the u.s. revoking its special trading status. washington says china's tightening grip undermines its traditional autonomy. been battered by protests, the coronavirus pandemic, and fallout from trade tensions. businesses are failing, tourism has collapsed, and confidence is shot. sweeping new security loss for hong kong later on tuesday after imposing visa bans on americans it says are interfering in its affairs. look at the take a set up after the u.s. paring back some of the gains. better-than-expected housing data overweighting these continued can turns and continued resurgence. continued returns and continued resurgence. sophie. sophie: futures are pointing higher. chinese pmi is expected to show some stabilization from manufacturing while services face a setback. from south korea, we are getting a may industrial output. that was a bigger contraction than the expected 4.5% via well vol that was seen in a survey. nikkei futures in chicago heading higher and this is adding up the topix for th

the u.s. federal reserve in this printing of u.s. dollars is resulting in a new consequence from one of the largest holders of american debt we're talking of course about china according to new reports china which is the 2nd largest foreign creditor has decided to not wait for the devaluation of the u.s. dollar and is actively selling american debt keep in mind during the 1st quarter of 2020 the fed printed more than 2 trillion dollars with more on the way last year china got rid of $110000000000.00 u.s. treasuries and within just the past few weeks they have dropped another $10000000000.00 aside from the massive printing of u.s. dollars another major issue for the chinese has been talk of the fed moving to negative interest rates now if this happens it would be the 1st time the u.s. has attempted to go negative and that alone is raising big concerns for those who are holding u.s. debt according to standard chartered economists the federal funds rate at minus 0.5 or even minus one percent will result in a significant drop in governme

the u.s., as the number of cases rise in texas, florida, and elsewhere. zero raise are here to stay. managing expectations about the u.s. recovery. and take away takeovers. is buying grubhub in a $73 billion deal. good morning, everyone. this is "bloomberg surveillance." i am francine lacqua here in london. the markets are really focused today in the u.s., that second wave, we were debating on whether we could call it a second wave. big resurgence of cases. alsos are down, futures down. rates, but also because jay powell talking about the economic a coverage. rebounding from the losses we saw yesterday. gold actually holding after most of yesterday's gains. now let's get to the bloomberg first word news in london with dani burger. hi, dani. ani: hi francine. ,california's hospitalizations are the highest in nearly a month. according to johns hopkins university, the number of confirmed cases have top 2 million. the government made a string of failures and is handling of the coronavirus crisis.

that includes the u.s. a lot of investors have been overweight u.s. i think there is a case now even to diversify a bit out of the u.s. because on the one hand, the virus news flow, but you also might face some political issues. your question on china, what is interesting about the situation is that at least according to the headlines, it has been under control now. that would also be critical in the next few months to -- our policymakers able to avoid lockdown on a broad scale? is it going to be localized? related to that, there is a lot of news flow on the farmers' -- in the pharma side that can all help alleviate these concerns about the second waves. atncine: when you look central banks around the world, christian, i know it is difficult to predict exactly what the lockdown means when economies can fully reopen -- where do you see animal spirits may be being stronger than we thought? we look at the hard data. is there anything in terms of softer data like consumer spending or chief executives willing to spend some money that makes you think that t

nejra: top u.s. health is puttig the reopening narrative and official anthony fauci noted a disturbing surge in new cases and reopening states and says the next couple of weeks will be critical to address this. he told lawmakers that he was cautiously optimistic a vaccine will be ready by the end of the year. joining us for the hour is georgina taylor. great to have you with us. thanks for joining today. it is really interesting that we are seeing a reasonable amount of risk appetite across markets despite all the warning signs we have just talked about. how pro risk are you across your multi-asset portfolio as you weigh out the second half of the year and the risks of a second wave? georgina: good morning. thank you for having me. i think it is the dilemma we are all facing as investors right now. to look at the immediate in sense of the data coming through. mathematical,he constructive turning countries back on in terms of manufacturing data, data yesterday that was encouraging. putting that agains

u.s. tries to reopen. listen to mark zandi from moody's. he says this highlights the depth of despair in america, racial tensions and poverty. any people have lost their jobs, more than 30 million in the united states. yvonne: you are seeing signs of protesters being arrested. there were reports a truck driver was arrested in neapolis after barreling through some protesters. the situation is still very fluid after a weekend of fire and rage we saw in the country. we are seeing that pressure a little bit in u.s. futures. we have reversed some of the earlier losses. the markets seem to be shrugging this type of risk off. there is a risk of the reopening process in these economies and the u.s. to be disrupted and a risk of a second wave of infections if we see more of these protests. the markets, we are still looking at some really good gains in the asia-pacific. we mentioned the s&p and dow futures punching higher. following the risk rally we are seeing after two months of solid gains. the d

the u.s. imposes sanctions against the international criminal court targeting its lawyers investigated suspected would crimes in afghanistan what's behind president donald trump's move this is inside story. hello and welcome to the program i'm iran can the united states is facing criticism around the world for its latest threats against the international criminal court president donald trump has signed an executive order sanctioning the i.c.c. staff and their families the u.s. which is not a member of the hague based tribunal is angry at investigations into suspected war crimes in afghanistan that could implicate its soldiers the i.c.c. called the sanctions and unprecedented attack rights groups are worried about the potential impact on international justice will bring in our guest in a moment but 1st roslyn jordan has this report from washington d.c. . the united states has never been a party to the international criminal court in the hague it says the court does not have the right to put u.s

troop commitment the u.s. troop presence in europe is greater now than it has been that it even was under president obama but that remains to be seen whether whether that will continue with these threats from president trump and whether it's true that there are more boots on the ground or not what he has done to shake up unity to make the case constantly wonder what he has up his sleeve next i don't know that that makes up for having more u.s. soldiers on the ground here yeah that's a point that we should not forget the results on the story for you brussels tonight syria as always thank you. the day is almost done the conversation continues online join us on twitter user d w news you can follow me at brit golf t.v. and remember whatever happens between now and then tomorrow is another day we'll see you then everybody. behind the beautiful sparkle lives in an ugly secret it might come. natural minimoog gives cosmetics the shirt. but most of it comes from illegal mines in india. and those who extract it from chi

u.s. policing budget and of course the u.s. defense budget is not the same as what the u.s. spends a mrs includes all kinds of things including health care for members of the u.s. military and their families the cost of bases domestically a lot of things it's not just the overall and the legal come i mean you would agree with me that damn i'm sick why didn't. the countries combined it and not it's clearly going to superpower related out of states have to have ample security budget my question was about the choice of priorities because whilst russia and china anacondas are not taking our security lightly but that bad balancing of him after iowa is a slightly different and they have a new face but the basic right yes so the correct comparison i think would be to train their operational budget for wars overseas and the domestic budget in the u.s. which actually was about $1.00 to $1.00 at the height of the war on terror it wasn't significantly larger overseas in domestically but the other question is whether it's a reasonable comparison right because well the u.s. law enforceme

targets is what u.s. trade leaders are saying they feel like they're being discriminated against so they're not happy about and that's why they walked away well at least it looked like there was supposed to be a conversation about this we've seen the united states think right of wars with other countries in the last couple of years and some took a you know you managed to to get into one with china the world's 2nd largest economy and that caused a lot of harm to to the economy especially to certain sectors like farmers for example but how is a potential trade war now stemming from this and break it down for us what would that look like with the european union right like you said sara we can't afford another trade war with any country at all much less dozens and that's essentially what you could potentially be looking at because there's $140.00 countries that were part of this group if you will that was trying to negotiate new tax rules and the united states has been seeing this coming for some time it's no

attacked u.s. troops, but have killed hundreds of afghan civilians and security forces d launched a targeted assassination campaign against journalist travel in this van. today, children bloodied and orphaned. two years ago the u.s. and russia began a more serious battle. u.s. funded afghan fighters were eventuallyth forced soviets to leave. u.s. officials say the russis s have alwaynted payback in afghanistan. they likely increased toir assistancehe taliban upset u.s. plans. because the u.s. had not pushed back strongly enough on prior u.s. support. i am nick schifrin. tion from's get re two key lawmakers on capitol hill. the chairman of the house intelligence committee, representative adam scf california. he joins us now from capil what do you believe happened here? rep. schiff: we want to gethe full answers from the intelligence agencies. we asked them t physically ief our committee. we have asked for a full house briefing. we want to know, are the russians offering bounties to kill american tro

people in cities across the u.s. and the 5 curfews to continue protesting against police brutality for 6 months president obama was blaming the far left group known as the front of the violence at some protests. china has reportedly asked its state owned companies to stop buying soybeans and pork from the united states now it appears to be further retaliate to threats by washington to end preferential treatment for hong kong u.s. president donald trump announced the move after beijing's that it would impose a new security law in the territory which critics say further erodes its autonomy hong kong doesn't join special trade and travel privileges with the u.s. which are extended to the main. and china's also hit out at president trump's threat to revoke the visas of chinese students accusing him of racism. we bowed to the u.s. to immediately stop restricting and suppressing chinese students in the u.s. by using various excuses immediately revoke this wrong decision and respect and protect the legitimate rights and int

big win for elon --the first time u.s. pilots u.s. assets of loan from u.s. soil since 2011. global news 24 hours a day on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine: thank you so much. violence erected in dozens of cities across the states following the death of george floyd after a white police officer pressed a knee into his neck. some demonstrators broke off to rampage through shopping districts and set fire to police cars. the chaos in the otherwise peaceful protest comes as america works to recover from the coronavirus pandemic which shut down economies which resulted in tens of millions of lost jobs. leslie, the figures and what happen last week is truck -- is shocking with the killing of this black man. how will this change the narrative in the u.s.? >> i think what it's done is brought race back up to the center of the debate and what we have been seeing is the discussion of the 100,000 deaths in the pandemic and climbing, the 40 million who have registered for unemploy

in the u.s. the last chance for the public to bid farewell to george florida throngs of people are filing by the casket of the african american whose death in police custody sparked protests around the world we'll get the latest from houston texas also coming up tonight a tricky job begins in removing damaged scaffolding from. make a mistake and the whole thing might come tumbling down.

former u.s. national security advisor john bolton says president trump asked foreign leaders to help boost his reelection chances that's just one of a number of accusations made the negs of bolton's new book set to be released next week both the u.s. justice department and the white house are taking legal action to try to block it michaela has more from washington. the democrat controlled house of representatives impeach president trump for his dealings with ukraine ruling that he'd withheld aid to leverage information about his political opponent joe biden john bolton refused an invitation to testify before the house but now alleges that this action was typical of president trump's dealing with a number of countries and he criticizes the house for limiting its investigation to ukraine's had they taken the time to inquire more systematically about trump's behavior across its entire foreign policy john bolton writes the impeachment outcome would have been different in published excerpts from his b

the u.s. is dead set on doing and with good reason, they are a trusted and wonderful partner and a buttress of american security. they rogue court can intimidate our friend or any other ally into giving up its right of self-defense, that puts americans at risk as well. absent corrective action, we expect the icc will continue its present reckless course. i have laid out the courts process laws and to the danger it poses to americans and its allies, but we oppose the court also because it is ineffective and corrupt. in 18 years of operation, the court must have to buy nearly 1000 people, have secured only for convictions and they have spent over $1 billion. nonetheless, the judges recently brought suit against their own court, seeking a 26% pay raise from their tax-free annual salary. that is a quarter of a million dollars u.s. dollars. this record of botched prosecutions has cast doubt on the courts ability to function at the most basic level and demonstrates a highly politicized nature of thi

haidi: u.s. stocks slumped as investors grew anxious about the resurgence of virus cases in multiple states hampering the broader recovery. the s&p rally has stalled. it looks to be fighting an uphill battle from here. we are stuck in wait and see mode as we see the 200 day moving average and -- staying firmly in the midrange. bound tradingow action holding for a while, that could see some difficulty breaking through to the old highs. let's bring in a portfolio manager, who joins us now. great to have you. we are finally seeing investors, i guess, stumbling as we get worry continuing to build? >> i couldn't agree more. at some point, although we are positioned to respond, we expect to see a trading range as we earnings and as increased cases come up and we have the elections coming up later in the year, all of which will be in focus for investors as we navigate the next months. so farwhat we have seen that has driven the dislocation between the economy and the markets has been the guarantee of pl

the u.s. president has confirmed he is ordering a significant reduction in the number of american troops stationed in germany donald trump accuses the ally of being delinquent in paying for its own defense and that its contributions tomatoes budget. and president trump says that he'll sign an executive order on police reform on tuesday but he's been vague about what kind of measures it will include trump says that it will ensure the police reform is done fairly justly and safely. a saudi led military coalition has been removed from the united nations black list it had been added to the list several years ago because of the killing of the. injuring of children in the war in yemen u.n. secretary general antonio television said that the coalition would be delisted following a sustained significant decrease in killing and maiming by airstrikes and the introduction of measures aimed at protecting protecting children our diplomatic as a james bay is has more now from the un it comes out every year a

u.s. as the number of infections rise in texas, california, and florida -- all recently reopened states. not even thinking about raising rates. a dovish jay powell signals that zero rates are here to stay as he seeks to manage expectations about the u.s. recovery. and enough from the ecb. policymakers are tiptoeing into a deep debate on more seamless, some warning that inflation risks are too high. we will speak with jean-claude trichet this hour. good morning, everyone. this is "bloomberg surveillance." i'm francine lacqua, here in london. tom keene in new york. a clear reversal when it comes to the cautious outlook that the fed outlined yesterday, partly due to the number of infections rising in the u.s., it also partly due to the rally we had last week. tom: those are the two big stories francine, there is no question that the chairman ended the debate about a v-shaped recovery. amy that will happen, maybe it will not. he made -- maybe that will happen, maybe it will not. ,s you rightly

and u.s. president donald trump says he will sign an executive order on police reform on tuesday trump says it will police reform is done fairly justly and safely. on the pandemic in latin america brazil has recorded another 627 deaths and more than 20000 new infections meanwhile hospitals in the bolivian city of santa cruz are overwhelmed the video has emerged of a man lying on the pavement and medical staff refusing or unable to help him there's also been a shortage of protective equipment the hospital stuff. well europe's motors are also reopening 3 months after they were shuts down when it came reports on one of those borders between germany and denmark. for much of the past few months it's been almost impossible for most people to cross here in a region where cross border links are historically strong but now some restrictions have been relaxed and germans living in the border region can cross into denmark as well as some tourists planning a long stay if you are not a german citizen from

cliff: with the u.s. president, it's kind of an obvious statement, but since he made that rose garden statement about hong kong, i mean, he has been completely absorbed by the u.s. protests. think he hasnot had a lot of time to consider the options in front of him. we're stills -- looking for further measures to be announced in conjunction with hong kong, particularly before the september elections in hong kong. meane: so what would that for, i guess, the broader theme of u.s. and china's trade relation? do you think the hong kong story becomes more of a prominent issue between the two sides? cliff: the hong kong story is the catalyst. it catalyzed a lot of anti-china sentiment in the u.s., but also in other countries. it's becoming like a larger ball. i think one of the things that will be surprising to some observers in asia, is let's say trump loses the election, i think initially the markets will think all of this will go away. i think what will be surprising's how much of this sticks, or how much of

some catch-up with the u.s. u.s. futures look a little more sanguin, of the y very aware violence that's been taking place. weighing on investors' minds no doubt although equity markets seem to be last from this story week. we'll see whether that lasts. that's what we've got in erms of the futures picture. it's interesting to see the asian market and how risk on asian markets were, particularly the hang seng. 3.4%.ng kong up by even the chinese up. ong kong market up very strongly. we did hear from trump on friday and he talked about anctions being possible with regards to china and its activities in hong kong but he didn't go as far and wasn't as specific as some had expected he might be. hong esult, we see kong equities moving to the upside and singapore equities as well. coming through the asian session and european futures do point higher in defiance of some of the gloomy headlines we have. get to first world news. erupted in several u.s. cities following the death of george floyd. custody.n police it's ranged fr

the u.s. and afghan air campaign over the past few years has been weaken the taliban's presence and continues. and even after the deal with the united states was made the fighting hasn't stopped as the taliban has continued to attack afghan forces must kill at the end of the resident junkie the dish be able to live on the edge of the spielberg of the spear when does it go in my eyes you've got about a little that i'm about at low level still but it is clearly the. whole on. the. brink of fire coming from my direction we're going to get out here enough. 3 weeks after the airstrike the u.s. military said they had conducted an investigation and that there were no casualties . how did you feel when the u.s. military said there were no casualties. and the only neil little are told by one of the 131 was what if i knew to. go in and want to stuff a lot of going to. need to get them up who she had other women. who had a name in there within the. bar lost his wife and 2 of his daughters his son who was

u.s. president donald trump says some of the $10000.00 u.s. troops to be withdrawn from germany will probably be moved to poland made a statement during a white house visit by his polish conduct under a duda a staunch ally of the us today is the 1st foreign leader to visit the united states during the coronavirus pandemic he's running for reelection on sunday. d.w. washington bureau chief alexander phenomena joins us from the white house rose garden xandra how likely are we to see u.s. troops moved from germany to poland or is there something else at play here. well at 1st president was quite be doing that press conference saying that poland's have had asked for more u.s. troops and that they will probably be moving from germany to poland but then he got more precise more more specific saying that the u.s. is going to reduce you as troops in germany some of them are going home some of them are will be going to different places and one of the places will be whole and so he seems to have made his mind and this announcement was a huge win for the

u.s. economy and the virus. it will buy corporate bonds to ensure companies can borrow cash. u.s. stocks edged higher following the fed's comments. the s&p closing up after falling as much as 2.5%. the virus infections now pushed 8 million globally. haveoutbreaks in the u.s. some states weighing whether to pause reopening. shery: let's get you started with a quick check of the markets. we are seeing u.s. futures up 2/10 of 1%. it was a very volatile trading session. we had a boost after the fed pledged to follow through with the corporate bond purchase, but then again, we had concerns over a second wave of the pandemic. not to mention the white house now ending an unemployment bonus program on july 31. we have the s&p 500 gained 8/10 of 1%. at one point, they lost as much as 2.5%. it was a really volatile session. financials and staples led to gains, after dropping last week by the most since march. take a look at how the dollar is doing now. we have seen the dollar underperforming against

ty on u.s. troops-- new intelligence reports conclude a russian military unit oteered to pay taliban fighrs to kill u.s. soldiers in afghanistan. and, a long race-- soupi sudanese olc hopefuls living in japan hold onto their dream despite the postponement of the games. all that and more on tonight's pbs newshour. >> major funding for the pbs nehour has been provided b >> when the world gets complicated, a lot goes through with fidelity wealth management, a dedicated advisor can tailor advice and recommendations to that's fidelity w management. >> the william and flora hewlett foundation. for more than 50 years, advancing ideas and supporting institutions to promote a better world. at www.hlett.org. >> and with the ongoing support of these institutions: and individuals. >> this program was made possible by the corporation for public broadcasting. and by contributions toour pbs ation from viewers like you. thank you. >> woodruff: the coronavirus pandemic has claimed the livesof ome 503,000 people

u.s. and ended unchanged. not getting a lot of direction in futures. euro stocks futures treading water. we are heading for a weekly gain for global equities. resuming gains for this week is what we are looking at. the 10-year treasury yield is unchanged on a 70-handle. both the dollar and the yen are headed for weekly gains. that says something about the risk off tilt we might be heading for. oil in the green today and also looking to resume weekly gains. aat is after some signs of comeback in demand. we got some commentary on that this week. we have some breaking corporate news to get to hear. group, the ceo will be succeeded. this is a story we have been waiting to get a development on. we were waiting to hear about that succession plan. ralph hamers will be replaced. we will bring you more on that story as we get it through that hour. after worse than expected jobless applications from the u.s., initial claims showed only gradual improvement with continuing claims remaining high. the w

the u.s. has introduced more sanctions against syria's government and its backers warning it won't stop until president bashar assad ends the war against his own people some of those targeted are in neighboring lebanon and this is expected to worsen its economic crisis as the government seeks help from the international monetary fund side horrid reports from beirut. lebanon strictly poor it was getting ready to play a role in the rebuilding of syria a few kilometers from the border it's well placed to become a logistics hub for local and international companies but any foreign investment or business dealings with president bashar assad's government will now be punishable by u.s. sanctions the measure targets assets political and economic backers some of them are in lebanon i think it would be very difficult for lebanon to keep maintaining his relationships with the syrian regime it's going to be difficult they will not be able to reconcile before syria is the only functioning land border leban

as the u.s. dollar extends gains following the best session in april. checking that chart on the terminal, it is out of oversold territory and looking to test the 200 day line as strategists debate if there will be a larger structural downturn. expects thehe dollar's core fundamentals will drive weakness. sharing. they: for a look at where dollar is headed as well as other currencies, let's bring in eric nelson, the currency strategist at wells fargo securities. great to have you with us. that's start with the dollar. we have seeing this huge correlation between the dollar and u.s. stocks. gtv chart on the bloomberg shows it. not surprisingly, as we had u.s. stocks selling off today, we saw a strengthening of the u.s. dollar, rising the most since april. i do wonder how long this could last because as sophie just mentioned, it seems we are looking at some larger structural downtrend here. we ares talk about where today versus where we were three months ago. the bank in early march -- a situation

see a hold over a one trillion dollars in u.s. debt so the u.s. really can do without trade with china than china can do without trade with the u.s. so it's one thing for the united states to put sanctions on a country and some of its beds for example i think that's what happened with russia for example but when they knock you off with that's a much more difficult blow right they explain what happens when you get knocked off us with what happens to a country what can it not do. but it essentially means a new cancer you are cut off from the entire global monetary network and media have no access to liquidity you have no access to the dollars or you can't send international payment supplements and or any pay for anything that are currently settled in u.s. dollars and most of the global international trade currently is denominated in u.s. dollars that includes oil that includes agricultural goods that includes basic supply should necessity materials energy all of the above all of that is currently denominated u.s. dollars that would be a very severe

u.s. has been consumed by protests against police brutality. latest flashpoint in the unrest is atlanta, georgia, where an officer killed a black man on friday. atlanta mayor vowing on sunday that america will quote get to the other side of this. the medical examiner says rayshard brooks, 27, died from two gunshot wounds to the back which caused organ damage and blood loss. district attorney considering felony murder charges against the police officer who shot him and is expected to make a decision on charges by wednesday. that officer was fired and atlanta police chief also resigned in the wake of this latest incident. killing of brooks reigniting the fury over the death of george floyd in minneapolis last month which set off nationwide and worldwide demonstrations against racial injustice. and we're getting a clearer picture of the moments leading up to that shooting. deadly encounter captured on police body cam and other video. cnn's boris sanchez has a report from the scene. >> reporte

both in the u.s. u.s. purchased medical supplies. the u.s. just sent to u.s. medical supplies but the delivery of a russian field hospital to italy had some speculation concern that some of the employees of that field hospital may have been intelligence specialists. so there's lots of distrust on both sides even when there's a humanitarian gesture that should be positive, it has a double edged sword. >> thomas, let me turn to you about the mediums that countries are using today. obviously most people are going to be aware of information or disinformation put out on social immediamedia, but there are als of other options including hacking into computer systems and leaking information. how do you see, what are the primary tools you'll see as being used along these lines? >> yeah, that's a, an interesting question. i wondered if i can quickly back back to heather's response and add a twist that i think is, we can see in the archives coming out. is that okay, seth? >> so -- operation denver, which was the kgb code name for the operation infection sometimes is the

and not in africa but in germany the u.s. does a lot of activities a lot of military activities a lot of operations out of germany instead of the united states it's much closer to the middle east for example where there are a lot of a troop movements going on so i think that what nato hopes and what secretary general stolzenberg hopes is that they can convince president trump that it's in his own interest not to take this move and of course it's in nato as interest that that there are not fewer american troops on the ground here it is a constant refrain that we hear out of nato headquarters that no matter what trump says on the ground he has actually increased u.s. support for europe if troops leave that that refrain doesn't sound quite as believable so everyone feels more safer with more u.s. troops on the ground in germany and i think that's very much what what the allies are hoping will be the end result no matter what president trump said yesterday. redeploying some of these troops from germany east to poland and tools th

troopsse imagery of u.s. on u.s. streets clamping down on u.s. citizens, that might go some way towards that, if indeed we do get there. mark: i think it is a very emotional story, very upsetting story from a humanitarian side, but it is not yet that big of a market story. there is an extra risk premium, like we saw yesterday morning on the show, the fact that it is generally a very risk-on day but u.s. futures are the asset class that is lacking. the dollar is slightly weaker as well. it is feeding into markets, the margin, but it is not considered a global issue. it is considered a u.s. issue. it will slow the economic recovery and cause more problems. whether it becomes a much bigger risk event, i think, if martial law is actually declared, which nobody really sees as a viable possibility at the moment, it just seems so beyond what is expected in the u.s., and i do think there is a risk of innocent bystanders, if they start getting caught up in this at some point. i think there is a chance for this to escalate still, but at the moment, it is p

is the u.s. planning to further weaponize the u.s. dollar by sanctioning china cut them off from the rest of the global economy is china capable of striking back by rallying the world around perhaps its own cause and currency. joining me now to answer these questions is the co-host of boom bust christy i. he's the host of. a global market analysts to take us through this christine let's start with china because i mentioned and what it feels mentioned a while ago that the united states has punished other countries russia being one of those but china seems to fear that the united states is going to go even further than it did with russia explain that to us. well china right now is being very proactive and it's as you said earlier any of the numbers taking a defensive stance right now to prepare for the possibility of being cut off from the u.s. dollar payment system in case the u.s. sanctions china chinese companies and banks and right now this is perceived as a real risk from china standpoint because they are quite vulnerable the u.s.

the u.s. unemployment numbers are in and the latest figures from the labor department reported 1500000 more americans filed for unemployment last week this is up from the expected 1300000 well this also marked the 11th straight weekly decline in applications but also the 13 consecutive weeks or week where jobless claims remain above 1000000 well this is a total of more than 45000000 americans have filed for unemployment as a chronic virus continues to slow the u.s. economy and with many states reopening and some old jobs returning the total number of people receiving unemployment actually slightly fell well to talk more about the markets we turn to our panel of the out of training group co-host chrystia i am let's start with you unemployment data came from came back and it's worse than expected but something else was also quite unexpected there we're getting it our actual on employed workers how did this happen. so when the. group was put into the drafting more really. the rules are. limit whi

there is a distinction between the u.s. economy and the u.s. market. i am not optimistic about the u.s. economy. much. in north asia, more -- much better even in europe. -- rest of the world will the u.s. market, which has a heavy preponderance of health i think that is the reason why the u.s. market is going to be a very difficult market to beat, and the currencies may be a slightly different issue. the euro may be different because -- particularly the fixed income, the u.s. being much.s months -- down as or a major rotation into value, which is all the market has been sickg, i'll be -- albeit -- albeit on can -- albeit unsuccessfully. tom: a brilliant note this weekend on the dynamics of world exports. as you know, they are down, down, down after a soggy previous year as well. how does the collapse in world exports full into the silliness of gaming and guessing the so-called v-shaped recovery? bhanu: this is such an important point. was negative last -- tariffs were impacting exports. now you have a trade war with the care -- now you have the coronav

the u.s. attorney of new jersey is said to become the acting u.s. attorney in manhattan on july 3rd. normally, when the u.s. attorney is replaced and there's a nominee, the deputy u.s. attorney runs the office until the nominee is confirmed by the senate. and there's no reason that that shouldn't happen here. the deputy in manhattan is very, very capable and experienced lawyer. that kind of really tells you a little about what this was about. this wasn't about jeff berman is isn't doing a good job. this is about investigations going on in the office, and them, wanting to stall them or thwart them all together. that's disturbing to me. >> the president has not liked how previous investigations were carried out. berman's office investigated michael cohen and is investigating rudy giuliani, as well. what investigations are under way right now, that would not be pleasing to this president? >> the rudy giuliani is at the top of the list. his associates, igor fruman and popovic is going to be tried in the fall. rudy giuliani is tied up in that investigati

meanwhile people in the western u.s. have been dealing with temperatures reaching into the 40s in phoenix and las vegas on tuesday, even portland a high of 33 degrees on tuesday which is 10 degrees warmer than usual. muggy conditions are also expected in the eastern -- northeastern u.s. i should say. highs for new york and washington, d.c. will exceed 30 degrees. that's all for now. have a nice day. stay safe. ♪ >>> all right. that is nhk "newsline" for this hour. thank you for staying with us on nhk world japan. xxx ♪ >> welcome t to "newsline in depth." i i'm aiko doden. today we focus on the closing dadays of world w ii. even after japan surrendered, fighting continued in okinawa fa to the south as japanese forces resisted the u.s. milita advance. the battle of okinawa was the bloodiest fighting on japanese soil. in all, over 200,000 people died, most of them civilians. one-quarter of the local population perished. it c came to a an e end on sept 7th, 1945, when the japananese forces in okinawa signed a document o

and meantime the u.s. department of transportation is now easing restrictions on flights to and from china the u.s. and china will allow each for weekly flights between the countries the decision comes after china's civil aviation authority allowed delta and united airlines to restart their service the d.-o. t. remains in open negotiations with china. and over to the u.k. where scientists at the imperial college of london began immunizing people with their experimental code 19 shot it's the latest in the race to find a vaccine about a dozen vaccine candidates are in the early stages of testing with hopes that a vaccine could be reached by the end of the year now the british government's goal is to immunize $300.00 healthy people with 2 doses of this vaccine. let's go over to regina ham at the sports h.q. regina runners aren't going many places literally do to cope at 19 but one athlete found a way to beat these quarantine blues because you know that's right michele running is really the last thing on anyon

the u.s. house of representatives passes a sweeping police reform bill sending it to the senate but it has no chance of being approved. france germany and it's a call for an immediate cease fire in libya and for an end to all foreign involvement in the country. there are security forces have raided a base belonging to an iranian backed militia group 10 rockets were seized down at least 14 members of hezbollah detained along with commanders members of the group are now in the secure green zone demanding their release a large serious amount of fault it is in baghdad and sent us this update. the read on the kids had as well that babies in a southern neighborhood of baghdad was carried out on thursday night by the iraqi counterterrorism service in an effort to create and impending rocket attack on the green zone and baghdad international airport both of which houses u.s. troops now discounters in the wake of several such attacks 6 to be precise which have occurred throughout the month subsequently

and the u.s. army was almost 2000000 strong on the continent at the end of world war 2 in 1905 that number was brought down significantly 4 years later it was boosted again to more than 400000 military personnel in 1962 as the cold war with the soviet union grew but it was slashed by 2 thirds after the fall of the berlin wall those stationed in germany were gradually reduced over the years but the country has remained a crucial military hub for the u.s. it's where the headquarters for u.s. forces in europe and africa based and it hosts an air base from which soldiers and equipment are transferred to iraq and afghanistan. thank you well let's bring in our guests now and joining us from walpole massachusetts is andrew base of a u.s. military historian and president of the quincy institute for responsible state craft from lynn is only a political analyst and professor in european studies at stanford university berlin and from moscow we have pavel felgenhauer a journalist and defense analyst thank you

success, the one success has been u.s. physical -- u.s. visible large caps, particularly the select tech giants. when we rebalance here -- and let's assume everybody wants to be intelligent about that -- do you lighten up on the successful names to do something else, or do you sustain them unchanged and then do something else? which is it? rick: i think the right answer is to retain holdings where you really are confident about long-term growth rates. i think there is a concentration risk in some markets, particularly in the u.s. where you have capitalization coming from a small number of names. what we would like to see is a broadening l. this kind of acceleration history that we are going through is likely to see a broadening l with the benefits of technology from an investor perspective. beyond those top names. provided there are thresholds in that, we have a confidence quotient that measures how likely it is that growth can continue from an earnings perspective. just heard there from rick lacaille is critical. this large question about