resonant could also win 16 in the man with jesus out of me will cain julian how long ago coleman and tom little to this i don't know. no you. cool. and they're. like. little tool. you know. they're. all. the. little. all. and they. say. it's. a wall. that. you go. you thought i would you be honest will always hung up. on. who were published. when it was always. going to be one done on busy. me. no lawyer you go you go to. korea go you go to. school. he will remember. this i know how. the. guilt of the. old beach was and b t to the it was the. senses of. the. secret. we go to work. straight old. 50. odd no team no crow. no shots no. faction dealt. with the welsh dresser no for the 1st 12. points your thirst for action. all of them to serve you go missionaries me sophie shevardnadze a tough life is costly proving that a normal healthy diet often coronavirus and damage you still being counted once in store for long yesterday was implicit a long time magazine's was in fleshy holders jeffrey sachs faster economic data on this matter versus a lot of elmer's in columbia university and senior year it g

and could also win 16 in the man with jesus out of me will cain julians how long ago coleman and tom little room on this earth to move. no you. and they're. like. little tool. they're. all good when they. get you. all. and they. say. it's. all easy. to go. you thought oh we're going to we'll camembert that always hung up. on. who were published. when it was always. going to be one done on. 'd one knee. but he will remember passing the sign of how. the. gulp of the. gold beach was a bt to the it was the. senses of. the. secret. nuclear become a battleground in the u.s. in vermont people are demanding the shut down of a local plant for my yankee is right now my focus because it's a very dangerous oh no care power plant the owner is attempting to run the reactor beyond its operational limit this case just sort of puts a magnifying glass on where's the power in this country where's it going is it moving more towards corporate interests or is it more in the idea of a traditional participatory democracy is your power lie with the people this case demonstrates that struggle in very real ways a str

totally also risen and we are soon 16 in the man with me ok angel and how long ago coleman and tom little through this autumn will. no you. are. the cool. and they're. like. little tool. and they're. all. the. little. all. and they. all only a. few they. could. cause a war isn't. it . to go. you thought i wouldn't be honest will always hanging off. work published. when it was always. going to be one done on. 'd me. no lawyer you go you go to. the. press or. he will. sign a. piece on. the. bill for the. gold beach with a b t to it is the. census of. the. secret. in the troubled 19 seventies a group of killers rampage through parts of northern ireland that was coordinated loyalist attacks protect the only population in belfast tens of thousands were forced to flee their homes a mob was striking to put these attacks was that the r.u.c. the police actually took part in the attacks so instead of preventing it they were active participants in the burning of full streets in belfast at the table more than a 100 innocent civilians women. as the review can seniors and we found out more i was surpri

buddhism woman could also win 16 in the man with jesus out of me ok angel inside only go home and tom little room to move. no. the cool. and the. little cool. and they're. all good when they. get you. all. and they. say. it's. a wall. that. you go. you thought i would you be honest will camembert that i was hung up. on. the were published. when it was always. going to be one done on. 'd me. lol lawyer you go you go to. korea go you go to. google. the going. just. go. go. gold beach was bt to it was the. senses of. the. secret. because there's survival guide up stacy just like all the stars simply. loses. the show it's going to get back to back to. playing. repatriations look at the rest of 70 chris hill of the separate kaiser report. the world is driven by a dream shaped by one person if there is. no dares thinks. we dare to ask. nuclear power become a battleground in the us in vermont people love demanding the shutdown of a local plant from my yankee is right now my focus because it's a very dangerous oh no care power plant the owner is attempting to run the reactor beyond its operational l

who is also risen and could also win 16 in the man with me ok angel and how long ago coleman and tom little room on this earth to move. no you. cool. like. that little tool. in there. all day. and you. all. and there. are only a. few day. a wall isn't. that. you thought i would you be honest will always hung up. on. who else was published. when it was always. going to be one done on. 'd any. lawyer you go you go to. when he. has thought. you could he will. yes i know how. the. course until. this is. built at the. beach was a beauty to it was the. senses of. the . secret. some control from middle class to homeless most of our very hard working people who want to get ahead that have either have some some health issues or have some out of strict about luck a full time job won't always pay for a place to live and missing just a month's rent can get you a victim to gunpoint if anything bad happens to any thing that just throws your budget off slightly. better catch up real quick or you're going to have a judgment of possession against you and get addicted anyone that's homeless is treated like g

s out of me ok angel inside only go home and tom little to this or to move. no. the cool. and the. like. to pull. all. the little tool. in there. all. the. little. all. and they. all only a little. over. here they. all think. they. go. you thought i would you be honest will always hung up. on. who were published. when it was all. going as one done on. 'd any. lawyer you go you go to. when he. has thought. he will remember. yes i know how. the. guilt of the. gold beach was bt to that it was the. senses of. the. secret. financial survival. well reduce and lower. that's undercutting but what's good for market is not good for the global economy. in the troubled 19 seventies a group. that was coordinated loyalists. population. were forced to flee their homes. these attacks was a p.r. you see the police actually took part in the attacks so instead of preventing it they were active participants in the burning of the streets in belfast. more than 100 innocent civilians with. the review can seniors and we found out more. about the extent. to which the solution was involved in some of those c

totally also buddhism women could also win 16 in the man with me ok angel is hard on the go community tom little true man this i don't know. no you. and the. lady. like. to be cool. little tool. they're. all. the. little. all. and they. all only a. few they. all think that. they. go. you thought oh we're going to we'll camembert that always hung up. on. who were published. when it was always. done and. don't want any. lawyer you go you go to. the. press or. he will remember. the. guilt of the. beach was a beauty to it was the. senses of. the. secret. join me every thursday on the alex salmond show and i'll be speaking to us from the world the olympics this list i'm showbusiness i'll see you then. let's say. the guy down the block for more you. is counterfeiting money and he's. created an extension on his house he bought a new people out of new car plus 5 new cars he bought another new he bought a lot of jewelry he's living large would you say the wealth on that tree is this horse really heading into that guy's house because he's able to counterfeit money and spend money would you say that i mean

it also resonant could also win 16 in the man with me will cain julian how long ago coleman and tom little to whom this autumn will. no you. the cool. and the. like. the. little tool. they're. all how good when they. are the. little. all. and they. only a little. they . call. a wall and. they. go. you thought i wouldn't be honest will always hanging off. work published. when it was always. the one done on. me. lol lawyer you go you go to. korea go you go to. google. that's i know how. the going. just. go to the. gold beach was a beauty to it was the. senses of. the. secret and then there are. speaking to west point graduate strong 6 we're ending the era of endless wars 4 years ago on the campaign trail he said essentially the same thing why is it so difficult but this president to make good on this promise why make the promise again if it can't be kept. some control for a middle class to homeless move a night muslim are very hard working people who want to get ahead that either have some some health issues or have some of how this trick about luck the whole time joel moon told me his pay f

also risen and we are soon 16 in the man with jesus out of me ok angel inside only go home and tom littleto this or to move. no you. cool. and they're. like. little cool. and they're. all good when they. meet you. all. and they. say. it's. a wall. that. you go. you thought i would you be honest will always hung up. on. who were published. when it was always. going to be one done and. 'd don't want any. lawyer you go you go to. google. the. cause and you'll just. get worse until. bill. gold beach was bt to it was the. census of. the. secret. from the regular morgue for your part. all but us lucifer this. is not my achievement mr davies our 5 beautiful lands were conceived. and carried out by the people themselves if they would produce or even florek it with the idea of making a film like this probably be branded as crazy. as the sentiment. that's going to change of course after the war once the cold war begins. people think that hollywood is a free place what is strictly. defined . is a call to dream manufacture which i think's true. it's a propaganda fact. international has extended its d

julian how long ago coleman and tom little through this autumn will. no you. are. the cool. little tool. they're. all. he. says. all. and they. all only a. few they. all see. that. you go. you thought i would you be honest will always hanging off. work published. when it was always. going to be one done on. one knee. no lawyer you go you go to. korea. when he. has thought. you could he will remember. the. civil. war single. gulp of the. gold beach was a beauty to it was the. senses of. the . secret and then there are. in the troubled 19 seventies a group of killers rampage 3 parts of northern ireland that was coordinated loyalists attacks particularly catholic population in belfast tens of thousands were forced to flee their homes come up with strike can put these attacks was that the r.u.c. the police actually took part in the attacks so instead of preventing it they were active participants in the burning of coal streets in belfast at the time more than a 100 innocent civilians were. as the review can seniors and we found out more i was surprised about the extent and its oc

>>tom little song cristobal moving across louisiana tonight it made landfall today bringing flooding and storm surge. this is the 3rd named storm of what's expected to be an active hurricane season. whitney wild reports from new orleans. >>tropical storm cristobal making landfall in louisiana sunday, bringing wind and rain to states along the gulf coast. the city of new orleans posting an informational video on social media asking residents to shelter in place ahead of its first major storm of the season we just want to make sure their body continues to stay safe continues to shelter in place. >>and continues to practice safe hygiene unmasking while you're at home because we are in the midst of covid as well tropical storm warnings are posted for much of the louisiana coastline, mississippi, alabama and portions of the florida panhandle. >>at the moment, flooding is the biggest concern as you can see the water is coming over the road and connected to the bayou we've seen some rain bands coming through unfortunately, you know we'll see rain band come through and will give us a little

tom. and little else happened until i'm 20 modeste came on shortly before the end. and just 4 minutes later. a. frenchman put cologne in front and then added and little protest of his own about being left on the bench. but out spoke one finished either with 2 minutes to go philip not secured them a most appreciative point. it was darby time in frankfurt as nearby mine came to town. but it took half an hour for the 1st major chance to materialize a solo effort from cuts for the cost of it was looking like a board draw in the 1st half until months defender moves on you have got to power headed the visitors in from. frankfurt looked tired perhaps from playing midweek in a postponement fixture. can't explain it. but later on they went from tire to terminator to substitute pair of condom along swept past the frankfurt defense to make it to mail 3 huge points for relegation threatened minds. we are in a very dangerous zone and a terrible so i think it is because it was very much opposed to it to keep our heads up on our keep moving forward to like us being able to speak a

alongside tom keene, i'm jonathan farro, together with lisa abramowicz. his is bloomberg surveillance. the fed on deck a little this week. equity futures are positive. by round about .6%. we're you will 18 points on the s&p 500. there is no doubt, tom keene, we have made some progress on a series of issues and liquidity crisis a couple of months ago, the fed has done a lot of work there. it wasn't so long ago that crude was deeply negative, and here we are back up near 40. tom: just extraordinary to see and really, folks, the path from $30 brnt to global price, floating price, up to 40, has just been a surprise for all. joining us now, amrita sen. she's outstanding at the dynamics of supply and demand. amrita, i want to dove tail your wonderful narrow work with those that have taken more geopolitical strategic work, because it folds in. if opec plus members, and let's go with opec, if they cheat, how does that affect your world of the minutia of supply and demand? amrita: i think in terms of the question you asked about compliance, by the way, we are resuming, we just cannot see how iraq, nigeria, kazakhstan,

a little bit of risk aversion, going against the grain of the last couple of weeks. tomn a little shift here today. we will see how we get to the market open. one of the great things of working with jon ferro is it is a british view, and the british are clearly stunned at how the u.s. does depression. our social policy has been extraordinary. hasnzie global research been absolutely stunning. the depth of their research country to country on issues such as poverty and the labor economy, they absolutely own the high ground on this. susan lund out of northwestern and standard is with the mckinsey global institute. i am thrilled you are on. is our social theory working? lock in individual theory in washington, everyone is on their own, we will get through this without being socialized, is that theory working in this depression? susan: i am happy to be here. i wouldn't characterize that as the u.s. response. i think that we have been staying at home now for two and a half months. we have the c.a.r.e.s. act, which provided unemployment benefits for freelancers and a workers fo

just a ploy a little cash out of that fund you've got. how is that? tom: i saw that. o short of a journey. [laughter] jonathan: we will try to sort that out. i will get something a little bit longer for you. tom: they are going to call it a bonaparte. it's not there yet. with theirthe french 50 year paper. for those of you not up to speed with that, the united states says we are not going to do that. very quickly, how did the 20 year piece go? lisa: it did well. there is a question, what is going to happen with the u.s.? will they follow through with a 50 year bond? we are expecting others to follow europe. not?% yields, why what's next, 150 year bonds? tom: i will even take 120 as well. right now, henrietta treyz of veda partners with us. full ofreat career fantastic work. wonderful to have you with us. i've got a dumb, but an obvious question. how did the people you follow change in the summer before a big election? what is the behavior that adapts and changes when the heat is on? henrietta: you never ask a dumb question. thank you very much. i feel like clients have

and the foreign exchange, just a little bit of a comeback. tomhese benchmarks in the pandemic has been a good and state.d how is the reopening of the york from buffalo to new and into the hamptons, how is it going? >> thank you for having me on the show again. walking the streets, i was in and there is session excitement about reopening and energy on the streets. people are depressed and in a dark place. this demonstrates the resiliency of new yorkers. we are very closely monitoring the health outcomes and the rate of transmission and the hospitalizations. you can be an incredible -- we have seen an incredible downward trajectory. , and one in new york city more personal services. normalcy, it continues. lisa: lisa: in a dark place and returning to retail therapy to resume some of those feelings. i am curious about threading this needle of encouraging people to go back out there and embrace the economy while also practicing social distancing. how much are you trying to encourage people to come back? how much are you able to employ tracers and tra

francine: it is a little -- tom: i'm going to take a chance to get the conversation started for a four-dayrican workweek. what is ubs' thoughts on the jobs report that we will see on thursday? we do think that the increase is going to be about 1.5 million, slightly below consensus. we don't think we will repeat the massive 2.5 billion uptick. the thursday jobs report, i think what is important is to bear in mind that in an ordinary crisis, you find that the unemployment to gdp is about 0.56, which means that if gdp falls by one percentage point, the on appointment rate picks up by about .6 percentage points. this crisis is going to be way higher. services which buffers, and an ordinary crisis, it is a very different playbook this time. services is where the big hit is. services is where the big hit is. wherend the lower part is you will see the biggest hit. so you could be in a situation where 12 months from now you are normalizing.on lys not just in the u.s. but across europe, that is when the insolvency begins to pick up. that is when unemployment begins to pick up. i don't think the mar

--tobias: it tom: is a little bit more troublesome this morning. the on stimulus from federal reserve, as well as from the c.a.r.e.s. act, but we have also seen the reopening of the economy starting. we have seen better news on the health care front in terms of less hospitalizations, less death, more and better treatments, hopes on vaccine. investors fear not missing out, but rather fear of underperforming. everyone focuses on the technicals as opposed to the fundamentals. for example, how is the un-and limit issue going to play out over the next six to nine months. it is going to be a more difficult economy, period. move,an: we see a price and there is always a tim tatian to find this neat fundamental narrative that fits here -- always a temptation to find this neat fundamental narrative that fits here. the fear of missing outcome of the fear of underperforming, as you've put it. tobias: i think there are some true fundamental backdrops. i think the best argument i have heard is that companies are making structural changes, learning how to work th

a little jab at the united states about how things are playing out domestically and what united states has said about how things are playing out in hong kong. tomsolutely. underscored with his new book. it is not the little things. you see it with the g7 uproar, where angela merkel said i'm not coming in now the president wants vladimir putin to,, but mr. to go is saying no -- but trudeau says no. jonathan: that may change into the g8, the g9, the t11, the g 12. what is the goal, is it to bring more people in or is it to bring russia in undercover? tom: i think it is a president with a unique relationship with mr. putin. he put the dime in the payphone to call mr. putin on that. jonathan: i'm not sure that is quite how it works at the white house with the diamond a payphone. dime in a payphone. is there a payphone there? lisa: i would argue there is probably not a payphone president has to vladimir putin. it is interesting angela merkel said she was not going to come to the g7 meeting. it was supposed to be an event showcasing how the world was reopening. it was going to be clouded by ongoing pandemic. there is some sense moving it , especially

gets an easier tom dees a funny little bugs reveal the specialists who live on the plant. and the insects trapped by the host or the ridge of the live of the bugs excrement it's full of nitrogen and that's the substance the plant craves the most funding dashed off to the flanks on mice and. here's another amazing plant it too has a staff of little helpers. members of the genus mema code you have large birds. and inside them is a maze of chambers and passages. a delightful home for a colony of ants. are epiphytes that means they grow on other plants usually trees they have no contact with the ground and can't directly access nutrients in the soil so they're always at risk of malnutrition which they offset with the help of als some of the chambers have rough walls and in those chambers all kinds of waste are deposited and excrement the remains of prey and dead ends come on under tropical conditions that all breaks down quickly and is then evidently absorbed by the little protrusions that make the walls rough and deal with all funding income on the stuff it on off today i'm.

tom: it is a little bit better than that -- jonathan: it is a little bit better than that. is not what it sounds like. tom: the nuances are great. to bring in the football crowd ryding.john english you think about premier league football this weekend? spirits andted my the champions play this weekend. we blew a one nothing lead and ended up tying with loot in town. of it.never heard , unlike somespirit of the numbers on the virus spread. microcosm,aks to the the micro decisions being made in this recovery. are you enthusiastic that it can sustain to a legitimate better global economy into next year? i agree with chairman powell last week when he said a the recovery requires public to be very comfortable with going back to doing what that maybe needs a vaccine. was veryious guest insightful. the states that have seen a ,ickup in the contagion rate that has continued over the weekend. that is cases. those cases are rising at a rate of around 10% per day. testing.t is from more epidemiologist, but we need to keep our eye on this because it is the virus versus the economy versus

from new york city alongside tom keene, i'm jonathan ferro together with lisa abramowicz. a littleater this hour we will be catching up with priya misra of td securities. tom keene, looking ahead today two of chairman powell. tom: with the two year yield coming up just a little big, worth watching as well. on radio we will have barry i agreed of the university of california of berkeley. an important interview. even more important now after what we have heard yesterday from harvard university. barry eichengreen on radio worldwide in just a bit. lisa: one big question i've been having for markets is how much the fed policies and ongoing stimulus can counteract the fact we are seeing the pandemic continue to percolate with a number of hotspots. florida making headlines with record hospitalizations. max has been covering it all for bloomberg opinions. can you give us a sense of how significant the increase in infections has been in florida and texas? are we looking at something getting out of control or does it still seem contained? max: the answer is somewhere in the middle. and infec

but you haven't been able to go into that torch since july 1918 because of the black tom explosion black thomas little artificial island just off of ellis island where the statue of liberty is and it was blown up by the germans in 1916 during world war one and because there was a munitions there and in fact one of the the boats ready to ship off with missions to the allies and in europe was filled with munitions for russia that the united states. if thing but the explosion was so huge it was at the equivalent of a 5.0 richter scale earthquake in new york and was felt as far as way as philadelphia but remember that whole world war one that was the end of the last them pyar that was the end of the british empire they were fighting off the german rising power and the world was chaos for decades during that whole period but where did this looting start how did the looting start from the very very top because we've gone from the people looting the shops to the merchants essentially looting their they looted the wealth of the nation through stock buybacks but how did it all begin and you know with this tran

tom keene, i'm jonathan ferro, together with lisa abramowicz. an uncomfortable calm, maybe even a exuberance, we unwind that a little bit ahead of the ecb decision. tom: no question about it. --d under $1700 announce ounce.1700 an everything going on in washington, it was a historic evening last night with the -- the of the matus mattis essay in "the atlantic." jonathan: it was quite the contrast for the president of the united states. no question about it. i know we are going to go to kevin in a moment, but it is an .xtraordinary moment the number one thing is the president's response has pretty much been on radio silence. looking to hear from him a little bit later this morning. ecb and christine lagarde. lisa: the interesting thing to me as we are not necessarily seeing the emergency in markets. as tom was sand, we are going to get the release. we got thoseget, u.s. initial jobless claims every thursday morning. how quickly are some of the people getting rehired? how much are these numbers understating the situation given the discrepancies we are seeing? so many questions, but hopefully we will get a glimpse into potential recovery. -- jonath

tom: i thought he looked a little peaked myself.hancellor always rooting for southhampton, it seemed like he had an observation of liverpool with that city loss. stories will be out here in a moment, but we revert back to maine, with gerard cassidy. lost connection with him because he was on a boat out in portland harbor, and he's now come closer to shore. we will talk to him about the business as hand -- at hand. i thought of you yesterday and i look at the stress test, particularly the re-stressing in the third and fourth quarter. what's the need for combinations in american banking? gerard: i think what you are going to see is that re-stressing is going to be challenging for all of the banks. but you bring up an interesting observation about the combinations. i think what you are going to find, if you are in the camp that the u.s. economy is going to recover in the second half of the year, though stress tests that the fed will force everyone to do again will not come again. the reason being is that the banks are realizing that th

asset basis, with all of this qe, with all of this repression of yield, equities may look a little bit better. tom: this is extraordinary. i agree, it is completely unusual times, but june 30 beckons. how will institutional buy side 1?ey reset for july ate: i am not sure we have giant rebalance after the second quarter. they never tend to move the market is much as we might fear. i think there has been a consistent rebalancing of institutional portfolios along the way, and people are still trying to figure out what to do with the second half of the year, yet alone make big asset shifts that will affect multiyear horizons. at this point, i would expect people to continue to ride the risk wave a bit, conscious of the fact that in the second half of the year, we have another set of big risk factors. lisa just mentioned the election. there's going to be a lot more news out of d.c. over the next couple of months, and a lot of posturing by both democrats and republicans. i think that is perhaps going to shake the markets a little bit at some point. lisa: i am struggling with writing the risk curve at a

the pound just a little bit lower. tomybe francine the quad driving the pound weaker with her conversation with the chancellor of the exchequer earlier today. to have you reset for the second half of 2020, a guy who writes an incredibly interesting short research note. michael purves is great because it is six or seven or eight pages, instead of the three pages of boilerplate. in that, he always tries to get out in front of the trend. with theat to a t issue currency dynamics a year ago. we are thrilled he could join us this morning. really simply, where is the opportunity right now? what are you writing about as the true alpha generating opportunity for the second half? michael: it is a tough question. i think it is tough for any of us. i would start by answering that question, saying that if the first half was very binary, almost in a risk on/risk off, the second half is going to be much more nuanced, less binary set of analyses. there's a lot of things coming to the foreground after we tear the fourth of july holiday, w

little bit, down five. a mild move lower of about 0.2%. from new york city, alongside tomeene, together with lisa abramowicz, i'm jonathan ferro. heard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance." ♪ ♪ from new york city, this is bloomberg surveillance. we are live on bloomberg tv and bloomberg radio. i'm jonathan ferro. counting you down from chairman powell and secretary mnuchin just four hours away on capitol hill. in new york city, equity futures rollover just a touch. south by a quarter of 1% on the s&p 500 as we close out cutesy with a huge quarterly loss. treasury yields coming in just a little bit of a long end. in foreign-exchange, we talked about all this morning, the dollar with a little bit of strength. several tenths of 1%. really nice almost dollar recovery. you we tried to do is give a wonderful cross-section, the surveillance team has done a great job of that extended conversation. tomorrow, ambassador bolton will join us. right now, particularly foreign-exchange. it's probably not going to come up with steve mnuchin or with ch

tom keene, i'm jonathan ferro, together with lisa abramowicz. an uncomfortable calm, maybe even a exuberance, we unwind that a little bit ahead of the ecb decisionestion about it. --d under $1700 announce under $1700

. ♪ >> this is bloomberg surveillance, tom, we are talking a little bit about some of the fed policieswe want to get back to catherine. that, what does it mean for supply change, and what could have started or what companies much more inward looking? >> there are a couple things on the supply chain. first and foremost, the short-term disruption. at this notion that supply chains need to be more resilient, that has been around for a while as firms consider a lot of risks that they have experienced over the past decade or so, these sorts of things. supply chains are going to becoming more resilient, they are going to have more supply sources. that is against the backdrop of whating everything home, we need is excess supply and excess capacity at home, and that is negative for trade. we were talking earlier about the need to have higher productivity growth to grow out of the debt that the current me are putting on the balance sheet and the central bank. trade is a very important ingredient in driving the prices. and we look at this desire the need for productivity growth, and this entrenc

. ♪ >>> tom petty, requested by shelley. thank you, shelley. a little on this wednesday morning in june, it's 8:23. and by the way, if you have a song, even though we are done today with traffic jams, i keep a list. and sometimes i might play your song the next day. hit me up, on facebook, twitter, instagram, east hashtag, ktvu. >>> 8:23. new this morning, the world's biggest marathon has been canceled due to the covid-19 pandemic. the announcement about the new york city marathon, scheduled for november 1st, came just a short while ago. organizers and the mayor's office both decided that risks were too high for runners, volunteers and spectators. entries for this year's race will be offered to reach next year's race or get a refund. >>> five teachers and 60 students are in summer class. what is happening at sunrise independent charter school may predict what is going to happen this fall. class times are staggered, students get their temperature checked, when they arrive, and when they leave. they will also wear or hold pool noodles for social distancin

little light. francine? francine: tom, i'm looking at some of the markets here. netherlands,pe -- support for airlines. we will be speaking with a chief executive on that shortly. german infections rates declined, and in all there seems to be more optimism that policymakers will not have to reverse plans to reopen after lockdown, after new cases rise. inre is a bit of optimism europe this morning. tom: very good. it is a joy to begin this friday for me with a gentleman who flagships the great romance, klm of the netherlands. anis an airline, it has agreement of 14% here, 14% there with air france. but klm is the romance of intercontinental travel of the past. it is not batavia of the 1920's, not even the transatlantic flights i remember as a kid. what it is is klm fighting for its life. there chief executive officer joins us now. peter, thank you so much for joining "bloomberg surveillance ." what do you need to do on this friday and through the weekend, and into july, to right the ship before the airline industry implodes? facing aviation history and in the last

showing a little bit inferior. tom: dollar stronger, and looking at the markets, great.row we will be in conversation with john bolton on the path forward for conservative thought in america. been haines of pangaea has wonderful about speaking about the other america and their politics away from three zip codes in new york, to zip codes in d.c., and for you and a half in l.a. good morning. ambassador bolton has made clear he will support president biden. how does conservative washington and the conservative theology of america get comfortable with president biden? terry: i don't think they do very much. the misunderstanding going on is that he is running as the centrist he has for most of his career. over the last year, you can see that is very much not true. for some time, i have been telling at the biden trojan horse. the policies have gone left. the supporters have gone left. he's involved in what i think is this quixotic pursuit to engage thatessives in the hope they can get out votes. clearerbecomes a little , we are not seeing the joe biden of the 1990's but someth

we do give a little bit of that up, just a little bit in the last hour or so. tom: i agree. ast hour and a half, it has given up a little bit. but the first thing i did this morning on the bloomberg terminal as i went and looked at standard deviation studies of the market. came, how how far we quickly, and the damage yesterday was not nearly as bad as i thought i would see on the bloomberg screen. jonathan ferro knows that a major at hsbc not only has the low yield call right once or twice or three times. it has been extraordinary about nailing the longer-term bond call. in the equity markets, benjamin wasler was -- layler brilliant in december of 2018. he has been shockingly on in the last number of weeks. i read his morning note and he reemphasizes optimism after what we saw yesterday. we are thrilled he can find time to be with us this morning. in the the nuance now long-term equity long call? what is the distinction right now that keeps you enthusiastic? farhe rally we have had so has been about valuations expanding. and i think now we are rotating and looking at earnings

what happens with respect to all of the little vectors of disease who go home to their families? tomat is interesting here, mayor gelber -- go ahead, please. europe -- you are up. tom: what i was going to say, excuse the delay, is your father basically invented the idea of york down to miami beach. -- the advantage of that idea of moving from new york down to miami beach. he took advantage of that. how do you do the winter season in miami beach this year? how do you convince those northerners to get down there when it gets chilly? mayor gelber: the first question is how we are going to tolerate crowd. my little city, and i am just a small part of the county, has 4000 new york addresses, 4000 units owned by new yorkers. so we already have a pretty natural influx of people visiting or people living part of the year here, sometimes six months and a day for tax reasons. matter is thehe market is going to determine some things because some people will simply not travel. so much of our hospitality economy is tethered to planes , theoats, and these ships cruise lines that seem to be moored

i thing maybe this outcome is a little bit different. tom: we will have to see.e got to bring up cash's trash. the mail is coming already. you've got to get the bridgewater view will not right now. jonathan: i will bring up all of those issues. don't worry about that. that is tomorrow at the bloomberg best conference. from new york city this morning, good morning to you all. alongside tom keene together with lisa abramowicz, getting you ready for the opening bell. futures, upity about 0.9%. bonds creeping higher as well. 8:30 eastern on bloomberg tv and bloomberg radio, exclusively sitting down and catching up with the st. louis fed president, jim bullard. this is "bloomberg surveillance ." with the first word news, i'm ritika gupta. a warning from infectious diseases chief anthony fauci and other top health officials. they will tell congress today they are preparing for a flu season that will be complicated by the coronavirus pandemic. they don't expect the pandemic to be mitigated by vaccine anytime soon. the cdc has developed a test that can check for both vir

the japanese yen just a little bit stronger. tom: we will see how the news flow goes today.you are a part of global wall street, particularly american wall street, this is our conversation of the day. pushingichaud did has 35 years of experience with bretton woods of speaking to small and midsized banks, and is of big banks as well. we are thrilled he joins us today, of course with kbw. people thate got worry about the decisions away from the research and banking services of kbw, but what is your basic take on how we are going to get wall street back to work? thomas: i think there are a couple of important decisions that need to be made and steps that need to be taken to ensure the safety of our colleagues in returning to the office. that is always of paramount importance. when you say what does that mean , for example, we have redesigned a lot of the patterns around our buildings. we worked closely with landlords in our buildings around the country just to make sure that safety, number one, is what is in mind for our colleagues. we have also taken a very local approach, so

tom llamas. >> reporter: that's little george. and there was no holding him back. seen his mom. she's a nurse in england. charlotte cole. separated from her 2-year-old because of her work on the front lines. she said, i've never seen him run so fast. and he grabbed onto us so tightly, i never wanted to let him go. in some cases, health care workers finally able to reunite with their children after making tough decisions to keep them safe from exposure. marianne dakac, a doctor at boston medical center working with covid patients, seeing her children, eli and isabel, for the first time in more than 90 days. >> i really love my kids and it's really good to have my kids. >> reporter: she's just landed at the sacramento airport to reunite with her children, separated by more than 2,000 miles while they were staying with her parents. >> i knew that i was going to be leading a covid team. and i said, dad, it might be for three to six months. and he said, i don't care. >> reporter: in phoenix, separation taking its toll, especially on the young ones. 4-year-old paisley, s