what morgan said was interesting. for most of the day today it looked a lot calmer than yesterday looked and that's what happened yesterday. it picked up later in the evening. the crowds gathered here. and the stand off with the police looked very different last night. police had lined up. there were barricades outside the police station. police lined up around it and were preventing protesters from getting close. then they put up, overnight they put up fences and barricades so people couldn't get there and that's what broke through. so, it caused a new center of focus for the protesters, the idea that they would then try and take that police station from the police. again, we were very surprised to find out that there were police actually in that building, but there were. there were about five police who came out. they had their weapons with them, fired the gas canisters, and dispersed the crowd which then came this way and started this activity and a fire that occurred over there. so, again, there are fires as you m

what morgan said was interesting. for most of the day today, it looked a lot calmer than yesterday looked. and that's what happened yesterday. it picked up later in the evening. the crowds gathered here, and the standoff with the police looked very different last night. police had lined up. there were no barricad-- overni put up fences and barricades so that people couldn't get there. that's what broke through. so it caused a new center of focus for the protesters. the idea that they would then try and take that police station from the police. again, we were very surprised to find out that there were police actually in that building, but there were. there were about five police who came out. they had their weapons with them that fired the gas canisters, and it dispersed the crowd, which then came this way and started this activity and a fire that occurred over there. so, again, there are fires as you mentioned at the top of the show. there are at least four fires that i can see, and that's just in this small radius th

kate >> morgan chesky, thank you. >>> strict rules like that are being implemented in many areas. but as the weather warms up, people i think a success to get outside are crowding public sapace as well and in some cases, ignoring social distancing rules kathy park has that. >> reporter: tonight, quarantine fatigue forcing people outside and on to beaches from coast to coast in los angeles, masks are mandatory but not everyone is putting one on >> i think it's a little disappointing and kind of scary when we're some of the only people like wearing masks. >> reporter: some new jersey beaches launched a soft reopening ahead of the memorial day holiday with restrictions. but that didn't stop these crowds eager for a taste of summer. >> everybody is staying in their own groups and the people that are wearing masks, that's where they're, that's what they want to do. >> reporter: the weekend warm-up also putting new yorkpark to the test as they filled up. this brooklyn park creatively enforcing social distancing with circles, while police handed out masks. >> we're trying to find ways to

continue -- tom: let's continue with andrew sheets of morgan stanley. this string of conversations we have been having has just been extort in every. on this historic day, where there is discussion that has been extraordinary. on this historic day, there can be only one conversation of the debt, and that will be francine lacqua in conversation with governor bailey of the bank of england. that is scheduled for 7:00 a.m. new york time. that will be required listening for global wall street. stay with us. from london and new york, this is bloomberg. ♪ --: we welcome all you view all of you. bloomberg surveillance, in new york and in london with nejra cehic. yorkonversation, 7:00 new time, with the governor of the bank of england. stunning dayay, a of economic data, economic contraction out of london, jobless claims coming up at 8:30 in the united states, another 3 million scheduled with tomorrow's jobs report. widely anticipated in america. andrew sheets with us with morgan stanley. i want to talk about the mathematics you knew at brown. are we going to

they would not be employees of morgan stanley. morgan stanley would largely shift to a model that charles schwab has with independent financial advisers handling brokerage accounts for small investors, helping them, giving them advice and taking a fee. the positive thing for the firm on this, as you know, liz, would be a lot less employees, a lot less real estate, a lot of these brokers as you know are working from home. i believe they all are, right now, working from home. not a lot of people in the new york offices at morgan stanley. so they could continue to work from home, they would keep much more of their money, the firm would be able to reduce expenses on everything from real estate to their insurance costs. it would be a radical move. there are negatives to this as well, as you know. the firm would essentially be farming out its research to independent contractors, not employees, and there's a synergy that occurs when you do work for a firm like this and everything is in house, but this is being discussed at the brokerage

morgan. are there other financials that you own? >> i do. i own bank of america. i think -- most of my money is in j.p. morgan, bank of america and citibank also and i am starting to look a little bit at german financials which obviously have had just a very, very difficult run, but -- some of them are trading really like options at this point. like which one >> that really caught me off guard. german financials. i didn't think those two words would come out of your mouth in that combination >> they rarely do, actually. so a deutsche bank, a commerce bank i'll look at that. i haven't done anything yet. i don't have positions there, but clearly we've seen how negative rates can hurt banks, right? those are two examples, but they've really just gotten annihilated. they're so cheap the value part of it makes me interested. >> guy adami, i'll go to you so many places to go her. >> hi, mel >> hey, guy. gerard's top pick is bac karen is looking at german financials >> yeah. it's interesting i think karen would agree and i don't necessarily know if a deutsch or commerce

morgan stanley warns about inflation. ♪ manus: good morning from bloomberg's middle east headquarters in dubai. i'm manus cranny and your top stories this morning. the moveocks are on amid signs the coronavirus is stabilizing in europe. boris johnson eases the uk's lockdown. boc promises measures and saudi arabia confronts its own predicament by slashing spending and crippling the b.a.t.. the eu commission threatens to sue germany. ursula von der leyen tuesday -- issues a rebuke over eu bond purchases. the debate's life. -- live. there are options trades out there saying we could get the -45bip -- we could get the -45 bips. we hearar rolls over, it is going to kill the dollar. catherine doyle says less likely valentmore likely benefi helicopter money. of thelook at a few other markets, s&p futures, nasdaq undoes losses for 2020. china promising stimulus, japan promising stimulus and tech up. it is all about adhesives. first sales, 4.9 billion. they are ripping up the guidance ofk and this is the core what the earnings season has been. rip it up, and start again. i'm talking about the

an true sheets of morgan stanley is still with us. an true, looking at whata pan as done today and the steps it has taken, i want to ask you how strong you see a risk of deflation globally? andrew: i think the risk of deflation this year is very high. it's almost baked in given how weak the growth is. going to be in 2020. but i think the real question is probably looking out into 2021, 2022, is it more likely we get a deflationnary or disinflation air outcome or inflationary outcome and i think an inflationary outcome is more likely. that's view we have at morgan stanley, the view of our economics team. i think it's driven by the unprecedented policy easing we're seeing out of central banks, the unprecedented stimulus and the fact that we do think growth will be better by 2021, 2022, to chose some of that output gap and drive more inflationary measures to market. nejra: if the deflationnary pressure becomes powerful enough that even a federate at zero starts to look restrictive, could we see negative rates in the u.s. and would that b

morgan. francine come a shock in italy. we'll know the wonderful, wonderful economics of italy and the tragedy this weekend of the loss of alberto a la sina. i interviewed him any number of times out of harvard, and his thoughts on austerity were astounding. a huge loss for italian economics. it isne: i think important to remind everyone that this is not covid related, but was a huge loss for the political and economic fields, which will not be the same without him. for italians, it is a huge loss. he was considered a national treasure, a respected italian economist abroad, tom. tom: a huge loss. we will talk with adam posen about the life of alberto a la sina here. it is a big day for bloomberg surveillance. in all the years i have been doing this. we are going to try a simulcast. look for that today at 7:00. ferro.terwards with jon this is bloomberg. ♪ there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like

>> reporter: family members are concerned for morgan safety. they say this is the first time he has been to mount shasta. >> he doesn't like to be too far away from home. home is his comfort zone. he tries to stay close to his loved ones. >> reporter: morgan's family has a loved message for him. >> i just want you to be okay, i love you. >> reporter: morgan is being described as six feet tall with a slender build the police chief tells me he plans to meet with the business owner tomorrow to look at more surveillance video. he says there are only eight officers in his department, including himself, but that is all hands on deck. >> let's hope they can find him. >>> still had the night, new research on smoking and the coronavirus. the new study from ucsf and what it says about the risk of severe symptoms. >>> also ahead, which masks work best at preventing the spread of coronavirus? we show one style that is not recommended. >>> leader in sports, a big accomplishment from a high school senior from skyline. the honor she received that no student f

dani b: morgan stanley is looking at the forces of central-bank and government, morgan stanley saying the -- meaning down the road we will get a huge pickup in inflation. it will be able to end the cycle we have seen of low growth and low inflation. they also say when you see what coronavirus is doing and expanding the wealth gap in different societies, that is going to force government's to act. that act is going to hurt three factors, which have helped keep inflation low. that is trade policy, tech giants, and corporate titans. they say the wealth gap trying to solve that is essentially going to move those factors from the picture. they say the biggest threat of this researching is in the u.s., and it is like that to be in 2022 when the threat is the biggest, but still it, it is ins cycle of central banks overshooting the target, according to morgan stanley. francine: doesn't that fly in the face of the deepening inflationary trends we have been seeing around the globe? dani: it is certainly a contrarian call. everything from copper to oil to restaurant the hotel prices -- traders h

michael wilson at morgan stanley nailed this. he was cautious into the massive pullback that even he did not on optimism climbed and said you have to participate. andrew slimmon joining us. the leverage off of my wilson's incredible call, we are up 37% on the dow, up 7000 points. now what? andrew: good morning. it is certainly conceivable at this level of rally you have some type of laws -- pause. uat we learned was that the rally would have been desirable because it would allow people an opportunity to get in, but the market does not give people what they want which was the u rally. so as much asly, the market 200 day is due for a pause, this is where it caused into -- caused into thousand nine after a rally. rally. after so many people want a pullback. i get calls from institutions about how to deploy cash that i don't think the market will give that opportunity. i don't think it will be a pause on the way down. tom: so quaint to phrase the words from another time and place, and that is rotation. i am kidding. what are we rotat

there are couple accident out of morgan hill. there was an overturned vehicle and it is at the right shoulder. that is what is adding to bit of a busy right as you commute on the northbound side of 101. give yourself extra time if you're coming out of morgan hill into south san jose. there is another near coyote creek. north of there, things do improve quite a do t veany trou spots out of the south. the only area where you see a few brake lights is around 286/280 connector. i want to take you over to the alatoona pass. if you are going over to the roadways, you're going to see some brake lights out of tracy towards grand. it is 31 minutes and we are seeing some yellow on the sensors for travel. we have not seen that in a while so it is getting busier with more cars on the roadway. you sure fwy looks good in the crane. no delays on highway 4. here is the bay bridge. you can see the toll plaza has a few cars but otherwise it is an easy ride into san francisco. let's check on more with mary. >>> tracking more. we have widespread rai

nbc's morgan chesky has this report >> green flag, nascar is back! >> reporter: the return came with a roar. the nascar race a turning point for all sports their seasons cut off by covid-19 at darlington raceway, a glimpse of the new normal. grandstands empty to keep fans safe on a typical race day, tammy robinson makes vacation money turning her front yard into a parking lot. today it's empty. >> our town is a race town that's what we are we love our fans well love the sound of the noise in the background. >> reporter: now everyone is having to adjust for those at the track, that means temperature checks skeleton pit crews to limit exposure, and drivers masking up if they're not behind the wheel. >> i think anybody that comes back first is going to be under a microscope i do, however, i'm very confident in all the things nascar has done. >> reporter: in florida, drivers of a different kind. pro golf back in action with a charity match. the sport's biggest names carrying their own bags and keeping their distance to raise money for health care workers

george, thanks for being with us >> good morning, morgan. >> so cash on hand, $419 million. so down slightly from the end of 2019, but i think much better than investors were anticipating then, of course, the headline that over 400 deposits from individuals in 44 countries have been taken, representing potentially $100 million plus in future revenue and that was as of the end of april. walk us through those deposits and what you've seen in terms of interest in space tourism and the future sale of tickets, despite the pandemic and the subsequent recession that we're now in >> yeah, morgan, we're really excited by the response that we've seen to our new small-step program. so sort of one small step, one giant leap and as you say, we've now had over 400 people put down their money for this program that puts them at the front of the line for when we do release tickets, some time later on. and you know, what i think it shows is that the demand for these incredible experiences, you only live once kind of experiences is still quite strong and, you know, we've been heartened by that

morgan was on the list. so that's wyatt morgan cooper, my son. i do wish my mom and my dad and my brother carter were alive to meet wyatt, but i like to believe they can see him. i imagine them all together, arms around each other, smiling and laughing and watching, looking down on us. >> goodness. we can imagine that, too. congratulations, anderson, and to that cute, cute little boy. >>> still ahead, a patchwork of plans. today at least 32 states, red and blue, are now loosening some social distancing restrictions. we're going to tell you exactly what you need to know. thanks so much for joining me today. i'm jim sciutto. "newsroom" with john king starts right after a quick break. 0 yea. and in today's difficult times, making sure patients have access to our medicines matters more than ever. find out if you're eligible at abbvie.com/myabbvieassist find out if you're eligible here's the thing about managing for your business.s when you've got public clouds, and private clouds, and hybrid clouds- things can get a bit cloudy for you. but now, there

morgan's not wearing a mask because of tear gas. he's wearing a mask because of the ongoing pandemic. ditto a lot of the protesters we're seeing across the country. number two, this was the day we got to listen in, at least in transcript form, on general flynn, his casual conversation as a private citizen with russian ambassador kislyak. a month before, general flynn was on the government payroll as national security adviser. that's what we're not talking about tonight. what i would like to talk to you about tonight, and i guess i'll have a chit on those other subjects, is crowd control. i neglected to ask chief bratton. what is going on on the streets of this country, and do they bear responsibility for these neighborhoods burning uncontrolled and unabated in addition to the anger we're seeing, well-founded anger on the part of the protesters? >> yeah, our nation's police forces tonight are walking a very, very fine line. they're on a tightrope. on one side of that tightrope is the need to ensure that they protect property and they

i'm carl quintanilla with jon fortt and morgan brennan coming to you live from various locations. the dow and the s&p have gone positive for the month of may, given this rally here. getting close to 2950 levels that have been tested before, actually twice in the last few weeks and we'll see if we can bust through this time bullish headlines, you have powell on 60, we mentioned moderna, detroit reopens not just big cap techs today, apple up 2%, but wells fargo up 5% and oil has a good picture as well, industrials, energy, cyclicals, a lot of things working together in concert in ways that are somewhat unique in recent weeks. >> yeah. you know what's really working, i noticed, expedia and booking holdings, travel names that for obvious reasons have been beaten down, both up more than 10% as is trip adviser. so that hope along with -- that comes with some of these medical breakthroughs that could yield perhaps advances that lead to people moving around, feeling more comfortable, boosting a little bit those stocks that have been most beaten down, morgan >> absolutely. when you're talk

nbc's morgan chesky is also on those streets. are you seeing what ali is seeing. >> we are just a block away from the fifth precincts. you're seeing patrol using tear gas. as you can see, a just deployed smoke canister. we had several hundred if not 1,000 people gathered in this intersection just about 20 minutes ago. and then the state police arrived, they gave the order to disburse, they gave the crowd about a half hour to leave on their own. but when they didn't leave this area, now the state police started moving up little by little, using tear gas. not everyone has that at all. you can see state police running through that gas. trying to move this crowd away. from a numbers standpoint, they have tripled the amount of law enforcement in minneapolis tonight. than they did the prior two or three. so much damage happened. and you can see people making their way away from this street right now. that building is just one of the dozens that have been burned over the past several nights. in the meantime, state police continue to mak

for the afternoon not so comfortable. 101 morgan hill. 98 san jose. redwood city 77 half mono-bay. san francisco 84 degrees. warmer than today. north bay temperatures 99 in san rose. east bay will be baking. 93 oakland. 96 fremont. inland triple digits. it will be sizzling. 103 concord. i want to fast forward to the weekend because i know people will be looking forward to that area of low pressure. switching up the winds. thursday and friday the heat maryland rates. by saturday, we're talking about showers. believe it or not. the 7-day forecast. dangerous heat the next couple days. take it easy. triple digits for two days and upper 90s thursday. 70s. 60s by sea bree friday. by the i think we'll be ready for the chance of showers. and some cooler weather. >> what happened to scorcher torture? that was your new phrase. >> that was ad libbing. call it whatever you want. i'll have a nickname soon. >> thank you. >> tomorrow on good morning america, tracy ellis ross chatting >>> as the bay area begins to reopen. this was a memorial day unlike ♪ feel like getting back out there? nissan

morgan >> contessa brewer, thank you. stay safe out there. >>> joining us is the liaison for target workers unite thanks for being with us today >> thanks for having me. >> so in terms of the fact that you're the liaison, specifically how many target workers are actually participating in the sick out today >> it's several hundred according to our numbers we have a strike pledge that we've been circulating getting workers across the country to sign and commit to sicking out today and last i checked it was several hundred, maybe 300, maybe higher i don't think we'll have a full count until after today to be honest >> and specifically, what are you calling for from target? >> we reduced it to two general demands, proper compensation and proper safety. they, you know, they're pretty good about issuing press releases talking about how they're providing those things or what they define as proper, but i think there's a total disconnect between what us workers consider proper and what p.r. spin from corporate is. >> adam, thanks

morgan. when thissaw is that lockdown started, you had actually about a 40% decline in household credit card spending. so if you see that this progresses, the outlook for essential and nonessential really isctually going to take a hit. when you look at the reopening schedules, they all have to be phased in. even in the places where they have had the most success in asia, you have had the second waves. so the persistence of this -- the duration of this, which is still playing out even as we have gone to reopening strategies -- you know, the infection has peaked. that part of it seems clear in many of the advanced economies and many of the parts of asia, but now you're in the chronic phase. it is not acute, it is chronic, and we are in this malaise phase. so watching the market on a daily basis, there may be the realization this is going to be a longer period to work through. as we take a look at the losses coming out of this crisis. is prettyjoyce, this historic. the u.k. has sold 3.7 billion

and joining us now by tone from minneapolis is nbc news correspondent morgan chesky. and morgan along with our other correspondent ali velshi, you've been on the scene throughout the evening, and then at one point, maybe about 45 minutes ago, it came down from the city to get people out of the area. tell us where you are, what you saw, and what's transpired since then. >> reporter: yeah, chris, i can tell you that we have since kind of created a serious distance from that 3rd precinct police station where we were reporting from for the better part of the evening because the city said that after it had been basically taken over by protesters we were told that there were potential explosives inside that if ignited could pose serious threat. so we went ahead and distanced ourselves from that building. and then when we retreated to a nearby parking lot there was a flurry of gunfire, what we believe to be into the air, but either way our security team made the decision to go ahead and put more distance between us and that very much developing scene. as we pulled away from

i want to bring in morgan radford. morgan, african-americans are getting hit on both sides. more are losing their jobs, so it hurts them economically, but more of them make up frontline workers, so they're taking a bigger health risk, too. how do we solve for this? >> reporter: stephanie, you nailed this. we've been talking about the disparate impact. they're not only -- but now it's affecting their livelihood, almost as if this virus has shift fred an immediate health crisis to one of a staggering economic disparity. if you look all across the country, frontline workers are 40% people of colors. if you look at new york, that number is 75% just here alone. only 30% of black people actually report they are able to do their reports, coupled with the fact that since this pandemic began, black workers have reported they are twice as likely to now lose their jobs during this pandemic. we spoke to three people who are facing this decision just in the past few days. frontline workers who now say they're faced with the impossible decision of putting food on their table and protectin

morgan asset management. coming up, peter orszag, financial advisor of lazard chief executive officer. we will talk with him about some of the m&a and how he sees the market playing out. that is six a clock a.m. in new york and 11:00 a.m. in london. this is bloomberg. ♪ francine: this is "bloomberg surveillance." france's biggest bank has warned that full-year earnings will take a pounding from the coronavirus outbreak. contributing to more than $1 billion in charges and write-downs, the bnp paribas office setting money to one side. officer ofinancial bnp paribas spoke with guy johnson. >> the first one is the cost of risk. the cost of risk, by 500 million. the second effect is related to accounting in our insurance where we have portfolios, investment portfolios which are going to the piano which are linked to what the markets took. they went down. this is a negative effect which would normally taper back up when the market returns. and the third impact of the covid-19 is when it comes to the decisions tha

i want to talk about morgan stanley. a note out at the end of last week talking about inflation, basically saying, "for the first time in a decade, we are finally getting coordinated fiscal and monetary easing, a dynamic we viewed as essential to get out of the low growth, low inflation loop. read between the lines, inflation could be coming." michael: it could be coming, and a lot of people think it may be, but very slowly. obviously saying this is not going to happen for a year or two. we are in the midst of a disinflationary impulse right now. the question is, do we go below zero at some point? that is what central banks are really worried about for the time being. are really worried about for the time being. does this impulse start to fade and inflation not rise? that is what happened a decade ago. we haven't seen this in a decade, but we never got inflation out of that. so nobody is really sure whether this is going to create inflation. the textbooks say it should, but we haven't seen it in a while, so do we? that i

and it's morgan freeman's. vitale wrapped it up, saying of the face, "that's the image of god right there, and i want to see it in my brothers and sisters." classic good-guy statement: "i want to look you in the eyes while i kill you." now, there is one politician

morgan chesky brought this up. my colleague a few moments ago. quote the defendant has his knee on mr. floyd's neck, 2 minutes and 43 seconds of eight minutes were after he was unresponsive. rallying cry for minneapolis and across the country who would like to see more done here. >> not only that, but several times one of the officers according to the complaint said do you think we should turn mr. floyd on his side, defendant said no, going to keep him where he is, that may turn out very important. other thing, where department of justice can help, what is the history of this officer, and that investigation takes a lot of time. what about all the prior complaints, what does it teach us, tell us, what was his reputation, do other officers think he goes after defendant -- arrestees and uses too much force and what do we know about those instances. all those need to be investigated to make a decision whether or not this is going to be superseded. some people are pushing and pushing and promising essentially first degree -- not joyce obviously, but p

morgan, we have seen protesters around the country. the demand the states reopen and not wearing masks as they go to the demonstrations. do you think wearing a mask is a partisan act? >> i think it is hard to tell. i do think there's a vocal minority who are protesting against the stay-at-home orders. we have seen some supporters of the president not wearing masks and not obeying the social distancing recommendations. i think we have seen polling that suggests a broad majority of americans, both democrat and republicans, are wearing masks. usa today reported on 9 out of 10 democrats have worn masks while outside. 8 in 10 republicans. i think the country is obeying the guidelines. >> it is a vocal minority. there's a new fox news poll of registered voters. most trust joe biden to handle the coronavirus with 46%. the president weighs in with 37% of the voters trust. susan? >> some people know former vice president joe biden and that he worked hard with the obama administration to get us through the very hard financial time in 2008. at th

maria: this is pretty serious stuff, morgan. let's talk about implications and hong kong and what the president is saying when hong kong is no longer autonomous, what are the implications of that statement, morgan? >> thanks, maria, so we are required, the state department is required by law to certify to congress the autonomy in hong kong and essentially what that means is in 1997 the chinese communist party committed to hong kong and to the world that hong kong would remain autonomous and that they would be independent of the chinese communist party, so since last march when we last certified to congress we have seen a number of things that happened beginning with extradition law and then you saw protests, many protests to have extradition law where hong kongers can be subject, going back to mainlanded for any sort of prosecution and we saw violent crack-down of the protests and this has been boiling for over a year and the hallmark of the foreign policy of this administration is recognize reality arnold the world. secretary p

>>police say morgan was visiting mount shasta from the bay area with his girlfriend, according to the girlfriend, they got into an argument on may 4th and she broke up with him the next day she told police she left the motel they were staying at it went for a walk when she was returning to her room she told police she pass more gun, but he seemed upset so they didn't speak that was the last time anyone saw or heard from him i really don't that's got any validity or credibility. it supported by evidence not just the police released this surveillance video that captured morgan walking down mount shasta blvd on may 5th corroborating the girlfriend story his debit card hasn't been used since he disappeared and his cell phone last pinged in the bay area before he left for mount shasta but there's anybody out there. >>who might have seen him to know his whereabouts i can't express how much you need to get. im back with us. >>that was megan a mackey reporting manchester police say they followed up on a lot of leads and doug and other cities but again to no avail. another big story today, ful

there's no police presence as morgan said. there's no one stopping anybody. barricades were put up on certain streets around the area, but it doesn't matter because people just move the barricades. there's no police. there continue to be unconfirmed reports on social media about the national guard being activated to do certain things tonight in this city. but that would have to be a very big decision, and given what has happened strategically -- some d debris flying around here. the police have for the last few hours have decided to disengage. they have not engaged with this crowd for many hours today. then when the perimeter of the police station was briefed, they came out and fired the gas canisters and the crash bangs. they've retreated. i'm sure they're gone from that building, long gone from that building. don't know how they got out, but they're gone, and this is what's rest. so this fire, as you predicted, has gone through the roof. it's now gone through the rafters. it's connected to the building next to it, so this block is now essentially on fire, a

morgan stanley says go along. goldman is long but cautious. analyste, microsoft raisesmicrosoft's price target 14%. i'm confused. are you confused? in may -- central banks migrate toward yield curve control. due.ent is millions of americans simply ask for time. good morning, this is "bloomberg surveillance." i am tom in our homes, keene with francine lacqua. francine, it is absolutely extraordinary to look at the ezio s

morgan asset management. that's important to be clear although phil sounded extremely bullish throughout the interview. that's very important to walk away with, that you can be constructive here because of what you're seeing in the markets, but not be, you know, pounding the table >>. >> listen, the price action is hard not to be constructive about and the s&p 500 is getting back to a level near 3,000 and the 200-day moving average is the level it broke out in late october. i am not getting constructive on equities here because of the last point that he made about the headwinds going forward. yes, there were many actions taken by the fed that will be in history, deemed to be historic, but maybe that's because we have historic levels of unemployment that will take years and years to kind of work off and the fact is that we have a consumer-led economy and so listen, i've been wrong for the last month and a half, but the stock market, the s&p 500 has been trading between 2800 or 2950 or so, how hard is that that

to the kaiser report imax keyser time now to go to jason williams he's a co-founder and partner at morgan creek digital jason welcome to the kaiser report hello hello great to have you on now we want to get john for one thing that's going on here is they have an ng it's expected around a may 11th in the big coin having. to explain briefly what that is for folks and have has it been priced in yet so the having is a important event in the big corn world where the allocation of bitcoin gets cut in half it's a devastating event for miners and that they have to have their businesses right or they will essentially go out of business so what you're seeing right now is as an exciting moment a little bit of foam oh people are buying into this event my opinion is though we're going to have a sell the news and probably have a minor capitulation going into the having which causes the price to go down so pressure. but amazing event happens every 4 years and this is the coins olympics yeah a bit coins olympics you know you mention mining there and you got into big coin really mining and doing a lot of

definitely interested to see how all of this progresses this is morgan brennan thanks for joining us on the show, stanley. at least from a market standpoint, company seen as one of the smaller, perhaps less established and i realize it's been around for a while, novavax, but less established companies in the race for a vaccine just speaking from, you know, in terms of what the company actually has on the market already more broadly where offerings are concerned, what does novavax actually bring to this race that perhaps others don't, especially given the fact that it is so crowded right now? >> well, we have a platform that's been proven now we've just opened unblinded a phase three pivotal trial for influenza. we set out to make a better influenza vaccine half a dozen years ago and we compared ourselves to the best selling influenza vaccines in the phase one and phase two and then we did it again in the phase three trial. we opened up the data and it's the best data we've ever seen. we met all of our primary and secondary end points, we showed our vaccine has a much developed much m

santa clara county health officer's is confirming some 40 cases have been traced to a morgan hill fish packing company that distributes seafood to restaurants. tomorrow employees will be tested, but tonight the girlfriend of one of the infected workers is talking about her fear. >> it could impact a lot of people here. here's nbc bay area's cheryl hurd. >> they should shut down their company, test everybody. >> reporter: frustration from a young mother who doesn't want to share her identity. she says tonight that her boyfriend, who is a truck driver for morgan hill's supplier for fish, recently tested positive for covid-19. >> he had no symptoms. he was out in the public, was always told that he would be fine. just to continue wearing a mask and do the proper precautions. >> reporter: she says her boyfriend took those precautions but like many people who work here at the plant, was afraid to speak up for fear of losing their jobs. >> lusaamerica wasn't doing anything about it. they were still having people go into work even though there was a lot of people covid positive. >> reporter:

morgan chesky with that report. morgan, thank you, and we'll be right back. in this time of social distancing, there is one thing we can all do together: complete the 2020 census. your responses are critical to plan for the next 10 years of health care, education, and more. go online to 2020census.gov and help shape america's future. go online to 2020census.gov if you have a garden you know, weeds are low down little scoundrels. draw the line with roundup. the sure shot wand extends with a protective shield to target weeds precisely and kill them right down to the root. roundup brand. trusted for over 40 years. 100% online car buying. carvana's had a lot of firsts. car vending machines. and now, putting you in control of your financing. at carvana, get personalized terms, browse for cars that fit your budget, then customize your down payment and monthly payment. and these aren't made-up numbers. it's what you'll really pay, right down to the penny. whether you're shopping or just looking. it only takes a few seconds, and it won't affect your credit score. fin

well welcome to "squawk alley," i'm carl quintanilla, with jon fortt and morgan brennan busy wednesday morning as powell does the web cast, pretty downbeat message, talks about potential scarring to the economy over the long-term oil inventories helped get the back up. tesla saying the plant will be allowed to go beyond basic operations under strict guidelines joining us this morning is adam jonas, morgan stanley's head of research adam, glad to have you back. >> morning, carl hope you're doing well. >> doing ago a lot of discussions about musk's tweets, the show down with alameda county. sounds like you think the whole back and forth hints at the challenges they're facing in q-2 from a production standpoint >> we think it might there may be a few things at work here. the pain from having production shutdown is clearly, you know, probably more than an annoyance. i think people signing up to the tesla dream longer term don't doubt tesla has the liquidity to ride it out and could access more without a problem but i think elon, part of his -- part of his style has been kind of let's play

this is really coming into the news right now with the study yesterday that morgan cited on the abbott i.d now test and nyu did a study that has not been peer reviewed where they compared the abbott i.d. test with a validated cepheid test and they found it missed one third to one half of positive samples half the time they were telling people who did have the virus they didn't. we reached out to abbott and they dispute the findings and the results are notes consistent with other studies of the test and distributed more than 1.8 million of these tests and the reported rate of false negatives to abbott is 0.02% which they say they previously shared with the fda. they say it's unclear if the samples were tested correctly in the study. in communications with other users of the tests they say it's performing as expected another piece of concern about this test it's the one mainly being used by the white house and was touted by the president in a rose garden ceremony a couple weeks ago i reached out to dr. michael at the university of minnesota about this test and he said he was in disbelief

it will put us to 80234 morgan hill 77 cupertino and 78 in san jose. we have a few low 80s over to the east bay, 80 in pleasanton, 81 danville, also bumping it up to 74 in hayward. peninsula 74 in redwood city and 76 in palo alto. san francisco not quite 70s just yet but you'll be at 67 in the mission and the north bay has lots of 70s here for clearlake, sonoma and novato. while santa rosa and napa will be in the low 80s. my extended forecast, take note in san francisco, goes to the 70s sunday, monday, tuesday, and also on wednesday. and right here across the inland valleys notice that tomorrow night we'll see winds pick up 15 to 25 miles per hour between 6:00 and 11:00 p.m. and then on and off dryer gusts on friday, 15 to 25 miles per hour. that will increase the fire danger. and then notice by memorial day we're up to a hotter 93 degrees. so the heat's on the way. no 100s just yet. we're somewhat there kind of easing into things as we get closer to june. >> that's a lot of heat next week, jeff. you snuck in those 90s. we saw it. >> yeah. it's going t

>>i'm morgan wright in washington, what health experts say congress must do in order to when visible set out to create the future of phone service... we tossed the stuff that wasn't working. stuff like foot-long bills and fees from nowhere. time-wasting stores, misleading ads, unhelpful help centers. and saved the stuff that was working. like verizon's 4g lte network. plus unlimited data, messages, and minutes. it's a simple system. trim the bad... make the good better... and way cheaper. meet visible. unlimited data on verizon's 4g lte network. just $25 for your first month. join us at visible.com. >>we're back at 4.25 as the coronavirus pandemic wears on senators are looking for new ways to protect senior citizens across the country where washington correspondent morgan right now to explain what they're doing. >>health experts say nursing homes were not prepared for the covid-19 pandemic. >>the enormity of this pandemic coupled with the in here through bility nursing home say that even the highest quality nursing homes, largely unprepared doctor tamara can next guest says nursing h

i like jp morgan bk. >> you know for me ifs it's not bitcoin, it's that shoin gdx. >> steve >> apple was under pressure but turned green by one point today. you could wait for the 50-day moving average but apple. >> what was that movie you told me to watch? >> you should watch "young frankenstein" and "blazing saddles" and right into "willie wonka," it could be a gene wilder weekend, i'm just saying. >> final trade >> take a look at the way agn has traded since bottoming out with the rest of the market. agn earnings looking forward to oa in a few minutes. >> that's right, don't go anywhere "oa" is up next. >>> happy friday, everybody. i'm melissa lee. time for "options action," we've got a big show ahead here's what's on deck. >> first up. >> look at that, pay pal and everything. >> and so do we. carter worth takes a look at how you can cash in too. then. >> really, video games >> yes tony zang has been playing around with trades in the space, he'll show you and finally. >> ♪ it's gold it'

and i'll ask you a similar question that i asked morgan. did you sense any change in the vibe after it became clear that at least one of the four officers who was responsible for the death of george floyd were going to be indicted, that that one indictment, did that change the vibe at all earlier today? >> reporter: you know, it's not clear, joy, that there's really much that could have calmed this crowd down. this is a crowd that has a -- you know, as we said, a long history of difficulty, anger with the police here in oakland. the police, as you know, are under a federal consent decree. the oakland police department has been basically under the supervision of an inspector from the department of justice ever since 2003 when a group of rogue police officers were found to be planting drugs and violating people's civil rights. so i don't know that there's much that could have happened in this case other than to drive anger upward at a time when the economy is in a really difficult place, oakland is locked down and under real pressure here whe

that's wyatt morgan cooper, my son. he was -- he was 7.2 pounds at birth and he is sweet and soft and healthy and i am beyond happy. as a gay kid, i never thought it would be possible to have a child and i'm so grateful for all those who paved the way, the doctors, nurses, everyone involved in my son's birth. most of all i am eternally grateful to a surrogate who carried him, watched over him and gave birth to him. it's an extraordinary blessing which she gave to them. my surrogate has a beautiful family of her own, amazingly supportive husband. i'm so thankful for all of the support they have given wyatt and me. she has kids of her own. my family is blessed to have this family in our lives. i do wish my mom and my dad and my brother carter were alive to meet wyatt but i like to believe they can see him. i imagine them altogether arms around each other smiling and laughing and watching looking down on us. happy to know that their love is alive in me and in wyatt and that our family continues new life and new love. >> ju

and joining us by phone from minneapolis is nbc news correspondent morgan chesky. you've been on the scene throughout the evening. at one point, maybe about 45 minutes ago, it came down from the city to get people out of the area. tell us where you are, what you saw, and what's transpired since then. >> reporter: yeah, chris. i can tell you that we have since kind of created a serious distance from that third precinct police station where we were reporting from for the better part of the evening. the city said after it had been basically taken over by protestors, we were told that there were potential explosives inside, that if ignited, would pose serious threats. so we distanced ourself from that building. when we retreated to a nearby parking lot, there was a flurry of gunfire into what we believe into the air. but either way, our security team made the decision to go ahead and put more distance between us and that very much developing scene. as we pulled away from that intersection where we were reporting tonight, i saw an arby's restaurant that had been boarded

radford morgan, thank you. savannah, over to you. >>> all right. coming up next, hoda, countdown to liftoff everything you need to know ahead of tomorrow's historic launch, the first for american astronauts from u.s. soil in nearly a decade. plus how the coronavirus is complicating the groundbreaking mission right after this so to help even more, geico is giving new and current customers a fifteen percent credit on their motorcycle policies with the geico giveback. and because we're committed for the long haul, the credit lasts your full policy term. the geico giveback. helping riders focus on the road ahead. the geico giveback. hey mama, what's up? i only see one price on my phone bill. you're on t-mobile, taxes and fees are included. why can't all my bills be like this? i don't know mama. umph! with t-mobile, taxes and fees are included. and when you switch your family, get 4 lines of unlimited for just $35 a line. yes. neutrogena® ultra sheer. superior protection helps prevent early skin aging and skin canc