reporter: farmer tom peterson is having to truck water in so his cows have something to drink to stayve. under normal circumstances, they would drink from a local pond. here's the problem. it has dried up. on his soy fields, the crops might look healthy from a distance, but the roots of the plants that should be covered with wet mud instead have nothing. like most farmers here, pearson doesn't have access to man-made irrigation systems. he relies solely on rainfall. >> whatever rain falls, that's the water you get. when nothing else. no rain falls, that's the problem. >> that's the problem we had this spring. reporter: nebraska is going through its worst drought since the 1950's. it is complicating harvest of corn and soybeans. >> we kind of have what i call doubled up flash drought. two separate period of rapid intensity drought. reporter: the third largest agricultural exporting state in all of america. some rain started falling a few weeks ago, staving off total crop loss, but an intense hailstorm destroyed many crops already fighting for survival. you might be wondering why it mat

many farmers out as there is gabriel. alexander reports dell from lincoln, nebraska, a farmer tom peterson is having did truck water in so his cows have something to drink, to stay alive. under normal circumstances, they would drink from a local pond, but here's the problem. it's dried up and on peterson. so it builds the crops might look healthy from a distance, but the roots of the plants that should be covered with wet mud instead have nothing. and like most farmers here, peterson doesn't have access to manmade irrigation systems. he relies solely on rainfall. so whatever, whatever rain falls, that's the water you get. that's a long weekend. and nothing else? nope. has no rain falls. that's the problem. that's a problem. that's a problem. we had the spring. no rain fell nebraska is going through its worst drought since the 1950s. it's complicating harvest of corn and soybeans. so we kind of got lou, i've called double the last route. so 2 separate periods of rabbit, intensification of a drought in a state that by some measurements is the 3rd largest agricultural exporting state in all o

a farmer tom peterson is having the truck water in, so his cows have something to drink, to stay alive. under normal circumstances, they would drink from a local pond. but here's the problem. it's dried up and on peterson. so it builds the crops might look healthy from a distance, but the roots of the plants that should be covered with wet mud instead have nothing. and like most farmers here, peterson doesn't have access to manmade irrigation systems. he relies solely on rainfall. so whatever, whatever rain falls, that's the water you get. that's a long weekend. and nothing else? nope. has no rain falls. that's the problem. that's a problem. that's a problem. we had the spring. no rain fell nebraska is going through its worst drought since the 1950s. it's complicating harvest of corn and soybeans. so we kind of got lou i've called doubled it flashed route. so 2 separate periods of rapid intensification. the drought in a state that by some measurements is the 3rd largest agricultural exporting state in all of america. some rain started following a few weeks ago, stating off total crop l

tom: the peterson, i am like why are you lecturing my kids on weight? he says if i forget to lecture all kids, i will forget to lecture them. lisa: you are right to point at the pandemic, people staying at home and not exercising. jonathan: the amount of deaths tied to obesity and the risk factor of people in the group. yet, it hardly got discussed. i would have expected after that to be some attempt. this is a big deal. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com pres. biden: where is it written that america cannot lead the world again in manufacturing? we are going to do just that. the plan is to invest in america. we are transforming our country by rebuilding america's infrastructure. i am not here to declare a victory on the economy, there is a lot more work to do. we have a plan. let's turn things around. bidenomi

tom: thank you so much, dana peterson. keene here with you on bloomberg radio, television. i want you to dovetail your washington view here. my basic take is, the history is washington is sleepy in the summer. i don't get that this year. kailey: i was told august would be a chill month. that is what i was promised moving down to d.c. instead i cut multiple indictments of a former president, natural disasters that the president has had to visit, conversations about policy matters including a government shutdown which could be on the horizon. it has been anything but sleepy. and a lot of it is not informed by the economic reality that americans are facing right now. that factors into the electoral politics, biden on the road touting his economics. tom: dow up, futures up. vix at 15.83. spx up half a percent this morning. to all of you, welcome, as we start the week out. right now, it is back to school. we are thrilled that kailey leinz is with us. i want to talk to you about a huge deal for parents. you were an acclaimed danc

but fred ever reason i maintain this file. >> when he was charged with murder, peterson got busy. first i got tomhey have. >> it was almost verbatim style the same affidavit. no new evidence. none. i cannot believe they would bring the charges back up again and not have one piece of new evidence to justify them doing that. >> it may be mad. >> i know that i am not being very outraged about it. the defense attorneys have to control her emotions. >> who was the defense attorney agree with? >> we had a prosecutor with a big ego, a cold case expert. and, investigator who is having this case, since the beginning of it in 1996. all he wanted to do was get the case squared away before he retired. >> are you suggesting a detective would persuade a prosecutor to go ahead with a case to favor case of his is because he was retiring? >> yes, i am. >> it was justice, they had in mind, not retirement. and when attorney peterson asked the judge to throw out the murder charge, the answer was, no way. it wasn't going to go away. not this time. >>> coming up, -- >> it was murder, it was planned, it was heinous, pr

tom: you mentioned transmission, that is such a french word word we are going to transmit to jackson hole with adam of the peterson institute, his essay on china's definitive and the new foreign affairs, are we going to transmit china deflation over to the west? virginie: i think there is an element of that. chinese -- even gdp growth is around 5% which is the central case at this point. it is a weaker china we see. europe is more exposed to china than the u.s.. definitely part of the slowdown picture. generally a theme of divergence of the u.s. versus the rest of the world. lisa: how much can you get any conviction about buying in europe at a time when there are so many questions swirling and the direct transmission mechanism of monetary policy? virginie: in the equity market, there is a price for everything. if we are at the beginning of the consolidation phase, you will see some companies that have strong exposure to some of the programs we talked about in the u.s. or the growth areas linked to technology to increase climate change investment. that will come back to more reasonable prices. it is where is your b

tom and john and lisa will be live on jackson hole. there will be a special edition of bloomberg surveillance starting at 8 a.m.. don't miss the show at jay powell speech, plus the petersontute's adam posen, krista lena george eva from the imf philadelphia fed president patrick worker, insight with bloomberg opinion colonists mohamed el-erian. this is bloomberg. he snores like an angry rhino. you've never heard an angry rhino. baby i hear one every night. every night. okay. i'll work on that. save 50% on the sleep number® limited edition smart bed. plus, 60-month financing on all smart beds. shop now only at sleep number®. >> if there's ever a soft landing, taking six percentage points off the headline inflation rate without any increase in unemployment would sound like a soft landing to me. >> that was jim bullard, former st. louis fed president speaking with bloomberg's mike mckee yesterday. mike was in jackson hole. bullard was in purdue. he is now the dean of the business school. interesting conversation he brought up had may be a new inflation regime as well which we will talk about in just a moment with cameron crise. we are looking at the market, and where we are.