george floyd. u.s. attorney journal merrick garland told reporters today the probe will look into whether the minneapolis police department " engages in a pattern or practice of using excessive force." the move comes a day after a white former minneapolis police officer was found guilty of killing george floyd, any unarmed black man in 2020. president biden is bringing together leaders in a two day virtual summit meant to invigorate the global fight against climate. the president wants to show the u.s. is committed to making deep greenhouse gas emissions cuts needed to eve or -- avert the most catastrophic effects of climate change. the event begins this thursday, earth day. china is making incremental progress in meeting the targets set under the trade deal with united states. it's surgeon exports as the world's largest economy shows

the trade imbalance between the two nations is worsening. data shows china's imports from the u.s. remain well behind schedule. a rebel soccer league in europe has fallen apart days after its launch. the chairman of italy's club says the project will no longer go ahead. the collapse was inevitable after all six english teams involved pulled out of the so-called super league. the idea was blasted by fans, politicians, and soccer authorities. global news, 24 hours a day, on air and on "bloomberg quicktake," powered by over 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg -- i am mark crumpton. this is bloomberg. ♪ >> it is 1:00 p.m. in new york,

7:00 p.m. in berlin, one a clock a.m. in hong kong. i am matt miller and welcome to "bloomberg markets." here are the top stories from around the world. double verified public debut. we will speak to the media tracking company ceo as it goes public on the new york stock exchange. plus artists cash in on music. we will discuss the recent surge in rockstar selling their music rights with the chief executive officer of brown hill music, a fund that owns the right to songs by artists including the beatles. later this hour, we speak to famed economist and bear, gary shilling. we get his outlook on the economy and see what he thinks about the big jump. . in growth expected by many first, a check -- jump in growth a specter by many. first, a check in the market. we have a drop in the s&p -- i'm sorry, a rise in the s&p and a

drop in tenure bonds. the s&p is trading up 22 points, 41 point 57. the tenure yield at 156 -- 41 57. the tenure yield is at 156. holding at a really cold place. gold up to really the december lows, and we are looking at bitcoin trading down almost 2% to 55,738. time for your stock of the hour. netflix benefited as the pandemic spent -- sent everyone behind closed doors. some cyber growth -- subscriber growth shows people are headed out again and there's not much to watch. ritika gupta is stepping out for a look. >> a pandemic boom being reversed for netflix, having its worst quarter in eight years, and a hit on subscriber numbers. coming in at 4 million was well-off what was estimating and

millions off of what netflix was predicting itself. what is more unexpected, current quarters to be challenging. expect one million subscribers to be added. you compare that to a year ago, the first quarter of 2020 when they added the record 60 million . netflix had warned about this. the idea a reopening will dampen their growth. it is not surprising. they call it the covid-19 move forward effect. it is surprising how surprised sectors are. netflix shares turning negative year-to-date, and they were already trailing in some of the mega caps as well, and even as financials have proved a strong. 24% revenue growth year-over-year, profit more than doubling from a year ago and expect that cash flow to be positive 2022. i go back to the question of how surprised can you really be by

all of this? matt: absolutely. especially when the only thing to watch was bridger 10. the network subscriber indicator -- subscriber change, does that indicate -- are they looking at other stocks? ritika: i start by saying bridger 10 is still on my list of ones to watch. that is the question. we go back and forth on this rotation and how long it lasts. a lot of it depends on how covid goes. what is interesting is the effect that has on the other stay at home products. peloton went down sharply along with netflix itself. matt: thanks very much. ritika gupta there with your stock of the hour. shares of the digital media engagement tracker double verified are surging after making its public debut in the

new york stock exchange. let's bring in the ceo for more. market, talk to me first about your experience on the listing. we have had a couple rocky starts recently, and then we had a wild trade in coinbase, and it came off after that. what do you look for, and what do you -- what have you appreciated. >> we are super excited to make our w and the public marketplace, and when we look at what is happened -- what has happened with the launch we have had here today, it comes down to the fundamentals of great companies are going to do well in the public markets. we are a company that is really playing in the rule of 60. we had 34% revenue growth last year and dropping 30%. we are in the midst of very significant changes in the way people feel with digital media.

advertisers expectations and performance across digital media as well, and we are analyzing that. we think we are in a great spot. we love the way we came out today. we have significant -- i think we are poised for significant growth moving forward. we are happy with the debut. matt:matt: the pandemic clearly affected consumer behavior. you saw from netflix, some of it stuck in some of it didn't. how is double verify dealing with the reopening trade? mark: the pandemic obviously was something we weathered incredibly well last year. we are utility for our advertisers, and when times are tough, that dollar gets squeezed. evaluating what happens with those advertisers becomes doubly important, because every dollar is under so much pressure. as the economy opens, a lot of this happens around digital engagement, what i'm watching, where i'm watching, how i'm

watching, what i'm engaging. those habits are not going to change. what we are analyzing, we are analyzing across all digital platforms. if you are in the subway and you are looking at a digital home at or picking a podcast, the view where we look at it, we are looking at everything. we want to analyze across all platforms, want to measure in every place where digital is sold -- digital ads is sold. it's a change but we look at our purview and it is not just what people are doing at home, it is digital engagement on every device. matt: explain the, just reviewers that are not familiar with double verified, the tack and your unique selling point, mark. mark: we are a software platform that enables advertisers to really deal with two of the biggest challengers, which is first, the increasing preponderance of fraud. there is a lot of challenging

characters out there who are looking to steal dollars away from advertisers in the digital space, but we are also looking at levels of engagement. not only how an ad is viewed on the page but where it ends up. what we call brand alignment. the latter one is becoming increasingly important to advertisers who are really focused on not just what their ad says but what the -- where the ad shows up and -- ensuring that aligns with who they are. our technology analyzes the what, where, and how of the digital add transaction to make sure there is no fraud and the ad is viewable by a real human being, not a bot, and it ends up in a place that is brand safe for them. matt: and as you say, the lateral business of ensuring where they wanted to be and not where they don't wanted to be is increasingly important. your investor base is fairly

notable. in part because tiger bought an big on the ipo providence case a sizable share. what you think retail investors should take away from that? mark: we've got an incredible increment or from people like tiger, blackrock, fidelity, others that have come in on the ipo. they have done a lot of work and they spent time with us. they understand the business proposition and they know we are dealing with long-term, secular trends. these trends around ad fraud and brand suitability are not going away. they are making bets on us, and we have the momentum and the path. we think we have a really great future. from the retail perspective, there has been work done on it. we've got really smart people behind this. matt: market, thanks for your time.

appreciate it. doubleverify ceo on their first day of trading down on the new york stock exchange. coming up, artists are cashing in on their old songs. this has been a trend you may have noticed. we will discuss the surge in by music assets, buying them, selling them,. i think stevie nicks and a bunch of others have done it. we will speak with the ceo of brownsville music next. this is bloomberg. ♪ . ♪

matt: this is "bloomberg markets." i matt miller. stakeholders in private equity

firms are looking to cash out without diluting equity musical names of all ages are turning to investors to offload their catalogs for hefty songs. -- hefty sums. one buyer is josh russ, ceo and founder of roundhill music. he joins us now to discuss why music rights are an ideal uncorrelated asset for investors. great to have you on the program. josh: thanks for having me. matt: you have so many of the names that i have not only grow up -- grown up listening to but us and to a lot still now. i was fortunate to go on the last black sabbath tour. why is this asset being so highly valued at a time when everything seems to be free on the internet? josh: the copyrights are very valuable because they earn money from everything from radio, television, broadcast,

performances, streaming, on and on. especially from streaming, there is a tailwind of growth happening there. it is free on youtube and things like that, but there are ads on youtube that funnel through down to the artists as well. 10 years ago, you are right, it was much more of a piracy issue. where we stand today is a much more certain outlook. matt: you have amassed, in the last 10 years, a catalog that includes the beatles, the rolling stones, ella fitzgerald, elvis pressley, louis armstrong, celine dion, these are massive names. how can investors get exposure to these kinds of assets? josh: sure. so roundhill music is a private equity firm but we also have a publicly traded listing in london that has all of the assets from our first fund, we are 120,000 copyrights everything from the beatles to bruno mars. that would be one way.

warner music is traded in the u.s.. there aren't too many ways for one to sort of publicly acquire exposure to this area. but there is more coming down the pipe. matt: how do you do deals with the artists? do you get in touch directly? and -- directly and negotiate these things? do you, just being in the industry, no who is looking to sell -- know who is looking to sell. josh: we have over 50 people, most of which have worked in the business for a long time and have a lot of connectivity to the songwriters and artists. so 90% of our deals are directly with the songwriter or artist. we had done over 120 catalog acquisitions in the last 10 years, and recently, in the name -- to name a few, brian adams,

the google dolls, black sabbath -- googoo dools, black sabbath, but it is almost always from the artist or songwriter. matt: loose traveler as well. fantastic catalog. how do you analyze the value of something like that? i think loose traveler was kind of a nice thing in the northwest, and then they had big hits on a couple albums, but i think it is a catalog that will endure time because of the quality of the music, the number of your holdings like that, but what kind of analysis goes into it? josh: when i met those guys, it was nice to tell them i saw them in my high school cafeteria freshman year. [laughter] but no, they are great. they did have a couple big hits in the 90's, like run around and hook, which sort of premier

radio staples on 1990's sort of pop rock station. that catalog, even though it is 30 years old, still produces large numbers. we ask he work with them, are working with them on the new record of theirs as well. so we not only by their catalog, but we also do things like put out new records. matt: i have to say, i saw them for the first time when i was 16 years old. we drove up to kenyon college to see them after they were dropping nyc album, whatever that one was called. and we actually hung out with them backstage. they were cool guys. josh: absolutely. and john popper is by far the best harmonica player in the world. he is unbelievable. matt: and i have to say, he's an

amazing vocalist as well. absolutely kills me when i see him play out since i have gotten older. why does the -- why do these artists want to sell now? is this a good time to get out? we see these big headlines with dylan, stevie nicks. is this just a popular move for them to make? josh: there are couple different reasons. i would say one of the big ones is estate planning. the fleetwood mac guys, it's a good example. they are at the age where they have to think about how much longer they have, you know, and they have to make the smart moves, planning wise. another reason would be publishing gets a great tax treatment through capital gains. that, with the new administration, my change. a couple reasons like that are reasons why you see 70 major artists selling now. matt: thanks so much for joining

us. josh gruss of round tell music, a private equity fund that owns music catalog. in new can trade the stock. the ticker is rhm and trades in london. still ahead, we hear from the ceo, george walker, about the future of new york city, and the state of remote working and higher taxes. they want their employers -- employees coming back by september. this is bloomberg. ♪ ♪

matt: this is bloomberg markets and i matt miller. now, to something that caught my eye, one of the most read stories on the terminal. hsbc holdings contractor made a now viral linkedin post about

having a heart attack this month . he manages more than 20 employees working on regulatory data projects and blames himself. he hopes to inspire flexible work culture. the reason his post went so viral, and what he was talking about, is that it was working -- he was working nonstop, 12 hour plus days working on saturday and sunday, constantly thinking about the next conference call, the next presentation, then had a heart attack when he was only 45. when he did realize he was having a heart attack, the first thing he thought about was what he was going to say to his boss. later, he thought about what he would say to his wife and children. it is important to pay attention to your health. new york's wealthiest residents are facing tax increases as part of a budget deal struck earlier this month by governor cuomo and state lawmakers. earlier, we asked the ceo george walker about how this will

impact the future of the city as high earners look to live elsewhere. >> i think new york will have a great next intermediary period as people start to come back in. i'm sure you feel it too. just the energy on the streets is increasing. it is changing every day, the energy of the office is starting to change as more and more of us come back. i think it is a real issue. i think the problem we have, so many people are asking, i think, the wrong question, which is they are looking at our companies moving, but for a form -- firm like ours, it is not the company that will move but it is high earners. in your your -- in new york city, a small percentage of the folks pay large percentage of the taxes. folks in government have derived a lot of comfort from historical studies, which seem to indicate

people do not move within the united states as a result of tax increases. i don't think those studies, frankly, are asking the important question. we have many people who have been in florida for a year. they live there now. so what we need to do or what new york city needs to do is to attract them back. so yes, we and every company like us is having conversations with employees who are saying work from home has been great, i love being in florida, the weather is terrific. remind me again why i have to move back to a high-tax jurisdiction. a question they would have never aske historically except for the crisis. i do not think that we will see the tax this year -- see the tax this year. i think it will hit us next year and the following years.

i think the impact could be significant. it is not only just a tax increase, it is the rhetoric around the tax increase that is coming out of state assemblies that is scaring people. matt: that was neuberger berman ceo george walker, and does he look a little bit like his relative, george herbert walker bush? i think there's a little resemblance there. speaking of presidents, we are awaiting president biden, set to speak about the vaccine effort and the milestone that has been reached. we will bring of those comments live when he speaks. this is bloomberg. ♪ peaks. this is bloomberg. ♪

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>> i am mark with bloomberg's first word news. the united states is set to cross a major vexing milestone

this week. president biden will announce the country has met his goal of administering more than 200 million vaccine doses in his first 100 days in office. more than half of all american adults are now partially vaccinated. the president is also expected to outline his plans to ramp up the vaccination rollout even further. u.k. and u.s. government officials are in talks about a potential travel corridor between the countries given their mutually high rate of vaccinations. u.k. is under the huge pressure from the airline industry to open flights again after a year of restrictions that have brought the sector to its knees. passenger numbers between the u.k. and u.s. are down 99% this month compared with two years ago. german lawmakers have approved angela merkel's controversial lockdown law. officials are struggling to contain a fresh wave of covid

infections that is putting intense pressure on hospitals. the law against federal officials -- the law will impose tighter restrictions in hotspots, including curfews and closing stores and schools. vladimir putin is warning rival nations not to cross his country's redline or face a tough reaction in his annual speech in moscow. he did not single out any rivals for criticism, saying russia would decide where it's redline lies on a case-by-case basis. he also touted russia's nuclear weapons and offered for talks with other world powers to increase strategic stability. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg.

>> this is bloomberg markets. i am matt miller. a quick look at what is going on in the markets. the s&p still rising. up two thirds of 1%. the 10 year yield right now is up. investors are selling. not a lot of movement. gold is moving. gaining .75 percent, almost $14 more per ounce. bitcoin getting sold off. it down to percent to $55,714. as i told you earlier, we are awaiting remarks from president biden on the pace of covid vaccinations, help for businesses to do more for the

inoculation effort. joining us with a preview is jodi schneider, bloomberg's global business senior editor, covering the story from the big apple. does this mean we have reached a turning point in terms of white house strategy? does the administration want to approach this now from a new angle? jodi: there is a shift in the public focus of the administration from increasing supply of vaccine and making them available, expanding eligibility, to find ways -- to finding ways to persuade people to get shots. there's many people now who can sign up easily, which was not the case a month ago, but there are many who are also yet to get those shots and are showing reluctance to do so, so the administration will start pushing companies and businesses to try to help them in this effort. they will use a tax credit to

provide paid time off to workers, to get vaccinated. the president is expected to talk about that in his remarks shortly. and also for businesses to do more in that effort. matt: so they have reached their goal, 200 million shots given in the first 100 days in office. the u.s. did a great job. it has to be said the previous administration did a fantastic job in getting those vaccinations and already has the campaign giving out 900,000 shots a day when joe biden came to office, but you point out that there are still problems with this campaign. for example, people are hesitant and it has not helped that the johnson & johnson shot was related to some very rare blood clots. how will they approach that? what other problems does biden now face? jodi: you mentioned the key one,

hesitancy. the pause in the j&j vaccine rollout, which took place earlier this month after reports of those six cases, with one death among millions of shots that have been out there. that has led to people asking questions about safety. that would be typical. that vexing hesitancy is a big issue for them. -- that vaccine hesitancy is a big issue for them. also, production issues. production at a plant in baltimore has been delayed, which has slowed production of the j&j vaccine. there have been other problems at that facility. the administration has abandoned the initial pledge of having enough shots for every adult by may, setting a lower bar. there will be one for everyone who wants one, but they want more people to want one, and that will be the challenge as

variants spread. it continues to be a race between vaccination and the variants. matt: i am sure you recall the wall street journal op-ed back in february. it was fairly controversial. by a professor at johns hopkins university saying we would have heard immunity in the u.s. by april. now come here we are and i do not think it is quite area -- now, here we are and i do not think it is quite there yet, certainly not nationwide. where'd -- when do you think we will get to heard immunity? jodi: we have a piece coming out saying that heard immunity will be somewhat illusory in the u.s. given that it is complicated to vaccinate so many people and that there are these variants and mutations, so even once you vaccinate, there are still risks. the goal will be more -- you not hear the administration talking much about heard immunity either

anymore. the goal be to try to stay ahead of those variants. it will be a bumpier situation. it will not be turning the lights back on unnecessarily. it will be moving through this and showing improvement over time. matt: is there -- there is so much talk here about vaccine passports, and i guess that's just not the kind of thing that will fly in the u.s., is it? jodi: it is in some places. new york state has one called excelsior or. people are using that. there has been pushed back overall from a privacy standpoint as well as some conservatives don't like them. the administration says they are not getting behind a passport. they will leave it to the private sector and businesses, but there will be some demand for people to be able to prove they've been vaccinated, especially when it comes to things like travel. matt: absolutely. we already see that here. i went to a motorcycle shop the other day and they asked me for

my negative test. i was thinking at the time, back in good old libertarian the united states, this probably would be difficult to do. thank you for joining us, jodi schneider. she covers the vaccine stories from us -- stories for us from new york. coming up, famed economist and bigbear gary shilling joins us to give his take on inflation and the pace of the recovery. this is bloomberg. ♪

matt: this is bloomberg markets. i am matt miller. inflation concerns remain for most investors as the global economy recovers.

recent data shows that u.s. consumer inflation expectations surged in april to the highest level in nine years. gary shilling has been cleat -- has been keeping a close eye on the inflation situation as well as the coming economic room. -- economic boom. gary, you say it will be a mirage. why? gary: what we're seeing so far is that all this stimulus money that's being pumped out is largely being saved. if you look at march a year ago, and this is federal reserve data, people spent 20 -- 27% of what they got and saved the rest, used it to pay down debt. in december, it was 26%, and in march, 25%. people are rebuilding assets, paying down debt. people realize that they have very little cushion going into this.

federal reserve data shows that the average millennial, 16%, do not have $400 for emergencies, so i think that pandemic was a wake-up call. i think you will see people largely saved this money, pay down debt, and a lot of it is going into the equity market and speculation. matt: you don't think there will be a spending glut? after people are allowed to go back out to the stores and shops, allowed to buy plane tickets, to travel and party, you don't think they will blow that load? gary: i don't think so. they haven't so far. of course, what they did spend was on goods. people were on amazon. you know, on facebook and so on and so forth. now it is going to be more services, but, you know, you can only eat out so many times a week or hold so many seats on an airplane. i do not see -- i do not think

you will see that for a while. others is lingering concern about the virus in this country. about half of the adults have been vaccinated and a big chunk of the rest do not want to be. i think that is ridiculous but they don't. people are fearful of it one way or the other. data shows that the economy nationwide has largely reopened already. matt: gary, i wonder about investing. you know, i just had a baby. my wife has told me i am not allowed to buy anymore motorcycles, so with my disposable income, i am going to be building nest egg -- building a nest egg for little edna. but bonds are overvalued. and there is not a lot of supply out there either. where should i put my money? gary: cash. in the portfolios we manage, we

have the highest cash positions we have ever had. we do have some modest positions on bonds, short the dollar, short commodities, but we are largely in cash because it really is ridiculous, extreme. you look at the, well, warren buffett's favorite measure, stock market capitalization as a ratio to gdp, it is way above where it was at the height of the.com boom. -- dotcom boom. matt: i have to cut you off because the president is walking out. president biden delivering remarks on the covid response. let's listen in. pres. biden: i sent a second goal, to deliver 200 million shots in my first 100 days of office. the goal, unmatched in the world or in prior mass vaccination

efforts in american history. when tomorrow's vaccine numbers come out, it will show that, today, we did it. today, we hit 200 million shots at the 92nd day office. 200 million shots in 100 days, under 100 days, actually. it is an incredible achievement for the nation and here's the context. you know, at the pace we are moving -- we were moving when i took office, it would have taken almost seven months to reach 200 million shots. instead of marking this milestone in april, we would not have seen until early september at the earliest. some experts say that our rapid vaccination effort has already saved tens of thousands of american lives. we will never know exactly, but we know it saved lives that would have otherwise been lost. i am proud of the work my

administration has done to get americans vaccinated, but more than that, i am proud of the american people, the volunteers who showed up to staff vaccination sites in their neighborhoods, drove senior citizens together shots, fema, the military, the national guard, state and local health departments, providers running sites safely and efficiently, retired health-care workers coming back to give lifesaving shots to people in their communities. this is an american effort. a powerful demonstration of unity and resolve, of what unity will do for us, and a reminder of what we can accomplish when we pulled together as one people to a common goal. now that we have reached this milestone, we are entering a new phase of our vaccination effort. as of monday, with my direction, and with the support of 50 governors, democrats and republicans alike, everyone over

the age of 16 will be eligible to get vaccinated. the first three months of our vaccination program focused on targeting vaccines to specific high-risk groups. now, our objective is to reach everyone, everyone over the age of 60 in america. wherever you live, whatever your circumstances, if you are 16 or older, you are now eligible for a free covid vaccine shot. and we have the vaccine to deliver. we enter this next phase. it is important for us to look at where we stand. after three months of targeting vaccinations largely to health care workers, front-line workers and people with high-risk conditions, nursing homes, nursing home residents and seniors, the progress we have made has been stunning. let me point out a few achievements. first, as of this past sunday, more than 50% of adult americans

have had at least one vaccine shot. we still have a long way to go, but that's an important marker of progress. when it comes to our targeted groups, the largest groups we focused on in these past 92 days have been seniors. americans aged 65 and older. they count for 80% of all the covid deaths before we started vaccinating. when i took office, 8% of the people over 65 had received their first shot. i am pleased to announce that, by tomorrow, that total will exceed 80% of people over the age of 65. 80% of american seniors of all races, religions, political views will have had at least one shot. it will be another month or so before we see the full benefits of this effort as many seniors still need the second shot plus the two weeks to gain that protection after the second shot. but already we have seen a

dramatic decline in deaths among people over the age of 65, an 80% reduction in deaths. still, far too many lives lost, but also a lot of lives saved. in the weeks ahead, as more seniors reach full vaccination, that number of lives lost will continue to decrease. you know, we made great progress with another group as well, educators, school staff, bus drivers, and childcare workers. back in february, when many of our schools were fully or partially closed, the centers for disease control and prevention, the cdc, issued guidelines to help over -- help reopen schools safely. then congress passed the american rescue plan to safely fund the reopening of schools. many educators were

understandably anxious about going back to a classroom without being vaccinated and many parents were nervous about sending their kids back as well. from march 2, i launched a program directing all states to make educators, school staff, school bus drivers, childcare workers, eligible for vaccination in every state so that the schools and childcare centers could open with peace of mind. in a month, 80% had received at least one shot, and schools and childcare centers all over the country are reopened. we still have some work to do with our targeted groups. we have made remarkable progress. and as we continue, the time is now to open up a new phase of this historic vaccination effort. to put it simply, if you are waiting for your turn, wait no longer. now is the time for everyone over 16 years of age to get

vaccinated. unlike the target groups, where we made such great progress, a broad swath of american adults still remain largely unvaccinated. in a number of states, they were not eligible for the vaccination until this week. too many young americans may still think they don't need to get vaccinated. let me explain why we need everyone over 16 years of age american to get vaccinated and share what we will do to encourage it. the first reason, quite simply, is to keep you from getting very sick or dying. hundreds of americans are still dying from covid every day. the data could not be clearer at this point. if you are fully vaccinated, two weeks behind your last shot, you are nearly 100% protected against deaths from covid. no matter your age, no matter

what your health is. until you are fully vaccinated, you are still vulnerable. the vaccine can save your life. the second reason to get vaccinated is to protect your community, family friends -- family, friends and neighbors. vaccines can save your life but also your grandmother's, your co-worker's, a grocery store worker or delivery person helping you and your neighbors get through the crisis. that is why you should get vaccinated. let me talk about how we are making it easier for you to be able to get vaccinated. first, there are some steps i announced previously that are hitting the ground this week. 90% of american people now live within five miles of a place where they can get a shot. under our federal vaccination program, shots will be available at nearly 40,000 pharmacies

coast-to-coast, and if you can go into a busy shop to buy shampoo or toothpaste, you can stop and get vaccinated. the vaccine is for you it is convenient. -- the vaccine is free. it is convenient and increasingly available. i know that isn't enough. as we move into the vaccination campaign, one concern i have heard from americans is that they cannot afford to take the time off to get vaccinated or lose a day's work because they are feeling under the weather after the shot, so today, i am announcing a program to address the issue nationwide. i am calling on every employer, large and small, in every state, to give employees the time off they need with pay to get vaccinated. anytime they need with pay to recover if they are feeling under the weather after the shot.

no working american should lose a single dollar further -- single dollar for their paycheck because they chose to get vaccinated. we are already seeing employers stepping up to meet this historic moment. the grocery store croakers offering employees $100 to get vaccinated. -- the grocery store kroger offering employees $100 to get vaccinated, increasing vaccinations among their associates. patty young owns a hair salon in springfield, ohio. she is also dedicated to getting customers and employees vaccinated. when they leave the saloon -- the salon -- they may be going to the saloon, i don't know -- but when they leave the salon, the receptionist helps sign you and your family up to get a covid vaccine. they have scheduled more than 200 shot so far. businesses and employers like

patty should be supported for doing the right thing, so to make sure this policy comes at no cost to small or medium-sized businesses, fewer than 500 employees, the irs is posting instructions for how employers can get reimbursed for the cost of providing paid leave for employees to get vaccinated and recover from the side effects if they have any. that reimbursement, which come through a tax payment, is thanks to a program i launched in the american rescue plan. so again, every employee can get paid leave to get a shot and businesses should know that they can provide it without a hit to their bottom line. there's no excuse for not getting it done. in the weeks ahead, i will have more to say about other new developments in our vaccine program. i will also continue moving aggressively to build our

progress -- build on our progress and race to the finish line, but let me close with this. back in march 11, i outlined a vision of what america could look like by the fourth of july. and, in america, that was much closer to normal life than we left behind more than a year ago. we remain on track for that. in a week since, more than 120 million shots were given since i announced. more kids are back in school. after a long and painful year, more green parents are able to hook their grandkids again. it is great progress. but if we let up now and stop being vigilant, this virus will erase the progress we have already achieved, the sacrifices we have made, the lives put on hold, the loved ones who have been taken from us. time we are never going to get

back. to celebrate our independence from this virus on july 4 with family and friends in small groups, we still have more to do in the months of may and june. we all need to mask up until the number of cases goes down, until everyone has a chance to get their shot. americans 16 years and older, it is your turn now. get your vaccine before the end of may. we can do this and we will do this as long as we do not let up. so thank you all very much. as i said a long time ago, we will beat this as long as we do it together. i want to again thank my covid team, the vice president, the people behind me for putting this together. may god protect our troops and may god plus you all. thank you. thank you.

>> [indiscernible] >> not yet, but you asked about what about abroad, helping abroad? we are in the process of that. we have done a little already. we are looking at what is going to be done with some of the vaccines that we are not using. we are going to make sure they are safe. and we hope to be of some help and value to countries around the world, help to our neighbors. as a matter of fact, a fellow who is working very hard to take care of his country and deal with this, i was on the phone with him for about half an hour today, the prime minister of canada. we helped a little bit there. we will try to help some more. there's other countries as well that we can help, central

america. it is in process. we don't have enough to be confident to send it abroad now, but i expect we will be able to do that. thank you. romaine: we were just listening to president joe biden giving an update on the vaccine progress, a goal to get 200 million vaccinated by july 4. he says he expect people to continue to mask up. romaine bostick alongside caroline hyde in london and taylor riggs in new york. we heard this message from the president before, reiterating the general idea that the rollout is paramount. >> we have been hearing that, especially yesterday and monday when that reopening trade was in question.