u.s. international role in the world, i specialize in isolationism, internationalism, and globalization and my work that pertains to the panel today is "promise in peril." you can buy it downstairs. i have the distinct pleasure of being the chair and coorganizer of this really exciting panel, i think, and i hope you'll agree once we're done. it's a fascinating topic with tremendous contemporary relevance as well as his totori significance. our panel is entitled turning .1916. this the not just about foreign relations but also world relations, international relations. now the spark for this panel is the centennial of the 1916 election in which woodrow wilson ran on a he kept us out of war platform, despite the military interventions ongoing in mexico and in the caribbean. marking the secentennial of thi election, this round table brings together superb historians with a wide array of focuses to address whether or not 1916 should be seen as the end of an era or the beginning of an era or in

because u.s. is also to supporter of gavi and continuing to that angle to support the initiatives. >> elizabeth, i think marie-ange is t very accurate in that congress now is very committed to gavi. congress understands this global relationship. they are committed to making sure that gavi is funded and the u.s. funds continue, so regardless of what the administration has intended i think congress is sort of a protector. cepi is a new entity that was focused on research and development, but i think that the threat the u.s. was not only not participate in cepi, but withdraw funding from the w.h.o. is really dangerous in terms of world's capacity. our resources are needed, and i would say our leadership is needed to mobilize an effort of developed countries to t look at outside of the borders and say we not only need to vaccinate our own populations, but we need a global view because if somebody is ill in africa or asia, that still is a threat potentially to the united states and it's also the right

and our u.s. centered warp speed is only investing in six of those, we have a possibility in the united states to be at the back of the line if one of the other three is actually the first to show effectiveness and safety, not only are we not providing leadership in the world, were not participating in the world effort, we are threatening to withdrawal resources in the feature that can hamper and were putting our citizens in a deeply dangerous situation if we don't rejoin the world collaborative very soon, it's all about politics. >> anyone else want to jump in. >> we are here to talk about vaccines, the same could be said about therapeutics as well and is one reason why we joined in welcome to create the therapeutics precisely to make sure there was equitable distribution of testing and treatment even as we work on the vaccine, it's very important to have that, it is not just the right thing to do, if you don't have it and if you see nationalism or protectionism introduce themselves in the supply

also, guns u.s. infrastructure is less important than getting what is needed built and getting value from the dollars that the united states spends. we should allow for competitive bidding for construction, installation and maintenance of long security sensitive parts of u.s. infrastructure and we should insist that foreign governments allow the same opportunities for u.s. firms. so those are my three priorities. i want to pick up on what jason was saying about how to figure out the budget. including reducing federal budget deficits relative to those projected under current law. i agree with jason that given these historically low interest rates, the accumulation of federal debt is not one of the countries they get economic challenges right now. trying to pay for fiscal mealtime the counterproductive, we all agree on that. going beyond that, i think it is sufficient that any increase is discretionary or ongoing federal spending related to these priorities is accompanied by an increase in federal reve

the u.s. election. it's true that south korea's chipmakers have been benefiting since september as a consequence of the restrictions that have come up on a number of tech companies in china, but whether this is a sustainable in the long run really depends on the trade dynamics between the u.s. and china. the conditions for risk remain highly -- in the near term. this is what will shape really the strength of the recovery in tech exports for south korea. remains uncertain at this moment. paul: i went to get your thoughts as well. good news we have had out of australia. we now have a second day in a row in the state of victoria with no new coronavirus cases. restrictions are being eased. it looks as if the outbreak is under control. with that in mind, what is your outlook for the australian domestic recovery? the latest development marks a turning point for the australian economy, especially as in victoria, retail, hospitality, it resumes operations after months of suspended activities. most of

a former u.s. homeland security official has admitted to being the white house insider who wrote a scathing op ed 2 years ago condemning donald trump miles taylor supporting joe biden and is called trump a moral petty and ineffective mike hanna has more from washington d.c. the man who called himself anonymous in 2 separate books and actually an out at president trump has now revealed his identity in an online post miles tailors his name and he was a chief of staff in the department of homeland security at one point so a very senior official he was highly critical of trump in those 2 books saying that it was necessary for americans to know both the character and the quality of the head of state as a body john has accused me of killing at least 21 civilians in a missile strike bringing a 3rd attempt at a cease fire into doubt the attack on the city of boston is the deadliest single incident against civilians since fighting flared a month ago how to concede to has made landfall in southern u.s. bring

business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here in the union is also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the thing is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have power beyond anyone else and with that comes a responsibility tariffs the one way to exert pressure by making imports more expensive the u.s. that tariffs on steel wine and jam. be e.u. on corn cranes and jeans. tariffs and our view are just not helpful and they don't really achieve what you want them to achieve there's one thing that they al

business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here really and it's also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the saying is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes the responsibility tariffs the one way to exert pressure by making imports more expensive the us that tariffs on steel wine and jam . the e.u. on corn cranes and jeans. tariffs and our view are just not helpful and they don't really achieve what you want them to achieve there is one thing that th

forcing u.s.business isn't a joint venture which they didn't want those sort of things have been going on on a grand scale and it's not just american technology that china stole and syrup in and other countries as well and that i think it's been right of trying to highlight that as one of the few things he's got right an economic policy that it has to stop so it's not simply just the loss of manufacturing jobs is that it's other things that china has done as well have all sort of generated this this anti china sentiment in the u.s. i didn't mean that you are blaming china but trump is obviously do you think there are $350000000000.00 democrat plan will do anything to counter china's lead in 5 g. an artificial intelligence 'd saw even drug supply chains well up the margin maybe i mean of course in a pre-election platforms from presidential candidates aren't necessarily what becomes an acted after the election because we have to get through the whole political legislative process and it's all very w

it's off of u.s. and russia. it's the hope that the u.s. joins, that would be -- that everyone can work together from a scientific point of view. to see how people come together with vaccines at a safeway. into show that they are effective. because of the pandemic. the collaboration is happening that much more is needed. back so to your points, i think indeed there is concern. there's never been such a pandemic of that size. and of course the work is daunting. but as the color before just said, we have seen actually a wake-up call and a movement for coming together. we gathered together. which is to be regrouped and fork countries. in the idea is to even the magnitude of the work is to pull the resources. and the approach of investing at the same time in the vaccine that can be together. with the view that in 12 months or 18 months, by the end of 2021, certain member of doses can be procured. and provide a minimum buffer to actually quote unquote guarantee access for 20% of the world population. so that is again at least vaccinate the high

u.s. president donald trump continues to insist his country is rounding the corner on the coronavirus pandemic this despite surging cases and hospitalizations president to defend his strategy after a senior aide admitted on sunday that america will not control the outbreak white house chief of staff meadows says the virus going to be defeated through vaccines and therapeutic treatments a national lockdown strategy or a national porn teen strategy that is proposed by the left it is not effective is not what will ultimately contain or control this virus so any suggestion that we're waving the red flag i mean the white flag is is certainly not in keeping with this president you know him he didn't give up and he's not going to give up until all americans are safe that we defeated this virus. in our headlines this hour president has called on the people to boycott french goods as tensions rise over french president emanuel macro's plans to reform islam in france macron has been calling for toug

u.s. futures lower. we will be in the story the entire hour. the last jobs report for the -- before the election. 785,000 workers added in september. stimulusocrats pass a package. forp has tested positive covid-19. he and the first lady will quarantine immediately. this is what is going on with u.s. futures. we saw you choose drop immediately. down 0.9%. you can see the stock drop as concerns mount about the president and the first lady having covid-19. this comes after a top aide that had traveled with him to cleveland and minnesota, hope picks. -- hicks. she contracted covid-19. the president and the first lady tested positive. you are seeing immediate market reaction. joining me is the head of investment strategy. a lot to digest. we just learned this news. the president contracting covid-19 to be this comes 32 days ahead of the election. it goes without saying we wish the president and his family and anyone that comes in the path of the virus well wishes. howdy prepare for the risk of

postal votes in the u.s.ction will be accepted three days after the election in one state following a court ruling. the supreme court turned down an appeal by the republicans that would have limited the counting in pennsylvania. votes postmarked election day were before will be accepted and what could be a key swing state. our white house correspondent says the issue of mail-in ballots has become important during the campaign. >> why this is such a divisive issue along partisan battle lines has to do a lot with mail-in voting. typically democrats seem more supportive of that. they have confidence in the system. donald trump has said it is rigged with fraud and as a result most conservatives choose to stand in line to cast their ballot on voting day. the issue became, the republicans wanted to cut off when the mail-in ballots in pennsylvania could be accepted on november 3. democrats made the argument if they are postmarked by the third, they should be counted, even if they are three days late. this is where t

u.s. and eu. there's the rest of the world too. unfortunately, kathryn of australia who was going to join at the last minute said there was a conflict that arose. so i apologize that we don't have apac represented here. i know that our speakers have tremendous breadth of knowledge, experience and i think we'll cover the world as well. our first speaker -- i'll introduce all of the speakers and turn it over to each of them for some remarks and then we will begin a bit of a round table discussion. type your questions into the website sli.do. so, bruno gencarelli is the head of the international data flows and protection unit of the european union. bruno heads -- he has led the commission's work in the area of data protection in the decisive phases which i think has certainly a lifetime employment opportunity for him. in that capacity he headed the european union commissions delegation on interinstitutional negotiations with the european parliament and council that resulted in the adoption of

we have u.s.de agreement on goods. >> reporter: depending on the outcome of the election, there may be a change in the u.s. stance on global trade. nhk world. >>> department stores in tokyo are changing their new year strategies to cope with the pandemic. they're moving early with their bargain packages known as lucky bags. they contain items worth much more than the retail price of the contents. the only catch is shoppers don't know what's inside until they buy one. managers say sthar bags contain lifestyle items for people to make the most of being at home. one contains a hammock and even a carpet. another bag comes with kitchen tools to make staying at home more fun. the store usually sells its lucky bags on the first three days of the year, but this season they will be on sale between late december and january 11th in an effort to avoid crowding. >> translator: the needs of our shoppers are becoming more varied with changing lifestyles. i think we have a great lineup of lucky bags to help cust

and the u.s. has been strong and it has helped more than 120 countries on a bilateral level for-- during this crisis, but has failed to engage collectively both in multilateral organizations, but also in sort of more ad hoc initiatives. that's the question for europeans, can donald trump ever change? can he change based on personal experienced? as he mentioned in his videos, i have, he said, he said something like, i have-- i have gone to school with this covid, i have learned things and i will go back on this and discuss this, so maybe that's the case and it will give europeans some hope, i guess. >> yeah, celia, just to jump in there and we'll go to bill in a second. you know, that sort of happened to boris johnson, right? he was very cavalier about it, joked about it continuing to shake hands and afterwards was quite chasened. i don't see that happening with trump. last night he did make those remarks which i thought were a bit odd, but said he learned a lot and within hours he went out in a va

and the u.s. needs china. their economies are linked hand-in-hand on the industrial and consumption levels. there are many issues between these governments, that we would see. but there is a link between the two economies and it is remarkable. joe: it is pretty striking because so much of the story of the economy, the global economy some overproduction in china, it is the opposite. you see this in our charts that cameron crise made. industrialine is recovery of precrisis levels, very impressive. on the consumption side, it is very far below precrisis trends. china'suction side of economy is roaring back a lot faster. caroline: and it is almost the opposite when we look at the united states. we see industrial production still pretty woeful, a sluggish return in terms of manufacturing , but consumer, on fire. yes, we still aren't pre-covid, to a certain extent, but we see money continuing to be spent, particularly looking online. the consumer is buying a lot of chinese goods. joe: let's bring in bloomberg chief

and german companies u.s. companies are afraid you know of their supply chains of implications in the home market german companies are afraid of being stuck between the 2 warring giants speak. and just very briefly looking ahead to the upcoming u.s. presidential election will that influence u.s. german trade relations of business relations. well 1st i'd like to point out we're not at all a political organization strictly commerce but we do poll our members on that topic the overwhelming majority of them say that the outcome of the elections will have a significant impact and the vast majority also feel that a change of administration would be good for transatlantic business in general we're still trying to figure out a little bit which way professor president biden would go these various things some of which concern or some of which we find positive but either way we continue our work and i think the transatlantic relationship will continue on strumming alright well that's again good news there frank sparta la

u.s. will remove sudan from his list of spate -- state sponsors of victims and their families. ♪ you're watching al jazeera. also coming up, as confirmed coronavirus cases around the past 40 million, iran suffers its most deaths in a single day. arland and wales -- ireland and wales announced new coronavirus letdowns. poland is turning his national stadium into a hospital. belgium is warning of a tsunami of new cases. socialist candidate claims victory in bolivia's presidential rerun, paving the way for the return of people morales. -- of evo morales. money destined for the u.s. families and victims of attacks by armed groups and after has left sudan. the first step in a compensation agreement that will see the country removed from the u.s. list of state-sponsored terrorism. earlier u.s. president tweeted that the new government of sudan agreed to pay $335 million. once deposited i will lift sudan from the state sponsors of terrorism list. at long last justice for the american people and a

u.s. futures edge higher this morning. christina barred warns that if his go eight is ended too soon, the warning comes just hours before france downgrades fourth quarter growth to zero. and the u.s. legislators propose sweeping antitrust reforms on tech giants including alphabet and amazon. 449 page report recommends curves -- curbs on acquisitions. 6:00 came in london, 9:00 a.m. in downtown -- well done, welcome to the myriad of tweet storms. it pulls the ripcord on fiscal negotiation. a very machiavelli move, then he offers the art of the deal. good morning. we are betwixt and between. ann-marie: good morning, a bit of a tug-of-war because these came after jay powell was pretty unequivocal about his stand on what is needed for the u.s. economy, saying the risk of overdoing it seems to be small. you're looking at the trump tweets instructing his team to close negotiations. manus: the other thing that comes to mind is this, from promises to do a deal after he gets reelected. the risk is t

the u.s. government is expected to remove sudan from its list of state sponsors of terrorism president donald trump says the move will take place once khartoum compensates american victims and their families this is what he tweeted great news new government of sudan which is making great progress agreed to pay $335000000.00 to u.s. terror victims and families once deposited i would lift sudan from the state sponsors of terrorism list at long last justice for the american people and the big step forward for sudan to cross live now to even morgan who is in khartoum forest give us a little bit more context 1st of all that i'm guessing you know what reaction to what the sudanese government itself has said and how significant is all of this. yes indeed barbara now just a few minutes after the read by the u.s. president donald trump the sudanese prime minister abdullah also tweeted out thanking the u.s. president and saying that this is quite a significant step for sudan now this is something that t

the u.s. is once closer security ties with india in its push to continue a rising china but china and his defiance as its economic and military might boost national confidence away empty pools medians even accounts entire resorts in part. trouble babs. all those stories a whole lot more coming up in news asia in just a moment a wisdom melissa that shannon will be back at the top of the 0 was meet with the world news headlines there for you i'm loyal american both on behalf of all of us here thank you for spending this part of your day was. cut. taxes me now from c.n.n. talking with michael shanks after the revered army the mild flu so now i'm months without a man. with a i have seen byron steamroll on tough time for you and thomas levin dosti sheep same implicitly gary. to go and 66. how does a virus spread. why do we have it and when we'll all be. introduced through the tax and weekly radio. show is called spectrum if you would like any information on the crown of virus or any other science t

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we hope that the u.s. joins and then everybody can work together from the scientific point of view and come together to advance the global vaccines to show they are effective. so a lot of that is happening but much more is needed. >> in need there is concern and course the work is daunting but we have also seen the movement for the multilateralism coming together and when we hear the idea and the magnitude of itthe work is to pull the resources and adopt this portfolio s approach that can be accelerated and the portfolio we do that in 12 months or 18 months by the end of 2021 a certain number of those seats can be procured and provide a minimum buffer to guarantee access for 20% of the worlds population so we can vaccinate the high risk people and start from there. in the supply constrained environment it's very important that corporationon mike was talking about was making sure even the globalization that we have seen, everyone can be protected at theon same time otherwise it just won't work. >> a few of

president says the u.s. will remove sudan from its list of state sponsors of terrorism once it compensates american victims and their families. alone barbara starr you're watching al-jazeera live from london also coming up as confirmed coronavirus cases around the world pass 40000000 iran's suffers its most that's in a single day our london wales meanwhile announce new coronaviruses lockdowns poland says it's turning its national stadium into one hospital and belgium is warning of a tsunami of new cases. and socialist candidate luis out sick claims victory and believe u.s. presidential rerun the paving the way for the return of ever more outlets. money destined for the u.s. families and victims of attacks by armed groups in africa has left sudan the 1st step in a compensation agreement that will see the country removed from the u.s. list of state sponsored terrorism earlier us president donald trump tweeted that the new government of sudan agreed to pay $335000000.00 once the positive i would lift so that fr

we are saying u.s. futures, online higher at the moment. this is after u.s.tocks tumbled by the most since june. check is leading all of the sectors. tech is not really acting like a haven today. let's see how things are shaping up for the asian markets. here's sophie kamaruddin in hong kong. sophie: after that steep drop that we saw for u.s. and european shares, expect losses to continue. in asia. it is the busiest day of earnings for china. in australia, we have all of these futures falling to the lowest since october 5. this is after a report of a 40% -- a 42% slump in profit. s may be facing a tumble. bullion fell. is picking up steam. we may see some slight tweaks to its quarterly forecast. we also have the ecb on top, expecting to hold. -- the euro under pressure as a virus cases rise in europe. the euro is falling. we are also seeing uncertainty around the u.s. election. paul: thank you, sophie. there may be some clear signs that according to the bloomberg intelligence team, joining us now is rtp equity strategist gina martin adams. what is happening i

to enhance the u.s.onomy, but tried to china.he rise of my view is that slowing china's a viable ise is not economic policy in the medium and long run. to that. back the second major suggestion i a more that we need robust interactingcy process to internal e kind of bureaucratic squalling that's led in recent years to a very policy to address china's economic rise. policy should s include a rigorous estimate of the cost to the united states of weaponizing trade policy. by weaponizing trade policy, i example, tariffs, export controls, and secondary sanctions. currently, these policies are being weaponized with little or regard to the cost to u.s. onsumers, to u.s. businesses, or to the long term competitive position of the united states. major that's a second change in the approach we would have to have on china. back to why i think china's rise is likely to -- in e, i think we have process of negotiation with china needs to recognize that relatively low level of per capital output, substantial potential

business in the u.s. in business in germany in europe are very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade here in the union it's also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the thing is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes a responsibility tariffs the one way to exert pressure by making impulse more expensive the u.s. . tariffs on steel wine and jam. the e.u. on corn cranes and jeans. tariffs and our view are just not helpful and they don't really achieve what you want them to achieve there's one thing that they a

on the u.s. administration and europe and international organizations is ot to say that people of other continents, of africa, of latin of ica, of asia, are not, eastern europe, are not stakeholders at the table. quite the opposite. feel we we do not should be presuming to speak for hem as a bunch of people who were brought up in america and europe and served in american and european governments and so rnational organizations we hope to engage through the first quarter of 2021, with representatives, fellow scholars, fellow former officials, around the world, to nonamerican, noneuropean perspectives and how we might work together and we to that engagement. and foremost the u.s. has to get its house in order to economy.he global onstructstive economic solutions do exist to the international existential threats we face but they must be targeted and they must be based rebuilding. they must be global. so please join us in this effort. to my let me turn colleague, professor -- fellow.ent senior jason h

era u.s. trade law to unilaterally launch its commercial conflict against china so under section 301 empower the president to lead a dispatch terrace and other import restrictions whenever a foreign country imposes unfair trade practices that affect u.s. commerce china on the other hand they claim that the terrorist violated the most favored treatment provision because the measures fail to provide the same treatment to all members china also led to the terrace broke a dispute settlement rule that also require countries to 1st seek recourse from the b.t.o. before imposing any retaliatory measures against another country so in the end the panel of 3 declare the tests in violation of the international laws as the us had not met its burden of proof and demonstrating that the measures were provisionally justified so basically in other words the us terrorists were illegal and it broke the very rules that it helped to put into place so as if that's i have ocracy enough the trump mr they had previousl

but the u.s.otes mark, was abysmal, around 10% to 15% in some of the main european countries, considering only 10% or 15% of people considered that the u.s. was doing a good job dealing with covid. so really, what this ultimate crisis would do was just reinforce this image and at the same time, the europeans own sense of isolation. who else than the u.s. can be their ally in dealing with this pandemic? and at the moment, the giant, the american giant is missing , and its leadership is missing . now more than ever, you know, the presidential leadership is missing as well. so, i was just thinking, listening to bill and to fiona, that the only thing really missing from this confluence of crisis is an international crisis, and hopefully, you know, the u.s. won't face that, but that would be a very weak moment, very hard moment for the u.s. at a time when power is concentrated around the president, and the president is or could be incapacitated. at least it's a worrying thought also for europeans. thom

both in the u.s. and europe, fiscal policies provided support for households amid sharp declines in employment and hours worked. this was achieved through a mix of unemployment insurance and job retention programs, but with varying weights. the united states relied more heavily on direct payments to households, including stimulus checks and unemployment insurance, while also promoting job retention through the paycheck protection program. european policy makers subsidizing company payrolls to retain workers through a short variety of programs used during the global financial crisis so we're ready to be relaunched. ultimately both u.s. and european fiscal policies have produced similar results. first, finding and maintaining base level household consumption through the worst of the pandemic and subsequently unleashing pent up consumer demand. retails were above pre-pandemic lefts at u.s. averages. with short-term interest rates constrained from below asset purchase programs and lending facilities remai

u.s. supreme court justice shifting the court further to the right and will tell you why a new abortion law in poland has triggered mass protests across the country. remains remarkably warm in the levant good cider western saudi arabia as well and that's despite what's developing in the mediterranean which is story whether through greece which head towards turkey is a gentle breeze drawing down the goals that attempt has a coming down slowly doha's its 30 or 30 over the next day or 2 the month is sheriff he ran across the coast of amman and others across from rains on his way to the horn of africa there is slightly more rain in somalia the sort of few showers in south sudan but mostly we're to the south of that now in uganda tanzania drought the rift valley and focusing rather more on come rooting get bombed and touching north and i go this is normal this time the year as the sun comes out and the monsoon trucks come south so you get more or less sort of right look at issues for cars actua

u.s. unemployment numbers are in with an unexpected dip below 8 100000 last week u.s. commerce department data showed 787000 americans filed for jobless claims beating expectations while the number is still high unemployment pilings came in below 21000000 for the 8th straight week this is the lowest level we've seen since the start of the pandemic back in march this comes as markets react to us speaker of the house nancy pelosi is comments commenting on stimulus and she said the deal is just about there but she's warning the deal would take a little while to be sorted out. this. did not happen. and if we were not making progress and spend 5 seconds for solutions and i say that in french to the secretary rice would that even be true and he said the same thing to me why would i even be talking to you if we can resolve some of these things in the next few days you know take to write the bill. for more on the stimulus and market reaction we're joined by chris mulan founder and chief market strategist of the technical traders dot com and michelle snyder managing director of

the u.s. secretary of state michael bell is calling for across a corporation with india to confront threats posed by china the u.s. and india have signed a defense bank to share military technology and classified satellite data and as a run of reports from new delhi. u.s. secretary of defense marcus spoke was welcomed by a god of auto in india's capital. just one week before the u.s. election he and u.s. secretary of state mike pompei all landed to sign the 4th and final defense agreement between the 2 countries a deal which has eluded previous u.s. administrations during our meetings these last 3 days we are firm reaffirmed the united states' commitment to a comprehensive and forward looking defense partnership with india the basic exchange incorporation agreement or becca as it's known will allow the sharing of military technology maps and classified satellite data and it comes as relations between nuclear neighbors india and china are at their worst in decades in june 20 indian soldiers and

u.s. and europe, fiscal policies provided support for households with declines in the hours worked. this was achieved through a mix of unemployment insurance and job retention programs, but with varying weights. the united states relied on direct households including stimulus checks and unemployment insurance while also promoting job retention through the paycheck protection program. european policymakers focused on subsidizing company payroll through a variety of short time work programs which had been used during the financial crisis so we are ready to be relaunched. ultimately, both the u.s. and european fiscal policies have produced similar results. first, maintaining a base level of consumption through the worst of the pandemic and subsequently by unleashing pent-up consumer demands. retail sales rebounded to the pre- pandemic levels with both the u.s. and europe at 104% from 2019 averages. monetary policy tools have also played an instrumental role in the response. with short-term in

the u.s. and indonesia have agreed to develop indonesian islands in the south china sea together in a move that challenges china's claims in the waters. u.s. secretary of state mike pompeo andonesian foreign minister held talks on thursday. they discussed the sittion in the south cna sea wch china claims most of. indonea has designated an exclusive economic zone off the nah tuna islands and has a territorial dispute with beijing in the area. >> our law abiding nations reject the unlawful claims made by the chinese government party in the south china sea. it's a cause worth pursuing in multi-lateral settings and the trump administration very much supports this. >> she said stability and peace should be maintained in the south china sea and added international law, especially united nations convention on the law of the sea must be respected and implemented. pompeo expressed willingness to cooperate in new ways to ensure maritime security and protect some of the world's busiest trade routes. >> i

u.s. senator. you've continued to demean yourself throughout this campaign with your conduct. first you were lengthening my nose in attack ads to remind everybody that i'm jewish. then when that didn't work, you started calling me some kind of islamic terrorist. and then when that didn't work, you started calling me a chinese communist. it's ridiculous, and you shouldn't do everything that your handlers in washington tell you to because you'll lose your soul along the way, senator. what the people of georgia deserve is a serious discussion of economic relief for georgia families and how we're going to protect coverage for pre-existing conditions. >> thank you for your -- >> well, perhaps senator perdue would have been able to respond properly to the covid-19 pandemic if you hadn't been fending off multiple federal investigations for insider trading. it's not just that you're a crook, senator. it's that you're attacking the health of the people that you represent. you did say covid-19 was n

u.s. airlines are hoping to take off once again by implementing a new coronavirus strategy the industry is planning to make over $1000.00 tests available for passengers before they board flights airlines including united american alaskan and jet blue have announced programs which will offer mail in tests that will be sent to passengers homes or rapid tests at airports hopes are by implementing testing passengers would feel more confident to fly while lifting the need for travel restrictions and mandatory quarantines in the states many are seeing this as a possible lifeline for the airline industry which has been ravaged by the coronavirus september 30th was the last day of a $25000000000.00 federal bailout package which assisted with payroll. in the industry and the airlines were hoping to see a new pandemic plan take effect last week the republicans are blaming the democrats for the lack of action was just days ago called the fertile of more than 32000 jobs combined at united and american

u.s. lost that between the u.s. and china, trade war. for the is shaping up trading day ahead. futures pointing to a higher open, adding to the 1.7% gain we saw overnight. the nasdaq also up. tech stocks up even after proposal to restrict the antitrust rules to limit the power of big tech. at 35, pushing higher after yields, even five-year yields at the highest level for more than a month. we are looking ahead to a few fed presidents who will be speaking later today. the picture where policy will be in the months and days ahead. seems like there is some optimism on some kind of stimulus. you can also argue that investors are looking past what happens in congress are looking more towards what happens for this election right now because the polls into a suggest, are in favor of biden. not sure this price presidential debate will change the dynamics of that but certainly we are seeing most risk assets are outperforming with the exception of hong kong which is down 0.8%. the kospi gaining. the

but u.s.ligence officials y the kremlin has continued its cyber attacks in this year's race,alling it a blatant assault on american democracy. there is also the future of major nuclear arms deal that hangs in the balance. loggerheads over how to place at limits on nuclear weapons. an existing treaty set to expire in february so let' get more on russia's reaction to this election. joining is now is steven rosenberg from moscow. thank you for staying up late for us to moscow. back in 2016, moscow was accused of meddling in e election bynt americanligence community in order to help donald trump get elected. does moscow fee gthat was ad bet, that they had a good deal from the trump residency? -- presidency? >> vladimir putin was sitting in the kremlin with a blank piead of paper andtwo columns and the pluses and minuses of four years of donald trump, i think there wouldlo be in the minus column. four years ago, the kremlin had big hopes that president trump would ease sanctions but ht didn'pen. it

the u.s.nd europe are not on the list for easing curbs. haidi: markets coming online for the start of the brand-new trading week. let's go to sophie kamaruddin. after inome enthusiasm cap the best week since april. australia posted record shipments when it comes to iron ore, putting some down pressure on the commodity. gold holding about $1900 per ounce, after its second weekly gain. $2300 for bullion, early 2021. the aussie dollar under pressure. it had fallen by 4%. .4%. the offshore yuan on the retreat. looking forward to the fix to see if that will add more weakness on the offshore yuan. futures, nikkei futures holding steady while the 106,s trading around testing the 65 day line. today's south korean markets come back online after the long weekend. we have korean trade data later today. won trading korean at a high. on the oil patch, new york crude falling for a second day, $40 a barrel. saw the u.s. we and libya reduce production. shery: president trump and nancy pelosi continuing a war

u.s. futures pointing to a higher open. u.s. stocks, the five-week high. activity propping up u.s.ifty futures pointing to a higher open. most virus restrictions lifted. dollar index down by .2%. we saw the rbis decision coming up later this afternoon. the rest of asia looks sleepy. the china markets coming back in a big way. the a share market up 1.8%. large cap up to percent. buying stocks, buying. 670 for the offshore renminbi. 10 year yield highest since december. cross assets, the aussie, the yen, strength for both of those currencies. we did see oil climb overnight on the back of this hurricane approaching the u.s. gulf. opec mentioning the worst is over. also a buy. 1% at 1950. let's get to the first word news with karina mitchell. start with fed officials telling the trump administration more fiscal aid is needed to's of -- facilitate the economic recovery, saying without it, the rebound will be weaker. with stimulus talks stalled, robert kaplan told bloomberg it is not the time for more qe. he said the fed is unlikely to increase large-scale asset purchases, as it would no

business in the u.s. in business in germany in europe or very interested in each other's markets our job is to ignore politics as much as we can we're not political. our job is to find ways for our members to successfully pursue their business activities and hopefully expand grow them create jobs and encourage trade period immediately and it's also pro-trade that the competition commission says there is a plain meaning to regulate the u.s. digital giants a proper european approach would be to say you're more than welcome to be successful but the saying is with success comes responsibility and this is the face that we're in now to say well you have to recognize that you have powers beyond anyone else and with that comes a responsibility tariffs the one way to exert pressure by making imports more expensive the us that tariffs on steel wine and jam. the e.u. on corn cranes and jeans. tariffs and our view are just not helpful and they don't really achieve what you want them to achieve there's one thing that