The s p 500 has climbed all the way back from down 2. 5 to flat. A little bit of strengthening from last week in the dollar index, but weaker on the day. The 10 year yield at 69 basis points. And a little return to climbing higher for crude, but it is lower on the equity downdraft. Halfway into the trading day, lets go to scarlet fu for more details. Scarlet you mentioned the paring of losses. Futures, the s p 500 futures have almost wiped out its early decline. And we are looking at that in the cash market as well. Of what is in leading things higher, Consumer Staples are doing the best in the s p 500. Names like kellogg and campbells, a clear sign of the risk off safety trade, even as we see the Overall Index make a comeback. And the tech heavy nasdaq 100 extends its top performance, 5 shy of a record high. Last week, we saw it the s p 500 by the most in nine months. Small caps are holding up better than the big caps, thanks to health care names like bbi vaccines, working on a covid a large with market cap. With the fed as a backstop for Investment Grade debt, we are higher for a second day. Even though there is a concern about a second wave of infections, we see the increase of cases in arizona, florida, texas and a new outbreak in beijing, the u. S. Economic data shows things are improving as the economy reopens. When you look at the economic surprise index, it has made an upswing. Reports are coming in better than expected. The data today is case and point. The new York Manufacturing numbers are jumping in june. We will see how it plays out for the rest of the week with retail sales out tomorrow, housing on wednesday, and leading indicators on thursday. Vonnie it will be quite the week across all of those. Thank you, scarlet fu. Now, you coronavirus cases are going up in as many as 20 states, even as economies try to recover from the economic hold. Hospital revenue has been decimated. Surgeries were put on hold to care for covid19 patients. Us michael dowling. Ofis the president and ceo northwell health. He has been advising Governor Cuomo on reopening. Thank you for everything that northwell has done over the past few months, but it seems like we are only partway through this story. How should the Hospital System be prepared for a resurgence . Michael we hope a resurgence does not happen in a severe way, but obviously if it does we are well prepared, given the experience we have had over the past three months. We are obviously now in a situation where we are making sure that we have all the ppe, the staff prepared, the Emergency Management systems prepared. We know where to put the extra beds, if needed. So we are well prepared if and when this reoccurs over the fall. Vonnie how concerned are you about cases spiking in other states and new york City Reopening in phases, even reopening faster than the rules dictate . Michael i am concerned that certain people are not complying with the social distancing rules, many of them are not complying with the mask wearing. That concerns me. Especially if you look at what has happened in parts of new york city and elsewhere. People are going back like nothing ever happened over the past three months. That is dangerous and foolish. And it demonstrates people do not give much of a care about community health. It also is concerning what is happening around the rest of the country, especially if and w hen there is interstate travel. As people move from states that are seeing an upsurge and they moved to places like new york, over the next number of months, thats concerning. You have to be careful, watch the stats carefully, and be prepared. This is not over. We are in this for the next nine months or so, until there is a vaccine. At at least until there is a vaccine. So nobody should be thinking that just because we have survived the past three months in new york, where we had the most severe cases, that things are over. We are in a transition period. And we are trying to recover and bring businesses back that are necessary, because you do not want people not Getting Health Care services because of covid19, that is also dangerous. Lost 1. 5e system billion because of elective surgeries being put off, and rightly so, but now youre getting back to elective surgeries. Is that deficit going to be a problem . Michael it is an issue, but during a pandemic or a crisis the last thing you worry about, especially in the public arena like we are, is to worry about money. You have to do what is right for the public. Orwhen the crisis diminishes is over, then you figure out how to recover. We will recover and we will come back. It will take quite a bit of time. We are definitely a year away from it. Businesses are coming back slowly. People are still a little bit nervous. They are a little bit scared, and rightly so. Even though i want to assure everybody that if you are thinking about coming back to one of these facilities, the facilities are safe. But it takes time for people to understand this. And interpret it. So we will come back. We did take a beating financially. We have received health from help from the federal government. That is the nature of the business we are in. You take care of the public during a crisis, you work your tail off to come back as fast as you can in a reasonable, practical way. Vonnie do you anticipate the smaller hospitals around the country will have a more difficult time, and there could be a round of forced consolidation or hospital closures after this . Michael i believe there are hospitals that will close. There will be Health Care Facilities and that will probably close. And there will be facilities that will want to connect to other systems for their own security Going Forward. So, i think you will see some of this. The danger is we must be very careful to protect those that are in the underserved areas, that have been disproportionately affected by covid19, to make sure we preserve the integrity of those facilities in those communities, because if some of those places close, then the situation is only exacerbated. We have to be careful to make sure that that does not happen. And the places, many facilities in the poor communities are the ones that make up the worst here, and are the ones most likely to close. And if they do, the ones most likely to make the situations even worse in those communities. Vonnie your system has obviously seen difficult situations over the last couple decades, but how will the coronavirus and this time around have changed your system and hospital care in general when we go forward and we get past this eventually . Michael the experience has changed everything, both personally and as individuals and as organizations. Our organization is going to change. Webecome we we will will be expanding services, using technology a lot more than we ever did before. That was proven very effective during the crisis. We will have more people that work from home than ever before. So, any organization that comes out of this crisis and does not change the way it operates, and operate more effectively as a result, has lost an opportunity. In many ways, the positive outcome of this is it will force us to get better, change your attitude and the way we think. It is a new perspective. And we will focus on those things that are more important, getake sure that those who the least amount of services, that have been proven during the covid crisis, that we make sure those people Going Forward get maximum services. Vonnie michael, thank you. It has been able to close few months for you and your staff in northwell health. Thank you, michael dowling. Vonnie lets go to first word news. Mark thank you. I enjoyed his bluntness. A a number of states sought cases climb over the weekend, texas and florida reporting record numbers of new infections. Andsurgeon those states, others like arizona and north carolina, has led to concern among Public Health officials that reopening the economy has come at the cost of spreading the virus. The United States has more than 2 million confirmed infections and more than 115,000 deaths, according to data compiled by Johns Hopkins university. Singapore will ease restrictions this week. Most activities will be allowed to resume, subject to save distancing. And small gatherings of up to five people can take place. It is the second phase of the easirys threephase ng. The cases have dropped there. Infection rates remain stable. The naacp is leading the rally in atlanta following the Police Killing of a black man on friday night. Oks wasold rayshard bro shot in the back after a struggle with officers caught on body camera video. The officer who shot him has been fired. The Atlanta Police chief resigned hours after the shooting. The Supreme Court has dealt a blow to the administrations immigration policies. It let this ensure a lot in california standard that restricts local police from helping federal authority deport people who are in the country illegally. The administration argued the measure undermines deportation efforts, violating federal Immigration Law and the constitution. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie this is bloomberg markets. The s p 500 back into the green after an overnight session that saw losses up to 3 . Here is abigail doolittle. Abigail pretty typical to what we have seen recently with increased volatility. We certainly had a risk off tone. Overnight, the s p 500 futures down more than 3 , now the index up to tens of 1 . Oil down more than 5 at its lowest. Risk assets being sold. It i would suspect that probably has to do with the dollar. You can see the dollar index is now down 1 10 of 1 . At the heights it had been up. 5 . That is a driver for risk assets, certainly as it is seen as a haven asset. 10 year yield at this point is a still lower. There is a little bit of a haven but but overall bid, overall there is a shift. At the open, all sectors had been down on the s p by more than 1 . Now we have the cyclical sectors back in charge and up top, the industrials come utility sneaking in. The financials are on the bottom, health care and consumer discretionary, energy, it is really a risk on sector theme. It is a big shift. And so much volatility for the airlines, down more than 60 , up 100 . And over the last year, the s p 500 Airline Index actually doing better than the s p 500 itself. Who knew . That is interesting. Vonnie abigail, thank you for that. And speaking of airlines, the isustry across the globe looking at a recovery. We spoke with the easyjet ceo about european orders reopening. Andhis week, we are having operating about 310 flights. That is across 22 airports in europe commit eight pieces in the u. K. Bases in the u. K. In july come as an example, we expect to be covering about 50 of the network. In august come up to 75 . In august, up to 75 . So we will have a majority of the network by them being covered. But bear in mind, in terms of capacity it was still only be about 30 of what we had originally planned. That is interesting. Where do you see pricing going here . Do you expect the overall dynamic will be one of price war or price discipline . I think you will see in the initial phase there will be attractive fares, but we do see there is a good demand on new bookings, particularly outside of the u. K. I think the demand is dampened by the u. K. Government and rules they put in place. But hopefully, as that is andaced, demand will go up pricing levels it should be relatively normal. One should bear in mind the capacity and supply is clearly far less than you would expect as well. So that will clearly play a part when it comes to the level of the prices. What does that mean in terms of how fact the flights will be . I am no hypochondriac, but i do not feel like sitting directly next to somebody on an airplane. Are you going to make prices low enough i can purchase two andets, or will i buy one count on an open middle seat . We have good factors on the first couple weeks of flying, from today and the remainder of june. Elementsactors are that will be a result of demand that we see. But of course, the load factors will not reach normal levels we but it is peak times, also the case that that will progress and increase as we go through the summer. To be clear, are all the Seats Available for sale at the moment, or have you blocked any out for distancing purposes . No, all of the seats are available for sale. There is no social distancing recommended from the authorities in the u. K. It regulators in the jurisdiction and the regulators in the jurisdictions we are operating. We will not serve food on board. And you are required to wear a face mask. We also do a deep disinfection of the aircraft every 24 hours, and we will provide additional protection. Ose are the measures that have been recommended by authorities. We hear from michael oleary, for example, that he is willing to slash prices to get people flying. I think he is willing to do that to take market share. Does that mean you will not be playing that game, if there is going to be any price competition so you will stay out of it . We are sad that as we start flying we will focus on making flying available that will make a profitable contribution, and a positive contribution to the company as a result. That is on the basis where planning the program. The pricing in this industry is very dynamic, even in normal times. So you will see very attractive fares. But you will also see that that is dynamic and they will also go up. It will go up with supply level, which i will say again is significantly lower than what was originally put in place. So the prices do not look dramatically different. But it is also true to say that in the initial phases there are attractive fares. Vonnie that was the easyjet ceo. To declare come he is operating in europe and the u. K. Only. Still ahead, we will talk about coronavirus cases and lessons for the u. S. Health care system with a professor of nursing at Johns Hopkins university. That is next. This is bloomberg. Vonnie coronavirus cases continue to climb in the u. S. And china, threatening efforts to relax resurgence. Now more on preparedness with tener goodwin veenema, professor of nursing at Johns Hopkins. Thank you for joining us. At the beginning, everybody was hit hard and nobody knew what to do. What lessons have you learned, particularly in the nursing community, for next time around, to what you might need for example . Tener certainly. Thank you for asking. Our analysis has revealed important early lessons from the covid19 outbreak, as it relates to National Nursing preparedness. Theirsically nurses and overall capacity to respond and to keep themselves and their patients safe. We have seen evidence from nurses in the field that they lacked access to personal protective equipment, that they had or did not possess adequate knowledge and skills related to the many different aspects of pandemic response, roles and responsibilities. We also saw a lack of decision rights in terms of their ability to impact workflow, nurse staffing, and an overall disconnect between frontline nurses and the executives and hospital administrators. This really had an impact on the capacity to care for patients, being redeployed within hospitals, and of course allocation of scarce resources. Vonnie which would be the right agencies to put out may be a handbook or develop standards for when this will come around again . Tener i think that there are multiple agencies, actually, that play a role both inside and outside the federal government. Certainly, we turn to the cdc for guidance as the Gold Standard for guidance in recommendations for Public Health preparedness. Asper has a role to play. And professional nursing organizations themselves, and schools of nursing. I think it will require a collective effort to address those gaps in preparedness and really address the needs for nursing workforce development. Vonnie thank you for joining us today. Please keep us updated on all of those efforts, because this is not going away. In fact, it has not even started to die down yet. That was tener goodwin veenema, professor of nursing at Johns Hopkins. That school is supported by the founder of bloomberg lp, the Parent Company of this network. Here is a look at the markets. We came right back up to flat, and we are now positive on the s p 500. Down 40 points on the dow. This is bloomberg. [ sigh ] not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Ask about saving up to 1500 on your installation. Nie amanda from toronto, welcome to bloomberg markets. Here are the top stories we are following from around the world. Stocks climb out of the red. The s p 500 down 2 at session lows is now flat as market volatility continues. U. K. Prime minister Boris Johnson says the chances of Great Britain reaching a trade deal with the European Union are good, and he says there is no reason it should not be signed in july. Hurts down 20 , the Car Rental Company warning investors that there almost certainly going to be wiped out with share sales among bankruptcy proceedings. Amanda a lot to talk about, what that means about the state of. The market and confidence. We are watching stocks climbing out of the depths of where they started. We can see a move to basically a flat session, utilities and communications helping out. Energy not doing anything for the markets on either side of the border, so essentially flat to negative. Not giving much of a boost. We could see some strength in the tech stocks. The nasdaq is doing better than the s p 500. That is true in toronto. And even with todays move, whatever happens, we do have the s p 500 down 6 over the past six sessions. There is talk from guests on this network about all the volatility. The market bottom tends to happen in three phases, so i think that was quicker than many of us expected. The market has clearly been buoyed by this massive amount of global monetary stimulus. If you add it up in the u. S. , it is over 40 of gdp. And markets will be looking for more. The size and pace of the fed Balance Sheet expansion is something that will put a floor underneath Global Equity markets. In the near, volatility could be back until we see cases compress again. With this is carol with us is Carol Schleif of abbot downing investment advisors. Talk about the volatility, what is driving this . Is it sentiment about a second wave and the piece of reopening . Carol i think it is a piece of that, but human nature is dont want to look for stability in our outlook is to want to look for stability in our outlook. And the problem is we are in an the wordled era unprecedented is so overused, but this is an area where we really do not have prior examples to anchor to, so you have the push and pull between wanting to be positive about the economic recovery and people coming or the economy coming out of quarantined, but then not knowing how to predict the pace of the disease. And so people are looking for something to anchor to and there is nothing there. It is human nature on a daytoday basis. Vonnie the geography of this is so interesting. You are in minneapolis, the site fraughtd times over times over recent weeks. I im curious to what your more local clients are most concerned about at this time . Carol carol i think they are most concerned about the volatility in the short run, though not as much in the long run because we have taught them and have demonstrated in portfolios, that volatility can lead to opportunity as well. I think the broader social issues also preoccupy a lot of our clients in terms of what kind of world we are leaving for our kids and grandkids, the bigger existential issues that have opened up, not only by the George Floyd Killing but the markets themselves and the inequities that have opened up in quarantine who had access to health care, who could quarantine, who has had access to wifi. Amanda in minneapolis, i imagine you would feel that as much as anyone. In terms of the disconnect then, we have seen these past few sessions sell off, but we have mostly seen markets that seem to be impervious to the social thees, to and equity, to fact that economies have not bounced back yet, what do you make of that disconnect intuition investors make of it . And what should investors make of it . Carol that current markets will never reflect Current Events in the economy, they will be looking forward. A big piece of what is going on is the fear of missing out and the opportunistic bias that investors take, especially when you have a sharp reset. And there is no alternative. You hear that a lot, that people are sort of forced into doing Something Like a risk on trade, because there are no alternatives. As earlier commentators talked about, all the global intervention pushing rates down to zero or negative, that does not help with fixed income investments. Does not make them attractive. Vonnie what do you do with that 6040 idea . Do you throw it away, or are there opportunities that you are recommending to clients . Carol i think that there are opportunities. Its not necessarily just 6040 in the public markets, there are private markets, all kinds of less common niches in private capital and hedge funds and other places, real assets and things that have opened up, anomalies that have opened up with the Central Bank Intervention and disturbances it has caused in liquidity. We are looking at many different things, we are turning over different rocks. The most basic of all investor activities, which is consistent rebalancing with longterm targets, has been fruitful starting last year when markets were running up to new highs. When they came down suddenly this year, it was pretty easy to get them balanced. If you are adjusting for taxes in the process, the rebalancing is a key activity as well. Context, youat have seen big groups that have not participated like you might expect. We have seen financials being one of them. What do you make of that . Carol it is going to be stuff to sustain without the financials coming along, because they are the backbone of the system, but i think financials are trying to get their heads wrapped around the fed intervention, because the fed is playing in paces with what they are putting in the Balance Sheet, playing in spaces they have not historically played in. So that means knock on effects. General,bankers, in being affected. Vonnie we look forward to speaking with you again soon. That is Carol Schleif of abbot downing investment advisors. Lets send it over to Mark Crumpton with first word news. You. Vonnie, thank big rulings from the u. S. Supreme court. Cannot beuled workers fired because they are gay or transgendered. The court said that federal law protects gay workers from discrimination. In the meantime, justices dealt a blow to the gun rights movement, turning away 10 appeals that sought to broaden constitutional firearm protections. The british Prime Minister says there is no reason a deal between Great Britain and of the European Union could not be reached by july. His comments came after a meeting with top officials in the eu, via videoconference, where both parties said new momentum was required to break the deadlock. Prime minister johnson restated his hopes for a transition deal, repeating calls for advantageous regulations for the u. K. And an end to involvement of the European Court of justice. It is clear with u. K. Needs and what our eu friends need to understand. We cannot have the involvement of the European Court in this country, we cannot have a system whereby we continue to obey the eu law, even when out of the eu. Mark in a joint statement, leaders from both sides said talks should intensify to create the most conducive conditions for ratifying a deal before the end of 2020. The head of the United NationsWatchdog Agency is once again demanding that iran provide inspectors access to sites where there is a suspected nuclear activity. Iran says the International Atomic agency has no legal basis to inspect the three sites, since all activities there have thought to have been from the early 2000, before they signed the landmark 2015 nuclear deal with world powers. The Trump Administration is expected to file a lawsuit to keep john boltons new book from being published. Bloomberg has learned of the planned lawsuit, reported earlier by abc news, could be filed in the coming days. His memoir is a set to be published on june 23. The white house has conducted a monthlong prepublication review of the book for classified material. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie this is bloomberg markets. Im vonnie quinn in new york, alongside amanda lange in toronto. The premonition are of Great Britain and top officials held a video call earlier, where they say they will soon reach a brexit trade deal. The Prime Minister telling sky news there is no reason to not get a brexit deal done in july. For more, we are joined by matthias matthis, senior fellow for europe on the council of Foreign Relations of d. C. How will everything be decided upon in just over a month . Is he posturing by suggesting that . Matthias to some extent he is speaking to a domestic audience, but i think the main constraint is not on the u. K. Side. I think that they are keen to get a deal soon. The main constraint is on the european side, it is a Second Quarter problem now for brussels. They are more worried about getting out of the covid19 lockdown and they are focused on nextgeneration eu, and the big Fiscal Stimulus Program that they are trying to put together over the next few weeks. With the rest of the euro zone. So, the problem is a little bit that the eu is not focused on london right now. What do you think the timing of negotiations will be . And when does a deal really need to be done . Matthias as i said, the eu summit trying to get the Budget Approved is linked to the budget for brexit negotiations, so i think there will be technical negotiations on the u. K. And eu side, but lets be honest the eu will not agree on a budget for the next seven years until september, so i think that this will be kicked into early october, late october. And we will see a replay of the last few years, where this will go to the wire. Vonnie what will be the sticking points at the very last few paces . Matthias matthias it is interesting what you just showed, the things that Boris Johnson did not mention. He talked about territorial waters. I think that is something the eu will cave on. But he also mentioned of justice. That is something the eu will cave on, but it will be about level Playing Field conditions how much is the u. K. Willing to agree to not lower its labor standards, and environmental standards, and not trying to get in a competitive advantage on these issues, because that will be seen as they want to have a say over this and how much will the eu trust the u. K. Going forward. It is a big market and it is a formidable competitor. Obviously, the u. K. Has more to lose in some ways than the eu if we see a no deal emerging, if wto standards apply. Here do youee w see the u. K. Giving in . Where does it matter . Matthias i could see them trying to figure out a transition period continuing without calling it that, where there are sector by sector deals where they could keep the current arrangement in place for longer with the u. K. Paying money into the u. Keu budget. That is less likely. But they will have to cave in and say we will not lower our standards because we are going it alone now, we will actually increase our standards when it comes to labor and the environment. I think that will sell well at home. Brexit are right, a wto is problematic for the u. K. Even if they want to zero tariffs, that means they would have to treat every country in the same fashion, so zero tariffs with canada, the u. S. Be china and that would hard for british farmers. It would be hard for them to compete. Vonnie it is tough talking about you trade deal and goods going back and forth through borders and so on in the middle of a pandemic, when nobody knows what will it will end. How does that complicate things . Matthias massively, right . You are adding another blow to a deeply problematic situation from the economy point of view. The economy is in the worship of all theorst shape of economies and have seen a fall in gdp over the last months, over the month of april, sorry. So here they are in the midst of covid, but some people in westminster think this is a huge opportunity, because covid19 means a disruption anyway in the supply chains, so they think people will not notice the british people will not notice that because things are so bad, things will get worse. That is somewhat rejected by businesses in u. K. , and the industry. Are in is there we new york and toronto, and there has been a thought that perhaps this is an opportunity fo new trade relationshipsr, so on that point could there be a shift where other people take advantage of this moment . Matthias yes, that was part of the vision of the brexit campaigners for global britain, it does not mean that they are turning inward, they are going back to their 19th century tradition when it was trading with the commonwealth, the rest of the world and all of that. There is an opportunity for the u. S. To fill in the vacuum that could have been left by britain leaving the eu, but that would be great for the pharmaceutical industry, great for american farmers, but it is not clear, however, that British Industries or farmers will gain from this. And it is not clear that that is what the british people want, to replace french chickens for american chlorine washed chickens. You know the debate. Amanda although we would say quebec chickens. You matthias matthis, senior fellow for europe on the council of Foreign Relations. Hertz warning that is stock could be worthless. We well explore that, after this. This is bloomberg. Vonnie this is bloomberg markets. On vonnie quinn in new york alongside amanda ling in toronto. Here is the business flash. Bp anticipating that the coronavirus will have a longterm effect on energy demand. The company will make billions on a write off after reducing estimates for oil and gas prices between 10 30 for the coming decade, about 55 a barrel. Billion. Cost 17. 5 United Airlines plans to raise 5 million by borrowing against a Customer Loyalty program, trying to boost activity while almost the entire fleet has been granted. They are bringing 40 million a day in cash and they expected to drop to 30 million next quarter. And shares of hertz are plunging today. It announced an agreement with jeffries before the bell to sell 500 million worth of stock, shares have gained more than 500 since may 26 through fridays close. They are betting on a rebound and travel. Hertz warns that they are almost certain to be wiped out. That is your Bloomberg Business flash. Innda and i want to bring cameron on this hertz store, joining us by phone. Such a fascinating tale. We can slice it many different ways, including what Market Sentiment exists when people are so speculatively buying a stock, but your take on the fact that hertz was allowed to issue shares at all. Cameron well, i think it has been wrigley tory negligence, regulatory negligence, personally. These people buying hertz are not the kind of sophisticated investors who would have a nuanced view on their capital structure, shall we say. Debt is trading at 50 discounts repaid that needs to be in full before the shareholders see a in any bankruptcy proceeding. So, yes, you can bury it in the small print that you are likely to lose all of your money, but it is it seems a little dubious to have a Company Selling something thats Intrinsic Value is certainly zero, or something greater than zero to something that will be unsophisticated ultimately investor base. Vonnie if we can just get past two, at month ot or little bit of liquidity would be great and that outlook would be great again. That will not be the case of hertz, and we will see other companies trying to do this as well, right . Cameron yeah, as well. I mean, if bankrupt companies can sell shares, you would expect that to continue. We look backif over the last 25 years or of investorthis sort behavior were bankruptcy is almost seen as an asset for a catalystor a positive for a company, if that is not the definition of irrationally exuberant, i am not sure what would qualify. Vonnie well put. Thank you. We will keep an eye on camerons comments on hertz. Here is a look at where we stand. This as we go into the 2 00 p. M. Our, the dow is down 30 . The s p has dropped three points, but has come back from 2. 5 . The nasdaq is up 6 10 of 1 . Reuters also put out a report suggesting that the u. S. Will be able to have its companies and huawei work together, despite huawei being on the blacklist. That will mean something to the market as well. This is uber. This is bloomberg. Live from bloombergs world headquarters, im carolyn heinz. Romain im romaine bostick. And ease in china u. S. Tensions over huawei. There may be hope for the u. S. To walk to work with huawei, but the relationship continues to be fraught with tensions. We hear from u. S. Ambassador kelly kraft. Ae civil rights landmark, divided u. S. Supreme court rules that federal laws protect gay and transgender workers from job discrimination in the watershed decision. Romain we started the day on a firm down no. About 1. 50 by percent, below