i am vonnie quinn. , this is bloomberg.aad: amazon providing a big increase in sales and -- amazon -- i am vonnie quinn, this is bloomberg. rishaad: it might be ameliorated. some people can go on main street. >> actually, amazon says they believe people will continue this pandemic fueled buying friendly online -- frenzy online even after they returned to work. the first quarter revenue jump ed. jeff bezos had warned investors that the covid-19 pandemic would be costly. he wanted to build up all the warehouses, they added hundreds of warehouses. they spent a lot of time to make their warehouses say for the workers. all of these big bets paid off because the earnings were at a record $15 and $.79 per share. blowing away estimates. some of the other numbers that came in, they were a cloud computing venture. they have a segment called other. it is mainly ad revenue. if you go into bloomberg, there have been 24 straight quarters where amazon has really blown out the sales numbers. it is no wonder that at least one analyst called

morning, quinn! natasha, tell us aj morning, quinn!:, :, :, well. a great way of doing some -h sio well. a great way of doing some physio and _ well. a great way of doing some physio and getting _ well. a great way of doing some physio and getting her— well. a great way of doing some physio and getting her used - well. a great way of doing some physio and getting her used to l well. a great way of doing some j physio and getting her used to it whilst doing it for a good cause. yeah, definitely.— whilst doing it for a good cause. yeah, definitely. how did you know that quinn had _ yeah, definitely. how did you know that quinn had had _ yeah, definitely. how did you know that quinn had had a _ yeah, definitely. how did you know that quinn had had a problem - yeah, definitely. how did you know. that quinn had had a problem before she was born?— that quinn had had a problem before she was born? when i was pregnant, we went to — she was born? when i was pregnant, we went to the _ she was born? when i was pregnant, we went to the 20 _ she wa

this is the objective that haley quinn brown and the women of the nacw set out for themselves and now they have to chart a way forward. harley quinn brown is i think it's fair to say an appreciator of the capacities of the leaders within organizations like the national association the american national women's suff. association the national women's party who had led the campaign for ratification of the 19th amendment and quinn brown goes so far is to call on alice paul she wants to be a part of the celebrations that alice paul is planning that will mark the ratification of the 19th amendment. she wants black women to be there and as importantly she wants to make a proposal to alice paul one that would lead to a linkage between black and white women's organizations that would work toward the federal legislation that haley quinn brown and the women of the nacw are after haley queen brown and a delegation of black women will call on alice paul in the winter of 1921 during what turns out to be the last meeting of the national women's party and she will ask paul for just that and a politic

i am vonnie quinn. this is bloomberg.l ahead, we discussed japan's economy with the imf chief for the country, as tokyo struggles to complain a surge in new virus cases. the global vaccine rollout suffers another blow as a blood clot he feared forces johnson & johnson to take a pause. we have the latest. this is bloomberg. ♪ haidi: heed the example of alibaba, that is what beijing is telling tech giants. morning them to rectify the anticompetitive practices within the next month. let's get more from our greater china executive editor. john, what was the meeting all about and what are the changes expected in the short timeframe? >> they called them the who's who's list of tech in china. there was a bit of a silver lining, the regulators are giving everyone a month to fix any problems they might have. the cloud that that is surrounding is quite large. regulators are saying things you can no longer do. you cannot use acquisitions to stop that competition. you have to protect the data of your users. you cannot evade taxes. yo

i am vonnie quinn. this is bloomberg. haslinda: still ahead on bloomberg markets: asia, gdp readings show positive growth on record. we preview this and look i had at the week in economics with our guest. rishaad: opec+ gradually decreasing supply. iran is going to consider the impact on the price of black stuff. this is bloomberg. ♪ rishaad: holding steady near $59 a barrel, the fed chair saying the u.s. economy is poised for growth. wti fell 3.5%, the largest such drop since middle of march and down to a strong dollar which reduced the appeal of oil. all amid concerns about demand. let's get the outlook with vandana hari. give us a snapshot of where we are with oil. >> good morning. i think we are coming out of a week of absolute deadlock, still meet in the oil company. we saw brent at $15 a barrel last week and what was happening , equal and opposite pole from the oil complex from those seeing must have full, the u.s. economy is doing well. we heard the fed chair powell said it is at an inflection point, but a lot of c

i am vonnie quinn, this is bloomberg.> still ahead, more on the vaccine rollout changes in australia. we speak with a professor at you nsw. plus, bill long was a $20 billion wail and then lost it all and two days. details on that and the changes that credit suisse is making. this is bloomberg. ♪ this is bloomberg. ♪ ♪ haidi: more changes at a sweeties amidst the implosion with financing terms for hedge funds. it is a move that could signal a broader shift in industry practices. our reporter joins us now. this continues to reverberate across the industry. do these changes flag longer-term trends to come across the broader sector? >> -- >> with a little more than 200 million dollars, 400 million dollars of capital, but from that point to becoming something which meant capital in excess of $20 billion in 2020 one, that is extraordinary. that would have garnered a lot of attention in just that one category. but stocks rising -- the financial crisis seems to be leveraged, and he built up a concentrated portfolio. and he had pi

i'm vonnie quinn. this is bloomberg. haslinda: coming up on bloomberg markets: asia, the director general of the international vaccine institute joins us to discuss the progress of covid-19 inoculations across the world, and what the new variants mean for the race to achieve herd immunity. rishaad: also, the importance of engaging men and boys to support gender equality. this is bloomberg. ♪ this is bloomberg. ♪ rishaad: breaking news at the moment with this unofficial visit from the u.s. to taiwan. we got a response from beijing, and the spokesman for the foreign affairs department. taiwan affairs office saying the u.s. is sending the wrong signals to taiwan. this is according to china's taiwan affairs office, saying this in response to the u.s. sending an unofficial delegation to the territory. we were waiting for a bit of a response coming from beijing. again, we did see the ante being upped, china sending warplanes there as well. haslinda: let's get back to one of our top stories. mounting concerns about the financia

i am vonnie quinn. this is bloomberg. juliette: still i had on bloomberg buckets asia, semi conductor shortage. the gap between ordering a chip and taking its delivery is now at 16 weeks. the outlook from the industry with regional head of tech research. rishaad: next, more analysis with that of research at ce be international. sure why he is a long on economy stocks. that is up next. this is bloomberg. ♪ rishaad: asian markets a bit of a stagger, we have a hankering new to the upside and a bit of weakness in japan. we have the minutes from the fed march meeting saying policymakers waiting for data to improve before turning back similars. they also downplay inflation risk. let's get the market outlook with the head of research at ceb international investment. are they looking for trouble where there is not any trouble there? >> entering the second quarter you see lots of [indiscernible] many in the market, but the problem is, no matter where you go. i would say for the moment and second-quarter we should or focus on the t

i'm vonnie quinn, this is bloomberg. paul: still to come, washington will send 60 million doses of astrazeneca shot once the vaccine clears federal safety reviews as president biden pledges his support. the details next. we also discuss that with the mayo clinic director, plenty more to come. this is bloomberg. ♪ paul: the u.s. plans to export 60 million doses of the astrazeneca vaccine once it clears federal safety reviews. president biden pledged his full support to india's five minister -- prime minister, who is combating the world's largest surge of infections. michelle, is the vaccine going to help with this? >> the vaccine will absolutely help india. but it is going to take quite some time for it to have an impact. you have to remember, these vaccines, the astrazeneca vaccine is given and to does shot. you need to take them several weeks apart. we will need to get them there, and then the system kicks in after that. in terms of the outbreak, the catastrophic outbreak happening right this minute, the best way to get

i'm vonnie quinn.his is bloomberg. ♪ haidi: coming up, look at the agenda of the meeting between president biden and the japanese prime minister. plus, citigroup expands banking in 13 markets across asia and europe. more on the plan and the outlook for big banks. this is bloomberg. ♪ ♪ haidi: stocks jumped to record highs in thursday's session as we look to the start of trading in asia and a positive outlook when it comes to early gains in trading here. retail sales in the u.s. and weekly jobless claims point to an accelerating recovery in the world's biggest economy. let's ring in the ceo of an asset management company. great to have you with us. we are in a bubble given where valuations are, and whether what we see in the data is a reflationary pulse. what do you see about the argument that asset classes are too much at the moment? >> a clear indicator you can look at, and we have been managing for 30 years to avoid the risk of double markets and every once in a while, things happened that don't make

i'm vonnie quinn. this is bloomberg. paul: still to come, japan eyes and other virus emergency for tokyo as cases continue to search with the olympics months away. resident jode biden -- president joe biden plans to advance the climate fight. this is bloomberg. ♪ >> no nations in -- no nation can solve this problem on their own. >> the height of climate change will be the engine for all global recovery. >> we can build back better from this pandemic by building back greener. >> we need to work on the basis of international law. follow the principle of equity and justice and focus on perspective actions. >> i am delighted to see that the united states is back to work with us in climate politics because there can be no doubt about the world needing your contribution if we want to fulfill our ambitious goal. >> all of us, particularly those who represent the world's largest economies, we have to step up. shery: foreign leaders speaking about climate change emissions on day one of president biden's climate change summit. for

i am vonnie quinn. this is bloomberg.: let's take a closer look at what is coming up this week. gdp numbers, rate decisions, a ton of earnings. two economies that stand to benefit. south korea posting first quarter gdp figures. expectation is growth. boj rate decision tomorrow, the fed meeting wednesday and the day after that, the u.s. reporting first-quarter gdp numbers. for more on this, we are joined by our guest from deutsche bank. i wanted to start with the whole export picture that has started to come together. we had a story early this morning, early indicators in china showing momentum is continuing because of external demand. exports are moving, obviously. is there anything more feeding into that story? >> it is not just the base effect. if you look at january and february for asia as a whole, not just china, the potential improvement in terms of exports, it grew more than 8% from the previous quarter. it is not just about the base effect. it is clearly a sequential provement in exports as well, and that is drivi

i'm vonnie quinn. this is bloomberg.be sure to tune into bloomberg radio to hear more from today's biggest newsmakers. broadcasting live from her studio in hong kong. there is lots more ahead. this is bloomberg. ♪ haidi: let's take a look at what we are watching as we get into the major markets trading. >> nikkei futures moving to the upside. steadiness there after tapering plans. td securities at mid-march lowe's, saying the onus is on the data with more aggressive market pricing than that. a little clarity expected from the european central bank. struggling to break out as india's virus cases and new supplies weighing on prices. $50 a barrel, due in part to opec's willingness to make adjustment to prices and oil markets. cautioning that while the market is right about being bullish, the uneven recovery across the globe remains a headwind. shery: antitrust regulators have put most of china's largest internet platforms on notice. until recently china so-called b.a.t. companies had flown under the regulatory radar. our ch

i'm vonnie quinn. this is bloomberg. shery: still ahead, the vaccine rollout speeds up dramatically in the u.s. with almost one third of the country having received deferral -- the first shot. coming up next, the global growth forecast for the second time in three months. details ahead. this is bloomberg. ♪ haidi: some good news from the international monetary fund as a boost at the highest in 40 years. let's bring out global economics policy kathleen, this is the second boost in the second boost in the imf global forecast in three months. the u.s. is leading the way. what are the drivers? >> but start with the good news because yet to go back to the 80's when the data series first started. it hasn't been a stronger one since then. what they are looking at is the fiscal support in a few big economies. definitely some of the richer neighbors have been able to do that. they're expecting to have a vaccine driven recovery the second half of the year. look at those numbers, you see if you go back to 2008, how weak growth was.

let's get over to vonnie quinn. vonnie: twitter has removed or restricted more than 50 post the past year at the request of the indian government. the indian express newspaper says they were critical of the handling of the pandemic. twitter says it reviews all legal requests. iraq's prime minister is blaming health officials for a fire that killed people in a baghdad hospital for covid-19 patients. more than 100 others were injured. key officials were involved. this as iraq grapples with a second wave of the virus. senator lindsey graham says republicans may be ready to back up to $900 billion in infrastructure spending, less than the $2.2 trillion present biden has proposed. he told fox news that rather than increase the corporate tax rate, there is a deal to be done over infrastructure spending. president biden is expected to address this when he addresses congress this week. an envoy is being appointed to me and where the military has -- appointed to myanmar, where the military has been killing protesters. a cons

i'm vonnie quinn. this is bloomberg. haidi: still ahead, prime minister scott morrison abandons any attempt to set a vaccine target for straley's rollout and he concedes not every australian will get their first shot by the end of the. we have the details ahead. coming up next, jerome powell says u.s. economy is poised for stronger growth ahead. our guest will tell us how he is playing this rebound. this is bloomberg. ♪ ♪ >> actual progress. we are not looking at forecasts for this purpose, we are looking at actual progress towards our goal. >> it not projected progress. >> we have to see it. we don't have to expected. we had to see it. >> there is no textbook for this. you don't want to be too preemptive. i also don't want to be so reactive that we are late. >> we are data dependent. that is what we are looking for, to see it in the data. >> hard numbers on the labor market and on prices. >> we got a taste of what progress will look like from the march report, close to one million jobs, particularly if you add in the re

let's turn to vonnie quinn.global for tallies surpassed 3 million over the weekend as the pace of debts continues to accelerate in developing nations. the current death toll comes three months after reaching the 2 million mark, by comparison it took more than eight months to record the first million. the real death toll is likely far higher due to underreporting and patchy data around the world. the cdc just said more than half of all adults in the u.s. have received at least one covid-19 shot. it is another milestone in the nation's largest ever vaccination campaign. almost 84 million adults, about one third of the population has been fully vaccinated. the u.s. and about 52,000 cases saturday. the pace of infections has accelerated, fueled partly in cases by younger people. the u.s. and china say they are committed to cooperating on climate change. the joint statement comes after envoys from both sides met last week amid growing geopolitical tensions on issues ranging from trade to human rights abuses. joe bide

i am vonnie quinn, this is bloomberg.peak exclusively with the philippine central bank governor about the economic toll and the monetary policy response. coming up next, more hurdles in the global enoch elation campaign with the link between acknowledging astrazeneca vaccine and rare blood clots. we get the latest. this is bloomberg. ♪ ♪ >> indonesian president looking to the green economy to help drive growth. speaking exclusively to bloomberg markets, the president says he has been talking to elon musk about bella being a lithium battery industry. he also speaks about geopolitics including myanmar. >> indonesia has vast opportunities and potentials to move towards a economy, green product. in the future, indonesia wants to have a lithium battery industry for electric vehicles. i think the potential with high added values for the country, that is what we choose. i have talked a lot about lithium battery with elon musk. haslinda: a question on your sovereign wealth fund which has come to fruition after years of talks, tak

i'm vonnie quinn. this is bloomberg.l ahead, we asked of china's export growth may be sustained and senior china economist betty wayne joins us. we look ahead to gdp figures later this week. up next, secretary janet yellen will declined to name china as a concern -- currency manipulator. the details on that coming up. this is bloomberg. ♪ shery: breaking news at the moment. we are getting the terms of a deal with sk i.e. tech plaintive to price its sole ipo on april 26. this will be the sk innovation battery separation unit. they are starting to take investor orders for an ipo on tuesday. we had heard that perhaps they were aiming to raise as much as $2 billion selling around 8.6 million new shares between 78,000 won in five hard thousand -- 500,000 won each. they are taking orders for the ipo starting on tuesday. haidi: let's get back to one of our top stories. the u.s. treasury secretary will declined to label china as a currency manipulator. that is according to a bloomberg school. officials are concerned beijing is m

i'm vonnie quinn. this is bloomberg. haidi: still ahead, china -- shery: still had, china imposes restrictions on the financial arms of more tech firms including tencent and bytedance. we have the very latest. this is bloomberg. ♪ haidi: chinese regulators are -- in their ongoing crackdown on big tech. opposing wide-ranging restrictions on 13 companies including tencent and bytedance. stephen engle is joining us from hong kong. what do we know about this latest move? >> what we know is nobody can escape, at least in chinese big tech. the regulatory crackdown that is coming from beijing and the various regulatory body. this is interesting because it -- as the crackdown we saw on alibaba on the financial side. not just the antimonopoly push, but more targeting the systemic risk that the explosion into the financial services where there is wealth management, lending and the like has been posing. the risk that those services in under regular technology companies rather than banks have been posing on the chinese economy. 13 c

let's join vonnie quinn.onnie: president biden's top economic advisers confirming the capital gains tax hike will only affect those earning $1 million per year. it will affect only a tiny share of american households. by dennis set to unveil his american families plan into future major spending measures funded by higher taxes on the wealthy. south korea's five main business lobby groups have reportedly sent a joint letter urging the president -- imprisoned samsung electronics why. they say that key decisions could be delayed due to lee's absence. as india hits a pandemic, high 352 thousand new daily covid-19 infections. bloomberg is learning that those who can shell out thousands of dollars are taking private jets to london and dubai. it comes from countries that have imposed travel curbs on india or are buoyed to do so. -- egypt has talked about the losses tied to the vessel that blocked the suez canal. they estimate 97 million dollars in damages. there are transit fees and costs associated with salvage effo

i am vonnie quinn, this is bloomberg.samsung's first operating income was up 44% from a year ago. this coming after the early release of its new flagship phone, and expecting economic rebounds which is brought in -- has resulted in higher chip prices. give us a broad overview of what you got out of the numbers. >> thank you for having me here. i saw the number and it was surprising, because the preliminary operating prices beat the annual sales and expectations, but if i compared the numbers, we see individual investors. i think it is why is based on price at the moment. rishaad: looking ahead, what is the guidance like for you in terms of this global chip shortage and how that is playing out with this company? claire: in the short term, it is ok when the country is making phones or tv's. if the chip shortage situation is difficult for anyone in the world, i think samsung could have -- month. juliette: talk us through how long the supply chain can hold up with all of these disruptions. and where you are seeing upside for

i am vonnie quinn. this is bloomberg. shery: let's get back to minneapolis. our bloomberg reporter, fola akinnibi, is on the ground. what are you seeing now? we got concerns about potential protests ahead of the verdict. what is the situation now? fola: i am here in george floyd square. >> black lives matter! fola: we were here last year and, you know, it's a jubilant atmosphere. people are celebrating. people are hugging, crying. they have been chanting. there have been speech going on people are -- going on, and people are happy. we have not seen any sort of unrest here at least and there is a minimal police presence in the square. shery: -- haidi: you can hear the relief, to some extent, jubilation and celebration, but at the end of the day, is this -- of course a celebration, because this should be the baseline, that some sort of justice was served for something that never should have happened in the first place. what is the next step in terms of pushing this forward to ensure that police violence a

i'm vonnie quinn. this is bloomberg. shery: still ahead, developed countries are rolling up vaccines more than two thousand times faster than the emerging markets. we will discuss the market impact. plus, consumption and focus when china reports first quarter gdp data this week. this is bloomberg. ♪ shery: i china data glitch will be the highlight of the past week ahead in asia. china's fourth-quarter gdp will probably show the fact -- of the fastest growth on record. trade figures are likely to show exports continuing to move. key data coming out of india. for more, we are joined by sean, our senior asian economist. always great having you with us. we are expecting the fastest growth on record but, at the same time, we have seen significant pressure for the economy. the charts of the bloomberg showing how consumption dropped for the fourth time in four decades last year. how much progress are we expecting to see in this quarter? >> we look at the consumption figures, we will probably get a strong year. but, we saw under

let's get to vonnie quinn.gest global vaccination campaign in history is well underway, with more than one billion doses administered across 172 countries. according to the bloomberg vaccine tracker. that is enough to fully vaccinate 6.7% of the global that test population. in the u.s., 229 million doses have been given so far. lindsey graham says republicans may be ready to back up to $900 billion in infrastructure spending, less than half the $2.2 trillion president biden has proposed. he told fox news an increase in the corporate tax rate to 20%, a deal is to be done. biden is expected to talk about plans when he addresses congress this week. exit polls for albania's parliamentary elections suggest the socialist party is in a tight race with the opposition democratic party. pauling give the socialists about 40% of the vote while democrats are specters of 42%. it is seen as a key milestone for albania's quest for full membership of the european union. china's banking regulator is urging five large banks to bo

i am vonnie quinn. this is bloomberg. shery: we discussed nomura's results later this hour but up next, we will have more on direction with the global strategist, the president, kumar. this is bloomberg. ♪ shery: the federal reserve is expected to hold -- some are warning it is making mistakes. kathleen hays is here with more so what is the argument for the fed to switch gears and at least start to think about thinking about tapering? kathleen: let's start with the consumer confidence report. a lot of people are saying the economy is going to boom, massive stimulus on top of extraordinary monetary stimulus. what do you expect now? consumer confidence in the united states surged in march much stronger than expected, up nearly 13 points in the latest month to one to 1.7. -- 121.7. it's mostly driven by the overall index. people's vision of present conditions, they see better labor market conditions as well. bloomberg economics says it's a sign that the u.s. economy is set to roar, driven by a roaring cons

i'm vonnie quinn. this is bloomberg. are back at joint base andrews as we continue to wait for prime minister suda to deplane in maryland. this as he heads towards his first summit with president biden. he would be the first foreign visitor -- foreign leader to actually meet with biden since he became president. the summit will take place at 1:30 p.m. eastern at the white house and then they will both hold a press conference together at 4:15 p.m. eastern, as well. we have heard, haidi, that there is a lot on the agenda already. a senior official talking about china, south korea, the tokyo limbic's, other issues on the table. haidi: just as a point of interest, we know that everything, including air travel and a diplomatic relations, have to be done differently, given we are still in the middle of a pandemic. the pandemic has forced the prime minister to travel to the u.s. with quite a reduced entourage, as well. cabinet members that would usually accompany him are not with him and the first lady is not with him, as well.

shery: let's now get over to vonnie quinn with the first word headlines. in fact, we don't have her on the moment, but the johnson & johnson vaccine over a link to a rare blood clotting disorder. official saying that both the j&j and after zeneca vaccines used similar technology. and both have raised concerns over blood clotting. earlier this week, australia abandoned its goal of inoculating its entire adult population by year end. francis prime minister has announced the suspension to and from brazilian definitely. it stems from fears over a more contagious variant of covid-19. relatively few known cases of the brazilian strain. it requires them to get a negative test and quarantine. china will curve anti-competitive practices within the next month. they were summoned by regulators on tuesday, it was find a record $2.8 million last week. 34 firms will have to undergo inspections and pledge to end abuses. marking dominance among other violations. the white house has sent an unofficial delegation to taiwan is president biden according to voters, senator chr

i am vonnie quinn with the first word headlines. the u.s.tary --beijing is masking true activities at state owned banks. that yellen's report is due thursday although it has not yet been finalized and it is unclear when it will be released. yellen and her team are set to be rolling back some policies. the london mayor is urging residents who work or live in parts of the city to get tested for covid-19 after an outbreak links the south african variant. anyone over the age of 11 should get tested as soon as possible. the appeal comes as the u.k. reopens restaurants, gyms, and hair salons after months of stringent lockdown measures. iran is claiming israel for an attack on a power grid. the move comes at a delicate time, with internationals trying to reinstate the nuclear arms record. tehran says centrifuges were damaged. israel is neither confirming or denying any involvement. president biden called for calm in minnesota after an officer shot and killed a 20-year-old black man during a traffic stop, leading to protests and clashes with police.

i'm vonnie quinn. this is bloomberg. haidi: relations between australia and china look set to worsen. paul allen joins us with more. this was somewhat expected, but what has canberra canceled? paul: this relates to a couple of documents signed in 2018 and 2019. big -- victoria the state signed a framework agreement with china on the belt and road initiative. it was aimed at increasing the infrastructure projects. since then, we have seen relations between china and does draw you get worse over the 5g buildout. the call from australian for investigations into the origins of the coronavirus. last december, australia passed a law allowing agreements between the state and china. now the law has been exercised. those deals have been canceled. the foreign ministry saying she considered the arrangements inconsistent with foreign policy and adverse to foreign relations. no surprise that china is very unhappy about this. and email from the chinese embassy calls this and other unreasonable provocative mood -- pr

let's get the first word news with vonnie quinn.g on india, president biden saying he spoke with prime minister modi to discuss when the u.s. will be able to send covid vaccines to india. it is something the president says he intends to do but he did not specify a timeline. biden revealed that the u.s. is providing aid, and machinery for a vaccine manufacturing. president biden is telling to forgo an extension of the estate tax and his tax hike proposal. during the campaign, biden pledged to increase the estate tax, but bloomberg is now told the estate tax boost will not be a part of the american families plan the president will unveil on wednesday. canadian prime minister justin trudeau told the bloomberg green summit that canada will reach its new target to reduce emissions by up to 45% by 2030. that is despite his country's record of missing previous climate goals. data shows that canada was the only country to see its harmful emissions rise between 2015 and 2019. p.m. trudeau: it is also about consumption. it is making sure that

i'm vonnie quinn. this is bloomberg. juliette: still ahead, coinbase hit a $100 billion valuation on its debut before falling back. investors and the fed taking notice. we will discuss that next with richard byworth. rishaad: also looking at earnings due later on and consider the impact of the chip crunch. this is bloomberg. ♪ s is bloomberg. ♪ rishaad: we are looking at taiwan semiconductor manufacturing out with numbers a bit later. a strong first-quarter set of earnings. amid this global chip crunch. shares hit a record earlier this year after surging 60% in 2020. our next guest expects earnings to reach the top end of guidance. joining us is kirk yang. kirk, give uis a -- us a sense of what you are looking for when they come out with numbers. to say they are strong, would that be perhaps underplaying it? kirk: good morning. i am sorry, i am having some difficulty hearing your question. rishaad: kirk, i don't think you heard me properly. give us a sense of what you are looking for when these numbers come out. kirk: so

i'm vonnie quinn. this is bloomberg. rishaad: still ahead, the green and gold in focus as president biden's climate summit. collecting elements from the sea floor to make batteries. our interview with gerard barron, that is next. haslinda: plus, how bmw plans to drive its success in asia through sustainability. we will discuss growth strategy and adoption of ev's with -- stay tuned for more from bloomberg green and our focus on climate change. ♪ >> over the past 30 years, the incidence of natural disasters have genetically increased and the future potential cost to the economy has skyrocketed. we're now in a situation where climate change is an existential risk to our future economy and our way of life. >> this is a critical year for action. there's tremendous momentum now. we need to reinforce that momentum, and again, having $70 trillion private capital announced today is the type of momentum the world needs. ♪ haslinda: welcome back. this week, u.s. president biden is bringing together dozens of nations including top

i'm vonnie quinn. this is bloomberg. juliette: still ahead on "bloomberg markets: asia," we hear from the dallas fed president about how infrastructure spending will boost u.s. growth. plus, our exclusive with the ecb president christine lagarde. rishaad: and the latest on the block trade blowout. the s&p opening up a per the minari investigation -- up a preliminary investigation. deutsche bank manages to avoid a loss. we have details on that next. this is bloomberg. ♪ robert: building back better was the central theme of joe biden's presidential campaign. it's what the country needs. this is all very much on the right track. i'm particularly excited about the infrastructure investment program, i'm particularly excited about the green aspect. >> among the highest return investments in terms of spurring private investment. we know public investments in airports return several dollars in private investments. investments in r&d provide the backbone off which private investment flows. these are the investments that can spur

i'm vonnie quinn.lnc group is taking its streaming best misses -- businesses public in the u.s.. the president director told us why they are not opting for a traditional ipo. >> this back -- thus back -- decisive cash and the balance sheet. the prince of a love this back -- principle of this back as been going on for more than 20 years. [inaudible] why in the u.s. and not in indonesia? [inaudible] >> are you concerned that there has been a lot of talk about a greater regulation on spacs? that could give rise to a greater requirement of disclosure. with that affect you? >> we have signed an agreement with manufacturers. now we are analyzing the perspectives. i think we should be able to meet the requirement by the fcc. we will have a deal by the end of q2. at the latest, july of this year. >> some are saying that you will be valued at 573 million u.s. dollars. can you confirm the amount? what do you intend to do with the funds? >> that's on the equity valuation. [inaudible] what we are going to do with

the $300 a month will help with the expense of raising quinn.ey has been tight since giuliana's husband lost his job during the pandemic. >> i will help out a lot, just having money for clothes. for the summ, i had to take out a credit card just to get him clothes for the summer. laura: the vice president came here in march to highlight the impact of the child tax credit. the center director believes the extra money will take strain off the parents. >> families, in order for children to thrive, they need to be happy and calm and invested in their own children, and they will be able to form their own relationships with their children if they don't have that outside stress. laura: america has some of the highest rates of child poverty in the industrialized world. president biden wants to lift many american children out of poverty. right now it is only a temporary measure, so what happens after a year? >> we are going to make it permanent. the president is for making it permanent. laura: evicted from her home as a kid, congresswoman rosa delauro ha

i am vonnie quinn. this is bloomberg.this week, president biden pushed for more cooperation and pledged government funding to help the global chip shortage. highway says u.s. should take much of the blame. joining me to discuss this is the chief security officer for hauwei. let me get started on the latest comments at your analyst meeting. we heard him talk about how the sanctions imposed were hurting the global semiconductor industry, that it has led to some stockpiling by all of these chipmakers. we have seen global chipmakers shutdown factories since the second and third quarter of last year, because they are anticipating a macro downturn, something that did not happen. is this just more about a lack of visibility? >> there were a number of factories that have contributed to the chip shortage, and you cited some. the semiconductor industry reported that we have a fragile global supply chain, that can be disrupted by natural disasters, storms and so forth. we think the emphasis needs to be on collaborating and trying to

let's get over to vonnie quinn. vonnie: in other news, the tokyo governor says she wants the government to declare a state of emergency as soon as possible to curb the surge in covid-19 cases. infections in the city have jumped to levels not seen since january. the prime minister set out restrictions in tokyo, osaka, and other regions this month to slow the spread ahead of the summer olympics. prime minister narendra modi is urging states to avoid lockdowns to avoid another hit to india's struggling economy. infections have forced the shutdowns of new delhi and mumbai. modi says states should only lockdown as a last resort. india has the world's fastest growing number of covid-19 cases, with more than 250,000 infections and 1700 deaths recorded tuesday. the european union's top diplomat says russia's military escalation on the border with ukraine has gone to 150,000 troops, the largest buildup ever on the frontier of both countries. he says that raises the possibility of further conflict. but the block is not discus

i'm vonnie quinn. this is bloomberg.: the asia trading day in hong kong -- quite higher on monday as the daily caseload for virus there. so what are they saying now? >> we did see thailand's daily case after topping 1700 on sunday. sydney saying near-term pressure could see the s&p index move to the 1500 level, so there is a rotation into energy, health care and consumer finance. vaccine rollout plans remain unclear. nonetheless, the index in thailand climbing to 1600. shery: we have seen a rally when it comes to emerging-market assets and we have the likes of morgan stanley and goldman sachs being more cautious about emfs. why is blackrock favoring them now? >> after a choppy first quarter, they see signs of a turnaround. they expect a dollar rally will pause as markets consider the broadening of a reopening. staying overweight on asia and with the economic rebounds seem to be delayed and not derailed. vaccinations remain a key headwind, otherwise they are favoring the space. shery: let's make a u-turn and talk about sp

i am vonnie quinn. this is bloomberg.aidi: still ahead, we have an exclusive with the world bank later this hour, the chief economist carmen reinhart gives us her outlook on the global recovery and risks posed by mounting piles of debt. next, oaktree capital says opportunity has come and gone and the distress that space with the worst of the pandemic, next. this is bloomberg. ♪ haidi: breaking news, a sell agreement with cleaner way for one of its units, valuing that unit at 2.5 2 billion australian dollars and this accord with clean away is subject to eight suez veolia outcome, still trying to find a negotiated solution with veolia on that, if suez reaches an agreement with biella upfront transaction including a tender offer on suez -- agreement with veolia for a transaction including a tender offer on suez. ][-] we are hearing the talks have agreed with the sale agreement that values the unit at 2.5 billion australian dollars and we will get more details on the detail -- on the deal as they get to us. a distressed debt

on vonnie quinn. this is bloomberg. shery: we will discuss comments and the progress in the country's rollout later. but, up next, fed chair jay powell said the u.s. economy appears to be at inflection point and poise for stronger growth. hear more from his interview with david rubenstein next. this is bloomberg. ♪ shery: fed chair jay powell believes the u.s. economy is at a turning point. it is place for stronger growth and more jobs as the country emerges from the covid-19 pandemic. speaking to david rubenstein, he said debt levels were sustainable for now but the coronavirus is still a major risk. >> the economy, at this point, seems to be at a bit of an inflection point. that makes sense with more widespread of vaccinations. strong fiscal policy, more support for monetary policy. you can see ridership on airplanes going up and people going back to restaurants. i think the march jobs report we recently got shows with that can look like. close to a million jobs in a month. we are going into a. of -- a period of faste

let's now get over to vonnie quinn. vonnie: pboc says its goal of internationalizing the yuan is not an attempt to replace the dollar but give markets another option to facilitate international trade. they also say efforts to create a digital yuan are solely for domestic use. a recent report indicated president biden is increasing scrutiny over china's rollout of the digital monetary tool amid concerns it could displace the dollar. the u.s. and china say they are committed to cooperating on climate change and on implementing the paris agreement. the joint statement comes after envoys from both sides met last night amid growing jail palooka tensions on issues ranging from trade to human rights abuses. u.s. president biden will host a virtual economic conference this weekend chinese president xi jinping will principate. the u.s. has warned russia it will face consequences if jailed opposition leader alexey navalny dies. the outspoken putin critic is in his third week of a hunger strike. allies say he is in critical condit

i'm vonnie quinn and here are the first word headlines.sident joe biden said the murder conviction of the former minneapolis police men over the death of george floyd is a giant step forward. they also called on lawmakers to do a police reform to ensure an acting change. a jury found derek chauvin guilty of second-degree murder and to lesser charges. a jury deliberated for about 10 hours for the killing that's part national outrage and triggered worldwide protests. u.k.'s prime minister boris said britain must be ready for another wave of coronavirus infections later this week -- this year. he says plans to reopen the economy are on track. the comments came as he launched a new pride graham to limit the impact -- program to limit the impact of covid strains. though u.k. cases are falling, it's wrong to think the virus has gone away. p.m. johnson: the majority of opinion in this country is still firmly of the view that there will be another wave of covid, at some stage this year. so we must, as far as possible, learn to live with this disea

i'm vonnie quinn. this is bloomberg. haidi: indonesian president has slammed richer nations for vaccine nationalism, saying the pandemic will not end unless all countries have access to the shots. indonesia has had to slow down the inoculation drive due to receiving fewer acts -- fewer supplies than expected. speaking to arco anger, the president, also said there was no need to reach 7% economic growth this year. >> to simplot -- it depends on vaccine supply. if vaccine supply is in line with the schedule we made, the vaccination will be completed at the end of the year. due to supply, we have only vaccinated 4000 people at the end of march. if the vaccine arrive starting at 70 million doses per month, we will be able to inoculate one million doses per day. >>>> when will you get your -- where will you get your vaccines from? even india is holding onto it supply of astrazeneca. >> that is where the problem lies. . there are several delayed commitments. . but still committed at a great volume. this is why i'm asking world

i'm vonnie quinn.sident joe biden will address congress and give details of his american family plan, defining $1 trillion in spending with $800 billion in tax cuts and credits. it's funded in part by the largest tax increase in decades on wealthy americans. biden will say that wall street did not build america, the middle class did. let's bring in the director of economic policy at veda partners. always great to have you as always. how attached should we be to the details that are in this plan, given that there was an overestimation of how strong the progressive agenda would be in congress? henrietta: i stole a line from ted lasso. watchers and investors be goldfish. the president is going to rollout optimistic spending levels, $4 trillion between the infrastructure plan and the family plan. he will rollout free -- $4 trillion worth of tax cut -- tax hikes. our expectation is that gets cut at least in half if not more than that by the end of this process which will take until september to play out. yo

i'm vonnie quinn. joe biden formally announced all americans over the age of 18 will be eligible for a vaccine by april 19. right in spoke at the white house on the estate of the efforts in the country, warning the u.s. is still in a life-and-death race against the virus. he warned while there has been progress, there are variants spreading quickly. pres. biden: there is a lot of good news but there is also bad news. new variants of the virus are spreading, and they are moving quickly. cases are going back up. hospitalizations are no longer declining. while deaths are still down, way down from january, they are going up in some places. vonnie: the united kingdom is told -- has told britain's to hold off on planning holidays the summer, deflating the hopes of an airline industry desperate to get back in the sky. restaurants, pubs, shops reopened next week. prime minister boris johnson says it is not clear non-essential international travel can resume safely as planned on may 17. israel's president has c

cbs' lonnie quinn is tracking those storms and joins us tonight.vening, lonnie. >> reporter: good evening, norah, good evening everyone. we're talking about 11 different states under severe thunderstorm watches tonight. a smaller system around north carolina and virginia with possibly damaging winds, but a huge system in the south. let's zoom in tight right now on eastern texas, around dallas. you are preparing for the possibility-- ready for this?-- for baseball-sized hail tonight. i mean, that could really do some damage out there. i know it doesn't look all that intense now but it's going to get worse as the night goes on. combined with strong straight lined winds, 70, 75 miles an hour, maybe stronger, and possibly twists as well. the worst area looks to be from louisiana and portions of alabama. and the reason we're so concerned though it doesn't look that bad, it's going to get worse when storms start to bow like the arch in the front, that's a storm that is getting stronger, ore intense. put the car in the garage tonight and keep the weather

lonnie quinn, thank you.o what could be a seismic shift in how the pentagon handsessau harassment cplaintthin i ranks, and imer ous investigatin into the military'ur protect service members who report abuse. >> these are initial recommendations. >> o'donnell: cbs news has learned that defense secretary, lloyd austin, has received initial recommendations from the independent commission looking into the pentagon's handling of sexual assault and harassment cases. >> he obviously will be taking all those inputs seriously as he weighs next steps. >> o'donnell: among them, a potential change that would move critical decisions about prosecuting these cases away from commanders to an independent body outside the chain of command. >> i take the issue of sexual assault seriously and personally. >> o'donnell: secretary austin launched the independent reviewd the full recommendations are due in 60 days. rn wh the program itself is that there are some bad actors and commanders that have found a way to sweep these things u

i am vonnie quinn. this is bloomberg.di: jake a look at the -- take a look at the earnings numbers with stock trading lowers. we are seeing a downside and that is the most we are seeing that stock fall in more than two months. forecast for the current year missed analyst expectations and also plans of a $2.6 billion capital spending plan. a bab -- a buyback of 2% of its share. very positively for investors in tokyo listers shares are around 60% that results -- they have been pretty range and today is most definitely a down day, this after a buyback plan was announced. china is raining in the finance -- we get all the details on how the cubbies will be affected. include the likes of tencent. how india's vaccine drive left the country and cast. anger at the prime minister is growing. this is bloomberg. ♪ shery: chinese regulators have cast their nets wider in its ongoing account of big tech, this time posing wide-ranging restrictions on 13 companies including tencent. our correspondent is taking a closer look and joins us f