the u.s., looking at a number of different public programs -- medicaid, medicare, v.a., dod -- big payers for prescription drugs also looking in the private sector. gao had not done for more than a decade, comparing how the u.s. prices look when looking at other -- reflecting other company -- other countries that have a high per capita income. host: give us a sense of the brand name pharmaceuticals you have compared to other countries. guest: we look at two brand-name drugs that were a large part of spending and use in the medicare script drug program, and so in the end, we had 41 drugs that represent significant spending on prescriptions and medicare and that were also available in at least one of three other countries -- australia, france, canada. 20 of those were available in all three countries as well as the u.s., and one example that we traced through with different prices was so nor elect, a commonly prescribed drug for pulmonary obstructive disease. there were 21 drugs that we compared

the u.s. trade. wendy also possesses deep knowledge in east asia which is of particular importance given its economy. he has written extensively at u.s. policy towardstt china including religion to trade and commerce. thank you again for sharing your expertise with us today. as the united states slowly emergence of more induced, and the u.s. economy begins to pick up this is a perfect moment to discuss the state ofo the u.s. trade strategy and how u.s. trade relations fit into the bynum administration foreign policy. i am particularly interested to know successful and sustained datable u.s. policy would look like in light of the biden administration to pursue a foreign policy for the middle class. can we also have trade policy for the middle class. i look forward to hearing wendy's thoughts on this matter. leslie before i forget thank you viewers for joining us for this event. if you have a question like to ask wendy please submit using the q&a function on zoom or tweet your question to at. wit

the u.s. has to respond. if the u.s. escalates, this is a very fragile part of the world, from an environmental standpoint. to militarize the arctic could potentially lead to other problems. host: always a good, wide-ranging discussion when you come on. -- the medal of honor. ♪ susan: greg francis, you have a new book out called "just harvest." what is it story? greg: this is a story that depicts the plight of black farmers in america in a landmark case

and the u.s. that are developing strategies to address the current situation and put in plans for future pandemic preparedness. you cited the surveillance important work on setting up , surveillance systems. that would be much more robust. what would be your main view on what the g7 and the g20 countries and the u.s. and the u.k. in particular should be doing in contributing to this goal of vaccinating more of the world? fmr. pm blair: the first thing is, the way these international things work, i can tell you from long experience, is you have summits. what i call communiquÉ summers -- summits. at the end of the summit we say we discussed it and decided there were problems and want to make the world a better place that everyone goes home and the consequence is not much. or there can be places where you actually get practical agreement. and if you want practical agreement, your best start is building it block by block. in my view the u.s. and the u.k. , come together and say here are the four priori

the u.s. do to de-escalate the situation. what scholars -- with scholars from the washington institute on u.s. policy. this is one hour and 15 minutes. youtube or the washington institute website. i know we have gathered at a time of tension in the middle east, of crisis, people have been glued to their tv's or online capacities to follow what has been a very tragic situation, whether in jerusalem, whether in gaza, whether it is an oscar lawn or tel aviv, and in the streets of israel, where we have seen this a russian of intercommunal violence we have not seen in a long time. there is so much to discuss today. before we go to the panel, it is a very changing situation, and we will may be look very briefly at one slide about kind of the state of play. these are the numbers we have from official sources. there will be differences, the gaza health ministry have their take on how money palestinians have been killed, others have other takes. i think a spokesman claims over 100 hamas militants have b

the u.s. compared to the other countries. just at a high level, some of those issues are that the countries vary as to whether s they have universal coverage for prescription drugs. that's true in australia and .sr france but not in the u.s. or canada. whether or not they have national regulations that affect the drug prices, make ceilings on the prices or require comparative effectiveness. and the other three countries have that. the u.s. has individual programs, individual health plans, individual public es. programs, but not a national approach to regulating drug prices. a third reason is differences in the distribution and supply ctur chain for drugs. in the u.s. there are a lot of entities between the olesal manufacturerer and the pharmacy. that includes wholesalers, it includes health plans, policy benefit managers. entit there's just a complex supply chain where number of entities c involved, each of which the money flows through and gets paid for those services. the two last quick reaso

but if the u.s. lanning to take up all of its issues with russia, this just adds one more issue to the plate. so it's certainly relevant to a conversation they were planning to have anyway. haidi: a long list of grievances. biden is more critical of putin and his predecessor, how does his history play into this? jack: clearly biden is trying to establish a much tougher tone towards putin himself then former president trump. as i mentioned, outright calling putin a killer. a negative back and forth between them. biden and secretary of state antony blinken have said that the u.s. is not going to go out of its way to take shots at russia, but they will push back on them when necessary. but clearly, it's important to keep in mind that this is something the u.s. was looking to set up. they wanted to proactively reset the way they talk to and about russia and create a contrast with what we saw from trump. shery: we will be watching closely. june 16 is the summit. bloomberg senior reporter jack fitzpatrick.

the u.s. has to respond. if the u.s. escalates, this is a very fragile part of the world, from an environmental standpoint. to militarize the arctic could potentially lead to other problems. host: always a good, wide-ranging discussion when you come on.

the u.s. urt has formally lifted all restrictions on shares as it prepares the report earnings. we take a look at what to expect as it emerges from the pandemic. haidi: let's take a look at how we are setting up this midweek session. sophie. sophie: we may see some consolidation at the msci index cap with a four-day gain. that is the best winning streak in about five weeks. we are seeing a move to the upside for nikkei futures in chicago. kiwi stocks gaining some ground ahead of the rbnz decision. looking for any tapering potentially from governors lady today. the dollar in focus. it has slipped to a january lowl , while trading at six year lows. that is why the yuan is trading at a three year high. we will watch the tolerance for that yuan strength. while we are seeing the dollar under pressure, turning up the board on the terminal, we are seeing gold gains. it reversed the year-to-date losses with trading at more than four month highs, holding around $1900. bmo capital saying we could see it

the u.s. in the good friday agreement. because it is a u.s. priority, and because we must not just deal with the troubles of today, but also deal with the issues of full implementation going forward. with that said, i hold this hearing to allow us to better understand the process and long-standing implications of the good friday agreement in the present day. with that, i will recognize for opening statements. >> good afternoon. thank you, chairman keating, and to our esteemed witnesses today who were instrumental in ushering peace and stability in northern ireland. the united states remains committed to supporting the hard won progress made in northern ireland since the good friday agreement, and helping achieve a prosperous and lasting peace. ireland and northern ireland are a dear place for me and for the people of pennsylvania that i represent. i know the people that everyone in our community represents. my grandfather migrated from the border region. my father helped found the irish-america

the u.s. to do anything meaningful? there are not many possibilities the administration can move forward constructively. the current crisis has come about -- and represented the challenges the u.s. faced. to wrap up quickly, i think it underscores the challenges we face and what the administration needs to do is rethink what it needs to de-prioritize. we have to note that -- there is no special envoy on this issue. this underscores the urgency of channels of engagement. the underlying drivers are not addressed. the fire is lit by the parties. the u.s. could be in the role of ignoring, but sometimes ignoring is fuel, or fighting. if we don't want to find ourselves in the constant pendulum swing, we need to be in the business of active fireproofing, and that will be the question for the administration as it moves forward. david: great, thank you, lucy. these are helpful questions. american policy questions will be put. do both sides of this, looking at the internal hamas dynamic, and you are in t

vonnie: the u.s. congress has passed legislation aimed at combating hate crimes against asian americans and pacific islanders. the house sends the bill to president biden, who says he will sign it. it will expedite federal reviews of hate crimes. attacks against asian americans has been rising amid the pandemic. 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 vonnie quinn. this is bloomberg. haidi: still ahead, james hardie industries ceo jack truong joins us later in the show. investors are still unhappy with the forecast. next, we are going to be hearing from south korea on the debate on whether the country's women should be subject to military military service. this is bloomberg. ♪ ♪ shery: taking a look at u.s. retailers, walmart shares jumped after posting strong quarterly sales growth and boosting profit outlook. impressive given it faced tough comparatives with last year. home depot showed continued

biden says the u.s. will not reach the cap this year. a question that has intrigued berkshire hathaway investors for years. warren buffett has answered the succession question publicly. buffett told cnbc greg abell would take over if buffett were to step down. abell now runs noninsurance businesses. buffett himself is 90 years old. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. >> coming up, currency volatility and the impact on corporate earnings. ♪ >> the real battlegrounds may be in currency. indices raising their all-time highs in february before retreating slightly with em currencies at a crucial level. this might just be the month to pay attention to foreign exchanges. our next guest says the negative currency impact on corporate earnings fell the last quarter. could this be the calm before the storm? >> i think it was in q4 and we are going to see q1 faced serious

the u.s. media julies its government rather than question its government the only time they question it is if they're doing it for ideological reasons based on their particular identity i am a side of the sea will question the republican president fox news will question the democratic president but neither one is really questioning for the sake of what's healthy for our country in other words there was a time when journalism in america meant that if we thought a car country was doing something wrong these are the vietnam we question the actions of the naacp we said to our own government you're wrong and i want you to prove to us why you're doing what you're doing today anyone that we go into is a good war and enemy that our leaders say isn't their enemy we just say i os are ok i guess there are adamant that's wrong and they're giving them carte blanche to do what they're doing and it's all agreed when they know that the media as not going to hold them to account for these politicians or run amo

in the u.s. rnment is absolutely committed to doing our part in playing a leadership role that the world is accustomed to seeing for the united states to help lead the world out of this pandemic. and to do that in a way that we can do in a better way to detect biological responses. the work that i am leading will be central to this effort, and i just want to talk through some of our plans for tackling this next page -- phase of the pandemic and the challenges it holds. i last spoke to them for months ago, in that time the number of fully vaccinated americans has grown from 10 million to 124 million and rising thanks to the ministrations robust focus on accelerating vaccine availability. so we are making significant progress, but we also recognize that no matter how many people we vaccinate at home, the united states will not be fully safe as long as the virus rages on and continues to replicate and generate new and more dangerous variants the current surge underscores the devastating consequences

and the u.s. that are developing strategies to address the current situation and put in plans for future planned -- pandemic preparedness. he cited the important work on setting up surveillance systems. what would be your main view on what the g7 and the g20 countries and the u.s. and the u.k. in particular should be doing in contributing to this goal of vaccinating more of the world? >> the first thing is, the way these international things work, i can tell you from experience, you have [indiscernible] at the end of the summer a communique is issued and they want to make the world a better place and everyone goes home. the consequence not much. or they can be places where you actually get practical agreement and if you want practical agreement your best shot is building at block by block. in my view the u.s. and the u.k. come together and say here are the four priorities for the g7. surveillance, working out how to increase vaccine production, distribution effectively and helping countries to abso

the chairman of the u.s. rest --foreign relations committee is a hawkish pro-israel member of the senate. biden is focused on israel and u.s. domestic politics and to the extent he differentiates with the obama administration, it is about israel and that is central. i want to add to this -- forward secretary of state mike pompeo from the trump administration is also on his way to israel because he understands that for biden, having the relationship in a good place is critically good for biden and important for secretary pompeo's prospects to run for president in 2024. this gets into the nitty-gritty but in terms of what is driving the u.s. agenda with iran, it is very much u.s. to message politics and the u.s. israel relationship. >> i want to ask you more about the nature of the deal itself. the u.s. as a rent needs to dismantle some of its nuclear activities before the u.s. is going to join the deal. what will the u.s. need to see to get to a position where it would be willing to rejoin? >> that's a very goo

what an interesting market in the u.s. we are very, very focused on what is happening with real yields. they are deeply negative yet tech is not outperforming, the financials are. energy stocks are. lisa, this is a nuanced market. we have a lot to talk about. lisa: but not a snooze fest. that is the distinction to also borrow from tom was not if you look at the inflation breakeven rates, the highest level since going back to 2006. look at the three year rate. the idea people are pricing in inflation but not representing himself in the absolute yields. 8:30 this morning, we get jobless claims. noisy by giving tea leaves at of tomorrow's payroll report. 12:00 p.m., the house is holding hearing on gamestop and the volatility in markets around them. yesterday the sec chair indicated he would be willing to have more regulation on the likes of robinhood and citadel in the wakes of what we saw i'm gamestop -- on gamestop. at 4:00 p.m., interesting as well, the fed releases financial stability report after fed chair powell used the

the u.s. raw instead by september 11, the 20th anniversary of the 9/11 attacks. fighting was also reported in other parts of the country. back in the united states, president biden has tapped richard cordray, the former director of the consumer financial protection bureau, to manage the federal student aid program within the department of education. the move was welcomed by progressives as student campaigners and many top democrats continue to pressure biden to use executive action to cancel at least $50,000 in student debt per borrower. a federal judge has ordered the justice department to turn over an internal memo used by then-attorney general bill barr in 2019 to justify clearing former president trump of obstructing justice in relation to the russia investigation. the judge accused barr of misleading her court and congress about advice he said he received on the matter from top justice department officials. the national oceanic and atmospheric administration released its updated figures fo

shery ahn: the u.s. warns people not to travel because of a fresh flow of confidence ahead of the olympics. take a look at what wall street is doing now, u.s. futures are gaining a little bit of ground after the s&p 500 rose in their new york session. almost all grouped in the s&p 500. tech led the gains. climbing as inflation fears ease. nasa 100 outperformed the index out the closing of the two week high. crypto reeling to stocks near the session highs after elon musk tweeted that he is in talks with bitcoin miners about their energy usage. we are seeing wti coming online after a little bit of pressure, climbing the most in a month. they remain in negotiations aimed at reaching a deal to end u.s. sanctions. let's see how we are standing up for the asian open. here is sophie in hong kong. sophie: looking at a mixed start for asian markets after we see the index with a little change as the gain from cyclicals was offset by the drops we saw in tech shares. in the currency space, the yen is off after edging

and so as we look at the u.s. loand the uk which are two of the largest players in international development i think we have not only a special responsibility but a special opportunity to foster that so that doess not become what sets us all back. the final point i keep coming back with is what i really like about this report it is a long-term roadmap. i'm worried right now in the u.s. because we are seeing somee positive numbers we have a tendency to stop looking at -- we take our eye off the ball proving to be thinking about what is down the line because that is a real risk. we could see everything come undone. you could argue that we need to -- some criticize vaccine nationalism. i do not criticize vaccine nationalism. it's in our self-interest i do criticize vaccine populism. we're only looking at the immediate if that becomes the only prism to which you are viewing this you saved yourself why should we worry about what's going on around the corner or overseas? if you have enlightened self interest you realize

in the u.s. rnment is absolutely committed to doing our part in playing a leadership role that the world is accustomed to seeing for the united states to help lead the world out of this pandemic. and to do that in a way that we can do in a better way to detect biological responses. the work that i am leading will be central to this effort, and i just want to talk through some of our plans for tackling this next page -- phase of the pandemic and the challenges it holds. i last spoke to them for months ago, in that time the number of fully vaccinated americans has grown from 10 million to 124 million and rising thanks to the ministrations robust focus on accelerating vaccine availability. so we are making significant progress, but we also recognize that no matter how many people we vaccinate at home, the united states will not be fully safe as long as the virus rages on and continues to replicate and generate new and more dangerous variants the current surge underscores the devastating consequences

but the u.s. committed to working with europe to find a solution to the real problem that led to the tariffs and that is global over capacity that given themselves i think to of the year to work out aluminum with eu and we have to see how those negotiations proceed. >> now do you see in your conversations in giving your extremes having negotiated some extremely trader issues -- in the past did it really strike me that in the trump administration, the president often used tariffs almost as a cohearsive measure on a weapon to say okay give us what we want and if you don't, i'm going to terrorist on you certainly the case with turkey you've seen that with european union and france. is there a loss of trust there that the biden administration simply won't be able to restore itself a little like the trump administration opening a pandora box where trade and terrorist used in new and innovative possibly hostile ways is there enough trust to be able to negotiate some of these really thorny trade issues th

the process. according to a former u.s. rector, these citizens saved thousands of american lives and now they feel they'll be prime targets for the militants when the u.s. leaves. my next guest james clapper wrote this. what they did made a difference in mission success and failure and between being killed or fighting to survive another day. we can and must do the right thing here. cnn national security analyst and a former director of u.s. national intelligence james clapper joins me from fairfax, virginia. thanks so much for joining us. >> thanks for having me. >> you've written this op-ed on cnn.com. in many ways it reads like a plea. why did you feel you need to publicize the plight of afghan interpreters? >> it's through the coauthor, a gentleman named keith sadler that i became aware of this situation since i did not actually serve in iraq or afghanistan. my war in air quotes was southeast asia. he got in touch with me and enlightened me as to the plight of these literally thousands of people, both in iraq and now and

overall, we still prefer the u.s. sa: i want to wrap up dovetailing the conversation we had earlier this morning with andrew slimmon into this dialogue. a question of this 11% miss when it comes to wall street estimates for earnings so far in the s&p 500. you were getting a little bit more cautious on some of the long-term stocks. what do you say to people who say earnings have been blowing out of the water? does that make you reassess. ? why do you dismiss it? seema: there have been a continued upward move in earnings expectations. you have to be very careful at this point. this is active management at this point because the you need to start thinking about which sectors outperform and which ones are going to do badly. we still like mega cap tech, but we just don't think you can sustain the kind of returns we saw last year. if you're looking at cash flow, those other companies which are really going to provide stability not just over the next few months, but a longer term. there is still a secular trade within your po

we have seen the u.s. ing to call for an outright cease-fire between israel and hamas militants in the gaza strip. president joe biden reversed course recently. we have nick from bloomberg news to help us get through the latest. nick, great to have you. president biden is saying the u.s. will work with the united nations and also assist israel with the iron dome replenishment. how big a turnaround is this for washington? nick: what you are seeing is very interesting. what struck me about the speech is how short it was, very quick. another thing, what president biden emphasized was that israel has the right to defend itself. the u.s. is a saying essentially that it believed israel did the right thing here. he is pushing back against some of the pressure from the left wing of the democratic party, who really wanted to take a firmer line against israel and support the palestinians. but he also emphasized the amount of paloma see that happened out of the public eye. and that is becoming what we are seeing is a

very few markets like the u.s. we are starting to get people going back to stores, people are starting to have a more normal life. if you think latin america, if you think large parts of europe and countries in asia, singapore but japan also facing levels of lockdown. it is really uneven. we are seeing for the most part in the second quarter, we will still be navigating very different levels of volatility. we hope by the second half, or towards the end of the year, we will see a little more homogenous situation. it depends how fast the world can get vaccines across all of the markets. alix: we got retail sales in the u.s. today and the theme is we are seeing more money spent on services than goods. i wonder if you noticed any change in the u.s. as we have seen a reopening? roberto: we are seeing in the u.s. that even during the pandemic the customers turned a lot to e-commerce and online. we saw in our business across the globe, the u.s. as well, a significant increase in our online. today about 50% of our business

and the u.s. that are developing strategies to address the current situation and put in plans for future planned -- pandemic preparedness. he cited the important work on setting up surveillance systems. what would be your main view on what the g7 and the g20 countries and the u.s. and the u.k. in particular should be doing in contributing to this goal of vaccinating more of the world? >> the first thing is, the way these international things work, i can tell you from experience, you have [indiscernible] at the end of the summer a communique is issued and they want to make the world a better place and everyone goes home. the consequence not much. or they can be places where you actually get practical agreement and if you want practical agreement your best shot is building at block by block. in my view the u.s. and the u.k. come together and say here are the four priorities for the g7. surveillance, working out how to increase vaccine production, distribution effectively and helping countries to abso

coming up, back on track, the u.s. half of adults will have received their first shot by the end of this week. this is bloomberg. ♪ >> we are on track to reach our goal to have enough doses being delivered to vaccinate 70% of the adult population in the european union by the end of july. >> the most important thing to do now -- >> both vaccines and essential substances. manus: european leaders meeting for a two day summit in brussels. saying half of e.u. adults will have received the first dose of vaccine this week. let's get to brussels, the e.u. committed to sending the vaccine to developing countries by the end of the year. the u.k. mortar concerns grow. maria extent -- maria is standing by. where are we by the end of the summer on herd immunity and the vaccine? >> the numbers in europe really speak for themselves. the head of the european commission said that by the end of the summer there will be herd immunity. what could change this year is that she's looking now at the end of july. the initial goal was the end o

they knew the u.s. irelessly to deny the regime, the dollars it needed to fuel not only its nuclear program but it terror campaign around the world, ballistic missiles at range with accuracy, all the elements of power were denied to the regime until they formed into a series of missions we laid out for them and part of that was walking away from the nuclear deal that wasn't enforced that was written on. last, abraham of what we laid out a vision for peace in the middle east including a path forward for the palestinians which will spend a lot of time talking about today. fast-forward, you can have a better life but your corrupt regime in gaza and corrupt regime that undermined israeli sovereignty and they will have to change their ways we are not going to let that stand in the way of us building a peaceful relationship. a strategic understanding that will further prosperity for the. those are three central elements and what you ask, having come undone, the biden administration attempted to undo that by si

more on this story on al-jazeera and specifically focusing on the u.s. response to the israel palestine conflict joining me now is phyllis bennis she's a fellow at the institute for policy studies and author of the recent book understanding the palestinian israeli conflict phyllis is joining us via skype from washington very good to have you with us on al-jazeera i want to talk to you about the u.s. response to the conflict as we heard from our correspondent in washington earlier president biden's message is what we've heard from american presidents of both parties whether republican or democrats for decades but this conflict it seems is being viewed differently in the u.s. this time around what do you think has changed. i think what has not changed as you say is the position so far the by the ministration what we know about the conversation between president biden and the israeli prime minister and mahmoud abbas is that he has not called for a cease fire he has not put any pressure on israel to stop the slaughter that's underway in gaza and this is a ver

meanwhile the u.s. ontinuing its telephone diplomacy, reaching out to key leaders in the region to negotiate behind the scenes. anchor: earlier, the advocacy director for the palestine institute for public diplomacy was on the phone, which is an independent palestinian organization, and answered the question, does the population in gaza really support the hamas group right now? reporter: we focus on hamas and the way they choose and the tactics they choose. we have to remember that israel's occupation, and it has been occupying gaza before hamas existed, so every time rockets are fired from hamas, it is in the political interest of israel to point the finger and turn the attention from theealroblem that they're not willing to solve, which is lift the blockades and basically free palestinian people from occupation and the regime they lived under. -- live under. the palestinian people see the only resistance they see and this is a calculus of hamas, that the only resistance and the only reaion coming from

the u.s. a id covid task force serving four years in the obama administration as director of usa ids office of u.s. foreign disaster assistance where he led the u.s. government's response to international disaster including ebola outbreak in west africa. before joining the government, a senior policy fellow of the center for global development. thank you for your willingness to serve again, we appreciate it very much. the last time this committee held a covid hearing, june 2020, there were nearly 8 million cases of covid around the globe. more than 2 million were in the united states and at that time, the disease claimed more than 115,000 lives in this country alone nearly a year later, this deadly disease killed more than 3 million people, nearly 600,000 our fellow americans in addition to the devastating personal toll pandemic has had a catastrophic economic impact according to the international monetary fund, the global economy contracted by negative 3.5% in 2020 alone. a severe shock, acute

the u.s. threatens to a bed supplies with no restart insight. the white house vows a crackdown as ransomware packers up the ante. australia's prime minister reports the appetite to open borders -- no plans to open borders soon as sydney extends restrictions. annette focus of attention on the economic recovery. after a week u.s. jobs report eases concerns about quÉbec since to mills focus now on inflation and retail data. kathleen: time for a quick check on early trading to start the week. we are going to look at the s&p futures. you may recall if you are watching the u.s. friday, the s&p 500 did hit a fresh record. you can see it looks like it is trying to build on the gains now. it was after the jobs report was weaker than expected, leading to investors and traders to assume, the fed may not be quick to taper bond purchases, let's buy stocks. now, the dollar on the same supposition, slumped to a tenant half week low -- a 10 and a half week low, and this is giving a halo around emerging-market

the u.s. and the u.k. today. the origins of covid-19, experts are asking china for information regarding the wuhan lab leak theory. we are under one hour away from the start of cash trading. i'm repeating myself over and over again. that is likely to continue for the next four hours. let's take a look at what's going on in terms of futures this morning. we are looking at losses. although very slight and you are going to see very light trading today. in just a moment, we will talk to an expert about what that means for markets. take a look at the global macro movers screen right now and this is one of my favorite bloomberg functions because it shows you not only what is moving but what is moving the most. do we have a screen in front of our screen? it looks like a camera. there you go. taking it full-screen to make it easier. you can see there are no giant moves. if there were, you would see black boxes inside the green and red boxes but there are some pretty distant -- decent moves. you are mak

in the first 100 days of joe biden's presidency, the u.s. en a record number of migrants crossing the southern border. most get sent back to mexico, but some seeking asylum get to stay here. the town of yuma, arizona is where many migrants have the replications processed. we have reports. reporter: -- >> [speaking spanish] reporter: this is where a new life begins for some asylum-seekers in the united states. >> [speaking spanish] reporter: border putter head just released them from custody in yuma, arizona. >> when they are released, they are tested, fed, we take them to a shelter that will assist with the next up in the process to be able to get to their families. reporter: in the absence of government action, this responsibility is taken on entirely by volunteers, who realize migrants were initially being dropped off on the streets without getting tested for covid and with no shelter. we meet adrian and his family, just four of the thousands of migrants who have entered the u.s. in recent months come originally from nicaragua, seeking poli

the u.s. has condemned the forced diversion of the flight and is calling for the activist's release. the european commission president blasted belarus outrageous actions. and fred joins us from berlin. what are you learning about the arrest of the opposition activist and what will likely happen to him now? >> well, it's quite troubling for a lot of people that he is in the detention of the authorities there in belarus, and there was a politician on cnn a couple hours ago and they believe he could indeed face torture by those authorities, and i have witnessed the brutality of the police force when i covered some of the protest that took place there last summer. it was really this telegram channel that he's one of the founders of that put in the light some of the police brutality going on, and there's a lot of concern about his safety and about him being in detention. one of the other things we have to keep in mind is he's on the terrorism list, there in bell araous, and there are folks in the op

to arrive at the truth, the u.s. government should admit that the wuhan virology institute was experimenting with this virus. juicing up super viruses is not new, and scientists have long known in the u.s. how to mutate animal viruses to infect humans. for years, a -- a virologist in the u.s. has been collaborating with a doctor from that virology institute. this research has been funded by the nih. the collaboration between the u.s. and the wuhan virology institute continues. they worked together to induce bat virus protein into the backbone of the deadly sars virus and then used this man-made super virus to infect human airway cells. think about that. the sars virus had a 15% mortality, and we are fighting a pandemic that has about a 1% mortality. can you imagine if a sars virus that has been juiced up and had viral proteins added to it, if that were released accidentally? dr. fauci, do you still support funding of the nih funding of the lab in wuhan? dr. fauci: senator paul, with all due respect, you are entirely a

the u.s. especially yesterday, we did see the russell 2000 really outperform the nasdaq for the second consecutive day, really getting a boost off of those expectations that that stimulus plan is going to further fuel this u.s. recovery. there are all these questions around, yes, this is just a starting point for negotiations, what could actually come through? markets are focused on this is more fuel to the growth engine in the u.s. anna: it paints a picture of an administration that wants to push forward with aggressive fiscal spending. what does that do to debt levels and concerns? debt markets have been very forgiving of governments that said we need to borrow a load of money to get through this. debt markets have been forgiving. they were much more worried about the bottom falling out of global growth but now we sit here with these u.s. treasury yields. they have moved up slightly. what are we expecting to see on the markets focus on debts or not? >> markets are not focused on debt and that

the president says the u.s. will be the world's vaccine arsenal sharing at least 20 million doses by the end of june. haidi: the west cancels it singapore meeting as the virus cases spike and elsewhere around the world. the travel bubble with hong kong also back on hold. shery: a bloomberg skate. china is pushing to join the trade deal that was designed to exclude it. officials from australia and other countries have been talking with chinese counterparts. haidi: it's ceo. shery: this is a picture, u.s. futures muted at the open after the s&p 500 fell for the first time in three sessions. nasdaq 100 underperformed. chipmakers continue to be under pressure. this is the philadelphia semiconductor index dropping 10% from a peak in early april, entering technical recession. the dollar also was under pressure today, after we saw the weak chinese retail data overnight. we saw it advanced. it is now under pressure. take a look at what wti is doing. it is extending some of those gains we saw in the regular session after

the u.s. dollar index has a race some of the losses. major cryptocurrencies slumping, the pboc reiterating they cannot be used as payment, spooking some investors, 5.2% down. let's go to iron ore, a bit lower, record highs of late. steelmaking bigger deal than ever in china, as a result iron ore demand has been strong. today, not so much. let's get to mark. bitcoin, china morning on crypto. what is the message from the bitcoin futures contract? guest: pretty negative, really. there is not much going right at the moment. it is one of the best ways if you want to short bitcoin when the news is bad, one of the best ways you can do that. that is certainly the message we are getting from the trade flows we are seeing coming through. bitcoin futures will roll over into the tomb contract, and the spread between the two has been narrowing very quickly, less than $100 now. it is likely to be the smallest spread we have seen for a rollover since the futures contract started. that is a negative cycle. it