Today about a labor picture. And the shift from a pandemic and furloughed over to a real question about job layoffs. Francine yeah. I think this is the time. In the u. K. , we had the many budget yesterday that gives a little more support to workers. If you look at most of the furlough schemes in the u. K. And what is happening in the u. S. , you can assume some of the money would run out by the end of the summer. This is the exact time to look at the permanent shift to the labor economy and what did come in two to three years. Tom we have a terrific our for you. We will talk to our guest about mr. Buffett, mergers, and acquisitions. We acquired the first word news in new york city. Ritika joe biden will call for a moderate approach toward reviving the u. S. Economy today. In his speech in pennsylvania, the democratic nominee will stay away from more ambitious proposals pushed by progressives. He plans covers several areas including a push to buy american and incentivize american jobs.
We saw a little bit of volatility with stocks starting the day on a down note. Crude oil is the one to watch after this attack on oil tankers after the tanker incident in the gulf of oman. We will be speaking to reporters on the ground. This is the picture for the u. S. 10 year yield. Also looking at the pound but this is the first day were we have u. K. Lawmakers doing the first round of voting. Voting to choose the next Prime Minister want to choose the leader of the tory party. Minister and to choose the leader of the tory party. Coming up next, we speak to the chief executive of the Swiss National bank after their policy decision. But first, lets get bloomberg first word news. Hong kong lawmakers have scrapped a debate on controversial extradition legislation as tensions remain high between police and protesters. The question turns to what happens next and if this will become a prolonged protest. Some say hong kong is not a safe place to keep assets. If you are an investment banker
Until we get validation that inflation is coming down. It is not a matter of if there is a recession, it is when and how much. Announcer this is bloomberg surveillance with jonathan ferro, tom keene and lisa abramowicz. A most unusual tuesday, the market on the move that it is a tuesday of international relations. In two hours plus, the speaker of the house is scheduled to land in taiwan. People looking at flight radar of the trip from singapore through the philippines to taiwan. Jonathan local reports indicating touchdown, something about 10 20. We are all trying to work out how china is going to respond to this. We talked about how china had 35 food exporters. Youre going to see more of that and something more direct, specific cap United States. Tom and maybe even Something Like canceled plans of a bidenxi meeting . Maybe even september. You really wonder of the upset and the ramifications of this for Global Finance and wall street. Jonathan weve been talking about tariffs moments ag