v&a dundee. here we come! from v&a dundee. here we come! from v&a dundee, this is bbc click, live!ome your hosts, lauer louis fenton and spencer kelly! -- lara lewington. yes, if the time of yearagain lewington. yes, if the time of year again where we leave the comfort of the click offices and go live to the world, or at least to a crowd of very eager technology fans. v&a dundee was the spectacular location for a show that took in everything from artificial intelligence to facial recognition. the museum not only celebrates the past, but also looks to the future. most people's ideas of robots are shaped by the robots they see in science fiction, looking at film and tv your television or music. but robots are a bit more real than what we think. most children will grow up with siri or alexa or some kind of smart helper. and i think in the future that is going to increase, we will have more robotic helpers helping our children and helping usjust increasingly more and more on an everyday basis. currently on display is the exhibition designed between human and machine. rather than robots

i think there's a v-shaped recovery in the making. jobs are rising. >> yeah. >> things are improving. and i can also report from -- i sit on a coronavirus healthcare team, and actually, these pop-ups we've had in the virus, particularly in the southwest, finally look like they are flattening out and even hooking down. that's a relief. that answers some prayers. and again, the mitigat you know, masking and distancing and hygiene, that stuff works. and closing a buncars. so i'm hoping we're getting through e hot-spot stage, and i think there's a lot of solid economic information t there. >> so, let's go back to one thing you said. you, for the sake of the audience, define what you mean by a v-shaped recovery. >> well, if you put it on a chart, you know you can -- i'm sorry we don't have a blackboard. this goes a crash coming down. i mean, it's not like a regular macroeconomic decline because it's really more in the nature of a natural di, kind of a super awful -rricane or a super awful >> so the idea of the upside of the v is that it re

there may be some moderation, but judging from what we know,v, it looks like nd the v can continue for a while. j >> so then, t recently received some new gdp numbers from the secd quarter of 2020. and what we learned is that the contracted at a record rate,ly about 33%, as you know, which is the largest quarterly decline inecorded history of the gdp. so as you think about a v-shaped recovery, do you do you mean that we will recover that full 33%, those trillions of dollars the economy lost in the timee sie coronavirus came to us? >> well, it isn't really 33%, edbecause that's an annual number, to the fourth power or multiplng times four. and i don't -- >> but is that what you mean? are you taing about gdp recovering? is that what you mean in the v-shaped recovery? that we recover our gross domestic products output? >> yes. output, employment, manufacturing, autos, housing.er s a whole series of areas. and the economy fell by 8% to 9% in the second quarter. it's gonna take a while to make that up, but t signs suggest -- >> how long you think it will >> well, i think you're gonna get a

transmit h-i-v through sex. serious side effects can occur, including kidney problems and kidney failure. rare, life-threatening side effects include a buildup of lactic acid and liver problems. do not take biktarvy if you take dofetilide or rifampin. tell your doctor about all the medicines and supplements you take, if you are pregnant or breastfeeding, or if you have kidney or liver problems, including hepatitis. if you have hepatitis b, do not stop taking biktarvy without talking to your doctor. common side effects were diarrhea, nausea, and headache. if you're living with hiv, keep loving who you are. and ask your doctor if biktarvy is right for you. -always have been. -and always will be. never letting anything get in my way. not the doubts, distractions, or voice in my head. and certainly not arthritis. new voltaren provides powerful arthritis pain relief to help me keep moving. and it can help you too. feel the joy of movement with voltaren. you say the customers maklet's talk data.s. only xfinity mobile

it may look like a v in terms of the s&p rebound but it certainly hasn't looked like a v when we talk about the cyclical economic recovery what happens here on in. everybody has to make a judgement about where we see the markets go because of this we are chatting early on saying we are early cycle. what we are seeing is reflective back in 2012 where we saw growth and a new cycle. the argument would be and we've rebased this back to 2009. the argument would be that this is the blue line and where we are now and what happens after 2009 ultimately, we were at the beginning of the new cycle in 2012 and that takes us higher. the problem with the analysis is where we sit on valuations thank you to those out there that have done the hard work out there pointing out the pe for the s&p currently is 31.14 that's the s&p rating. it was 32.56 back in 1929. that's where i want to pivot to the dow. if you look at the dow and the historic path the dow took in 1928 as we saw the fed begin to tighten interest rates to quell the stock market speculation they killed the speculation and the market the fe

v&a dundee. here we come! announcer: from v&a dundee, this is bbc click live.lcome your hosts, lara lewington and spencer kelly. yes, it's that time of year again, where we leave the comfort of the click offices and go live to the world, or at least to a crowd of very eager tech fans. v&a dundee was the spectacular location for a show that took in everything from artificial intelligence to facial recognition. the museum not only celebrates the past, but also looks to the future. most people's idea of robots are shaped by the robots they see in science fiction, so like in a film or tv or video games or music. but robots are a bit more real than what we think. so most children will now grow up with siri or alexa or some kind of smart helper in their life, and i think in the future that's just going to increase. we're going to have more robotic helpers helping our children and helping us, just increasing more and more on an everyday basis. currently on display is the exhibition design between human and machine. so rather than robots coming in and replacing us and

transmit h-i-v through sex.us side effects can occur, including kidney problems and kidney failure. rare, life-threatening side effects include a buildup of lactic acid and liver problems. do not take biktarvy if you take dofetilide or rifampin. tell your doctor about all the medicines and supplements you take, if you are pregnant or breastfeeding, or if you have kidney or liver problems, including hepatitis. if you have hepatitis b, do not stop taking biktarvy without talking to your doctor. common side effects were diarrhea, nausea, and headache. if you're living with hiv, keep loving who you are. and ask your doctor if biktarvy is right for you. if you're living with hiv, keep loving who you are. simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports.

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this is not a v shaped recovery. i need you to go i'm not listening. i'm not listening when those chatter heads -- excuse me, ill advised people come on our show and enter on the paper tell you this market is telling you about a v shaped recovery. look at these stocks look at the stocks that brought us here. you see any recovery there no on "mad money" tonight, home depot and walmart grabbed headlines but i'm focus on a boxed retailer concerns about the u.s. recovery put the dollar on the defensive but can the status be the world's number one currency? i'm going to go off the charts for a surprising story and colombia sportswear through the uncertainty? i'm talking with the ceo after earnings so stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer #mat tweet har #madtweets or call us at 1-800-743-cnbc miss something head to madmoney.cnbc.com. businesses are starting to bounce back. but what if you could do better than that? like adapt. discover. deliver. in new ways. to new custom

el prontostico dl tiempo al regresar >> si tiene dudas sobre el censo 2020 un grupo de xpeexpertos vs preguntas sl solamente llame al numero que esta en pantalla no pierda la oportunidad de h hacerse contar ya rmoegresamos >> (informacion en pantalla( kom(comerciales( ( musica ( (musica) >> gracias por continuar con n s nosotros en toestos momento el d gdobernador testa ofrec ienien c conferencia de prensa para h hablar sobre la situacion e economica del estado de cal california por la pmandemia de c covid-19 nosotros vacmos a con continuar monitoreando la conferencia de prensa y vamos a tener mas dyetalles mas tarde, n t4elemundo 48 somos lau autorid en el tiempo vamos con nuestro j jefe de mgeteorologia para el a panorama mas actualizado >> grupo buenas tardes sestamos en mediodia la condicion para nosotros es de aumento de te temperatura vamos a ver que taea pasando con el sdistema de alta presion que va a hacer que el calor se expanda por nuestra region ltas temperaturas van a c continuar en el rango de 93 grados solamente las costas si u siguen cerca dloe los 70 lsa situacion co

transmit h-i-v through sex.effects can occur, including kidney problems and kidney failure. rare, life-threatening side effects include a buildup of lactic acid and liver problems. do not take biktarvy if you take dofetilide or rifampin. tell your doctor about all the medicines and supplements you take, if you are pregnant or breastfeeding, or if you have kidney or liver problems, including hepatitis. if you have hepatitis b, do not stop taking biktarvy without talking to your doctor. common side effects were diarrhea, nausea, and headache. if you're living with hiv, keep loving who you are. and ask your doctor if biktarvy is right for you. if you're living with hiv, keep loving who you are. ♪ ♪ we've always put safety first. ♪ ♪ and we always will. ♪ ♪ for people. ♪ ♪ for the future. ♪ ♪ and there has never been a summer when it's mattered more. wherever you go, summer safely. get 0% apr financing for up to five years on select models and exclusive lease offers. we saw the earthquake grace in bold was offering

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there's no v. constructive view on wall street is that we recover everything we lost maybe by the back end of 2021. tom: you go to a new level below. el-erian saidr. it is the square root thing. the point is the tangible suffering that is evident area it would be something that wasn't evident. it is tangibly evident. jonathan: for me, it is the labor market. are we going to have a 3% year-end? everyone needs to get real. it might be 10% at the end of today, maybe lower. fed is at about 9% year-end. who is seeing 3%, 4%? no one. it is a ridiculous conversation. you may see some recovered output, but to fully recover this labor market, that is what makes up for the people, it is going to take ages. tom: the claims number yesterday was a little bit better, but it is the level it is at. it is like the bathtub. are we looking at the water in the bathtub? the water is in very good. jonathan: we are continuing the conversation with ellen zentner, chief u.s. economist for morgan stanley, joining us shortly

transmit h-i-v through sex.e effects can occur, including kidney problems and kidney failure. rare, life-threatening side effects include a buildup of lactic acid and liver problems. do not take biktarvy if you take dofetilide or rifampin. tell your doctor about all the medicines and supplements you take, if you are pregnant or breastfeeding, or if you have kidney or liver problems, including hepatitis. if you have hepatitis b, do not stop taking biktarvy without talking to your doctor. common side effects were diarrhea, nausea, and headache. if you're living with hiv, keep loving who you are. and ask your doctor if biktarvy is right for you. and i'm an area manager here at amazon. when you walk into an amazon fulfillment center, it's like walking into the chocolate factory and you won a golden ticket. it's an amazing feeling. my three-year-old, when we get a box delivered, he gets excited. he screams, "mommy's work!" when the pandemic started, we started shipping out all the safety stuff that would keep the ass

v&a dundee. both: here we come! from v&a dundee, this is bbc click live!se yes, it's that time of year again where we leave the comfort of the click offices and go live to the world. or, at least, to a crowd of very eager tech fans. v&a dundee was the spectacular location for a show that took in everything from artificial intelligence to facial recognition. the museum not only celebrates the past, but also looks to the future. most people's idea of robots are shaped by the robots that they see in science fiction, so the kind of film or tv or video games or music. but robots are a bit more real than what we think. most children now will grow up will now grow up with siri or alexa, or some kind of smart helper in their life and i think, in the future, that's going to increase. we're going to have more robotic helpers helping our children and helping usjust increasingly more and more on an everyday basis. currently on display is the exhibition design between human and machine. so, rather than robots coming in and replacing us and replacing your jobs, i think

i was saying a v and everybody was saying a v is impossible. the v is beyond a v. it's a super based on the numbers that we have now! over the last three months we've gained nine million jobs nationwide which is a new record. >> reporter: but after having lost 22 million jobs the two months prior.me , you're talking about from a historically low point, right? >> sure. we have a long way to go. i'm not pollyanna. any stretch.k things are fine by but there are reasons, legitimate reasons for optimism. >> reporte on top of the several trillions in government spending bills to resurrect the economy, passed in congress, signed by the president, he has issued new executive actions. one: to continue extra unemployment benefits. ng>> for those who are looor work or who don't have enough work right now. they're goa get $400 per wk. of it coming from the federal government. 100 being matched by the states. and make sure thth they can pay r bills while they're still looking. >> reporter: so far, 32 states have been approved to offer the benefits but just two ve begun distribu

so we closed it down, and we're now opening it up, and it looks like it's a v. it's absolutely a v. but we're not going back to shutdowns now. we understand the disease. we understand the problems welled elderly, especially elderly with heart or diabetes or other problems. and we're able to take care of them. we understand it now. we're not shutting down. we've done really very well. the numbers are looking very good, by the way, in florida, texas and california. they're heading down. lou: right. right. and a lot of people don't realize those numbers, the combination between florida and texas never rose to a significant portion of the deaths in new york state. >> that's true. lou: to the point of opening this economy, anthony fauci, your, one of your doctors on the task force, saying that -- finally acknowledging very clearly and somewhat loudly that you saved lives and a great number of american lives by shutting down travel from china. finally a clear statement by fauci on that particular issue. there are other ambiguities that he's left hanging, but that one finally he is being d

transmit h-i-v through sex.s can occur, including kidney problems and kidney failure. rare, life-threatening side effects include a buildup of lactic acid and liver problems. do not take biktarvy if you take dofetilide or rifampin. tell your doctor about all the medicines and supplements you take, if you are pregnant or breastfeeding, or if you have kidney or liver problems, including hepatitis. if you have hepatitis b, do not stop taking biktarvy without talking to your doctor. common side effects were diarrhea, nausea, and headache. if you're living with hiv, keep loving who you are. and ask your doctor if biktarvy is right for you. if you're living with hiv, keep loving who you are. wow. jim could you ipop the hood for us?? there she is. -turbocharged, right? yes it is. jim, could you uh kick the tires? oh yes. can you change the color inside the car? oh sure. how about blue? that's more cyan but. jump in the back seat, jim. act like my kids. how much longer? -exactly how they sound. it's got massaging seats

inin the past, v videos of eu-d animals being mistatated in e middlele et and nonoh africa have caused a stir anim welelfareroups s ar asking to trtransport animimalo the closesesslaughter r house d then export the meat i insteadf transpsporting animamals thate still l alive. >> why are they trspororte ale and nonot dead? it's all a about the moneyey because unfortrtunately, it's cheaper r to transportrt them e thanan chilled meaeat,ecause yy need spepecial trucks s whichn cool t the meat, andnd apparey it's m more expensivive, they , thanan to ansporort e live animals. >> the german farmers' sosociatioagrerees tt long-distanctrtranspor f for ththe puose ofof sughterininan animal abroad are superfouous. >> in teterms of animals meant for slaughter, we'e're clearly agait t longisistance transports. but t it's a different situatin for r breeding animals. they s still have to p perfort their deststinatn, so ofof course, they have toto be tread wewell. >>>> animal righghts activiststs belilieve the reasason breedingg animals are export a and trad is thahat bor coststin some countries are c

we call it a super v rates is no longer v trades a super v and they didn't think that could happen intheir probably not happy about it. greg: trumbull probably talk about the wall. walls are one thing that doesn't change pretty much for forgetting anything else? >> two things don't change, walls and wheels. you can come back in 2000 years from now and two things will still be around wheels and walls. greg: is right about that and he no trump wants to hit back at every insult starting with biden's her home. >> is real home is a place he never leaves any more. he never leaves. greg: don't give away the store there. save some material for next week or what a contrast to. the dnc loves to show off their star power but aren't saved doesn't need mopey pop stars per day of term. he's more interesting than angry after. he has to be soft on crime cops hard-working americans often radical leftists capitalism and tough on the border. there you go. michael any advice? >> i grew with you 110%. trump is does. doesn't matter who he gets to be on stage at the convention did the media's going to hate

i was saying a v and every but -- everyone was saying a v is impossible, but it is beyond of the, itper v based on the numbers we have now, so we will see what happens and we will like to give additional money. it wasn't their fault they got hit by china, but you know what? we want to give them additional money and we will take care of the post office and has been a disaster for many decades. we want to strengthen the post office, make it good. it lost $78 billion over a relatively short number of years. $78 billion. i want to strengthen the post office and we can do it so that if you look, amazon and all these companies that now do it's a whole new business, they just drop a lot of it right into the post office and we lose two and three dollars every time we deliver a package. what's that all about? and he gets richer and they get richer, how smart is that? for every package they deliver, it is two dollars, three dollars a package, so why aren't they raising the prices to amazon and these companies that are making all this money? [applause] instead, we pay for it and they always see

transmit h-i-v through sex.ide effects can occur, including kidney problems and kidney failure. rare, life-threatening side effects include a buildup of lactic acid and liver problems. do not take biktarvy if you take dofetilide or rifampin. tell your doctor about all the medicines and supplements you take, if you are pregnant or breastfeeding, or if you have kidney or liver problems, including hepatitis. if you have hepatitis b, do not stop taking biktarvy without talking to your doctor. common side effects were diarrhea, nausea, and headache. if you're living with hiv, keep loving who you are. and ask your doctor if biktarvy is right for you. if you're living with hiv, keep loving who you are. unlike ordinary memory want supplements-ter? neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. memory, focus, accuracy, learning, and concentration. try our new gummies for 30 days and see the difference. >>> welcome back. chris williams had just told investigators about a bizarre int

bajo contro >>> el toque familiar, los dieron los cinco nietos de joe biden y la oraciÓn estuvo en vrendo latino >>> se conmemorÓ la muerte de george floyd y se conociÓ la labor de los que combaten el covid-19. se escucharon las v voces de miembros del partido como el gobernador y antiguos adversarios como (nombre ex extranjero( y bernie sanders >>> julio, auditorio, el partido entre los discursos que estÁn programados tomÉ nota estarÁ la representante y el ex presidente bill clinton >>> aquÍ tendremos el reporte completo >>> desde el otro lado, aquÍ t estÁ la convenciÓn del partido acusÓ a su rival de ser una marioneta dentro de el partido d demÓcrata y lo comparo con el socialismo vÉlez solano >>> estuvo en wisconsin, expliÓo porque el que merece votos de ese estado otra ve >>> de cara a noviembre, hay una encuesta que saliÓ, un grupo dedicado al grupo latino y los latinos tendrÁn prioridades, y la salud, la mitad de los latinos dice que puede haber afectado por covid-19. >>> que la debido al buen manejo de la crisis, en el mes de mayo eso explica el porque dos de cada latinos busc

transmit h-i-v through sex.reatening side effects include a buildup of lactic acid and liver problems. do not take biktarvy if you take dofetilide or rifampin. tell your doctor about all the medicines and supplements you take, if you are pregnant or breastfeeding, or if you have kidney or liver problems, including hepatitis. if you have hepatitis b, do not stop taking biktarvy without talking to your doctor. common side effects were diarrhea, nausea, and headache. if you're living with hiv, keep loving who you are. and ask your doctor if biktarvy is right for you. if you're living with hiv, keep loving who you are. did you know liberty mutual customizes your car insurance ta-da! so you only pay for what you need? i should get a quote. do it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ cool? drop the taco. get in the car. does this sentra feel like a compromise to you? wait, what...? the handling is good, right? no compromise there. nope! watch this... umm... b-brie...brie brie! rear autom

i should not go outside, make sure i lhave v:pth> and !his unfortunately. if you've.ine. we want to start ofwith your weather just lkinteg about tha air qualy, we spare the r alert here is a live lat the what was this wd 70 degrees in the 90s in santa and napa. same 68story for concord, bwal creek gits, so d news the winds are ramping up. that is partly to thsea breeze 39

this comes as s "southside week" reports s there is no bodydycam footage orny v vid evidedence of latrell allen allegedly shooting at p police officers. allen's brother, who was with allen at the time of sunday's shooting, told "the chicago sun times" that his brother hadn't fired at police. another witness told "southside weekly" a police vehicle drove toward allen at high speed, jumping a curb, causing allen to panic and run. the shooting sparked massive protests in chicago, where over 100 people were arrested overnight on monday.

verÓnica tuvo el v u virus y prefiere que su hija aprenda de cas >> yo tambiÉn por medio de mi trabajoÉ el viru >> esta maÑana la secretarÍa de educaciÓn reitero su postura po abrir seÑalando los daÑos ocasionales en los menores que no asisten a clases es por lo que en arizona han reabierto solo para alguno >> lo que hemos hecho es hacer categorÍa de estudiantes >> en varias lugares han reabierto y ya hay contagios, tanto en la florida un estudio indica que el 77 por ciento de los padres de familia creen que es peligroso enviar a sus hijos a la escuela

. >>> another player hits the battle with tiktok the v is here, ahead >>> dom chu is here with the key numbers. >> the key numbers is 3335 that is our introductory level kelly, as you said, a big debate about whether all the good news that could come in the coming months is baked in the marketplace right now. the dow industrials, flat for the day. not a heck of a lot of movement so far the s&p, 3395. that is our new record intraday level for the s&p 500. the nasdaq trailing the pace as it has for the last several months checking out some key trends what got us to this record level? it's technology and materials and consumer, the best three sectors right now. two stocks, both of them at record highs in just the last couple of days, both reporting earnings home depot it was at one point right after earnings, positive in the pre-market session. that trend has been lower for most of the day now. let's put it in context. again, a record high for this stock. you can see in this particular chart for the one-year basis, yes, record high levels here a couple days ago, so that's big the other on

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this is what is left of the v. v. s. bank and pendants headquarters with the remaining a.t.m.'s insights but many shareholders and investors us till hoping to get back their money. for decades richard mouw who was a member of a funeral savings club together with $200.00 families in the village each family paid around 5 euros a month if a family member died the funeral costs were covered. the treasurer of the funeral club has a letter from vs bank the club had around $25000.00 euros and its account that would give me. yes if in this. they do get the terms through because the money i will buy the b.s. because people are busy looking beyond the money for them so the central bank launched an investigation and published a shocking report 2 years ago the equivalent of around $100000000.00 euros went missing and more than 50 people are accused of benefiting from its several members of the bank's management which ah but the report also shows how politicians profited including those in the ruling party they are said to have taken kickbacks so that the local districts would invest in the

that is not just a v. that is a super v.hether it is manufacturing or housing or jobs or the auto industry. but it is also very important to point out that the other party speaking of cars, they want to ban cars. they want, radical green new deal. the radical democrats, joe biden just put the most liberal senator in the united states senate, a cosponsor, original cosponsor of socialized medicine, bernie sanders's plan, initial cosponsor of aoc's government take over of everything else. so it is very important to show that contrast, that yes, this v-shaped recovery is humming. but guess what? if that all goes away, if the democrats take power. we have to reject that. and their trillions of dollars in tax hikes. their absolute destruction of the u.s. economy that comes with it. charles: what i'm saying, liz, those charts. i saw them yesterday. i cheered. i put those kind of charts in my show every day. i'm a real crazy person when it comes to this sort of data. i dig into it. i would like to share positive good news, to your p

-- the v-shape, and not everybody agrees we are getting a v-shaped. i know you're optimistic, but i was just wondering whether you got that message might ring hollow to some people listening, thinking, what is he talking about? mr. kudlow: i think americans tend to be helpful. i think americans are meeting this challenge in a brave way. i think they know the government is doing what they can to assist them through this difficult period. i think they appreciate that. you will hear more from president trump on that this evening. you heard the vice president last night. i think the challenges are there. we are doing everything we can. i will say, you for being in the past, the underlying economy was in excellent shape -- you have heard me in the past, the underlying economy was in excellent shape pre-pandemic. with energy, better trade deals, i think that set up the economy. the pandemic was a killer. on the other hand, it is a national disaster. national disasters do pass. i do not know exactly when. it looks like it is abating. i am hopeful that contin

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what is the next step for central banks looking at a non-v-shaped recovery? what more can they do he echo -- what more can they do? bhanu: this is the key point, not much. in the last three months rake evens have done the job of taking interest rates lower -- last three months, breakevens have done the job of taking interest rates lower. if they are going to do it in three to five years with the control balance, they have oaken about, and considering the rba at the moment for that, which is 023 years, it completely priced in. they cannot surprise on the upside. the only question is, if they are going to target average inflation, is that going to be credible? to hit really struggle core pcm for any length of time in the last 15 years -- and i personally think it is going to be difficult for them to push inflation expectations much higher. this is not just the u.s. look at japan, look at europe. these folks have not been up to pay down the interest rates, unlike the u.s., because their inflation expectations have not picked up. francine: thank you so much. bhan

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the market still believes in the v-shaped rebound. of weeks will show the hard data coming in for the month of july, whether this v-shaped rebound would actually also be the v-shaped recovery. and i have my doubts there because we will have so many second round effects. look at the labor market. we've got businesses going bust. i think that this v-shaped will become something like a j shape recovery going to the last quarter of the year. matt: how much of a concern is the second wave of the coronavirus? it does seem that most governments have rejected the idea of future lockdowns. but clearly the populace is worried about it. i mean, there were at least 100-200,000 people on the weekend,let's a over the protesting masks. how much of a concern is this? carsten: the economic outlook, obviously there is a concern. if you that now as governments try to keep it local and regional. we've had a couple local lockdowns already. the biggest concern, obviously, would be another round of national lockdown's. but even more regional, more local loc