what does las vegas sands have to do to do better in china after the trump years sheldon adelson so supported the key thing for macau will be recovering from covid-19. that is true for las vegas in nevada. as a side note in nevada and the u.s., one possible development that has not occurred under sheldon adelson's previous watch was a move into online sports betting, something he had not been in favor of. tom: is there a joe biden view on that? brian: i do not know if there is because of theut popularity of online betting and sports betting and the extent to which other gaming companies have pursued it, the las vegas sands was notably absent. it is possible that direction might change under new leadership. tom: whether it is warren beatty dashing across the screen of hollywood cinema, their take on las vegas, or the giants blake shelton abelson, there is the future of gaming worldwide. to me it has become corporatist. is that correct? brian: it is fair to say. in macau and las vegas there are several large corporations involved in the majority of capacity and that has been true for a while an

. >> it ever >> we want to tell our viewers las vegas sands has announced the founder, chairman and ceo has died at the age of 87 due to complications from nonhodgkin's lymphoma he is a major donor to republican politicians including the president. jim, took it public in '04 became extremely wealthy also a huge proponent for israel he's going to leave a legacy well beyond gaming >> yeah. i think that anyone who has visited israel knows his name is everywhere he had a vision that china, that mccau was going to be a place of great opportunity, not just the united states. steve wynn shared that vision. steve wynn not heard from because of issues involving nothing to do with his business. well, nothing to do with the business of wynn but these are remarkable people who had a great vision i think people will say how can you not mention he backed president trump? i don't know belichick, the people make mistakes nelson pelt came on air and said i voted for the wrong guy. but adelson stood for worldwide prominence of what the united states, let's say, believed in capitalism and i think that i'v

president donald trump and israeli prime minister benjamin netanyahu at a las vegas sands the world's biggest company. madagascar is facing its worst drought in a decade that's according to the un's world food programme the organization reports harvest on the island in 2020 were the worst in 5 years causing eye stock rise in malnutrition rights in the region. flooding is left more than $10000.00 homes in southern serbia without power days of heavy rain and snow in the balkans region have caused rivers to burst big banks in and i think houses and fields and disrupting transport. all the largest mafia trial in over 3 decades is starting in italy the defendants include more than $350.00 suspected members of one of the world's most feared organized crime groups the and. they're accused of advances dating back to the 19 ninety's including drug trafficking extortion and money laundering. and a spoke to the lead prosecutor in the case and also a former mobster turned informant who now fears for his life. he has to move quickly the chief prosecutor of new connector t.v. has powerful enemies i

las vegas sands, we've beat that one pretty hard.nd bp, are we going to see 65 or even 70 for brent we could or west texas into those 60s as well we could and i think the reopening demand, they worked through an awful lot of what would have been surplus and is now very, very thin, scott so i think reopening when the vaccines roll out in a bigger way, this one benefits big time. >> big day for energy obviously. oil getting to 50 for the first time since february and energy was one of the leaders today as well how about laggard, doc we talked d.r. horton already. abbott labs did nothing in the quarter, walmart only up 3% in the quarter. had a nice move ahead of that in the pandemic play and things like that. what about now for walmart take that one exclusively for me >> okay. that one two of those retailers, of which i won't mention the other scott, but walmart i think that they have brought to the masses the idea of owning a subscription product to get your food and other things delivered to your house. so this is one that i would als

las vegas sands became the biggest casino company. uganda's opposition front runner has warned of possible vote-rigging. the singer turned politician is the main challenger to longtime leader, he was seeking a sixth term. authorities have ordered internet providers to shutdown down social media ahead of thursday's poll. these were controversial new farming laws in india. the laws benefit large, private buyers at the expense of producers. nearly 60% of india's population depends on agriculture for their livelihoods. >> for these farmers, so much is at stake. their livelihoods, their future. now, a cautious eye of relief as possible. especially from those in northern india. the judges have suspended a controversial reform of agricultural loss. at least for now. after several rounds of talks between the government and farmers unions failed, an independent committee is set to mediate. but the relief is muted at the protest camps. they were set up on the outskirts of delhi. the court decision does not address the farmer grievances or deman

. >> >>> breaking news on las vegas sands. ilf the board of las vegas sands voted rob goldstein has been named chairman and chief executive officer just ahead of its quarterly earnings report tomorrow this will be the first wowed shell don addleson leading the company. the founder of the brand died january 1th. old goldstein has been his right hand man for years the stock moving up half a percent in extended trading. three things we will look for in earning tomorrow the recovery of business in macao and singapore, the impact of coronavirus there we want to know the future for las vegas sands in las vegas and in the u.s. in general including when they will make a play for a casino license in new york and how the direction of company might change under new leadership thursday we will have the exclusive first interview with sands ceo and chairman rob goldstein on "power lunch. an important conversation for the company. certainly it is important, and of course lots of insight we are expecting for the industry as well, wilf. >> cont

las vegas casino mogul, president trump's largest supporter, has died. selling newspapers on a street corner during the great depression. he became the ceo of las vegas sandselson was the first to combine luxury resort hotel casinos with convention centers. he was 87 years old. >>> if i bought a lottery ticket, must be a big jackpot. mega millions drawing now worth an estimated $615 million. tomorrow night's powerball, $550 million. if you won both, sure, why not? that's more than $1 billion before taxes. your chances of winning mega millions nearly one in 302 million. powerball is much easier, 1 in 292 million. you are 600 times more likely to be struck by lightning. find out how likely it is we'll be struck by lightning, kari is here. hi. >> why do we always have to say that when we talk about the lottery? we know the chances are so slim. but still, there is a chance. you know what? we had a chance of rain in the forecast today, but not all of us have seen it. i guess basically like the lottery. we are seeing some light showers moving through with the north bay getting the best chance of getting in on that rain. i wanted to zoom out and show you what's g

you look at the executive shakeups going on over at las vegas sands, still mourning the loss of sheldon adelson, and now naming a new ceo that will be robert goldstein, incoming chairman and ceo. patrick dumont will be named president and coo and a new cfo is named. romaine: will be talking about this for quite some time. remember the old days, they have ng up. will have a voice from ubs joining us in just a moment to break down what to expect from the fed. this is bloomberg. ♪ romaine: all this talk about gamestop and all these other penny stocks, people forget about jay powell. do you think will see a 200% jump in stocks? joe: i hope the first question is what is he going to do about this outrageous speculation going on. people are wondering about the future of balance sheet policy, people wondering about another taper tantrum and how they're going to stop that before the eventual normalization of policy. who knows, when it could be something more and more people are thinking about, but still more action is expected here. joining us is our guest, thank you so much for joining us. what

really supported here by marina based sands in singapore mccaw missed those estimates and las vegas shows a $50 million loss when what was anticipated was a gain of $4 million or so sands has been paying all its employees through the pandemic no lay-offs. the newly named chairman and ceo rob goldstein joins me tomorrow for an exclusive first interview on "power lunch. the stock is up more than a percent in extended trading. probably driven in part by that positive ebitda number >> thanks so much for that >>> josh brown, final words. big movers today during the session and after. any of them pulling back of companies you liked long term and be looking to top off on >> how about i leave you guys with a trade in a name we almost never talk about if you think this is just the start of a new wave of volatility, the name to watch is virt i do not own the stock yet this is one of the premier, high frequency trading houses does very well with increased volatility look at the back flips this stock did back in january, february, march of 2018. that's the type of move the stock makes if you think we

president donald trump and israeli prime minister benjamin netanyahu at all since las vegas sands become the world's biggest casino company. madagascar is facing its worst drought in a decade that's according to the un's world food programme the organization reports harvest on the island in 2020 the worst in 5 years causing ice stock rise in malnutrition rights in the region. well over $350.00 suspected members of one of the world's most feared organized crime groups the mafia going on trial in southern italy the defendants include politicians lawyers and businessmen alleged to have helped the investigator they're accused of crimes dating back to the $99.00 he's including murder drug trafficking drug trafficking extortion and money laundering the proceedings are expected to take more than 2 years. he has to move quickly the chief prosecutor of companies out of new cannot or t.n.t. has powerful enemies illusion number one mafia hunter is leading the fight against the notorious calabrian network then that on get to his own a woman. there are men of the get there within the public administr

what will sheldon adelson's legacy bb on the las vegas sands and entry into macau? >> two things. egacy in las vegas. he was one of the first to jump on the idea that the convention business was a lucrative market on its own. it was sort of an afterthought in vegas designed to fill rooms midweek. think convention goers didn't gamble much and were not worth the business. he built the sand center and the venetian next to it, built these rooms that were bigger than normal, had fax machines, safes, meeting space, all of that that was a revolution at the time. it's become a huge business and everyone has copied him. guyourse, the first western to open a casino in macau, opening the stage for others to follow. vonnie: do we know what happened at the end of october? there was an effort to sell some of his casinos in vegas for about $6 billion. did anybody do anything with that block of property? chris: not off the table. that process will continue. can get the number they want, they will still sell. vonnie: how closely did he have likes of mitch mcconnell, the party elders in the gop? tha

like the samsung galaxy s21 5g for free when you trade in. >>> las vegas sands reporting a loss it reported rob goldstein after the death of sheldon aidsheldon this month contessa brewer has the exclusive with the newly appointed ceo. >> rob, great to see you, congratulations on the board naming you to this position. you're coming in at such an incredible time with the pandemic raging globally you had started to see some recovery in macau. it's normally some 65% of your business can you tell us where it stands and the licenses with macau? >> we're obviously a long way away from 2019 we have the best in class assets in macau the londoner is under way, observed you have partially. obviously the pandemic has reaped havoc with our numbers. access is still restrictive. covid testing is still in place. it's challenging the good news is china is the primary audience china is getting healthy from an economic perspective also, the demand is there. the access is more challenging do we believe in macau certainly. do we believe it comes back? yes. the question is when, we don't have the answer for that

and sheldon and often is taking a leave of absence from las vegas sands.is resuming treatment for cancer. he is 87. robert goldstein will take up duties as acting chairman and ceo. that's your business flash. guy: thank you. coming up, discussing what democrat control of the house and senate will mean. we will talk with a chief economist. that's coming up next. this is bloomberg. ♪ alix: from new york, this is "bloomberg markets." here is a statistic, elon musk has overtaken jeff to become the richest person in the world. this comes on the same day when is saying they are well below where the stock is trading. guy: it has been a rally that has extended out of 2020, tech seems to have still quite a lot of momentum. that is interesting given what is going on. and if you think back to yesterday, how big a factor is that -- the rich keep getting richer, everybody knows not -- does not feel the same way. alix: it was staggering yesterday to see the markets blink and move it from the staggering, unprecedented pictures out of d.c. let's dig in deeper. providers a

las vegas sands chief sheldon adelson, the son of a massachusetts cab driver, went from delivering newspaperson neighborhood of dorchester to starting the sands, the venetian. he was a staunch supporter of and donor to the republican party and to candidates ranging from donald trump to mitt romney. but the biggest recipient of his philanthropy was the state of israel. i was one of the last business reporters to interview adelson. i met up with the famously private billionaire when he came to new york to attend a friends of the israeli defense forces gala. he died of complications of nonhodgkin's lymphoma at 87. we'll be right back. my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter... she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. so you're a small bor a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious an

. >>> las vegas sands up slightly despite a bigger than expected quarterly loss, the company's new ceocovid recovery process is underway in singapore. >>> and levi strauss, earnings and revenues topped the latest quarter but the current quarter disappointed investors. >>> in washington, president biden is temporarily freezing u.s. arms sales to saudi arabia and examining arms purchases into the united arab emirates as his administration approves billions of dollars of weapons transactions approved by former president trump. such review is not unusual for a new president and many of the deals with likely to still happen stay tuned, "worldwide ge wreomg ckn ba i a moment no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ ♪ these folks, they don'

. >>> and las vegas sands handing over the control of the company, following sheldon addelson's death "worldwide exchange" returns. ♪ a live look at hong kong the foggy sky over there, the day wrapping up as our day is just really beginning. new this morning, as the company resolves ongoing issues with matters such as user privacy that's according to the governor of china's central bank who made yesterday. pulled by regulators days before it was due to begin trading in hong kong, amid a lot of scrutiny by chinese regulators the financial times is reporting that ant group is expecting to spell zel its firm i verify, the move comes amid growing tensions over china's technology companies and tightening scrutiny over u.s. data. >>> sticking with china, president biden's pick for commerce secretary is promising aggressive action when it comes to protecting american interests. those remarks, the latest by biden administration officials suggesting a continuation of former president trump's tough china policies eunice yoon joins us from beijing with much more what's the reaction been to those

he was the founder, chair and ceo of las vegas sands. at one point he was the third richest man in the world, and almost invested in the new raiders stadium before pulling out. he was also considered the nation's most influential gop donors, at times setting records for individual contributions. >>> two bay area organizations are stopping the use of covid-19 tests from the startup cureativ and the fda warned they could provide false negatives. this comes one day after los angeles county stopped using tests at pop-up sites like this one. now the examiner reports the san francisco unified school district is pausing its pilot program with cureativ. the health department ended its partnership with the startup according to the press democrat. >>> the university of california isn't planning to return to primarily in person classes until the fall. leaders say advancements in the availability of covid-19 vaccines gives them hope for the next academic year. on campus learning with limited exceptions has been suspended at all ten uc schools since

las vegas ceo is taking a medical leave immediately. the chief operating officer robert goldstein will take the reins at las vegas sands and sands china fore.s. chipmaker macron in trade after issuing a bullish forecast indicating improving demands for its products. it says revenue will be about $5.8 million in the fiscal second-quarter, about $300 million higher than the average analyst estimate. the market is upgrading its view on tesla saying it misjudged its call. an analyst admits there is no graceful way to say it but our bc had this completely wrong. the broker has maintained a cell underperform rating during which time the stock surged more than 1200%. haidi: sticking with autos, hyundai is moving the most since 1988 with shares up as much as 24%. transport reporter is on the line. what about this tie up with apple? >> at this moment, we don't know much. both sides are checking on the report. this is something that both companies have been focusing on going forward as their future business going forward. it is an important part of the but whether there will be any collaboration, we will have to wait and see. haidi: in terms of the

the men who built las vegas sands into the biggest casino company in the world has died at 87. had been suffering from non-hodgkin's lymphoma. he founded the company's industry then-largest event before selling it for $800 million in 1995. he plowed the profits into casinos, first in las vegas and then in asia. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. kathleen: thank you so much. now, taking a look at the markets and how they are shaping up, we go back to sophie kamaruddin in hong kong. sophie: midweek, asian stocks are modestly higher. we're seeing fluctuations for sydney shares. check out valley -- value equities in asia. after that rally that began in october. no consensus yet as to where the best value play is our acosta region. socgen saying sentiment is mixed, but key investors include south korea, malaysia, singapore and taiwan. let's check on some stock movers of note in seoul and tokyo. lg chem gaining ground on the news around its

the man who built las vegas sands into the biggest casino company in the world has died at the age ofon adelson have been suffering from non-hodgkin's lymphoma. the son of a boston cabdriver, he founded then-largest event before selling it to softbank for $800 million in 1995. he plowed the profits into casinos, first in las vegas and then in asia. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. rishaad: still ahead, the outlook for india's i.t. industry as a global pandemic continues to hammer the economy. we speak exclusively to the chief executive of science. haslinda: next, vice president mike pence says he will not invoke the 25th amendment to remove president trump from office, easing as democrats set an impeachment vote as soon as wednesday. we will have the latest from washington. this is bloomberg. ♪ this is bloomberg. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you

underperforming, including las vegas sands, booking holdings and carnaval earlier this morning they gavence indicating a bigger many expected loss from the previous quarter consumer discretionary has opinion an underperformer after being a top sector in 2120 more "squak on the street" after the break. see you then more "squak on the street" after the break. see you then 0. more "squak on the street" after the break. see you then ♪ you can go your own way it's time you make the rules. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and you'll get nationwide 5g at no extra cost. all on the most reliable network. so choose a data option that's right for you. get nationwide 5g included and save up to $300 a year on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile. >>> welcome back to "squawk on the street." bitcoin down 15% wiping off more than $200 billion from the entire crypto market in

. >>> we've got some news just breaking to tell you about las vegas sands says sheldon adelson has diedn's lymphoma he was 87 years old. he had a huge influence on las vegas. had a huge influence on politics he was one of president trump's great supporters becky? >> yeah, obviously shocking news to hear this coming today. again, sheldon adelson passing away at this point we're very sorry to hear it. >>> let's talk a little bit about some other news out there today too. the electric vehicle sector is one of the hottest parts of the market and it's not just tesla take a look at some of these stock moves. chinese automakers lee auto and xping have doubled while battery maker quantumscape has grown nio has risen too. joining us is gordon johnson, the founder and ceo of glj research and gene munster. i'll start with you. let's talk about the sector. do you think the ev sector is over valued? >> i want to start with an important learning that i've had in tracking these transformational tech themes and it's they tend to take much longer than we anticipate to come to fruition and in the end the

thank you michael waltz join us there a chiron on oir screen of some very sad breaking news, las vegas sandskts related to treatment of non-hodgkin's eliminate followa sheldon adelson is dead at 87. we'll be right back. , proven to help you live significantly longer , when taken with fulvestrant. verzenio + fulvestrant is for women with hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swell

two quick stocks to watch this morning in addition to game stop and the other story stocks las vegas sands expected quarterly loss the company's ceo saying the co covid recovery process is underway, and things are getting better there, they're saying now. take a look at levi strauss, their shares dropping, earnings and revenue topping estimates but the forecast for the current quarter disappointed investors, and you're looking at that stock down 4 1/2%. becky? >> up next, andrew, reddit's cofounder alexis ohanian is going to be joining us for an extended interview on the wide moves in heavily shorted stocks that were started by a public forum on reddit. yeah, that's right it was the rise up against the shorts movement. we're going to talk to alexis about what he thinks about that and what he thinks as an investor find out what he's doing that's after this very quick break. my retirement plan with voya keeps me moving forward... even after paying for this. love you, sweetheart. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandp