their second shot. that is after the center for disease control prevention director rotted eligibility for the shot beyond the recommendation of the cdc advisory panel. the decision of which booster shot to give, when to start shot, and who will get the shot, has led to the scientists and the doctors. that's what happened here. about 100 million people in the united states have been fully vaccinated the pfizer shot. only 20 million are immediately eligible for a booster, because six months as elapsed since their second shot. resident biden and most americans who got the moderna or johnson & johnson shots are asked to be patient. the u.s. justice department has reached a deal to absolve criminal charges against one defendant. there is a deferred prosecution

agreement. she will not plead guilty. it is still to be determined if she will be allowed to go back to china. former president donald trump has hired an outside firm to search his documents to see if he complies with subpoenas issued by the new york state attorney general. that came from a state court judge. the trump organization has until september 30 to respond to subpoenas issued by james as part of a civil probe to determine if the company has manipulated things for a tax break. global news, toy for hours a day, on air and global quicktake, powered by more than 2400 journalists and analysts and to -- toy for countries. this is mark crumpton and bloomberg.

>> welcome to bloomberg markets. and i am matt miller. welcome our bloomberg audiences. here are the top stories we are following. china outlawed crypto. once again. we will bring you more on the crackdown. the ceo will provide us more. we are looking at the german election to determine what the future of foreign relations is for jon corpina one of the u.s. investors to germany. plus, we will discuss the issue facing voters in the election. more ahead on politics. amanda? >> it is a lackluster session. i see some modest gains being maintained for the s&p 500 but very modest indeed. the internals are next. energy and financials are leading, and communication and

consumer discretionary spending are positive territory. as you can see, nasdaq is weak overall, and we are occupied by that 10-year yield. still some things out there as we come off the board. an important week with jay powell and more color on the path to the taper. get nike. it had a 6% close. it is driving the market, and that is earnings and the extent to which the logistical issues will continue to show up. the pandemic is not over for corporate america, and it is showing up. if that is the case, bitcoin and other crypto is moving. we are seeing things tied up, and it is not good news, although you could argue that this gloom is worse. it is super serious. what does it represent? we may see a decline but not up close. we have an expert in the space.

richard k is a ceo. what strike me that struck me was the ppc trading down, but it is not trading as though it is the largest part of the economy in the world, it that was set up forever. you would expect that. what do you think this represents? what is china actually saying? >> hello. yes. the issue we have had with china has been saying this on a few occasions. this is not the first time we have crackdown. we close down mining's. i do think the key part of it is it is not a one-off, big announcement. it is part of a series has been going on for years. how serious are people going to take it? >> it seems more absolute, richard. they have said before, no mining. they've also said, they do not

want any transactions with institutions or payment systems, but now, they are saying, essentially, any transaction with crypto is illegal. that seems to be a step further that i recall china ever going before? . bitcoin is only falling to a level we saw earlier this week. his china not getting a little more absolute with this? should we be more concerned this time? >> i think they have become a bit more absolute. on the other hand, is china not being involved in having control of the supply of bitcoin and the mining, with benefits in the long term. people are seeing a short-term drop, so we see a 6% today, but in the long term, people are looking at whether bitcoin,

china will not have an influence over bitcoin. there could be some positives over this as well. amanda:one potential negative, of course, for those who are trading in spaces the fact that other agencies and bodies of world governments have yet to finally weigh in. we know from comments from lawmakers in the united states, from ginsberg at the fec, there will be regulations coming. is this the beginning of a concern that it may not be the type of regulation that advocates of the space are hoping for? >> yes. this is big issue of what regulation was coming, and who would bring it in, what coin would be available to investors. we know china is looking at having their own going. earlier, you are saying on the show that the other countries are going to produce their own coin. i honestly, working in the

industry with regulation, m still not a hundred percent aware this is going, and how the governments will bring in regulation, there is power and control and taxation issues out there. it is still things that have quite a few more questions and answers going forward. matt:the senator from pennsylvania tweeted an hour or two after this that, after this headline came across, china's crackdown on crypto is a big opportunity for the united states. it is a reminder of huge structural advantages over china. do you agree? >> yes. i do agree. i think this is a big change, and there will always be opportunities. united states will be in the -- with the technology and spread.

there will be a big advantage there. as i said earlier, china not having control over a lot of the marketing -- mining of the market, it will open up opportunities to the united states and the rest of the world. matt: i hate to ask the cliched question of where this is going in terms of a price target, but i want to know your thoughts on that, especially as we have seen bitcoin become more correlated with stock and risk asset. it seems like it is less of a hedge as may be enthusiasts with think of it. rather, bitcoin rises when people want to buy stock, and when the market goes off, it going cells off as well. >> yes. i agree with that, 100%. it has changed to more correlate out there.

as far as price targets, we are talking in the short-term. i feel as if we could see a drop-down to the 30,000 level. we saw it earlier in the year. i do think we will start to see it go back up and maybe come back up to around 50,000. it could take three to six months. but yes, definitely. matt: thank you for your time. richard k, the ceo of ask mo. -- exmous. we discussed a little bit more of an absolute way. all crypto transactions will be henceforth considered illegal. we'll push ahead to the german election. we have a special guest. the former ambassador from the united states, john kornblum. this is bloomberg.

matt: this is bloomberg markets. i am matt miller with amanda lang. our main candidates across germany are on the second last day of campaigning before the election to determine who will succeed angela merkel as chancellor. last night, for the filed debate of the election, here is a look at some of the highlights. >> europe is looking at germany and more governments will be formed. >> we have to make sure together, with france, we are progressive. >> i want to make sure that we create a united european approach towards china. >> we are the big country in the

middle of the european union with the biggest population and the biggest economic strength. >> we need to start projects together, also arms projects, to act when the united states steps back. matt: shorting us now is john kornblum, and he has held many roles in his career, including being ambassador to germany. that was under president clinton. thank you for joining us. it strikes me as, i may be a bit of a senate, but almost every statement that we just heard was something that politicians don't at all intend to do when they come to office. clearly, jeremy is going to rearm its military presence, and clearly, the commitments to private are kind of empty, considering this is a polluting country that burns coal and has done away with nuclear power, so what are we to take from this

election? this campaign? john: you hit it right on the head. the trouble that lots of people have with dealing with this, is they assume it has the same political dynamic is britain or france or the united states. that is sent we not the case. germany is a country where stability, not changing, being predictable, they are the main characteristics by which politicians run. politicians say these things because they are told to do so. they have no intention of doing any of it. that does not mean that will not happen, but it happens more when the social pressure is higher, rather than what the politicians say. so, you are right on your assessment, and it is an important point to take all of these statements with a grain of salt, even more than you do in the united states, and you don't

believe them either. germany, you should really not believe them. amanda: it does appear highly likely that it will be a coalition, and the question is how strong a coalition. there is a strong voice of chancellor merkel. would germany play a strong stabilizing role in the european union? on the other side of this pandemic, there are countries whose fiscal situation has deteriorated terribly. how important is it that germany plays a strong stabilizing role then? john: it is very important. this is back to the way germany sees the world. they believe that they are playing a strong and uniting, stabilizing role. they remain united and stable. there is no men's tension -- there is none immense tension, and the is important.

they need money to be advocates. that is more important. the split is far less then other countries in the north and south. there is also an east and west split involved. germany thinks it is doing everything right, and germany feels quite satisfied with that situation. it is not happy about a number of things in the world, but it is feeling that it is doing things correctly. this is what makes the debate so difficult, because you have other countries showing problems, and everything is going to spine. others do not think so. at least a lot of conflict, but mostly it leads to instability. matt: having said all that, to your mind, what are the most important differences between schultz and logic. what are the differences between the democratic box block -- block and the sec?

john: the difference between logic and schultz is that schultz is more like miracle. -- angela merkel. the two parties are more different because spd took a very dramatic leftward turn over the past five years, and when schultz ran for chairmanship three years ago, he was beaten by two people who nobody had ever heard of. they had very strong left-wing leaning interests. if the policy of the spd to take over germany, you would find more government spending, a little bit less military spending, a little bit more turning to policy that was recognized on the progressive side of the democratic party. the real problem seems to be

that schultz and his party have nothing in common. if he does become chancellor, he and his party are going to have to find out what they stand for. that will be a very difficult process. matt: we really appreciate your time. thank you so much for joining us. john kornblum there. u.s. ambassador to germany. we will have live analysis as polls close on sunday. the coverage will start at 6 p.m. berlin time, noon in new york. but we are not done talking about the german election. we will hear about what one man sees as sunday roles in. this is bloomberg.

matt: this is bloomberg markets, and i am matt miller with amanda lane. we are covering the german election. with us now in berlin is peter. he is the head of politics and

social research at the german polling institute. it is one of the most important polling institute here. and everyone pays a close attention to it, so we you are incredibly busy. what do you see right now. what do you see the horse scope is as we head into the final 48 hours? peter: it is a close race. the democrats are leading by a few points, and the democrats -- the margin of error is very close. amanda: given the difficulties of forming a coalition, what sort of coalition will it represent for the rest of the world? for those who are not super familiar, what will that government look like? peter: this is the critical question. it is one of the few we cannot answer is pollsters. as you see, we have such a difficult race, with two parties

, not do not almost, with the greens in the third-place and alibris -- and the liberals. it will be a three party coalition. the red party does not seem a viable pop -- option. this is the most interesting question for monday. who will talk with whom? what will the coalition look like? there are 45 options, mathematically, politically viable, but -- matt: we will be covering every day for the next several months, believe me. i wonder what difference covid has made. i cover the last election, and at that point, immigration was still fresh after miracle -- angela merkel lead and the refugees and the white refugees. the nightmare did not really come true, and they would've had very little campaign on this,

but they have a clear danger and this movement that has coalesced around the pandemic. is that the biggest noticeable effect that we are seeing from covid? peter: of course. we have been able to attract these people and people are coming from the afd. most of these people are in the minority in our country. the afd is pulling around 10%. they are loud, but they are rather minor in our society. matt: do they get any bonus points with voters, and do they appreciate the way the pandemic was handled? do they disapprove of how the pandemic was handled? how does that work out? peter: they approve of the way the crisis was handled last year. that is led to a great number

swell for democrats in the polls. but, when people saw that there were problems with the vaccination progress, numbers dropped, and once people realized that angela merkel was not the candidate, the numbers dropped. numbers dropped. we are looking for what they are going to be in the future. amanda: they going to be with us -- we appreciate it, and we love coverage on bloomberg. over the weekend, matt, this will be the last day before you are offered two weeks. a rather important reason, as you head off to celebrate your wedding with family and friends. we want to take this opportunity to save, we guess our invitations were lost in the mail, but we are delighted for

you. you deserve it. matt: thank you. i will be putting that gorgeous dog in the car and just a couple of hours and driving him down the street. the ladies are going to fly. i will miss you all very much, and i look forward to coming back. i will be a married man into weeks, joining you again. amanda: we will miss you little more. matt: thank you very much. for amanda lane, i am matt miller. this is bloomberg.

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mark: president biden says 60 million americans who got the

pfizer biontech covid-19 vaccine will soon be able to get a booster shot. this comment at the white house today came after one of his top health officials overruled an advisory panel to expand eligibility. 100 million people in the united states have been fully vaccinated with the pfizer shot. distur -- mr. biden asked other americans who got them a and johnson & johnson shots to be patient. google says the number of americans looking up at home covid tests near me has doubled in the past month and people asking how long rapid test results take is up by 250%. in most states, users were more interested in searches related to tests rather than vaccines.