the result is seoul will pay more for the u.s. troops stationed in the country in the south korean parliament still has to ratify the deal. donald trump rejected a south korean proposal lester. some university students in england are returning to their classrooms today. there is talk of eventually lengthening the school day and shortening summer holidays to recover lost classroom time. -- boris johnson faces demands for bigger pay increases for health-care workers and the government suggested a 1% hike. goldman sachs predict the u.s. is on track for an employment boom this year. the chief economist says reopening fiscal stimulus and pent-up savings should fuel a strong demand growth. they say the jobless rate will fall from the current 6.2% to 4.1% by the end of the year.

prince harry and meghan markle have given their side of the rift that has developed in the royal family and britain. in a wide-ranging interview, they describe palace discussions about the color of their sons skin, losing real protection and the pressures that let the duchess of sussex to contemplate suicide. harry said he felt trapped by royal life and was surprised he was cut off financially. global news, 24 hours a day, on air and on bloombergquint take powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. >> it's 1 p.m. in new york and 6:00 p.m. in london and eight p.m. in hong kong. looking to bloomberg markets.

here are the top stories. treasury yields are edging higher as investors rotate into companies closely tied to the economic cycle. we will talk to the wells fargo investment institute about how they are positioning. in honor of international women's day, we will speak to the ceo of girls to invest about how she sees a greater amount of women in the asset management industry. two weeks and counting before the israeli election we will have axles of interview with one of the contenders for prime minister, a former israeli defense minister. that's all ahead but first a quick check on the markets because the bifurcation and the equity market is evident. look at the russell 2000 which is the small-cap index which is up 1.6% step the nasdaq 100 is down by about 1% and the rotation out of growth into value and the cyclical oriented areas is continuing with growth names that could be put under pressure by higher yield.

valuations are called into question with higher costs and they are climbing higher once again today. the 10 year yield is up about three basis points, just shy of 1.6%. the higher yield story is not just impacting equities but foreign-exchange as well. it's showing up in a stronger dollar for the first -- for the fourth day in a row. the dxy is around 92.32. my next guest sees a stronger economy and modestly higher interest rates. he is the global head of asset allocation strategy at wells fargo. great to have you and happy international women's day. i wonder if you have had to rethink your asset allocation given the velocity of the move we have seen in the treasury market over the last few weeks. >> we actually have made a few recent adjustments to our overall asset allocation and

some of the changes we recently made are moving more funds out of fixed income and into equities. that has to do with our view that local girls will be strong this year and u.s. growth will be strong and we have upgraded our gdp forecast and in the process of doing that, we have also increased our earnings expectations for u.s. stocks and for emerging market stocks. as interest rates rise as we expect, the interest rates will likely take the prices of bonds down celeste pressure on the price of bonds and we are taking money out of the bonds and putting it into a wide variety of asset classes in kailey: kailey: the equity space. i know you like the cyclical plays within equities and materials but you also like technology which has shown up as

a pain trade over the last month. why play tech here? >> we actually do like technology and we like communications services as well. they were the darlings last year but we think this year, with higher levels of growth and with consumers coming back into the market with companies trying to repurpose themselves for a post pandemic world, spending on technology will continue. while we have taken some profits out of technology, we still view that as a place where we may see some outside returns this year as well. kailey: do you expect risk assets will debt -- will benefit from the $1.9 trillion package even though that will likely mean better grow them

potentially more inflation and even higher treasury yields? >> in terms of the higher treasury yields, we think there is some upside potential here. our 10 year forecast is anywhere from 175 to 2.25 so aside from where we are. as you point out, the 1.9 trillion is likely to get past this week and that comes on the heels of the $900 billion that was passed in december. most of that has yet to be distributed so we can actually see more stimulus distributed to consumers for local governments. we think that will push earnings higher to all-time highs for the s&p 500 and we think that will support higher equity prices. kailey: let's go back to treasuries 2.25%.

what is your estimate on how quickly we get there. it's about how quickly they are moving higher. >> it's that repositioning and how quickly we are seeing a recovery in the u.s. economy and how quickly we are getting people vaccinated, how quickly we think the reopening will happen in earnest and all that has been brought forward a little bit. when the rates move, do they move in expectation of that? they rose rapidly and markets responded to that. we think that possible 2.25 on our 10 forecast should be reached sometime by the end of the year. while we have seen this rapid increase, we don't see it continuing as rapidly as what we have seen. kailey: one more and then i want to get to your women's survey. we are talking about yields that have respond -- responded as a

stronger dollar lately. >> we think it's possible the dollar could strength them a little bit more in the near term as interest rates in the u.s. are moving higher. that makes the u.s. asset more attractive to international buyers. however, we also think there is likely to be sure on the dollar later in the year as interest rates do start to moderate somewhat step that together with higher growth and together with higher commodities prices has favorable emerging markets. kailey: i want to get to your affluent women's survey that you just released. what were the sum -- what were some of the key takeaways? >> it was very interesting. we found out that a full 1/3 of

women say they are the primary breadwinner for their families. over 50% say they have either greater or equal earnings to their partner. over half lead their families finances so a lot of progress in terms of the financial responsibilities women have today. with that comes additional anxiety. we found that a full two thirds of women said they have been extremely anxious in the face of high and assert uncertainty and a third of lost sleep over the anxiety they been feeling. it's kind of a mixed bag. with that comes the indicia -- the additional anxiety. kailey: how willing are they to take on risks and get into the market? how invested are they?

>> that's another really interesting point. 35% of younger women said they have been investing more in stocks since the pandemic began. please see that as a real positive because, in our previous studies where we looked at women's performance, we tend to find they outperform on a risk-adjusted basis but they may not be as heavily in debt -- invested in risk assets as men are. to see the younger women and taking that risk with the potential for that are returns and their long time horizons, we see that is a definite positive. kailey: do you think that's part of the democratization of financial markets that women can be financial traders? >> i do think that's a big part of it. the stimulus package we were just talking about, the payment out to individuals who may not

be spending it much on other items that they would typically be purchasing, all of that probably has people exploring investing more so than they have in the past. i really see that as a big positive. another thing era study pointed out is the women want to be seen as a whole person. when their advisors talk with them, they want to talk about work, they want to talk about their family, they want to talk about health, they want all the context around their financial plans. kailey: we are all human beings at the end of the day, thank you so much. we will have more on equality and diversity from our bloomberg equality summit that starts next week. this is bloomberg. ♪

kailey: this is bloomberg markets. it's time now for our stock of the hour and a $30 billion deal is said to be close to combining the top players come a deal that was shrink the ge capital unit more. we take a look. ritika: this deal would be huge if it goes through. $30 billion is swirling around and this would be merging the ge jet leasing business with air cap and these are two major players with -- which is very significant and timely given the pandemic wreaking havoc on this industry.

for ge, the stock has been very volatile but it's had a string of gains lately and investors really like the news this morning. they've been trying to sell this asset for several years. it was a big drag during the financial crisis which is part of its big turnaround plan. it wants to streamline the business, shed assets and if the deal goes through, it would remove this asset from its balance sheet and shrink its assets to about $18 billion. on an industrywide level, the deal is huge because collectively, they would have almost 3000 jets in service, storage or in order so that is huge. it gives the more bargaining power with the two biggest manufacturers and likely to give more access to capital financing from the markets as well. with any deal of this size, is bound to attract regulating

scrutiny. kailey: yes, regulations, always an issue in these kinds of deals. that covers the ge side but what about air cap? >> this is a very ambitious deal for them. their stock really struggled during the coronavirus pandemic that's not back to pre-pandemic levels either. the terms of this deal are not yet known but it is very significant. unlike ge, this is their sole business, their sole business, their soul way of making revenue so this will be a big deal for them and the investors love this this morning. the stock was up about 16%. kailey: a big move off the back of these reports, thank you so much. it's time for the bloomberg's newsflash with a look at some of the biggest stories in the news right now. apollo global management has agreed to buy athen holdings.

apollo was already there biggest shareholder in the transaction is expected to more than double apollo's reported earnings from last year. gamestop is tapping the founder of q e.com to go into an e-commerce business. ryan cohen is a board member and will chair a new board committee that will be in charge of the gamestop transformation and gamestop shares are up 33% at the moment. american airlines is certainly $7.5 billion of debt backed up by its frequent flyer program. american is capitalizing on low borrowing costs to obtain government costs to help keep it in business. their advantage loyalty program has them assessed value of $88 million. that is your bloomberg business flash update. still ahead, as more and more people get vaccinated, the cdc is rolling out new guidelines. we will speak with johns hopkins about what this means. that's next to. ♪

want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. that means better results in less time. and there are over 20 exercises to choose from. get gym results at home. no expensive machines,

no expensive memberships. go to aerotrainer.com to get yours now.

kailey: this is bloomberg markets. the cdc announcing today new guidelines for those who have gotten vaccinated. joining us now is the associate scientist at the department of international health and director of the implementation science at the international vaccine axis center at the bloomberg school of public health. it's great to speak with you today. the new guidelines so you can be in the room with another vaccinated person if you have both been vaccinated and you don't need to have a mass but you just should still wear it in public and avoid traveling stop is this because we don't know enough about transmission of the virus even if you've gotten vaccinated? >> that's right we don't know enough if you can translate just

transmit it but even though both folks can be vaccinated, there is a small chance you can still contract the virus because the vaccine is not 100% effective. kailey: we are seeing vaccinations start to ramp up and it seems as though they are starting to have an impact. new covid case and the impact rose in the u.s. at the slowest pace since the pandemic began. can we draw a line that this is because of the vaccination program? >> i think it's a great question. i would argue that vaccination is a huge can trimming factor. this is the ninth day were we have sheena declining cases that we have seen declining cases. . some of it has to do with the fact that starting to get warmer so fewer people are congregating inside with people which will help i think people have been

staying home and have been social distancing and wearing masks are continuing to do so and we are seeing an effect from that as well. kailey: in some parts of the country, social distancing and mask wearing may soon stop in texas will stop its mask mandate and businesses can open at 100%. is it too early to be making those moves even though the case numbers are looking positive? >> i spoke with some colleagues that work in texas. that is their concern. we would all essentially argue that it's a little too early to do that. you look at the governor of ohio who i think has been pressured but essentially said he will keep the mask mandate. part of that is following public health practice and evidence that we are not there yet. think it's good to figure out how we prevent another surge so we can continue to see these

gains continue into next spring and summer. kailey: have not enough americans been vaccinated that another surge wouldn't be comparable to the one we've seen in the past or is that sleigh risk? >> part of the issue that becomes more challenging is the variants. we are starting to see that people have been exposed to the virus or have been vaccinated which is great. unfortunately, we know the south african variant is more infectious, meaning that regardless, you will be much more likely to pass it on if you get it stop there was a bit of an unknown that throws a wrench into the forecasting. kailey: is that contribute into people being hesitant to take the vaccine because they don't now how effective it will be against the variants out there? many people in the country say they don't want to get an ocular ration. >> i think the concerns we've heard about hesitancy really focus on safety issues.

i think that's part of the problem is people are saying that the process was expedited which concerns them. no regulatory owners were cut but people are still concerned. it's a new product and we see that with any other product is that people tend to be reluctant but the other pieces people are now hearing about the variants and have questions and really want to know if they get a vaccine today, will it be enough to prevent me from contracting the virus that has the variant in it and a lot of it is unknown. as we learn from science, we try to update recommendations but it's a. revolving issue kailey: do you think this will mean that like the flu vaccine, we will have to get a new covid vaccine every year as it's updated to account for new variants? >> we are starting to track people especially after they have been exposed and infected with covid to see how long

antibodies last in the immune system. so far, we have seen you can still have antibodies three months after you been infected and for some individuals, they have them 12 months. the problem is there is quite a range. what we need to look at is as people are vaccinated, how long that protection lasts and that will then really depend on how much virus is still circulating in our population to see whether or not it will be something we will need to get every year or every two years. i think that's still tbd. kailey: new york city high schools will open about two weeks. if i'm a teacher, should i feel safe going to school if i haven't gotten vaccinated? >> as long as the school is making adequate structural changes meaning ventilation, requiring masks and making sure people are spacing apart, there is always a risk of exposure but as a teacher, if they are doing the right things at the school,

it will minimize risk of exposure. kailey: thank you so much. coming up, we will discuss why some investors are starting to worry that the 165 billion bubble is about to burst. a quick check on the markets, the 10-year treasury yield is 1.50 9%, higher yields are weighing on big tech and the nasdaq 100 is down half of 1%. outperformance is coming from the more cyclical areas of the market with the dow up 2%. this is bloomberg ♪.

mark: i'm mark crumpton with bloomberg's first word news. the top level review following

the right at the u.s. capital for security improvements. house members will receive closed-door briefings today. recommendations include hiring more capitol police officer's, improving the intelligence capability and upgrading fences and surveillance. the u.s. supreme court has refused to consider former president trump's challenge to the presidential election results in wisconsin, rejecting the last remaining appeal that sought to overturn president biden's victory. the decision came without comment or published dissent. it follows the court's rejection last month of a group of appeals that sought to reverse mr. bidens when in wisconsin and for other states. the philippines expects to receive 20 million covid-19 vaccine doses by july. so far, 1.1 million shots have arrived. the government has administered about 45 -- 44,000 doses in places outside the capital region. new cases reported exceed 4000

-- 3000 for a fourth plate -- -- 3000 for the fourth day. the ex-wife of jeff bezos on one of the world's richest women has married dan jewett a seattle science teacher who said he plans to give away most of their wealth to charity. he is -- scott is the 26th most wealthiest person in the world. since their divorce in 2019, she has become one of the most important philanthropists of her generation. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 26 hundred journalists and analysts in over 120 countries. this is bloomberg.

♪ >> welcome to bloomberg markets. kailey: we are joined by our bloomberg and bnn numbered audience. with blank check firms raising 32 billion dollars in february alone, we will discuss the outlook for special-purpose acquisition companies. plus, we will speak to the ceo of girls who invest invest street. we will speak to the is really prime minister candidate as to what's at stake in the upcoming election. amanda: we are watching the markets and some of the themes continue, notably a bit of a rotation. you can certainly see tech is the waste -- is the weak spot.

it's notable about the s&p 500 in positive territory is that some of the big tech names are moving lower today. the nasdaq is the weakness in there and we see a bit of rotation out of the growth and leadership of this market into value. a major outflow last week so we are seeing a little bit of momentum building in this rotation. the 10 year yield one talking point for why this is happening. lots of talk about what happens as we get the stimulus package translating into checks into people's pockets and what it does to the u.s. dollar. all of that is in the mix but it seems those things that have been in favor for now, one we are watching his massive strength in the market which is the back face as an alternative to raising capital which means

mammoth amount of money flowing in. lauren do list -- dillard is with us. thank you for being with us. i want to start with the shift in sentiment, would you expect to see it happen in a place like the money flowing into tech? >> thank you for having me. you covered a lot in that first question. we have seen a record number of ipos generally. we have had 198 year to date on nasdaq. that's compared to 316 last year. there are number of facts. that is a way for companies to access the market. we are now seeing companies evaluating the market in three different ways which long-term is good for investors like companies on the market so investors can access value creation. amanda: a column was put out on

the terminal titled sorry folks, the stacked party is over. is the fact that we've seen money flowing out of high growth areas but stacks have been outperforming, have we seen it stop? >> we are seeing a rotation as you commented on. we had a record 23 billion dollars into assets tracking the nasdaq 100 last year. that's in norma's amount of capital and that's investors wanting to access the return. it was also what i would call the covid trade, the stay-at-home trade, accessing much of what was happening in the digital workplace. whether there is sector rotation now or not, one can say that cybersecurity and the cloud and all the things that were in favor or going to go away as vaccines getting people's arms and people get back out into the

economy. kailey: when there is a major shift in valuations, some of those, they don't go away but they can take a long time to get back to current levels. what is your level of concern as to whether the nasdaq 100 is out of value level that calls for a bigger pullback. >> i think you have to look at it company by company. whether a company is in the midst of a digital transformation and we have not just tech companies listed on that. we have actually had the most number of ipos and health companies which shouldn't be surprising. you have to look through the fundamentals at each company. yes, we had a lot of flows into the nasdaq 100 but what you are seeing those people take some money off the table and moving into other sectors that were perhaps out-of-favor and looking forward over the next one or two years.

i go back to don't think things like cybersecurity and the cloud will necessarily be going away. i think you have to look at the company fundamentals. kailey: let me ask you about the force of the retail trader. many people will be pointing at wall street bets. how strong of a force do you expect the retail trader to be going forward and what kind of regulatory changes do you think could be coming for the likes of robinhood? >> we had nasdaq believe fundamentally, we want inclusive growth. we would like the financial markets to work for everybody. as we saw tens of millions of new market participants, or objective is to get them a frictionless experience with true price discovery and we operate in a very regulated market. broadly speaking, we are

advocates for the investors. what you are seeing is the sec and other regulators looking at some of the dynamics to decide where to regulate and where to change regulation. we have engaged with regulators for decades now on market structure improvements and things to have the investors make a better experience a we would all like to see things -- see more participation in the market but continue to get more educated. that's one of nasdaq's core beliefs is inclusive growth. kailey: when we talk on this international women's day, we cannot talk about the role nasdaq can play in shaping some of the policies around more women not just in the investment community but also in companies as part of the whole process. what is your thought on the policymaker side of that, the regulatory side that would create a more inclusive environment as we come out of this pandemic? >> we filed a diversity proposal

at the sec back in september and we had close to 200 comments from the institutional asset management community and a lot of the large pension funds and associations. we actually just recently refiled an amendment to make it easier on these companies but the idea was to just have transparency around board diversity. the investment community has already been driving. i think every public company gets questions about the board diversity anyway so it's a matter of making that information transparent in a clear way. when you look across diversity at all levels, i think the mckenzie report listed close to 300 companies with 12 million employees. there is 47% of entry-level who are women. at the manager level, it's only

38% server there is a broken run and i think it's incumbent on all of us to make sure not just at the board level or the executive team, all the way down throughout the organization to drive diversity and inclusion. amanda: we have to leave it there but thank you for your time today. we will keep the conversation on diversity. we will speak with the ceo of girl to invest. she is looking to change the face of finance by increasing diversity on many levels. this is bloomberg. ♪

kailey: this is bloomberg markets. today is international women's day and throughout the day, we are talking to various leaders and finance about increasing

gender diversity on wall street. the percentage of women occupying roles on wall street are low, most studies put it below 20%. one of the leading groups behind the efforts to change that number is girls who invest in the ceo joins us now. it is great to have you. girls to invest as a goal to have 30% of the worlds investable capital managed by women in 2030 and you have nine years to go, how far do you have to go? >> we have an incredibly ambitious mission by design. we anticipate the industry is less than 5% and we believe firmly we can move the needle by changing the pipeline in asset management and ensuring there is an incredible group of people who are committed to joining the investment management industry. amanda: what are some of the best ways to do that? how do you attract women but keep them there? >> we have done this 800 and 50

times in just five years. in terms of the pipeline attraction and attracting the talent in the industry, we believe it's important to do that by pairing education with paid internships. we recruit college sophomores and had 1600 people the summer -- this summer and we find that the talent is there if they have the benefit of the -- of our education program. what we found is that 80% of our industry women stay in the industry and that's important because not only is the talent interested in the interesting, they are staying if they are given the resources to succeed. once they start, it's critically important there is transparency around their careers and they have mentorship and sponsorship and they understand the compensation potential and negotiate their comp on day one

so it's clear. we are encouraging employers to have these conversations with their entry-level and beyond to make sure compensation and conversations are happening. kailey: where does that impetus have to come from, within the companies themselves or is it going to come from shareholders and investors who are increasingly holding companies to account when it comes to the metrics? >> yes and yes. i would add that it's coming from the women themselves. the girls who invest alumni population who are college sophomores now very strong in the workforce and they are having conversations about compensation and they are negotiating. they come to ask and ask for guidance so yes to leadership and yes to shareholders but women themselves are much more

poised for the conversation than five or 10 years ago. amanda: we sometimes see in other sectors that you can get 50% or more starting lawyers or graduates from law school but they drop off along the way so it is kind of keeping women especially through those critical mid 30 years were summer having families. there is still a biological problem we have to overcome. where is that in the mix? >> i would argue that women are dropping off even before the stage in which they are having babies. as people talk about retaining women in the investment industry that it's about capturing their interest before they have to make a decision about childcare. it's about ensuring that if they have an offramp to business school and they come back or recruited into another field.

that comes back to transparent conversations in the workforce about retaining women. a lot of girls invest because our population is more and more mature in the workforce and they are facing more considerations abou the industry and we are seeing the stickiness. our women stay in the industry we think that's because of this conversation of sponsorship and active dialogue around the compete or -- around the career path and the potential it has in the are incredibly rewarding careers. they are dynamic, you can travel the world, you're able to have balance in the ways you can take call from anywhere. the world has shown us that this past year but these fields are very captivating once you see the potential to stay in a long time -- in the long-term. kailey: we cannot put women into one basket. we have to consider different demographics. what have you seen demographically in terms of women in color and socioeconomic backgrounds? >> we are proud of our summer

intensive program which is 70% women of color and we are 20% underrepresented minorities and we want to push beyond that. we have a goal to have 20 per test 25% underrepresented minorities by 2025. we want to be goal oriented toward this.. it's great to have you with us kailey:. thanks so much. we will take a quick break, this is bloomberg. ♪

amanda: this is bloomberg markets. israel has led the way in the handling of the covid-19 pandemic including vaccinations and will be among the first countries that have been moving

toward reopening. we are joined by the israeli -- the former is really defense manner -- defense minister and a candidate for prime minister. thank you for being here today. let's start with how well israel has done and how much you think that will become a bit of a referendum on the handling of covid in the upcoming election which would do well for the incumbent. >> there are two aspects to fighting covid. as defense minister, i ran the battle against covid in the first wave back in march and april. the first aspect is managing the whole system which we are talking about tracing and testing and isolation, managing regional differentiation and local law downs as opposed to national lockdown's. we have been sort of mediocre on

that and a lot of innovation that still is yet to be done. the second aspect is we bought a lot of vaccinations early and we've activated a great deal of our population. a word of caution to any nation, vaccinations are vital, a vital arm but they cannot be the exclusive arm because if tomorrow, there is a very to our mutation that bypasses the vaccination, the whole national strategy will collapse see need to manage the country as if there is no vaccination, run vaccinations as if there is no good management and together, beat covid. kailey: this is the backdrop for the election in less than two weeks. you very well could become a kingmaker. what are your commission that's what are your conditions to join a coalition? >> israel is into mulch was

times. this is our fourth consecutive election, it's crazy. israel is a good and reasonable country that we have to stop this thing, it's nuts. the first thing is to form a stable government. it could be a stable national government meaning right wing because the lions share of israelis are right of center. i'm going to replace president netanyahu after 32 years of his service and become the next leader of the state arisen -- of the state of israel. that's up for the voters to decide but the bottom line is a stable right-wing government can restart the economy and restore our status as a start up nation. kailey: what you are saying is no to a coalition, you would rather have another round of

elections to confirm a new prime minister? >> quite the contrary, i'm saying it's vital that we do not reach a fifth election. i am confident we will be able to arrange a new national leading government that will take us out of this model -- this whole we have dug ourselves into. kailey: talking about geopolitics and the relationship with the u.s., the biden it ministration has started taking steps back toward an iranian nuclear deal. what are your thoughts on what president biden has done so far and his stance? >> president biden is a friend of israel and a measure -- in america is israel's greatest friend.

we agree on the goal which is to prevent iran acquiring a nuclear weapon at all prices, any price, and anything is better than having iran acquiring nuclear weapon because it means placing nuclear weapons in the hands of a very radical islamic regime that is not rational. that means the whole middle east would go nuclear and that would be a nightmare for the whole world. the area we have to iron out soon is the means. we feel the current deal is a terrible deal because it provides a path to being on the verge of not one bomb but dozens. what we need to do is go back to the deal but change the deal so there is no clause that means

iran can go ahead and put together centrifuges which are advanced. we don't want them to create a weapon and wait for them to press the button. no one wants that so israel and america, once we have a quorum, we will engage with the united states to try and agree on the parameters of the deal. be what it may, israel will never allow iran to acquire a nuclear weapon. with or without a deal. kailey: we have to leave it there but thank you for your time. he is the former defense minister of israel and prime minster candidate. thank you so much for joining us today. maurice coming up next. this is bloomberg. ♪

mark: i am mark crumpton with bloomberg first word news.

the centers for disease control and prevention today issued new long-awaited guidance for what fully vaccinated people can do. >> fully vaccinated people can visit with other fully vaccinated people and small gathering, indoors, without wearing masks or staying socially distant. we are talking about private settings where everyone is vaccinated. mark: the cdc warns those who are fully immunized should continue to wear in public and adding there is a chance vaccinated people could still get infected and transmit the virus to others. as the race to lead the oecd has narrowed to two candidates, francine lacqua spoke with the european candidate and former eu commissioner for trade. she told us she got backing for the post from both european and non-european countries. >> there are 37 countries and i know i have backing from many european countries and