Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. The market is taking in a few things, european stocks dropping due to these new travel roles. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Israel and the united arab startes have decided to talks. The two sides will hold a range of talks in the coming weeks. In the meantime, israel has agreed to suspend its efforts to annex part of the west bank. Palestinian officials quickly criticize the move, calling it a betrayal. The u. S. Is adding france and netherlands and malta to its quarantined list. People now have to isolate for 14 days. It comes as the u. K. Has even more lockdown measures and even tougher penalties for ignoring social distancing rules. Fines for not wearing a mask will double to a maximum 3200 pounds. Lai kong media tycoon jimmy accusing china of arresting him on trumped up charges. Lai pushed back a
The freeman foundation. By judy and Peter Blum Kovler foundation; pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewers like you. Thank you. America. And jane obrien. Reporting from new york city. Violence on the streets. Chaos in the government. Otesters in beirut vent their anger over last weeks massive explosion. The countrys Prime Minister says his government has stepped down. Na announce the reson of this government. Y mad protect lebanon. May god protect lebanon. May goprotect lebanon. Jane brazils growing emergency. The country is struggthng to contaicoronavirus pandemic, with more than 100,000 fatalities reported. More wrangling over relief aid in the u. S. Lawmakers struggle to find Common Ground after President Trump offered a pof his own. And more alarming news about the ice shelves of antarctica. A new report shows just how much has been lost as Global Temperatures rise. On pbl of you watching and around the globe, welcome to
quicksilver record job market. businesses are investing in america at record rates. this is partly strongest rebound in american manufacturing and over three decades. that is not selling a recession to meet. let s bring in heaven he s a former chairman of the council of economic advisors and distinguish a visiting fellow at the hoover institution. great to see you my friend. you got inflation right you got the gdp numbers right, you said this is going to be a negative quarter, the second in a row. how bad is this, at least a stagflation not recession, how long is it going to last? it is a very bad. it s going to get a lot worse in the second half of the year, sadly. i think one of the reasons is going to get a lot worse as the biden administration is in denial and they re not pursuing policies that are necessary right now to help the fed out. what are the things they keep saying is we are not really in recession because the labor market is strong. but they re not really l
Unemployment benefits that came after the order that was signed by the president. Unemployment today, 10 percent per the election today is 84 days away. It will get a sense of where we are. Good afternoon. Where do things stand at thi hour . Kicky i think its a bit of a stalemate, but look, the American People are sick of the stalemate. They want to get a result, and the results are to be directly related to the covid 19 crisis. Kids back in school, jobs, healthcare, direct cash payment to low income people who need our help. Those items should not be in dispute, and this hang up over sending over 1 trillion down t the state and local government, weve already sent them 150 billion and theyve only spent 25 percent of what we sen them before. So take that off the table and lets get this assistance directly to the people who need it. Is there any movement at 3 0 . Any movement, any conversations with nancy pelosi . Kicky were having plenty of conversations among ourselves breaky are you t
Hearings from time to time. Ive never seen anything like this before. Obviously it was correlated, the call was to have you up there and treat you like a pinata, absolutely disrespectful. What were you thinking that was going on what you make of this . Cuban attorney general twice now. I think they were afraid to have me speak and so they decided to burn up all the time and not give me any time to answer so i quickly caught on to the tactic. And, what do you make of the change of the whole nature of hearings now . I mean they accused you of being a murderer, a terrorist, i was getting nervous that someday might grab a molotov cocktail from behind the table and throw it at you. What you make of it. I have perspective of being attorney general 30 years ago and now. I thought things were partisan until 30 years ago, nothing compared to ted tay. Things have fundamentally changed and i think what has happened, i been thinking about this because in the old days you could have friends across