i'm mark crumpton should this is blue -- i'm mark crumpton. this is bloomberg.omaine: welcome back. we are focused on crypto. you london mosque once again doing his part to drive it down -- elon musk once again doing his part to drive it down. joe: he did have that effect because he came out last night and said they are going to hold bitcoin on their balanced rate -- balance sheet. they are no logo going to be selling tesla's. i don't know if anyone is buying. tesla and bitcoin. teslas for bitcoin. we saw the price plummet after the decision to return to currency. caroline: continuing the commentary and getting into chats with -- scenting coverage -- sending coverage. many have come back and said enough. did he really not know this before he decided to start taking on his balance sheet? joe: that is the weird part. let's bring in ed ludlow from san francisco. what is the deal with that? he knew all this. he understands energy. everyone talked about this from day one. how is it that two months later, fossil fuels? ed: the mission statement of tesla is to transiti

i want to send it over to mark crumpton with your first word mood. -- first word news. mark: the 54-30 five vote today fell shy of the 60 votes needed to start debate on a measure to investigate and form a commission into the deadly capitol hill riot. president biden had aimed for 70% of u.s. adults to get at least their first covid-19 shots by july 4. a new survey from the kaiser family foundation found that 62% of respondents had gotten that first shot and about a third of those in the wait and see categories say they've made appointments or plan to do so. the malaysian government has announced a two week nationwide lockdown set to start june 1. the move is to help contain a surge in covid-19 cases in the country. malaysia's prime minister has been facing pressure to reconvene parliament, which he suspended in january. he's been accused of making a power grab. the russian hackers behind the solarwinds campaign have ramped up their attacks on u.s. agencies, think tanks, and nongovernmental organizations, according to a blog post from microsoft president tom berg. biden

let's get to the first word news and mark crumpton. colonial pipeline, america's biggest fuel system that has been working to restart since being have to weeks ago, is experiencing network issues that have customers unable to access their fuel shipments. colonial says it is working to restore service. the system resumed pipeline service on may 12. after that ransomware attack shut down the entire system. the pipeline appears to still be operating, despite the communication outage. president biden's infrastructure proposal includes billions of dollars tied to improving cybersecurity. it is an area of intensified interest after last week's ransomware attack on the colonial pipeline. and, the 2 trillion dollar american jobs pipeline -- jobs plan includes the modernization of energy systems and grid resilience in high-risk areas. that is according to a fact sheet obtained by bloomberg news ahead of the release today. the european union foreign ministers are debating how to use the political clout to help end the fighting between israelis an

mark: i am mark crumpton with bloomberg's first word news. administration is taking steps to make sure covid-19 vaccines get to states that need them. bloomberg learned that -- vaccine uptake has varied significantly by state, but the u.s. has been allocating supply evenly based on adult population regardless of how many doses are being used. japan's prime ministers reportedly struggling with a decision on whether to end or extend the coronavirus state of emergency for tokyo and greater osaka. the prime minister has told advisors the decision on whether to lift the emergency on may 11 will be tough. he is concerned the number of cases have not been declining. there are signs the covid-19 pandemic in mexico may be starting to ease. the country says daily fatalities drop below 100 for the first time in one year this week. mexico has regularly seen more than 1000 covid deaths each day with a high of more than 1800 on january 21. a familiar name running for governor of florida again. the former governor made the announcement on twitter this morni

i am mark crumpton. this is bloomberg. ♪ >> it is 1:00 in p.m., 1:00 a.m.n hong kong and i am matt miller. welcome to bloomberg markets. here the top stories. we are going to bring you continued coverage throughout the hour of the selloff and bounce back in cryptocurrencies. bitcoin felt a 30000 and is now back up to 40 and change. later on in the program we're going to discuss the selloff with the chief strategy officer of digital asset investment firm coin shares. they have an exchange traded product that is very interesting. would ask what the interest is today. we also speak with jamie leverett and the ceo all the wild ride in digital assets. chief among them bitcoin but everything else is living as well. let's look at what is going on in the markets. in case you tuned in to see what is going on with the 20 year auction i will tell you the 20 year bonds grew 2.286%. this is a $27 billion auction of 20 year bonds in the one-year anniversary of the first release of the vintage. we will continue to follow that but you are probably more concerned about the

i am mark crumpton. this is bloomberg. ♪ >> it's 1:00 in new york, 7:00 in london, welcome to bloomberg markets. i'm matt miller. here are the stories we are following. the path to production. we will hear from the ceo of lucid on the hurdles that's facing from supply chain disruption admit the -- amanda global chip disorder -- shortage and we will speak to bobby lee. we are looking for the outlook on cryptocurrency as bitcoin resumes volatility. later this hour we discussed the absolute surgeon housing prices -- surge in housing prices. and tom schapiro will be joining us. let's take a quick look at what's going on in the markets. it's a lot of nothing if you're looking at stocks. bouncing around between gains and losses on the s&p 500. the 10 year yield has come down. we saw at one point this morning more than 160. now we have dropped down to 157. new york crude and brent crude are rising. 36 a barrel. and gold is approaching to $1900. this is at 1896. let's get to something that caught my eye, loosen

mark: i am mark crumpton with bloomberg's first word news.g the east coast in the united states are starting to run out of fuel. as north america's biggest petroleum pipeline fight to recover from a cyberattack. from virginia to florida to alabama, fuel stations are reporting they have sold out of gasoline as supplies dwindle and panic buying sets in. colonial pipeline does not expect to be able to substantially restore service before the weekend. pediatric researchers are investigating whether covid-19 is becoming more severe for children. the cdc says since early april, the rate of cases in young kids and early teens has been surpassing that of those 65 and older, and hospitalizations for children with covid-19 are not falling as much as those 18 and up. that has researchers concerned that variants may be affecting children in new ways. including a rare inflammatory disease that has been linked to covid-19 infections. and the u.k., a milestoneha

now first word news with mark crumpton in new york city. mark: the number of new coronavirus cases in the united states rose last week at the slowest pace since the pandemic began, as more americans are vaccinated. there were more than 286,000 new infections in the week that ended on sunday, up from the prior week, but the lowest number since september. that is according to data compiled by johns hopkins university. deaths also rose at the slowest rate in the pandemic. in india, health authorities are worried about a fungal infection seen in some patients which can disfigure facial features and even kill. they say those patients that have been on medication for so time are particularly susceptible. india is still in the midst of the fastest-growing outbreak in the world. motorists from new york to atlanta face a threat of fuel shortages as a cyberattack couples north america's biggest petroleum pipeline. the attack on colonial pipeline comes just as the nation's energy industry is preparing to meet stronger fuel demand from summer travel. in

. ♪ >> i am mark crumpton with first word news.resident biden will increase federal spending in the coming fiscal year in a new budget, according to the new york times. the annual deficit would be $1.43 trillion. today, the president of the cleveland fed spoke about it. >> we turned the tide on a once in a century pandemic, a once in a generation economic crisis, and families are beginning to breathe easier. we still have work to do, but our future today is as bright and wide open as it has ever been, and now we are facing the question, what kind of economy are we going to build for tomorrow? >> gop lawmakers rejecting the plan the senator of indiana told bloomberg television that mr. biden's plan is unbelievable and crazy. former president trump and his lawyer rudy giuliani have asked a federal judge in washington to throughout lawsuits accusing him of helping to incite the january 6 capital insurrection. both men spoke at a rally before the riot. mr. trump argues his speech was a presidential back, for which he cannot be held leg

. ♪ mark: i'm mark crumpton with bloomberg's first word news.overnment experts are projecting covid-19's toll on the united states will fall sharply by july, but the centers for disease control are also projecting a "substantial increase in hospitalizations and deaths" as possible if unvaccinated people do not follow basic precautions. the cdc reporting an average of about 350,000 new cases each week, 35,000 hospitalizations, and more than 2000 deaths. gary gensler sending his strongest signal yet that the wild trading in gamestop could lead to new rules for online brokerages and firms that dominate the business of executing stock trades. he said popular trading apps encourage retail investors to buy and sell more frequently, something that can trigger lower returns. foreign ministers from the group of seven nations are singling out china's treatment of its uighur minority and has spread some concern over russia's buildup on ukraine's border. following two days of talks in london, the ministers have said they are deeply concerned about human rig

mark: i am mark crumpton.advisor to president obama on both -- on president biden for code response as the centers for disease control would decide soon on whether to update its mask wearing guidance when it comes to travel. he spoke with bloomberg's david westin. >> as of now the cdc is saying if you're going to an airport to get on an airplane, wear our mask. they may update guidance as they learn more. i think for the meantime we need to understand the cdc puts out what it has. ed has got a lot of guidance updates. if i was to travel, i would certainly be wearing a mask on an airplane. mark: he also says they plan that she plans to leave his post at the start of june. british taurus will get to relax on the beaches of portugal after officials in the country lifted restrictions on u.k. arrivals. officials say tourists from the united kingdom with a negative covid test will be able to enter the country starting may 17.

mark: i am mark crumpton. top diplomats from china and the u.s.e their diverging views on how to address regional and global crises at a china-hosted united nations security council event today. here secretary of state antony blinken. >> when member states, particularly permit members of the security council flout these rules and block attempts to hold accountable those who violate international law, it sends the message others can break those rules with impunity. all of us must accept the scrutiny, however difficult, that comes with the commitments we freely made. mark: the secretary of state and china's foreign minister were joined by several other foreign ministers. the british prime minister boris johnson's conservative party is running big in the parliamentary district north of london. it comes on the heels of the prime minister's brexit triumph and successful cover 19 vaccine rollou

that's golo.com. ♪ mark: i am mark crumpton. hoard gasoline, that plea from officials as the oil pipeline shutdown already begins to hit gas stations hard. according to retail tracker gas buddy, more than three quarters of stations in some cities are out of gas. colonial pipeline has told federal officials it will know by late today whether it is able to restart gasoline and diesel flows that have been on hold since criminal hackers targeted the company last week. the european union's executive arm once to block 27 member states to ban all non-essential travel to and from india. the so-called emergency brake is an attempt to limit the spread of the covid-19 variant the tech did in india. india has reported more than 200,000 daily infections for 21 consecutive days. 254,000 have died. experts say that could quadruple to more than one million before the pandemic comes to an end. there

mark: i am mark crumpton with bloomberg first word news.an soldiers pull out of afghanistan, the taliban is warning the u.s. military not to set up bases in the region. that group says pakistan is vowing that no american bases will be allowed in its territory, and no u.s. drone strikes from pakistani territory will be permitted. the statements, amid speculation that the u.s. will want a nearby area from which to launch strikes against militant targets. u.k. prime minister's former advisor is criticizing his old boss, saying he is not fit to run the country for top speaking during a hearing in parliament today, dominic cummings accused oris johnson of not taking the covid-19 questions seriously enough when it began and was even critical of himself. >> in any sensible, rational government, it is completely crazy that i should have been such a senior position, in my personal opinion. it is completely crackers that someone like me should have been in there, same that it is crackers that boris johnson should have been in there. mark: cummings sa

i am mark crumpton. this is bloomberg. >> i am kailey leinz. welcome to bloomberg markets. here are the top stories we are following. european leaders are debating possible measures against belarus one day after the diverted flight and forced landing of a ryan airplane. the latest from brussels. we talked a colony capital ceo marc ganzi. and later on in the hour, we will speak with the ceo of an electronics company about the company's new direction as it deals with a global chip shortage. a check on the markets. it is green across the screen. all major equity benchmarks higher. every sector within the s&p 500 is positive. what is outperforming on the day is big tech. the nasdaq 100 up 1.75%. inflation concerns seem to be easing in this market. that is sending yields lower. down about one basis point the u.s. 10 year yield to 1.6%. cooling in commodities, but oil and exception. wti crude rallying back above $65 a barrel. bitcoin continuing volatility over the weekend, at one point sunday falling to $33,000, now trading at $37,334. back to the situation involving belarus. eu

this is bloomb♪ >> i am a mark crumpton. the u.s.ket continues to thaw as more americans get vaccinated and returned offices. these economic green shoots are gleaned from the weekly jobless claims report. last year there -- last week, applications for jobless claims report fell to a low. still, the claims levels remain elevated in comparison to pre-pandemic levels. dr. fauci says the odds that covid-19 will surge in the united states are low but that it is up to the american people. >> we don't want to declare victory prematurely, but if we can get 70% of adults vaccinated with at least one dose by the fourth of july the where the president has set the goals, i think the chances of there being a surge or a rebound is extremely low. it's the reason we want to continue to keep people vaccinated. >> dr. fauci expects all americans to vaccinated by 2022. here in manhattan, a billionaires million-dollar island opens tomorrow. is a platform of grass, trees, and winding pathways mounted on concrete piles where p 54 used to be. throughout th

i'm mark crumpton, this is bloomberg. ♪ amber: welcome to bloomberg markets.att: we welcome our bloomberg audiences each day at this hour, here are the top stories we are following for you from around the world. another selloff for bitcoin. the largest digital currency tumbled as china reiterates its warning that it will crackdown on mining to control financial risk we will discuss with the ceo of blockchain.com. tim cook takes the stand, we will bring you the latest on apple versus epic court battle as the ceo of apple defends his platform. we will bring you the details on canadian national's $30 billion crib -- purchase of kansas city southern. the first railroad could operate from at -- canada down through the u.s. and onto mexico. amber: back on track, i see what you did there. let's get our viewers on track with the market action right now. we could see the dow is the outperformer right now. that is being led by shares of boeing. we are seeing a modest pullback in tech. tech has had a banner week here in canada. it has been a rough ride for bitcoin invest

mark compton. --crmpo --crumpton. dr.old nbc news he thought the fda would issue an emergency use authorization of the pfizer vaccine within several days. if the fda grants by authorization, the cdc would meet and make recommendations for how the vaccine should be distributed to adolescents. new york yankees and mets fans be able to get free tickets if they get the covid vaccine at either of the two teams facilities. it will be the one shot johnson and johnson vaccine. the incentive comes as both of those teams assess they will have separate sections for vaccinated and unvaccinated fans. trying to build that countries last -- next government.

. ♪ >> i am mark crumpton with bloomberg first word news.mber merkel is weighing in against the u.s. proposal for patent protection. the plan would create severe complications for the production of vaccines. the form suitable industry has argued that the incentive of profits, drugmakers might not move as aggressively to make vaccines in the future. the new poll shows the number of americans who have not gotten a covid-19 shot, but played you is at 9%. the national survey indicates that reaching widespread immunity in the u.s. is becoming increasingly challenging, and with federal authorization of the pfizer vaccine age -- for kids age 12 to 15 soon, some parents are reluctant to get their children vaccinated. united states is boosting security assistance to the ukraine to counter russia's aggressive

i'm mark crumpton. this is bloomberg. ♪ matt: it is 1:00 in new york, 7:00 in berlin, 1:00 a.m.n hong kong. i'm matt miller. welcome to bloomberg markets. here are the top stories we are following for you from around the world. megamerger monday. the details on at&t's and discovery's $43 billion deal as a telecom company sheds its media assets less than three years after acquiring them at an eye watering loss. president biden announces he is sending vaccines abroad. we will hear from him in a few moments on his plan to send 20 million additional doses to other countries that need it most. and we will discuss how businesses will handle the relaxed mask mandate's, with dr. sabra klein of the johns hopkins bloomberg school of public health. a quick check on what is going on in the market today. a steady drop of about half a percent in the s&p 500 this afternoon. we have seen this throughout the session. u.s. 10 year yields up slightly at 1.6352. the bloomberg dollar index falling a little bit to 1119. new york crude coming up to 66.34. a little movement to the upside and in other r

i'm mark crumptom --crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets.da laying -- amanda. in just a moment, we will speak to bruce heyman, the former u.s. ambassador to canada. we will discuss the latest numbers and how it could affect wages. ahead of disney's earnings, we will speak with -- >> we are watching markets a little more positive action for equities. inflation remains one of the key stories showing up on the producer saying perhaps transitory. you can see as and p virtually unchanged. -- you can see the s&p virtually unchanged. all but energy had been higher. energy is correcting a little bit. you see the price of that commodity come down. you have seen a across utility and tech. we are seeing a tone and attitude. there is a bit of crossing that should be positive for anybody that wants to return to normalcy. the cdc is saying that as soon as later today, they may issue new guidance on vaccinated people and the requirement that they wear masks. the updated guidance reportedly that the transmission rate for vaccinated people is very low. no ri