haidi: the very good morning. where can adapt to asia's major market opens. shery: the top stories this hour. asian stocks set to start the week -- lower. haidi: bitcoin takes a weekend tumble amid focus on chinese

mine closures and potentially -- potential regulatory scrutiny. shery: iran and world powers and the sixth round of -- of negotiations with no agreement. in across wall street we see u.s. preachers -- u.s. futures under pressure. the s&p 500 sauce worst week since february and -- saw its worst week since february and closed below its 50 week moving average. we have the bloomberg market index rising to its highest .2 months. the bti is coming under pressure -- wti is coming under pressure. the iran nuclear deal is going without any agreement. in the commodity space we've seen a broad file. look at the gdp chart. it rebounded a little bit from

the 50 day moving average on friday. we suckled see its worst week in 15 months. -- we saw gold see its worst week in 15 months. the pressure we are seeing on w ti is not helping. we continue to watch the nuclear agreement. haidi: these talks continue to drag on without a deal. these talks reviving the iran nuclear deal have ended again without agreement. there are major gaps remaining. the white house said they are taking a firm stance in negotiations. >> i think what we need to do in the u.s. to keep our eye on the ball is to prevent iran from getting a nuclear weapon. we believe diplomacy is the best way to achieve that, rather than military conflict. so we will negotiate in a clear eyed, firm away with the

iranians to see if we can arrive at an outcome that puts their nuclear program in a box. "quicktake the lead this -- haidi: this comes as the hardline cleric and iran was declared winner of the presidential election over the weekend. this will further complicate diplomatic experts. has the dynamic in the talks really shifted as a result of these developments and where do we go from here, given this is the third time the self-imposed deadline has been missed since april? reporter: you heard jake sullivan, president biden's national security advisor there. the dynamic is -- it has changed in the sense that we have a new arabian president, but in the thing that sullivan said -- a new irani in -- a new iranian president, but the thing that

sullivan said is that the decision will meet -- will be made by iran's supreme leader. we are trying to establish by how much of a role the president will play and whether these hardline -- this hardline affiliation that he has will influence the talks. it seems fairly bold to try to regroup immediately after they -- after the election and to try to somehow move forward. but that is just the nature of the talks as we know. they tend to go on for extended periods. that surely -- that's a good prospect now. shery: as i why we are seeing no real reaction in the oil markets right now -- is that why we are seeing no real reaction in the oil markets right now? reporter: they are waiting for

the return of irani and oil to go onstream again -- iranian oil to go onstream again and the election is put a damper on that. as we saw on the talks in vienna, it adds comp locations -- complications that the markets are likely to see as further delaying the return of iranian oil. shery: you can ask to get a roundup of the stories you need to know, including what is happening in the oil market, you can go to daybreak db go on your terminal. also available in the move -- in the bloomberg anywhere app. let's get over to vonnie quinn with the first word headlines. vonnie: jake sullivan says china risks relations of it does not allow a proper investigation into the -- into the origins of

covid-19. president joe biden has already ordered intelligence officials to redouble covid investigation experts. -- covid investigation efforts. china has now administered more than one billion doses of covid vaccine, covering about 36% of the population. elsewhere in south korea, they will relax social distancing rules starting next what -- charting next month. the result death toll has now reached a half million. -- the brazil death toll has now reached a half million. it puts them only second to the u.s. taiwan says that hong kong for the past three years has requested taiwan's representatives sign a one china visa requirement as part of visas.

china calls for taiwan to stop meddling in hong kong's affairs. this coin fell over the weekend following chinese mine closures and potential regulatory scrutiny. crypto derivatives sticks change stx wrote that the hash rate in china is dropping significantly. bitcoins trading around half its record high of six he $5,000 a coin, reached mid april. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm a vonnie quinn. this is bloomberg. haidi: still ahead, we get more details on china's widening crackdown on cryptocurrency. we will talk through those reports on a clamp down crypto mining firms. plus the market outlook. this analyst says investors are

on the list -- are underestimating inflation risk. this is bloomberg. ♪

>> i think yesterday will be remembered much much more than most fomc meetings as the beginning of the fed's recognition that overheating is the issue it has to deal with going forward, given that overheating has been of major concern. so i am glad to see they have that recognition. shery: former treasury secretary larry summers saying policymakers are finally acknowledging the inflation threat is greater than previously thought.

our next guest believes that reflation is still on despite this tilt. andy, great to have you with us. this chart showing what a big hit cyclical stocks took. is this a healthy consolidation or could we see more downside? how much of this trait depends on the fed policy? guest: i is more about healthy consolidation -- i see this more about healthy consolidation. trade is more about what is doing in the real economy and less about what the fed does with monetary policy. think about the biggest driver of government support for the economy. it is not the fed. the fed is keeping interest rates low, but at this point it does not have its foot on the accelerator, it's really about

government policy. the unprecedented amount of fiscal stimulus, but more important leak, pent up demand. over the 16 months past consumers have spent a lot of time at home and now they are coming back with a vengeance. shery: let offset the pressure felt by financials now that they are following to flattening yield curves? guest: isaac so. what is happening -- i think so. what is happening with financials, it is the ceos of major banks talking down their own profit potential. jamie dimon coming out and saying not to respect trading as big a driver of the bottom line is it was last year. i think keep an eye on banks on how they put money to work. one of the biggest challenges over the past 12 months has been, not so much managing losses on loans, as much as ways to identify new loans. that is starting to change. they are starting to see a new

demand for borrowed money. haidi: do you see the resurgence in the u.s. dollar being a temporary theme or is this something that will be game changing across other asset classes going forward? guest: i think it is a natural response to the fed talking up some of the risk out there and responding to some of the inflationary risk. i see the dollar being overvalued long-term. when you look at a parity basis, the dollar remains relatively expensive. that is not likely to continue for very long, especially in an environment where the u.s. runs healthy dual deficits on a trade deficit side and on the fiscal side. haidi: we once again see these environmental concerns, mining concerns, weigh on crypto pricing. does that universe come under threat with the removal of easy money? or is that one of the areas where you have a heightened

sense -- heightened sense of caution? guest: when i look at bitcoin -- it has emerged over the course of the past few years from being something that mostly a novelty to being a speculative commodity not all that different from gold. the primary difference is it has less attachment to tradition and the physical world, so it has much wilder swings up and down. what i see in bitcoin is yes, i am sure it is sensitive to loose monetary policy, but overall i see it as a new and unestablished asset class. at the moment a lot of the news is negative, in particular clamping down on chinese bitcoin minors. also the negative publicity tied to environmental concern. that will not support the asset class but it is not likely to disappear. haidi: given you think parts of

the market are underestimating real inflation, is duration one of the ways your hedging? what are other investment ideas around that? guest: absolutely. if your plane defense against inflation, one of the best ways to do that in a balanced portfolio is to avoid interest rate risks. there are two reasons why. interest rates go up from rising inflation dictations. more portly, they go from yield -- real yields. today they are extremely negative and that will not likely persist. take your long-term inflation forecast and you're likely to look at a 10 year yield closer to 4%. not in the immediate future, but in the long-term future. in that environment, duration is a loser. you want to switch to a bumper flow to avoid that risk. haidi: andy, always great to have you with us, partner and

co-head of investments at regent atlanta -- atlantic capital. we have a conversation coming in just a moment. this is bloomberg. ♪

shery: here's an update on the pandemic. results covid ethel has passed half a million. cash brazil's covid death toll has passed a half-million. they added another hundred thousand deaths. cases are surging and could worsen with winter approaching the southern hemisphere. residents have been spurning available vaccines in favor of pfizer shots in short supply.

government data showing that astrazeneca and sinovac's account for 96% of vaccines available compared to 4% of pfizer. it is not just a vaccine hesitancy, but choosing and picking these vaccines has become an issue in recent days. haidi: vaccine arbitrage, one of the things they keep talking about. the efficacy and the rollout of these covid-19 shots from pfizer and moderna in particular have created sky high expectations for the novel messenger rna technology they are based on. pfizer's chairman says it success is due to the big r&d and tech push starting with his predecessor and that the company as well positions -- well-positioned to tackle other unmet medical needs he spoke exclusively to bloomberg's david westin. guest: i would not say i knew i could do it, but what i knew is i have to do it. because i would realize the

consequences. if we failed, it would be dramatic. although i have high-risk -- higher spec for everyone who -- though i have high respect for everyone who tried, i was feeling that if it is not us, than i am afraid no one else will find a solution. that was not an option. so that was it, we do it and we have to. david: i understand you repositioned the country more towards basic science so you might have been better positioned for that. but as you looked at the problem, what alternatives did you have? what tools you have in your toolkit saying, i have two have a vaccine, how do i go about doing it? guest: i did reposition the company when i took over in 2019. not only -- but only because of the work of my predecessor. he worked very hard to turn the

r&d zero -- r&d so when i took over i found an r&d machine i could believe in. i said let's focus on the science. i knew that in biological science, equal importance is the dramatic investments. these are in 2019 and in the first half of 20 helped us dramatically make this vexing work. -- this vaccine work. a lot of these things will not be possible unless we had this machine that digitized our enterprise. david: let's talk but the future.

what's next for the world and your industry and pfizer in particular daca -- particular? you accomplish something that is -- the no one thought you could. guest: the question is, if we were able to do it for covid, why not for cancer? why not for alzheimer's and many other diseases that require treatments. we are focused on we are covering a broad spectrum of medical needs so i think there are some lessons learned. i think thinking out-of-the-box answer engineering or process and investing in r&d and creating a culture that can do the impossible possible. and investing in digital is key for the success in bringing

breakthrough innovations to the world. this is what i think we will see from pfizer in the next few years. more breakers, but -- more breakthroughs. david: will we be able to travel in the way we used to? will the cities come back? will vaccinations get us back to something like normal or will be perpetually be living in a different world going forward? guest: i believe in terms of controlling covid we will be able to control it to a level where we could have if we wanted our old life back. but i think there were some lessons learned, lessons that you can work remotely as good as coming into the office everyday. i do not think this will go away. lessons that maybe you can do zoom instead of travel for business trips. that would take you two days just to go and calm. -- go and come. haidi: that was the pfizer

chairman and ceo speaking exclusively to bloomberg's david westin. here in australia do measures are being introduced to contain a small but growing outbreak here in sydney. paul allen has the latest. nine cases of the elsa variant -- delta variant. >> not huge in a global context, but it is the delta variant. the contact tracing in new south wales is very good. there is closed-circuit television footage of one positive case infecting someone else by walking possum in a mall. that indicates just how transmissible -- walking past them in a mall. that indicates just how transmissible this is. it is a critical time to prevent this from becoming a super-spreader event. masks are required on public transit again. we were discussing how quiet the city is this morning. there are a variety of restrictions and underlying all of us are concerns that the vaccination rate here in australia is very low.

shery: how is the vaccine rollout coming along? >> not well. a little over 3% of the population is vaccinated -- is fully vaccinated. more than that have had the first shot but very sluggish by global standards. there is an emergency meeting of the national cabinet today with one item on the agenda and it is the slow rollout of the vaccine in australia, particularly the ramifications we had last week when the astrazeneca vaccine was further restricted to people aged over 60 because of this rare blood clotting disorder. that has led to a shortage of pfizer the preferred vaccine. for age 40's to 59's and elsewhere. this is causing a shortage of that vaccine. pfizer has pledged 40 million doses for australia, but even getting a book is to -- a booking to get your pfizer jab is extreme we difficult. these items will be discussed by the national cabinet today.

they are not happy. haidi: paul allen with the latest. let's take a look at what else is happening in australia and new zealand. we will watch for any follow-up from the morrison decision to take the wind tariff dispute with china to the wto. the country's largest state economy of the time is weighing levees on electric vehicles here in new south wales. plus a bank in australia has sold its central banking unit. we are seeing those numbers being -- coming across the board. shery: here's a quick check of the latest business headlines. saudi aramco closed its $12 billion pipeline deal with backing from china and the uae.

it is a consortium led by e ig, global energy partners to acquire 49% equity stake in aramco oil pipelines. the new subsidiary will have rights to 25 years of tariff payments for oil transported to aramco's network. u.k. firm morrison has turned down an unsolicited takeover big -- takeover bid at $6.7 billion. morrison said it received a proposed cash offer of two pounds 30 a share and rejected it. morrison shares are down more than 6% in the last 12 months. chinese automaker great wall motor -- sources tell us they are in talks for a deal they could fetch several hundred

million dollars. deliberations are ongoing and may not and in an accord. we do have an interview with a ceo ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning.

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shery: the biden administration has rejected maduro's call for relief from sanction saying the venezuelan leader needs to do more to restore democracy. that is after the venezuelan president told bloomberg he wants to work with the biden administration on lifting sanctions and normalizing ties. president maduro was speaking exclusively to bloomberg. >> we always have to remember, eric, that we have faced for

years of the trump administration, which were four years of direct aggression, cruel sanctions, very cruel. damage to the venezuelan economy and society. the politics donald trump installed and left as a legacy against venezuela are extremist politics, irrational, right? that cause a complete rupture between the u.s. and venezuela. president joe biden has arrived, making a proposal to the world. his first speech on january 20, he said we do not have to demonize anybody in politics. i would say to president joe biden to stop, from the white house, from the department of state, the demonization of venezuela. the demonization of the paula varian revolution. the dema -- the demonization of president nicolas maduro. and hopefully we can find passive wrecked exhilaration --

paths of reconciliation and respect. paths that allow us to normalize relations between the u.s. and venezuela. have you seen any signals that suggested joe biden has a different posture? especially as it concerns the venezuela question. do you want me to be sincere? very sincere? there has not been a single positive side. none. it is five months where, ok, they settle into power. the only different thing, the only different big net might be heard from some spokespeople of the white house and at the department of state is that they agree with the political dialogue between venezuelans, without intervention. to look for democratic political

changes in the country. that is the only thing. they must abandon the demonization they make of venezuela, of our revolution, democratic, constitutional. pacific. and if president nicolas to maduro -- and of president nicolas maduro, to create real negotiations, to regularize relations between the two countries. in terms of a win-win, which is what we aspire to. a win-win as possible. -- we have already shown that. they know it in the financial sector. the bondholders with whom we had an impeccable relationship with. they know it is impossible to invest in venezuela and win-win, as long as this whole persecution and sanctions are not there. the oil sector knows it, who has invested in venezuela and maintains investments in venezuela. we can advance much more. the cultural sector knows it.

the social sector. the political sectors know it. haidi: that was the present -- the venezuelan president nicolas maduro speaking slow civilly. -- speaking exclusively. let's get you the first word with vonnie quinn. vonnie: latest talks to the iran nuclear deal has ended without agreement. the adjournment came a day after a hard-line cleric won the iran presidential election, a change that could further complicate the negotiations. republican senator lindsey graham says the $579 billion bipartisan accord on infrastructure is on the table and president biden need to decide whether he wants to approve it. he is part of a group of 21 senators who last week signed on to a proposed framework to present to biden, thinking to

set the stage for the next round of bargaining. the president has said he has reviewed the proposal -- he will review the proposal on monday. a chinese paper backed by the pboc says based on the productions of liquidity tightening and policy directions could mislead investors and artificially create inflections. the pboc looks like it will keep its one and five year loan time rates unchanged with latest activity rate -- activity data from china offering the urgent reason to alter course. the ecb government counsel is making good progress in talks for the guest overhaul of the monetary policy in today's. they met for the first time since the outbreak of the pandemic. they will improve its data analysis ahead of its annual form in late september.

global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm a vonnie quinn. this is bloomberg. haidi? haidi: a pro-democracy news baker -- newspaper the apple daily in hong kong is fighting for financial survival. let's bring out the chief asian correspondent stephen engle. what's next for apple daily? stephen: sources tell us apple daily has a couple of more weeks of cash on hand to pay its staff and supplies. it is a capital-intensive investment to run a printing press. you need to play -- pacer via -- you need to paste suppliers. there have been the freezing of apple daily's finances.

there is been the arrest of five senior editors and executives, including the editor-in-chief and of the publisher and ceo. they have been charged under the national security law and denied bail, i might add. the big problem here for the apple daily is whether regular suppliers and vendors will continue to do business with the apple daily, given these various court orders, because we have heard there have been orders from authorities here to more than half a dozen banks, as well, not to deal with next media's bank account. that puts a big problem -- gives a big problem to the company to continue publishing. what are the options? they could, according to the sources, seek relief through the courts. we are understanding they will make it an application to the security bureau today to access some of the funds that have been frozen. but they are also looking at possibly using its taiwan

operations to manage a digital distribution and donations through the gofundme and paypal. shery: ties are souring between taiwan and hong kong. what are the -- what's the latest there? stephen: hong kong called its trade -- hong kong closed its trade office in taipei. some geopolitics going on behind the scenes there, definitely tensions in ties between taipei and hong kong. what we are hearing is that hong kong has recalled its seven representatives based here -- taipei has resolved -- has recalled its seven representatives based here in hong kong citing political conduct -- political conditions. hong kong has requested that representatives from taiwan sign a one china principal letter as a term for its visas to operate here. we are hearing, as well, those

personnel, the seven individuals, returned to taipei yesterday. taiwan's mainland affairs council spokesperson saying over the weekend that beijing and hong kong should take full responsibility for this recall. and if that it will damage relations and the rights of people on both sides. china on the other hand says taiwan should immediately stop meddling in hong kong's affairs or it will faces a beer punishment. -- it will face severe punishment. this is taking another turn, the geopolitics, with taiwan, china, and hong kong. shery: stephen engle there. coming up next, bitcoin falls over the weekend with china's widening crackdown on crypto miners. the details ahead. this is bloomberg. ♪

shery: bitcoin dropped over the weekend. this as markets focus on chinese mine closures and potential regulatory scrutiny. for more let's bring in tom mackenzie in beijing. how significant are these crypto mine closures? tom: it sounds like this is another major step in this ongoing crackdown by chinese authorities on the crypto space.

we are talking about a city in the province of such one -- of sichuan. there were reports officials were going to root out bitcoin and ether mining in that city within a year. that is significant. we have the global times coming out and saying as of this weekend, you're looking at about 90% of china's crypto mining capacity that is been taking out -- taken out, at least in the short term. in this context, the university of cambridge last year put out a piece of research suggesting china was home to 65% of all mining capacity as of april 2020. china had been an absolutely central part of crypto mining. now that had been -- has been radically reduced as a result of the crackdown. haidi: is this about financial security and stability, or the environment?

tom: both things. it is about that stability and having control, because crypto, bitcoin, ether, and other currencies are in most cases decentralized. that is anathema to regulators here. the government wants control over all aspects of the financial system. this is one area where they want to do to ensure they are not losing control. you have the state council coming out last month saying they will want to see a crackdown on bitcoin trading. you saw in inner mongolia authorities they're promising to close down minds in that province within a year. yunan has carried out its own investigations. now you have the actions in sichuan. but it is about the environment, as well, the energy costs and use of mining, given that china set itself a target of being carbon neutral by 2060. both those factors are at play here.

they banded the search for crypto exchanges online and banned crypto exchanges themselves. this is an ongoing crackdown and the weekend actions in sichuan accelrys what is happening here. shery: it's time for morning calls. i'm taking a look at what goldman sachs is saying about europe's commodities sector. they think they will provide a good hedge against slightly higher inflation in the next cycle, even if they believe price pressure will be transitory. they say basic resources are well-positioned from a cyclical and structural point of view and believe this value sector can continue to do well under higher inflation and bond yields. they know valuation remains historically low despite being a best performer. let's take a look at the equity markets, as well. let's look at the focus on employment and the willingness for the inflation to run hot

from the fed. it means accommodating policy will be longer. it will support the case for value. they also note that investors are on -- are underweight on value stock and that that is the most uncrowded mark -- uncrowded part of the market. haidi: analysts are expecting the asx index to continue its advance. seeing its fifth weekly rise in a row last week, your 12% gains has made the australian gauge a top-performing market in the asia-pacific so far in 2021. let's get a look at what is coming ahead with this market. julia, great to have you with us. first time on bloomberg tv. finally, we are out of the sleepiness we have seen from aussie markets the past two years. do we see a continue? you say looks toss he. -- you say it looks tossy.

guest: we have very high business confidence. employment is already back down -- on a plane is already backed onto -- back down to 5%. it is a remarkable outcome. the market trading, especially industrial trading, is to standard deviations above normal. it is quite vulnerable to rising volume. rates have supported elevator market valuations for some time now. the market is still not taking note of what could happen if inflation was indeed higher. i think if you look under the hood, intact, and health care, you see resources trading at low multiples. the market is wisely choosing not to capitalize on high commodity prices.

haidi: let's take a look at -- at earnings expectations when it comes to mining expectations. we know that the job story is positive there. we are looking at the best earnings year since 2000 eight. mining stocks in australia rising to a 12 year high. how much of the positivity has been priced in going into earnings? guest: the mining sector looks particularly interesting. copper prices are at a decade high. some of it is structural. we have been used low-inflation environments, everyone points to japan. what we are seeing is, we have seen two months of very high month-to-month, and it is not just -- it is price pressures. we've seen mcdonald's putting up wage increases.

i think we should be watch out for this trade thing that could be different. it is move towards decarbonization. that accelerates demand structurally for things like copper, which goes into electrification, into solar panels. two, your fiscal policy and monetary. fiscal is creating jobs. three, you have interest groups, so we see the potential for benefits to things like mining and the financial sector. shery: you mentioned the esg theme that has been central this year. are you -- are you watching

other trends? guest: there is a great opportunity to capitalize on that. bloomberg reported the other day, there are $150 trillion that needs to go into support the move to d carbonized. -- two decarbonization. -- to decarbonization. in the paradise portfolio we have a great network of recycling assets. we have a leader in structures. we have supported recent pump hydro plants in australia. shery: we've seen the tech sector for example this year one of the biggest laggards. with the post fed hawkish term, we have seen them rally. is this a fundamental change we will see in the aussie markets, as well?

guest: really interesting juncture. it depends on the extent of this reflation trade. and on earnings. tech has been an absolute darling during the covid. , despite -- i think aussie neck -- aussie tech names are quite different than the u.s.. they have had lengthy selfie -- sales cycles. what we have seen very far is a bit of a reality check. if the reflation trade continues and you cannot get earning divisions upward, i think tech will come under some pressure. having said that, we like a global leader in software for electronic circuit boards. i think they will come out strong at the other end. haidi: julie, you started off

his conversation talking about australia being the latchkey country. i'm sure you know the second part of how the query goes. how long until the luck runs out? particularly as you see policymaking flaws what it comes to the vaccine rollout and managing these outbreaks. situations where borders have to stay closed. guest: it depends. we are a bit of a laggard enrolling at the vaccine, but the government is committed to an unprecedented level of stimulus. you will see an uneven pace of recovery. stocks that we like do not necessarily rely on the macro recovery. for instance, we like goodman,

a world-class industrial real estate company. it really depends. shery: julia wang, thank you so much for joining us on bloomberg tv. paradise investment portfolio manager. be sure to tune into bloomberg radio to hear more from the newsmakers into in-depth analysis from the daybreak team broadcasting live from our studio in hong kong. listen via the apple or bloombergradio.com. plenty more ahead. stay with us. ♪

shery: here's a quick check of the latest headlines. commonwealth bank has reached an agreement to sell its australian general insurance unit. the transaction includes a $468 million upfront payment together with deferred payments and additional investment. analysts expect a premium -- the bank to put the proceeds towards a share buyback later this year. a blank check firmed -- firm is buying 10% of universal music from vivendi for about $4 billion.

they say the transaction values the home of taylor six and billie eilish at $42 billion including debt. haidi: royal caribbean freedom of the seas set sail on sunday, marking the first cruise from a u.s. port since the pandemic suspended operations six -- 16 months ago. the trip is being dubbed a similar voyage to prove cruises while covid-19 is still circulating around the globe can still happen. bloomberg's quick takes took a look on board. >> this is the ship that will be the first one to leave a u.s. port in about 15 months. the industry has essentially been on lockdown since then due to the covid-19 pandemic. >> the journey has been long. we have worked with health experts along the catch around the globe.

we have changed a lot of the ships. the evolution of knowledge has been tremendous. we have learned so much. the world has learned so much. this is a game changer for us. >> the company says about 650 people will sail on this. the ship has the capacity for about 45 -- 4500. the company says all those people are fully vaccinated. they are also volunteers and most of them work for the company or are there plus ones. >> it is all hands on deck. literally all hands on deck. everybody pulling together to do what we are doing today. >> is something no one could control. >> it is vital to get back to sailing and we are vied -- we are really happy to be part of it.

>> i'm vaccinated, everyone is vaccinated. i feel good about it. >> everyone is fully vaccinated. >> the ship will leave the port, going on at tonight sale, making a little bit of a loop, and then coming right back. >> i am ready to go.

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>> a very good morning. you're counting down to asia's major market open. >> welcome to daybreak asia. our top stories, asian stocks such to start the week lower as investors sever on the reflation trade after the fed's pitted. bitcoin takes a tumble as investors focus on chinese mine closures