kevin: that was part of my zoom interview with biden foreign policy advisor tony blinken.ore "balance of power" is next. this is bloomberg. ♪ kevin: this is "balance of power" on bloomberg television and radio. i am kevin cirilli in washington. taylor: i am taylor riggs in new york. we want to turn to our stock of the hour. oil companies are losing billions on the one disco punch of oversupply and pandemic demand drop. both exxon mobil and chevron reflect that. scarlet fu is here with more. wereet: -- scarlet, what your some of your takeaways on the oil giants reporting and the losses they reporting? time exxonere was a mobil was the most valuable company in the s&p 500. those days are long gone. it's market cap is worth .1% of what apple is worth. apple and exxon mobil reported earnings of last 24 hours. exxon mobil's results look very different from what we heard from apple. exxon mobil and chevron both had an integrated business model meant to protect them no matter of oil prices rise or fall. that means for the upstream business, they have oil expiration production, th

first to the chinese ambassador to washington, krtcu tiankai, then to the former deputy of state, tony blinken. an explosion at a nuclear site, a major chlorine leak. what in the world is going on in iraq? we will get to the bottom of this mystery. also, empty streets and sidewalks around the world, billions of people confined to their homes. what has this pandemic done to the world and to humanity? i will talk to the french philosopher bernard-henri levy. finally from questioning president obama's place of birth to declaring dead people were voting for hillary clinton, donald trump's conspiracy theories of the subject of my new special airing monday night at 9:00 p.m. i will give you a sneak preview. >>> but first, here's my take -- with the pandemic overshadowing everything, one can sometimes forget there is a presidential campaign going on. that helps to explain why the media paid so little attention over the past two weeks when joe biden released his plans to fight climate change and revive the economy. the climate change plan is ambitious and forward-thinking but more interesting is the e

i ask tony blinken what happens when america is missing in >>> plus, as trade tensions and the pandemic wreak havoc on the world economy, i talk to the outgoing wto president roberto azevedo. >>> and -- >> putting brakes on a car, you can drive fast. without brakes, you're not going d drive very fast. >> 150,000 deaths unting.

in a better spot to talk about what is bided administration foreign-policy might look like then tony blinkennd is more polls, the more people start thinking that a bided mistress and is not just a possibility but maybe even a livelihood and the interested but that policy in might look like is going to intensify. few people w mighto form look lik tony. and as m out ands come more peo start thinking the biden administration is not just a p may beity but a likelihood. obviousl interesting with tha policy might look like maybe the best place to start wo take a you to look at the world would've foreign policy might look like. maybe the best place to start would be for me to ask you to take a look around the world and how would you characterize what a biden foreign-policy might look like? >> first might help to take a step back and think about the role that president widens legacy would be inheriting and that is the direction of the foreign-policy and i think it's no less important to the evidence that there is a time of shifting alignments among nations. a huge diffusion of power away from states

in a better spot to talk about what is bided administration foreign-policy might look like then tony blinken and is more polls, the more people start thinking that a bided mistress and is not just a possibility but maybe even a livelihood and the interested but that policy in might look like is going to intensify. maybe the best place to start would be for me to ask you to take a look around the world and how would you characterize what a biden foreign-policy might look like? >> first might help to take a step back and think about the role that president widens legacy would be inheriting and that is the direction of the foreign-policy and i think it's no less important to the evidence that there is a time of shifting alignments among nations. a huge diffusion of power away from states and the growing question of governance within states. a tremendous economic demographic technological environmental was a cool change. in fact the rapidity of change is such that in a general sense we have lost our northstar. people are increasingly confused and they feel the chaos. they don't know which end is

tony blinken, jake sullivan and his crowd have been noticeably quiet. they're out there with their pompoms on they lied about the virus, it exacerbated and they need to be held accountable break the hong kong dollar cut them off from all u.s. dollars. use hong kong as the anvil and the u.s. dollar as the hammer. it's time to take the fight directly financially to the chinese communist party. >> where does your relationship stand with the chinese businessman, he's an exile the fbi apparently examining some of this gentleman, the money being used to fund some media relationships? >> yes he's head of the whistle-blower movement he's one of the founders and drivers of the new federal movement of china. chinese expatriots, you saw in houston they were there heckling the chinese communist party people the story in the wall street journal is complete total nonsense by the way, he's been the biggest whistle-blower, whether it's h&a, all of these scandals that he continues to lay out the truth bill bar, they're collaborators. the people that are appeasing them a