.— the pandemic and lockdowns that came with it brought uncertainty and for many. o in fact led to a big increase in new companies being created in the uk. many first—time entrepreneurs started businesses either because they needed income, or because they had time to do so while on furlough. reporter dougal shaw has been speaking to some of those entrepreneurs who have now been able to turn their lockdown start—ups, into their new, fulltimejobs. preparing the fruit and vegetable for the next set of customers. this woman had been a science teacher in leicester for eight years before the pandemic and also had an entrepreneurial fine and she had a moment in the lockdown. many were struggling to get to the shops and she decided to self fruit and veg in her community, visiting street like an ice cream van and originally aimed at the elderly and vulnerable, it soon caught the imagination of the wider community and now a family business employing seven did you think this would exist beyond lockdown? t you think this would exist beyond lockdown? i could not see myself— beyo

the irony is that if an hinu lockdowns. the irony is that if anything scientist _ lockdowns. badly in terms of health impact and economic impact throughout the pandemic in the government needs to own this. the mantra is always advice is advising politicians decide to try to project these failures onto scientists and civil service is really not as a dual is government need to own their mistakes. ., �* . , . . mistakes. you're really arguing that if there were _ mistakes. you're really arguing that if there were something _ mistakes. you're really arguing that if there were something like - mistakes. you're really arguing that if there were something like this . if there were something like this again, another kind of pandemic or public health emergency, if anything scientist need to have more power. i scientist need to have more power. i think both scientists and other experts need to not have necessarily more power but need to have their voices heard. rishi sunak makes his claim that there was no social economic impact equivalent of sage people probably are not aware that sage

the constitutions did not permit lockdowns. nlike other countries where the law was basically up ended in favor of a state of emergency it actually followed the sweetest constitution to protect the right of citizens with good outcomes. it never told a noble lie to the population. internet users authority to inability population -- it did not use its authority to manipulate the population. is said here what we know, here's is what we do not know, we are asking do this to protect the older people. at this time there is more spread, please stay home if you are sick. all that people listened to because they are trusted because they were not lied to. finally, i think they exuded a sense of not panicking. this is why the major principles , those violating nine states and many other countries. -- the united states and many other countries. it causes tremendous harm. for instance a lot of the anti-, scrum and tory policies -- discriminatory policies that unvaccinated individuals based resulted from noble lies talking about how risky unv

that's the other— we didn't have the lockdown. those measures in place, we could have had lots of— measures in place, we could have had lots of deaths. so i think we all know the — lots of deaths. so i think we all know the impacts of coded will be continuous for a number of years, the backlogs will not clear quickly -- impacts— the backlogs will not clear quickly —— impacts of covid. it'll be tough for a _ —— impacts of covid. it'll be tough for a lot— —— impacts of covid. it'll be tough for a lot of— —— impacts of covid. it'll be tough for a lot of people for a long time, and an— for a lot of people for a long time, and an imperfect storm, it was already— and an imperfect storm, it was already bad before covid and, because — already bad before covid and, because of covid, it now feels like it's even— because of covid, it now feels like it's even worse.— because of covid, it now feels like it's even worse. speaking of storms, the metro's — it's even worse. speaking of storms, the metro's front _ it's even worse. speaking of storm

there is the threat of lockdowns hanging over the whole country. e are actual lockdowns in place right now. until we get beyond that it is hard to see steady danes, sustained momentum coming through the economy. haidi: the banking system awash with liquidity. take a look at this chart which shows aggregate lending slowed to the lowest on record. less than half of what economists were expecting. rb in a classic liquidity trap now and what does that say about the structural challenges of so many years of being debt reliant for growth? sarah: it is probably a signal coming out of the property sector, which has its own challenges on top. haidi: infrastructure. lockdowns. sarah: you cannot do it. you don't need to be looking for the funding. it also for me signals adding in the economy going on top of tackling the covid challenge. it is also going to be a question of physical response from the government. they are going to have to get china on its feet and build momentum, exactly what happened in western countries and other parts of the world. it probabl

during the lockdowns in 2020 on the federal reserve the covid crisis the severity would reseed it was still churning out tons of money. and they paid for that by creating money literally out of thin air. they employed a gimmick which we explain in the book to try to make sure this money did not flood the economy all at once. they create excess amount of money and they are not even going to stop this money creation. they announced recently there would you stop it. awfully late in the game. raiding too much money undermine the integrity of the dollar. and so you pay a price for that and the location and the economy pretty also combine that we have not still fully recovered from the lockdown pretty look at china recently those severe ing think are unnecessary lockdowns massive lockdowns and shanghai beijing and other major cities in china disrupted once again supply chains which is going to meet delays, higher prices at the marketplace the non- monetary kind of inflation factors are still there. so putting barriers in the way of oil and gas. not to say raising prices of the pump that's n

carol, was that the lockdown? r the fact that parents let education choices these days. >> it is all of it, lawrence. it started with the lockdown. to think for a lot of parents they are afraid republicans are going to let democrats off the hook with but they did in the lockdown's because were kind of getting away from that time. it may be some people are moving on. but what happened during the lockdown's when democrats specifically took away schools from poor kids all across the country because teachers unions and randi weingarten told them to, is so much education was lost. so many kids fell behind. also parents saw was going on in the classrooms for the very first time and they really did not like it. it is the lock sounds yes it is crt yes it's all of it altogether. the fact that rich kids had options they got to get out of the system. they got to get a tutor for the got to form pods for the got to go to private schools. markets were left at home and left to not be able to go to school. this is all coming to a

they are catching up on the business that was delayed by the lockdown. d weakness in external demand. exports poised to slow, leaving the economy more vulnerable. we are seeing covid flareups in high-end island. that is a tourist destination, not a big export manufacturing center but it shows the risk in the chinese economy with multiple cities in one province. they are all facing some sort of lockdown over the last 48 to 72 hours. there are those risks and the chinese economy. the reason they had a big surplus, the surplus was a record. 101 -- $101 billion in july. that is because of that flowing chinese economy. imports rose just 2.3% year over year, below has been 4%. it really is the indication of slowing domestic demand. we did have increases month over month in crude oil but soybeans, natural gas, copper, all declined on a monthly basis. the numbers in the headline. the headline is also a export surplus, record high. the bottom line is imports are not picking up as fast. the chinese domestic economy is still stuttering right now. >> o.t. of north as

in west in uganda. fiona can see me was a high school student before she got pregnant during the 2 year lockdown. the 20 year old now has to balance farming and caring for her 9 month old baby. little when you get raglin to staple, say that you brought it on yourself. i will think the man has little to do with her doing. that girl was a woman. he never has any problem, lovers alone collect say that if he approaches you and you refuse, do you get pregnant? no, you don't. so out, often in uganda and schools, many female students didn't return after the lockdown teacher. ruth, to see me says that many families stop girls education if they get pregnant for them. they think that when a girl has just had test would pregnant or given, but that is the end. what. what comes in their mind is that he or she, she guy, she should go to the file that over that child, or get married to an in yellow in either mine cause they think that that is the end of her person. when it comes to the socio economic impact, the united nations says that women are more affected by disease outbreaks, the men were you less, he mu

the lockdown is in the process, they say, of being lifted.g. >>> we're also following extreme heat in large parts of the united states tonight. tom forman is working the story for us. >> the heat wave has now crossed the whole country to scorch the east, making millions of americans to swelter along the way and causing dangerously hot conditions in some places. >> it's hot. >> it's very warm. oh my gosh, i'm dying. i'm not used to it at all. it's terrible. >> in new york city, a heat index pushing 100 is threatening weather records going back to world war ii. in philadelphia 104 of the anticipated heat index. in washington d.c. an index of 105 appeared within reach. and in kentucky where folks were trying to recover from flooding that left dozens dead -- >> the biggest concern for today and tomorrow is the weather. it is very, very hot. >> the temperature has been so brutal, the teamster union cited a delivery man collapsing in arizona last month to say ups must provide cooling measures or they are sending drivers out to die in the heat. ups

you leslie must seek her, says that when her partner wanted money during the lockdown, he sold the family's only home on farmland without her consent. cinders, amazon wall is foreign and we lost money during the 2nd wave of the pen danica and i had to return home. we'll come goin with all my found. my husband had sold everything at home to you. anomaly including the house and farm land, who yet wound on it and he resorted to drinking water. i thought, well, now go get a quote on arbor, jim. good, i love now i'm struggling to pay the rent without a stable job. how demanded harman bunk. sir. tim quarter, i try to work for labor is to get something to eat in the market for me and feed my 2 children in your new york time to get our quinton go. won't another marble rather . furthermore, uganda police precinct reported that domestic violence rose by almost 30 percent in the 1st year of the pandemic. the country's crime report for the 2 years of code 19 shows that on average, a woman was killed every 48 hours. due to family disputes sparked by alcoholism, be put into thing by drinking. the put of

so there are a brewing trouble even before what happened during the lockdowns. obviously, they created a lot of to try to keep things from collapsing but unfortunately in 2021 the federal reserve even as the covid crisis was the severity was beginning to receive was still turning out churning out tons of money. they are buying $120 of bonds each month and they paid for that by creating money literally out of thin air now, they employed a gimmick which we explained in the book to try to make sure this money didn't flood the economy all at once but they created excess amount of money and they're not even going to stop this money creation the announced recently they're going to stop it but awfully awfully late in the game. so the federal reserve has been creating too much money undermining the integrity of the dollar and so you pay price for that in the dislocations in the economy. you also combine that with the we still haven't fully recovered from the lockdowns now you look at china to the recently for example those severe but i think we're unnecessary lockdowns m

says, if i'm not here, is if this neighborhood didn't exist yet with the money they earned after the lockdown, the women have begun to realize their dream to be able to make a living from sewing and designing clothes. oh, when i get them, i started to work at that i bought a sewing machine with the money. i didn't go very near. okay. i call it signor to paper to get my thing it up there and it's great, but it sometimes gets jammed. now the women are sewing uniforms and applying what they learned during the pandemic. sandra elia was there, teacher? no, i say gay. lamar, ellen is always new or potter. it never ends them or less the empress have in willa . there are always new material, no new design for the alley. every one once something new, the saying yours, it alonzo. my passion never ends into the i you ideas for clothes were born in the pandemic minute, but i'll up on them. yeah. under his clothes are still around today. 15 this year, or director. yes. then lots of businesses went bust during the pandemic. but the sewing box made it through is bad. tick was too late. authority is selling

but also a log off her la la dress is an example of a sewing box collaboration, created after the lockdown during the cove it waves. the 15 women who worked on the dress had been badly affected by the covert restrictions. the sewing box is an initiative of the pro, carry our foundation gallery. ellen, can he not put by during locked down many migrant women, experienced violence and now shelters given for what we were looking for a sanctuary. i've been in europe. the sewing blocks gives women the opportunity to have a safe place and an income goble land to put their sewing ideas into action, such as designing symbolic dresses me that they can start a small business and earn money for what they do. apollo cassie during locked down the sewing box, was forced to close, wended, reopened. the women here set to work, making masks, and protective suits, or thick one on the head. okay. well, when they told us we could return to the sewing books, i was so happy. i said, okay, well let's release the dove will fly again. and here we are now meeting and working with one another on friday. thank will ma

how does your strategy change with the lockdown of the main borders?> for us, fortunately we have been focused on this. developing products for many years that diversify our business from just travel luggage. you can see behind me backpacks are a very big business. we just had a very big chinese act a school season and people are moving within china. the types of bags they will be carrying be different than what you might expect for long-haul trips. we have been executing on that for a very long time across our entire business. in china, they have done an amazing job of positioning this business. in the month of july, it was down 38%. you would think no travel for exiting china but our business is only down 38% and making good profits because we have adjusted the business. >> we continue to see storing inflation. that is impacting their business. you said you want to focus on margins, that you will go through increases in prices in order to mitigate the cost. does that mean at the same time you are expecting lower unit volumes such as what we are seein

and what shape did the -- did the pandemic, the lockdown, and inflation put on the industry?: how healthy is the industry? it can be. i will get into the health with you in a little bit -- i want to talk about the prices. they were shocking. let's show people another point of comparison. glen ellen ben's inger -- benzinger. >> you got it right. kristen: walk us through the prices of their tasting and 2020 and 2022. an abbott passage, too. >> first off, i don't think they are shocking. i think the increases are marginal compared to other sectors. they are of the highest in healdsburg. in santa rosa, prices were up 70%. the city of sonoma, prices are up 33%. sebastopol, winetasting is up 20%. glen ellen, up 12%. interestingly enough, prices were actually down in kaiserville. the furthest distance from san francisco. kristen: i like that. i was going to ask you that, what are some tips for visit ors. using differences -- are you seeing differences in prices with wineries? >> we are the someone a winetasting blog. the reason this is the sonoma winetasting report and we do not inc

we have the china lockdown. it sort of makes sense. k a lot of these bearish factors were with pricing the yuan. >> let's look at the yuan here. we don't really see a lot of downside. it is really a dollars story. we see higher yields than 6.9. >> what is china likely to do? it is between a rock and a hard place some extent. >> fiscal stimulus, more monetary easing. we may get a triple are cut and something like 25 basis points. more rate cuts could be on course as well. in any case, more stimulus and more support from china. >> that meant a more narrow yield differential. we had one month of inflows into the market and you don't think that will continue now? it is a one-off that took place in the gilt markets. >> yes. inflow in this edps. if you take away the estimate that is happening every month, that could be active reduction. the market could be very cautious. you see the gap widening between china and all of them. >> just given that term is it, is there any way that they can put a floor on this or is dollar strength the rating hig

is why we need crt, because it is a racist system and then all of the students come back from the lockdownthey say, see, this is why we need to push cisgender propaganda on these kids, and all of the parents are like wait a second, i don't like this at all in the teachers union says this is our child and then have the biden administration slap terrace tags on them. i don't think republicans will do anything about this. it kind of reminds you that mortgage meltdown in 2008 when it was like put these guys in jail for wall street a single wall street banker that took up this paper and prosecuted nobody, same with dr. fauci, he is not criminally investigated. january 6 did not damage the country is much as these lock downs, but we have hearing after hearing after hearing a no hearing on the lockdown. if you are a public-policy person and you're pushing public policy that is killing people, that is destroying people's civil rights and hurting a generation of kids grades, you should be able to be prosecuted criminally. >> katie: just cut, the world bank estimates because of the learning and the

fauci even talk about the toll that these lockdowns took on regular americans who were, you know, cut from their families, cut off from going to, you know, their grandparent's or their parent's funerals. the incredible psychological toll that was wrought because of his policies. you also don't hear him talking about the legitimate questions that have arisen abouts vaccines and certainly nothing about the affects of children being masked and being terrified and tortured in schools with all of this stuff. he is sort of glided over all of that, and i think that it certainly appears like he's trying to get out of town just ahead of the sheriff, but that will not in nay way, should not prevent republicans from holding him accountable, hauling him in and asking about all those things as well as point-blank layups out the origin -- point out origins of covid and effects of the vaccines. james: impacts on children we'll be tabulating for years to come and we've saddled them with trillions in debt and denied them education that will impact their earnings forever. you talk about isolation, ail

further create a lot of confusion in economy than offered that the band make and the impact of the lockdown. and then now the impact of the ukraine wars for back to back. cascading events have been hitting, the indian economy of millions have been pushed into poverty. incomes have fallen, unemployment is believed to be at a for decade high. so the economy is just you get to find the ground that is lost in the monetization chris. now, over the past 75 years, india's economy diversified. the dominance of the agricultural sector, dwindled, services have become much more important. what does india s growth model for the future look like? well, chris, it is the service suspected that most people bank the bond, but then several economists also feel that things have become so unpredictable that it's very hard to say what kind of turn will things change. now, of course, we know that the ukraine war is likely to change the shape of economy as well as politics across the cross the world. so india will not be left untouched. it will have long term impact as well. but then in the us own challenges and

end of the lockdown you get a free car, free mercedesvor: why its hell. >> you see what i do to the car after two weeks they going to give me that car. damn right you're going to give me the car. if i am locked in mercedes dealership, i'm farting, sharing, sleeping buck naked in that. you can't let somebody sleep it in buck naked and resell it you know what that would do to the blue book. >> trevor: all right, what is happening in the traffic. >> we will get to the traffic. but i hear you directly in saying that american airlines was buying 20 new jets,. >> trevor: supersonic jets. >> putting money down on new jets, new jets. >> trevor: yes, brand new. >> i thought the airlines, ain't they broke? they been crying broke for a long time, the airline industry is broke. that is what they keep telling us. i'm broke, i want to get your luggage but i sure would love to give you some snacks but i need $50. oh man, you want some leg room, well, i'm going to need $50. giving the airline all these 50 damn dollars and you went and put down on a new

the federal reserve even before covid lockdowns undermined the value of the dollar, he saw it in thee in commodity and gold prices so that was trouble even before what happened. during the lockdowns they created a lot of money to try to keep things from collapsing but unfortunately and 2021 federal reserve even as covid crisis, the severity was beginning to recede is still turning out tons of moneyin buying $120 billion bonds each month and they paid for that by creating money literally out of thin air. they employed a gimmick which we explained in the book to try to make sure the money didn't flub the economy all at once but they created excess amount of e money and they are not going to stop money creation, they've announced recently they were going to stop it but awfully late in the game so the federal reserve has been creating too much money, undermining the integrity of the dollar you pay a price for that and the dislocations in the economy. you combine that with, we still haven't fully recovered from the lockdown. look at china recently, unnecessary lockdowns, massive lockdowns

because of the lockdown. from the lockdowns and the money the government poured into the economy to make up for the lockdowns. it distorted the economy and people are still paying the price today. we need an after-action study. >> bill: many a book to be written. nice to have you in today. "wall street journal" wrote about this. in march of 2020 they say fauci was the first one who said 15 days to slow the spread. >> dana: a long 15 days. >> bill: picked up by the trump administration. two years later we're still dealing with it. the origin of virus we need to figure that out. investigation should be conducted and also like the selling of the vaccine. this wasn't just fauci. it was the cdc. administration. they sold it as an inoculation of the virus. dr. birx admitted she said they should have done it differently. we were under the impression you get the vaccine and you're safe from covid. two vaccines and two boosters later people are still getting the virus. >> dana: they should have said it will provide yo

in the early i days when we went into a lockdown, march 2020, for five weeks or so, the entire countrya way to deal with the pandemic and understand what was happening. we collected a beautiful set of art made by a textile artist, who made them every day response to the sign to being produced. very much trying to understand the unseen. they are very artistic, very beautiful, images of the virus, they helped us materialise something we can't see. we had a jeweller who was responding to the information about how long the virus lasted on certain surfaces. again, all of that messaging about not touching, which is such a human thing that we do. she created a finger protected to use on atm machines, with a copper tongue, which was one of the material that the virus doesn't last long on. material that the virus doesn't last lona on. ~ ., ., material that the virus doesn't last lona on. ~ . ., ., long on. with new zealand under a ma'or long on. with new zealand under a major lockdown, _ long on. with new zealand under a major lockdown, there _ long on. with new zealand under a major lockdown,

china is recovering from the lockdown. and it is the largest fuel consumer in the region. the rich countries in asia are those that have money, japan, korea, by the way, china is also china , a country with a lot of money, in fact, they will buy lng here anyway, but the poor countries of asia, such as pakistan or bangladesh, they will be in the risk zone in dagestan, and so there was a very large-scale energy crisis. last winter , there will now be an even more ambitious end, and this will affect, including europe, because as a result of economic emigrants, europe will increase europe began to buy more lng nord stream, which provided the eu with significant volumes. now only 20% is loaded. gazprom can not get equipment due to sanctions last week, experts noted that the volume of lng regasification in the eu has decreased. although previously everything time rising europe is now called the premium price region. here is higher than in asia want for a long time. everything was smooth, on the contrary, spot gas prices in europe after the retirement of compressor capacities. on

and i want to really give kudos to the teams there who did so much during the lockdown and were able limit the effects on our q3 results and i think still growth between 3% and 8% of our imaging, the team vet weathered the storms extremely well. manus: how much of a tail risk do you see in taiwan strait. 88% of the biggest cargo ships in the in the world pass through there. how big a risk is that for the world and you? >> i am confident and i hope that everybody is committed to peace. we are very positive in the way our supply chain is set up. also that a lot of the business in china is -- the business for china is produced in china. and the same in europe and in the united states. it can be a couple of things but first and foremost i think is that everybody stays committed to keep peace. manus: let's see whether that endures and that is a global aspiration. very few i talk to are not able to pass on price hikes, supply chain costs. are you renegotiating any contracts? raising prices on the imaging side of the business? across the business? if so, how much? >> we are not renegotiatin

we have seen a lot of coverage of the lockdown around tourist towns. ve been unable to return home. this is a popular island for beaches and resorts and duty-free shopping. we have seen the downside when it comes to duty-free related stocks. let's look at how this is leading into market sentiment. annabelle: these covid curves and china, one of the major headwinds facing the economy. there are ongoing issues in the property sector. in terms of the fx space, we are eyeing the 6.9 level on the offshore yuan. you see that on the bottom of the screen. we could reach that given the moves we saw on friday and monday. we have not really seen much of an issue from the pboc for the weakness in the offshore and onshore yuan. let's have a broader look at the market space. risk off trading across the board. most of the losses here, the only dangers are the energy index. some material moves to the upside, a reflection of what we are seeing in the natural gas contract because we did see a lot of concern around supplies of gas from russia into the market. in terms of

the economic recovery slows amid the lockdowns. state council has outlined a 19 point policy package, including allowing state banks to invest further in infrastructure. the uk prime minister boris johnson has promised thousands of drones and antitank munitions to ukraine during a trip to kyiv , marking his third visit since russia's invasion. president biden has announced a sweeping passage -- package of student debt relief. he also announced another four month extension to the moratorium on repaying student loan debt. borrowers will be allowed to cap her payments due to their monthly income. global news 24 hours a day, on-air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. manus: coming up on the show, u.k. lobby groups call for more government support is the energy crisis grows. next on bloomberg. ♪ manus: this is "bloomberg daybreak: europe." i manus cranny in dubai. pressure is -- pressures building for the government to help -- tomorrow's announcement of the new price

day carnival has been a favorite on the calendar since 1958 and it had to be held online during the lockdown. mm hm. and that's all the news from us for now. up next, our documentary on the secrets of sewer water. stay tuned for that. and don't forget, you can always stay up to date on our website, d, w dot com. i'm nick spicer, thanks for watching. a vibrant habitat ended glistening place of long the mediterranean sea scene of mustard and jafar abdul karim drift along with exploring modern life.

a lot of people are afraid of covid, the lockdown that are premature. people who were 63, 64 saying i'm out of here. we are people who didn't participate because they did not want to get vaccinated with military and federal workforce with the mandates. we have people who have long covid maybe ten millions of them have not been covered. i don't see any optimism on the one area they were very optimistic. they said were not in a recession because with 3.6 unemployment. i think it's in a rise very quickly the people are not participating so it's a misleading figure to begin with. it's can explain her not having very much growth. i'm not sure how they did it they manage to do this for your and a half to take a solid recovering economy with natural demands that's gonna accrue after the lockdowns. the regulated, and tax it, inflated to death and work are in a really bad place. pick your poison recession or stop inflation. >> brian: while letting formally in enter the country illegally that we know nothing about. i think the most egregious is the inflation reduc

that has been hamstrung by the covid lockdowns. the biggest dv market in the world which is a huge relevance to bhp as the commodity producer. this has been increasingly around the renewable energy roots. >> what do you make of the dividends? i know there were some expectations -- maybe we would have expected a more conservative release there? >> i think it will please the markets. the markets in some regards might have been expecting a higher number given the overall level of profitability which is on the upside in my opinion. i think that is a very strong profit number indeed. it is outstanding given the volatility in commodity markets over the last 12 months. normally dealing with a war situation like ukraine and russia would be enough to dislocate markets but on top of that we have had the china covid situation, rising interest rates, inflation and a strong dollar. there is a cocktail of negative factors impacting the resource sector. the number is a very strong one within that context. having said that, it is clear that bhp is

i took their input and modeled what would happen if we did what italy did or europe with the lockdown and by limiting to about ten metros, ten to 12 metros, 100,000 people die. if it is to 25 metros, you have about 240,000 american lives lost so it was modeled by metros, the city itself and bedroom communities basedas on what was happening with spread in new york. as a country, we prevented a catastrophic event. i mean truly catastrophic. not enough people to care for the sick, no ventilator, no ppe for nurses and doctors in most hospitals. we have 6000 hospitals in the end, probably only four to 500 hospitals had to actually tconfront this high overload ad that's what america did. america stopped the spread of that first wave from how much damage it could do but probably were not clear enough to the american people how their proactive behaviors change that course inir that first wave. certainly a lot of european countries did worse in the first wave than we did buy a bit, i'm talking small percentages and that is proud but we could have lost so many more americans with the pudding we

but the lockdowns will occur regularly and if owners don't follow the rules, they'll face fines in thesi morgan is ceo of predator free new zealand trust. she's in wanaka. to see you, what do you make of what is in germany? it’s to see you, what do you make of what is in germany?— what is in germany? it's a very interesting _ what is in germany? it's a very interesting move _ what is in germany? it's a very interesting move by _ what is in germany? it's a very interesting move by the - interesting move by the government there. cats are highly skilled hunters and great predators around the country, around the world, sorry and depending on where they are located, they could do severe damage to native wildlife. , ., ., severe damage to native wildlife. ., ., , wildlife. do you have a problem with cats where _ wildlife. do you have a problem with cats where you _ wildlife. do you have a problem with cats where you are - wildlife. do you have a problem with cats where you are in - wildlife. do you have a problem with cats where you are in new| with cats where you are in new zealand? , ., .,

we saw the jump over 9% at the end of covid lockdowns. mbers coming through the moment are the 1% month on month, better than expectations. a preliminary reading for july. a contraction of 1.8%. better than expected. calling back losses from the previous reading. again of 1% month on month is much less than the prior reading but production is expected to increase slowly if supply chain constraints offer some support but japan has inflationary pressures and the continued spread of covid. kathleen: it looks like a pretty good run today for japan. look at retail sales. month on month up 0.8%, more than the decline in june and eating the forecast. when the governor was in jackson hole he commented at the end of the day and said while other countries are raising rates, we have to remain easy and see wages rising and that consumer spending will help so he hopes to eventually get to the 2% target. plenty more to come on daybreak asia. this is bloomberg. ♪ how will your business adapt to change? you could hire an office full of peyton mannings. wh

i took their input and modeled what would happen if we did what italy did or europe did with the lockdown and that's where by limiting it to about 10 metros 10 to 12 meters you hundred thousand people die in the first surge if it goes to 25 metros. you have about 240,000 american lives lost and so it was really modeled by our metros both the city itself and the bedroom communities based on what was happening with spread in new york and i think and i think as a country we prevented a catastrophic event, and i mean truly catastrophic. not enough people to care for the sick, no ventilators, no ppe for our nurses and doctors in most of the hospitals. we had 6000 hospitals in the end, probably only four to 500 hospitals had to actually confront this high covid load, and that's what america did. america stop the spread of that first wave from how much damage it could do, but we probably were not clear enough to the american people how their proactive behaviors changed that course in that first wave. certainly a lot of european countries did worse in that first way than we did, by a bit, and i'm