♪ emily: i'm emily chang in san francisco. this is "bloomberg technology." first we start with breaking news out of uber. the company planning to reclassify all 70,000 of its paid drivers as workers after a landmark ruling from the supreme court. this means drivers will be entitled to minimum wage, vacation pay, and other benefits. will an impact uber in other markets?

we will discuss. plus, as vaccines roll out fast and furious, will the travel rebound look like the roaring 1920's? the ceo of expedia who took the helm in the middle of the pandemic will join as here with his outlook on how we travel may or may not be changed forever. this as the debate over vaccine just to be around the world. president biden under pressure to share supplies with the world before all americans are vaccinated. melinda gates and the gates foundation have contributed $1.75 billion to fight covid and joins the fight for post pandemic equality. first, getting a look at the markets. u.s. stocks falling for the first time in six trading sessions. kriti gupta has more on the day.

kriti: a lot of red on the board because of the fed tomorrow. s&p 500 closed in the red. the new york faang index closed flat, but the nasdaq 100 a notable outperform her. this comes intended with yields that were higher, so this is telling you the inverse correlation momentarily pausing for a second. another spot that saw a lot love, semiconductors. not only today, 1.3% gains in the market, but on a yearly basis, semiconductors really ramping up. look at the chart behind me. you can see the escalation. 136% in one year. i want to hit some of the individual movers we saw in today's session. tesla, one of the worst performers today but also one that was weighing the s&p 500 as a whole. what was lifting it? that was apple. you can see the big tech players at odds with each other and other names not would not like to shopify, etsy.

a lot of pain in the tech sector but some spots of good news as well. lots of earnings stories for that as well. >> i want to highlight clown strike in particular. they are gaining in after hours after forecasts that came in higher than expectations. the revenue forecast, the low end of the rate is above the highest of the wall street estimates and that is giving a lift in after-hours trading. shares are currently 6% higher and rising. that is after the stock fell more than 2%. crown strike is still down about 7% you today but traders see a lot to like in this report. i also want to talk about breaking news that the rideshare company will reclassify its drivers as workers. it is a bit of a surprise and it is shaping up in after-hours trading. you can see uber fell as much as

3%, is down 1.5% currently. that is after 2% in trading. that is because the u.k. ruling may impact how the company is structured globally, and clearly traders do not like that, emily. emily: absolutely. we will talk about that some more right now. thank you so much for that roundup. continuing on this breaking news out of uber, the company announcing it will reclassify all 70,000 of its u.k. drivers as workers, entitling all drivers to minimum wage, vacation pay, other benefits after a huge ruling from the supreme court came down last month. now the changes are limited to the u.k., hoovers biggest european market, but it of course raises questions about whether the company is willing to adapt its model in other countries. joining us now to discuss,

priya. la cresta what this means. this has been a debate since the beginning of the company and now we see in the u.k. them making this dramatic change. >> exactly. this issue has been ongoing the company's entire history. a question for years. to see this happening now, it is evidently a turning point to say the least. very different from not having those things. uber has said this minimum wage, -- there drivers on average earn more than that. that might not be a factor that the company may have to face as a result, but it is a huge deal

and sets the precedent globally. everyone in this world will be watching this. emily: i guess the question is, could we see this expand to other markets? we know california prop 22 passed meaning they did not have to reclassify drivers at least in this state but this is a global company. could it have broader implications? >> that is the key question here. what kind of implications we will see in the u.s. uber for some time now has lobbied for a separate labor class with different benefits. one difference between the u.k. and the u.s. is the u.k. has a distinction between employees and workers. , in this change, these uber drivers will be classified as workers. in the u.s., uber has been lobbying for a separate labor cost. you have to think this will influence policymakers worldwide are watching. emily: what are the financial

implications for drivers? i mean, how often are you seeing them making short of minimum wage? >> uber says that the added cost to the company will mostly come from holiday payments, so for that vacation fund and pension contributions. they say on average uber drivers already earn 17 pounds an hour, 14 pounds an hour in the rest of the country, which puts them above the 8.72 pounds per hour minimum wage that they will have to start doling out. they say that drivers are already above that level and that will not affect them financially. for those drivers who maybe only are logging into the app a few times and doing certain numbers of trips a week and not on a full-time basis, it does provide a floor that they did not have before. emily: could this happen impact

on gig economy companies in the broader economy? there are different companies around the world, different delivery companies bigger in europe and elsewhere. will this have a ripple effect across the entire sharing economy ecosystem? >> given that uber is one of the most prominent companies in the space and defined the whole category over the years of gig labor, they were at the forefront of this. it would be very shocking to not see a ripple effect among other companies in this space, i think. to me at least it would be very surprising not to see other companies take action based on this or be forced to take action based on this. it is obviously going to set some kind of precedent. emily: all right. priya reporting for us. thank you so much for your take.

programming note, tomorrow at 5:00 p.m. eastern time right here on "bloomberg technology," we will be speaking exclusively to uber's ceo just one year after the pandemic shutdown across the united states. this is a conversation you do not want to miss. a story we continue to watch, google is cutting the fees it takes from developers on ad sales and have. -- in half. that follows a similar move by apple last year. 30% to 15% of the first $1 million in revenue. the company saying 99% of developers will benefit from that change. all right. coming up, the global response to covid-19. we will hear from melinda gates about how her foundation is assisting in the fight, who is most at risk from the pandemic, what is next, part of our continuing coverage of the pandemic one year on. this is bloomberg. ♪

emily: the vaccine rollout across europe is gaining headwinds as more countries across the continent have suspended the astrazeneca vaccine. suspensions on the drug would be lifted as soon as it is advised to be safe. across the rest of the world, vaccine doses are continuing to be administered with israel having the highest percentage of residents inoculated so far. i spoke with melinda gates on

the global covert response and asked how her foundation is making a difference, where the vaccine rollout is working, and not working. melinda: well, i think it is working and some of our high income countries. we are starting to finally see much broader distribution for instance in the united states and in some of the european countries. but it is not at all working at for middle and low income countries. those are places where people are struggling. they have their loved ones who get ill. they cannot get them to a hospital, much less in icu. so they are really struggling in many countries around the world. emily: so there is obviously a moral case for vaccine equity, but what about the economic case? why should somebody in new york or san francisco care when somebody in africa gets vaccine? melinda: absolutely, it is the right moral thing to do. but economically, we are not to have a swift recovery in the united states or europe if we do not make sure everybody gets

vaccinated, because what will happen is this disease -- we know it crosses borders. we have seen it all across the rope good as the variants breakout, they will absolutely come back into the united states and europe and japan and so our supply chains will not fully be up and running. we will not get our travel and leisure or business community up and running in terms of travel. economically if we are going to really open to the global economy, we have to take care of this everywhere. emily: so if vaccines are not distributed equally, obviously there is economic consequences. there will also be more deaths. what are the consequences of that? melinda: more death is a tragedy for every family that experiences a loss, but also we have to remember it is wreaking havoc on the health care systems of these countries. what it means is a mom who is pregnant does not go in for her visits and is not go in

for her delivery so she delivers at home. we have 49 million women who will not get contraceptives during this pandemic. that means 15 million unplanned pregnancies in one year. that is like adding up the cities of chicago, new york, and l.a. saying we will have 15 million unplanned pregnancies. wow. emily: vaccine nationalism is stepping up. as this continues, you have nations competing for supplies. do you see a better way? melinda: well, i think we started off in the world in a good way, which is to try to pool both the demand and matched it to what would be the supply and have financing for that. the u.s. did not come into that financing until the last stimulus bill that happened in december. they finally put money forward, which ups with this company to purchase vaccines and get it organized. we are just now coming in with

the latest stimulus bill for testing and treatment. that would happen the way to go, to really match global demand and supply and first get it out to all the health care workers all over the world before you even begin. then going to vulnerable populations. emily: meantime, there is continued disinformation about vaccines. how do you see that kind of misinformation? melinda: when you see it, i will say it is incredibly disheartening because honestly it causes death. people not doing the right thing, not getting their mom or elderly father vaccinated. we will lose more people. we are losing more people. so it is disheartening. on the other hand, as more people are getting vaccinated, just take the united states, we are seeing more demand for vaccines. we are finally seeing the countercyclical part of that argument, but it is always disheartening to see something like that. emily: a huge part of your job before the pandemic was

traveling around the world, meeting people, talking to them in person in far-flung places that most of us don't get to go. how has your job changed during covid now that you cannot make those trips? melinda: well, i think like so many others who are lucky enough to have access to a computer and good internet, i am doing a lot of meetings online. and they are pretty continuous throughout the day. i am certainly meeting with still leaders around the world and community organizers around the world, but i miss the deep connection and interaction with women -- with a woman in her home or a man in the field or the children. i miss that and i look forward to when that will return hopefully in the next year. emily: in your any will letter, you unveiled that the recovery starts with women. what do you mean by that? melinda: well, women have had the most devastation. women and people of color in

this crisis. we know women have left the labor force in droves. we know they are at home with this complete care gripping crisis, taking -- caregiving crisis, taking care of the young and elderly. if we will have a full response and a swift response, we have to stop thinking of the world of gender equality as this nice thing to do when we get to it or this side issue. no. it is the central issue. if we will get a full recovery and a swift recovery, we have to address all the issues that are facing women. we are in a crisis for women and people of color in this country. emily: the last time you and i spoke, it was about your book "the moment of lift, how empowering women changes the world." that came out two years ago on the heels of metoo. there was a lot of hope. have you seen that play out, or have you seen progress derailed? melinda: we have seen -- i would definitely say that was a moment of optimism for me, and i would

say now women are in a moment of crisis. we have seen a lot of work derailed. you know, we have seen women who -- women in the last 30 years were coming out of poverty in the globe and now we are seeing a huge setback in that arena. we are seeing setback in the labor force. a number of women who have stepped back from the labor force in the united states, two thirds of the jobs lost in south africa where women's jobs. i think we are in a moment of crisis. but then on the flipside, i see these female leaders. prime minister jacinda ardern, prime minister merkel, how well their countries are doing. in india, they immediately mobilized and got messages about covid out to millions of people in northern india. so i see the hope on the other, but there is a lot of work to do. emily: melinda gates, cofounder of the bill and melinda gates foundation. we will have much more on that conversation at the bloomberg equality summit that says which

company's are leading the ways to close gaps in health care is to be in, responsible investing, retail, and more. the summit convenes at the front lines of policy on these topics as well as the steps they are taking to move forward. we will bring you more hybrids tomorrow and that conversation with melinda gates. coming up, game on in the electric car space. volkswagen aims to overtake tesla as the global electric car leader. we will hear from the ceo of volkswagen next. and as we head to break, let's take a look. gamestop, express down as well. gamestop losing a third of its value over the last two sessions. we know bill gross said earlier on blueback television he has made a lot of money betting against gamestop. we will continue to follow.

this is bloomberg. ♪

emily: volkswagen shares surging after unveiling plans to surpass tesla as the global electric car leader. the german carmaker has swiftly gone from corporate dinosaur status to stockmarket darling. volkswagen says it will standardize key technology classes, falling empire. bloomberg spoke to the ceo earlier and asked him about the investment. herbert: we are happily investing in fast charging, which is probably the biggest constraint on the customer front because of anxiety will. germany is growing. but other regions, we are really lagging behind like spain or italy, and this is where our investment mostly goes. mostly it goes into fast charging and providing home

charging devices. but step-by-step, we see the situation will alleviate. i would say in parallel. so far, it is going well. as you know, actually, ev has lost the race. all competitors are following us. >> i look across the investment and i see $29 billion for battery factories, $30 billion in the new software focus. obviously, it costs billions of dollars to design these new cars and put them together. how are you financing what looks like almost $200 billion in investments to push into the electric car industry? herbert: we have strong cash flows from our business last

year, and we are also providing to -- i would not say our legacy business, but the internal combustion engine business, we want to keep it strong and profitable and we are working hard to keep it strong and profitable. matt: how long will you keep the internal combustible engine business? i know you want to have 15 electric car models by 2030. am i still going to be able to buy a 9/11 with a gasoline engine? herbert: you should be able to buy still. i think this transition will probably last two lifecycles or so until 2035. it depends on the reach of policies. i also have to take electrification does not make sense in every environment because electrification only works when co2 is the basis.

you either use sun or solar or hydro. and that is why we assume that the regions will have different speeds in transition. now, europe has really taken over. there is a strong push now with the new administration in the united states as well. china keeps on pushing. might come 5, 10, 15 years later. emily: volkswagen ceo herbert diess. meantime, a tiny etf tracking innovative company is beating one of the most famous investments on wall street. the moonshot innovators etf is up 39% is here. meantime, kathy woods has risen just 3.5%. getting hit hard.

coming up, we are looking at the recent rally in the tech sector. will the momentum keep up? that is next. this is bloomberg. ♪

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♪ emily: welcome back to "bloomberg technology." i'm emily chang in san francisco. let's get back to market movers and bring back bloomberg's kriti gupta, walk us through the day. kriti: check outperform dust tech -- tech outperformance is the story of the day. is it fundamentals or

technicals? it might be technicals. want to show you a charge in my bloomberg terminal that compares nasdaq 100 relative to s&p 500. compared back to the middle of the chart receiving 1999 tech bubble hovering around the 3.2 racial. you're seeing technical developments on the idea that in the past few months, we have been hovering around that tech bubble ratio. i want to broaden this a look at p/e ratios -- and look at p/e ratios, because that is where this market is being evaluated, s&p 500 trading at 23 multiple tech, but this is one of the most expensive stock sectors in the s&p 500 by this metric. even though you may have fundamental fighters -- fundamental drivers, it goes to show that people are eyeing you asians and technical levels. emily: thank you for that

update. sticking with tech rallying, we are here with dan morgan's and, textbook folio senior manager. is the recovery in tech something that is going to happen longer-term, or are you worried about a correction? dan: the tech sector, going back to your valuations on multiples, if we go back to summer, the sector was trading at 70 times earnings. we are nowhere close to that. rejected road freight this year is 20%, projected budgets 6.3%. i would say we are not anywhere close to a bubble situation in terms of valuations compared to the past, and fundamentals are still very solid. you mentioned the snp information technology index, that is up 90% from a year ago with march lows. they had huge rebounds this

sector, delivered great growth last year, rotated in the sector regardless of deep cyclicals, but i believe fundamentals are in place for tech in 2021. emily: meantime, i know you do old shares of uber. what is your reaction to them reclassifying 70,000 workers in the u.k. for now, drivers reclassified as workers which entitles them to different kinds of pay and benefits. it could happen more broadly. dan: that is a sizable amount, emily, around 70,000 workers. i think what that does is raise questions going for is when will uber become positive? the guidance we had before, the consensus that they would do $1.8 billion in 2022 and finally be positive. we have to remember both lyft

and uber have not made money and are not profitable. so it raises the question, emily, what is the impact of this question in the u.k. -- what is the impact of this moving the u.k. to change them from contractors to employees? that changes the model for uber in regards to becoming profitable. that is a really big story. we have to follow it very closely, because it will change the dynamics in regards to the fundamental view of the stock. emily: does it make you question at all whether you should keep holding it, or no? dan: we don't have a huge position in uber, we have a little position in lyft and uber, so it is not a huge position. we are anyway tend see mode to see if it moves to other parts of the world but if it does come i think that would be something where investors would change their view on the stock. emily: taking a look at semis, a number of chips are higher today. what is going on there?

dan: you had upgrades from big brokerage firms, ups did an upgrade, you just had a positive swell going on in the group read remember, -- in the group. remember, we have gotten these shortages so that means more demand these chipmakers can provide, so it is a great environment for them. sectors that aren't doing well, automotive's end industrials, we are seeing a nice rebound there. the chip sector is executing on all cylinders compared to where we were a year ago. i think you're seeing more analysts upgrading the group and we saw that today, and that is what led to kla, applied materials, lam research, all up on that news. so things are going well right now in the chip sector. emily: let's talk about cyber, crowd strike reporting. and we are in a new threat landscape right now, given what we have seen from solarwinds and then the microsoft email hack.

what is your take on crowd strike as a name that can help fight some of this? dan: it is interesting, because if you look at their annual recurring revenue, it was up 75%. they beat on earnings. they beat on sales. the only negative that came out that led to the stock going back was the fact that the guidance of earnings-per-share estimates for next year was a little bit below the street. but if you can get away from the minutia of the day today and look at the bigger picture, you have a company growing revenues about 80% per year. they are a company that is point two point, all cloud, not like symantec and mcafee end older competitors that have been migrating to the cloud. and like you said, emily, we are going to continue to get these threats across the board. at they are positioned really nicely. a company that is growing at a fast pace right now it seems to be in all the right spots and of course with cloud play and

security, the fundamentals look very strong. we would expect stock to continue to execute after a very strong quarter. emily: dan morgan, synovus trust portfolio senior manager. thank you for stopping by. t-mobile is kicking off a bond sale to help by high-speed spectrum licenses paid the mobile carrier, selling up to $3 billion in bonds. it will use to billion dollars to buy licenses and the rest to refinance debt. last week, verizon sold $25 billion in bonds to finance the 5g airwave purchase. coming up, the travel industry is finally seeing a pickup in sales, a year into the pandemic shutdown. the expedia ceo joins us next to talk about the lessons he has learned in the last year, and what travel will look like. that is part of our "pandemic: one year on: series. this is bloomberg. ♪

♪ >> and we had to face the hard truth that travel, we did not know when it was going to return. and we knew it would be different, it would never be the same. ♪ emily: that was airbnb ceo brian chesky, sharing what went through his mind as the early days of the pandemic lockdown stroke $1 billion in cancellations. one year after the lockdown started in the u.s., the transportation security administration reported a surge

in airport traffic, the number of check ins catching up to last year's levels. u.s. airlines carried more passengers friday and sunday than at any point since year ago, exceeding 1.3 million travelers on both days and showing solid signs of recovery. joining us to discuss the past year in travel and what the post pandemic looks like, expedia ceo peter kern. peter, thanks so much for joining us. you have had quite a year. i would like to start with signs you are seeing of pent-up demand. some folks speculated is going to be like the roaring -- speculated it is going to be like the roaring 20's. how would you characterize demand we are expecting? peter: thanks for having me, emily. we're definitely seeing sides of enthusiasm in the world, alth it depends entirely on the situation in different geographies. in europe today, it is not so

great, there is a lot of lockdown's going on. but in north america, we have seen a ton of enthusiasm for travel. you mentioned tsa numbers, spring break has sprung in the southeast end mexico and other places where it is warm, and people feel like they can get outside and have fairly normal vacations. there has been huge demand, and in many of those places, we are outperforming where we were two years ago at this time. so we are seeing real demand spikes in places where people can enjoy a great vacation, but there are parts of the world and parts of this country that are still much lower, including cities and other spots, where perhaps you can't have the same kind of vacation you would have had a couple years ago. emily: brian chesky, ceo of airbnb, reiterated comments he made to me last june, when he said travel will not be the same.

what parts of travel will be forever changed and what parts will bounce back? peter: i have heard brian say that, and i have tons of admiration for brian, but i disagree. i think travel will largely back to what we knew. if i am hard-pressed to point to an area that will not rebound, a lot of people pick on on corporate travel and there are reasons to think that will take somewhat longer to come back. and it may be forever changed in the sense that internal corporate travel may be different. but equally, if we have more remote work, there may be more use cases when this people need to travel and get back together with their teams. so i don't think we know yet. corporate is the biggest question, but i have hopes it will largely be back. and as far as leisure, where people go, how they go, for sure they have discovered some new things. and in our case, it has been a

very strong use case for travelers and travelers have had a chance to experience growbo, and people will have opportunities to vacation. i think it will largely be back to where we knew it at that will be great for the industry end for me and you, who are probably dying to travel like everyone else. emily: interesting, you taking a counter position to some of brian chesky's points. let's talk about vrbo versus airbnb. can you talk about industry overlap at this point in your playbook to differentiate it from airbnb, given that you do rely more, as i understand it,

on traffic from google. peter: that is historically somewhat true. airbnb has said they are out of performance funding, we are not. but we have been extremely successful and robust during the pandemic. it all our largest markets, we have grown share against airbnb. and we have been very successful. as i said, consumers are looking for our use case. the data, we don't publish, but there is considerable overlap. we are all about the home experience, which has been really important during covid. people want the four walls of their building to themselves, and there has been huge demand for it and we have driven great success. airbnb likes to quote their numbers. we have driven more in new host

booking value than airbnb has during this same period, and on average, our hosts make more substantially than in standard airbnb host. we think we have terrific inventory for consumers, but we don't cover our use case in our prices and places where we have been strong, we have been very strong. emily: i have definitely noticed better prices on vrbo, i will say that. will hotels ever come back to pre-pandemic levels? peter: i have zero doubt hotels will be back. in places i mentioned, south florida, mexico, we are seeing booking levels at or above two-year ago levels, some normalized levels.

it is a question of when and where, which is to say, this summer, if you want to go to a beach you love or to mexico or the caribbean, you will be hard-pressed to find opportunities at homes. i think a lot of consumers will be surprised when they get their vaccine and feel confident to go, there may not be much left to go to. there will be other great places, lakes and mountains, but i think you will see all of that will fill in, with the exception potentially being that it takes longer for cities to come back, depending on how cities open up so when new york opens theaters, when cities are open across the globe, when restaurants are open and you can eat at them normally, i think people will flow back into all those places. but in the meantime, it is really a question of what is consumer confidence in terms of your competence and safety, and what is the place going to be like? if you go to a beach in mexico,

it is going to feel like a beach in mexico. if you go to a city where restaurants are closed and you can't go to the theater, that is going to be a very different experience. emily: pater, -- peter, you took over last year in the middle of the pandemic, the flood of cancellations, so you have had quite a year. you went through a restructuring, 3000 jobs cap. i am curious what you learned from that and how you think expedia might be a different going forward, given what you have been? peter: obviously, it was a terrible time we experienced, freefall and travel across the globe. we had huge cancellations, customers to deal with, suppliers to deal with, and we try to take care of our

suppliers just like we take care of our customers. it was a very tough time, there were questions about the industry. i wasn't actually that worried that travel wouldn't be back. i am no scientist and certainly had no right to believe it would be back this fast and this robustly, but it gave us time to think very seriously about what we wanted our future to be, and changes we wanted to make in terms of how we put her energy into our products, into our technology, it is the underpinning of our business, and how we support suppliers. so we have taken the year and really put ourselves into that more than anything. and we think we are going to be a much better, different company in the future, better products, better ways to shop. emily: peter kern, ceo of expedia, we have to leave it there, but fascinating to hear your outlook on what is to come

after what you have been through. coming up, we are going to take a closer look at the cofounder of one of the most popular new social networks. everything you didn't know about the app cofounder paul davison, next. this is bloomberg. ♪

♪ >> think about voice, it is relatively new in the world of social net can, at least in the u.s.. but we have been gathering with people and talking for as long as civilization has existed. it is something that is really human. so our goal is to create a new type of network that is more about authentic, human connection, then gaining likes or follows. and we found voice is a really powerful medium. emily: clubhouse cofounder paul davison there. joining me now is bloomberg's lm

hewitt who just wrote a revealing profile on davison. i have been following paul for 10 years, we had him on the show when he did highlight, social network that got a burst of energy and then fizzled. and here we are at clubhouse. tell us about his journey. >> paul davison has been a fixture in silicon valley for at least 15 years. he is known as someone who has a lot of ideas for social apps. he seems to be fascinated by different ways you can use technology to connect with people. and you have seen that in some of the things he made over the last decade, including highlight, a very popular, for a short time, app in 2012. it was a breakout hit at the south by southwest tech festival in 2012. he used the locations of other smartphones near you to show you, your friend is nearby, or maybe you have the same interest

or sports team, and he has made other apps that encourage you to share your camaraderie with a selected set of friends. -- your camera roll with a selected set of friends. he pushes the boundaries of what you think your social lap should do and how much you should share. emily: how has his personality and experience shape the way clubhouse has developed now. and i am curious if you think clubhouse is bigger than highlight ever was. alan: it is going to turn one year old tomorrow. it started before that, but tomorrow marks one year since paul and his cofounder started their wrap. that is the anniversary they like to mark. clubhouse has had a year where

it has steadily grown in popularity, raised a lot of money, and to reach that point after less than a year of being publicly available, it clearly has momentum. obviously, with these apps, it is hard to tell how long they will stay at the top, but you are seeing this ecosystem built up at clubhouse, where people are finding their own place as clubhouse influencers. i am. to see where it will go next. as it relates to paul's personality, i talked with him and they'll say he is super optimistic, energetic and loves to come up with ideas. but that optimism can sometimes blind him to the ways in which his app can be used for nefarious things. we talk to someone who said, when he built highlight, he wasn't thinking if someone was a stocker, someone was trying to

hurt you -- a stalker, someone trying to hurt you, and he was thinking about more like, how can we connect people. emily: bloomberg's ellen huet, a detailed profile of paul davison on bloomberg.com. join me this thursday at 3:30 pacific, about a half-hour after the show, the bloomberg opinion club page. i'm going to be moderating a discussion on the post-pandemic tech economy. i am going to be joined by bloomberg veterans and opinion columnists like tim o'brien. be sure to follow bloomberg opinion to get notified when that event begins. i sure you, it will be very opinionated. that does it for this addition of "bloomberg technology," and make sure to tune in tomorrow

for more of our one year on bloomberg pandemic. we will have a ceo exclusively on the move to make uber drivers employees. you don't want to miss it. i'm emily chang. this is bloomberg. ♪

♪ haidi: welcome to "daybreak australia." we are counting down to asia's major market opens. shery: good evening from bloomberg world headquarters in new york. i'm shery ahn. haidi: antony blinken in his first trip to asia, accusing beijing of coercion and aggression. talks between