cease-fire between israel and the palestinians. secretary blinken is set to me leaders from both sides and visit jerusalem and other cities. iran has agreed to extend a key nuclear monitoring packed with you and inspectors, a breakthrough in efforts to revive a landmark 2015 agreement with world powers that could enable it to resume oil exports. iran wants to restore the nuclear accord and secure the removal of sanctions imposed by the trump administration. a highly transmissible covid-19 variant first identified in india has u.s. officials worried it could impose a risk to under vaccinated regions. one study indicates the variant could be as much as 50% more transmissible than the u.k. strain that showed up in the u.s. in december. current vaccines are said to be effective against this recent

mutation, but areas in the u.s. with low vaccination coverage are said to be a concern. new york governor andrew cuomo is seeing a slight boost in his popularity as the state continues to recover from the pandemic. a new poll from siena college gives cuomo and approval rating of 44%, up from 40% last month. the governor is facing multiple sexual harassment allegations and his administration is accused of covering up covid-19 nursing home deaths. 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. >> i am kailey leinz.

welcome to bloomberg markets. here are the top stories we are following. european leaders are debating possible measures against belarus one day after the diverted flight and forced landing of a ryan airplane. the latest from brussels. we talked a colony capital ceo marc ganzi. and later on in the hour, we will speak with the ceo of an electronics company about the company's new direction as it deals with a global chip shortage. a check on the markets. it is green across the screen. all major equity benchmarks higher. every sector within the s&p 500 is positive. what is outperforming on the day is big tech. the nasdaq 100 up 1.75%. inflation concerns seem to be easing in this market. that is sending yields lower.

down about one basis point the u.s. 10 year yield to 1.6%. cooling in commodities, but oil and exception. wti crude rallying back above $65 a barrel. bitcoin continuing volatility over the weekend, at one point sunday falling to $33,000, now trading at $37,334. back to the situation involving belarus. eu leaders are meeting now after the arrest of a journalist on a ryan air jet is being met with condonation. -- condemnation. >> there is already a package of sanctions. it should be accelerated. what is happening here, basically, is that you see european citizens held as hostages for a political move, which is clearly unacceptable, and so my conviction is that we should do something also related

to aviation, and this is what we will put on the table. this is going so much farther than anything seen. it is unacceptable to stay within the current set of measures. >> we do have to strongly condemned the actions of the government of belarus -- condemned the actions of the government of belarus. what they did on sunday put the passengers and crew of that aircraft at risk and it is unacceptable behavior by any government. kailey: we welcome now a bloomberg correspondent in brussels. they are sitting down for dinner right now and they will have this conversation, but sanctions already exist on belarus, so how could the eu go further? >> yes. it does look like this will be an early night -- or a late night, i should say, because it is already running late. what is on the table now is a

package of sanctions that would go beyond individuals, beyond one specific person, and essentially look at ways of exerting pressure on belarus. one idea is a complete ban on the use of airspace in and out of the european union and ground transport into the country and something that would -- further the country in the way that looks almost like a full ban on belarus. the issue is this could put pressure on the belarusian government, but this is a government that is very heavily sanctioned already. lukashenko has been targeted by sharing -- by sanctions. for european leaders, balancing punishing the government, sending a clear message that this is a real attack on the european airspace, but at the same time, when it comes to the population and the journalist that's been detained, making sure he is liberated and giving

some air for the population to breathe. you have to remember that we have seen protests against lukashenko. kailey: how does russia factor in? how does it complicate the conversation? maria: russia as a geopolitical agent is a big headache for the eu. you have a political crisis but also there are economic interests. for germany, keeping gas flowing into the country's key. one thing of concern for the europeans is you could get an annexation of a territory that becomes part of russia. that could happen if you isolate the country from everyone else and europe -- in europe. there's also talk about potential sanctions in russia related to navalny. that's also on the table. that discussion will probably be pushed until june. kailey: what's the status of air

travel in the area? our planes flying over belarus at the moment? -- are planes flying over belarus at the moment? >> it is complicated. the european commission has decided. it is up to individual countries and companies. we have seen air baltic avoid that airspace. they don't find it say. there are numerous other countries still flying as normal and commercial companies still doing it because the government order has not come yet, so companies are looking for clarity over what to do with airspace coming from the government so they don't have to decide. kailey: maria tadeo covering this and the eu summit from brussels. thank you. coming up, liberty global global and digital colony teaming up. we discussed the venture aimed at increasing connectivity outside major cities with colony capital ceo marc ganzi. this is bloomberg. ♪

kailey: this is bloomberg markets. i am kailey leinz. liberty global and digital colony are launching a joint venture to sell services from data centers and europe -- in europe to increase connectivity in periphery at areas outside major cities. ceo of colony capital marc ganzi joins us now. tell me why. >> we get the opportunity to get -- to help our partner and customer liberty extend the network. extending the network is crucial coming out of covid. when you think about how our lives have been permanently shifted, keep in mind, workloads have shifted for computers.

traditionally, a lot of that was focused on core network build out. what we learn from covid is that to keep the world and our lives moving, we had to shift those closer to our home to enable applications, enable connectivity, medial -- meetings like this. this means there's more pressure on the networks outside of zones where we have traditionally built -- where we have historically built network infrastructure. liberty is a forward thinking organization. their networks connect not only the cities. they connect the suburbs. we are going where the network traffic will ultimately be emanating from, so it is an exciting partnership. kailey: will the need for that be as great as the world emerges from a pandemic and people go back to the offices in cities? marc: those networks were sustained and built to get us back to our normal, but some of the thinking is we have to be

rethinking what the new normal is, and one thing that is clear is that network traffic and network capacity, the ability to serve consumers and enterprises, and most importantly to serve industrial capabilities as well, is needed outside the big cities. so moving those workloads to the edge, where you create a low latency environment ultimately, which speeds up the devices and applications, is crucial to this next generation of network activity. kailey: does that same opportunity exist in the u.s.? marc: it does. we are having that -- having those same conversations with at&t, verizon and t-mobile. everyone is looking to push low latency applications to the edge. what is so exciting about 5g network activity is, when you think about legacy networks, 3g and 4g, we were consumed with traditional commute occasion, voice to voice -- traditional

communication, was to voice. with 5g, there's a shift in traffic. we have to think about how we connect devices, not only human beings. there's a massive surge in iot connections coming over the next eight years. we ended last year with 20 billion wireless iot connections. that is going to 80 billion in the next 3.5 years. and ultimately a staggering figure -- 500 billion iot connections on this planet in the next eight years. staggering. kailey: speaking of staggering, president biden expanded -- biden outlined what he wants in his infrastructure package, part of that digital. there is debate about how to define infrastructure, how much we should be spending. according to you, where did those investments need to be made and how does that create opportunities for you?

marc: i have a strong opinion on this. i have been sitting on the fec -- the fcc broadband board for five years. the first is education. we have to make sure everyone has equal footing terms of how to access not only -- footing in terms of how to access not only high-speed internet, so i am a big proponent of putting more infrastructure into schools, particularly in urban areas that don't have the same equality, and we level the playing field from an education perspective. also in our tertiary markets in rural america, where our farmers are competing, we have to bring fiber to the farm. we have to make sure our farmers are competitive and part of that is giving them a digital edge, using iot and machine learning to make farmers more competitive and increase output. there's a lot of things our

government can do to bring us forward -- education and leveling the playing field is my primary objective. kailey: and at the cost of doing so with higher taxes, do you support that? marc: we have to pay our fair share. i don't have a problem paying more taxes. but from a broadband perspective, public-private partnerships have worked. we as private enterprise need to work hand-in-hand with government to provide the incremental capital to provide that critical network infrastructure. we don't have a problem building network infrastructure. we have a problem in ultimately connecting end-users in the urban environments where we can level that playing field. kailey: let's talk more about the return to office. you said the knee will still be there even as we emerge from post-pandemic, but what is digital colony's model going to look like? will you be in the office five days a week? marc: i don't think so.

i think we have learned to adapt. we ultimately have taken our footprint down. we have normalized savings at colony, bringing us down to about $150 million in gna. we have reduced our headcount by 40%. we have gotten leaner, more efficient, and ultimately, we think the office space is a central place where we meet. we collaborate, exchange ideas, but we have gotten comfortable with the quality of our staff and their ability to self govern themselves, meet deadlines and get work done. the future of office space is that there is no replacement to us getting together as human beings and exchanging ideas, so we have brought most of our people back to work. our florida headquarters is back online. los angeles is back online. new york city is back on. we hope to get london and singapore back online shortly. our staff want to meet.

we want to collaborate. but i am very comfortable allowing our key partners and staff to monitor themselves as well. kailey: when you do have employees back at work at least part of the time in the office, will you require that they be vaccinated? marc: we haven't yet. no. but i will tell you that close to 80% of our workforce has told us they have either gotten vaccinated or gotten there first shot were intended to be fully vaccinated. i am comfortable with that. it is not my job to impose upon them. if people don't want to give vaccinated, they will have to make sure they contract for safety when they come back toward. we are working through that and so far that has worked well. kailey: many thanks to marc ganzi, colony capital ceo. appreciate your time. congratulations on that joint venture. still ahead, the latest on covid cases. they are falling in the u.s.. our guest is dr. naor bar-zeev,

professor of international health at the johns hopkins school of public health. this is bloomberg. ♪ rg. ♪

kailey: this is bloomberg markets. i am kailey leinz. new york governor andrew cuomo says new cases in the state yesterday fell below one thousands for the first time since october. over the past week, u.s. infections overall at the slowest pace since the beginning of the pandemic. you saw fans swarming phil nicholson and south carolina -- in south carolina. joining us is dr. naor bar zeeve. thank you for your time. given with what happened with phil nicholson, my experience here in new york, it feels like

it is back to normal. but there are still threats. like a variant for example. should we be concerned here? naor: we have reached great levels of coverage of vaccination in the general population. we are seeing reductions in cases that will hopefully continue. we will also see reductions in mortality and severe disease and hospitalization. that's fantastic, but this is a pandemic, which by definition is a global phenomenon. no country will emerge from this on its own. we all need all of the world to come out of this pandemic before we are all entirely secure, so as we see variants emerging in different places, it is important we make sure coverage is in those countries so we can suppress the emergency of new variants and protect ourselves domestically. the best way is to expand vaccine coverage. kailey: let's talk about

vaccines first. if i am fully vaccinated, do i need to fear this variant or others? naor: you don't. the best thing is to be vaccinated and received two doses, if it is a two dose regimen you have received. you are protected. your certainly protected against garden-variety covid and some of the variants very well. against other variants emerging, we don't have full data yet, but the data that exists says they do provide protection against it and against the severe spectrum of the disease, against hospitalization, and that is the important thing. if we still get infections that cause mild illness or no illness at all -- of course, we would like to stop it altogether -- but it is not the end of the world. we achieve protection by vaccinating. new vaccines are in development that have stronger efficacy

against some of the emerging variants and we will likely see second generation covid vaccines coming. there may be need for booster doses in the future, but at the moment, we can achieve the best protection by availing ourselves of vaccinations. kailey: we are just hearing from new jersey governor phil murphy. he is speaking from trenton. he says new jersey businesses will lift their indoor mask and a per fully vaccinated people by the holiday -- indoor mask restrictions for fully vaccinated people by the holiday. some people have not been fully vaccinated. are we facing a risk of another wave of covid either this summer or later this fall? naor: people need to protect themselves and those around them. the best way to do that is to be vaccinated. but we are not forcing anybody to receive the vaccine. as you know, the community has

expressed concerns about vaccine safety and the speed with which the vaccines were developed. even though i am not a vaccinologist, just a normal person, i am confident these are based on large-scale safety data, but i understand people have worries. every day they choose not to be vaccinated, it becomes important they continue to wear masks. what we have learned over the last few weeks, really, only, is the emergence of good data that vaccination protects against a symptomatically infection also -- against asymptomatic infection also. people who don't give vaccinated need to wear masks, and people with weakened immunity may not be fully protected. kailey: what we are experiencing here in the u.s. and many parts of the west is far different

than in places like india. what could the ripple effects of that crisis be if india could not get cases there contained? could we feel that later? naor: again, this is a global phenomenon and we need to look out for one another. every government has an obligation to its constituents. that's understandable. india is one of the world's largest producers of vaccine in general and a major producer of vaccines for covax, a global facility for vaccine availability, but the indian government is acting as it should given the messick surge -- the domestic surge in cases. we are seeing that in part because of the difficulty and magnitude of the vaccine campaign and in part, possibly, because of some of these variants. if those variants end up being escaped mutants in the sense that vaccines don't work well against them, then potentially

yes, there could be a global issue. it could come from left field or come from homegrown variants, like new york's. we are making progress and the more we can make mystically and the more we can assist other countries -- make domestically and the more we can assist other countries, the safer we will be. kailey: thank you to dr. naor bar-zeev, professor of international health at the bloomberg school of public health. coming up, we will have an update on bitcoin. it briefly bounced back above 38,000 dollars after its weekend cela. the volatility continues. this is bloomberg. ♪

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mark: i am mark crumpton with first word news. the spanish tourism industry is seeing a comeback. spanish secretary for tourism

fernando valdes tells bloomberg that by the end of this year, sl a chunk of its revenue will come from tourism. >> to close our year, at least with 50% of the numbers coming from tourism. that is not an optimistic view. we expect to be the least of our reputation. mark: secretary valdes says he expects the green certificate program, the health care system to be in place by july 1. but he says spain will be ready by june 7. three times this year, major pieces of u.s. infrastructure failed. first the texas power grid, then the east coast's main gasoline pipeline. then after that, a freeway bridge over the mississippi river. the crises disrupted businesses

and lives, cost billions, and left more than 150 people dead. the infrastructure package would necessarily have prevented that. that would not necessarily have prevented that. in the way the u.s. exhibit and pays for infrastructure. they say the country focuses more on building new things rather than maintaining what it has. anti-trump house republican liz cheney is saying some support following ousting from her leadership position. cheney and adam kinzinger are breaking in campaign cash after taking on former president trump for an alleged role in the january riot at the u.s. capitol building. d.c. lawyers and lobbyists and others have done ok did ash have donated to cheney. 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 am mark

crumpton. this is bloomberg. [bell rings] kailey: this is bloomberg markets. i'm kailey leinz. let's get a check on the major averages, markets across the board. everything is green across my screen. the charge being led higher by big tech, the nasdaq 100 up by 1.8%, right around session highs, at the same time we see yields coming out of the 10 year, down about two basis points, around 1.6 percent. crude is charging ahead, higher for the second day, right around 3.7%, approaching $66 a barrel once again. and then volatility for bitcoin continued over the weekend. we saw it as low as 33,000 dollars yesterday. today we are back up above $37,000. i would remind our audience that

even if we are rebounding today, bitcoin is down 30% from its record highs, reached just last month. that leads me to something that caught my eye today, cummins from ray dalio, founder from bridgewater associates. he was speaking earlier at coindesk come and listen to what he had to say about bitcoin. >> i think bitcoin's greatest risk is its success. the more we create savings in it, the more you might say i would rather have bitcoin at -- personally i rather have bitcoin than a bond. and then the more that happens, then it goes into bitcoin and it doesn't go into credit, and then they lose control over it, so that is a risk. kailey: so bitcoin won on zero, at least at this point. my question is more about bitcoin to gold, because many

have been making the case that the coin can act as an inflation hedge and can do a better job of that than gold can. but when you look at volatility, bitcoin versus gold, that argument seems unsteady to me. virgin galactic had its first successful test flight in two years this weekend. earlier today the space exploration company ceo told us about the plan about matching the demand for flight. >> the first thing we need to do is finish the test flight program and move into commercial service, and we believe this is going to be a supply constraint business for quite some time. the demand of this is going to be well out in front of our ability to build and scale the fleet up for a while. kailey: dave wilson is here. what's going on with price action? dave: we see virgin galactic, shall we say, take off in response to that successful test flight over the weekend. it is not just about getting the

program done. clearly it is a step in that direction. it's about what unfolds from there. the plan is to get virgin galactic's billionaire founder richard branson into space in the next few months, and on top of that to be able to start signing up passengers who would pay for their seats. they are able to generate some revenue from the test flight, but that is not with the business is. it's all about space tourism. though the idea that they can move in that direction, it is something they really need to do. you look at how much they have lost, something like $600 million in the last three fiscal years, and then figure in what analysts anticipate for this year at next, you're looking at more like $1.1 billion. there has certainly been a lotta volatility. people anticipated they were going to get this test flight off, then it was postponed. now it finally happened, so it's a matter of how the business unfolds from here.

we're talking about a business in the end, not just the latest and greatest in space. kailey: right. that brings me to a question i have come in that we love space on bloomberg television. we are constantly watching spacex launches and this was virgin galactic's first flight in over two years, so how does it compare? clearly from all of those -- dave: wert -- blue origin may be more on the lines of virgin galactic, but spacex is in a league of its own and it comes to getting rockets up in the air. of course, they are working with nasa as well. you can see the numbers. you were looking at 31 launches this year. it really does kind of make virgin galactic pale by comparison, but obviously that is a very different handling of flights for nasa as opposed to being able to have tourists on your planes, so to speak.

kailey: not sure i am going to be quick to sign up for a flight to space when it becomes available, but to each their own. in q2 dave wilson. coming up, hiking the minimum wage. we will speak with andre turney -- andre churn a. that is next. this is bloomberg. ♪

kailey: this is bloomberg markets. we have breaking news. the u.s. is issuing a do not travel advisory for japan over covid-19. that crisis is worsening there, and my first thought goes to the on big games, which are

scheduled to begin in two months on july 21. -- on the olympic games, which are scheduled to begin into month on july 21. issuing a do not travel advisory for japan over covid-19. let's turn to banks. all over the world they were trying to incentivize you knew -- incentivize new young workers by hacking minimum wages. a company is trying to do the same by increasing theirs to $25 an hour. we speak with aspiration ceo. also cinelli bostick. we saw bank of america this week saying it will hike their minimum-wage to $25 by 2025. do you expect we will see a wave of banks doing the same thing? doug: >> i hope so. i hope every company would provide a living wage to customers. we help our customers spend and

invest with companies that do great for their employees and for the planet. one of those ways in which we assess companies is how are they treating their employees? are they paying a living wage? what we know and what we have seen is that those companies that do right by their team members, that do right by their workforce are the ones that end up doing better financially. at the end of the day, just in the self-interest of companies to make sure that they have a workforce that is at high quality and incentives and as excited as moving forward as they possibly can. sonali: we see all the banks heading to washington. we see wages come up the last time around. but if you look at the banking system as it exists today, wages , fossil fuel work -- what is it that they are falling short on as an industry that you think lawmakers should be paying attention to? andrei: how much time do we have

on the segment? we talk about wages. at aspiration, customers come to us first and foremost because we ensure their deposits are fossil fuel free ms opposed to what those deposits are doing at any of the top banks. the largest banks out there have spent over $3 trillion in the use of their own customer deposits, to oil and gas pipelines just in the past few years. they fundamentally fueling the climate crisis that we are facing as a symbolization -- as a civilization. when it comes to how they treat their employees, the planet, customers, with fees and everything else they are doing with the unconscionable treatment that we often see, it is why a company like aspiration has been growing so fast, because we are facing in its -- an industry that has not kept pace when it comes to sustainability, fairness, and justice. sonali: you are penny for an

ipo, you have gotten a very interesting investor in leonardo dicaprio, orlando bloom. what do they see in the future of banking that will help you make it a public market daqo ? andrei: sustainability is a service for that we are bringing to our individual customers and businesses that we are serving and working with ways in which they can integrate esg impact that are easy, actionable, and fundamentally powerful and meaningful. we are in the midst of what is going to be the fastest, largest change in human behavior that we have ever seen in history, as we as individuals and as the country and as the world has to grapple with how we make moves to sustainability and what -- what aspiration has been doing has been empowering people and businesses to bring sustainable action into the forefront of their daily lives in ways that are automated, and that is why

we are seeing the kind of growth we have seen over the past year and the past years. kailey: the pandemic has put renewed focus on esg. investors have been paying close attention to and holding companies to account on those metrics. do you expect that to last? is the shift permanent? andrei: i don't think it's going back. 25 years ago i was working for vice president al gore in the white house, trying to get people to pay attention to the challenge we were calling back then global warming. we did not get people to pay attention in time. as the saying goes, change happens slowly, and then all at once. we are in one of those all that once moments. the numbers are incredible. 62% of americans say they see climate change is not just a threat that a major threat to the country. the percentage of americans not just concerned but alarmed by climate change has tripled over

the past couple years. so there is no going back. there is not going to be a year in the first able future in which individuals are going to want to do less when it comes to sustainable action. businesses are going to need to spend less in order to meet the demands they are seeing from their employees and their customers in terms of what they are doing to help make the planet more sustainable and our culture more fair. sonali: what evidence do you have so far from your consumers? you have carbon offsetting as well as planting a tree every time they do a round up. so what can you -- what data can you give us to show us that consumers really care about this? andrei: first of all, we have doubled the number of our customers or aspiration members, as we call them, in the past year to over 4 million members who have signed up. we have launched plant your change, which allows customers

to plant -- we launched it last april. right in the midst of the pandemic or just as it was getting started. not sure what to expect. our customers all told now across everything we're doing have planted over 10 million trees in just about a year. we are planting as many trees as there are in central park every single day. that speaks to this giant demand that people have for how they can really meet the challenge of the climate crisis in their personal lives and how they can integrate that kind of action. we are seeing that in customers coming to aspiration, wanting to do more with aspirations, wanting to make us the center of their financial life, and the many businesses partnering at the same time as well. kailey: thank you so much, andre turney, for that -- andrei cherny. make up, we will go to the new york stock exchange to speak on the 60th anniversary of the

company formerly known as centron act. this is bloomberg. ♪

kailey: this is bloomberg markets. stella burning this 60th anniversary of its founding, officially changing its stock ticker to poly. this comes amid a global chip shortage. joining us is dave shull who joins us from the new york stock exchange. what is the significance of this shift? dave: there is such a lot going on here post-pandemic. we are all now used a video conference calls and use to using this amazing cloud service like microsoft teams and zoom. so it is a massive demand change for us as a company come as an

industry, and for us as a world as we try to figure out what the new normal will be like for post-covid. kailey: there are serious supply issues. how is the chip shortage hampering your ability to meet that demand? dave: we indicated that without a chip shortage we would have seen sequential quarter over quarter growth, and we have had 700% increases in our -- in the sales of our video components, our news video unit. the chip shortage is holding us back. we put in place a new supply chain team that i think is doing everything we can to go down multiple levels with our suppliers, and they are doing a great job of that. but definitely holding back. we've indicated we think the demand on this business is in the double digits for five years to come, and so we are sorting it out as quickly as possible. kailey: how long do you anticipate it is going to last? dave: i think it's going to be months, not years. there is a lot of talk in the press about early next year, but

we are seeing positive signs in terms of our ability to work more collaboratively, a couple airs down with the supply chain and they are responding very well to that collaboration. we are optimistic. kailey: the biden administration is looking at, and the commerce secretary has held multiple summits with industry leaders about the shortage. is there anything the government can do to help as this is like yours? dave: i think long-term some of the steps they are taking to make sure that we can have american sourced chips, in various countries around the world, is very healthy from an ecosystem point of view. i have talked to a few members of congress as well as made the same point. the broader the ecosystem, the healthier for all of us to make sure there is a healthy supply going forward. kailey: let's go back to demand and your product specifically. you and i were discussing from the pandemic how new york seems like it is coming back to life. how do you expect demand for your products to change?

dave: i am so thrilled to be back in new york. it's been 14 months since i've been here and it is wonderful to see people coming back vaccinated. 100% of the fortune 500 is using our products, so we're talking to all of them at the cio level and saying, you know what, the biggest change we are seeing is it is all going to be about video. every meeting going forward will have vehicle, and they expect at least one person in that video meeting to be remote. it is important to make sure you have high quality gear that you have a complete infrastructure that gives you quality. that person who is remote doesn't want to feel like a second-class citizen. they don't want to miss out on the critical parts of the conversation, so we are -- we are all about equality to make sure that we can enable our clients to have quality in the room, whether you are in the room or out of the room. that takes a lot of software and intelligence, and that is our focus. kailey: that is the kind of equipment employees are going to need.

dave: we are seeing a big shift away from pbx phones. our 30 million ip phone here, all of those phones now are customized so that they can work with cloud systems like zoom phones were with teams or with ring central. people don't want to use the standard pbx phone. they want something tied to a collaboration platform. kailey: we talked about the chip side of things. what about labor costs? are you having issues with hiring or feeling like you might want to wage -- raise wages to attract talent? dave: we are fully embracing our brand promise, so we have surveyed our employees to understand their view of remote working, hybrid working, and we are seeing 35% to 40% have job capacity and the strong interest to work on a hybrid basis, each means no more than three days a week into the office. we are embracing that and i think it is going to be a key way that we retain top talent,

giving them that flex ability. there are challenges with the kids at the dogs, challenges of working from home. they're also real benefits in terms of having the space to step back and think more clearly about being strategic and ovation issues. kailey: aside from allowing flexibility, you don't anticipate that you will need to pay people more? dave: not yet. we are watching inflation concerns, as is everyone else, but we are not seeing that yet. we pay a good market rate already, so we are monitoring that. at this point if let's ability is worth a lot more, especially to the employees who are technical and have that flick's ability to be flexible from home and at the office. kailey: dave scholl, we will check out you ringing that closing bell in a few hours time. is it a risk on day. is big tech leading the way? right now the s&p 500 up about 1.1%, but the nasdaq up more than 1.5%.

in the treasury market, we don't have a lot of action. we are moving lower by about two basis points on the u.s. 10 year yield. we are sitting at 1.6%. and of course, canada is on holiday. not a lot of action on the -- side of the equation. my focus is on crypto. it going having a wild weekend. what else is new? they continue to say that we are rebounding. cryptocurrency trading at 37,030 $719 -- 37,000 $719. gold futures higher by about .4% . wti crude approaching $66 a barrel once again. this is bloomberg. ♪

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mark: european leaders are

ordered a ryanair flight thailand and arrested a journalist. the international air transport association has added its voice to those who condemn the move. >> we have to strongly condemn the actions of the government of belarus. what they did sunday, intercepting a civil aircraft, clearly put the passengers and crew at risk, forcing them to divert, it is unacceptable behavior. mark: russian officials who were allies of belarus have dismissed the european union and american rub -- american uproar. members of george floyd's families and others who have lost family members to police, gathered to march to mark the one-year anniversary of mr. floyd's death. hundreds joined the rally at a courthouse in