Mr. Chairman, my fellow americans my fellow democrats, i proudly accept the nomination of our party. applause this moment is one of personal pride and gratification. Yet one cannot help but well reflect the deep sadness that we feel over the troubles and the violence which have erupted lid regrettably and tragically in the streets of this great city. And for the personal injuries which have occurred. Thats Hubert Humphrey accepting the 1968 democratic nomination for president. A chicagos comrade hilton hotel. The democrats had gathered for the convention in the midst of the vietnam war while thousands of protesters demonstrated outside. Hubert humphrey longtime minnesota senator and unsuccessful candidate for president in 1968 is the focus of this weeks contenders program. We are live from Minnesota History center. Mick caouette is the documentarian of Hubert Humphreys life. Just finished documentary last year. We are standing in the middle of an exhibit about the tumultuous year of 19
President ial election both candidates are in battleground states trumps held for rallies in pennsylvania states he won by just one percent in 2016 its challenger joe biden brought former president barack obama in to will voters in michigan and barbour says your search for the power to change their country is not fair is learning in your hands i dont care how far down Truck Drivers theres nothing like me senator theres no rejoinder to stop the people who station from voting you know overwhelming numbers came back this democracy. Bridewell in prison. Your people your families in your house while letting rioters roam free and loot your streets and loot you store underbite there will be no school no graduations no wedding is no thanks here. No trees trees no we should know 4th of july there will be no future for our country either that hes going to do a great job. Presents Prime Minister has announced a new 4 week lockdown in england or nonessential businesses will close and people are be
Reporting doing some on Bloomberg News outside the old nike store. It is a pop up for tiffanys as they blow up their iconic fifth avenue 57th street shop. You wonder what the french will do with tiffanys. Its going to be fascinating. In new york, i know on bond street is a different layout. Icons arese luxury within literally two buildings of each other. It will be fascinating to see where they are after the pandemic. Francine same here, tom. Here it is bond street, and we talk about that segmentation, different jewelry categories for different segments of the population. Always a good it did to buy jewelry. Tom i thought schlumberger a was an oil company. Thats how dumb i was. Francine more luxury throughout the day, and politics. Lets get to first word news with ritika gupta. Zeta hasurricane weakened to a Tropical Storm as it heads through the southeastern u. S. , battering new orleans, left to Million People in the dark, and left President Trump to declare an emergency for mississi
Instance continue with High Pressure as you can see right behind me in a building that we have reported yesterday as well this is one of the most devastated buildings around here which had. A poor structure according to the experts and when you speak to the search and rescue teams they say that until they find the last person to be reported to be under the rubble they always have a. Theres anger and frustration in spain about covert 19 restrictions protests in several cities including madrid turned violent spains Prime Minister has condemned the unrest a 6 month state of emergency came into effect this week police in hong kong arrested 7 prodemocracy politicians on charges related to a Legislative Council meeting more than 5 months ago the group is accused of contempt obstructing a session. Police in the french city of leone have arrested a suspect over the shooting of an orthodox priest as the country reels from another attack at a church only days ago the priest was closing his churc
Multiple seeking challenges in the rise of yonperforming loans, so m second question is on banks. The general counsel discuss the onond containment measures european banks . Thank you. Thank you very much for your question. Tltro is a longterm refinancing scheme that is really intended help the financing of the economy because banks are offered very attractive terms in order and provided that the lind to the economy. It is not that they lend to the economy. It is not that it was a very generous package of refinancing without any conditionalities. The banks are going to only be eligible to the very attractive rate of 100 basis points provided that they lend at least as much as they did to the economy. So that is number one. It is an encouragement to finance the economy. And all sectors of the economy, not just large corporate accounts. It is focused on small and mediumsized enterprises. Through the enlargement of collateral pools, we make sure it can reached the small osborne orders and