leaders and citizens to block down the nation. the countries battling with the worst coronavirus outbreak as deaths surge, and the side of a backlash as to how he is handling the crisis. his party lost an election in wesbanco that's in west bengal -- in west bengal. a global order as he prepares for meetings with the u.k. and ukraine. it is -- show support for official allies against russian aggression. tony blinken told cnn that the world faces a challenge to the order. it is considered one of the most serious threats to apple and bc today in federal court in california, a trial is underway over the company's app store, the maker of fortnite, epic games, saying that apple has turned the app a p store -- app store into a monopoly.

and cementing its status as the only commercial maker of carrying people into space. elon musk's vehicle splashdown safely in the gulf of mexico. that concluded the first ever commercial crew mission to the international space station. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i'm karina mitchell. this is bloomberg. [bell rings] >> it is 1:00 in new york, 7:00 p.m. in berlin, 1:00 a.m. in hong kong. i'm matt miller. here are the top stories we are following for you from around the world. apple and for not creator --

fortnite creator head-to-head over there slices of the app store pie. we will have the lives on that ongoing case. and and a fellow superstar richard sherman on why he is going big on gaming as he enjoins -- as he joins enthusiasts. plus, digital currency ether reaches the 3000 coin milestone. bitcoin dominance wanes and we will have all the news on the crypto's. first a check of what is going on in the plain vanilla markets. you can see the dow jones industrial average is up almost a hundred points right now. big caps are gaining within small caps. the s&p 500 up only .3%. gold is taking off today come up 1.3%. crude oil continues to rise, up 1%. to $64.23 a barrel in new york.

the big story we are watching right now is epic trial. epic and apple going head-to-head in court in california to resolve the dispute over the app store. mark gurman joins us from l.a. with the latest. where do we stand right now? mark: now we are one hour into the trial. epic made its opening remarks, and apple is now making its opening remarks as well. the argument is that apple is a monopoly, with too much profit on the apple store and they do not allow alternative app stores, and that apple is lying about their doing so. apple says they do it for privacy reasons, why they don't allow alternative stores, why they only allow people to use the apple pavement -- payment method, which gives apple a 30% cut. apple does say that, but epic says that is about the money,

not the privacy. and they could make changes to the ipad and the iphone to allow for an alternative secure method. apple is on the stand right now, and their lawyers are arguing that epic does not want to pay for their innovation that apple has developed. they say that the app store has very strict review guidelines, which make the platform safer than if they did not have a system there. but overall this is the case that comes down to dollars and cents. apple wants to keep making the 30% cut, which generates billions and billions a year, and epic does not want to play -- to pay the cost of hundreds of billions of year -- a year to be in the app store. matt: also a 30% court -- a 30% cut from their store that they built on their ios. how big of a market share do market -- market share does apple have? is it enough to create an applicant term?

mark: at the very least it is for sure a duopoly. it only -- there really is apple and google with no alternative. the issue at hand here -- on their devices, on their devices, the apple -- the app store is the only way to do it. epic's argument is that the iphone had become big enough that they need -- they believe the app store should not be the only one to use. if you go to a city, trader joe's is not the only supermarket. you have walgreens, whole foods. right now epic is saying -- go ahead. matt: you can go to another supermarket -- to me it strikes me as if i wanted to sell something at walmart and then tell them how much they were allowed to charge me for that privilege. there are other stores out there, and i guess if there are only two platforms -- but apple

does not have the lions share even of the mobile device market, does it? so i wonder how difficult this is going to be for fortnite to win, mark? mark: i think it is going to be incredibly difficult. they can call apple every name they want, make any argument they want, but at the end of the day there is a legally binding contract in place, so i'm not really sure how epic things they are going to pull this off unless they have means to prove the contract is illegal. this is a legal situation, and as we know, it always comes down to the contract. the contract to pay apple fees is there. if they want to prove that apple is a monopolist and they make changes to the platform, that's one thing. from a legal standpoint in terms of win or loss, not really sure how epic pulls this off. but we have a few weeks to find out, right? matt: that is absolutely 100% the crux of the issue. great to have you reporting on

this. mark gurman coming to us from los angeles, where he's covering the trial. coming up, 10-year nfl quarterback richard sherman. you know him certainly. joins the board of the largest gaming media e-sports and entertainment platform in north america. e-sports is growing at an amazing pace. we will discuss the move with him next. this is bloomberg. ♪

matt: this is bloomberg markets. enthusiast gaming is the largest gaming e-sports and

entertainment platform in north america. it started trading on the nasdaq a few weeks ago, and e-sports has been blowing up. it has seen tremendous growth over the past year, while many traditional sports were forced to shut down due to the pandemic. 10 year nfl cornerback richard sherman was just appointed to the port of directors and joins us now to talk a little bit about this. first off, how did you get introduced to the world of e-sports? when we were kids, it would have sounded crazy that people are going to start watching this come and now the viewership is eclipsing in some cases actual live sports. richard: it is incredible. it was a dream as a kid to say i'm going to play video games for a living, and now i'm on the board of directors for the biggest gaming media platform in north america. but i think it has been

incredible to watch the journey. i think it started -- now with call of duty, you hear about all these big-time streamers and gamers and informers serve -- and influencers, and enthusiast has found a way to connect all these kids who want to watch these influencers, these youtubers, and be able to interact with them and see them compete in one place. that is what makes it incredibly special. i'm excited to be a part of this. i never thought that videogames would take it this far, that they would come this far. their kids are getting scholarships now to play video games, to be competitive. i think that is a testament to how far the industry has come. matt: you are a stanford grab and you are surrounded by this

burgeoning -- it was burgeoning now, massive tech community. what do you envision in terms of growth, and terms of the future of enthusiasts? richard: i think it is going to grow exponentially. the game space in itself is a $180 billion industry, and they expect it to surpass 300 billion by 2022. i think that in itself is huge. i think people are starting to understand the athlete and really connect with the people and the hard work of athletes and influencers. but there is also value in it. people showing their -- people having a positive impact on people, using the platform to do

so. i think that is what is really cool about it. giving people another avenue, another way to connect with and be inspired and be influenced. that is something i really have enjoyed about the space. like you said, people 18 and under, 75% of the users online are on these platforms. there are 300 million. -- 300 million plus users per month. although those numbers are going to continue to grow, i think that is what makes it special. i'm excited to be a part of it. matt: richard, the tech community and the gaming community specifically has never been known for their diversity, have never been known for their social values. do you see that changing? richard: i do see it changing.

everything has a pivot point, and i think this is the pivot point for this industry. i think you will continue to see the social impact of the world and what is happening in america and in other places in the world. i think that is all going to influence this community like it does every other community, and i think you will see more influencers speak out and try to make an impact with their platform, this being their platform, this being their way to influence and inspire people, and i do see this as a pivot point for them to make a difference and for people to start to see more diversity, more inclusion, and more impact. matt: even in areas where there has been historically diversity and inclusion, certainly on the field, they have been problems with the nfl's approach to diversity and equality.

do you think the league has properly addressed that? >> i think the league has tried to address it. i don't know about properly. i think this is a monumental problem and a monumental issue for america. i don't know if there is a right way to approach it. i think it is about making sure that the issue never gets put to the side or looked over or brushed by, and that is an impact. that is a lasting impact, to continue the fight and not to think this is just a fleeting, momentary instance where we have to say, look, we are doing the right thing now, but then a couple years ago you say remember we did that thing? the problem is consistent, every day. i think that is how you have to combat it.

matt: you know, one of the biggest issues is economic, and not just in what players get paid but also what they are taught, how they approach the money. one of the best interviews i have ever done in my career here at bluebird with us with -- ed bloomberg was with ray lewis and jim brown, educating incoming players financially. it does seem like players have recently taken ownership of their financial future, of their financial stake. is that a change that is here to stay, or does more work need to be done there? richard: i think both answers are true. it is going to continue to stay but it needs to evolve. that is a testament to more players answering more questions, getting more financially literate. i think you come into a space

and it is human nature -- you have never had things, you live paycheck-to-paycheck, barely making ends meet come and then you get this huge sum of money, and you can do all the things you dreamed of doing as a kid. it is human nature, and it is unfortunate because a lot of the kids in the national football league and the nba, the lairs that -- the leagues that players of color go to, it changes everything. i think now that they are -- it is not just the short answers. everybody's looking at long-term solutions in hearing that this money needs to last, whether it is $100,000 or $100 million. we need to find a way to accumulate wealth, to go out and take this money, take this nest egg and create more wealth and more opportunities. i think in sports people are using their names and likeness

to create more opportunities, more companies getting equity, ownership stake. you see that predominantly in the nba with steph curry and jd and dream on, silicon valley, making huge waves. you see it with lebron james. in the nfl you're starting to see it. taking equity in these companies and really changing the game. i think all those factors are influencing the younger generations to say maybe i should look at this different. maybe i should think about the money different, and i think he will continue to evolve and get better. i'm happy to hear that. matt: you're definitely setting an example, richard. richard sherman, tenured nfl cornerback. i'm not going to ask who he will sign with next. hopefully we find out soon.

also on the board of directors for enthused is gaming. still ahead, the european union is reopening its borders after months of pandemic induced restrictions. things seem to be getting better, right? but oktoberfest has been canceled, and it's only may. we will talk about the global vaccine rollout next in bloomberg. ♪

matt: this is "bloomberg markets." i'm matt miller. confirmed coronavirus cases in the u.s. rose at the slowest pace this pent -- since the pandemic began. yes, the risks of resurgence remain as countries like india continue to be overwhelmed by a new wave of infections. let's bring in and are -- amber b sousa -- amber desousa.

and our founder and majority owner michael bloomberg supports the school she is from. let me ask about the west before we get into the tragedy that continues to rage in india and ask are we getting closer to herd immunity in the u.s.? are we seeing that on the horizon in europe? >> well, we are making progress. we absolutely are continuing to see fewer death rates among older individuals. we have 83% of senior citizens in the u.s. have more than one dose. the rate of vaccination is slowing and we still have a long way to go to get to herd immunity in the u.s. the majority of americans still have not been vaccinated. matt: the majority of americans still haven't been vaccinated.

of course, that counts everybody, including kids. and we are just weeks away from more than half of all americans getting both doses. we are seeing news today like the tri-state area is going to open up to events again at the end of may. come fourth of july, are we going to be good to go? will we be ready to deal with the smaller pockets of the population that haven't been vaccinated and really get this disease under control? amber: it is not a foregone conclusion. it -- there are a few different directions things can go. i'm hopeful that we do have now the possibility of reaching herd immunity in the next few months, but we see slowing rates of uptake, suggesting we may not get there. we also will need to get younger individuals vaccinated to be able to really stop the circulation. in the u.s..

so it is possible for us to get there with the 16 plus if we get very high rates of uptake, but we are not yet seeing that. right now we are in a situation where there needs to be different recommendations for people who are vaccinated and who are not, which creates a difficult situation. people who are vaccinated can get together and have barbecues, small groups, other vaccinated individuals, making travel, so there are things beginning to open up. but again, because we have many adults who are still not vaccinated in the u.s., there is a real chance that if we don't continue our vaccination rates, we are not going to be able to reach herd immunity. matt: we no longer risk overwhelming the health care system, right? especially as we get into the summer. there are going to be many adults that never get vaccinated. but when are you going to start to feel calm about, you know,

the health of the american public? amber: you make a good point. we have had a tremendous achievement, and we could have -- and we do have good rates of vaccination and we are seeing that with decreased hospitalization and we are seeing decreased rates of transmission. so there is good news, it is just that the story is not finished yet. so in terms of what is coming and what things are going to look like, you know, for people who are vaccinated, there is an opportunity to do a lot of things and feel safer eating inside, getting together with friends. but wherever you are getting together in a larger group, in a larger setting, there will be a mix that are vaccinated individuals come and that creates the opportunity for the outgoing spread. which is the worry. we are seeing rates go down in the u.s.. our hospital system, i think the levels of risk for the hospital system being overwhelmed in the

u.s., we are past that and we have enough people vaccinated that hopefully that is something that will not occur again at all this year. we have made a lot of progress. but we are not yet back to where we can get together and really -- in really large groups inside to restore. matt: hopefully we are there by the winter. for now, just stay outside. amber desousa, professor of epidemiology at the johns hopkins bloomberg school of public health. it is supported by michael r. bloomberg, and he is the founder and majority owner of bloomberg lp. coming up, warren buffett to the global chip crunch. this is bloomberg. ♪

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karina: let's get to first word news this afternoon. the signs of greater reopening

in new york. governor cuomo says railway will resume 24 hour service. also announcing that most capacity restrictions have businesses will be lifted on may 19. the announcement comes as infections in the u.s. climbed at the slowest space since the pandemic began. new york city said the big apple will mostly reopen in july. antal car companies in the u.s. cannot get the new cars they need, so they are buying new vehicles at auction. companies including hertz and enterprise are among those hurt by the semi-productive -- semiconductor shortage. that is being passed on to renters. former president donald trump will find out if he can return to facebook. his facebook and instagram accounts were suspended when he was blamed for his connection to the deadly capitol storming in january.

officials also denied an irani and report that the u.s. has agreed to -- with the release of $7 billion in funds. world powers are trying to broker a u.s.-iranian deal to abandon the policies of former president trump. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, i'm karina mitchell. this is bloomberg. amanda: hi, i'm amanda lang. welcome to bloomberg markets. matt: i'm the matt miller. we welcome our audiences each day at this hour. here are the top stories we are following from around the world stop billionaire warren buffett has joined the long list of executives saying serious levels

of inflation are starting to take hold as the u.s. economy roars back from the covid-19 downturn. and the boat business is booming. we are going to talk with brunswick ceo david phillips about the wave of consumer demand. plus digital currency ether reaches the $3000 milestone as bitcoin's dominance wanes. we will have all the details on cryptocurrency. amanda? amanda: markets are still kind of grinding their way higher with the s&p 500 close or at a record level, but not major moves. inside those markets, clear leadership from energy and materials, health not too bad, but we are seeing weakness from the groups that make out the growth stories that got them here. that is showing up in names like amazon and tesla, facebook. they are trading lower, but we are seeing strength in energy materials offsetting that story. partly what you're seeing is the

ongoing rushing to commodities. we have seen renewed interest in gold. oil remains elevated, copper and healthier highs. some of that of course just bolstered today by what we saw in that ism data, which showed that input costs are on the rise. inflation are much part of the picture. you can think the oracle of omaha for stoking that idea. warren buffett this week and saying he considers the u.s. economy red-hot, and for some inputs it is almost a buying frenzy, and berkshire is among the companies that will raise prices. you lena davis is with us now. the inflation debate right now in the markets, will it be surprising to see some of these input costs alone be passed on to some consumers at some point? are we beginning to see it? >> absolutely.

seeing rising prices is a consequence of rising demand and limited surprised -- limited supply. that is exactly what we are seeing. going back to last week, jim lowell of the fed mentions that -- jay powell of the fed said that this really impacts inflation in the coming months. so apart from the bait -- the basics from the pandemic last year, this supply shortage is really wanting inflationary pressures at this point. but again, i think it is very important to highlight that those increases in inflation will be transitory, will be overlooked by the fed. we saw it in the manufacturing report this morning. this will be evident in the

indices in the months ahead. matt: my 30's were transitory, but they still took 10 years. we are hearing chip producers as well as big buyers on the automotive side saying this is going to take or than six to 12 months. this is going to take a couple of years to deal with that bottleneck, and we are seeing prices for other commodities just sore like they are cryptocurrencies. how long will this last? >> well, if you look at policy changes, this is still shorter then the horizon that we may see until the first increase in policy rates. i'm not expecting any interest rate changes in terms of policy rates until at least 2024. so by then i think what happens with wage pressures will be more important than the supply

shortage driven inflation that may be a sign going into the next year. amanda: the economy happens in real time, so i don't think the fed would have predicted a global chip shortage that would do what it did to the supply change. i don't think anybody would have predicted what is happening to lumber and copper prices. i know the fed is relying on it being transitory, but is a point at which the market mechanism, with the amount of speculation, but they have to speculate on the line they have drawn in the sand? >> i think that point will be when we see this translating into higher wages. so let's think about the situation. prices are rising right now and i understand that. we will see that amount of

disposable income that consumers are getting. so, you know, unless consumers see a significant pickup in their income -- and i'm not just talking about payments and things like that that are obviously posting personal income in the last several months. i'm talking about metro growth in wages. so unless that catches up to a pickup in prices, that we see in some goods that are in short supply, that is not going to have a negative impact on fundamental inflation, and that is not going to drive -- matt: thanks very much. great to have you break down these issues. we appreciate your time. give the initial yes they have a -- time now for our stock of the hour. barclays analysts are sensing recovery in oil pension and told

-- today to get long the oil services stocks. baker hughes responded with a spec day. dave wilson is -- with its best day in six months. >> when you go through the numbers we compiled here at bloomberg, you are at the point where 24 out of 27 analysts are saying buy or some version of it. barclays has been an exception for the past 3, 4 months. they have cut their ratings in january two what amounts to a hold recommendation, equal weight, from buy or overweight. today they did the opposite. now, the shares have come down over that time, when the equal weight rating was in place. they were trading in the mid 22's when barclays made their call. more urgently they have been below $19. so the analysts had a change of heart not thought that as you mentioned, the broader soil --

the broader oil services industry. back in january, did not see much room for earnings to grow more than what appeared in the shares were fairly valued. now he has raised his 12 months price share to about 12%, $28. some analysts have all the way out to $38. you can see the rebound in their business that analysts are anticipating. that is part of it as well. anderson is not just looking at baker, he is looking at the broader industry and saying the time to own is now. the way he figures it, looking out to 2023, the industry is poised out as global oil markets recover. and you see a sign that companies are willing to set their production budgets and move them up always out to 2025. so again, positive for the industry. you put it altogether, and it is not just baker hughes that benefited from this call.

four other stocks move higher as well, and there you are. halliburton, one of the biggest. cactus, an equipment maker. patterson-uti energy, service companies -- smaller once for sure. given that barclays has the industry call out there, he sees those companies as potential beneficiaries as well. amanda: dave wilson, so great to have you with us. always great ideas. coming up next, will the them continue? we will check in with the ceo of brunswick as the pandemic eases across the u.s. stay with us.

matt: i am matt miller. this is "bloomberg markets" with amanda lang. despite the gradual reopening of the u.s., more people are going out and socializing. estee lauder sales have fallen short of analyst estimates. the interesting thing is that i have not worn makeup for so long , but just as the weather starts to look nice, i like to put on the little blush, just a little bit of lipstick and mascara, and get out there to the beer garden. the problem is they are still closed here. amanda: it is funny that you of all people should make that joke because you do wear makeup every day. it is true that most men don't, and the women who do have no occasion to wear it. although the u.s. is opening up,

the market for estee lauder, including the u.k. and parts of europe, brazil, very shut down. the company is getting hit hard today on the disappointing figures around that. this is an example where they mitigate -- they make it a light ounce back, but i'm not going to get two lipsticks because i have missed it in the past year. i will only get what i need for now. matt: and you're less likely to make an impulse purchase at the airport because people are not traveling. that is one of the big dampers. meanwhile, the boating industry -- if you want to socially distance, this is a great place to do it. get a boat and go out on the water. they continue to see strong demand and sales as well as overall boat utilization. even as travel begins to resume. for a look at what propels the growth and the space, joining us is the ceo of brunswick. thanks for coming on the program. i have to admit, full

disclosure, i always wanted to boston whale. going up, that was the pinnacle of what i could achieve. then i saw the protector, the secret service uses these boats to carry around presidents and such. what are the boats that you're selling the most of right now? >> thank you for having me on the show. we are selling everything we can make right now. obviously we just had a monster quarter with revenues up 50%. but really we have 17 boat brands, and access points at different price levels. boston whaler is one of our more premium brands, but we also sell boats for $10,000. 80% of the boats that we sell cost less than $50,000, so a lot of entry points for everybody into this very strong market. amanda: you may know this about matt miller, but he is as male

as it comes when it comes to motorized things -- not just boats but motorcycles and cars, you name it -- but you're selling more to women, as i understand it. we have talked before about the pandemic surge. people cannot go anywhere, so they would look for more things to do close to home. is there an end to that? are you seeing an end point to what you are warning about? david: we are not really seeing an end to it at all. as you mentioned, more women are coming into boating, which we are delighted about. we have the freedom boat club, which is a shared access boating model, which is now 286 locations in the u.s., and if in europe are expanding -- we are expanding in europe. 35% of the members are women. women have always been equal participants in boating, but not necessarily the ones who register the boat. now more and more are. we are absolutely delighted about that level of

participation, and it really allows us to bring in a new demographic to boating. a younger demographic, a more diverse demographic. a ladd's a lot of energy overall to the industry. -- it adds a lot of energy overall to the industry. matt: are you concerned about the emerging tax changes? one of the things we have noticed is that is it -- it is at least causing investors to worry about their money. people who have done well during the pandemic have done very well. they have a lot of money. they have saved a lot. they have not been splurging, and that could give them a little bit of patenting -- of padding. nonetheless, it has to be worrisome that capital gains could be doubled in tax rates could be raised. david: i think there are a number of trends going on and we are watching what is happening in both corporate and individual taxes. we are a long way from the conclusion there. but some of the secular trends we talked about earlier -- that

covid drove but are now fairly independent -- long-term trends like flushable working, people moving to the suburbs where they have more access to boating -- i think those are very pervasive long-term trends and we will be supportive. as i mentioned earlier, and a lot of the boats we sell are almost 95% of the boats that we sell cost less than $100,000. less than 10% of our customers fall into that $400,000-plus annual earnings bracket. that may be subject to some high levels of taxes. so i think we are very robust to those kinds of considerations. obviously on the corporate side we want to make sure that we maintain competitive rates of corporate tax. but overall we are not concerned about the outcome. amanda: not a ton of time here, but there are supplying chain -- supply chain problems everywhere. are you running into troubles

yourself with the chips? >> we have been mitigating across several fronts. so far it has not slowed us down, and there is nothing in our immediate future that says it will. as you say, we do use and lot of chips now. but really nothing immediately on the horizon. we have a lot -- our industry is not a huge industry, but we are by far the biggest player. we have a global supply chain, and i think we are in a very strong position with integration, global scale, to weather these supply chain impacts, even though they require managing on a daily basis. amanda: rate to have you back with us. we will keep tabs on it. dave fulks is the -- david fulks is the ceo of brunswick. coming up, we will take a closer look as if every him hits new heights. -- as ethereum hits new heights.

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amanda: this is "bloomberg markets." we are keeping our eye on ethereum as it hits new heights. pretty thing ever higher. is it challenging the bitcoin dominance in a way that is just the beginning? mike mcglone is with us now. let's start with what you think is driving ether to these heights? >> tokenization, digitalization. ether -- i don't think it is challenging with corn, it is a compliment. everybody in the world knows they don't want to be the next blockbuster, so we might as well adopt the technology, and it is the go to platform for all the other crypto's. then there is bitcoin.

bitcoin is a digital version. very much different assets. matt: bitcoin has the scarcity play. there can ovary -- only ever be 21 billion bitcoin. ethereum doesn't have a cap on ether mining. is that the case? if so, do traders and investors not care? mike: it is still a bit of a question. the bitcoin we know, there are 900 coins a day that can be mined, and that's it. it is becoming that digital reserve asset and should make a great complement. it is replacing gold come a great complement to debt. ethereum it the whole infrastructure of digitalization and tokenization. people know that maybe if i am going to get involved in this, a lot of tokens now, stocks have been trading on the stock markets, trading in tokens, and they trade 24/7.

they are getting it more and more through ethereum tokens. amanda: so let's say if you are a bitcoin skeptic -- i will put myself in that camp -- most do not understand it, like i did not understand farmville. i believe in digitalization of assets, therefore ethereum is just a safer bet. are we seeing a transition waking up to this whole thing? >> i think it is the whole space moving higher. you have the survivor bias. it will pick the winners in the long-term. just picking one or two is maybe not the place to be, but bitcoin, the digital store value -- the key thing about bitcoin, it is still a very small portion of the portfolio. a love people are saying ethereum is looking like bitcoin did in 2017. it started around 1000 and ended around 17,000. it is a bit expensive here, but

the trend from the lower left to the upper right. matt: thanks so much for joining us. mike mcglone talking to us about crypto's. i will say two things. you're a skeptic always because you are a good journalist, and i don't believe that you don't understand bitcoin. i am sure you have read in and you get how it works. like i said, you're skeptical. don't buy into things quite as enthusiastically as i am prone to do. amanda lang, i'm matt miller. we hope you have a fantastic monday. this is bloomberg. ♪

>> i am karina mitchell with the first word news.

investigating reports of potentially dangerous -- both companies vaccines are made with similar technology. the european union plans three open its borders after months of pandemic restrictions. they recommend welcoming those with low infection rates. the new rules would replace a blanket ban for residence for -- from all but a handful of countries. the economy and hong kong has finally turned a corner. fastest growth since 2010 after -- it beat all estimates in a survey. the city is recovering, not onl