♪ emily: welcome to "bloomberg technology." i am emily chang. stocks going into the green. the nasdaq 100 hitting a record high. democrats meantime proposing a sweeping police reform bill amid nationwide protests continue a across the country about racial inequality. this has big brands large and small continue to respond in kind. amazon splashing a black lives matter banner across its main

page to the anger of some customers. ceo jeff bezos responding personally. facebook continuing to face zuckerberger mark allowed a post suggesting looters be shot from president trump to stand. a report that has been somewhat debated, sending the markets to new highs. i want to bring in abigail been covering has all the action. lots of debates about the job numbers, whether or not they are correct. investors looking optimistic either way. abigail: they are looking optimistic irrespective of those job numbers. if you believe them, even though there is some question, larry kudlow had allowed for some possibility that there was a grounding situation in the way that bls counted certain americans and those jobs. tons of optimism. at the end of the day, it is

very positive in terms of the reopening. the real stir of the animal spirits remains the fed and liquidity they have been pumping into the system. eyese day, record closing about the nasdaq composite and nasdaq 100. at the end of the day, you had stocks that earlier were not dissipating such as apple and microsoft -- not participating, such as apple and microsoft. we did have declines in the golden dragon china index, a composite of chinese companies listed here in the u.s.. both of those down, suggesting that maybe u.s.-china tensions are somewhere on the horizon. inin, on the day, mostly all risk on, record highs. the s&p 500 loss on the year erased. the nasdaq itself at a record closing i, even as the -- record closing high.

investors simply looking past it to the end of this year and next year. emily: talk to us about big tech in particular was driving or not driving the rally. abigail: there was not a lot of participation by big tech. by the end of the day, there was a bit of a catch up by big tech. one winner all day, amazon. i think this has to do with, even though we are reopening, they will continue to benefit as so many americans have started to use their services more. facebook up a little bit, netflix down a little bit. amazon receiving some price targets. overall, lagging on the day. these are the stay-at-home stocks. because we are now reopening, that is where investors have

been moving out of. those stocks have been the big leaders on the year, both the nasdaq and s&p 500 lagging. even the you have investors not thinking so much -- even though you have investors not thinking so much about the opening, you could have catch-up. those bank stocks cooling off now and some of the other stocks catching up. let's hope it does not come at two big of an expense for some of those momentum names. in terms of rotation, it could be painful. that was happening earlier but at the end of the day, very much risk on. emily: all right, abigail, we will see what happens tomorrow. thank you for joining us. facebook is still in the hot seat over mark zuckerberg's response to a controversial post from president trump suggesting that looters be shot.

zuckerberg has said that he will reconsider facebook's policy but this particular decision still stands. content moderation as long been a contentious issue for facebook and others are diving into the root of the problem. polymeric, deputy director -- paul merrick, deputy director of the nyc stern center. you draw a direct line between content issues and who they hire to carry out the content moderation policies. paul: facebook, i think in a fashion that would seem unlikely to some people, outsources the vast majority of the human content moderation that it does even though its function is an essentially important aspect of the business.

i think as a result of its moderationng content , there have been consequences. emily: talk to us about the unfortunate consequences. had you draw a direct line between outsourcing of contractors -- and to be fair, this is a massive undertaking with millions and billions of users. talk to us about how you see that as a direct result of who they have in this job? paul: i am not sure you can show a direct relationship in some sort of mathematical sense. but making content moderation a peripheral function rather than a central function, i think it has contributed to the inadequacy of content moderation and led to problems including violence in countries like myanmar, sri lanka, and india.

closer to home, you have the problem of inadequate mental health care provided to contin moderators. ofhink that is a function them being in an outsourced environment, rather than employees of facebook where they would have silicon valley style benefits packages. emily: the controversy over this particular post by the president continues to swirl. you have scientists over the weekend working for the chance zuckerberg initiative protest -- working for the chan-zuckerberg initiative protesting. the idea that facebook does engage in content moderation already for its users, why hold the president to a different and perhaps lower standard? what is your take on zuckerberg's decision in this

instance to let the president's post stand? paul: the company spends a lot of time outlining standards that they are supposed to enforce against all of their users. then, when one particular user comes along, who happens to send his posts from 1600 pennsylvania avenue, there seems to be a very different standard. and view that as unfair inappropriate outside the company and crucially inside the company as well. emily: meantime, there are all of these cascading issues in part potentially as a result of zuckerberg's decision here but also the fact that these are happening on facebook. you have facebook groups splintering because of different views, different political views on the black lives matter movement. cityup in new york

reportedly broke up because of discussion on these issues. talk to us about the consequences of this that we may not even realize, and the overall manner in which facebook moderates its content. paul: moderation of groups i think is an illustration of just how tremendous this challenge is for the company. while i am critical of the company, at the same time, you want to be fair to them. wayidea of trying to find a to superintend all of these private groups underway and keep the peace among the participants is a tremendous challenge. i am not sure facebook has figured out how to correct that t or-- how to crack that nu supervise the groups they start up.

this problem is only going to become exacerbated as mark zuckerberg pursues his goals of making facebook more of a private exchange than a public townsquare style exchange. i think there is more of this to come. emily: meantime, facebook is continuing to put out fires around the world. in the philippines, they are investigating the proliferation of fake facebook accounts using the identities of students, journalists, and lawmakers. do you have any suggestions for how facebook could be doing this better? paul: one thing, they need more people doing work than they have presently. 15,000 people sounds like a lot, and it is, but as you pointed out earlier, when you have billions of users and the volume that goes along with that, and misuse of the platform, you just

power,re man and woman and i think that is something that facebook -- emily: what would you like to see facebook do next, quickly? paul: i think they should bring the content moderators in a house. -- in-house. they should augment the forces in their content moderation workforce. they should appoint a content is our to oversee -- a content czar to oversee and centralize that activity in a way that would make it more efficient. emily: paul ehret of the -- paul center.of the nyu stern thank you. -- seeing airbnb cn a surge in domestic travel

despite global travel coming to a standstill. this is bloomberg. ♪

♪ emily: we are getting some breaking news out of north korea, confirming reports that circulated over the weekend that north korea now says it is determined to shut down all contact with south korea. this coming from the korean news agency kpna. north korea to cut lines with the south completely at noon. the country saying they will cut off all communication lines with south korea. of course, this could be a potentially very dramatic development. we know that the relationship

has been souring in recent weeks. and there is a lot of history there. that is something we will continue to follow. to our next story. new york city starting phased reopening today, back in business but not completely. the chairman of the mpa joined bloomberg to discuss how the openings will roll out and what it means for the transportation system. >> we are restoring all service on the subway service. last week, we did a physical survey of about nearly 50,000 customers. mask compliance, which is now a part of state law, was 92%. the most important thing our customers can do is wear masks to protect themselves and their co-commuters and employees. impressively high

number and one we want to drive higher. >> how will you police uses of masks? i am on a train, a bus, there is that one idiot or two idiots without a mask. >> we are starting from a good place, 92% compliance. i was in grand central terminal this morning and customer compliance looked higher than that. what the mta is doing in subway stations is distributing this week 2 million masks. we have a million masks donated by the state and city. mta employees and volunteers help distribute those masks. .he most important action 92% is a pretty good start. on top of that, we are disinfecting every subway car, every bus, every commuter rail,

at least once a day. in the case of subways, buses, commuter rails, multiple times per day. we are disinfecting all of our stations at least twice a day. we announced the great news that ultraviolet-c light, according to a professor at columbia, kills the covid-19 virus. we are piloting that this week, next week on subways and buses. beyond that, we are looking at antimicrobials, which promised to have the ability to eradicate the covid-19 virus. months after application. >> let me bring in my colleague, lisa abramowicz. strugglinghing i am to understand is how quickly ridership has to get up to where it was in the past in order for the mta to remain solvent

without federal government help or additional borrowing perhaps. >> great question. obviously, in the cares act, the mta received over $3.8 billion. the heroes act, which was passed by speaker pelosi, and both of those we have to honor and thank the work that senator schumer and the new york congressional delegation did on a bipartisan basis. in every transit around the world, ridership has declined significantly. that is the flipside to new yorkers following governor cuomo's directive and request that people stay home. today is phase one of the recovery. we are providing really solid, reliable subway and bus service this morning. there have been no delays reported. isbelieve that ridership

headed higher. significantly below the ridership of pre-pandemic days. every other agency, you will require federal eight to get through 2020. at least half of our revenue is through fares and tolls. the fed's action last week, the municipal liquidity facility, is important. governor cuomo has name the mta as one of the revenue bond issuers in the state of new york that is eligible. emily: mta chair and ceo pat foye. new york city subways and buses start filling up slowly once again. coming up, curbing the power of google search. u.s. regulators approach one of

google's competitors. duckeo of dr. go -- of duck go with us, next. ♪

emily: u.s. federal and state regulators are working to require google to give its users a choice about what search engine to use in a continued antitrust probe into the search giant. regulators seeking the help of one of google's competitors, duckduckgo. joining us is the ceo and founder of duckduckgo, gabriel weinberg. you have been a competitor to google for many years. after a long time of trying to convince users with a sort of privacy first stance of why duckduckgo is such a good alternative. what is your case to users for why they should use your search engine instead of google? gabriel: people are tired of

being tracked online. people who want to be able to choose a private option online should be able to do so simply. we have a private search option, and also a mobile browser. if you are annoyed about ads following you around, and that is really just the tip of the iceberg privacy arm. discrimination, propaganda, etc.. we protect you from all of that. emily: many people say they are happy with google's service. it is free, helpful. you have spoken to u.s. regulators. how do you think the government can sell its case to the general public when it is by many a beloved service? privacy,going back to we find most people would like

to be able to choose a private option online. we find about a third of americans actually taking action to protect privacy online. unfortunately, it is really hard to use duckduckgo on android, pretty much by design. alike on ios, where there is search engine setting, on android there is not. what we have been talking to agencies about, it enables anyone who wants to to be able to choose a private option online. that is what we are about, an empowered consumer. many people would like to use google but other people would like to use duckduckgo and they can't do it right now very easily. emily: what would be a better remedy in your opinion? for example, if google were forced to sell some of its advertising business, would that help resolve some of the issues? gabriel: we have advocated for a

few remedies. one is this preference menu. when you install chrome or get an android device, to allow you to choose what search engine you would like. modelition, we created a do not track law. for a lot of browsers, there is a do not track setting. you can go into the privacy settings and turn on do not track. unfortunately, there is no legal teeth behind it. we have been advocating to make that a reality so when it says do not track, it actually means it. , sharing data between its business units. your search history, which we protect anonymously. right now, on google, the use ads.to follow

emily: what is your sense quickly of how fast the government wants to wrap this up? we are heading into a contentious election. might it be wrapped up by then or is this something that will take years? gabriel: we are not sure on a timeline. historically, take -- historically, cases have taken years. when you're talking about a case, you are also thinking about a possible settlement. a preference menu remedy, google has also proposed one in the eu. it suffers from problems. but this gives the u.s. a chance to leapfrog the eu and propose a remedy that actually works well. emily: duckduckgo founder and ceo gabriel weinberg. thank you so much for joining us. 10%, that is the number of all venture capital deals that go to women, people

of color, and lgbtq founders in silicon valley. we will talk to an investor trying to change that, next. this is bloomberg. ♪

back to bloomberg technology. i'm emily chang. in the last few weeks, two high-profile venture firms including softbank and and recent horowitz have announced new initiatives to back founders of color. this amid loud calls to re-examine social and racial inequality in the united states. but one firm beat them to it and that is backstage capital which has invested $7 million and more into more than 130 startups by underrepresented startups, including women, people of color and lgtbq founders.

i caught up with arlan hamilton with her thoughts on diversity and equality in silicon valley as protests continue to rage across the country. arlan: we have been in a constant state of trauma. constant state of trauma and definitely have been feeling it both as a human and just watching this ecosystem do it as well. emily: there have been a lot of companies, tech leaders making statements, making donations. how do we hold them accountable? arlan: i'm not sure we can, but i have been speaking out as much as i can and just being honest. it is not so much of an attack on any one person or group, it is honest, we are all human here. we're on this spinning rock at the same time. and when you have billions and billions of dollars under management and you make announcements about smaller donations or initiatives of

funds that are going to black founders during this time, it is almost like you have to make those announcements, it does ring hollow in some cases. i also try to really uplift the voices of the black operators within those companies who are, i know how difficult it is to raise even $1 million as a black person in silicon valley and elsewhere. it is a balancing act. i just think the people who have -- who control the purse strings should hold themselves accountable and should be on the right side of history here hey'red of leaving it -- t closed door in the bunker. emily: softbank is launching a fund backing companies led by people of color. this has been your strategy at the beginning, investing in women, people of color, lgbtq. you said i am announcing a fund

for straight white men. i will giving them. you're welcome. what's your point? arlan: my point was -- it was not directed at any one company or funds, it was and is directed all all fund led by white men that have lots of means and are doing a paltry amount into this initiative. softbank in particular, again, paul rudd and stacy brown philpott, i'm so grateful for the work they are doing within that softbank $100 million funding. i hope they have investment power and that they move the needle because i know how difficult it is to do things within those organizations. softbank is a $100 billion fund put hundredsnd has and hundreds of millions into things that have sunk.

i have set this and i believe this -- it is not enough for them or anyone else, but it is something. and something is better than nothing. emily: there has been a push for more diversity across the tech industry, across corporate america, but the numbers have changed fairly. do you think this is an opportunity, which so many people being laid off, so much talent now out there, for companies to take dramatic steps to change the ratio in one fell swoop? arlan: i think it is there opportunity, yes. i don't know if i believe they will take it or how many of them will take it, but that is there in front of them. i also believe there will be so many people who take it upon themselves to start their own companies, to start their own thatempires, if you will, won't be looking to those companies to hire them or take them in. you will be losing talent. you are bleeding talent if you

don't look at this as an opportunity to be better and do better rather than simply an annoyance or an hr stunt. emily: so much of what is happening now is pouring out on social media and it brings the point home about how much technology has advanced, but how much the core issue, racial injustice, has not changed. i wonder if you think because of the opportunities that technology has created, it could be a way to solve some of these issues or if it can make them worse. arlan: it has the potential to do both, to do either, to do a little bit of both. greatk, as you said, a opportunity not only for these corporations to bring on talent, which i am not so much interested in -- there's a great opportunity for those who have -- who didn't have the means before but have the talent and the skill and the wherewithal to

create these new technologies and build upon old technologies towards more equity to be given that power. what i mean by that is you have a lot of individuals now who are backing people up at the table. there are a lot of allies who are saying how do i get my money into an individual, organization that can do better? i think that is really interesting. reached out to me a couple of days ago and said tell me where you would like to see my money doing the best that can? that is a little different than saying, making an announcement of what they decided to do. it was i'm going to speak to black women and people of color and i am going to ask them where they want me to put my money. i think that is really bold and interesting. emily: when it comes to social media, you have twitter flagging a tweet, hiding a tweet from the president suggesting -- mark

zuckerberg leaving the post up. he has spoken with civil rights leaders and they've come away disappointed. what is your take on that position? arlan: i think mark's decision was wrong. i have spoken to the people at facebook high up for a great deal of time and i have seen people try and try with him. there are some really amazing people at facebook and they are speaking out now. even more so are not speaking up but i think they will. men who one young white has one experience in his life, who has the control of billions of people, what they see and what they view. it is wrong. i don't know if he is drunk with power or simply just in a bubble, but someone needs to step in. someone needs to say something. he needs to do better. i know the people around him -- i am actually friends with people around him who love him and he loves them back. i would hope they would pick up

the phone and make a phone call and say this is not right. you can't be the only person making these types of decisions. you simply don't have the lived experience. youn: you once told me would let the next mark zuckerberg walk away if he happens to be a heat, straight, white male. in the context of what's happening now, does that statement have new meaning? arlan: it has for a while, i remember that, because when you last asked me about that -- the standard of mark zuckerberg, being the high standard is not there. not that i have a problem with him as a human, but this standard of a young white man, allege dropout -- i'll tkaake jessica matthews and don gibson over a mark zuckerberg any day. emily: you appeared on the cover of fast company, joining oprah,

beyonce, serena williams, as the only black women to grace the cover. people wanted to hear more about what you had to say. now you out with a book called ."t's about you know what time: what is your goal? arlan: i hope it is to inspire, peoplerm and embolden who feel underestimated as i have and so many do. because there's a lot we can do. we don't have to wait for some sort of hero to save us. more than anything, i want people to walk away from it -- allies and others, understanding that black people, all people of etc. --omen, lgbtq, this is as much ours as anything else is. this existence. the piece of this existence is as much ours. that's what equity is.

that's what equality is. i hope that the book continues to do what it has done so far, which is it really inspires. not only inspires to give people the tools and the understanding that they can do something as bold as what i have a chance to do. emily: backstage capital has invested $5 million, i believe, in 100 different startup companies led by underrepresented founders. bloomberg lp is one of your investors. what is the latest on the fund? any challenges? arlan: the challenges are abundant. we invested about $7 million into 130 companies at this point. they are smaller investments. the challenges have been raising more. we have follow on funding, following opportunities that are left on the table. we have new opportunities left on the table. we have the most diverse

portfolio. it's being left. a lot of our companies are thriving. even in the age of covid are thriving. you think about companies that have been close to the bone anyway when it comes to capital and resources. something like covid comes along, there is not very far for them to be knocked down. so they were resourceful and already generating revenue themselves. this is something that is in their dna. certainly, there are challenges. it is always about lack of resources. i feel like i'm moving whatever ton boulder on my back and i am walking one step at a time. i'm looking for someone to give me a bit of a lever to help me a little. put me on a skateboard or something. i couldn't be more excited and proud of this portfolio. emily: what do you think the impact of this crisis will be on the tech economy?

what does silicon valley look like after this? -- it willally think be seen what the intention and the why of this is, but i really do think you will finally, finally see more funding going to underrepresented founders. emily: that's optimistic. arlan: oh, it may be -- emily: the most u optimistic thing i heard you say peter arlan: i think it's because some people will be guilty, some people will be forced. a lot of people will turn into allies and see for the first time. take the rose-colored glasses offer themselves and say there are people living a different experience than i am. my having privilege does not mean i'm any less smart, less skilled. it just means is witas a different path. there are more thorns in the bushes for others who are walking in the same path. i think that is finally going to

be seen and understood. that is going to lead to a market change. we will see how long it takes and who was the front runner, but we will get to that. emily: arlan hamilton, founder of backstage capital. turning now to airbnb. it is seeing a bit of a recovery as lockdowns ease across the country. the rental business have basically shut down in march and for most of april with people confined to their home. now airbnb is seeing a rise in demand for vacation rentals close to home. joining us now is bloomberg's olivia carville. what is airbnb saying about what's happening with their business right now? ceo over spoke to the the weekend and he has noted a number of trends through may. one is that more people are traveling. more people are booking and

doing it closer to home. they are doing it within 300 miles driving systems -- driving distance. going to local beach houses or mountains or lakes to try to get out of the apartment or house they have been locked up in the last couple of months. smaller towns. always staying for longer. i think people are taking advantage of the work from home policy and may getting out of town for a couple of weeks to work from a vacation rental rather than staying in town and working from your apartment. you are more impulsive. what some people may have booked a couple of months in advance for a weeklong vacation, now they are booking days in advance because there is so much uncertainty. they want to make sure they can actually get on the road at the time they intend to travel.

a different path in the early stages of the recovery. emily: i can say from personal experience, i know the restrictions in california, many parts of california are still in place on airbnb. i know friends who just had an airbnb booked for next week that canceled on them. so, talk to us about how airbnb is going to continue to navigate these issues with continued uncertainty ahead. olivia: it is not just airbnb, it is other vacation rental companies as well that are seeing this surgeon demand but trying to understand whether it d. sustainable or just deman saying as soonas as the location reopens, that will get a pop in demand. people are waiting for states like florida, colorado and maine that have been reopening very recently. as soon as they do, people are

booking straightaway. it is kind of this patchwork different regulations around the country and slowly places are starting to allow people to move around and to travel. it's those states and cities that are reopening that these vacation rental companies are seeing this come back. they were some of the first companies to be hit. travel was one of the hardest hit sectors. now we are seeing the first signs of recovery as well. it is an interesting time for them. emily: so, what is the view on how this is going to affect airbnb's business longer-term? they have already laid off a large percentage of the company. travel may not come back to normal levels for years, we don't know. what is their outlook? olivia: yeah, they laid off about 25% of their workforce.

around 1900 people. the valuations have been so usually impacted by coronavirus. long-term, i don't think anyone knows. the current surgeon demand is just pent up demand or reflective of a more sustainable trend. people will want to travel domestically for the next couple of years. that's a question that he is weighing at the moment. even more important for airbnb there was a? question mark on whether they could do that when the pandemic ends. planned to file on march 31. obviously, was not able to do that given the market turmoil. now the question remains whether airbnb is going to go public this year. still considering it. it is still an option. he has not ruled out and now

watching the markets to see what happens. and trying to work out if this is more long-term or just some short-term relief. emily: all right, olivia carville, who covers airbnb for us. i know you will continue to follow this story. thanks for that update. jeff bezosmazon ceo gets criticism from 20 of customers all the time. now he is writing back to customers. he says he is happy to lose. that story is next. this is bloomberg. ♪

bezos isazon ceo jeff

sharing what he calls sickening emails in response to amazon placing a black lives matter across its main website. joining us now to discuss, bloomberg's matt day, who covers amazon. i want to lay out what happened to our viewers. last week, bezos posted an email from a customer say i cannot put my order and i know for the fact i will not be the only one. maintain your stance and you will want your profits decline and laugh about it. says i have bezos a 21-year-old son and i don't worry that he will be choked to death while being detained one day. that is not something i worry about. black parents cannot say the same. he following up to that received a delusion of inbounds from other customers who were unhappy. bezos saying there has been a number of sickening but not surprising responses in my inbox. this sort of hate should not be allowed to hide in the shadows.

it is important to make it visible. this is just one example of the problem. you are the kind of customer i am happy to lose. walk us through this. it is unusual to hear jeff bezos being so vocal and so personal. matt: it really is. he does not use social media very much compared to other ceos. he has been quite over the years on social issues. he has not been out front on very many things at all. when it comes to political things, he does not particularly comment so it is rare to get any view at all especially over the span of a weekend. give us a glimpse of what he's thinking and what has been important. emily: now, talk to us about amazon's own history with diversity because we want action to meet words. how successful has amazon itself been in diversifying its own

workforce? matt: amazon is kind of in the same boat a lot of big tex is. very few women and people of color in the upper ranks. managers are nearly three quarters men. very white maile rooms. amazon is a little different from your garden-variety -- they have hundreds of thousands of warehouse workers. those teams are far more diverse than their groups and headquarters. amazon is in the same boat of a lot of tech companies that they are saying the right things and making the workforce more representative of society as a whole but they have a long way to go. emily: amazon has over the last few months, as you validly have been covered, face the storm of controversy how we treated workers at its warehouses and how it has handled the covid-19 crisis in general. what is your take on bezos getting out front now when we didn't see a lot of him in the midst of that controversy?

is a sign of it how serious he is taking this. a way some observers and insiders inside the company put it is this has become jeff bezos' platform, a employee recruitment and retention issue. do you want to work for a place that you feel proud of and senior management out in front of issues that feel important. this outlines his team's assessment of how important this is going to be. it is not something that is going to away and he wanted to put a stamp on it way he rarely does. emily: i would like to compare what bezos is doing here to mark zuckerberg and the much debated decision to leave up president trump's post suggesting that looters be shot. it has been suggested that perhaps zuckerberg is trying to avoid more scrutiny from the president, from federal regulators given potential antitrust issues that could affect facebook. amazon is not immune to that.

amazon is also a large company that is facing more scrutiny from the federal government. sort of talk to us about jeff bezos' different paths in standing up on what, unfortunately, some feel is a partisan issue. matt: bezos has proved in the last year he is willing to do that a bit with his personal instagram branding, as word of the phrase that is to say. earlier, he had a public spat with a trump trade advisor, entirely on instagram. it is a place that he has decided to take risks as it pertains to the antitrust scrutiny. there are a couple of issues that he thinks are worth fighting about and extra scrutiny from d.c. emily: give us an update on the asuation in warehouses

states, cities are reopening. what is the latest for these workers on the front lines in terms of the health and safety issues? matt: we got a look into a warehouse in seattle just a couple weeks ago. it seems to have hit a pointoint -- a colaalmer that it was in the early point. enhancing safety inside. some workers that were previously sheltering at home have come back. a lot of folks cannot do that. one of the biggest stories is amazon trying to dig out of that they lose of requests of their own workforce for people in need, special alleg accommodations. things are a little less crazy than they were back in march and april. emily: matt day, who covers amazon for us in seattle. thank you so much for that. that does it for this edition of bloomberg technology. i'm emily chang. bloomberg daybreak australia is next. stay tuned.

this is bloomberg. ♪

♪ >> good evening from bloomberg world headquarters. we are counting down to asia's major market open. i'm taylor riggs in new york. haidi: i'm haidi stroud-watts in sydney. here are your top stories. the u.s. rally continues. the s&p 500 wiping out losses for the year on rising optimism of a post virus recovery. the dollar falls in the longest live in a decade. oil takes a pause as saudi