Going to happen then kristie. Well this one to be really interesting because after world war 2 we had a massive growth and that was predominantly. Done by the u. S. And also with china we relied a lot on the trade between like us and china in order to revive growth in order to boost a lot of that post the world war 2 in order to prevent this massive recession in order to get us out of the deficit but the problem is right now the entire world has kind of plateaued in this because theres no country that is currently in this v. Shaped recovery that every single economists predicted and theres absolutely very little chance that theres going to be a vaccine ready by the end of this year as many people have been optimistically hoping for so in that vein there is going to be a lot of heavy reliance on the u. S. As the global g. D. P. Power in order to try to in order to try to spur on additional growth but and right now with the conflict between us and china its going to be very detrimental b
It is a little unusual for the secretary of state to be involved in politics of any shape or form, but it sure does sound like good theater and im anxious to see if youd see it. David ok, many thanks. You will be back with us tomorrow night. We will have live coverage again of the second night of the Republican National Convention Starting at 10 00 p. M. Eastern time. As we said, secretary of state mike pompeo will be appearing from jerusalem as well as First Lady Melania Trump headlining the night. This is coverage of the Republican National convention on Bloomberg Television and radio. Welcome to Bloomberg Markets asia. Asia looking set for gains after wall street extended its record run, investors increasingly optimistic for a virus vaccine and that the Global Pandemic will not drag on the recovery. One progress,e the u. S. And china held trade talks and say they have made advances and both sides insist they are committed to the deal being a success. Rishaad and the Republican Conve
Epidemic your my father should have been met would have meant to help special and i have big old industry he did not deserve big was treated like an animal a local media have shared on internal Police Report in which the officers actions were described as appropriate and consistent with their training however the mayor of rochester ny on stone thursday about the policemen involved in the death of daniel proved have been suspended i am suspending the officers in question today what i saw in that video. Was a man who needed help. A man who needed compassion a man who needed humanity. A man who we should have been suspected. A man who was in crisis. Our response to him. Was wrong. Next on our to International Week of Business News squeezed into less than 25 minutes your recap starts right after the shortest break season. I. This is boom bust the one business show you cant afford to miss branch of boring washington coming up jobless claims in the United States have fallen to their lowest p
Benefited from the stay at home trend, both popped into the open both have gone lower all day long big swings and stocks are set for the second straight week of losses the s p 500 just fell through the 50 huday moving average. 59 minutes to go on a volatile day, week, and final hour of trade. The s p 500 is flat right now. Fwha but that belies the volatility that youre talking about. We have a big lineup on the show coming up, the ceo of kroger will join us on the back of the companys strong Earnings Report better than expected guidance as well plus, labor secretary Eugene Scalia will be with us to discuss the job situation in the country and the renewed push by some companies to bring workers back to the office and one brookings economist has a bold idea to get america back to work and speed up the recovery pay people to have a covid19 vaccine. But lets get straight to the market another wild session to close out a roller coaster week. Mike santoli is tracking all of the action today
Takeover by veolia brexit back lash nancy pelosi says there is no chance of u. S. uk trade deal warning britten ain to break the divorce treaty a warm welcome. Lets kick off the show with a look at the markets. Extending gains after the rally. We have turned negative. You can see all four of the Major Regions are trading lower. The ftse down a half a percentage point the dax has turned negative now. The big event for european investors, no doubt that ecb meeting coming out later today and reacting to the turn around we saw in the u. S. Markets yesterday. We did see major indices recoup the selloff. The positive momentum not enough to continue to todays session looking to the break down and the best performing parts. Food and beverage and travel and leisure also rebounding. Noting every sector et cetera travel and leisure advanced. Now one of the better performing parts of the market. Chemical, utilities and auto the worst in contrast are the Banking Sector down about 1 down sharply in