they are losing out. they are moving out to investors. they are losing out to 55 plus buyers.t i have found in my research, we have surveyed millennials every year for the past five years. what they had said is we want to buy a home. but the lack of inventory is holding us back, we are afraid the market is going to drop, that is holding us back. and also the inability to come up with a down payment and be competitive today. romaine: allie wolf, a lot of great data. ali wolfali wolf love talking to you. , chief economist, talking about the big mess we had today with regards to residential housing starts. even though you have the big miss, you have backlogs, applications to build, supply chain constraints. we will be back in a moment. this is bloomberg. ♪ ♪ romaine: time for a look at her business flash headlines. bank of america is going to raise its minimum-wage to $25 an hour to make it easier to attract and retain employees. bank of america's current minimum is $20. the $25 wage will kick and by 2025. the bank will require its u.s. vendors to play employees dedicated to the

german yields are rising. we are still very negative. a little bit of the selling and bond market. in some of those yields coming a little bit closer. are we going to be talking about it coming across europe anytime soon. this is something that is pre-pandemic. it may take more than the pandemic to go away for that to happen. paul: a combination of the pendant going away and the vaccine accelerating. we still have a fairly weak outlook -- a lot of debt as well. in that tenure space, i would expect to see some positive yields in germany between the next couple of months. anna: we are going to hear from the fed a little bit later on today. every time they have asked about inflation, it seems like it underlines the importance of unemployment data. complex reasons for that, what are you looking from that seen? paul: continuation of the trend, we will talk about employment we will talk about how quickly that recovery comes through in the next two months. the employment problem in the fact that the recovery is not set to sort that out. if some

are corrupt. if trump is not on the ballot having them a reason to turn out, why would they vote for these republicans? it is possible for them to do that based on other issues that are important. i just do not think it is a guarantee. host: from trump to biden, there was criticism in 2010 of obama not doing more to help save house seats in the midterm. where does president biden appear to be? guest: president biden right now , the key thing he can do right now is try to do a good job. try to keep his job approval rating, keep it in good shape so voters do not have anger, resentment toward this fattest -- or dissatisfaction. you are right, president obama and the democrat and -- the democrats went through this in 2008, obama won, 2010, he was not on the ballot in democratic turnout suffered. democrats got clobbered. 2014, republicans have a great cycle as the full obama coalition did not turn out in the same numbers. this is not a new dynamic to former president trump, this as something we have se

>> harris: we are not really sure where he might be but where are the people who are around them to helpw when a crisis is about to unfold. when you find out that in north carolina, kayleigh touch on this, as of 9:00 a.m. eastern, 78% of gas stations in greenville, asheville, anderson, those are population for industry and businesses and families, when you find out 69% of their gas stations have run dry. when you see that that's happening and you don't take emergency action, yeah, they're putting some tankers on the road. you just saw him in an oval office the short time ago, he said i only want to talk about infrastructure. gas stations are infrastructure. i don't know many that run without electricity. you got a collision of energy points right there, and people fighting in line. if those people having to be democrats, bar the door in 2022. >> emily: the migrant search only getting worse as the border crossing reaches a two decade high. use of a musical only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ today let's paint with behr ultra scuff defense... so that you can

these are the facts. these are the charts. let's just stipulate this so we can move on and talk about policy. and this chart is very clear. you see where the yellow line is. that is the biden administration inauguration. actually, i was generous. that yellow line should be one bar to the left. i gave kind of the whole situation a month to kind of percolate so people would know in central america and elsewhere what was going on. here's january 21, this bar right here. look at that surge. i mean, it's obvious what happened. and you said it. you said they weren't, you know, allowing unaccompanied kids or families to come into the border and go into the interior. they stopped that practice. and it had the intended effect. people stopped sending their kids up to central america, smugglers, traffickers. kids, as we said, facing all kinds of assaults and exploitation and so, you know, we can -- we can agree to disagree on what the policy ought to be going forward, i get that. let's at least stipulate as to what happened here and what

even though the problems we are addressing are pretty scary, we are optimistic and we take these issueseriously and if we develop new policies, we could end up in a good space. and basically harvest the technology to things humans really care about. >> he's the vice president of the brookings institution. he also is the editor-in-chief of their technology policy blog. he is the co-author of this book "turning point: policy in the artificial intelligence. >> c-span is your unfiltered view of government. we are funded by these television companies including comcast. >> do you think this is just a community sensor? it's way more than that. >> we are partnering with committee centers to give students from low income families the tools they need to be ready for every thing. comcast supports c-span, along with these other providers, giving a front row seat to democracy. >> c-span's washington journal. every day, were taking her calls live on the air on the news of the day and discussing policy issues that impact you. coming up sunday morning, the new publication the reload that focuses on fir

and that is, i mean these are serious, these are high in the sky, these are serious experts, liberal conservatives, etc. so let's say somewhere in between, that's a trillion dollars, i'm confident they would go for. that uncounted infinite for example something that is not in the 200, two trillion dollar tax cut from which nothing was paid for. and it ended up being an increase in debt. that there's a thing called stepped up basis. that is not in it, stepped up basis complicated, i don't know what it was, and ever had any money so i don't know what it was. but for example, if you have a capital gain, you are wealthy person, you are about to cash in. you got 1 million dollars with the stock, now it's worth 1, 500, 000, we are going to catch it in and god forbid when you catch it in, you'll figure you'll be hitting electrocuted. i think it's left to your son or daughter, they pay on the capital gains that you would have to pay. it is not inherited, it's ten seconds before it happened. eliminate that. that raises billions and billions of dollars. there are ways to do. this >> mitch mcco

the talks are going on -- they are behind the scenes. they are quite technical at this stage. china is pushing ahead with this potential entry. haidi: we've spoken to a number of representatives and other politicians from the various countries in the past. they have always said they are open for talks if beijing wanted to join. there are some serious roadblocks ahead. reporter: there are many roadblocks. it is a long list of hurdles beijing would need to get through. one involves that it is a tougher agreement than the regional agreement beijing was able to push their last year. the tpp is viewed as having a bit more teeth, some more demanding things they would need to follow and agree to follow up on and go along with the obligations outlined by the international labor organization . there are constraints -- potential constraints as to what china's heavy role of state owned enterprises would be reconciled with any trade agreement. and also, of course, there are many political squabbles out there. china is involved in what summer describing as a trade were -- in what some are

are americans back? the game? are we engaged? i just think and i know this sounds -- it is never, ever a good bed of america. has it ever occurred. it is never good betting against the american people. >> one more question for you and that's your 113 days into the presidency, this is the top of the mountain, you were climbing this mountain for many, many years, you are the most prepared in history with 36 years in the nate and eight years as vice president. the one thing you don't have on this 113th day is our son, beau. >> he would say home base, home base, be who you are. the one thing that i hope that he would say is "dad, you are home base, you are sticking to it." i have not done this, this long to do things i don't believe. >> mr. president, thank you very much for your time today. >> god love him. he should be sitting in this chair. anyway, thank you, thank you. >> thank you very much mr. president. >> today joe biden took office only 22 million doses of the vaccines have been administered. tonight that number is more than

we are in hull, or maybe more accurately, we are looking are looking over hull.irst visitors to a new arrival in the city. the hull vigil. wow. wow, it looks so blue. this is not how i expected it at all. i thought i was going to be terrified. she and more than 700 others will stand here for an hour at a time over the next 365 days and gaze over the city. and think. this is an artwork about what's on our minds. my year has been very focused around two members of my family, really. my daughter, who is disabled, my elder daughter. and my dad, who is 83 and has a blood cancer. so it has been one of fear, really, protecting them, shielding. each day there will be a vigil at sunrise and another at sunset. there aren't many rules when you are up here but there is one — no mobile phones, because they want you to, well, have a chance to enjoy the silence, the sky, the sun and the beauty of hull. david sillito, bbc news, hull. it is just it isjust a it is just a really wonderful idea. it is just a really wonderful idea. i love that. i am not sure about the height. it woul

but are made to feel as if they are.p to ensure equal access to covid—19 vaccines is currently 1a0 million doses short, due to the continuing covid crisis in india. now, unicef is calling for the powerful g7 countries — the leaders of which will meet in the uk next month — to share their surplus of doses. the bbc�*s global health correspondent tulip mazumdar reports: it's a global collaboration that's never been tried on this tight timescale before. the aim of the covax scheme is to ensure all people in all countries get equal access to vaccines to protect them against covid—19. some progress is being made, but doses remain vastly unevenly distributed. and now, the pipeline providing vaccines to some of the world's poorest countries is being squeezed. as india continues its devastating battle against a raging outbreak, the country's prime minister has temporarily banned exports of covid—19 vaccines so that all doses can be used in country. the serum institute of india was due to supply around half of the two billion vacc

you are seeing the reason people are paying for ransomware is they are locking you on out of your systemsiness stalls. >> one thing that you taught us, as much as palo alto was an on premises cybersecurity company you decided that was not enough. you want to be in the cloud. what i thought was interesting on page 16 of your deck, sure enough, you are now the largest cloud security company in the country. i have talked about other cloud native companies and said, hope you catch them and you caught them and passed them. >> if you look at the different parts of our business, jim, there's network security part. now, what is fascinating the market is too focus ed on hard work only network security companies. if you look at what we have with done, in the last three years, 40% of our business is software. i am sure you are going to talk about chip usuals. we are less depending on chips it's easier to maintain and the world will shift toward software defined security and we are almost there, 40% of our security business. in addition, we built in cloud security where we have 250 customers. >> wel

on the other of the coin are those in this same study who are unvaccinated. if you look at the infection rate of those individuals within zero to 14 days after the first clinic they were 4.3% compared to the very small 1% in previous slide. they were 0.3% if you waited 42 days. this is a reflection of what is likely a mini version within the nursing home setting of herd immunity. next slide. then another multi-state mayo clinic health study you look at adenovirus vector, namely the johnson & johnson. i have been speaking to you about the mrnas. the vaccine effectiveness, again, was even greater here than we originally reported with the 2%. next slide. this was the j&j paper i showed to this group a few weeks ago looking at the safety and efficacy of the single dose at 26. as you can see, the efficacy was 74% in the united states. now take a look at this more closely. if you look at the hospitalizations and compare the placebo in red with the j&j in blue, 14 days postvaccination we see 93% vaccine efficacy. if you wait 28 days postvaccination, it is 100% with

and so these are a central workers. -- they are -- these are essential workers. they're the ones taking the risk to provide services to the rest of us. i think it is time we treated those workers equally. i appreciate the time, madam chair. thank you for the hearing and i yield back my time. >> thank you. i am going to yield to mr. call horn from north carolina. you have five minutes. >> thank you very much. my questions are going to be directed at mr. decamp. to all our witnesses, thank you for being on. i want to touch on this idea of imposing a 40 hour work week on farmers. as somebody who has worked on a farm when i was much younger, i realize the hours you have to work are very long and it is very difficult for these farmers , especially the ones who take crops, for it to have more workers spread around. workers have to be trained on how to work the system especially if they are in packinghouse or picking special crops. this is something i want to touch on. i believe after the global pandemic, we saw at the beginning of covid-19 how difficult it was to get a

are our neighbors and they are in need and they are in very desperate situation, i will agree with youot causes the drug war. greg, vice president harris is visiting milwaukee, a lovely city to talk about infrastructure. when it's the immigration system that is crumbling. why is she so unserious about this issue? >> greg: i think we are kind of figuring out that she may not be a serious person at all. i think that they were counting on alerting her, she would be moving more quickly to take over the job and in the next year i don't think they are going to be able to do it, the issue here is why they talk about climate change in these root causes is because you can't fix it. not in your lifetime, they don't expect her to do anything but repeat these platitudes, these catchphrases that we've heard for years, the dems have two clubs in their golf bag to beat you with, race and climate. they don't have to rely on data so instead of they do come if you want to be harder on immigration, tougher on immigration you are a coldhearted bigot who hates the earth. that's what you do because then you

>> governor huckabee: if, in fact, they are behind it of course they are testing biden, they are testingn finding out whether the united states is prepared to defend ourselves against cyber attacks and we are when we are hit with that, what do we do? how good are we at determining where it came from and what will we do to retaliate? i think it ought to scare the daylights out of us that this can happen to nearly half the energy supply up and down the east coast and a can be done just so very quickly and it's taking days for someone to figure out who did this, who pulled the trigger? what happens when they do this to our electrical grid and everything shuts down? can you imagine if there is no electricity on the east coast for the west coast or middle america? everything closes, the banks, the stores, gas pumps don't work, nothing works, the whole world is blown back into the age of the flintstones. so we'd better start getting better prepared because this isn't the first and it certainly won't be the last and they are going to come a whole lot more often and i'm not sure the biden admini

some are not vaccinated and children under 12 are not vaccinated. -- it's always great to see you, andrea. it was great to see you reporting from kiev last week. i did not know that the cdc was going to do this in the afternoon. but i think if you see the kind of arc of where we see the science and the trust going, the science is saying that kids 12 to 15 are safe to get vaccines. the vaccines have been really big game changers. what we are learning is that they not only keep you safe from getting seriously ill, but they are very effective in stopping transmission. so what we said yesterday morning, given all the evidence that we have seen, is that it's full speed ahead for the fall. now does it mean it's totally risk free? of course not. will there have to be some people who have accommodations still? of course. but -- obviously, as dr. fauci just said, younger kids are not going to have vaccines yet. but we think that -- we're embracing this new guidance about masks as a way of incentivizing people getting vaccines. it will take a minute or two to

they are just not as uptight as we are.ttention to ome. pick up your phone and preorder my book. [laughter] how i saved the world. you can do it with your fingers. that sounds weird but you can do it with your fingers and it will come to your house on july 6th. now, as you know, i'm reading excerpts from my book to titillate you. and this trearpt is about how i -- when i came on "the five." dana perino was harder to win over than greg it took me a while to figure her out but i finally did. dana has a secret life. so if you want to find out about dana's secret life, like i said, preorder the book and it is really, really narlly. >> greg: you didn't show the book to legal team. >> jesse: it took me a long time with legal. you wouldn't believe what i got through. nicole saphier, go ahead. >> nicole: well, in a similar vein, jesse. although i'm not talking about greg and dana. i also have a new book today it is out it is called "panic attack" and in i talk about how the rampant politicization of science has divided the country

here where you are too.— there are who are gathering here where you are too.e you are too. there are about lr000 fans — where you are too. there are about 4000 fans gathered _ where you are too. there are about 4000 fans gathered here _ where you are too. there are about 4000 fans gathered here on - where you are too. there are about 4000 fans gathered here on the i where you are too. there are about i 4000 fans gathered here on the pitch of the academy and people are very confident and it's it gets closer to kick—off, there are quite a few nerves here and there is an excellent team of chelsea had beaten manchester city twice this season and manchester city fans, i've reported on them since the very dark days when they were a bit of a laughing stock in football when manchester united, their neighbours were winning everything. and manchester united won that trophy in 1999, that was when a lot of city fans said a turn for them. division two, the 13 year of english football but they were promoted and at that point, things are really taking off and there under the

are you talking about people who are obese, people who are regular season, have diabetes? >> so for the most part the studies that are evolving now are for people who immunocompromising conditions or medications that interrupt their immune system. people who have had transplant, are on chemotherapy. there has been oin study that demonstrates if you are on a dialysis patient, that you may not be as well protected at all as well. so what we would recommend certainly for people who have immune compromising diseases or on those medications to consult their physicians. again, not everybody has to rip off their masks because our guidance changed or thursday. so, yes, if you are concerned, please do consult your physician before you take off your mask. >> if you were a pregnant woman, would you keep your mask on? >> we are encouraging pregnant women to get vaccinated. we have increasing data that pregnant women should get vaccinated. that's going to really be an individual by individual decision. and so, you know, it really just depends how much risk you are willing to tolerate,

reports are outrageous, unacceptable. they are investigating. there's no excuse for this treatment of children. they will ensure that those responsible are held accountable. as i have been talking to advocates, they say it's not isolated. they get calls like this every day. dr. cohen, who represents the family, says this is an example of a system that has broken down. >> dasha burns, thank you for being on top of the story and bringing it to us live. >>> thanks for watching this hour of "hallie jackson reports." find us on twitter with highlights. then in an hour or so, you have dr. fauci joining my colleague andrea mitchell. right now, it's craig melvin picking up coverage with everything you need to know about the new cdc mask guidance. >>> good friday morning to you. craig melvin here. major turning point in our country's long march toward normalcy in this pandemic. say good-bye to the masks if you are vaccinated. the cdc advising fully vaccinated americans that they no longer need to wear masks or physically distance. here is the cdc directo

we are hearing from businesses the reason people are not going back to work is because they are getting paid more to stay at home. it is only in the short-term. it runs out in september. there are people getting more money, but the answer is not stop giving them that money. when the administration decided what to give for expanded unemployment, they decided what people need to survive. perhaps this is the call to action to raise the federal minimum wage or what is happening naturally slowly, wages are increased. you saw $39 billion go to child care and $28 billion go to food services. when that makes its way through the system, lots of restaurants will be able to hire more. lots of moms didn't go back to work because that hasn't been secured. so while the president is pushing off the report saying it is not a big deal. it is one month. economic recovery doesn't go in one single road. rather than significant this is disappointment, what it is is a gap. it is great there are so many open jobs and people are not returning. we need to figure out why are they not returning and what do we nee

we are ready. we are ready. and let me tell you the whole word we and the other party and the saudis on the market is we are ready to be put in front of any kind of institution and see who did what i guess the many people we are in this war to defend our people, not to get money or try to get some kinds of power and everyone knows that. and we have worked for the last 30 years with the many government. so again, well yeah. one knows that we know that the un tunnel of experts is track the number of illegal financial schemes that you're running. they include evidence of money laundering scams, creating false supply contracts to transfer huge amounts of cash to individual who think amanda's and other officials are. you personally involved in these, how does all this corruption fit in with your hon principal? not? no, no, no, i'm not involved in anything like that. i'm the minister of foreign affairs, and i present my party, the general congress party. not though it is. and anyone who is committing any kind of legal

i think nobody would imagine that we are looking the other way, we are looking carefully to identify the people misusing the resources that we provide them and we will not allow that to continue. >> i appreciate you for that diligence and double down. dr. fauci if i could come to you quickly. i am interested in the efforts on tickborne research. one of our best supporters is chris smith, who has -- it has been an interest of his and i appreciate his advocacy. i would like to give you a chance to update us. dr. fauci: thank you for that question. as you probably know the hhs has a tickborne disease working group, which we are now coordinating work not only at the nih but with the cdc and other agencies to address tickborne disease, particularly one that is problematic, lyme disease. we still have what i believe is not yet an adequate vaccine. we had one vaccine early on that was not used probably because of some ill advise concern that was not justified about the toxicity of the vaccine, of which it really was not. it will be starting all over again. there are a number of other things

we are like down 3% in the s&p it hasn't -- we are not even in a dip.re going to be behaving down %, we should have a correction. if you are going to have one, the reason you should have one is because the vaccine distribution is wildly successful there is consumer demand everywhere, people are getting raises, companies are unilaterally raising their own internal minimume software stoc down 20 points, whatever -- like, that's fine by me. i will take that any time you want to serve that up. and the last thing on that, if we think that inflation is the issue, is the problem, understand most of the excess spending and costs that aren't coming from the supply issues that we documented are coming from the wealth effect the stock market itself is a huge source of inflationary pressure in everything from dishwashers to new home construction, cars, on, and on, and on so if the stock market cools off because of inflation, no more inflation. it's almost like a self-correcting cycle. i would just be considering all of those things in my mind before opening up my s

the orange county ares are risk of getting covid and the counties in blue are low-risk. would be more conservative. and so finally, i would look at in your vaccination status, do you have symptoms? do the people around you have symptoms, and have you or they been exposed to somebody that you know has covid and that is also going to up the risk level in that situation. >> i feel like for so many, and me included, i feel like the mask is a security blanket, and i am wearing it all of the time except for inside of the house, and maybe it is hard to part with it when the time is right. so dr. cyrus, a new cnn poll finds that 45% of the people have not been vaccinated, and so how should you talk to someone who is hesitant about getting vaccinated, and sometimes that conversation happens right within the family, right? and families are strained and friendships are being strained now, and how do you that conversation? >> yeah, i think that you are highlighting how divisive this issue has come, and one about the public health and do you want to stay alive and not get sick. so if

what are the actions? where are we going?big guns at the top, the guys that are supposed to be in charge of everything? i do not hear them talk a lot. i've seen a lot of statements, a lot of we're going to do this or we are going to do that, but i played 20 years. when i arrived in the game and when i left the game, things didn't change too much. we are still, we are in 2021, - 40 years since the brixton riots, we are still not having honest discussions about racists - in this country. the government is still not having a conversation - about structural racism. i think we have got a problem. i think we have gone back 20 years from a societal perspective - and we're going to have - to reconstruct how we really talk about and address issues . of discrimination in the uk. for a second season, taking the knee is currently an act seen before all premier league games, although some clubs in the lower divisions have stopped the antiracism protest. wilfried zaha is the only top—flight player to stop, citing he is still regularly raci

we are still not back to the normal level of profitability, but we are very close. i want to ask you what is going on in pimco in terms of flows. power flows at pimco currently given -- potentially a rise in yields, given the fact that potentially we have inflation picking up? giulio: i would say the last four quarters have almost been like a swiss clock. clearly that is not going to be the case every quarter. if we see inflation rising, this might have an impact first on the flows, but we also see that the resilience of the pimco franchise is very strong. we know that pimco usually rebounds very strongly. eventually, long-term, there are technical requests for fixed income assets, and if yield goes up, there will be even more requests. from that point of view, we are very positive about the transactions with pimco. quarterly flows are a different story. i also want to highlight that it is not just pimco. we have sk hynix performing nicely. we had 12 billion of them, the highest ever in their history. both pimco and agi are performing very nicely right now, and we t

where they are, we -- and where they are.we are getting vaccines into it means -- it means we are getting vaccines into dense urban areas where the spread can happen fast and variants can spring up at any moment. we don't have to wait around on the supply of vaccines to build up capacity, that we can start today and we should work on it now. unless we get that simply producing more vaccines and getting them into capitals will fall short of where we need to be on this framework. a final thought i think the tony , blair institute framework is an important robot forward. we are delighted that the wilson center is in support of it. i think it does provide a good framework for policy makers to take a look at this important challenge at this key moment. dr. fink: i would like to thank both of you and our audience today for taking time with the response to delve into these issues. and all the work that went into the report. thank you for joining us today and wishing you all good health. fmr. pm blair: thank you very much and mark an

are they targeting to maximize their profits? wendi: they absolutely are.re's no doubt about it. they have matured their operations. a big part of that is that the ransom operators can focus on their objectives, which is exactly what you are talking about. finding the information i can still from an environment that will give me the biggest return on my investment. this is no longer a standard type of attack. this is very targeted, very specific. i would say that ransomware operators are often using the type of discipline that we have seen from nation state actors. emily: so this was by a company called r people. talk about what you are expecting to see more of from nation states? wendi: i think the real question is how involved today our nation state actors in with ransomware? the reality is that it does not necessarily matter today whom the attack is coming from. because the significance of needing to defend your network, needing to have visibility in the supply chain, for all of these types of actors, is so critical. we used it to as a business, i have b

people are quite obedient and actually, they are scared.will follow the government direction to stay home and wear a mask if you have to go out. i believe they will get control within a month. i am very positive of the situation in taiwan. yvonne: you have seen strong sales in taiwan towards late last year. do you expect the outbreak to impact your sales in any way? and what trends are you seeing in light of the pandemic given that people are more health conscious out there? andrew t.: we notice more distance clinics. we feel people are more careful about their health. they need a strong immune system to fight in this situation. globally, we get more clients from southeast asia, america, and europe. they just have to go to our website or email us for more information to see if we can design some health supplements for them. i think this covid situation is actually bringing people more health awareness and it will help the society. haslinda: andrew tseng, thank you for being with us today. let's do a quick check of the markets. gains across

shots are not used yet, and they are expiring near mi d-august.s doing right now is giving another tick to the population to get the vaccine now or else they will not have more supply this year, which is likely. right now less than 1/5 of the population has taken the first dose, so it's a very low rate compared to singapore where about one third of the population has received their first dose. shery: jinshan hong there with the latest. take a look at what sony is doing right now, gaining ground for the second session, at the highest level since april 30 of this year. this coming at a time as we continue to hear from that strategy update, sony now saying they will invest two trillion yen over three years for strategic investment. they will continue to focus on ip, tech and buybacks. this as we heard from japanese media, saying japan is eyeing a sony/tsmc venture for creating a chip factory. and we're continuing to watch sony as it is gaining ground for a second session. bloomberg subscribers can continue watching at live go for that sony strategy c

what are you

adrienne: you are going to see sales that are up 70% to 100%.tting reads from early reports that they are costing over 2019 pre-pandemic levels. not by a little bit, but by 10% to 15%. averaging of retails are anywhere between 10% and 25%. might i add, this is all under the backdrop of constraints and supply because the supply chain is backed up. imagine if we are able to get every piece of inventory we like , one could only assume that is going to be even higher. even that backdrop, i would say that at some point you are going to see retailers have to -- initial retails to stem the flow of how hot the demand cycle is. matt: i was waiting for amanda to jump in with a buster blues quote. adrienne yih, thanks for talking to us about retail sales that are off the hook. for amanda lange, i am matt miller, this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic d

here are the top things we are following around the world.e speak to the ceo of trulieve on first-quarter earnings report and you will hear to a former ambassador of canada on reopening the border and the other pipeline issue getting overshadowed this week. we talk to the president of the council union which represents around 40,000 disney employees. first, let's get a check on the markets. it is two different stories when it comes to upside inflation surprises. cpi ahead of expectations and higher yield, lower equity markets. today, ppi surprises to the upside but not the same reaction. equities are broadly higher, although we are around session lows on the nasdaq 100, it is underperforming, up .7. yields are moving lower, down about two basis points on the 10 year treasury yield to 1.627%. weak demand for the 30 year option happened at the top of the hour. i will have more in a second. in other asset classes, dub uti crew down 4%, headed for the worst day since early april, all about the colonial pipeline restarting operations could help ea

guy's are older. where are you with that?tarted are adolescent and pediatric trials. we will be there for your kids. guy: thank your much indeed. stan erck, novavax ceo. we are joined by sam fazeli, bloomberg intelligence senior pharmaceutical analyst. what did you take away from the conversation? sam: obviously they are having this issue with manufacturing. one of the things we've been talking about is with the idea of ip waivers anyone will scramble to try to buy equipment and bags and raw materials. even the company that has the billions of dollars in the bag cannot get access to some of these things. novavax has been around a long time. there is an undercurrent of thinking among investors that they are not as effective as moving some of these things forward. i am hopeful -- this is a vaccine the world needs. we need the extra doses and they would be perfectly suited for use in the more developed world where refrigeration and freezing is tougher. alix: what did you make of the idea they can combat multiple variants with on

they— are coming in are a lot younger. they need — are coming in are a lot younger.ical care, they can treat them on general wards. _ care, they can treat them on general wards. but— care, they can treat them on general wards, but also, crucially, that the significant — wards, but also, crucially, that the significant majority of people who are in_ significant majority of people who are in hospital with covid—19 are people — are in hospital with covid—19 are people who have not been vaccinated. as vaccinations continue in areas like leicester, with rising cases of the variant, first identified in india, public health officials are urging everyone who is invited for a second dose to come forward. they stress it does offer a high degree of protection against the variant. so these latest figures on the indian variant in the uk, how worried are officials? the overall perspective _ worried are officials? the overall perspective on — worried are officials? the overall perspective on this _ worried are officials? the overall perspective on this is _ worried are officials? t

those are definitely things that we are watching. . the second point i think is interesting about the hearings is this focus on overdraft, which i feel like is sort of focusing on one's -- one specific metric and not the whole picture. i would say this has really changed at the banks and i do think there was a lot of room for improvement several years ago but we have had changes since and customers now have to opt into overdraft. so it is a protection you have to ask for. it perhaps does not look at the fuller picture of those types of accounts that pay other types of fees. shery: what about racial equity? how much improvement have we seen on that front? that was also a big issue in the hearings. alison: i think it is tough to say how much improvement we have seen. i think we are hearing a lot of talk at the moment, and i think that is something that we have seen a lot of, not just from the banks, but obviously globally in the last year or so. and it does seem like the banks are making bigger commitments, and i think that is something

are the c.p.i. numbers from a few weeks ago impacting our proposals that -- reporter: changing policies you would propose. jen: i want to make sure i understood it. as we looked and dug into the data, we talked about this a little last week, some of this data is fascinating, is that the economy's turning back on. we take inflation very seriously. our secretary of treasury, the federal reserve is responsible for monitoring it. but there are a number factors as the economy turns back on. including there are areas like the cost of airline tickets where if you look back at prepandemic, they dropped by about 20%. they are up about 10% since then. so there are prices where the baseline was actually lower than it was prior to the pandemic. that's one of the things we are satisfying seeing in the data. at that-t has not changed our view -- it has not changed our view and economists around the country there is more that needs to be done to put americans back to work. to ensure we are getting working families

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are the major terrorist threats that are country now faces. that was underscored by the attempted insurrection on january 6th, the storming of the capital. you are probably aware that after that event occurred the head of the association of flight attendants, sarah nelson, called for suspected perpetrators to be barred from flying saying they pose a threat to the security of those on board. i and others have heard anecdotal reports from colleagues about what was like, how frightening it was to be on flights with those perpetrators in the ensuing days when they were flying back to the district at the same time the insurgents were flying and in many cases menacing, pretty serious question whether those people should have been on board an aircraft so considering this, the threat of domestic violence and extremists, what is your assessment of where we are, the adequacy of the list you're working with. are you satisfied we are borrowing from flight those who should be barred from flight? any figures about who you are denying boarding and the kind o

arson we are seeing a lot. and burning you know palestinians are burning their own cars and their own. their own trash cans and you know it's really is and obviously there is you know palestinian citizens of israel who are attacking jewish that if that also is happening however it's really a very different type of violence i wouldn't call it into community by alliance so they let are the difference sure sorry let me stop you there because i do want to get back to that point in a few moments but i want to go to u.s.c. now you say you heard sally there talk about what's different this time from your vantage point how does what is happening now compare to the 1st and 2nd intifada i think even tell us what's happening inside these it's probably one of the words that i can recall he still there was a situation where fights between. jews and. because the show since you shot in the 2nd mainly beats me. israelis these are the israeli military and security full service and palestinians indo by terror talk this this chan

many are still bullish.you are a real believer in bitcoin, and you believe in its future, would you ever acknowledge that it is time to capitulate? mark: that is one of the things i have been wondering about. can you get mental capitulation when the trading is a bit more religious? it doesn't become a discussion based on fact but on how strong your belief is. that could be a little unfair to the whole crypto center. there is still much potential that has not been explored. i think we are underestimating its power. one of the problems of the crypto sector is that bitcoin has come to represent all cryptocurrencies despite the fact that it is one of the more flawed ones. part of the process i think is that we will see the vergence coming out of this in the next few months that people will slowly give up bitcoin but they won't give up on reptile currencies overall and maybe that is a process that takes a few months to play out and therefore we will see some more painful spikes to the downside to up those positio

are politicians here who are farfrom relaxed there are politicians here who are far from relaxed about the prime minister, the government, keen to accentuate the positive torrid days of difficult headlines, kammy? that's right, clive. the prime minister has found it very difficult to get away from this focus on his own personal arrangements. there are now several inquiries into how the refurbishment of his downing street flat was funded. he was given an opportunity to comment on those matters today but he declined to do so, instead preferring to strike a more optimistic note, with local elections just a few days away in england, he wanted to give us the prospect of perhaps in just seven weeks' time, social distancing as we know it finally being swept away. but opposition politicians say he has got a habit of promising and not delivering and it was interesting that an all—party group of mps who have been looking into the covid crisis still think that in a couple of weeks' time, reopening foreign travel is still far too risky. that said, there are many in boris johnson's own party who th

johnson are introducing.and it makes a lot of sense but as we all know it's an uphill battle but it doesn't mean we shouldn't fight. but it does mean without eliminating the filibuster we can't succeed. we can't succeed in voting for change in guns and many other issues. what has to happen particularly on judicial nominations is to build a greater grassroots network in support of it. so that progressives across the country understand what's at stake and why it's important that we can try now but we have a look at ethics reform as i think chris mentioned and we have to also look at the lower court. we also have the imperative to make the nominations and making sure that trump's 234 don't stand by themselves and president biden has nominated a diverse -- not as diverse as some of us might like but diverse in background and experience and race and ethnicity so we have to build this movement in order to make it happen. >> if i could pick up on something that all the panelists said congressman jones mentioned the

are direct listings and spacs pulling the out of favor. >>> timber prices are whipsawing around after their climb to record highs but the cycle could last a couple more years we will speak with one executive about how his lumber disis faring right now first, dom chu. >> lumber is trying to find a base but we have seen the stock market trying to bottom out a little bit here. we are trying to try and snap a three-day losing streak for the stocks overall the dow up 180 the s&p 500, 4154, the last trade there. moving deisn'tly above his 50 day average price. 4080 was the level we were watching the nasdaq composite yot performing in a big way, up 1.5% outpacing the rest of the overall indices. momentum, tech stocks, cryptocurrency, innovation the arc innovation etf and stocks that underlie it. tesla, square, roku, teledoc, some of the biggest holdings there. we will keep those stocks in mind then on the retail side of things there has been a trend better than expected earnings reports, maybe even raised guidance for some of the companies this week yet the stocks react effectively kohl's an

the people they let go are realizing that they are the ones holding the cards and many of them are not eager to come back just yet. >> the postal service is hiring 1500 people every week. the average postal workers pay is about $72,000 a year. >>> an incredible comeback to professional baseball one year after losing his right i in a suicide attempt. giants minor leaguer to robinson started his 2021 season with the sacramento river cats. the 29-year-old joined the giants organization on a minor- league deal and was in spring training with the giants last year before the pandemic shut down baseball. on april 16, robinson tragically shot himself in the head at his las vegas home. the gunshot left him without a right i but missed his brain. he is now split his energy between making a baseball come back and telling his story to inspire others. >>> yosemite climbers are facing a new obstacle.. official said today climbers will need to get free overnight permits that they plan to spend the night climbing the walls. the program starts on may 21. it could help limit the number of people on rout

these are lead voices today. there are other people that are partners. thinking about the digital equity lens to help us with the outreach. i can't say enough how important the role is in this transformation. data is how we make this happen. it is critical. the controller have a number of roles. data academy to talk when technology. they have the second largest technology shop in the city. the city departments have a number of differently sources and experts all across the city as well. both data sf and innovation teams have innovation experts to think about moving forward. it is part of the information sharing and collaboration to move together. we are very small team. three people. my team were focused on the policy side now as we are accommodating or working on the acquisition of surveillance technology and trying to do what we can to move forward the way we talk about technology. as we pass each it map the subsequent focus areas are on the budget. all projects over $100,000 come for review and approval. we try to introduce the innovative thinking. we

'cause we are.ollege giving financial incentives for their students to get vaccinated. students at rowen university can receive up to $1,000 to tuition, room and board after showing proof of vaccination. this as new york city bill di blasio is making effort to draw tourist vaccines to get attraction back to the city. brian, what do you think about this? let's remember that this vaccine while not dampening any ideas to get it is still in emergency use approval phase. it's not regularly approved by the fda. this is emergency use approval, brian. brian: yeah, i'm happy when students get a break in their tuition, so i'm glad that the school is looking at that but i get very leery about the social engineering what's going on. i think students should get the opportunity and a lot should get immunity having had covid already, why shouldn't they get a break after they got immunity that way than getting vaccine. colleges are requiring students to have vaccine to return to campus. you don't need to do that. y

what are the responses you are getting here? we saw that on the gmm screen, the whole column of commodities looking bright green, suggesting many commodities playing their part sending the indexes to multiyear highs. matt: the rally has brought in more converts. we have way more people bullish then when we asked a couple months ago. people are getting more convinced we have a chance for this commodity price to extend into the second half of this year. two months ago we believed in economic recovery. we thought some commodities had done enough. there has not been much nuance. whatever commodity it is it is rising rapidly. metals have been leading this. even oil prices keep going to fresh highs. at the moment there is an awful lot of bullishness. anna: we did have warnings coming through from the fed. they don't say the word bubbles, but they were talking about asset prices. certain prices looking worrisome. they mentioned meme stocks in the latest fed report. that did not hold back stocks or at least it has not yet. the wording a