as senator warner said, it is not too late. there is still a lot of money available for small businesses. we need outreach coordinator's. county andrfax prince william county to use some of the money from the cares designatee or outreach coordinator scoop -- coordinators who can help these businesses navigate the loan process so they qualify and get assistance. the other thing we did was extended the timeline from eight weeks to 24. that is important as well businesses because they weren't still reopened after eight weeks. it makes sense to put people on the payroll once they have reopened then during a time in which they have no business. after eight weeks they will have to let those people go. flexible somore businesses could use 40% of that and for overhead and rent 60% for keeping people on payroll. the original will was 75-25 -- bill was 75-25. sen. warner: one thing i have been thinking a lot about, not directly part of heather's question but as i am talking to businesses all the time, and restaurants are the prime exampl

warner music group is the label for artists like bruno mars, ed sheerhan and cardib. the company will likely price toward the higher end of the range which will allow the family to get a is $1.8 billion payout warner music won't receive any proceeds from the sale warner music and several other deals are helping reopen the ipo market which was slammed shut due to the volatility that accompanied the pandemic >> i know there's been back and forth in the music industry and streaming industry in the last couple of years, but huge credit goes to him for seizing this asset in 2011 when the music industry was still kind of on its knees in trying to figure out how to be profit nbl the age of streaming and online music

i'll make that mark in blood right now if you want. >> what would ol' solomon warner do? sure his great-great granddaddy would tell him to sit tight. he's positive the frontier merchant is somewhere off in the sunset, grinning. >> for him to know that his jeans that he left after his passing were worth $50,000, i think he would think the world has gone crazy. >> now, that's some tailor-made "close" from an heir not only left big shoes to fill, but a big pair of pants to boot. >> everybody has a pair of their favorite super-comfortable, worn-out jeans, right? these are mine. i can't believe i'm wearing them on a shoot, but i wonder what old levi strauss would think of clothing stores selling pre-ripped denim, often at two or three times the cost of a pristine pair. what's up with kids these days -- too lazy to wear out their own jeans? i'm jamie colby. thanks for watching "strange inheritance." and remember -- you can't take it with you. >> you want thrills, you'll get them all at the roller derby. >> talk about hell on wheels! >> she's the paragon, the symbol for roller d

and, again, i got to complement warner media.on't know that what i wrote caused them to do what they do. they did it so swiftly i have to believe that warner media was prepared to do this. >> but let me ask you, you don't think -- you don't think that it would backfire in a way, more people -- it's at top of amazon's list, best-seller, best sales chart for tv and movies. more people are going to end up seeing it without the context. >> more people are going to be seeing it because they know that the context is wrong. so, look, don, we could put -- you pick a film that is more depthful about that era before or after it. you know there are individuals who don't have that capacity to absorb that. whether it's about slavery. whether it's about any of the horrors of history, but to ignore that, to not force people to try to reconcile what they believe with reality -- >> okay. >> again, i know you're playing devil's advocate, but what is the objective? to do nothing? >> yeah. >> you know, the other side of it is to do nothing. so, yeah

great to have you with us on warner music.ing up next, he ran the defense department, the cia, and was chief of staff to president clinton. leon panetta is here to give us his thoughts on how the government handles the series of crises we are facing right now. that is coming up next on "balance of power" on bloomberg television and radio. ♪ ♪ >> the option to use forces in a law enforcement role should only be used as a last resort and only in the most urgent and dire situations. we are not in one of those situations now. i do not support invoking the insurrection act. that was the secretary earlier today, saying he disagreed with the president's suggestion that federal troops could be sent in to quell some of the civil disobedience across the country. welcome to somebody who had that job, as well as being director of cia and the chief of staff to president clinton, leon panetta and the founder of the leon panetta institute. thank you so much for joining us. you have been in the room when all sorts of very difficult situations

to their doctors and so you've got a whole cohort of kids and they didn't get vaccinated kaine and warner along with 15 other senators are asking the centers for disease control. >>to develop a plan to reverse the trend. >>what is the plan to make sure that we continue z the laudable focus that this nation has had. on vaccinations to keep families safe. both came in warner see the lack of immunizations against measles and other vaccine, preventable diseases. >>could lead to new problems in the future it also creates a health care crisis. if you've got kids in our getting immunized they also want the cdc to ensure children are a priority. the coronavirus vaccine becomes available when the vaccine for coronavirus is about children shouldn't get in the line. the cdc hasn't responded to the senator's yet or to our request for comment. but kaine and warner hope the organization focuses on more community efforts and public education campaigns to make sure children get the protection they need. reporting in washington on diesel john. >>coming up not everybody lost money during the pandemic in fa

predict that is the number of streaming users to quadruple in a decade and warner music's market capr $14 billion, that's about $11 billion more than what the company was bought for 9 years ago. >> thank you very much now let's turn to zoom info, the other, other zoom, leslie. trading slated to start tomorrow we have news on pricing? >> yeah, that's right. zoom info raised the price range yesterday morning if you recall and i'm hearing of two sources to aim to price $1 above the new range and the ipo to come in about $21 a share. above that new range. that means the ipo would come in about $21 a share, raking in about $1 billion final decisions will be made after the market closes. zoom info is not to be confused with the zoom video conferencing service. zoom infoep uses artificial intelligence to process data that can help support sales and marketing teams and their customer outreach. the company is backed by 21 capital, none of which are selling shares in the ipo at this time. henry shuck is the ceo and started the company while he was in law school by putting $25,000 on his and hi

a lot to talk about as warner music enters the public markets.ore "squawk on the street" after this ♪ we could never do what they do. but what we can do it be a partner that never quits. verizon is the most reliable network in america. built for interoperability and puts first responders first, giving their calls priority, 24/7. we do what we do best so they can too. >>> welcome back to "squawk on the street." as our viewers know, we typically follow mergers and acquisitions here when there's an announcement of a significant deal in the current period it's been much more of a he foct focus on that are in jeopardy, those that have fallen apart by mute cal agreeme mutual agreement and one side trying to get out of a contract. tiffany is now on the list of deals that are concerning for investors who are hoping they'll happen you can see where the shares are headed now the question is whether or not lvmh will follow through on that deal one of the largest of last year when it was announced. $135 a share, all cash a huge deal for lvmh to acquire tiffa

it turns out that today was a good day for warner music to be going public.on't see how investors are not rattled by what is going on outside of wall street. what is your take on this? agree, i think theres ipo really showed was a big divide in this location between the overall cap, a versus the market couple thousand public companies and the strength of this ipo. others a sense you are that, it is a bit perplexing. it seems to be a bit of a new normal between what has been going on over the last weekend and also the coronavirus. let's start with one of music. -- >> let's start with warner music. why the optimism? >> this is a company that could go out as a public listing in the current environment. they were prepared to do so. warner was basically a company on the precipice of going public. it had all of its ducks in a row. to turn on the switch and hadtivated, they already meetings in place with bankers, they did a lot of the formalities in january and february. i think that combined with household names, they had pretty solid performance to the streaming m

eastern, virginia center mark warner and democratic osman gerald connolly hold a townhall discussion to talk about issues such as police reform and covid-19. live coverage starts at 1:00 p.m. eastern on c-span 2, online at c-span.org, or you can listen live with the free c-span radio app. >> c-span has unfiltered coverage of congress, the white house, the supreme court, and public policy events. others watch all of the affairs programming on television, online, or listen on our free radio app, and be part of the conversation through the c-span program. c-span, created by america's television companies as a public service and brought to today by your television provider. >> today marks the 57th anniversary of the assassination of civil rights leader medic are actors in -- medgar evers in jackson, mississippi. more about the tragic events. >> for many of us that have gone thiseas, fought for country, fought for mississippi, for alabama.ht we fought for north carolina. we fought for illinois. we fought for every state in this union. now we're going to stay here and see the things that t

tom: 8000 shares of the warner music root c -- the warner music group corp. you can pick an ipo.n ferro driving our conversation. in the middle of the morning he will have important update on the politics in washington. initial public offerings, i assume somewhere in march they were dead, but they have come back with a vengeance. it is not that they have come back, it is the way they have come back. much like the italian bond offering of today, the amazon offering up a few days ago, it has been a shock. initialger writes on public offerings and joins us. how did we get back to ipo's so quickly? rew: good morning. it is nearly a 40% rally in the stock market since mid-march. companies are looking to raise cash while their stock is rising. agoturns versus a year might not be what we expect into 2020, and the market is red-hot. are looking at volumes similar to what we saw before the pandemic took hold, and also a lot of the ipo's we saw over the past few weeks and months have performed vastly better than other shares. can you talk about why that is? drew: ipo's are riskier than inv

by the way, i commend warner media for that. >> so listen, cnn is part of warner media.'s just talk here because i worry about art, "huckleberry finn" and taking the "n" word out. historical context you need to explain because a lot is taught in history. you're not concerned this is going to go too far? where does this end? >> yeah. argument is built on fact. when you say go too farr, i would say that "gone with the wind" and other films from the south that got their woots on went just as far to perpetuate the sense that the confederacy was noble, that it was about something more or better than subjecting humans to commerce, to be treated as commerce. so you're saying that actually studying that era and knowledge, don, you're playing the devil's advocate, you don't believe that, but on the other side of it, we're here where we are because of films like that. we in hollywood, look, you said jaylen, he could not be more on point about what we all have to

and i would not put warner on that list. >> jason, it's morgan.peaking of founder authority, facebook, obviously -- >> oof >> -- a hot topic of debate and controversy right now both within the company and within society at large i want to get your thoughts on that, especially given the fact that i did see your tweet about funding of potential alternatives what details can you give us on that front, too? >> yeah, well, i have never trusted zuckerberg i think he's bad for the industry i think he's bad for society and we've proven that out. he does not have the moral compass or just really the ethics or morals to run something at this scale. it's not in the best interest of democracy for him to be in charge of so many users. the reason he is cozying up to trump and taking trump's side is because he wants to buy the next instagram. because, let's face it, zuckerberg's never created anything original in his life. facebook was a copy. instagram, he bought whatsapp, he bought. and then stories, he stole from evan spiegel i think he's a thief who just ste

warner, the home of major labels, atlantic records, asylum, warner classics among others, also have artistsluding cardi b, ed sheeran under their umbrella and offered 70 million class a shares at $25 per share this morning. that put the value of the company at $12.75 billion. analysts say the growth of streaming services has given a very big boost to music companies in recent years. right now, that stock stands at $30.13, a full gain of 20.5% for warner music group. wmg is the new ticker symbol. >>> public and private leaders coming together today and certainly at this hour to address some key issues that have sparked racial tensions and riots across the country. you are looking at this live picture of the scene in west hollywood, california. a very large group here and what we are hearing on the ground in west hollywood is that yes, plywood is up and around many of the stores there but what the store owners have done is they have put messages of support and love directly on to those plywood boards. let's get to charlie gasparino. he's got the pulse of what wall street is doing here. he's j

warner bros. the release date for second time of the espionage thriller, and it's starting john david washington and robert pattison july 31 -- august 12 as new cases of coronavirus hit levels across the u.s. the delay? movie theater owners, amc, cinemark and imax because they are all flopping into the close, amc down to present. i maxed down three and a quarter cinemark is down five and a third period not a great day for those. two weeks since getting the green light to resume filming of movies and television shows, let's bring in behind the scenes look, cofounder and chairman stuff. you developing news, what are you seeing in hollywood because you're the guy matches finance here scripts, etc., to make what you're seeing. are we going to see coming again? >> first of all, entertainment industry has always been a non- correlated asset class. when they are crumbling, entertainment is relatively stable and during a pandemic, everyone stuck at home, watching for content so we never saw a slowdown in

senator alexander has led this fight with senator warner and others to restore our parks. teddy roosevelt would be proud of you, senator alexander, of what you've done in leading this charge and all of us working together, putting these two bills together was a master stroke, i believe. on how we could come together. there is enot one person here that i believe -- we have a few of our friends that have some challenges. we're going to help them as soon as we get this bill passed. in west virginia, in means the world to us. it has benefited our state since 1965. 54 out of 5 counties have benefit -- out of 55 counties have benefited by it. whatever you think we've been able to do and whatever has happened, we can do twice as much. we'll be able to do twice as much on a regular basis. so i'm proud to be part of this. i'm proud to work with all -- senator heinrich worked with me tonight. our staffs worked together. senator daines and gardner and everybody has worked very close on this. they just pulled us together. i hope we can stay together and keep this spirit of bipartisans

senator warner? sen. warner: i want to go back to some of your answers of senator wyden. [inaudible] i did not hear the first part, senator. >> i am really, really concerned with the comments -- [inaudible] i say that is a former governor and a somebody was a lot of respect for my republican colleagues, who talk about the state elections are the state responsibility. twice,sident tweeted threatening to hold up funding in-state work to adopt vote by mail. saying there would be evidence there would be cheating. it is ironic since, and the president himself votes by mail. why theexplain to me president directs you to carry out those policies and you will carry them out. what kind of statutory or constitutional -- where do you think you have authority as only curtail anen be to election process going on in the states? mr. vought: i have a profound respect for congress and a profound respect for article one and the power of the purse that congress holds. ,s it pertains to the question i responded by saying accomplishing the president's objections in accordance with the law --

in a few minutes we'll speak to one key player virginia senator mark warner.morning. dow future down by 211 points. as we head to a break check out the price of gold. i want closed yesterday at its highest level since k of 2022, gold is on pace for its best quarter in four years. it's up another $4.30 this morning. $1,786 stay tuned, you're watching "squawk box" on cnbc terrain. helping you fill portfolio gaps. connect to client goals. and strengthen confidence in you. flexshares. powered by over a century of investment expertise. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. we hope you find these digital solutions helpful to bank from almost anywhere. deposit a check with your phone or tablet. check balances, pay bills, and more. send money to people you know and trust with zelle. explore all you can do with our digital tools from almost anywhere. pnc bank. >>> welcome back to box this morning. take a look at the futures right now.

peter thompson for this report by agree with so much of what senator warner said. we live in cynical times. people correctly or incorrectly government.the i've been in and out of government for 25 or 30 years, and i always tell my constituents on the occasion as bad as it looks on the outside, you ought to see it on the inside. and inspectors general health balance that and both of them are important. just recently, i had to sit on the judiciar judiciary committei was very proud of the work done by the inspector general hurwitz in the justice department. i am convinced that we would have never known about the abuses of t the fisa process at the fbi committed by a small group, of people. so this is an important job. senator rubio did as usual a superb job of welcoming peter and also patricia and their daughter. peter green is a very unique background to this position. right now he works in a law firm in new orleans. i'm not going to tell you that it's the best law firm in louisiana, but the list, they don't hired dummies and the list doesn't take very long. he has t

senator warner? >> thank you. it is good to see you, chair powell. i don't know if you saw, ben bernanke and 130 other economists wrote to congressional leadership and released a letter pointing out the additional need for stimulus and that we have a $16 trillion hole in the economy that needs to be dealt with. out hower also pointed enormously damaging the covid-19 crisis has been to communities of color. i think we saw that as well. we all applauded the main unemployment numbers. know, thel unemployment numbers for black americans still went up. if i think there is a common point, the great recession indicated a prolonged economic downturn will seriously damaging -- damage wealth accumulation for all americans. but particularly for families of color. a subject that you and i talked about a number of times is the important resource for these -- provide anat that they provide long-term low income in these neighborhoods. 's, any of at mbi these institutions are held back from boosting investments because of lack of capitol or limited access to liquidi

at&t's reported sale of its warner brothers interactive entertainment unit which boasts blockbusters including mortal combat and likely acquirers electronic arts and aboutivision belied and, take two as well are all jumping higher we've got ea up 4 1/3%, but look at at&t it's also see ing a gain of about a quarter of a percent. former bodybuilding star arnold schwarzenegger shows he's got the muscle to move at least one stock. look at genius brands it's getting lifted by 9% right now, on news that arnold is going to star in and co-produce a new animated kid series for the children's entertainment company. now, under the agreement the terminator star will receive warrants which of course would make him an investor. a little bit of incentive there for him to do even better. well if you bought this stock at just the beginning of the quarter you must be a genius because the stock just quarter to date is up 1,541%. investors who pause into hertz rental car stock last week during a fender bender at this hour after filing for bankruptcy a week ago, hertz was granted permission to sell $500

and at 1:00, virtual town hall senator mark warner and representative gerald connolly. >> american history tv on c-span 3, exploiting the people and events that tell the american story every weekend. saturday at 6:00 p.m. eastern on the civil war, the 1863 richmond red riots, where hundreds of poor and working-class women protested inflation. and four films from the 1940's and 1950's profiling the auto, restaurant industries impacted by the coronavirus pandemic. and the restoration of indian lands and a new era of self-government. exploring the american story. watch american history tv this weekend on c-span 3. >> next, a hearing on voting rights and election safety during the coronavirus pandemic. a house administration subcommittee held a virtual hearing with witnesses including the naacp legal defense and educational fund president sherrilyn ifill. topics included vote by mail expansion proposals, polling place safety, and the impact of covid-19 on presidential primaries in wisconsin and georgia. >> the subcommittee's --

eastern, virginia senator mark warner and gerald connolly hold a town hall discussion to talk about issuesuch as police reform and covid-19. 1:00coverage starts at line at c-span2, on c-span.org, or you can listen live in the c-span radio app. >> used the congressional directory for members of congress, congress, and federal agencies. order yours online today at c-spanstore.org. l" continues. host: joining us now is governor asa hutchinson, republican of arkansas from little rock, arkansas. guest: good to be with you. host: update our viewers about a recent rise in covid cases in your state. guest: when you look at arkansas early on as the other states in the northeast spiked and had so many cases, we were very flat. growth in ourttle covid-19 cases, and then in the last two weeks we have had a significant spike, particularly in northwest arkansas, northwest part of the state which is one of our more high density growth areas of the state. that is what we are watching carefully. we still have fewer than 200 deaths as a result of this virus here in arkansas. we have fewer than 200 hospitali

they're being bought out by borg warner, late quarter 3 or quarter 2 or quarter 3 sometime. now i need to better understand how that affects the company's value when it buys out another company like that, or is there more value in selling -- >> borg warner is down the next one is to run i know when i say run, there are people actually running stocks these days they ran the hotel now they're running the airlines the next thing they're going to do is they're going to run the autos. that's just my prediction and borg warner is the one they're going to run magnum is the best in the segment. you know what i mean go read my besought entwitter file i can't bear to get through. disgusting frankly i'm disgusted by it. i don't need twitter any more than the president -- oh, no, the president needs it, i forgot i think we're looking at a b-shapbv shaped recovery, not the economy. this is the one for the stock market the economy is live long and prosper. you may not enjoy what's about to happen in the real economy. i'm sitting down with house speaker nancy pelosi to talk employment, reo

the sales could value warner music and more than $13 billion.t is your bloomberg business flash. francine: as we continue to track the virus, bloomberg has developed a partnership with the leading authority on covid-19. johns hopkins has been on the forefront of the responsibilities and every day bring you insights from public health, infectious disease, and emergency preparedness. joining us to discuss all of this, professor of emergency medicine. thank you for joining us. we look at the protests for the last week in the u.s., how does that impact how you deal with covid-19 and the covid-19 response? >> that is a great question. exposedal covid 19 has systematic injustices that people of color are suffering every day. well over 25% of the known covert related deaths are in african-americans. -- covid related deaths. looting, thesed events are places where the virus can spread easier. you see places where yelling and singing and chanting or coughing and sneezing from tear gas or pepper spray, all of those things can further spread virus or calls

warner: mr. president, i timing has worked out pretty good. it is great to speak on this piece of legislation after my friend, the senator from tennessee, has just completed speaking. we're hearing i think some classic legislating coming from senator alexander. he was very generous in his compliments to senator manchin, to senator me -- to senator warner, me, to senator daines, to senator gardner. but we all know that we wouldn't be here on the cusp of passing the most significant piece of environmental outdoor lands legislation if it hadn't been for the leadership of senator alexander from tennessee. so many of us who've had an opportunity to work with him and become friend with him over his years in the senate have tried to emulate him at times, listen to him all the time. he is a senator that i wish we had more of in this senate, that says more often than not, let's not worry about who gets the credit. let's just get some things done. there were two pieces of legislation that had to come together. there was the challenge of getting the admi

warner: i know my time is up. i would just point out when we have 40% of americans who are making less than $40,000 a year out of work, disproportionately in lmi communities, i think that is a broad-based community -- broad-based problem country has to address. senator purdue? is senator purdue with us? we will move on until he gets back. senator tillis? tillis: thank you, mr. chairman. can you hear me? yes.crapo: sen. tillis: thank you, chairman powell, for being here. i just heard an echo. i think i have corrected it. i am kind of curious. --now that vice chair coral vice chair quarrels they while beck talked about adding c-carts to see car -- stress testing. i'm sure that is partially a national -- a natural evolution of what you see is working and not working. i heard recently they are going to add another layer focused on the circumstances we find ourselves with with covid-19. that i haveoncerns with that is, number one, i think the banking institutions with about twice as much capital as they had after the f

listing price as it debuted on the nasdaq warner listing the first debut in the u.s.ce the beginning of the pandemic the music label hosts artists such as lizzo, ed sheran and bruno mars >>> the video conferencing app zoom raised $945 million. priced at $21 per share above targeted price range let's look at futures. a bit of red on the board. following similar of what we have seen in europe. underperforming european markets. s&p 500 posted the longest winning streak since february as of yesterday despite protests taking place across america it continued yesterday and value. it will be interesting to see when wall street opens whether they see a little profit on that trade, which is what we are seeing in europe today on that note, let's take a look at auto stocks here in europe. a few factors driving down those shares the top down trade into the more valuable sick call market as investors look towards the reopening. now questioning whether that reopening trade is priced into the markets. the german stimulus package also potentially driving auto trade it has come under

yesterday, warner music did really well.minfo, based on conversations i've had, there is a lot of demand if it does go higher, that could indeed show that this coronavirus way of doing ipos could be here to stay. >> all right, leslie picker. we are glad you are back to stay you know i'm a loud guy. whisperi whispering great to see you take care. >>> still ahead, one possible reason stocks are going up that gets almost no attention we are going to talk about it and get reaction from one big-time money manager a way to look at the market. dow futures are up about $1.5. we are back after this across america, business owners are figuring things out. finding new ways to serve customers... connect employees... and work with partners. comcast business is right there with you. with a network that helps give you speed, reliability and security. and enough bandwidth to handle all your connected devices. voice solutions like remote call forwarding and readable voicemail. and safe, convenient installation. when every connection counts,

warner music delayed the pricing of its ipo until today.pany wanted to avoid selling shares on a day the music industry set aside to support protests against police brutality. the sale could value warner music at more than $13 million. that is the bloomberg business flash. tom: thank you so much. greatly appreciated. this is great. i did it know this before this crisis. we have all learned things out of the pandemic. one thing i have learned to do is use the bloomberg terminal on your cell phone. you can get the bloomberg terminal just to get it on your stupid cell phone. you don't need a fancy terminal. francine has a terminal at her summer place in italy, she has a terminal here, it's a status thing. i will bring the data, futures up. francine, italian bonds on a tear. francine: i was going to say the only thing you want to watch on your cellular phone is what italian bonds are doing. strategists are saying they are delicately poised ahead of the ecb's meeting. the risks are setting them up for a correction on the front end in the absence

chairman,ly yield back >>> thank you, senator warner. >> thank you, mr. chairman if is good to see you chair powell i don't know if you saw but ben b b bernacke and 130 other economists wrote a letter saying we have a real need for stimulus also how enormously damaging the covid 19 crisis has been to communities of colors. i think we all applauded the may unemployment numbers, but as you know the unemployment numbers are still going up and i think there is a common point of evidence that a prolonged economic downturn will damage the opportunities and welt ac m accumulation for all americans a suggest that you and i have talked about a number of times is the important resource for these communities. that they provide and that they provide long term investments in these neighborhoods. but as we look at ndis and cdfis, many are held back from boosting investment because of lack of capital or lack of access to liquidity and other organizational limitations would you agree that the building capacity at these institutions could provide a significant response to

again, i've got to complement warner media. i don't know that what i wrote caused them to do it. they did it so swiftly i have to believe they were prepared to do this. >> let me ask you this. you don't think that it would backfire in a way, top of amazon's list, best seller -- best sales chart for tv and movies. more people are going to end up seeing it without the context. >> more people are going to be seeing it because they know the context is wrong. look, john, we could put -- you pick a film that is more depthful about that era before it or after it. you know there are individuals that don't have the capacity to absorb that, whether it's about slavery, whether it's about any of the horrors of history. to ignore that, to not force people to try to reconcile what they believe with reality, again, i know you're playing devil's advocate, but what's the objective to do nothing? >> yeah. >> the other side of it is to do nothing. so, yeah, people are grabbing it, buying it. the people that have bought it since it was, i don't know, first available on home video and ""the wizard of

and with that you're up to date don't forget you can always get warner website dot com you can also followon social media thanks for watching take care. combating the corona pandemic. where does research stand. what are scientists learning. background information and news. hour carona update. 19 special next on d w. how does a virus spread. why do we. just through the.

i want to thank my good friend senator lisa murk murkowski for working with us, and senators warner, daines, king, alexander, and heinrich for working on the land water conservation fund and the deferred maintenance funds joined together. lwcf, this bill would realize a goal that so many of us in this body have fought hard to attain for so long to provide permanent, mandatory funding for the land, water conservation fund at its fully authorized level of $900 million annually. last year the senate passed a public lands package by an overwhelming vote of 92-8 that permanently authorized the lwcf, the most successful land conservation program in our nation's history. a vote that is bipartisan is unfortunately unheard of today and speaks to the overwhelming popularity of conservation programs in every state in the country. the day after we secured permanent authorization of lwcf, made it clear our next hurdle was achieving mandatory full funding. the great american outdoors act includes the mandatory funding bill i introduced, along with a lot of help from my friends on the democratic an

new exclusives the so the two they just added were kim kardashian's innocence project as well as warnerthers and d.c. comics but that was right off the backs of joe rogan and the sports network the ringer which is bill simmons' network he came from espn. these are four that we've did some much deeper work on, i would say, to just sort of think about the monetization >> does this mean you have to be less constructive on apple music? >> no, not necessarily the i think apple music, you know, spotify and apple butt heads, have been for some time in, you know, in the u.s they both have buyer estimates, you know, roughly 30, 35% share. that will continue i think spotify has a much better position in offense outside of the u.s and that's where i think spotify really shines. as it relates to the exclusive genre, i think they'll step up a little less enthusiastic about apple's, you know, moves in the content space which we've seen elsewhere. >> mark, to what extent is spotify a stay at home, work from home stock? what happened to usage since the pandemic came on us and the shutdown started >> ye

. >>> warner music group making its market debut today at the nasdaq the stock surging 19%.s ceo stephen cooper earlier on "squawk on the street" for his outlook for the industry >> when you look at not only the mature markets but the emerging markets, streaming has from our perspective still meaningful, meaningful growth. the number of people utilizing streaming, when you look at that number versus the smart device population, we're still in early stages >> pretty nice debut what does it tell you, mike santoli, anything about ipos, the appetite for these kind of stocks >> well, the ipo etf is at an all-time high, up 90% off its lows there's a thirst for new names not in the index and also there has been a scarcity of ways to play streaming music, just the overall trend. obviously spotify has done relatively well. all that stuff i think is in the mix right now. a pretty good market willing to take it. >> all right two minutes to go. there's the warning. mike santoli in the market internalings, what do you see? >> it's been positive. more than 80% of new york stock exchange v

they include netflix, disney, at & t's warner media, and fox news itself has denounced the arrest of a cnn crew. the journalist at the warner media run cable network were handcuffed on live television while covering a protest in minneapolis. they were released an hour later with no charges. with so much chaos going around the nation, no surprise that police body cam and equipment makers, digital ally and axon enterprises are spiking. digital ally up 71%, axon enterprises, the parent of taser, is up 16.6%. they make surveillance equipment as well. so a move there certainly on those two names. >>> we are now day seven of these protests. we turn to our team fox business coverage. our reporters on the ground covering economic impact of the protests and the riots gripping the nation. kristina partsinevelos is live in new york city graineand grad trimble is live in chicago. we want to begin with kristina. obviously union square protesters are starting to trickle in i guess for another day of demonstrations against police brutality, sparked by the death of george floyd at the hands of that

. >> and new this morning, warner brothers is taking down the wall for the film "just mercy" for the month of june to support the blackout tuesday. it chronicles brian stevenson's fight to free wrongly convicted death row prisoner walter mcmilan. it's free on all digital platforms. >> powerful movie. >>> it's 4:53 now, and two kittens rescued thanks to a sharp-eyed animal lover. where they were found that could have left the story differently. >>> a live look outside, and this time at the city of san jose on this wednesday morning. remember, kpix5 wants to bring you the good news happening in the bay area and connect you to people looking to help. go to kpix.com/together, and you will find stories of how we are better we're here for you and we're open. wow. i'm an original. one of a kind. you feel me? love ya'. oop! you look cute! better than you? pop my 100% all-white-meat classic or spicy popcorn chicken combo for just $5.99. z3wvoz z1s6z y3wvoy y1s6y my new bite-sized, crispy popcorn chicken is so irresistible you'll want them whenever, so don't resist! pop 'em while you game, han

own unless you're on your family and warner. and now i will call you and. i will follow. the model for. their my i want. well we're arming and gagging for milk and gallo read them what am i. what i meant was i. think. this is the doubly news and these are our top stories people across the us have been mocking juneteenth the oldest known celebration of the end of slavery in the united states this year it has added significance amid nice and wide protests for racial justice. the world health organization is warning that the corona virus pandemic is excel or writing after thursday sold 150000 new cases.

warner bros. is pushing back the release of more movies.uel to "wonder woman" was supposed to open this one and has moved beel november. the movie studio is bumping back other big movies. tom and jerry being pushed back from december to march of 2021. godzilla versus kong has been moved from november and pushed back until may of next year. "the matrix for" was filmed in san francisco will be released in april of 2020. locations for country music icon garth brooks and his special concert for driving theaters will be released today. the concert will play at 300 different locations later this month and north brook will release those locations at 9:00 a.m. and tickets are $100 per car and tickets go on sale this friday. the time is 4:58 a.m. the pride flag is illuminating the sky in brazil. every night the city of sc paulo brazil is celebrating pride month using lasers to show off the colors of the rainbow flag. this color is replacing sc paulo's normally vibrant pride parade which was canceled because of the coronavirus pandemic. >>> coming up

he was involved in a trump administration's attempt to challenge a merger between at&t and time warnerokay. big companies. what is that about? many experts said this was about donald trump trying to abuse power to punish cnn which was within that family of companies owned by time warner. the merger did go through. now what is the common thread here? the question is one of both ethics and law. is bill barr trying to abuse his power to protect donald trump to serve his interests above the country in in his senate confirmation hearing, to get this job, barr said trump had asked him at one point to be his personal attorney. the relationship evolved since then. >> he said something to the effect like, so are you envisioning some role here? i said actually, mr. president, right now, i couldn't do it. >> barr interprets the special counsel's report to the advantage of trump. >> not sufficient to establish the president committed an obstruction of justice offense. >> the attorney general was really, really solid and did a great job today. >> why did the justice department publicly change stone

we will talk with the top democrat on the senate intelligence committee, mark warner plus acting homeland security secretary chad wolf and get an update on coronavirus dr. scott gottlieb and talk with the ceo of tapestry, a fortune 500 country. finally, we will reflect on the juneteenth anniversary, with new york times opinion writer and cbs political analyst, janelle bouie, it is all just ahead on "face the nation". >> good morning and welcome to "face the nation". we have got a lot of news to get to today. we begin with cbs news national correspondent mark strassmann in atlanta. >> in trump friendly oklahoma, the president reporte reelection rally in months and yet this tulsa arena was perhaps one-third empty. >> he crowed a million people wanted tickets, trump talked about america's continuing coronavirus crisis. >> test sag double edged sword. when you do testing to that extent, you are going to find more people, you are going to find more cases. so i said to my people, slow the testing down, please. >> he also characterized the pandemic with racist wordplay. >> i can name kung flu, i

>> today virginia senator mark warner and democratic congressman gerald connolly hold a virtual townhall discussion with voters to talk about a number of issues including police reform and covid-19. live coverage begins at 1:00 pm eastern on c-span2. binge watch booktv this summer. every saturday evening at 8:00 pm eastern settle in and watch your favorite nonfiction authors. starting saturday with pulitzer prize-winning historian doris kearns goodwin, author of tweet histories and well known for her work on american presidents especially team of rivals, next saturday we feature new york times best-selling author david marinus. watch booktv all summer on c-span2. arizona governor doug ducey talked about the state's response to the coronavirus pandemic following a recent rise in covid-19 cases. he said the increase is linked to more testing in hospitals around the state had the capacity to meet the needs of patients. this is an hour and 15 minutes. >> good afternoon, everyone. good to see everyone today, thank you to all the good people of arizona. it has been a difficult several months.

but they could have chosen that regardless. >> senator warner, i appreciate your time.you sir. >> thank you, erin. >>> and next, trump's senior adviser now defending the president's use of a racist term to describe coronavirus after she originally called it wrong after saying who would say such a horrible thing. chemical engig and you're technically a genius... and it appears you're quite the investor. i like to trade. well, td ameritrade has pros ready if you need help, say talking through a new strategy... ... just in case things, you know, get a little rocky? i'm sorry on the upside i think that's waterproof. maybe not... ♪ so to breathe better, i started once-daily anoro. ♪ copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. do not use anoro if you have asthma. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart con

i agree with so much with what senator warner said. we live in cynical times. people are correctly or incorrectly don't trust government. i understand that. i have been in and out of government for 25, 30 years and i always tell my constituents that on as bad as it looks on the outside, you ought to see it on the inside. and inspectors general help balance that, not only do they report impro bright. they address issues that. just recently, i happened to sit on the judiciary committee and i was very proud of the work done by inspector germ horowitz at the justice department. had it not been or germ horowitz, we would not have known about the abuses of the fisa processes at the f.b.i., committed by a small group at the f.b.i. so this is an important job. senator rubio did a soup pesh also welcoming peter and patricia and his daughter. peter brings a unique background. and right now, he works at a law new called stone-pigman in orleans. e have a lot of good ones in and they don't dummies and it doesn't take very long to call the roll. l holds the white collar defe

warner music, columbia records, def jam recording set to take part announcing participation and otherasures to fight racial injustice. >>> next on "early today," much-needed return to normal for pope francis as pandemic reduces in italy. >> and wave of protests around the world. to sweat sessions. even life inside can bring on to sweat sessions. things like sweat and oil. but it's nothing a deep clean can't fix. love, neutrogena®. her skin could actually soak up wetness that her diaper doesn't. that's why i use pampers pampers traps and locks wetness away keeping baby's skin drier and healthier the health of your baby's skin starts with the pampers they're in. brushing only reaches 25% of your mouth. listerine® cleans virtually 100%. helping to prevent gum disease and bad breath. never settle for 25%. always go for 100. bring out the bold™ you have the support of a, probiotic and the gastroenterologists who developed it. align helps to soothe your occasional digestive upsets twenty-four seven. so where you go, the pro goes. go with align. the pros in digestive health. and if stress wo

and amc entertainment plans to have theaters fully open worldwide by july in time for warner brothers' release of christopher nolan's latest film and disney's live action version of "mulan." the company reporting a $2.2 billion loss in the first quarter. it took several steps to offset the blow from the closure of theaters including furloughs and negotiating new deals with landlords and studios. kari, back to you. >>> thank you, rahel. let's head out to san jose. we're going to start out with some upper 50s and we see temperatures heating up. the hottest day of the week. we'll talk more about this and the rest of the cooler forecast. >>> a little too much for me. we're looking to san francisco. state route 1, folks know about that but i wanted you to know about that. the east bay coming up. we're here for you and we're open. wow. i'm an original. one of a kind. you feel me? love ya'. oop! you look cute! better than you? pop my 100% all-white-meat classic or spicy popcorn chicken combo for just $5.99. my new bite-sized, crispy popcorn chicken is so irresistible you'll want them wheneve

. >> dozens gathered at jane warner plaza in the castro. and he said the decision to protect and transgender americans from discrimination in the workplace is huge and revitalizes their efforts for full equality under the law. >> i did not know where it would land. we cut it could come out in five different ways. i'm glad it is so clear and so straightforward. that was a little bit of a surprise. >> this was a bright spot in what has, so far, been a troubled year. >>> the time is 4: 24. the supreme court will extend protections to millions of workers around the country. it is also a defeat for the trump administration. the case extends title vii rights that protects workers based on their race, color, religion or national origin. supreme court justice neil gorsuch wrote the opinion. he was joined by the chief justice, john roberts, and the courts for liberal justices. >> he did not become a liberal. he did not become moderate. the same is true for chief justice john roberts. this is a fairly narrow case of interpretation. it has huge locati