Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame
That the worst of this may be behind us. And they can start thinking about what the recovery is going to look like. Someet i know we have earnings coming out. Romaine travel companies will be reporting after the bell. On booking, what we are looking at, the g1 numbers coming in at 2. 29 revenue. That was the estimate for 2. 15. Well belowitda estimates. The estimate was for 363 million. So, no real forecast here. The company did say that covid19 would profoundly impact the travel industry. We will dig deeper to see if we can find a little bit more about any Forward Guidance for the company, basically saying they would emerge from the crisis in a position of strength. Scarlet right now, this is something that all companies are open for, to come out in a position of strength. For we go, i want to get an idea from you. This is something that Joe Weisenthal posited this morning. How much do you think this equity market rally has been premised on the idea that there will be more stimulus, a
Get our stuff. He has raised a quarter billion dollars. You know, average in cilic and sharing how his company is facing the challenges and also introducing us to a new friends. Please welcome sebastian lehman. The Business Model is Pretty Simple. You guys have focused on innovating in certain areas. Can you explain about how you approach innovation . Good morning. Thank you for having me. Excited to be here. We like to compete, not dollar to dollar, but with innovation. In many cases, it is the smarter way to compete. Money is one angle, and an important one. If you are not the most wellcapitalized, you need to find alternatives to compete. One of the innovations that we have, we bright here today. Is a piecethat there of the network that we are building. Ours is called serve. We brought it here. Maybe we can show it. Drives itself. Hopefully not off the stage. It understands that there is an object, so it moves around it. And navigates on the sidewalk. It is built inhouse. The second
Thank you. Moving on to our opening interview. Sometimes plan a does not work out. You have to be ready to improvise. That is one of the themes in our next story and conversation. I want to welcome the cofounder mates, aof post Delivery Service that is part of the race to remake the way beast shop and get our stuff. He has raised a quarter billion dollars. You know, average in cilic and ballet. Sharing how his company is facing the challenges and also introducing us to a new friends. Please welcome sebastian lehman. Ok, the Business Model is Pretty Simple. There are few other Delivery Companies out there that of gotten pretty big as well. But you guys have focused on innovating in certain areas can. Can you explain how you approach innovation . Bastion good morning first of all. Thank you for having me. Excited to be here. We like to complete not dollar per dollar but with innovation as you mentioned. And i think in many cases it is the smarter way to compete. Money is one angle and an
Pesticide on the market despite studies that show it harms childrens rights. Bpa says it is reviewing the epa says it is reviewing the lawsuit. The Illinois House vote budget was delayed while Police Investigate a suspicious powder. The vote would end a record long impact over the budget, reducing the risk of the state on rating would be cut to junk. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Live from bloomberg World Headquarters scarlet in new york, i am julie chatterley. Headquarters in new york, i am julia chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. Missedstion is, what you whatd you miss . Scarlet tensions escalate in hamburg, germany, as leaders assemble for the g20 summit. We will hear from ian bremmer, president of the Eurasia Group. Ck. Labor leader jeremy orbyn says there is potential to cooperate with Prime Minister theresa may. Lets get a look at where the major av