With us. We welcome all of you to a news flow that is simply a cacophony. In the last hour, we really focused on the stimulus. In this hour, we got to focus on the fed. I downloaded tiktok this morning. Jonathan what was the first video . Tom unspeakable english. Certainly on bloomberg radio, it would be inappropriate. But the second and third video were the same way. Jonathan it is popular. We need to do a segment on irony. We are talking about forced sales, technology theft. The Chinese Communist party has been doing this for decades. The u. S. Administration has been talking about reciprocity. Now they are talking about, you know what . If we cant get access to you, you cant get access to us. Underwriting it all will be national security. That is the direction we are challenging here. To be behind microsoft, it seems. Cash, theyillion in certainly have the money to take a dalliance here. That really speaks within technology to finally use some cash. Lisa the question is, will they b
President respond to it today. I am not going to go into it at length, but let me cut to the chase. And arizona are where new york and new jersey were 85 days ago. That is what you need to know. It is extremely important to understand that something has changed in the last 24 hours. This is the story front and center today. Jonathan the numbers are worrying. They are concerning. I am not going to get excited about 3 billion of trade between the eu and the United States. This has got to be about the reopening process. Does it constrain policymakers ability to push forward in states like texas . It. you just nailed consumer confidence, i think, is probably going to be one of the biggest drivers. We are already seeing this anecdotally across the country. Meanwhile, we have economists trying to get their hands on around just what this means. We will get projection from the imf on their latest earth outlook. They already pretty good the deepest recession globally and almost a century. We ar
A number of days of peaceful protests, and indeed, looting and riots as well. What we know for certain is last night was absolutely extraordinary in new york. , Governor Cuomo and mayor de blasio agreed to make the curfew sooner this evening. Jonathan which i think makes sense. I think is really sad is what is getting lost in all of the noise , the reason for the protests to begin with. The mission that has been a mission for a long time in this country for more social justice. Sharperhat becomes of vocus in the days to come and we get away from the noise surrounding the riots. Tom ian bremmer is scheduled to be with us. What i find extraordinary is what is the next step here. Theres all this reporting and the cable news frenzy and all of that, but we got to get to 11 00 a. M. This morning, where i believe the president will speak. Lisa people are wondering what if the local government cant get things under control. What we saw last night was not under control. Theres also a question o
What some of the states are doing, they can open, but its very difficult some of the rules of some of the states are hard core when you look at them, you think ppp versus, geez, those are the rules . Took some ppp before were seeing it . I think its not going to be nearly as easy as people think i do wonder if our show were located in austin if we wouldnt be saying those crazy new yorkers, but we live here. We live in new jersey. I think that its going to be a little bit more difficult for a company to stay in business unless they have great Balance Sheets, and are able to ride the waves. Look at norwegian cruise its a city on a a foreignflagged city on the ocean. I see situations like that, im like be careful. Its not all roses when youre opening. Right additional headlines this morning about pending layoffs, reportedly pending layoffs for the airlines in october. Bankruptcy news, whether its hertz or a few other companies now. The markets looking past a lot of that. I think the marke
Abramowicz some Jonathan Ferro your equity market on the s p 500 slightly negative this morning fantastic lineup looking ahead retail sales just around the corner. Earnings from home depot dropping across the bloomberg tomorrow. Numbers from target results from walmart on thursday. But once again this morning, we have to begin in china. Rate cuts bramo and the data not great at all. The biggest rate cuts going back to 2020. The data coming weaker across the board. Whether it has to do with retail sales, whether it has to do with industrial production. They scrapped their youth unemployment metric, which is not exactly encouraging. And now the question is, are they preparing a big enough stimulus to really stave off weakness that is much deeper than people expected . This is the right signal. The big question, youve alluded to it, whats next . Heres the commentary this morning from standard chartered. The cut has been aggressive from sogdian. This is unlikely to be the last measure. So,