are we excited about macau right now, no.although, given that, joe what is the mind-set among the operators with regard to cap ex and any kind of gross investment down the road? is it a huge opportunity for when things reopen, whenever that is? or, are they not going to touch a hot stone twice? >> carl, there are a couple of things. the message coming from the company's as they are going through this process is that longer-term, they want to invest more. they have generated extremely attractive returns on business capital in the past. i think that is giving them the framework that it is still a relatively underpenetrated market. longer-term, i think they are excited about it. in the near term, they are concerned. i think they're trying to be optimistic to their employees and constituents. the near term is tough. but, macau longer-term has a large want to move people. if you look at every game in the market coming out of the pandemic is that visitation has rebounded when people can travel and access certain gaming market from

, which wasn't the case, since macau was basically -- the new macau.is the new normal been. that many of us have to contend with. david: that is where the businesses are. coming up, yvonne: the latest on energy markets. as we count down to the nord stream pipeline reopening later today. this is bloomberg. ♪ >> you are seeing a palace in tokyo. it looks hot there. speaking of the covid medical alert, tokyo raised that to the highest level according to some local markets. there was talk that they might start lifting some covid restrictions maybe that is what the boj is waiting for, too. david: anyway, one of those things we have to wait and see before we believe it. we are heading into very close with the last 10 seconds of trade. back to square one if you were looking at the price. a couple of stories that could affect japan, the euro and energy markets. yvonne: the biggest pipeline from russia to europe should be restarting today after 10 days of maintenance. the eu is still calling on members to ration natural gas in case russia cuts lowe's. >> russia

of hong kong and macau. and of our fellow compatriots in hong kong and macau.the meeting celebrating the 20th anniversary of hong kong's return to the motherland, i stressed the two points that the central authorities would stick to, regarding implementation of the policy of one country two systems. first, the policy should be implemented unswervingly, without deviating or wavering. second, the policy should be applied fully and faithfully, without legal bent or distorted. today i wish to highlight one thing, that the policy of one country two systems having been tested and proved time and again, meets the fundamental interests of the country and the chinese nation, and those of hong kong and macau. it enjoys the full support of the more than 1.4 billion people of the motherland. it has the unanimous endorsement of hong kong and macau residents , and it is widely recognized by the international community. there is no reason to change such a good system. and it must be adhered to over the long run. fellow compatriots, dear friends , a review of the past points t

in another blow for macau.: which we know was struggling with the lack of visitors with border closures and covid zero, but now we are seeing the shutdown as well. emma: they are trying to stave it off for a number of weeks, given how important more than 80% of the economy the casino industry is, but those cases have been very stubborn. the outbreak has not gone away in macau, so they have gone into that last resort and have shut back down the casinos for the week. and then, they will review the situation as to whether they will reopen them again, if the outbreak is under control. but we are talking of near a hundred cases, which in covid zero, is a lot. katleen: and that was bloomberg's emma o'brien. now, here is the first word news. french finance minister bruno le maire says europe must prepare for russia to shut off gas surprise in retaliation for sanctions france is trying to avoid. they are trying to avoid power shortages in a challenging environment. you should be careful with energy consumption while bu

the last in 2009, china has ordered a week long shut down of casinos and many other businesses in macau, after a spike of covered 19 cases, mast testing has found 1400 positive cases the past 3 weeks. macau is the latest region to be locked down under china's tough 0 covert policy. meanwhile, huge crowds of revelers have danced their way through the streets right here in berlin. the rave, the planet rally is billed as revival of the famous love parade. the party goers were calling for protected cultural status for electronic music while just having a good time ah, together again. and the news is electric. tens of thousands in tech, no love as dance they way through berlin streets once more for rave to planners. the events formerly known as the love parade. here, there again, is a reference for the need for social connection with community. corona bart's pandemic. i feel so much free. i feel so much hobby because we, we've been in our houses for 3 years and it's the light. so the pricing, so right now is still very happy, very free, very young fall. so i'm very happy to be here to feel t

macau last shut its casinos due to the covid outbreak in february of 2020.rowd of angry chinese bank depositors clashed with police outside a branch of the pboc bank in hainan province. video was taken showing offices pelted with water bottles and other objects. the protesters are among thousands who opened accounts at numeral banks in hainan and other rural provinces and later found that they could not withdraw their funds. japan's ruling coalition has extended its upper house majority in the vote held two days after the assassination of shinzo abe. public broadcaster nhk says the liberal democratic party and its junior coalition partner won at least 76 seats. the result bolsters prime minister fumio kishida's grip and it means he probably will not face another national election for three years. the speaker of shellac as parliament says that president rajapaksa will step down this week after months of protests over food shortages, surging prices and financial mismanagement. he apparently fled on saturday before demonstrators stormed his official seaside res

residents and campers have been evacuated from the affected areas of the sprawling park, macau, the words biggest gambling hot as shut all its casinos for at least a week. as the chinese autonomous reach and struggles to contain its worst ever karone of ours outbreak, residents have been ordered to stay at home. thousands are in quarantine as macau follows china's 0 cobit policy. no doubt. jacoby chairs acclaimed his 4th straight wimbleton title defeating australian. nick, a key re so curios in 4 sets. jacoby sho rallied back after losing the 1st set in a thrilling final. he had to dig deep against a curios who displayed a some fine tennis moves and his 1st final, this is the serbs, a 7th wimbleton title joke, which is now one slam behind a rough. i am a does record of 22 matches. it wouldn't dw news life from berlin up next. russia turns off the gas tap to germany for annual maintenance on the lot stream pipeline to germany's energy regulator admits that nobody knows whether russia will turn the tap back on. again, this is more in business news list. even beardsley right after short brea

n macau -- in macau, the government extending the citywide business shutdown.aker of batteries for electric vehicles is considering at least two locations in mexico for a manufacturing plant to supply the likes of tesla and ford. coming up in the next hour, we will discuss the outlook for chinese macro fixed assets. that is it for daybreak asia. markets coverage continues as we look ahead to the start of trading in hong kong, shanghai and shenzhen. stay with us. this is bloomberg. ♪ psst. girl. you can do better. ok. wow. i'm right here. and you can do better, too. at least with your big name wireless carrier. with xfinity mobile, you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill, over t-mobile, at&t and verizon. wow. i can do better. yes, you can. i can do better, too. break free from the big three and switch to xfinity mobile. vo: when times get dark, we can't see the help that's all around us. let 2-1-1 be your guiding light. for help with food, health care, and othe

in macau, a lockdown aimed at stamping out a wave of coronavirus infections has been extended.owing the story from our asia business hub in singapore. katie, macau is such an important hub, an important part of the economy for mainland china.- part of the economy for mainland china. what's going on? that's — mainland china. what's going on? that's right. _ mainland china. what's going on? that's right. we're - mainland china. what's going i on? that's right. we're hearing that the 600,000 residents of the world's casino hub, as it's been known, are going to be forced home, non—essential businesses closed and because there is a special administrative region only has one hospital, its medical system has been hugely stretched. so far they've faced login restrictions for about a fortnight, set to continue. we are seeing similar moves because in the macau similar to mainland china, they follow the dynamic zero covid policy, basically a continuation of zero covid over on the mainland with about a00 cases in the past 2a hours. this is tiny compared to the rest of asia but has ignited

macau is being replicated all over the country.eekend, multiple more cities shut down altogether. one city triggered by 10 cases and another by four. another, just one case. what has officials extra nervous is the arrival of the highly contagious omicron variant, ba 5. those cases have been linked, for the most part, to oversee travelers routing through the financial hub. shanghai has announced it will have two fresh rounds of mass testing this week. those multiple shutdowns have been highlighting one of the major complaints of the business community and that is the perpetual uncertainty. and that is something that the casino operators in macau are going to have to face. >> eunice, has there been any commentary from chinese officials about the continued desire to do the shutdowns? what the threshold for the shutdowns will be? will there be any changes? you mentioned there is the highly contagious omicron variant in china. i am just wondering if there is any clarity on the future policy, here. >> no. in terms of the individual regul

macau has recorded around 1300 boebert infections. 19,000 people are mandatory quarantined.concerns of tighter rules in the chinese special administrative region. one of the first full-color images taken by the james webb telescope has been released. nasa says the james webb is targeting distant galaxies and a faraway giant gas planet. the image was taken with the long exposure time to detect the faintest of objects in the distance and shows the earliest galaxies that were formed. a professor of space exploration and physics at arizona state university joins us from prince edward island in canada. this image has been released in the past few minutes. tell us a bit more about what it shows and why this is such a big moment for the james webb space telescope? >> the space telescope is designed to do a few things that we are expecting it to do. it will make discomforts for -- discoveries we did not anticipate. look back as for us when we cannot look back, when the first stars and galaxies formed. what this image shows is a first step in that direction. the telescope which is se

take a look at the macau casinos. we continue that, down 5.3%.ou are hearing some news that macau reported the first death from the latest outbreak. consumer revenue numbers were not pretty. we have plenty more ahead. this is bloomberg. ♪ rishaad: we are back. having a look at what we can expect in the second half of the year. annabelle joins us now. >> thanks. taking a look at what we are expecting from chinese markets into the second half. we have seen investors turn more positive on the outlook for the mainland equities. the reason for that has been fairly well telegraphed. we have covert outbreaks and control under the major cities. beijing and shanghai. we are monitoring the outbreaks in the eastern provinces. we are expecting more fiscal support into the second half. some reporting on that that we are monitoring from the securities journal. they are saying china has more room to adapt stimulus policies so we could see further cuts to the lpr, as well as more fiscal spending. what this means for the rest of the region, unfortunately for inve

on this basis, on the basis of this emphasis, hong kong and macau maintain their previous capitalist system in the long run, and enjoy a high degree of autonomy. the socialist system is the fundamental system of the people of the republic of china. and the leadership of the communist party of china. it is the defining feature of socialism. all residents shall consistently uphold the fundamental system of our country. full and faithful implementation of the policy of one country, two systems will create immense development opportunities for hong kong and macau. the more firmly the policy is used, the great advantage of two systems will demonstrate in practice. secondly, we must ensure the integration of overall jurisdiction of stricter authorities and a high degree of autonomy in the sar. with this return, hong kong has been reincorporated into our country's system. then the constitutional order of the sar has been established under the fundamental guidance of the policy of one country, two systems. the central government's overall jurisdiction provides the source of the sar's high de

cases are widening -- the mecca of macau in the midst of a lockdown. be prepared for more and more shutdowns in china. later elon musk and twitter. tesla shares are tumbling -- tell us how she is trading on the steel. we are live from the nasdaq markets. we start off with a countdown to earnings. markets eagerly waiting reports like pepsi, taiwan semi, broad markets ready to kick off with the nasdaq bite more than 2%. the dollars continues its eye- popping climb -- with the euro for the first time since 2002, so how much could that be impacting companies? >> wow. we have been talking about it over the last few weeks. microsoft announced it will be reported -- got our tennis up and they were specifically focused on the average effect of the strong -- very consistent with a lot of u.s. multinationals. you will hear a lot of companies talk about constant currency and they will try to avoid this recent surge we have had the quarter over quarter and year-over-year there will be a huge impact in a time we know there is inflationary pressure with the input co

country's largest city, karachi has not been spared with roads, homes and businesses under water. macau, the world's biggest gambling harp has shut all its casinos for at least a week. as the chinese autonomous regions struggles to contain its worst ever corona virus outbreak, residents have been ordered to stay at home. thousands are in quarantine as macau forms, china's 0 covey to policy sri lanka, president o got her by our roger. pac sir says he will officially step down on wednesday. that's according to an announcement from the prime minister's office. both leaders have said they will step down all the violent turmoil sparked by a deepening economic crisis. but protesters in columbus are skeptical. they say they will carry on occupying the homes of the president and prime minister until the 2 men formerly resign. picking up rubbish in the garden of the presidential palace. indeed been dora had taken part in protest for more than 90 days. he was injured so severely during one of them that he's been in a wheelchair ever since. what as ever they given me and i did this for my country.

let's have a quick look at some of the other stories making headlines, macau, the world's biggest gambling harb has shots all it's casinos for at least the week . the chinese autonomy regions struggling to contain its worst ever. corona virus outbreak. residents have been ordered to stay at home. thousands, i am florentine as macau follows, china's 0 covert pause. friends and colleagues of former japanese prime minister sions who are they a half pay their respects at awake, in tokyo. arby was fatally shot on friday while campaigning in the city of nero. mourners at the temple included current prime minister for mucous cedar private funeral will be held on tuesday. the euro is heading very close to parity with the u. s. $1.01 euro is currently trading at $1.00, and 810th of a cent is the lowest level in almost 20 years. investors are worried about a recession for the euro zone as its energy security is at risk for the upcoming winter months. leaked documents have revealed that over regularly skirted laws and secretly lobbied governments as it expanded. it's right sharing service. they show

macau will be allowing dining services from august 2 as well.of optimism given the reopening trades. macau reopening some and coming up next, a fifth element research. this is bloomberg. ♪ >> another big week for earnings with some of the biggest companies in europe reporting. we will also get results from alibaba. hsbc reporting instrument second-quarter results earlier today. there is a greater risk of high credit costs in mainland china. joining us is the director of the fifth element research. what are you expecting from these numbers given the focus seems to be what question will come up wendy executives may invest in person. >> the biggest concern is how excessive growth in china could translate into higher credit costs in the past two years. hsbc has expanded over 30% of -- it has seen 30% lending growth in china and china has not seen anything like that and the other larger markets. we have seen how credit costs in china can ratchet far higher and we also saw that with hsbc in the first quarter. this is probably the single biggest risk w

lvs i think they will helped out by the macau action.stry is booming right now although the stocks have not been booming a lot of pressure from macau. that is opening up. i think you will see a lot more action in these stocks. liz: tell me what specifically you like about lvs? >> first of all you know, the sports betting business, okay, the book making business has become bigger and bigger and bigger. we're seeing every state now does it, billions of dollars in las vegas, starting to branch out through different states. that is going to help increase their bottom line. you're starting to see even, the casino industry in las vegas itself is getting more overwhelmed with people that are coming in and coming in. now i think that they now have learned how to make money in every department, not only on gambling. the conventions, the venetian which is the main property is continuing to grow as well. so i think everything looks very rosy for las vegas sands. liz: todd, you're buying amazon and google. they report earnings next week. what are yo

in macau, almost all businesses, including the region's casinos is being shut for a week. curb a surge of covid infections in the world's biggest gambling hub. just last month, macau closed non—essential businesses the region has been following the covid strategy of mainland china, which include mass testing and movement restrictions. now i want to tell you about how thor stole the thunder at the box office over the weekend. disney's marvel studios: thor love and thunder grossed over $300 million globally, that makes it the third highest opening weekend this year. 0utside north america, the film enjoyed the strongest start in south korea followed by the united kingdom. today russia will shut down europe's largest gas pipeline nord stream 1 for 10 days for annual maintenance. in germany, some are fearing what could happen if temporary closure became permanent and what would it mean for gas prices? russia supplies the eu with 40% of the natural gas it imports. germany, europe's largest economy, relies on russia for almost half of its gas supply. nathan piper is head of oil &

haidi: what is the latest when it comes to china and is a lockdown of casinos in macau?here was some suggestion if we see a positive trend we can see reopening. emma: obviously, china is in a completely different basket to the rest of the world, still consistent with the covid zero policy. still, trying to eliminate and keep covid out. going basically its own way, or, xi jinping's way. a number of development over the past 24 hours. you saw macau indicate it will reopen after about a two week lockdown, but with many restrictions in place. the casino has to disinfect. you know, people need to wear masks. basically, at all times. so, it will not be sort of opening the doors and letting the bettors in that many casinos need. we are seeing earnings seasons coming up and those casinos are projected to report their second loss of the pandemic collectively. so, really hard hit by the covid zero policies of china. shery: bloomberg's emma o'brien with the latest on covid pandemics around the world and restrictions in new zealand and china as well. look at how microsoft is trainin

the blaze. residence and campers have been evacuated from the affected areas of the sprawling park. macau, the world's biggest gambling hub, has shut all its casinos for at least a week. as the chinese autonomous regions struggles to contain his worst ever corona virus outbreak, residents have been ordered to stay at home, thousands or in horn t as marco follows, china's 0 covered policy. sri lunches president to go to buy a roger poxy says he will officially step down on wednesday as, according to an announcement from the prime minister's office. both president and prime minister have said they will step down over violent turmoil sparked by a deepening economic crisis. but protesters and colombo are skeptical they say they will carry on occupying the homes of the president and prime minister until the 2 men formerly resign picking up rubbish in the garden of the presidential palace into deal bundari had taken part in protest for more than 90 days he was injured so severely during one of them that he's been in a wheelchair ever since. when i got that again, maybe i did this for my country

in macau this morning, we have seen macau that'll its biggest outbreak yet and because of that they will be shutting all businesses, including casinos, that was something they had held off doing until now. you can see the reaction here. dani: japan is one of the bright spots this morning when it comes to the equity market. we are also monitoring the prime minister speaking in tokyo, this follows after the tragic assassination of abe, but also there are elections this sunday. the prime minister saying at the moment, we will do all possible to tackle rising prices. walk me through the action in japan right now. annabelle: this is related to what you are saying, the election we had at the weekend, consolidating the majority. in terms of markets, this is something that is policy continuity and we are seeing broad-based gains. the yen, you mentioned the lines we are hearing around inflation, at election results indicate consumers here perhaps are not as concerned by inflation as other parts of the world and that gives the boj the mandate to stick with its easy policy settings. the yen still a

haidi: we are seeing the situation worsen in macau. including all casinos shutting down. emma: almost 100 new cases reported there in the latest numbers. they have had to give in on the not closing the casinos, something they were really trying to hold the line on. but, they had to do it to really adhere to covid zero, which, as kathleen said, is having to sort of chilling effect on the economy even though xi jinping has ordered officials to try and stem the impact of it on the economy. kathleen: emma o'brien with the latest on the virus and more in australia and shanghai. australia and china's top diplomats meant for the first time in three years as of the two nations try to reset relationships marred by tensions and tariffs. a delicate procedure. ben, what progress has been made so far? what is on the table next? ben: it seems very much like one step forward and two steps back to a certain degree because although they have had this first meeting which is usually significant, we had an entire term of an australian government, there is the downside the chinese government

this is because macau has what? lauren: vegas sands down 9%.id-19. 17,000 people in quarantine. they're talking about mass testing in other parts of china as well. here we go again. i think the chinese got what, two weeks of relief if even. they go back into mass testing and lockdowns. stuart: that is one of the reasons why the price of oil is down so much. if china slows down again, less demand, lower price. lauren: you hear the news russia is turning off gas for at least 10 days to fix a pipeline you would think nat-gas oil prices would go up. but the worry it will be complete demand destruction with slower economies in europe and china. stuart: show me bitcoin, please. oil $101 a barrel. bitcoin right around 21,300 at this point. i want to bring in bruce fenton. a gop senatorial candidate in new hampshire. bruce funded his own campaign with his own bitcoin. bruce, why are you calling crypto pacs, political action committees, why are you calling them a scam? >> not all of them are a scam but i'm new to this political process and i certainly e

the scene in macau, china.ing haven of the world and it's been shut down for another week right now. covid cases begin to flare up there. 25 million shanghai residents are separately being asked to be retested to see if things are spreading there as well. and we're seeing limited movement in hong kong on the same story. so its repeating itself in asia, jarring those that thought that we were over there. at least there that's not the case. there's spikes in cases here as well. dr. fauci knows of what i speak. he had to endure covid himself and a bad case of it. the white house chief medical adviser joining us now. how are you feeling, doctor? >> i'm doing well. thanks for asking. i'm fully recovered and back to normal thank goodness. >> neil: you were being treated again. was there a flair-up after the flair-up? what was going on there? >> what happened was, i was initially infected. given my age, being a risk person at my age, i took paxlavid. i finished the course. i tested myself monday, tuesday, wednesday an

covid in different countries in china, in particular, lockdown has been reintroduced on this times in macau throughout the mountain establishments. until they are closed, as for the forecasts, the negative mood of the us department of energy also prevails here lowered the brand price forecast for this year from one hundred and seven to $104, while the agency kept the forecast for demand in the world in the current, but raised it for the next year. in addition, the ministry expects a slight decrease in production in the us but in russia in the second half of the year. it will grow to 10 million 700,000 barrels per day. one of the key events for the oil market will take place this week as us president joe biden travels to saudi arabia. an increase in oil supplies from the kingdom is expected to be one of the main points agenda of the american leader. however, experts are confident that the possibility of increasing saudi production, limited over the past 3 years, saudi arabia has approached its declared maximum production capacity of 12 million barrels. per day. only in one month. now the par

casino saturday after officials unwind the strict covid measures that have locked down the gambling hub macauos on july 11th. business is likely to be muted for several weeks as many virus related restrictions on residence do remain in place >>> the u.s. postal service plans to buy at least 25,000 electric delivery vehicles as it upgrades the fleet the service expects that at least 50% of newly ordered vehicles will be electric. and says the so-called next generation vehicle fleet should start servicing postal routes late next year i wonder if it that's still going to attract dogs to chase down those trucks, julia >> postal service truck is a postal service truck thank you so much. >>> netflix shares higher today. up about 4.5% after subscriber losses were less bad than feared but the stock is still the biggest lagger in the s&p 500 year to date so is this stock cheap here? we have a look at. that. >> julia, it's always that debate, right? all relative based on what you think a company should be worth and what you're willing to pay for that kind of future stream of profits or earnings to kind

emma: yes, very interesting developments in macau.eopen the casino sector there, which is the bulk of the economy, obviously being welcomed as cases are coming down, but still an interesting tweak in the way that they are deploying mass testing there. they said that anyone with a filipino passport, philippine nationals, even those that are macau nationals but have a filipino passport, they have to be tested every single day. they say it is because of the social patterns of this ethnic group that makes them more vulnerable to spread, and the virus. but it is obviously being criticized heavily, and it harkens back to some of the more questionable moves that we saw earlier this year out of hong kong, which also unfairly, some said, targeted helpers and domestic workers there when it came to testing. sort of implying that those groups were responsible for morse red than other groups in the community -- were responsible for more spread than other groups in the community. haidi: what does this mean for the potential of returning to lockdown

macau will reopen casinos from saturday if iris conditions allow as they have their worst ever covid-break. the plan to reopen the gaming sector after a two-week shutdown is part of a broader resumption of commercial activities. borrowers and sentiments will remain shut and they will still face headwinds from the lack of quarantine for travel. health -- house speaker nancy pelosi is throwing her support behind a bill that provide subsidies for the semiconductor industry. the approval signaled the likely end to a year-long deadlock between the house and senate between a package for boosting competition against china. it would follow $52 billion to chipmakers. pelosi is planning this as soon as next week. global news, 24 hours a day, on air and on bloomberg quicktake, powered by 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. shery: microsoft has become the latest tech company to hit the brakes on hiring and joins apple, google and others bracing for a recession. in's su keenan joins us with the latest. what do we know? su: the stock drop d

what and what it actually looks like, well, something that is funny , i have the impression that this macaun was for the sake of ani’s conversation, for the sake of its content, and this is not quite correct in my opinion, but otherwise the french , er, did the right thing by merging and merging this record, well he characterizes putin and his regime very well. well, then a lot of questions arise. what if macron talked to putin for 100 hours. if he talked to him in this way, well, a logical question just arises, you understand. well, i think that in fact, for macron, the desire to maintain this contact and his with e - well, finally, not to keep it was, well, the main idea. why did he continue it after they pissed off the last and last chance, well, pissed off. i think that nothing special will actually happen and they will continue to talk, only the meaning of this conversation to me no, they didn't understand, eh. this conversation looks kind of lousy, sad, and in the end it shows how much with poetry, how humiliating putin has been for six months, and i believe that europe should give hi

when we view local macau will come busily, the co tulip allowed. if it's had a killer portfolio, i think responsibility can mean confronting certain problems. had that americans. yeah. well they, we faced dressing issues like global warming and then the quality clinical and i mean don't know what i li, cola they see. we're lucky and, but also the extinction of certain species and people dying on this planet with whom one of them in florida, delaware, but it's okay. i don't think it is enough to seek individual answers to these issue with one of a new allowed follow that we need global, all encompassing, and certainly some we cast as he will pull up. that's why i'm always looking to forge new alliances. adopt new perspectives, and take new steps that can bring about the changes our planet desperately needs can appoint you al alan campbell kalia leah clinton was at a bid. in autumn, 2018 santa saint o showcased his on an installation at paris is played to tokyo, contemporary aunt venue it focused on the importance of ad and how we as a species of pol

speaking of china and their covid zero policy, due to an outbreak in macau, casinos have been shut.oks like they will open july 23. tom: thank you so much. we are going to get away from the vanilla, stocks up, down, and actually go inside baseball and what pros are talking about in the debt market between a yield that yields and one that floats. deborah cunningham, cio at federated, is with us. i see an immense focus right now on floating-rate paper. how big could the losses be, floating-rate floats up, prices down? >> that is the beauty of an instrument in the rising rate environment. it protects pricing as well. as interest rates go up, with a fixed rate security, your price goes down because it is not earning as much. with a floating-rate security, however, that interest rate adjustment assists in maintaining the pricing value. it is likely something that works well in a rising rate environment. tom: convertible bonds, when we get into an optimal scenario, like we are now, are they priced up just because of demand? deborah: they absolutely do. my team, every day, wrestles with th

confident that we can master this russian engineer energy crisis by staying together or spring in macau bloss. here he's a german member of the european parliament for the green party, and he serves on the parliament's energy committee. thanks for being with us, mr. bloss. do you think the commission's gas saving plan is sufficient to get remember, states including germany safely through the winter and no, unfortunately not. and i mean, we know since a long time that we have to reduce our gas consumption. so the commission announced a lot of different measures that are anyway, being pursued by members, dates that we knew before. so there's, there's nothing new, nothing bold in it. and so therefore, like it's, it's, it's not now the big thing that actually helps us to survive as energy crisis. when you say it's, it's not a bold thing, but it could become mandatory this 15 percent. that the cut that the, that the ears asking for, could we see a situation? do you think where one industry or one country in the ear is obliged to make painful cuts and gas consumption in order to secure the su

the chinese territory of macau, a government imposed extended lockdown will be lifted and casinos allowed to reopen on saturday. south korea, you cases are nearly 10 times higher than a month ago, with nearly $70000.00 cases on friday. and the warning from the health agency that it could search to over 200000 daily cases. next month, sarah, clock al jazeera l soaring fuel prices, while wind have made many people think seriously about buying an electric car. but some enthusiast can't like of the classics as yesterday and that love is spot the creation of new high bid, hickle's. rom panels reports. now from san marcos, california work wagner's volkswagen rolled off the assembly line back in 1962. i'd say it's definitely my daily driver. i'm if i'm going i grocery shopping of i'm going to hockey. ah, if i'm running errands like this is, this is a car. well, most beetles from the kennedy era have long since made a one week trip to the junkyard. wagner's runs like a dream and fast to because this old beadle is now an electric vehicle. it's clean, it's quiet. ah, it's reliable. there's a lot le

in the chinese territory, macau, a government imposed extended, locked down will be lifted and casinos allowed to reopen on saturday. south korea, you cases are nearly 10 times higher than a month ago, with nearly $70000.00 cases on friday. at the warning from the health agency that it could serge 2 over 200000 daily cases. next month. sarah clark al jazeera. ah, we got the headlines on al jazeera.

it's also been heavy rain here and cut out and unprecedented is out whether present at rob macau. we explains who's they were thunderstorms in doha, qatar this morning. and so what you might think is to say what it is never rained in july in recorded history or any bodies living memory. it just doesn't happen. the reliable forecast arabia is hot, dry, and dusty throughout the summer, 4 months over the summer. now the monsoon does affect some palet sarabia when it bursts out of india catches southerner mom salon or it's drizzling overcast. they're occasional thunderstorms in a mom and yemen. but this year, when the monsoon burst into pakistanis call substantial damage or loss of life, it cause a similar amount of flooding. you know, mom, this is a couple of weeks ago and we so okay, so it's come a long way beyond where it shouldn't been stronger. the sister occasional variation . so say it's never rained in july in katara recorded history or anybody's memory. the same is true in q, wait it iran, very similar walla to shower may be while there's been flooding in the west coast of ir

and as you can see, many homes were damaged from the rogue about macau, the violence between the special deterrent force and the presidential guard broke out when the rival group traded blame for kidnappings. both are part of the libyan government, fragile security services. fighting took place in heavily populated areas. health officials say women and children are among the victims. the un special adviser on libya, stephanie williams says she is outraged by the violence, adding that civilians must be protected and perpetrators held accountable. prime minister abdul hamid the vapor has suspended interior minister hearted and madison of his duties until an investigation is completed. he's been temporarily replaced by this man, shook electricity. we've established a committee to assess the damage is incurred by private citizens, so they can be reimbursed with launched an investigation into this incident. have developed a security plan. so the events like this won't be repeated. people are angry. mohammed says the minister's visit to his neighbourhood is too little, too late. when the hus n

other reporting for us from a colombo does have a quick look at some other stories in the headlines. macau, the world's biggest gambling hub, has shops all its casinos for at least a week. the chinese autonomous region is struggling to contain its worst ever corona virus. upright residence have been ordered to stay at home. thousands aren't quarantine as a cow follows shyness. 0 cove, it all this leaks. documents have revealed that over regularly skirted laws and secretly lobbied governments as it expanded its ride sharing service. they showed the support from ben french economy minister, immanuel my crohn to help the company brokering secret deals and giving over direct access to his staff. japan's prime minister whom yuki sheeta as met with you as secretary of state antony blinkin. lincoln delivered condolences over the death of japan's former leadership. the abbey, who was assassinated on friday. lincoln's visit comes after because she does governing coalition secured a solid majority in sunday's elections and some football news now paul pop, but as rejoined juventus on a free transfer

the walls biggest gambling hot macau is close down all casinos for the 1st time in more than 2 years for a vessel to contain a coven outbreak, for he's ordered all non essential businesses which include of a 30 casinos to shot for a week because recorded around 1500 covet infection since june. about $19000.00 people are mandatory quarantine gaming shares slipped on monday over concerns of title rules in the chinese special administrative region. now one of the festival con image is taken by the james web space telescope has been released at the white house. nasa says the james web is targeting distant galaxies, brighton abeline, a faraway giant gas planet. the image was taken with the very long exposure time to detect the faintest of objects in the distance, and shows the earliest galaxies that were formed. sir laurence krause is a professor of, of on space exploration and physics at arizona state university. join is now from prince edward island in canada. this image has been released and just the past few minutes. tell us a bit more about what it shows and why this is such a, a big

in the chinese territory, macau, a government imposed extended, locked down will be lifted and casinos allowed to reopen on saturday. in south korea, new cases and nearly 10 to is higher than a month ago, with nearly 70000 cases on friday. and the warning from the health agency that it could serge 2 over 200000 daily cases. next month. sarah clark, algebra to the world athletics championships now and no eliles has retained his $200.00 metres title by running the 3rd fastest time in history. and in a woman's event, sharika jackson broke the championship records. david stokes as the action. oh, the 200 me to final was billed as a jewel between the defending champion. no eliles and its fellow american 18 year old arion nixon. but not long after the starting gun was fired, it was clear that loyalty was in a class of his own. he had to settle for a bronze at the tokyo olympics last year, but made no mistake. this time roamed after running an incredible bend he powered over the line in the time of 19.31 seconds. the 3rd, fastest time in history, the hon. you st. bolton, jo hm. blake, it's th

in the chinese territory, macau, a government imposed extended, locked down will be lifted and casinos allowed to reopen on saturday. in south korea, new cases and nearly 10 times higher than a month ago, with nearly $70000.00 cases on friday. and the warning from the health agency that it could serge 2 over $200000.00 daily cases next month. sarah clark, audi 0. ah . again, the headlines on al jazeera, the u. s. house committee investigating the january 6 attack on capitol hill has heard how former president donald trump watched events unfold for hours before taking action. former white house staff members told the committee trumps tweets helped fuel the insurrection. i was disturbed and worried to see that the president was attacking vice president pants for doing his constitutional duty. so the tweet look to me like the opposite of what, what, what we really needed that moment, which was a d escalation. and that's why i had said earlier that it looked like fuel beam port on the fire. so that was the moment that i decided that i was going to resign. that that would be my last day at

and we do have this plume of heat stretching from gray land right through to one dung province into macau and hong kong. if we go further toward the north, we've got a line of storms stretching from harbin right through to the yellow river valleys. so that's going to flush out some of the heat, including for places like shanghai, where the showers in storms are approaching. now in terms of japan for fukushima prefecture, we've had flood and landside alerts in play with this batch of what weather rolling through. looks close to tokyo, but you're going to stay dry on thursday with the high of 32 degrees after se, asia right now we've got this wave of moisture that's injecting a lot of moisture into the atmosphere. so that's going to amplify rainfall amounts across the northern and eastern areas of sumatra. as we go down under right now, instability set southeast corner of australia, brisbin at $21.00 degrees. it's been a pretty dismal winter. in fact, you may record your call this july, and 30 years in for new zealand. lot of weather around the bay. plenty the escape that includes kids been

macau is extending a citywide shutdown with all nonessential businesses staying enclosed through july it is struggling to contain its worst ever covid outbreak. a u.s. energy on voice as he is confident that producers will increase oil output, after president biden's visits to saudi arabia. he told cbs that he is confident we will see more steps in the coming weeks. he also elected golf -- gulf producers like the u.a.e.. christine freeland says the bank of canada is acting forcefully. she says even with impressions too high, it is reasonable to expect a soft landing. >> inflation is certainly elevated, and i would say is our biggest concern right now, but the bank of canada has been acting forcefully, and i think it is entirely reasonable to hope for a soft landing for canada. vonnie: former pakistani president or imran khan is leading a key vote in punjab, the country's most populous province. he is setting up way possible by election defeat for the government. the former leader renewed momentum to pressure the government to hold the elections. global news, 24 hours a day, on air and

in macau authorities reported two covid related deaths. about shimao, the company said it did not make this payment of $1 billion on sunday adding to a record wave of chinese developers missing payments. the lecture rebuilder says it has not made payments for other offshore debts and distant dogs with creditors to come up with amicable resolutions. if that fails it says its creditors can take enforcement action. a new poll puts japan's ruling composition on course to secure a majority. the survey as prime minister can ashita -- kishida and its junior partner set to win 23 of the seats up for grabs. his opponent suggests to capitalize on the fallout from weak currency. argentina yet to choose a new economy minister. the former announces decision on saturday as infighting within the ruling coalition worsens. his exit is raising doubts the country can reach its targets of the program. it has come under pressure after the economy's direction with inflation popping 60%. those were your first word headlines. let's tell you what is coming up, shi

we do have this plume of heat stretching from greatland, right through to one dung providence into macau and hong kong. if we go further toward the north, we've got a line of storms stretching from harbin right through to the yellow river valleys. so that's going to flush out some of the heat, including for places like shanghai where these showers in storms are approaching. now in terms of japan for fukushima prefecture, we've had flood and landside alerts in play with this batch of what weather rolling through. looks close to tokyo, but you're going to stay dry on thursday with a high of 32 degrees after se, asia right now we've got this wave of moisture that's injecting a lot of moisture into the atmosphere. so that's going to amplify rainfall amounts across northern and eastern areas of sumatra. as you go down under right now, instability set southeast corner of australia, brisbin at 21 degrees. it's been a pretty dismal winter. in fact, you may record your call this july, and 30 years in for new zealand. lot of weather around the bay. plenty the escape that includes kids been with th

macau is aiming to reduce a business and social activities as the city's case is easy slightly. the european central bank may go big, for the first time in more than a decade. policymakers may boost rates. inflation has surge to an all-time high. 50% chance of a half-point hike this week from 20% on monday. chile's attempt to prop up the pace out, mario stressed that the copper industry would remain competitive despite plans to raise taxes. the new government would protect the reputation for fiscal discipline. once we are approaching this with an openview -- >> we are approaching this with an open view. also the security of the environment for the new investments in mind. that are necessary for the country and we have a competitive mining ministry -- industry and we do not want to harm that. >> cryptocurrency sector is a full-fledged credit crisis, he acknowledged he was wrong about the magnitude of leverage in the system for calling out regulators for not doing enough to protect investors. he says the worst is over and he expects bitcoin to surge. >> the magnitude of losses tha

revenue in macau has plunged with tourism hammering the world's biggest gambling hub, struggling to sustainhe covid upright. boris johnson is digging in as prime minister despite the resignation of two senior cabinet ministers. "we cannot continue like this." johnson publicly knew that the mp was facing allegations of sexual misconduct. that is a look at the first word headlines. david: we are looking at copper, rubber, palm oil, and we will even throw in lean hog futures. wow. 46.5% drop across the contracts and in the market. yvonne: let's bring back our guest. we mentioned oil prices have stabilized but you are looking at the likes of gas, coal. how disruptive can that be now that we are seeing power outages in the region? >> certainly, it will be quite disruptive. if you have a big adjustment in commodity markets, that signals we have potentially disruptions ahead for us. particularly if you look at higher energy prices. gas is still a bit of a worry. on coal, we also have some disruptions. despite some of the prices coming off, there are signs of potential disruptions in energy markets