take unspecified action against russia if it tries to use energy as a weapon against ukraine. that would mark a concession from chancellor angela merkel, who has resisted making independent moves against the kremlin over the gas pipeline that will connect her country to russia. taiwan will set up its first office in europe using the name taiwan, which is drawn rebuke from china. the island is looking to strengthen is diplomatic presence around the globe. it's for ministers says a government office will open in lithuania. the move is a setback for beijing which has tried for years to divide the european union. for the first time ever, there's an extreme heat morning in the u.k. the met office issued a warning for a large part of wales, all of southwest england and parts of central england. temperatures could soar as high as 91 degrees.

heathrow airport recorded a record 89 degrees on sunday. 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'm mark crumpton. this is bloomberg. ♪ matt: it is 1:00 in new york, 6:00 in london, 1:00 in hong i'm matt miller. welcome to bloomberg markets. bezos blasts into space. we will bring you everything you need to know about blue origin's spaceflight and discuss the investment outlook with dylan taylor of voyager space holdings. and a conversation with the ceo of citizens financial on its latest earnings report, and the tepid loan growth in the second quarter.

how will that shape up in the second half? later this hour, we will speak to the former u.s. ambassador to canada as the u.s.-canada border is set to reopen for the first time in over a year. quick check on what is going on in markets. a little bit of a bounce back today after the big drops we saw yesterday. s&p 500 up 1.7%. 4330. since thursday, we had lopped off almost 3% on the s&p. especially younger investors, retail investors coming in to buy those dips,

back. the dollar index is up .1%. crude getting just $.74, $67.16. still off of those highs that we saw just a couple days ago. billionaire jeff bezos and three others landed safely after blue origin's first flight to space aboard. the capsule reached an altitude of six to two miles, a milestone in the company's effort to make space tourism viable. bezos first spoke with bloomberg after his return to earth. >> you can see that it is just one place, there are no boundaries, no national lines, nothing. earth's atmosphere, it is so big, we live in it, it seems gigantic, but when you get up there, it is actually this tiny thing we need to protect. for me, it was definitely incredible. matt: for more, we welcome dylan taylor, ceo of voyager space holdings, a firm that acquires and integrates leading space exploration enterprises globally. thank you so much for joining us.

what do you make of this milestone? now we have had three billionaires launch successful space programs, two of them going up themselves. is it important? dylan: it is important, for a number of reasons, not the least of which, we are inspiring a new generation to reach for the stars. you think about where we are as a society, civilization, i think we need hope and inspiration. it's incredibly important. matt: what is the endgame here? we have an inkling from elon musk that he wants to do something big for the world. in fact, get us to another world is his final goal. jeff bezos seems to be more interested in mining resources and bringing industry off the planet in order to do less damage here. how do you see it? dylan: i think that is broadly

correct. elon is focused on mars, jeff, on millions of people living and working in space. near to earth here, our entire modern economy is based on space-based assets. the gps constellation, satellite internet, basically every modern technology we enjoy, every business plan coming out of silicon valley is space enabled. now that we have reliable, inexpensive lunch, we can o pen up business plans and make life better here on earth. matt: how can investors view this, where should the market look for opportunity? dylan: as exciting as space tourism is, and it is exciting, everyone loves rockets. we are going to put more satellites in bit -- orbit this year than any other year. we are generating a lot of data.

only 5% of that data makes it back to earth. we need to build better downlink culpability's -- capabilities. with machine learning, ai, other technologies we have developed, we can process that information. the idea is to make the global economy more efficient. we can be more predictive in our ability to anticipate what may happen, and add value. that is the whole notion would space-based assets. matt: what are you doing at voyager space holdings? what do you screen for before you spend your money? dylan: we only do controlling interest transactions, we are buying majority controls. we are acquiring companies that are post revenue,post-ebitda cash flow positive. notably, we have the only private part of the international space station, voyager. we are focused on assembling capability within space, because

it is a hot industry -- matt: you say that so nonchalantly. the only privately owned part of the space station. that is a big deal, that is exciting. dylan: it is, and to be clear, it is a commercial airlock. it is not exciting just for voyager but for commercial space. the point is, if we spent the last years building access to space, the next years will be about destination. we will have more private space stations, places for people to go. i think that is our next milestone as the industry. matt: you say you are on a public company path. does that mean you are looking toward an ipo? dylan: that is our intention, to try and violator this year. still a lot of things to do but that is the plan. matt: certainly is a lot of appetite for space-oriented holdings.

the virgin galactic moves notwithstanding, you have seen huge inflows into anything related. do you think that continues? dylan: i do. i do see a bifurcation on that. there are what we call powerpoint companies, tell you what they will do, and then there are companies that are doing real work in space, with real capability. i think the market will figure out who is real and who is not. that is the next sort of opportunity for investors. it is a difficult industry to diligence, so i would encourage investors to invest wisely. matt: in terms of profitability, you mentioned you look for companies that are already at least pretax making money. are there bigger opportunities in companies that are burning cash right now? i cannot imagine blue origin will make any money anytime

soon, but what we saw today was so impressive. dylan: i think that is right. that is why you see spec deals are well-suited for some of these -- spac deals are well-suited for some of these ventures. blue origin is well-capitalized. there are opportunities for all kinds of investors, long-term, short-term investors, but space is the place. i think it will be 10% of the global economy within the next 15 years. we think every investor should have at least a portion of their risk capital in space. matt: and people will be going there. you mention you are looking at more private bases in space. how long do you think until that happens? dylan: i think sooner than people expect. five to seven years i think we will have several private space stations and orbit. several companies working on that by now. by the end of the decade, we could have as many as a dozen.

matt: thank you so much for joining us. really fascinating stuff. it is interesting, the work you are doing. you can talk about it with a certain amount of -- you are around all day -- but for even regular people, a commercial airlock on a space station is a big deal. dylan taylor, the ceo of voyager space holdings. a programming note for viewers, tune in for a special report hosted by alix steel on the business of space, starting at 7:00 new york time on bloomberg television and bloomberg quick take. this is bloomberg. ♪

matt: this is bloomberg markets. i'm matt miller. it is time for the bloomberg business flash, a look at the biggest big sis stories in the news right now. deutsche bank is joining its rivals in boosting pay for junior bankers. the bank will pay first year analysts in its advisory unit $100,000, second year analysts will get $105,000, a $15,000 increase from previous pay levels. the world's biggest miner is considering a big step. bhp may get out of oil and gas in a multibillion-dollar exit that would speed up the retreat from fossil fuels. the company is reviewing its petroleum business and considering a sale. it could be worth $15 billion or more. the mobile payment company square has unveiled a financial features for small businesses. one of those features is a checking account that links to a businesses square debit card.

they will be no account minimums, overdraft fees, or recurring charges. the cash registers and reader products have become a staple for most small business retailers. that is your bloomberg business flash update. time for stock of the hour. the deal between opioid sellers and u.s. states may be nearing an and with $26 billion as a settlement price tag. dave wilson is here with the breakdown for us. dave: we are talking about a settlement involving johnson and johnson and the three distributors who dominate the market. amerisourcebergen, mckesson, and cardinal health. this has been a couple years coming. there was a 25 billion dollar figure thrown out in october 2019 when there was an initial agreement with four u.s. states. now you are up to five states.

johnson & johnson last year agreed to kick in another billion dollars. you see how things line up. distributors paying $21 billion total over 18 years, most of that in cash but some in product as well. j&j, $5.2 billion over nine years. we are talking about a multiyear settlement. these companies generate enough cash that they can handle those kinds of price tags. j&j last year, earnings before increase, taxes, amortization, $54 billion. put the two together and you are talking about close to $15 billion. the money is there, so it's a matter of settling all of these cases tied to the half a million or so opioid debts over the last 20 years. from what we are reporting, there may be as many as 40 u.s. states signing onto the agreement. matt: a huge deal obviously, a

lot of money, opioid sales bring in a lot of revenue. we will continue to watch that. i want to talk about something else. you are celebrating your 30-year anniversary here at bloomberg covering the stock market. you have 10 years on me, but have you ever seen anything like what we have witnessed over the past 18 months? dave: i would say no. actually during that 18 months i reached my 30th anniversary. last october i was working from home. clearly that is a change. then you look at the market in the way things have changed, meme stocks, traders piling into gamestop, amc entertainment, dozens of other companies. you have never seen anything like it in terms of the democratization of markets. is that necessarily for the better? who knows, time will tell.

but it is a much different market now than when i started covering for bloomberg back in 1990. matt: everything happened so fast, including the stock market crash, incredible recovery back to new highs, a two-month recession according to nab, and then all of a sudden we are out of it with growth the likes we have not seen in decades. it is a lot in a short amount of time. we are glad to have you with us, dave wilson. still ahead, citizens financial reporting earnings this morning with the bank expecting an acceleration in loan growth in the second half. the outlook is key. we will speak to the ceo,, bruce van saun, on the back of this. this is bloomberg. ♪

matt: this is bloomberg markets. i'm matt miller. shares of susan financial are

higher today after the company reported second-quarter earnings. ceo bruce van saun joins us exclusively to discuss what they saw in the last quarter, what they expect in the next half. i would guess, your loan outlook is one of the most interesting pieces of insight you can offer. it has been a worry for a lot of other banks, the slowdown in loan growth, how it breaks up. what did you see in the last quarter, what do you expect to come? bruce: we saw some pretty good loan demand in a couple of areas. we are seeing good demand in mortgage and education refinance loans, which are tied to lower-priced funds. when there are opportunities to refinance, that volume kicks in. the auto market has been strong, so folks are looking to buy cars as they rethink how they want to live their lives.

there has been scarcity value, so prices are going up, adding to the size of the loans we are making in the auto space. we have had some nice growth in our point-of-sale financial business, and explosive area that is catching a bit of tailwind right now next to credit cards. we are well-positioned there with a number of our partners. on the consumer side, we had a record level of originations. unfortunately, still a high level of pay downs. so, the net growth is not quite as robust as we had hoped. as we look into the second half of the year, we expect pay downs will subside a little bit and originations will continue to stay high. on the commercial side, we are seeing reasonably good levels of origination which are back to pre-pandemic levels, so that's a plus. we are seeing high levels of pay downs, including payoffs of ppp loans, so the net is not as strong as we would like to see.

but in the second half of the year, we will see good levels of deals, refinancing, and some of that will start to subside. matt: when they pay them off, do they roll it over? why would you want to pay off, for example, a mortgage, when you can borrow at such low rates? don't people want to login these rates for longer? bruce: the question is are you capturing that refinance opportunity or is it happening away from you? a lot of times you are capturing a refinance opportunity and the loan has moved to another player. what we are seeing on the commercial side is many of the bigger companies are moving away from bank borrowings, accessing the capital markets. so they are going out and raising bond offerings, which we make a fee on, which is good for the fee business, but it hurts the outstanding balances on the loan book. matt: it has been amazing to

watch the 10-year yield continued to take lower and lower. i saw 1.16 today, really yields at 112 basis points. -- real yield at negative 112 basis points. is the bond market telling us growth will not be as strong as we think? bruce: i think it is a bit of a seesaw battle here. certain market participants feel like we are coming out of the pandemic, there is a very strong backdrop around the opening, increased unmanned -- demand, people are flush with cash and want to spend it. that is the bullish case. the bearish case is we are seeing a lot of impediments, new string for the virus, inflation that is transitory or not, labor shortages. that camp says they are a fair

amount of speed bumps, so not so fast. the 10-year offers a haven when they want to take risk off. when they want to put it back on, they put it in the cyclicals, like banks. six weeks ago, people were very bullish, the bulls were winning, the 10-year was higher, bank stocks were higher. six weeks later and that is pretty much reversed. it seemed like the bears are winning, but today, we are seeing a bounce back. i think you will see that pattern over the next few weeks until it becomes clear whether those speed bumps can be overcome or not. matt: how do you think the bottlenecks in terms of supply will be dealt with? you mentioned cars, dealers cannot get new inventory onlots. in the housing market, not enough inventory to meet demand. what does that mean for a bank like yours in the second half? bruce: i think it will gradually

come back. you cannot just take the economy out of a coma and turn the lights back on and expect everything to be firing on all cylinders. i think we will see some gradual improvement. all the markets should gradually get better. i would expect -- i know the inflation question is a region one right now -- but i am in the camp that it is probably transitory. although what we have to be mindful of is whether inflationary expectations start to build in. when we do our merit cycle for next year, i'll be going with the same if we go with 3%, or do we have to build in another one or 2% because people say that is not enough, look at how much things are costing. once that is built in, it becomes hard to take it out. i think the fed is on the case

here. we hope that these things alleviate as we go through the second half of the year. matt: great to get insight from you. you are in a unique situation, so we love having you here. bruce van saun, ceo of citizens financial group. the u.s.-canada border is set to open in more than a year. we will speak to former u.s. ambassador bruce eyman about that -- heyman about that. this is bloomberg. ♪

mark: i'm mark crumpton with bloomberg first word news. the vaccine certificates are to become a requirement for

entering nightclubs and other venues in england are facing a backlash from some businesses. pandemic restrictions inspired on -- expired on monday in the u.k. a group says the new policy would risk creating what the person called flashpoint between staff and customers and put jobs in danger. white house chief medical advisor dr. anthony fauci and republican senator rand paul got into a heated exchange today during a senate hearing on the covid pandemic, when the lawmaker suggested dr. fauci had been dishonest about the role of federal institutes, the national institutes of health played in funding controversial research in wuhan, china. >> senator paul, you don't know what you are talking about, quite frankly. i want to say that officially. you do not know what you are talking about. mark: this was not the first time dr. county and the senator had butted heads. in march, senator paul accused

dr. fauci of theater and wearing two masks for show after he was vaccinated. president biden welcomed the tampa bay buccaneers to the white house today to honor the team for their super bowl victory. during their visit, star tom brady took a shot at donald trump's fall election claims saying, not a lot of people think we would have one, and in fact i think 40% of the people still don't think we won. 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'm mark crumpton. this is bloomberg. ♪ amber: i'm amber kanwar. welcome to bloomberg markets. matt: i'm matt miller. we welcome our bloomberg and bnn bloomberg audiences.

we are getting some breaking news the terminal. president biden plan to nominate jonathan kanter as part of the justice department's antitrust division, according to a person familiar. the news is not public yet -- i guess we are making it public. the latest sign the administration is preparing a broad crackdown on large technology companies. kanter left one of the biggest law firms in the country last year to start his own firm, and is a long time foe of google. kanter representing companies that have pushed antitrust enforcers to sue the search giant. this is a sign that big tech faces a big headache in terms of the department of the department of justice and antitrust division. amber: it will be interesting to see how these big tech companies respond to that.

will google follow the same path as amazon and facebook have with the ftc chair lena con saying that she should be recused from these cases, and specific because of her past involvement and actions against those companies. to your point, kanter has represented clients that have taken action against them. we will be watching them to see how they react. let's take a broader look at the markets, staging a strong recovery. yesterday, we saw a broad selloff. today is a broad turnaround. we are seeing a little bit of waffling in the bronze -- bond market, but the trading volumes today on the upside are significantly lighter than they were yesterday on the downside. so a lot more participation in selling stocks than there is in the recovery today.

part of that has to do with concerns about the delta variant , curbing economic growth, as we saw a resurgent cases in the u.k., as well as united states. we also got some breaking news yesterday. canada reopening its border to the united states, allowing fully vaccinated americans to travel to canada without the requirement of a 14-day quarantine or a stay in the so-called quarantine hotel. certainly a welcome moment for a lot of people looking to not only travel but be reunified with family. let's bring in bruce heyman, the former u.s. ambassador to canada. thank you for being with us. i imagine yesterday was really welcome news from your perspective. but i wonder how long you think it will take to get back to normal? bruce: we all ask that question

every day, how long it will take us to get back to normal. when it comes to the u.s.-canada border and our relationship, we have no more greater ally or important trading partner. about 600,000 americans live in canada, outright living there, or dual citizens. many of them have been separated from their loved ones and families through the pandemic. so this is welcome news for americans to be able to travel to canada starting in early august. this is a process the canadian government is doing. this process began last month, allowing its own citizens to enter the country with two vaccines. this month, coming up in august, it will be americans, and then september, a broader opening for the rest of the world. as long as you have two vaccines and a covid test. they are taking into account the vaccine but also the threat from this delta variant, which is

inflicting so much pain around the world. matt: i have to say, mark crumpton was just talking about anthony fauci double masking after he was fully vaccinated. i don't understand that. why can't we let anyone who has been fully vaccinated and has a negative covid test in? aren't we pretty safe as long as we know they don't have the virus and are fully vaccinated? bruce: i think they are getting there, but remember, even if you are fully vaccinated, we don't know for sure whether or not you can transmit the virus. matt: but you can transmit the virus if you are fully vaccinated, if you get it. the point is, you are very unlikely to get it and then even less likely to transmit it. bruce: that is correct, i'm with you on that, but the point is, the canadian people have now just begun ramping up their

second vaccine. we know that with just one vaccine you are susceptible. i think the government is ramping this up in a proportionate way. in five weeks or so, wev will get everyone who is doubleaxxed in, and they will be able to enter canada. amber: i know that you have maintained your ties strongly with those in canada, both in government and business. when this news hit, what were your colleagues talking about, do you think plans will start right away to get back to business as it used to be, in person, a lot of cross-border activity, or do you think that will be slow to come back? bruce: really good point. understand for everybody, what we call essential workers -- much of the commerce between our two countries has been continuing. this is at or near the largest trading partner in the world.

pre-covid, there were about 4000 -- 400,000 people that crossed our borders on a daily basis. ramping up, getting the system working again, especially now that there are additional requirements to enter the country, i think is appropriate. but i have already made plans to come in september. i'm looking forward to getting back. many people i talk to are looking at airplane flights, bookings. we are very much looking forward to we opening this shared border we have between our two countries. matt: and such a beautiful place. i absolutely adore algonquin. i am typically in germany, just visiting new york for a couple of weeks, but there was a time at the beginning of the year when it was very frustrating. europe was so far behind the u.s., and they were able to ramp up at such an incredible pace, we are almost and that again.

is canada doing it at the same speed now? i know they had problems in ontario, for example, but are they getting back to normal? bruce: yes. what is interesting, remember, they don't make the vaccines in canada, and they were highly rely on other countries. they had a contract to get pfizer vaccines from michigan, but donald trump would not allow those to go. so they had to seek other vaccines around the world. now, thank goodness, the biden administration is working closely with them to supply it. can do this week just surpassed the u.s. in terms of double vaccine, and way ahead in single. it looks like quickly, if not the leader in the world, they will be one of the leaders in the world in vaccine population. very safe place to go. for americans, if you are looking to travel and you are vaccined, you are healthy,

canada is a beautiful place to go. matt: absolutely. i was just reading the atlantic that says canada is vaccinating at such a pace they will actually overtake the u.s. in a number of days. they are really getting there. thank you for joining us, ambassador. former u.s. ambassador, bruce heyman. coming, david rubenstein joins us for a preview of his conversation with jp morgan. he will also speak with pete buttigieg. we will get a lot from david, as well as, of course, his take on the markets, as the cofounder of the carlyle group. this is bloomberg. ♪ ♪

matt: this is bloomberg markets. i'm matt miller. joining us now is david rubenstein, carlyle group cofounder, and the host of the new show bloomberg wealth with david rubenstein. tonight's episode features jp morgan members. before we get to that, i want your take on these markets. europe, bigger than 3% drops. here on the s&p, more than 3% wiped off. not a huge amount but it has happened four times this year, and it looks like retail have boosted us back up to new records. what is going on? david: markets are obviously volatile but markets are up over all. when you consider how much they are up over the past two years, it is scattering -- staggering

we can go up more. i would worry more about the markets when you see a sustained drop that goes on for several days. that is not likely to happen until you have an interest rate increase of some type or something that happened in congress that makes people worry about what congress does. i'm not worried about the market going up or down 500 points in a day. matt: it is all about rates and taxes. david: and general overall economic environment. no doubt covid is a factor, it went down yesterday because of the delta variant, but right now i don't think markets are affected by covid as they are with interest rates, what will happen in congress. amber: to matt's point on retail traders, there are a lot of new people in the market where a daily yesterday can be scary. in your show, in your interview with the ceo of jp morgan asset

management, it is pretty timely. i want to share a clip of how she thinks about the overall market. >> if you look at the past year, many people have had average balance portfolios up 30%. that is what they become accustomed to, they want to hear from someone who can say i can get you another 30%. but if something sounds too good to be true -- another rule you should add to the rules. if it is too good to be true, high likelihood that it is. amber: david, this is such a timely comment. people are used to making 30% in some stocks in a span of a few hours. but it highlights the different between taking money and generating wealth. david: nobody is in the forbes 400 because they made 30% in one year. generally you make staggering amounts of money by doing things over a long sustained amount of time and knowing when you are doing. luck is not a good way to make

yourself wealthy. the point of the interview and the show is to explain to people who are very successful in investing, how they do it, and generally on a block by block basis, not making a gigantic gain on one project. in mary's case, she oversees the largest private acid and that wealth management operation in the world, over $3 trillion. they do this by block and tackling. getting people to get reasonable rates of returns. equities go up by about 6% a year every 10 years. if you are well-managed may be 9% on average, but nobody is going to get 30% forever. if you are, you are going to eventually fall down flat on your face. matt: a lot of people make a large amount of wealth over years in the bond market with fixed income, a little bit

harder to understand. lately i've been reading about that. what do you make of the rates market right now? you expect, with this massive growth outlook, inflation that may or may not be sticky but is certainly here for investors to want to let go of bonds, rather than piling, especially as far as the 10 and 30 years. david: when i worked under president carter, we had 50% inflation, so this is nothing. if you had a standard economics textbook, it would tell you inflation averages about 3% a year. now when we get to 3%, people get nervous because we have been averaging 2%. i don't think people should be unduly worried. the thing that bond traders are focused on is when the fed will ease up on his bond buying program and reduce the quantitative easing, and when will they increase interest rates?

the chairman of the fed, who used to be at my firm, and i don't have any insider information, but i don't think he will want to raise interest rate before 2022 if you can do so. if something terrible happened and they had to increase interest rates sooner, they would do so. right now the markets are assuming two rate increases in 2023. matt: looking forward to your program. you can catch his new show, bloomberg wealth with david rubenstein, aaron tonight at 9:00. coming up, mobileeye is testing autonomous vehicles right here in new york city. we will speak to the chief executive officer, next. this is bloomberg. ♪ ♪

amber: this is bloomberg

markets. i'm amber kanwar. with matt miller. intel's autonomous mobile vehicle unit mobileye is testing and what could be the toughest playground yet, new york city. dealing with that congestion is enough for real intelligence, and it's now the challenge for artificial intelligence, and the challenge for the ceo of mobileye. we have amnon shashua joining us now. if it works in new york city, it can work anywhere. walk us through the process and the extra considerations in this test project. >> thank you for having me. we are expanding globally, testing in tel aviv, jerusalem, munich, tokyo, shanghai. we thought that new york city would be one of our prime testing locations, given the challenges of driving in the

city. it is not only the congestion but the culture of driving which is very assertive. the type of road users, horses with carriages, all sorts of weird looking road users, many pedestrians, jaywalkers not respecting traffic rules. it is one hell of a place to deal with. we started six weeks ago. we just released a 40-minute unedited drive in interesting locations in the city. it is one big learning experience. it is very important for us to battle test our ai in a place like new york city. matt: i think that is the right phrase. i had a terribly unpleasant collision with a ford f-250 a few years back, and i was on a duc heati.

-- ducati. crossed over the double lives without any warning. i would guess that your ai solution wouldn't be able to do anything about that. aren't you concerned that you will have the occasional and possible serious mishap testing here? amnon: there is a safety device in every vehicle, the safety driver is highly trained. we pay a lot of attention with our safety drivers. they are paid more than programmers in our organization, so there is a responsible adult in such a vehicle. but as you say, this is a challenge. how do you define what it means to drive carefully, what can you guarantee? you cannot guarantee that you'll never be in an accident, but we believe that we can guarantee that you will never cause an accident.

this is part of the ongoing work we have been doing for the past four years, putting a regulatory framework of how you define responsible driving. this is part of the worldwide standardization we are having in the u.s., europe, china, all over the world. amber: in this case in new york in particular, you say you were there for six weeks, did the driver ever have to step in, was that a week when occurrence? amnon: we cannot claim now that we have a perfect driving experience in new york city. this is why we are testing. but as you can see in the 40-minute unedited drive, it is pretty good. uninterrupted, very challenging driving. this is just the beginning. we plan to spend many more months in new york city, and we hope at some point to deploy without the safety driver. at the moment, this is a

learning experience for us. matt: of course, when more people are using it than not, it will be so much safer. then the idea is that you see highway deaths dropped about -- drop drastically. amnon shashua, thank you for joining us. for amber kanwar, i'm matt miller. this is bloomberg. ♪

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mark: i'm mark crumpton with bloomberg's first word news. a senior spokesperson for house speaker nancy pelosi and a white house official have tested

positive for covid-19. both have been fully vaccinated and are now in self-isolation. the pelosi staffers also said to have had no contact with the speaker since being exposed. jen psaki says contact tracing has determined the affected staffer had no contact with president biden. russia says the taliban is playing a profitable role in its region by helping secure the border with central asian states and could take control of guinness to elicit a peace effort begins. -- control of afghanistan unless a peace effort begins. china is rejecting accusations by the u.s., u.k., and its allies that it was behind the microsoft exchange hack and more cybercrimes. they say the u.s. and others ganged up on china and launched unwarranted accusations.

a spok