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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Business partners to speak of the future that they see in entertainment and education, which is front and center for mr. James. But also his future in basketball. This is a lengthy article. You will see a special tomorrow on Bloomberg Businessweek. We will have highlights for you all through the morning. Lebron james is something very different. For our International Audience, basketball is a shockingly simple game. Five players aside, there is a circle at the end 10 feet off the ground with netting, real simple, you put the ball in the basket and you go home. No one has done it like lebron james. I want to make clear, the shock of lebron james is that he is only 69. There are many other bigger, taller people in the sport, but no one has executed in the game like mr. James. He is called a power forward, and that is a big deal for a little guy at 69. Here is lebron james on his new entertainment venture, springhill. Lebron it stems from my upbringing, from akron. For us, when we talk ab

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

York times article today on the gravity across the entire sunbelt. It is going to be fascinating to see how the mayors and the with ars buttress up washington that seems to feel like the pandemic has moved on. That is decidedly not the case this morning. Jonathan the pandemic has not moved on. We turn to the Economic Data a little later this morning. We constrain the reopening process for the economy. Neither is positive for the economic outlook. We are already seeing that was companies hesitant to rehire people as a result of a lack of confidence. Read ofget the latest initial jobless claims in the united states. The pace of filing is still very high, 1. 3 million filings expected. Hear from, we will the sec chair in front of the House Financial Services committee. Interesting to hear what he says. Later today, we get the fed stress test results, possibly indicating whether banks may have to cut dividends. A lot of people are already expecting they will curtail those payments. See wha

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Transcripts For BLOOMBERG Bloomberg Technology 20240712

Slavery had been abolished, two years after the emancipation proclamation. Meantime, President Trump ready for a planned rally saturday in oklahoma, where 100,000 protesters are scheduled to gather in oklahoma. Protesterstipolice ahead of the president is first rally in months. Meantime, big tech in the spotlight amid scrutiny at home and abroad and charges with the eu. Joining us now is the leader of u. S. Antitrust efforts against microsoft back in the day. Gary, thanks for joining us. Lets start without strong you believe the eu case against amazon is. Gary pretty strong, based on everything we read. The eu is going to charge with amazon with misusing data it gets from merchants on its site. Think, is going to claim amazon uses that data to help amazon make copycat products that compete against the very merchants they are supposed to be supporting. The press has done great analytical reporting, and it appears that exactly the cake that is exactly the case, based on interviews with f

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

March and early april. How is it in london and the United Kingdom . Is the same tension there . Francine attention remains around the world but i think if politiciandoner, a in the u. K. , france, and spain, look at states that reopened may be more quickly than others, maybe without the same precautions than others, to try to give you a sense of what you should be doing. In london, if you look at our rate of infection, still below 1. Boris johnson this week said bars could reopen july 4. We will see as the number of cases around the world increase, exactly if consumers will go out and spend like the Prime Minister has asked them to. Return one has done the to sport like english premier football. It has been extraordinary. Their distinctive from the disaster that is american sports. Speaking of that, jason kelly in february began a project in speaking to the basketball star lebron james. Little did mr. Kelly know that this would be an extraordinary moment for bloomberg and also the spea

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Transcripts For BLOOMBERG Bloomberg Markets Americas 20240712

That is really interesting, if they are allowing them to take on risk, you would presume that would help the economy and funnel more money out there. Later on, speaking with a buyer ceo. There has been a 10 million settlement after the acquisition of monsanto. So lets get into the bigger story of the day, what is happening with infections. We want to bring in a doctor to help us understand everything. We have with this a senior scholar from the Johns Hopkins school of Public Health. This after records have been anden in florida, texas california with hospitalizations. , whatmarket participant are the figures and numbers we have to Pay Attention to to understand the feedthrough of infections into the economy . Amesh it is the percent positivity, meaning how hard has a become to find cases. We are seeing places like arizona, florida and texas where it is about 5 , now going into the 20 range. That tells you the outbreak is not under control in those states. The other thing to look at is

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