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
Will come to the hearing to have differences with. I think that will make up the American Public on the reliance of supply chain of Critical Materials do you consider that our response to the decision to allow huawai with a 5g network that theri government decision crosses the alliance. And with and this specifically looking at cyberattacks. We are divided into two parts really want to be dependent on the Chinese Government when everything goes wrong my argument is probab that the same and then Brigadier General problem that you have another democracies is that intense would join us for part number interest in the telecom two. Thank you very much for your time today your ex military the house of representatives before being elected senator industry dont want to see change and quite frankly they but the commentator on Us Foreign Affairs and are not capable to deploy that particularly the us and china urelationship and you and i have known each other for many type of network that we try
Facebook surges as advertising revenue holds up amid the pandemic. Socgen. Hear from later, shell ceo. Dont miss it. Manus good morning to you. 1. 7 3 billion people on facebook during covid19. Socgen doing more than being on facebook. It loses 326 Million Euros in the First Quarter. The Global Banking division, revenue down. Down by 27 . The revenue at the bank is down by 16 . You have a net loss in terms of guidance, expressing their guidance for the cost of risk in basis points. They are saying 70 basis points in 2020. The underlying return on equity is a negative number, 0. 5 . Loss revenues dropped by 16 . Global banking revenues crumbled by 27 . Those are the top lines. We talked we talked to the Societe Generale ceo. We the nejra virus clouding the future for the chemicals company. What we are getting right now is First Quarter adjusted even at 1. 6 4 billion euros. Thats more than we have got there. We have the withdrawals of the outlook for the 2020 business year. That already
Index is up 1 today as well. Key banks saying memory chipmakers are possibly on the rebound come so that has some rallying today. So that has semis rallying today. Its get to our guest, Charles Dumas of ts lombard. What will mario draghi announced tomorrow . Charles i think he will come through with some further 10 basis point move may be on the negative rates, from 42 50. 40 to 50, and with tiering on the banks. That is the important thing. Theres also likely to be a revisiting of quantitative sing, for which theres about , yeorth of scope Something Like 30 billion a month. Vonnie weve been hearing from strategists and economists that say there is really not much that that kind of easing will do, that that kind of stimulus, and even earlier on, our guest took exception to the word stimulus, saying this is not going to stimulate european economy. Charles i dont think it does. I think your guest was correct. The basic point is for 10 years now, or at least since 2011, the euro zone has
And our nation as a whole. Next Congressional Panel looks at developing a National Paid Program House ways and Means Committee vote on how to pay with advocating a payroll tax on employers and employees. Congressman shares a committee. The committee will come to order. Good morning and welcome to our witnesses some who have traveled considerable distances to be here. Before we move toward scheduled Committee Business i want to take a moment to acknowledge the recent tragic passing of pamela, a valued member of staff with the joint committee for over 40 years. A reminder again of the considerable talent that exist sometimes outside of publicity. Pamela began her career as a joint committee on taxation in may of 1991 and applied her skill in many legislative issues with large and small. Her colleagues on the joint committee almost tireless and dedication to the joint committee and she accepted projects that were analytically difficult and often that of efficient. She was working on a leg