hong kong are extraordinary, and the prime minister says he will take many citizens into the united kingdom. is that right? than 3absolutely, more million potentially hong kong citizens are being allowed citizenship in the united kingdom. extraordinary developments in hong kong. not a lot of clarity and it is difficult to see where the risks actually lie. whether it is easy to abuse or difficult to apply. tom: i agree with you, strongly. i think there has been an getting totion of their friday morning, of getting into the weekend and the experience of each and every day. our team in hong kong is working on that. working on that 24/7. now with our continued reports, our first word news, in new york city, here is ritika gupta. ritika: for the first time, u.s. daily coronavirus cases rose above 50,000. there were increases in big states including texas, florida and california. california halted more reopening s as did new york city. becoming is increasingly a disease of the
opens up today. a little bit of good news there. of course, on bloomberg television worldwide. we say good morning. john, i love that opening where we had christine lagarde ooking at g.d.p., and your conversation with laurence cud low looking at a better than good jobs report. they couldn t be farther away, could they? jonathan: hope bfl this ecovery in the administration. a lack of urgency around the next move on fiscal policy. i think that s critical, catching up with the administration, they were telling me they re going wait until july to see what the data looks like. when they talk about pro-growth policies, i think we re thinking about tax cuts and not emand side push. that will be the debate over the next 30 days. tom: a big debate about that today. but john, i notice dow up 9,000 points off the bottom. dow 18,000, and we continue to advance this morning as well. what is it that sticks out to you? jonathan: you point things out just to wind before he up. so i m going b
different tone. the tone to me this morning, jon, is fascinating. the crosscurrents in the market, i can honestly say, in a zillion years, i have never seen how odd it is right now with the pandemic news, and of course some of that, china and beijing, wrapped around the reaffirmation of wall street, for some form of v-shaped recovery. i was thunderstruck over the weekend, some of the optimism coming out of wall street houses. jon: we will talk about that later in the program. a fresh outbreak in beijing very much the focus this morning, the disappointing data as well. the data does not validate the exuberance we saw in the market as we saw in the month of june. lisa: that is the problem, that demand is not picking up. even though we are seeing manufacturing pickup and production online, we will see perhaps production the consumer is not buying it. junell be getting the u.s. manufacturing press and we will take a look at what else in the day ahead we are also going to be
see the jobs report, francine. i see all sorts of numbers modeled. 6 rate be looking at the u . i do not see any forecast of where that statistic is going, but it harkens back to an american job economy of 1933. francine: we will have a big look on whether we will go back to those depression years. let s get to first word news in london with leigh-ann gerrans. francine, andd, tom, as you were saying, today s jobs report expects to see the u.s. unemployment rate surge to almost 20% last month after reaching the highest level since the great depression in april. the may report is likely to show the jobs slump has extended into white-collar positions. by 7.5s publicly shrank million positions. the jobs report comes out at 8:30 new york time. in buffalo, new york, two police officers have been suspended after a video of them pushing an elderly protester to the ground went viral. the video shows the 75-year-old lying motionless with blood pooling around his head. been hospitalized
our focus of america on christine lagarde yesterday, really stepping up and really confirming the independence of the european central bank. francine: i think you are right. the markets are focusing on more focusing more on what is happening in in europe with the ecb turning more than markets expected at this economic response with extra stimulus from germany and austria today. 750e s optimism this policy from europe they are focusing more on this stimulus and social unrest we saw in the u.s.. the other thing i would point to is the fact that u.s./china trade relations, there s a lot going on with china stepping up 33 of then against chinese company. companies. rick: hsbc tom: hsbc and charter extending into the weekend. here is first word news in new york. today s jobs report is expected to show the u.s. unemployment rate surged almost 20% last month, after reaching the highest level since the great depression in april. the may report is likely to show the jobs slu