We have had the s p 500 higher for the third week in a row. We have the nasdaq down. The first down week in three weeks and a lot of that has to do with netflix having its worst week since 2019. They put up a disappointing quarter, messy Second Quarter but weighing on the stock is the subscriber view for the third quarter. An important peas of information comes out of that netflix result and what is happening with that stock, down 11 , the fact the stocks have been up so much out of the march low, the stayathome stops, it tells us investors have priced them to perfection. If results are messy and anyway, you will see a selloff. That might be something we see in the next two weeks as the apples and amazon start to report their june quarters. David thank you so much Abigail Doolittle for that report. The coronavirus is surging in so many areas around the country, with more than 75,000 new cases in the United States in the last 24 hours. We welcome dr. Marc boom, the president and ceo of houston Methodist Hospital center, one of the largest hospitals in the area. He has 2300 beds. There are so many numbers we are hearing from around the country and from houston. What are the numbers we should Pay Attention to . Deaths,f hospital beds, positivity, what should we be paying attention to . Dr. Boom it can get confusing and there a lot of numbers we look at. I think of it in stages. The first thing to look at is the realtime indicator of how many infections we are seeing in the community. Foreshadow theto number of hospitalizations where that direction will go, and then the average patient who goes home in a few days or the patient dies after a long illness, we will see those deaths happen even later. You see those in stages. Houston is a good news bad news situation. We saw the cases level off in the community and start to plateau at a disturbingly high level, but plateau nonetheless. Then eight days later we saw the hospitalization start to plateau. For the last week we have plateauing of the hospitalizations. The problem is that for the last week or so we have seen the cases in the community go back up. We think what happened was the fourth of july, and as we were predicting, week after the fourth of july we started seeing that pickup. We are steeling ourselves for a few days from now, starting to see upticks again in the hospitalization. We never came down, we just plateaued. In our system, we went up seven fold from memorial day to where we ate nine days ago. Eked eighte pea or nine days ago. We have patients in the house with covid and a large number being admitted and discharged. We are concerned we will be going up and seeing that again in the next few days. David how do you assess your ability at houston methodist to keep up with this . You have been doing it for quite a mile for quite a while. Your people must be tired. Dr. Boom it is a challenge. We will be pushing five months soon. We saw our first patient with covid at the beginning of march, and that is travel related. Worked up for Covid Patients at key to the first time around. If you look at a graph, you realize that is not a mountain you thought we were climbing. It is a foothill from what we are seeing today. Unfortunately, we have come to a crest where you do not know if we will see another mountain continuing up or can we bring this down . We had a masking order going to place two weeks ago today, mandatory masking across the state. No question it has helped in flattening things initially, but immediately thereafter we also have the fourth of july and i am still concerned that in spite of , lot of preaching and warnings we still saw people celebrate too vigorously and now we will pay the price a little bit. I am hopeful with masking in this next week we can bend that back down. That is the key question we do not know. If we cannot, frankly, we will need to have more significant restrictions in place. This what you need at point, if anything . We saw Governor Cuomo said he would send people from new york down to help out with testing in houston. What you need the most . Dr. Boom from a Hospital System perspective we are fine on testing. We can do 3500 tests a day if we need to. We have not needed to do that. Weve been in the 2500 range at peak, which is still a lot of people. See ourdo the math and system diagnosing large numbers of people. We are fine on the personal protective equipment. Our staff are tired and frustrated, our staff are watching People Struggle and die , watching people with difficulty breathing and they go out in the community and see behaviors and attitudes that are completely diametrically opposed to what they are seeing in the hospital, people not realizing that. Action,of one call for it is unity. It is the community that works together and everybody recognizes there is Scientific Evidence and advice to do the right things, and together when we are unified we can accomplish that. Im quite certain, but it takes everybody doing their part, and we are doing much better than we were three or four weeks ago, but we are not at the levels we need to get to as a community to bring this under control. David give us a sense of the demographics. In new york the problem was with the elderly and people with underlying conditions. Is that shifting . We seem to see more younger people hospitalized with covid19. Dr. Boom it has shifted. We see the preponderance of people getting particularly ill tend to be older and have risk factors. We have seen more young people hospitalized. The reality is while on average a younger person does better, if you have enough sick young people, some of them will do poorly. We had our first two patients over the last 10 days under the age of 30 who passed away. It was devastating to those families, devastating to our staff who are caring for them. We had one young individual come into one of the hospitals and passed away within five or six hours. We had another related to some of our staff so it was tough. We have had pregnant women. We had a pregnant mom who delivered twins and is on a breathing tube right now. This can really affect people at all ages. Diabeteso see obesity, probably smoking and vaping as risk factors we are seeing in people under 50. Diabetes, obesity, we are seeing all the way up as significant risk factors. The good news embedded in all of we have lower mortality rates. Some of that is a shift in age, some of that is a shift in risk factors, but we are seeing people with more risk factors, whether that is age underlying medical conditions seem to be more careful and less frequently infected than some people who do not have those risk factors. That has led to much better mortality as well as treatments and advances paying better in dividends. Not to mention when you take skilled clinicians, and they have now been doing this. We have cared for well over 3000 patients across our system. They gain experience. It is like a heart surgeon who does bypass surgery. You want to go to somebody who has done a ton in their career, not somebody who is just done a few. Matters and im really proud of our clinicians. David i am sure that is all right. Thank you so much. That is dr. Marc boom, president and ceo of the houston Methodist Hospital center in houston. Coming up, we will talk with jane harman, head of the Wilson Center, about the critical eu summit taking place in brussels. Ons is balance of power Bloomberg Television and radio. David this is balance of power on Bloomberg Television and radio. We go to mark crumpton. Isk dr. Anthony fauci optimistic there could be a new treatment for coronavirus by autumn. The Infectious Diseases djitte spoke to Facebook Ceo Mark Zuckerberg and a live event. Dr. Fauci eight says he expects results dr. Anthony fouts he says he expects results for Clinical Trial india has become the third country to record at least one million coronavirus cases. Only the u. S. And brazil have had more cases. Indias population is more than double those two combined. That suggests the virus has more room to run. Actionis taking sweeping in response to a new surge of coronavirus cases. The country will shut down on weekends. The closures impact stores, gyms, tourist sites, and beaches. Restaurants will be closed for onsite dining. The restrictions,s 1900 new delhi cases were reported new daily cases were reported, and after Benjamin Netanyahu has faced widespread criticism of his handling of the protest and said interim steps are needed to Angela Merkel is casting doubts on an 800 Recovery Fund this week. Eu leaders are meeting in person for the first time in five months. The chancellor says the differences remain great. Among them, how the money will be distributed and how the rules dictating funds will be greenlighted. 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. I am mark crumpton. This is bloomberg. David . David we will pick up on that report marches gave us about the negotiations with the eu leaders in brussels. They are taking place right now. We will bring in jane harman, the president of the Wilson School the Wilson Center in washington. Thank you for being with us. Great to have you with us. Give us a sense of how important this is to the future of europe. Jane it is a huge deal. It is all about whether europe can take advantage of the momentum from its pretty effective crackdown on the rise of covid and then provide help. Europe does something we do not. We have unemployment insurance. They have employment insurance. Though they have people ready to go back to work in their open up for travel inside europe, but not us. Why should they allow us in with our soaring rates of covid . This will determine whether or not europe can be an integrated eu or we will go to a two tier structure with countries like spain and italy on the outside. I am bullish about this working. I think Angela Merkel, whose birthday it is today, age 66, happy birthday, i am bullish about her leadership. She was so unpopular in germany and now her Approval Rating is over 70 . Wanted President Trump kill for that . With a scientific background she is very wellequipped to forge something this weekend. David i think some of that popularity comes from the way she has handled covid19. Lets turn to Something Else very much in the news. Over the last 48 hours we have had two different hacks, one involving twitter with prominent names, but also a claim of russia trying to hack into some of the virus the work on the vaccine. Tell us what that says about cybersecurity as we head into an election on one hand and trying to fight the pandemic on the other . Jane not good news. These are not the same thing. The hack into the basic architecture of twitter definitely involved compromising folks inside twitter, whether they were part of the group that hacked or whether they were inadvertently part of the group that had been hacked, it is still bad news for twitter. Cyber hygiene needs a lot of work. Was, on thet ministry of accounts, that is the basic architecture twitter has. Attack soitcoin somebody was making money out of it and they obviously did. What i worry about is not only did they get that stuff, but then they plant disinformation in peoples accounts and they say things that are clearly not true and reach gigantic audiences, because twitter is a very popular medium for politicians, not just our president to communicate on. Then you asked about stealing covid information. That is a different set of alarming issues. That is russia following on china and others, trying to get inside information about the curesnd the progress of for covid. If we can have a vaccine by year , if weease be right could have that, and that is in the u. S. Intellectualproperty domain, wouldnt other countries like to steal that . That is what that set of challenges is. Bottom line, we have to walk and chew gum at the same time. We cannot be solely focused on covid, and we cannot be solely focused on the election. Both and we have to understand that bad guys, whether they are terrorist, they are sometimes foreign competitors, they are rogue elements, criminal elements, are taking advantage because we are distracted. I am mindful of the fact that before the Wilson Center you had a long and distinguished career in congress representing the state of california and you served as the ranking democratic member on the house intelligence committee. Is this a matter of there are things we should be doing we are not doing to protect ourselves from the cyber happy, or is it the technology has gone ahead and theres nothing we as a government can do . Jane i never say nothing can be done. If i were not an optimist, why would i run for congress and served nine terms . I am an optimist. There is more we can do. Technology is evolving. The bad guys are taking advantage of that. We have to be double, we have to ,ave we have to have nimble we have to have policies and laws, we have to recruit the smartest people. The people doing the hacking are not my age. They are 20yearolds. Hey are enormously clever we have to hire 20yearolds ourselves. You asked is there more we can do . Yes. I worry our Intelligence Community has been undermined by some of the purges that have in thisrecently administration. People have been removed as inspectors general, people have been removed from senior levels in the various intelligence agencies, and i think that turnover hurts. Lets understand, the agencies do not run themselves. They have to be given direction. The leadership should be saying turn over every rock, listen to whatever you can. Figure out where this stuff is coming from so policymakers who are not the same thing as the Intelligence Analyst can form the best policy. That is the part i think is not happening. We are not having forward leaning, aggressive use of proper intelligence tools to inform policymakers who are interested not just in what tactic will be employed tomorrow , but what is our strategy against these threats, which will keep multiplying and coming at us. What just briefly, about china . How vulnerable are we there . Is a strategic competitor just like russia. They are not the same economy. Chinas economy is much more successful than russias economy. China has a longrange strategy which we lack. Their leadership is standing for a longerterm than ours. That is what it would seem to be. Huawei, which is a Chinese Company that had developed the most extensive amounts of software and hardware for our next telecommunications level, 5g, huawei is the only technology that parts of the world can buy. We have not invested, and we should have invested, we should have created the circumstances so our industry would invest and create an effective alternative to huawei. Where we are now is we are telling our firms do not buy huawei, britain has just emulated us and said do not buy huawei at the end of this year. What should they buy and what will happen when a lot of the world does by huawei . Will there be a two to your Communication System . That would be a calamity. David great to have you with us as always. That is jane harman, president and ceo of the Wilson Center. Potentially important breaking news. Ruth Bader Ginsburg is being treated for cancer. She has dealt with cancer before and has come back each time. She has been hospitalized with reports of infection. This is unrelated to that, but they discovered the recurrence of cancer. We will cover this as the story develops. This is bloomberg. David this is balance of power on Bloomberg Television and radio. Is beingr ginsburg treated for a recurrence of cancer, although the report is careful to say she will remain on the court. She has battled cancer before and has come back. We will keep following that is the story develops. We do not have a stock of the hour, we have an index of the hour. Scarlet fu is here to take us through it. Scarlet regional malls cannot catch a break. I think about what bill de blasio of new york said today, which is that new york city is entering phase four, yet indoor malls will remain closed. Governors and mayors around the rest of the country are warning of taking drastic action if infections do not start to go down. Adding to that, you have Consumer Sentiment powering. The university of Michigan Sentiment index falling this nesh, reversing most of ju gains. They are down about 7 . Other consumer facing companies are up about 3 over the same period. The mall index we are following oflude simon property, a lot these companies have outdoor malls. Foot traffic is nowhere back to precovid levels and there is no visibility on when we will get a recovery. The damage has been done over the longerterm. So far you can see shopping malls is at the bottom, down 56 . David . David thank you so much to scarlet fu for the report on the malls. Coming up we will go to basil smikle and ask him about whether the Supreme Court will be front and center in the election. This is bloomberg. David this is balance of power on Bloomberg Television and radio. Im david westin. We welcome now basil smikle, a lecturer at columbia university, and former director of the new york state democratic party. We want to start with the news that broke a few moments ago, ruth Bader Ginsburg says she has had a recurrence of her cancer, will have chemotherapy treatments biweekly, but is fully available to participate in the court. We wish her all the best. Get ahead of to ourselves, hope that she has a long career on the court. She has battled cancer before. At the same time, the Supreme Court is necessarily a political issue at this time. What are the chances that this will become a political issue as we get into november . Will becomertainly an issue, and in many ways, it already is. He has been so focused on the Supreme Court in the last few weeks with the exception of a ruling with respect to the Affordable Care act, a lot of decisions that have come down in the last few weeks that have gone against President Trump and the administration, so they would very much like to be able to turn the tide, if you will. What you see in the lower courts is the president has been successful in stacking the cour ts with his nominees. He has been more successful than any other president since carter in terms of placing a number of likeminded judges on federal courts. He would relish the opportunity to continue to remake the had twocourt, hainving justices appointed to the body. We wouldnt want to see it under these circumstances, but judicial appointments are not only important for the republicans broadly, but something that the president has consistently tried to hang his hat on. The first oneot to run on the importance of the Supreme Court, but at the same time, the last term indicated, there is a limit to how political you can get with the Supreme Court. Roberts did not vote the way that President Trump would have wanted him to. Is this something that motivates voters to get out and vote on the republican side, as well as the democratic side . Basil historically, it has not been as motivating a factor for democrats as it has been for republicans. But given this president has justices oned two the Supreme Court, theres an incredible amount of attention being placed on this particular president s political leanings, the mechanics around the appointment of judges that has already taken place. I think there is renewed attention on the courts and the judicial system, with the focus being on a lot of the policies that the court has stopped the president from doing. That is why i think the democrats are paying a lot closer attention than they have previously on these appointments. Where the you are a democrat or republican, pretty much everyone is paying close attention to the coronavirus. News poll out from abc indicating the distrust of President Trumps handling of the virus is growing. Indicated theyl had deep distrust, did not approve of what the president was doing. Basil if you even look at some of his early supporters, at least the folks that voted for you look at suburban voters, older voters. He is starting to lose traction and significant support among older voters, particularly in florida. Why is that important . Florida was previously not a state that democrats were looking at. Now it is in play largely because you have Older Americans who have spent a good portion of their Career Planning for this part in their lives. Because of the minor president has handled this virus, and the economy, they have real concerns about their health and financial wellbeing. As a result of that, they are saying to themselves, maybe this is not the president we need right now managing this country through this pandemic. Should be of concern a wakeup call for this president. You have seen obviously changes in his Campaign Team reflecting those concerned that the president has. David you have been in the room, as it were for these things. Does changing your staff really make a difference . Ultimately it is the candidate, isnt it . Basil ultimately it is the candidate. I dont think anyone should look at these changes in his Campaign Structure and think they have a substantial impact on how the president governs. The impact will be felt on the ground, how the operation itself, the infrastructure is managed. One of the things that i would caution for anyone looking at this race, if you remember, back in 1988, george bush was losing substantially to Michael Dukakis around the same time. If you remember in september, that was the launch of the Willie Horton ad, a highly charged racial add that was meant to invoke fear and apprehension about voting for democrats. Im not saying that that kind of tactic will be used my guess something along those lines will , there ismy point is time enough for a campaign to inject certain tactics that are meant to excite voters that they previously had not been excited. I think when you have a change in personnel in the way that you have, it is meant to do those kinds of shakeups of the organization, the infrastructure. David always a pleasure to have you with us, basil smikle, former executive director of the new york state democratic party. Now it is time for first word news with mark crumpton. The u. K. Prime minister Boris Johnson is nudging britons to go back to their offices in an attempt to revive the economy. He sent starting august 1, employers will have more discretion to bring workers back in. Scientifictop advisers say there is no reason to change his guidance for people to work from home, if they can. The white house is drawn a line in the sand for the next coronavirus aid bill. Officials say President Trump could reject a measure passed by congress if it does not include a payroll tax cut. Democrats and some republicans are cool to the idea. Chief trump medications Anthony Scaramucci wants to see the president humiliated in november. He says President Trump is obviously incompetent. Trying to get the republican vote for joe biden. The president called him a highly unstable nut job. Scored an upset over eliot engel, a show of strength by prescription progressives. The 44yearold was declared the winner of the contest, all but assuring an election in november from the solidly democratic district he represents. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. David thank you, mark. Coming up, we will talk with reggie shock, the head of the Rockefeller Foundation, on their dramatic plan to expand coronavirus testing around the country. This is balance of power on Bloomberg Television and radio. David this is balance of power on Bloomberg Television and radio. Im david westin. In the last 24 hours, there have been more than 75,000 new cases of coronavirus in the country, indicating we are far from the end of the disease. The Rockefeller Foundation has a proposal on how we can do systematic testing throughout the country and they are announcing a second phase with new technology. Shah, the dr. Rajiv head of the Rockefeller Foundation. Give us a sense of what the second phase does, as opposed to the first. Dr. Shah the reality is america is facing a crisis. 75,000 cases, the highest we have had. We are about to enter a new flu season, where americans will have about 100 million cases of the sniffles. If we cannot tell the difference between covid19 and the common cold, it will paralyze everybody who is essential in our workforce and economy. We need to get to 30 million tests a week. Right now we are at about 5 million. Theonly way to get there, second phase, based on a new set of technologies, antigen tests that are cheaper, slightly less sensitive than a traditional pcr tests that america has been using to date, but they can be used more frequently, more easily, often offer point of care results within 15 minutes. Essential workers in america, including teachers, Health Care Workers, firefighters, Police Officers get tested for more frequently, so they can go to work and know that they are safe when they do so through these lower cost, frequently used antigen test. We have laid out a plan for america to get there, it costs 75 million. We are asking congress to consider that investment in the next stimulus bill. We think its the only way out between a major catastrophe in the fall where we may have to shut down the economy again, and losing hundreds of thousands of american lives that we dont need to. David there is the issue of how many will get tested. You laid out how many we should be. Also, how fast the test results come back. 7, 8 days, it is so long, you cannot do the Contact Tracing you need to do. You are right. Speed is everything. It is even more important than accuracy once you get above 80 . Today the average return time is five days to seven days. Shows that most of the infections actually happens within a couple of days of people seeking a test. If you get the result a week later, it is basically like you didnt get tested because you have been infecting folks for a week. We need to optimize the way we are doing those pcr tests. Part of that optimization is to move a lot of the basic screening tests that people may do a teacher for example, on an every other week basis should be getting screened on but using these antigen or other low cost, frequently applied, point of service test that will become available between now and the end of november. There is the issue of gathering the data, having it available. The question is who gets the data . We had a question this week with the department of health and Human Services deciding that the cdc should no longer get the data from hospitals. Gettinga matter of hhs it more efficiently and effectively, or is it a problem of us not getting the data that we need . Dr. Shah it is probably both. I dont know the details of why they decided to make that change and what is more efficient in the new regime. What i do think is critically important is that people who are getting screened get the data and quickly. Today in america, professional sports franchises, baseball, basketball, the nfl, they will all test their players and coaches, and they will get the results in a reasonable amount of time. 12 hours, 24 hours. We should be treating teachers, firefighters, Health Care Workers like pro basketball players. Those are the ones that should be getting tested. They should be doing it because they run americas essential institutions, and they are the only chance, keeping them at work safely is the only chance we have of avoiding another national lockdown. And doing at a time when cases are absolutely spiking. Getting the data back to those people quickly, supporting them with Contact Tracing and isolation one positive, and fast, is the only way to prevent this new masses like in cases from really becoming debilitating to the American Economy throughout the fall. This will get worse before it gets better if we dont take this modest investment and action right now. Lets come back to that modest action, as you say. In your proposal, what happens data . He how do we make sure we have effective use of the data for the people that need it, not just for those involved, but for health officials, School Districts . Dr. Shah first and foremost, data goes to local Public Health authorities. It also goes back to the individual who got the test. Then they need to be counseled into either some kind of further test. If they got a screening test, you may want to get them a pcr test, and or in isolation. Data nationally does need to become much more open. We are about to have some new technologies and tools that may allow us to understand, which community is seeing increased prevalence of cases, before even people start to show symptoms. The federal government needs to know that, local authorities need to know that, and frankly, that data should be publicly available so all complex fractures actors and decisionmakers can act on that. There are other things happening that may make that possible in the coming months. America needs a Surveillance System and a clinical diagnostics system. 75 million of investment to get there will save us hundreds of billions of dollars of lost Economic Activity a month if we act now and aggressively, so that we dont get overwhelmed in the fall. Is the horsey, already out of the barn in some parts of the country . We just spoke to somebody in houston, and they are in the range of0 plus positives. Yes. Hah in southern florida, a third of children getting tested are being tested positive. That calls for dramatic action. Unless we have a data system that makes testing broadly available to everybody, collects the data and uses it more effectively, we will be stuck between shutting the economy down or just letting people died. That is not something we can ricochet back and forth between so many communities in america. Some hotspots i suspect will need to shut down to get back on track. But getting back on track requires testing. Testing is the only way to have a datadriven response. The Rockefeller Foundation works with democratic and republican mayors and governors across the country. This is not a partisan issue, this is a patriotic issue. We have a chance to make the right investments, for the Public Sector to work with these private companies who may otherwise sell their Testing Capacity to the highest bidders on the private market and leave low Income School communities exposed, for example. We are all in this together, we have to act that way now. David thank you so much for being with us on that very important proposal you have on testing. Dr. Rajiv shah, president of the Rockefeller Foundation. 6 00, the next episode of wall street week. We will be joined by larry ammers, catherine baker, and member of nuveen. This is bloomberg. Hike Simon Pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. Touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. 49i found you good job. Now im gonna stay here and you go hide. Watch your favorites from anywhere in the house with the Xfinity Stream app. Free with your xfinity service. Now any room can be a tv room. Stream live tv, on demand shows and movies even your dvr recordings. Download the Xfinity Stream app today to stream the entertainment you love. Xfinity. The future of awesome. David this is balance of power on Bloomberg Television and radio. Im david westin. Earlier this hour, we learned in Supreme Courtom justice ruth Bader Ginsburg that she is once again battling cancer. He says she is fully able to participate in court at seven days, but at the same time having biweekly chemotherapy treatments. We welcome jordan from bloomberg law. Give us your best reporting on what is happening to justice ruth Bader Ginsburg. We learned in a statement that she is undergoing trip for a recurrence of cancer. She says a periodic scan in february followed by a biopsy revealed lesions on her liver but she was careful to point out that the chemotherapy treatment she is undergoing has proved to be successful, so it seems she is heading in the right direction. She also made sure to note that she has kept up with her opinion writing and other court work. As she has said in the past, i will remain a member of the court so long as i can do so little steam. She said that she remains fully able to do that. There is never a good time to have cancer, it is fair to say, but if you are a Supreme Court justice, this is not the busiest time of their term. They ended their last term, have not started their next term yet. Traditionally, they often go home and work on other things but dont have the same caseload. Is this a good time for her to be fighting this cancer . Jordan what is interesting is the scenario you laid out in terms of it getting quieter is often the case, however, this week has been incredibly busy behind the scenes at the Supreme Court. They have not been hearing arguments, but they have been hearing a lot of things related to the death penalties, handing down opinions early in the morning. They have been working even more than usual, even though the public is not seeing them argue cases. They have not gone on a brief yet. As you mentioned, no good time to have it, but its been an especially busy time for the court, even if in the past, it has not always been. Is 87 Justice Ginsburg years old. This is also not her first go around with cancer. Jordan that is correct. Justice ginsburg is a fourtime cancer survivor, has been in the hospital of four other issues. Toecent hospitalization remove gallstones and to treat an infection that we learned about recently that she said was unrelated to cancer. Thrown a lot at Justice Ginsburg but she is one of the toughest out there, and has been going strong despite everything. David give us a sense of the process in the Supreme Court, who decides if she is up to serve or not . Is then up to her, or is there a mechanism by which others can say you ought to step back . Jordan formally, it is up to the justice them as it is with other aspects of the court. Certainly there have been times in history where its been suggested to a justice within the core that maybe now is a good time to step down. There hasnt been any indication ist that is happening as it with Justice Ginsburg. As she said, she will stay on the court so long as she can do the job. The latest that we have from her and the court is that that is not changing anytime soon. David appreciate you being with us, jordan rubin, reporting on justice ruth Bader Ginsburg. She is a pivotal justice on the Supreme Court, and we all wish her the very best. Coming up, we will be on radio. We will have richard trumka, whichent of the aflcio, represents 12. 5 million workers. We will talk about this financial cliff that is coming up if congress does not adopt Something Like the heroes act. This is balance of power on Bloomberg Television and radio. N and radio. From new york city, bloomberg real yield starts right now. The bond market wide open for fiscal stimulus. Eu leaders meeting in brussels to secure a spending plan and congress returned to d. C. Negotiating the path forward. Big issue, thehe reopening recovery stalling. We are not expecting a vshaped recovery. Quarter levelsth at the end of this year. We do have a deeper fundamental hole in the economy. We are still dealing with coronavirus outbreak. Challenges around his reopening story. Statistics in the u. S. Continue to pick up