rotation in the second half. rotation doesn't make sense. the economic recovery seems to be looking better. nader: absolutely. european is a key beneficiary. they are looking better on their politics. it took a crisis for the european union to realize they need a fiscal union. the recovery fund is a step in the right direction. you look at

>>i say a grab your cues hotel kids cinema tex let them know you all love them, let them know they matter that could be something they could be different and what they is and they got to not succumb to this senseless stuff pay it hits you. got to pay attention at all times. >>the san francisco police chief bill scott said he doesn't believe chase young or the other man who was wounded were targeted at this point he says they have no suspects and are seeking the community's help tracking that person down live in san francisco. dan kerman kron 4 news. thank you jim. >>a fast moving grass fire in eastern contra costa county led to the temporary evacuation of roughly 500 homes this afternoon. it happened in the summerlake neighborhood of oakley in the area of sand mount boulevard and east cypress road that areas just south of bethel island fire crews have contained the fire they say it started in a field and then moved pretty quickly towards the subdivision of the 500 homes 30 to 50 were threatened at one point people are safely back on their homes but so that brush fire got on comfortably cl

big tex for most powerful c.e.o.'s getting a get a grilling by the u.s. congress cyber political censorship and competition concerns and hundreds of british health workers marched on downing street to demand a pay rise for all in this sector thing that they are still battling the pandemic on the front line and getting any praise. but i welcome you watching r.t. international this thursday afternoon 1 o'clock here in the russian capital the united states is slashing its military presence in germany withdrawing all redeploying nearly 12000 personnel is part of a long running dispute donald trump has been lain claiming it's not paying enough into the nato military alliance although a slip of the tongue by the u.s. defense secretary did raise a few eyebrows. i've said very privately to my counterparts as well about the importance of nato any alliance sharing the burden so we can all deter russia and avoid peace in the course of he's paid all of us that morning pay us a clip is probably going to come but still a bit of a worry though for germany isn't it but w

custom a civil servant who coordinated the reopening of fronts following the krona virus law to cast tex is now a tell us with shipping a new cabinet present meanwhile says that a new team will help lead france's reconstruction he's trying to win back voters to his centrist party after a sizeable losses in last week's municipal elections on also to bolster his reelection bid but is vowing to chart a new course in the final 2 years of his presidency. trump's run into a hurdle in bringing american troops back from. the congress armed services committee has put a block although a troll approving a new amendment to the national defense bill it targets the trumpet ministrations plan to a draw more than 4000 troops from afghanistan by this or some the move would reduce the number of troops to the lowest numbers since the start of the war in afghanistan back in 2001 but any american exit depends on the us taliban peace process this is about american leadership we prevent terrorism we prevent a civil war in afghanistan and we also send a clear message of keeping our commitments this is an amendm

after striking down big tex program of transferring data across the atlantic.he european court of justice ruling says that businesses that chip information to the u.s. face increased scrutiny. the u.s. says it has doubts of increased protection laws in the wake of at snowden's revelation about u.s. surveillance. and the european banks as it will not be constrained by dogma through the virus fallout. rusty lagarde says she expects -- christine lagarde says she expects -- despite some policymakers saying that may not be necessary. the ecb governing council came to know decision at its latest meaning. global news powered by more than 20 700 journalists and analysts 2700ore than 120 -- journalists and analysts in more than 120 countries. this is bloomberg. haidi: the coronavirus continuing to set grain records. global case is now above 13.5 million. in brazil, they are topping 2 million cases, india at one million. singapore sees a spike in new infections. the u.s., though, is still the epicenter, with florida and texas reporting record numbers of fatalities. for m

big tex for most powerful c.e.o.'s get a grilling by the u.s. congress over political censorship and competition concerns and hundreds of british health workers march on downing street to demand.

with democrats coming in, that will put more pressure on big tex. to me -- on big tech. think there will be a slowdown in business on time -- in time. -- i think we have to engage with society again, and that is why when i hear these commentaries on the virus, i just feel that engagement is part and parcel of human nature, and if you don't engage, you have job losses. if you don't engage, you have mental and psychological issues. i don't see tech going away. i don't see valuations as an issue. i think people will continue to invest in tech. you have to invest in tech everywhere. i think the private markets are going to give you more upside on tech and the next two or three years in terms of private deals, than are the public markets. francine: what do you see as the legacy of this crisis? is it job losses, is it something else, or will we just eventually return back to normal? i know it is a very complicated question. questionbably a good if you need to look at trends for the future. francine: i think one thing -- nikhil: i think one thing before we speak about the conse

on a week where so many people have discussed pivoting away from the u.s., it is the strength of big texhat is driving us into the green. sub 60 on a 10 year. the price action shaping up as follows, dollar just a little weaker against sterling and the euro. the euro advancing several tents of 1%. percent. of one tom: this is without question the most important interview bloomberg will do on the state of global fiscal policy. fiscal monitor is a critical document in these times. dr. gaspar joins us now. give me an update on your confidence that we can expand by trillions our debt over the justification that interest rates are so low. do you buy that concept? >> yes, i do, tom. blogwe emphasize in this that i just put out is that global debt is at this point in time at record levels. never in history has global public debt been so high. it is now above 100% of world gdp. it is so high because we are facing a crisis like no other. in that context, the fiscal response has been very quick and unprecedented. months, thefew response of fiscal policy is bigger than during the global financial cr

big tex for most powerful c.e.o.'s get a grilling at the u.s. congress over political censorship and competition concerns. to get conservatives that's not a suspicion that someone on stats a fact i believe it is in fact your company that is engaging in the election interference and i'm familiar with the details by. hundreds of health workers much on turning street to demand a pay rise for all of the sectors saying they're still battling the pandemic on the front line and getting all the applause in. the morning to the nationals will be sent here in moscow kevin 0 in with you for the update for this next hour we stick around and maybe to the whole thing ok we started with this the united states is slashing its military presence in germany it's withdrawing all redeploying nearly $12000.00 personnel it's part of a long running dispute with claiming it's not paying enough into the nato military alliance although a slip of the tongue by the u.s. defense secretary raised a few eyebrows to. i've said very privately to my counterparts as well about the

big tex for most powerful c.e.o.'s get a grilling by u.s. congress over political censorship and competition. and hundreds of british hell.

big tex for most powerful c.e.o. . who can say.

big tex for most powerful c.get a grilling by the us congress i have a political censorship and also competition concerns and hundreds of british health workers launch on downing street to demand a pay rise for all in the sector saying that they are still back in the pandemic on the front lines.

lawmakers have been questioning all day the big tex ceos. all abouts connection and our business model is advertising. we have faced intense competition in both. >> we have fierce competition on the developer side and customer side. it is so competitive, i would describe it as a street fight for market share. vigorous competition, be it travel, real estate. >> we don't have a dominant share in any market or any category where we do business. >> history shows that if we don't keep innovating, history will replace every company here today. four big antitrust battles. gary reback, great to have you with us. they are talking about competition, trying to fend off the argument that they don't have enough competition. very much part of them coming down on lines of privacy, the alleged liberal bias. are the questions landing today? gary: i think so. the clips you showed were from the opening statements, where they were not questioned as they were given those statements. the questioning started very harshly, in my view, particularly the democratic me

we know we have a lot of migrant workers especially out west where you and i grew up in california tex and for that that's going to be hit and that the economy is there greatly but why does this all matter ben. well it certainly matters to the countries that get these are minton's is because remember the when workers come to the united states and by the way the united states far outpace every other country in the world in terms of remittances meaning workers come into the united states who work here and then send money back to their home country but that money doesn't go to governments in those countries it goes back to families in those countries that's why workers come here that's why in california and texas new mexico and colorado you have workers who go in they work seasonal jobs certainly migrant workers who work in fields they come here for a season they work they send money back home to their families and in some cases go back and live there for a time and then come back up seasonally to work and it happens quite often if the united states has about 152000000000 dollars that flo

big tex for most powerful c.e.o.'s get a grilling by the u.s. congress over political senses ship and competition can.

to get the market to like you is either to be big tech or to be directly competing with big tex.hat is what walmart has been trying to do, announcing a subscription service. $98 per year gets you access things like same-day shipping. that is seen as something that could boost profitability for its web business and bring you more on par. i would note that walmart was the biggest points contributor to the s&p 500 and the biggest contributor to consumer staples index, the only one that ended the day in the green today. taylor: kailey leinz, market reporter, thank you for joining us. i want to stick with some of the big tech movers. we go to dan ives. talk to be about these record highs. does anything about this market, the fact that it is led by so many companies getting bigger and bigger, does any of that make you nervous? dan: the stronger getting stronger. you are seeing that with faang names outperforming. we think they could be up another 20, 20 5% over the next months. i think what is starting to happen now across cloud, across cybersecurity, e-commerce, you are seeing a lack

cnn's nick watt has more from tex texas. >> reporter: the good news out of l.a. is we will not be going back to a stay at home order this week anyway. the cases are rising, but county authorities say there is capacity in the hospitals. the problem is becoming one of the leading causes of death giving people with alzheimer's, strokes, copd. in a six-month period killed twice as many people as the flu killed in an eight-month period. now california in general a record setting day. 12,807 new cases reported in a 24-hour period. the governor also says that it is preposterous that some test results here are still taking 14 days to come back. he says that that means that you can't find a person that's infected and quarantine them so they don't spread it around. he wants better testing and like everybody, wants us all to wear our masks. laura and christine, back to you. >> thank you for that. >>> white house staffers are being urged not to panic after a new covid case was found there. a cafeteria worker in the white house complex has tested positive. meanwhile, presiden

check out big tex surges. it is painful, regrettable for the bears. to be painful and regrettable, whichever side of the aisle, it will be interesting. presidentially press conference starting this afternoon with the masked one. good morning, this is "bloomberg surveillance." i am tom keene francine lacqua. thisine, your thoughts on historic moment for europe? francine: i think it is all in the detail. i have been following it pretty

forward and so much of the news out of washington this afternoon will be from the house hearing with big tex ceos. with regard to the stimulus, i think the next major development will be if there is a significant breakthrough. i think it will come between the treasury department and speaker betweenefore it comes posey and mcconnell. tom: who is driving the bus? >> mcconnell. based on the conversation we have had for weeks about political capital from the white house. the lack thereof, that is the perception among democrats. as a result, you are seeing republicans in the senate and house are feeling emboldened with their own negotiation strategies in order to move forward. quite honestly, this is based off of so many conversations we have had for the past couple of weeks, i think the pelosi camp would rather deal with the treasury department than to deal with the senate. is a calculation that mcconnell would be able to get in the next couple of days more of his caucus on board. francine: kevin, good morning from london. i have been trying to keep up to speed. bigger between democrat and repub

. >> big tex taking a break for the first time since the world war ii. the texas state fair canceled as medical personnel are sent to san antonio to help. >> the four days combined were the four deadliest days. my concern is we may see greater fatalities going forward. >> reporter: in florida icus in 43 hospitals are now full. >> when you look at our younger population, we know had a tremendous spike in their positive rate which has in turn affected other people. florida still won't reveal how many covid-19 patients are in hospitals despite the governors's claims. >> governor, it is not available. >> reporter: but miami-dade does and it's up 90% in two weeks. still the state issued an order for schools to reopen next month. >> we can't put our teachers in this petri dish of danger. >> i will not reopen schools august 24 if conditions are what they are today. >> an employee was terminated for coughing in a baby's face during a dispute. and closed indefinitely after five positives. test lines are getting longer. >> all of this makes it harder to manage the

stocks in other areas not doing well, caterpillar, energy stocks, that money seems to be going into big texyou mentioned -- big tech. you mentioned apple. this is their fifth stock split. it has a history. 1987 was the first one. it took quite some time to 2005, it tookter less than two years. here we are. some of this does make the stock more friendly to investors, retail investors in particular because instead of buying a stock that is a few hundred dollars, they will be buying one they think is cheaper, even though it is not, but the optics makes it easier for that retail community to get in. some analysts recommend amazon $3200, $500,ead of $600, more appealing to the retail investor. right, absolutely, definitely makes it more achievable for retail investors. thank you for joining us. moving on to the story i mentioned earlier, the president hatching a plan to order tiktok, the chinese parent company of tiktok, to sell its u.s. operations. the personnow is covering the story. what is the president considering, and how is this within his power? has been an interesting day. said and mike

do you think they will continue to be left behind and big tex will take on a bigger and bigger concentration of the total index? for cyclicals to , we need to have not just better economic data and a rising rate environment. need toa cocktail we see those companies do better. has the experience of improving short-term economic activity, the valuation of the near term growth becomes more of a focus for portfolio managers. that inflection upwards, the investment is on the longer term growth companies. there's other components inside of the market. those are the stocks that we really focus a lot of attention on. the technology sector is more closely trading on fair value that may be many people anticipate. a lot of people think tech is highly valued. on the other extreme, you look at household consumer product companies, some of those trading much more rich valuations that are model would suggest. tom: toothpaste companies at the 25 pe. i want you to take the 60,000 foot view. we've got money up to our eyeballs. the money costs nothing. are we preparing for a great american rollup where the onl

scarlet: the biggest knock against big tex -- there outside gains leave little room for misses. be quick to fleet, especially with optimism or in improving economy with lasting rotations into other sectors. here's what can remove some of the shine from the biggest tech names. mayapple, the pandemic delay iphone 12 and may leave the company unwilling to give a sales forecast. amazon revenue likely grew more than 25% but it is also spending a lot. how much will it spend to keep the delivery network running smoothly? microsoft is benefiting from a shift to the cloud, but is giving up some revenue now by allowing to defer payments on contracts? if the economy stumbles further, advertising budgets could disappear, including facebook and alphabet. alphabet relies on small businesses, particularly the travel sector. when you only gone up, it does not take you allotted knock you down a peg. emily: scarlet fu there. microsoft, intel, and twitter. we will be on top of all of that as the numbers rollout over the course of the week. that does it for this edition of bloomberg technology. blo

and in moments, ag bill barr's devastating to a town of hollywood and big tex cozyre relationship withve been waiting for someone to say this. it's one of the most consequential speeches on the subject come in just a moment. stay there. 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. touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. he used to worry about how to fix the world's oral health problems. - i think i've got it. - [narrator] then he invented therabreath formulas. - you want fresh breath? i'll give you a fresh breath. - [narrator] for fresh breath, healthy gums, dry mouth, and healthy smiles. - whoa, that's fresh. - [narrator] now, the world's mouths have never been healthier. (sighs contentedly) - works for 24 hours, i guarantee it. therabreath, it's a better mouthwash. - [narrator] available at walmart, target and other fine stores. >> laura: this did not get nearly the attention it de

negative followthrough from big tex. in the bond market, yields higher by a single basis points. euro, better pmi out of the euro zone. are we expecting a similar theme in the united states? the answer to that is not right now. a shift in the last several weeks, where economists are starting to look for a loss of momentum in the data. in the high-frequency stuff, we sought in jobless claims, will we see it in the payrolls report? tom: what we will do right now -- usually betsey stevenson darkens the door on jobs day and we're worried about what happens at 8:30. we can speak to one of our leading policy analyst, betsey stevenson writing for bloomberg opinion and her work formerly with the department of labor. good morning. on thes direct questions immediacy of where we are. i want to go to your twitter feed. broadly and we always frame this as just the problem of the person experiencing it. if we frame is a broader problem for the economy, surely the collective will will be there to do something about it. the u.s. -- lisa: the u.s. census has released a survey saying more than 4 m

wrong market call because of the dmx of the equity market -- the dynamics of the equity market with big texit -- with big driving it. tom: i think you have to go through three or four bouts of losing money, not that i would know what that is about, trying to link economics to the equity market. i would go to peter lynch 101. no the product, use it every day come and get a visceral feel for what the company is doing. and describes a.m. zi yan it certainly -- amd and it certainly describes apple. jonathan: did you know the dax was up last year? does anyone remember? it was up 25% and germany was going into recession. germany had back growth. japan as well. you could see things slowing down. the reason the dax was up 25% is because the policy story transformed into year end. this was before the pandemic. this is why it is so difficult for investors, and this is why so many people are still confused, because the data is not great but the equity performance is still good. what you do -- tom: what you do with the 132 sterling? jonathan: you call up governor bailey and ask what is going on. pull u

fauci predicted were there in tex texas and probably arizona and florida. this thing is spiraling out of control and we will have to take more aggressive measures. i've not seen evidence that the surgical strike methods proposed are going to be adequate, unfortunately. and some of the models are really dire in terms of the predictive models that we're starting to see come out of the university of pennsylvania. we're looking at doubling or tripling even beyond what we have right now in houston. >> sanjay, california is one of 37 states currently seeing surges. when you look at this comparison of new cases in our country one month ago compared to where we are today, how concerned are you about this trajectory just described as spiraling out of control? how do you see it? >> yeah, i mean, i think it creates a situation now where, you know, maybe before it was sort of more localized areas and you look at that and it is hard to think about any place on the map that is not vulnerable as a result of this. it is an infection, spreading. i often use the metaphor as

tech tex h texas has closed bars. colorado has closed bars. just described do you think every state should be shutting down bars right now? >> of course. i mean, you can argue this in states that are not having a problem which there are very few right now, perhaps they could consider not doing that at this point, but frankly, i think, as a national approximately see we ought to be doing that and let's recognize that bars again, are a symbol. anything that congregates people together particularly inside where people can't wear masks and cannot social distance is absolutely -- it is absolutely crazy during this pandemic. >> i was wondering, is there a difference from a bar to eating indoors because there seems to clearly be a distinction that's being made in certain states between eating inside and the bar scene, do you see where we stand with seeing these spikes, do you see a difference there? >> not much. the big difference is what i was seeing earlier is that after drinking alcohol you lose your inhibitions and you are less likely to be caref

we will get cyclical rotation away from big tex. 500 futures advancing on the essence -- rotation away from big tech. s&p futures advancing. good morning to you all. this is bloomberg. ♪ it's pretty inspiring the way families redefined the word 'school' this year. it's why, at xfinity, we're committed to helping kids keep learning through the summer. and help college students studying at home stay connected through our university program. we're providing affordable internet access to low income families through our internet essentials program. and this summer, xfinity is creating a virtual summer camp for kids at home- all on xfinity x1. we're committed to helping all families stay connected. learn more at xfinity.com/education. >> the fact is we are likely facing a slower growth, sluggish economy as we recover out of this, and that is a great backdrop for secular growth. >> in an environment where unemployment is going up, and for those in work, there will be that fear of the specter of unemployment coming down the tracks. >> a lot

officials said they were able too deal with the hurricane response in the tex-mexico border without resorting resources away from coronavirus response to comprise either. so far it looks like they're holding on. i'm praying we don't have a major hurricane that forces us to test our ability to walk and chew gum. stick around more to discuss later in the hour. just ahead congress remains at a stalemate over the next stimulus package. meanwhile u.s. could be in for a wave of evictions, that's next. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ new tide power pods one up the can it one up spaghetti night? it sure can. really? can it one up breakfast in bed? yeah, for sure. thanks, boys. what about that? uhh, yep! it can? yeah, even that! i would very much like to see that. me too. introducing new tide power pods. one up the toughest stains with 50% more cleaning power than liquid detergent. any further questions? uh uh! nope! one up the power of liquid with new tide power pods. iredefined the wordng th'school' this year. it's why, at xfinit