tom and i and ask questions to our guests on your behalf. this is bloomberg. ♪ tom: good morning, everyone. this is "bloomberg surveillance ." i'm tomne in new york. a little bit of a switching error there, my fault. francine: always. tom: the jobless claim number at 8:30 this money. francine lacqua in london, i'm tom keene in new york with a great technical team nothing us to get through all this. hoping us as well is joyce chang, and jp morgan, running all the research capabilities. joyce, on the international markets, bruce kasman has been extremely pointed that, yes, this will occur, but there will be long-term ramifications. for the audience worldwide, what are the ramifications once we are through this pandemic? joyce: i think the ramifications are going to be a much higher debt burden. we are already going into this with business debt at a record level to gdp, so it is a lot of the same outcomes that we saw in the global financial crisis. you will have a weaker balance sheet. so that means you will be looking at what the credit losses are. so there is the immediate short-term income impact, and the question is, can that be ad

newcombe glance was tom you know that. tom. tom tom. not even been caught maybe one day it would indeed be afford it i'm good. good luck with that porsche cayenne mr johnny we wish you and everyone else safe and clear roads the next week comrade. on the road with our superheroes my mission is clear kushti get down to me cause clearly should explore germany. they don't exist i am very much everything out there is a lot going on in. germany tried and tested check in. 2 30 minutes on t w. i am history ever repeat itself. germany at the time after time the republic. today. just how fond of the shadows of the pounds for each. x. the future. time on today. in 75 minutes on w. . with him how to being gun goes up as well lions how you know if i had known that the boat would be that small i never would have gone on a trip i feel i would not have put myself and my parents in the danger of a lot of the theme of the to give us leave would. love one son get it but that one it wouldn't give them i have serious problems on a personal level and i was u

tom? tom: thank you so much. much more coming up. we'll look at the same theory of this transaction. we're loyal and fragile here churning on best texas intermediate, as well. michael mckee will join us and michael and i will talk to the vice chairman clarida about the state of the monetary experience. taylor, what did you see over the weekend after this wide set of actions. >> don't kill me if i say this, time to question monetary theory, m.m.t. from helicopter money and neil shearing is looking at the long term nsequences of ignoring the laws, and what it means for m.m.t. hell don'ter money re send. tomael will descend before we hear from the vice chairman and i believe will be a little bit after. michael darda channeling manly johnson over the weekend. an important voice in the early 1990's. much more to talk about today including the interview with the vice chairman. stay with us. this is bloomberg. taylor: i am taylor riggeds with tom keene in new york. we know the opec plus alliance has come to an agreement to cut petroleum output to 9.7 million a day. after a week long marathon of bilateral calls and video conferences to tackle the pandemic on demand. joining us to discuss is bloomberg's amry, is $10 million enough? >> it's a good question. goldman sachs noted after the deal it's historic but insufficient. 9.7 million million barrels a day and double that and some traders are saying as much as 35 million wear ells a day and will help stave off these tank tops in terms of storage but in terms of impact and prices today it's really tiny and a drop in the bucket but up they were ab

tom: -- francine: sorry, tom. tom: let me get into this data right now. equities higher today in west texas intermediate is absolutely 9/11.able, back to after we are back to december of 2001 into january 2002. it is $19 a barrel and now in $18 handle. it is extraordinary. francine. francine: i am looking at stocks. u.s. equity futures. the focuses is on the roads largest economy. u.s. helping investors understand how it will reopen. us., thank you for joining the market is taking risk by the fact we are slowly thinking about the plans to reopen the economy. what happens the market is we open, and then we have to shut back down. if you look at the number of deaths and infections, they are not under control. >> thank you so much. an hour base case, we do think we start to get the restrictions lifted but there will be setbacks, as we progress through the year. that is why the earnings that people are looking forward to are probably not going to make before 2021.end i think some of that of what you are describing. happens -- where is au look at when it right

tom? tom: francine, thank you so much. oil is what i am looking at more than anything, with dollar strength. i cannot say this enough. if you want to frame an optimistic view on the market, next is our interview of the day, benjamin later -- like december of 2018, he is optimistic. this is bloomberg. ♪ ♪ morning, everyone, the beauty of washington. kevin cirilli looking at all the politics of the moment. if you are a bowl or not of -- in those withsted optimism, this is the interview of the day. hudsondler is that tower -- at tower hudson and he had the courage in 2018 to say go along stocks for a substantial move. he is saying the same thing now. we are thrilled ben laidler could join us. what does the gloom crew get wrong? go very quickly and that is a contrarian positive. got cut quickly compared to previous crises and that is a contrarian positive to give us a bit of visibility. you have unprecedented fiscal and monetary stimulus that was bigger and came quicker than the previous crises. and now, we are beginning to see some potential stabilization in these cases. you put all that together and given where markets got to in a shockingly quick way back in march, that is the main ingredient for this big bounceback we have had. tomre the distinctions of your -- one of the distinctions for your call is your affection for these faang stocks, leaders driving up even as the market stagnates, and it seems this call is that the rest of the market will be pulled up by the faang excellence. do i have that right? ben: broadly. was, 20%double what it of the u.s. index. people are concerned about valuations. come out of this crisis stronger than they went in. some of the regulatory pressures we were worried about three to six months ago are starting to fade away. i think we will see impact on vc funding meaning less competition. i have no problem with valuation. they may be nearly twice the market, but every other indicator you look at whether it is profitability or growth, is more than twice that, so i think andg's are well supported more important now than they have ever been. there are more cyclical elements of the market that are more technically interesting -- tactically interesting like real estate, small-cap, bits o

tom: tom: next few days will be critical. the world health organization a belief friday -- tom: the mystery of it as well.ery about the markets, it is of on this morning. nice correlations including weaker dollars. this is bloomberg. ♪ morning, it is not coney island on pause. shining sea, america tries to figure out how to reopen. u.s. deaths approach that of the vietnam war. risk on, the dollar is weaker. watch credit spreads, not earnings. things will be ever more dominant. decide how tomust not fight the last war. good morning. from london,, still in our homes as well. dramatic i noticed a change in the island of manhattan this weekend. people really trying to figure out how to get outside, how to be social distancing, and yet a dramatic

tom keene. lacqua in london, tom is in new york as always. the earnings season is unprecedented. and then as i am back on my feet come you give me a good laugh last week because even my father-in-law was testing me saying i hope you are enjoying your holiday. it was not a holiday. but i'm good and i'm back. tom: we are thrilled that you are back, and this illness is something, whether it is the flu or covid or whatever. betsy grace at morgan stanley yesterday, and she said she is focused on the original moment we had in earnings yesterday. we will see that with j.p. morgan and wells fargo. as you mention in your opening, the major thrust here, country to country come is on lockdown, and if and when anybody can really wish -- country to country, is on lockdown, and if anybody can relinquish the quarantine on society. francine: we will have a full round down -- rundown on the possibility of a vaccination, but we are nowhere near that yet. we also have to look at antibody testing. let's get to the bloomberg first word news in new york city with viviana hurtado. viviana: president donald trump hopes to reopen the u.s. ahead of schedule. the president saying within days the administration will issue guidance for governors who want to relax social distancing practices. the president says the guide

tom? tom: viviana, thanks so much. let's look at equities, bonds, and as i said yesterday, oil, oil, oil. crawlings intermediate back near zero, still a negative statistic moments ago. as francine mentioned, the june contract below 20, plummeting to a recent low of 18.4. emphasize awant to dampening across all asset classes over the next 48 hours with yields coming in, curves flattening, equities obviously off. just one idea, the correlate over to oil. corn having a really difficult go of it. francine? yeah, tom, i do think it in generalk at more broadly, explaining the difference between the may contract and the june contract. those who take physical delivery in the near future of crude may not find storage for those barrels. also looking at pound, we had an interesting call from some of the banks given that the u.k. and e.u. conversations have restarted, but the u.k. keeps saying they will not extend the transition period. we also need to look at pound. 1.2395. tom, let me pick it up and go to someone who has been waiting to speak on oil. -- martin, it is is incredible what we saw yesterday. tom and i were talking about it. a lot of people took a long time to explain it, but the matter of the fact is that there is too much oil and not enough storage. does opec-plus have anything to stabilize it, or is it out of their control now? have reached a stage where this is out of the control of anybody. matter of fact that the global economy has grown to a halt because of the coronavirus and increas

tom? tom: thanks so much. let's look at equities, bonds, currencies, commodities. it is up, down, up, down, up. the fix coming in, a little bit that the vix coming in with a little bit of a risk -- the fix coming in with a little bit of a risk. persistently under 20, but the idea of where the dollar is is extraordinary. it is just flat out a resilient u.s. dollar. francine? thatine: i like the fact we will spend a lot more time talking about dollar. that dollar kind of resilience as you say means a lot for emerging markets, but also for euro. we are also looking at pound pretty much unchanged, but we do need to spend a bit of time on at antill under or 18-year low. stocks in europe with u.s. futures. to talk more about what happens next, the unemployment figure, joining me now is andrew sheets. thank you so much for joining us. how much loss in gdp will we have? -- or is soon to say because of to say the lockdowns easing up around the world? andrew? i'm not sure we do have andrew. if we don't have andrew, we will get andrew in a second. what has been significant to me, when you listen to ray dalio, and we also spoke with joseph oughourlian today. the views are very different. this is because you do not really have a rulebook. no one has ever really seen anything like it, and a lot will depend on testing, on whether even if the economy is not in lockdown as it is now, people go out and spend. that will make a huge difference for markets and currencies, tom. tom: not only floating the pandemic in, but i would notice yesterday with this idea -- i don't remember what days of the week it is, i can barely understand it is the middle of april. but what i would notice right world,h an andrew sheets is the partition we are seeing between selected successful equities and everything else getting absolutely crushed. it was stunning, francine, yesterday, to combine in the new dawning of where our economy is with trying to price it forward, whether it was earnings in the banks and morgan stanley, mr. sheetz, morgan stanley coming out here later this morning. parsing of xssive number of selected chosen stocks -- obviously amazon front and center -- versus small-cap and value getting absolutely crush. there is a lot of dynamics in the market right now. there is a lot of dynamics, tom, and if you look at the company's -- you look at earnings and people are saying what do earnings actually mean? it gives us an idea of forecast whether they are brave eno

it was a friend of tom's named gil. >> i got a phone call from gil saying, "have you heard from tom?" and i said, "no. have you heard from tom?" and he said, "no, but he didn't show up at work. >> reporter: what's going through your mind? is there concern or just, oh, maybe he's at the gym? >> tom would never miss a morning of work. >> reporter: linda jumped in her car to to retrace her husband's steps, hoping to find him. she never imagined that search would lead where it did. >>> coming up, linda's heartbreaking story. >> i saw his car. i was like oh, my god. >> tom kolman had gone to the gym. in fact, he was still there. >> i was like wake up. they're looking for you at work. i was just like, oh, my god, this can't be happening now. >> when "dateline" continues. eni are having a debate. -i have a back rash. -alright. whoa, mara. i laugh like this. [ laughs obnoxiously ] it's just not my scene. -i couldn't help but over-- -do you like insurance? i love insurance. did you know you can save money bundling home and auto with progressive, and renters can bundle, too? i know, right? [ laughs ] [ singing continues ] why'd you st

how did it all tom. tom and all. in a blizzard 3600 meters vehicles with lights a load stand up that's a child's. death. toll from falling. at minus 30 degrees the road is an ice rink the truckers must code as best they can. kid screamed number one. sure they're going to do. the no talk with chocolate. in his little truck takes a chance and manages to push through. further on they stopped to help a driver whose vehicle has broken down you'll. see. just one of them in charge. of a hoover home program for group one. gets going to look at this. is it just. is it the goes up because of. what was a column of color that gives example that i could get today but. the indestructible soviet 4 wheel drive saves the day. the temperature drops still further at night and their guest is worried. that. john marshall the. boss of mark listening to somebody put out a. list of. what's up. on that because marco dick i have to look in the clock this guitar because profit almost gives the skin skin a month long it's got a lot. of breakdow

how did it all tom. tom and all. in a blizzard 3600 meters vehicles with lighter load stand a better a child's. death. from the. minus 30 degrees the road is an ice rink the truckers must cope as best they can. get screened. they can record you. know exactly. what happened. in his little truck takes a chance and manages to push through. further on they stopped to help a driver whose vehicle has broken down. just one of them and charged. with over the road and program for a group of. kids going to look at this. album isn't just. is it the us up because of. what was a cover up of color that gives a good job for the couple gets to date. the indestructible soviet 4 wheel drive saves the day. the temperature drops still further at night and their guest is worried. and on the boss of the. boss of marc listed there. somebody put out a. list of. what's up for. them because marco jake tapper hoping to walk this beach there they could fulfill all much of that the more skits get him off more it's got to come along. a breakdown

how did it all tom. tom and all. in a blizzard 3600 meters vehicles with lighter load stand a better a child's. death. a whole profile of. minus 30 degrees the road is an ice rink the truckers must code as best they can. kids screened. the. show they can make or don't. know exactly. what happened. in his little truck takes a chance and manages to push through. further on they stopped to help a driver whose vehicle has broken down you'll. see. just one of them in charge. of over the road and program for a group of. kids going to look at this. thing and. i love the music just. as it did those up because of. what was a cover up of color that gives example that i could get to date. the indestructible soviet 4 wheel drive saves the day. the temperature drop still further at night and their guest is worried. that. john marshall the. boss of mark listening to somebody put out. listen. what's up. because mark o.j. i have to live in a block this big star that could profit all my kids that skin stoudemire long it's got a lot.

tom. there was one in the 16th pennsylvania cavalry. i don't know if he saw tom move, but he rode over to tom and he dismounted, and got down on his hands and knees, put some water in a handkerchief, patted tom's head, and saw this guy is still alive. it looked pretty bad, but he is still alive. so the trooper from pennsylvania -- and i cannot use his name because tom colley never knew the man's name that probably saved his life. he had few regrets, but that was a big one. he spent the rest of his life trying to find the man who saved his life so he could shake his hand, get to know his name, and say, thank you, and he was never able to do so. there was a lot of fighting left. this was in march 1863. whoever that trooper was, he could have been killed the next week, the next month, or the day before the surrender at appomattox courthouse. so, this trooper from pennsylvania summons a federal surgeon. the surgeon comes over, gets down on his hands and knees, takes a quick look at and says son, there is nothing we can do for you. you have minutes left to live. the best we can do is make you comfortable. tom was acquainted with the wheatley

newcomer landslips tom you know how. tom. tom not will not believe in man com maybe one day it would indeed be afford it i'm good. good luck with that porsche cayenne mr johnny we wish you and everyone else safe and clear roads the next week on ramp. to the. didn't you know that 77 percent obama are younger than 6 o'clock. that's me and me and you. and you know what it's time oh boy says i want part. of the 77 percent of the top bobby fischer stuff. this is where it comes to this abuse of the 1st. 30 minutes on double over. time history and repeat itself. germany at the time at the time our republic. made today. just how fond of the shadows of the construct. backs the future. time out today. 75. 0. 0. closely. carefully. don't know the soon. to be a good. edge of. discovery. documentary. what's the secret behind this classic. 6 percent. here break told him to lose your mind. the story behind the. tears for meat eaters british. law. tobin's knights. of the it starts in. t.w. . place . this is d w news live from berlin americans br

tom michaud . tom, simply, kbw has connections in conversation nationwide. what is your team hearing from banks? think banks-- i feel as if they are in much better shape for this crisis than they were in the last one. eager toat anybody was finally get into a credit cycle, but the seasoned management teams that i'm talking to feel as if that capital, the pretax earnings power, the liquidity that is in the industry is in a much better shape and they feel as if in some ways while they're going to take hits for sure and losses, they feel as if they can be part of the solution rather than part of the problem. i think that is generally the mentality. i would say that is number one. number two, a little sense of exhaustion because this triple p program, the table protection program, came on so quickly. i think history will suggest it was unprecedented but that most of those funds are coming through the banks in really built tome the banks execute that. that is what i'm hearing right now from the industry. we are on the precipice of earnings. we are going to hear a lot more specifics from management teams over the coming days. tomhe management is muche, tom michaud, like that of james dimon, which is steady as she goes. ok, that is fine. how do you stay steady in this crisis and what does jp morgan have to display today to show control of the situation? will tell you, i think there are a couple of things, which is typically when we get into an earnings period like today, you want to talk all about the quarter. i think that is going to be a snapshot in the conversation. but i don't wanted to be missed because we have written many studies over the years that suggest banks do much better in a crisis when they have strong pretax earnings power. don't forget come a jp morgan in the third quarter earned 16.9% on tangible common equity, which was a near record amount of capital. so they're entering this in a good spot. i think what they really want to hear from jamie as they want to hear about what his customers are saying, they want to hear about how he feels as if the cumulative losses, the cycle will play out becau

tom or colonel tom? well, now like to be known as captain tom or coloneltom? chool where they are all on display. we've had to have a special walkway builtjust to get in between them. an amazing site. it was over the easter weekend that the first birthday cards arrived and more and more came in the numbers grew and grew and grew, and now take a look at this, more than 125,000 birthday cards for captain or colonel tom. we are in the great hall at bedford school but it's not room for all the cards, some are being stored in other rooms in the school as well. it isa other rooms in the school as well. it is a visual testimony to what a special man captain tom is, and in the village where he lives, the last few days have spelt —— felt extra special. bunting, birthday cards. really excited. and bells. in the village of marston moor tain, captain tom's big day is a big dale —— big deal. captain tom's big day is a big dale -- big deal. we love tom and we just think, wow, we're so he has done this and also that our village's name will be associated in everybody‘s mind wi

>>to weather let's get another check of the forecast for easter weekend and not from tom tom resort broad regus i'm a very soft. >>yeah i'm sure told over great for death as well but let's take a look at what you can expect in the coming days, current conditions out there right now throughout the north bay looking other live shot out of our timber on camera we are noticing. clear skies great shot of the golden gate bridge in stormtracker 4 noticing low in cloud cover not exist and just yet for all of that is going to change during the overnight hours current wind speeds still pretty breezy throughout downtown san francisco. in fact, i'm hearing the wind gusts right outside my window here for a moment, 25 miles per hour less pretty breezy for everyone else but we are noticing 24 hour temperature change a little bit of cooling now along the coast and along the bay just because of that cool sea breeze influenza, but still a few degrees warmer in our interior valleys because that sea breeze has an extended inland just yet, but temperatures out there right now widespread 50's throughout the sa

tom: tom: one thing we can say for certain is if you need to understand the bells, the pipelines, the dynamics not just of brent, but the 47 shades of hydrocarbons, you speak to stephen schork. he writes the unreadable schork report with this so many sure about fargo oil and heating oil off of new jersey, it is unreadable. he knows what is exactly going on with oil. if you were to have a cuppa coffee today with the president, what would you tell him about the dakotas down to texas? what would be your number one inside. >> that the situation is dire. for the small producer, that is. the shale people in west texas and north dakota. can -- in in by saskatchewan up past calgary a andt and -- calgary edmonton, landlocked producers pipelinet have enough capacity, they are dying. looking at a situation now that, yes, the futures contract with negative, but these markets where you are landlocked, they are trading negative. tomw that i think about it, you do look a lot like james dean. in those james dean reese, oil goes under. the sameing to see string of bankruptcies or can we get this done differently this time? it is hard to imagine how we don't see an acceleration of bankruptcies. inre was considerable debt the oil patch. of $150imates upwards billion. inside of two years, this is going to be a different landscape. producers,maller those that have good acreage, those that have acreage that is easy to drill on are going to be acquired. you are looking at an industry that will ultimately come out of withstronger than ever good acreage being bought on the cheap by the larger producers. these claims that this is a war on shale, perhaps it is but it is a war that is most likely not going to be one buying by those who started it -- not likely going to be won by those who started it. be in the remain will hands of much stronger and leaner companies. it isil will survive but going to be ugly. how ugly? you talk

tom, cani message gets across. captain tom, can ijust message gets across. captain tom, can i just say message gets across. harities. right, thank you very much for all your efforts. i think we‘ve done so well andi efforts. i think we‘ve done so well and i hope we continue to go on, getting more and more effort for the national health service and all the back of the people. thank you. ian, thank you so much forjoining us this morning, really good to hear from you and hear about how the money will be used. let‘s go back to tom and hannah. hannah, can you give us an insight? yourfamily has had to deal with a lot during this process , to deal with a lot during this process, it‘s wonderful, but things have changed quite a bit. the scrutiny on your household, how things were, it‘s been amazing. scrutiny on your household, how things were, it's been amazing. it's been amazing. we never dreamt of it, to be anything like it is today. we are dealing with between 15000 and 20,000 e—mails every day, into the family. there'sjust 20,000 e—mails every day, into the family. there's just myself 20,000 e—mails every day, in

tom usafari. tom is our back of house stage manager every night. ten minutes before the show, tomens every night, it never fails to startle me tom has knuckles like thor's hammer people ask me if i still get nervous doing the show and i don't, because i know nothing can happen during the show that will be scarier than tom's knock. tom is the last person i see before i walk onstage. and when the show first started, i was nervous. and one of the things that made me less nervous was standing with tom, because tom is a pro who never loses his cool and nothing calms anxiety better than standing next to a pro. point is, i miss tom, even his knock. and i can't wait to see him when this is all over ♪ >> seth: i want to thank my guest senator kamala harris. i always want to thank rihanna i'll thank her tomorrow too. what do i care we'll see you tomorrow with our guest jim gaffigan stay safe. wash your hands. we love you. ♪ late with lilly singh. >> lilly: the only thing that would be more florida is if an alligator mud-wrestled a meth head while drinking orange juice. >> daniel: and - >> l

tom? tom: viviana, thanks very much. we look at currency bonds and oil. there's a better risk on feel today. the bond market a little bit higher yields, a little bit steeper yield curve. and of course futures bounce off the grimness we saw yesterday. none of that matter. recalibrating oil to early march or april of 1986, the first collapse that we saw in opec i've got on the bloomberg terminal here. this is really cool, folks, a terminal on a cell phone. wicked powerful. really good charting capabilities, $10, west texas intermediate. francine, really shocked yesterday brent crude under 20, how about a 17 handle right now? francine: yeah, a lot of 9 focus will be of course on brent from now on. i did want to mention something, tom. because spain has followed italy with the record setting bond demand at the sale that came out 20 minutes ago, something that would be seen as a positive overall. stocks here in europe are actually gaining as are u.s. futures. i think a lot of the folks have these oil prices that just cannot find a floor at the moment. the focus is also on treasuries and if you look at the u.s. 10-year, lls a -- always a good benchmark at .58. let's get back to the price of oil and look at what our top guests had to say about where they see it going next. >> pierre: witnessing what happens, now we're running out of the pipelines of food and waiting for the next move. >> storage is an acute source throughout the industry. >> 30 million barrel as day the world is oversupplied right now. >> too much crude oil getting stuffed in storage at a very fast rate. it's a global problem. a lot more crude oil is on the way. >> should be very careful what to buy, oil futures or oil through e.t.f. in all it can be

tom: good morning, everyone. number surveillance. tom keene in new york, guy in london. a longer weekend, no question about that. the data is a jumble. we want to note oil up a dollar, brent crude the 34 level, the vix the 40 level right now. the data today, a churning data set. guy johnson, what do you see? guy: as you say, tomere is a lot to get through today. have the claims number, powell speaking, the oil meeting. there is so much going on today. stocks are off their earlier highs. the treasury is extending its drafter the bank of england here in the u.k.. the prime minister remains hospitalized. 1.0873.lar we are still trying to figure out what happens when it comes to the burden sharing here in europe, and the oil story absolutely front and center. the ripple across from the oil story into the equity markets, fascinating. and also, tom, what is happening amid the currencies -- we will be talking -- we were talking about that a little bit earlier on. the canadian dollar, the loonie, and also the norwegian kroner. tom, a little bit later on, we will be talking with this man, the ceo. that conversation in new york. 10:00 p.m. in london, 5:00 p.m. in new york. this is bloomberg. ♪ ♪ you are watching in newllance." tom keene york, i am guy johnson in london. jerome powell speaking at 10:00 eastern. christin

tom. tom: i am that you mentioned the apple store. it really extraordinary to see. see companies extend out through april and touching into may as well. on the data front, decidedly mixed. oil is riled by an opec-plus meeting that you will see earlier -- later today. securities is grim and emerging markets are being watched is well with the resilient dollar. good to hear paul donovan give us a brief on the dollar. and the dollar out into the future. we will give you the data up to the jobs report this morning. it will be much, much more information today. jobs and sales with florence kudlow with jon ferro in the 9:00 hour. stay with us. this is bloomberg. ♪ there's no place like home. especially when xfinity has you covered with fast, reliable internet. with advanced security to help keep you secure online. and with the most tv shows, movies and streaming apps all in one place. with simple digital tools you can get the help you need or even trouble shoot your services on your own. download the xfinity my account app or just say help into your xfinity voice remote. we are working to make things a little easier on everyone. download the xfinity my account app today. ♪ the lockdown is more or less producing 3% negative growth obviously after the lockdown will finish, the rebound will be immediate. tomerg "surveillance," good morning, everyone. tom keene in new york, francine lacqua in london. david westin yesterday speaking with the vice president of the united states. this is extremely fluid for our global audience, and i cannot convey how the messaging out of washington whether the executive branch canegislative change over three or four hours, so even though this is a current comment by the vice president it is already dated. david, i can tell you, is that because of the public/private partnership we forged with these vast commercial labs that your listeners know well, labcorp, testingoche, we are over 100,000 americans a day, but a very significant breakthrough happened this weekend. speed,moving with record the fda approved abbott laboratories's point-of-care test that people can have administered at their doctor's office. we are in the process of identifying thousands of abbot laboratory machines around the making sure we are distributing those not just to areas seeing an imp

tom? >> tom says he's willing to move. >> i can't imagine, in a million years, that tom would move to waycross likes the city life, and he likes the rolexes, and he likes to be a big shot. >> you think he was lying? >> he does that a lot, so-- >> he does lie a lot? >> oh, god. >> has he been lying to me? >> oh, no, i'm just saying that i would believe it when i see it. >> and wa--his girlfriend's there? >> where? >> in tampa? >> oh, i don't know. i'm the type, i don't do any drama at all. >> yeah. >> tom was just--took advantage of a situation. he would've hooked up with anybody. like i tell him, he'd have hooked up with a girl that had no teeth and whatever if she'd have came onto him, 'cause he knew that would never, ever--he would never, ever have a chance with me again. you're a [bleep] scammer and a liar, [bleep for a minute, shut up! >> hey, tom. >> hey, marcus. >> hey, you know what i wanted to do, is i wanted to go over that tailgate trailer that you guys were working on. >> yes. >> with the waycross facility getting sorted out, i wanted to head back to tampa to see what tom and nancy

tom, oil is stabilizing. when you look at brent, because of the cheap price of oil, china has replenished the stop. -- the stock. that is a different dynamic than gold, tom. tomerent dynamic than yesterday, but the dynamic today is the labor economy. a

tom-tom of all. in good times you act so now coordinating come on province. our 1st role is to reduce death and injuries from your accent accidents. jalabert wasn't there. so long and cool now 2nd tom's community the point is to clear more farmland for the population to come up with the non it again so called. support from 1909 to today because we've got what we have found 116 big cluster bombs. and 12868 bomb best way they will be. 43 landmines a 1000000 sees itself way across and 26036 other us. oh yeah and so in 26 team there was an accident and brought up our district people but the 2 small children died and one was injured but. not. been who own the land and i'm really worried about my children i don't want them to go near the bombs and i know how dangerous they are now so i don't want the children to go close or play near them. and i'm not sure if i would be less worried about my children if i didn't know about the danger. that now and one and you know what i know that i would be very worried if my children found. one. children don't always understand what it is really i might play with a young man without anyone in the past it's happened sometimes that children through run aro

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my name is made tom-tom of on them. in the us coordinator in come on province. our 1st role is to reduce death and injuries from us so accidents. down the bottom . so all men who are in our 2nd towns. is to clear more farmland for the population become the. support from 1909 to today but we have found 116 big cluster bombs. and $12868.00 on this way it will be. $43.00 landmines a minimum of sound more. than 26036 other us. and your lungs will be guy in 2016 there was an accident and brought up our district with the 2 small children died and one that was injured but give milk or not. been who owned the land and i'm really worried about my children i don't want them to go near the bombs and i know how dangerous they are now so i don't want the children to go close or play near them. and i'm not sure if i would be less worried about my children if i didn't know about the danger. and one and yeah. i know that i would be very worried if my children found. children don't always understand what it is really i might play with a young man with alan and in the past it's h

tom tom of all. in the u.s. coordinator income a one province. our 1st role is to reduce deaths and injuries from your acts of accidents. caliber bullet and. so on our 2nd town. is to clear more farmland for the population than the. support from 1909 to today but we have found 116 big cluster bombs. and $12868.00 on this way will be. 43 landmines a minute seas of sound way across and 26036 other us. i know i'm so big i 2016 there was an accident in board up our district but the 2 small children died and one was injured but. not. here. in who owns the land and i'm really worried about my children i don't want them to go near the bombs and i know how dangerous they are now so i don't want the children to go close or play near them. and i'm not sure if i would be less worried about my children if i didn't know about the danger. and one and yeah. i know that i would be very worried if my children found. children don't always understand what it says when it i might play with a young man with alan and in the past it's happened sometimes that children to run around and when there were children throwing them a treat i saw myself and if my children did that i wouldn't be able to accept it the way other families might have and would i look without a man in the air. 40 percent of you x. a victim a children. the end. may my name is laid 345 children 2 of them died i have 3 left. home. you know how i told them to go dig for some crickets they went to find some crickets for lunch that was last year. couldn't that he could from here up to here my 2nd son was injured. he was injured from the knees up. there were lots of holes and he's just big enough for me to put my finger in the mine that was the younger boy my older son was injured here here. and here. my mom in law my younger son the injuries were all over his body my younger son was digging and the older one was waiting for the crickets and that's why the explosion mainly hit my younger son. he son was 11 and my 2nd son was 10 donate and pony. they hit a landmine just digging for cricket's. mother they took my sons to the hospital and they died there they brought my younger son's body some people survive and some don't. the most recent case was a 10 year old child village. had injuries to his head body and both his legs and. tried to help him by giving him oxygen. so. we tried to help him for 15 minutes but then he died. we did our best and felt terrible about the accident. so it's very sad that the boy didn't survive. the challenge for us is that when an emergency arrives here with just a clinic. we don't have the proper equipment and we can only provide basic treatment. if there are any journos who want to support us that is always very welcome. you know if we had more funding for us in laos and if we received more donations we would try to get the necessary equipment. not. be able to treat the emergencies to treat these accidents. the united states stops bombing laos in 1973 they didn't aid to laos until $993.00 to 2016 the us contributed an average of $4900000.00 to douse a year but had spent $13300000.00 bombing out day in 2016 president obama was the 1st sitting u.s. president to ever visit and house to the government the people of laos thank you so much for the kind welcome the extended to me and my delegation. i am very honored to be the 1st american president to visit lots i realize that having a u.s. president in laos would have been unimaginable 6 decades ago this country fell in the civil war your neighbors and foreign powers including the united states intervened here at the time the u.s. government did not acknowledge america's role it was a secret war and for years the american people did not know even now many americans are not fully aware of this chapter in our history and it's important that we remember today over 9 years 9641973 united states dropped more than 2000000 tons of bombs here and lots war inflicts a terrible toll especially on innocent men women. today i stand with you and acknowledging the suffering and sacrifices on all sides of that conflict i also know that the rim remnants of war continue to shatter lives here in laos so today i'm proud to announce a historic increase in these efforts the united states will double our annual fund to $90000000.00 over the next 3 years to help while 6 families for. the u.s. spent $113000000.00 in just 10 days of bombing laos. by my heart and at the end that he and money arrive to the cup center we welcome him to me told us to wait in a room the way tom had during. they came to tell us if we needed to go to the bathroom we should go now because mr obama was coming soon. right about what happened you know after that we waited for him outside and. i had some medication with because i was afraid i would have stomach pain from not eating on time. they scanned me and stopped in my pocket i don't know when i was a bit worried. they checked him so it was medication and they said that was ok and that i could go. in and. that mr obama said sorry and that it wasn't meant to be awarded last. night and they didn't mean to harm laos. and that it was the vietnam war it just happened to mouse and i am not. the one now. president obama just made history by being the 1st sitting u.s. president to visit laos obama has so far refused to issue a formal apology for the secret u.s. bombing campaign in laos during its war on vietnam the u.s. secretly dropped $270000000.00 bombs on laos and hard to cut off north vietnamese supply routes again margaret this

tom: thank you so much. please stay with us from london and new york. this is bloomberg. ♪ ♪ this is bloomberg "surveillance." as always, from london and new york, francine and tom. in europe, stocks are down, movement in treasuries and yen. a clear move to the safety. i wanted to show you what banks are doing, banks leading the decline on the stoxx 600 after lenders including hsbc and standard chartered hard -- halted dividends and buybacks president trump warning of a painful two weeks ahead with the country grappling to get the outbreak under control that is impacting the outlook for market. toms on emerging market, extraordinary what we are seeing, the fragility of the emerging-market. as the fed acted yesterday, you wonder what form of crisis they will be handling at the international monetary fund. what we have been trying to do good to guest is give you conversation to assist you in this pandemic and this crisis. the firstt hour for half-hour, abby joseph cohen. much more to come this morning. this is bloomberg. ♪ ♪ tom: this morning, there is nothing funny about this april fools' day. for millions, the rent is due and the check is not in the mail. america goes in search of direct income substitution. across the nation, it is not there. new york city like barcelona, ever-increasing deaths. the president is grim as dr. f auci whispers of 240,000 deaths. dr. hotez of the medical community as they race to find a vaccine. the central banker to the world act yesterday when will the internet -- acts yesterday. when will the international monetary fund need to act? this is bloom

tom. i told tom, the door's locked. and he said he would call his mom and get back to me. >> reporter: and according to schrauben, tom calledhin minutes with a backup plan. >> he told me his mom was going to go out that night and that they needed it to happen tonight because his mom can't take it anymore. he said we didn't do it tonight, his mom was going to do it. >> reporter: they returned that night about 9:00. slub schrauben's story was he dropped his friend off and drove around the neighborhood while his friend snuck inside and stabbed jack jessee to death. >> we had walkie-talkies. afterward he called when he was done and told him to pick him up. so i'm turning to go back. he had a little blood on his legs. we looked for a place to clean himself up. i believe there was a del taco we found, like an outside place. there he went inside to clean himself up. >> the information he provided, if we could corroborate what he said, would blow the case wide open. >> reporter: police questioned schrauben's friend, he denied everything. he said he wasn't in the car and he didn't kill jack jessee. there was no evidence that he was

tom? tom: let me do a data check right now, equities, bonds, currencies, commodities. it is quite subtle and it indicates global contraction. you see it with a lower yield ,urve, a flatter yield curve rather. you see it with a giveback after the big day in stocks yesterday first up -- yesterday. oil just flat out giving way from the opec-plus meetings, and it confirms again, with short-term interest rates coming in with a vengeance, the two-year yield really back down to near the low seen in 2011. francine: i'm looking at that, and i know we will spend a lot of time on oil slumping, and i know we will try to figure out will dowhat the u.s. with his opec-plus agreement. i actually put pound because there is an interesting call, an interesting bloomberg column about this saying that europe is trying to get the act together not only because of the pandemic with the lockdown, whether they are ready to ease them, it is sterling that could be the winner longer-term. brexit, a little bit at the back end of our thoughts right now, and maybe that is a good respite for pound traders. i don't know if we have the airlines, but i will show them. premarket airlines are jumping quite significantly between 6% and 7%. let's get to the markets with blackrock official institutions group equity had. good to speak with you this morning. when you look at what the markets are pricing, is there a worry that actually economies relax their lockdowns, only to put us back in lockdown, and the markets kind of will deal with that even worse than they are now? >> good morning, francine and tom. that is exactly the right question. i think it is important to keep havend that stock prices retraced, are up 30% from their lows. number one, we have seen some very massive policy reaction from not only developed markets but increasingly also from emerging markets. number two, the lockdown seems to be working in terms of containing the spread of the epidemic in advanced countries. i think this is the good news as priced in. the problem is the outlook beyond that is very murky. and a lot of attention right now is focused on china, which is dealing with a second wave, but in doing so without having to go back into a full lockdown. if we can see that the chinese economy can continue to reopen while dealing with the second wave, etc., i think there is some reassurance that the scenario in the imf yesterday of a gradual reopening of the economy in the second half of the year can pan out. but right now we don't know for sure, and i think that is why we are not seeing much, even more in th

may 22 >> for the past couple of months, we'll been bringing users data from tom tom, the gps servicewing the traffic flow if you look at shanghai and beijing compared to one year ago, it does look like from the data, you live there, that we are monday to friday, pretty much back to mostly normal you live there what does it look like >> it does look like it is mostly normal in that people are going back to work a lot of people feel that they have to and then on the weekends, there aren't as many people that are out. what will be interesting, brian. is what happens this next weekend and over the next several days we'll have an important gauge of consumer confidence. it is the may day public holiday that runs from may 1 to may 5. we tend to see this as a big shopping and travel time the ministry of transport put out some numbers saying they expect the travel numbers to surge even though it may only be a third from last year beijing had lowered its emergency response level for the virus, which means people like me here in beijing can travel out sie outside of beijing and come back withou

tom. tom: all of surveillance today will be looking at the markets, about various economic issues that are out there. japan front and center as they consider some fortis -- form of state of emergency. with first word news is viviana hurtado. viviana: we begin with the trump administration saying there are signs the u.s. coronavirus outbreak is starting to stabilize. president trump and vice president pence pointing to a day by day reduction in deaths in new york state. the surgeon general's warning americans to brace themselves for tragedy. he said this week will be the hardest and saddest of most americans' lives. hit hardestntries by coronavirus all reporting the pace of deaths declined, and that suggests the lockdowns that are keeping millions people away from work and each other is hoping to flatten the disease's curve. now to the u.k. prime minister boris johnson was in the hospital for the coronavirus. illness was originally described as mild and there is no sign it is getting worse. his doctors suggested he be in hospital because the symptoms have not cleared up. negotiators are trying to stem the historic christ -- rice crash. -- the historic price crash. one obstacle is that russia and u.s.i arabia want the to join, but donald trump has shown little willingness to do so. global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries, i'm viviana hurtado. this is bloomberg. guy? tom? viviana, thank you so much. let me get to the data. we are having some audio issues this morning, folks. we will try to get those straightened out. equities, bonds, currencies, churn toes -- a nice the market. after the surge we saw on friday, it continues today. mostly i would suggest off a better picture of the rate of growth of deaths in new york. no question about that. and also maybe a little bit about europe, including germany, with some better news as well. churn isnd market, a what i am going to call it, the curve steepening a little bit. writing about a resilient for a strongerl dollar. we see that now particularly against the mexican peso. guy johnson? guy: it is interesting, the fed's actions do seem to be working. lily working with a little bit of a lag as we have seen the pound actually a little higher against the dollar. it was none earlier on the back of what is happening with boris johnson. but i think you're right, there is this belief in the market that once you sta

england and at one point, when he got to boston, he became acquainted with the man displayed on tom-toms, creation sort mechanical because someone might be in a box under this stage would seem to talk and respond to questions.s. had occurred to him because the crowds had begun to fall off for her to plant a story in the i newspaper saying she was in automaton that she was made out of india robert and gadgets and stuff like that. this sorta became a typical ploy for barnum. when he had an act he would either create a conflict counter argument about the person or whatever is on display. and then sort of challenge audiences to come and see for themselves. if it was something in his museum they might want to go in and see this act. then he encourages to come back and see it again. i do think if you look at the length of his career, one of the things he knew he was doing, who is not only bringing people in who had lived lives there pretty isolated. when he was born the telegraph had not been invented, the photograph, the railroads were not running, and throughout his lifetime, people who live

tom to another. from one tom to anotherlj from one tom to another. forward to that. key workers and their families will have another chance to book coronavirus tests this morning after the government website was inundated by applications yesterday. labour says ministers should have been prepared for that level of demand and is calling on the government to produce an effective testing strategy. let's speak now to the shadow health secretary, jonathan ashworth, who joins us from leicester. good morning. thank you very much for joining good morning. thank you very much forjoining us this saturday morning. so, let's talk about this testing website, shall we? the idea of this is that it will help the government get to its 100,000 target, goal, by the end of the month. that is the hope of the government. but the website has come under, has been inundated, hasn't it? so it has got these technical problems. is that really so big a problem? well, i think what it shows is that there is huge demand for this test. up until yesterday ministers were suggesting tha

tom. tom: very, very interesting. a lot of the earnings are industrial away from the bank earnings we saw yesterday in that important interview with mr. gorman. right now we want to drive forward to what we're going to be doing for the rest of this hour. gideon rose, foreign affairs magazine. onir new issue is very much climate change, be pushed to the side but i'm sure gideon rose to the essays we have seen in foreign affairs have some terrific perspective on the international relations of this pandemic. please stay with us. historic day for oil. this is "bloomberg." ♪ viviana let's get your first word news. we begin with the deal that is close on the coronavirus. president trump has joined democratic leaders and some members in his administration working on a new package that will provide up to $500 billion. more money would go to the loan program for small businesses plus hospitals and testing. now to china, the nation adding stimulus after the economy shrank for the first time in decades. thanks cutting borrowing costs. the government promising to sell another $141 billion in bonds for infrastructure spending. vice president mike pence will discuss today testing shortages with u.s. governors. president donald trump says some governors are relying strictly on state laboratories. he says they should also turn to large commercial and academic labs. governors above parties are calling for more widespread testing. they say without it, they cannot start to reopen the u.s. economy. in germany come the last 24 hours, the number of coronavirus cases rising this month by the least. since april, -- since april 1, the number of for tallies is also the lowest. germany will begin allowing smaller shops to resume regular business and schools will gradually reopen. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. thank you so much. greatly appreciate that. i should point out again oil is south come even further. contemplating a 12 handle on west texas intermediate, 13 and change right now with no sign of a bid. what you need to know stuck at home is you are bored, run out of things to read. this is what you need. i can't say enough the value of foreign affairs magazine. their new issue is on climate change, clearly done before the pandemic set in. i've already read the wonderful article by professor pei of claremont, his article on china. all i can say is if you go to their website, you will get the new issue, which is an app endemic. leton rose, ambassador hoss off your many essays on the pandemic. what is the thrust you see from the council on foreign relations and from foreign affairs on this great pandemic? always, forom, as the kind words. the first thing the council does not take any particular positions or have an official view, just like most experts in general don't have a particular uniform view, they just approach your particular lens. right now the interesting thing, the debate going on is just how much the coronavirus is going to change things. how much the pandemic is going to alter stuff. obviously, things are going haywire right now but the question is, when things have calmed down, will they look like they were before or some dramatically new thing? a lot of people are suggesting that everything is going to be different. i don't particularly by those suggestions. the article you mentioned argued what is likely to happen is the trends that were already going on in the economy and the global system are likely to be accelerated and hasten. i think the thinker who got this time correctly in retrospect was the one who talked about liberal democracy in post-american world. coming out of the pandemic, the world looks like that. it is basically a world that no global leadership, the u.s. now particularly in charge and everybody fighting with everybody else and nobody particularly being constructive or democratic. it is not a pleasant picture where we are coming out of this. instead of bringing people together, it seems to be dividing countries and people. tomessay on china in your new issue, gideon, is absolutely stunning on the grimness of presidentxi and the control or lack of control he has over the future of china -- grimness of president xi on the control or lack of control he has over the future of china. >> the author is a wonderful china's greate of experts. he makes the case that china, looked at objectively right now, xi jinping is at the end of a long political success story and it will be very hard for them to keep going forward on the same kind of track economically over the next several years. and if the economy doesn't keep moving forward, then the regime might prove much more brittle than people think because a lot of it has been driven by performance legitimacy of the economic success of chinese economy. if the crisis turns out not to be a big boost for china but an increasing stress and if the u.s. sanctions and decoupling restricts china's ability to goingnto the world, xi is to find himself in a world of trouble. the ar

. >> i want to play something from senator tom -- tom cotton who has been hard on the nation, the leadershipor a long time this is what he said about where we go from here. it is time to treat china and pharmaceutical manufacturing out to china and back to the united states, building more factories here and cut off access to chinese drugs in america. >> shannon: you and i have had a little bit of that conversation. what do you make of those plans or proposals by senator cotton? >> >> i fully support the concept of having our basic ingredients made in the united states and not offshore as it is estimated over 90% of pharmaceutical components are being manufactured in china. that is alarming. it is grown and occurred over decades. and that needs to be reversed. we shouldn't have 100% made in the united states, but we certainly should have a much more appropriate balance so strategically we are in firm control of the critical components that go into our life-saving drugs. >> shannon: well, now we are being told to really watch out for china. the headline for foreign policy says this "china is b

tom moore. captain tom celebrated his 100th birthday today. the captain has raised over £30 million, and if ordinary feet. —— in extraordinary feet. applause welcome to wolverhampton. this is a residential home for elderly people, 24 residential home for elderly people, 2a hour support for those who have been shielding during the outbreak. they all come out and clap, etc. 0ver they all come out and clap, etc. over here, we've got riley. applause cheering # happy birthday to you # happy birthday to you # happy birthday to you # happy birthday, captain tomy birthday, captain tom # happy birthday to you! welcome to normanby on teesside. the teachers on social media have been encouraging them to do it. giving them a goldstar. carers really appreciate this. i've been speaking to some nhs hospital workers who say that they hope people don't feel obliged but that they ought to come out here and do this on a thursday night. but when you come to strip like this on teesside, you know that families are absolutely delighted to do it —— when you come to streets like this. for the hard work and ca re like this. for the hard work and care staff is showing. thousands of people here on teesside and of course gci’oss people here on teesside and of course across the uk. we are here in cardiff as, across the uk, people are finding different was to show their admiration. the lives of musicians have changed quite considerably. in this street, these houses, these people are part of five different orchestras who would normally be travelling around europe. th

tom, iam immense gratitude to the nhs. listen, tom, i am coming immense gratitude to the nhs. listen, tomle who have managed to get onto yourjust giving page to count me down because i can‘t get on. i have my ipad, my phone. you are almost there. i am desperately trying to get online again. i‘m just waiting for a bit of again. i‘m just waiting for a bit of a countdown. £500 to go, tom, and you will have reached 5 million. ok, oh, my gosh... ican't you will have reached 5 million. ok, oh, my gosh... i can't see anything... but can you hear me all right, hannah? i can hear you're all right. i think we have found, the english language, as broad and as deep as it is, we can‘t find the words. well, we haven't got there yet. oh, my gosh. i have two phones and ipod. it says [199.276.91, so it is almost there, but this isn‘t refreshing. my gosh. just agony... 0k, refreshing. my gosh. just agony... ok, i'm refreshing. my gosh. just agony... ok, i‘mjust waiting refreshing. my gosh. just agony... ok, i‘m just waiting for my collea g u es ok, i‘m just waiting for my colleagues who have managed to get

. >>> even tom brady having trouble finding >>> tom brady may have won six super bowls, but is still finding it hard to find a place to work out. tom brady busted working out at a closed park in tampa, florida. the mayor said a city employee came across brady while patrolling that park in downtown. the quarterback recent lip moved to florida. he's going to play for the tampa bay buccaneers. >> so a lot of our park staff, they patrol around just to make sure that people aren't doing contact sports and things, and saw an individual working out in one of our downtown parks and went over to tell him that was closed, and it was tom brady. >> the city tweeted sorry tom brady, our team can't wait to welcome you and our entire community back with even bigger smiles, until then, stay safe and stay home. >>> this comes as we have learned that rob gronkowski is coming out of retirement, reuniting with tom brady and tampa bay. in return, new england will get a fourth round pick from tampa. that ought to be something. >>> paul heggen joining us now. looking for a warmup. >> yeah, some warmer weather in the forecast. if you want to get out and d

tom f-ing brady. you should be staying in your house to keep me safe. anyway, tom brady's at the park working out and his friend gronk is coming with him. why, i don't know? is football even coming back? i have a sneaky suspicion tom doesn't know he's living in florida because he retired last month. one group i file aeel are not gg enough praise are those working at grocery stores. the employees at kroger and a bunch of cities did get an incredibly generous perk from their employer. a flier was circulated at kroger that said as part of their associa associate appreciation program, they are offering all pepsi 20-ounce soft drink products for $1 each, limit two per transaction, dr. pepper not included. of course dr. pepper isn't included. he's at the hospital right now fighting the virus on the front lines. but there you go. more beauty in the face of adversity. thank you for all you mountain dew. meanwhile, there are reports that kim jong un is in bad shape health wise. he is reportedly in grave danger after complications following a heart procedure. but because everything with him is secretive, no one knows for sure. one of the reasons they suspect he's not well is because last week he missed the most important ho

tom, tom married susan spencer who is a force to be reckoned with on her own, she is a television news correspondent, long time at cbs news. >> for a girl trying to think of a career and wonder if there's some way to have a meaningful professional life to see these three that long ago, early in 1972 it was the breakthrough and it only got -- it remained, sadly, very male in a lot of respect. >> it took longer on the print side, 76, a few women covering the campaign. by 80 there were quite a few women covering the campaign and things changed. >> on your bus there was elizabeth drew from new york, mccrory from the posts. >> elizabeth rarely came out. at that point mary was there. >> the great mary mcgrory was there. i read her when she wrote for the star and later for the posts and i used to watch her because i always thought she was an incredible writer. i'm sure everybody did. i was such a poor writer i would be sitting in the middle of the night in the press room. the two of us would be the only ones there and i was trying to come up with something mundane so that i could convey whatever happened and she was toiling away in the middle of the night, writing and rewriting and i watched her out of the corner of my eye trying to give it to me. give me a vibe. >> she had already achieved that status but she was a character too. i remember the night of one of the primaries and i will take a wild guess and think it was wisconsin. we were in a press room and since mary is not here to jump down my throat, she might have had a couple at dinner and she was a boston tough talking gal but she was very fast eddie us about her appearance and her hair was always done. at any rate there we were in the newsroom as the returns started to come in that night at mary as i said was a little off but she had a cigarette and she was on the phone just to chelating and a bunch of us were watching this cigarette getting closer and closer to her hair. and all of the sudden it lit up. mary liked young men to carry her bags and on this occasion young men sprayed forward and poured water. >> can i say being the only woman, there was a lot of gameplaying but i was used to that because it was an everyday affair, every day. you see the me too movement today. back then. the daily occurrence, all of you know what i'm talking about. you just deal with it. >> you're going to make me tell the story or you are going to tell? >> you tell yours first. >> remember there were all these things these pioneers did that helped establish the idea of women doing this and one of the things was they really were one of the boys, especially this one and i remember one night during the general election, we were somewhere and sometimes after we were all filed we would go have a couple before we turned in and connie chung was pretty good at hanging out with us a little bit. >> i realized that was how you are getting your stories. i was always in bed in my room, you now? now. he never said who he was in bed with. now. he said when i realized carl was breaking stories right and left, you were breaking stories right and left, how did this happen? i realized if you go down to the bar, get wherever you can on the campaign, a little snow covered they might tell you something. >> so there we are, 3 or 4 of us including connie. how many times have you seen this happen? some ball bearing salesman started to hone in, obviously and awkwardly making passes in connie chung's direction. i was struck first of all by how calm and cool she was about it as if she didn't pay notice to the guy and he didn't understand and kept circling and coming back the way these barfly do sometimes and finally he would come back and i was just starting to get up out of my chair to shoot him away when connie gave him one of the most withering stairs i have ever seen in my life and set a line that has stayed with me forever, said look, you don't want to go to bed with me. you would just be horny 20 minutes later. [laughter] >> we were emailing that. >> from that moment on, connie was one of us. >> we were emailing back and forth, he said he had a story, i have no memory anymore. i forgot it. i had to develop a little repertoire because there were so many of these things coming up every day. one time i have to tell you, roger mud reminded me, when he was writing his book he said jim not in -- noton of the new york times. another one, jules whitaker who was at that time working for la times before he came to the post and i was -- i think it was the biltmore hotel in philadelphia on the phone on a pay phone, the old-fashioned pay phone with the accordion glass and big black payphone and a seat. i was talking to somebody i had been dating and they came up and pressed their noses against me, harassing me. i thought they were sexually harassing me. they pushed their way in. since i was sitting here, i can see their belt buckles at that height. to get rid of them i pulled their flies down. [laughter] >> roger said to me did you do that? i went i think so. >> on that note. that is a hard one to follow. did you feel you had a lot of access to mcgovern? when all the journalists, when they were covering our campaign, they would get close to the candidate, enough that they felt almost possessive. timothy crouse writes about after muskie tanked in the polls, seeing a group of his journalists had just knocked down 5 rounds of whiskey. there guy was out. that was one of the things that was most different about 1972, the access. on the same plane with the candidate with the staff. there were no barriers. you could talk to mcgovern and do things like that. i remember being in new hampshire in early january of 1972 and wanted to do a story about mcgovern. i rode with him in a car and the only person in the car was the driver. don't know if you want me to tell the story about the thousands%. >> you must. >> i wrote the story that prompted mcgovern to say he was 1000% behind eagleton. they had a press conference where they announced eagleton had treatment for depression including electric shock treatment. after that story, what is the next cycle? what is the follow-up and the post-dispatch, going into mcgovern's cabinet, he got an interview with mcgovern. i have to figure out how to get an interview. i found out he was playing tennis, had an hour tennis lesson so i went over to the tennis court where he wasn't asked if when he was finished i could ride up with him to his cabin to talk to him and he said sure. you couldn't get within 10 miles of the candidate today. in most cases you don't fly on the same plane with them. i went back to the press room. the ap couldn't afford it, we had one for the two of us. i got it from my colleague, not telling why i wanted it because i didn't want to tell anyone what i had. i interviewed mcgovern. in the course of the interview i asked what do you think the public reaction is? he had been supportive of eagleton. he said we have to wait and see. mcgovern is still supporting eagleton but says we have to wait and see how it reacts. it is totally in a risk. you have to understand communication in those days. half of mcgovern's staff is in south dakota, half is in washington. they barely have phone communication back and forth. they don't have a wire, they don't have an internet, they have no way to see my story for hours and hours and hours and when they see my story they go crazy. he is pulling back from eagleton. we have to do something. they have a hernia meeting and mcgovern says i will deny it was the press secretary says i don't think you can do that and i have it on tape. his solution was to put up a statement in response to the ap story, i am 1000% behind eagleton. >> the statement was put on the wall at the press room. at the best western. >> the person who did it, in the third row. >> he had red hair. some of it is -- joining our racket after the election and that is a great life and that is her moment in history and she pulled it off beautifully. but the more serious point. jimmy in the book -- >> that he get something wrong? >> he got something right and we all got it wrong. timmy's thesis in this book is the established way of covering politics was full of it. >> with what? >> fool of it. it created a two dimensional linear unreality, easily manipulated by politicians. on the eagleton mcgovern thing his point was overall we had blown the story because we failed to transmit how manipulative, i love eagleton but how manipulative he was in trying to stay on the ticket and how skillfully manipulative mcgovern was in trying to grease the skids for getting rid of him without having a dramatic press conference on getting rid of the guy. we had this confusion, timmy's point that all of this was farce and not genuine drama and that is the larger point he was trying to make in the book. that is one reason it is still studied today. there is something wrong still with 2-dimensional journalism. in many respects our hero of this book, not with stories about drugs and booze and sex though there are a few of those is hunter thompson who could make a campaign more real by going off to pluto and back. our favorite one in new hampshire that he had discovered, the reason muskie was allowed a candidate, was boring as hell, stiff as a board, somebody had smuggled to new england this drug from brazil and even had a name for it and it made you boring and he would go on to describe an actual appearance by muskie which could be like this. the real guy was very funny, very profane, worried about his stature but obviously an interesting man. this thing that was campaigning was just not -- any way hunter's descriptions of muskie were more real than ours. that is tim's message. >> wholesale decision about everyone, i don't think it is true with every single reporter. if you look at david broder, otto. >> you have to weigh in in a second but one of the question is tim is wrestling with in this one and it would come up repeatedly in campaigns all the way to today, how could the whole institution have been dead wrong about it muskie, not whether he was a good guy or bad guy what the situation was. >> practically the eve of the new hampshire primary there was this massive structure known as the muskie campaign. >> everybody was wrong about hillary too. >> that is my point. >> alive and well today. >> we were just beginning to have a debate among ourselves in 1972 usually in bar rooms about whether our coverage was about candidacies and what they was about. >> what a horse race. >> hurricane. first time you hear that term was in 1972. in our daily stories, yours as well is mine, if a nominee went somewhere and said something that was the story. >> what they usually did was they had one new paragraph in the standard speech. >> you could recite the speech with him but we could hear one new part. >> he would mouth the speech as the candidate was giving it. >> one of mcgovern's traveling gurus in 1972 was a guy who had been central to presidential politics since 1960, fred dutton was his name. later went on to become, believe it or not, washington operator to saudi arabia. >> boy did he get rich? >> but he was marvelous at his craft. one thing he said was the candidates, personalized something about the stump speech so everybody could have a laugh. there was one example that involves you and me. mcgovern would have lines in his stump speech, classic liberal that he was, the need for taxed, the line was every day the big rich businessman can deduct the price of his three martinis and the line in the speech would be the poor working guy can't deduct the praise of his -- >> bologna sandwich. >> what he would do to lighten things up a little bit, a poor working stiff like carl leubsdorf or tom oliphant can't deduct the cost of his peanut butter and jelly sandwich. in pennsylvania, why did he do this? back to access, i was talking to mcgovern on the plane just before we got off. >> that is fred dutton. >> also he was losing the election and trying to have a little fun because this is not going to end well. >> that was fred dutton. he had a great one for bob kennedy who always closed his speech with a famous quote from george bernard shaw, some people see things as they are and ask why, i dream things that never were and ask why not. several times kennedy would say into the microphone and so, as george bernard shaw said, let's all get to the press bus and the mood would lighten. access was very different. >> the contrast was so profound because nixon was invisible, absolutely invisible. he was nowhere to be found. >> he finally became a story at the end of the campaign. >> i think all of us felt no one was pressing him from that side and meet with the press. >> just before 72

tom is host: tom is up first on the line for those 51 to 70. tom, good morning to you. caller: good morning. i would like to make a comment about the social distancing. i live in a motorhome pretty much by myself, with my cats. i have been to prison before. social distancing is not a big thing if you are used to this. when people go out and do not take it seriously, that is on them. you really should listen to your , people, and stuff. i would not listen to the federal government, especially not donald trump. people giving false information, that stuff is dangerous. host: do you think people are taking it seriously in california? caller: oh yeah. gete are signs when i frustrated trying to go to the store, and people are just worried about getting their toilet paper or rushing in and there is no need for that. is nice in california. people are doing the right thing. that is why our death toll isn't so high. host: is your governor doing the right thing out there? caller: oh yeah. i love gavin newsom. he is telling it straight how it is. and i turned the tv to cnn or someth

tom f-ing brady! god sent me to win you guys a super bowl. you should be staying in your house to keep me safe!" anyway, tom brady is at the park working out. and his friend gronk is coming with him. why, i do not know. is football even coming back? i have a sneaking suspicion tom doesn't realize he's living in florida because he retired last month. a lot of people are working hard during this time, and one group who i feel is not getting enough praise are the people who work at grocery stores. they are putting their health at risk so we can hoard oreos. but the employees at kroger in a number of cities did get an incredibly generous perk for their gallantry. a flier was circulated that said as part of their "associate appreciation program," "to support the hard work of the kroger associates, they are offering all pepsi 20 ounce soft drink products for only one dollar each." limit two per transaction. dr. pepper not included. well, of course, dr. pepper is not included. he is on the front lines fighting the virus! so there you go. more beauty in the face of adversity. thank you for all you mountain dew. meanwhile, there are reports that north korean leader kim jong un is in bad shape health-wise. he is reported to be in "grave danger" after complications follow