i am vonnie quinn. this is bloomberg. shery: concerns growing about a pullback in u.s. stimulus. rafael bostic says the central bank should consider beginning tapering after another month or two of job scans. bill dudley says he sees less chance of a taper tantrum this time. >> i think the risk of a tantrum this time is less because people understand the game plan. first we taper and then we raise short-term rates and then we start to let the balance street -- balance sheet strength. >> he is buying into our exposure to equities. let's bring in the ceo. great to have you back. with the correction come in the form of another taper tantrum given what the fed will do and how big could it be? >> we never know what will cause the next correction in the market. we know it has been a while since we saw any pullback of 5% or more. especially given the huge run-up we have seen year-to-date in the markets without any pullback so far this year. i would expect that to happen before the end of the year. investors sh

vonnie quinn is a new york. vonnie: a rebound in consumer spending despite harvest searches. new business investments and increased government spending helps gdp expand 1.3% from the prior quarter. private consumption rose .8% on a non-annualized basis where economists expected it would be flat. minneapolis fed president says that labor market strength over the coming months would set the stage for a tapering of central-bank bond buying. he was speaking on bloomberg. fed chair jay powell said bonds will continue at the current rate until he sees substantial further progress on inflation and jobs. >> if we see a few more jobs reports like the ones we just got i would say comfortable saying we have not completely fill the hole that we have been in but we have made progress, and then will be the time to start tapering out asset purchases. vonnie: the death goal -- toll continues to sort after an earthquake struck in haiti over that we can. nearly 1300 were killed. a state of emergency has been declared. the u.s. deployed search-and-rescue teams to help find survivors among the d

haidi: let's get you to vonnie quinn you has the first word headlines. vonnie: the death toll continues to soar after a 7.2 magnitude earthquake struck off the southwest coast of haiti over the weekend. officials say more than 700 people were killed and a state of emergency has been declared. the u.s. deployed search and rescue find survivors. a tropical storm is also forecast to hit haiti in the coming hours. the canadian prime minister has called a snap election after polls indicate his liberal party has enough support to retake a majority in parliament stop he met with representatives to request parliament be dissolved. the vote is scheduled for september 8. a poll found 50% support for his handling of the pandemic. india aims to invest one $.4 trillion in infrastructure to boost economic growth. the prime minister may d argument as he laid out -- made the argument. that will help integrate transports with the goal of cutting travel time and increasing productivity and competitiveness. the south korean president has left the door open for talks with ja

we go over to new york and join vonnie quinn. vonnie: hey, thank you. president joe biden says full approval of the pfizer/biontech covid-19 jab should clear the way for more private companies to impose vaccine requirements. the fda granted approval for the short for people 16 and older, as u.s. average covid daily deaths topped 1000 for the first time since march. it is the first vaccine to be fully cleared by u.s. regulators. this company has started issuing new disclosure requirements as the chinese company is seeking to go public in new york. they are also reportedly being asked about the risks of the chinese authorities may interfere with company operations. the taliban say there will be consequences if the u.s. delays its troop withdrawal from afghanistan past the august 30 one deadline. u.k. prime minister borris johnson is said to be pushing president biden to delay the pullout. the airlift is expected to dominate discussions. the pentagon says military officials are in constant contact with the taliban, coordinating evacuation efforts. prime mi

first word news with vonnie quinn in new york. vonnie: bloomberg has learned u.s. treasury secretary janet yellen is considering --china. no final decision has been made but if she does go, she will be the highest ranking writing official to do so. two previous face-to-face meetings between the two administrations were contentious. chinese diplomats warned the u.s. should stop criticizing china and drop sanctions. prime minister justin trudeau has called china's jailing of convicted canadian spies unacceptable and unjust. u.s. secretary of state antony blinken has called for the immediate reese -- release of all people detained in china. the verdict came as the cfo sites u.s. -- fights u.s. extradition from canada. moderna plans to enroll in a trial of covid vaccine in children under 12 following u.s. regulators collecting additional data. the drugmaker study will register in estimated 13,275 participants, a six month to 12 year trial according to the government website. it goes from late july. it would seek to enroll 7000. the taliban has seized three more provinc

i am vonnie quinn.omberg. >> still to come on bloomberg markets: asia, india -- >> just ahead, another day, another sector in the crosshairs for chinese regulators. find out why chip stocks are slumping, next, this is bloomberg. ♪ >> welcome back. the latest industry to feel the heat from authorities in beijing is the chip sector. let's get the details from stephen engle. we kept thinking where will the knife all and here we are, semiconductors. >> in the hardware space. we probably should have seen this coming. last week, we got a statement from government regulators saying they were probing allegations of pricing the manipulation. we saw some weakness late last week. the regulator back then said -- it did not name specific companies but it did say it would vowed to strengthen punishment of those who poured chips, manipulate prices or raise prices through collusion. now what we are getting today is state media and a commentary on the state broadcasters saying the regulators will show no tolerance for s

i am vonnie quinn. this is bloomberg. >> still ahead, more insight on inflation risks, the biden spending plan, with our guest later this hour. next, our interview with the new ceo of the hong kong exchange on the impact of china's widening crackdown on the ipo pipeline. this is bloomberg. ♪ >> the new chief executive officer of the hkex downplayed the regulatory crackdown that has dented ipos and cause stocks to tumble. nicolas aguzin says there is a record pipeline of deals in the wings. nicolas: we are seeing similar type of modifications to how big tech works all around the world. all platform businesses are being scrutinized how they use their data, how they manage information about their clients, do they have too much power, how will we manage how they deal with the public? so i don't see that as too different from other places. it may be in some sectors like education and a specific way we don't see too much in other places, but if you look at big companies, it is very similar. >> how is it impac

let's get you to vonnie quinn, who has efforts what headlines. vonnie: the pentagon is sending 3000 extra u.s. troops to afghanistan to help evacuate lemat spirit the u.s. currently has 4000 people at its kabul industry, many of them american citizens. president biden's partial evacuation order underscores how badly the u.s. has been caught off guard a rapid taliban advance. the islamist group is capturing 12 of at dennis dan's provisional capitals in about a week. alibaba says it is setting up a hotline and creating a team dedicated to investigating sexual harassment complaints and it says an inquiry into the alleged rape of a female employee by her manager is almost complete. the case has ignited a debate about sashimi across china tech industry. the allegations went viral and the ceo called the companies handling of them a humiliation. the u.k. chancellor of the exchequer promised the u.k. will not see a return to the austerity policies of the last decade. he did a round of broadcast interviews over the two men's approaches to spending. he said

that's get you the first word news with vonnie quinn. ie: the spread of covid-19 in japan's capital is impossible to control. this from a government official who told tokyo's governor that infections are "raging at disaster level." officials are considering whether to extend a that to expire at the end of the month. there were experts they the government sent mixed messages about the seriousness of the pandemic including allowing the olympics to go on. hong kong's population shrank substantially over the past year after the implementation of a financial security law. more than 89,000 residents left in the 12 months through june according to government data. a 1.2 percent drop. that brings hong kong's current population to 7.4 million people. canada's prime minister, justin trudeau, is expected to call a snap election this sunday, looking to capitalize, showing his liberal party with a large enough lead to retake a majority in the legislature. the vote will reportedly be held on september 20. public opinion polls show the liberals with 36%

let's head over to new york where vonnie quinn has the first word news. vonnie: thank you. u.s. vice president harris will look to bolster economic and military cooperation. it is the biden administration's highest profile trip yet to a region becoming more economically independent from beijing. the trip to vietnam will mark the first time a sitting u.s. vice president has visited since the war ended in 1975. secretary of state antony blinken and g7 foreign ministers agreed during a virtual meeting that the taliban's actions will determine their relationship with the international community. earlier, president biden said the islamist group was facing an existential crisis. biden also said chaos was unavoidable as u.s. troops withdrew. the who's africa director says booster rollouts in wealthy nations make a mockery of vaccine equity. the organization says high income countries have on average administered more than 103 vaccine doses per 100 people in comparison to just six in africa. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalis

i'm vonnie quinn.shery: next, we will assess the economic outlook for southeast asia with covid pushing the region to a breaking point. this is bloomberg. ♪ >> as far as the delta goes, it is difficult to tell if it is effective except markets that have slowed down. >> trying to get people to encourage them to come back. the delta variant has changed that. the cdc guideline has changed all that. >> where rents -- reinstituting the mandatory mass policy at all our sites. where providing incentives for good conversations with employees about the benefits. implementing safety guidelines with masking and social distancing. >> were going to work with governments based on the mandates. shery: some of the ceos we have heard from about that how the delta variant -- asking whether rebel recovery is hitting as headwinds intensify of support in the region constrained by the minute capacity and low interest rates. a winding road ahead for southeast asia. she joins us from singapore. your participating -- anticipat

let's get to the first word news with vonnie quinn in new york. vonnie: the extradition hearing for the huawei ceo is over, ending more than two years of proceedings that triggered unprecedented geopolitical tussle among the u.s., china, and canada. a decision from the canadian judge on whether to send her to the u.s. to face charges is --. china says the case is politically motivated. the united arab emirates says it is hosting exiled afghan president ashraf ghani after he fled afghanistan. speaking on facebook, ghani said he fled to prevent that should, and he is in talks to return to afghanistan, and that he did not flee with any money. meanwhile, the taliban has set up check points that cabell international airport. the imf says the taliban led afghanistan cannot access special -- rights ahead of an allocation next week. the company was supposed to receive $455 million. 18 republican lawmakers as of the previous day urged the u.s. treasury secretary to intervene at the imf to prevent access to the money. that biden administration will start off

let's get to vonnie quinn with the first word headlines. vonnie: president biden has vowed to provide federal support to those impacted by hurricane 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. -- hurricane ida which made landfall as a powerful category storm -- category four storm. biden met virtually with fema and the governors of louisiana and mississippi and promise day. >> we will get you what you need. we other people of mississippi and louisiana are resilient, but in moments like these, we can see the power of government to respond to the needs of people if governments prepare and if they respond. that is our job. if we work together, folks get knocked down, we are there to help you get back on your feet. vonnie: pfizer and beyond text vaccine has received -- they are on the cusp of the final signoff. ac/dc panel voted unanimously in favor of the two dose regimen for people 16 and over. it still needs a final nod from the cdc director. it b

over to vonnie quinn. vonnie: united arab emirates says it is hosting the exiled afghan president after he fled afghanistan. he said he wants to prevent bloodshed, adding he is in talks to return to afghanistan and that he did not flee with any money. the taliban has set up checkpoints at kabul's airports, preventing citizens from playing. the taliban led afghanistan cannot access special drawing rights ahead of an allocation set for next week. the country has $450 million worth of strs. house members say 18 republican lawmakers had urged janet yellen to intervene to prevent access to the funds. bloomberg's learning details about the types of questions the sec is asking chinese companies applying to go public in the u.s.. we are told they focus on their offshore corporate structures. theories include the nature and direction of cash flows which allow for circumventing beijing restrictions on foreign ownership. the sec has added four disclosures on foreign and regular tour risks in china. global news, 24 hou

let's get to the first word news with vonnie quinn. vonnie: thank you.the united kingdom, anyone 16 and older will be able to be vaccinated against covid-19. the government made the change after a recommendation from the health advisory committee. the panel says 16 and 17-year-olds should get the pfizer shot. officials are not recommending vaccinating anyone under 16 unless they have underlying health conditions. indonesia has recorded more than 100,000 coronavirus deaths, becoming the second asian nation to breach the threshold. it is adding fewer numbers of cases daily than the united states, its lower vaccination coverage and less equipped health care system has led to a higher death rate. only a percent of indonesians are fully inoculated according to bloomberg's vaccine tracker. almost one week after flopping in his debut, robinhood made a comeback today with an 82% stock surge. about 50% higher. speculation is swirling about what is fueling those moves. wednesday, march 1 day of options trading on the stock and kathy wood is continuing to add robin

i'm vonnie quinn.his is bloomberg. ♪ >> markets have priced in part of the fed's tapering with the base case in the fourth quarter sometime. the timing on the u.s. jobs market and the state of the economy. this is what the leading critic of the taper had to say about the risk. >> my worry is, if they don't fully account for these new forces, they may be behind curve. that may necessitate stronger tightening down the line. >> he is worried about the fed letting inflation getting out of control by not moving fast enough. our next guest is concerned about this as well, let's bring in the president and founder of kumar global strategies. are you concerned, too? >> i have been very concerned about defense policy, kathleen. the friday speech chairman powell gave at jackson hole made me even more frightened, in terms of what was ahead. essentially, given the fact that prices are rising at the record rate as you discussed a bit earlier, and you have rents increasing, inflation month-to-month on the cpi hitting

haidi: let's get you to vonnie quinn with our first word headlines. vonnie: president joe biden is urging opec and its allies to unleash more oil onto global markets. stressing the importance of affordable energy even as the world pushes towards green energy and climate controls. the appeal comes to days after calling them to shift away from carbon emissions as swiftly as possible. keeping prices at the pump low is important now. >> taking action to address gas prices as well. gas prices are lower than they were early in this decade. they are high enough to create a pinch on working families. >> the taliban has seized three more potential capitals in afghanistan and local army headquarters. officials say they control two thirds of the nation as the u.s. and nato finalize there with dollars after a decades long war there. the capital kabul has not directly been threatened. it raises questions of how long the afghan government can maintain control of it countryside. -- it's countryside. hackers returned a portion of the $610 million they stole from a dec

shery: let's turn to vonnie quinn with the first word headlines. vonnie: malaysia's prime minister and his cabinet have resigned after more than 17 months in power. this deals with the crisis of leadership in country hampered by a weakened economy at a surge in code cases. he says he will stay on as a caretaker prime minister until the successor is named. king says fresh elections are not the best option during a pandemic. china is promising to part ties employment rates fiscal and monetary policies. the state council says china still faces relatively large labor pressures during the current five-year plan, which ends in 2025. it says the emphasis should be placed on developing labor-intensive industries, vocational training, innovation and higher-quality jobs. pfizer and beyond tech have submitted early-stage data on booster trials. they say a third dose of the covid-19 vaccine leads to higher levels of protective antibodies. when given a 10 nine months after the initial doses. results from a larger final stage trial are due soon. the companies wan

i'm vonnie quinn. this is bloomberg. shery: the fcc reportedly has begun issuing new requirements for companies seeking to go public in new york. chinese firms have received detailed instructions about rate or disclosure of the use of offshore vehicles for ipo's. we are joined by the regulations reporter who has been tracking this out of washington. this does continue the theme we have been seeing of increasing pressure and the want for more transparency from these companies. >> it does. this is a little more in terms of what we have been seeing here from regulators in washington, the fcc. mastery cap bloomberg, some of our colleagues reported that the fcc had also been sending out queries specifically about the relationship between the shell companies that chinese firms often used to raise money for american investors in new york and the parent company based back in china. this is all in the context of a multiyear effort in the united states to crack down on what officials in washington say is a lack

shery: let's get over to vonnie quinn now with the first word headlines. vonnie: thank you and good morning. samsung's vice chairman will be released from prison friday after a justice ministry committee said he should get parole. they considered his behavior while incarcerated and public sentiment. the 53-year-old was jailed for a second time in january after he was convicted of using bribery to win support. the senate is poised to vote on the passage of a massive $550 billion ever structure bill, despite a change to a rule in the blueprint. that means the original language will remain, something that has been opposed by investors. the biden administration backed the compromise. bloomberg news is learned the european union will not reimpose research and's on non-essential travel from the united states. this, despite new covid cases exceeding the bloc's threshold. new infections have risen to about 270 per 100,000 in america. you limit is 75. eu guidance says ultimately the decision rests with each member state. prominent lawyer roberta kaplan has resigned

let's turn to vonnie quinn with the first word headlines. vonnie: thank you. the u.s.rtedly pressuring israel not to allow a group that includes china's crc see to win a tender to build two might rail lines in the tel aviv area. it is likely to come up on thursday when mr. ali bennett talks with president -- when he speaks with president biden. china's weibo shut down 145 accounts on its platform, some of which have been sympathetic to popstar chris wu, who was accused of rape. they published information that was harmful for maintaining social order, they said. the chinese canadian was arrested in july over several sexual assault allegations. ships have resumed birthing operations south of shanghai after a two-week shutdown to quarantine dockworkers. while an official says the terminal is still closed, bloomberg data show at least five container ships have left in the last few days. french -- a french shepherd told customers for operation should return in the coming weeks. el salvador is installing bitcoin atm's, allowing citizens to convert the cryptocurrency into u.s

rishaad: let us get you over and at this feet with one of the first word news with vonnie quinn. vonnie: hurricane ida has knocked out power to the entire city of new orleans. hours after blasting ashore as one of the most powerful storms to ever hit the united states. the office of homeland security have said on twitter that energy companies confirmed that nuance has no power. -- new orleans has no power. the national weather service said it slammed as a powerful category four hurricane has weakened into a category three storm. 80 percent of singapore's population is now fully vaccinated against covid, outpacing most advanced economies. senior officials of link the milestone to gradually opening up more economic and social activities as well as quarantine free travel. nation currently has stricter social distancing measures than other global financial places in asia. the head of the national house commission has rejected a report blaming beijing for stonewalling an investigation and the origins of the coronavirus. in a statement, they said that china opposes what is sizing the ma

now, let's go to vonnie quinn with the first word headlines. anchor: record number of coping number -- covid infections in new south wales. this is australia's most populous state battling a delta variant spike. vonnie: i saw a of 1200 infections. despite a lockdown and ramp-up of vaccination since june. they are about halfway to a full dose vaccination rate of 70%, a threshold they said they would have for listening lockdown spirit they are 80% fully vaccine it, outpacing most advanced colonies. they link the milestone to gradually opening up more economic and social activities as well as quarantine free travel. they have stricter measures than many other capitals outside of asia. anthony felt he says the door is open to administering booster shots in the u.s. sooner than eight months after a completed vaccination. a possibility that the president had race. top experts say he is open to a variation on the timeline based on data. u.s. is out letting a plan to administer this or shots next month as efficacy weakens over time. the vice head of chi

in the meantime, let's get over to vonnie quinn with the first word headlines. vonnie: the u.s. is blaming iran for an attack on an israeli oil tanker. secretary of state antony blinken says there is no justification for the assault, and warned of an appropriate response to come. his condemnation came after israel's prime minister and the u.k. blamed iran. iran denied responsibility. meanwhile, anthony fauci, the u.s.'s top infectious disease doctor, says covid-19 vaccines work extremely well, and a return to the lockdowns of 2020 is unlikely despite outbreaks among fully vaccinated people. he said the likelihood of contracting a severe case is very low. beijing will step up efforts to hold -- halt the spread of covid-19. a post on the city's wechat account announced to the move. they had two local cases on sunday. in eastern china, they suspended all flights in and out of the airport after a rise in delta infections. wildfires in turkey are forcing evacuations as firefighters worked to contain more than 100. cities including istanbul barred visitors from visiting the forests an

shery: let's get over to vonnie quinn with the first word headlines and a little more in-depth analysis of andrew cuomo resigning. vonnie: he is a resigning in two weeks. vowing -- bowing to pressure to leave office or phase impeachment. cuomo maintains he did not harass anyone but admits being thoughtless in the ways he spoke to and touched women on his staff. new york attorney general says he violated multiple federal and state laws with one allegation under criminal investigation. the top u.s. infectious disease expert says state and local governments should require teachers to get covid vaccinations. dr. anthony fauci told msnbc he knows this position will anchor some people. felty -- dr. fauci's call comes as hospitals across the u.s. run out of beds for patients. the hong kong government has extended regulations allowing it to implement measures to contain the pandemic. that includes the ability to make decisions on group gatherings, compulsory quarantine, compulsory testing and mask wearing. officials say the extension is set to maintain legal framework to enact curbs. hackers ha

shery: let's turn to vonnie quinn with the first word headlines. vonnie: a new report from the cdc says efficacy of covid vaccines among front-line workers drops to 66% from 91% after the delta variant. researchers say two thirds reduction in infection underlines the continued benefits of vaccinations. the findings echo earlier evidence from israel suggesting covid jabs lose some potency over time. the u.s.'s top infectious disease expert says a third dose of the vaccine could lead to lasting levels of protection. anthony fauci told msnbc it is entirely conceivable that a third shot may allow for a prolonged period of intent -- protection. singapore's government says migrant workers who tested positive for the coronavirus at a dormitory in singapore were all fully vaccinated. paul 62 individuals were either a symptomatically had mild symptoms. they have been moved to a health care's facility for further treatment. rolling stones drummer charlie watts has died, aged 80. his drumming style as subtle with swing have been a member since 1963. earlier th

shery: let's now get to vonnie quinn with the first word headlines. vonnie: thank you.outh korea's president has left the door open for talks with japan for a final liberation day speech marking his neighbor's world war ii surrender. moon jae-in says he is ready to work with japan on global threats, including the pandemic and climate change. in tokyo, the prime minister's cabinet visited a shrine that honors convicted were criminals, something that is seen as crossing a redline. . in malaysian cabinet minister says the prime minister has told his party he plans to resign. he has resisted repeated calls to step down since march of 2020, and his office has not replied to calls seeking comments on the minister's claims. . a resignation could fuel further political and economic challenges in a country that is hard-hit by the pandemic. the canadian prime minister justin trudeau has called snap election after polls indicate his liberal party has enough support to retake the majority. he met with the represented's in canada to request parliament dissolved. the vote is schedule

haidi: let's get over to vonnie quinn who has the first word headlines. vonnie: thank you and good morning. the u.s. has reached president biden goal of having 70% of the adult population partially vaccinated against the coronavirus. the target was hit nearly a month later than the administration wanted. but the milestone monday. since the dramatic drop off in april, the pace of vaccinations has accelerated due to a delta fueled resurgence in the virus. senate majority leader chuck schumer plans on an infrastructure bill this week. it has hit a roadblock. lindsey graham announced he has tested positive for covid and will quarantine for 10 days. this means he would miss voting on the legislation. graham was one of the republicans who helped negotiate the bill. he says he was vaccinated. china is said to be opening an investigation into deadly flooding in a province after the numbers known death surged from 99 to 302. state media says the government will look into the disaster response to improve prevention and relief efforts. most deaths were in the capital

haidi: let's get you to vonnie quinn with the first word headlines. vonnie: anthony fauci says the door is open to administering booster shots in the united states sooner than the eight months after a completed covid-19 vaccination. the nation's top infectious disease expert says he is open to a variation on the timeline based on data. the u.s. has outlined a plan to start administering booster shots on september 20 as vaccine efficacy has shown to weaken over time. the by set up china's national health information has rejected a u.s. report blaming beijing for stonewalling an investigation into the origins of the coronavirus. in a statement, the official said, china opposes politicizing the matter and the rest should treat origin tracing as a plan to take matters. the chinese vice foreign minister says the findings include no scientific basis nor credibility. libya's oil minister tells bloomberg to the head of the country's national oil corporation has been suspended pending an investigation into whether he violated policy. he traveled overseas on a b

i am vonnie quinn. this is bloomberg.ill ahead, we discussed challenges facing the auto industry. first, alibaba will be reporting earnings amid beijing's crackdown. how will the e-commerce empire whether -- weather the tension? blerg. ♪ shery: we want to focus on the broader context of china among emerging market stocks. what we have seen in recent years has been the growth of weighting of chinese equities in the msci emerging market index. we had it rebounding more than 1% in the new york session, this after the huge crackdown in china in different sectors of the economy led to pressure in the emerging market index. chinese stocks as a ratio of the broader emerging market index has risen for the last 10 years. when it came to 2020, we have seen it exceed the 35% record we saw in the tech weighting when we had the market stock doubles in the 1990's. we saw the decline, the fear given the huge selloff we've seen on chinese stocks. they are important for the water em complex. we have seen more and more investors despite th

i'm vonnie quinn.his is bloomberg. ♪ >> still ahead, cryptocurrency becomes the sticking point in the u.s. vote on infrastructure legislation. we will discuss the implications with digital law expert -- with a digital law expert. we will preview a flurry of economic data due this week. this is bloomberg. ♪ ♪ >> we are expecting inflation numbers after export data over the weekend showed a slow down. our next guest says exports have been a key driver of the asian recovery. they may face risks as advanced economies reopen. let's bring in tuuli mccully. the head of asia-pacific economics at deutsche bank. can asian domestic demand make up for some of the changes in western demand? >> good morning. well, we are seeing signs that in the region, the economic recovery is being delayed. especially in those countries that are facing another surge in covid-19 cases and restrictions are being used because of low vaccination rates. therefore the export sector will play an important role in supporting the recovery

haidi: first word news with vonnie quinn. ie: hong kong is seeking a new life in the u.k., forced to leave behind their entire savings. scores have been denied access to money. china withdrew recognition. the u.k. expects more than 300 thousand residents will use the passport to leave hong kong, putting billions of dollars at risk. china's appetite for u.s. farm products is a rare bright spot for commodities markets battered by a resurgence of cobit infections and stronger dollar. soybean sales with the highest since january for the week ending august 12 with china purchasing more than 1.1 million tons while total sales were 2.2 million tons. beijing also boosted its u.s. wheat and cotton purchases. the biden administration says it is appropriate for extended unemployment benefits to expire as scheduled on september 6. however, the treasury and labor secretaries say it could be extended in those states hard-hit by the delta variant. many republicans have argued that they discouraged americans from returning to work. global new

yvonne: it's been busy, we have vonnie quinn in new york. vonnie: the taliban is offered reassurances to calm fears and afghanistan, pledging to build an inclusive government. protecting women's rights within sharia law and preventing the country from being used as a terrorist safe haven. meanwhile, civilians and military a light have sleep. -- fleed. leaders express frustrations with president biden's decision to pull events troops from afghanistan. german chancellor angela merkel says the nato mission there was dependent on the u.s.. french president emmanuel macron says biden pulled u.s. trained forces in a matter of hours. south korea has 70% of its abolition vaccinated by the end of september, boosting rates as jesus surge. the prime minister told bloomberg exclusively the government will keep following aid to small businesses, social distance and do all it can to avert a lockdown. >> one of the reasons we think south korea has succeeded at prevention is because we did not turn to extreme measures like lockdowns. vonnie: global news 24 h

i'm vonnie quinn. this is bloomberg. rishaad: more to come on bloomberg markets. robinhood bulls are making out like bandits. a while to date stocks surge. we'll look at what's behind the massive turnaround. yvonne: up next we look ahead to smic earnings for china's ship bellwether. this is bloomber♪ yvonne: it is still about regulatory risk right now as we continue to watch some of these e-cigarettes and growth hormone injection companies today on the back of the headlines. it goes to show you have to look deep into our times to see what comes next, what clues you can find. today it's really about children's health. rishaad: it's about the education side of things. my lots of sports equipment, hints a run-up in the terms -- in terms of the run-up on sports gear. what about positive trends? they want to have a sovereign kind of semiconductor industry. yvonne: we've seen investors look into that whether it's local chipmakers. let's talk through what we are expecting right now. charles is our analyst. th

haidi: let's get to vonnie quinn with a first word headlines. vonnie: beijing will step up efforts to halt the spread of covid-19, including suspending flights, trains, and buses from regions with higher cases. the capital reported to local cases, one and a symptom attic case on sunday. in the eastern province has suspended all flights in and out of the airports after a rise in delta infections. israel is saying new cases are arising with people who are fully vaccinated and the positivity rate among those vaccinated in january is double those vaccinated in march. those infections are problematic for people aged 60 and older. an apparent effectiveness decrease over time has led them to these shots. and -- secretary of state antony blinken says there is no justification and warns of an appropriate response to come. this comes after the israeli prime minister and the u.k. blamed tehran. neither offer direct evidence and iran has denied responsibility. kim jong-un reportedly says they plan -- the planned joint exercises with south korea and the u.s.

let's get back to vonnie quinn for first word news. vonnie: president biden has issued an order allowing hong kong residents in the united states for -- to remain for up to 18 months. president's directive also allows hong kong residents to apply for work permits. beijing blasted the move, saying the u.s. is interfering in its internal affairs. the u.s. senate is headed for standoff over the federal government debt limit that could throw financial markets into chaos without a bipartisan compromise. republicans have signaled they are unlikely to support a suspension or increase. democrats have two options -- conveyance at least 10 republicans to vote on the measure by september or to go it alone. moderna says a final analysis of its study shows its covid-19 vaccine remains 93% effective six month after a second shot. the company reiterated it is likely necessary in the coming months, especially in the face of the delta variant. the government has called for a moratorium on -- the who has called for a moratorium on booster shots until mor

let's get to vonnie quinn.nt biden has addressed americans from the white house as chaotic scenes player in kabul where the taliban have returned to power. the associated press says at least seven people were killed as crowds rushed trying to board departing aircraft. the president says he is standing by the decision to withdraw u.s. forces saying the 20 year war in afghanistan was never about nationbuilding. >> i stand squarely behind my decision. after 20 years, i have learned the hard way. that there was never a good time to withdraw u.s. forces. vonnie: pfizer and beyond tech have submitted early-stage data to u.s. regulators on booster shot trials. they say a word does of their covid-19 vaccine leads to higher levels of protective antibodies when given a to nine months after the initial doses. results from larger -- from the water trial are due soon. new york city is expanding its vaccine mandate to include sports stadiums, zoos, movie theaters and other venues. children under the age of 12 are exempt but

let's key to vonnie quinn who has the first word headlines. vonnie: any report from the cdc says efficacy of covid-19 vaccines on front-line workers dropped to 66% from 91% after the delta variant became dominant. researchers say the sustained two thirds reduction in risk underlines the benefits of vaccinations. findings echo earlier evidence from israel and the u.k. suggesting covid jabs lose some potency over time. the u.s. top infectious disease expert says a third dearth -- third dose of pfizer or moderna vaccine could lead to protection against covid-19. it's entirely conceivable a third shot may allow for prolonged protection, adding that means booster shots may not be needed indefinitely. singapore's government says migrant workers who recently tested positive for the coronavirus in a dormitory were all fully vaccinated. all 62 individuals were either a symptomatically or had mild symptoms. they have been moved to a health care facility for further treatment. rolling stones drummer, charlie watts, has died, aged 80. the musician known fo

let's get over to vonnie quinn, who has our first word headlines. nnie: thank you and good morning. booster shots are strongly in favor for those of people with weakened immune systems. the plan could be implemented soon. debates leading up to a full senate vote on an infrastructure blueprint hit a roadblock. lawmakers are unable to agree on key amendments consider. especially on new cryptocurrency rules and flexibility or local governments. lawmakers have confidence that the full vote is just days away. singapore will recalibrate its foreign worker rules. the prime minister says the government is aware of heightened concern over foreign workers during the pandemic. >> we have to adjust our policies. we will continue to welcome foreign workers and immigrants. as we must. vonnie: the tokyo olympics artificially over. the most expensive olympic games ever held. the ioc president said the french flag was raised inside the tokyo stadium. the olympics are in paris in 2024. the olympic flame was extinguished. global news, 24 hours a day, on air and on quic

i am vonnie quinn. this is bloomberg. rishaad: we have the new sec chairman taking a not so gentle stance on bitcoin. does his avon see -- agency have any real bite? >> we are counting down to the open in mumbai. all of that looking on as well. this all on the agency cost channel. more on that later, this is bloomberg. ♪ >> with investor feedback the sec is saying this is a more sure economy. transparency is becoming important now. the gross is not going to cover all sins. it is not as explosive anymore. i actually think it is a very good move. i don't know if china is going to comply. that means within a three year timeframe, companies here would have to do list. that is a risk and we are thinking about that as well. >> kathy would on the new requirements for chinese listed -- u.s. listed chinese stocks. >> tell us about these chinese companies. they are going to tackle the query. what are these companies now at the moment putting into that filing? what are they changing? >> they are changing them and where they are putt

i am vonnie quinn. this is bloomberg. david.id: in case you missed it, wall street thinks the 10 year yield is going to be not as high as they previously thought. you see that through the fourth quarter and that is where you are really getting the sort of bulk of revisions there. this is how they change things up. third fourth quarter all the way to next year. this is the distribution curve. jeffries is all the way at 2%. hsbc about 1%. where does this go third quarter all the way to fourth quarter of next year? we have the forecast from the survey bloomberg did august 6 through 12 and here is how it looks. median is 1.6. median for next year is now down to 2%. some people were thinking 2% this year, that is not getting pushback. in fact, it is quite serious. look at the long-term chart. the rally and treasuries, 1.6% actually gets all the way there so it looks like the trend is consistent for next year. >> so it is hard to break into 2%. you had to push back. >> all right, coming up. we are talking about what this all means for

let's get you to first word news now with vonnie quinn. vonnie: the u.k.lock a takeover of arm by nvidia. in april, the cma was asked to investigate if the deal could be deemed anticompetitive. and the ftc chair is signaling a pathway forward for bitcoin. he said strict rules could provide investors with necessary protections. the ftc is morning that companies awaiting merchant -- awaiting emergency approvals may be in for a long wait. the government agency is processing the highest number of -- processing its highest number of cases. at the tokyo olympics, american gymnastics start simone biles made an emotional return to competition. she withdrew from earlier events . she now ties the record for most decorated u.s. gymnast. haidi: a big guest from tokyo on those olympic games coming right up. an exclusive conversation about how these unprecedented olympic games are going. coming up next, more views on china's possible crackdown on games after it decried the spiritual opium of games. this is bloomberg. ♪ >> there's been some concern about weather capitali

vonnie quinn is in new york with the first word news. vonnie: 70% of the population in singapore has been fully vaccinated and 79% have received at least one dose. that gives the city state one of the best vaccination rates in the world as it begins easing social distancing restrictions and restarting the economy. in an effort to vaccinate the rest of the citizens and long-term residents, they can walk into any clinic offering pfizer and modernity shot without an appointment. world leaders headed to glasgow for climate talks face pressure to end the use of polluting fossil fuels. this after a u.n. backed climate change report warns time is running out to stop global warning. -- global warming. coal is a sticking point. g20 ministers failed to reach agreements on phasing out its use. india was a key holdout. samsung's vice chairman will be released from prison friday after a justice ministry committee recommended he received for -- parole. they reached the decision after considering his behavior while incarcerated. the 53-year-old was jail

i am vonnie quinn. this is bloomberg. >> still ahead, more on the china crackdown is the company threatens to ban e-commerce companies. coming up next, we take a look at bond markets. this is bloomberg. ♪ ♪ >> china's economy took a hit from the delta virus. service sector pmi contracted sharply for the first time since 2020. we are also looking at a private gauge of factory activity in our next guest says that traditionally reliable signals like these global pmi's are a little less useful then watching inflation figures. joining us is the portfolio manager at matthews asia. she said i really want to get to ever grant but first i have to ask you we were talking to she kumar from his own private company and he is concerned the bond market is underpricing the amount of inflations. when you look broadly globally and particularly in asia, how does this fee will have on markets are positioned -- fuel how bond markets are positioned? >> bond markets are definitely underestimating. power to put myself in the s

let's get to first word news with vonnie quinn. . vonnie: the u.s.ially ended its military presence in afghanistan, concluding two decades of involvement started by the september 11 terror attacks. 173,000 people have been evacuated since august 14, following the taliban's rapid advance. in kabul. the u.s. military says that isis-k was working until the final hours to launch further attacks. >> >> we did not get everybody out that we wanted to get out but i think if we set another 10 days we would not have been able to get anybody out that we wanted to get out. it's a tough situation. vonnie: chinese regulators are escalating their crackdown on videogames. children will now be limited to just three hours a week of online gaming including fridays, weekends and public holidays. the new worlds are aimed at curbing excessive involvements of games and protecting minors from physical and mental health. beijing says it will continue efforts to rein in big tech. bloomberg has learned alibaba has sacked ten staff are publicizing the account of employee who ma

vonnie quinn with the first word headlines. china is authorizing more shuttered coal mines to restart production as policymakers seek to rebalance climate goals with surging demand. operations will resume for a year at 15 coal mines across northern provinces. delivering up to about 44 million tons of coal. beijing is attempting to tame record high prices. bill gates has called his relationship with jeffrey epstein a huge mistake, saying he regretted having dinner with the sex offender. he told cnn he had seen met to discuss a philanthropy project. the pair met in 2011. epstein died in jail in 2019 while awaiting trial on sex trafficking charges. in greece, a resurgent wildfire is burning homes north of athens, threatening ancient monuments. fueled by the worst heatwave in decades. officials say firefighters are working around-the-clock to save the former summer palace outside the capital as well as a site that was the birthplace of the olympics. greek and european officials blame it on climate change. a soccer superstar will le

let's get to vonnie quinn with the first word headlines. you have a little bit more when it comes to grain supply and appetite and demand. vonnie: china's appetite for u.s. foreign products are -- farm products are battered by a resurgence of covid infections. soybean sales were the highest vince january for the week ending august 12. china purchasing more than 1.1 million tons. total sales were 2.2 million tons. beijing also boosted its u.s. wheat and cotton purchases. covid patients are dying in u.s. hospitals at levels not seen since february as intensive care units overflow in parts of the south. the federal department of health says alabama has run out of intensive care places. florida, mississippi, georgia, and texas are all above 90% of their icu capacity. president biden has defended pushing for booster shots for all americans after criticism that it is unfair to poorer countries. the w.h.o.'s africa director says booster rollout makes a mockery of vaccine equity. the organization says high income countries have already on average ad

i'm vonnie quinn. this is bloomberg. shery: still ahead, western digital said to be in talks to merge with japan's key osha holdings in a deal that could be worth more than $20 billion. we will get more details later. first, we talk investment strategy with carol schleif of bmo. find out where she sees buy the dip opportunities, next. this is bloomberg. ♪ his is bloomberg. ♪ >> there appears to be this sort of war of worry. >> the delta variant. >> more signals from the fed. >> i think we still have very healthy and accommodative backdrop. >> equities continue to perform very well. >> corporate profits have exceeded analyst expectations. >> there is so much liquidity. >> equities can continue to move higher. >> it is dangerous to be a bear. >> most of them have capitulated. >> we are making brand-new record highs. >> there is this by on diff mentality. >> equities is the place you want to take place. >> they cannot get bullish enough. >> it is going to be very hard to tell a story that is particularly negative as far as

let's get you to vonnie quinn who has our first word headlines. vonnie: the united arab emirates says it is hosting ashraf ghani after he fled afghanistan. speaking on facebook, he said he is in talks to return to afghanistan and that he did not flee with any money. the taliban set up -- at the airport, raising concerns the group may prevent citizens from fleeing. the imf says the taliban led afghanistan cannot access special rights ahead of an allocation set for next week. the country was to receive 450 million u.s. dollars worth of fdr's after the imf approved a $650 billion infusion globally. members say 18 republican lawmakers have urged u.s. treasury secretary janet yellen to intervene at the to prevent access to the fund. bloomberg's learning details about the types of questions the fcc is asking chinese companies applying to go public in the u.s. we are told those questions focused on their offshore corporate structures. queries include the nature and direction of cash flows through so-called variable interest entities which allow for certai

i am vonnie quinn. this is bloomberg. shery.beau biden administration approved its first arms sales to taiwan in a potential $750 million deal amid rising tensions with china. let's cross to stephen engle for more on this. the size of the deal is not huge but it is pretty symbolic. stephen: it is symbolic because we have been waiting for science on the biden administration what their taiwan policy will be and what impact that will have on the china-u.s. policies and relationship. obviously, this will not go down well in beijing. it is a small deal, $750 million. self-propelled howitzers, those are land cannons to propel or defend the land in case of a land invasion from china and also some gps guidance for some projectiles. they are traditional conventional weapons with a modern touch. the pla has been making more incursions. the pla airport has been making more incursions into taiwan's air defense identification zone with 87 such incursions in 2020. that was more than the previous five years combined. in 2021, we have surpassed