the u.s. imposes sanctions against the international criminal court targeting its lawyers investigated suspected would crimes in afghanistan what's behind president donald trump's move this is inside story. hello and welcome to the program i'm iran can the united states is facing criticism around the world for its latest threats against the international criminal court president donald trump has signed an executive order sanctioning the i.c.c. staff and their families the u.s. which is not a member of the hague based tribunal is angry at investigations into suspected war crimes in afghanistan that could implicate its soldiers the i.c.c. called the sanctions an unprecedented attack rights groups are worried about the potential impact on international justice will bring in our guest in a moment but 1st roslyn jordan has this report from washington d.c. . the united states has never been a party to the international criminal court in the hague it says the court does not have the right to put u.s.

holds over one trillion dollars in u.s. debt so the u.s. basically can no more do without trade with china than china can do without. of the u.s. and the u.s. would also furthermore have to get the e.u. on board in order to endorse and follow the sanctions but why would they even do that when it hurts their economic interests china right now as a man or actually hub of the world as we see with the coronavirus and a service that you so why would the e.u. give that up over a dispute that doesn't even involve them so it's unlikely that the u.s. can even force that you know to comply with the sanctions let me back you up just a little bit you mentioned something that i think may be lost on many of our viewers who don't understand the economic system you said that the u.s. could cut china of from swift much as it did to russia explain to our viewers exactly why that what that means and why it could be so paralyzing for the chinese economy. well the swiss network is essentially the backbone of the entire financial system everything that involves

many believe the u.s. sanctions against the court undermine bits global order while diminishing the power of sanctions which are usually reserved for terrorists and dictators and not organizations trying to uphold the law for use with rick sanchez and alex my love it. joining us now ned ryan c.e.o. of american majority also joining us former u.p.a. m p george galloway george i kind of think i know where you're going to fall most but i'm not quite sure where ned stand so let that wanted to throw out the 1st salvo here. well no i mean we've never as pompei aside we've we're not part of the rome statute we have always fought the i.c.c. attempts to assert jurisdiction over u.s. military personnel and again i would reiterate george w. bush who i wrote for was exactly right we were not going to be part of the i.c.c. for fear that it would target military personnel and the real question the real debate here rick is over national sovereignty the u.s. is not going to surrender some sovereign sovereignty to some int

big win for elon --the first time u.s. pilots u.s. assets of loan from u.s. soil since 2011. 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. this is bloomberg. francine: thank you so much. violence erected in dozens of cities across the states following the death of george floyd after a white police officer pressed a knee into his neck. some demonstrators broke off to rampage through shopping districts and set fire to police cars. the chaos in the otherwise peaceful protest comes as america works to recover from the coronavirus pandemic which shut down economies which resulted in tens of millions of lost jobs. leslie, the figures and what happen last week is truck -- is shocking with the killing of this black man. how will this change the narrative in the u.s.? >> i think what it's done is brought race back up to the center of the debate and what we have been seeing is the discussion of the 100,000 deaths in the pandemic and climbing, the 40 million who have registered for unemploy

u.s. policing budget and of course the u.s. defense budget is not the same as what the u.s. spends a misses that includes all kinds of things including health care for members of the u.s. military and their families the cost of bases domestically so a lot of things it's not just the overall make and not the legal come i mean you would agree with me that damn i'm sick why didn't. the countries combined and i'm not it's clear that a superpower related out of states have to have ample security budget my question was about the choice of priorities because well so russia and china atlantic countries are not taking their security lightly but that balance the balancing of damascus and anti-aids is a slightly different that they acknowledge but the basic right yes so the correct comparison i think would be to train their operational budget for wars overseas and the domestic budget in the u.s. which actually was about $1.00 to $1.00 at the height of the war on terror it wasn't significantly larger overseas and domestically but the other question is whether it's a reasonable compariso

the u.s. president has confirmed he is ordering a significant reduction in the number of american troops stationed in germany donald trump accuses the ally of being delinquent in paying for its own defense and that its contributions tomatoes budget. and president trump says that he'll sign an executive order on police reform on tuesday but he's been vague about what kind of measures it will include trump says that it will ensure the police reform is done fairly justly and safely. a saudi led military coalition has been removed from the united nations black list it had been added to the list several years ago because of the killing of the. injuring of children in the war in yemen u.n. secretary general antonio television said that the coalition would be delisted following a sustained significant decrease in killing and maiming by airstrikes and the introduction of measures aimed at protecting protecting children our diplomatic as a james bay is has more now from the un it comes out every year a

the u.s. and afghan air campaign over the past few years has been weaken the taliban's presence and continues. and even after the deal with the united states was made the fighting hasn't stopped as the taliban has continued to attack afghan forces must kill at the end of the resident junkie the dish be able to live on the edge of the spielberg of the spear when does it go in my eyes you've got about a little that i'm about at low level still but it is clearly the. whole on. the. brink of fire coming from my direction we're going to get out here enough. 3 weeks after the airstrike the u.s. military said they had conducted an investigation and that there were no casualties . how did you feel when the u.s. military said there were no casualties. and the only neil little are told by one of the 131 was what if i knew to. go in and want to stuff a lot of going to. need to get them up who she had other women. who had a name in there within the. bar lost his wife and 2 of his daughters his son who was

u.s. and ended unchanged. not getting a lot of direction in futures. euro stocks futures treading water. we are heading for a weekly gain for global equities. resuming gains for this week is what we are looking at. the 10-year treasury yield is unchanged on a 70-handle. both the dollar and the yen are headed for weekly gains. that says something about the risk off tilt we might be heading for. oil in the green today and also looking to resume weekly gains. aat is after some signs of comeback in demand. we got some commentary on that this week. we have some breaking corporate news to get to hear. group, the ceo will be succeeded. this is a story we have been waiting to get a development on. we were waiting to hear about that succession plan. ralph hamers will be replaced. we will bring you more on that story as we get it through that hour. after worse than expected jobless applications from the u.s., initial claims showed only gradual improvement with continuing claims remaining high. the w

troop commitment the u.s. troop presence in europe is greater now than it has been that it even was under president obama but that remains to be seen whether whether that will continue with these threats from president trump and whether it's true that there are more boots on the ground or not what he has done to shake up unity to make the case constantly wonder what he has up his sleeve next i don't know that that makes up for having more u.s. soldiers on the ground here you know that's an important point that we should not forget the results of the story for us in brussels tonight syria as always thank you. the day is almost done the conversation continues online join us on twitter user g w news you can follow me a brit go off t.v. and remember whatever happens between now and then tomorrow is another day we'll see you there never got. to go. to a strip title employment labor. frame and closer to growing the last of. the beautiful sparkle and ugly secrets might come. from the natural mineral gives cosmetics.

the u.s. revoking its special trading status. washington says china's tightening grip undermines its traditional autonomy. been battered by protests, the coronavirus pandemic, and fallout from trade tensions. businesses are failing, tourism has collapsed, and confidence is shot. sweeping new security loss for hong kong later on tuesday after imposing visa bans on americans it says are interfering in its affairs. look at the take a set up after the u.s. paring back some of the gains. better-than-expected housing data overweighting these continued can turns and continued resurgence. continued returns and continued resurgence. sophie. sophie: futures are pointing higher. chinese pmi is expected to show some stabilization from manufacturing while services face a setback. from south korea, we are getting a may industrial output. that was a bigger contraction than the expected 4.5% via well vol that was seen in a survey. nikkei futures in chicago heading higher and this is adding up the topix for th

soldiers or u.s. troops the right to criticize the u.s. for not wanting to be investigated or as mr trump right we're going to debate this but 1st here's the setup with our tease correspondent alex my head image. it may be ok for people of other nations the crime. which you have been convicted of is of significant gravity but when the u.s. is accused of war crimes the one time supporter of the international criminal court says its citizens are not subject to the same rules rest assured that the men and women of the united states armed forces will never appear before the i.c.c. and nor will they ever be subjected to the judgments of unaccountable international bodies even though the united states was a signatory of the treaty which established the i.c.c. in 2002 just weeks before it took a fact the george w. bush administration withdrew from the international agreement the reason the u.s. was concerned that a court outside of america's borders would have jurisdiction over its citizens the trumpet ministration is echoing the sentiment i.c.c.

the u.s. federal reserve in this printing of u.s. dollars is resulting in a new consequence from one of the largest holders of american debt we're talking of course about china according to new reports china which is the 2nd largest foreign creditor has decided to not wait for the devaluation of the u.s. dollar and is actively selling american debt keep in mind during the 1st quarter of 2020 the fed printed more than 2 trillion dollars with more on the way last year china got rid of $110000000000.00 u.s. treasuries and within just the past few weeks they have dropped another $10000000000.00 aside from the massive printing of u.s. dollars another major issue for the chinese has been talk of the fed moving to negative interest rates now if this happens it would be the 1st time the u.s. has attempted to go negative and that alone is raising big concerns for those who are holding u.s. debt according to standard chartered economists the federal funds rate at minus 0.5 or even minus one percent will result in a significant drop in governme

the u.s., as the number of cases rise in texas, florida, and elsewhere. zero raise are here to stay. managing expectations about the u.s. recovery. and take away takeovers. is buying grubhub in a $73 billion deal. good morning, everyone. this is "bloomberg surveillance." i am francine lacqua here in london. the markets are really focused today in the u.s., that second wave, we were debating on whether we could call it a second wave. big resurgence of cases. alsos are down, futures down. rates, but also because jay powell talking about the economic a coverage. rebounding from the losses we saw yesterday. gold actually holding after most of yesterday's gains. now let's get to the bloomberg first word news in london with dani burger. hi, dani. ani: hi francine. ,california's hospitalizations are the highest in nearly a month. according to johns hopkins university, the number of confirmed cases have top 2 million. the government made a string of failures and is handling of the coronavirus crisis.

that includes the u.s. a lot of investors have been overweight u.s. i think there is a case now even to diversify a bit out of the u.s. because on the one hand, the virus news flow, but you also might face some political issues. your question on china, what is interesting about the situation is that at least according to the headlines, it has been under control now. that would also be critical in the next few months to -- our policymakers able to avoid lockdown on a broad scale? is it going to be localized? related to that, there is a lot of news flow on the farmers' -- in the pharma side that can all help alleviate these concerns about the second waves. atncine: when you look central banks around the world, christian, i know it is difficult to predict exactly what the lockdown means when economies can fully reopen -- where do you see animal spirits may be being stronger than we thought? we look at the hard data. is there anything in terms of softer data like consumer spending or chief executives willing to spend some money that makes you think that t

in the u.s. the last chance for the public to bid farewell to george florida throngs of people are filing by the casket of the african american whose death in police custody sparked protests around the world we'll get the latest from houston texas also coming up tonight a tricky job begins in removing damaged scaffolding from. make a mistake and the whole thing might come tumbling down.

nejra: top u.s.ealth is puttig the reopening narrative and official anthony fauci noted a disturbing surge in new cases and reopening states and says the next couple of weeks will be critical to address this. he told lawmakers that he was cautiously optimistic a vaccine will be ready by the end of the year. joining us for the hour is georgina taylor. great to have you with us. thanks for joining today. it is really interesting that we are seeing a reasonable amount of risk appetite across markets despite all the warning signs we have just talked about. how pro risk are you across your multi-asset portfolio as you weigh out the second half of the year and the risks of a second wave? georgina: good morning. thank you for having me. i think it is the dilemma we are all facing as investors right now. to look at the immediate in sense of the data coming through. mathematical,he constructive turning countries back on in terms of manufacturing data, data yesterday that was encouraging. putting that against

so the u.s. president is behind me. he's continued it is absolutely silent right now nobody is talking it is quiet outside the gates as the u.s. president exits the gates and on to pennsylvania avenue he is about to walk through those gates. it's the same street pennsylvania avenue 1600 pennsylvania avenue the famous address is the same street we just you know more than an hour ago we saw the soldiers going down in their carriers and astounding the shot as it is and now we see the u.s. president walking on the very same spot towards lafayette park. and again this is remarkable the u.s. president reportedly headed to st john's episcopal church a church that is known and has served presidents dating back hundreds of years where they go often before inauguration during their terms in order to get solace comfort guidance they have had there been many church leaders that have advised presidents president sitting on those pews and it outraged this president reportedly that protesters said it ablaze. so

u.s. futures suggesting some movement in an upward direction, .5%. they do seem to be improving as we go through the last hour or so of the trading session in asia. if we put up the gmm, you can see we are up -- we are up by .2% on the msci asia-pacific. making some modest gains. it does seem the risk rally has come to some kind of a pause. fatigue. maybe that was the best way to sum up what was going on. said, it does seem as if global equities are on-call to make some global gains, at least for the week as a whole. volatility out for in the session. we have quadruple witching coming. it can catch people off guard. a big focus for markets is still on the virus and with that in mind, we continue to watch what is going on in beijing and in many u.s. states, particularly texas and florida. from thecs not far markets as well. a complete decoupling from china as a possibility. let's get an update of your first word news story. top stories recovering here at bloomberg. virus experts warned agai

and meantime the u.s. department of transportation is now easing restrictions on flights to and from china the u.s. and china will allow each for weekly flights between the countries the decision comes after china's civil aviation authority allowed delta and united airlines to restart their service the d.-o. t. remains in open negotiations with china. and over to the u.k. where scientists at the imperial college of london began immunizing people with their experimental code 19 shot it's the latest in the race to find a vaccine about a dozen vaccine candidates are in the early stages of testing with hopes that a vaccine could be reached by the end of the year now the british government's goal is to immunize $300.00 healthy people with 2 doses of this vaccine. let's go over to regina ham at the sports h.q. regina runners aren't going many places literally do to cope at 19 but one athlete found a way to beat these quarantine blues because you know that's right michele running is really the last thing on anyon

fiting b bween the u.s.ed allied fors and thnonow defunct japane i imperl ararmy killed more than 200,000 soldiers and civilians. that includes a quarter of okinawa's population. governor tamaki denny read a peace dedeclaration. >> i pray that the souls of those who lost their lives in pastst wars may rest in peace. i will continue to pray for peace and happiness in t the future of mankind. >> prime minister abe shinzo delivered a video message. coronavirus measures also forced organizers to scale down the ceremony with only a few hundred people taking part. abe spoke about the u.s. military presence in okinawa. the prefecture hosts most of the country's american facilities, about 70%. abe promised change without setting any specific benchmarks. on this day, those who lost relatives in the war visit the peace monument. it bears the names of everyone who perished. this man was 5 years old when the fightiti erupted.. he lost his father, brother, and grandparents. >> translator: i prayed and asked them to watch

the u.s.evoking it special trading status. washington says china undermines its traditional autonomy. the city has been bettered by protests, the coronavirus pandemic and the fallout from trade tensions. businesses are failing, tourism has collapsed and confidence is shot. beijing is expected to confirm the new security laws for hong kong later on tuesday after imposing visa bans on americans it says are interfering. shery: let's get you started with a quick check of the markets. we are seeing u.s. futures flat at the open. we had a rally in the regular session with u.s. stocks surging. the s&p 500 erasing its june declines. all 11 sectors in the s&p 500 closed higher, being led by industrial, communication stocks. we had some positive economic data. pending home sales posting a record game, offsetting concerns of the virus resurgence over some states in the u.s. including florida and new jersey. we have the dollar also closing around the four week high. take a look at what would liz doing. un

targets is what u.s. trade leaders are saying they feel like they're being discriminated against so they're not happy about and that's why they walked away well at least it looked like there was supposed to be a conversation about this we've seen the united states think right of wars with other countries in the last couple of years and some took a you know you managed to to get into one with china the world's 2nd largest economy and that caused a lot of harm to to the economy especially to certain sectors like farmers for example but how is a potential trade war now stemming from this and break it down for us what would that look like with the european union right like you said sara we can't afford another trade war with any country at all much less dozens and that's essentially what you could potentially be looking at because there's $140.00 countries that were part of this group if you will that was trying to negotiate new tax rules and the united states has been seeing this coming for some time it's no

the u.s. is dead set on doing and with good reason, they are a trusted and wonderful partner and a buttress of american security. they rogue court can intimidate our friend or any other ally into giving up its right of self-defense, that puts americans at risk as well. absent corrective action, we expect the icc will continue its present reckless course. i have laid out the courts process laws and to the danger it poses to americans and its allies, but we oppose the court also because it is ineffective and corrupt. in 18 years of operation, the court must have to buy nearly 1000 people, have secured only for convictions and they have spent over $1 billion. nonetheless, the judges recently brought suit against their own court, seeking a 26% pay raise from their tax-free annual salary. that is a quarter of a million dollars u.s. dollars. this record of botched prosecutions has cast doubt on the courts ability to function at the most basic level and demonstrates a highly politicized nature of thi

attacked u.s.s, but have killed hundreds of afghan civilians and security forces d launched a targeted assassination campaign against journalist travel in this van. today, children bloodied and orphaned. two years ago the u.s. and russia began a more serious battle. u.s. funded afghan fighters were eventuallyth forced soviets to leave. u.s. officials say the russis s have alwaynted payback in afghanistan. they likely increased toir assistancehe taliban upset u.s. plans. because the u.s. had not pushed back strongly enough on prior u.s. support. i am nick schifrin. tion from's get re two key lawmakers on capitol hill. the chairman of the house intelligence committee, representative adam scf california. he joins us now from capil what do you believe happened here? rep. schiff: we want to gethe full answers from the intelligence agencies. we asked them t physically ief our committee. we have asked for a full house briefing. we want to know, are the russians offering bounties to kill american troops? i

as the u.s.tends gains following the best session in april. checking that chart on the terminal, it is out of oversold territory and looking to test the 200 day line as strategists debate if there will be a larger structural downturn. expects thehe dollar's core fundamentals will drive weakness. sharing. they: for a look at where dollar is headed as well as other currencies, let's bring in eric nelson, the currency strategist at wells fargo securities. great to have you with us. that's start with the dollar. we have seeing this huge correlation between the dollar and u.s. stocks. gtv chart on the bloomberg shows it. not surprisingly, as we had u.s. stocks selling off today, we saw a strengthening of the u.s. dollar, rising the most since april. i do wonder how long this could last because as sophie just mentioned, it seems we are looking at some larger structural downtrend here. we ares talk about where today versus where we were three months ago. the bank in early march -- a situation where ther

u.s. tech giant amazon says it's banning police from using its facial recognition tool for a year they've been growing concerns that technology may lead to unfair treatment of black people and says it hopes this can give congress time to impose appropriate rules for the ethical use of facial recognition a tech company has long defended the police's use of real time surveillance technology but a reform bill proposed by democrats aims to ballots matthew garvey is a policy analyst at the electronic frontier foundation he says all government agencies should be banned from using any kind of facial recognition technology. technology itself is incredibly harmful you know one year is not going to make a difference and also any type of reform congress could pass in one year is not going to change the fact that this technology in the hands of a criminal justice system that is very flawed is still going to end in invasive surveillance and then all high and over policing of already vulnerable communit

u.s. stocks rise a thursday as new stimulus and positive economic data continues to suggest a post-virus recovery. the s&p 500 climbing to its highest since march 4. australia braces for gloomy economic news. the rba may add more easing in the months to come. let's take a quick look at our -- how u.s. stocks ended the day. u.s. investors, equity investors at least shrugging off all of the attentions, increase trade tension between u.s. and china, all the tension on the streets as we see major yours -- major new york city's place curfews to protests, somes of which have turned violent, and very passionate. nevertheless we saw gains in u.s. stocks. u.s. futures may follow that lead as well. let's take a look at how asia is setting up in this part of the session. we are looking like we see the positivity to follow u.s. shares higher for a third straight day. investors globally choosing to focus on the economic reopening terrible tragic and as these events on the streets in the u.s. are at the

the u.s. revokes its special trading status. stakesa: several u.s.ale back economic reopening. the world health organization says the worst of the pandemic is yet to come. yvonne: investors prefer to focus on other news. factory data confirmed the recovery and hong kong stocks join asia's rise. markets are set for their best quarter since 2009. haslinda: gust off the monday blues. tuesday is shaping up to be a better day. asia tracking both gains in the u.s. overnight, set to pose its best quarter since 2009. rebound,been a speedy trumping concerns over the rise in virus cases. the who saying the worst is yet to come. the msci index up by 1%. futures pointing to a pretty muted gain. extraordinary of uncertainty even as the economy bounces back from its deepest contraction in decades. index, upe csi 300 .8%. the hang seng index up by as much. higher,hmarks trading brushing off geopolitical concerns. the hong kong exchange hitting a record high of three to two. china lawmakers have passed a hong kong security law, according to reports earlier. the u.s.

he was a u.s. military academy graduate, he graduated seventh > out of a class of 52, so substantially better in terms of academic performance. his career stretched from 1853 to 1895. a lengthy career. he was the recipient a medal of honor and had served in the civil war and attained the rank of major general. he would subsequently be the secretary for president johnson. and culminate in the final position of commanding general of the u.s. army. he had a very distinct military career. near the end of his career, he was sent on a secretary of war survey of france, he went to the hawaiian islands, he traveled a good portion of the world. at west point, he was a philosophy instructor among other topics. math and physics. in this regard, schofield demonstrated a variety of abilities. it is here, in particular in his memoir, he emphasized the army's role in a number of important facets of american life. he makes an argument in the upper paragraph about coastal defense and atrophying defenses of american

u.s. further prisoner swaps between the united states and iran are expected after 2 releases in the past 3 days a u.s. navy veteran flew home after almost 2 years imprisonment for insulting iran's supreme leader that's after any rainy and professor acquitted of stealing u.s. 8 u.s. trade secrets returned to tehran victoria gates and the reports. a free man michael white arrived in zurich on his way home to the united states the u.s. navy veteran had been held by iran for almost 2 years i would do want to extend my personal thanks to the president for his efforts both diplomatically and otherwise in making america great again and for what's going to happen here in the future white was released as part of the deal that saw washington free american iranian scientists sirus askari he's now back in tehran iran's foreign minister tweeted that another radian american baiji to harry had to say be released from u.s. custody to go shooting with the iranians is never a linear process there's a lot of

people in cities across the u.s. and the 5 curfews to continue protesting against police brutality for 6 months president obama was blaming the far left group known as the front of the violence at some protests. china has reportedly asked its state owned companies to stop buying soybeans and pork from the united states now it appears to be further retaliate to threats by washington to end preferential treatment for hong kong u.s. president donald trump announced the move after beijing's that it would impose a new security law in the territory which critics say further erodes its autonomy hong kong doesn't join special trade and travel privileges with the u.s. which are extended to the main. and china's also hit out at president trump's threat to revoke the visas of chinese students accusing him of racism. we bowed to the u.s. to immediately stop restricting and suppressing chinese students in the u.s. by using various excuses immediately revoke this wrong decision and respect and protect the legitimate rights and int

meanwhile people in the western u.s. have been dealing with temperatures reaching into the 40s in phoenix and las vegas on tuesday, even portland a high of 33 degrees on tuesday which is 10 degrees warmer than usual. muggy conditions are also expected in the eastern -- northeastern u.s. i should say. highs for new york and washington, d.c. will exceed 30 degrees. that's all for now. have a nice day. stay safe. ♪ >>> all right. that is nhk "newsline" for this hour. thank you for staying with us on nhk world japan. xxx ♪ >> welcome t to "newsline in depth." i i'm aiko doden. today we focus on the closing dadays of world w ii. even after japan surrendered, fighting continued in okinawa fa to the south as japanese forces resisted the u.s. milita advance. the battle of okinawa was the bloodiest fighting on japanese soil. in all, over 200,000 people died, most of them civilians. one-quarter of the local population perished. it c came to a an e end on sept 7th, 1945, when the japananese forces in okinawa signed a document of su

we have 85,000 u.s.that live in hong kong who have been attracted because of the british common law. we have something at stake. i am sorry. we have not been able to work out our differences. shery: all these tensions coming out a time when the u.s. is facing its own issues. ambassador, we now see the foreign ministry spokesperson in china prompting the united states, tweeting -- retweeting a tweet from the u.s. state department's spokeswoman, and adding the words "i can't breathe." these were the last words george floyd said before he died from from an encounter with the police. will this give leverage to beijing given the ongoing issues domestically here in the u.s.? that: i think domestically, for beijing, they will probably say look, they are having -- they are having marches, and their resistance to government. that is probably more for the domestic audience in china. to try to take isr hong kong's security adversely being received by not only the united states -- they already have australia, the un

former u.s. national security advisor john bolton says president trump asked foreign leaders to help boost his reelection chances that's just one of a number of accusations made the negs of bolton's new book set to be released next week both the u.s. justice department and the white house are taking legal action to try to block it michaela has more from washington. the democrat controlled house of representatives impeach president trump for his dealings with ukraine ruling that he'd withheld aid to leverage information about his political opponent joe biden john bolton refused an invitation to testify before the house but now alleges that this action was typical of president trump's dealing with a number of countries and he criticizes the house for limiting its investigation to ukraine's had they taken the time to inquire more systematically about trump's behavior across its entire foreign policy john bolton writes the impeachment outcome would have been different in published excerpts from his b

the u.s. u.s. secretary of state the u.n. secretary general rather has called on israel to abandon its widely criticized policy to annex on 30 percent of the of what the west bank until you get terrorist said it would threaten prospects of peace with the palestinians speaking moments later u.s. secretary of state mike compare indicated that israel had the green light for annexation from washington. pakistan's aviation minister says human error was to blame for last month's airliner crash into russia get killed 97 people the airbus a 320 plunged into a residential district near port while attempting to land the initial report says the pilots were distracted as they talked about the coronavirus pandemic. the airline with downs and has agreed a 500000000 euro cost cutting deal with its cabin crew union the measures to help the carrier through the pandemic come a day before lufthansa shareholders vote on whether to approve the german government's mine 1000000000 euro rescue package for the airline. german pharmaceutical giant buy

and germany the plans of u.s. president trump to reduce the number of u.s. troops stationed here a move many see as an attempt by the president to punish the german chancellor. almost all of them were throwing the eggs bar in the small bavarian town of gas and everyone is welcome. many of the regulars here are u.s. soldiers from the nearby army base. here to lay out who has been standing behind this bar for 27 years taking care of soldiers when they're happy and they're angry and they're providing a person to those who come here this is more than just a bar and give sure it's more than just its owner. didn't meet them one for an ounce and they don't call me by my 1st name they just call me mom you know a lot of them say this is their home away from home sometimes they come here and they might be in low spirits so when i see that i try to talk to them about it is even i can't say they're like my own children but they come here so often it's like my family here right here. it's a bar named after gibson's late husband himself a g.i. is a fixture and often. it's

we will have more on the u.s. protests and unemployment inequality ahead with sean harper from the university of southern california. after the rising opec-plus deal. while the agreement be enough to keep -- them in line? we speak with our guest at the bottom of the hour. hasext, astrazeneca approached gilead about its biggest health care merger ever. the details ahead. this is bloomberg. ♪ let's get a quick check of the latest business flash headlines. hong kong stock offering at 123 hong kong dollars per-share that would raise $2.7 billion when it begins trading thursday. china's second-biggest gaming company has its main debut in the u.s. and makes it hong kong debut at rising tensions between hong -- the u.s. and china. the anticipated winding down of the coronavirus lockdowns is prompting a recovery at rental sites such as airbnb. they shut down with march with people confined to their homes but a gradual easing of intrictions has given arise demand for vacation rentals. the ceo's says people want to get away

products being exported out of the u.s., the u.s.rge exporter, they suffered heavily during the crisis. they are starting to see more demand from some south american countries which is a good sign. all is not lost, but there was plenty capacity left that could come along in the u.s. alix: walk us through where that leaves u.s. refiners. if we are shipping off all of the crude and keeping all of the sweet stuff, do refiners want that? what does that do to their margins? help me understand the state of the refining market. ben: if you are a disadvantaged refiner which looks to be your us and -- u.s. and european systems when compared to middle eastern systems, there was a problem. we talked about demand. it was down 30%. we probably got 20% of that back. if i tell you that refineries have three or 4 million barrels a day that could come online, there is no reason they need strong margins. you are producing something that we need more of now, but if margins brief -- improve, there is plenty of capacity that can almost a meal come back o

u.s. markets. if you look at volumes from tuesday, they moderated to where we are now. solidntiment is not as given how far we have come up. seoul trading, singapore and malaysia as well. the peter navarro episode, if it is any indication how sensitive markets are to the slightest hint of bad news, that tells you the story of volatility in store for markets in the second half of the year. a quick check on the risk radar. aussie yen coming off a little bit, that tells you where we are in terms of risk appetite. we were closing in on 79 a few weeks ago. brent crude, some upside. let's get you up to speed with other top stories we are watching. it lawmakers in washington have approved a bill to penalize banks doing business with china over beijing's national security legislation for hong kong. the bipartisan measure in the senate has support in the house of representatives and needs to pass before reaching president trump. it condemns china for breaking obligations under the deal that return

see a hold over one trillion dollars in u.s. debt so the u.s. really can do without trade with china than china can do without trade with the u.s. so it's one thing for the united states to put sanctions on a country and some of its beds for example i think that's what happened with russia for example but when they knock you off with that's a much more difficult blow right they explain what happens when you get knocked off us with what happens to a country what can it not do. but it essentially means a new cancer you are cut off from the entire global monetary network it means you have no access to liquidity you have no access to the dollars or you can't send international payment supplements and or any pay for anything that are currently settled in u.s. dollars. most of the global international trade currently is denominated in u.s. dollars that includes oil that includes agricultural goods that includes basic supply should necessity materials energy all of the above all of that is currently denominated us us that would be a very severe blow i

the u.s.tretch to their ninth day. his family visited the spot where he died more than a week ago. >> america needed to be listening when george floyd said i can't breathe, because when he could not breathe, none of us could breathe. >> protests have been taking place in solidarity. we show you pictures across the world from australia to kenya to canada. a warm welcome. we start with breaking news out of the united states in relation to the death of the unarmed black man george floyd. the minnesota attorney has increased charges against der chauvin,he officer involved in his death, while ling charges against the other three officers who were present. this is according to amy klobuchar. she calls it an important step for justice. george floyd [indiscernible] -- george floyd's sun visited a memorial. here is quincy mason visiting the spot where his father was arrested and died. >> trying to get justice for my father. no man or woman should be withoutheir father. we want justice for what is going

haidi: u.s.tocks slumped as investors grew anxious about the resurgence of virus cases in multiple states hampering the broader recovery. the s&p rally has stalled. it looks to be fighting an uphill battle from here. we are stuck in wait and see mode as we see the 200 day moving average and -- staying firmly in the midrange. bound tradingow action holding for a while, that could see some difficulty breaking through to the old highs. let's bring in a portfolio manager, who joins us now. great to have you. we are finally seeing investors, i guess, stumbling as we get worry continuing to build? >> i couldn't agree more. at some point, although we are positioned to respond, we expect to see a trading range as we earnings and as increased cases come up and we have the elections coming up later in the year, all of which will be in focus for investors as we navigate the next months. so farwhat we have seen that has driven the dislocation between the economy and the markets has been the guarantee of plen

u.s. futures are lower. forre seeing declines at 1% jakarta. hang seng is down 113 points. ipo,re watching the big the secondary listing of net ease. shares up close to 9% on that trading debut after it was oversubscribed from the retail and institutional side. take a look at bonds. we see treasuries consolidating gains after the fed's decision. saw of the buying we overnight was in the belly of the curve of the five-year as the fed committed to keep eyeing bonds. 10 year yield is also at the lowest in a week. you see that in the aussie markets with 10 year yields down , so belowbasis points the 1% threshold. yen.s are bid up with the it breached that 107 mark. we are still around 10693. hong kong dollar also breached that small and. -- end. very strong side of 775 -- 7.75. crude continuing the climb after the u.s. stockpile data. highest in nearly four years. gold futures getting a boost from the fed. bond yields staying low. that is helping to provide this rally. has. haslinda: expectati