that includes carrie lam, u.s. treasury sanctions on its website, and clearly this is going to be another factor that comes in, the thinking of everybody trying to work out whether to invest their money right now. at the moment you have only got to look at what is happening with the nasdaq and its incredible run to maybe make a conclusion that at the moment, further global tech investors, silicon valley, looking relatively relaxed. spent a lot of time in california covering this. what are you hearing from people about what is going on here? it strikes me as incredible that everybody seems so completely hugeabout what could be storm for the technology sector. you hit it -- taylor: you hit it right on the head there. silicon valley and big tech was continuing to think it was business as usual. when you think about the antitrust things that were underway, defining a lot of the antitrust, interesting that we saw microsoft, the one coming in for tiktok, given that we heard some rumors about apple, but most of the big te

democracy deferred elections in hong kong are delayed for a year sheep executive carrie lam says a surge in coronavirus cases is the reason. and we follow a coronavirus task force and italy israel and look at efforts to contain cope 19 in one of the country's major hotspots. and a story of birds and beer why drinkers in a small town in germany are getting their feathers ruffled. a moment is of thanks for joining us we start in the united states where president donald trump says he'll take action as soon as saturday to ban the chinese own the video app tick-tock trump says he could use emergency economic powers or an executive order to enforce the action u.s. officials say poses a national security threat made concerns that beijing can access the data that collects media reports a white house the white house is also preparing to force to talks owner chinese firm by dance to sell its u.s. operations microsoft is reportedly already in talks as a potential buyer. now let's bring in our business correspondent in new york so what power does trump actually have to put pressure on a chinese comp

we have orders from trump, the pension of the carrie lam and others. flat,ia index currently it is inching towards a positive territory. .1%, 47.04.wn we had july consumer prices coming in, the estimate -- the chinext under pressure, about 1%. the chinext has risen almost double the nasdaq in the past 12 months. a buy.till way buy -- the hang seng under pressure. plenty more to come, the whitening risk between the u.s. and china will be dealt with after this break. this is bloomberg. ♪ >> it is 10:29. here are your first word headlines. the u.s. health secretary is in taiwan for the highest profile visit by a senior american official in decades. alex azar is meeting president moon and taiwan's health minister. it is likely to further strain deteriorating relations between washington and beijing. the chinese foreign ministry said last week it firmly opposes the visit. reports from hong kong say prominent democracy advocate and beijing critic jimmy lai and a number of other people have been arrested. his paper, the apra daily, says he has been detained

lam, amounted to doxy, -- xing, which docx carrie lam said would be a criminal offense. another chapter that is turning into rapidly souring relations between united states and china and also the hong kong government. haidi: what are the latest things we are seeing in hong kong, the reaction of the government, some of the tensions and moves the think taken that you have these critics concerned that you are seeing this tightening of restrictions and tightening of freedoms after the national security law was put through? >> that is right. we have seen some arrests and some charges. wong was of -- joshua more recently charged with his participation in a tiananmen square memorial earlier in july. there have been some moves by the government here to enforce the national security law but also come down on the movement, make sure there is not necessarily more separatist sentiment in hong kong. shery: our chief north asia correspondent with the latest. we will have more on the rising tensions between beijing and washington when we are joined by scott kennedy later today. still a

it came weeks after the white house sanctioned carrie lam. blast,ast week's deadly world leaders are pledging almost $300 million to help rebuild beirut after a virtual conference cohosted by emmanuel macron and the united nations. it comes amid mass protests in lebanon. demonstrators are calling for the resignation of the government over its role in the explosion. global news, 24 hours a day, on onir end at bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. matt: thanks very much. laura wright in london with your first witness. president trump has signed four executive orders related to the coronavirus relief fund. expandednu, unemployment benefits company temporary payroll tax deferral, eviction protection, and student loan relief. as for the stimulus negotiations between the democrats and the republicans, the two are trillions of dollars apart on overall spending. the parties are still disagreeing on aid, state and local government, and the added jobless benefit. let's get into

it is a retaliatory move on the part of the carrie lam regime in hong kong. we will leave it there. 0bviously the carrie lam regime in hong kong. we will leave it there. obviously we will try to get hold of the hong kong government on beijing to get their perspective on this, and talking about beijing's perspective, we have a line from the chinese foreign ministry saying that china has decided to apply sanctions on several us politicians, starting today. this is ted cruz, marco rubio and other us politicians. i haven't seen yet the names of the others, but we will bring them to you. i think that probably is... i don't know what that is specifically, but we have seen tit—for—tat closures of consulates from china, and now tit—for—tat on individuals, the us has sanctioned several individuals, including carrie lam, the chief executive, and in xinjiang, in the north of china. state media in belarus says the incumbent alexander lukashenko, has been declared as the winner of sunday's presidential election with 80% of the votes. at least one person has died a

carrie lam says she can't have the election. she can't have them healthy for those coming out to vote. you have 4.5 million registered voters here. many elderly. that's one of the reasons she stated and she said there will be a media center for the election. that center is being used currently as hospital. as far as the opposition party, the pro-democracy party is saying she is using covid as a cover. the democratic camp had a primary with 600,000 people to show up to vote. they say the government is scared they had momentum and they would have won a significant number of seats in september. on thursday, the government disqualified candidates from running in the election because they didn't support the new national security law. one of those disqualified was joshua wong. a well known activist. >> power and extended their political weapon and my friends as well as well as other democrats and incumbents. beyond any doubt, it is the most scandalous election front ever in hong kong history. >> reporter: and kendis, i heard from the

china has called a us decision to impose sanctions on hong kong's chief executive carrie lam "unscrupulous". washington has accused hong kong's leader of curtailing political freedoms following the introduction of a new security law, imposed by beijing a month ago. the hong kong government is now being accused by some critics of using the resurgence of covid—19 as an excuse to postpone the 2020 parliamentary election. i asked opposition legislative council member claudia mo what she makes of the sanctions. hong kong has been made a pawn for both sides. we are a pawn for both the americans and the chinese. and it is a catch—22 situation for us, sanctions from the outside would only force beijing to become even tougher on its policies in hong kong. and i don't know where this is taking us, but then as far as the jubilation, sense ofjubilation among hong kong people is concerned, it is just still understandable, because we just need to vent our frustration and anger. the indian ocean island of mauritius has declared a state of environmental emergency, as tonnes of fuel spill out of a ship

carrie lam says the restrictions are totally unjustified. says bahrain and sudan will likely be the next countries to make peace with israel. they are expected to follow the lead of the united arab emirates towards normalizing relations. the israeli president has invited the leaders to visit jerusalem. no other senior golf leader is known to have made since the finding of israel. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am available for that flight. coronavirus led to a green revolution for minors? theill hear from the ceo of hp on plans for a greener future. this is bloomberg. ♪ manus: it is daybreak: europe. i am manus cranny. minor, bhp group announced steady profits despite the pandemic but it is cautious about the future. ceo, mike henry about how the minor is looking to go green. >> the recovery continues to be underway and appears to be strong in china. i think we will see white a bit of volatility and uncertainty in the way th

department of treasury for what he called doxx ing the chief executive, carrie lam, putting out personal information such as passport details and the like in the public domain, which the privacy commissioner said is potentially a criminal offense. escalatingwords is between hong kong officials and the united states. we are seeing the sanctions targeting people and their property and assets in the united states -- it is unclear about the extent or the effectiveness of those sanctions and whether they have any assets abroad and whether the banks in hong kong could enforce that -- those sanctions. shery: despite the escalating tensions, it seems the trade deal is still in tact. we are heading to officials meeting on august 15 to review the phase one trade deal as well. >> that is right. that is the big one that is hanging out there, whether that can be done, given all these different tensions between china and the united states. i mentioned tiktok. there could be a federal lawsuit filed soon. that according to npr radio, saying that band by donald trump -- that ban is unconstitutional. ther

imposed sanctions against carrie lam. deadly -- week's people are pledging billions to help rebuild beirut, after a conference by emmanuel macron at the united nations. protests.mid masked demonstrators are calling for the resignation of the government over the role in the explosion. global news, 24 hours a day on air and on quicktake by bloomberg, powered by more than 2,700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. yousef? yousef: thank you. midstng in the bloomberg the guidance or lack thereof. toy're not in a position make a forecast amid the uncertainty. seeing liquidity at 400 million euros to 900 million euros. the key line being they're currently not in a position to make a fiscal year forecast. let's flush out our top story in more detail. he willnuchin says listen to any democratic proposal for a new corona relief package. house speaker nancy pelosi says she hopes talks with the white house resume soon. over the weekend, president trump took executive actions

lam says the delay is necessary to due to a surge in coronavirus cases but opposition will make has accused the government of using the pandemic as a pretext to thwart the pro-democracy movement germany has responded by suspending its extradition treaty with the territory. hong kong's election 4 years ago it should happen again in september instead the poll has been pushed back by a full year not house saving yet though it was a very very difficult decision to postpone the legislative council election which takes place every 4 years but it's necessary to fight off the coronavirus to protect people's health and up hold public safety we also have to ensure the election process is fair and open. thing. ironically to curb the pro-democracy protests on const chief executive has activated a rarely used nearly century old emergency power dating from the british colonial times. that allows for short term only delays to elections. the decision to postpone the trainee trente electrical election has nothing to do with politics has nothing to do with the likely outcome of this round of election

in hong kong, chief executive carrie lam says she's having trouble using your credit cards after banks imposed u.s. sanctions on chinese officials and allies in the city. am because the measures totally unjustified. --res of walmart ri lies shares of walmart arising, led by soaring online orders and its market-leading grocery business. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> the nontariff action hasn't primarily been republican, but bipartisan. kind ofessures gradually push the u.s. and china part, particularly with regard to capital flows, i think will continue whoever is in the white house. kelly, aberdeen standard, with an important comment on china. what anna edwards and i want to do here on bloomberg radio and bloomberg television was just ofse on a tuesday in august 2020 and recalibrate on hong kong. we can do that with karen leigh, our china government editor, to give us perspective on asia, on china, and also her hong kong. i think of

democracy deferred elections in hong kong are delayed for a year chief executive carrie lam says a surge in coronavirus cases is to blame. we follow a coronavirus task force in israel and look at efforts to contain covert $19.00 and $1.00 of the country's major hotspots. i'm all in is a thanks for joining us we start in the united states where president donald trump said he's considering banning the popular video app tick-tock reports indicate he's also considering an alternative forcing the apps owner chinese firm by dance to sell it to an american company u.s. officials claim tick-tock may pose a national security threat citing concerns that china could access the data that collects. with a think $100000000.00 users taught those itself as a digital playground but now it's turning into a box all grown between the u.s. and china. with american suspicious of its owners the be backed up may have exploded in recent years but not everyone is a fun. what do you recommend that people download that up on their phones tonight tomorrow any time currently if you want your private information in th

carrie lam is going to be sanctioned in hong kong. s&p is flat right now. there seeing a big move for dollar. it's trading down as you can see. it's a similar story against most major currencies, including the pound. , youlso see a bond market see some a pretty solid data on the industrial front out of germany and france. that points to a v-shaped recovery. we are going to talk to the cio of capital. it with some of the atlantic you want to put your money in? we will talk about that in the united states. u.s. labor market continues to be a big focus. the jobless rate is 10.2%. ofs is quite a bit shutdowns, a lot of hotspots. jonathan ferro talked to larry his take in that. he was raising that point about the hotspots and how good he thinks this number is. is july 20. thesurging hotspots in south and west in other places began in the back end of june and lasted through july. there was some pullback of reopens. 1.8 million. that was a big decline in the unemployment rate. this will move the single digits easily in the summer and fall. that is larry kudlow tal

and the top target is the city's top official carrie lam, the chief executive here. other targets include the secretaries of justice and security. the current and former police chief, several officials appointed directly by the chinese central government in charge of the hong kong liaison office. in charge of a newly established national security directer here. all of these will be immediately sieved by the u.s. government which is the latest salvo against hong kong since beijing quickly drafted and then imposed a controversial national security law on the city which critics both here in hong kong and around the world, argue demolishes a system of autonomy that the city has supposed to enjoy. just a couple weeks ago, the trump administration announced that it would no longer recognize a special trading status that hong kong had enjoyed, unlike the rest of mainland china. now, the chinese central government bristles at this criticism. it calls it an infringement on china and hong kong's international affairs. and this is just part of a much larger confrontation curren

lam, were sanctioned last friday. sanctions will apply to u.s. senators including ted cruz and marco rubio. the secretary of health and human services has met the taiwan president. r's visit is theighest for u.s.s. official in 40 yearse praised the response to the pandemic. the test was tested as china views taiwan as its own territory. viewed by china as they y feel taiwan is its own territory. has been growing following --sday's blast which killed people and injured 6000 others. while it is not known what caused the fire, sentiment is, my government did this. focus fors the protesters, the barrier leading to parliament. a day after demonstrators storm several ministries, they tried to converge on parliament and were pushed back again by the army and police. demonstrators want to bring down the government whose negligence and corruption, they believe, led to the tragic explosion in the beirut port. >> [speaking in foreign language] >> others, some carrying nooses, resting leaders to design -- resign, say protest shou

and hong kong chief executive carrie lam and 10 otherr officials s are sanctiononed bye u.s. over a contntroversial securityty law. a familiar setting and a familiar story for world champion lewis hamilton. he set the pace for the 70th anniversary grand prix. ♪ anchor: the u.s. state department has called a former top saudi intelligence official a valued partner. it comes a day after he filed a lawsuit in washington, accusing the saudi crown prince of sending a hit squad to kill him. they say they are concerned 's allegations and persecution of his family members are unacceptable. an extraditioned request because they said it was politically motivated. the state department comments were made in a letter to a democratic senator, who requested a formal update on the case. the department praises dr. al-jabri's work with the embassy in riyadh, saying he is someone who responded around-the-clock to threats to u.s. interests in the kingdom. it adds, the department of state is concerned about the activities that led to al-jabri 's exile in canada. the state department is calling f

belonging to hong kong chief executive carrie lam and ten other officials from china and the territory. starting in september, washington will also require goods produced in the territory for export to the u.s. to be labeled as made in china. >>> opposition leaders in belarus are seeking a dialogue with the administration of president alexander lukashenko as turmoil continues following the country's august 9th election. lukashenko claimed victory in the vote to secure a sixth term as president. there have sincece been widesprd prototests and strtrikes amid cs the elecection w was rigged.d. the opposition leaders are demanding that lukashenko resign. they iterated their cause for a change ogogovernment a at a new conference in the capital minsk on wednesday, but lukashenko is showing no sign of backing down. on wednesday he announced plans to punish groups seen as siding with the opposition. moscscow has pledged military supppport to belarusus if neede. russian foreign minister sergey lavrov says he does not see a lack of readiness of dialogue by the belarus government. the european uni

the united state placing sanctions on hong kong's chi executive carrie lam and 11 other officials arguing they were responsible for suppressing democratic processes in the chinese treaty. she announced september. elections will be delayed for a year because of the coronarus. it sparked international condemnation for those who beijing's orders them unrmining hong kong's political freeds. in belarus, thousands have gathered at the capital to support the country's main opposition candidate. she has become an unlikely caate. western europe is bracing itself for a weekend of hot whether -- of hot weather. officials have asked the public to stay cautious in order not to spread covid-19. ♪ samantha: as a coronavirus continues to spread across the globe, the number of infections is rching new heights. there are no more than 19.1 million cases worldwide across 188 t countries aritori. let's look at some ofiohe key internl developments. india has reported more than 62,000 new infections past 24 hours. with that, it became only the third country to cross the 2 million mark. 1 -- more than one mill

the e united states has impoposd sanctions on hong kong leader carrie lam and other leading politicians in t the territoryr. the moveve is in response to china's introduction n of a touh new security line the city. ms. lam and other leadersrs will have assets they own in the u.s. block. sri lanka's ruling party has one a landslide victory in parliamentary elections. they can now amend the constitution to expand powers for president gotabaya rajapaksa and to ensure that his older brother mahinda takes his job as prime minister. residents and tourists have been evacuated from an italian resort on the border with france. the heatwave has created water around 500 cubic meters under the glossy at roughly the size of the cathedral. for the thousands of families who lost loved ones in syria's torture chambers, the truth behind their debts is coming to life. -- deaths is coming to light. photos were smuggled by a syrian army photographer. hundreds of victims have been identified thanks to a new effort to identify the bodies shown in thehe photos. many families are makining devastating discoveri

hong kong's chief executive carrie lam said it was because of concerns.g coronavirus at the white house today our north america editor asked the prs secretary for her response to the news. >> does the president support yie chinese backed hong kong government in de their elections? >> yes i do have an answer for you on the hg kong elections. we condemn the hong kong government's decision to postponeor one year it's legislative council elections and to disqualify opposition candidates. this action undermines the democratic processes and freedoms that have underpinned hu -- underpinned hong kong's prosperity. anchor: john, i was watching that and how caradully she was g her response to your question. what did you make of it? >> well, and then she went on to say, straight after the end of that, i would likeay to tribute to the doctors and nurses looking after the covid victims in america. and i was thinking, i just asked about hong kong and elections there. and she suddenly pivoted to a totally different subject. someone say seamless and others might use the word shameless. she did not like

the united states is placing sanctions on hong kong's chief executive carrie lam and 11 other officials, arguing they were responsible for suppressing democratic processes in the chinese territory. it follows an announcement last week from ms lam that september's elections would be delayed for a year because of the coronavirus, sparking claims she was undermining hong kong's political freedoms. the main challenger to president alexander lukashenko in this sunday's election in belarus has accused the authorities of subverting the poll. svetla na ti kha novs kaya said voters were tired, after 26 years of mr lukashenko's rule. earlier, thousands of people gathered at a rally in the capital, minsk, in support of the opposition candidate. us authorities say they've discovered a highly sophisticated, 400—metre long tunnel running beneath the border with mexico. it was found by arizona officials when a sink—hole appeared in the desert. images show a solid—looking construction with water lines, electrical wiring and railway tracks running along the floor. officials believe it would have b

china has called a us decision to impose sanctions on hong kong's chief executive carrie lam "unscrupulous". washington has accused hong kong s leader of curtailing political freedoms, following the introduction of a new security law, imposed by beijing a month ago. the hong kong government is now being accused of using the resurgence of covid—i9 as an excuse to postpone the 2020 parliamentary election. claudia mo is an opposition legislative council member in hong kong. thank you forjoining us. is this unscrupulous? i wouldn't call it unscrupulous, but obviously, beijing's wooden like it because this is a loss of face —— wouldn't. if you look at online opinion... hong kong people have been under crackdown and then there is this virus panic, you're not allowed to ta ke to virus panic, you're not allowed to take to the streets and so on. people here have been finding this a good way to vent their anger and frustration, and it is almost like a morale booster for frustration, and it is almost like a morale boosterfor some hong kong people. some sanctions on individual hong kong leaders,

hong kong's chief executive, carrie lam, said the poll could not take place as originally scheduled in september because of rising coronavirus infections. emails between the british socialite ghislaine maxwell and the late us sex offender jeffrey epstein have been revealed in a trove of unsealed court documents. epstein tells ms maxwell she has done nothing wrong in the 2015 exchange, which appears to contradict her earlier claims of not having contacted him. and in a deposition, accuser virginia juuf—ray says ms maxwell was as equally involved in sex trafficking as epstein. maxwell has denied these charges. the us department ofjustice has charged three people in relation to a twitter hack on 15july that took over the accounts of high—profile figures including former president barak obama and bill gates. the justice department has named 19—year—old mason sheppard from west sussex in the uk and 22—year old nima fazeli from orlando in florida. the third person is graham ivan clark, 17, who was arrested in tampa, florida. prosecutors say he was allegedly the main figure behind t

the united states is placing sanctions on hong kong's chief executive, carrie lam, and 11 other officials, arguing they were responsible for suppressing democratic processes in the chinese territory. it follows an announcement last week from ms lam that september's elections would be delayed for a year because of the coronavirus, sparking claims she was undermining hong kong's politicalfreedoms. the main challenger to president alexander lukashenko in this sunday's election in belarus has accused the authorities of subverting the poll. svetlana tikhanovskaya said voters were tired, after 26 years of mr lukashenko's rule. earlier, thousands of people gathered at a rally in the capital minsk in support of the opposition candidate. canada will impose $2.7 billion worth of counter—tariffs on american aluminium products after president trump announced a 10% levy on canadian aluminium. the country's deputy prime minister, chrystia freeland, called the us decision "absurd". union leaders are threatening industrial action, after accusing british airways of naked greed, in forcing some cabin cre

hong kong's chief executive, carrie lam, said the poll could not take place as originally scheduled in september because of rising coronavirus infections. a federal appeals court has overturned the death sentence of the boston marathon bomber, dzhokhar tsarnaev. at issue is whether the trial judge had done enough to ensure the jurors weren't biased. but the court upheld his conviction for helping to carry out the attack in 2013, which killed three people and injured more than 260 others. a high—speed train has derailed in the portuguese district of coimbra, killing two and injuring at least 30 others. the train collided with a railway maintenance machine. ajudge in the us has authorised the release of documents relating to a civil case against ghislaine maxwell, who is awaiting trial on charges of trafficking underage girls for her former boyfriend and convicted sex offender, jeffrey epstein. the release included a deposition by accuser virginia giuffre, who says ms maxwell was as equally involved in sex trafficking as epstein. maxwell has denied these charges. the us department ofju

the yunnan states on 11 chinese and hong kong officials, including the chief executive carrie lam. now china retaliating with sanctions of their own on 11 americans, including marco rubio , the republican senator, also ted cruz and tom cotton. plus, pat toomey, a member of the house of representatives. and the human rights watch executive director, kenneth roth. we do not know the extent of the sanctions. the u.s. sanctions on hong kong and chinese officials would include the freezing a bank accounts and property assets if they had them in the united states, putting banks based in hong kong in a bind, who have to comply with u.s. sanctions and the national security law of china. a lot of banks in hong kong are reviewing their client lists and figuring out how to assuage the fears of those nations. basically the chinese foreign ministry spokesperson saying they had to do the sanctions in response to what they call the wrong behaviors of the united states, who behaved badly on hong kong related issues. haslinda: speaking of review, we learned some banks in hong kong are scrutinizing

has imposed sanctions on hong kong's chief executive it says carry lam is directly responsible for implementing a controversial chinese national security level which it called a policy of suppression a range of other officials including the territories police chief of also been targeted the u.s. has been critical of china's actions in the city while tensions between the 2 country also have been steadily rising. a.j.c. lex is the program coming up next probably back with more news for you in about 25 minutes time c then. look up the word there are more than what are you going to. do you think i get the guard thank you everybody. but i do have one or better got a little.

hong kong's chief executive, carrie lam, said the poll could not take place as originally scheduled in september because of rising coronavirus infections. a high—speed train has derailed in the portuguese district of coimbra, killing two and injuring at least 30 others. the train collided with a railway maintenance machine. emails between the british socialite ghislaine maxwell and the late us sex offender jeffrey epstein have been revealed in a trove of unsealed court documents. epstein tells ms maxwell she has done nothing wrong in the 2015 exchange, which appears to contradict her earlier claims of not having contacted him. and, in a deposition, accuser virginia giuffre says ms maxwell was as equally involved in sex trafficking as epstein. maxwell has denied these charges. you can find more on all these stories on our website. just go to bbc.com/news, or download the bbc news app. let's have more onjames murdoch's resignation from the board of news corp. in his letter of resignation, james murdoch cited disagreements over certain editorial content as well as other strategic decisi

lam as ‘shameless and despicable‘ as tensions between china the us continue. the use of face masks in england and scotland is expanded with coverings now compulsory at cinemas, museums stricter lockdown measures are reinforced in preston following a spike in virus cases in the english city. let's get more on the news that uk border force officers have intercepted more boats trying to cross the english channel. the uk government says france should do more to stop them leaving — and shut down the route completely. french police insist they're catching more people attempting to make the trip than ever before. jacqueline mckenzie is an immigration lawyerfrom mckenzie, beute and pope solicitors. shejoins me now from south london. it isa it is a french problem are a british problem? i think it is really, really. both countries are experiencing a problem but really and truly what we have got is a breakdown of the common european asylu m breakdown of the common european asylum system. we do not have a system whereby all the member states of europe are taking respons

lam. the latest move is to conclude three agreements, including the extra tradition -- extradition treaty with hong kong, so building on further measures from the trump administration to tradingspecial treatment that hong kong has benefited from with the u.s.. we can expect further actions in the months ahead. >> thank you. we are getting some breaking news. slew of earnings due out today. 1.7 billioneporting austrian dollars, with a share cents, and aian special dividend of $.18 a share, feel your revenue from operations just shy of 31 billion australian dollars. retail sales have been surprisingly resilient so far in this pandemic in australia, but that is dependent on the strength of any more government stimulus coming through. wesfarmers derives approximately 20% of sales from melbourne, which continues under that strict lockdown. we will be speaking more with robert scott about those earnings at 3:10 p.m. in sydney, was: 10 and hong kong. -- 1:10:00 p.m. in hong kong. , and senatore d

the election was postponed for up to one year by carrie lam under the pretext that it wouldn't be held safely under the coronavirus. many pro-democracy candidates and those who were disqualified politicalt was more persecution, if you will, to limit the chances for a pro-democracy candidate in the election, which is delayed by at least a year. no label the u.s. will hong kong products as aid in china. symbolic or significant? >> limited actual impact area there are few direct exports from hong kong to the u.s., most are re-exports. there are $39 billion worth of exports to the u.s. from hong kong but only one point 2% were domestic hong kong exports. 80% work re-exports from china. of the hongmoval kong special trading status and china is ignoring its unique role as the separate member of the wto. expect hong kong to talk to the wto to see if that is a breach of the rules. yvonne: stephen engle there. bringing you back live pictures coming out of taiwan with alex azar, the u.s. health secretary, visiting a plant that produces face masks. we heard earlier in a telephone briefing from al

friday, on sanctions chinese officials including carrie lam, this over their role in imposing the security law. yan, chiefnow, jinny turn economist. i am trying to work out at the moment if this is symbolic or if it will have any real meaningful economic impact. what is going on, the tit for tat in terms of sanctioning officials. >> i think we have been warned that retaliation is coming, and in the wider periods in the u.s. and europe, market noise will have an impact on the market. china data is still coming up pretty strong, and recent data suggests the fundamentals of china's economic growth will still continue to boost recovery momentum in china. do you think the financial markets are taking this quite well? i look at what is happening with dollar and i see it with a 6.9 handle. in some ways, given the magnitude of some of the commentary i am reading, talking about a cold war two .0, i'm surprised the currency continues to do what it does. but i guess the data that you're talking about could be partly the reason behind that. jinny: the strong data is one factor. the other factor is tha

it will just make people feel that the carrie lam government, and the boss in beijing, are telling hong kong people, "i am the law", and they can do whatever they want. in the year 2020, that is not going to work. the scare tactics are not going to work. an inflatable dinghy carrying around 20 migrants has been met by the border force in the english channel this morning. more than 600 people have reached the uk on small boats since thursday. the immigration minister chris philp says he'll meet french authorities tomorrow to demand stronger measures from them. following calls from the home office for support from the royal navy the ministry of defence says a royal air force atlas aircraft has been flown to support border force operations in the channel. they say the surveillance aircraft is an initial offer of assistance. our correspondent simonjones is on a boat in the channel and sent this update. we took to the water just after five o'clock this morning and, initially, it was much rougher than it is now, where it is pretty calm at the moment. as we were heading out, mid—channel, we

in hong kong, carrie lam said she is having trouble using her credit card after u.s. sanctions were imposed, the trump administration sanctioned chinese officials and their allies in the city in response to sweeping security measures. lam called the measures against are totally unjustified. consumer splurged on do-it-yourself projects in the second quarter. home depot reported sales growth more than twice the breast great analysts had been expected. the-store sales -- twice rate analysts had been expecting. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i amro good group to -- i am ritika gupta. this is bloomberg. ♪ >> we are in a period of deglobalization. we will not get the disinflationary impulse. there is no point where i would say we should buy treasuries. tom: barry knapp has been around the block a number of times with ironside macro economics. he knows if you are not get the reward. another barry knows that as well. his name is barry ritholtz. i'm jealous he ge

., especially with the sanctions levied against carrie lam and the others in the hong kong government friday by the u.s., banks have already begun rejecting transactions related to those 11 designated persons. for the moment, banks are choosing the u.s. over china until china give them reason not to. that flies in the face of the hong kong monetary authority saying that those sanctions have no legal right to be enforced in hong kong. you are seeing global banks ignore that and still follow the u.s. jonathan: what this underlines is the power of the u.s. dollar, and that is the power the united states has right now. as a financial institution have any other choice than to listen to what the united states has to say over and above communist party would ultimately like? daniel: i think banks are still going to follow the u.s. until china give them a reason not to. there is an argument that could be made that compliance in hong kong would be a violation of the newly passed national security law. again, the u.s. is the de facto standard banks will follow until they have reason not to. this

imposed sanctions on carrie lam for curtailing freedoms in the city. county aramco is pressing ahead with plans to pay $75 billion in dividends this year despite slumping profit and a surge in debt. income for the quarter fell 73% from a year earlier but the worst may be over. the oil giants chief executive says it is already seeing a partial recovery in the energy market. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. , thank youa wright so much. up, larger u.k. firms are 10 times more profitable when they have executive boards that are at least one third women, but still, the industry is lagging far behind when it comes to gender equality at the top. we discuss. ♪ nejra: this is "bloomberg daybreak: europe." i'm nejra cehic in london. in the ftse 300, there are more ceos called peter than there are women. shows a disparity that contributes to a sizable loss of profits. here to explain is dani burger. dani: it is not just a social issue,

carrie lam cited the rise in coronavirus cases. the announcement was made just a day after the territory disqualified candidates from the polls. the legislative council election has been held every four years since hong kong's handover in 1997. this is the first time voting has been postponed to such an extent. >> the decision to postpone the 2020 election has nothing to do with politics. nothing to do with the likely outcome of this round of elections. it is purely on the basis of protecting the health and safety of the hong kong people. the delay wassaid necessary because of the rising numbers of coronavirus infections. but her use of emergency powers raises legal and administrative issues. china's parliament would have to step in to approve any issues that could contravene hong kong's basic law. >> we are inviting beijing to interfere again because we are thate to solve the problem the government has created. reporter: foreign governments worn that postponing the election further threatens hong kong's autonomy. china's leaders r

and in hong kong, chief executive carrie lam says she is having trouble using her credit card after u.s. sanctions were imposed. the trump administration sanctioned chinese officials in response to sweeping new security measures that beijing imposed. lamb called the measures against her unjustified. howard by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine and tom? tom: we are committed at bloomberg surveillance to having medical professionals speak to us about the virus. every once in a while and this pandemic, you have to listen to the politicians speak about the virus. >> to everyone that supported other candidates in the primary and to those that may have voted for donald trump in the last election -- watching new york get ambushed by their negligence and watch new york suffer. today, six months after it began, the nation is still unprepared. we had a national strategy. everyone who needs a test gets one for free. everyone has access to a safe vaccine. >> more than 150 thousand people have died and our economy is in shambles because of

you mentioned earlier about this move to sanction chinese officials, including carrie lam, the chief executive of hong kong, handpicked by beijing. hong kong stocks off by more than 1%. , digesting allfu of the news today, thanks so much. monday will be an interesting day. i want to get back to the president's move to ban americans from doing business with tencent and we chat. a huge and potentially far-reaching move. the internet giant losing $35 billion in market value. the company invests in spotify, order comingcutive after a similar move against tiktok and its parent company. sam,ng us to discuss, cybersecurity policy fellow. we are trying to figure out what this means. but if you cut off tencent, how does that ripple through the global economy? sam: there's a lot more uncertainty here. when i'm looking at the executive order, i have three questions. what is the potential extraterritorial reach of this? we talk about u.s. residents, but could it require app stores to remove we chat or tiktok globally? what would that mean for consumers of the iphone in china? why would they buy

this morning, the treasury on 11 topsanctions hong kong officials, including carrie lam. track chinese companies all taking a dive. vonnie: some analysts questioning the wisdom of cutting off business with china. what do the numbers tell us? the russell 2000 is outperforming bigger multinational companies as are presented by the s&p 500, but companies with exposure to china outperform the overall market for the past five months. the earnings that we heard really bear that out. all of the reports indicate china and the asia-pacific region did better than the united states and europe. if they were not gaining, they were declining less than north america. however, having said that, this is more than that. president trump has talked about reciprocity, and ian bremmer has backed that up, saying he has a good point. china does not allow google or facebook or other companies to should in china, so why the u.s. allow others to do the same? certainly a good point. china is a communist system, it has always been. u.s. companies who enter china are fully aware of that. on the contra

chief executive carrie lam said the government is hoping to test 400,000 samples a day. hong kong is hoping to identify silent virus carriers. mainland china will help with the testing, but beijing's offer has been complicated by deep political mistrust after beijing impose a national security law on hong kong. a coronavirus outbreak on a norwegian ship is spreading. norwegian health officials say there are more than 62 confirmed cases following the outbreak. the ship's owner halted all cruises in norway closed its ports to cruises for two weeks. passengers who disembarked along the ship's route may have spread the virus to local communities. in beirut, rescue teams are continuing the grim task of recovering bodies. sent wavesxplosion through the capital tuesday. the blast was apparently caused by ignition of more than 2700 tons of ammonium nitrate that was improperly stored. an investigation is underway. the world has a new centibillionaire. mark zuckerberg's net worth passed $100 billion for the first time thursday. global news 24 hours a day, on air and on bloomberg q

lam their part in curtailing freedom in the former british colony. the 11 will have any property and assets in the u.s. frozen, but it is not clear whether at the -- whether any of the sanctioned officials be affected financially. president trump threatened actions since chinese officials imposed a sweeping new national security law in hong kong. the british government sent $465 million to help businesses in northern ireland to deal with the reds tape -- the red tape called by brexit. protects -- the u.k. says it will help northern ireland firms handle customs declaration and other paperwork involved in importing goods. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. crumpton. this is bloomberg. david? david: u.s. payrolls numbers are always important, but they are also always a bit out of date by the time we get them. for a view of where we are right now in real-time, we welcome martin mucci, ceo of paychex, the second-largest payroll processing company in th

putting sanctions on 11 chinese officials and hong kong officials, including the chief executive carrie lam as well as the police commissioner and others, including the head of the hong kong and macau affairs office out of the state council in beijing. that over what the united states says is the oppression of political rights of hong kong. now china has retaliated with unspecified sanctions of its own on 11 american officials. as you said, not anyone directly tied to the cabinet of donald trump. these are mostly republican congressman, including three senators, marco rubio, ted cruz and tom cotton, plus a republican representative, pat toomey, as well as kenneth roth. roth was denied entry to hong kong back in january when he tried to come here. the foreign ministry spokesperson saying this is in response to the sanctions on 11 americans to the wrong behaviors of the united states who in his estimation behaved badly on the hong kong related issues. however, they did not get into specifics on when these sanctions would entail. the sanctions that the united states imposed on the 11 chine

trumpian sanctioned -- carrie lam, her complicity in the crackdown against these great human rights defenders. >> neil: i wish we had more time. any of you guys travel to travel, i don't know what your plans are, they could arrest you on the spot in china. be careful. thank you very much. the world keeps turning, doesn't it? here comes "the five." ♪ >> dana: hello, everyone. i am dana perino with greg gutfeld, donna brazile, lawrence jones, and dagen mcdowell. it's 5:00 in new york city and this is "the five." president trump taking action on coronavirus relief, bypassing congress after negotiations failed. moments from that we will hear directly from the president. he is blaming the democrats for not acting and holding a news conference where he is sure to talk about his decision to sign executive actions aimed at providing economic relief to millions of americans. here is the president.

. >> hello, everybody, this is what's happening this hour the uso has put sanctions on carrie lam the sanctions freeze any assets of those officials and generally bar americans from doing business with them president trump imposed the sanctions under an executive order last month to punish china for imposing its newest security law. cnbc.com has more on the political strains between the u.s. and china >>> pfizer has agreed to manufacture and supply gilead sciences enviro drug remdesivir. pfizer will manufacture the drug at its mcpherson, kansas facility >>> software company atlassin has told 500 employees they can work from home indefinitely. all the companies' locations, including its headquarters in sydney, will remain open for when employees want to come back it joins a growing list of companies exploring work from home options >>> that's your news kelly, back to you >>> thank you very much. we're looking at pegasystems the company doesn't get nearly as much attention as its widely known competitors, microsoft, ibm, oracle. its customers include everyone from the government to citi

imposed economic sanctions on carrie lam, the pro-beijing leader of hong kong. she's accused of helping implement a tough new chinese security law in the city. a federal appeals court in washington says house democrats may pursue a fight to subpoena former white house counsel don mcgahn. they want to know whether president trump tried to obstruct the russia probe.th white house argues mcgahn has legal immus ty. todaling revives the democrats' lawsuit, but there'sr little time olve the issue before the current congress ends in january. jerry falwell, jr. is taking a enleave of absence as pres and chancellor of liberty university. the evangelical christian school statement this afternoon. the recent days falwell apologized over photos he posted online, one showed his pants unzipped, and his arm ound a young woman. >> wall street struggd wall street struggled to make headway today, as investors poreover the july jobs repor the dow jones industrial average gained 46 points to close at the nasdaq fell 97 points, and the s&p-500 added 2. and brent scowcroft has died.