emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up, u.s. stocks climbing to a record amid evidence the economic recovery is gaining momentum. we will check in on tesla after it reported record first quarter deliveries. vaccinations pick up speed in the u.s. variants, still a huge concern. we will get the latest on efforts to stop the spread of

covid-19, especially when it comes to children and travelers. changing the face of entrepreneurship. apple and paypal are two big tech firms committing to harlem capital partners, in an effort to support more black and latinx founders through venture capital. we begin with the markets in the u.s. stocks reaching records. to kickoff the week, katie grayfield and abigail doolittle have the latest. katie: it was green across the screen today as he was traders had their first chance to have the blowout job print from friday. the s&p 500, nasdaq 100, semiconductors index, all ended firmly higher today. you sawtek break away from the broader s&p 500 as the rise in rates cooled a little bit. you see the 10-year treasury yield ended flat at 1.7%. this is a trend that has been in the works for the past few weeks. you can see the s&p 500 is about

8.6% higher on the yield on the year. that is higher than the nasdaq 5.5% gain. as you can see just in the past few weeks, you are starting to see tech makeup ground, as the selloff in the ground -- the bond market starts to sell off. let's switch up the boards one last time. you can see this clearly in the etf flows. the qqq etf, that tracks the nasdaq 100, it has seen two straight weeks of inflows over $2 billion. clearly, investor group -- investors are getting more comfortable owning those into -- those expensive textures. abigail: with rates and yields lower, it seems to be helping the many rotation we are seeing into technology. not surprisingly behind those qqq inflows, in terms of stocks performing well, we are looking at microsoft, facebook, and alphabet. record highs. for facebook, the first one since last august. not a new fundamental news.

apple in on the party. lots of green on this screen. investors want in on this year's catch-up trade. cap until last week, this had been the trade that had been underperforming of the year as yields had gone higher. . and brought valuation into question. speaking under pressure, gamestop ending the day lower. well off the lows. the lows i recalled earlier, down more than 10%. this is the company is going to offer up to $1 billion in shares, as secondary offering. clearly investors worried about dilution. the more amazing thing is the company taking advantage of the share price. this was a four dollars stock. it is now a $187 stock. overall, investors looking past the weakness. the stock was green. let's end on the big one. i'm talking about tesla. soaring on the day. up 4.4%. earlier off more. this is for the blowout first quarter delivery number you were talking about.

they delivered 180 5000 electric vehicles in their first quarter. 15,000 better than the estimate. very cleart their move into china and europe really paying off. also interesting, the rest of the space, early on, soaring. not so much at the end of the day. but tesla did hold onto those gains. one of the best stocks for the s&p 500. emily: all right. thank you so much. as abigail mentioned, over the weekend, tesla reporting stellar first quarter numbers, blowing past expectations and helping it to defy the broader selloff in the electric car industry, this amid growing skepticism about the future of president biden's infrastructure bill. shares of tesla jumping, erasing the year to date loss over the last year. the stock has advanced more than 600%. for more, we are joined by collin rush who has an outperform rating on the stock. first of all, when it comes to deliveries, how did tesla defy

the odds? in the u.s., an economic recession. collin: i think it is important to understand the sophistication of their supply chain management. i think it really stuck into a couple of key markets in the u.s. and china, where they did not have to have such a long logistic timeline to get the cars into the hands of the consumers. i think it was a combination of the seeing these things early, getting the components to where they needed to be, and delivering close to home with their factories. emily: given the delivery number in the first quarter, how many cars do you think tesla will deliver in all of this year, 2021? emily: colin: they have -- colin: i have a shot of going above 900,000 this year. this is a good start. as we look out across the landscape, they need to. -- need to procure some batteries. there is a chip shortage. the demand is there.

consumers want these vehicles. and they certainly have a lot of folks looking for them now. it is incumbent upon them to produce them, to hit those numbers. 900,000 or more is within the realm of possibility. emily: we are still dealing with this chip shortage. i'm curious if the number surprised you given how so many other companies, industries are suffering because they can't get the chips they need. colin: they have got dedicated supply for their own chips around the program. we think they have strong relationships with those chipmakers. we do think they are one of the highest growth platforms for ev's, and certainly technology note. they are a priority for a number of their suppliers. one of the things we are seeing across-the-board is the larger buyers are getting the components. we think tesla is a truth -- is a strategic customer for their suppliers and will have an easier time. i want to emphasize the point

that they saw this coming early. they did this while in 2020 in terms of covid in preparing for it. we think they saw the re-ramp in the economy coming early, and adjusted accordingly. emily: tesla making the model three and model y at its factory in shanghai. how concerned are you about the chinese government banning teslas at military complexes and housing facilities, given security concerns about the cameras inside the car? is that a big deal? colin: i think it is. it is not a huge surprise. we have a lot of interdependency between the countries. there is a lot of competition. there has been concern around huawei. i think there is going to be an ongoing element of this trade negotiation, that are expressed through the companies. we see that historically both in china and in the u.s., where there are restrictions placed on these companies. for tesla, it is interesting

that they have -- they are the only foreign company that have a in the outer space. they have a fair amount of ip in the country, and battery chemistry. as you look at the communication technology, individualization, and what that means for those vehicles, potential assets for foreign countries, we think it is really a risk for everybody. whether it is in the u.s. or overseas. and there is going to be restrictions on that. i don't think it slows down the sales of those vehicles. but it is going to slow down some of the consideration on how the vehicles get used, and really it is going to need to narrow -- tesla is going to need to narrow their focus on who to focus on. we are not concerned about that impacting numbers. emily: so you have got an outperform. what do you think the next big catalyst for risks are to the stock, especially with this

potential big infrastructure bill from president biden? colin: our view is the bill would be nice to have. the root of what we are expecting year over the next year or two is to see tesla layout their competition even further with their full self-driving functionality. it has over one million cars on the road that are collecting data. we see about 6 million miles to roll out functionality. we think tesla can roll out that testing on the road in less than six months. to put this in perspective, the million vehicles, compared to several thousand vehicles for all of their competition. their ability to test and validate new functionality is offbrand. we think that is the real key to the stock from here. that is why we are so bullish. that they do have a robust ai system of testing and validating data. and i think they are going to be able to roll out new

functionality before their competition and move into level three plus, and even level four before their competition. emily: all right. we will be watching. colin rusch of oppenheimer, great to have you on the show. thank you. coming up, after years of scrutiny, facebook fails to protect personal information yet again. leading -- leaving the data of hundreds of millions of users widely available online. we will have the details next. this is bloomberg. ♪ ♪

emily: after months of lagging,

facebook shares surged t record high at the start of the week with big tech stocks rallying amid optimism about the strong pace of economic growth. casebook is scheduled to report first-quarter results. wall street expecting revenue to rise more than 30% according to data compiled by bloomberg. the stock rally coming after a cybercrime intelligence firm discovered the personal data of more than half a billion facebook users reemerged online for free. the leak, a reminder of how much information the social network collects about its users and how it has failed to protect that information. for more, i want to bring in kurt wagner who covers social media. yet again, this diversion between bad news about facebook and the stock going up. i don't get it. why? kurt: i think when you look at this kind of data, first of all, it is whole. a couple years old. this still doesn't look good for facebook. i think people have come to peace with this idea that the business operates in this weird silo that the press and the

publicity of the company just doesn't seem to affect. we have seen so many issues with facebook over the years, including privacy issues of 5 billion-dollar fine from the ftc for privacy issues and facebook keeps making more money, adding more users, people spending more time. i think people have gotten comfortable with the idea that the business can be separate from bad press. emily: and i wonder if we are too comfortable with news about our data being leaked online. yet again. what exactly happened here? i know facebook says the data is old, but does it matter? kurt: it doesn't matter because it is your phone number and username and your email out there. it doesn't feel very good. and the problem with facebook and these data leaks is that yes, the data is a couple years old. but you can't get that back once it goes onto the web. once there is a vulnerability, even if facebook says hey, we

fixed this issue a couple years ago, well the data is already out the door. you can't bring it back. that is the troubling part. these companies will suggest hey, we fixed it, it is not a problem anymore. but it is a problem because this is stuff that lingers and affects people long-term. there is obviously identity theft issues when people can have that type of personal information about you. it is disingenuous to say hey, this problem is fixed, when once the data leaves, there is no fixing this. emily: what exactly was stored online? if you are a facebook user, what should you be worried about right now? kurt: the stuff from this was phone numbers and obviously emails. those are things that people use for logins or people use as identifiers. oftentimes when i sign up for a new account, i will do so with my phone number and they will text me codes. hey, enter this code to access your account. that is the kind of stuff that can be scary for people.

while a lot of this is the information you might readily share with someone you trust or no, it is not the kind of stuff you want on the internet for anybody to see. i think that is where things have maybe scared people or reminded them that this is the kind of data facebook has access to. emily: meantime, russia and twitter have been at odds. the country has been threatening to block access to twitter inside of russia as a result of content on the platform. there have been develop and stare. what is happening? kurt: we have seen this play out in other countries. you think of china where twitter is not able to operate. you think of turkey. you think of other countries in the middle east where there are governments that are very strict around rules of the internet and what they believe should be allowed to be shared. we are seeing this play out with russia now. the two sides met over the weekend and basically, twitter

is going to act more aggressively to remove illegal content at the behest of the russian government. it is a fine line to walk. these companies are always walking this where they are trying to be as helpful as possible to bring down illegal stuff, while not necessarily taking down stuff that should be free speech or activism and things like that. this is not unique to twitter and russia, but obviously a huge country with a lot of influence and a lot of interest in the united states. it is something we are watching. emily: all right. bloomberg's kurt wagner, you will keep us posted. thanks so much. coming up, one measure capital firm aiming to change the face of entrepreneurship by investing in 1000 diverse founders over the next two decades. we will talk to harlem capital managing partner next about how they plan to put $134 million fund to work. this is bloomberg. ♪

emily: a big leap for google at the u.s. supreme court. the justices ruling google didn't commit copyright infringement when it used oracle's programming code. to victory spares google from having to pay what could have been billions of dollars in damages. the 6-2 ruling marks a climax to a decades old case and promised to reshape the rules for the software industry. meantime, black and latinx founders raised 2.6 percent of overall funding in the u.s. in all of last year according to crunch space. harlem capital partners is working to change that number.

the venture capital closed another fund at $134 million more than its target. among us investors are paypal and apple. the iphone maker saying it is committing $10 million to support harlem capital's mission. joining us for more, managing partner. thank you for joining us. talk about that mission. how do you convince a company like apple to get on board? >> yeah, we invested in 1000 divers founders for over 20 years. -- diverse founders for over 20 years. a lot of corporations have self reflected. we were introduced to avalos fall. they were looking to make an investment. after a couple of months of getting to know each other, there was all -- there was a lot of synergy between what we were trying to accomplish together. emily: talk to us about the kind of founders you are looking for, the kind of companies you are looking to support?

> we are early stage. we invest post product. sometimes pre-revenue. sometimes early revenue. our mission is focused on diverse founders. we largely invest in people of color, women founders based in the united states. and largely focus on technology focused companies. whether that is enterprise tech or consumer tech, we are looking at companies across industries like fintech, e-commerce, wellness, hr tech, etc.. we have a broad scope. we just want to invest in the best diverse founders in large markets. emily: to us the answer may be obvious, but to other state may not be. why is it important to support diverse founders? why aren't their ideas getting in a funding and support? >> the biggest thing for us, my partner and i were at harvard business school and we were doing our independent project, and 4% of funding goes to black, latino men and women of all

races. that represents 70% of the u.s. population. that 27 nextel to was clear to us that it was not because of meritocracy. there was not a lot of data we could find to prove diverse founders do better. our thing was this should be on parity. the population should be on parity to who people are investing to. often the narrative is, do divers founders return -- produce better returns? there is a lot of debate. i think that should not be the framing. framing should be, are they just as good? why do women founders need to be better than the majority for you to invest in them? that is a mind shift for us. we don't need you to be better, but we know you are good and we want to invest. 27 times of you are getting back less than your peers. emily: one of the things really unique about your fund is what you are calling cultural carry, which means the founders you invested and will be able to share in the returns of the entire fund. how does it work and why are you

doing that? >> one of our founders asked if he could invest in a fund which we thought was a huge honor. the thought became, why should our founders have to put up money into the fund? if we are going to make money from the fund, it is only because it -- going to be because of the work are founder has done. how do we give our founders equity in our fund without them having to put up money because they are the reason we exist? second piece was harlem capital is the diverse ecosystem. how do we have our founders want to support each other more? because of the way venture works, we will invest in 45 companies. probably five, maybe 10 will actually generate all of the returns for the fund. 30 to 35 founders who have a successful journey, but that success will not mean that they will make an my name -- make money necessarily. all of our founders win. that incentivizes each of our founders. we all believe we will be the

winners. we don't actually know. to incentivize our founders to create a community where it is like, i'm going to support you because i'm in an environment where all of us are going to win. emily: i wonder if you think that is a model that other organizations could take on? should more silicon valley be doing this? >> i think you are seeing this at the corporate level. people are pushing down, ceos have more equity. they are trying to dice -- trying to disperse that. emily: looks like we lost him. obviously such an important, fascinating mission. and very supportive of the work they are doing. managing partner at harlem capital partners, we will get that online for you so you can see the full segment. coming up, covid-19 verys versus current vaccines. we will look at how much protection they give and why one is not faring too well against

the south african strain. a really scary one. that is next. this is bloomberg. ♪

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full body results like total gym. and right now you can try it risk free and enjoy special savings too! get on demand workouts free, free shipping and more. call now! emily: welcome back to "bloomberg technology." i am emily chang in san francisco. for the top movers, we are joined by abigail doolittle for a check and. abbott up for us. abigail: but rally for the s&p 500, it was all about the reopening trade. a big piece, what is being called the leisure trade. business and leisure. up 4%. upgraded at raymond james. a thought that many folks will be using some of the east coast beaches more. that is helping domestically based. on the airlines, higher on the

idea that folks are traveling. last friday was the biggest check-in for tsa. i think 1.6 million travelers since the pandemic began. norwegian cruise lines, they are going to be back in the water by july. there are complications with the cdc. but you see investors responding well to that. the same deal for mgm resorts. a favorable upgrade at morgan stanley saying las vegas is about to be on fire. amc, speaking of being on fire, godzilla versus kong, that drew folks to the theaters. amc is up, up and away. that is the deal for the ble isure category. if we look at over the last year, what we are looking at in blue, that is the s&p 500 hotels, resorts, and cruise lines. in white, the stay-at-home names. for the most part over the last year during the rally, they have closely tracked each other. over the last month or two months, we see the travel stocks taking on -- taking off.

this has everything to do with the stimulus checks and optimism around the vaccine. finally, if we flip up the boards, what we are going to see come in two of the big vaccine companies, very interesting. in orange, we are looking at moderna. in white, pfizer. both of these stocks have done well. more recently, we have been looking at the knees. especially for pfizer. over the last year, moderna up more than 200%. pfizer have more than 10%. probably has to do with the fact that the vaccine is a smaller part of their portfolio. overall, these stocks have been helped out. the stock market overall, and sentiment being helped out by many people now on their way to either being vaccinated or getting vaccinated. emily: all right. yes, they are. abigail doolittle, thank you so much for that update. more than half a billion vaccines have been given against covid around the world, up from

just about 10 million at the start of the year. sd new variant of the virus continue to make headlines with researchers attempting to track whether the vaccines are doing enough to protect us. with me now, michelle cortez who covers health tech for us. talk about these variants. how much protection do the current vaccines actually have against these new variants, specifically south africa and brazil? michelle: so, you have narrowed in specifically on the variants that are the biggest issue for the world at this point. the vaccines we have are significantly less protected against, especially the south african variant. now, we are looking at the madrona and pfizer mrna vaccines that are about a little less effective against that variant. although they do provide some protection. the astrazeneca vaccine does not seem to be helpful against the south african variant. the johnson & johnson one provide some protection.

the most widespread variant is the one that came out of the u.k. it does appear to be protective against that. the brazilian one falls a little in the middle. the bottom line is we are still getting some protection from the vaccines against all of these variants with the exception of the astrazeneca shop. the concern is that the variations are not going to stop. the mutations will continue to happen. and health officials are worried about is what happens next. emily: pfizer is testing a third booster to protect against some of the variants. what is the status of that, and if we are going to need a second booster in general? michelle: there is a couple of pieces going on. there is the idea of another booster. you can think of that almost as an annual flu shot, an annual covid shot, where we are going to need something that boosts our immune system to remind them

that this viruses out there and to get our immune systems on high alert every year. that we will get some. kind of additional protection and we have seen even in all of the epidemiological work. if you have gotten covid before, then you get your first vaccine, it looks more protected. if you have not had covid, you need the second vaccine. it is the second exposure that seems to be most helpful. the other thing happening beyond getting another one of this exact same shot, the beauty of the mrna vaccine, is we can develop them quickly. those pfizer, biontech and moderna are working on a next-generation vaccine that specifically targets the south african variant. they are also working on the u.k. and brazilian variant. they want to have another vaccine that would be available to people, should we need it. emily: and then, there has been progress when it comes to kids aged 12 and up.

what about kids that are younger? when can we expect those children to have access to vaccinations and for adults who do get vaccinated, do they still need to be careful for their children at home who are not vaccinated? michelle: we do know children are much less likely to get infected and less likely to have severe cases. but, if you are not protected, then you are not protected, and there is danger theoretically. specifically that they could perhaps be carriers of the virus and to be spreading it to other and vaccinated people. it is probably going to be a while before we get evidence on how well these youngest kids do, because the focus is going to be protecting everybody in the higher risk. but the number we have been getting so far are really remarkable in younger children, in adolescents, and young children. that any vaccination appears to be very effective. so, we are increasingly doing the clinical trial, and the number of vaccines that are

being manufactured are increasing at a significant pace. i do think in the next coming months, we are going to be getting vaccination of younger ages and hopefully it will be just as effective, if not more so in those younger kids. emily: how do you expect this to evolve? do you think we will be getting a yearly booster of the vaccine that will be separate from the flu shot, annually, and it will not necessarily matter what brand you get year-to-year? just over time? michelle: when we look at the way that viruses work in general, you can tell, is this fire is going to be like influenza, which mutates very actively? or -- rapidly? or will it be like measles which is a stable virus and if it mutates at all, it usually harms the measles virus itself and that strain tends to die out. at this point, it is looking like covid is going to be more like influenza. whether it is going to need an annual shot is unclear.

it does seem that some of the initial variants are still responding to the vaccines we have. most likely, this will be with us for a while and we are going to be needing covid shots. i'm not a doctor but that would be my guess. we know the companies are working on combination injections already at this point. so you might get a flu-covid combination shot that will happen every year. the mrna vaccines would obviously be able to adjust every year, and they are targeting the specifics circulating variance, and get higher effectiveness level. hopefully we will get these vaccines for influenza, we will have an influent -- a really effective influenza shot. i think it's something we will be getting. hopefully you will get it at the same time with the same dose as you are influenza shot and we will get them every year, and we will be in a better position than we are currently. emily: michelle, always appreciate your very informed reporting. michelle cortez, thinking.

-- thank you. from vaccines to nft. we are switching gears to the top market trends happening. laura cooper breaking it down. laura: this is market bytes. where we give you three things to think about when it comes to markets. this week, it is all about nft, hot housing markets, and the u.s. dollar. -fungible tokens, these are blockchain based records of information tied to a particular digital asset, ranging from video clips of sporting events, to a tweet, to an online image. anything that someone can find value in can be digitized as an f -- as an nft and sold on cryptocurrency markets. a photo montage sold for nearly $70 million in a recent auction. most ever paid for digital art. there are skeptics. when anything can be digitized,

the trend is gaining popularity. hot housing markets. extraordinary government stimulus has put residential property into an investment sweet spot. with home prices shooting highe. while the hot streak in housing, residential real estate has performed better than equities across major economies over the past five decades. while returns were comparable, averaging about 7% per year, housing wins on a risk-adjusted basis. and the assets built in inflation hedge suggest housing activity has further room to run. the u.s. dollar. rising bond yields and upbeat u.s. growth prospects, boosted by trillions of dollars in government spending, are challenging that 2021 consensus trade for dollar weakness. yet a ballooning current account deficit as the government funds

trillions in stimulus, alongside widening trade deficits, suggests the dollar can come under pressure. unleashing spending to boost growth does come with a cost. and a big dollar sign in front of it. that is it for this week's edition of market bytes. i'm laura cooper. for more market insights, tune into quicktake and bloomberg. emily: laura cooper there. tim cook does not expect to be running apple 10 years from now. cook became ceo almost a decade ago after the death of co-founder and former ceo steve jobs. he said a departure date is not insight but he probably will not be there another 10 years. cook has been with apple since 1990. coming up, how travel could be changing and why you might soon see vaccination passports. we are speaking to the ceo of star lines, jeffrey go, about

the state of the travel industry in our work shifting conversation next. this is bloomberg. ♪

emily: breaking news, president biden, bloomberg reporting, likely to name sarah bianchi as his deputy trade chief. senior managing director at evercore isi international at the moment. she also worked at black rock and airbnb and is on the advisory board of the binding that -- biting institute -- biden institute. he is expected to appoint her as deputy u.s. trade representative, obviously a very important job. we will continue to watch if indeed that appointment happens. she also served in the obama

administration. a year ago, reservations for airlines, hotels, cruise ship's anchored to an all-time low and midst a global pandemic. as vaccines continue to reach more people, travel is researching. u.s. passengers hit a new pandemic error record. 1.6 million over the easter weekend. leslie domestic travel. what about post pandemic voyages, including business travel that involve crossing borders? will you need a vaccine passport? with me is ceo of star line jeffrey goh, the largest global airline alliance consisting of 26 member airlines. part of our work shifting conversation. thank you for joining us. do you think a vaccine passport or digital house passes which is a totally unproven concept by the way, do you think these will become the standard? jeffrey: thank you. good evening. thank you for having me on your show.

if you will let me have 30 seconds for background context. it is worth reiterating the industry has been through the deepest and darkest crisis it has ever experienced, and perhaps beyond the industry too. we have had the virus, we had the crisis for a year now. from the beginning of the crisis, we thought this was a temporary thing, was going to blow over. it became clear it was going to be more than temporary, and we introduced testing. when it became clear it was going to be something that we had to learn with -- learn to live with, we had vaccines. in that sense, we have come a long way in the past year, to begin to talk about a vaccine passport or a vaccine pause. i think it is understandable that there is excitement, optimism, that this could be the tool, not only to reopen international travel, but also for general economic activities. i think two comments worth

making is despite the optimism and the enthusiasm on vaccine and vaccine passports, i think we have to be making the call that we cannot simply depend on vaccine alone at the moment to reopen the industry. because if we did so, probably it would not be much of an industry left, just by taking into account, not extending the rapid rate of vaccines, but the distribution of vaccine, the rollout of vaccines, the acceptance by some people. we simply cannot depend on just vaccination to reopen. the industry testing and robust testing corp. -- protocol continues to be a significant part of that piece of the jigsaw that will reopen the industry. the second point worth making is it is not just about the vaccine passport. it also needs to be a passport or path that takes into account testing, or the status of a

person's health. but the concept of that is loaded. it is loaded with a multitude of policy considerations, and almost certainly, a multitude of policy outcomes. the ethical considerations, practical considerations that need to be in mind. emily: right. certainly there are, and probably will become a plenty of people who don't get vaccinated. people who can't get vaccinated. it is not being distributed equally. what do you think is the future of travel and business travel? i've heard both sides that everything will come back just the way it was, even business travel. i heard other ceos tell me, travel company ceos, they think travel will be forever changed and business travel may never return. jeffrey: i think for the time being, and it has been for some months now, that the expectation continues to be that leisure

travel will return first. we have seen different things over the last year or so, that leisure travel has pent up demand. i think there is a continuing belief that is most travel, and certainly we are one of those believers. but to what extent business travel will return to precrisis level? that remains a big question. we think from our members of the industry assessment, it is probably going to have a structural change, of maybe 20% less, just by the nature of having lived through the year. technology from this year, through interactions by different means. i think it is also worth pointing out that at some point, business travel is going to return to robust levels. maybe not to the 100% of precrisis. but there is a human nature that craves travel. business travel, it is not just

about the transaction itself. business meetings is also about relationships. i think one has to appreciate that at some point, business is going -- business travel is going to get up to the robust level, perhaps not to the same identical levels of precrisis. emily: what would you say, what about travel do you think would be -- will be forever changed, posted on it? for example, will we be wearing masks forever when we are in those confined situations? jeffrey: i think there are certain aspects of the travel experience that will change. i think from a customer expectation perspective, i think there will be more expectation on flexibility in travel. so circumstances change because of the new restriction or that new restriction. flex the ability to change the

travel itinerary. that will be one of the expectations of business travelers going forward. more generally, i think it is growing now, the customer expectations of a different experience, a safer experience as they travel through the airports as well as on the airlines. i think credit has to be given to the airline industry, in terms of adopting measures that address the hygiene safety. emily: well, i know so many of us can't wait to travel again. so appreciate all the efforts the airline industry has made. jeffrey goh, we will continue to follow this vaccine passport issue and see how that plays out. coming up hbo max and the box office roaring after the blockbuster day of godzilla versus kong.

we will talk about warner media's hybrid relief -- release strategy and what it means for the future of moviegoing. that is next. this is bloomberg. ♪

emily: hbo max had the biggest increase in video streaming last week, as the monster movie platform seeing a 5.4% jump in users, launching its mobile app. according to bloomberg's analysis of data. joining us for more, lucas shaw p the most surprising thing is people went to theaters to see it even though it was also available at home. what do you make of the success of this hybrid strategy for this one movie in particular? lucas: it is the first movie where we have seen people go in droves to the box office. i think it is a boat of confidence for theaters, for

studios, who feel that when theaters are back at full strength, or at least fully opened, that people will want to go. but it also is a boat of confidence in this strategy that at&t had with hbo max of using the warner brothers movies to drive subscribers. it has worked out pretty well. emily:emily: does this mean every movie has to be like godzilla versus kong if it is going to get people to the theater? lucas: i think the type of movies easy and theaters will be those huge spectacles like godzilla versus kong. i don't think you could release some intimate adult drama and expect millions of people to go to the theater now. the big movies, people will want to see them on the big screen. the fact is that we will not have movies available starting next year. this is more of a pandemic experiment at the moment to see what works. emily: at the same time, this seems to be the exception. i wonder if even so, we are

going to see more companies do this hybrid model. whether it is netflix or disney plus, the ceo of disney told me a couple weeks ago that their next movie coming out in may, they will decide at the last minute whether to release it at home as well. lucas: i think for the duration of the pandemic, you are going to see a lot of experimentation with similar models, and you will see a lot of studios and media companies pouring over the results of godzilla versus kong, figure out what they can learn from it. longer-term, there is no question those windows between theatrical and streaming are closing. what we don't know is if they will settle on 30 days, 45 days. it will be shorter than 90. emily: right. all right. fascinating stuff. makes a kind of want to go to the movies for the first time in a while. lucas shaw, thank you for the update. thank you for watching this edition of "bloomberg technology." big reminder, we have a big special show coming up later

this week. chip crunch. we will be looking in depth at the global semiconductor shortage from all sides featuring interviews with industry executives and more. that is wednesday right here on bloomberg --"bloomberg technology." this is bloomberg. ♪

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♪ >> good morning and welcome to "bloomberg daybreak: australia." >> good evening. haidi: your top stories, u.s. stocks rallied for record after solid economic data and signaling the recovery is gaining momentum. investors also i a rate dec