furious five... ♪ ♪ ...and later, mariah carey. ♪ ♪ does having that experience and the success of tom tomconsider what happene with talking heads? >> well, i think it did a little bit, in that i think some people, people who were perceptive, realize that, oh, maybe the whole talking heads band is more of a shared experience than we realized. ♪ ♪ >> reporter: but as frantz's writes in his memoir, there has been one constant throughout this shared experience: tina. >> tina has been wonderful to me and i hope i've been wonderful to her. >> reporter: what-- what advice would you give to couples to last 43 years? and then the follow-up, what advice would you give to music couples to last that long? >> ( laughs ) well, i believe that it's important to keep up the romance, so i think you should send flowers. i think you should send candy. and i think you should do the dishes. and i think it's also very important to keep your sense of humor and to get enough sleep. ♪ ♪ >> sreenivasan: that's all for this edition of pbs newshour weekend. for the latest news updates, visit www.pbs.org/newshour. i'm

tom? tom: coming up a timely conversation in the 8:00 hour. mr. kaplan of the dallas fed. there is so what's going on, including the markets telling the fed what to do, this new lower weight regime that we see. robert kaplan in the 8:00 hour. this is bloomberg. good morning. ♪ tomgood morning, everyone. "bloomberg surveillance." the jobs report way out there. at the end of the week. it seems a million miles away. kaplan coming up from the dallas fed in a few hours. arvind barth from barclays joining us. i want to tie in on something that last week i think we really underplayed, and that is emerging markets, fiscal and fx dynamics. we know the argentinian story. i think people have a good grasp of turkey unraveling, but as a general statement, what is the knock-on effect of a developed economy slow down on e.m.? there isell, i think actually several different things going on here, tom. we talked about it before, this idea that actually with the advent of increasing automation and ai, we start to see over the last decade globalization unwind and production move back to advanced economies because it is actually cheaper to use robots than it is to use humans. that was already undermining emerging market growth. now they get hit by covid, and the fact that you have

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. >>> when we come back, linda's heartbreaking discovery. >> i saw his car. i was like oh, my god. >> he had gone to gym. in fact, he was still there. >> i'm like wake up. what are you doing? they're looking for you at work. i was like oh, my god, this can't be happening now. >> when "dateline" continues. still fresh... unstopables in-wash scent booster. downy unstopables. children are suffering from treatable causes, living with conditions many have never seen. for more than 40 years, mercy ships has deployed floating hospitals with volunteer doctors who give their time to provide the free surgeries these children desperately need. "i feel like my reas

tom keene will be -- that sets me up. tom keene will be taking some time off. jonathan: i wonder how much vacation you've taken this year. tomam almost out of my vacation days. jonathan: i have too many. you will not let me take time off. coming up on this program, sarah bianchi. tom: you have a reunion. jonathan: a reunion. a virtual one. this is bloomberg. roadblock in is a the capitol hill talks for a new virus stimulus package. it is mitch mcconnell's insistence or be legal liability protection for businesses, schools, and colleges. mcconnell says he will not let the bill pass republican-controlled senate without a temporary shield. democrats say they will not accept the republican plan as it stands. joe biden good name his running mate as early as midweek. bloomberg has learned the presidential nominee has finished interviewing the candidates. joe biden promised in the spring he would pick a woman to be his vice presidential candidate. vladimir putin is claiming victory in the race to develop the coronavirus vaccine. the prime minister says the country has come out with a vaccine. vladimir putin says one of his daughter

anna, tom francine: tom: thanks so much debt tom. tom: thanks so much. doldrums in the market. renminbi comes in stronger today, really breaking down. 6.89 right now number of yuan per dollar. see is a big deal to strengthening chinese or nimby. here is the equation. a little bit of wednesday math. the nominal yield is higher, inflation expectations are higher as well, and equally, so the real yield, the residual of that is the same, -1.01% right now. inlived in the yield, a lift and inflation expectations and that gives you a stable real yield. was that too much math, anna? anna: never too early for a little wednesday math update. i have got the response we are seeing in european markets to confirmation of an extension to the furlough scheme that we have seen in germany supporting those employed in businesses that have been hurt by the pandemic. they have extended it for another year commotion significant. does it set a precedent for your -- year, which is significant. does it set a president for europe?- precedent for the euro weaker as well against a flat dollar this morning.

tom emmer. where is tom? tom, tom. there he is. what a man. these are warriors. jim hagedorn. pete stauber. is a very important one, this is very important. your next senator from minnesota, fantastic man, i see he is even in the polls. normally that doesn't mean much but it's a big step and he's fantastic, jason lewis. he's going to be a fantastic senator, that's big, jason. that's ahead of schedule. here we are doing very well in the polls. if we went back minnesota, it is over. it is over, right? we win minnesota. our great republican candidates for congress, michelle fischbach. where is michelle? michelle. i hear so many great things about you. i've heard so many great things. go out and do it. we're going to be out there working with you. tyler kistner. tyler, tyler, tyler. good luck, tyler. a great group. a man whose name i love, lacey johnson. great job. i've been following you. you are doing good. you're doing good. thank you very much. we really have to get them, they are warriors all of them, all of them. we have to get them in because we have to stop this craziness that's going o

tom cotton. tom getting that from tom cotton. to m cotto n getting that from tom cotton. the senator of arkansas, very hawkish, very conservative and also a staunch supporter of donald trump and his stance on china. he has spokenin his stance on china. he has spoken in the past about the security threat from china, intellectual property theft and somebody who has been touted as a potential presidential candidate in his own right. he has paid it down. here he is. good evening. i am senator tom cotton. a lot has changed in four years. back then we gathered in a rowdy arena. tonight, you are probably at home while i stand alone. standalone — that was the motto of my old army unit, the original band of brothers, from the normandy beaches to the iraqi desert, we fought alongside each other and we we re alongside each other and we were always prepared to stand alone. and so it is with our nation. we lead the free world. but we will stand alone if we must, to defend america. donald trump understand this. he put america first and that is why america first and that is why america

tom? .- this is bloomberg' francine? tom? tom: 30 year bond, the tips that everybody is following. the real yield, -.99 percent. francine? francine: european stocks are actually fluctuating. if you look at, you know, full faith and technology lead rally, chanced by poor economic data from the region that you mentioned, france pmi is significant, falling estimates. it also germany was disappointing. so i'm looking at the euro go down a touch, and if you look at the offshore fund, rising to the strong this level in seven months against the dollar, china's economic market rebound from the pandemic was one of the fastest in the world. so keep an eye on china and what they will know next. tom: we could go many ways in a three hour conversation with kevin cirilli. unfortunately, we only have minutes here. what i want to do with our chief washington correspondent is drive forward the conversation. at first, last night, vice president biden. mr. biden: as president, the first step i will take, we need to get control of the virus that has ruined so many lives. because i understand something

president donald trump has kept his word to the american people tom tom. in a city known for talkers president trump is a doer and few presidents have brought more independence energy or determination to that office. 4 years ago we inherited a military hollowed out by devastating budget cuts an economy struggling to break out of the slowest recovery since the great depression isis controlled a landmass twice the size of pennsylvania and we witnessed a steady assault on our most cherished values freedom of religion and the right to life that's when president donald trump stepped down and from day one he kept his word we rebuilt our military. i mean this president signed the largest increase in our national defense since the days of ronald reagan and created the 1st new branch of our armed forces in 70 years the united states space force to. thank them with their renewed energy we also returned american astronauts to space on an american rocket for the 1st time in nearly 10 years. thank you now after years of scandal that robbed our veterans the care that yo

surveillance'with tom keene, jonathan ferro -- this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: for our audience worldwide, good morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. claims data 90 minutes away. this equity market breaking down a little bit. tom: claims data today, and the market is really out front. we will do a data check here, but there is no question yields have come in. i am going to use the phrase abrupt. there is an abrupt lower yield structure this morning. jonathan: equity futures down nine on the s&p 500. the long end of the treasury curve outperforming. a flatter curve. the data at 8:30 eastern. lisa: we are looking for jobless claims, as well as continuing claims out of the united states. people are expecting slight improvement in the absolute numbers, but it is not just the numbers. it is the type of job losses, more permanent, less temporary. didn't get numbers from uber and tripadvisor. i find this interesting after hilton posted a loss this morning. also this morning, president trump in ohio speaking about the economy. interested to hear what he is proposing on infrastructure spending,

tom: you see how he answered that? he answered that ik press conference -- that like a press conference. michael: you don't mess with the all, tom. tom: michael mckee, congratulations around the bullard and kaplan conversations. rnc, on then the president of the united states, rick davis, stonecourt capital partner. this is bloomberg. ritika: with the first word news, i'm ritika gupta. the longest serving prime minister and japan's history is resigning. shinzo abe is stepping down for health reasons. the government has provided few details, but reports say he has been undergoing treatment for a chronic digestive condition. he plans to stay on the job until the ruling party picks a successor. hurricane laura left chemical fires, wrecked buildings, and flooded roads in its wake in louisiana. there could be more than $15 billion in insured losses. the hurricane has now been downgraded to a tropical depression, and moved through arkansas overnight. coca-cola will offer employee buyouts as part of a strategic reorganization area the program will be first offered to about 4000 employees in the u.s., canada, and puerto rico, and there will

tom fitton joins us with that and more. lou: joining us tom fitton president of judicial watch, tom has a new book that's coming out this summerlic under attack available for preorder right this very minute, well, not this moment but a couple minutes later. good to have you with us, tom, let's start with the president's tweet talking about online voting, mail-in voting. this is -- i don't get the sense that the republican party is doing a thing about assuring the integrity of this election. there should be, you know, to me a lot of volunteers at every polling booths in the country. what is your reaction to what's being done? >> i think republicans and democrats should be nervous about the election. we have 43 million ballots according to the washington post that are going to be automatically mailed. in new york they have been swamped with ballots, many of which they were unable to count meaning that they were invalidated because they were not properly cast. you want your vote to count, you should go vote in person. that should be the message from republicans and democrats. this vote by mail scheme, obviously democrats --becaus

tom crean joins me in new york. joins -- tom -- tom keene me in new york. ve a full round up of the banks and also tech stocks with tictoc. this is bloomberg. ♪ francine: global coronavirus cases top 18 million. in the u.k., the government reportedly considers sealing off london if infections spike. missing the market, hsbc shares dip on surging bad loans. we'll hear from the company's chief financial officer. and tiktok turmoil -- the u.s.-china tensions threaten risk appetite. mike pompeo suggests action to protect national security won't stop with one company. good morning, everyone. welcome to "bloomberg surveillance." i'm francine lacqua in london. tom keene is in new york. tom, a lot going on. you look very dapper, especially for monday morning. the markets are focusing on banking stocks that disappointed in terms of earnings, and they are also looking at what else we are doing in the world of treasuries. treasuries, wef have disinflation galore in america. 10-year tips breaking down to new lows. this is unimaginable, all that in the backdrop of washin

a genius of love from the tom- tom choir which was talking heads without david byrne. that. send me a song and make it a kovr. use facebook, twitter and instagram and used the hashtag # kovr. >> the california premiere of one of the most anticipated new movies of the summer. >> you get the truck, come back with the money. >> that's $2.5 million per had. if you come back alive. the movie called peninsula is a korean thriller and a sequel to the horror movie. a soldier narrowly escaped a zombie apocalypse and have to fight to survive the pandemic. they were originally going to have a worldwide premiere again few dumps several. it's one of the few big new movies for this summer and screened next friday at the west wind driving in san jose. the times for 58:00 a.m. a young girl from yemen has been reunited with her family in san francisco. rod is 10 years old and saw her family again for more than a month last night at sfo and there were hugs antithesis and care tears. the family escape the war in yemen and applied for asylum in the west while they were in egypt. the famil

tom yet -- i am ritika gupta. bfrancine? tom? tom: equities, bonds, currencies, commodities. to fourear, we go digits here. we like to go to four digits in our data check. i'm really looking at the 10-year tips. this is a stunning real rate -1.0837. of a that is an extra ordinary statistic. they wreck we go to four did was -- nejra, we go to four digits on bloomberg surveillance. nejra: those real rates have largely been pushing gold higher. you see a little bit of risk off in european equities. a lot of earnings suggest the dollar near a two-year low but making a comeback and a fourth the pound very much in focus. one of the g10 performers up .4%. negative rates are in the toolbox but they have no plans to use them. pricing has come back into the markets on negative rates. market took some of the guidance on the boe as well, slightly hawkish. --ning us is jeffrey you geoffrey yu. why not start with the bank of england as we have just had those comments come through from andrew bailey? are we going to see negative rates at all in 2021? the market has repriced a little bit off

tom. affecting travel and leisure. tom: last week the democrats, this week the republicans. this week president trump. leslie vinjamuri will speak with us about the republican national convention, most of that taking place at the white house. leslie vinjamuri next. this is bloomberg. futures up.3, dell -- dow futures up. there is no red on the screen. this is bloomberg. ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. tom morning, everyone. "bloomberg surveillance" on a monday. anna edwards in london, tom keene in new york. upuge mauve -- a huge move here. londonn on a monday in with leslie vinjamuri on the republican national convention. it will not be held in a big arena like the democrats. it will be very virtual, but it will also be very, very different than what we saw last week with the democrats. leslie vinjamuri has a real nice sense of history here as well. at this convention, is there a republican party? know, you ask, as always, the right question. is there a republican party and who is it, but also, where does this republican party go after november depending on the outcome? the republican party does not look much like it will have all four of president trump's children very much part of the show. it will have nikki haley, who has been in the administration and is now part of the party, but who we think of as being the long members of the republican party, we were at the democratic national

tom: yeah, he clearly doesn't want to take the fight, biden as well, mrs. clinton, her lawyers. the guy -- lou: i'm sorry, say that again? tom: durham has yet to talk according to the dossier source's lawyer to the key of the dossier. lou: tom thank you, tom. i want to remind you of my new book, the trump century, how our president changed the course of history forever. it is available immediately for your preorder, you can order as many copies as you wish, one to infinity. you can do so at the trumpcentury.com, of course, amazon.com, barnsandnoble.com and just do it to annoy the dickens out of the left in this country. i assure you that would be the effect and, of course, your own immediate entertainment and enjojojojo looks like they picked the wrong getaway driver. they're going to be paying for this for a long time. they will, but with accident forgiveness allstate won't raise your rates just because of an accident, even if it's your fault. cut! sonny. was that good? line! the desert never lies. isn't that what i said? no you were talking about allstate and insurance. i just... when i... let's try again. everybody back to one. accident forgiveness from allstate. click or call for a quote today. latonight, silence it wit

tom tom.check out home base as well aside from this number, what is the most important thing to watch? >> in terms of numbers, to be clear. the standard economic stuff is date you this is data relative to the daily home base data we are getting. that's the word of caution with what i'm about to say with the data going forward you can actually back in to an estimate of what is happening there. we are seeing this plateauing of data it should have been a ripping quarter but we are moving in momentum here. >> that does it for us on "worldwide exchange. i'm off monday see you on tuesday dow futures are up 162 have a great weekend what happens when a wireless carrier puts its customers in charge? well, the good news gets shared. and it gets rated #1 for customer satisfaction. but don't just take our word for it. take theirs. it's your wireless. your rules. only with xfinity mobile. call, click or visit a store today. >>> president trump taking action the ban on tiktok and wechat starting 45 days fro

tom: it is for beautiful people like me. they put me 42 miles north. bears,me, three grizzly and kevin down the road. [laughter] lisa: commuting with your people, right, tom? tom can i say? coming up, the interview of the day on the american labor economy. we are thrilled to bring you mark zandi of moody's. he says the unemployment rate is higher than 10%. mark zandi coming up. stay with us. this is bloomberg. ritika: with the first word news, i'm ritika gupta. it is one of the most powerful storms ever to hit louisiana. hurricane laura made landfall earlier today with winds up to 150 miles per hour. they have now slowed down some. still, the hurricane brings the threat of a 20 foot high storm surge and flash flooding. authorities are concerned it could make some areas uninhabitable for weeks. vice president mike pence says america's economy is back on the way back. at last night's republican national convention, pence praised president trump for the way he has handled the economic crisis caused by the pandemic. vp pence: because of the strong foundation president trump poured in our first three years, we have gained back 9.3 million jobs in the last three mon

tom keene in new york. futures at -9. this is bloomberg. ♪ tom: "bloomberg surveillance." good morning, everyone. anna edwards in london, i am tomne in new york. michael mckee will be with us through the morning as well, an exceptionally important speech. this will be a speech that will move markets and provide gifts to the market as well. right now we have a gift at bloomberg. brian sullivan has put together a career at bloomberg on the commercial impact of natural disasters. in normal refinery process to take the salt of the oil. it.olysis process, i get the salt out of the water is a different process, isn't it? brian: it is a total disaster, tom. it will get into all of the electrical equipment and destroy it. that is the main problem. now you will have to rebuild a lot of the infrastructure that just runs the refinery if the salt water got into these refineries. we are talking 10% of the u.s. capacity, refining capacity could be off-line for days, weeks and months. tom: is there an import or export skew to this? is it going to the american public or is it the burgeoning export market? brian: you have a mix. not too far away

tom: yeah, he clearly doesn't want to take the fight, biden as well, mrs. clinton, her lawyers. the guy -- lou: i'm sorry, say that again? tom: durham has yet to talk according to the dossier source's lawyer to the key of the dossier. lou: tomith optimism. we appreciate your skepticism, thank you, tom. i want to remind you of my new book, the trump century, how our president changed the course of history forever. it is available immediately for your preorder, you can order as many copies as you wish, one to infinity. you can do so at the trumpcentury.com, of course, amazon.com, barnsandnoble.com and just do it to annoy the dickens out of the left in this country. i assure you that would be the effect and, of course, your own immediate entertainment and immediate entertainment and enjojojojo when you think of a bank, you think of people in a place. immediate entertainment and enjojojojo but when you have the chase mobile app, your bank can be virtually any place. so, when you get a check... you can deposit it from here. and you can see your transactions and check your balance from here. you can detect suspicious activity on your account from here. and you can pay your friends back from here. so when someone asks you, "where'

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 calledith 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. schrauben's stor by 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 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. >> t.j. garrick was questioned and denied everything. he said he wasn't in the car and he didn't kill jack jessee. and there was no evidence to indicate he killed him. police let him go. investigators focused o

. >> this is bloomberg surveillance with tom keene, jonathan ferro, and lisa abramovitz. tom: tom keene here. jonathan ferro and lisa abramovitz are off today. joining us today is anna edwards from a simulcast. dow futures up 62. all the politics in america. milwaukee in a virtual convention. david westin leading our coverage on that. what i find absolutely interesting -- and i think london has done a better job of this -- is the shutting down of our economies. our coverage of the tourism in , all the beaches in the summer, how shutdown is london? anymore, all that much it has opened up, in theory. this is a services economy, and plenty of people, including myself, are working from home. in terms of the shut down, we have lifted a lot of the lockdown measures that had been in place. what is on my mind from a market nightclubs and aviation. those are really driving sentiment across the european continent when it comes to our freedom of movement. it is being eroded, perhaps rightly, because of the virus. that is not good for nightlife or the aviation stocks we see under pressure. to

tom? tom: we are committed at bloomberg surveillance to having medical professionals speak to us about the virus. every once in a while and this pandemic, you have to listen to the politicians speak about the virus. >> to everyone that supported other candidates in the primary and to those that may have voted for donald trump in the last election -- watching new york get ambushed by their negligence and watch new york suffer. today, six months after it began, the nation is still unprepared. we had a national strategy. everyone who needs a test gets one for free. everyone has access to a safe vaccine. >> more than 150 thousand people have died and our economy is in shambles because of a virus that this president downplayed for too long. >> the truth is, even before trumps negligent response, too many hard-working families have been caught on an economic treadmill. tomo to the experts. one of them we spoke to a few at theas pamela university of manchester in the united kingdom. esteemed and respiratory virology and has done important work on medicine as well. morning isgeist this a great fear and you are certainly qualified to address the fear. in new zealand, the virus returned on a measured basis, but at chapel hill, the university of north carolina has made an abrupt shift because the virus just simply won't go away. i don't want to talk about a second or third wave, but is it delusional to believe that you can get social again once you get control of cases and deaths? guest: good morning. that weit is vital don't let ourselves be controlled by the fear of this virus. certainly, the virus is still with us. there is no doubt about that. we see spikes of cases were ever locked down been relaxed. i think what we have to do is learn to live with the virus. we have to learn out of take measures for ourselves, keep ourselves in each other safe. can liv

tom. where is tom? where is he? stand up, tom. tom fitton. [applause] judicial watch, they do a fantastic -- i don't know if everyone agrees, but i do. they do a fantastic job. [cheers and applause] i wish he had more help. honestly, i wish he had more help. but it's not easy being a system that has been in place for many, many years. many, many years it's been in place, it's sad. 51 million votes, it's being sent, and nobody knows who is getting them. what happens if you send them to an all-democrat area, but not to an all-republican area? how do you win an election? this is really a very serious problem. this is beyond, to me. this isn't just about me, it's about all of us. this is about the country. this is about the country. it could happen the other way, too. it could happen the other way, too. i don't think it will happen the other way. i don't think it will. but i think this is a very disgraceful situation. i really don't think that you are going to know anything on the evening -- anything meaningful, or anything real, on the evening o

tom: tom keene in new york. thrilled to have you with us today. you had a book out nine years ago, "politics and strategy," which is absolutely must-read. in it, you have an extremely important chapter on herbert hoover and the others of strategic retrenchment. thatu just anticipate president trump will retrench around his comfortable majority? peter: yeah, so that argument was about presidents, of course, that retrench internationally, which is frankly what i think donald trump has done. yes, trump'sk, strategy is to play to his base. they believe that it is he and his team -- he and his team believe that there are trump 2016. who did not vote in these are white, blue-collar outrs, who can be brought in the key swing states. that is what he's doing. that's the strategy. i think it is a high-risk strategy because it is like trying to pull an inside straight to use that phrase, a second time. but he did pull it off one time in 2016. tom is so important here is the definition of the 2020 silent majority. how does vice president biden not do strategic retrenchment, and how does he reach out to that silent majority? peter: i think that we saw some of that last night. you know, i will say that i gave -- biden beat expectations with that speech to useght, and i think, donald trump's words, he looks strong. focused,cross as energetic, and passionate. but i thought the most effective parts of the speech were when biden spoke from the heart. , when he talked to people -- this is really talking to older americans and people who had lost a loved one to covid. .e told them he understood loss he also understood or learned how to overcome loss. it was very moving, and i think for a lot of voters, the kind of voter you are talking about, i think he sharpened the contrast between himself and trump, who has difficulty showing empathy for people. and i think those are the voters that you are talking about. who thishard to know online

tom: what is important is what julia coronado said, that this is nothing more than a set up to next month report. jonathan: for the month of august? tom: the first week of september, may be first friday of september. labor day is in there. labor day is a holiday here. jonathan: i've been here for five years, tomtom: really? i didn't know that. jonathan: county you down to the payrolls number, four minutes and 30 seconds away. we come down 11 on the s&p 500, down 0.3%. five day winning streak on the s&p coming into the job sprint. $1.1820.ar, down 0.5% on that currency pair. the bond market treading water, 0.53% your 10 year yield. the median estimate, 1.4 8 million on payrolls. the print up next, here on bloomberg. ♪ jonathan: it is about that time. the payrolls report 10 seconds away in new york city. the most unproved dicta both -- the most unpredictable prints in months. here is michael mckee. michael: we are looking for the numbers to come in. we are above forecast. 1,000,008 hundred thousand jobs is the total nonfarm payrolls, with 17,000 jobs additionally added. jobs.00,000 26,000 manufacturing jobs in the unemployment rate falls to 10.2%. average hourly earnings up .2%. the annual average, 4.8%. average hours unchanged. there was an expectation they would drop down but they come in 34.

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. eds to more homes than anyone. >>> house speaker nancy pelosi, senate minority leader chuck schumer right now taking questions from reporters on the hill ahead of this afternoon's latest round of negotiations over another coronavirus relief bill. congressman jim clyburn of south carolina joins me now. he is house majority whip. he's chairman of the select subcommittee on the coronavirus crisis. let's start there with these negotiations, congressman. we just learned another 1.2 million americans filed for unemployment benefits under the c.a.r.e.s. act have expired. given where things stand now in the senate, where do we go from here? how do we somehow bridge this gap that reportedly is trillions of dollars apart? >> first of all, thank you very much for having me, craig. that 1.2 million, people need to be aware, that brings the total to somewhere around 55 million americans who have filed, of which 31 million are still unemployed. so though that number may have come down from expectati

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t.nity delivers gig speeds to more homes than anyone.

tom: it is august, no question about it. a lift to the market. spx up seven on futures. turkish lira, 7.33. keeping us inform. this is bloomberg. ♪ guy: guy johnson in london, tom keene in new york. toms talk about what is happening in china, bloomberg learning china will sanction top u.s. officials in retaliation over hong kong, the tensions between the two nations wrapping up further. friday, on sanctions chinese officials including carrie lam, this over their role in imposing the security law. yan, chiefnow, jinny turn economist. i am trying to work out at the moment if this is symbolic or if it will have any real meaningful economic impact. what is going on, the tit for tat in terms of sanctioning officials. >> i think we have been warned that retaliation is coming, and in the wider periods in the u.s. and europe, market noise will have an impact on the market. china data is still coming up pretty strong, and recent data suggests the fundamentals of china's economic growth will still continue to boost recovery momentum in china. do you think the financial markets are taking this quite well? i look at what is happening with dollar and i see it with a 6.9 handle. in some ways, give

tom got his education before going on to a degree at the university of michigan. the nearby church, which of family attended regularly, tom was a member of the choir. in the same neighborhood where tomup, his mother lives today. like all mothers, she is proud of his son and his achievements. >> you must be proud of tom. >> well, yes. he always was a worker. when he worked, he worked hard. when he played, he played hard. i do know that he always had the best interest of our country at heart. >> although today he has governor of the most populous state in the union, tom dewey cherishes the moments where you can relax on his farm and live the simple family life so many millions of americans know and love. doors fromthe out of his own early boyhood, tom likes to take whatever time he can to spend with his two boys, tom jr. and john. while not posing as a working farmer himself, he has a wide knowledge of agriculture, understands farm problems and enjoys discussing them with his neighbors. as governor, he has taken vigorous action in giving constant aid to farmers in their fight to improve livestock and crops. during the war and since, governor dewey's food commission has helped farmers

tom keene, jonathan ferro, and lisa abramowicz. tom: good morning, everyone. jonathan ferro, lisa abramowicz, and tom keene. it is a

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t.xfinity delivers gig speeds to more homes than anyone. >>> the ncaa cancels all fall championships and college football is the only exception. andy scholes has more on this morning's bleacher report. >> big time college football not affected by this. for now the sec, acc and big 12, the college football playoffs still in place for those conferences, but women's volleyball, soccer, field hockey are not going to have championships at the end of their season. the ncaa president announced the fall championships are off. if you don't have half the schools playing, it's not a legitimate championship. they did not hold out playing them at a later time. >> that doesn't mean we shouldn't and can't turn towards winter and spring and say, how can we create a legitimate championship for these students? there are ways to do this. i'm completely confident to figure this out. if schools and conferences want to move forward and more than half want to do it, that's surely the indication right now, then

tom: very good. martin: thank you. tom, i have two minutes to teach you about cricket during the break. tom: i am trying. i am trying. hopeless. john, roger, francine, i am working on it, every day, every day. francine: yeah. leave it with me. you will be briefed. this is bloomberg. ♪ francine: this is "bloomberg surveillance", and francine from london and new york. commodities. oil prices have eased. u.s. gasoline stockpiles surging, the head a meeting of opec and allies to set supply agreements. great to have you on. what are you expecting to hear from opec-plus? pretty much stable, independently of what everyone has said. what can they do? martijn: thank you for having me. exciting tumultuous, april-march, volatility has reduced a lot. prices have been more stable recently. having said that, even though they look more stable, a lot is going on in the background. it-down macro perspective, is useful to realize oil is another commodity. wendy commodities do well? well?n do commodities do when the dollar is weak. when we have growth in the money supply. we had all these factors that wind.rovided a tail if you look at

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. speeds to more homes than anyone. where you can find games, news and highlights. all in one place, right on your tv. the xfinity sports zone. use your voice to search every stat and score. follow the teams you love. and, even get notifications with breaking news alerts and more. with the xfinity sports zone everybody wins. now that's simple, easy, awesome. say xfinity sports zone into your voice remote today. there were tsunamis fourtin the world. and once they happened, we were in a major hurry to get to those regions to provide aid and support. it was very humbling to be able to help out all those people. it's my dream now to go into clean energy and whatever the next new fuel source is, that's where i want to be. i want to be on the front lines of implementation. todd: nba playoffs it to resume after protests over the shooting of jacob blake. jillian: cheryl casone he here with more on the decision to move forward. >> reporter: nba players voted to resume the playoffs one day after

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. inity delivers gig speeds to more homes than anyone. >> ♪ >> laura: probably no better illustration of the media's bias on covid than how they cover trump events versus left wing radical protests. this was president trump's speech to a live audience on the white house lawn last night. >> health officials across the country are mortified from what they are seeing from the south lawn which looks like a super spreader event. >> not shocked by the grotesque display that is against the law. super grossed out and really worried about the people who gather there had and put their lives at risk. >> it's the woodstock of germs. >> laura: how many of you think they are really worried about their health? this is how the liberal media reacted to thousands of activists marching through d.c. >> a peaceful crowd. >> there is a beautiful scene behind me. this is the reflection pool. many, many people linking their arms and it was poignant and a powerful reminder. >> laura: joining me now is phil presi

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. xfinity delivers gig speeds to more homes than anyone. >>> welcome back, everybody. breaking news out of russia. we believe those are the screams from one of russian president vladimir putin's most outspoken critics. he was on a flight to moscow, this flight when he became seriously ill. the plane made an emergency landing and navalny was rushed to the hospital. it's believed he is the victim of a poisoning. his spokeswoman says he's now in a coma connected to a ventilator apparently in the intensive care. his attorney says there is no doubt that he was poisoned and is demanding an investigation. officials at the hospital report he's in stable condition and it's not certain according to their words that he was poisoned. more on that story. >>> after more than a week of protests in belarus, alexander la shenk could he has ordered police to clear the streets. they turned out anyway for an 11th straight day. they say the vote was rigged and a european worked on it. they say tighter borde

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. xfinity delivers gig speeds to more homes than anyone. simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. >> daniel protected his father, took the first we are delivering every parent's worst nightmare making preparations to bury our only child. todd: esther souse speaking out for the first time, the shot injured her cousin and killed her 20-year-old son. bob beyond the has a personal connection. you know this family through your work in the new jersey legal system. absolutely gut wrenching video. what was your reaction? >> having been a homicide prosecutor for so many years of my life where i worked with the husband and agent in law school, something that hit you at home, somebody that you know in the profession and it is

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t.ivers gig speeds to more homes than anyone. yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. >> white silence is violence, that is the message for protesters in dc, showing full confronting a woman eating at a restaurant demanding she raise her fist in solidarity. demonstrators were part of a black lives matter much, the woman telling the washington post she supports the movement but since she felt, quote, under attack. jillian: covington high school student nick sandman tearing into the mainstream media for coverage of the center of this interaction, what he

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t.ty delivers gig speeds to more homes than anyone. ♪ >> laura: this video of a retired police sargent who was beaten and robbed in broad daylight is the new normal in cities across the country. it's no different in minneapolis where we documented the aftermath of the riots. the destruction all after george floyd's death. those who stand up and call for more or better policing like minneapolis police federation bob craw can expect a violent mob to show up at their houses. >> don't run. racist white people. >> [bleep]. >> [cheers and applause]. >> [bleep]. >> [bleep]. >> laura: joining me is the target of that mob. what is your response to that threat and intimidation by that individual running for office if the state and endorsed by the governor and other democrat officials? >> well, it's shameful. beyond that, no one in the party here including the governor asked him to withdraw from the race. they put out a small retractions that he wished he had not done that. they were minor apologie

tom wolfe, you truly have captured something that i have a feeling not just young women but young men and older men and women will most definitely recognize. tom wolfe reading from his brand-new book titled i am charlotte simmons. and i think we will start with an email for tomolfe addressed to doctor tom wolfe who says this is from patty in ponte vedra beach, florida. i just completed reading i am charlotte simmons into the we hours. i loved it. i was particularly intrigued by your contrast of what charlotte was learning in her neuroscience biology course and the basis for animalistic behavior versus those behaviors demonstrated by the higher order mammals in an institution of higher learning and the behaviors were the same. my question, how did you educate your self in those areas and contrast academics and pop-culture, your typical approach to writing. >> guest: neuroscience is the ultimate darwinism. neuroscience says we are finding the mechanical hookups in your brain that give you the sense of smell, the sense of taste, that give you feelings of danger and it is -- the end result is it has created the impression that we are machines and your belief that you have a self that is your own, that there is an eye inside of you, much less that you have a soul

tom wolfe: it i just did. guest: i'm sorry, i missed it. tom wolfe: if i would've known this topic. guest: . tom wolfe: anybody miss when i'm just saying, you didn't miss much. [laughter]. guest: hi. it's been a few years since i read your last book. but i believe it's one of the best pieces of the 20th century. i also was just wondering if you would repeat con ed on some of that compared to what is going on to the current scandal today. another slot there. tom wolfe: i would tell you, i just missed a couple of words. guest: if you would comment on some of the commonality. of what that piece met. [inaudible]. tom wolfe: yes, i would be happy to. i have written a novel in which, about a college in which there are a group of rough and crude in the way, aggressive people. i've also written a novel in which there was a white district attorney, running for reelection in the district in which he badly needs black votes. and he is pleased, oh so pleased to find the very nearly difficult character in such a situation you're in for. namely was known in courts as the great white defender. i've also writte

tom ♪ jack: on thursday fed chairman jerome powell announced a new inflation policy that would keep rates lower for longer. so why is this important now? joining me is richmond fed president tom barkin. tom make sure i understand this. we were targeting 2% inflation, and now the fed says it's targeting an average of 2% inflation. if i've got the arithmetic right, it means that we can run a little bit above 2 the % if we've been running below it for so long. i mean, basically, that we could keep rates lower for longer while we wait to see what happens with inflation. have i got that right, and why is this important now? >> yeah, thanks. i think you are -- i see this as a codification of over the last two years. the haas time we revised this document was almost a decade ago, and i think it's good for us to codify e that we have challenged a lower ground, we have challenges on maintaining inflation expectations and making sure you have enough firepower in a downturn. it's good to -- [audio difficulty] overshoots of inflation as we're trying to stabilize inflation expectations. it's good toed codify we don't see unemployment as a problem, and it's good to codify that financials something tha

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. delivers gig speeds to more homes than anyone. >> trying to get people to come back. i see come back, whether you coming back? i will buy you a drink, come over, i will cook. >> we don't make decisions based on the wealthy few. some maybe fair weather friends. we should return to the discussion of attacks on wealthy new yorkers. >> they don't like each other. bill diblasio coming out swinging in response to governor cuomo begging rich new yorkers to return to the big apple. jillian: carley shimkus with reaction to the empire state inviting. >> bill diblasio says the governor was wrong to ask wealthy new yorkers to return to the big apple. also threatening to raise taxes on rich people with the federal government fails to provide assistance. that is attacks hike the governor is fighting failure would only drive more new yorkers out of the city. all of this leading to social media selloff, laura says wealthy families are leaving, working families are struggling and you, diblasio, too bu

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t.ty delivers gig speeds to more homes than anyone. >> announcer: this is cnn breaking news. >> welcome to our viewers here in the united states and around the world. i'm wolf blitzer in washington. this is a special edition of "the situation room." and we begin tonight with outrage in portland, oregon, from mayor ted wheeler. not just at the killing that happened on the streets of the city but at the president of the united states who he blames for inciting violence not just over the past weeks but for the past four years. here's what the mayor said. >> it's you who have created the hate and the division. it's you who have not found a way to say the names of black people killed by police officers even as people in law enforcement have. and it's you who claimed that white supremacists are good people. your campaign of fear is as

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. xfinity delivers gig speeds to more homes than anyone. ♪ >> shannon: big night for defunding the police in seattle. shannon: big night for the police in seattle, the city council budget committee passing a series of proposed cuts to the police department including layoffs, downside, community outreach and public affairs. the committee chair estimating cuts approved by the council would total 41% if and acted on a yearly basis but the proposals fall short of the 50% cuts demanded by protesters. as we reported at the top of the show violence returning to portland as protesters breach the doors of the police association building, set a fire and cause other damage, the city approaches a seventieth straight night of unrest. let's discuss this with leslie marshall and radio talkshow host jason rand. welcome to you both. one of the local stations, police declare ryan after crowd breaks into portland police association building, several arrests. they catalog everything that happened to the ni

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t. xfinity delivers gig speeds to more homes than anyone. ♪ >>> the united statesed kingdom there, marking japan's surrender, marking world war ii. ben wallace laid a wreath there in london, symbolic for the united kingdom's war dead. >>> it's a somber anniversary in japan. the emperor expressed deep remorse over japan's militaristic pass. >>> app situation leopposition belarus have called for peaceful protests this weekend. thousands descended on minsk on friday, demanding changes on what many say was a rigged presidential election. 6,700 people have been arrested. and one person has been killed. many protesters who were detained say they were beaten, tortured and humiliated while in custody. fred pleitgen are in minsk for us. times may be changing. but we know people are angry and questioning the outcome of this, fred. hello to you. what's the latest? >> hi, natalie. there are signs that the opposition here is revitalized and reenergized. and yesterday, a lot of the protests we saw in

tom. oh! tom, you need a little tom time. a little tt. stop living with at&t.nity delivers gig speeds to more homes than anyone. >>> after postponing a total of nine playoff games since wednesday, the nba and players association have announced the season will resume tomorrow. it was put on pause when the milwaukee bucks refused to play, fro protesting the police shooting of jacob blake. that led to an outpouring of support across the sports world, including my next guest. watch this. >> if not now, when? if not during a pandemic and countless lives being lost, if not now when? we know nothing is going to change. we get it. martin luther king got shot and risked his life and medgar evers, we seen them get taken down. don't listen to people who say don't do anything. you are starting something for the next generation to take over. >> joining me is chris weber, an nba analyst for turner sports. chris, thank you. i want to tell you, your voice is so important. don't stop. i commend you for doing what you're doing. thank you for joining us on this interview, okay? >