commodities edge. we focus on the companies, physical assets behind the trading with the hottest voices in the business. taking a look at the top market stories of the week. i want to drill down into the impact of the delta variant on oil. china is a good example of that. airline capacity is below pre-pandemic levels for the first time in five weeks. outbreaks have started in eastern china, leading to traffic shutdowns at major airports in at least 46 cities, advising residents to refrain from traveling unless absolutely necessary. it looks like a different story in the u.s. jet fuel demand is at the highest level since the pandemic shut down the economy last march. the story gets more complicated when you look at it on a regional basis. this shows jet fuel prices in l.a. versus futures.

that spike is due to lack of tanker truck deliveries for the fuel, not a sign of crazy demand. some planes actually had to stop during their routes to refuel. arabica coffee taking a hit because of frost problems in brazil. some of those have now eased. now let's get into the ring. it is the west versus iran. the new iranian president takes the reins this week in the midst of escalating tension, a drone attack on a tanker, and a suspected hijacking of a vessel near iran. what is the new state of play for the new president? i want to ask our guest who joins us from london. >> what we know for now is that the israeli defense minister benny gantz says that his country prepared to attack iran.

israel is lobbing other countries to support it in that posture. but i think, from the uranian point of view -- iranian point of view, they often say in response to these sorts of escalations, that they are not looking for a war, they do not want an outright confrontation. others have pushed back against these accusations against iran, that it was responsible for this drone attack, but also this apparent hijacking over the last couple days. irgc has said it is prepared to respond with full force against anyone who tries to attack iran or start a war with iran. for now, it seems to have cooled off in terms of actual, physical movement happening in the persian gulf in the gulf of oman, around the arabian sea, but we're at the stage where the

un security council is discussing these incidents, the complaints the israelis have raised at the u.n. >> some analysts are calling it a shadow war. where does that leave sales with sanctions? >> right now there has been no impact that we know of on iranian oil output levels. production has dropped since u.s. sanctions were reinstated, reimposed on iran back in 2018. the stronger impact of those sanctions have been on iran's export levels. those export levels have dropped dramatically since 2017, a direct result of this effective embargo that the trump administration imposed on iran's energy industry. alix: thank you very much. such an important update to consider.

time for commodity in chief, where we talk to one executive in the commodity world. today it is the american clean power ceo. the u.s. has been a clean energy power goals. president biden wants to eliminate carbon from the grid by 2025. enter american clean power. it unites way in, solar, energy storage, and transmission companies to transform the u.s. power grid. right now, the u.s. has enough clean power capacity to power over 50 million homes. wind, solar, and battery storage and power almost 11% of the country's electricity. wind power is the first choice, with 50% of new additions. solar is a far second with 26% of the market. where this is all happening is also interesting. iowa leads the state with the most electricity from clean power, followed by kansas, south

and north dakota. a huge part of their pitch is jobs. they say over 415,000 americans have direct clean energy jobs, and that could grow to over one million by 2030. policy will be an important part of this. not everyone is impressed. look what happened with the deep-freeze in texas this year. some blamed the unreliability and lack of storage for wind power. i recently sat down with the head of acp and asked what could speed up the adoption of alternative energy. >> on a policy front, it is a lot of what is being talked about in the bipartisan infrastructure framework. we need to ensure we can build the transmission lines so we can connect the wind and solar to the population centers. it's about investing in long-term tax credits to ensure that we can continue to invest and grow wind, solar, storage. frankly, it's about a lot of

improvement and enhancement to the permitting system, so that these projects can get off -- out planning loading into construction mode. alix: let's talk about storage. the rhetoric after the texas deep-freeze was you cannot really store wind. that was credited as part of the problem. it was not the only part, but storage is a significant issue. why is it so hard to get done? >> storage can be an important component of how we create backup energy when the sun is not shining, the wind is not blowing. it's also important to say, because cost are going down, because the innovation continues there, when it comes to storage, the possibilities for additional deployment are huge. but as i said, it has to have

the infrastructure and support to to that. that is why we have prioritized a standalone tax credit as a key policy that will really unlock storage going forward. alix: the other part you were talking about was transmission. what does that mean, what is the problem? >> transmission is really important to move from the windy plains tohe population centers on the east coast. similarly with the southeast and solar. it is really all about how to be connect the electrons where they are being produced to the population centers that need the power. alix: do you need to build new power lines or is it retrofitting old ones? >> it is a lot of constructing new power lines. technology is continuing to evolve over time. there are new, more efficient lines. energy seepage from transmission

lines is actually a challenge we have been trying to deal with for a long time. there are some instances where it is upgrading certain lines. for the most part, we are talking about building new transmission lines. if i talk to my member companies, the ceos building these new storage projects, they say, if we don't have the ability to build these lines and create a permitting process that moves more quickly, the transmission, our existing transmission lines could actually be an achilles' heel to our additional deployment of clean energy. alix: onshore wind and solar have been pretty well adopted. what about offshore wind? it feels like the u.s. is a bit behind versus europe, for example. >> wind resource in america is tremendous. you will see a lot of players across the board. you will see smaller domestic companies take interest, i think

you will see multinationals take interest, and certainly, given the fact that europe has already learned so much in their 20 years of building offshore wind turbines, they will continue to explore opportunities as well. in my conversations, whether with ceos, government leaders across the world, there is just a lot of enthusiasm for the u.s. offshore wind market. alix: time now for commodity ticker. folks in colorado are going nuts over a beer brewed by a wind brewing company. it is called the rocky mountain oyster stout and is said to have flavors of coffee and freshly roasted bull testicles. this beer is actually brewed with balls. it started as an april

fools joke, but beer drinkers liked it and became an instant cult favorite. for others, it is just sacrilegious. that does it for commodities edge. check us out every thursday at 1:00 new york time. this is bloomberg. ♪

matt: welcome to bloomberg markets. i'm matt miller. here are the top stories we are following for you from around the world. we will break down the bank of

england rate decision with lena komileva of g plus economics. we will preview virgin galactic earnings with andrew chanin and discuss the state of the market with howard marks. let's check out what is happening in markets. we are getting near another record for the s&p 500, right now trading at 4417. we need to get to 4423 and change before we hit a new record. still another six points to go before that happens. the u.s. 10-year yield is rising, back above 1.20. central banks get a little bit more hawkish. we will talk about that with lena, after hearing from richard clarida yesterday. the dollar index moving down but not much. nymee at $69.13.

let's get back to the bank of england. the central bank warned modest tightening will soon be needed as inflation is expected to exceed 4% later this year. earlier we spoke to andrew bailey who discussed inflation expectations. >> a big issue here is inflation expectations. that gets us to the question, i'll be going to see second round affects, are we going to see it built into wage bargaining, are we going to see it become more persistent? that is where we have to act. monetary policy cannot solve the world's shortage of semiconductor chips. we cannot solve that problem. the key question is, to all of those things, the second round affects which causes inflation, and we have to act. matt: joining us now is lena komileva, g plus economics chief economist. there is a lot to talk about.

what did you think of the slightly more hawkish turn? lena: it was definitely more hawkish today. we are moving from an environment where central banks were fairly concerned earlier this year about inflation expectations rising higher in response to that unexpected jump. nobody was really looking for this level of inflation earlier in the year. i wrote about this in bloomberg opinion in march. what the bank of england did today was two things. basically, we are in the end game of this stimulus. second, he announced a quiet revolution in terms of laying out policy normalization after the end of the pandemic. over the next two or three

years, we have a path that will shift to the bank of england from a regime of passive quantitative easing to passive quantitative tightening, a shrinking bank balance sheet. the reason this is important, the bank of england is the starting gun for what will happen in the ecb. matt: can that be a useful tool for containing inflation? andrew bailey was talking about inflation expectations. so many central bankers, and the smartest people on wall street, were talking about inflation being transitory. but you are dealing with a public that is to a large extent hesitant to take vaccines even though that we know they save lives. you are dealing with consumers

whose inflation expectations may not be grounded in the real economic situation. lena: what we have to remember is inflation is a continuum. there are a couple of pieces in the financial times, bloomberg in may, talking about how the current drivers are transitory. that is why the bank of england changed today, cap quantitative easing on target to and by the end of the year instead of tapering, very much mirroring the debate at the fed and the bank of england. the bank realizes they have vaccine hesitancy, the delta variant is raging around the world, and also we have the rolling off of fiscal support in

the u.k., the u.s., other parts of the world. there is uncertainty and expectations in terms of demand and supply. what the bank has done, it has extended that continuum argument, recognizing that against the backdrop of higher inflation expectations -- we are seeing the ecb and the fed revising up their forecast. and we have this environment where supply constraints will be there. what the bank has done is given us the starting gun on quantitative tightening. that means going beyond

tapering, beyond the end of easing, talking about how we will see the result of that process over the next three years. matt: thanks for joining us, lena komileva. still ahead, virgin galactic reports after the bell. a preview of what to bought from andrew chanin, ceo of procuream. this is bloomberg. ♪

matt: this is bloomberg markets. i'm matt miller. virgin galactic is set to report its latest earnings after the bell today. investors will be looking closely about any update about its space tourism business. to talk about the space economy is andrew chanin, procuream ceo. they hold the virgin galactic. great to have you in the studio.

what are we expecting, especially because we just got this great pr flight from richard branson? andrew: we had a great pr flight, announcement after about a stock offering which sent the share price down significantly. but we want to know is what are they going to do with the money? are we going to find out when the next text flights will be -- test flights will be, how much will those tickets cost? matt: they also have a lot of competition. right after, we saw jeff bezos go even higher in a more rockety ship. pretty exciting. will there be a war between these space tourism businesses? andrew: there is only a limited amount of people that can afford to go on this experience, but we are trying to find the price differential. from what we saw, the expanse may not be two different. we saw from the blue origin flight, only four passengers

aboard but they plant to have six. in virgin galactic, there was more room to move around. that may be a big differentiator forward in going forward. matt: when i look at the ufo holdings, tourism is not what you are investing for. you have to be extremely wealthy to do this, and even people who are extremely wealthy, oftentimes they are loathed to waste money. what are you most excited about in your universe, so to speak? andrew: i'm excited for people to understand what space is and how it affects our daily lives. satellites that we use drives only technologies that people are investing heavily into today like 5g, cloud computing, even blockchain and cryptocurrency, in many cases, rely on satellite systems. we have a large exposure to satellite systems and most do not have enough exposure.

as well as helping the military and defense side of space, helping us launch things into space. there are lots of incredible drivers going on in the space industry, so that is why we created ufo, so people could get into it. matt: one of the great things we got out of the bezos trip is the idea that we could be doing a lot of industrial activity in space, mining. he is looking to do more than tourism and also more than exploration. he is looking to create industry in space. how can you make a bet on that today? andrew: there are certain the company doing things in 3d printing, but one of the big push is that bezos is doing is building permanent orbiting space stations, where people can be tours and then launch to your next mission. there are many companies, whether diversified aerospace,

defense names, not purely focused on that, but there are several names helping to build pieces of that broader vision. matt: how do esg concerns play into this? around the bezos launch, there were people complaining that his watch had a massive carbon footprint. others pointing out that the fuel they use only created water vapor. surely, it has to be a debate in the business and in your etf. andrew: absolutely. many people don't really realize we was not understand what is happening with climate change if not for space. satellites help us monitor the world and see what is changing. we use satellites to watch the forest fires and figure out how to best defend ourselves from these disasters. space is a major helper in the push to make the world a cleaner place. yes, emissions can be a problem, space debris is becoming an emerging issue, but also, space

can also help us all a lot of our problems. matt: what are your inflows like? andrew: this year has been our strongest years since launching in 2019. we have more than doubled our assets so far. matt: great to have you here in person. andrew chanin is the ceo of procuream. they run the ufo etf. coming up, people speak to oaktree capital cofounder and cochairman, howard marks, with erik schatzker. this is bloomberg. ♪

(announcer) the core is key to losing weight,

getting back in shape, and feeling good. introducing the aero trainer, designed to strengthen your core, flatten your stomach, and relieve stress and back pain. it conforms to your body and increases muscle activity. abs, back, obliques, hips, and glutes. get incredible results in just five to ten minutes a day. the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com.

mark: i'm mark crumpton with bloomberg first word news. longtime afl-cio president richard trumka is dead.

a union spokesperson says trumka died on expectedly while celebrating his grandson's birthday. president trump says that he was a good, close personal friend. he added, at least he was close to people who adored him. speaking on the senate floor, chuck schumer said we have lost a giant. >> he had in his veins and every atom of his body the heart, the thoughts, the needs of the working people of america. mark: richard trumka served as the president of the afl-cio for more than a decade. he was 72 years old. president biden is laying out an ambitious goal today. he wants half of all vehicles sold in the united states to be in missions free by the end of the decade. automakers say that can only be achieved with a bigger government investment in charging stations and other

infrastructure. the president will be joined at the white house this afternoon by representatives of detroit automakers and united auto workers union. a panel of new york state lawmakers considering whether to initiate impeachment proceedings against governor andrew cuomo says its investigation is almost done. the new york state assembly judiciary committee gave the governor's attorney until august 13 to provide any additional evidence. the state attorney general's office was conducting a separate investigation, released a report this week finding that governor cuomo had sexually harassed 11 women. the governor denies any wrongdoing. africa is seeing a record number of covid debts. the world health organization says more than 6400 people died in the past week. a number of new cases jumped 19%. africa is aiming to vaccinate 30% of the entire population by the and of 2021. 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. ♪ amanda: i'm amanda lang. welcome to bloomberg markets. matt: i'm matt miller. we welcome our bloomberg and bnn bloomberg audiences. here are the top stories we are following for you from around the world. in a few minutes, we will speak to howard marks, cofounder of oaktree capital. erik schatzker will lead that interview. plus, more on robinhood, as the treating app drops following an 80% surge yesterday. and we discuss the state of the wedding industry as the delta variant poses new threats to its come back. timothy chi of knot worldwide joins us.

i am supposed to get married in valencia, october 1. i am starting to get a little bit nervous. amanda: i hope supposed to becomess will get married in october. of course, covid is still a factor. a willingness to look at earnings has stocks across america in positive territory, led by energy in the s&p 500. in terms of heavyweight groups, faang stocks, consumer discretionary moving higher. the big weak spot is health care. you can blame cigna and cardinal, and their results. cigna was down 11%, as the effects of covid hit their bottom line. on the other side of the ledger, booking.com is up about 6% on optimism and confidence that people will be traveling, and

will get back to something closer to normal. for what it's worth, we have dueling outlooks on the market. goldman sachs raising its forecast for the s&p 500 with a year and target of 4700. that implies a 7% increase from here. they predicate it on the notion that s&p earnings will grow substantially. if you have been worried about delta, goldman is saying not so much. they are also raising their 2022 outlook. and that comes a day after citigroup is reversing their outlook, saying that we could see some concerns hitting especially tech groups. it is a bit of a he said, he said when it comes to the markets. matt: walking around the bloomberg office, you see store after store not just closed but empty. it looks like a depression has hit the city. now we are getting more and more announcements from the likes of wells fargo, today from

blackrock, amazon, that they are delaying their return to the office because of the delta variant. if that kind of thing keeps happening, the little businesses will never get off the ground. that is one of the big headwinds in this economy. time for our stock of the hour. robinhood had a huge two-day run. it is getting some of those gains back today, as you would imagine. the executives there want to cash in. dave wilson is looking at those moves. dave: hard to believe a week ago robinhood shares began trading. down 8.4 percent on its first day, stayed low the next couple of days, and then 87% gain in two days. people talk about the idea that robinhood, the home of trading a lot of these meme stocks, is itself a meme stock.

think about amc entertainment. the movie theater chain went back and raised money from investors. here we are one week after the initial share sale and you have robinhood filing for investors to sell almost 98 million shares. we are talking early investors in the company. andrews and horwitz. that $98 million is a lot more than the $55 million it sold when it went public last week. will there be demand? you can argue the question, but there are numbers out that show, so far, you have had one hundred million dollars of retail buying on robinhood after the ipo. not the initial sale but subsequent sales in the market. gamestop, that figure was more like $350 million in january, when meme stocks were just emerging. with amc, we have seen numbers

like $600 million. it does raise the question whether the demand will be there to meet the supply, assuming those shares get sold. amanda: the cynics say, when the ducks are quacking, they get fed. in this case, is the volatility in robinhood being reflected in some of the other meme stocks? dave: we are not seeing the kind of moves, really, that we have seen elsewhere. you look at the past week, you can see it. given the declines of amc, gamestop, it may just be that robinhood became the latest play for these smaller investors looking to reap big gains. here we are, it has happened, and now you have the response, the potential for all of these additional shares to be sold.

it is a question of whether robinhood can whether that increase in supply. matt: thanks for joining us, dave wilson, with our stock of the hour. coming up, an exclusive conversation with oaktree capital co-founder howard marks. he will join erik schatzker here on set. this is bloomberg. ♪

matt: this is bloomberg markets. i'm matt miller. joining us now is the cochairmen and cofounder of capital, howard marks, alongside erik schatzker. erik: thank you very much. howard, a delight to see you here in our studio at bloomberg headquarters.

howard: as george burns said, it is great to be here and great to be up in anywhere. i have gone to one client meeting last month, kind of breaking the ice. it felt good, i felt safe. it was really pretty-delta, so i had an optimistic tone, everything went well. erik: what are your thoughts about bringing people back to the office? howard: at the present time, we are planning on bringing people back september 13. we will see if that is delayed by the surge in delta. many of us are eager to get back in the office. erik: it is a hard equation because you may know today, wells fargo and blackrock said they are pushing back their rto plans.

howard: i like your theory that we hope that it burnt itself out. erik: we have to get to the credit markets. you have spent your career, although you don't do it hands all the controls so much any longer, trying to generate double-digit returns. there was a beautiful view weeks in 2020 of panic selling but we are back to pre-pandemic lows. what is it like for you, oaktree, having to put money to work in high yield, leveraged loans with spreads of 420? howard: on the small matter, let me say, i don't think we have ever had a year in which credit losses consume the yield spread. i believe 300 on high yield is adequate to defray future credit losses. erik: that is enough ab premium?

howard: i think we will come out way ahead of the treasury investor after the credit loss is settled. erik: the investor buying low-grade today will not regret it five years from now? howard: there may be days, but in the long run, they will learn much more income than they will give back in credit losses and come out ahead of the treasury investor. i started this at citi 43 years ago, and so far it is holding. erik: i was going to ask you if credit has ever been this uninteresting. is that a fair question? howard: it is a fair question. of course, it has never been this unrewarding. three years ago, people were asking, are we in a high-yield bond bubble? i say, no, we are in a bond bubble. prospective yields were low. today, we are in and everything

bubble. the stock market is high. i noticed in the green room, the number that stuck out was s&p 4400. last march, 220. 0. stock prices are high, certain sectors have come back. infrastructure, real estate, distribution centers, so forth. we are in a low return world, the lowest returns we have seen prospectively, so it is tough on us, but it is even tougher on our clients. pensions, endowments, and so forth need 7% a year. how do you do that when the fed funds rate is zero? erik: it is awfully tough. the chronic underperformance of managers in equities is well documented. with yields as low as they are, with so much liquidity forcing investors out on the risk curve,

is that happening in credit, is it getting harder to outperform? howard: the answer is we will see. that is my usual answer. you know, what we do is called fixed income. the income is fixed. what is not fixed is the downside. the real question, at the end of the day, is who was able to access those promised yields without taking on inordinate credit risk. five years from now, we will look back and see who had low default rates, who had high default rates. i think we can still add value if we can continue to have default rates that are below the norm, as we have. erik: since we are talking about defaults, i'm hoping we can pull up a chart to illustrate that. there are presently only about 100 high-yield issuers with

bonds trading at distressed prices. not quite a record low but awfully close. i ticket based on what you said about spreads, you don't see that changing anytime soon. howard: i don't see it. they always come along but we never know to expect it. erik: you wrote recently in your memo -- distressed charts, the number of distressed issuers. we have seen it lower in a couple of periods of time but rarely. you write that the price of asset classes are fair. oaktree's posture was neither defensive nor aggressive, i.e. normal. where does that put us on the famous howard marks chart of market cycles? howard: this is very unusual,

erik. erik: here we are. howard: right, ok. that is really the market cycle with the psychological cycle superimposed on it, but there is something else that is important, the economic cycle. usually the economic cycle in the stock market cycle coincide. not exactly, there are leads and lags but they move fairly well together. the high in the stock market is pretty close to the high in the economy. then the attorney -- economy turns down, and then the market, sometimes the market anticipates. today, we have high stock prices by anyone's measure. and we are early in the economic cycle. that is unusual. you could say this is bad, because the economy is still --

the recovery is nascent and stock prices are high. you could say, stock prices are high, but we have a lot of economic growth to come. it all depends on how you look at it. erik: part of the reason stock prices are high, interest rates are low because of central bank monetary policy. your latest memo is thinking about macros. william martin famously said it was the fed's job to take the punch bowl away just as the party gets going. if you were jay powell, the fed chairman, would you be taking away the punch pulldown before the party gets out of control? howard: the most emphatic thing i want to say is i am not jay powell, i don't want his job, i don't claim to know better. i would lean toward leaving the markets alone.

i talk in the memo about naturally occurring interest rates. erik: noninterventionist? howard: you might say, you leave the punch for. no, they have delivered the punch to in their activist role. i would like to see the punch bowl removed somewhat so that interest rates are what the economy and participants want them to be, not what the fed wants them to be. they had a hard time raising rates after the global financial crisis, they tried, got a tantrum. early 19, they backed down. i think they missed the opportunity. i wouldn't want to miss the opportunity this time to raise rates as the economy is very strong. they claim it is not strong enough yet on the job creation side. i don't say today, but i say, let's not miss the opportunity to have rates go back up. erik: the central bank appears

to be very fearful of another tantrum. our tantrums ok -- are tantrums ok? howard: it is like with your kids, you have to stop with the screen time. they throw a tantrum. as a parent, you cannot be afraid of your kids tantrum. the fed has to do the right thing for the economy. it's job is not to make money for investors. it has to do the right thing for the economy. when the economy is strong, when unemployment is declining, inflation is threatening, i think, you have to let interest rates look back up, stop with the emergency measures, and try not to be too late. erik: so great to see you. thank you for spending time with us here on bloomberg television.

that is the one and only howard marks, co-founder, cochairman of oaktree capital. matt: fascinating to hear from both of you. amanda, i want to get to a somewhat personal issue despite the current nationwide surgeon kobe cases due to the delta variant. our next guest says weddings, including those with larger budgets, are making a comeback. timothy chi, ceo of knot worldwide joins us. i have a wedding planned in valencia, spain for october 1. do you think i will have difficulties timothy: with the new delta variant, it's been on a lot of people minds what will happen going forward. here is what we learned recently. we just surveyed our couples. 96% of them are still not ready to make any changes to their wedding dates at the moment.

clearly, there is concern, and that is coming in the form of travel restrictions, guest size restrictions on events, but we are hearing a majority are not planning on making any changes unless local, state, federal regulations come into place. amanda: that is obviously great news for you, tim, matt and his future wife. we are hearing jen psaki saying u.s. travel restrictions will stay in place. delta is the issue. we have also seen a shift around the thinking of weddings, the size of them, how many should be in attendance. does that affect our business model going forward? timothy: what we learned in 2020, it was a real shock to the global industry as a whole. we have properties in 16 different companies -- countries, so we got a real good view about how weddings are impacted by the pandemic.

we learned the industry was resilient overall. while weddings were not able to happen, they were not canceled, they were just pushed forward. we are experiencing that boom here in the u.s. right now. about 25% more weddings scheduled to happen, again, delta bearing aside, between now and the end of the year. another 25% flowing into 2022 at this moment. for us, it is not a question of whether they will happen but when they will happen. matt: are the budgets as big? a lot of people will be afraid to come. if i had a guest list of 300, i would say at least 50 would politely bow out. are the budgets a little bit smaller? timothy: our research indicates the budgets themselves, two out of three, have indicated they are willing to increase them.

budget is a function of guest size, so you have that tension, but the sentiment from couples is, i have not been able to see my friends and family, celebrate, be in person. i want to go out and splurge a little bit. that might be having that second photographer, those exotic flowers. really just the opportunity to be there with their closest family and friends and being able to celebrate on that day. amanda: what is your plan as a company for return to office? will people be back at their desks, stay virtual? timothy: our company has done a phenomenal job in the virtual environment. we are obviously keeping a close eye on the delta variant right now. our plan was to start to test some things out later this year, post labor day. it wouldn't surprise me if we reconsider timeline even though variant. matt: thank you so much for joining us, timothy chi, ceo of knot worldwide.

i know many people in this office are concerned about weddings coming up in the next matter of weeks, months. all of them, i have to agree, my anecdotal evidence reflects what tim is saying, they will go forward. at this point, people have pushed back weddings once or twice or three times, but they are not willing to do it anymore. amanda, i hope you can get the day off. four amanda lang, i'm matt miller. this is bloomberg. ♪

in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. and there you have it -

wireless on the fastest, most reliable network. wow! big deal! we get unlimited for just $30 bucks. i get that too and mine has 5g included. impressive. impressive is saving four hundred bucks a year. four bucks? that's tough to beat. relax people, my wireless is crushing it. okay, that's because you all have xfinity mobile. it's wireless so good, it keeps one upping itself.

mark: remain in the country for

as long as 18 months. the president cited beijing's crackdown. he said offering a safe haven for hong kong residents who have been deprived of their freedom -- it is unclear how many people the president or will affect. more florida residents are hospitalized with covid-19 than any time during the pandemic. about 40% of intensive care beds in the united -- in the state are occupied by covid patients. many hospitals are struggling to get enough oxygen. bill gates says his relationship with jeffrey epstein was a huge mistake and that he regretted having dinner with him on several occasions.