House of representatives before being elected senator. You are a regular, to use for the first and particularly on the u. S. And china relationship. For transparency, you and i have done each other for many, many years. I think prior to you entering politics so thank you very much indeed for your time today. Can i just say on a wider note we are very conscious that we meet during a challenging time for the u. S. Following the tragic death of george floyd. Our thoughts are very much with those impacted by this tragedy. The u. S. Is not alone in needing to do more to tackle the underlying issues but our thoughts and prayers are very much with those who are directly affected. Could i invite you to say a few words as an opening statement, then well move into questions. Thank you very much indeed. Thank you, mr. Chair and thank you for this kind words about some of the strife on our streets today. Of course we all want justice for george floyd and we are all deeply disturbed by that horrifi
This for bloomberg on the economy. I am going to lose the introductions this morning and get right to the moment. Weve got great markets. Yields higher, dow futures up 300, etc. No one is focused on anything but an update on this grim labor economy. Jonathan how quickly can this labor market hell is the question we ask every single month now, and we will ask it continually through the morning . Maybe we getting median estimate , maybe it comes outside of that. But the question hasnt changed. It is how quickly we will heal after a big downturn in a very short space of time. Tom a lot of opinions on that, and of course, as i was just mentioning, across the 10 of the american demographic, it will be a different rate of change for the haves and the havenots. And, what is so important, you nailed this a number of weeks ago, is the damage to the broad middle class. We are focused on the elites at bloomberg, and we are focused on maybe the people that service the elites, but it is a broad swa
Heated ever, and the last 10 weeks is basically stealing that ground is the most heated rally we have had in quite some time. Caroline brian jacobson, lets get back to him. Wells fargo Asset Management strategist. Are you committed to equities now . What about other assets . Taylor focused on the weakening dollar. Where else are opportunities . U. S. Treasury yields are still through the floor even though we saw a bit of a selloff today. Brian yes, even though we have seen it come up a little bit, the twoyear, at 75 basis points, or 0. 75 on a 10 year treasury, we do like the highyield area. But you need to discriminate within that between the energy names and the nonenergy names. Indexerg has a fantastic on highyield excluding energy, and it is fascinating how that from losses, but not completely. It is mainly the energy names that have been down. But that might be showing signs of coming back to life. We do like highyield. Italy, we have been seeing a bit of a rotation with some euro
Belief that in every respect he has acted responsibly and legally and with integrity the u. K. Prime minister of defense is chief adviser whos under pressure to resign over claims breach that lockdown. And dont calm protest is mobilizing there are thousands rallying against chinas plan to impose National Security goals. We begin the news hour in libya where russian mercenaries who have been fighting in support of the warlord holly for how far are leaving the country the mayor of the town of bani walid has confirmed that theyre evacuating through the airport there after withdrawing from the capital tripoli this follows a series of setbacks for have terrorist forces whove been fighting to take territory from libyas internationally recognized government mahmoud head is in tripoli for us. The major advancement after us forces achieved over the past year is mainly attributed to that all of the russian mercenaries from the bag no group that have been recruited by have to us forces and as you
To deliver a light, naturalsmelling freshness. Febreze one neutralizes stale, stuffy odors and releases a subtle hint of fragrance like bamboo or lavender eucalyptus. To eliminate odors with no heavy perfumes, try febreze one. Brand power. Helping you buy better. Advance placement exams are being given online for the first time. Students took three exams yesterday in physics and politics. Todays subjects are latin, calculus, and geography. This years exams only have material that most ap classes should have covered by midmarch when schools began to close. The College Board says there were fewer technical glitches than expected. Turning to that one tool so many of us reach for to keep ourselves and our families safe in this age of covid19. But for weeks has been nearly impossible to find. Those disinfecting wipes. Clorox says that five times as many people are now buying wipes, scooping them off the store shelves as fast as stores can restock them. In an exclusive interview with gmas Mi